#costcutting

Why are company managers traveling to several remote locations this week and next? Are they preparing for more reductions or changes? PAC Northwest locations, Salt Lake, Tempe and Albuquerque sites are all bracing for quick turnaround meetings where leaders fly in for 2-3 hours, splash around, assess the morale and then fly out??? Seems strange in an era of cost savings. Who else is seeing this type of activity?

That all hands? That will be where Dan tells us

• we did amazing, what a strong quarter
• we are the worst carrier and everything needs to change
• first, we need to cut cost
• in order to improve efficiency and to better serve and delight our customers, and given the inflow of people from Frontier, we will lay off another 8% of staff
• turnarounds are amazing, the best thing ever (assuming you survive)
• we will shuffle the deck chairs and do a reorg - we'll find a cozy spot for all the useless execs and keep paying them for a long long time (like Hans, Shankar, etc)
• fear, I mean, transformation and cost savings, will be a permanent 'feature'
• now stop complaining and go back to work so Dan can earn his guaranteed $31M between now and the end of next year

New CEO sold aerospace to raise stock price. CEO then must not have been able to forecast revenue growth after and decided to cost cut in hopes to retain momentum on stock.

How many times have we seen that already? Being good at your job just puts a target on your back. They don't want good, they want cheap.

They lost any maneuvering room to show results besides cuts a long time ago. At this stage, we're in a managed decline, an effort to maximize profits for the top and shareholders for as long as possible.

There seem to be layoffs spreading across the financial services.... especially asset management and custody space (State Street, Fidelity, BlackRock, Vanguard, Schwab, Citi, Morgan Stanley). I’m curious whether this is mostly cyclical or tied to longer-term structural shifts. What do you think are the main reasons?

Desperate times call for desperate measures. The dividend has got to go. It's only $13m a year, but XRX needs the $$ to pay interest. XRX should have fully eliminated the dividend when Carl left. Also, how stupid would it be to issue more shares without cutting out the dividend. XRX must go into serious cash preservation mode.

The company decided to pause their AI push, as the low hanging fruit has been harvested, and further adoption requires substantial investment and training. To decrease costs, they now aim to reduce the number of MDs by delegating their work to VPs, reduce the number of VPs by delegating their work to AVPs, and to reduce the number of FTEs in India to Indian contractors.

The rest are to work in very limited squads and save money. GT Sr LT - do you really work like that?

If they really need to save money, they should look at the overpaid directors and VPs who contribute nothing. So many managers here are terrible at leading people. Letting them go would be a positive.

Hearing reports that the stores-within-the-offices at Frisco, OP, and Bellevue suddenly closed last week without notice. Can anyone confirm? Are we that strapped for cash?

I am having a hard time understanding some of the layoffs. Is it just targeting highly compensated people, and replacing them with cheaper, less qualified labor? Not quite sure how G plans to pull this one off.

They are laying off everyone in the United States and hiring in all these hubs in Costa Rica, Manila, Mumbai, Warsaw. They are paying the workers for cheap labor. Thats how they are planning to cut expenses yet they are racking in millions by American investors. How are these employees in these countries will be able to communicate and have professional conversations when they will be working with business leaders based out of the US? The government needs to start investigating what is going on and start taxing these big corporations that are shipping American jobs overseas.

Trinity Health Outsourcing Leads to Revenue Cycle Layoffs

Trinity Health is cutting 10.5% of its revenue cycle department jobs. These non-patient-facing roles are being outsourced to an external partner. The exact number of affected employees is currently unknown. The hospital system cited industry challenges and cost reduction as reasons. These challenges include low reimbursement rates and rising care costs.

https://www.mlive.com/news/ann-arbor/2026/01/some-health-care-staff-laid-off-in-washtenaw-county-as-trinity-health-outsources.html?outputType=amp

IDM 2.0 was never a bad idea. In fact, it was necessary to save the manufacturing side of the company. But Pat’s mistake was investing in fabs before fixing yield and before we could reliably produce competitive chips for our own products again.
Lip-Bu Tan is doing all the right things to right-size the ship and inject discipline back into the company. I expect we will soon see changes to the focal process to align with that expectation from employees. But none of it means anything if yield does not reach industry-leading levels.

