#headcountreduction

Another 50 roles cut…

2026 Q1 -
10% reduction in Technology lob

Head count reductions are coming. HR is looking at span of control again. This always leads to HC reductions. Last time they did this, they had the first VBO.

I think the VBO will be offered again in 2026.

Hans used 5G to try and distract us from reality. Dan is using AI. The long term plan is not dictated by either of these technologies and while the changes and headcount reduction are part of a plan, we will not know what that plan is until it happens. A sell off? A shut down of all stores and migration to resellers? Moving wireline work to the newly acquired Frontier team? We don't know.

What we do know is the constant gaslighting over the years that has become nauseating. Telling us we have the best network and customer service when customers tell us the opposite?

Layoffs will resume Q1 of 2026. I am ready and waiting for my number to be pulled. With the writing clearly on the wall, how many people will be back on this website panicking because they did nothing to prepare for the inevitable? I hope it's a minimal amount but some will be blinded by a new year and an attempt at Q1 kick off meetings to distract the easily distracted.

We have a week left of 2025. Once the clock turns midnight, the peace and quiet is over and the cycle will start again.

Ask questions, ask for clarification when the answer doesn't make sense, and remember you are not valued as a person, you are a dispensable number and will be treated as such very soon. Meanwhile, our executives are raking in millions, annually.

Dan Schulman

Verizon Compensation (2025 onwards)
Base Salary: $1.5 million annually.
Short-Term Incentive: Target of 250% of base salary (prorated for 2025).
Long-Term Incentives (Equity): RSU/PSU grants with target values potentially reaching $9.5M and $20M, vesting over time.
Total Potential: Can reach nearly $60 million, depending on performance.

I'm a lead in FE and was advised by the PGL that she has to let people go in January. She told me that she can't justify the headcount she has. No new orders are being pulled and the LTF has been erased.

More rifs announced effective 1/31/2026. This one is even bigger. Billing is losing like 60 to 75% of its employees

According to Volvo Group North America, the Hagerstown plant will be laying off 97 production technicians, effective January 5th. The plant, Volvo said in a statement, is adjusting “staffing to reflect ongoing weakness in the North American truck market.”

https://tristatealert.com/volvo-mack-trucks-in-hagerstown-to-lay-off-nearly-100-jobs-by-january/

The company is planning deep cuts across its non-client-facing staff, Bloomberg reports, as much as 10% of headcount within some areas, a move that could eliminate several thousand jobs over the next 18 to 24 months.

https://qz.com/mckinsey-layoffs-white-collar-jobs-ai

The UK technology distributor has informed staff of plans that could reduce headcount from approximately 1,200 employees to around 130, subject to consultation.

https://www.yourharlow.com/2025/12/13/possible-jobs-blow-for-harlow-as-exertis-confirms-layoffs-as-it-seeks-to-change-structurally/

PowerSchool, based in Folsom, has reorganized and reduced its workforce.

https://www.bizjournals.com/sacramento/news/2025/12/12/powerschool-restructuring-layoffs.html

How many total were cut?

We've heard the news we need to shed from 130k employees to 100k. But now we're hearing shedding 50%, by end of 2028. Anyone else hearing something?

Dec 11, 2025

ExxonMobil plans to cut its low-carbon spending by a third, the latest sign of a pullback on decarbonization across most big oil companies. In its latest corporate outlook, Exxon raised its 2030 targets for earnings and cash flow each by $5 billion. That should be possible without new capital spending, the company said. But it will require low-carbon spending to fall to $20 billion from $30 billion, following what CEO Darren Woods described as lower-than-expected customer demand and less supportive government policies.

Hydrogen is among the divisions on hold, a trend across the industry, which has put more than 60 hydrogen projects on ice this year. Overall, oil majors’ green ambitions have mostly failed to pan out: Shell and BP, which pushed ambitiously into lower-carbon business lines only to pull them back, have seen their share prices fall to a deep discount relative to their US competitors.

— Tim McDonnell

https://www.semafor.com/article/12/11/2025/exxon-plans-to-cut-low-carbon-spending-by-a-third

There will be a huge round of layoffs happening in Optum with notification date of Jan 22. Every business is at risk, as Corporate handed down mandates of between 10%-30% reductions depending on the business. More happening in Feb & Mar as well. Oh and RRP Funding STILL hasn’t been approved.

Does anyone have any insight on headcount reduction coming to Independent Testing & Validation? I’m new to this LOB and don’t have any background knowledge on the inner politics. Thanks.

Expect to see the recently reported forever layoff model. This is a persistent, all year method for layoffs where they happen in artisanal small batch format to prevent investors from getting alarmed.

Large companies do the showy layoff where they announce large layoffs then hire the same or greater number with h1b or offshore. Thus keeping the same headcount to keep from alarming investors.

