#downsizing

The era of prosperity is drawing to a close. Our world is entering its final, irreversible decline

Are there any hard pointers such as IT blocking some stuff, etc?

Another 52 week low with the stock today and has fallen under major support

If it continues to fall then it very likely PE take over, strip the company to bare bones and break it up for parts

How deep do people think the cuts will be on the head count?

It’s year end, how many people will be laid off this time?

United Parcel Service withdrew its $150,000 driver buyout program. The offer was withdrawn in 13 states. The Teamsters union strongly opposed the voluntary separation. Local unions filed grievances over alleged contract violations. UPS downsizes its network due to reduced parcel volume.

Atlanta, Georgia

https://www.freightwaves.com/news/ups-retracts-driver-buyout-option-in-13-states-under-union-pressure

For at least a couple of years, until everything settles down. There's no doubt about this in my mind. If you like job security, you're out of luck.

Once a giant now a mouse

Let's say we survive next week, what's ahead of us in July ?

More general layoffs or entire teams and órga being gotten rid of ?

The layoffs are CONSTANT. They keep them small so they don’t have to be reported. But they are happening ALL THE TIME.

This is something people need to realize and accept. There's no point in asking when we'll be having more layoffs when layoffs never really stop.

Probably a couple more months until they close their doors. No more Weatherford in California.

:(

Germany-based Evotec plans to close its Framingham, Massachusetts facility. This closure is part of a worldwide downsizing effort. The company expects to lay off 800 workers globally by the end of 2027. The Framingham site houses Cyprotex, which Evotec acquired in 2016. The number of local employees affected by this shutdown remains unknown.

Framingham, Massachusetts

https://www.msn.com/en-us/news/us/layoffs-coming-to-framingham-reports/ar-AA1Yvv7O?apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1

Dow? Up. Nasdaq? Up. S&P? Up. Xrx? DOWN 6%... Xerox word salad no longer served with, "headwinds."

Another round of layoffs has happened. We’re in the California division. Anyone experiencing more layoffs this quarter?

They just keep coming. There's no end to them. Another round, then another, then another. I'm so tired of it.

There's no longer a point in asking questions about whether layoffs are coming. They are. The answer will always be yes. The only question now is when. Is it in a month or two, or maybe three, but never longer than that. It's not how things should be, but it is what it is.

151 laid off today. counting

St. Louis office presence is dwindling. Cut cut cut, it’s a sad vibe. Got a cookie yesterday though. Anyone have insight on lease ending or closure date?

https://gizmodo.com/oracle-will-downsize-its-product-teams-because-of-ai-2000732097

Portland State University projects a $35 million budget deficit by 2028. President Ann Cudd announced plans for institutional downsizing, called retrenchment. Nineteen academic departments could see reductions or elimination. Rising costs, limited state funding, and a 23% enrollment drop contribute to the deficit. These changes could lead to staff layoffs, with a final decision expected in June.

Portland, Oregon

https://www.kptv.com/2026/03/10/psu-eyes-cuts-19-departments-amid-35m-deficit-falling-enrollment/?outputType=amp

Had about 35 members of my team laid off on the last RIF 4 months ago - last Monday I and the remainder of the team, 7 of us who were left were let go.

It's down to $25 usd. That's a 28.8% 6 month low.

Someone in ELT is going to push the layoff button because they don't have any other buttons.

Siemens Industry faces a massive downsizing eliminating multiple layers of management while consolidating forces with vendor channels to eliminate branch and regional office structures. Siemens longtime US reputation in Building Technologies continues to struggle through tariff negotiations and industry competition forcing leadership to implement significant cost reductions mobilizing Siemens toward a new sustainable model for 2026

Layoffs today, orwide. The new overlords want their money!!

anyone hear of cuts coming down the line, Intralinks is bleeding out and not doing the business it should and our office is feeling the pinch....

Very likely

Stanley Black & Decker will lay off 300 employees. This action follows the permanent closure of its New Britain manufacturing facility. Layoffs will occur in five waves, starting in May 2026. Most workers, 287, will be terminated between May 4 and May 18. The company cited a decline in demand for single-sided tape measures.

https://patch.com/connecticut/across-ct/stanley-black-decker-layoff-300-employees-timeline-issued-amid-impending

Downstream VPs managers ruining Upstream, Uncon experienced folks ruining Deepwater and Deepwater folks ruining Uncon.

Yes we need cross fu ctional experience, but not Leaders/managers. They come and make people do uncecessary studies and projects which are doomed to fail. The upstream industry is more than 100 years old, yet these d-mb bozoz think they can change the world.

This is foolishness

#IGNITE Stupidity

Another round of layoffs today in R&T…

Memory shortages are going to whack margins and the only lever that can be pulled to maintain stock price is expense reduction aka layoffs.

This company has no ability to sell software without hardware and no ability to hedge across non storage products.

Before someone says what about cloud ..... Azure and the others, will also be hit with the shortages.

NetApp is like a small mom and pop hardware store which is being destroyed by Home Depot.

Leave now before the out of business sign is on the door.

No customer yet.

Plan is coming down the line. Regardless of contract extension or not. À la ups style

$5000 per year of service to leave the company. No restrictions . 5 years or 50 years. Major downsizing is wanted by the company. No ipp offer. Across the board. They will back fill and train if needed for some job titles.

It seems the rolling layoffs have no end in sight, who else thinks they’ll reference AI as a reason for downsizing this year?

The Alvord Unified School District Board approved layoffs for up to 123 employees. This decision was made on February 12 to reduce spending. The district cited a steady decline in student enrollment over the past decade. Up to 101 teacher positions and 22 classified positions will be cut. These actions aim to ensure long-term financial stability for the district.

https://riversiderecord.org/alvord-unified-approves-layoffs-citing-decreased-enrollment-budget-instability/

Heard Desmond thinks the south shouldn't work on ge motors due to getting injured working on them. Sounds like he wants to make the south smaller and road truck sites.

I know it'll happen over three years, but getting rid of over 3k people is an overkill, in my opinion. This will affect the company in ways the leadership apparently is incapable of envisioning. I'm just wondering what'll happen when they realize that institutional knowledge is key in our work.

Why March 3rd?

Yes, time is coming and we are about to implode with all the multiple organizational changes that add no value apart from headcount reduction and the downstreamers managing upstream like a refinery and ki-ling it long term. Expect more safety incidents, more process safety events and more blame on the employees for not following procedures (even though nobody knows what they are anymore). The attrition is rising and we are in a downward vicious circle now.