's parent company is aiming to cut expenses by at least 10 percent over the next few months by reducing staff and reorganizing departments, days after it was announced CEO has lost $71 billion dollars this year. The company has been able to push out a number of staffers by reshuffling its departments and giving employees who are affected a 30 day window to apply for other roles in the company.The process allows the company to reduce the cost of employees while avoiding the issuance of pink slips as it weighs options going forward.
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