#layoffs

Never ending

Most PepsiCo employees will skim past the recent board appointment Joaquin Duarte. This appointment is part of Elliot Managements activist investment influence. PepsiCo is being reshaped and transformed with Pepsi/Frito merged distribution. 3rd party logistics are the future of their supply chain. Shareholder value will reach peak meaning soon. Job cuts will continue and likely be rolling job eliminations as duplicate roles will be targeted first. Macro economics are not favorable, but employees are dispensable in the short term. Anything is on the table to save share price. Don’t get comfortable and have your resume updated.

There's been a lot of anger and frustration directed at leadership lately, and given everything that's changing, that's completely understandable. But I wanted to step back from the noise for a moment and look at where we actually stand, soberly and with the numbers in front of us.

Let's start with the basics: we're a company that makes a lot of money. In 2025, we generated $124 billion in revenue, $36 billion in EBITDA, and $20 billion in net income. Our balance sheet carries about $90 billion in net debt — a large number in isolation, but very manageable set against our revenue and profitability.

So why is our stock falling, and why does it feel like every quarter brings another round of cost cuts?

The answer isn't in where we are today. It's in where the business is headed. I'll set NBCUniversal aside for this and focus on our Connectivity business, since that's the bulk of our revenue. Let's go through it line by line.

Broadband brought in $26 billion last year — 20% of our total revenue. It's declining, and faster than most of us expected. We lost 650,000 of our 29 million subscribers, and to slow that decline, we've had to lower prices across the board: average price per customer fell 3.8% last quarter alone. To put that in perspective, a 3.8% price drop on $26 billion is roughly $1 billion in lost revenue — and lost profit — from pricing alone. Add the subscriber losses, and that's another half a billion. The uncomfortable truth is that the driver here isn't primarily service quality, even though that plays a role — it's competition. We used to compete against DSL as our main rival. Today we're being overbuilt almost everywhere, by fiber, by fixed wireless, and soon by satellite too. If that trend continues, and there's every reason to think it will, we're looking at millions more subscribers lost in the years ahead.

Cable TV is still a cash cow, also generating around $26 billion in revenue in 2025. But our subscriber base has fallen from 25 million to 10 million over the past decade-plus. This is structural, not cyclical, decline. The only reason revenue has held up this well is a combination of steady price increases and our success at retaining higher-value customers. But make no mistake: the decline here is terminal. This business will eventually disappear — what we're managing is the pace of that decline, not whether it happens. Our advertising revenue, another $4 billion, moves down right alongside it.

Landline voice is something many of us already think of as "dead," but it's still about $3 billion in revenue, and it's shrinking roughly 20% a year.

Comcast Business brings in $10 billion. The problem here is that our SMB segment faces the exact same competitive pressure as residential, and we're losing customers at an accelerating pace as fiber and fixed wireless take share. Enterprise can still grow, but at meaningfully lower margins — it's a far more labor-intensive business, and enterprise customers expect deeper discounts.

Wireless brings in about $5 billion — $1.3 billion in equipment, $3.6 billion in service. Once you account for phone subsidies to win new customers, churn, operating costs, and the fees we pay our MVNO partner, this is a thin-margin business. It can absolutely keep growing, but how much profit it can actually generate is a real question — and the growth ceiling is capped by our broadband base. As broadband shrinks, so does the ceiling for wireless.

Putting it all together, here's how I'd forecast each piece going forward:

Broadband: $26B, declining ~5% a year
TV: $26B, declining ~10% a year
Advertising: $4B, declining ~10% a year
Landline Voice: $3B, declining ~20% a year
Comcast Business: $10B, flat at best
Wireless: $5B, growing ~15% a year

(There's also roughly $5 billion in international connectivity — that's Sky, and it moves over to NBCUniversal as part of the separation.)

Here's the part that makes this especially painful: our margin structure. When we lose a broadband subscriber, our costs barely move — nearly all of our cost base is fixed. The contribution margin on the last customer we add, or lose, is over 90%. That means when a customer leaves, profit falls almost as much as revenue does.

So here's where that leaves us: a business that's declining quickly, with margins shrinking just as fast. Cutting overhead and discretionary spend is the lever we have in the near term to protect the business — but let's be clear-eyed about it: that lever doesn't fix the underlying problem. It just buys us time.

These are Microsoft-controlled messages, and accompanying disclosures, that speak of ~300 people

http://techrights.org/n/2026/09/22/There_Are_Thousands_More_Microsoft_Layoffs_Including_Silent_Lay.shtml

More layoffs. Less cybersecurity. Less IT. More AI.

