It’s cost cutting, but the fact that others are doing it does provide PR cover. A variety of factors, including higher interest rates, create an environment wh

It’s cost cutting, but the fact that others are doing it does provide PR cover. A variety of factors, including higher interest rates, create an environment where the tolerance for a lack of profit or productivity from certain operations becomes much more limited. In some cases that impacts entire companies, where stuff like “we’re pre-revenue” is now coming under far more scrutiny. In other cases company are taking a harder look at unprofitable divisions or teams without a hard link to the bottom line and trimming some previous excesses.