...and you don't usually get into senior positions without stuff like severance being in the employment offer or contract.
The latter makes the company look bad to both the general population and its shareholders.
Tesla is a car company that is valued way more than any other car company despite the fact that it makes a fraction of the number of cars and has horrendous build quality.
You think the market is fucking rational, here? I've got news for you, guy, regular people's view of this means fuck-all to these people and the only thing that matters to them is the stock price.
The market absolutely props up "irrational decisions" and cutting employees to cut costs has been a bellwether for increasing stock price for forty fucking years now.