In SW anyway half of them do not write code. Ask when there was a git or p4 checkin last. They attend meetings after meetings.
Some were promoted for political reasons and have no clue as to what they are doing. Let alone I wouldn't even consider them a senior engineer.
50 percent reduction of senior staff engineers is still not enough.
After you are cut by 25 PCT, Octane will fire the rest of you useless Sr staffers.
Good luck getting a comparable paying job, you wouldn't even pass a coding interview.