#company

Seems like this is the worse kept secret. It's been a bumpy road to integrate Pioneer assets with still a lot to be done. Please hold off on purchasing Diamondback and give us one more year to catch up.

BP sold a majority stake of Castrol to private equity. Do you think we'll make a similar move with Mobil 1?

Nothing to really look forward to in 2026. You will have a company looking to layoff all year and Dell financials will look to suffer in tightening margin pressures against Dell. Ho Ho Ho Merry XMAS

What time did your managers let you out today?

Meeting is already set. Iykyk

other than more layoffs and enriching his wealth in his own startup investments?

It is my first year in DXC and I was surprised to hear there is no 13th salary, no bonus, NOTHING for Christmas. It is the first company I worked for that has such policy, all my colleagues have bonuses every quarter (or at least twice a year), here - nothing. Is it some kind of one time miss due to the hard financial situation or company policy not to care for their employees?

I should be excited about the holiday, but I can't stop worrying. Knowing more layoffs are coming, knowing they could announce them any day now… It's hard to feel any festive spirit when you're waiting for that kind of news. This whole situation just feels so wrong.

Best managed companies listing:

https://drucker.institute/annual-data/annual-ranking-data-2025/

This year’s job market has taken a hit across industries, as higher retail costs led to weaker consumer demand and concerns continued to mount over how artificial intelligence will affect future job creation.

Looking closer at the U.S. Department of Labor’s most recent jobs report in November, the overall economy created 64,000 jobs last month, while unemployment rose to 4.6 percent its highest level since September 2021.

As for footwear, some companies were not so fortunate this year, having to resort to saving their bottom lines by cutting staff. As FN looks back on the year, here are the seven biggest footwear layoffs of 2025.

• Puma Eliminates 900 Positions After Q3 Results
  Puma said in October that it is planning to reduce its “white collar” workforce by 900 positions as part of its third quarter earnings release.

The reduction comes on top of 500 jobs cut in March and means the company will have slashed around 20 percent of its corporate workforce this year.

The cuts come as the German activewear firm blamed a strategic “reset” as it navigates “several company-specific challenges, including muted brand momentum, elevated inventory levels across the trade and low quality of distribution.”

Measures taken so far, including stock take backs and reduced promotional activity, impacted Puma’s performance in the third quarter, both at wholesale and in its own stores and online sales, the company explained.

• Nike Makes a New Round of Corporate Layoffs
  In August, Nike disclosed a new round of layoffs, this time impacting its corporate team.

The move comes after president and chief executive officer Elliott Hill raised the possibility of layoffs in June during Nike’s earnings report for the fourth quarter of fiscal 2025.

Nike told Footwear News that 1 percent of its corporate employees will be let go. An email from the company’s leadership team informed employees of the realignment.

“Change can be difficult. It can also be what sharpens the edge, aligns the team and sets up the win,” the email, signed by Hill and members of the senior leadership team, said. “And the ‘W’ is ours to take, embracing an athlete mindset that leads with passion, commitment and determination.”

• Vans Owner VF Corp. Has Rounds of Cuts
  In May, a VF Corp. representative affirmed the news that the company has made further job cuts. “Over the past few months, VF has been working to reorganize select commercial functions globally, as part of the company’s ongoing business turnaround,” the rep’s statement said.

The rep also noted that the reorganization has impacted approximately 400 employees globally, across VF’s brands and throughout the Americas, Europe, Asia regions.

The round of layoffs in May come a few months after VF announced further job cuts in new “reorganization” efforts back in January. At the time, the company did not confirm the total number of employees that were affected.

• Adidas CEO Confirms Company Will Cut 500 ‘Obsolete’ Jobs
  Adidas chief executive officer Bjørn Gulden confirmed in March that the sports company will eliminate 500 roles.

On the company’s fourth quarter earnings call with analysts, Gulden said that these roles are “obsolete” after undergoing a strategic review to simplify operations at Adidas’ Herzogenaurach, Germany, headquarters. Adidas has around 62,000 employees around the globe, Gulden noted on the call.

