There's a large contingent on hacker news that still thinks it's some kind of moral failure to fire people

I worked at one of the companies that were acquired by Bending Spoons and really the only positive things I can say about them is: They are honest and stick to their word.

It's a shitty business model, run by people who do not, in any way shape or form, care about people at all. But they are honest.

So if you work at a company and BS comes knocking: relax, accept the severance money and start looking for something new. It will be over soon. And you also don't want to stay even if offered because it will be an entirely alien environment where only people of a certain character can work.