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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$36.94 |
Change
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Mkt cap ! $113.6B | |||
| Open | High | Low | Value | Volume |
| $37.08 | $37.29 | $36.88 | $167.7M | 4.533M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 445 | $36.92 |
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| Price($) | Vol. | No. |
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| $36.97 | 11870 | 1 |
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| NAB (ASX) Chart |