Just a reminder. Thanks!
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Haha
If you paid attention this last year, the headcount reduction was scheduled through the end of 2021. Heck, US and IOL employees were still on payroll until 2 days ago so what "efficiency" would have been included in 4Q wrt that efficiency?
You just sound like a dumb troll.
Remember the 4Q2020 report earlier this week. There was a $3 billion OPEX efficiency during the last 12 months which translated to 14,000 employees/contractors that retired or let go via layoff.
CEO Darren Wood announced at the earnings call that another $3 billion OPEX efficiency would occur between 2021 and 2025. That translates to another 14,000 employees and a few extra due to the cost of inflation over the next four years.
Getting rid of engineers at the manufacturing facilities and sending that work to KL/India. This obviously means more layoffs are coming.
What is TMTS?
Read this as "too much too soon", which could arguably be synonymous with the actual plan.