#savings

for someone who's single, lives modestly and doesn't have any major expenses, what's a realistic amount to have saved before calling it quits at wells fargo? would $1 million do it, or is $3 million closer to what you'd need these days?

Here's the article in 6 bullets:

• More layoffs: Volvo Cars will cut about 2,500 more jobs, roughly 6% of its global workforce, with 2,000 of them in Sweden. This follows 3,000 cuts earlier in the year, and the reductions should be finished by mid-2027.
• Savings goal: The company is aiming for around $500 million in savings as it faces stiff competition, softer demand, tariff headwinds and squeezed profitability.
• Weak results: Volvo's third quarter disappointed, with operating losses growing and cash burn doubling from a year earlier. Its shares dropped about 24% to a record low.
• China pressure: CEO Hakan Samuelsson said Chinese buyers are increasingly choosing domestic brands, so Volvo (owned by China's Geely) plans a more regional strategy with greater local autonomy and China-specific models. He noted that weak US and Chinese performance means about half the business isn't contributing to profit.
• Turnaround measures: Volvo will slim down its central administration, work more closely with Geely on software like infotainment and driver assistance, and launch 13 new models by 2030, including three next year (two built for China). Further cuts haven't been ruled out.
• Industry-wide slump: The restructuring reflects a broader auto downturn, with BMW weighing management cuts and Volkswagen approving another 50,000 job reductions.

https://www.ndtvprofit.com/business/volvo-plans-2-500-more-job-cuts-after-3-000-layoffs-targets-500-million-savings-12230852

$35,000 at 4% earns ~$1,400 a year. In a non-interest checking account: nothing. At the national average savings rate (0.38%), $20,000 earns just $76 a year.

Source: FinanceBuzz, Sep 2026.

anyone else catch that.
she's such a unqualified mess.

When you separate and leave the company how long does it take for Voya to show you are separated to close your savings account and get the money if you are taking the hit on taxes and cashing it out?

McCormick is progressing with its planned combination with Unilever's Foods business. The company has established the future leadership team and operating structure for the merged entity. This deal is projected to yield approximately $600 million in annual cost savings. The transaction is anticipated to be finalized by mid-2027, pending regulatory approvals. Specific impacts on Maryland jobs or local operations have not yet been detailed.

Hunt Valley, MD

https://patch.com/maryland/baltimore/old-bay-maker-advances-merger-plans-targets-600m-annual-savings

Any updates on the rumoured risk layoffs that supposed to be getting announced imminently.

Or was it all just bullsh-t rumors?

Do we think the amount of layoffs over the last few months amount to 400 million savings.

Next earnings call will be interesting 🤔

CEOs

"Reuters obtained a letter in which Jana argues that Fiserv’s current $500 million Project Elevate savings target by 2029 should be raised to about $1.25 billion, and wants management to announce the more aggressive target with third-quarter earnings. Jana is also pushing Fiserv to use Palantir to rationalize technology spending, retire technical debt, and reduce legacy-vendor costs. Fiserv had not responded publicly to Reuters as of the report." https://www.reuters.com/business/activist-jana-pushes-fiserv-accelerate-cost-cuts-tap-palantir-2026-09-28/

So many spend like the job will last forever. I think that more frequent layoffs, PIP, offshoring of jobs to India, etc, have made it clear that's not the case. I know a few folks who are now panicking because their savings are nowhere close to where they need to be in case they lose their jobs. Don't let this happen to you. Start saving and investing. It is liberating to have a pile of fu-k you money. I’ve know people who had their pile of duck you money and when they were given unfair ranking feedback literally said fu-k you and walked out of the office.

Dear DW,
If you want to influence government, then bribe them yourself. Asking employees for donations for politics when you can’t give proper raises is both tone deaf but also just ignorant. Your structural savings are starting to materialize how exposed the company really is… keep going!

reposting this question because the last one got hijacked with absolute nonsense replies.

We're down to three and a half months left in this year. Dan promised Wall St five billion dollars in savings this year. I don't think the 13k people laid off last year even counts toward number. Anybody here smart enough to figure where we are towards the five billion number, and how we will get the rest of the way there by year's end?

We're down to three and a half months left in this year. Dan promised Wall St five billion dollars in savings this year. I don't think the 13k people laid off last year even counts toward number. Anybody here smart enough to figure where we are towards the five billion number, and how we will get the rest of the way there by year's end?

How long does it take to receive your savings fund if you leave the company under your own steam ? Does it also get taxed heavily ?

So many spend like the job will last forever. I think that more frequent layoffs have made it clear that's not the case. I know a few folks who're now panicking because their savings are nowhere close to where they need to be in case they lose their jobs. Don't let that happen to you.

A strong early retirement offer from Verizon can be the foundation for a secure future—almost like building your own retirement “empire.” The key is preparation: know your pension value, health benefits, and savings runway before the offer lands. A good offer combined with early planning can turn a stressful decision into a life-changing opportunity.

I am writing this just wondering if anyone with more experience than me would be willing to share any tips on how much a person needs to have saved in case of layoff or having to leave due to the stress and all that. There's so much info out there.... I've heard 1-3 months of bills, and then I've heard 3-6 months. Everything is so confusing and I don't really have anyone around who really understands what we are going through. Any advice would be helpful. Thank you in advance.

Verizon promised Wall St 5 billion $ in savings this year. An EISP would be a pretty painless way to get a bunch of people off the books now rather than pay them four more years of salaries and benefits, as guaranteed per the contract extension. I guess the company would rather layoff even more people than do this?

I’ve been following the news and doing some financial planning. I’ve been thinking from a net worth perspective instead of just cash flow.

