#badleadership

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Happy holidays! a message from Don Hendricks

Well, 2025 is almost over and Belk has survived another year ! It’s amazing how we can keep cutting, year after year, and everything seems to just function fine. well, ok not fine, but belk is still operating! Soon we will have no employees working at all, we are now thinking of using chimpanzees in place of human beings, what do to all think? I think it’s a winning idea !!!
2026 should be a year of dramatic cuts.. first I would like to have absolutely no visual merchandising standards in stores. I have the brilliant idea of throwing all merchandise inside of large bins and let all customers fight over it. Kind of like a scavenger hunt? What do you think? As far as benefits and pay increases are concerned, I want to cut cut cut cut cut…..let’s offer the standard 2% raise, but then cut paid time off even more! What a brilliant idea! Here I am babbling on and on.. as far as Belk’s top brass is concerned, it’s been a great year!, six and seven figure salaries, top tier benefits, bonuses and lots of perks, I hope everyone will enjoy their store meals on Black Friday! Don’t forget to keep the cost under $9.99 per person!!!! Deli meat, cr--kers, and Kool Aid should be in the menu! gobble gobble, kluck, kluck…

Hugs and Kisses,
Donnie


Done with Verizon

These layoffs made a lot of things clearer for me, but the biggest thing is that I really don't want to stay here any longer than I absolutely have to. I'm already looking and once I find something, even if it means taking a pay cut, I'm gone because this whole process showed exactly how little thought went into how any of us were treated. Verizon handled this in the worst way imaginable and I have no interest in being around when they repeat the same cycle, because we all know it's only a matter of time before it happens again.


Very unfair and evil decisions in some rigeons

Though Verizon was one of the dream company to work for but like many of us I thought the same, worked there for more than 14 years and gave it all. Weekend work and a tons of after hours work to make our customers happy. The company literally took 2 minutes to make me a stranger. On the good side Verizon Underpays you and I realized it more when this VZ bubble broke, I realized how much I am worth of.
In some places very poor decisions were made where poor performers were kept since they were friends with the bosses and good performers were let go just because thier focus to make the best network and $u-k up to the boss or bosses boss.
In the end Im grateful to what I got but excited for the new chapter since it will pay much more than this $hitty company was paying
Request to higher ups to please review certain regions and ask why poor performers were kept when they had multiple HR complaints against them and failed in thier previous roles, friendships/ favouritism?


Goodby and good riddance

I have been at Optum for 8 years. I love my team. I had a really great Manager until they brought in a Design guy who was some influencer. This dude was an a-s clown.. The problem was not him, it was leadership above him. They wanted to bring in someone who would “shake things up”.. Well, they did. He was a train wreck. Since then things have gone down hill. Our leadership acts and has the intelligence of a JV squad at a community college. They make cr-p decisions, they tell us to embrace AI and then don't give us money to get tools that use AI. We are led by fools and mo--ns. I have been waiting for this RIF for at least a year. Happy it is finally here. I no longer need to worry if it is gonna happen to me or when. I wish all the employees well, I wish leadership to get a clue. Last person off site.. Make sure to turn off the lights (or get someone from India to do it). After all… Thats where all the work is going.. Bye for now :-)


Deeply disappointing leadership within TransUnion

The way the company is being run is unsustainable and frankly, deeply disappointing. Chris Cartwright has 100% bought into this ba----dized form of capitalism in America where shareholder value is the benchmark of success and nothing more.

There is no concern or respect for the employees, the single concern is profit and profit margin, but only for shareholders.

We continue layoffs despite being highly profitable and overachieving in regard to our forecast. We continue to have our resources and tools stripped away in attempts to save cost. The expectation then falls to the remaining employees to do more with less. The real economy (food prices, healthcare costs, childcare) is in recession due to rapid inflation and heading toward depression, yet employee pay has not even remotely kept up with rising real life costs.

Additionally, we are currently launching a platform for fraud prevention that is embarrassingly underdeveloped due to a lack of resources in software, developers, and engineers. This project is being spearheaded by an Advisor who is so blinded by career ambition that their lazer focus is on getting the product launched, so that they can receive the accolades and career advancement that comes with such success, but this Advisor seems unable to see that they are driving the launch of a product that is simply not ready to face customers. This lack of foresight is common here and I believe it’s because those affected are the boots on the ground employees who’s workloads and expectations continue to rise, but those in managerial or advisor positions do not have to feel the day-to-day impact of this approach.

To continue, every idea comes from the top down. The voices of the frontline employees are often ignored. Live training is avoided at all costs, even when it is explicitly requested or the need expressed. In fact, employees are often condescended to with responses like, “we encourage you to be more proactive in your training” and explore other resources such as a wiki page; suggesting that as if it weren’t a grossly false equivalency. In addition, the responsibility is placed on frontline level employees to document and log every single action that that is taken. There seems to have been very minimal effort on the part of management to figure out and implement a way to track employee productivity that is more comprehensive than insisting that their employees take the time and effort to not only do the work, but then log their work so that management doesn’t have to take the time and energy to do so. All of this despite a strong push for increased efficiency. Does no one in leadership or management see how this looks to the average employee? It is so ridiculous that it’s laughable—and believe me, employees are laughing amongst one another because it’s either that or cry.

