#transformation

The silence in Honeywell is concerning. The more I think about what is coming next and seeing how much staff cuts are happening, a shrinkage is inevitable. There are only two paths that seem possible:

1. HON LT and BoD already have some transformational M&A of some type of a mega merger or mega acquisition in the works to shape the new narrative, or
2. Focus on the Aero split just like GE did and then handover Honeywell to a new CEO to drive the next phase of transformation to a different company.

What do these mean for staff? What else could happen next?

I guess this turns out to be true !!!! Field service is gonna be all Mastec

https://markets.ft.com/data/announce/detail?dockey=600-202511260330PR_NEWS_EURO_ND__EN33185-1

Really?

Surprised to see Gina’s internal email in the press already! 😀.

Will be interesting to see how the board addresses this in the all hands next week and their comments on share price + continued transformation.

I’m not sure if Accenture is really transforming or modernizing the application? Are they just doing BAU. Another question is TIAA planning to outsource their data division?

Rumors from earlier this year… Is bnsf doing directional traffic on the coal loop? Did they run through Edgemont yet? Did they do anything with the Orin???

Every bit of industry has been changing this year. People are getting laid off or displaced to other locations. (Example… Union Pacific is wanting to make North Platte an away terminal).

All the middle managers ads avps vps and svps are intact, they said they want to transform, laying off ppl from lower band will not transform verizon ppl who bleeded the money hiring contractors and asked the Vz lower band to manage contractors and they get away with this it’s a shame

Is this the man who'll axe 15,000 jobs at Verizon?

Alfonso Villanueva joins Verizon as Executive Vice President, Chief Transformation Officer in two days.

Nov 18, 2025, 8:28 AM

Verizon adds a new boss to its team as the company is about to undergo serious changes and thousands are about to be laid off.

His name is Alfonso Villanueva and starting November 20, he'll join Verizon as Executive Vice President, Chief Transformation Officer.

What's his role?

A Chief Transformation Officer leads a company's major change initiatives, guiding shifts in strategy, operations, technology and culture to improve performance. This role focuses on aligning teams, processes and long-term plans to ensure the organization can adapt and grow.

Recently, we told you about Verizon's plans to axe 15,000 jobs and close 200 stores, and the process could start as soon as this week. The Big Red carrier also has a new CEO – Daniel Schulman – who has recognized that the carrier can no longer depend on continual price increases to drive revenue. Verizon has lost customers in recent times, and the company is now moving to greener pastures. The goal is to reduce expenses by shifting its focus.

Personally, Villanueva brings more than twenty years of global leadership experience in strategy, corporate development, transformation, data science and innovation within major technology and financial organizations. His background includes senior roles at PayPal, where he oversaw strategy, corporate development, data science, analytics expansion, venture investments and numerous key initiatives.

Earlier in his career, Villanueva was a Senior Partner at McKinsey & Company, where he led the firm's Telecom, Media and Technology practice across the Asia-Pacific region, so he is definitely suited for his new position at Verizon. He also served as Chief Innovation Officer at SingTel, contributing to the launch of its digital division and venture fund.

It's time to sharpen things

Verizon says it is reorganizing several major teams under Alfonso Villanueva to sharpen its digital infrastructure and improve how the company operates. The new Transformation Organization will take on long-term projects tied to strategy, technology and day-to-day efficiency, with teams responsible for strategy, data and AI, and supply chain now reporting directly to him.

This is only natural, as anyone would want its company to streamline decisions, cut complexity and focus resources on areas that can improve customer experience and support future growth.

No more price hikes?

This is the main question: will your Verizon bill stay the same after all this changes? I sincerely hope so.

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Verizon should take this moment as a real chance to break the cycle of relying on constant price hikes to boost revenue. With Villanueva leading the Transformation Organization, the company has the tools to focus on efficiency, better service, and smarter investments instead of passing costs onto customers.

As interfaces move to AI platforms, I was trying to figure out which market data providers have the most proprietary value. I think this may be part of the challenge they are facing.

MSCI = Benchmark/risk models
LSEG = Exchange, RT
S&P = Ratings, Benchmark
Moodys = ratings
Morningtar = stars
BBG = FI content
FactSet = cusip

Besides cusip, is there a proprietary data/analytics set that Factset provides in this new world.

Don't ask "how do they expect [any function] to continue?". They don't. Verizon will look completely different very quickly and your job, if you still have one, is going to change. Whether it's a sale, merger, or complete dismantling, the old phone company is no more.

IBM has become such a dysfunctional relic that the most merciful thing left is for the company to sell itself to someone who actually knows how to run a tech business. Years of clueless leadership, bloated acquisitions, pointless reorgs, and nonstop layoffs have turned the place into a slow-motion train wreck where innovation goes to die and the employees who keep the lights on get punished for it. IBM isn’t “transforming” — it’s circling the drain. A sale might be the only shot this dinosaur has at survival.

