WFT reported yesterday that they have eliminated 56% of the scheduled layoffs and that all other positions to be done away with have been identified with names attached to them.
Partly as a result, WFT stocks rose sharply. Wow. People are losing their jobs left and right and the most important thing appears to be stock prices.
An HR person told me that all the layoffs had been done except for a few. They still have at least 2300 to go as well as closing about 30 shops and offices as well as divesting another 750 million dollars worth of business to concentrate on "core" businesses. At the same time, they are moving the Swiss headquarters to Ireland because of limitations on executive pay.
I was an idiot to believe her and my managers who said that I was safe.