[jlrubin]

that'd cause an org wide panic, and you might lose key personel in your actually profitable business units. cutting costs at this scale is not just reducing employees, it's getting rid of employees who are working in areas you need to cut. the secrecy lets management retain control.

[naasking]

> cutting costs at this scale is not just reducing employees, it's getting rid of employees who are working in areas you need to cut.

Sure, but if people are going to leave after cost cutting is announced, then you can often shuffle people from those areas into other areas without dealing with whole hiring rigamarole.