I don't really think class size matters that much, as long as you can understand the teacher you will learn what you were suppose to learn. When I was in high school they just mixed us all together anyways it didn't matter if you were a freshman or a senior. I think they made good choices on where to cut back.
There are stupid people and smart people, smart people want to learn, stupid people don't care to learn. The cut backs arn't going to effect that fact.