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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.
IT has so many departments and similar functions. IT is a service, why not eliminate most of them by contractors and real IT companies. So many IT workers looking for work with AI so the pay and market availability is now a great time to lower our cost.
Keep the chemical engineers and people in the field paid well. They are out in refineries and terminals in harsh conditions. Why pay them the same?
Most of them are useless and over paid and couldn’t get another job in the market.
John Deere man look into IT please!!!!!!
So many Losers!!!!
I am told verbally, that in my area this cannot now happen owing to 'costs' and saudization. Even after 6 years in the same Grade Code... Anyone have any news I am missing out on, or should I get that resignation letter sent asap?
I was a case manager for IOL 2020 layoffs, long since left. My tips for yall trying to survive:
1.) Mobility, max
2.) High Performers with salaries ABOVE grade not necessarily safe with intent being cost cutting.
3.) Experienced hires, good luck.
Today, my manager informed me that I’m part of the next round of actions, as my role is affected by the organizational health measures set by McKinsey. My team is being reassigned to different functional lines, and my manager mentioned that the RIF notification date is scheduled for 11/19. It appears that McKinsey’s recommendations are driving how our business is structured and managed, with decisions being made based on a set of data rather than the real work being done.
Word on the street is that new CAO Scot Rogers summoned ALL VP+ roles from around the world to Possible LA this week. Everyone VP and above. Seriously? Why? Most of those people have zero to do with sales or customers. That's a TON of expense for a company that is underperforming at epic levels and laying off really good people every few months. Has anyone at the top even looked at the stock price recently? TD is being SO poorly managed. Why hasn't the Board fired Steve McMillan yet? He's clearly incapable of steering the ship around the giant iceberg directly in front of him.
All software and IT teams who are more contractually required to be US based will be required to be at 70 pct offshore. No rehired in US until achieved and R required otherwise.
I was told by our manager a reorg is comming by the end of the year. We were told some of us were moving to another site. This reorg is supposed to cut costs by reducing redundant positions. There is no talk of layoffs but movement of personnel to optimize operations. I believe it is another way of forcing more employees to leave or retire. I will retire instead of changing positions.
Next cost cut will be the end of flights and camps at Kearl.
Relocation to FTM or severance!
Large scale RIF's coming this month! There is a memo currently doing the rounds with management, looking for additional departmental cuts. They initally are looking to trim the fat. Like before Attendance, time keeping, performance, etc.
Elliott Investment Management are undertaking large scale cost-cutting imitative along with other cost saving and restructuring initiatives. The RIF's will begin this month and continue through to 2026.
Elliott are planning to undertake a number of acquisitions of specific medical device companies, with the end goal being to transfer products to more competitive countries. Keep watching this space, for the types of companies bought and country they are situated in. This will give a good indication as to which facilities are for the block.
I'll go first:
It’s purely cost reduction. That’s why we’ve been losing so many veterans, experienced, and competent people. It’s always about the bottom line. It has nothing to do with dedication, creativity, resourcefulness, or hard work. Being a valuable contributor has become more of a burden than an advantage. Quality comes with a high price tag.
This has to mean more layoffs are coming right?
Sometimes, the truth is stranger than fiction.
How, such a large group of inept middle and upper management can congregate in one place and conspire to hollow out the will to live of so many valuable employees across the globe, is a miracle to behold.
One bad decision follows another, and another and another. Cutting costs of everything to the point where services cannot be effectively provided to customers, while barking on about what a powerhouse they are and how it's all going to change with the reinvention. Which actually means outsourcing everything to the cheapest bidder and it now not working correctly.
Diversity and inclusion are pushed and sold to employees every day, yet all that is encountered is segregation, exclusion and discrimination unless you are in the club. Speak up for what's right and the ranks are closed and the fairy tales rehearsed with the useless, non-existing support network for employees, who are in management's back pocket.
CEO club is over, and so is your honeymoon.
This is so asinine and an obvious employee dissatisfier that could it be they are doing it to push people over the top so they leave themselves? A lot less to pay in severance. I just can't imagine anyone making that decision on something that shouldn't cost the company that much. It's got to be strategic decision.
