After already sizeable layoffs, new reductions in sales personnel suggests they are trying to keep the employee count in line with reduced revenue expectations. What it means to me, considering that any rehires require new training and a lengthy lead time before staff can become sales efficient, is that senior management sees a long period with less than stellar growth.

How does this stock possibly retain its present P/E ratio if growth slows down to levels more in keeping with the overall economy? Answr? It can't.

Exactly what would you pay for a company that can only come close to reaching its numbers by reducing costs? Top line growth is going to be absent here for another couple of years.