Earlier quoted context omitted.
On the flip side, trimming 15% of the fat may set them up for better growth in the future. No company has no fat, especially not this big
On the gripping hand, no company can trim 15% of their employees without cutting meat & bone too. They may have well over 15% fat but identifying it quickly is impossible.
Based on my experience working with Intel over the years, 30% of their employees do nothing at all and 30% work about 15 hours per week. So there is plenty of fat to trim.