Office Rent field staff work from home save $10m per annum Close 30 region office spaces
Investment Advice 401k/403b accounts. charge 50 bps. Raise $15m per annum
Surrender\mva Implement raise $10m per yr
CIT switch to CIT in K plans. Save $10m annually
IT/call center farm out 75% to India, Phllipines, and Romania savings of $15m
early retirement buyouts save $10m
eliminate special 3 yr vesting shares for execs cost savings $10M
can field exec vp $1m saved
senior vp & above comp cut to save $5m per An-us
Eliminate anthem&cvs racketeering save $10m per an-us
cap management sell/farm out use seeking alpha, chaiken alalytics, and AI Quant exclusively to save $10 m per pen-is
1 ply toilet paper* use 1 ply toilet paper to save $12,500 per yr
do all of this sch-it and the comp-any will turn key profit yr after yr. what are u eating for.
There’s some serious stuff going down at IOL….
————-
Dark side, only way to survival
They can only offshore things that are in perfect shape , running smoothly, with cost targets achieved.
We learned that the hard way at Kearl and Cold Lake. We drove massive cost savings, brought the assets to top-tier performance, even down to second-lowest operating cost. Back then, they needed us. We were told, If we can hit these targets, everyone’s safe.
Turns out, that’s a lie. You can’t build sustainable savings by cutting people and replacing them with cheaper labour. Everyone from bottom to top knows this, it’s not rocket science.
The truth? Once you deliver those savings, you’ve basically signed your own layoff notice. The very success you built becomes the excuse to downsize you.
So yeah, don’t ki-l yourself trying to save a company that wouldn’t blink before cutting you loose. Do your job safely and smartly, but stop carrying the weight of “shareholder value” like it’s yours to protect.
Scr*w production, extend downtimes… f-k up regulatory stuff…. give them shockwaves… impact should be felt at market level… if nothing changed... it’s a stamp that we were not required at the first place and cheap Indian labour can sustain it.
Focus on your own value, your growth, your skills, your security. Because the system doesn’t care about you. It’ll take everything you give and still ask for more.
So stop feeding the empire, sc--w it .. they can’t offload high cost assets….those who left it’s only way to stretch your employment duration and pump your pension.
Dark side - only way to survival
They can only offshore things that are in perfect shape l, running smoothly, with cost targets achieved
We learned that the hard way at Kearl and Cold Lake. We drove massive cost savings, brought the assets to top-tier performance, even down to second-lowest operating cost. Back then, they needed us. We were told, If we can hit these targets, everyone’s safe.
Turns out, that’s a lie. You can’t build sustainable savings by cutting people and replacing them with cheaper labour. Everyone from bottom to top knows this, it’s not rocket science.
The truth? Once you deliver those savings, you’ve basically signed your own layoff notice. The very success you built becomes the excuse to downsize you.
So yeah, don’t ki-l yourself trying to save a company that wouldn’t blink before cutting you loose. Do your job safely and smartly, but stop carrying the weight of “shareholder value” like it’s yours to protect.
Scr*w production, extend downtimes… fuk up regulatory stuff…. give them shockwaves… impact should be felt at market level… if nothing changed... it’s a stamp that we were not required at the first place and cheap Indian labour can sustain it.
Focus on your own value, your growth, your skills, your security. Because the system doesn’t care about you. It’ll take everything you give and still ask for more.
So stop feeding the empire, sc--w it .. they can’t offload high cost assets….those who left it’s only way to stretch your employment duration and pump your pension.
Rebates gone, no where to hide, they will cut heavily
Just some food for thought regarding Glenview capital. Remember in the deal they made with CVS, they got 4 seats on the board. (In addition to obviously getting the CEO replaced as well) That said, with four seats on the board of directors, they want more than just a seat at the table, they want a say in how the company is operated. Glenview is private equity, remember that. Look at Walgreens getting bought out by private equity and already Sycamore has wasted no time making cutbacks. It might explain everything that’s happening right now at CVS. Private equity is behind the scenes calling the shots. And private equity is all about money and profits and maximizing value for investors, at all costs, and nothing else.
