#layoffs

Thank you for your service :).

Any word on if there’s going to go thru with in in New England? Should be soon, the higher ups are in for a surprise if they do. A lot of good talent will be leaving from what I hear..what a joke, let’s make this like 2005 and put these managers in the spotlight and talk about their cr-p numbers that we can easily look up. I can see director and above but individual managers !? Bye bye verizon for many if this happens

Meta's problems cant be solved by current leadership. Its time for Priscilla Chan to step down as CEO.

Most of us hold meta stock either directly or indirectly. This stock will go the way of cisco, ebay, yahoo if changes are not made and soon!

Nepotism has largely captured large swath of the company. Performance reviews no longer mater in those orgs. pip's are unheard of especially If you share the same ethnicity as your manager - you are often safer than safe. You enjoy large refreshes, fast easy promotions and high performance ratings. In this org, credit often belongs to someone else that cant speak your mother language.

For those not in the protected class. Wondering why they were let go despite exceeded expectations rating. You know why! Do you joke in the same language at lunch with your metamates ? This probably always felt off. You will never be in their tribe. You will never be one of them. Your manager can put you on pip and not think twice. Because you just don't feel like a team player -- because you can't joke with them at lunch.

Innovation is largely dead at meta. the company has been captured by a protected class due to nepotism of low performers that will never ever be pip'd. They are bleeding the company dry both of treasure and IP to give to mother country. Just simply running out the clock waiting for their green card in hopes the latter comes first.

Given the latest layoffs and the constant threat of more cuts, I’ve been thinking a lot about how much cash I have available and how many months of unemployment it would carry me through. I didn't like the number at all. Three months tops. I’m curious where other people stand when it comes to fully liquid savings, not stocks, retirement accounts, mutual funds, or anything you’d have to sell or wait on. Just money you could access immediately if things went sideways. Am I the only one who's utterly unprepared in all of this mess?

Anticipating after these large numbers of people are off books (or before) , there will be a lot of shuffling of teams. Anyone know what happens when a Director or AD ends up without enough direct reports? Maybe there will still be enough employees left to re-allocate, but math-wise seems like there might be a lot of esp AD’s without the minimum number of people.
Wonder if the July target notifications will be like musical chairs for those without enough people left.

Do the math! Redundancy costs and also staff decreases are in the notices. If you average it out it’s a lot more than most people are getting. What gives? Obviously there are a few people who are getting paid out a big fat wad of cash while most of the rest are getting paid peanuts.

Oracle has just scratched the surface with its 10% layoff and showed some positivity with its operational performance in layoff. Its operational performance is still weak.
Its trying to show the investors that it is high tech or growth stock. But it is not. Oracle has history of losses. Just market hype has increased and made it safe for now.
June earnings numbers will show it all

An internal corporate audit is in progress with new CFO and if she is really good there will be heavy cutdown of heads in upcoming qtr. Lots of products will be trashed.
Prepare for your best ... Jump the ship before its too late...

Reportedly, a secret task force has been set up to prepare carveout options to give management more flexibility for asset sales.

Its significant

Whatever happens, don't blame yourselves. This isn't about you. It's about greed and poor leadership.

Seems like there are big layoffs for tech, rx, all of the non-Optum health areas. Does anyone know if health or care will be impacted this week?

Just the new division?

Why did bp increase headcount 18% last year with ongoing strategic layoffs?
Has AI permitted bp to be leaner and meaner? And simpler?
Is bp’s AI a thing? Has bp’s super computer actually resolved making operations safer and more productive?
Are the 15,000 new employees hired last 20 months based in India? Are we removing one western employee and hiring 3 Sub Continent employees ?

I heard from several people Friday that the new division is doing a 30% reduction in force very soon

Makes you wonder if the goal is just to burn the place down. Specialists, veterans, people with actual skills, the ones who held teams together - they're all getting cut. Any leadership that cared about the future would be doing everything to keep them.

Thoughts on this? As H1Bs have to go back and apply? Or will they just outsource more to India and keep them there?

This company isn't it. Gave up on a turnaround long ago. Layoffs are the main event here. I do my job, nothing more. Dedicated exactly to my pay grade. Effort won't be rewarded. Focus instead on your well-being and job hunting. Works wonders against the stress.

With so many associates gone, who exactly are all these managers, senior managers, directors, senior directors, and VPs leading now? The teams that remain are extremely lean. It’s hard to understand why leadership layers continue to stay intact while cuts are happening primarily at the lower levels. At some point, you have to question whether all of these layers were necessary to begin with, especially now.

Does anyone know of a ki-ler lawyer in austin, tx area to take on age targeted LR cases in latest layoffs?

After the massive layoffs, they are still looking for 5% IPs for the year end during the mid year reviews. More layoffs coming year end?

