https://staging.qna.cloud/assaabloy/en-USTelligent Community 13 Non-Productionhttps://staging.qna.cloud/assaabloy/f/meeting-room/154653/progress-of-cfo-on-reengineering-the-cost-structureMon, 29 Jun 2026 18:46:00 GMTe79f1d60-8cfe-4c2e-afad-d728c83c0cd3:9f6991dc-740e-4692-9725-7462064e8678QnATest BuysiderA question re the CFO - she is now into year two of durably reengineering the cost structure. Can you help us assess progress so far? And are there any guideposts that we should be thinking about going forward?Sample Datahttps://staging.qna.cloud/assaabloy/f/meeting-room/154653/progress-of-cfo-on-reengineering-the-cost-structure/153602Mon, 29 Jun 2026 18:46:00 GMTe79f1d60-8cfe-4c2e-afad-d728c83c0cd3:aedadd99-637f-4f09-b79d-fd4511019334QnATest CorporateWe are very focused on removing layers to simplify execution and drive velocity. The combination of those two, product prioritization and organizational design work, has resulted in the slower pace of hiring. You can see that in our head count numbers down year-on-year. You can see it in some of the results that we delivered in the fourth quarter. At this point in the quarter, we do estimate that severance-related expense will be roughly $700 million in the first quarter, as we've continued these efforts.Sample Datahttps://staging.qna.cloud/assaabloy/Tue, 09 Jun 2026 06:54:00 GMTe79f1d60-8cfe-4c2e-afad-d728c83c0cd3:25dffc6c-c5c1-4bdf-9b5e-d0611b431eaehttps://staging.qna.cloud/assaabloy/f/meeting-roomTue, 09 Jun 2026 06:54:00 GMTe79f1d60-8cfe-4c2e-afad-d728c83c0cd3:e249e646-8449-41b6-a369-d0325325dc03Questions from the buyside. Answers from corporate managers. Just like in a conference 1x1 meeting.