#company

The SUPER TOP SECRET ULTRA SECRET NDA project that everyone knows about called Maverick is getting close to it's official "roll out" live day and it's so far from ready that it's comical.

Sadly, many of you - specifically sales, ISG/CSG - are going to have the misfortune of "testing" it out. I know nothing about what these new tools are, what they are replacing (apparently DOMS is being "replaced" but that's been said for the last 20 years LOL) but I will say that you are all in for a horrible time when it goes live.

I think the deadline/go live date is mid May and so much of it is STILL being tested right now. Keep in mind the OG "go live date" was in February...

Godspeed my friends.

No surprises. Identical thing happened to Radio Shack, it’s like a rerun of a train wreck in slow motion.
Everyone thought it would be okay.
Didn’t turn out so well. Especially if you had a battery of the month club card. Not good.

It's a torture device that ends one way - you getting shown the door. PIPs have been used as an excuse to purge people for years, now they're just cranking it up. My advice is to play along, put zero effort into "improving," and spend every ounce of energy job hunting. XOM isn't the greatest company on earth. There are plenty of better places, smaller ones, often, that actually value their people.

They've got us stressed out constantly. No breaks, no rest, no relief. This company has completely taken over our lives.

If they've botched this single issue so thoroughly, is it any surprise the whole business feels like it's about to tip over?

It seems like prime real estate for a few divisions. Or are they just going to demolish it all? They wouldn’t sell it to Solventum. Supposedly they tried to buy it but 3M’s price was far too high.

What kind of company changes rules and then publishes bad data based on those changes? If I can't trust the data now then why should I trust it next month?

I have heard recently that all those who have "Needs significant improvement" in past 4-5 years will be terminated.

Has anyone heard about this? Like what the fu-k imperial was so understaffed with people working in stress.
This company only looks after the baseline.

This week’s announcement has serious implications and indicates the company is moving towards elimination of the pension. You could have worked for decades and be days away from receiving your pension at 55 and lose it all under the new system. If you are staying for the pension and it is what is keeping you here I recommend you think hard and critically on what the chances are that you actually receive a pension. Clearly Darren wants it gone. Executives have their huge pile of RSUs and the pension means very little to them. They would like to eliminate the pension so the stock pops higher.

OLD SYSTEM
If are NRE and placed in NSI:

• you are put on a DPC. You cannot fail the DPC. Basically you couldn’t be fired for “low performance” if NRE

If you were not NRE and placed in NSI:

• if 3 times in last 5 years you have been NSI you were mandatory to be fired (PIL)
• else if you are NSI you could choose between PIP and PIL
• if you failed the PIP you were fired

NEW SYSTEM after 2026
NRE and DPC eliminated from policy. You can be fired for “low performance” even if you have worked successfully at the company for decades and are just a few months or days from reaching 55 when you would be eligible for retirement. You can lose it all.
If you are placed in NSI:

• if 2 times in last 5 years you have been NSI you are mandatory to be fired (PIL)
• else you can choose between PIP and PIL
• if you fail the PIP you are fired

NEW SYSTEM IN 2026 ONLY
NRE and DPC eliminated from policy but if you are NRE and NSI then PIP will be offered and if you don’t pass you will be fired. You can also just take the PIL.
If you are placed in NSI:

• if NOT NRE, NSI at any time in last 4 years, and NSI in 2026 you are mandatory to be fired (PIL)
• else if NSI you can choose between PIP and PIL
• if you fail the PIP you are fired

https://www.thelayoff.com/t/1kjtpebnk

March it was $215

Now it is $179.49

A superior brand of long ago - now dead

Here’s our estimates on Walmart layoff activity for the next several months based on data we’ve collected. Some dates are specific and some are general. That’s due to business intelligence that either stands out, or, doesn’t stand out.

Here’s some facts that drive our estimates this time:

• April through August are traditionally high layoff times for Walmart
• Imbedded quiet days in April/May to allow for Q1 End, Q1 Reporting and Memorial Day.
• Project and budget reviews reveal considerable expense and capital saving opportunities do exist
• New capital projects to support AI are under consideration, including some eye popping infrastructure projects. All these projects will need to be funded
• There’s a considerable amount of tech outsourcing available (at favorable rates) to assume and run current systems
• Renewed focus on removing shadow IT projects and resources across the enterprise

Here’s our take on dates:

• [ ] 4/13 thru 4/28 increases to 70% likelihood of layoffs
• [ ] 5/6 thru 6/25 100% likelihood
• [ ] 6/30 thru 7/28 90% likelihood
• [ ] 8/4 thru 8/27 90% likelihood

Don’t agree? Tell us why.

