#layoffs

Curious if anyone can share what SVP’s VP’s and directors are let go since they said they were trimming the big fat.

We are calling it D Day B Day.

I hope that made some of you laugh and I’m sending positive energy and thoughts to all of those impacted or not.

(I have no idea who what or when this is all happening by the way)

Net Sales $175B, EPS: $1.98, CapEx: $260B, FCF: -$15.6 billion. Bo-m! 12000 Layoffs!
No more cloud capacity!

Network VP broke down capitalized labor recently. They didn’t specifically say capitalized labor is favored to keep in layoffs but hinted at it very strongly. Make sure to fill out your cap labor study saying you have more Development tasks. This allows us to capitalize more labor which equates to less OpEx.

Oh those spooky layoffs, Beth! Yes, anyone can write 100,000 lines of AI slop in as little as one day.

I'm old and retired from CMCSA but was laid off from another large telecom company before joining CMCSA.

Hopefully the following will be helpful if you are laid off;

1. It's NOT your fault,
2. You WILL find another job,
3. The culture at that new job may be very different (like CMCSA was for me),
4. Take this as a lesson to save as MUCH as you can on the new job as there
   is NOTHING like being able to walk away on your own terms.

Corporate America can su-k but take advantage of them.

Has anyone heard about product roles or people being in Fraser Stirling org that will be affected by layoffs?

I’ve heard rumblings. Does anyone know anything?? Worried about layoffs.

What is the latest news on layoffs, how many and when

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.

Initially I've heard it was 15-30% reduction and based off articles I've read. Now I'm seeing and hearing from people in office it's going to be up to 50% of the entire work force. Is this true?

After this 10/22, Next round of RIFs is 11/19 classic thanksgiving gift from mo--n leadership of VZ ?

Anyone hearing which roles or departments are being impacted by layoffs in the California Region? Curious if there’s been any news about which teams are affected or whether more cuts are expected.

Any news for BG office ? Or we are safe ?

Having worked at Fannie Mae for many years, I can speak from firsthand experience. Unfortunately, I’ve seen a difference in the way people communicate and treat others. Some of the messaging from Fannie Mae employees comes across as dismissive, unprofessional, and as though they feel they are above others. In contrast, my experience with Freddie Mac has been that people are more genuine, approachable, and friendly.
It’s disappointing to see a culture where communication can feel unnecessarily harsh and disrespectful. I would never wish a layoff on anyone, as I understand the impact it can have on individuals and their families.
Perhaps, with all the changes taking place, there will be an opportunity to take a closer look at leadership and workplace culture. Organizations need leaders who know how to manage people, not just processes. Strong leadership means treating employees with respect, fostering accountability, and remembering that behind every role is a person who deserves to be treated with professionalism and dignity

Since ConocoPhillips is struggling quite a bit these days, I figure the executives should take some pay cuts this year to help the company out. They’re only pulling in roughly a billion bucks in net profit each month, after all. Practically minimum wage for that 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 salaries 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 S|P|I|R|I|T

Any word on sales? Frontline? Call center? Enterprise? Indirect? Field reps? Wholesale? Outbound? SDR?

Mostly management? We’ve heard nothing but rumors.

we all know what’s going on in Lake Mary is completely wrong. especially the departments that are supposed to be independent. fire them all. replace with outsourced resources

any word on on EBI?

https://www.linkedin.com/posts/sneha-panpat-a347ba256_cignahealthcare-recruitment-talentacquisition-share-7519395281977622528-8Yjo/?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAWhrEYBSQtp3jPxOg27LUVyoITUvpaooVA

Hiring for entry level positions in India vs Hiring for entry level positions in USA

Literally disgusting behavior. Our director does not travel for work he just chooses to do whatever he wants while treating the team like garbage. Half the time he is god knows where calling in on his cellphone and sending IMs rushing you on stuff when he doesn’t even go to the office and does what we he pleases. He doesn’t even have to login on his computer and just calls in on his cell phone but he tells us to have nonstop clicking and keystroke 8+ hours a day and to bring our computers everywhere.

