Thats what I would do if I was them. Furloughs are expensive when you factor in displacements and paid moves. Why pay people to stick around when they otherwise wouldn’t. Someone getting paid to not work has no reason to want to leave when they can play wait and see from their couch. I wouldn’t want to incentivize that when I can scare them into punching out instead.

See what happens attrition wise in the next couple months and drop the F bomb and warn letters around May just in time for the fall and winter slowdown. That’s what I expect from them. If attrition increases after that cancel the reduction bid.