The goal of these cost cutting initiatives is not an absolute reduction in cost, but a relative one. They needed to show an improvement in operating margin, ie % of revenue spent on engineers.
If your engineers become 20% more efficient then your margins are better and your problem is solved. (Indeed if you have tech that can make any engineer 20% more efficient then you are back in the game of hiring as many as you can find, as long as each added engineer brings in enough additional revenue.)
If your engineers become 20% more efficient then your margins are better and your problem is solved. (Indeed if you have tech that can make any engineer 20% more efficient then you are back in the game of hiring as many as you can find, as long as each added engineer brings in enough additional revenue.)