Seems to me the only logical explanation for the cutting in this degree is that they want to sell the company off and are cutting cost in that sense. If that was the case why don't they announce the potential seloff. The fact is that the company can’t survive in this form alone.
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No sale EVER. Going down to 35K workers at the speed of light as Charlie drops unprofitable business low margin business and expensive labor. A LOOOOTTTT MORE PAIN COMING.
To sell they need a buyer.. and it also depends on what peice of the pie the buyer is interested in..
I wouldn't pay $1. They need allot of paint if they want people to believe this is a new barn.
Buffet may sell his stake.. watch out shazaam **
nope. not gonna happen.
Companies rarely announce “hey we are for sale, make an offer!”. The word goes out to potential buyers through investment bankers and CEO/board directly to CEO/board. That way the lemmings don’t jump ship too soon.