Yes, I read the statement as Shopify having too many managers and is weighting their layoffs to address that ratio (as well as generally pruning "side quests").

Yes, I read the statement as Shopify having too many managers and is weighting their layoffs to address that ratio (as well as generally pruning "side quests"). > too many and you add heavy layers of process, approvals, meetings and… side quests (emphasis mine) and > A more fit for purpose Shopify centered on its main quest has less scope creep, fewer meetings, and more shipping great features for our merchants. (emphasis mine)