I think you're getting revenue and net income confused. Revenue is over $7B TTM...Net INCOME is over $1B TTM. Sure Q3 was $54M, but at least use TTM or somethin

I think you're getting revenue and net income confused. Revenue is over $7B TTM...Net INCOME is over $1B TTM. Sure Q3 was $54M, but at least use TTM or something other than multipling by 4. That's just misleading. Also even the linked article said "[t]he goal was to reduce annual expenses by more than $400 million before the end of the year". Your estimate of saving $50M through layoffs is absurdly off. Even people with no faith in the layoffs ability to reduce operating costs would admit it's going to be the majority of the $400M, i.e. saving at least $200M or roughly $150k per employee (a much more realistic figure if you remember there are costs outside of salary to an employer).