From today's Earnings Call, Scott's (Chuck's bïtch):
"[layoffs] is not about cost savings; so the answer is yes, it's embedded in the [next fiscal year] Guidance; but it's much more about finding efficiencies across the Company, so that we can pivot more resources (much like we did last year) into the fastest-growth areas within the Company, which are pivoting more into AI, pivoting more into"The Cloud" and pivoting more into Cybersecurity. So think about it more like "reallocating" versus being in pursuit of cost-savings.".
7%, so about 6k people being laid off.
Meraki is safe, Splunk is safe.
AppD is completely culled, CX is cut in half.