#corporateaffairs

Has anyone heard anything regarding layoffs in HQ Corporate Comms yet?

Watching them rig down their suction lines off the old manifold and rigging up their suction lines on the new manifold. That's how corporate America works. But I don't think it will save them this time.

What an unfortunate situation we have all had to deal with since Sept 9th. Armstrong’s comments at the Goldman Sachs conference signaled a massive corporate restructuring. The disruption and lack of communication has been real and the anxiety relentless. I do not know what to hope for in the coming weeks. If I am let go, hopefully I get a severance runway and the March bonus at a minimum. If I stay, what does that look like. There will be no Herrin or Rioboli backfill. Rather, more than likely what was GTO gets absorbed as an execution arm of a product organization led by Fraser.

Oct 22 earnings will be the first indication. Then notices on Monday Oct 26 and anything the rest of that week will tell us all we need to know. I cannot understand how this will be a smooth or successful transition. In the meantime, Godspeed to all.

Comcast Donated $7.5 Million for Donald Trump’s Lavish New White House Ballroom

https://variety.com/2026/tv/news/comcast-funding-trump-white-house-ballroom-1236913205/

Is there any feasible way for us to band together against our Current Collective Corporate Nightmare (CCCN™️)? I don't know how much longer I can keep pretending this is all normal, and I know I'm not the only one. Is anyone else ready to stop playing along?

NM has 2 jets, N302ML and N720ML.

Anyone know why N302ML has been parked in Battle Creek, MI since May?

Track the jets:
https://globe.adsbexchange.com/?icao=a327de
https://globe.adsbexchange.com/?icao=a9a4aa

I'd say pay is probably one of the highest causes of turnover for the company. I've been with Walgreens since 2016, and everyone who has left around me mentioned they're leaving to get better pay. Every store level position is highly underpaid for what is expected.

I'd also contribute the rising amount of daily tasks for every position in the store. When I started, I was a CSA. There was a short list of things that were done daily as an opening CSAs and a short list for closing CSAs. There's now a huge list of tasks for everyone and little to no time to thoroughly train people for it.

photo was simple back then, a few different projects to learn, and you could catch on quick. There weren't a hundred services staged around a photo like there is now.

In my opinion, Walgreens keeps increasing the workload due to terrible decisions to buy pharmacies that are going under (RiteAid). This, of course, increases the amount of scripts the pharmacy is filling and increases the number of customers the store is seeing on a day to day basis.

Just recently, I did two double shifts back to back. 6:30am to 10pm on Thursday, and 6:30am to 11:30pm the second day. How I didn't decide to turn in my keys yesterday is beyond me. My SM was hospitalized on Thursday morning, and I like my SM. She's actually a good boss. My DM was supposed to relieve me around 7 pm. on Friday, but he never did. I called, and he said I could close early at 8 instead, but only after pharmacy was done doing their quarterly inventory. They didn't finish until 11:30 pm, so the store stayed open, and closed at 10pm like normal.

Our support team is terrible when issues arise and do everything to put a bandaid on something, rather than fix it and be done. I can't tell you how many times I've spent hours on the phone just trying to get someone to tell me how to fix it rather than take me through a dozen troubleshooting tasks that I've done before calling them.

Customers are also a reason for high turnover for employees. We're not dogs or servants - we're human beings. Scripts aren't meeting promise times because there are 300 to 400 sitting on the counter to fill, verify, and package. Customers lose their fu--ing minds when they arrive and it's not ready to go when it was called in an hour ago. Customers lose their minds when we are out of stock on something they want. Employees start to lack empathy or will to help someone when they lose their sh-t for something simply out of our control.

So, as a result- you get overwhelmed, underpaid employees who are hitting the ground running, just to be knocked down by a company who continually increases a workload that is barely achievable on a good day, and impossible on a bad day. The customers then make it worse by being pi---d off at employees, leaving bad reviews or surveys. Then corporate a--holes come down on everyone twice as hard to 'do better' when there's no path to achieving that goal.

