#cuts

RVP’S and GvPs are told to churn and burn all store managers and associates

Push as many people out as possible (managers included) get em out, get em in at a lower pay rate

They now want frequent turnover to keep costs down, always hiring at a lower pay rate

The quality of the person they hire does not matter as long as they are low cost

Some people won’t quit, so they increase workload, micromanaging, favoritism, ect….you see this at belk time and time again

It will only get worse

Get out if you can is my only advice

Hearing from multiple sources that a layoff is planned for November 14th?

Look at the stock price that all the RTO defenders pointed to. We’re back to the January levels, headed for sub-$20, bet.

Where are these RTO defenders now? Hope all you id--ts sold lmao.

By the way you also won’t be getting a bonus due to the increased operating costs RTO has imposed on the business. RTO is working!!!

This website is now blocked internally. The last time this happened was August 2023. Know what I mean jellybean?

The MEG “improved offer” announcement should make a few folks inside CVE uncomfortable. The question investors should be asking isn’t whether the Vawn assets are material to Cenovus, it’s whether the side-deal Strathcona received treats all other MEG shareholders fairly. Because if a private buyer gets a sweetheart deal on sold assets, that’s a transfer of value - plain and simple - and it raises serious questions about compliance with securities-law principles of fair and equal treatment. It’s also striking how the MEG board hides behind its advisors (BMO, RBC) instead of defending its own judgment. “Our advisors told us it was fine” isn’t a fiduciary defense - it’s an abdication of duty. If this ever gets real regulatory attention from the ASC - or even the SEC - the paper trail around valuation assumptions, fairness opinions, and board communications will matter. Until then, rank-and-file CVE employees get to watch leadership pretend the assets were sold at fair value while staff job cuts hang in the balance.

Leaders are afraid to communicate, afraid to get in the news, afraid of baby-napoleon-pulte, afraid to have ideas. The only word left in their vocabulary is efficiency. They think they are being political savvy tracking people’s calendars, emails, badging. I am not blaming them. Just feeling sad for them. What a culture:(

Any truth in this? I've heard multiple rumors that PNC is buying us. We are cutting expenses big time for a couple years now at anything middle market or under level. Something is in works but I am unsure if these rumors have any validity to them. Weird times we live in.

Have anymore layoffs been announced today?

Approx 15% company being laid off

Reducing our paycheck amounts in 2026 with this 27 week pay period non-sense, increasing our out-of-pocket health care expenses and still pushing us to buy EH stock because nobody else wants it??? Seriously Executives, stick your head out of your million and billion dollar bubbles and see how everyone else is trying to survive with the low merit increases and next to nothing AIPs now. Buy EH stock with what??? We don't have anything left at the end of the month after we pay our bills thanks to the C suite pocketing all of the company profits.

Please, somebody, tell me I'm wrong.

We lost nearly half of our team in the last round. Do you think our workload decreased? Nope. We were told to make it work, to take on every leftover task as if we were suddenly twice the size, with no extra pay or support in sight. I am now praying to be among those affected whenever we have cuts again.

Cut cut cut cut cut cut

Does anyone think/know if it’s over? Anyone know how many have been laid off?

Would be a great cost saving and I don’t think they add much when there are already managers,senior managers,ADs and Directors

Get rid of some of the fat and Verizon might have a chance

It is crazy hearing about RIFs when we have so many executives and most people have no idea what they even do. CEO has a meeting, then the SVP has a meeting, then the VP, then the Sr director, etc. All just say the same things and ask what did you think about what the ceo said. If they want to cut costs start with upper and middle management.

Does anyone have actual info on if there will be more layoffs this spring? What would be the purpose of a two wave layoff? Why not one fell swoop?

With a stock that is plummeting at record pace, anyone hearing about new layoffs?

Due to the current economic climate and the future efficiency of AI all major companies are making cuts to keep up with the rising costs to do business. Even if AI isn't a realistic strategy companies are all in because the potential is too great to ignore. Vote for leadership not party affiliation. We are experiencing the impacts of almost 10 years of horrible leadership decisions at the top that trickle down to companies across America.

The new CEO is basically coming in to cut and slash Verizon into a cheaper bootleg version of its self. No one cares about network quality it’s all the same. Verizon is only going to win if they lower prices not add fees. In order to do that it’s going to require major cuts to its work force. If you are in a nice cushion job getting paid big bucks for doing nothing you will soon be sliced.

I've heard 4 wks per year.

This mean layoff will be finished in 3 years . Better run now until is too late
When Skyworks do the layoff , only have 2 weeks compensation. They will not count
how many years you work for Qorvo for compensation .

Confirmed with a co-worker that came from a meeting just now that the CMO was cut today (Sashi M). Some people will say this is good, others will say this is bad. Simply calling it out as there was more layoffs today. Not sure if it was just him or if there was additional leaders but more people are gone.

https://x.com/TheLayoff/status/1984293702848872635

T. Rowe is leading the layoff list today

Even the market is calling CVE on their desperation to acquire MEG. Can this company do anything right? They overpay and undersell. Do they actively try to lose $$$. No wonder their stock price can’t creep higher than $25. Forever the bottom feeder in the E&P space.

11/21

Do not expect severance packages to be as generous as before.

Anyone heard any news of planned layoffs for the rest of this year or next year?

You can’t raise fees forever, and you can’t keep cutting people indefinitely. At some point you either build a sound business, or everything eventually falls apart.

Other functions cutting next week and the following week. Good luck all!

I get the feeling that whoever’s making these layoff decisions is just incredibly lazy. Cutting by numbers without any deeper thought, let alone real strategy. My team hasn’t had some roles backfilled since forever, and you can definitely feel it in our performance and workload. I think the company loses far more than it gains by letting people go. Layoffs have turned into nothing more than a performative exercise to prop up the stock.

2022: 10000 (3%)
2023: 17000 (5%)
2025: 14000 (4%)

69000 (20%)

Nice.

Some of these numbers are honestly shocking. I figured we’d be near the top of the list, but we’re not even close compared to a few others. Either way, it’s not a good sign for the job market.

https://www.fox10tv.com/2025/10/30/layoffs-are-piling-up-here-are-some-companies-that-have-cut-jobs-recently/

Long story short, I'm an L4 - Community, Gender-Expansive, Kinship - Analyst. Thankfully, I survived the blood bath and still have my job.

Does anyone know what the implications are for the bonuses? Are we still going to get the full amount or are they cutting that too?

Thanks!

Starts in November. Best of luck everyone. It's tough out there.
Amazon just laid off 33k

Amazon is layoff 30k employees. Is Dell following Amazon soon?

Amazon plans to cut 30,000 corporate jobs in response to pandemic overhiring https://www.theguardian.com/technology/2025/oct/27/amazon-corporate-jobs-cuts

How soon will Dell use this excuse?

Let’s be honest. They don’t care about quality or people, only about cutting costs. If they can outsource us all, they will. The work will definitely suffer, but that won’t matter to them. As long as the numbers look good on paper, they’ll call it a success. That’s the sad truth of where we are now.

Already hearing folks getting let go. Good luck to us all.