"Gross profit" as seen on financial sheet doesn't work the way you might think it does, particularly for services companies. A positive gross profit doesn't imply a positive net income (i.e. that the company as a whole is making money instead of losing it). E.g. if you look at page 10 of that document you can see their total costs far exceed their total revenue it's just not all those costs are associated with making the revenue. https://www.investopedia.com/ask/answers/101314/what-are-dif...
So while the 700M statement is true in financial speak it's not true in the way you're impyling it i.e. it's not profit leftover they could be paying out instead it's just a certain financial measure in a company that overall is losing money pretty hard. Likely feeding into this reduction of corporate headcount to be honest.
So while the 700M statement is true in financial speak it's not true in the way you're impyling it i.e. it's not profit leftover they could be paying out instead it's just a certain financial measure in a company that overall is losing money pretty hard. Likely feeding into this reduction of corporate headcount to be honest.