And yes he is exactly the ethnicity you are guessing. Also he is a bald faced liar. He shared a deck that our cycle time was 5 days to leadership when in actuality it is 2 months and they ate it up. Team is a disaster as he’s constantly playing games, laying random people odd, then hiring new people and re-org every few months. Literally an example of the type of rotten ‘leadership’ that had made this place a joke. I’m so tried of liars and conmen like this.

I know everyone is pretty much in the dark but I'm freaking out a bit... I'm an engineer 2 and I've been going through some health stuff and I've been on and off wfh so my swipes are very low for the last 5 months. My managers know and are understanding but idk if the ones doing the layoffs will see it that way.

Getting scared my retirement is going to get smaller. If possible.

Amex is eliminating 5% of its global workforce and taking a $336 million restructuring charge, CEO Stephen Squeri told analysts Friday on the company’s third-quarter earnings call. The firm had almost 77,000 employees at the end of 2025.

Chief Financial Officer Christophe Le Caillec told CNBC in an interview that the restructuring was to make American Express “leaner, more agile, and also to prepare for AI. So what we’re doing here is to reduce layers and increase spans of controls, so that we can automate and take advantage of AI in the coming quarters and the coming years.”

I've already been told that I'm impacted in the Tuesday bloodbath next week. What time should I expect the call that day? Do they usually do it early in the morning?

Layoffs in Elavon Marketing today confirmed. Total number unknown.

What's the package

How much do you think this will weigh in on reviews and lay offs? I'm sitting around 57% for the year but have hit 60% each month since the new roll out. One month in Q1 was terrible for my family with sickness, school closings, and car trouble so had very bad rto numbers. Now I'm starting to worry that one sh-t month is going to sc--w me.

If Saul is the new AI chief, what actually does TK do. She has had everything she has been in charge of taken away. She failed at Agile, as head of Technology, as head of consumer technology, as head of enterprise technology, and failed as a leader on multiple levels. So how is it that she keeps a high paying job at WF while others get laid off. There is no way she is meeting expectations. Can anyone explain how she keeps a job?

AT&T stock is down over 15% this year, and John Stinkey’s big priority is forcing employees into the office five days a week and tracking our hours like we’re his fu-k!ng prisoners. Apparently, badge swipes matter more than results.

Meanwhile, he dismissed SpaceX as “not viable,” and now SpaceX is reportedly pursuing access to 80,000 cell sites to build a potential nationwide wireless competitor. AT&T can beat earnings expectations and still watch its stock get hammered as investors worry about competition and the company’s future while stink laughs it off. Maybe the market is trying to tell us something, M0r0n John

You can’t preach a “market-based culture” built on capability, contribution, and commitment while treating employees like children and obsessing over attendance instead of competing and saying things like “loyalty is dead”. If leadership wants accountability, start at the top.

Stop policing employees and start running the fu--ing business. Resign.

Verizon Stock Is Up 10% This Year. Is It Still Buy Ahead of Earnings?
As competitive threats loom, here’s what we’ll be looking for.Verizon Communications is set to release its third-quarter 2026 earnings
report on Oct. 26. Here’s Morningstar’s take on what to look for in
Verizon’s earnings and the outlook for its stock.What to Watch for in Verizon Communications’ Q3
Earnings
Continued improvement in postpaid phone customer churn and net
additions. Verizon set a goal of capturing 10%-15% of industrywide
postpaid phone net customer additions in 2026, up from a low-to-mid
single-digit percentage in recent years. The firm aims to achieve most
of this improvement through lower customer defections (churn), and it
has seen some improvement in this metric so far this year. But it still
has a long way to go to get back to industry-leading levels.

Stabilization in average revenue per customer and a continued
decline in phone upgrade rates. Verizon has cut pricing to improve
retention, but it has offset this with less generous phone upgrade
offers. We think this shift was smart, moving pricing more in line with
T-Mobile. If average revenue per customer takes another leg down,
though, our view could change.

