#industry

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

L3Harris will implement layoffs. A total of 63 employees are affected. The affected site is its Orlando laser systems facility. The job reductions stem from a sale to Perimeter Solutions Group. The changes become effective on April 30.

https://www.bizjournals.com/orlando/news/2026/02/27/l3harris-layoffs-orlando-sale-perimeter-solutions.html

Destroyed one of the best IT organizations in the industry. Don't let the door hit you on the way out.

Interesting that adidas is getting out of outdoor when Nike seems to be tripling down on ACG.. anyone know why?

Didn't this company learn anything from its past mistakes?? I'm in the branch and our DM is like get everyone to apply for a credit card even if the customers have a credit card, get them to apply for another because they will benefit!! The DM was shadowing my coworker assist an elderly client and the DM interrupted the banker and suggested to the other lady that she apply for the best credit card in the industry. The lady hesitated and politely said no, but the DM spent so much time pushing the credit card that the older lady finally stated, "if applying for a credit card will speed up the process for me being here, I'll apply." My DM was excited and had the banker do an application. After the lady left and no other customers were around, the DM said " That is how our bankers get new credit cards!" No one in the branch got a annual merit increase, but Wells Fargo is expecting more sales and in an unethical way to achieving those goals.

Breakthru Beverage Group has undergone a “strategic review” of the company’s “overall business,” according to a memo sent to employees by CEO Tom Bené on Tuesday, leading to layoffs of approximately 500 people, sources confirmed to Brewbound.

https://www.brewbound.com/news/breakthru-beverage-lays-off-500-workers-amid-industry-shakeup

The only one that's flourishing is Intel. At least we're the best at something, I guess.

Interesting post from analyst Roger Entner

https://www.linkedin.com/posts/rogerentner_telecom-industryinsights-dataanalytics-activity-7424089431696949249-7h7i

Last week’s snow related remote work has shown what flexibility actually delivers. Without long commutes and constant office disruption, productivity increases, work gets completed faster, and people are willing to put in more time because they have the capacity to do so. That does not happen under a rigid five day office mandate.

Five days in the office adds cost and friction without measurable gains. Real collaboration can happen in two to three days when needed, which is already the market standard. For distributed teams, forced presence changes nothing except morale.

Talent has already responded. High performers with options have left. Those who remain are disengaging. The employee survey made this clear.

As a communications company, forcing presence while selling “work from anywhere” is a strategic contradiction. Remote work for office roles is inevitable. The only question is whether we lead or fall behind.

State Farm has become the MCInsurance of the industry and the MCHub cities are part of the problem! Selling soggy fries, flat Cokes, and forgot the cheese and extra pickles. The people we hire need to be serving fries and burgers for the most part. So do most of the agents. Just a bad Disney movie remake or in a typical Hollywood movie of today were everyone of the characters has to check some kind of DEI box and nobody cares if the movie su-ks, they just have to check the boxes at all costs. Place is such a sad dump!

https://www.inc.com/leila-sheridan/kevin-oleary-loves-why-his-companies-will-never-force-a-return-to-the-office/91291726

2025 Data, based on WARN:

• ITC Federal

  • City: Essex Junction
  • Number of Workers: 60
  • WARN Received Date: 09/30/2025
  • Industry:
  • Notes: 38 River Road, Essex Junction, Vermont 05452

• HP Hood

  • City: Barre
  • Number of Workers: 70
  • WARN Received Date: 09/24/2025
  • Industry:
  • Notes: 219 Allen Street, Barre, Vermont 05641

• University of Vermont Health Network

  • City: Burlington
  • Number of Workers: 60
  • WARN Received Date: 07/29/2025
  • Industry:
  • Notes: 462 Shelburne Road, Burlington, Vermont 05401

• America's Gardening Resources Inc., dba Gardener's Supply

  • City: Burlington
  • Number of Workers: 60
  • WARN Received Date: 07/24/2025
  • Industry:
  • Notes: 128 Intervale Road, Burlington, Vermont 05401

• The Orvis Company

  • City: Arlington
  • Number of Workers: 56
  • WARN Received Date: 06/18/2025
  • Industry:
  • Notes: 178 Conservation Way, Arlington, Vermont 05250

• FedEx Corporation

  • City: Williston
  • Number of Workers: 55
  • WARN Received Date: 04/30/2025
  • Industry:
  • Notes: 921 Marshall Ave, Williston, Vermont 05495

"Our future is not in the print industry but in semiconductors".

Kind of saying the quiet part out loud there.

A number of industries relying on in-person interaction and customers have faced steep declines in employment, a new U.S. Census Bureau report has found.

https://www.newsweek.com/us-industries-that-have-suffered-worst-job-losses-11296028

In 2025, over 17,000 jobs were cut across television, film, broadcast, news and streaming in the first 11 months of the year. This figure was up 18% from last year, continuing a trend from the past few years as the industry has wrestled with consolidation and other pressures like the double strikes in 2023.

https://www.editorandpublisher.com/stories/entertainment-and-media-layoffs-up-18-with-over-17000-jobs-slashed-in-2025,259407

Recent layoffs at McKinsey have sparked a broader conversation about the state of the consulting industry. As one of the world’s most influential consulting firms trims its workforce, analysts are questioning whether this move reflects internal restructuring or a sign of slowing demand across the sector. Many are now watching to see if other consulting firms will follow with similar job cuts.

This company has lost there way it’s a good ole boys club they spend thousands on meetings that have no relevance just a big ole party and in same breath bi--h about a couple thousand dollars needed to keep operations going they do not upgrade there equipment are bring anything innovative into the industry they have lost hundreds if not thousands of years experience in the last few years due to cuts but keep top loading the boys club it won’t be long before they are irrelevant mark these words

just love seeing all the Linkedin posting of the various groups getting together for "end of year" celebrations , congratulating each other on such a great year, in the midst of continual layoffs. Still see Kate talking about "shaking" up industry..... hard to do that when you continue to lose money. Also good to see KJ, Stansbury, Tzetiel and some of the other higher ups reflect on a "job well done" and talking about all in, while the "no more" Lumen humans that were cut loose wonder how they will get through the holidays .... only real winner in all this is Brene' Brown, who continues to get rich off the company.

During last 20 years- since 2005, the usa has lost more than one third of its newspapers & three quarters of its newspaper journalism jobs

I have a gut feeling that we'll have difficult time recovering. The whole industry. I have 30 years of experience and I saw a ton of change, a ton of challenging, pivoting, reinventing. But now it feels different, Hollywood is in a complete disaray and thi stime it feels there is no recovery.

EVs are now 10 percent of new car sales in the states, what will this industry be in 15 years will it end up like coal?

But the whole industry is turning upside down due to tech and ai and some new sofware, so less work is required. It's not good that we are losing good jobs because of tech and this affects all companies in this space regardless of size and location, not only Higginbotham.

Is it bleak across the board or are there pockets of good somewhere?

Within the sales organization, many highly talented individuals have been let go — notably Account Executives and Industry Experts. A few years ago, in EMEA, I had the opportunity to review several account plans in sectors like Telco, Aerospace, and Automotive. I still remember exceptional strategic thinking that went into our plans for Vodafone or Airbus. Professionals who knew their clients deeply and instinctively were on command. The depth, creativity, and relevance of our strategies for complex industries were truly outstanding — second to none ! . And now, all those great people are gone. Brilliant, sharp and fast minds all fired ! Dead weights and slackers, all rewarded ! Deadly politics at play.