There's not too much new here except for some interesting analyst comments.
“You’re expecting to hear this from tech companies, but why are they cutting headcount now? Are they concerned about the next 12 months?” Bloomberg Intelligence analyst Michael Halen said in a phone interview. “The job cuts could indicate that they’re maybe worried about the direction the consumer is going in.”
“It sounds like they want to reorganize the company into different structures to grow faster,” BTIG LLC analyst Peter Saleh said. “Maybe they feel like they don’t have the right people in place.”