"The actions we took to align costs with current business conditions and to create a strong foundation for future growth and expanded profitability included a 12% reduction in our global headcount from peak levels in early fiscal 2024. The volatility of the past five years has challenged the entire industry, but we have reason to be optimistic, even excited, as we enter 2025. "
Read the proxy - Blake certainly has reasons to be optimistic. He continues to receive millions in compensation while the company is shrinking and total shareholder returns have lagged the S&P500 for 3 years. But hey, he eliminate 12% of the workforce from its peak. A peak that he created and the board enabled by overpaying for ill-advised acquisitions.
Enjoy the 1-2% every ~18 months, no AEIP, and looking over your shoulder wondering if you'll be the next professional casualty for the sake of cost savings... The savings to cover the exec compensation need to come from somewhere.