15,000 jobs gone. A ‘streamlined’ future promised. Yet executive pay stays sky‑high and friends get hired into new divisions. If we truly want transformation, let’s stop cutting the backbone of the company and start listening to the people who actually make it work.

Seriously? Hiring his friends, paying them a LOT of $$$$ while thousands will lose their jobs.

“Transformation” = mass employee layoffs

Rawool Fernandass announced with great enthusiasm “My leadership is uniquely leaning itself toward strategic penetration as we fully embrace a deep engagement with our organization’s Assponential operating framework".

A few weeks ago thee question of layoffs was posed. The response was VH promised no Layoffs and we are lean and mean…

The street and influential groups think Oxy is stale and requires a rebrand both within its teams and its assets. A definition of what Oxy is and where it’s going.

We have since learned about VSPs, HR looking at Reservoir and Subsurface for poor performance, offshore competitors actively looking at non core offshore assets.

For those 6hat doubted about Layoffs and massive transformation what’s your new opinions?

https://investors.solventum.com/news-events/press-releases/detail/135/solventum-reports-third-quarter-2025-financial-results

Reeks of Inge's $500M/year claimed savings which never manifested. SAP started circulation at 3M in something like 2010, with the fever dream reaching maximum levels in perhaps 2014-2018. They had mandatory "Here, you matter" meetings and plastered the walls of the Quad with SAP propaganda (graphics of people holding a red ball and "You play a part" or whatever nonsense).

https://www.annualreports.com/HostedData/AnnualReportArchive/3/NYSE_MMM_2016.pdf

My gut is that Transform for the Future is attempting to juice the stock based on returns that will never manifest. I wouldn't be surprised if it is a rebrand of 3M's SAP promises, as the whole "Transform for the Future" verbiage is so vague. What are they spending $500M on, and where will the $500M/year come from? Could they really mean "We're going to spend $500M to complete 3M's partial SAP roll-out" and re-promising the same savings as 3M did in 2015?

I noted that "innovation" is put last, while redundant terms (cost structure and operational efficiency) are up front. Only savings are cited, not increased sales or new products (who are our "customers," again?). Doesn't inspire confidence that we'll be, you know, actually improving patients' lives. Feels like monkeying with financial levers to "create value" (C-suite money bags) where there is none.

Curious what others think.

It was just leaked that to handle the influx of people to Strathcona post Transformation they will begin charging for parking at site.

Someone had leaked this year ahead of the Sept 30 transformation announcements.

Their info was good haha.

EMPS and Upstream to merge

New Verizon CEO flags reasons why customers are leaving Amid its customer struggles, on Oct. 6, Verizon named Dan Schulman as the new CEO of the company, replacing Hans Vestberg. During an earnings call on Oct. 29, Schulman said that Verizon is "clearly falling short" of its potential. "We are not delivering the shareholder returns our investors expect," said Schulman. "Despite investing significantly in network leadership, we have not been able to translate that into winning in the market." He also said that there are four reasons why Verizon is losing customers: price increases, friction in the customer experience, negative value perception and intense competition in the telecom industry. Related: Verizon angers customers with new tactic to boost loyalty Schulman emphasized that Verizon needs to "aggressively transform" its culture and financial profile by being more "customer-centric and executing with financial discipline with a focus on shareholder value." He also admitted that recent price hikes were a bad idea.

Read more at: https://www.miamiherald.com/news/business/article312737229.html#storylink=cpy

During Dan’s speech he told us that it was his 22nd day as CEO. He then stated that by his 44th day as CEO most of his transformative plan would be revealed and much of it would already be set in motion. This is the start of the 1st week of Dan’s 3 week transformation kickoff. Hang on for one heck of a ride! Hope I see you on the other side!

There was a lot of noise and fanfare about this but there still seem to be thousands of managers in Finance and a lot of spreadsheets…has anything really changed?

After careful consideration, we made the difficult decision to eliminate a small number of positions as we realign functions and enhance operational effectiveness as part of our ongoing transformation. We are working directly with affected individuals to ensure they have support during this transition.

https://www.actionnews5.com/2025/10/30/fedex-confirms-small-number-layoffs/

GK isn’t messing around. J. Walker is out of Elavon and the CAO for PMI is leaving. Who’s next and what’s next for the hot mess that is all of payments inside of USB? Keep on transforming the bank GK 🤭

To all those hoping for a role post "Transformation" its now been communicated that you might get a pay cut to go along with your new role.

my friend in CCB says they are moving to DevOps model.. anyone heard of it ? How about CIB or AWM ?

Is anyone hearing insights on “flattening” the redundant CTB CTV and GSP roles in particular WH (western hemisphere). Seems like other areas are flattening and going back to pre-merch like transformations. Others have said that Bills pyramid will not be touched but that doesn’t seem plausible

Current ELT will be ousted in 1-2 years. John hess will bring new elt. Another transformation will take place in 2027-2028

I’ve noticed how 3M is moving more into high-tech areas like advanced materials, semiconductors, and healthcare innovation. It makes me wonder if some of our older divisions are starting to lose relevance.

