#cuts

Anyone hearing anything?

Has anyone noticed Belk has drastically reduced the amount of labor hours for the stores this holiday?!

I have to say, the leadership at Verizon has done some UTTERLY stupid things. Yet nothing happens to them... For example this Frontier debacle. Buy Yahoo/AOL? Really? Blue Jeans? No one even knows that that is? Why buy Blue Jeans when Zoom, MS Teams, and Google Chat were already well established? Just d-mb...

Really bad decisions and the employees are left with the fallout. Mr. Hans gets his golden parachute... just like those before him.

Dan is simply using Elon's model of slash and cut (e.g. Twitter/X). The problem that Dan doesn't understand is that an application only has so many facets. A network the size of Verizon is extremely complicated and can't be compared to a phone App, but he doesn't care. He's a short-timer.

Best of luck to you people. The job market is good if you live in Texas. If you don't, it is more challenging. You'll find something but maybe not at the pay you're currently making.

Are there any layoffs today? I have had counterparts from other banks ask if I was impacted by the US Bank layoffs today…
I have not heard anything about a layoff, so maybe it’s a rumor?

So the big "integration" of the Network orgs is going just super. The two SVPs who now run the combined mess apparently can't figure out what to do with us. Heard through the grapevine they just hired a big-name consulting firm to "evaluate the organizational design and operating models."

The kickoff meeting was yesterday. Feels familiar, right.

This seems to be the classic move when leadership doesn't actually have a plan. They pay a few million to a bunch of people who don't understand our business to come in and tell them what to do. The word is they're going on a "listening tour." They'll probably make a bunch of pretty charts and graphs that basically say we have too many people doing overlapping work.

It looks like a way to get cover for the cuts they already wanted to make. Now they can say "the data suggested" we need to streamline. The whole thing has that distinct passive-aggressive vibe. Instead of just making a tough call, they're bringing in a third party to do it for them. It's like they ordered a pour-over at a coffee cart and then asked the barista to taste it first to make sure it's good.

Maybe I'm just being cynical. An outside perspective could actually spot some real inefficiencies, I guess. But let's be real. This is likely just the first step. If you're on a team that's been a pain to get resources for, or your projects have been in "wait and see" mode since the SVP shake up, I'd be updating the resume.

This is usually how it starts. Heads up.

Saying “the strategy is working” feels almost like a joke. Illumina’s board has made a string of questionable decisions — approving the Grail acquisition despite clear EU regulatory risks, then later giving in to activist pressure and spinning it off at the lowest possible value. They brought in a CEO from a company with a decade-long track record of minimal innovation and stagnant growth. Now the focus has shifted to aggressive cuts in both capex and opex, trying to make margin expansion the only story to sell in the absence of real growth. RIFs have practically become an annual event.

Given all this, calling the current strategy a success is hard to take seriously.

Target will be laying off 2,000 more employees due to the decline in store sales because they sell perverted GLBT themed merchandize and promote weird unnatural trans ideology.

I've been told by a few people I have nothing to worry about because I'm one of the newer hires and this layoff will target those with higher pay, meaning people who've been at Verizon for a while. Is this true? I'd like to believe it, but I'm too scared to get my hopes up.

Anybody laid off in Aconex

Does anyone know when the towers layoff will occur? If you don’t know can you give your best estimate's ? Just trying to prepare myself. What percentage of business and dnd folks do you think will be affected?

RIFs will continue to happen, but does anyone know if there will be cuts from either Tech / Care or Case Mgmt for this round?

Apparently, there were some layoffs yesterday. Will it continue today and throughout the week or is that it?

Have you seen the discounts on Nike.com? Earlier than usually with higher discounts than ever. Pinnacle product like alphafly 3 and new introductions like Metcon are offered there in a way that it hurts to see. That together with the removal of wellness week and 4 week work from abroad shows that Nike is on a bad trajectory , worse than anticipated.

Yes, there were many Senior Directors Cut today. That's a fact. Our org has been impacted by the news today. Called some of my coworkers in different states. Same story.

Why are you downvoting the facts? Because it doesn't line up with your bullsh-t timeline?
Ya'll don't know jack sh-t and keep posting the same cr-p over and over again.

Dan go you running around scared shitless.

The fifth round of layoffs since 2022 comes despite a net profit of about $39 million in the third quarter.

https://www.calcalistech.com/ctechnews/article/h1y4ejyg11g

No specific date yet, but most teams have started to submit names for the early Q1 cut. Very frustrating to see that workforce cuts are proceeding despite a “great” Q3 earnings performance.

What do we collectively know so far?
When is the next round and who will be affected?

Can’t support a company upending American workers’ lives while stuffing the execs pockets with millions.

Just switched over 4 lines this weekend and convinced 4 other family members to switch to T Mobile.

The best part is that T Mobile is in fact cheaper for everyone. So it’s a win - win.

Thats the only way to save the sinking stock. Just like the layoffs before last earnings.

Seeing that long timers were pushed out makes it clear how little this place cares. Some of these folks built their whole careers there. They could’ve offered early retirement or a way to leave on their own terms, but they didn’t. It’s a rough way to treat people who showed up for decades.

