Pat is busy spending his $170m paycheck so he doesn't have time for layoff. No communication about number. It would be spread throughout 2023. First round would be by Q1 23 end. Enjoy your Christmas break.
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Has to be spread out, there are only so many HR people to handle the load.
Put down pipe and pick up the Bible. $10B in cost savings. Boy, did he deliver. No dividend cut and stock didn’t go into a death spiral. He will keep on cutting and the stock will start rising. Hallelujah.
That is not at all what was communicated. There won't be multiple rounds. 1 cut members notified in early q1 at the latest some earlier. 20,000 was rules out the exact number is not known because this is not a top down plugnand play cut. Experience and skills will be considered and a lower level to decide who staysband who goes.
Apple n2es. I know it's you.
What else announced in all hands meeting?