Not sure why the downvote. This is common practice in many major, non-growth, global companies.
The past two eyars, MSFT have cut a large number of people annually. CSCO have been cutting a large number annually since 2011 (though this is more of a migration of staff to lower cost economies/newer focus areas). HP have a long history of annual staff cuts. Even Google has been cutting staff on an off for the last 4 years (mostly post acquisition).