• not my post, I copy/pasted it from a different thread where it was buried. It's a good post and deserves the front page.

Funk & Wagnalls define Morale as:

"Shared confidence and enthusiasm among group members working toward a common goal".

On the Fujita scale...where do you think Dell fits in the overriding corporate world?

Hows the politicking going on in our most political function?

If anyone has been to stores in Alabama?? If so, then you are well aware that a huge disconnect exists between corporate and the store level. If you are not aware of this, you must be in denial or have blinders on.

Lack of upkeep, no hours for employees, cleanliness, renovations and/or repairs, hours, attention towards merchandising and visual presentation.

Non or poorly working air conditioning is an issue in most if not all stores. Perhaps the mythical golden stores have working air conditioning.

One of the most important areas for improvement is the customer service experience………it’s not existent…….atleast in Alabama belk stores…..one or two clerks……and that’s it, even on busy days.

However, come time for a visit, and hours magically become available with extra labor or long shifts. Then as soon as that visit ends, it’s back to hours being cut back and some people not being scheduled at all.

It's starting to feel like we're watching America decline from every angle. The people at the top seem to know where things are headed, and instead of trying to strengthen the country, they're focused on making sure they, their friends, and their families come out ahead.

Whether it's politicians, corporate executives, Wall Street, or the media, it often feels like the same connected circles continue to profit while ordinary people deal with layoffs, higher costs, and growing uncertainty. Looking at threads like the culture ones from the other day, it's hard not to wonder if many of the people making these decisions are insulated from the consequences everyone else has to live with.

That's the part that bothers me most.

The downgrade reflects rising business risk and weaker cash flow driven by a massive, capital-intensive AI infrastructure buildout and high customer concentration (e.g., OpenAI). The rating outlook remains stable.

https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3592348

How deep do we think cuts will be for the corporate affairs function - formerly communications in PC&C?

A change in leadership changes nothing for us. Rotten culture and corporate greed are the real problem.

If Verizon converts a majority of its stores to indirect, the company will end up relying even more heavily on corporate business account managers to drive revenue. The problem is they are simultaneously putting increasing pressure on the very people carrying those revenue streams.

From the outside looking in, it feels like Verizon is stretching and stressing the core pieces of the business instead of strengthening them. That is not a sustainable long term strategy, and it is hard to see it ending well for the company if things continue in this direction.

Fraud lawsuit against Intel to steal personal data of millions of Americans

https://brownrudnick.com/client_news/brown-rudnick-on-behalf-of-200-plaintiffs-files-fraud-suit-against-intel-claiming-hundreds-of-millions-of-dollars-in-damages/

Company has joined other major corporations in implementing a mandatory 5-day return-to-office (RTO) policy, which some view as a strategy to encourage voluntary attrition essentially a "soft layoff”.

Recent reports suggest that the number of employees choosing to leave following this mandate has been lower than expected, leading the company to evaluate additional measures for workforce reduction. These potential "other options" may include involuntary separations, employee engagement responses, or "hard layoffs." While the company continues to monitor office attendance as part of performance reviews, there are currently no specific details on which business units will be impacted or the exact timing of further restructuring.

#RTO #Workplace #Career #CorporateLife #MandatoryRTO #CompanyCulture #QuietFiring #SoftLayoffs #EmployeeEngagement #WorkLifeBalance

https://www.xe.com/currencycharts/?from=USD&to=INR&view=5Y

The higher that goes on the chart on the right?

The cheaper indian labor is for a US corporation.

India in particular is experiencing currency collapse and this does NOT work in your favor.

Its over 30% cheaper to pay someone in india than it was 5 years ago. This means that you either need to be 30% more productive or bring in 30% more in revenue, else the bank is losing out on the labor triage (they are taking a loss by keeping you).

