Audio Research Ref 6 upgrade to 6SE.

If the technical talent hangs on then the company has a chance to survive.  But the first thing companies pull back on these days to help cash flow is Engineering.  It is a short term solution with long term consequences.  Over my career I observed that  managing executives saw engineers as a commodity- an expensive commodity.  But the engineers are the product.  It is a recurring pattern, a downward spiral.  When product development budgets are cut, sales fall two years out.  That leads to further cuts and subsequently an additional drop in sales.  A cut in R&D budgets has even longer term consequences.  That affects sales five years out and further.  

The irony is that the first employees of a new company are typically engineers/technical talent but the last employees of a company before it closes are managers.