The company stated on the US Securities and Exchange Commission (SEC) website that the measures aim to reorganize the team structure to match long-term growth projects and profitability goals more effectively.
The layoffs are expected to cost between $63 million and $68 million.
At the conclusion of 2023, the corporation employed 2,693,000 individuals.
In the previous spring, the company revealed plans to let go of 500 workers (approximately 16% of its workforce back then) due to the onset of the ‘era of artificial intelligence’.
source: ft.com
