#workforcereduction

Confirmed. Many layoffs last week at India Technology Center in Pune. The wave will hit Nortbelt soon.

The gole is cut 22% headcount including other approaches.

The use AI to determine if you are valuable….BS!! Management wants no blood on their hands. Cop has been a layoff company for a long time, bad reputation has followed them. But hey, it’s the oil business, that’s the risk you take. History shows that it’s an up and down business. You can either su-k it up and take the risks or you can go make teddy bears for living. If you decide to stay and not take the EOI and you get lucky and they don’t pull your lottery ball and can you, just know this won’t be the last layoff you see. It’s the nature of the business and SOP for CoP! Good luck to all. Signed, retired CoP!

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.

https://esd.wa.gov/employer-requirements/layoffs-and-employee-notifications/worker-adjustment-and-retraining-notification-warn-layoff-and-closure-database

https://www.aol.com/peloton-beats-expectations-announces-further-212747746.html

Peloton shares rose after the company reported surprise quarterly earnings, driven by higher sales and cost-cutting measures, while announcing it will lay off 6% of its workforce as part of a new restructuring plan. The New York-based fitness company aims to save at least $100 million by fiscal year 2026 through reducing its global team, cutting indirect spending, and relocating certain operations, with about half the savings expected from the layoffs.

This latest reduction follows larger cuts in recent years, including a 15% workforce reduction in 2024 (about 400 positions) and about 1,300 job losses in 2022. While Peloton’s stationary bikes and treadmills saw huge demand during COVID-19 lockdowns, sales have steadily declined since 2021 as gyms reopened and customers returned to pre-pandemic routines. The company now anticipates falling hardware sales and fewer subscriptions to its fitness software products

the 6,000 job cuts will take years to implement, probably until 2028, reductions happening in phases and by department.

dpt heads are given budget cut targets, this translates into headcount cuts, and then negotiate internally on who to cut and when. notifications can be staggered, and different dpts are on different schedules for cuts...

early rounds will target experienced and highly compensated staff...

the potential later re-hiring at lower levels or on contracts.

some sites may be closed and infrastructure may be reducd.

commercial teams are suspected to be next to be hit, with a WARN notice filed for rahway (that is linked below) affecting 58 people in 11/2025 (as part of the first round).....

contractors are already being let go, nobody is surprised. some are not being renewed, also no surprise...

the reduction goal is ~8%, and attrition will account for some cuts, the weak job market means fewer voluntary dptrs.

comms from mgmt is bad bad...

HPE is on a monthly WFR schedule now to prepare for the divestiture of the ES (services) division. I am in management and since 2012, my best estimation is that the company has WFR'd (workforce reduction) around 100,000 people either outright or by "moving" jobs to low-cost locations. They have a stated goal of having 80% of their workforce in so called locations and they are quite proud of that. Many departments are being outsourced as well with employees moving to contracting companies on 1-3 year assignments before they can be completely let go. Not a great place to further your career unless you are in Mexico, Costa Rica, India, or Malaysia. It would be a misnomer to label HPE as a U.S. company anymore.