Do I have this right?
 

Ok, let me see if I have this right:

CX load factor and revenue supposedly continue to be down.

CX needs a certain number of employees to take unpaid leave and/or work on reduced rosters to alleviate some of the financial burden.

CX is packaging these reduced rosters as "lifestyle" rosters and is "selling" them to the flight crew in exchange for part of their leave and housing allowance?

In short, they need your help and want you to pay serious penalties to help them?

Am I missing something here?

Classic bait and switch, at least we know Oxford is teaching used car salesmen 101 these days.

Suckers
 

Nope, you got it.... What they're saying is WE screwed up, would you and your family please take the hit. Then we'll be good till the next time we screw up and come back to screw you again !
This as the Swire Group advertise for company "chauffeurs".....

#CXit

The bigger problem is there’s a plethora of pilots here who will actually fall for it. Willingly.

Well, as long as you are willing to accept the "type" of pilot that entails. Apparently CX has no problem with the underlying facts of that issue. Won't - end - well.