How are they going sustain their long term future if they've fired 40% of their people? Designing and making good products requires people and expertise.
This is just a downward spiral at this point.
We don't know the full scope of who they have laid off so we don't know. It may not be a permanent situation we don't really know yet. Obviously there current situation is not good and that article is not promising but we simply don't yet know. They have been around quite a while so it is not like they are some new start up.