Following a settlement with state attorneys general, insiders at Paramount and Warner Bros. Discovery are anticipating significant layoffs. The merger has received approval, leading to widespread shock and a sense of impending workforce reductions. While some executives have received assurances about their positions, the overall mood is one of anxiety regarding job security. The speed of the merger's closing has intensified concerns about the timing of these cuts. Many expect multiple rounds of layoffs to occur before the end of the year.

Los Angeles, California

https://variety.com/2026/tv/news/paramount-warner-bros-insiders-settlement-shock-layoffs-1236872225/

Disney is reportedly implementing another round of layoffs this week, impacting HR, product, and tech departments. These cuts follow similar actions taken in April, July, and August, bringing the total number of workforce reductions to four within the current fiscal year. The company's fiscal year concludes at the end of September, a common time for such adjustments to be reflected in financial reporting. While Disney has not officially confirmed these layoffs, sources suggest the moves are part of a broader streamlining strategy. Notably, these reductions do not affect the company's parks and experiences division.

Burbank, California

https://www.disneyfanatic.com/three-disney-divisions-reportedly-named-in-new-round-of-layoffs-el1/

Estrella Del Paso has ceased operations of its legal aid program specifically designed for unaccompanied children. This decision has resulted in the termination of thirteen employees in El Paso. The organization cited financial difficulties as the primary reason for this closure. The program provided crucial legal assistance to vulnerable young individuals. Its closure leaves a significant gap in services for this population.

El Paso, Texas

https://kfoxtv.com/news/local/gallery/estrella-del-paso-closes-legal-aid-program-for-unaccompanied-kids-13-layoffs-in-el-paso?photo=1

Pharmaceutical giant Bristol Myers Squibb is implementing another round of layoffs, impacting 265 employees at its Princeton headquarters. This marks the third wave of job cuts disclosed by the company in New Jersey this year. The reductions are part of a broader cost-saving initiative aiming to cut $2 billion by the end of 2027. These latest layoffs are scheduled to commence in December 2026 and continue into May 2027. The company has now seen over 1,700 positions eliminated in New Jersey since January 2025.

Princeton, New Jersey

https://www.nj.com/business/2026/09/pharmaceutical-giant-to-lay-off-265-nj-workers-in-3rd-wave-of-job-cuts-this-year.html

Independent game studio Heart Machine has laid off nearly its entire staff following the withdrawal of publisher funding for an unannounced project. Founder Alx Preston expressed uncertainty about the studio's future survival. This marks the third round of layoffs for the company since late 2025. The situation highlights the precarious nature of publisher-dependent development in the current industry climate. This event contributes to a significant year for job losses in the gaming sector.

Seattle, Washington

https://shattered.io/heart-machine-hyper-light-drifter-layoffs-2026/

Oracle Corporation is currently under investor observation due to recent workforce reductions within its cloud infrastructure division. These layoffs affected a significant portion of the Americas Cloud Infrastructure unit. Simultaneously, the company is dealing with financial pressures related to its ambitious Project Jupiter data center, with a substantial amount of associated debt reportedly in a stressed financial state. Despite these challenges, Oracle has announced a new pharmacovigilance partnership with Wipro Ltd. to enhance dr-g safety services. This collaboration aims to leverage Oracle's Life Sciences Argus platform within Wipro's AI-powered solutions.

Redwood City, California

https://www.benzinga.com/markets/tech/26/09/61929494/oracle-investors-weigh-fresh-wipro-deal-against-layoffs-project-jupiter-debt-stress

A leaked document reveals details of Oracle's recent layoffs within its cloud infrastructure division. Software developers, managers, and data center maintenance staff were among the most impacted roles. This round of cuts represents approximately 7.6% of the America Cloud Infrastructure organization's workforce. The company is undergoing these reductions as it invests heavily in AI infrastructure. The document provides insight into the types of positions being eliminated in this second major layoff event this year.

Austin, Texas

https://www.businessinsider.com/oracle-cloud-layoffs-america-roles-hit-hardest-leaked-doc-2026-9

Was BH's org impacted today? There seems to be a shift in that area under AW.

Layoffs are coming again for Aberdeen, confirmed by management this morning. Don't have enough people to catch the jobs already scheduled but management seems to believe we can work with less.

https://www.businessinsider.com/oracle-cloud-layoffs-america-roles-hit-hardest-leaked-doc-2026-9

There was a time when Harris (Palm Bay) had a fantastic program for the end of year holidays. They did decorations, and handed out toys to every child.

Well, those days are long over, and L3Harris will now be handing out pink slips and coal for the end of year holidays.

You have about three months to prepare. I suggest you get ready.

I last heard that it was being sold.

I couldn’t even imagine waking up each day and going to work at this pile of sh-t company that’s done nothing but go down in price over the last 5 years. I get a pay check but for the people who get RSU’s or stock comp this would be an epic fail. The BOD’s of this company should probably be in prison.