You can NEVER outrun currency devaluation - the differentials are just too great, the opportunity for cost savings are MASSIVE, and the executives are incentivized to make stock go up by ANY means.

Charlie chose specifically to be paid if the stock goes up.

"Show me the incentive, I will show you the outcome" -- C. Munger

If getting rid of 80000 employees means his options vest in the money? Its a no brainer what he will choose to do.

And there are zero US labor laws to stop him.

It also means that your career is dead at this bank - stop working so hard, stop worrying, re-skill into something that cannot so easily be off-shored and just wait for your severance package.

What's going on today ?

Looks like Pete decided to depart for family commitments just 2 days after the DOJ wanted to depose him, I guess a golden parachute is better than an orange jumpsuit! This is not the same as the other CMS pending case for failure to comply with reporting and the nearly billion dollars in historical payments being set aside.

https://www.beckershospitalreview.com/legal-regulatory-issues/elevance-senior-executive-fights-doj-deposition-bid-in-medicare-advantage-fraud-case/

“According to an April 27 letter filed with the court, the government said it first contacted Elevance about deposing Mr. Haytaian on Feb. 24, two days before the company announced his departure.”

“The MA case in which Mr. Haytaian is being asked to testify was originally filed in 2020. The government alleges Elevance (then Anthem) violated the False Claims Act by knowingly failing to delete inaccurate diagnosis codes it submitted to CMS for risk adjustment purposes, instead using a retrospective chart review program to identify additional codes that could generate higher MA payments. The complaint describes the program as “a cash cow” that generated more than $100 million per year in additional revenue during certain periods.”

We have decided to bring HR, Legal, Compliance and Corporate Affairs together under Keeley Aleman in an expanded role as Waters General Counsel and Head of Global Human Resources.

We are grateful for Cheryl Kennedy’s leadership and contributions over the past year, as she helped support our people and advance our HR strategy during an important period for the company. Cheryl has left Waters and we wish her the very best.

Who in their right mind would “bring HR, Legal, Compliance and Corporate Affairs together?”

Heard they are getting rid of all USC agent stores by July 31. Are they doing the same with their corporate doors? Seeing a lot of folks from USC moving into director roles with TMO

It’s so funny, corporate is such a game

https://newsroom.wf.com/news-releases/news-details/2026/Wells-Fargo-Helps-Drive-Growth-in-West-Charlotte-with-6-Million/default.aspx

Workers who fall for ‘corporate bullsh-t’ may be worse at their jobs, study finds

https://www.theguardian.com/business/2026/mar/23/corporate-speak-study

Does anyone know when they plan to finish moving corporate risk into hubs? They mentioned most of it was already in hubs during the December townhall — what’s the status of the rest?

Has anyone else been contacted by a corporate auditor about everyone in the Permian cheating on the entry exam at XOM? I am still trying to understand the benefit of superintendent’s having hat contractors cheat on the test. If you want quality employees you would think you would want people that can pass the test without cheating.

Getting word that layoffs will be ramping up before corporate bonuses are set to be announced and paid out. If you are let go before the bonus actually hits your direct deposit, then you will get absolutely nothing for enduring last year. Heads up and brace yourself for once again another large round of layoffs. Meanwhile, all the VPs and above are getting extra perks their way (trips, special luxury gifts, stock).
Additionally, if you are fortunate enough to stay, your annual compensation review will probably be on existing since they’ve forced all management to not give high employee reviews to prevent low incentive increase and lowest bonus payouts.

30-35% from what I hear, mostly those with over 5 years service.
OP: @d1+1kh7va1kv

Why go after trained and experienced people in Corporate? Wouldn’t it be logical to cut newcomers first?

Let that sink in.

That is correct it’s 16,000 people to be let go.

I just got fired from Walmart.
I am looking for a stable organization with fringe benefits and a great salary.
I've worked as a cashier for 22 years and ready to make it up the corporate ladder.
What time should I send my application to?

