I’m suspicious about the impact of these measures for a few reasons: voluntary departures come with severance; government retirement plans often require funding out of general revenue so early retirement just means more losses to cover; many eliminated jobs are potential positions as opposed to actual ones, and the timeline is an entire decade.
He said the company will use “attrition first” to downsize from the roughly 62,000 people it employed at the end of last year.
The company expects to shed 16,000 employees through retirement or voluntary departures by 2030, with an additional 14,000 leaving by 2035.


