Just noted from the q4 2016 financials:
$880 millions of workforce reduction charge in 2016
$920 millions of workforce reduction charge in 2015
Does it mean workforce reduction in 2016 and 2015 are comparable in size?
2 replies (most recent on top)
Just means the guys let go in 2016 are more senior comparing to 2015
Yes, roughly 20k in 2016, 24k in 2015.