Quarterly results are released. The plan "...is expected to result in total pre-tax charges of
approximately $150 million. The charges are expected to be primarily cash-based and consist of employee severance..."
This is approximately 2x the size of the October action. No other details at this time.
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Incorrect. Try harder.
October: 3480 people impacted to get $40 million annual savings.
How many people impacted to get $200 million annual savings?
Well, if you do the math, $150M is roughly the burdened cost of 500-600 employees by the end of 2023. Fasten your seatbelts.
7000 jobs to be slashed