#layoffs

I understand that they laid off employees in October and they encouraged them to reapply for their positions. Does anyone have information on how many were let go and how many have been brought back? I've heard they were considering external candidates because those who were let go were unofficially not meeting expectations. Is there any truth to this?

My store has been very busy, and we’ve been run off our feet. Partly that’s due to incompetent management, but there’s also been a lot of customer traffic. I’m hearing that not all stores have been this crowded. I’m curious to see what the final holiday numbers look like. I hope they’re good - it might improve our chances of keeping our jobs.

because the disciplinary letter did not work, manager suggested to look for other opportunities since her entire team department got wiped out...

Looks like at minimum, 2 Leap technical coaches were let go. As a former Leap Alumni, this is sad to see happen to the program that gave me my one way ticket into tech.

Does anyone know what’s going on with the Leap program? Have Leap alumni performances been improving? How much Leap alumni have been retained after an 5/10 year period? Is Fidelity hiring less Leap associates? Is Fidelity restructuring the learning criteria of Leap?

I, along with other Leap alumni, may have many more questions.

Long story short, Rif'd 10/30 with last day 11/13. Signed and email severance agreement 11/14 and received response 7 minutes later saying they received the agreement and are reviewing it.

Fast forward today, call the hotline and they said they didnt receive and are opening a case with People Team.

Anyone else go through this ringer?

When the bldg300 data center is finally (after 8+ years of false starts and lack of business case) in the cloud, the new ongoing costs will become apparent. And my prediction is that the executive level “surprise” at the true costs will be enormous. Of course there is no leaving the cloud once you are there at scale, so the issue will be figuring out how to pay for it. Some will say re-negotiation will be needed, but is likely unsuccessful with Microsoft as the provider. The cloud migration may result in a migration of more employees out of the company.

H1B Salaries are expected to be raised in next 6m. Expect a bump up from 150K min to 210K min. the best ones who are getting around 180K should be given salary of 240K+

Now with above salary raises coming, does Oracle plans to give more money to H1B or retain US employees in their layoffs. All through these years, Oracle has fostered H1B so they can give low pay.

You all can post on this site every minute of every day and it won’t make a difference.

You want the public The analyst? that rate DXC n the financial markets to know what’s really is going on with. moral , non-existence merit pay increases

Then hit them where it will be seen , Pist in their social media posts, Linkedin in etc.

I have an am starting to get a lot more likes (people stepping up) than I did 2 years ago.

Also if you hate your employer so much , why are you still there, afraid to get another Job , don’t have the skills required, comfortable (i was and stayed 13 years with 2 pay increases)

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.

https://fordauthority.com/2025/12/ford-blueoval-sk-battery-park-plant-will-close-in-february/

All workers at this facility will be laid off by 2/14/26

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.

Kevin Crowley and Robert Tuttle

(Bloomberg) – ExxonMobil plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its long-term restructuring plan.

The reductions represent about 3% to 4% of Exxon’s global workforce and are part of the company’s ongoing efficiency drive, Chief Executive Officer Darren Woods said in an memo to employees Tuesday. Calgary-based Imperial Oil Ltd., which is nearly 70% owned by Exxon, announced Monday it is cutting 20% of its workforce.

Chevron Corp., ConocoPhillips and bp Plc are among major oil companies to have also announced thousands of job cuts in recent months as crude prices tumbled this year in response to increased supplies from OPEC and its allies. Exxon, however, has been on a major internal restructuring push since 2019 as Woods sought to simplify the company’s sprawling global footprint that came as a result of the merger with Mobil two decades ago.

Exxon is making “tough decisions” that build upon a years-long effort to improve competitiveness, Woods said in the memo. “The changes we’ve announced today will further strengthen our advantages and grow the gap with our competition, helping to keep us in the lead for decades to come,” he said.

Exxon declined to comment beyond the employee memo.

