#layoffs

Wonder how much more bad news is out there now that Rick is out. Doesn’t instill confidence and I wish that we at Ansys were not acquired.

I suspect the initial set of layoffs will happen tomorrow now that we have an all hands call tomorrow.

TScan Therapeutics is laying off 30% of its workforce as the T-cell receptor (TCR) therapy biotech abandons a phase 1 solid tumor trial and focuses on patients with blood cancers.

https://www.fiercebiotech.com/biotech/tscan-lays-30-workforce-halts-phase-1-solid-tumor-t-cell-receptor-trial

Has it started yet ????

Anyone know how many impacted? Also seems they're getting rid of 9/80 schedule

https://patch.com/new-jersey/hoboken/optum-lay-572-workers-closing-pediatrics-mental-health-offices-nj

"Optum, a health provider owned by UnitedHealth that took over numerous medical practices in New Jersey in the past several years, will lay off as many as 572 workers over three months, according to WARN notices filed with the state.

The company began sending letters to patients on Monday informing them of medical practices that will close as of Nov. 30 — including some pediatric and specialty medical offices, and all of their mental health practices.

One email received by patients on Monday said Optum will cease offering behavioral health services throughout New Jersey after Nov. 30.

Another message received by patients in Hudson County, one of the most densely populated counties in the country, said four of the company's pediatrics offices will close as of Nov. 30.

According to four WARN notices filed with the state of New Jersey on Oct. 1 — required in advance of mass layoffs — Optum Care will lay off 572 employees statewide, with most paid through Feb. 2. Separately, Optum Medical Care will lay off 122 employees just in Secaucus by February and March. And Optum Select Services and Optum Management are laying off 60 workers total.

Find out what's happening in Hoboken"

I saw someone mention it here, and if that’s true, it would mean another round right before Christmas. Can anyone confirm if that’s actually the case?

our group lost 33%

The University of Southern California has issued layoff notices to more than 900 employees since July amid a fiscal crisis that has battered morale and strained resources.

The cuts, detailed in a Monday letter to the USC community by interim President Beong-Soo Kim, are central to an effort to erase a budget deficit that ballooned to more than $200 million. The layoffs have included employees across the university and its health system, including student academic advisers.

https://www.yahoo.com/news/articles/usc-more-900-employees-laid-004014828.html

Being part of a recent round of layoffs has given me a lot to think about — not just about my own career, but about leadership, accountability, and the values that guide organizations.

In many cases, it seemed that leadership roles were protected while teams — the people who did the day-to-day work that drove results — were let go. It’s a tough reality to process, but also a revealing one.

after 60 years the Orlando plant closed as of 10:30am this morning

Heard a bunch of layoffs going on today. Is it true? What’s the management criteria!

Lots of buzz on this or they might end up selling one of the two - Merchant vs Financial - lucrative stock price!!! save the ship from sinking while Franky and his gangsters sip some luxurious wine, watching sunset from his beachfront villa , laugh it out on hard working associates who are about to be RIFd big time !!! What a shame s**ky Franky

MA layoffs incoming

I’ve been looking on this site for the past week and what I have gathered is nobody actually knows anything. Only thing I have seen is a lot of speculation. If you actually know something bring the proof. Also, does anybody think that maybe the acquisition of Frontier and once the acquisition goes through that will be the actual layoffs? Wouldn’t they just layoff the people that worked for Frontier if the jobs are already taken at Verizon? From what I’ve read Verizon will layoff 4,000-5,000+ people from Frontier once the acquisition is completed. I may be wrong but this makes sense.

As I mentioned Value CMO(VP) is gone as of yesterday. All moved to DK or KL. Very odd.

Regarding layoffs specifically in November 2025, Cisco is preparing to eliminate approximately 2,000 to 3,000 jobs by early November as part of a cost-saving effort aimed at achieving $2 billion in annual savings. However, the exact dates for these November layoffs have not been specified beyond the general timing in early November.

Super sad to see what TR is becoming and just corporate in general. I can’t say who or how I know due to confidentiality but I found out some managers goals are to reduce people on their team by implementing AI/automation. It is literally apart of their performance review. I was sad to find this out. My morale is shot.

Do we have enough 60+ people in Oxy that will be enough not to trigger an involuntary layoffs? I don’t know what percentage of people they are looking at reducing if it will come down to letting more people go in the coming months. What’s your take on this?

https://techrights.org/n/2025/11/04/Corporate_Media_That_Fails_to_Report_Cocaine_at_EPO_is_Totally_.shtml

Look at the stock price that all the RTO defenders pointed to. We’re back to the January levels, headed for sub-$20, bet.

Where are these RTO defenders now? Hope all you id--ts sold lmao.

By the way you also won’t be getting a bonus due to the increased operating costs RTO has imposed on the business. RTO is working!!!

EQT people will rejoice while Zayo people will start to jump ship!

This website is now blocked internally. The last time this happened was August 2023. Know what I mean jellybean?

Read a bunch of the recent threads and something doesn't add up because the earnings looks fine? Stock jumped nearly 40% and it isn't even lunch yet.

Spill if you hear any juicy information.
Layoffs, reorganization, realignment.
Maybe JRC is selling us...

Penny announced the annual United Way campaign kickoff on October 30th. Please donate to this campaign. Please consider increasing your donation level. Penny Pennington eliminated American jobs and sent American jobs to India. People you once worked with are now clients of United Way thanks to Penny Pennington. I just hope Penny picks my kids' card off of the Christmas tree to buy for this year. Last year I was able to buy for them. This year someone else will need to buy for them due to my ISP.

