#downsizing

It’s gone down for five years with no signs of recovery or innovation. Just fire 80% of these d-mbasses and move on with the 20%.

Does anybody have any details?

When DST stock paid a 1% dividend, I knew layoffs were coming

Several New Jersey companies have recently announced significant workforce reductions. Kings Food Markets will close two locations, impacting 122 employees. Dr. Praeger's Sensible Foods is laying off 168 workers as it moves production out of state. Additionally, Novo Nordisk has announced over 100 layoffs. These announcements contribute to a growing trend of job cuts across the state.

New Jersey

https://nj1015.com/october-2026-nj-layoffs/

A monumentally disappointing 3Q is coming, and the stock is about to drop another 40%. After that, the company goes belly up, lots of us lose our jobs, lots. We lose jobs, we jump ships. That’s the end of this generational disaster called Fiserv.

It’s going to be a slow decline

From a former employee looking in - Nike has essentially waves the white flag.

"We can no longer afford to pay a fair wage so they will go somewhere they don't have to"

At the same time they will continue to try to act like they are the "it" brand in the US but that bus left the station a few years ago.

Next will be a failed sale of area buildings - they will try to sell them at a premium because they are "cool", they will sit and be a financial drag.

Marketing and sales will become even more disjointed from operations - leading to even worse mismatched supply.

Overstock due poor planning will continue to drag down revenues in US and further impact the brands image.

Eventually they will sell but at that point they will just be a hollow shell of their former selves - think under armour.

Some layoff happening? What where

I've been noticing Pulte Divisions in the sun belt states letting and laying people off one by one. Anyone else seeing this?

They just can’t cut enough. Too many coasters, too many pretenders. Too many lazy American to cut.

Paramount, Warner Bros. Insiders Were Stunned by the Settlement With State AGs. Now They’re Girding for Inevitable Mass Layoffs...

By Michael Schneider · Variety

The general mood on both sides of the Warner Bros. Discovery and Paramount Skydance aisles on Monday was shock and surprise over the sudden turn of events. And now that Paramount-WB merger has the all-clear signal, staffers are gearing up for what are expected to be multiple rounds of layoffs in the next few months.

On Sunday, it appeared that the pushback against the state attorneys general to quickly settle was gaining strength. By the evening, with the Yom Kippur holiday looming, there was a sense that no deal was imminent.

So Monday’s announcement of the settlement between Paramount and the 12 state AGs was met with some disbelief - and a feeling by insiders at both companies that the states ultimately didn’t succeed in demanding much from Paramount Skydance, despite all their posturing. And, according to staffers on both sides, whether the reality of a merged Paramount-Warner Bros. has produced relief or anxiety “depends on where you sit.”

“Everybody just wants to know what’s coming,” said an exec.
SoCal-based staffers breathed a little easier after Paramount chief David Ellison’s affirmed that the company will remain in California, after weeks of uncertainty and saber-rattling. Sources familiar with the situation had asserted the CEO was serious about pulling up stakes if the WBD deal didn’t close by the end of September. “We aren’t going anywhere. Our history is here and this is where our future is being built,” Ellison said in a statement.

But one source told Variety that people were “pi---d and disappointed” with the AGs and not confident in the concessions that they received, and don’t see much value in them or an ability to manage those deal points.

“Why did they give in?” one insider said. “I think people are still very confused about that.”
Even execs inside Paramount were stunned - perhaps pleasantly, but they too weren’t quite sure why the AGs spent so little time focusing on television, despite it being the lion’s share of the business.

“Where was TV?” asked one exec. After all, there wasn’t a single mention in the 12-state antitrust lawsuit seeking to block the merger of what it means to now bring together Warner Bros. TV, which currently produces around 80 series, and CBS Studios, around 60 series. And that doesn’t even include other production entities, like HBO’s massive in-house unit and Paramount TV Studios.

The small nod to cable TV also surprised observers, especially since California Attorney General Rob Bonta had made such noise about needing to see some actionable example of a concession. Instead, the agreement didn’t even pay lip service by forcing the merged entity to get rid of any of its little-watched zombie channels. Instead, those channels would only be on the chopping block as punishment down the line.

With no divestitures, a promise of additional production that had already been made and a tough-to-enforce news independence board, critics of the plan didn’t see much meat to the agreement.

Now, the clock resets to just about two weeks before the deal closes - and people who had been concerned by how quickly Paramount had been racing to close the merger are once again distressed at the speed. A lot of work had been done in the background over recent months, including meetings between groups to figure out workstream, so the new structure of the company should be forthcoming.

For some execs and staffers, clarity at least takes away some distractions from the day-to-day work of fall TV launches and film releases. And there was a sense that some of the most prominent execs in the combined company, including HBO boss Casey Bloys, have been given an assurance that their standing is secure.

