#costcutting

There's no limit to greed. We get the short end of the stick whether the business is booming or busting. Don't ever relax, especially in retail. Better to always be on the lookout for other options. You never know - you may come across a better opportunity. Yes, even in this bad economy. There's life after Macy's.

The news indicates a prevailing sentiment among employees regarding recent layoffs. A significant 69% of workers believe that "AI layoffs" are not genuine reasons for job cuts. Instead, many employees suspect that artificial intelligence is merely being used as an excuse for broader restructuring or cost-cutting measures. No specific company is named as having conducted these particular layoffs.

https://www.cpapracticeadvisor.com/2026/01/08/69-of-employees-think-ai-layoffs-are-just-an-excuse/176037/

The news indicates a prevailing sentiment among employees regarding recent layoffs. A significant 69% of workers believe that "AI layoffs" are not genuine reasons for job cuts. Instead, many employees suspect that artificial intelligence is merely being used as an excuse for broader restructuring or cost-cutting measures. No specific company is named as having conducted these particular layoffs.

https://www.cpapracticeadvisor.com/2026/01/08/69-of-employees-think-ai-layoffs-are-just-an-excuse/176037/

The company is so poorly managed , they overpay management, they allow these techs to take home there trucks , I see cable trucks parked in one location sometimes for 2-3 hrs , here’s an idea why don’t you take back contractor work and give it to in-house techs

You don’t make up for that loss overnight. I remember when it was considered a bad idea to throw money into that region but Citi “saw an opportunity” and it turned out to be a 1.2 billion $ mistake.

Gotta chop the heads to make up for the loss. Here comes the blood bath. Good luck everyone.

Vps reporting to same vp’s. No thinning out. Help me understand how we’re cutting operating costs? Like seriously.
Literally hundreds of directors in sec which is a simple upgrade project su-king millions.
Resilience teams do nothing but peacock.
Half of support should be cut as vendors do the actual work.
This is getting ridiculous. Take some hard actions and let’s run lean in tech to do our part in getting Nike back in line. Jesus Christ already.

Per ignites article… if global markets continue to sour…could mean layoffs down the pipeline

Moving HQ from Dallas to Plano means billions poured into the new campus, long term lease, buildouts, utilities, security, and facilities just to force people into offices to sit on video calls. All cost. No return.

There’s a cheaper, smarter option leadership refuses to touch.

End five day RTO. Shrink or break the leases. Go remote first.

Office space costs large companies roughly $12,000 to $18,000 per employee per year. With roughly 130,000 employees, that’s $1.5 to $2.3 billion every single year. Over five years, up to $11 billion. Over ten years, north of $20 billion.

Instead of saving billions, leadership is lighting it on fire to defend a failed work model. Plano isn’t a strategy. Five day RTO isn’t leadership. It’s just another expensive mistake employees and shareholders will pay for.

I’m constantly surprised that people just aren’t getting it with AI. This is not a differentiator…everyone is adopting it. Verizon needs to adopt and implement it just to survive and keep competitive. It’s about nothing more than reducing the cost base as much as possible

Notifications will be given on January 12. Those subject will remain employed through January 16. Shared services is aggressively making cuts with no plans to fix lack of workforce available to fulfill client needs.
I work for a state agency that recently contracted with GWT for the promise of cost. I was against the negotiation, but I don’t have enough sway to have made it otherwise. I also used to work for GWT so I have this info passed to me first hand. Take it or leave it.

I, along with roughly 140 other employees, was laid off yesterday. This came just two weeks after being told by my department lead that while R&D was over budget, my role was safe.

Many of those impacted were considered high performers and had strong year-end reviews. This makes the decision feel less about performance and more like a short-sighted attempt to offset missed earnings targets.

A significant number of those let go were among the highest-paid employees on their teams, often with stronger stock and benefits packages. At the same time, the company continues to publicly boast about plans to hire 700 additional employees this year.

Cutting experienced, higher-cost employees to replace them with cheaper labor appears to be the new strategy at Axon.

Due to the huge losses on the Ford Lightening, Ford needs to cut office facilities expenses. Ford's turning the building heat off for the remainder of the Winter in the Train Station office.

Auto News posts story about Ford (and GM) pinching pennies to improve performance. Code for on demand price reductions coming your way. Now in addition to drastically reduced volumes and ultimate blame for recalls, your price is too high.

And the Ford clown show leadership continues on their way (but with good seats at the F1 race.)

