Wild guess: In the last 2 years they probably hired way more than the 15% they are cutting now. 15% which is 100 people in their case isn't even that much, the

Wild guess: In the last 2 years they probably hired way more than the 15% they are cutting now. 15% which is 100 people in their case isn't even that much, they could have implemented a hiring stop and trimmed low performers over the next 6-12 months ending up with the same headcount. Wild guess 2: Since they are letting go so few people, they'll do another round in the future.