This Rat guy is terrible. He clearly has no clue. Just buzzwords. He is a gift to keyword bingo. Where he's good, though, is he is setting up a multi-year restructuring which buys him time with the board and creates a rope-a-dope for how bad he is.
He starts with saying the layoffs were thoughtful and considered only after other efficiencies were considered. Then he rattled off 3 projects with no demonstrated or measurable operating gain. They just add overhead and increase complexity. But they're pet projects and he's clueless to seeing that.
And make no mistake. "Global expansion" means CGS outsourcing because they have a very clear bias against US workers. The layoffs aren't over.