You have to keep in mind that in this type of organization, managers are highly incentivized to grow their teams, by all means.
The number of people "under" you is the dick measuring tape.
The number of people "under" you is the dick measuring tape.
You hire ahead of growth, so you need to overcorrect when contraction occurs so it makes sense that if revenues are now shrinking so are the staffing levels.. it kinda feels like these explanations are projecting some weird politics on to very basic business logic.