#downsizing

On 3 Nov approx 400 people across multiple functions and lines of business were laid off

This is going to be similar to what Elon did to Twitter when he bought it.

"To the long-suffering men and women in the trenches of the Verizon workforce, this may sound like a new commander's call for another big push days after the last fruitless effort. Under Hans Vestberg, Schulman's predecessor, Verizon's headcount shrank by 44,900 employees between 2018 and 2024, about 31% of the earlier total. Since 2015, the number has plummeted by 78,100. All this carnage has still not apparently produced the lean machine that Schulman, who has been the top independent director on Verizon's board since 2018, wants to see. "

https://www.lightreading.com/ai-machine-learning/verizon-ceo-wants-aggressive-cuts-after-vestberg-culled-45k-jobs

What number will UP Layoff in 2025 compared to these companies down below who are leading the pack of wolves in 2025. UP has been quietly doing layoffs and buyouts in 2025, so the total number could be around 1000 to 2000. I believe it started with Los Angeles, Utah Roper, Pocatello and the most recent in San Antonio. I’m sure I missed some other locations.

1. UPS: 48,000 employees

2. Amazon: Up to 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. Kroger: 1,000 employees

14. Applied Materials: 1,444 employees

15. Meta: 600 employees

16. Union Pacific: 1000+ ?

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.

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

Do you think Hal is downsizing the business to sell?

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?

Quarter is not looking good

Seemed kind of quiet the past few layoffs- is there a certain month that typically is the highest month for layoffs ?

T is finished. No way back

Flagstone Foods announced that it will downsize its El Paso facility and that will result in laying off of more than 200 employees, the company said Monday, Oct. 20.

https://www.yahoo.com/news/articles/flagstone-foods-downsize-el-paso-230105152.html

I'm Former 3M/Solv employee.

3M has been doing so well - Look at their Q3 results! They are growing faster than SOLV and expanding margins.

SOLV just constantly seems to downsize and make excuses.

It is hard to manage these complex portfolios - that is the job right now with SOLV margin issues. Dental and Medical are basically industrial companies.

Be interesting to see if this new hire from Baxter can make any progress. Problem is probably similar to Tyco, maybe Baxter.

Things can't get any worse.

Was notified I will no longer be employed in 2026.

Found out Wednesday that office on Market Street which BNY has been in since it's Mellon days and even is still armed for the company is downsizing from 2 floors to one. I guess we will only stay open as long as the new lease lasts.
Yay /s

How many of us believe this? Let me know your thoughts. I think the pie is shrinking and we are going through a structural change. Since the pie is shrinking, there will be many people who will not get a slice of the pie by the sheer fact that there is not enough slices. Once can 'kick a ss' all day, if there is nothing to be given you'll get nother (or it'll be taken away from you as we are witnessing right now. Just my two very modest cents.

Hey guys, can someone explain what's going on, even from rumors:

• Why the downsize
• Rough number on the downsize (5% now, 5% in Q4?)
• This appears to be worldwide
• What does India have to do with any of this?

I'm grateful to still have my role, but I'm terrible at being "in the know" of the bigger picture my company faces. For the sake of discussion, I like my role but people keep saying to steer clear of working at TI. What are reasons for this train of thought?

Thank y'all!

I’ve been through plenty of layoffs, but this one is on another level. It’s straight butchery, cuts made on cost alone, no regard for people or loyalty. The way it’s been handled is cold, inconsiderate, and completely silent from the top. Worst part is, it’s clearly not done yet. I feel especially for the veterans who were discarded like broken equipment. This company has reached a whole new low.

Not sure what the plan is. Maybe it's being dressed up to be sold, because the going concern ability of this place is being destroyed

Does anyone have the date when the office closure will be announced and when it is expected to actually close?

Demoralized by your peers feeling forced into accepting VSPs? Shocked by the ISPs? Me, too.

Now the additional layer as been revealed - the quiet demotions. Make no mistake, this is quiet firing. They want to make people miserable so they leave on their own accord and they don't have to pay severance. It also helps with their PR so they don't have to make it look like they laid more people off. This way, they can bring in younger, cheaper talent (and offshore and outsource more and more) and stay out of the headlines. This is "Consultant 101."

It's not just BCG, though. In case you hadn't noticed, they hired a bunch of partners from McKinsey & Company to run the show - David Chubak, Ryan Littlemore, Hasan Malik - all from McKinsey. I'm sure there's more I'm missing.

Then you have Nancy Killefer, Luis Ubinas, Byron Auguste - all on the Advisory Board and from McKinsey.

Don't know who McKinsey and Company is? Go look them up. They're the sc-m that both helped big pharma market opi--ds while simultaneously advising the government on how to combat the opi--d epidemic - using the same team of people. They are predators. They have no conscience. This is who is running the firm now.

I am so disappointed in the partner group as a whole. They should never have allowed this to happen. I hope they are ashamed.

Van Nuys Office worker reduction happening or is it just a rumor? Commutable employees were relocated at the end of July and now all the other employees are sitting waiting to hear what happens next and be able to move on with their lives. Anyone have news on when this might happen?

If you’re not very actively looking you’re being a fool. They are going to find every conceivable way to push you out. Questioning your scope, doubting the need for headcount, pretending to not understand functions that have existed for years and are crucial - all to hit a stock price. Opps exists solely to destroy as many lives as possible. HR is just legal cover so they can pretend there’s a “peocess.” There will be devastating layoffs in September, followed by nonsense where they choose 15% people they don’t think are cool enough (because IBM is basically a mean girl club in a jr high school) to not get bonuses hoping for attrition,, followed by more debanding - hoping for attrition, followed by a five day workweek hoping for attrition, followed by another round of devastating layoffs - which probably just barely gets us to next summer. “Operations people” at IBM are subhuman filth who only care about hurting as many of you as possible. Protect yourself. Protect your children. Get out. That has to be your full time job. Just get out.

HyVee new corporate mission statement is called Trimming The Fat. Jeremy G is cutting any program that is not turning a profit. Jeremy is going to get lean in the next 5 years. They are talking about closing 50 stores that haven’t made profit in 30 years. They are looking at cutting labor. Looking at cutting wages for director and mangers. The next five years will either bring HyVee back from Randy E failures or HyVee will file for bankruptcy. Time will tell.

I saw couple of posts on September 2.

Nothing happens to them. Terrible results? Raise our compensation! ELT needs a whole new takeover but alas, that will never happen

ELT - congrats on making money hand over fist while downsizing the company only to get worse results!

UPS is continuing a nationwide downsizing effort by consolidating parcel distribution facilities, eliminating shifts, and closing underutilized sites to cut excess capacity and improve productivity. The latest actions include laying off 62 workers in Dallas, Texas, where a day shift is being eliminated, and shutting a facility in Wilmington, North Carolina, on September 23, with most employees expected to transfer to another location. Additionally, UPS closed a parcel center in Pocahontas, Arkansas, on August 8, though job impacts there were not disclosed.

These changes are part of a broader network reconfiguration aimed at eliminating 200 sortation centers over five years and increasing automation.

The restructuring follows other recent closures and layoffs, including 99 job cuts in Charlotte, North Carolina, in May and a temporary shutdown of a New Orleans facility in July that affected 177 workers. UPS leadership has acknowledged stagnant package volumes for nearly two years and is intentionally reducing low-margin business, including phasing out half of its work with Amazon. Overall, the company expects to operate with 20,000 fewer workers and is also offering voluntary separation packages to drivers, though uptake has been slow.

https://www.freightwaves.com/news/ups-closing-operations-in-texas-north-carolina-as-downsizing-spreads