"Major" is a flexible word
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Confirmed
And stock at $40 helps.
But but but how does a company with so many employees and lower revenue and profits compared to everyone else compete?
Oh yea, government handouts!
It is difficult to make predictions, especially about the future.
There is no way to tell what will happen next.
@aez Yes. New year, new beginnings... for the affected employees.
Doing it in the second half of January avoids the "unnecessarily cruel", mass layoff before the holidays backlash.