#rumor

Hearing credible rumors from multiple sources this week that YL has set a target for functional cost to be cut 50% by 2030 from 2026 levels. Meaning all current reorgs are only a stepping stone cost cutting measure to be followed up in 2028/2029 with another round equally as deep. Please share what you know. promoted this year, feeling a bit vulnerable now.

They'll be laying people off left and right anyway. Sure, some people they might want to keep could leave first. On the other hand, it's not as if they've been working hard on talent retention. The only way it wouldn't make sense is if they've been planning to ramp up attrition. That wouldn't be a shocker, really.

Or are we done?

Hearing rumors the deal is closing in the coming weeks, that T sold AT&T Mexico to Televisa (Izzi telecom division ) , Televisa is like Cablevision in Mexico they have both media and a Telecom arm (Izzi) . Curious if anyone knows any details and specifically how much it sold for considering it cost $4.3B in 2014-15 to acquire Nextel and Lusocel

Next week or the week after? Anyone have credible info? I thought next week was unlikely given all the planned events, but now I'm hearing they might happen anyway.

I’ve talked to multiple people and all of them are hearing that Trew is buying IGS.

There’s a big discussion about May 26 big layoffs in my team. Have anyone heard anything about May 26?

Are rumors about May layoffs true?

Any rumors of upcoming RIF or early retirement plans?

Lots of people speculating that Lead positions will be almost non-existent and Managers will have huge teams. Any substantial information there?

Some rumors/rumblings that there was a "walk out/log out" in protest in parts of Claims today. Any word on what that was about and the extent of?

Multiple members of Belk’s top brass are quietly and quickly planning an exit strategy from the company. Some choosing to stay in the retail industry, while others choosing the leave the industry altogether. Retirement is a viable option for some. Know that business model of belk is antiquated and unsustainable.

When there are posts of people claiming to be let go, their friend was let go, they know of a team that was let go etc, but they can’t answer when people ask WHERE or WHO even though this is anonymous, it leads me to believe these people are lying. They’re just trying to cause excitement and anxiety and stress.

I heard about on-going layoffs in D&AI. I know someone who got laid off.

Is this one off usecase or more is yet to come?

Heard a couple of Execs who’ve been around forever at SL Chemicals were "moved aside", True?

The bird is the word.

Assuming more layoffs tomorrow.

I have heard that 20% of NTWs will be rolled off by 5th May. Is it true? Are they coming back to full timers again after this? When will be the end?

I've seen it mentioned here, and the same rumor has been going around the office.

Any chatter about which teams will be impacted?

There are rumors that there will be major reorg announcements tomorrow (Wednesday) and Thursday for the businesses and some back office positions. Not sure if any layoffs are included in these announcements but stay tuned.

LOL: Nvidia squashes rumor it’s planning to purchase a major PC manufacturer — says that it’s ‘not engaged in discussions to acquire any PC maker’

So, was that an actual thing or folks talking out of their 🍑?

Rumors of May unfolding.

Does anyone know if AML in Tampa will be seeing layoffs this year?

I've heard conflicting information on building closures that may be moving forward.
Does anyone have a list of locations, or information on how they're selecting buildings/campuses that are going to be closed? Does anyone know what that means for employees in those locations?
I've heard some locations, and then also heard that some changes in what locations are affected have taken place.
If anyone knows anything they can share, it would be greatly appreciated.
Rumors of an announcement date of 4/20, but I'm not sure if that's accurate, either.

So we are moving back South of the Red River from the great OKC metroplex Me thinks our Execs or running neck and neck with a pile of rocks for being incompetent bo--s. Spend the money to move me to OKC then spend money to move me back to Spring. What a waste and that money should be paid for from their annual bonuses.

Oh and rumor has it that layoffs in Spring are gonna help pay for relo. Make it make sense. What a d-mb timeline for us.

Wonder why CHK and SWN went bankrupt or pink sheet stock. Look at the numb nuts running it.

Looks like Tara is out unceremoniously. No ‘pursuing other opportunities’ or other corporate speak just ‘bye Felicia’.

Who’s got the inside scoop?

Citi will be next to announce a 5 day RTO model. Almost certain the announcement will happen by July.

Heard a rumor it is higher for some teams versus others this year? e.g. EMTECH?

Any hint at the date for this round?

End of 2nd quarter I’m hearing.

Hearing rumors that the notice period has been reduced from 60 days to 30 days. No official update from Aramco on this however. Can anyone confirm? Has there been an official communication? Does it apply to all expats/Grade codes?

If this reflects a change to contract, doesn't this need to be communicated?

Are random layoffs still ongoing? I’ve noticed a few people randomly disappearing this last week.

I’m seeing an increase in LinkedIn posts of people leaving within the last week or so. Not just a couple here and there, but at least ten. Anyone hearing rumblings of anything?… just a coincidence perhaps?

Does anyone have this information for last year and this year?

In IL only 5 offices will be left. I cannot say which 5.
Customer Service has 3 waves, that will last to end of Q3.
All other states, likely main HQ will remain.
@dz+1knq4n7ym