We’ve reached out to every news station, letting them know what’s really going on with Chevron. It’s only a matter of time before the truth comes out.
Chevron has spent millions on advertising, painting themselves as the heroes of our community. You’ve seen it: the feel-good commercials, the Facebook and Instagram posts, the Nextdoor updates showing their “volunteer work.” They want everyone to believe they’re here to support Northern Colorado.
But behind the scenes, they’ve quietly pushed out the very people who built this industry. They’ve replaced local, hardworking men and women—many with decades of experience—with workers brought in from out of state or out of the country. Families who once had stable, good-paying jobs are now struggling, while Chevron counts record profits.
Call it capitalism if you want. I call it what it really is—a monopoly and absolute bullsh-t.
Another billion-dollar corporation swoops in, buys out smaller companies, and leaves local workers in the dust. It’s not about community. It’s not about sustainability. It’s about control and profit, and it’s time people start seeing it for what it is.
The truth always comes out. And it’s only a matter of time before Chevron’s shiny PR mask starts to crack.

A lot of group chapter leads, platform leads are up for significant role shake up.

This won't be without impacts to associates at level 4,5,6.

We are looking at complete restructuring of middler tier managers which includes delivery leads, platform leads, chapter leads and group chapter leads.

There's a chatter of no more squad model, lot of squad leads, group squad lead roles are up for a shake up as well

While the consensus is "no impacts to associates", we all know that's a lie.

Some will be communicated the decision middle of November, giving associates 2 months to find new role.

Others would have until end of Q1 2026 to find new role.

I found out I was already near the top of the pay range for my level, and that probably sealed my fate. There are plenty of people making less, so keeping them was the easier call. Just putting that out there for anyone wondering how they decided who to let go.

• Corporate giants Amazon, UPS and Target each announced layoffs in recent weeks totaling more than 60,000 jobs cut this year.
• In the absence of the Bureau of Labor Statistics’ monthly jobs report, the layoff announcements have raised questions about the strength of the labor market and if it’s the start of an AI-driven, white-collar recession.
• While some companies investing in AI are looking to cut costs elsewhere, the layoffs more likely signal concerns about the economy and a slowdown in consumer spending, according to experts.
  https://www.cnbc.com/2025/11/04/white-collar-layoffs-ai-cost-cutting-tariffs.html

Talk about being a naive id--t.

We just lost some of the best people on our team, and it finally hit me that no matter how hard you work or how good you are, the people at the top still see you as replaceable. From now on, I’m done putting work before my family just to feel secure. No more missed birthdays, no more late nights trying to prove something that doesn’t matter in the end. I'm done.

It’s like someone holding you hostage, making you denounce your religion to be spared, and then they still ki-l you. Don’t trust the enemies of what we know is the way forward, working from home. These are the same guys that show up at the office to talk at the proverbial water cooler for 4+ hours a day. It is the ultimate act of deflection when these blowhards are projecting their disdain for “laziness” (a quality they have mastered) on WFH who simply don’t want CHAD blabbing about his Halloween party bleeding over into my fu--ing conference bridge.

Confirmed, have a meeting on the calendar. Off cycle due to holiday next week!

Keep seeing articles about banks and holding companies selling TI stock

The MEG “improved offer” announcement should make a few folks inside CVE uncomfortable. The question investors should be asking isn’t whether the Vawn assets are material to Cenovus, it’s whether the side-deal Strathcona received treats all other MEG shareholders fairly. Because if a private buyer gets a sweetheart deal on sold assets, that’s a transfer of value - plain and simple - and it raises serious questions about compliance with securities-law principles of fair and equal treatment. It’s also striking how the MEG board hides behind its advisors (BMO, RBC) instead of defending its own judgment. “Our advisors told us it was fine” isn’t a fiduciary defense - it’s an abdication of duty. If this ever gets real regulatory attention from the ASC - or even the SEC - the paper trail around valuation assumptions, fairness opinions, and board communications will matter. Until then, rank-and-file CVE employees get to watch leadership pretend the assets were sold at fair value while staff job cuts hang in the balance.

Does Dan realize that the real problem in verizon is the over paid huge management hierarchy.I mean come on the amount of money and red tape spent on Managers is unbelievable.Every manager has a higher paid manager above them that does even less.That worked in the ma bell monopoly of endless cash not now!!!The only real value in verizon anymore is the only people that actually know or do anything.That group is the associates union and nonunion on wireless & wireline side.All jokes aside most managers are really clueless.Some where hired from pizza delivery places because their daddy was a executive somewhere in verizon.How about we get rid of the timesheet signers who only job is to bother associates over meaningless things instead of focusing on the customer.The people who matter need to start being cherished more and listened to more .Time to squash the Management pyramid of Verizon and focus on moving forward

Hearing rumors of a change in corporate domicile from UK to USA. How will this move affect jobs in both countries

Necessary follow-up emails are even being halted. Critical meetings - on hold. I've talked to several friends across the company, various departments and the sentiment is the same - uncertainty and "waiting to hear if we have jobs."

It's not healthy and makes me wonder Dan's long term "culture" strategy that he claims is a priority, when the short term has gone south so quickly.

I genuinely thought the environment couldn't get worse than what H created, but it def has, in a quick way :-/

I don't trust them anymore when they say it's over.