Hopefully some thought is going into the job cuts.  If you just cut blindly, how does that build a quality workforce?  I bet little thought was put into developing a quality workforce over a slimmer workforce.  Less people doesn't always equal less costs.  If you keep the worst employees you have a crap business.  Management needs to learn how to remove the dead weight while retaining the winners that truly are an asset to EWEB.  

I have strong reservations regarding how these actions will be seen 5 years from now.  We may see an initial decline in cost but reality is a beast that will always shows itself.  Is Frank following the playbook of Hedge Funds?  Slash everything, make it run inefficiently so the community will yearn for Private Industry to come an save us.  Time will tell if an Engineer can truly operate a business or just engineer an idea and expect results.  Without strong day to day leadership from management probability is low.