The crowd that is staying are much more focused on squeezing costs, filling buildings no one else can fill.
The cuts will not affect flight operations, he said, but the airline is considering reducing flights to certain cities to squeeze costs further.
But by aggressively squeezing costs, the company produced a 6.3 percent gain in after-tax profits from continuing operations.
The contractors often submitted low bids and then violated wage and other laws to squeeze costs, helping to create sweatshops.
Wal-Mart's prices are about 14 percent lower than other groceries' because the company is aggressive about squeezing costs, including labor costs.
It is pouring money into that division as it squeezes costs out of the others.
By offering more services and still reducing overall spending, the plan thus aims to squeeze actual costs by at least 15 percent.
And, it is looking at outsourcing, partnerships and various consolidations of operations to squeeze costs out of its manufacturing processes.
It has since handled the change by squeezing costs, revamping management, and relying on cheap labor and new technology.
It also says it has saved consumers billions of dollars by squeezing costs.