Hi friends. I have it on good authority that layoffs are confirmed for early 1Q 2026 immediately following the holidays. My source said the board recently signed off on the plan of “execution”. Also a major topic of discussion was to relocate the HQ back to Spring TX due to quality of hires found in Oklahoma. This was a similar strategy of our former company, Southwest Energy said they could hire much better Engineers from A&M and the land people from Okie were non consequential hires basically. Although this appears to be a long term plan for Expand after the dust settles from this 25% layoff. I’ll keep this forum updated with more news and stuff. Happy Holidays, y’all!

This is literally the description on the Layoff.com portal

Let’s that sink in!!!!!!!

We are now 85k barely. We have lost close to 100k employees.

This is a effing TITANIC I say. Jump while you can. Indian future CEO is already interviewing. Trust me!!!!

This shady a-s company is looking to reduce headcount more and will find any reason to force people out. Look out for yourself and keep your eyes peeled for a new gig if you are able.

So for those of you who aren’t getting information from your managers, directors, etc., the workplace relocation notifications are going to take place beginning first or second week of January. If you’re not in one of the 40 key network locations, the four hubs or one of the 10 to 12 other approved locations you will be getting notification to move to a new office location.

If you’re within 50 miles of your new location, you’ll be expected to start reporting within 60 days. If you’re over 50 miles you will have 60 days to say whether or not you will accept the new location assignment if you say yes you will have until late spring early summer 2027 to make the move if you say no in all likelihood, you’re off the payroll by June 2026. If you say yes, and then the year passes and it’s time for you to go, and you say no, you’ll be terminated without severance.

Everyone, regardless of your role or your organization is affected. Whether you’re a national employee, original employee or a market based employee all these rules apply and many of us are already being told unofficially where we’re headed.

This is all part of a two prong effort to reduce headcount and also reduce real estate footprint. So the company will reduce real estate footprint and obviously save money by selling off those buildings and/or ending leases. Secondly, they’ll save money with a reduced headcount because there’s going to be people who say no right out the gate and others who will leave the company in the term or when the time comes further reducing headcount considering how many people this affects it’s gonna be a pretty steep cut in headcount when it all shakes out.

AT&T’s latest office shuffle in San Antonio is fueling speculation about the future of its downtown Dallas headquarters.

The telecommunications giant confirmed it will vacate its office at 1010 N. St. Mary’s Street in San Antonio and relocate to the city’s West Side, according to the San Antonio Business Journal article published September 29.

The move will leave about 400,000 square feet vacant in the city’s downtown office market, which has already been weakened by recent corporate exits.

Sources familiar with the transaction told the San Antonio Business Journal that AT&T signed a deal last week to occupy more than 100,000 square feet at The Reserve at Westover Hills, a suburban complex that had been largely empty since 2021.

Not sure if mgmt will attempt to bolster the Q4 results with more layoffs. The October 15-20% cuts will be included in Q4 but the goodwill reporting delays cannot be further delayed.

Insights on plans to capture further headcount reductions in 2025?

#WFC - Now that I have moved to a new company, I am happy to post this. I have never seen a more unprofessional, outdated operating model. The absolute truth is Wells Fargo Bank is a true cesspool from the top, down to the recycled mid-managers and their lies, abuses, yearly Job Title changes, Loopholes exploited, and the Misclassification of offshore h1b(job titles, and USA workers job titles and so called “officer roles”.

The same is will continue theough 2026. So glad I am gone, I was embarrassed to work here at this point. Having WFC is equivalent to having a Schart stain on your resume.

Now, with the new unethical(loophole) mandate raising the salary thresholds, many companies are quietly rebranding jobs to dodge overtime rules. Titles like “analyst,”, “specialist,” or “associate manager/Associate Specialist 4 - Vice President” are being handed out without changing THE ACTUAL WORK. It’s just another loophole being exploited: the company narrative makes it look like you’re exempt, while your day-to-day duties tell a different story.

The law is clear, titles don’t matter. What matters is what you actually do. If your role is routine, closely supervised, or production-based, you’re likely non-exempt no matter what’s printed on your badge. But the timing of sudden title changes around this mandate is a red flag: it may be an attempt to fit workers into exemption boxes that don’t really apply.

For employees, this isn’t just semantics. Misclassification means unpaid overtime, longer weeks for flat pay, and missed income you’ve already earned. If your “promotion” didn’t come with real authority, like hiring, firing, or decision-making power you may have just been reclassified on paper.

Keep an eye on how your job was described and the in-office expectations listed on the JD before the so-called rto rule change, what your duties actually are, and whether the company is leaning on titles as a shield. Misclassification isn’t an accident; it’s a tactic. And it’s one that costs workers the most. This, coincided with non-stop hiring of riskyH1b’s hiring, offshore contractors, etc clearly show Wells Fargo does not support American jobs, nor so they support America’s communities.

Doesn’t anyone think that it is a problem for one man a.k.a. CEO to make 30 million just to reduce headcount aka lay off American jobs and fill with offshore employees(very risky). Meanwhile, there are school-bus drivers out there making $50,000 a year and taking kids(priceless to many) to school and make millions leas yet have more accountability than someone making $30+ million dollars. Something is wrong here.

WAKE UP People. We have the power to make changes. Just document everything!

