the cost savings won't come through until next year as 1Q24 was...

the cost savings won't come through until next year as 1Q24 was a normal quarter, 2Q24 will be when they have to pay out the redundancies, and so you are only likely to see any 'savings' come through in 3Q24 (as they indicated in the announcement).

whether they can hang on to the clients and those revenues with the cuts they are doing is a whole different question........perhaps they can, but I'm sure clients will be nervous to loose any application they are reliant on and certainly any development they expect (so the cuts need to be very very targeted.......Karl in charge of 'growth' should be an easy cut, but the fact it was not mentioned in the announcement may point to that not happening)