From their blog post:
We’ll experiment more. We’ll adjust more quickly. We’ll join with allies outside of our organization more often and more effectively. We’ll meet people where they are. We’ll become great at expressing and building our core values into products and programs that speak to today’s issues. We’ll join and build with all those who seek openness, decency, empowerment and common good in online life.
It obviously sucks that layoffs had to happen. But coupling them with a new strategy seems like a winning move to me. I’m excited to see what happens next.