The thing they never do when reducing workforce to align with revenue is look carefully at the degree to which a given member of the workforce contributes to the production of the revenue. That usually results in additional revenue reduction that exceeds the savings and you get a death spiral.
I watched a company one time that kept laying off its revenue producers while simultaneously increasing expenses for office remodeling for its new, non-revenue producing executives. We used to kid that the day would come when they’d finally laid off everyone who was producing revenue for them, and it’d take them six months to notice the money had stopped coming in. And that’s pretty much what happened. Pretty nice furniture in those executive offices, though. Picked up a few pieces at the bankruptcy sale.
A tale told true of a "silver lining."