Mobile network operator Telkom has said it will begin a formal retrenchment process that will see it layoff as much as 15% of its workforce as it casts a sharp focus on cost savings initiatives.

Source: https://www.citizen.co.za/business/telkom-to-retrench-15-of-staff/

The headwinds to growth that would likely accompany fiscal retrenchment are a further source of reluctance.

Source: https://www.ft.com/content/12b6d148-d9a6-4439-a0e8-6fa609c791bd

These include retraining workers who face retrenchment, and developing supply chains that give opportunities to small, micro and medium enterprises.

Source: https://allafrica.com/stories/202304050093.html

When most South Africans leave a job due to retrenchment, termination, or resignation, they typically withdraw their retirement savings instead of transferring it to a new employer or putting it in a preservation fund.

Source: https://www.citizen.co.za/business/personal-finance/what-two-pot-retirement-systemsavings/

Would you expect that magnitude of retrenchment in the first-half of fiscal '24 for our modeling?

Source: https://seekingalpha.com/article/4652813-j-and-j-snack-foods-corp-jjsf-q4-2023-earnings-call-transcript?source=feed_all_articles