Last year from January 1st on, we heard how the company had too many people and it had to cut costs.
In March the first round happened, just under 2000 people and positions. In June all purchased service contracts were not renewed affecting an unknown number. Then in August 3000 people get let go. And at the end of November, ~2000 retired.
By my math, assuming purchased service was around 1k people, that was roughly the 8k Jimmy said needed to go.
Yet 2022 was a disappointment due to quality/warranty costs, and missing top line earnings by about $1 billion.
Clearly, laying off people hasn't worked. So his grand plan for 2023? More layoffs!
Insane.