AI Fleet said the layoffs were triggered by an 'unforeseeable' business disruption that left it unable to give the 60 days’ notice typically required under federal law.

https://www.statesman.com/business/article/ai-fleet-trucking-layoffs-austin-technology-21184715.php

Can anybody shed some light on rumored December cuts?

Fiserv will come back from this. I believe Fiserv will declare bankruptcy and will be broken apart and sold off.

Are contractors cut before FTEs? It would be weird to cut FTEs but keep contractors.

I have knowledge that in the midst of 200 stores being converted you will see the r2b space dissolved. I was in discussion that split compensation is a waste of money and that with the stores going indirect the biz customers who come in store will be directly called from a inside sales rep when they sign in, and converted with in store pickup. B2B space is safe and CE. Wish you R2B REPS LUCK!

How is it possible thar our organization added 4~5 headcount less than 12 months ago and we are now being told that layoffs are imminent. Makes no sense to me. You hire people to lay them off couple of months later.

Tracking participants count #general Slack channel in Oracle One workspace, as the fastest available proxy indication of ongoing layoffs.

• nov01-nov17: 682 layoffs, 791 additions (based on Slack regular tracking)
• oct01-oct29: 1950 layoffs, 1689 additions (based on Slack regular tracking)
• sep02-sep30: 6275 layoffs, 861 additions (based on Slack regular tracking)
• aug14-sep01: 733 layoffs (based on Slack very few data points)
• aug01-aug14: ?2900 layoffs in IDC (based on media reports)

Regions outside IDC and NA usually have a significant delay when laid off people are disconnected from Slack (e.g. 1 month in Pacific regions, perhaps longer in some EU countries), so this is a floor estimate with additions reflected immediately, but reductions lagging behind on average.

I will post daily in comments on the count change and running current month total while this post is still on the first page.

•••
First they look everyone who has active corrective actions such as PIPs, verbal, written, and final warnings and attendance issues.

Then they look at who on the team is rated as high potential, emerging talent, high professional, valued contributor, and low potential. Half you probably don’t know about these rating bc your supervisor is NOT obligated to inform you of this rating but you are given this rating each year.

Then they look at 2024 EOY rating such as developing, achieving, leading (the ratings your supervisor is required to disclose during your EOYs and mid years) as well as what you have been rated thus far for 2025.

Then they will go off historical performance and what your direct supervisor or AD has to say about you and their personal input.

They will not use any of this data at all if your position or location has been RIFd entirely. And therefore you are susceptible to still being let go if you are and have been a high performer.

Wish I could do a legit poll but I'll just ask. Are you worried/nervous because?

A. The company doesn't care and is just cutting anyone.
B. Im just not that busy so I can see why it would be me.
C. Leadership isnt communicating clearly on this RIF
D. Other

I pray only those that weren't working anyway get cut. The ones that are never on any calls, ignore emails, not on slack, you don't even know if they're working or on vacation. Somehow they always get away with it. Whatever that group of people's number is that's the number of employees vz should go down.

https://healthpoint.com/technology/why-is-unitedhealthcare-cutting-remote-monitoring-coverage/

I just found out that the cost for my mental health visits will double in 2026. WTF is the ELT thinking by slashing mental health benefits, especially at a time that employees need this most? MW and the rest of them will have bl00d on their hands if someone who is on the brink is pushed over in desperation, seeing care they desperately need.

Some in the room have adopted the attitude “just let me survive the Thursday cut and everything will be ok.”

Dan plainly stated “cost reductions will be a way of life for us here”. This is only the first wave. Don’t get comfortable even if you survive this first round. There absolutely will be more RIFs and/or VSPs in 2026 and beyond.

Not pessimistic, just facing realities of the times.

Some people might see that as a positive, but anyone who understands how crucial institutional knowledge is knows it’s a huge mistake to wipe out an entire generation of employees who helped build this company from scratch. The experience and history they carried cannot just be replaced overnight.

It wouldn’t shock me at all if people got cut just days before either holiday, which would be the cruelest timing imaginable.

It really could have been worse when you think about the numbers people were throwing around earlier, because there were plenty of conversations where folks talked about 20,000 cuts or even 29,000. I guess that makes 15,000 feel almost like the least awful version of the situation. Still bad, though.

T-Mo planning a 10%+ cut in force and is gunna use the VZ announcement as cover. We’ve being used!

Believe it or not. But the upcoming layoffs on november 20th is just the first round. The company is still planning to finish q4 sales strong, so they aren’t intending to hit front line workers hard at first. Expect the second round around late Q1 2026 5k-10k layoffs. These numbers will be determined by how the business has performed post the Nov cuts.

Dont get too complacent, this is just the way of life now in corporate america. With the age of AI & the current economy, cutting cost is the first prio to companies. Stay strong & work hard, everyone is replaceable & no one is entitled to having a job if you’re not contributing enough value.

I know more cuts are planned for 2026, but I’m asking specifically about this round. Have all impacted already been notified, or should we expect more layoffs early next week?