We took a careful review of the company, looking for redundancies in tools, systems and for roles that were not aligned to where we are investing for the future. This has resulted in the painful decision to part with 715 friends and co-workers who were notified today that their jobs have been impacted.
Recently, in our town halls and State of the Company meeting, you’ve asked me about layoffs, and I’ve said that we will never do any layoffs to make any short term goals or to achieve any financial numbers. I’ve also shared that we will always evaluate and align our investments to meet the changing needs of our customers. With the pace of change in today’s world, it’s critical that we act now. We are taking these actions to transform our capabilities and ensure that we’re able deliver for customers, both now and into the future.