Solid cash flow and debt reduction. Verizon has generated strong
cash flow thus far in 2026, and we expect that to continue. The firm
has started repurchasing shares rather than repaying debt, a move we
think was premature given current leverage metrics. We’d like to see
the firm shift its tone to emphasize debt reduction more explicitly,
given the potential for an expensive spectrum auction in 2027.
Verizon shares are undervalued, in our view, but we would prefer T-Mobile
among the major US wireless carriers. Verizon’s yield is nice, but we think
T-Mobile’s lower dividend payout ratio of free cash flow and stronger
balance sheet give it more flexibility amid elevated uncertainty around
SpaceX.The following are excerpts from Morningstar’s company report on Verizon
Communications.With its 4-star rating, we believe Verizon Communications’ stock is
moderately undervalued. We expect Verizon to gradually lose postpaid wireless market share to
smaller rivals T-Mobile and AT&T as the firms’ shares slowly converge.
With a rational competitive environment and stable service pricing, we
expect revenue per postpaid customer to grow modestly but steadily over
the long term.
Over the next five years, we expect average annual wireless service
revenue growth of about 2%, with acceleration to 3% in 2028 after most
customers move to new rate plans. After a bump from the Frontier
acquisition in 2026, we expect consumer fixed-line broadband revenue to
grow 13% annually through 2030 as Fios continues to attract broadband
customers and pricing power remains strong.We assign Verizon a narrow economic moat, stemming from the wireless
industry’s efficient scale characteristics. Verizon, AT&T, and T-Mobile
dominate the US wireless market, claiming around 90% of retail postpaid
phone customers.
The massive consolidation across the industry over the past 15 years and
the inability of several interested parties to enter the market with their
own networks provide evidence of efficient scale. We don’t believe
building a terrestrial wireless network would be a rational financial
decision for the industry’s latest threat, SpaceX, but it has very deep
pockets and could choose to push forward anyway.Verizon transformed its balance sheet when it took on more than $65
billion of incremental debt in 2014 to finance the purchase of Vodafone’s
45% stake in the Verizon Wireless joint venture. Following that transaction,
net debt leverage increased to 2.5 times EBITDA. Net debt stood at $164
billion at the end of the second quarter of 2026, putting net leverage at
about 3.2 times normalized EBITDA.
Management’s leverage targets now exclude debt secured by receivables
and a partial credit for the equity component of its junior subordinated
notes. The firm hopes to maintain unsecured leverage between 2.00 and
2.25 times EBITDA. On this basis, leverage currently stands at 2.5 times,
up from 2.3 times a year ago.
The firm has started to repurchase shares, despite leverage sitting above
the targeted range. Management expects net leverage to return to its
target by 2027, but we would prefer the firm move more quickly to repay
debt given the potential need to invest in additional wireless spectrum or
other assets.We’ve raised our Uncertainty Rating to High from Medium, as SpaceX
continues to threaten to enter the US wireless market. Verizon primarily
faces regulatory and technological uncertainties, as well as the potential
for irrational competition. SpaceX embodies all three, as it has developed
new communications technologies, successfully lobbied regulators, and
amassed the resources to compete aggressively in traditional telecom
markets if it chooses.
Regulators control wireless spectrum licensing, which creates
opportunities to influence the wireless industry. A flood of new spectrum
could drive down prices, further easing entry into the wireless business.
Wireless and broadband services are often considered necessary for
social inclusion in terms of employment and education. If Verizon’s
services are deemed insufficient or overpriced, regulators or politicians
could step in.Wireless technology continues to evolve, enabling more efficient use of
spectrum. Technology could eventually lower barriers to entry for firms
that have long wanted to enter the business, including the large cable
companies. Satellite technology could also improve to threaten both the
wireless and broadband businesses.

Entire GSOC team.
3 from Risk Intel
I don't know who else.

Robin, things are beginning to heat up. The current trajectory of BNY’s aggressive US workforce reduction—driven by domestic layoffs, intensive offshoring, and a reliance on lower-cost global labor arbitrage—has officially breached critical thresholds for organizational safety.

The regulatory landscape has completely shifted. Vice President JD Vance’s newly announced federal crackdown on visa fraud and outsourcing abuse—which has already targeted major corporate entities and suspended IT offshoring giants from labor programs—means your strategy of substituting American workers is now directly in the crosshairs of federal inspectors. Visa fraud is a severe federal offense, and you will be the one in the hot seat when the government comes knocking.

https://apnews.com/article/h1b-visa-program-vance-microsoft-e7b3a407f822702b269ee277d21343ea

Just noticed that health benefit got much more expensive and way worse this year, especially the CDHP and select? Is this a way to push people out?

Then Enrique gets shown the door.