Oil price is declining. R&D being trimmed down to help achieve structural cost savings on target. Poor value delivery observed in emtech and IP walking out the door.

Attrition is not winding it down fast enough as hoped. Some hipos will be sent to business over next few months in prep.

Recommend requesting a move out of emtech if possible

Long overdue. FnF no longer protected.

Corporations Viewpoint -

Of any employee.

The Bottom Line.

Remember this, always.

Employees are considered an (Expendable) line item due to Cost of Salary, and Benefits.

Corporations Viewpoint -

Of any employee.

The Bottom Line.

Remember this, always.

Employees are considered an (Expendable) line item due to Cost of Salary, and Benefits.

The argument AGAINST any ER was that in the past too many senior people took them and lots of tribal knowledge walked out the door.

Now with the company focus on AI and that AI should have absorbed a good chunk of that knowledge is now finally the time to get rid of a lot of the expensive folks that have been around forever?

While CEOs have spent months framing layoffs as a strategic shift toward AI-driven efficiency, the equity market has perceived recent layoff announcements as a negative signal about company’ prospects. "AI restructuring" is often a convenient cover for desperate cost-cutting necessitated by declining profitability.

When the bldg300 data center is finally (after 8+ years of false starts and lack of business case) in the cloud, the new ongoing costs will become apparent. And my prediction is that the executive level “surprise” at the true costs will be enormous. Of course there is no leaving the cloud once you are there at scale, so the issue will be figuring out how to pay for it. Some will say re-negotiation will be needed, but is likely unsuccessful with Microsoft as the provider. The cloud migration may result in a migration of more employees out of the company.

I love knowing I will be getting a raise that doesn’t keep up with cost of living while she’s here wearing about $100,000 worth of jewelry to wish us a happy holidays

Imagine all the money our SVPs and exec staff make and Bain still runs the company. A substantial number of decisions are all based off Bain recommendations. We could save millions upon millions of dollars if we got rid of most of our SVP layer kept some of our VPs and kept our Sr and Director layers and just used Bain.

Otherwise why do we need SVPs who are totally incapable of making decisions without Bain?

Prices go up but your modifier goes down down down!
Make less money and retire less quota with higher prices!
Eat those costs right from your own wallet!
Math doesn’t math in the world of Dell!

Every year they remove support services. Every year they want more. Next year we will be fixing our own computers. It will be literally diy everything (hr services, it, travel, hse, visa) oh and don’t work from home you get a roaming cube with no locker. At least it’s equitable, psg21-27. Would blow my mind being a 27 and using weeks of your annual time doing it, hr, admin services. Time value or money!

HyVee must be in some financial trouble if they are cutting programs to save money for the company. HyVee is a billion dollar company and they are try to save cost by getting rid of employees benefits. Tell me you are not in financial trouble without tell me you are in financial trouble.

Wells Fargo plans to eliminate 114 positions in Sacramento County, citing cost reductions and expanded use of artificial intelligence. Employees at the Arden Arcade location were notified this week, and the layoffs will begin in February.

https://www.sacbee.com/news/business/article313664050.html

Jobs are being shifted to India ASAP

Cisco Just invested Billions in India manufacturing and training while cutting training, offices and resources in the USA

Mohegan Tribal Gaming Authority has initiated RIFs. The Uncasville-based casino operator did not specify the number of employees affected. These layoffs are a cost-cutting measure projected to achieve $9 million in annual savings. The move follows continued net losses, despite higher fourth-quarter revenues. These reductions aim to optimize the company's cost structure and align staffing with strategic priorities amid weaker domestic resort segment results.

https://hartfordbusiness.com/article/mohegan-announces-layoffs-ceo-pineault-to-step-down/

Pfizer is implementing significant layoffs in Switzerland as part of its global cost-cutting initiative. The pharmaceutical giant plans to reduce its Swiss workforce from approximately 300 to 70 staffers by the end of the year. This consolidation will result in about 230 job cuts, affecting 100s of employees. The company stated the moves are to streamline and realign resources, reduce complexity, and optimize work. These actions align with Pfizer's broader goal of realigning R&D, reducing administrative expenses, and optimizing manufacturing operations.

• https://www.fiercepharma.com/pharma/pfizers-cost-cutting-drive-reaches-switzerland-where-company-plans-lay-hundreds-year-end

Every time they want a quick win on the balance sheet, the first thing they reach for is another round of cuts. There is no real strategy behind it, just the same tired playbook of downsizing teams and offloading pieces of the company. The people running the place have stopped trying to build anything and are just stripping it down piece by piece to make the numbers look good for a moment.

