20,000 to be laid off. 7,000 were laid off this round. Leaves 13,000 to be laid off in the next two years. Says 5,000 will come off divesting businesses. That leaves 8,000 in the next two years. Roughly about 4,000 per year from technology and support operations. Doesn't mention other functions.
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Will probably be closer to 10k a year, i know a lot of people are hopeful especially after surviving the first round but i would trust a damn word that comes out of executive managements mouth
The 5000 is pushed from redeployment of laidoff employees. These are openings with less salary and the laidoff VP grade employees are already getting redeployment emails. No one is ready to return back.