No, you have it backwards. If you wanted 75% reduction while only having to lay off 50%, you make the unpopular decision _first_, and then the lay offs.
Indeed, that means you only have to pay 25% while achieving a 75% reduction. Though it's hard to believe there's a game plan here.
However, I have a suspicion that there is a certain type of person with low self esteem and high intelligence that will respond very well to being treated this badly.