This confirmation comes after an Adidas representative told FN in January that Adidas was looking into cutting jobs. The rep told FN that these cuts were are not part of a cost savings program but instead are aimed at “reducing complexity and ensure sustainable success in the future.”

• Clarks Sheds Over 1,200 Jobs
  In July, Clarks revealed in a Companies House filing that it reduced its workforce by over 1,200 employees in fiscal 2024.

The filing noted that it ended fiscal 2024 with 6,161 employees, down from 7,413 in fiscal 2023. It also stated that approximately 220 of those eliminated roles were global corporate positions.

In a statement sent to FN in July, a Clarks representative said that 2024 was “a year of challenging market conditions which had an impact on global performance.”

• UK Footwear Retailer Schuh Makes Cuts
  In January, Schuh managing director Colin Temple said in a statement that the UK-based footwear retailer would implement a new round of layoffs.

“At Schuh, our people have and always will be our most important asset,” Temple said in a statement sent to FN at the time. “Due to ongoing challenging economic conditions and rising costs, we have made the difficult decision to restructure our business. We are going through a voluntary redundancy process in some areas of business.”

While the exact number of employees affected by these cuts are unknown, Temple added that he will not be commenting any further “in the interest of respecting our employees during this time.”

REI Co-op Shutters Its Experiences Business After Nearly 40 Years
After nearly 40 years, REI Co-op shuttered its Experiences adventure travel business in January. With this move, 428 employees — including 180 people in full-time roles and 248 part-time guides — will be laid off.

“We have gone through many iterations and have explored multiple options to keep this business up and running to preserve jobs. We’ve held out as long as possible, but the fact remains that Experiences is an unprofitable business for the co-op, and we must adjust course,” REI chief executive officer Eric Artz said in a note to employees that was shared with FN.

IBM at #8.

The press release:
https://www.globenewswire.com/news-release/2025/12/09/3202657/0/en/The-Drucker-Institute-at-Claremont-Graduate-University-Releases-Its-2025-Ranking-of-America-s-Best-Managed-Companies.html

The announcement:
https://www.cgu.edu/news/2025/12/drucker-institute-2025-management-rankings/

The list:
https://drucker.institute/annual-data/annual-ranking-data-2025/

Years of bad calls at the executive level have drained momentum, talent, and trust. Instead of building on strengths, leadership keeps reacting late and doubling down on choices that never should’ve been made. Now the focus is no longer on growth or innovation, but survival.

Does anyone have info on that? Heard through the vine that it was happening.....

J.C.Penney property sale falls thru, according to Retail Dive, now what?

Numbers will be revealed in the first quarter of ’26.

C-Suite is quietly looking to sell of re-purpose the Marshall MI site. What a huge mess! DF wrecked the local community economy. Would be a good location though for an Amazon DC.

Why is nobody adding up the recent $19.5 and the previous $10B FNV4 fiasco? And a good man like Hinrichs was let go?

seems counter-intuitive?

What is the latest with Phase 2 RTO and remote workers?

It is so obvious State Farm is all image without no substance. What say you?

Keep seeing that we are going in firmwide 4 days starting April 1. Can anyone confirm?

In a surprising move, our CEO has appointed a new hotshot CFO with a global business background, replacing a seasoned executive with years of experience at MPC and MPLX. This change could be a response to performance concerns or may signal a significant shift in company strategic direction. If the latter is true, it raises the question: Could more long-standing MPC/MPLX employees face a similar fate in 2026?

VMware didn’t need all of those employees and Broadcom runs VMware with more efficiency and profitability than most of you thought was possible.

