Their "business" model has always been to maximize revenue from publishers. When the borg was growing at a fast clip, their revenues increased year over year. Plus they had converts who were more materially successful than an average born-in. Now that the convert rate has dropped to almost nothing in the 1st world, the growth is coming mostly from births and 3rd world converts with little cash.
Because they were not very good at business, they over built ignoring the steady drop of new converts which translated to increased revenues. All the cuts were probably necessary just to right size the organization. At some point, the cuts will either stop because they will end up cutting muscle as it were.
They could do a bunch of things to create a new revenue stream but I think they believe their own BS that Armageddon is coming soon and all they need to do is hang on. They aren't going to dump CA or RCs because they make a ton of cash off of those. I could see them moving the RCs to 2 days and save a little cash that way. Also, change the CO to a part-time local CO position and reestablish the DOs to oversee those folks.
Definitely, they will come up with some way to charge for the website or create a tithing system. That will at least provide a regular source of revenue. The congregation per publisher "contribution" is already tithing light and I think provides them with a pretty stable revenue stream. What we don't know if really how much money they need. The downsizing along with the congregational monthly contributions + the worldwide cash grab may have been enough to allow them to stabilize. Since they aren't transparent with their finances, we have no way of knowing. Their behavior is amateurish is it's difficult to read too much into it. They simply are bad at business.