#company

Link: https://www.youtube.com/watch?v=V-I3QAckLjI

What should I expect?

Former happy Cengager checking in to see what’s happening in Loserville.

Get out and let Cengage burn.

There is more money and better cultures out here.

Good luck

It didn't look like it on the all hands, lots of red but we will get there they say

https://fortune.com/2026/05/19/bolt-ceo-ryan-breslow-cut-hr-department-causing-problems-fintech-startup-turn-around/

Or will this continue throughout the week?

Will see what are the announcements later today but from emails and news, big changes, hopefully for the better, but I expect big cuts as well coming soon..

Good luck to everyone out there!

West should be running XBS. Leadership better in the west.

Shyam org got a big hit

Our leadership is now looking at productivity in our org (Berry, planning ahead for something?

The Covid hired managers (not talking about race, just those who can’t keep up and were obnoxious while they had the Covid protections) have been so stressed in the office.

It’s been too long for them to still be stressed from the RTO announcement. Anyone know what management has going on?

Any thoughts ? Are we hiring and returning to growth

While not totally indicative, Glassdoor rankings of CEOs are used by Elliott and others in assessing how real employees feel about CEOs and their performance. Looking at Glassdoor, here is how Phillips 66 stacks up in the industry regarding approval rating, senior management rating, and the other number is would employees recommend to a friend:

CEO approval rating / Senior Management Rating (out of 5) / Would Recommend Company to a Friend (%)

Phillips: 56% / 2.8 / 63%
Valero: 71% / 3.6 / 80%
Marathon: 77% / 3.5 / 76%
PBF: 50% / 3.0 / 60%
HollyFrontier: 77% / 2.8 / 61%
Enterprise Products: 83% / 3.6 / 75%
Williams: 85% / 3.2 / 66%
Targa: 87% / 3.8 / 75%
LyondellBasell: 60% / 3.2 / 66%
Dow: 67% / 3.4 / 73%

Notice anything? PSX is PBF and HollyFrontier. Let’s stop pretending.

Surprisingly the share is +10€ today
Anybody knows the reason ?

Sell or Wait ?

If you are affected please post your org and years of service

Standard Chartered Bank plans to cut approximately 7,800 back-office jobs. These reductions will affect over 15% of its back-office roles by 2030. CEO Bill Winters described this as replacing human capital with financial investment. This is part of a new strategy focusing on affluent Chinese customers. The bank also targets higher non-interest income and an 18% return on equity.

https://www.moomoo.com/news/post/70217825/ai-impacts-banking-jobs-standard-chartered-announces-8000-layoffs

Sounds like management is going to start up dr-g testing everyone again to find out who’s using, since all their sellers EOI’d

I wonder how he feels now that FT took CS back and will likely take everything else back. I remember that he was preaching this as a huge opportunity and saying that it will be great. Well...

Just saying.

Over 5,100 workers faced layoffs across the U.S. supply chain sector. These job cuts affected logistics, manufacturing, and transportation companies. Major employers like FreshRealm, GEODIS, Ryder, and DSV announced significant reductions. Reasons included restructuring, contract losses, and softening industrial demand. Layoffs spanned at least 20 states, impacting various facility types.

https://finance.yahoo.com/economy/articles/more-5-100-freight-related-110000455.html

Training on going. We all saw this coming. Hope everyone is safe tomorrow.

Strap in. Turbulance ahead

Nobody around me has been notified yet.

WOW !!!

People here were saying ISG was supposed to take hits today. What happened?

Anyone from ireland here? Were u guys affected by the layoffs?

I wrote this poem when I got made redundant from Verizon in November 2015. Still relevant today.

It Was my Final Day – The Bard of Verizon

It was my final day.
I looked around the office.
At all the empty desks.
I could tell.
The building was now an empty shell.

Where is everyone ?
Tom, Di-k and Harry my good friends all now gone.
I wondered if ?
Just like me they had been hit by a RIF.
I shake my head in disbelief and want to cry
That must be the reason why.

Meanwhile at Verizon HQ.
Fran Shamo's latest financial report was sadly nothing new.
We must do something radical to improve our profit margins as they are still down
He said with a frown.

The board racked their brains for hours.
And even more hours.
Until Lowell McAdam jumped to his feet he had a brainwave.
"Eureka I have the perfect plan.”
"That's why I am the top man."
“How about if..."
"We have another RIF ?"

There was whooping, smiling, laughter and high fives all round.
The company’s profits would soon rise a solution had been found.
Lowell McAdam then said "Ring The Bell for a job well done we deserve some praise."
"Let's also award ourselves a well deserved 20% pay raise."

The board couldn't care less.
If the RIF made their minions lives a mess.
The poor Verizon staff.
Unlike their leaders could neither smile or a laugh.

Once they were many now they are just too few.
Lowell McAdam's grand plan would give them all more stress and work they could do without.
That much they knew.

Their future is not going to be that bright.
All doom and gloom probably describes it just about right.
And yes they work under a cloud constantly worrying if ?
They are going to be a casualty of yet another Verizon RIF.

Not excited about Zayo. Its really a mismanaged company overall. At least Crown had somewhat of an idea. But Zayo has no clue. We have good people from Fibertech still on board. Zayo just needs to let us take charge. But who knows, knowing Zayo, they will lay us all off.

Only time will tell, but no one has a good feeling about Zayo

What can we expect

Prediction: An executive posts from the World Cup. “The energy here is unreal — this is why in-person matters.” Forty-eight hours later, a calendar invite lands on a teammate’s screen. HR. No agenda. The post has 347 likes and counting.

Please stop doing layoff. We are only 80k employees which is very less then your competitor. Still you continue doing layoff . Not even a single employee is happy over here. Please make your existing employee happy.

Can this be true?

Won’t be long now. This has to be the beginning of the end.

https://www.gurufocus.com/news/8863065/dell-technologies-dell-receives-price-target-increase-from-jp-morgan

That tells you a lot about the 'executive' ability of the lineup that steers this ship.

Hey Guys!

Anyone from Asset Management department in US affected by the layoffs? Really hope that the impact there is minimal or hopefully non existent.

What's going on in Finance?

Starbucks announced another round of corporate layoffs. The company will cut 300 U.S. jobs. It also plans to shutter some regional support offices. These actions are part of its ongoing turnaround strategy. The moves will result in $400 million in restructuring charges.

Seattle, Washington

https://www.cnbc.com/2026/05/15/starbucks-to-lay-off-300-us-employees-close-some-regional-offices.html

No one here knows when a lay off is going to happen. There might be 4 people maximum that know prior to VPs getting a heads up day of

everyone should reflect on their personal contributions and what theyre bringing to the table Respected efficient top contributors aren’t on here getting scared or fear mongering - so reflect on where you fall and make the case for staying

To the trolls: unless you have founded proof - stop ruining people’s days. You’re literally
Making this worse for everyone.

~89,900 total headcount. Seems like DAN need only one person to do all the operation ( Dan - 89,900 ) = DAN so Dan single handlely will work for Verizon and will make customer focused company by being bold. 🌅🌄