Next level cost cutting will happen for sure. Jan 1-20. Get ready with your resumes

The Lebanon, Tennessee-based family-dining chain did not say how many employees will be affected by the restructuring, which is taking place in two waves. But the company estimated that the process will save it $20 million to $25 million a year.

https://www.restaurantbusinessonline.com/financing/cr--ker-barrel-cuts-corporate-staff-sales-profits-tumble

Just out curiosity how many locations where treated to a holiday party?? As mine didn’t have one yet? Savings or just more deterrents to not stick around!!??

Think you had a good party? You don’t know what you are missing. Even in past downturns when they cancelled parties for us and best we could do was a potluck that you had to pay to attend at some neighborhood HOA clubhouse they continue to party like oil is over $100 a barrel!

Effective 1/1/2026, UHG/Optum/UHC will reduce the maximum for their 401K match from 4.5% to 3.5%.

In case anyone was wondering if they're trying to get employees to give up and leave.

I go in to the office three days a week, I have a short commute and I don’t mind because the gym and stores are on the way so I just get errands done I’d do otherwise. However the office remains unchanged from my remote setup. I collaborate with my team in different time zones including India and customers scattered across various time zones . I’m an Eastern Time employee located in a hub location, my office is mostly deserted every day. People are coming in late and leaving early. Collaboration here is minimal; people are either too busy or stuck in their own silos, making it difficult for collaboration and I don’t think my Director would even want me to just start collaborating with other departments just to do it. We are already busy enough. I find it better to just collaborate with AI, which can be done from home.

But how can we measure success? I recall hearing about company savings when employees worked from home. Shedding costly Realestate. Do we have a measure for the success of the collaboration? In these though times for VZ, how much are we truly saving by having staff onsite? After all, we want to cut CapEx, right? I feel the leaner, scrappier, thing to do would just be to better monitor remote employees to save $.But maybe someone will show me the numbers proving how RTO helps the new strategy.

It looks like T-Mobile is also laying people off. Impacting managers and directors rather than ICs from what I can gather online but I have no direct knowledge.

It’s likely that the new CEOs at VZ and TMUS are engaged in a price war hence the cost cutting.

Dan Schulman's headcount cuts at PayPal, primarily in 2023 (around 2,000 employees) and 2024 (another 9% of workforce), were a strategic move for operational efficiency and cost reduction in a tough market, saving significant annual costs (estimated $260M+), but whether they fully "helped" is mixed, as the company continued restructuring and facing competition, with Schulman moving to Verizon.shortly after, indicating ongoing challenges in the sector.

Why the Cuts Happened:
Economic Headwinds: Fears of a global slowdown and inflation pressured tech companies, requiring adaptation.

Strategic Pivot: The cuts aimed to streamline operations, increase efficiency, and better compete with agile fintech rivals.

Cost Management: A major goal was to reduce expenses, with projected savings of hundreds of millions annually from the job cuts.
Impact & Outcome:

Short-Term Savings: The layoffs immediately reduced employee-related costs, with estimates suggesting significant annual savings.
Strategic Modernization: The restructuring aimed to modernize PayPal's platform, simplify processes, and improve scalability, but it was an ongoing effort.
Leadership Transition: Schulman stepped down as CEO in late 2023, leaving the company to continue adapting under new leadership, while he took on the CEO role at Verizon in 2025, implementing similar efficiency drives.
In essence, the cuts were a necessary cost-cutting measure to improve efficiency, but they reflect a broader industry shift, and their ultimate success is part of a longer-term story of PayPal's evolving market position.

Jan 30, 2023 — PayPal CEO Dan Schulman announced that the company is cutting 2,000 employees, or about 7% of its workforce.

Payments Dive
PayPal to cut 9% of workforce to bolster efficiency - Payments Dive
Jan 29, 2024 — PayPal to cut 9% of workforce to bolster efficiency

This company is circling the drain. Cutting by 1% the match. Cutting costs everywhere. You just lost whatever raise your were getting. Actually worse with the health insurance rises.

Layoffs, lean projects, slow attrition, all of it stretching into FY26. Budgets are down across teams, and even if you survive the cuts, raises and bonuses are going to be miniscule or won't even happen. Being kept on doesn’t mean things look brighter for any of us.