I support the business... and I see this as being necessary. I'm happy that the CEO specifically said "this isn't about Q3 or Q4... it's about the long-term success of the business". That's good. Before, it always felt like the cost cutting was just an attempt to make numbers for an unusually bad quarter (that apparently wasn't too unusual).
What's scary is that A) it's going to happen over "the next 6 quarters" (meaning if our system is decomissioned, I'm screwed), and B) the cuts will be primarily targeted at Sales, IT, and HR in the US. Since I'm an IT guy, focused on an HR system, in the US, my boots are shaking.
This should be fun. *sigh*