"While we continue to operate profitably in 2022 and sustain our growth rates ahead of our peers, unfortunately we still need to take more drastic measures for the health of our business and to continue to support and prepare our customers and our stakeholders from what is about to come. "

I find it hard to accept both these statements "we continue to operate profitably" and "we still need to take more drastic measures for the health of our business". Why is the business health in question? The memo doesn't address it. I can only assume they are they projecting growth to go negative next year?