I guess 100 million to mckinsey wasn't enough

No M&A possible until after 2027 but why should that stop the cutting to hire this position

Remember what employees were told when this started?

“When our membership shifts, we need to shift our organization accordingly.”

That was the story.

Membership changed. The healthcare environment changed. Centene had to respond. The VSP was presented as part of adapting to those realities and positioning the company for the future.

For the people actually living through it, that meant deciding whether to take a separation package, watching friends and coworkers disappear, wondering whether layoffs were next, and being told over and over about transformation, simplification, and the mission.

It sounded like Centene was reacting to circumstances.

Now listen to the story Sarah London told investors. Centene chose not to “hunker down. Instead, leadership decided to “redesign and transform the company.”

They are asking:

“What are the capabilities that we need and what talent do we need?” And the destination?An “industry-leading cost structure.”

That's not quite the same effin’ story, is it?

One story sounds like: Membership changed, so unfortunately the organization has to change with it.

The other sounds like: We are deliberately redesigning the company, deciding which capabilities and people we need, exiting business that doesn't produce sufficient returns, and engineering a lower cost structure.

And here's what really pi---s me off. While employees were living through all of this uncertainty, Centene's financial condition was improving.

Q2 net earnings: $1.09 BILLION.
Operating cash flow: $3.59 BILLION.
Adjusted EPS guidance: raised to more than $4.80.

Marketplace strategy: margin over membership. Businesses that can't produce sustainable economics? Leave them.

People and capabilities that don't fit the redesigned company? Well, now we know the question leadership says it has been asking.

What happened to our membership?
What talent do we need?
How do we get through this difficult period together?
What capabilities do we need?
How do we protect the people carrying out the mission?
How do we achieve an “industry-leading cost structure”?

And THAT is the part every Centene employee who survived should understand. This wasn't necessarily a storm you survived. It was a company being redesigned around you.

And if reducing the cost structure is part of the strategy, better financial results don't necessarily mean the danger has passed. They may mean the strategy is working.

So when another town hall rolls around and you're told about the mission, transformation, simplification, resilience, or whatever this week's vocabulary is, remember the vocabulary leadership uses when the audience changes.

Employees got the story about circumstances. Investors got the story about strategy. Employees heard why change was necessary. Wall Street heard what Centene was building.

Same CEO.
Same company.
Same transformation.
Very different effin story.

And the people left behind now get to carry that mission with fewer coworkers, less institutional knowledge, more work, and absolutely no reason to believe leadership has finished asking:

“What talent do we need?”

NoCenteam free advice: You’re being fed false truths. Run as fast as you can. There’s life after these charlatans.

David Ellison cut about 20% of Paramount employees when he bought it. How deep will he cut us now that the deal is going through?

The only ones at risk well you know who you are the inclusive group excludes you.
Nothing to see here folks just a shell of reality at tjx. Mental illness encouraged.

Anyone know if there will be more cuts this year for OI marketing?

The San Luis Obispo Tribune has announced it will not be making candidate endorsements for the upcoming election. This decision stems directly from recent significant layoffs within the newspaper's staff. Five journalists, including the opinion editor, were let go as part of broader cuts at McClatchy. The opinion editor confirmed the paper lacks the necessary time and staff to conduct interviews and write endorsements. These layoffs are a consequence of a restructuring plan driven by declining revenue.

San Luis Obispo, California

https://calcoastnews.com/2026/09/san-luis-obispo-tribune-cancels-endorsements/

A public art installation in Capitol Park will visually represent the significant decline in California's entertainment sector. The exhibit features an empty film set with 119 items, each symbolizing 1,000 entertainment jobs lost since 2022. Additionally, 29 silhouettes will mark a 29% reduction in film production during that same year. This installation is part of a broader effort to urge the Attorney General to protect entertainment jobs. The artists hope to draw attention to potential layoffs stemming from the Paramount-Warner Bros. Discovery merger.

Sacramento, California

https://fox40.com/news/local-news/sacramento/sacramento-artists-to-install-empty-film-set-urging-attorney-general-to-protect-entertainment-jobs/amp/

A major technology firm has announced significant job cuts affecting a substantial portion of its employees. This decision comes as the company navigates a challenging economic climate and seeks to streamline operations. The layoffs are part of a broader restructuring effort aimed at improving efficiency and profitability. Employees impacted by this move will receive support packages. The company is committed to managing this transition with care for its departing staff.

San Francisco, California

https://www.ababnews.com/news/278bba84-473a-4465-998b-c780357ff905

The gambling network VSiN is experiencing significant staff reductions, with multiple on-air personalities and programming staff departing. These layoffs follow a recent buyback of the company by Musburger Media. Rumors suggest a potential change in ownership is imminent, with speculation pointing to Circa Owner Derek Stevens. The exact identity of the new owner remains undisclosed, but leadership changes are anticipated. These developments indicate a period of transition for the sports betting network.

