#rumor

Rumor has it that Refining and Commercial ELT members are on their way out.

Lots of meetings taking place in commercial following the Q1 hole we dug for ourselves. Looks like Mandell will be the one to pay for it, with a “retirement.”

Once MFN was forced out it’s been downhill. Personally I think we will get purchased by someone at the end of the year after the “Big Bill” goes in effect.

Pepsi to buy Pizza Hut? Is this true or rumours.

Lots going on without answers
How long left

Having 2 months to dread on this is horrible. Has anyone heard any numbers on how many people they need to remove? Departments getting hit? Anything?
If you're taking the VSP, what company are you trying for?

hearing a rumor that norfolk and mas could see cuts late june or july. any truth to this or just noise?

Just fyi... there were well over 300 comments about prayers for those impacted by the dow layoffs in Midland Michigan on ask midlands FB thread. Looks like the admin mediator was forced to remove all of it. There were several comments suggesting layoff numbers will reach 800-1000 locally within Midland.

Happening this week. Any info on how’s many

Inquiring minds want to know

Anyone heard the investment community is predicting at least 50% RIF in order to restore profitability and stock price…

As much fear and angst that have been posted on tbis board for the past few weeks about the 17th being doomsday and the small number of posts today, this sure seems like a nothingburger with a small number of people impacted.

Bungie reportedly faces significant layoffs this summer. Around 50% of its 800 employees, or 400 staff, are at risk. Sony reported a $765 million impairment loss due to Bungie's underperformance. Destiny 2 support ended, and Marathon's recent efforts failed to improve its standing. Rumors of impending layoffs at the studio circulated last month.

https://www.psu.com/news/bungie-reportedly-set-to-lose-around-400-staff-members-as-a-result-of-summer-layoffs/

Seems at least one person got the axe on March 31

Has anyone heard whether Meridian (a subsidiary of Centene) will be affected by VSP or future layoffs? I'm relatively new and I heard a rumor here in Michigan that we are canned!

Anyone hear anything from there?

My SVP has said next week on Tuesday is expected to be the largest rif action

Can anybody confirm this?

So the end of Q2 is upon us. Has anyone heard rumblings? It’s happened the last 2 years so I’m just curious.

All these posts are full of trash talk. We have all been here before and expressed all of our opinions. I just want to know the rumors/facts people have came across. Do you know what teams are being hit by layoffs?

Any truth to that?

Know of at least 1 person impacted, their manager confirmed it was part of the new quarterly cadence.

I am hearing 7/1 not 6/15 for Layoffs - at least 10% across the majority of the company. Are others hearing the same thing?

Each team seems to be evaluating what to do based on role. I’m tired of waiting and want to plan my life. What rumors are you hearing?

Based on prior layoff rounds, it seems it often occurs on Wednesdays.

With Citi scheduled to report Q2 earnings on July 14, my assumption is that any July layoffs would likely take place on July 15 (or July 8).

Similar to how the June 10 layoffs were being discussed here roughly a month before they happened, has anyone heard any rumors regarding potential July dates?

I’m hearing rumors again… Anyone with real knowledge know if VCG reps will be impacted or just upper management?

The week it's going down apparently. Directors+ targeted again and several other Tech Dev roles will be eliminated completely. Plus an additioanl saving's target that will reduce the remaining head count.

Its official directors were in planning sessions last week. June or mid July member protection will have the largest lay off yet. Good luck to everyone because the job market is not good.

Anyone heard anything? Wondering if we should polish up our resumes.

All the hype about heads rolling today in Boston and Everett - any cuts or was it all talk?

The next set of layoffs are scheduled, July 15th, Sept16th, Nov 18th and Jan. 20th. AI is suppposedly going to replace all of the those roles. The rumor is a 25% headcount reduction globally.

I've heard the rest of the year will be bad when it comes to layoffs. We won't see a slowdown but the opposite. Can someone tell me I'm wrong? Please?

Heard a big announcement was coming next week ? Anyheads up ?

Any planned re-orgs or new gossip? I heard mixed feedback. Lots of concerned employees but also many people are positive and excited. I did hear more concerns on the apps and DB side.

I hear from others in the office that some big announcement is coming in July. Maybe related to Cold Lake?

Rumors has it that is is happening very soon... I would put it be end of the year (perhaps sooner). The question is, who would be the buyer?

Hearing too many flash calls buzzing since this morning across multiple wealth, PI and brokerage teams.

One team confirmed next round of cuts to apply immediately starting next quarter.

Can anyone else confirm?