When the next quarterly numbers are released and they are flat/down, what believable explanation can the ELT offer? What can they possibly point to in terms of net-new logos, increased revenues, or new business opportunities? After their latest round of layoffs, they can claim layoff expenses impacting P&L but these layoff expenses are probably already charged against the books.
When will the analysts on the call actually ask some tough questions about growth (not migrations to the cloud)?
I think we'll get the usual shuck-and-jive from the ELT.