CFO did what he is paid to do… put the best face on bad financial news.
Patolahahaha should be commended.
Layoffs will be minimal.
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CFOs only have two tools, layoffs and acquisitions. They all believe the Neoliberal Econ teachings of Friedman. I long for the days when a CEO was considered a failure if they had to lay people off.
6k isn't minimal
Minimal?..