As people are getting laid off or being quiet fired, please don't hate Ron. As Chairman, CEO and President at STATE STREET CORP, Ronald P. O'Hanley made $19,529,070 in total compensation.

The 25% reduction in headcount from the BD acquisition is coming. Wednesday is going to be brutal. Expect across all functions, all segments, but especially ADx. R&D likely to be hit especially hard. Lawyer/HR was onsite in Sparks for a reason - upper leadership has been discussing the reorg all this past week at the Sparks location. Anyone with direct subordinates being let go were informed this past week as well. Waters is not BD - they are breezing through letting people go for cause as well as layoffs. If your leadership team does not like you, expect to be let go sooner rather than later. Happy holiday weekend, everyone!

Couldn't care less about Meta or this job.

Is this true?

Risk management and business enablement first. Next wave is wholesale credit delivery.
OP: @b0+1ks3m4ct1

I heard Optum tech had some cuts.

I never thought it would come to this - me hoping to be selected for layoffs after so many years.

So that Bill Ackman can make 5 billion instead of 3 and so that do nothing fat cats can get their multi million bonuses.

Rearranging the deck chairs on the Titanic.
The failures losing $billions haven’t been fired.
Including Bill.

Just got laid off? No sweat! https://www.thelayoff.com/oracle

Mint Video: Inside Meta's Mega Cut https://www.youtube.com/watch?v=Eozugxg3DtY

Unfortunately, your role has been eliminated as part of today's reorganization.

As a regular employee, you are eligible for the following severance offer:

Severance payment of 16 weeks, plus 2 weeks for every completed year of service, minus your notice period.

We know this is especially difficult for employees whose visa and work authorization are sponsored by Meta. The alumni portal has general immigration guidance to help address immediate questions.

Your badge has been deactivated, and your access to internal Meta systems will be removed this morning. If you are already in the office, please gather any personal items at your desk and head home.

We are grateful for your contributions. Your impact at Meta has been an important part of our story.

Sincerely,
Meta leadership

• These are the key excerpts from an email that thousands of Meta employees received. The email, obtained by Business Insider, landed in inboxes at 4:00 a.m. on Wednesday as Meta began cutting nearly 8,000 jobs, roughly 10% of its workforce.

Meta described the layoffs as part of its continued effort to run the company more efficiently and said the cuts would help offset major investments, especially its AI push.

The cuts come as Meta sharply increases spending on artificial intelligence infrastructure. The company has forecast capital expenditure between $125 billion and $145 billion this year, more than double its 2025 spending.

For employees on visas, such as H-1B workers, the uncertainty is especially severe. They may have only 60 days to find a new sponsor or leave the country, even as the tech job market remains difficult.

https://www.foxnews.com/tech/ai-layoffs-may-backfiring-companies
anyhow the article says AI related RIFs may not be payng off...

Gartner found many companies cutting workers while adopting AI are not seeing stronger ROI (ok, as expected) and the better results come from using AI to help employees work faster and smarter.

The main point is that layoffs can free up budget but cos still need skilled people... clean data, and human judgment to make AI useful...

Hearing from a few people that another round may hit by EOM ( May) or sometime in June... word going arund is bottom 10% and retirements could be part of it. Sounds like calibration season all over again.

Business transformation was supposedly the big reset, but now people are saying more org changes and headcount reductions are still coming.

Anyone else hearing this in IT, Finance, Commercial, HR, or the plants?

Feels like management already knows more than they are saying. Same pattern as last time. Silence for months, then sudden announcements.

People are posting the same question all over the public channels: How is having Teams in addition to these other products saving us any money?

The answer is that it's not. First of all, Teams will replace pretty much everything eventually, but the reason Dan wants it in right this second is so they can effectively install spyware on every employee's computer.

Teams has insanely detailed tracking on keyboard/mouse usage, activity, time spent on computer, etc., and more importantly it rolls all that information up to people managers in nice, easy to consume dashboards.

Yes all of these things already exist in some form or fashion. But the information is fragmented, and managers don't currently have access to all of it. With Teams you get one centralized spyware platform that managers can easily access and consume.

I believe that the ultimate plan is to start culling remote employees by terminating for cause based on activity metrics to reduce headcount. Many other companies in the industry use teams to micro-manage and track remote employees, and many people are posting on forums like reddit about being terminated or written up for "7% decrease in activity levels".

USAA is trying to align itself with how the industry is controlling and targeting remote employees, and if I were one of them I would make sure I had a backup plan.

Bloodbath after Memorial days weekend.

Layoffs/Stack rank fire every 6 months.

Good luck everyone.

New focus on expanded documentation they say. Do they think we are id--ts? Just ask us to directly train the AI that is meant to replace us, why don'tcha?

They have brought in three bigwigs from Microsoft and Google - come on. We know what they are here for, and it is disgusting.

I hope folks see what's coming and prepare.