Isn't that part of the job of being in top management? Being paid millions of bucks for your skills that should tell what your business need?
If the signs are showing that you might need to fire people, you need to think and work for that: set enough money aside to pay for severance and/or buy-outs, not just decide "oh shit, I can't pay them, and I can't pay what is needed for me to fire them", that's just incompetence.
The way you present this is like business leaders are victims that were helpless on forecasting what their businesses need, which is exactly their fucking job to do.
