That’s PR speak for “our leadership has messed up big time and this was the most convenient excuse we could come up with that doesn’t just throw our C-suite in front of the bus.”
Earnings call is this week. Expect some good tap dancing.
Yes. Next earnings release is October 30, 2025 and this is to allow them to hit the numbers.
Is going to be lovely to see how they spin this as AI optimization ....
If the stats don't lie, they hired ~500k employees in 2020 alone, and nearly doubled their workforce between 2019 and 2021...
And they perviously laid off 27K in 2022 because of "pandemic overhiring". I wouldn't be surprised if in a decade from now they will still be laying off because of the "pandemic overhiring"
The corp speak is free when their is no exec accountability. The beatings will continue till the stock performance improves.