#cuts

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?

Many managers and lower positions being cut. All over the glove.

For the full year 2024, Verizon reported a consolidated net income of $17.5 billion, a 50.73% increase from 2023. Full-year 2024 earnings per share (EPS) were $4.14, compared to $2.75 for the full year 2023.

We can't make money..... so we must cut 15,000 more people...
18 Billion in profit just isn't enough!

No more anniversary recognition check. Still get the gift, for now.

Told by my friend ( band 5) that no one is out of the woods, even if they survive this round next week. They are cutting 25% across all levels now, later teams will be merged, projects will be discontinued and leftovers will be discarded possibly in Q2/Q3. Every one better start looking for oppurtunities outside.

And that we won't be ambushed by more cuts tomorrow or next week?

any information how many were laid off in PPD and when and if there’s a 2nd wave?

Whatever happened to make America great again??? 15k Vzw coworkers lives will change come next week. Corporate America greed wins again. I’m here refreshing this website to see if anything new comes up. I’m paranoid , I can’t sleep , what happened to the big tax break these corporations got from trump ?? That’s still not enough ???

A private university in Mercer County will lay off up to 40 full-time faculty members, slash salaries by 14% and make other cuts due to escalating financial problems, campus officials said.

https://www.nj.com/education/2025/11/nj-university-in-financial-crisis-will-lay-off-40-professors-cut-everyones-pay.html

My heart goes out to all who’ve been affected so far. Synopsys employee here, and it seems like Ansys folks have been hit especially hard, at least based on what we’d heard before this round. That’s really unfair, since I know quite a few people from that side who were skilled, dedicated, and genuinely great at what they did. I can only assume performance and experience weren’t major factors. Remember, these are corporate cost-cutting decisions. They almost never reflect our true professional value or potential.

Love the title

Pay for poor leadership decision
https://www.dailymail.co.uk/yourmoney/article-15288451/amp/verizon-job-cuts-customer-losses.html

Verizon shares rose about 1.7% on the news.
Thousands upon thousands of people are about to lose their livelihoods, and investors are rubbing their greedy little hands together, rejoicing at the news. Really tells you something about the state of the world we live in.

Verizon is cutting another 15,000 Employees, bringing their total down to about 85,000 — and you can bet your AASSS that AT&T will follow in their footsteps.

https://www.wsj.com/business/telecom/verizon-to-cut-about-15-000-jobs-87280c3c?

https://finance.yahoo.com/m/75f297fa-e15f-3cba-96f5-57abda5a2630/verizon-to-cut-about-15-000.html

The layoffs, the largest ever for the wireless carrier and impacting about 15% of its workforce, are set to take place in the next week.

The cuts are aimed at its non-union management ranks and will affect more than 20% of that workforce, the source said. Verizon also plans to transition around 180 corporate-owned retail stores into franchised operations, the source added

https://finance.yahoo.com/news/verizon-cut-15-000-jobs-160715206.html

Verizon to cut about 15,000 jobs, source says: (Reuters) -​Verizon (VZ) is planning ‌to cut about 15,‌000 jobs, a person familiar with the matter ⁠told Reuters ‌on Thursday.

The layoffs, the ‍largest ever for the wireless carrier and impacting ​about 15% ‌of its workforce, are set to take place in the next week,⁠ the ​person said.

What is the percentage of layoff completed in this round? And is there another round coming?

https://www.hindustantimes.com/technology/microsoft-giving-gift-cards-to-users-not-switching-to-google-chrome-report-101763002826648.html

Rumored 750 cuts.

Two teammates we lost are both in their 50s. It could just be a coincidence, of course, but I have to say it wouldn't surprise me.

Great timing for the HOLIDAYS!

the layoff list is ready & waiting
it has been checked twice
yes ,,you & you & you.... are on that list
no greg is not on the list
& no the 75 vp's are not on the list
the list is coming to your location very soon

There were around 100 ppl let go from IT today.

Nothing more to add. It'll continue to get worse as long this is the case. We'll continue with cuts, 1% here and 2% there. If you look at what they are doing, we are destroying ourselves from inside. It's hubris, mismanagement, egos, lack of skills and common sense. Lack of emphaty and any concern for the employee.

Does anybody know more about the cuts?

We're supposed to have layoffs on November 20, and yet every day somebody posts about this or that group being affected by cuts. Are people lying or is there really an ongoing pre-layoff happening, and if it is, what's its point?

Get ready everyone. Saw ours without final sales and scan and gos last month. We usually get decent bonuses and ours is complete a-s now because of the scan and go metric. Another goalpost moved to f us right in the A.

How's everyone's sessions been going? Getting forced to give at least 5% lowers? Gonna be a fun message to deliver to whoever gets short end of stick even if you have a team of high performers, who probably are doing more after the recent cuts.

It's obvious Shell is just trying to increase the attrition rate beyond what the proper re-orgs are already doing.

They’ve been he-l-bent on cutting people and gutting the teams that actually know what they’re doing and get things done.

Looks like we are joining the list.
Not sure how big the number will be but this looks bad:

1. UPS: 48,000 employees
2. Amazon: 30,000 employees
3. Intel: 24,000 employees
4. Nestle: 16,000 employees
5. Accenture: 11,000 employees
6. Ford: 11,000 employees
7. Novo Nordisk: 9,000 employees
8. Microsoft: 7,000 employees
9. PwC: 5,600 employees
10. Salesforce: 4,000 employees
11. Paramount: 2,000 employees
12. Target: 1,800 employees
13. A. Materials: 1,444 employees
14. Kroger: 1,000 employees
15. Meta: 600 employeesRetry

You realize this will happen in Freddie few weeks from now?

☹️

Layoffs happened this morning again, close to 100 people from COO got laid off

I thought more layoffs were coming in November?

HR and leadership teams remain intact despite large cuts to technical and customer service staff... They exist to serve themselves.

Are they happening or not?

Not just within the company but outside as well. I guess word spreads fast when you're having cuts every two weeks. No wonder we can’t get any good candidates anymore. Good for them, su-ks for us.

Across corporate and in the stores too. This Christmas is going to be a flop. People are broke, some can’t even afford food, and plenty aren’t getting paid because of the government shutdown. With the prices up, expect spending to drop hard this holiday season. Mark my words, the results will be brutal, and we all know what comes next.