In banking and consulting this is not unusual. Some let go the lowest perfoming 10% every year. They do it because it is beneficial to their case and there is n

In banking and consulting this is not unusual. Some let go the lowest perfoming 10% every year. They do it because it is beneficial to their case and there is no resistance. Scaling quickly has risks and the current wave of layoffs is just a way to minimize risk. It is probably better this way than raising tons of cash until things are falling apart and you are forced into panic mode.