#costcutting

How many more people have to lose their jobs before leadership admits its plans aren't working? This place keeps cutting staff and spending while morale, trust, and the business itself continue to suffer. What do we need to do to see some change?

Enough is enough. All these GCCs mushrooming across the globe aren’t savings, they’re a massive cost drain. On paper we pitch it as labor arbitrage. In reality, we’re bleeding money in many ways no one wants to put on a slide.

Here’s what it actually costs the company:

Duplication and rework: The same work gets done 2x, 3x, 4x across several functions and regions because no one is clear on ownership. Then we pay again to undo and redo it.

Coordination tax: Endless meetings, handoffs, time-zone ping-pong, and “alignment” calls that add zero value. Hours turn into weeks.

Quality and speed hit: Confusion over who owns what slows decisions to a crawl. We ship late, ship broken, and pay to fix it.

Attrition and morale: Good people burn out navigating the bureaucracy and leave. Replacing them costs more than we “saved.”

Leadership overhead: We keep adding layers just to manage the GCCs instead of managing the business.

Needless travel and real estate: do we even have a number of how much we spend on T&E with GCC travel as well as the real estate?

So leaders, stop hiding behind “labor arbitrage.” Wake up. Stop the endless mushrooming of GCCs. Have some common sense and dignity, and start running the company like you actually care about costs and outcomes.

The Web3 industry is experiencing significant job cuts, with many companies citing AI as the primary reason for layoffs. However, a substantial portion of these companies admit that financial pressures are the true underlying cause. This trend is reshaping the employment landscape across various sectors, including technology and finance. The rapid and severe nature of these layoffs has left many employees blindsided and struggling to find new opportunities. The industry's future viability is being questioned as these challenges persist.

United States

https://www.panewslab.com/en/articles/01a1a4a3-593f-7285-ae7d-f74c0fa127ec

We wouldn't need so many cuts if we simply stopped hiring for a while.

So all the talk of cost cutting and sc--wing the share holders, senior staff still receives quarterly bonuses through 2028.
This is costing Xerox millions of dollars. Regular employees see nothing, stock holders now see nothing, and they are taking the company directly into CH 11.
How is this legal use of funds???

In the deregulation and AI buckets, laying people off. Which by the way, hasnt really helped with non interest expenses much. It certainly hasnt helped top line growth. And we keep missing earnings expectations.

I wonder how it will turn out now. Elizabeth Warren is probably firing up her Copilot Subpeonas right now.

We need new President and VPs. Time they paid employees properly, leaders capable of focussing on growth instead of constant cuts.
10 years of this old Management has failed DXC, new leaders required people are fed up.

Assuming an average annual cost of $125,000 per employee, factoring in the mix of SVPs, VPs, Directors, Senior Managers, and the company’s cost of benefits, $1 billion in savings would translate to approximately 8,000 positions.

If only 1,000 employees have been impacted so far, that would account for roughly $125 million, or just 12.5% of the announced cuts.

I realize the $1 billion in cost reductions may include expenses beyond payroll, but if a significant portion is coming from workforce reductions, wouldn’t that suggest this first wave of layoffs is just the tip of the iceberg?

Am I missing something?

Cigna can't keep expecting fewer employees to carry the burden of every cost cutting decision. Leadership needs to own the situation, hire enough people, and stop treating fair pay as an afterthought.

What's wrong with Disney? Most of us are overworked as it is. Why do they think they can keep cutting and everything will stay the same? Same amount of work on fewer and fewer people is not a sustainable strategy.

If layoffs are the main way a company improves its financial results, something is wrong with its business model. Eventually, there won't be enough people left here to keep things running properly.

Any they were immediately let go when he was gone when it was determined you didn’t need to pay 80 million dollars for people to run efficiency sessions. Funny their only other big clients were at PNC and BOA.

When Corrupt ML comes asking for another 80 million for efficiency initiatives, have the courage to ask if it can be done in-house

I don't have much hope, considering that every layoff so far has been about money and cronyism, but I guess we can always hope. Let's face it, it's not that we don't have fat that can be trimmed at Cigna. It's that the fat never actually gets trimmed, and it's the muscle that pays the price every single time.

So if Xerox is looking to cut per copy cost AND many of their machines are going to the Lexmark engines why can't they start reducing the expensive EA toner from Webster plant and switch over to the Lexmark Unison toner?
The union in Webster must be way more expensive that making it in terriff free Mexico anyway, right?
If they need the EA toner for legacy machines why not make it in Mexico where the Unison toner is made for Lexmark.
Wouldn't this concept make us more competitive and still make substantial profit?

Got laid off in July during that round of RIF and while I was going through my closet and kitchen today to donate some items to Goodwill I found so much useless CDW stuff that was given to me during my tenure there.

A full set of copper Moscow mule mugs that have the CDW logo on them. Multiple vests with the CDW logo. CDW shirts (which I know are standard for conferences, but I have several of the same kind that were always just given to me even when I said I didn’t need any more). A standing desk pad. Detachable keyboards. Mugs. Cups.

So much useless junk, and I wonder how much money was spent on it while they’re doing round after round of layoffs and reductions in force.

