#company

Stock price at $17 a share is comical. They are poorly managed hiring competitors past failures and rejects. They buy failing banks. This spells disaster.

People keep mentioning that layoffs are not only happening in Europe, but I haven't heard anything about cuts here so far. Can somebody share what's being hit?

Something is happening. No clue what. But all associates were instructed to work from home tomorrow.

"We will discuss important organizational updates and critical information about our organization."

What does this mean for the future of the company ? Down 11% YoY is a lot, and missed analysts forecast of $3.5bn.

Should we expect layoffs? And where would those occur ?

I thought Dan talking about global and national madness before getting to VZ was quite clever. Puts things in context. VZ madness didn’t feel too bad and kinda expected after hearing all that.

Little manipulative but I guess visionaries have to be little manipulative too

I was at Kroger today and saw two DSLs from different companies preparing for a grand opening. Hard to believe they weren’t the same person. HR must be close behind.

So I was on a call with the recruiter. They were doing everything to sell the company. Kept mentioning diversity etc etc. I don’t want to be a diversity hire but the pay and company is nice. It all seems a bit suspicious.

If we hadn’t wasted so much time talking about AI, he could have actually covered the important points he ran out of time for.

And another thing , why are people in here celebrating someone getting fired? Sampath! That says a lot about your character.

Paying 100% STI was the bare minimum. Anything less would have been flat out disrespectful after laying off 15,000 people.

At this point, just let AI write my year end performance review.

Despite 14 billion in profits in the last year. Its not out of the question for the stock to go to low 200s. Nothing matters to this company other than 1. Stock price 2. shareholders.
Hard work does not get rewarded along with all the extra hours you put in. Do the bare minimum like Peter in office space, you will get same results. A layoff, oh and sc--w that little dork Sandork Di--oani Mr 100x

Retired recently with no Ford Pension owed to me and as I was reviewing my career resume it was revealing to note a contrast between Ford and the other OEM I worked for.
Similar position, however at the other OEM it was a “3-person” job.
Inefficient and no-value processes are PD costs at Ford no amount of reorganization or chair-shuffling will alleviate.
To make matters worse, no one has the courage to say “NO” to a process or tool with little value.
Best wishes to all who remain at Ford.

Anyone notice that some teams are getting cash incentives instead of a trip? Think it's because those groups won't be around long enough to go on a trip

Why is he beating around the bush and wasting time?

We ain’t got time for Davos, we are trying to not get ran over in the streets and put groceries on the table. Get real with your people you (ur)slurper.

Who is enjoying TAS Senior Managers and above being preoccupied? Best days of the year!

Let's talk about how "we are in the best position this company has ever been in"

I keep hearing that O&I will be getting more work done by outsourcing companies which likely means less hiring. Does that mean more layoffs?
Anyone has any information?

How are they notifying people? Is it an Outlook calendar invite? Who is doing the axing? What do they say during the call or the meeting?

For those who got the layoff news: how did it come? Was it a sudden calendar invite for a one-on-one, or an email, or something else?

Trying to know what to watch for.

Enjoyed seeing the CEOs of United Healthcare and CVS/Aetna getting scolded by different members of congress last week. How can we make sure Sarah doesn’t miss out on that fun? I need to see her explaining all her little “High Touch Initiatives” put in place in those state plans with high MCR rates. Popcorn ready!

https://www.sdxcentral.com/news/verizon-job-cuts-continue-warns-noncore-operations-could-be-next/

What are your predictions or hopes that Dan will address?

The teams like QPOET full of snakeoil salesmen have done nothing except for cheating and stealing！

Did anyone relocate to Plano or Frisco from out of state after the new campus announcement?

We are going to blow past earnings and guide higher for the next quarter. It's up up and away from here for OT

Why does dvn never post manager+ jobs?

Qualcomm seems to have perfected the impossible: beating earnings quarter after quarter while watching its stock drop every single time. Once is bad luck. Repeatedly is a leadership failure. When results are consistently strong and the market reaction is consistently negative, the problem isn’t performance — it’s how the story is being told at the top.

Been with the company for 2 years, only had 1 meeting in person. Why cant we just be remote?

Everything is now in deep flux. The staff knows that he knows that Wael is a not the future and just a figure head awaiting a Payola. He has kneecapped all competition and has not created a company for the future

I left over a year and a half ago due to unethical behavior from management. Hearing from others and seeing what's written here, it sounds like US Bank is in a dumpster fire that just keeps burning with no end in site. You would think that people in the MC would have hired other leaders from BOFA, JP morgan or Citi to help them navigate..... But no. Can't have people than know better tell Gunjan and Jodie that they running the bank into the ground.

Things have calmed down quite a bit where I am, but I’ve had plenty of time to process what’s happened. I’ve seen some great leaders move on to big roles in other companies, and many have retired. They’re even taking my car. When we started, there was a driven team of salespeople out there hustling and trying to win. Now, most of us are just here for the paycheck. Feels like it’s over. Props if you’re still here because you bleed blue. My blood is red, and I can’t stand Coke.

Despite what Trupanion is an incredibly weak company with upper management that only promotes sycophants while overlooking the actual hard workers and talent. Especially on the marketing side, I saw a disgusting amount of "restructurings" that took place literally every time an exec was promoted or when growth stagnated due to the C-suite repeatedly shutting down ideas that didn't come from themselves. So many excellent workers with incredible ideas just flushed down the drain. Multiple times, I saw them lay off people who were literally doing the work of what would be entire departments at any other job. Trupanion advertises a good culture upfront, but the reality is that they're the exact corporate nightmare that nobody wants to be caught dead in. Don't waste your time with this one. As we all used to joke, if you're actually good enough at your job, you'll either wind up quitting in frustration or getting laid off eventually.

Oh, and very few people ever make it to that five-year sabbatical they promise. It's just a way to lure you in. The executives have a nasty pattern of getting rid of people when they're about a year out from it so they don't have to pay it out.

USAA had the highest profit last year ($7.9 B) almost twice as much as last year. Almost 7.0B was in P&C alone.

Based on the above earnings, ideally the company scorecard should be higher than at least 125%.

The real driver of the high profitability was because of all the efforts of the senior leadership and they need to be awarded handsomely. But unfortunately you people won’t understand that, so we are going to do the next best thing, not tell you anything and still reward the senior management. So we lowered allocation for you to give more to the senior management.

We will hide behind false numbers like what we gave to Members which increased from 3.7B to 3.8B to 4.0B just during the meeting, but no details will be provided on the breakdown of that number.

Unfortunately the real truth will be reported by the local media in March when the senior management compensation becomes public through insurance company filings. So, we are working with local media to see if we can suppress that information.

Cheers!

That's what I'm hearing about the restructuring and layoffs next week. Can anyone confirm?

You know, MD says it best: "Vote with your dollars."

We should have organized and gotten representation years ago, but most people were brainwashed into thinking the company actually cared. They thought, "They'll never sc--w us; it’s illegal!" Hahaha.

When times were good, nobody cared, nobody prepared, and nobody read between the lines. Now that they’re messing with your pay, you're mad? Why now? It's too late for "now." We've already trained the machine to operate without us.

The only question that matters today is this: Are you prepared for an exit? Mentally? Financially? If not, you’d better start thinking about it. Fast.

We have key positions that need to be backfilled that have been open for over a year now. Are we not hiring at all or is this just our manager not giving a damn to fight for it?

I don't think there's much to lose and there's certainly plenty to gain.

Wonder how this will impact jobs?