#rumor

Just a rumor but that’s what the halls are saying and why comp got pushed back. Again don’t hold me to it, just a rumor

What will happen to apla after CS departs? I work there and I'm worried. CC is only interim and rumor has it she's made it very clear she doesn't want a geo leadership role.

Can anyone offer any insight?

I don't get it. Are books going to be cooked?

This ship is sinking. Good Job Execs. Guess the 10% dividend boost didn't matter and your shareholders see the writing on the wall. Bye bye C Levels. Just a matter of a short period of time here. Should be a fun next few months.

Confirmed fot next week. Most cuts. Please do not listen to clueless d-mb trolls who are here to deny 15% is happening. Wait till End of day 19 feb to comment

https://www.thelayoff.com/t/1kh4sq3hj

Can anyone share any insight ? Whats coming
next?
Are they going to wait for the new guy or Alfanso going to make the decisions?

If you have confirmed information, please share it. Otherwise, we're just feeding the anxiety, and we're all stressed enough as it is.

I just heard over the wall of a manager who knows another manager that someone in HR who knows a director who said that 90% will be laid off on Wednesday. All sites. No WARN notices though because they do it in a way that they don't have to.

Uniondale office has been used since early 1990s. Leased space trimmed down year after year to what is only one floor now. “Rumor” says entire location closing 9/1 with notice to be given 6/1. Take the Long Island railroad commute to NYC or resign. Approximately $5000 annual cost. No word if it’s 200 Park Avenue (Grand Central station) or downtown Greenwich office (train ride, subway ride, then a few block walk to the building). For most in the building commute will be 60-90 minutes one way when currently it’s 15-45 minutes. Best estimate is this affects 300 people, all of whom are well aware of the “rumor”. Also “rumored” is the closing of the Franklin Avenue location of wealth management (20-30 people?). Progress tells us to be robotic commuters, sit in small desks in a football field sized environment, everyone wear the obligatory BNY vest or Eliza jacket, whisper so as not to disturb colleagues, watch higher ups use their offices, never get a glimpse of the C suite, arrive early, stay late or be subject to ridicule. Leave home at 6AMish arrive home at 8PMish. Sounds attractive?

It will get ugly…

Anyone else heard the rumor of a VSP in March?

Those losers who didn't listen are hiding in bathroom now... Next wee or so the rest of 12-15%.. Another 5% by EOY. 35% NFTE by EndOfYear.

Some Ds and NY area staff today.

2 plant closings announced in the past few weeks. What plant will be next?

Any info on the South Region (WellMed, Optum Florida) RIF?

Water fountain rumors are that GoGo and Southernland have been meeting with outside legal teams negotiating an acquisition of P66. Anybody have any insight?
Watching the stock trades of the ELT and Board definitely makes one wonder if there might be some validity to the rumors…

Or is it just fear mongering

My manager says she hasn't heard anything definitive about more layoffs. The rumors are flying though. This uncertainty is worse than knowing for sure.

I think the Earth will go off its axis from the spin coming out of SD

Usually - at least the last 6 years - layoffs have been rampant starting end of 4th and in 1st quarter. Haven't heard much about it lately, and not even on here. I'm wondering if it's because Maverick is so far behind schedule and/or they are now under the 100k employee mark?

Anyone hearing we are getting new CEO? Nick from Frontier? He did major restructuring at frontier. So if news so true buckle up guys.

Previous post about RTO is gone. Is anyone hearing anything?

Read on LinkedIn that she joined yet another company. Feel sorry for them. She will destroy that company now.

Update that resume!!!!! Good source has confirmed

The rumor is TCS (Tata Consulting Services) will be the vendor, what is cooking here?
Dan in order to ensure competition exists, please do not limit to one vendor ... TCS has very poor delivery record. Hire cheaper, subpar contractors ...
One vendor approach will ki-l access to talent and competition. There is already alot of biasing, nepotism, favors being extended.

This is something to dig deep into, to find where the problem is ...
Conspiracy? Kickbacks? Why being pushed towards one vendor?

Hearing she is next.

Can’t wait to see that hug. Not!!!

Vivek and Sudharsan already got a boot.

I’m hearing we are getting ready for cuts in time for fy27

Anyone know the details of this decision? That’s a long term relationship coming to an end. Is there more state plans to come?

Heard a SVP was let go and a couple others. More coming??

Heard massive layoff coming in CIT

No point of layoffs if they replace with new people. So they won’t. They are going to try to reduce costs if they laid off people. Some people think that they be safe if they survive layoffs. So they keep asking on this site “are there any layoffs?” and participate in rumors about it. Even though you don’t get a layoff, your workload will increase. Believe me all this types of conversations and any decisions will just make the company sink.

PE will cash out and sell all real estate and rake in as much profit as they can.

I found this response from the post titled "R2 layoff chatter is fake news" from earlier today

"@OP I was in Finance. Until they asked me to move to BR, then offered me the standard year buyout since I decided not to move to the armpit of the world (that information should tell you my level.)

There is another five-figure layoff coming about a month post consolidation. Then ~5k in Q4 again. That was plan A. Plan B was ~5k now, and five-figure in Q4, depending on how well QAM-less TV goes (how many onshore engineers they need to fix things) and how quickly/easily Frontier comes online.

Don't forget the 6k heads from Starry, as well, that'll be coming in April. Which will not be profitable, and will fold like a cr-ppy pair of BlueJeans. Or the brilliant Lowell acquisitions of AOL and Yahoo.

Target HC (the key metric for layoffs) is ~78,500 heads.

I just accepted an offer with a growing company (more money, but have to be in office; can't be perfect, I guess.) Cashed out my (frozen, small) pension and stock together awards to an IRA, with stocks that actually perform.

I enjoyed the semi-continuous axe swinging for my 26y, made good money (but not great, after testing the market), left with a fat check to go make more elsewhere.

Telecom has become a race to the bottom. That'll necessitate less HC, lower salaries, and smaller businesses. You're going to see more reductions, with a far smaller RIF package in the future. I worked through the BCs. It's coming.

Couldn't be happier to be out..."

Rumors flying around Dallas about VTP happening soon in Leg T union contract after ratification.. Voluntary Termination Pay up to 104 weeks pay will be happening.