In my view, the data doesn't support 2500 people being let go. That's more than it was in 2015 and we're in better shape today than we were then. That being said, my guess is that one in ten directs will be let go.
If you're touch labor, you're pretty safe; maybe 1 in 20. However, Engineering staffing levels are way too high due to a lack of financial oversight. Left unchecked, they will design ourselves out of business.
Most of the layoffs will be in support functions: IT, Finance and Accounting, Marketing and Facilities. These layoffs will still be in the 1 in 10 range. Why not higher? Because our staffing levels in those areas are far lower than industry standards.
To sum it up, poor decision making by inept management at the C level (I can't say leadership, because there is none) is causing this. I hope our shareholders force a change for the better. However, I don't see it happening for another five years or so.
Good post, more people should see it. It was posted by @11i3wruZ-biq.