In May and then in July. It will be substantial, since CA mentioned on earnings call we would save 5% of opex. He said we already have achieved the first 3 percent of that savings, the last 2 percent will be with headcount reductions. Yearly opex for 2022 was 29B, so 2% of that will be 580M. This will equate to approx 3000 headcount reduction globally.
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Why not lay off in June, one month after the Q2 financial report was announced.
Joke? 3% = 3000 headcounts
Make sure to send out lots of ThankQs! Management loves them since they are free. Big morale boosters!