Management hyped up getting better health plans this year, which just means a more expensive one. They massively hiked the premiums for the top tiers, and for the basic plan, they quietly raised our deductibles and out-of-pocket limits. Its frustrating to see which direction the company is going

Virgin Media O2 is reportedly planning significant layoffs as part of a broad restructuring initiative. The company aims to reduce operating costs through these measures. Approximately 4,000 employees, or about a quarter of its workforce, may be affected. These redundancies are expected to primarily impact non-customer-facing roles. The company has not officially confirmed these plans.

London, United Kingdom

https://www.ndtvprofit.com/business/virgin-media-o2-layoffs-up-to-4-000-jobs-at-risk-in-major-restructuring-report-says-12263534

Alaska Air Group is implementing a reduction of 125 jobs in Washington as part of a larger effort to eliminate 200 positions across the company. These layoffs will affect nonunion, back-office employees, excluding pilots, flight attendants, and other operational staff. The company cited significant projected annual losses due to high fuel prices and geopolitical pressures as the reason for these cuts. Affected employees will continue to receive pay through the end of the year. This move is intended to help the company maintain competitiveness and focus resources on long-term strategic priorities.

Seattle, Washington

https://mynorthwest.com/local/alaska-air-group-washington/4292357

we keep cutting back on support roles while investing more in AI. $80+ M in severance costs in Q3, grew quite a bit. Sales ops has been hit particularly hard, AI is now handling work that used to require 100+. more salespeople added and AI engineers but need fewer people in supporting roles... the push to do more with fewer employees will continue into 2027.

This Holiday feels particularly rough and lacking (for obvious reasons with the economy) just wondering if any other regions have had some success making it through. I’m getting nervous that next year they’ll be doing more layoffs and cutting more corners.

A friend of mine at Shell told me they started the India BTC trend so are a few years ahead of us on the journey. She said they have tried and failed to make it work and are starting to back away from the model as their data tells them it isn’t working and they have tried and failed to make it work. Anyone else hearing the same?

Two San Francisco-based technology companies, Front and Dropbox, have announced significant workforce reductions. Front is laying off 53 employees, while Dropbox is cutting 57 jobs in its San Francisco offices. These layoffs are part of broader global reductions for Dropbox, which is eliminating approximately 200 positions. The companies cite reasons such as building a more sustainable business and focusing resources on key priorities. These cuts add to a growing trend of tech industry layoffs in the Bay Area.

San Francisco, California

https://www.sfchronicle.com/bayarea/article/front-dropbox-techlayoffs-22502946.php

I can't figure out whether we're about to become one of the biggest winners in AI or whether this whole thing is going to blow up in our faces.Mgmt keeps talking about OCI growth, AI contracts, partnerships with NVIDIA, OpenAI, and everyone else. The numbers look good on paper but internally it's hard to reconcile all the excitement with what we actually see day to day. OCI still has plenty of issues, and I don't exactly hear coworkers talking about how great our technology is compared to AWS or Azure. My biggest concern is the amount of $$$$$$ we're committing to all this infra. What happens if AI demand slows down or these contracts don't translate into the profits everyone expects? Knowing Oracle, I wouldn't be surprised if employees end up paying the price through layoffs and cost cutting. Anyone else feeling this way?

Pennymac is implementing significant cost-cutting measures, including $160 million in annualized operating expense reductions. This move comes as the company experienced its lowest mortgage origination and acquisition volume since early 2024. Despite a $7 million loss in its production segment, the company's servicing segment saw a substantial increase in pretax income. Pennymac is also selling servicing rights to reduce debt and repurchase shares. The company anticipates higher-for-longer interest rates will continue to impact the market.

Agoura Hills, California

https://www.nationalmortgagenews.com/news/pennymac-sees-more-layoffs-as-originations-plummet-in-3q

If you are getting knocked over getting to your desk by people who are desperately eager to start doing their best to work, ask your manager can you put protective armour on expenses

Agreed and confirmed 100%

It was nice while it lasted, but no more free coffee for you!

Corporate greed at its finest.

While making money overall, NOV is restructuring its physical footprint. During its latest earnings report, the company specifically recorded $18 million in write-downs due to facility closures and $28 million in corporate restructuring and severance costs =!Lay-offs

The E. W. Scripps Company has announced an end to its current round of layoffs, impacting over 430 roles as part of a cost-saving initiative. Despite these reductions, the company has raised its political advertising revenue forecast to nearly $275 million for the year. This revised projection represents a significant increase compared to the previous midterm election cycle. Scripps is implementing a broader transformation plan aimed at achieving substantial annualized cost savings. The company expects these changes to improve financial performance and become more evident in upcoming financial reports.

https://thedesk.net/2026/10/scripps-layoffs-done-politica-ad-forecast-higher/

But only because they've started finding reasons to outright fire people. It's cheaper that way, I guess.

Would anyone with kids be on board with them going into tech? I personally wouldn’t want any kids of mine to have to deal with such a toxic culture and bad management and cost cutting.

