I disagree pretty strongly. Rather than layoffs, most of these people could be retrained. Cutting costs of < 1k people is not a serious cost cutting effort, it’

I disagree pretty strongly. Rather than layoffs, most of these people could be retrained. Cutting costs of < 1k people is not a serious cost cutting effort, it’s juicing short term numbers. Probably most of the cuts are very political, with certain darlings being given freedom to restructure and layoff according to their whim. I think the story that companies do this for efficiency is mostly bullshit. That’s just the excuse.