I get that if you’re already a multi-millionaire, instability from a potential layoff doesn’t keep you up at night. I’m curious though, at what net worth did you personally stop fretting much about this kind of risk?

The usual advice is to save up 6 months of expenses in cash, but I’m curious from the asset side.

Is this an OK question to ask here? Just trying to do some planning when the rumors are floating around.

Historic layoffs are beginning as AI will be dramatically installed from now til the end of the year. Increase your emergency funds as much as you can!

People keep obsessing over whether layoffs are coming next week or next month, but that's not the right thing to focus on. You can't control when they happen. What you can control is how prepared you are. Update your resume, network, save some money. Once you've done that, the timeline becomes less important. You'll be ready either way.

Save and cut costs!

Stop paying retail reps for In-Store Pick Up orders!

You are literally paying double commission!

Millions of dollars saved!

So if one applies for VSP and gets declined. Supposedly they can still lay off that same employee later but now without the additional bonus weeks offered in VSP. Isn't that questionable? A possible law suit? I mean if they deny a significant amount of applicants and then lay them off in August, that would be decent savings for them... somehow this entire situation makes me think of " Attica! Attica!" shouted by Al Pacino in the 1975 film Dog Day Afternoon.....Pacino, playing a desperate bank robber cornered by police, uses the chant to reference the 1971 Attica prison riot. He does this to rally the crowd and turn public sympathy against aggressive police tactics. Can't remember how it worked out for Al. ..

Will see reductions in my backyard, planned for August. Full scope within MDT unknown.

Watch for more "savings" coming. . .

https://www.wsj.com/video/how-ibm-saved-45-billion-using-ai/C3EDE5AB-F38B-4281-8A92-0421C8753129

By: WSJ Leadership Institute
49 min. ago

IBM senior vice president of marketing and communications Jonathan Adashek explains the company's "client zero" initiative, which utilized artificial intelligence and automation to cut $4.5 billion in spending over three years. The IBM executive also explains how the technology is freeing up creative teams from menial tasks and generating more targeted sales leads.

Eliminate half of all VP roles. We should be fine without them. We will save millions to meet the cost savings target.

Surgical layoffs coming in August after secret post-op analysis is completed of current AI and offshoring initiative. Not mass cuts but not small either. Please make sure you have 6 months of pay (gross) in a savings or money market account for your emergency fund. You have been 'WARN'ed.

I have been trying to record my family’s expenses and with everything included from mortgage to groceries to kids classes and education savings, car insurance to home insurance, it costs around $8K-9K to run a home which keeps my single salary savings to $500 per month. Do you guys see the same too or more? What are your ways to make sure you save more on a single salary?

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?

Takeda Pharmaceutical plans to eliminate approximately 4,500 jobs globally. These cuts are part of a major "Transformation Program" by March 2027. The restructuring aims to consolidate departments and automate operations. This effort follows the significant revenue decline of its dr-g VYVANSE. Savings will fund new experimental dr-g launches for future growth.

https://finance.yahoo.com/sectors/healthcare/articles/takeda-laying-off-4-500-204550228.html

Survived this round. There will be more rounds.

Assuming that I have about 7 years of experience, late 30s, mid 200K total comp, wife is not working, have a toddler. No debt/mortgage (renting in So Bay). Working in sales.

Is there a rule of thumb for how much should someone like me have to have saved to hedge layoff risk?

I've been running scenarios in my head for days. If I get laid off next week, what do I do. I have some savings, maybe two or three months worth. I could pick up some consulting work, maybe. My partner does work, but their income alone wouldn't cover everything. We could sell my car, move to a cheaper apartment, ask family for help. But none of those are good options. I'm realizing I'm not as prepared as I thought. So I'm asking genuinely, what's everyone else's plan B? Are you ready for this, or are we all just hoping we'll be spared?

Is there any general rule of thumb for how much someone should save to get through a layoff? For example, someone making around $60K with about five years of experience. Asking for a friend.

What happens to any supplemental pension or supplemental 401K savings if you are forced out at 52 and would have been NRE before (I know that is now removed). Would the company really just keep it and say tough luck?

Instead, I just keep my resume fresh and my savings padded. Whenever it happens, I'll be ready. Been feeling much better, to be honest, since I adopted this approach.

Every job has its pros and cons, but here the bad has been steadily outweighing the good for years. I've got some savings, and I'm not exactly optimistic about the job market. But begging to stay and being consumed by fear over losing the job? Not happening, even though leadership would clearly love to see us on our knees.

https://www.salary.com/research/executive-compensation/nike-inc-cl-b-executive-salary

How does MF stay and keep earning? So glad nasty HON is gone. Backfill not necessary. Big savings there.

Why are we paying MW over 30 million a year when he can't make decisions and just hires multimillion dollar consultants like McKinsey to run the company? Maybe fire MW and we'll really save money!

Q: I am 24. I want to retire at 65. I plan to live to 85. How much do I need to save every year if I want to spend $100K every year after retirement?

A:

To retire at 65, live until 85, and spend about $100,000 per year in retirement, you would need to save roughly $6,700 per year starting at age 24. That is about $560 per month. This estimate assumes your investments earn about 7% annually before retirement and about 4% during retirement, with your retirement spending measured in today’s dollars.

The estimate was calculated in two steps. First, I found how much money would be needed at age 65 to fund $100,000 of annual spending for 20 years in retirement, treating retirement withdrawals like a 20-year annuity discounted at a 4% annual return. That gave a required retirement balance of about $1.36 million. Second, I calculated the fixed annual savings needed from age 24 to 65 to grow to that amount, assuming a 7% annual investment return during the saving period.

We used to get DoorDash credits all the time … what happened to that ? Is Rick trying to save money?