Moreover, the current climate in this country has not adequately been addressed by TransUnion leadership or HR. There are ICE body snatchers out in this country, the epicenter of which is Chicago at the moment, and the silence from this organization is deafening. Violence is occurring in this company’s front yard, but not one individual in leadership has had the courage to acknowledge it; no emails with resources for what employees should do should they be illegally detained, No support for our colleagues who may be targeted simply for how they look, nothing.

Cartwright and Venkat are displaying for every employee how ethically and morally bankrupt this organization is with the two of them at the helm.

It’s embarrassing and it is despicable.


Do you think Dan reads this board?

I’m wondering…

How does he feel about his nickname? Dan the Hatchet Man? I wouldn’t be surprised if he actually likes it.

How does it feel to cause such intense pain and misery to 13,000 individuals, multipled by 3 or 5 when you take into account, the family members of those who have been laid off?


Reminder to those that need one!!

For all those that need a reminder, while FB and his merry band of c-suite minions were making money off your backs and fluffing investors , they were demanding you badge swipe 5 days a week or lose your job, do 9 hrs not 8:58 or lose your job, work excessive overtime or lose your job, make sure you are on your computer for 8 hrs or lose your job, move or lose your job, get a jab or lose your job, cut bonuses two years in a row while collecting their fat bonuses, slapped each other on the back for doing so well in Argentina while the people suffered with sky high inflation, do the job of 3 people or lose your job. They use you while they collect millions for doing a horrible job. We were running a company!! No you weren’t it was a smoke and mirrors so they could get richer. The BOD is complicit as well. Useless group. Got it!! Stop caring and live free.


Happy Holidays

Hi Folks

Thanks for all your hard work and efforts through the year, without you we would be nowhere. I meant even without paying you were still in business.

I know your complaining about the pay, and last minute holiday debacle but the HR women isnt upto it, still we got her an award, we know where to spend the money.

Us execs are doing are last flights and free trips, i meant holidays, around the world for this year. Phew clocked up some points.

Ignore the ten 10 other happy holidays emails your going to get as were spending your money.

Best wishes R & Cam


Poor Execution

Good luck, Dan, trying to dazzle customers and grow the customer base—you can’t even take care of your internal customers! I still can’t access the severance portal, even after HR intervention. At this point, it’s laughable. Once again, Verizon fails to execute anything correctly.


Funny

Funny how Dan S couldn’t wait to send his email to lay 13k people off. Sent it at 7 am. Well it’s 8 am the next day and we still don’t know which execs, vps, sds and ads got laid off. He laid off all the people that do the actual work but kept all the people who just go to meetings to wag their fingers. Good luck turning this company around with people who don’t want to do a lick of work


Sad to see what's become of a once great company

You can't help but wonder why a once great company would purposely hire a corrupt and incompetent CEO knowing that he completely destroyed the previous company from which he came. What's worse, is that thanks to his gross ineptitude, well over 30,000 (and counting) good, hardworking, tenured employees got sc--wed over during his reign. Meanwhile, he gets rewarded and gets to walk away with a 40 million dollar golden parachute fot it. It's criminal.


We can’t replace these jobs

In October the U.S. saw more layoffs in one month than any month in the last 20 years. Now another 13k, there are no companies hiring we are out of a job and right before the holidays and a massive Great Depression hits. This is so much worse than many think, there won’t be enough jobs out there for all of us. I just lost my insurance, I am fu---d
This is heartless and I was laid off on a fu--ing mistake. I was not bottom 5%, I was a top performer I did not deserve this at fu--ing all. This is bullsh-t. The CEO gets 20 million fu--ing dollars and lays us off before the holidays. Fu-k this company.


GNT cuts - network team

I got cut and I’m super upset. I was recognized numerous times and was a top performer… and truth be told, I REALLY loved my job and what I did. Loved my market team. Just truly su-ks.. I know cuts are still being made… the way they did this RIF was so unprofessional and unhealthy. I’ve been sick since last week stressing about everything! Hopefully the future holds something better! Good luck everyone!


As an outsider looking in...

I have to say, the leadership at Verizon has done some UTTERLY stupid things. Yet nothing happens to them... For example this Frontier debacle. Buy Yahoo/AOL? Really? Blue Jeans? No one even knows that that is? Why buy Blue Jeans when Zoom, MS Teams, and Google Chat were already well established? Just d-mb...

Really bad decisions and the employees are left with the fallout. Mr. Hans gets his golden parachute... just like those before him.

Dan is simply using Elon's model of slash and cut (e.g. Twitter/X). The problem that Dan doesn't understand is that an application only has so many facets. A network the size of Verizon is extremely complicated and can't be compared to a phone App, but he doesn't care. He's a short-timer.

Best of luck to you people. The job market is good if you live in Texas. If you don't, it is more challenging. You'll find something but maybe not at the pay you're currently making.


