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https://www.cvshealth.com/news/company-news/cvs-health-names-david-joyner-chair-of-the-board-of-directors.html#:~:text=WOONSOCKET%2C%20RI%20(November%2020%2C,%2C%20effective%20January%201%2C%202026.
So now David Joyner will be president, CEO, and chairman of the board. One guy in charge of everything, making all the decisions. I don’t know if that’s good or bad, but CVS is now going “all-in” on Mr. Joyner.
Well, 2025 is almost over and Belk has survived another year ! It’s amazing how we can keep cutting, year after year, and everything seems to just function fine. well, ok not fine, but belk is still operating! Soon we will have no employees working at all, we are now thinking of using chimpanzees in place of human beings, what do to all think? I think it’s a winning idea !!!
2026 should be a year of dramatic cuts.. first I would like to have absolutely no visual merchandising standards in stores. I have the brilliant idea of throwing all merchandise inside of large bins and let all customers fight over it. Kind of like a scavenger hunt? What do you think? As far as benefits and pay increases are concerned, I want to cut cut cut cut cut…..let’s offer the standard 2% raise, but then cut paid time off even more! What a brilliant idea! Here I am babbling on and on.. as far as Belk’s top brass is concerned, it’s been a great year!, six and seven figure salaries, top tier benefits, bonuses and lots of perks, I hope everyone will enjoy their store meals on Black Friday! Don’t forget to keep the cost under $9.99 per person!!!! Deli meat, cr--kers, and Kool Aid should be in the menu! gobble gobble, kluck, kluck…
Hugs and Kisses,
Donnie
Back in the day Lowell ran the company with integrity. Back in the day Lowell said you could not be promoted to management within your market. The purpose of this was to evade the markets from becoming a good ole boys club. Since Lowell's retirement, Verizon has, in fact, become a good ole boys club. Maybe this reorg will fix that. Or maybe, we are in the death throws of a dying company.........
One person called Verizon their dream job. Another few people were 'thanking' Verizon. Another few were claiming that these people 'deserved it'.
Stop breaking your backs for this company, man. Have some respect. You don't need to have all of the answers, but people don't need to be su-king up to the incompetence in this company.
Being unemployed, I am looking at the big job boards (which I don't trust) and companies career sites. One thing I notice is that it is quite rare to find a company that uses Oracle for their database.
Thats what I get for sticking with and learning RDBMS ect. for all this time.
Couple things
Couchbase, a California-based cloud database firm with offices in Austin, is laying off 11 employees in Travis County, according to a notice filed with the Texas Workforce Commission. The reductions are scheduled to take effect January 12.
The company stated in its filing that the cuts are permanent.
https://dallasexpress.com/business-markets/another-tech-company-hit-couchbase-to-experience-layoffs-in-austin-post-buyout/
did any remote workers get a notice about paying local taxes? If so can somone please explain what is going on please?
How do we feel about Jim Peichel as the new CTO? Seems like initial reaction is generally positive, but I don’t personally know anything about him.
I'd buy it.
https://www.theguardian.com/business/2025/nov/24/northwestern-mutual-insurance-jobs-hiring
Cause they will never ever have layoffs.
Oh BTW said no one ever.
Layoffs January 2026. Book mark this thread
Which line of business has published their reorg charts on vzweb?
Wealth management company Cetera Financial Group laid off a “small” number of employees to streamline its operations, a company spokeswoman said on Friday. Cetera, owned by private-equity firm Genstar Capital Partners, also conducted layoffs earlier this year. The latest round didn’t affect teams that support Cetera’s thousands of financial advisors, the spokeswoman said.
https://www.barrons.com/advisor/articles/cetera-layoffs-f4a234b2
Brutal timing but this is a yearly occurrence at this point
SB, aka Bandy, closed the last Town Hall with a sort of “Trust me, bro” line.
Fitting, because that’s basically the financial strategy right now: trust us while we borrow new money to pay old debt and hope nobody asks why the interest bill keeps climbing.
Xerox isn’t running a literal Ponzi scheme, but the behavior rhymes: fresh debt replaces maturing debt, each round more expensive than the last, with no cash flow to reduce anything on its own.
Let's not forget some of SB's “stellar” performances in this Ponzi-like scheme:
In September 2023, SB borrowed $500M to buy back from his lord and master Carl Icahn (a legendary activist investor who had fallen on hard times and was wrong not by decimal points but by several orders of magnitude in his calculations to buy HP) his stake in Xerox;
In late 2024, SB borrowed another $220M to buy ITSavvy, the company then and nowadays run by a friend of the now-departed COO John B (still a board member though);
(Meanwhile, days later, SB indulged the whims of the also now-departed Chief Disruption Officer and wasted $10-20M on sponsoring the Aston Martin Aramco Formula 1 team, which wouldn't even win a Hot Wheels toy car race)
SB & Friends claim they’ll pull out $200–300M in “synergies” by cutting overlapping functions, closing facilities, and shrinking corporate overhead.
