“When we gave guidance for the year, we expect it to be at around that same level or slightly below from prior year.”

In context

“the type and magnitude of severance that you might book in the second so we can kind of understand also some of that future, like you said, you know, to get future efficiencies. Right? Is it help us understand, like, how bulky that might be in terms of, being run rate of your. Thanks. Gonzalo Luchetti: Yes. No. Thank you. While we may not provide exact guidance on what we expect from second half of severance, let me recap a little bit what we had said and the position that we are in now. So the first quarter was about $500 million The second quarter just now is another $300 million for an $800 million year to date You are kind of seeing the acceleration of those actions play through in the headcount You see it there on slide 5. And then to recap last year, it was about $800 million also. When we gave guidance for the year, we expect it to be at around that same level or slightly below from prior year. Obviously, sitting here now and to the point that Jane and I were making, we will still be open minded about the second half if we see opportunities If I anchor it back to what we said a couple of months ago at Investor Day, remember, what I said about structural efficiencies to help fund those investments that we wanna make over the near term. Are anchored in 3 legs. Right? Leg number 1 is stranded cost, and you are seeing those already come down from $1.3 billion a year ago to about a run rate of $800 million if you look at our second quarter numbers. for $200 million that you can annualize. We talked about transformation cost and Jane just mentioned that. As we reach completion of the programs, we are taking action on the portion of the transformation cost that is temporary. That sits”