The quarter is looking so rough and it’s hard to imagine 2025 closing above $10 a share. By mid-2026 exits from both institutional investors and larger accounts can only speed up, meaning the stock will see under $8 and more like the upper fives by end of 2026. The second half of 2026 will very likely be brutal on the layoffs front, we will see daily scrambles to cut costs and preserve every single cent. Some of CES’s best bits will probably cheaply end up in the hands of third-tier and fourth-tier competitors just to raise cash. Then comes 2027 and a Chapter 11 filing will look much less like a possibility and more like a certainty. Honestly Rawul should already be on the phone with a seasoned bankruptcy lawyer.
For short sellers out there the momentum is on your side.
Chevron is beginning to resemble Boeing during its most turbulent years. Leadership has implemented aggressive cost-cutting measures, resulting in significant layoffs and extensive outsourcing—decisions that have compromised both operational stability and long-term innovation. The normalization of constant disruption has led to safety concerns that were previously unheard of, and the workforce is visibly strained, both mentally and emotionally.
Despite this, executive compensation continues to rise, and shareholder returns remain disproportionately high. There appears to be a disconnect between leadership and the realities on the ground. The lessons from Boeing’s missteps—particularly the consequences of extreme cost-cutting—seem to have gone unheeded.
Rather than acknowledging their role in the current state of affairs, leadership is likely to deflect responsibility onto employees. The decisions made by Mike and Mark have had a profound impact on Chevron, and accountability is essential. At a minimum, their compensation should be redirected to support the remaining workforce. Ideally, their resignation would mark the end of what many now refer to as the “Chevron Dark Ages.”
https://www.msn.com/en-us/money/topstocks/3m-company-mmm-targets-25-margin-expansion-launches-1-000-new-products-by-2028/ar-AA1NtvBY?ocid=finance-verthp-feeds
Rumors are the Ford will freeze salaries and reduce hiring in '26 in a effort to lower cost and be more financially flexible given macroeconomic uncertainty and stiff international competition.
On a recent visit to Home office, I noticed an open bar (with paid servers) providing free beer and wine each evening we were there. I’m at a bit of a loss as to how this helps clients and why it is better to have this than the home office representatives who were laid off.
Remember when they told us that if we help "them" get to $12 and $16 respectively at CL and Kearl all will be good and we will all be safe.....yeeeeeeeeahhh
It was the night before Q4 and all through the house, workers are scared as a mouse.
STS has efficiency gains on the horizon with AI sanctioned as the Zion.
But In all seriousness. Cost cutting headwinds feels like Q4 is setting itself up as a repeat of the past few years.. hold onto your britches and to all a good night
Predictions indicate that ExxonMobil may face significant layoffs in 2025 due to ongoing cost-cutting measures and restructuring efforts.
Context and Predictions
Recent discussions among employees and industry analysts suggest that ExxonMobil is preparing for substantial workforce reductions over the next few years. Concerns have been raised about the company's commitment to achieving $7 billion in structural cost savings, which may lead to layoffs across various departments and locations, including key operational areas in the United States and internationally.
Employee Sentiments
Many employees express anxiety about job security, citing a culture of increased micromanagement, turnover, and a push for higher productivity with fewer resources. There are indications that the company may continue to outsource jobs and reduce benefits, further contributing to a challenging work environment.
Financial Performance
While ExxonMobil reported strong financial results in the second quarter of 2025, including earnings of $7.1 billion, the company is also focusing on cost-saving strategies to maintain profitability amid fluctuating market conditions. This dual focus on financial performance and cost reduction may lead to difficult decisions regarding staffing levels.
ExxonMobil
In summary, while ExxonMobil's financial health appears robust, the combination of cost-cutting initiatives and employee concerns suggests that layoffs could be a significant aspect of the company's strategy moving forward into 2025. Employees and stakeholders are advised to stay informed about developments as the situation evolves.
