Yes but if cuts are made it matters where and how they are made. Hypothetically a company might be a butter ball with 90% fat and still choose to cut productive employees due to office politics, incompetence, or oversight. However its done at a company the size of NAB its unlikely to be perfect.
News: NAB National Australia Bank Says 4,000 People Will Leave Bank Over Next Two Years, page-6
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$36.23 |
Change
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Mkt cap ! $112.2B | |||
| Open | High | Low | Value | Volume |
| $36.26 | $36.44 | $36.07 | $152.6M | 4.216M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3369 | $36.22 |
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| Price($) | Vol. | No. |
|---|---|---|
| $36.23 | 9815 | 2 |
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| NAB (ASX) Chart |