A huge chunk of the ICs got laid off - so managers that had teams of 8-10 now had teams of 3-6. The product org was hit, but proportionally not as heavily. No projects got descoped.
The end result was that the engineers were basically in meetings throughout the day every day, as they'd each suddenly have twice as many projects on their plate. Then because things inevitably were moving more slowly, more meetings got added to track progress more closely. This was earlier in the pandemic, so a bunch of engineers just left for greener pastures.
And as you can imagine, the whole thing ground to a halt.
The big thing I realized is how hard it was to for leadership - whether product or engineering - to say no, or to stack rank priorities. It's hard to blame them, the past decade has been one of abundance. There were always more resources around the next corner, and so having to deal with less wasn't a skill that anyone had developed.