#downsizing

Posts mentioning hashtag #downsizing

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4Q / 1Q RIF? This started at the top. Finish it from there.

20% off the top? Verizon can easily get there by rolling back a fraction of the layers of band 5+ fat built up without touching anyone else. Ever hear of a corporation whose CEO gets axed and is not followed by their disciples? Verizon continues to be saddled with way too many unnecessary SVP's, EVP's, VP's, AVP's, Sr Directors, Directors, etc. It's absurd. And the VZ board needs a slap for allowing it. Bertolini needs to be shown the door. Perhaps a trip to the Verizon annual meeting for an employee presentation of what’s really going on is needed. Any middle manager who threatens a report with "get on the bandwagon or leave'' needs to be reminded – uh, excuse me – “you’re actually the cause of this – and the target.”


Fiserv cuts 3,000 employees and contractor jobs under new CEO

Nov 3 (Reuters) - Fiserv has cut its employee and contractor base by ​3,000 since June, including a ‌reduction of senior management by more than 10%.

https://www.reuters.com/business/world-at-work/fiserv-cuts-3000-employees-contractor-jobs-under-new-ceo-2026-11-03/


Hello Sunshine Slashes Workforce

Reese Witherspoon's production company, Hello Sunshine, has significantly reduced its staff. Approximately 30 employees, representing half of the company's workforce, were laid off. This action follows Witherspoon's recent repurchase of the company from Candle Media. The company will now concentrate on film, television, and the Reese's Book Club brand. Its direct-to-consumer division has been eliminated.

Los Angeles, California

https://variety.com/2026/tv/news/reese-witherspoon-hello-sunshine-layoff-1236935287/


People Inc. Reduces Staff

People Inc. has announced significant workforce reductions. The company is laying off 195 employees, representing approximately 6% of its total staff. These cuts primarily impact the print and legacy web divisions. Affected employees are being notified through scheduled one-on-one meetings. This move aligns with broader trends of downsizing within the media industry.

New York, NY

https://www.adweek.com/media/people-inc-lays-off-195-employees-around-6-of-headcount/


County Sees Hundreds of Job Cuts

Hundreds of employees will lose their jobs in Anne Arundel County over the next few months. Several businesses are scaling back operations or closing. J. Alexander's Restaurant, LLC recently laid off 45 workers. Other companies like Crosby Marketing Communications, Amentum, Atlantic Tractor, ColonialWebb Contracting Company, and Peraton are also implementing layoffs. These reductions impact the commercial and defense sectors.

Anne Arundel County, MD

https://patch.com/maryland/annapolis/hundreds-layoffs-impact-anne-arundel-county-what-know


Oracle Cuts Dyn Sales and Marketing Teams

Oracle has laid off sales and marketing employees from its Dyn division. This action follows Oracle's decision to end certain Dyn services in 2020. Sources confirmed the layoffs, though Oracle declined to comment. The company stated it balances resources to support its growing cloud business. These cuts are part of broader downsizing efforts at Oracle.

Manchester, New Hampshire

https://www.techtarget.com/news/Oracle-layoffs-hit-Dyn-teams-sales-marketing-staffs/865949/


Paypal Slashes Global Workforce

The financial technology firm Paypal is implementing significant workforce reductions. Over 2,000 employees will be impacted by these cuts. Additionally, the company plans to decrease its management roles by over a quarter. These measures are part of a broader restructuring effort. The exact reasons for these changes were not detailed.

https://www.tokenpost.com/news/business/41905


The Axe Report (last 10 days)

This is what I captured from replies to threads and relating to axing people:

  • CMO: “9 years here. Got cut.” @a7+1m5hxt2v8
  • CMO: A poster who says they received a layoff call estimates that close to 20% of the organization was affected. The percentage is unverified. @ab+1m5hxt2v8
  • CMO: Another poster says they heard 80 people were affected. This may describe the same cuts as the 20% estimate. @cr+1m5gefdre
  • TPM: “I am in TPM got the call this morning I am cut.” @b3+1m5hxt2v8
  • VZ Connect: “level 6 - role eliminated; no pkg details yet.” @cn+1m5gefdre
  • AI&D: a claim - most senior engineers under Nirmana were axed. Another reply calls the claim fake news. @OP+1m5jrq5ad
  • Indirect-to-Business (I2B): a vague claim that all directors and about 34% of account managers were laid off. @OP+1m5kw11ep
  • I2B: A reply gives a similar (but different figure): about 30% of account mgrs and 4 dirs. @c6+1m5kw11ep
  • CXO: claim - all but one senior director were laid off; the post does not say when. @bn+1m5kw11ep

MaxCap Reduces Workforce Amidst Market Downturn

Non-bank lender MaxCap has implemented workforce reductions this week, citing a broader downturn in the private credit market. The company stated these redundancies are part of standard business management to optimize structure and resource allocation. These layoffs are occurring as the private credit industry faces increasing challenges, including liquidity issues and scrutiny from regulators. MaxCap has experienced exposure to several failed property developers, impacting its funds. This move by MaxCap is indicative of wider industry pressures affecting private credit firms.

Sydney, Australia

https://www.afr.com/companies/financial-services/apollo-s-maxcap-cuts-staff-amid-private-credit-slump-20261023-p6180j


Archewell Productions Reduces Staffing

Prince Harry and Meghan Markle's Archewell Productions has reportedly been cutting staff over the past year and a half. This latest round of downsizing follows a similar reduction at their Archewell Philanthropies arm in late 2025. The company's Los Angeles office now has a significantly reduced number of employees. These changes come amid speculation about the couple's future in Hollywood. Their Netflix deal has seen mixed results, with some projects not moving forward as planned.

Los Angeles, California

https://intouchweekly.com/prince-harry-and-meghan-markle-shrink-their-hollywood-business-as-layoffs-hit-archewell-productions/


Comcast is Surgical

We all know the company is collapsing, automating and outsourcing. Comcast Advertising is laying off everyone at all levels rapidly. Christ they laid off the GM last year and dismantled fulfillment and ad copy. Xfinity and Comcast Business are in turmoil as well. The whole company. If youre an actual employee like I am you know this. Its been crumbling for years. When I started 12 years ago it was at its peak imo. Recently they've been laying off every several months to avoid a mass fallout. Only this time it's going to be massive and unexpected, maybe not this month but definitely when the split occurs and after that point. It is what it is. They are not d-mb enough to tell us in advance. It will be unexpected as it's always been.


Ricochet Cuts Staff Amid Market Downturn

Around ten employees, including creative chief Damon Pattison, were laid off at Ricochet. This represents nearly a third of the company's workforce. The decision was reportedly made due to market conditions. A spokesperson confirmed the layoffs but offered no further comment. Ricochet is known for producing the BBC's "The Repair Shop."

Brighton, UK

https://deadline.com/2026/10/ricochet-layoffs-the-repair-shop-skydance-damon-pattison-1237157978/