Reason for delay is first management need to go, teams consolidated, and then axe falls on ICs to sort this out. Very indigenous and stressful times ahead figuring this out on the fly which team stays or go, with poor planning. The list may already be done but not shared until top layer is eliminated. Could have delayed to Feb 2025, but NO, Wall Street must know the good news ASAP. Remember 700-800 millions allocated to LR in FY25-Q1 that ends Oct 25! Rest for executives to run out in FY 2025. Half of ICs will depart on their own, saving company lots in severance.
One billion in AI investments is coming from savings from next year after laying off and spending exactly one billion this FY. Financial engineering at best.