Here is my math - In Feb 2015 Charged off $296M, 9000 workers laid off --- April 2015 Charged off $390M, 11000 workers laid off --- Dec 2015 Charged off 350M, 8750 workers to be laid off. So, it boils down that we are spending about 35K to 40K per laid off worker if we take in consideration Feb and April 2015 examples. I was using 40K in my math, as there was a little bit of inflation and workers that we may be cutting today may be a bit more expensive than in Feb/April. So I took 350M and divided it by 40K charge per worker, I am getting 8,750. What are your thoughts?
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I minions. I've mostly recovered from Syphilis and changed my name from Zellepifu to Yellepifu. I feel like a new man, except I'm a women. Now I can cut the fat from the SLB meat with 90% less chance of sexual harassment accusations.
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yes laying off is still going on but we have also people at low efficiency living in their comfort zone without feeling that they need to change as per the transformation too.
"People-technology-PROFIT!!!!!......they never told us about the order...."
They did, people is the first to go, profit is last
Do you remember....
People-technology-PROFIT!!!!!......they never told us about the order....
Baker will announce 10K more (layoffs) within next 8 weeks
I think that's the rumor that we had here before, about 10K more and 5K more in spring before prices stabilize. I think we have reached the bottom today
That'll be it. 8K, maybe, 10K maybe. but that will be the range. We are bleeding right now