In practice, the change is they're laying people off and paying them generous severance packages and some other support options to help them transition as well

In practice, the change is they're laying people off and paying them generous severance packages and some other support options to help them transition as well as looking to cut infrastructure expenses. I'm not sure what other change you would be expecting. As a major share holder he is significantly impacted, losing over $100 billion since 2021. He's far from the only tech CEO to invest in fast expansion during the initial covid boom. It can very much be argued he made general good decisions to fast expand then and retract now given the information they had at the time, though I think his investments specifically in VR have been terrible for the company as a whole. Only time will tell if that will ever pay off for them or continue to be a money sink hole.