The fixed costs of underutilized fabs designed for future yields and future customers are ki-ling our bottom line and shortening the runway to get us there. If not for the investments Intel received last year, it would be over already.

They only rely on layoffs and cost cuts and then they wonder why the stock keeps going down. Can we get some competent people in charge, please?

Falling stock prices, increasing memories cost, eroding margin, sunset industry for Print, commodisation of PC biz, AI impact, failed business acquisition. HP is facing unprecident challenge across all front. Past earnings and cashflow putting into buying up own shares and increasing dividend is not working. Endless cost cutting through work force reduction and not investing to improve business is eating the company from within.

Rumours have been increasing on company splitting Print and PC up. CEO and multiple C-suite changes/leaving talks had been circulating wild. Staty tune for more cost cutting and business org change.

My manager told me today that I need to let someone on my team go as part of a cost-cutting effort, and that I’m expected to notify them next Wednesday. I don’t agree with this decision. My team is already working excessive hours dealing with production issues we can’t keep up with, and the expectation is that my other team will just have to absorb the additional workload. According to my manager, the directive is to cut one person from each team.

Next 75 figured it that it would look amazing, to use AI software for QA for customer service, cutting out accenture and in house employees..

Funny part is they have no idea, that AI software sold to them, is in the early adoption phase.. AI software makers are making big corporations adopt, once they are absolutely dependent on them, the licensing costs will be through the roof with contracts requiring money to get out, whereas people are easy to fire and hire. People wage growth is a laughable to BIG AI hiking up licensing cost 2 X - 3 x every 5 years

You just played yourself, all your data and operational capability belongs to us. Best part the VP and Director who signed off on this wont be even be there, next time licensing price is hiked

In case you haven’t heard, severance is no longer funded by the company at corporate higher level. Organizations have to absorb those costs now. Those orgs are not going to be as willing to lay people off vs just firing for whatever reason they come up with.

The Metropolitan Opera has announced a new round of cost-cutting measures, including layoffs, executive pay reductions, and a scaled-back production schedule, as it continues to grapple with financial instability, according to reporting by the The New York Times.

https://www.broadwayworld.com/article/Metropolitan-Opera-Announces-Layoffs-Salary-Cuts-and-Reduced-Programming-Amid-Ongoing-Financial-Strain-20260120

Hasanna Birdsong, chief executive officer of the nonprofit, said the operation will move forward with 20 to 25 employees after cutting personnel across all its departments.

https://www.lehighvalleynews.com/local-news/lehigh-valley-public-media-cuts-nearly-half-its-staff-after-years-of-financial-losses

Over the past two to three years, there has been a noticeable and troubling shift in Dell’s people culture. What once stood out as the company’s strongest asset—the fabric of trust, inclusion, and employee-centric values—appears to have steadily deteriorated.

This change feels less incidental and more deliberate. Decisions increasingly seem driven by cost-cutting and downsizing, with little regard for preserving the culture that once defined the organization. Instead of investing in engagement and retention, there appears to be an unspoken acceptance—if not encouragement—of voluntary attrition as a means to reduce headcount and save money.

It’s disheartening to witness the gradual unraveling of a culture that many employees valued deeply. What was once a source of pride has now become a cause for concern—and that is truly a shame.

Now that things have settled down, we are fully focused on cutting costs. That’s all the LT cares about. With all the cost cutting there have got to be layoffs. The question is when? 2026? 2027? How long does it take for layoffs to come to us? Where are all the employees going with all the work being cut? Trying to see if I can last long enough to get laid off. Wishing I took the EOI but had no idea what we were in for.

Anybody on H1B visa impacted in this round so far? In previous rounds, no visa folks were impacted, at least on the network org. Seems like company is harboring visa holders, Anybody else feel that way? H1B paperwork involves filling costs, lawyer fees etc. which is opex, If the goal is saving opex....

Goal: Decrease operating cost by reducing high salary people and not paying for hourly worker benefits as there are many store employees.

1. Take away store employee holidays so the full timers quit. Huge savings on the benefits. Then only hire part timers to replace.

2. Close OPO to make as many people quit as possible. So far under 100 but soon it will be up to 200. Could even go up to 300 within 3 months of OPO closer.

