Look, I'm empathetic because I was there, but I also don't know why people act surprised. Bootcamps have been on a downward trend for years, and leadership hasn't done anything to correct the course, including the CFO of 5 years who went along for the ride to completely and utterly financially tank the ship. Chip and he were the goons navigating the Titanic.
This business has not worked since the multiple acquisitions or the continued placement of failed leaders. It will never work, and the executive team is now relating lay-offs to performance-related issues ("We also committed to increased accountability for delivering against our plan’s objectives," blah blah blah) when the reality is that they are so out of their depth, it's laughable.
I hear a lot about lying low and getting your severance, which blows my mind. Unless you've been there for a long time, the severance is absolute cr-p in comparison to what other companies offer, on top of dealing with the continued shenanigans and stress. Proactively get out; don't wait until it's forced. You are all worth more than this, and you will find something better.
Bumping this up for visibility. Source: @hgh+1tZzhnAU