#company

UK discount chain Poundstretcher announced a property restructuring plan. The goal is to reduce its cost base and secure its future. The plan involves seeking rent reductions from landlords. Poundstretcher confirmed no store closures or job cuts are planned. The company has faced challenging trading conditions recently.

https://www.retail-insight-network.com/news/poundstretcher-outlines-property-restructure/

Make sure to check your email. The notifications have already started.

Just wondering if they are finished with the laid offs? I haven’t heard anything in my work area for the last few days. Thanks.

Pixelberry Studios reportedly reduced its workforce. This marks the second workforce reduction in two years. Some staff members reported this as their third reduction. Series Entertainment owns the studio. The total number of job losses is unconfirmed.

https://www.pocketgamer.biz/pixelberry-studios-reportedly-lays-off-staff-in-another-round-of-workforce-reductions/

When is next round planned and how big will it be

Let the Hunger Games begin!

Iran issues direct strike threat to Nvidia, Microsoft, Apple, Google, 14 other US tech companies — 'These companies should expect destruction of their facilities in response to each act of te---r in Iran' | Tom's Hardware

https://share.google/Crrwy2HLYfNaedELH

The post-acquisition 'micro-layoffs' are the gift that keeps on giving. Another 50 souls sacrificed to the gods of 'restructuring'—because apparently, a business model that doesn’t change every 90 days is just bad feng shui. It’s truly inspiring to watch a 'could’ve been' company turn into a 'never was,' though I’m relieved to see the Boys’ Club is still safely tucked away in their treehouse.

Just wanted to share something thats been on my mind lately from the people side of things. Its been really eye-opening to see how the We Lead behaviors and our DEI principles reinforce each other so perfectly in day to day operations. They just click together in a way that makes everything flow better.

During last years adjustments, it was cool to watch DEI keep things inclusive while our leaders stepped up with clear direction. They made sure every voice was heard, kept teams aligned, and didnt leave anyone behind. No one felt sidelined even when things were tight. Whos to say it wouldve gone as smooth without that combo?

Now that were on the other side, priorities feel way clearer and theres this stronger focus on belonging. Cross functional collaboration has way less friction, and engagement scores are noticeably higher in my area. The combination really creates that shared purpose and builds operational resilience thats genuinely energizing.
Chevrons culture feels special because of this stuff, and its one of the main reasons Im excited to stick around long term. We came out of that tough cycle stronger and even more diverse as an organization. Pretty awesome to see in action.

Anyone else noticing similar things in your teams? Especially curious to hear examples from the field or ops side how its playing out there. Would love to swap stories!

(An exclusive look into the thinking of our leadership)

Kurt C. Small will be taking over as the new CEO. At least I don't see anything on Google about him being known as a "layoff guy" or anything, but who knows...

Just to see if there were any hidden changes.

I got mine today. Till now I don't know anything about the rest of my team/my org. Not sure how hard it is hit.

We just had two team members let go. So sad.

No 60 days or two weeks or whatever?

RV joins the company, lays people off, reduces benefits, saves on costs, and raises service fees. Once the stock price goes up, he’ll sell his shares and leave

Was just told enterprise and XBS will be one sales team starting tomorrow and Dealers will be getting a bunch of XRX Mif. Anyone hear about this?

Heard we lost some long timers in a group at Finance accounting.

MB out as hse!

If we didn't get an email, no chance we'll be ambushed by a call or a sudden 1:1?

So why is it that some people feel this does not apply to them. Don't get me wrong. I was wfh the majority of the last 2 years, but I enjoy seeing my coworkers in person. There are entire offices and teams that dont come in even though this was a mandate from Global. Cameron and others, get your cr-p together. If you are going to enforce it than it should apply to everyone within a proximity of an office. While I enjoy being in the office, I am tired of being asked by others "why am I in the office, you are making us look bad" . Its not my fault your boss thinks shes special and these rules dont apply. I am just trying to do my job and keep it.

Real time headcount numbers are getting posted in reddit

I've got the general tab up right now and watching the literally freak out. The number is slowly dropping - it was in the 165K range, and then slowly went to 164K and now 163K. I'm assuming they've clicked a button and people are losing access.

I heard through rumors one criteria to be laid off was if you was with company less than five years
Nester Castor: 10+ years

NS sales, laid off this morning.

It's going to be so many people displaced today. You know when your Boss's Boss's Boss is visiting your site there will be layoffs. People will be leaving in droves. Mass Exodus. Shut it down and carry on.

TreeHouse Private Brands Inc. operates a South Beloit facility. The company reported upcoming layoffs to Illinois. It is one of ten companies on the state's list. The Illinois Department of Commerce compiles this monthly list. This reporting is part of the Illinois WARN Act.

Rockford, IL

https://www.rrstar.com/story/news/local/2026/03/31/companies-warn-illinois-workers-of-nearly-4000-layoffs/89386421007/

How sweet is it that Union Pacific is the only railroad that investing to bring history to life! Proud to be a part of a company that cares about our American heritage and the future of rail! So many people are being blessed with the hard work and dedication of the steam shop guys and the money poured into the program by the company. Thanks UP!

Remember around 2020-21 When a certain VP got fired for letting her son resell Nike shoes in bulk that were purchased on her corporate credit card... I didn't realize she changed her name and is now the CEO of Footlocker. Talk about failing upwards

I'm newer to the company and I find the on hand/back stock system completely crazy and not reliable. Then the priorities system is so weird. I think they need to figure out a better way for this.

Apparently SB has just been told to hit the bricks

My first week was just me sitting around trying to piece things together on my own. No training, no point of contact, just outdated documents that don't match anything we actually do. People keep assuming I know systems I've never even seen. It set such a bad tone right from the start.

What areas? Who is gone? I'm hearing it is huge.

Sector IT VP had one meeting tomorrow and one next week. Both got cancelled. Anyone knows anything about it?

How does it work for people on parental leave? Does that make you more or less likely to be on the list? If you're on the list, how is it handled?

Why are we spending so much time talking about the chevron way history? Trying to rationalize current decisions?

SB didn't get what he deserved, quite the opposite.

He has a golden parachute, which only pays out reliably IF/WHEN the company isn't in CH 7 or 11. Parachutes get trimmed down, and sometimes eliminated entirely in bankruptcy.

They didn't throw him out a window, they put him in a life raft. He'll get paid out, and after that, look for CH11. IF anyone here read up on his nonsense agreement and knows what the payout timeline is, please chime in. That is a good indicator of when they might be filing.

It seems to quiet…..