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The job-loss saving won't have kicked in yet, and though "Wadders" has gone, much of the profit/turnover increase will be down to what he and others had put in place BEFORE they left - including the signing of Coldplay, whose album assisted in providing the additional revenue/profit.
These profits are only a very short-term effect. The picture will change soon, if the (direct and indirect) costs of the downsizing are included in the numbers.