20% more efficient happens when you accomplish 20% more work with the same amount of money.
It also happens when you accomplish the same amount of work with 17% less money.
Right now it looks like neither option is happening.
I heard it was 3% to 5%. If so, then 20% layoffs would save < 1%.
Unless they have a "trickle down/up" effect?
Similar data downthread: https://news.ycombinator.com/item?id=43246891
20% more efficient happens when you accomplish 20% more work with the same amount of money.
It also happens when you accomplish the same amount of work with 17% less money.
Right now it looks like neither option is happening.