But the most immediate question now comes down to layoffs: How many jobs will be axed and how soon. Ellison wrote in a companywide memo Monday that he expects the Warner Bros. merger to close within two weeks. That doesn’t give the combined company much time to pull off its first round of layoffs before the holidays.

“There will be a race to get this done in the fourth quarter,” said one exec.
The exec noted that the job cuts would likely be just the first round, as it would be impossible to accomplish the level of expected layoffs all in one swoop. Another said: “I don’t see a world where they’re not laying off a bunch of people before the end of the year. I think there are many people in the industry who don’t even understand the toll it’s going to take.”

Related
What’s in the Paramount Settlement With States: Commitment to Not Sell Studio Lots, Additional $300M Yearly Investment in U.S. Film Production, CNN Oversight and More
The threat of layoffs and downsizing was only marginally addressed in the consent decree. Under the terms, the new company must honor collective bargaining agreements and commit $47.5 million to a “workforce fund” over five years for training and career development for employees who are laid off. Separately, Paramount reached a settlement with the Writers Guild of America with an agreement prohibiting layoffs at CBS News for five years.

Despite Bonta’s long-running demand for meaningful structural changes, ultimately no requirements for divestitures were included.

Bonta, at his press conference Monday in downtown L.A. announcing the Paramount consent decree, suggested that the settlement was “not a vote of support for this merger.” And yet he has now allowed it to proceed.

“It will be interesting to see the reaction to Bonta,” said one exec. “I don’t think he helped his career any.”

https://variety.com/2026/tv/news/paramount-warner-bros-insiders-settlement-shock-layoffs-1236872225/

Lots of good people being let go. Not so surprising when the company is loosing money this badly and spending on outside solutions

The studio behind the popular VR game Walkabout Mini Golf has announced another round of significant layoffs. Approximately 35% of the staff will be let go due to ongoing challenges in the games industry, particularly within the VR sector. This follows a similar downsizing event that occurred in January of the same year. The company cited a lack of new player acquisition in VR as a key factor in the unsustainable operating scale. Despite these cuts, Mighty Coconut plans to continue releasing downloadable content for its existing titles and is developing new projects.

https://roadtovr.com/walkabout-mini-golf-studio-announces-another-round-of-lay-offs-following-dlc-price-hike/

I'm saying this as somebody who was part of another similarly major acquisition. We've had our first round within a month of things being made official, but that was not the biggest one. Those were mostly directly redundant positions. A few months later, there was a monster of a round, with several smaller rounds following every few months. One of those got me. That's why I'm not looking forward to the next year, at least.

I got word that there are more layoffs coming. any insights?

Does anyone know how many offices were closed? 20?

When you read that we're going to have the worst year since 2022 you know we're about to see a correction. There are a few ways to achieve that, including canceling shows and laying people off. I think we'll see both, and it'll be a bloodbath. The golden days of Netflix are over.

We are all engineers here… do the math. 13+% NI is required, and when <5 years with Company, NI = MLRP. With two strikes and you’re out policy, no one will stay past 1 PIP cycle. Therefore, 0.87^5th = your chances of making it to the 5 year mark as a new hire (49.84%). Get ready for years of continued downsizing and churn. IExtrapolate further and near 0% will make it to retirement. But don’t worry, they value you and there is no better time for a career at ExxonMobil (at least that’s what they say).

Sure sounds like some people got hit. What was the excuse given this time?

David Ellison cut about 20% of Paramount employees when he bought it. How deep will he cut us now that the deal is going through?

I'm hearing there'll be more cuts in October. I'm honestly not sure how many more people they can cut without the whole system crashing, but I guess they want to find that out. Anyhow, I was just wondering if somebody knows more about the next round. Please share if you do.

Will there be more?

In 6 months will the company be bigger or smaller ?

Does anybody know what the impacts were to the Florence site? It has been shrinking so much, I wonder how much longer it will be before it is closed.

They'll wait until the next one to spring another major one on us.

The leadership that allows for something like this to happen is a disgrace.

Looks like really reached the bottom? Somehow it feels like it's hard to sink any futher.

It's fuzzy... It looks like this is a bigger layoff hit that's being coordinated across multiple locations and groups.... NYC, Tampa & Florence, KY... tech, COO- teams, fixed-income/trading... no clear headcount... unsure on other groups too. it's fuzzy and awkward but it seems to be fairly big?

And what’s the bets the next CEO js a downstreamer or Dan the Man who knows nothing about the business. Brother Darren and his merry man have cut the ba--s off the upstreamers. He needs to leave soon before he watches his empire crumble with the constant cost cutting and all of the real talent being displaced by India

I used to be proud to work for VZW. Everyone loved us. What happened? I see the downfall starting around the time Vodafone was bought out.

Now that we know it's started, what's being affected?

We used to be an American institution. Working here was a dream for many. Now, all we know are plant closures and layoffs. Those who can find something else are leaving in droves, and I can't even blame them. It's so sad to see an American icon fall so low in such a short time.