TED74

I'm talking about the expansion of the bottom of our seniority list. In the last four years we hired way more than replacement rate and added perhaps 2,500 to our rolls. It seems that expansion is slowing and we're likely to hire essentially for attrition. We're also becoming increasingly efficient, which will further limit any hiring beyond attrition (e.g., fewer vacation days, fewer sick hours, Carmen optimization window expansion, ARCOS implementation, etc.).