#layoffs

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Anybody else unable to do anything due to anxiety?

I tried gaming, watching a movie, and a bunch of other stuff and nothing helped. All I can think about is potentially being jobless next week. I don't have savings, so I'll be sc--wed if I can't find a replacement job right away, which is highly unlikely. I just feel sick to my stomach about the whole thing.


Wells Fargo is the best example of this

Welcome to the world of the "forever layoff." Companies are increasingly making cuts year-round in small batches rather than big sweeping firings.

The smaller batches of layoffs let businesses make changes and shift strategies without attracting scrutiny — and they normalize layoffs as a typical part of work. But they still put people out of jobs and make workers super anxious.

https://www.axios.com/2025/11/16/rolling-layoffs-small-firings


I'm surprisingly calm

I’m waiting to hear whether I’m getting cut, and I’m calmer than I thought I’d be. I spent a long stretch tightening things up at home, cutting back, saving where I could, and making sure we built a routine that didn’t depend on every paycheck lining up perfectly. That mindset changed everything for me.

We built our life around flexibility instead of pressure, and now even a layoff wouldn’t send us into a tailspin. It took effort, sure, but it taught me that preparing for uncertainty gives you a lot more control than you think.

Whatever comes next week, I know I’m not walking into it empty handed.


What % of people laid off this wave?

I see that there are planned layoffs in March and June, although I wonder if the source is one post on blind which might or might not be true. Either way it would help to evaluate what % is laid off? Cali laid of 175/2300 which is close to 10% budget as Cali is expensive? Post your % numbers based on anecdotal evidence


What about previously scheduled holiday vacations?

I have international vacation trips for Thanksgiving and Christmas already approved and non-refundable airline tickets purchased. If I'm not on the list I assume I will not be claiming the vacation days and will get extra pay for the vacation days not claimed.

What if I am not selected but half my team is?


Bloated Share Price

What kind of Accounting is Krabanaugh doing?

Does anyone normal think it's worth over 300 a share? I would not be surprised if he is cooking the books. Remember he said the quiet part out loud when he said he wanted to reach 300 at a F&O All hands earlier this year.

And if IBM is really valued that much, why all the RAs?


Look at all the "awards and Meetings" retracting from results

Notice how after a layoff, the Lumen higher ups like to post about the "wonderful awards" they seem to garner from this group or that group, and directors like to post about "brain storming" sessions with subordinates that they are working on things like AI and NAAS, but not addressing the real elephant in the room regarding declining revenues on the services that are still paying the bills? "look at this shiny thing over her, while we run Lumen into the ground" Kate and Kye are truly lost, it's no wonder why they jump from company to company, and bring all their friends with them.


Layoffs near recession level

"The consulting firm Challenger, Gray & Christmas reported that 2025 layoffs have reached recession-levels, totaling about 1.1 million cuts, including 153,000 in October. Employers cited cost-cutting and AI as drivers, with technology, retail, service, and warehousing sectors hit hardest. The firm reported that technology firms have announced roughly 141,000 job cuts this year, a near 17% increase from 2024."


February demolition?

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


Layoffs and Business Continuity

With the holidays coming up and all these much need layoffs being executed, how is the business continuity planning going, Alvind ? Shareholders should ask the question and you continually lie whenever you go in front of the media to talk about layoffs :

https://www.youtube.com/shorts/exV3avZIa9w

Net hiring up ? where exactly ? India as usual ? Who gives a darn when you are running a public American company and Americans are being laid off. Your compensation and those of your Pipmunks needs to be re-balanced (downward direction) for your failures. You are getting excessive compensation for your lack of management. As a CEO, you are an abject failure, not a great employee. And you contradict yourself in the same interview and you know it. You are an excess to IBM requirements.


Quick action/Bad decision

While the RIF may be needed to cut cost and financially support or spend on new areas but the outcome of a quick decision like this usually does not work out from my experience. The employees did not get much time since the announcement was made. My concerns is they will be cutting people not having enough time to look at their scope of work. A poor judgement will be made. The leaders should have taken their time to do this exercise. That way we could have kept the right people or department to support our customers and the network. I just do not get what is the hurry for…


The suspense is ki-ling me. Just let us know already

There is more information about this mass layoff on every news website. Reporting to work as well as all internal websites is like crickets, no information - like nothing is happening. Next time please let the employees know they are getting let go before it hits the news. This suspense is ki-ling me - Do I stay or do I go, just tell us already who is being affected.


Perplexity Answers Which Dept are at risk?

