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Colette Kress - short 3 year stint at Cisco

Colette Kress was at Cisco from late 2010 to September 2013. She was the
Senior vice president and chief financial officer of the Business Technology and Operations Finance organization.

This is what she got to experience during her time at Cisco:

July 2011 Eliminated 6,500 jobs, part of a major company restructuring
July 2012 Eliminated 1,300 jobs, citing global economic uncertainty
Aug 2013 Eliminated 4,000 jobs, equal to five percent of its workforce

I wonder if she got LR'd or left on her own? Probably on her own. Who would want to continue working at a company when there are constant layoffs?

#Layoffs #CFO #Restructuring #Executives #Attrition

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.”

#RIF #Leadership #Executives #Management #Downsizing

Aristocrat’s boardroom infiltration is hollowing out our edge.

The sheer concentration of former Aristocrat executives embedded at the highest levels of Light & Wonder points to a deeper, structural risk. Looking at the resulting decline in our product quality, the narrative shifts from simple talent migration to something far more aggressive—suggesting a corporate infiltration designed to hollow out our unique market advantages from within the boardroom itself.

#Executives #BoardOfDirectors #Leadership #Product #CompetitiveAdvantage

Well the mouse house

Is cutting 20% so I’d say that’s an ominous outlook for everyone
Really a u c k s when companies get that grossly wealthy on our backs and labor then greed out for top execs and then cry poor mouth to employees.
IBM used to never layoff they even had engineers pairing just to keep them on the payroll.
Long gone are those days of loyalty.
House of cards at the house of fidelity???
We shall see.

#Layoffs #JobSecurity #CorporateCulture #Executives #Morale

Leadership Layoffs

With all of the people posting that they lost their jobs this week, why cant people post the leadership names that also got laid off as ell. All SVP's, VP's, Sr Directors and management should be posted they put Comcast in this position and will be fine with there payouts. All of the people will not......

#Layoffs #Leadership #Executives #Management #Severance

Record profits and we still all fear HC10 cuts

Highest profits, and we still have to fear HC10 compensation and job cuts. Isn't that sad? The recent quarter saw highest revenue in years, and it means nothing for us. We have had nonstop cuts and we still have to worry about cuts on a daily basis. Whatever happens, we never come out on top as peasants. Only the executives win and they never have enough and always want more from us.

#Compensation #Cuts #Executives #Layoffs #Revenue

Time for Executives to help the grandma shareholders

Remember during COVID how they cut our benefits to help grandma collect her dividend? I am sure it want motivated by the executives wanting to collect their dividends.

Since ExxonMobil is struggling quite a bit these days, I figure the executives should take some pay cuts this year to help the company out. EM is only pulling in roughly billions of dollars in net profit each month, after all. Practically minimum wage for the executive crowd. Why not let the company hang on to a bit more of that money, eh? The executives can take one for the team and bump profits even higher by trimming their own compensation instead of just cutting jobs in the States and up here in Canada. It’d also let them show the shareholders just how committed they are. It's their time to shine and show their WAEM behaviors.

#Executives #Compensation #PayCut #Profit #Shareholder

Schwab 2025 Exec Salaries (SEC-Reported)

Here is a summary of Schwab executive salaries from Google Search. Do you all feel that the record profits are mainly being shared disproportionately with the EC and the senior MDs?

Top Executive Compensation (FY 2025)

Richard A. (Rick) Wurster (President and Chief Executive Officer)
• Total Compensation: $18,755,222
• Base Salary: $1,248,468
• Cash / Non-Equity Incentive: $4,727,416
• Stock & Option Awards (Equity): $12,687,572 ($7,612,553 stock + $5,075,019 options)
• Other Compensation: $91,766
• Note: Up ~49% from his 2024 total of $12,549,487.

Charles R. Schwab (Co-Chairman)
• Total Compensation: $8,540,179

Michael D. Verdeschi (Chief Financial Officer)
• Total Compensation: $8,117,704

Jonathan M. Craig (Managing Director)
• Total Compensation: $6,270,321

Walter W. Bettinger II (Co-Chairman / Former CEO)
• Total Compensation: $6,261,234

Key Metrics
• Median Employee Pay: $131,480
• CEO Pay Ratio: 143:1 (Richard Wurster's total pay compared to the median Schwab employee)

#Executives

Purge timing is perfect.

These overpaid new AVPs, VPs and SVPs needs to be sent out the door. Terrible leadership that just packages up the good work of others and represent it as their own.

Now that the company is in trouble, these bureaucrats pushed out all key talent and replaced them with inexperienced but easy to control lemmings. Time to start with a clean slate. Bring back those key talents that left and restore the business. The brain drain is too intense for minor changes. Go big or just sell the company. All these leadership decisions just shows you that Alex couldn’t care less anyway.

#BadLeadership #Bureaucracy #Executives #Leadership

Downstream, chemicals and maybe Upstream execs

As part of D&S, will they downgrade/mandatory retire the numerous low value adding execs? You can probably get 2-3 employees for those in HC10 locations.

Especially downstream and chemicals, why the f--k do you have so many execs?

If you weren't thinking of this DWW already, you have heard it now

#Chemicals #Executives

Useless Houston Execs

One impact of getting rid of capable managers in many HC10 locations is that the high paid Houston Execs are getting exposed. Nobody knew what they did before and now everybody knows for sure because they don't understand their own organizations and only seem able to make increasingly d-mb decisions based on nothing more than a feeling.

#BadLeadership #Executives #Management #Accountability #Houston

UMG Announces Significant Workforce Reductions

Universal Music Group is implementing widespread layoffs across its U.S. and U.K. operations, impacting numerous employees and several senior executives. These cuts follow earlier reductions in the company's Canadian division and the departure of a long-standing executive. High-ranking officials from Def Jam Records, Interscope Records, and Republic Records are among those leaving their positions. The company cites industry transitions and consolidation costs as factors contributing to these difficult decisions. These layoffs are part of a broader trend of staff reductions occurring across major music companies.

New York, New York

https://variety.com/2026/music/news/universal-music-group-layoffs-top-execs-out-1236911991/

#Layoffs #WorkforceReduction #Executives #Restructuring