The regional hubs will focus on Exxon’s major growth initiatives such as oil in Guyana, liquefied natural gas along the Gulf Coast and trading globally. For example, the company recently announced plans to move employees from Brussels and Leatherhead, UK, to central London, where many of its traders are based.

Exxon had nine functional companies that operated relatively independently from one another when Woods took over in 2017, creating layers of bureaucracy and duplication of support services. The company now has three main divisions — production, refining and low-carbon — all of which share services like engineering, IT and project management.

The changes have helped Exxon cut $13.5 billion of annual costs since 2019, more than all other international oil majors combined, according to the company. It plans to increase this figure by 30% through the end of the decade.

Some savings have come through asset sales and workforce reductions, but Woods has said the changes also have led to better performance, such has improved maintenance of major facilities and better sharing of best practices between business units.

Exxon employed 61,000 people globally at the end of 2024, nearly 20% less than in 2019, according to the company’s annual filings. Imperial had 5,100 employees at the end of 2024.

https://worldoil.com/news/2025/9/30/exxon-to-cut-2-000-jobs-as-oil-sector-workforce-reductions-accelerate/?oly_enc_id=7798E9325367A8R

Let’s see if we can guess when we’ll have the first layoff of 2026. I’ll start: end of January.

What will become of it?
What will become of CS?

What will become them?

In the last several years alone, we've had nearly a dozen rounds of layoffs and constant team shuffles. They took away stock options for most employees, cut a ton of benefits, and bonuses are a joke. At what point do you just admit the writing is on the wall? It feels like we're all just waiting for the next bad news to drop.

Sadly, employees are the ones paying the price. I spent years here thinking things would stabilize, but instead it was constant disruption and recurring layoffs. Management keeps experimenting, backtracking, and repeating failures, while workers are treated like disposable pieces. What a joke.

Really really good geologists, engineers…Talent is the real competitive advantage.

Goldman Sachs found that layoffs now lead to stock price losses. Will the board learn from this?

https://fortune.com/2025/12/25/goldman-sachs-research-ceos-layoffs-stock-price/

The traditional Wall Street playbook held that layoffs tied to strategic restructuring would boost stock prices, while cuts driven by declining sales would hurt them. That distinction appears to have collapsed.
Goldman's analysts suggest investors simply don't believe what companies are saying ... The real driver, analysts suspect, may be cost reduction to offset rising interest expenses and declining profitability rather than any forward-looking efficiency play.
https://slashdot.org/story/25/12/25/1727221/wall-street-has-stopped-rewarding-strategic-layoffs

Is this likely how the layoffs will go down?

Store level employees should be mostly fine. Most likely cut is BWC. High paid SMs might be a target down the line, but I think the focus will be DM and above in January.
OP: @a2+1kd6vad2r

“Linking recent layoff announcements to public companies’ earnings reports and stock market data, we find that the recent increase in layoff announcements came mainly from companies that attributed their layoffs to benign factors, such as restructuring driven by automation and technological advancements.” But instead of going up, these stocks fell by an average of 2%. And companies that cited restructurings were punished even more harshly. As the analysts wrote, “This suggests that, despite the benign justifications offered, the equity market has perceived recent layoff announcements as a negative signal about these companies’ prospects.”

https://fortune.com/2025/12/25/goldman-sachs-research-ceos-layoffs-stock-price/

Reminder for all employees working on layoff planning. Business as usual the day after Christmas. Please get a good nights sleep and tell your families and visitors you’ll see them next year. And stuff.

Hi all,
anyone aware of CIP payments and when they will be paid?

in my offboarding package, they mentioned I will have CIP payments which is equal to yearly bonus payout along with pay in lieu and notice period.

My last day was in dec 3rd week and received all the remaining pay. but I haven't received CIP payment. Did anyone get it or anyone has info. when they will be deposited?

One last cleanup before entering 2026
Next Tuesday: Dec 30

...of my former co workers and fellow ex-empkoyees.

