#costcutting

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.

Verizon CEO Defends 13,000 Layoffs Amid Market Share Struggles

Verizon’s new CEO, Dan Schulman, has vigorously defended the recent decision to eliminate 13,000 jobs, framing the mass layoffs as an "inevitable" step to save the company from continued decline. In a candid all-hands meeting on December 5, Schulman attributed the telecom giant's struggles to "self-inflicted wounds," including complex promotions and price hikes that have alienated customers and eroded market share.

The drastic workforce reduction, executed in November, was part of a strategy to "simplify" operations and free up capital to improve the customer value proposition. Schulman, who took the helm in October following the ousting of Hans Vestberg, argued that minor cuts would have been insufficient. "If we don’t have enough money to put back into our value proposition to customers, we are going to continue to shrink," he told employees.

The layoffs come at a time when Verizon is grappling with significant performance issues. The company reported a loss of 7,000 postpaid phone customers in the third quarter of 2025, with a churn rate rising to 0.91%. Schulman noted that Verizon has lost 500 to 700 basis points of market share over the last five years. He frankly admitted that customer satisfaction scores are lagging behind competitors like T-Mobile, a situation exacerbated by price increases that have "irritated" subscribers.

Verizon's job cuts were a major contributor to a spike in unemployment within the telecommunications sector. According to data from Challenger, Gray, & Christmas, the industry saw over 15,000 job cuts in November alone—the highest monthly total since April 2020. This move aligns with a broader trend of workforce reductions across the U.S., where job cuts surpassed 1.1 million for the year, with the tech and telecom sectors being particularly hard hit.

https://www.thestreet.com/retail/verizon-ceo-reveals-mistakes-that-led-to-over-13000-layoffs

do a a quick google search, multiple articles released today. Feels like they are easing into what’s to come.

Corporate teams just spin papers, PowerPoint and wage a lot of time in meetings
Look at all failed product launches, marketing initiatives, strategic bs, bad acquisitions.
Yet its regions who have to pay the price

You either bring people who can do the work to where it is, or the work will go to where the people who can do it are.

Well, another Edward Jones long standing tradition has met it's end.

Regional award ceremonies will now be conducted during a week day morning instead of a nice ceremony where you can bring a spouse.

Maybe its too expensive now for the little people to be honored? Wonder if TAP trips are next?

I get that losing the WB bid shouldn't technically touch us, but with this leadership I can't shake the feeling they'll react by doubling down on cost cutting and trimming more people than they originally meant to. Maybe it's paranoia, but when big egos take a hit, they usually find someone else to pay for it.

It felt good. Really good. I know of three friends doing the same from the layoffs. Total lines are 26 leaving. The bill becomes untenable. Twice the price for the same customer service. Same overseas reps too. DPAs are paid too. No commitment. Just pay the final bill.

Manufacturing and mining-related industries are becoming riskier as companies reduce costs and adjust production.

There’s no real plan. Just cutting into oblivion won’t magically make the company better, more efficient, or more profitable. And no, AI can’t replace people, unless someone is aiming for an epic fail.

Will not specify what departments but Sr. Managers have the picks and HR has been notified. Also for next year we have operational changes and more business consolidation, a plan to cut 5% of the workforce for cost savings is in discussion. I hate this part of my job and this is how I vent. Im sorry

AT&T’s latest office shuffle in San Antonio is fueling speculation about the future of its downtown Dallas headquarters.

The telecommunications giant confirmed it will vacate its office at 1010 N. St. Mary’s Street in San Antonio and relocate to the city’s West Side, according to the San Antonio Business Journal article published September 29.

The move will leave about 400,000 square feet vacant in the city’s downtown office market, which has already been weakened by recent corporate exits.

Sources familiar with the transaction told the San Antonio Business Journal that AT&T signed a deal last week to occupy more than 100,000 square feet at The Reserve at Westover Hills, a suburban complex that had been largely empty since 2021.

Grok Avaya Update December 2025
-- Quoting a November 2025 discussion board that details about 19 U.S.-based cuts on November 17, attributed to leadership decisions and talent exodus in sales and design teams.
-- Avaya, a communications software firm, has executed multiple workforce reductions in 2025, including voluntary exit packages in September and over 30% staff cuts at its India hub in October, amid restructuring post-2023 bankruptcy
-- A separate Union-employee specific layoff announcement from October targets an unspecified number effective December 8, 2025, reflecting ongoing cost pressures in the #cloud and #AI-driven tech sector despite $1 billion annual revenue.

The heading says it all

Newell Brands will cut 900 jobs, or 3.8% of its global workforce, and take up to $90 million in restructuring charges, the Sharpie maker said on Monday.

The company will also close about 20 Yankee Candle stores in the U.S. and Canada, collectively representing roughly 1% of brand sales of the scented candles, by January next year.

https://www.reuters.com/business/retail-consumer/sharpie-maker-newell-brands-to-cut-900-jobs-take-up-90-million-charges-2025-12-01/

Corporate office here. Our team cancelled our Holiday Party due to budgetary concerns after our recent acquisitions. Has anyone else experienced this issue?

My manager has confirmed that “performance layoffs” will be implemented if the launch of Goosehead’s new AI Lily is successful. That’s why everyone in service was written up for something, to set the scene for firings that are designed to cut costs. That’s also why RTO is slated for February, to cut more staff. Charl Lombard and his McKinsey ilk are behind this nonsense, thinking that hold times will be improved by Lily and then they can cull the flock. Yeah, we’ll see

I thought dan was trying to cut costs?

