Ge Long Hui A P P·2025-11-13 01:29Core Viewpoint - New Thinking Technology plans to lay off approximately 10% of its workforce, affecting around 2,000 employees, with an expected pre-tax cost of $300 million to $350 million related to severance and other one-time termination benefits, as well as costs associated with the closure of certain operational sites [1] Summary by Category - Layoff Details - The company will reduce its workforce by about 10%, impacting approximately 2,000 employees [1] - Financial Implications - The expected pre-tax costs associated with the layoffs are estimated to be between $300 million and $350 million, which includes severance pay and other one-time termination benefits [1] - Timeline for Restructuring - Most layoffs are anticipated to be completed by the end of the fiscal year 2026, with the restructuring plan expected to be largely finalized by the end of fiscal year 2027 [1]