For years, my father tried to get me to major in Business. I'm so glad I didn't. I would've flunked out.A quick read does not seem to indicate the cuts are focused on production sides, at least at first. The initial targets are in the marketing department and legal department, so those cuts will be interesting. They are also looking at restructuring international strategies by using licensees to host content, so they might be scaling back their streaming offering to rely on other infrastructure, so cut costs there.
The article speculates that it could be selling off assets like Pluto, then leasing them to stream content. An interesting idea, and no doubt others will be like, "That's what they should have done in the first place!"
That's my lay business understanding.
Cutting out marketing hurts advertising from the way I'm looking at it. And cutting down on the legal department looks like it's just asking for trouble. Someone somewhere is going to sue them for something, and they won't be as well-equipped with those cuts. But what do I know? I guess I don't have the lobes...