This round of layoffs is a serious blow to the company.
Tips
history
From the Yuan zaju《蝴蝶梦》, second act: 打得来伤筋动骨,更疼似悬头刺股 — beaten until tendon and bone are damaged, more painful than the famous classical self-discipline ordeals.
usage
The figurative use (major institutional damage) is now common in news writing about reforms, restructurings, and layoffs.