#company

Board numbers are being reduced https://www.reuters.com/sustainability/sustainable-finance-reporting/outgoing-bp-chief-auchincloss-earned-53-million-pounds-2025-2026-03-06/

They could probably reduce the board further but at least this is a start!

ST and Q parterning up.
While NXP is becoming a « Management Company » instead of « Engineering Company »
Be prepared to see an acquisition of NXP soon by Q or someone else in 1-2 years

https://youtube.com/shorts/zidJDw00ZYo

That's that, anyone EXITED for the new merch.
Nobody really has anything better to do.

https://www.youtube.com/watch?v=pa5VBV7FjkY

https://youtube.com/shorts/zidJDw00ZYo

YOU!

Walgreens is doomed. A company that is firing so many people, and then giving artificial titles to try and keep others on board is a huge red flag. There is no future at WAG. The leadership team is a shell of talent, most 2nd or 3rd choices as the true talent left long ago. What once was an icon of a company stands an organization that simply cannot rise above the chaos. Within two years top, Walgreens will be no more......

for this company to focus on efficiency and deliverables. way too much drama and politics in the various offices. if you're not here to grow revenue, leave. leaders of you see these unaligned people, remove them.

Does anyone think that severance amounts will be impacted for future layoffs?

Dublin. Layoffs. Tech heavily hit with over 30 people axed. Others too. Massive.

7-Eleven To Open 600 New Stores by 2027 (And They’re Getting a Serious Upgrade)

https://financebuzz.com/7-eleven-new-stores

Is that certain?

I haven't been here long. Was that always a thing, or is it new?

https://boisedev.com/news/2026/03/05/hp-says-it-will-exit-boise-site/

Looks like all hybrid workers are going back into the office quarter by quarter. Next will be telecommuters.

Is that now official?

Confirmed by MSD himself in ISG townhall

With Schwab I realize background check is needed for employment. After employment, are background checks continuous or is it only with reason or permission that background checks are run again, like new position, etc?

https://www.reuters.com/business/media-telecom/us-agency-considers-limits-telecom-foreign-call-centers-requiring-english-2026-03-04/

Companies that operate with a hub-based workforce model should align their teams geographically rather than scattering small numbers of employees across multiple states. When the majority of a department or function is concentrated in a primary hub, it makes operational, financial, and collaborative sense to place the entire team in that same location instead of maintaining one or two employees in various other states.

First, collaboration and communication improve significantly when teams are centralized. Even in remote environments, employees located within the same region or hub tend to share similar, leadership structures, and workplace culture. When teams are spread out as “one here and two there,” those individuals often become disconnected from the main group, making collaboration less efficient and creating unnecessary communication barriers.

Second, centralizing teams supports stronger leadership and accountability. Managers can more effectively support employees when their teams are structured in a clear and cohesive way. When a handful of employees are placed outside the main hub, they may receive less consistent oversight, mentorship, and integration into team processes. Bringing employees together in the dominant hub location creates clearer reporting structures and stronger team cohesion.

Third, there are cost and operational efficiencies. Supporting employees in multiple states often introduces additional administrative complexity such as payroll compliance, state-specific regulations, and HR management differences. Consolidating teams in the primary hub reduces these complexities and allows resources to be focused where the company already has the strongest infrastructure.

Finally, a hub model should actually function like a hub. The purpose of a hub is to concentrate talent, resources, and collaboration in one central location. Maintaining scattered employees across various states contradicts the very concept of a hub structure and weakens the benefits that such a model is intended to provide.

For these reasons, companies that promote a hub-based workforce strategy should ensure that teams are largely located within the same primary hub rather than distributing small numbers of employees across multiple states where they operate in isolation from the core teams.

Yall were right! I just got my raise last week and pulled in a meeting to get let go this morning. I am apart of the team that is one of the merger companies. Damn!

Good luck Friday, hope you don't get the 'business update' invite for Monday am. They're coming.

Great news to hear from HR that they’re discontinuing the pension plan for those of us who have remained loyal to the company and accelerated the growth of the stock price.

When your CEO states, "If you don't buy into our strategy, go work at another company" - you are, indeed, working for a toxic company that has ZERO respect for its employees. Truly unbelievable that BE made it to the CEO position!

