If you have a large sales team for products that are not selling, and you want to invest in building a brand new product, you are not going to be able to move the sales folks into R&D. If you end up building the new product, you may eventually need the sales team, but most businesses in the meantime would reduce the headcount in sales instead of retaining them. I’m not saying that not bad for employees, but shifting focus isn’t always about changing what employees work on.
There's an economic slowdown without relaxing the monetary tightening (because inflation, while relatively mild, is still above target.)
Further cutbacks from the level reached by the prior cutbacks due to monetary tightening when the economy was still in robust growth are to be expected, as are relatively transparent rationalizations that try to put an upbeat spin on them instead of the honest “the cost of money has gone up and the return of spending it on higher staffing levels has gone down.”