This news is symptomatic of the current state of tech. This decision was bonkers dumb.
When you do mass layoffs either the exec who did the hiring or the exec doing the firing was incompetent. You don’t get mass layoffs in a profitable company without incompetence. Period.
Random shuttering of profitable products, followed by frantic bargain sales: incompetence
The tech industry is manifestly, obviously, inarguably run by incompetent executives but there isn’t a pundit anywhere calling it out