What happens in a situation like this? When it's literally impossible to get everything done with the remaining number of people?
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@d1 I agree. Leadership had a clear order of priorities when they decided how the staffing structure would be. They know what can and cannot get done based on their decisions. I'd recommend getting a clear understanding of what those priorities are from you manager. If leadership was happy enough with the status quo, and found the business benefits to be effective, they wouldn't have taken an action that forces a shift in what work gets done or how it gets done.
Elaborate please. What kind of work? Perhaps the priority of the work is different in the mind of your team/stakeholders than it needs to be?
Work on your resume and take advantage of up-skilling on the clock. Then get out as soon as you can.
You let things fail and not get done and document it for the higher ups. “We do not have the capacity to work on these important things because you laid off half our team” is a powerful message.
None of us should work nights and weekends for a company that is tying our hands behind our backs. We let things fail and see how they like it.