I like this little extract from an article today:
It has also reduced the number of management levels from seven to three as part of its goal of reducing management head count by 30%
from M&G article here
A lesson in there somewhere, I think.

The other interesting bit is that the lay-offs may not need to be as drastic as originally anticipated. It seems now that the need is desperate, the unions have to come to the party in terms of labour costs.