"With this, we are making changes today that will result in the reduction of our overall workforce in Q4 by fewer than 4,000 jobs, representing less than 5 percent of our total employee base."
Basically, he's saying it's just 4k jobs, no biggie. He doesn't give a damn that so many families are about to lose their livelihood. It's less than 5 percent, so it's all good. Just a small nuisance, nothing else.