Layoffs will also continue until the end of the year. And start back up again in 2026. Everything else communicated is just smoke and mirrors. Stack rankings, ratings calibrations, favoritism, sham ghost jobs run rampant here.

When will the regulators wake up to this habitual offender of a bank. Clawbacks are coming for the Schart when they can’t hide the mess he made anymore.

Cant believe how poor the Management and Shareholders are in this company.

I could turn the situation around easily, spin off the insurance to Private Equity or IPO for $2billion, which will pay off all the debt.

Your left with a cash company generating Free Cash Flow of $400 million with no debt on a PE of 20 thats $8 Billion= $48 per share.

I would not hire any new folks, natural wastage would get rid of 20% of the workforce in the year, i would get rid of the several layers of management, the existing employees would retrain if they were offered a good pay incentive, FCF would rise to $450 milion, another $10+ on the share price to $60, then get some bolt on Acquisitions.

If Fernandez isnt going to grow the Company this is about to happen soon.

A California-based data company is trimming nearly a dozen Travis County positions after it was acquired recently by an Austin private equity firm.

Couchbase Inc. is eliminating 11 of an estimated 40 positions at the company’s Austin offices at 9050 N. Capital of Texas Highway, according to a notice filed with the Texas Workforce Commission. Most of the employees affected are part of the company’s sales and corporate teams.

https://finance.yahoo.com/news/couchbase-laying-off-11-austin-190418814.html

We keep hearing that more cuts are coming, and the rumor mill is nonstop at this point. If anyone has anything even remotely reliable to share, please do. It’d help a lot of us figure out what to expect instead of stressing over every random whisper.

No announced LR, but it seems like there are personnel that are getting cut across different groups and divisions this month. Does anyone one else notice the headcount reductions? If so, what groups, divisions, etc. are getting targeted?

Just check the OUTLOOK, you will see many of your Leadership names will be missing and this will be seen thru until 3rd week of December

As part of the cost savings, the layoffs are currently happening and some will commence next year.

What are the plans for Channel ACD, I2B,D2D etc?? Any heads rolling??????

I can confirm 179 stores to be closed and down to two markets West and East. Not 100% sure what that means for head counts but 2 MPs left and not sure if 2 RVPs will retain their positions.

If you’re a manager you have probably already been asked to provide numbers.

I expect at least a 10% cull across all/most teams in February before the end of year reviews.

Getting rid of many managers and collapsing them to ICs and creating teams with 1:20 or 1:25 even, was done to make it easier to give up headcount. It was always going to be the next phase. They are speeding up the next phases of cuts

Well, I just got notice from my manager. I hate to break the news, but the 5 days RTO rumor is true. It’s not 3 days anymore it will now be 5. Seems they are planning to use RTO to reduce headcount without severance. Just fair warning to y’all. I am in shock.

They ran reports showing a 29k headcount.

IYKYK

I want to believe that Verizon has more than 29k employees.

Per news article from Ignites, BNY cut 3400 staff in the past 12 months and paid out $250 in severance.

Also mentioned in the article that approximately 50% of staff are now based outside the US; before Robin this was 40%.

They’ve been he-l-bent on cutting people and gutting the teams that actually know what they’re doing and get things done.

Verizon plans to cut jobs as Dan pushes for a LEAN COMPANY. He said it... Employees in the Potomac region have already been offered voluntary separation packages which are listed on the local union’s website. Those interested need to apply before December 12 2025.... One of them said they were notified by email about a month ago and told to expect the package by mail... soooo the process began before Dan became CEO. If his goal for a leaner ops continues, more and more and more job cuts are expected next year.

Intel finalizing plans for mass IT outsourcing to Acenture and Infosys this will allow Intel to realize a significant headcount reduction aligning with Lip Bu Tan’s plan

The management team documented headcount reductions at Investor Day and the materials are on investor.bankofamerica.com - read it for yourself.

https://d1io3yog0oux5.cloudfront.net/_921b404bf18d5836995d3afa5c212c04/bankofamerica/db/968/10447/file_upload/BofAInvestorDay_FullPresentation_Final.pdf

Page 61 (stamped 39) shows a clear and significant push reduction in headcount. The slide is titled “Continue to Drive Growth and EFFICIENCY thru strategic investments…”. Watch any interview with Brian (Maria Bartoromo for example) and he avoids the question on headcount reductions from our investments in AI. The presentation signals to investors headcount cuts are coming and of course just how wonderful the management team is doing. We lag peers on EVERY meaningful metric so investors said same tired BS and dumped the stock on a market up day. Investors laugh at “responsible growth” so now we have to rename it “Try to catch up to every peer we lag growth”.

Search for the word “efficiency” in the deck and it comes up 51 times with the last one on page 298 (stamped 22). Management is targeting an efficiency ratio of 55-59% and publishing that to investors. Management cannot control revenue. Management can only control expense. These targets only require a 10-20% headcount cut and it’s so super easy to do. The question is does Brian want reductions in the Q4 earnings release or Q1 2026.

39K before acquisition, how about now?
How far to go to reach 7K or another number?