Except for the current and former executives and board members. May you all rot in the he-l your soulless carcasses deserve.

Already all toxic leaders and managers were asked to leave without any severance packages
All principal engineers were fate in hands of CEO now

Customers are switching to crowdstike products

CEO and Vps like Shankar was begging customers not go for alternative products . Toxic people.. selfish leadership., Employees weren’t not taken well in this org. CEO should resign Nilesh Arora or fire Prisma BU leaders

Heard LRs in Prisma BUs

I've worked at a few other banks, and I have to say, this is the best place I've been. It's not perfect, there are real issues, but it's a good job compared to many others. That's exactly why I worry so much about layoffs. I don't want to lose this spot, and I'm truly thankful I still have it.

Wishing everyone the best for 2026 that were or will be affected in the future with layoffs.

Best wishes to everyone .

Happy New Year 🎆.

Based on conversations with the Works Council, here are the top three actions that the executive board is personally invested in to mold SAP the way they want.

1. SAP is enhancing the Performance Improvement Plans (PIPs) in Europe. This is tied directly to the new Performance Measurement rolled out in Europe. The underlying premise is to give more power to managers to fire whoever they want to. Just give a bad performance for three times in a row and your reports will be automatically on a PIP and susceptible to getting fired.
2. Leanix and Walkme is undergoing a major restructuring in 2026 Q1. They will be moved under Signavio management and there will be new positions created to accommodate for the larger teams. However, only candidates based in Walldorf or nearby areas will be considered for manager and manager of managers positions even if the team is based elsewhere. They already did this at Signavio and we have managers who get to freely travel a lot because they are based at the HQ while 95% of their reports are in Berlin or other areas. Long-term Leanix and Walkme employees will be gently encouraged to leave just as they did with the Signavio management.
3. No more layoffs in Germany in 2026. The rhetoric for teeth brushing will intensify at the end of Q1 when the stock price goes below 200€ at XETRA but the Works Council already has an agreement for no more layoffs in 2026. The point they conceded on was the average salary hike which will be 2% and stock options which will have a very low budget and will be focused on employees who undergo role changes (e.g. Signavio people leads who were DEI coaches but are now development managers). In 2026, the public health insurance is going up by almost 5–6% but the salaries will not. On the other hand, the executive board bonuses are planned to be more than 20 million for CK and similarly higher for other members.

It is not easy to lay off employees in Europe so the executive board has a simple strategy. Divide and conquer. Put employees against their managers and vice versa. Discriminate against employees in regions besides Walldorf and nearby areas so they are against employees in those regions and vice versa. Make board areas competitive against one another so they will fight for budget.

Employees are so busy fighting against one another and worrying about their jobs and paying the bills that no one will question the share buybacks and why so much money is given to the executive board as bonuses. And life will go on.

Merry Christmas everyone and a Happy New Year too.

I can’t sleep after being laid off by digi-wreck a few months back and not finding anything to replace my job. I could not buy gifts this year for my kids and we are all scared.. I tried to apply for fast food, retail, and construction jobs until I find something in IT and they said I was over qualified. We will keep trying. Please don’t forget those of us that were laid off and those that will be losing their jobs next year. It is really sad and very real. I wish they had just told us there was a high possibility of lay offs in advance so we could have searched before the layoffs happened but they didn’t trust their teams . My family does wish you all happiness this holiday season.

Until next year!

I don’t care about executive drama or corporate talking points anymore. All I want to know is when the next round hits, because planning for survival is the only priority left.

Did Intel reach the target yet on Christmas and end of the year?

The fusion of all positive energy were gone. It’s already in the mid downfall. Game over is nearing or is it just spawning? One thing I see, no diamond in Verizon. I ‘ll sit back and watch.

Consulting companies for modern tech recommend 1000 per billion revenue, that would mean 5000-6000 employees

The math doesn't work and selling 25% of the company won't be enough. For anyone left there will be massive layoffs