Earlier quoted context omitted.
That would make more sense if 1) he had a coherent plan 2) he could motivate the good 20% to stick around 3) he had some way to differentiate high vs low performers. Instead, he now gets an effectively random layoff, with potentially whole/important teams vanishing, and biased so that the best people (who can easily find jobs) are most incentivized to leave.
he had a coherent plan So if he doesn't share his actual plan with you, the media, and his competitors, he doesn't have a plan?
The CEO’s role is to articulate a vision to workers (particularly to middle management). If it’s a secret plan, then functionally there is not a plan.
Good plans can be executed even if competitors know it because they rely upon competitive advantages the firm has. Even if this is only true in the short to medium term, by the medium term when competitors can pivot the company is executing on another plan.