I think it's about 150K per job - so it adds up to a few thousands? Do we REALLY know how many people will be eliminated?
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Don't forget a lot of the individuals being let go will receive a package up to 1 yr of salary depending on years of service.. Let me tell you a lot of those people have 20 plus years of service. I was one of those people and received a phenomenal pkg. So its going to cost them by eliminating jobs. It wont be a quick way to save. Although now im hearing the pkg for 2017 will be 4 weeks pay no matter how many years you have. Not sure how true that is. Also heard they will be moving a lot of functions down south since its cheaper to do business there as opposed to in NJ. Time will tell
They paid bonuses early hoping people would just leave. I'm hearing not enough people are leaving. Heads will roll by year end.
And you are surprised...?
Reported as $750M as of last week..