#consolidation

Multiple layers of leadership are going to be trimmed and consolidation of Director and Senior Director roles with larger districts and less Directors and Senior Directors. Small non performing stores switched to indirect. Say good bye to retail business reps. Verizon is no longer the industry leader. Verizon will become T-Mobile Jr. New CEO plans on following T-Mobile’s business model. Welcome to the beginning of the new Bed Bath and Beyond fire sale of the wireless industry!

With One Allstate looming are they getting absorbed? I heard rumors about them being brought over.

All products consolidated under CPO office , but the only product growing is the CPO's overhead - marketing, planning biz dev, PR while engineering shrinks

soooo if leadership roles are affected at roughly 3x the rate of ICs, what is the target span-of-control after consolidation

Is there any chatter about other locations or teams?

ExxonMobil to close huge N.J. facility as part of consolidation plan

By Sarah F. Griffin | NJ Advance Media for NJ.com
ExxonMobil will close a large research facility in Hunterdon County as part of a plan to consolidate its corporate research operations at its Houston headquarters.

Most of the employees at the Exxon Mobil Research and Engineering division will be offered jobs at the new facility in Texas. The Clinton Township campus, along with a research facility in Ontario, Canada, will close as part of the consolidation, which will be done in phases that will continue until 2028, according to a report by Bloomberg.

“We are incredibly disappointed to learn that ExxonMobil has chosen to close this facility over the next few years,” Clinton Township Mayor Brian Mullay said in a statement. “We will work closely with our partners at Hunterdon County Economic Development & Tourism, the NJ Highlands Council and ExxonMobil to ensure that the developable portion of the property continues to contribute to our area’s economic success and that the ecologically critical areas are preserved to protect our environment.”

In October 2022, ExxonMobil informed the township it had partnered with Prologis do a feasibility study that looked at redeveloping a portion of the property as a warehousing complex. The idea met was met with opposition from the community, according to Clinton Township Council meeting minutes.

In September of last year, Joe Wong, a commercial portfolio manager for ExxonMobil, told the township council that the company was not going to expand beyond the 150 acres that make up its current campus. It last underwent an expansion there in 2017.

The facility employs between 500-600 and pays $3.5 million a year in property taxes, Wong said during a presentation before the council.

Don Carpenter, president of Independent Laboratory Employees’ Union - United Steel Workers Local 09009, said the union the decision impacts over 100 of its members who work at the facility.

“As of right now, none of the unionized workers at the site have been offered relocation or continued employment within the company, however the union will be entering into bargaining with ExxonMobil over the effects of this unfortunate decision,” Carpenter said.

ExxonMobil told NJ Advance Media it is “committed to meeting our obligations under the collective bargaining agreement” and expects “to have further dialogue with them on this announcement.”

https://www.nj.com/news/2024/05/exxonmobil-to-close-huge-nj-facility-as-part-of-consolidation-plan.html

Consolidation and off shoring to India. Do not transfer move to Atlanta. You want to stay in Atlanta start looking. The plan will come and be executed fast and furious. Zero relocation to go from Atlanta to Dallas area.

Heard that’s the path forward, and it makes sense. Combine operations, leadership. Cut many many many many heads. Sure, it will rough for a while, but it’s all about the immediate savings. No one cares about 3 years from now, only the next qtr and the current gap to solve for. Painful decisions are what random new CEOs are all about.

Also, no more value! Redundant operations. It’s all consumer and business, all customer. We don’t need 10 different marketing teams, just one.

Before taking a package and giving up your right to sue, Jason Hamilton said in his town hall that CSO alone has hired 60 people in Charlotte--a location that has never been on any hub list.

So any mention of too many locations or consolidation is just pure bbbbbBSsssss

US based Transunion company tookover Indias largest credit bureau CIBIL 92% stake holder. It's making double digit growth in its India division with largest consumer base close to 2x of US consumer volumes.

TU CIBIL division needs more positions to support its systems including recently acquired Neustar division. It will continue to grow as more digitailization emerging into rural areas. More business more revenues. More revenues More jobs to support.

US division revenues major hit due to low mortgage files with high interest rates fed policies. Less money flow into its division more job cuts.

During Covid TU acquired lot of companies, Its consolidation of tools technologies products and roles are unavoidable for few years.
TU bought UK based callcredit and closed majority of UK employees during last 2 wayves as its revenues are very low. Soon FICO is selling their own scores without paying fee to credit bureaus a major revenue hit to US core markets. World is changing no more a closed Island. Same will continue other countries divisions of TU acquired bureaus.

AI will takeover majority of data science jobs especially engineering and data analytics. AI dont care boundaries, countries and regions.

Past is beautiful, Today is fantastic day, future is uncertain.

Any intel on what the meeting(s) tomorrow are about? More layoffs? Restructuring? Consolidation?

Victim of consolidation 2 years ago. What’s been in happening in STL since then? What are long term plans?