Yeah - my take on what he said is if you're going to do a layoff you should make it worthwhile. Cutting 5% and incurring all that disruption to just have to cut

Yeah - my take on what he said is if you're going to do a layoff you should make it worthwhile. Cutting 5% and incurring all that disruption to just have to cut 5% again later is catastrophic. It's way worse to do multiple rounds than to do it correctly all at once and rebuild with the team that's left. Even absent multiple rounds, 5% savings probably isn't worth the downside of doing it at all (which I think was his point).