#company

With US Bank shipping off 5-10k jobs oversees, and a $250 million investment in India instead of Minnesota, you'd think Star Tribune would think that is newsworthy.

Insanity is doing the same thing over and over and expecting different results.
This is the umpteenth round of layoffs and every time they sell us a story that this time it will be different. This is like a cheating spouse tell their partner they won’t cheat the next time.
When will they learn that the issue is not the employees but the leaders who make the decisions and put us in this spot.
Can’t even quit cos the stock is in the toilet and all the last few years stock options isn’t worth jack!
How…just how??

Source: my director

What’s up with the CEO? He’s been on LOA for a while now. Is he coming back? What happened?

Walt Disney Company is set to restructure its television operations. This significant change is expected to result in hundreds of job cuts. The company is undertaking this initiative to streamline its media and entertainment divisions. Further details regarding the specific roles affected are anticipated. This move signals a strategic shift in Disney's television business.

https://finance.yahoo.com/markets/stocks/articles/market-chatter-disney-plans-tv-202035438.html

Future PLC has terminated the remaining six employees at Android Central. The technology website continues to publish content, but its future is uncertain. This move follows previous staff reductions and a general decline in website traffic. Falling revenue, partly attributed to AI chatbots, is impacting the company. Future PLC aims to reduce its debt.

London, England

https://cybernews.com/news/android-central-layoffs/

How can you move to PACE when it’s so obvious everyone will turn that into “you need a PACEMAKER”? Bad PR move.

I realize that there was never going to be a great name with all of the various pieces, but no one I know knows what Skydance is. I guess I shouldn't be surprised that the narcissist nepo baby went with the name of his company but I'm surprised that there aren't more adults in the room to talk him out of doing a d-mb.

Substitute Dana Walden and Disney for anyone from Comcast's SLT and it's the same BS:

https://www.reddit.com/r/Fauxmoi/comments/1wvmi56/lucas_shaw_at_bloomberg_asks_disney_president/

Women’s bball shoes are not going to get teens wearing our products again
Shipping jobs to India are not going to get teens wearing our products again
Running shoes are not going to get teens wearing our products again
Skims are not going to get teens wearing our products again
Acg is not going to get teens wearing our products again
Hiring million dollar vp’s is not going to get teens wearing our products again

Any new insight on where potential new sites might be located? Have heard rumors of Warwick, RI as a new space for Smithfield, any others?

Grab a spot at JBS to witness the first ever lap around the lake in the buff. I am all set ....

I'm convinced that the top executives get some kind of curated list of the feedback that is written here.

I saw several complaints in this site that "there is no long-term plan". Maybe there is, maybe there isn't... but now EH is claiming there is one. He specifically quoted we "are not reacting quarter to quarter". It's the first time in a while I see a narrative like this.

Time to write something constructive. Don't say "fire department X"... now is not the time to point fingers at colleagues. They are still probably figuring out what to actually do, what will turn the ship.

I just wish we got one that makes a bit more sense than this mess.

Who else is excited to hear the emperor with no clothes sell us a full assortment during the all hands that is about to start?

Wait three years to drop a signature shoe for possibly your highest potential signature athlete in your stable.

When you finally drop it, you drop it on the day that she gets eliminated from the playoffs

And even worse, the headlines for your company are dominated by your incompetence so guess what no one is talking about.. hint… rhymes with Baitlin Bark Boos

This team can’t win now, later or ever.

and he said, I don't know but I know that WW4 will be fought with sticks and stones.

I know what year 2 of the EH's leadership was like. I don't know what he will do in year 3 but if he is still with the company on year 4 then I know we will be working on a big tent with electricity produced by a Caterpillar generator.

Given everything that’s happened recently, does anyone know how promotions and compensation increases will work this year? Has there been any communication on when these conversations will happen?

AT&T Inc. is reducing its office footprint and requiring managers to show up in person at least three days a week, a move that could prompt some people to quit, Chief Executive Officer John Stankey said in an interview with Matt Miller on Bloomberg Radio.
The largest US telecommunications company, which has operations in all 50 states, will consolidate into nine core offices with two main hubs in Dallas and Atlanta. The other locations are Los Angeles; Seattle; Washington; San Ramon, California; St. Louis and two New Jersey locations Middletown and Bedminster.
The return-to-office mandate, which starts in July in Dallas and Atlanta and will be implemented everywhere else by Sept. 4, will apply to more than 60,000 managers. Stankey said that 85% of those people live near one of the offices. As for the remaining 15%, "many will make decisions that are appropriate to their lives," he said. "If they want to be a part of building a great culture and environment they'll come along on these adjustments and changes.
Others may decide, given the station of life they are in, that they want to move in a different direction.

Somebody mentioned this in another thread, what does that mean exactly? Is it unannounced layoffs? Or something else?

Stop crying, people. If you own the stock in the 401. You are getting a bonus with warrants.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0002041610/000110465926113076/tm2626659d3_8k.htm

really? Another distraction from doing the primary job of running the firm. Never has there been a MP more focused on playing chess for their own next act than focusing on the job at hand.

Who are these tools posting about how they aren’t quitting ExxonMobil? Posts made to look like they are leaving until you read to the end of the post. Crazy that so many people are quitting that the boot li---rs feel compelled to make posts like this about how they aren’t leaving because everything is so awesome..

Nike is initiating a significant four-year restructuring plan aimed at achieving $2.5 billion in cost savings. This initiative, named "Pace," will involve trimming the company's size and reorganizing its global operations. Layoffs are expected to commence in calendar year 2027 as part of these efforts. The company's financial performance has been impacted by declining sales and strategic shifts. Nike aims to revitalize its business through these comprehensive changes.

https://www.sportico.com/business/commerce/2026/nike-earnings-revenue-stock-price-1234946372/

Always a good sign!!!

Now it's a-s kissing. Kiss the right behinds, and you'll end up higher than any of the hard workers can even dream of. What a joke of a company OT is now.

https://www.marketscreener.com/news/comcast-s-nbcuniversal-cuts-streaming-technology-jobs-ce785ddada81fe22

Are layoffs over? Did not hear anything for a while. Some countries apparently not impacted at all? (Czech)

They have now moved into the space of sc--wing up the Portland housing market! Finding irony in the fact she can’t sell her house!

The WBD folks don't seem to use their page as frequently as we do. When do we initiate them in our ways?
https://www.thelayoff.com/time-warner

I see someone has already spread the Caribbean employee gag on the most recent post

Confirmed with senior leadership. 15% reduction company wide some time end of year, which likely equates to about 12K

So I’m seeing BT offering roles to oversee the JV and individuals from BT announcing they’re working on it but radio silence in Verizon… no roles being advertised, nobody being appointed. Doesn’t look like a joint venture it looks like a takeover. I doubt anyone from BT is going to understand VRD or what’s going on under the hood….

Anyone know what the official process is for voluntary rif and has it worked in their favour?

Foghorn Therapeutics is significantly reducing its workforce by nearly half. This decision comes after the company terminated its dr-g development partnership with Eli Lilly. The biotech firm is now focused on conserving its financial resources. This move indicates a shift towards a more defensive operational strategy. The partnership's dissolution is the primary driver for these substantial layoffs.

Cambridge, MA

https://www.barrons.com/articles/foghorn-therapeutics-stock-lilly-cancer-job-cuts-d43e6a0f

Does this mean we will be split up ? Any news ?

And then when things first started to go south, waiting it out, hoping things would improve. Ouch.

Is that the latest cost-cutting strategy?