I wouldn’t put it past Belk corporate to put corporate spy’s in belk stores. We have new employees who are acting like cheerleaders for belk and have been with the company less than one or two years. It’s bizarre. They are in lead, HR, asset protection, and key holder positions. They seem overly happy with belk and will say nothing negative, everything belk is doing is for the good of the company, associates, and customers. It’s almost like they are brainwashed. Please comment below if you are encountering this in your store location.

Another major corporation is bringing back 5x8.

This sounds a lot like a Verizon cutbacks which are contributing to this current trend. November and December cuts will likely be no better.

Job cuts surge in worst October layoffs in 22 years.

Nov. 10, 2025, 12:47 p.m. ET

Propelled by cost cutting and the growing adoption of artificial intelligence, employers slashed more than 150,000 jobs in October, the largest wave of layoffs in more than 20 years, a report from Challenger, Gray & Christmas said Thursday, Nov. 6.

Seeking to cut costs, technology companies shed the most jobs, followed by the retail and services sectors, the outplacement firm found. Amazon, UPS, Microsoft and other firms have recently announced layoffs.

In what could be another sign of a softening labor market, October layoffs jumped 175% from a year ago to 153,074, the highest level since 2003, Challenger, Gray & Christmas said.

"Some industries are correcting after the hiring bo-m of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes," Andy Challenger, chief revenue officer for Challenger, Gray & Christmas, said in a statement. "Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market."

Job cuts so far this year have soared to more than 1 million, a 65% increase from last year at this time, driven by what Challenger, Gray & Christmas called the "DOGE Impact" – mass reductions to the federal workforce and government contractors as well as the loss of federal funding to private and nonprofit entities.

Year-to-date layoffs have reached their highest level since 2020, when there were more than 2 million job cuts through October. This has been the worst year for announced layoffs since 2009, Challenger, Gray & Christmas said.

Challenger, Gray & Christmas said it was surprising to see such a large wave of cutbacks in the fourth quarter, when firms typically shy away from announcing layoffs.

What’s more, more companies announced job cuts in October, Challenger, Gray & Christmas said. The outplacement firm tracked 450 plans to cut jobs, up from less than 400 in September. That tops March, which saw the largest number of job cut announcements at about 350.

"At a time when job creation is at its lowest point in years, the optics of announcing layoffs in the fourth quarter are particularly unfavorable," Andy Challenger said.

With official data gathering suspended during the government shutdown, investors are paying close attention to data from private sources like Challenger, Gray & Christmas to understand what is happening in the labor market.

Federal Reserve officials have expressed concern about the job market and the central bank has lowered its benchmark interest rate twice since September. The move brought the Fed’s benchmark interest rate down to a range of 3.75% to 4%. Some economists think another cut could come at the Fed’s December meeting, though Federal Reserve Chair Jerome Powell has said a third straight reduction is not guaranteed.

Labor market watchers downplayed the Challenger, Gray & Christmas report, saying the firm has historically been a "poor predictor of future labor market conditions."

"But against the backdrop of a low-hire labor market this bout of corporate job-cutting does represent a bigger labor risk then the 2022 tech layoffs, when these workers were quickly scooped up by other industries," Vanguard said in a statement. "However, we ultimately expect that persistent labor supply constraints over the next three years will help offset the unemployment impact of cyclical and technological pressures."

https://www.usatoday.com/story/money/2025/11/06/october-job-cuts-surge-worst-layoffs/87127775007/

Confirmed from someone in finance and HR. AI, moving many jobs to India, and new leadership found many teams doing similar work.

Wish you a merry Christmas. Hope your children enjoy my daughter’s presents and your husband appreciates my family’s turkey. We love you in the trenches. Make a few more mince policies.

I'll go first: "Let us operationalize cross functional synergies to maximize stakeholder value."

Two days after Black Friday and we are told we are having a corporate visit December 3
This is a rouse to get the store cleaned up with almost no one working 🙄