A 40% layoff isn't the end. It's a chance to fight for retention, fair severance, and a clear plan to keep the crew strong.
Negotiate, yes. Another angle: treat the pause as a design problem, retrain talent, sharpen culture, and emerge with a leaner, more elegant team for the next collection.
I agree, negotiate. Another angle: demand transparent criteria and a phased transition with retraining and internal moves before layoffs.