Reynolds School District weighs cuts to avoid midyear layoffs
Facing a 5.5 million dollar budget gap, unions in the Reynolds School District proposed cutting two days from the calendar to save about 1.1 million dollars, aiming to avert disruptive midyear layoffs.
District leaders say the savings would not close the hole and have proposed unpaid days that union members rejected. The budget talks continue amid broader fiscal strain.
https://www.oregonlive.com/education/2025/09/as-oregon-school-district-faces-midyear-layoffs-unions-float-cutting-2-days-from-the-school-calendar.html
Anyone have any more intel on the proposed contracting out of Shell US legal work management to Norton Rose Fulbright and Baker Botts? Would mean a significant reduction in attorney staff with legal cases and litigation then overseen for key issues by only a handful of Shell senior attorneys. Another cost savings move in the offing.
ANZA has deleted many working staff via redundancy due to the excuse that there is no work forecast.
Will any of the leadership team or line managers be removed ?
If there is no work, why are account managers and sales executives needed ?
Should ANZA stop sending executives to junkets such as Mobile World Congress and Telecommunications Industry Excellence Awards ?
With new 100k fee, Dell will not apply most H1B visa and offer applicants same job but oversea office. Or if necessary, Dell can hire minimum residence in US. Either way , it is a huge cost savings.
Honestly we will never get to the 2 billion number by laying off a bunch of low level employees barely making 6 figures. I see a few big names leaving but hardly enough. We all know we are top heavy. Discouraging not many more have been announced.
Layoffs linked to financial pressures and restructuring for efficiency and stability
First Round of Layoffs (June 2025):
Second Round of Layoffs (September 2025):
Reasons for Layoffs:
I guess all that money spent in Texas and the Carolinas has caught up!
These cuts may save Google mere thousands; they also come as Google faces increasingly strained relationships with news publishers. August data from the trade association Digital Content Next showed median referral traffic from Google Search to publishers fell 10% between May and June of this year, with non-news brands experiencing 14% drops.
https://finance.yahoo.com/news/google-isn-t-kidding-around-052549029.html
Another brilliant move from Helen, our CFO. Never a thought for the employees or the long term growth of the company but just endless rounds of redundancies, reorganisations, cost cutting, and not this: scrapping company mobile phones and instead offering staff a measly £6-8 per paycheck. What a farce - is this how you value your employees?
Back in May, she pocketed 2-3M in retention options for absolutely no reason. Meanwhile rest of us are left to deal with the fallout of her decisions. Frankly, it’s poetic justice that’s she is now underwater with those options give the damage she caused.
This decline began the moment she joined the company. She wrecked the sales organization with her favorites in bloody sales leaders, and now dragging down the entire company. 40yrs of culture undone in no time at all with her. Her tenure as CFO will be remembered as a failure, plain and simple.
And as for the CIO - what a disappointment to blindly follow her lead and send out that message about axing mobile coverage. Shame on you.
Hoping Sanoke can turn things around before it’s too late.
In the spirit of cost cutting, why are we still funding extravagant sports and concert boxes for our leaders? A whole crew of junior female managers and their daughters at Toyota Center for today’s concert. I guess us plebes pay while others get the spoils from our fallen colleagues.
Wegovy maker Novo Nordisk has cut a U.S. sales team focused on obesity and diabetes education for healthcare providers, according to two sources close to the company and LinkedIn posts reviewed by Reuters, an early sign of the dr-gmaker's push to cut costs and regain ground on rival Eli Lilly.
https://www.reuters.com/business/world-at-work/novo-nordisk-cuts-us-obesity-education-team-layoffs-begin-say-sources-online-2025-09-18/
I was laid off a couple weeks ago. I can still login because of my 60 days. It is a kick in the nuts to see they have already onboarded several consultants to cover our work and then see postings go out for more junior roles on my old team.
It su-ks to be at my age because it is clear they are going after us. They don’t want to pay us what we are worth anymore. Let’s hire inexperienced talent now so we don’t have to pay them.