Re: Evryone is doing well
I don't know of a company in the world that does not refresh its workforce. Even the smaller companies do but you don' hear about it because, well, it's not interesting.
Having said that, nowhere in the conference call he even hinted to more cuts whereas in prior calls this was blatantly evident.
They can still cut costs, but cutting costs doesn't mean cutting employees. This company went from close to 300k employees to less than 50k (mainly by selling businesses). It's like losing 83% of your weight but still wear your old clothes! Cost cutting means fixing processes that are no longer applicable to the size of this company.