3. Few months after closing OPO, Move head quarter to a cheaper area and cash 400 million for 4 buildings. Expect people who live nearby to quit. People moved to Chicago for a job and bought a home nearby to have balanced life style. Lot of people who work at a head quarter will quit if office moves far away. Near the farms where it is cheaper land or in middle by staples office on I355.

Leftover downtowners will quit if they are not by commuter train.

Total people who quit will be around 1000 at the end without any layoff or severance package. This guys know what they are doing.

And even behind Citi. Of the big 4, it's a junk bottom of the barrel stock. Literally. Charlie Scharf can't seem to grow the bank, so he's relentlessly cutting, because it's all he knows how to do.

Helps explain the never ending layoffs.

No wonder there are so many layoffs! 30000 employees laid off to recover $10B.
Increase the price of Prime!

Hi everyone,
I'm wondering if anyone has heard about potential cost-cutting measures or layoffs affecting contractors at Charles Schwab? With the current economic climate and many companies restructuring, I'm curious if there are any known plans to reduce contractor workforce or cut contractor-related costs. Has anyone heard anything from their teams or managers about this?

Delighting customers means providing them the service they pay for! Cutting costs is not delighting anyone. Its so embarrassing to try to answer friends and family when they ask what is going on with Verizon. We need our network people!

Firing "higher cost" employees, replacing with cheaper, less experienced people that will be kept around for only a few years.

Higher mid level "yes men" managers who just wanna make VP/SVP/ESVP.... coming up with schemes to turn a higher profit (on paper anyway) to sell to the next higher level sociopath. Many large companies operate this way and it is ki-ling the middle class.

What a day. Verizon continues to chase “leaner operations,” yet today’s massive outage tells a different story. When cost-cutting overrides sound engineering and accountability, reliability inevitably suffers.

This will almost certainly drive additional churn. A culture where network decisions are influenced by politics and optics—rather than technical rigor—has consequences, and customers ultimately pay the price.

The long-held perception of Verizon as a “premium” network deserves closer scrutiny. Today’s outage, combined with the recent workforce reductions, exposes a growing gap between branding and reality. Reliability isn’t a marketing slogan—it’s the result of disciplined investment, empowered engineering teams, and accountable leadership.

If this trajectory continues, the market will reach its own conclusion.

Project Managers rebadging. 90% and 10% stay as GW (for now).
Consolidation under one VP + mass rebadging + downgraded benefits usually means cost restructuring and positioning the company for a transaction (sale/spin/outsourcing). Whether the “sell off” is confirmed or not, the pattern is consistent with that kind of move.

Next Up:
Business Analysts
Developers.

bP writing down Billions in foolish investments and then will try to save money on bog rolls or changing the thermostat in offices

Labor cuts. It's about time Amazon gets rid of these people that don't work. Floral. SSS. Self Checkout "attendant". Bakery "Cake Decoraters". "Bakers". "cooks".
All useless. It's time for them to hit the road.

In the last year, AI-related layoffs have started to feel routine, showing up nearly every week in corporate announcements. Businesses in multiple sectors are increasingly citing “efficiency improvements” from artificial intelligence as the reason for workforce reductions. While companies frame these moves as innovation-driven, many workers see AI being used as a cover for cost-cutting and restructuring.

https://www.msn.com/en-us/news/opinion/opinion-a-shorter-workweek-can-prevent-ai-driven-mass-unemployment/ar-AA1U0ce2

That's the kind of fu---d up world we're living in.

https://www.theregister.com/2025/11/12/retail_giant_kingfisher_says_no/

Isn’t it hilarious? They cut hours at the stores while launching these shiny new markets, just slapping lipstick on a pig with mismatched fixtures from the clearance aisle. Meanwhile, they’re pouring millions into those fancy light-up signs for the golden stores. When will they realize that all the flashy visuals in the world won’t help if there’s no one around to assist the customers? People have already started to stop showing up—do they really think those big lighted boxes will bring them back in?

Goldman Sachs is set to begin layoffs on January 11 as part of a wider shake-up centered on its investment banking and global markets teams. The cuts are aimed at saving $1.3 billion in operating costs over the next three years, as the bank shifts capital toward its top businesses and technology.

https://www.prismedia.ai/news/goldman-sachs-begins-major-layoffs-in-aifueled-cost-push