While I have no sympathy for the upper management behind this stupidity, I would like to remind people to ensure their fire is focused away from developers and other non-management staff. They generally have no say in these calls.
If you have the connections to pull their staff away into jobs at other companies, please do that instead. It may not feel like it, but it will do more long-term damage if you can extract their senior talent.
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While I have no sympathy for the upper management behind this stupidity, I would like to remind people to ensure their fire is focused away from developers and other non-management staff. They generally have no say in these calls.
If you have the connections to pull their staff away into jobs at other companies, please do that instead. It may not feel like it, but it will do more long-term damage if you can extract their senior talent.