Oakland Park, Florida

https://www.gambling911.com/more-layoffs-anticipated-at-vsin-as-rumors-swirl-over-possible-new-ownership

They have laid off so many people not one person wants to go the extra mile. Everyone is deflated, everyone says not my department. This company is honestly so fkd up. Why isn’t management stepping up? Protect the base ….. how about treat our customers with respect. Not one update from James Mc a total waste of space. Renewals are falling off a cliff and I’m being punished for it. Sort it out !

Tulsa Public Schools is exploring several options to address a significant financial deficit. These potential changes, which could take effect as early as the 2027-28 school year, include closing small schools, increasing class sizes, and reducing access to services. The district is also considering a salary freeze for employees and cutting transportation services. Administrators are seeking community input through information sessions and a survey before presenting final recommendations to the board in October.

Tulsa, Oklahoma

https://tulsaflyer.org/2026/09/18/schools-families/post/tulsa-public-schools-proposed-12m-cuts/

He is no good. He likes smoke and mirrors. He will try to sell bits and pieces to make his numbers and look good. He has no idea what he is doing. PNC - Fiserv both are so happy he is gone.

If Fidelity can’t afford raises for “associates” (only a dum--ss would think that’s a good name for employees), than they shouldn’t be able to increase the profit they make from us. No raises based on inflation, but we also can’t keep the lights on if we don’t charge you more.

Better you leave if you thunk things are not great there.
They wil cut people adn adjust their pay for others pay hike and RSUs.

Truist Financial is divesting its near-prime auto loan business. This action will lead to the closure of a facility in the East Valley. Approximately 120 jobs in Tempe will be eliminated as a result. The bank holding company is selling off this specific segment of its operations. This move impacts local employment and a specific financial service.

Tempe, Arizona

https://www.bizjournals.com/phoenix/news/2026/09/21/truist-subprime-loan-unit-closure-tempe-layoffs.html

Job losses in Northern Virginia increased by nearly 50% this summer compared to the previous year. This rise was largely due to layoffs at General Dynamics and Bechtel Power Corporation. Bechtel Power Corporation alone cut 200 jobs at its Reston location. Overall, 451 job losses were announced between June and September. The state also experienced a nearly 50% increase in job losses.

Alexandria, VA

https://patch.com/virginia/oldtownalexandria/layoff-announcements-nearly-50-northern-virginia-450-lose-jobs

A crowdfunding campaign has been launched to support journalists who recently lost their positions. The GoFundMe aims to provide financial assistance to those affected by layoffs at the Idaho Statesman. Many of these journalists were reportedly earning below a living wage. The fundraiser seeks to help them manage while they search for new employment opportunities. Donations are being directed to the impacted individuals.

Boise, Idaho

https://www.kivitv.com/news/gofundme-raises-thousands-for-idaho-statesman-journalists-after-layoffs

Amy's Kitchen is implementing a significant restructuring that will impact its Pocatello facility. The company is relocating its canning operations from Idaho to Medford, Oregon. This move will result in the layoff of 49 employees at the Pocatello plant. Despite these layoffs, the company plans to expand the Pocatello facility to focus on frozen entrees. This reorganization aims to optimize production by allowing each facility to specialize in specific product categories.

Pocatello, Idaho

https://localnews8.com/news/pocatello/2026/09/21/amys-kitchen-pocatello-facility-faces-layoffs-amid-production-reshuffle/

Comprehensive Life Resources will close its Pearl Youth Residence facility, impacting 92 employees. The closure is attributed to significant operational losses and a desire to refocus on serving the local community. The nonprofit aims to transition current inpatients and explore new community-based care options. This decision follows years of financial strain and challenges in achieving optimal youth outcomes. The agency plans to expand services beyond urban areas in Pierce County.

Tacoma, Washington

https://www.thenewstribune.com/news/local/article317324876.html

People at executive level should be targeted due to poor performance and outages.

As a member of the dwindling on-shore technical staff, the most recent events have caused us so many headaches at the Global Operation Centre.

I have very little confidence in our off-shore tech staff and constantly have to bail them out of trouble. While most of them probably mean well, those staff lack real training, are paid a fraction (apparently around 10%) of what we are paid in Australia and most don't seem to have any pride or purpose in the work that they do. Many of them have told me privately that they would prefer to migrate to Australia so they can earn a better salary.

Instead of sending jobs overseas, the company should be employing more local school leavers.

I am hoping to be made redundant soon. I have maxed out my redundancy payout.