Is the dilemma and misery coming to an end?

AI is just the excuse they hide behind, ridiculous as it may sound.

Jon Freier, Mike Katz, Deanne King, Jeff Simon, and of course, that loser at the top of the company.

Make sure this article gets shared far and wide.

“T-Mobile Faces Backlash After Axing US Jobs Amid Global Expansion Push Under New Indian CEO”

https://www.ibtimes.co.uk/t-mobile-layoffs-cost-cutting-backlash-1790401

Are layoffs still happening this month?

There’s a poll floating around what’s the worst job at Dell? Not lowest pay just the most thankless, grind it out, low impact role. The one nobody really wants to admit they’ve had.

While scheduling a meeting I noticed some coworkers’ roles had that string added to their role. Does anyone here know what it means?

Final date is 04/27/2026. Not all details have been published yet.

Great job to the FIS executive team, looking straight at you, VP Ian McCoy! Be sure to give notes to the Sales Team to sell this success to future clients! Let them know all of the steps that FIS took to achieve this result.

There are still legacy FT employees not hired back. All of that tenured talent wasted right down the drain.

A lot of people who were not here ask how was EJ different pre-2019. A few callouts:

• JW cut $100M+ out of the budget to avoid layoffs during the ‘08-‘09 crisis. PP wants to layoff home office associates to capture millions in what she sees as “expenses”.

• JW’s agenda was the field, home office, and client. PP’s agenda was her legacy but now that she has bitten the hand that feeds her (the field) and has bitten the hand that pet her (the home office/CSTs) now her agenda is retribution.

Besides her animosity geared towards associates who did not fit her political and social beliefs, she now despises everyone.

Pre 2019 there was a saying, “You think and act different when you’re a partner”. I haven’t heard that mantra in 7 years as it went out the window with her mandates and the people she has brought in along with the leaders hired in the lower ranks. The reason her door mimics her FA door from Michigan is because the name on the door is the only name that matters to her.

I've heard anyone who manages people is going remote.

Share price still falling, revenues down SLT terrible from the top to bottom, especially corporates. Not even in the top 3 legal AI, CoCounsel not had the right vision, stand alone product the trying to link it with everything, clients just not buying it literally. When wil the board step in and purge the lot of them?

We’re eliminating a lot of people. The round of layoffs like always are getting swept under the rug. We’re just expected to keep our heads down and focus on generating more revenue.

8 hours for today -- 40 hours for the week. The market says my time is more valuable spent elsewhere. You guys have a great weekend.

Cause I'm pretty much idle most of my workday. Not sure if anyone else feels that way. After layoffs projects stalled and everyone seem to just pretend to do something. With Claude I'm pretty much done after 2, maybe 3 hours of work. Not really interested in trainings also, and I won't be-doverbackwards for this company anymore.

Thoughts? Any ideas?

A whole $5 drop and suddenly it’s DEFCON 1. Brace yourselves, people layoffs incoming. Dan the Man’s $75 “vision” is trending straight to clearance rack status. At this rate, just another 15k layoffs should get us that solid $60 target. Brilliant strategy 👏

Fact

This stupid company is always organic meaning, all the Execs are long timers (CEO, CTO, CFO..), so they have the same narrow minded mentality.
The company needs some people from outside who have vision and know how to do business. The current mo--ns do not fit for their positions and will only get worse...

Where is NIke's destination eventurally, that is the question that has been floating around a lot in this platform.

As long as EH and upper management maintains this death march to the Death Valley, it will be in the teens.

Quite frankly, I was extremely disappointed that EH was not able to come out with new, clear direction after 18 months in the throne. Yeah, JD left sh-t load cr-p around but with EH's pay scale that is task that is included.

I am hearing rumors of an OFSE spinoff again. What is the latest?

Anyone know why Tom Liguori was replaced as CFO all of a sudden?

Where does it say what counts as a day in the office? The 4 hours in the faq is NOT for that formula.

I am getting ready to give my notice because of the new WPE changes. But now I’m hearing they are not going to happen. Does anyone have reliable information?

Am I reading right? I guy who makes more than 10 million a year USD offers 6.5k USD as a means to homeownership in the US?

Dear BNY employees who are eligible: how do you feel on that initiative?