Is this for this week or until the end of the year?
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Imagine what happens when the AI bubble bursts
@a2 If you read CR’s email, he said 4k jobs in Q4 - not that the cuts are done in Q4. $550 mil is budgeted for FY27 and that will include cuts above and beyond the initial 4k from Q4.
There absolutely could be second waves of LRs in Americas, but the bulk of the deferred LR costs is for EU and countries that have labor protections. Those countries require more advanced notice, hence the process drags into FY27. Keep in mind, the lists for those impacted for the LRs announced today has already been established. You could be on a list, but not scheduled to be impacted until a later date due to regional laws, or business needs. America and India are getting their notifications tomorrow.
@a3 450M in Q4.. but you got the general idea.
$1 billion restructuring, $400 billion in Q4. Rest in Q1. Don’t know how to read?
There is nothing in the call today that said another 5K in August. This full 4K layoff will spread throughout May and into Q4 2027.
@OP this week
Another 5K for August