Part 2/10:
Darren pointed out that, based on typical industry trajectories, the company should now have around 7,000 to 8,000 full-time employees (FTEs), but it is instead reducing its workforce from 10,000 to 6,000. Most of this reduction, he argued, stems from tackling overbloat and mismanaged expenses, with only a small portion—about 1,000 FTEs—likely linked to efficiencies driven by artificial intelligence (AI).