It depends a lot on which jobs they cut though. Do they know which departments & work groups are the least necessary? Or are most of them needed, but with fewer

It depends a lot on which jobs they cut though. Do they know which departments & work groups are the least necessary? Or are most of them needed, but with fewer people so they cut X% of each team? Cutting the fat at any company is worthless or even catastrophic if the strategy for implementing those cuts is crap.