From my point of view, a few areas that might be showing their age include:

1.  Office Supplies (Post-it, Scotch)
2.  Automotive Aftermarket
3.  Personal Safety Equipment
4.  Home Improvement / DIY
5.  Traditional Industrial Abrasives

These are still strong brands, but growth feels limited compared to newer opportunities. Maybe it’s time to streamline and invest more in technology-driven sectors.

What do others think — are we holding onto too many legacy businesses, or do these still have a strong place in 3M?

The additions to the C-suite are part of Philadelphia-based Five Below's self-described "reset."

https://www.bizjournals.com/philadelphia/news/2025/10/01/five-below-executive-changes-recovery.html

I found out last week that the leasing contracts have all been sold off to various companies around the world. Europe was recently sold in the last months and North America was sold a while ago to a company called Peak. All the employees are gone from that group and Xerox doesn't have any equity anymore. We don't own anything anymore, we don't pay our bills even close to on time, if even at all (from what I have heard) and the employees are all disgruntled. On top of all of that, this company has a ton of C level execs for some reason and more high end managers than people that actually do work.
Great job Steve B! What leadership he's displayed running this company into the ground. Thank God the debt machine of Lexmark is here to save us! LOL I so look forward to Kim Kleps BS emails and the fireside chats of nonsense. Steve B getting an award weeks ago is the cherry on top of this sh*tpile.

October 2023 : “ By 2026, Xerox projects a rise in operating income by at least $300 million (€285 million), reverting to double-digit adjusted operating income margins”.

October 2025 and the stock price if a quarter of what it was at the announcement time above, already having dropped by half over the prior 5 year average.

SteveB will say it is on track, he will say the Lexmark acquisition is key to the future growth, but this was not in his plan two years ago.

Does the. Lard really believe the continuing change of rhetoric from the CEO. The SLT all nod with appeasement, no one dare disagree, but all happy to take their pound of flesh and stock options ( although each time a worth less and less ).

No merit increase, frozen 401k.

What belies the future - will we get anything from the upcoming Q3 release ?

Great news folks, we are getting transformed!!

Some rumors I’ve been hearing is that the transformation team has been meeting since Q2 to restructure everything; meaning that they are going to announce layoffs in Q4. When? Have not heard.

It is going to be across all BUs and Roles regardless of direct or indirect billing.

So get your resumes ready. Reason being is that they are expecting to have a terrible next year.

Polaris Business Transformation SME (from LinkedIn)

Feb 2025 - Present · 8 mos
Bengaluru, Karnataka, India

(1) Lead enterprise-scale business transformation initiatives across Global Order to Cash (O2C) Organisation and compliance functions, with a focus on operational excellence, process harmonization, and technology enablement. Partner with multi-regional stakeholders to identify improvement opportunities through data analysis, process diagnostics, and user feedback.

(2) Leading global rollout of SAP S/4HANA for O2C Processes, HighRadius SaaS, optimizing Order-to-Cash (OTC) processes and improving automation.

(3) Served as SME & Solution Testing Lead, guiding a 30-member team through 3,000+ high-complexity test cases using risk-based prioritization to ensure quality and timely delivery.

(4) Developed governance frameworks, RASCI charts, process maps, and training guides, enabling global harmonization of collections and credit policies and unlocking $180M+ in working capital; recognized with the highest Prestigious India Inc. Award.

(5) Drove change management and adoption strategies to ensure successful implementation and measurable business impact.

Did they get rid of transformation office and the change function? Do we just send out amplify articles and call it change management?

Quotes from the megathread:

• "It's Transformation part 2 guys, fun layoff time. Enjoy." (Anonymous, Post ID: @kc+1k3eddae2)
• "I hope they learned some lessons from 'Transformation'... Even though we both know you'll be jobless in 30 days, you're going to have to interview for your job anyway." (Anonymous, Post ID: @g4+1k3eddae2)
• "management cancelled all meetings with those getting cut. Good luck getting any answers from them." (Anonymous, Post ID: @k2+1k3eddae2)
• "roles and projects within KTD are being removed or reprioritized." (Anonymous, Post ID: @kc+1k3eddae2)

In September there will a massive change in S&T - layoffs… Data Product Management teams and DPA will combine which will create layoffs… others will be affected… hold on to your butts..

I work for WellMed. We are now under Optum, it's been about a month. I was told with this transition, they will be making cuts immediately as soon as next week. A lot of people dont know this is gonna happen so i know its going to shake people up (rightfully so). Its very unsettling the amount of layoffs the entire organization goes through every year. I've only been here for 7 years and every year, there are layoffs. They cut people, don't replace them, or if they do its with AI or they dont promote employees.

This reorg under COO organization will be huge - will redefine the way any contract is executed/delivered to clients within Gainwell.

It is a major shift that will lead to many losing out (in fact, several positions will be terminated and WFR’d) but for a few, it will be a win for short term.

Look out for the email/discussions from your manager/dept head over next week or so. Good luck to everyone involved.