I think trying to normalize a ~20% workforce reduction as business as usual is a little bit much here.
Management made a lot of mistakes to get to this situation. It wasn't we tried a few things and it didn't work out, it was we burrowed too much money, spent too much money, and risked too much.
What other tech company has cut this deeply recently? You name their competitors, like Amazon and Apple -- is it happening there? 20% is not 2-3%.