Having a 7% unregretted attribution target is pretty different than a 7% layoff. Many (most?) of the folks who make up that 7% leave on their own, because both the employee and the company are on the same page that it isn't working out.

A 7% layoff affects some people who are good employees, did nothing wrong, and are safe from a PIP -- but their position just no longer makes sense for the company to keep.

PIPs are not all fired in one day, it happens semi-randomly throughout the year.

Also, this quota is on top of the 6% of mandatory attrition, not replacing it.

Wonder if they are just going to roll that in to help the stock price?