Perrigo plans to reduce its workforce. The pharmaceutical company expects to lay off 7% of its employees. This action aims to streamline operations and enhance effectiveness. The information comes from Perrigo's fiscal year 2025 report. Further details on affected departments were not provided.

https://wkfr.com/west-michigan-perrigo-layoffs/

Ssense reported 215 layoffs last month to the Quebec government. This brings the total to 307 layoffs over the past year. The luxury online retailer filed for bankruptcy protection in August. Founders recently received court approval to buy back the company. Lenders opposed the buyout, favoring liquidation for debt recovery.

Montreal, Quebec

https://montrealgazette.com/business/local-business/ssense-reported-over-200-layoffs-last-month-to-quebec-government

Delivering the mission statement 'Lets get going' and simultaneously firing about 1000 people would appear to show a serious lack of common sense. Are you people serious?

APLA is nothing without CS.
This is why I'm writing the appeal the decision made up above that CS moves to Greater China which is not a good idea.
CS needs to stay in APLA at least until it's broken up.
GC needs a local to the Chinese market.

When an employee resigns from Oracle, are they required to give two weeks notice?

If I leave without providing notice, are there any consequences or forfeited benefits?

The Beat mentioned Promotion and Reward cycles
When is this happening?

# Morgan Stanley Layoff Report — March 4, 2026
Source: TheLayoff.com | Thread: Morgan Stanley WM/Tech RIF
Thread ID: @OP+1kjtkpz73
Views: 8,754 | Replies: 60 | Last Activity: 8 hours ago (as of report generation)

## Executive Summary

On March 4, 2026, Morgan Stanley carried out a significant reduction in force (RIF) affecting its Wealth Management (WM) and Technology divisions globally. The Wall Street Journal pegged the cuts at approximately 2,500 employees, representing roughly 3% of the total workforce (@ez). The layoffs rolled out across time zones throughout the day, beginning in Asia and progressing through EMEA and North America. Affected employees reported being escorted out of offices, receiving garden leave notices, and in some cases discovering their severance was capped below what their tenure would suggest. No WARN Act filings were identified by thread participants ahead of the event.

## Scale & Official Confirmation

The thread was initiated by Anonymous 72 (@OP+1kjtkpz73) on March 4, who confirmed the RIF for WM was set to occur that day. The original post was made approximately one day before widespread reporting emerged.

The scale was subsequently corroborated by a user citing Wall Street Journal coverage (@ez):

"Wall Street Journal just posted a story. Said 2,500 or 3% of the workforce."

This figure places the event among Morgan Stanley's more significant recent headcount reductions. The thread notes no advance WARN Act filings were identified in the US (@eg, @dq), which generated discussion — one user speculated this may be because the majority of cuts were concentrated outside the US (@dr), which would exempt the firm from domestic filing requirements.

## Geographic Scope

Layoffs were confirmed or credibly reported across at least six cities spanning four countries, suggesting a coordinated global action rather than a regionally isolated restructuring.

### Asia (First Wave)
The thread noted that March 4 arrived in Asia first, and that the RIF had "started" there (@b6). Specific details from Asian offices were limited in the thread.

### London & EMEA (Second Wave)

• A London equities employee reported being told their position was at risk (@cw).
• Tech in London was independently confirmed as affected (@d0).
• One user reported that London had "finished" processing before the US wave began (@dn), suggesting a structured, time-zone-sequenced rollout.
• An EMEA-wide mandatory call for tech staff was reportedly called on short notice (@cp).

### Glasgow

• Affected divisions confirmed: finance, legal, and cyber security (@dd).
• Notably, one user suggested the cuts in Glasgow may have begun as early as mid-February, with several VPs disappearing around February 15 on apparent "leave" of 1.5–2 months — interpreted by the poster as quiet separations ahead of the formal RIF date (@dd).
• One IB employee in Glasgow confirmed their role was designated "at risk" and that a 30-day consultation period had commenced (@f8).

### Montreal

• Tech division confirmed affected (@ed).
• One employee reported a colleague was escorted out of the office with all her belongings (@ef).
• An Executive Director in Montreal was confirmed let go (@ey).

### New York

• WM Operations confirmed affected; at least one employee confirmed they were laid off (@dj).
• A 28+ year veteran (VP L4, tech) in NYC confirmed separation (details in Severance section below) (@dv).