First, I asked my supervisor and HR and no clear answer so I am asking here as many of you got severance. Does the payment come on normal pay cycle (6th, 21st), I was surplused in November and no check yet, I got denied unemployment because Company listed I got severance but nothing yet, bad time of year to have no pay, severance would help, job searching tough. Appreciate any input

Does everyone stick to the 3-4 days in office? Most people I’ve talked to do 2 days if anything - I think riding it out until more days become mandatory.

https://www.linkedin.com/posts/ram-k-krishnan_beveragedigest-futuresmarts-fs25-ugcPost-7408879362046853120-6Dmj?utm_medium=ios_app&rcm=ACoAAA3ydb0BlG1kUto_4T-7uusWBCxY7pPLU_A&utm_source=social_share_send&utm_campaign=copy_link

Anyone heard that there are senior leadership changes in APJMEA? My manager was on a call earlier and changes have been announced.

Seems an odd time to make such senior changes to the leadership who have been in place for many years.

Someone posted this and is worth the reading:

Verizon has a long history of failed execution:

go90 ( folks from Finance told Lowell NOT to buy INtel TV but, during a golf game - Lowelly wanted to play “big honcho” and sealed the deal over that game. Finance and legal the. Had no recourse but to pay it and close it out). And what a failed project - starting with its name Go90 - the the big bankrupt: aol, yahoo, add hum, finance transformation, VGS, blue jeans, plus play,

Many of us warned them about tmobile and they laughed at us. In an HR all hands we called it out and the silly HRBPs were like sheeps - singing the “tune” that they are forced to implement. And where did that got VZ - a total failure

AI can be very helpful if used correctly. Lot of talk that it can replace human workers. That is absolute garbage.

AI helps you do your job better. I am choosing words carefully and not saying faster. Before AI, it was hard to achieve required quality in given amount of time to complete tasks. Now with AI, you have an opportunity. You can and should still take as long as you were but use AI to achieve the quality. With AI, you have to use lot of review/refinement cycles to get to desired quality. It takes time but you can achieve really good quality deliverables.

So I say layoffs based on thinking AI will replace humans will just sink the company. But the new year is on the way and talks about 50% or 70% layoffs are surfacing. I say if they don’t think it through carefully they are highly likely to sink the sinking ship faster than fixing it. The company they paid $10 billion for, may just become 3 billion with 70% layoffs.

1) Rebrand everything else with new logos
2) Push aggressive pricing to juice short-term revenue
3) More layoffs, because Layoff.com needs traffic
4) Double down on digital investments with no payoff
5) Sell parts of the business to fund all of the above

Happy holidays!

That might work for a short while, but over time it becomes completely mind-numbing and demotivating. It starts to feel like taking pride in your work is somehow shameful. Since we spend basically half our lives at work, is it really too much to ask that it actually means something?

It feels like the whole enterprise is designed to make you dislike your job and prevent you from ever progressing or accomplishing anything of substance. And I mean real substance, not a promotion or a raise. It seems like corporate leadership doesn’t actually want people to perform well, just to stay within narrow boxes defined by shallow metrics. Limited thinking, stuck in numbers and charts.

We’re holding steady at every other week for connect weeks! Also, who else is incredibly thankful that Fido never required the ‘shot’ to keep employment?!? A true blessing!

Any word if flexible schedules will be eliminated 2026? It’s one of the biggest incentives the company currently offers.

As we all gather to spend time with family this holiday season dont forget to educate them about our beloved company...

• Tell your MAGA in-laws how many of your American coworkers have been replaced with offshore Indians by Cigna.
• Tell your Mom and Pop that despite working for a Health Insurance Company that Cigna has still increased your health insurance by thousands of dollars a year.
• Does little Sally need a bedtime story? Maybe read her one about how a brave knight slays a parasitic PBM middleman like Express Scripts.
• Is your uncle into the stock market? Bond over talking about how bad the Cigna stock is doing. Its okay CEO David Cordani's pay is almost completely based on stock but yours isnt.

You wont get a lump of coal for doing any of this because Cigna said during the Townhall that they have set aside money to spin a more positive image of the company. Funny how there is always money for that and mergers but never for paying talented American humans.

https://globalbiodefense.com/2025/07/03/trump-vance-research-cuts-biotech-warning-2025/

https://www.hcltech.com/press-releases/hclsoftware-acquire-jaspersoft-cloud-software-group