The leadership doesn't care if SpaceX eventually proves to be a 'competitor' to VZ. They will be gone. The Poem CEO won't be around to care for any 'competition'. His job is to cut, cut and cut - offer the best 'value' for the shareholder - and get his 'bonus' for gutting the company for AI bots. And move onto to the next company he can chop up.

When SpaceX is ready to compete - it will be easy - they won't have as many layers of management bloat, they can adjust to the changing market quicker than the dinosaur telco companies, and they will focus on the customer first, not the shareholders.

The old bloated telcos from years past are struggling to rein in costs - no matter how much money they 'save' from cutting humans - the other costs for infrastructure upkeep (rising vendor prices to fix systems, generator fuel prices) will counter any 'savings'. And the AI slop chaos it will create will overwhelm the outsourced network groups.

https://www.techdirt.com/2026/06/09/ceos-who-think-ai-replaces-their-employees-are-just-bad-ceos/

SNDL announced significant layoffs at its manufacturing facility, reducing its workforce by over 30%. These job cuts are part of a broader restructuring of its ca--abis operations, including exiting unprofitable dried flower products. The company expects cost savings to materialize in the fourth quarter. Management is also undertaking a strategic review that could involve asset sales or further efficiency measures. The success of these changes hinges on whether reduced overhead and product focus lead to sustained profitability.

Calgary, Alberta

https://finance.yahoo.com/markets/stocks/articles/sndl-stock-layoffs-know-latest-205457933.html

Severance entitlements are being reassessed for next year following some significant payouts. There is a project to focus on reducing severance costs in key high-cost countries, with TPO leading the initiative another thanks to Bob and his benefits / compensation teams.

I’m surprised inhouse getting hit first when I thought contracted staff augs would get hit first…makes me think they just going to ride out the POs since they are already invested funds

Humana is sitting on a massive gold mine! We are one of the few companies with the scale to dominate this market. If we can keep cutting costs, keep boosting profits, and rewarding shareholders we win. It is that simple folks that is how you win in AMERICA!

Now with the right policies in place and strong execution, Humana is poised to start roaring back. USA!!

The E. W. Scripps Company has initiated a new wave of layoffs and buyout offers across its local television stations nationwide. This action is part of a larger strategy to reduce employment costs and manage the company's significant debt. Employees in technical, IT, and broadcast engineering roles have received layoff notices. Unionized newsroom staff are being offered buyouts due to existing agreements. These cuts coincide with the company's increased adoption of automated news production techniques.

Cincinnati, Ohio

https://thedesk.net/2026/10/scripps-begins-new-round-of-layoffs-impacting-technical-news-production-roles/

Centene beat Wall Street's Q3 earnings expectations. Management raised guidance. Everybody celebrate! 🎉

Except there's some interesting math buried in those results.

• ~61,000~ 53,900 employees. Down 7,000 in a year.
• 2.3 MILLION fewer managed-care members.
• GAAP administrative expenses actually INCREASED.
• $480 MILLION in expected restructuring costs excluded from adjusted earnings.
• GAAP EPS: −$0.14. Adjusted EPS: +$0.58.

During the earnings call, Barclays analyst Andrew Mok asked a pretty reasonable question:

• What are the annualized savings from that $480 million restructuring?*

Management couldn't quantify them. Just promises of improvement in 2027. Meanwhile, Sarah London talked about AI, automation, and investments in the company's data and context layer.

Oh, excellent! So where's the ROI?

What actually got more efficient? How much work shifted to vendors? What happened to service quality? And how much of the improving expense ratio comes from actual productivity versus simply having fewer members?

Because Centene acknowledged that changing business mix contributed to the improvement. That's not necessarily transformation. That's math.

You can eliminate thousands of jobs, shrink the business, outsource operations, and call it AI-enabled efficiency. But until you demonstrate better outcomes at a sustainably lower total cost, you've demonstrated cost cutting. Not transformation.

And if you eliminated the people who actually understood how the business worked? Don't worry. I'm sure the consultants can figure it out. 😂 Maybe they can even explain why the analysts didn't ask for the actual ROI before celebrating it.

And here's another question Wall Street should've asked:

• After the last 10–12 earnings calls, why should investors continue taking Drew Asher's forward-looking assurances at face value without demanding a scorecard of what was promised versus what actually happened?* Isn’t he on the way out?? I guess the company gets a pass if the future stack prices are good for inverstors? Yeah, let’s go with that.

The reality??? Go back in time and show us the original projections, the revisions, the actual results, and the explanations for the misses. Quarter by quarter. Because eventually, "trust us, next year will be better" stops being guidance and starts being a question about accountability. 🤔 Seriously though… go back and look at them. I did before writing this.

When is the new ETX Budget and forecast due?

I hear there is going to be another substantial shift of work to Romania and India to save $$ in the ETX budget. Which means less US workforce.

Microsoft is offering buyouts to 60,000 employees — roughly a quarter of its global workforce — as the company looks to slash costs while investing heavily in artificial intelligence.

https://www.latimes.com/business/story/2026-10-26/microsoft-offers-buyouts-to-60-000-workers-as-it-looks-to-trim-costs