These articles are always written with a not so subtle level of schadenfreude by the author.<p>When companies cut costs they basically have a choice of reducing COGS, reducing overhead, reducing compensation per employee, or reducing the number of employees.<p>Most software companies have relatively low COGS so there isn&#x27;t much to cut there. Reducing overhead (office space, events) is the least painful. Cutting peoples&#x27; salaries is basically impossible, so the only lever there is holding back bonuses. Depending on the company that may be a big cost saver. The last option is laying people off.<p>Given those are the only options cutting overhead is the nicest thing to do. Why is that a bad thing?