THERE IS LIFE AFTER VERIZON

Heard about the big rif coming...
The company is sinking, and they are doing whatever they can to save the investors.

Keep in mind.

Your manager does not care as long as its not them
The company does not care, you are a number.
You will find something else, and be much happier.
The company is NOT what it once was, greed and horrible management along with the BS surrounding the whole COVID and WFH was the icing on the cake.
Hans ruined Erickson, did the same to VZ
Stores are useless....and a total waste of money.

If you were smart, you took advantage of the education allowance and got a degree or did training on their dime to enhance your knowledge to take it somewhere else.

good luck, you'll be fine


Net earnings of $19b isn't enough?

It's all about bumping the stock so the execs get their "rewards"

Given hatchet man has been on the board for 7yrs he deserves as much "credit" for the stupid cr-p that's gone on than anybody.

Now he comes to save the day? It's all about the Benjamins, hatchet and his buddies will make serious bank while many people have their lives close to being ruined.

Good luck to all getting the "hatchet" on Thursday.


Discounts / cyber week

Have you seen the discounts on Nike.com? Earlier than usually with higher discounts than ever. Pinnacle product like alphafly 3 and new introductions like Metcon are offered there in a way that it hurts to see. That together with the removal of wellness week and 4 week work from abroad shows that Nike is on a bad trajectory , worse than anticipated.


CEO takes bad loans for board

..cant pay them back.
Lays off 600+ so far to print artificial money.
Outsources IT to TCS with sub-par knowledge, skillsets, and abilities.
The organization eats the people that made it great, rewards and protects thr managerial, director, and vp branches. - hires a buzzword artist that has ties to Indian based TCS.. and guts the company just like he did at Shell.
The bowl is swirling.
Firesale is imminent.
Wouldn't doubt there being a SEC investigation or two in the future.


Weak Leaders Playbook

When I first entered this industry decades ago I was told by a fellow associate who had been in the industry for decades themselves this is how leaders who are insecure operate. In my decades in the industry I have seen this first hand for myself to know my former fellow associate was correct. I feel this is playing out again at Edward Jones right before my eyes again. Weak leaders who are insecure about their own abilities come in and make drastic changes in order to justify their existence. Many times they are handed companies who are in great positions even making record net income (sound familiar?). I was at a company that had a leadership change. The new leadership came in from another larger company. When they took over we had a conference call. The new leadership said they were implementing this plan that did not work at their former larger company. They admitted they made mistakes, but assured us they had learned from their mistakes and were not going to make the same mistakes at our company. In the meantime they shut down our department and I was laid off. Nine months later I received a call saying they were getting the old band back together and asking if I wanted to come back. Some people went back, but most people including myself had moved on and never looked back. The leadership at this company made drastic changes, severely disrupted thousands of lives, and in the end nothing really changed. The company is still positioned in the same spot as they were before these drastic changes. Then new leadership comes in again and many times they change policy back to the original plan in order to make changes for the sake of making change in order to justify their own existence. Penny was handed a great company in a great spot. She just could not help herself. Here we go again. Let's bring in Chubak who laid thousands off at Citi and now Citi has already reversed many of his decisions. DC has been proven to be a failed leader and Penny has hitched her wagon to him. By the time Penny is done with this firm she will have spent millions of dollars and disrupted thousands of people's lives and the company will be in the same position as when she took over. Look at our past few managing partners. They stood by the firm's long tested and tried policies and we saw significant slow and steady growth to put us in the best situation we have ever been in. Even Penny has said these drastic changes are being made from a position of strength not weakness. There is an old saying in investing and business. It goes, "Bulls make money, bears make money, but pigs get sla-ghtered. Don't be hoggish." There is even a sign in the West entrance of the South St. Louis Campus that says, "Buy and hold". Make sure you make your money, but don't get greedy. These are the tenants that got this firm to where it is today. Slow and steady growth. A stable ship led with a stable hand. Think of JW navigating a horrible 2008 economy. The firm came out of 2008 better than when we went in. Penny is being greedy. She is burning many associates and she is going to get burnt herself.


Too many bosses and not enough real work

I left PepsiCo place because it felt like managers outnumbered the people actually doing the job. Meetings were packed with folks who barely contributed while a handful carried the load. It was all title collecting and empire building with no real value added. Watching layers pile up while workers got nothing in return was exhausting. I see very little has changed in the years since I left. I hope leadership eventually wakes up and fixes the mess.


Verizon turned their back on the core bread and butter

So no they are not laying off field techs .Infact they are actually Hiring like crazy .The reality is that long ago the company 1 focus turned solely to wireless which we all knew was not gonna be forever.All while turning their back on the back bone bread and butter of wireline that fed their cell towers served their longtime customers towns buisness. This also was bad for wireless since if you been beaten up and abused by a company on wireline you be your not gonna go buy a wireless plan from them.Next they spent more money and time on hiring Managers upon managers to waste time trying to micromanage the people actually doing the work everyday .We now have brand that’s been beaten down has a bad look.Too much management most of who know nothing .All managing a smaller work force with less customers .Hence Layoffs