The departments and roles most at risk in Verizon’s current layoff wave are those in non-hub locations, remote-only roles, legacy functions, and middle management, with a particular emphasis on areas not directly tied to core business transformation or strategic platforms.[reuters +3]
High-Risk Departments and Roles
• Remote/Non-Hub Employees: Workers based outside core and business hub locations or those exclusively remote are the primary targets.[remio +2]
• Middle Management: Over 20% of management roles, especially those with duplicative functions or not clearly aligned with growth priorities, are flagged for reduction.[finalroundai +1]
• Legacy and Support Functions: Departments relying on old technologies, process-heavy support teams, and administrative roles—especially those made redundant by automation or digital platforms—face higher risk.[remio]
• IT Support and Operations: Routine IT, helpdesk, and non-strategic operations, particularly those not driving cost savings or transformation, are being streamlined.[remio]
• Finance, HR, and Shared Services: These centralized functions face consolidation, with job loss risk greatest for those outside highly specialized, strategic, or compliance-driven roles.[fortune +1]
• Sales in Declining Markets: Sales teams in underperforming or shrinking segments are seeing targeted reductions, especially if their territory overlaps with others or shows declining ROI.[deccanchronicle]
Safer (But Not Immune) Roles
• Employees in critical, revenue-driving, or transformation-aligned teams—especially in core hubs—are less likely to be cut, but all business areas are under some level of scrutiny this cycle.[reuters +1]
In summary, remote workers, non-hub office staff, duplicative middle managers, and those in legacy support areas face the highest layoff risk at Verizon during this restructuring.


No more FSA lump sum at start of year...why?

Adobe has chosen not to give an FSA lump sum at the start of 2026. Something they've done since I started in 2011. Rather, they are going to spread it out over January to October. That significant change, among many other things I'm seeing around AI, suggests to me that they are aligning corp expenditures around planned mass layoffs at some point in 2026.


Management is the problem.

Anyone else think that this week’s productivity will reach an all time low? Is there any hope of it improving the following week? The only chance management has of rallying the workforce is to significantly cut the bloated layers of management. Leaving the old CEO on the board for another year sent a loud and clear message regarding Verizon’s non-commitment to change. That was a very stupid move! Telling the entire workforce that they would find out in just three weeks if they still have a job is just off the charts D-MB! If Verizon cuts front line employees without cutting significant management you might as well lock the doors and sell off the assets.


Thanks & good luck to all!

This site has been great therapy for me. It’s so hard not to be bitter about the situation, our leaders, and all of the uncertainty. Verizon & all the great people here have given me so much over the last 15 yrs. I’ve had the time of my life, hoped it would last, but nothing is forever. I hope it ends well for all of us, but I will tell you that many of the best outcomes in my career came from situations I never planned and never had a say in. Best of luck to all of you!


Pretty sure management layoffs will continue right up till the unions contract which there will not be a strike

So once their done destroying the management already heard rumors that the unions already cut a deal with the company to settle the contract .They already came up with a plan to sell it to the membership as if it was the best they could Do .It will be just more of the same .Anyone thinking that their going to get all kind of concessions from company is nutz.Company nor the union want a strike


ExxonMobil Layoffs 2025 - ChatGPT AI Compilation

ExxonMobil is set to lay off 2,000 workers globally as part of a restructuring plan aimed at improving efficiency and consolidating operations.

Overview of Layoffs

Number of Layoffs: ExxonMobil announced it will cut 2,000 jobs worldwide, which represents about 3% to 4% of its global workforce of approximately 61,000 employees.

Affected Regions: The layoffs will primarily impact operations in Canada and the European Union, with 1,200 positions expected to be cut in Norway and EU countries by the end of 2027. There are currently no planned job cuts in the U.S..

Reasons for Layoffs

Restructuring Plan: The layoffs are part of a long-term restructuring strategy aimed at cutting costs and improving operational efficiency. ExxonMobil is consolidating smaller locations into regional hubs to enhance collaboration among employees.

Market Conditions: The decision comes amid fluctuations in global oil prices, which have prompted many energy companies, including ExxonMobil, to reduce their workforce to maintain profitability in a challenging market.

ExxonMobil has stated that the restructuring is necessary to align its global footprint with its operating model, emphasizing the need for collaboration in a rapidly changing energy landscape. A spokesperson noted, "Our global office network was established decades ago under very different circumstances".
Global News

These layoffs reflect broader trends in the oil and gas industry, where companies are adjusting to lower prices and focusing on efficiency amid ongoing market volatility.


VBG has been gutted

Over a couple years ago, Verizon leadership sent 3500 Verizon employees to HCL. HCL has let go 99% of them. Customers are leaving because they don’t want to deal with India, or the incompetence of HCL. I hope Gina, Kyle and the rest of the complacent leadership gets booted. I know they will cut more of the business unit. To best of luck to those have been through a lot since MCI.