Yes. Staring at their financial statements, it looks like revenue is down in 2023. They're probably seeing a faster taper (or smaller revenue bumps from CP fixes) in sales than expected.

The wording in the statement really sounds like the typical project based employment thing. Seems like their pipeline got out of wack (maybe the CP fixes and updates?), and they're downgrading sales estimates on future projects, and suddenly you have less slack than before.

Sucks. Wish the best for the devs (and their new union) and the company.