Listen to the most recent earnings report for FY24. “Realigning our cost base.” "Benefits derived from payroll costs."
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Listen to the Q2 earnings call, headcount reduction is coming. You have been warned.
"Fourth, we're reducing management layers and making headcount savings to reduce employee costs, which represent around 1/3 of our cost base. We're also globalizing our enabling functions such as IT, finance and HR, which have largely been established bottom up with individual countries and regions deciding the resources that they need."