Yeah it’s all drastic. He says they hope that property sales will enable them to transition to a leaner budget going forward. I see a few problems with that:
1. donations are likely to decline not increase, or remain static
2. cuts in organisations rarely bring the savings hoped for
3. JWs are not equipped psychologically, ideologically, or technically to reduce costs in an efficient manner
4. have they budgeted to afford the increasing cost of legal fees and settlements in abuse cases?
Many good reasons to suspect their financial woes will get worse not better.