Good they are saying the truth directly than beating around the bush like due to market condition or performance etc..

But it's not employees and their salaries which are eating up the profits

Generalist

Correct, but at the end scapegoat is employees.

Consultant

1980: sacked 
 1990s: layoffs 
 2000s: downsizing 
 2010s: rationalising 
 2020s: rightsizing.  
  
 What’s next?

XX employees (primarily tech, hr) contributed towards adjusting ebidta in the latest round of adjustments.

Strategy, PMs weren't laid off? Are business people more valued?  
  
 (Genuinely asking)

Agreed, I'm questioning the way the headline has been phrased

I mean I get the layoff predicament, but wtf is this news headline?

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