They act like loyalty is optional and cost cutting is the only strategy. It’s demoralizing to know someone cheaper is always lining up for your job.

https://www.freepressjournal.in/tech/nasscom-foundation-and-ibm-partner-to-skill-87000-underserved-youth

A.I. saves money. Hourly rates are lower.

BoA downgrade, split company.

Expect more layoffs in December.

The ship is sinking mates.

ABN AMRO plans to cut 5,200 full-time jobs by 2028, it said on Tuesday, as the Dutch bank seeks to deliver on its cost-cutting promises and focus on its core businesses.

The reduction, equal to more than a fifth of the lender's workforce, will affect all business areas, including recently acquired Hauck Aufhäuser
Lampe and NIBC Bank, CEO Marguerite Bérard told Reuters.

If you can’t already tell. CIO is under increased scrutiny for headcount. They are looking to reduce costs/headcount by 10% across all CIO pillars for 2026 and achieve something called “reimagine work “ by 2027? I’m not sure what reimagine work is but doesn’t sound good. Especially if it’s following a goal to reduce costs.

It is now new tactics to save money. Giving forced NS to senior person and lay him off without giving any severance package. Thus company is saving money.This is new trend in visa

Cant believe how poor the Management and Shareholders are in this company.

I could turn the situation around easily, spin off the insurance to Private Equity or IPO for $2billion, which will pay off all the debt.

Your left with a cash company generating Free Cash Flow of $400 million with no debt on a PE of 20 thats $8 Billion= $48 per share.

I would not hire any new folks, natural wastage would get rid of 20% of the workforce in the year, i would get rid of the several layers of management, the existing employees would retrain if they were offered a good pay incentive, FCF would rise to $450 milion, another $10+ on the share price to $60, then get some bolt on Acquisitions.

If Fernandez isnt going to grow the Company this is about to happen soon.

And push as many of us out as they can along the way. Anyone who thinks this is about anything other than maximizing profits by getting rid of people on the cheap is being naive.

It’d be great to see the real numbers. Anyone who’s actually used AI knows it’s nowhere near reliable enough to replace human work outright. And yet we keep hearing that “AI-driven layoffs” are the future, when most reports say many of those jobs aren’t being replaced at all, or they’re being sent offshore. It feels like nothing more than old-school cost cutting dressed up as innovation. At the end of the day, it’s plain greed and leadership completely out of touch with the people who actually keep the place running.

The way the company is being run is unsustainable and frankly, deeply disappointing. Chris Cartwright has 100% bought into this ba----dized form of capitalism in America where shareholder value is the benchmark of success and nothing more.

There is no concern or respect for the employees, the single concern is profit and profit margin, but only for shareholders.

We continue layoffs despite being highly profitable and overachieving in regard to our forecast. We continue to have our resources and tools stripped away in attempts to save cost. The expectation then falls to the remaining employees to do more with less. The real economy (food prices, healthcare costs, childcare) is in recession due to rapid inflation and heading toward depression, yet employee pay has not even remotely kept up with rising real life costs.

Additionally, we are currently launching a platform for fraud prevention that is embarrassingly underdeveloped due to a lack of resources in software, developers, and engineers. This project is being spearheaded by an Advisor who is so blinded by career ambition that their lazer focus is on getting the product launched, so that they can receive the accolades and career advancement that comes with such success, but this Advisor seems unable to see that they are driving the launch of a product that is simply not ready to face customers. This lack of foresight is common here and I believe it’s because those affected are the boots on the ground employees who’s workloads and expectations continue to rise, but those in managerial or advisor positions do not have to feel the day-to-day impact of this approach.

To continue, every idea comes from the top down. The voices of the frontline employees are often ignored. Live training is avoided at all costs, even when it is explicitly requested or the need expressed. In fact, employees are often condescended to with responses like, “we encourage you to be more proactive in your training” and explore other resources such as a wiki page; suggesting that as if it weren’t a grossly false equivalency. In addition, the responsibility is placed on frontline level employees to document and log every single action that that is taken. There seems to have been very minimal effort on the part of management to figure out and implement a way to track employee productivity that is more comprehensive than insisting that their employees take the time and effort to not only do the work, but then log their work so that management doesn’t have to take the time and energy to do so. All of this despite a strong push for increased efficiency. Does no one in leadership or management see how this looks to the average employee? It is so ridiculous that it’s laughable—and believe me, employees are laughing amongst one another because it’s either that or cry.

Moreover, the current climate in this country has not adequately been addressed by TransUnion leadership or HR. There are ICE body snatchers out in this country, the epicenter of which is Chicago at the moment, and the silence from this organization is deafening. Violence is occurring in this company’s front yard, but not one individual in leadership has had the courage to acknowledge it; no emails with resources for what employees should do should they be illegally detained, No support for our colleagues who may be targeted simply for how they look, nothing.

Cartwright and Venkat are displaying for every employee how ethically and morally bankrupt this organization is with the two of them at the helm.

It’s embarrassing and it is despicable.

One of Oracles major downfalls is when they outsourced to JLL. Oracle, DW thought it would be a great cost cutting measure , when I fact JLL is doubling the price of everything they do for Oracle. Our buildings are literally falling apart inside and out. Such a shame.. Peace and love all.. Try and enjoy the holidays all that matters is family..

Crystal Dynamics has been hit by another round of layoffs. The cuts r due to restructuring and cost reductions. More to come.