Yes, you're both right.
mittermayr: My other points explain why just being in the most critical role isn't a guarantee. I also pointed out that "foolish management can still goof and let you go."
That being said:
> and much to my surprise, how often the org can actually survive through such disaster cuts regardless, even though they'll end up at a worse place than they were at before, but the simple act of surviving it -- at that point -- is enough of a success to continue onwards.
mittermayr: Either this is foolish management, or you're misinterpreting the situation. If the company believes that, in the end, it's successful, then how can you argue that the company isn't? Can you provide an example? Otherwise, you might be misinterpreting the situation, and it's what pbronez says is "The machine you crank could even be very profitable right now, but it's not where the company is going."