### Alpharetta, GA

• Confirmed affected (@dk).

### Arlington, VA

• Multiple people escorted out of the Arlington office (@er).

## Seniority of Those Affected

Reports suggest the RIF was not limited to junior employees. Confirmed or reported senior separations include:

The presence of EDs and senior VPs in the affected pool suggests this was a performance-agnostic cost reduction exercise rather than a targeted performance-based action.

## Severance & Compensation Details

One of the most detailed firsthand accounts came from a 28+ year NYC VP (L4) in technology (@dv):

• Placed on garden leave through June 30, 2026
• Severance was described as capped, despite tenure exceeding the cap threshold
• The poster noted "there were good things there and better things ahead"

A follow-up post from another affected employee (@dx) added:

• Received 3 weeks of severance per year of service, but capped at 15 years despite 20 years of actual tenure

This cap drew scrutiny. Anonymous 72 (@e4) noted the cap represents a specific dollar ceiling tied to officer title, and that it may be legally challengeable since the cap threshold is never disclosed to employees prior to a RIF.

A separate user confirmed there is an internal HR website listing the dollar caps by title (VP/ED/MD) (@e7), though the URL was not publicly shared in the thread.

## Process & Transparency Concerns

Several users raised concerns about how the RIF was handled procedurally:

• No WARN Act notices identified for the US as of the time of posting (@eg, @dq). One user noted this may be because the cuts were primarily non-US in focus (@dr), which would exempt the firm from the 60-day advance notice requirement under the federal WARN Act.
• No advance media coverage — multiple users expressed surprise that a reduction of this scale had not appeared in the press beforehand (@b5, @dq).
• One user speculated the March 4 date may not represent the end of reductions, suggesting a rolling layoff model in which additional divisions (e.g., Banking, non-tech WM) could follow in subsequent weeks (@ds).
• The Glasgow situation (@dd) raises the possibility that some separations were being quietly processed weeks before the official RIF date, which would be consistent with a rolling or pre-staged reduction strategy.

## Division Breakdown

Based on thread reports, the following divisions were mentioned as affected:

## Notable Contested Claims

Two posts (@e9, @ej) made claims alleging that layoffs disproportionately targeted white employees and attributed this to managerial bias. These posts received heavily split reactions (roughly equal upvotes and downvotes) and generated significant sub-thread debate. They are noted here for completeness but:

1. Are not independently verifiable from thread content
2. Represent individual perceptions, not documented patterns
3. Should not be treated as factual reporting absent external corroboration

## Key Open Questions (As of Report Date)

• Will additional RIF waves affect Banking and non-tech WM, as speculated in @ds?
• Are severance caps legally defensible given the non-disclosure issue raised in @e4?
• Did Glasgow separations beginning ~February 15 (@dd) constitute a pre-staged RIF, and does this affect WARN Act or UK employment law compliance?
• What is the total headcount impact in each geographic region?

• Report compiled from user posts on TheLayoff.com thread @OP+1kjtkpz73. All information is sourced from anonymous employee accounts.

You can feel it everywhere. Nobody believes in leadership anymore because they haven't gives us a reason to in a long time. The ship is sinking fast and everyone knows it. If you're not job hunting, you're one of the few who isn't.

…knock it off! I know it su-ks always being worried about losing your job every Tuesday after payday, but you really don’t want to lose your job, especially with so many industries laying off in the last year or so. It sounds good to have a break from all the cr-p that goes on in office (I totally get that), but being freshly unemployed is NOT fun and I do not wish that upon anyone! It is hard to find a job in 2025/2026, especially when you don’t already have a job. A lot of posts for the last week or so saying March 3rd was going to be a huge day for layoffs and it was no worse than any other day. Stop creating unnecessary drama and fear for people saying the sky is falling when it’s not. Yes, I know some people lost their jobs yesterday and that su-ks, but be a good person and don’t post rumors…only post facts!

Have you got hour VPC alteady? What % of your yearly sałaty.

Just saying

Can the Mods create a separate thread or link for the Union folks? Just like VzW has its own...since these folks started posting here, we lost the fundamental topcs....

https://youtu.be/ApBnRnGFht4?si=lGmO5anh_7xoGAUk