This is simply a way to do a layoff and better yet for the accountants the folks least likely to move are the ones with kids/families, which also happen to be the ones who are earning at their highest. 25 year olds can move on short notice, 45 year olds cannot, but its illegal to fire everyone who's over 30.

The article is also correct, talent is leaving. When you announce something stupid like this, only 2 types of people remain: a) lifers and b) people who lack the network or talent to find something else. When all you have left is types A and B you get stagnation at best and decline at worst.