Without those savings, the debt load gets heavier, interest expense keeps rising, and refinancing becomes harder. It’s that simple.
SB & Friends keep repeating the synergy story like it’s guaranteed.
It isn’t.
It requires flawless execution, discipline, and no surprises—things they know very little about.
Meanwhile, the core business is falling off a cliff. The only thing keeping this train moving is access to credit markets and the hope that lenders keep buying the story.
So yes: when the CEO says “Trust me, bro”, what he’s really saying is: “You are going to take a leap of faith and BELIEVE that the cuts will be implemented quickly, revenues will stop declining, and lenders will continue to be friendly”.
Except the lenders are not staying friendly anymore. S&P Global Ratings just cut Xerox’s credit rating to CCC+.
For those unfamiliar with S&P credit ratings: on a scale of 22, with 1 being “Prime” and 22 being “Lousy” (default, no money to pay bills anymore), CCC+ is 18.
S&P are also warning Xerox will burn $170–200M in cash this year and carry a debt load more than 7.5 times our earnings.
Put it in the simplest terms possible: the rating agency thinks we’re borrowing money just to stay alive, and that if anything goes wrong — if synergies slip, if revenue drops, if refinancing gets delayed — the whole structure can fall apart faster than any PowerPoint slide can explain.
At this point, the person who says "Trust me, bro" is in fact the last person you should trust.
If you are using this event to create DEI theories around how individuals were impacted, then you are either an extremely stupid person or a horrible person.
Using such mass suffering to push your propaganda- shame on you
Coming soon to your nearing ESL store
Any management in here that can explain what was told to them about next steps with contractors?
Is AI determined who to lay off now?
How many?
Try and get a job and you'll see, it’s not happening.
Citi should not block someone to move out when a 4 rating is intentional.
I noticed in Pakistan - employees could book a shell run vacation house.
India has that extra % pay per year to keep up with market pay rates
Dutch get the benefit of riding a bicycle to work
Oman provides benefits to multiple spouses of an employee. You can also buy health insurance for your parents.
Truelink Capital ("Truelink"), a Los Angeles based private equity firm focused on growth and long-term value creation, announced today that it has signed a definitive agreement to acquire SouthernCarlson, Inc. ("SouthernCarlson" or the "Company"), a leading distributor and service provider of construction and industrial fasteners, tools, packaging, and supplies, from Kyocera Corporation ("Kyocera"), a global Japanese conglomerate. Financial terms of the transaction were not disclosed.
https://www.prnewswire.com/news-releases/truelink-capital-to-acquire-southerncarlson-inc-from-kyocera-corporation-302624208.html
Musical Chairs...
Does anybody know anything concrete about the rumored end-of-year layoffs?
There’s seems to be a lot of resentment here from some people with phrases like “adults go to work” and “covid is over” and “it’s your own fault that you moved to another state” and common sentiment is - get back to the office or get out. A lot of people seem to be unaware that remote work existed way before Covid. There are some companies who hired remote-only (look up Hashicorp). Remote work existed in Viacom too.
Most of what I’m hearing here is towards people who were in the office and then became remote due to COVID. Ok I get that. What beef do you have with me, someone who was hired remotely years before COVID, never lived anywhere near NY or LA, and commonly known as a local workaholic often working way over 8 hours a days, often working weekends etc? Where do I have to “return” to? I’m where I’ve always been. And I’m not going anywhere.
What happened?
https://imgur.com/a/4AB5EjR
https://finance.yahoo.com/news/eu-approves-450m-czech-support-100157348.html
What companies are mid-career folks from T are joining?
I’m hearing December 1st, 8th, 15th, layoffs have already started, re-org is coming, 1NA is coming, sending jobs to Russia, sending jobs to Mexico, 3000 layoffs, he-l somebody even said 20%+ which would mean 60k+ employees and would be the biggest layoff in American history for a single company.
Does anybody have any solid information on real December layoffs or restructuring and what groups are impacted. Frontline? Managers? Division, HQ? Etc.
If you know, you know. The question that we've all been asking. Apparently, the CEO too.
Got laid off two weeks ago and my gas sponsored credit card still works! Thanks. Feel zero regret about it. If COP read this do something and stop all these cards from working on laid off people. Anyhow this is another example of how badly things are planned in conoco.
Received email Friday 11/21 saying ATS team (Legg) in Bedminster needs to go 5 days in office beginning 12/1.
Who's next? Or are they done at that level and now will focus on the next levels?
How deep will Bain's cuts be?
Form 4] VERIZON COMMUNICATIONS INC Insider Trading Activity
Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary
Verizon Communications Inc. (VZ) executive vice president and Chief HR Officer Samantha Hammock reported an acquisition of 84.289 phantom stock units on 11/20/2025 under a deferred compensation plan. After this transaction, she beneficially owns 29,098.676 phantom stock units, held indirectly through the company’s deferred compensation plan.
Each phantom stock unit is described as the economic equivalent of a portion of one share of Verizon common stock and is settled in cash rather than actual shares. The units become payable upon events that Ms. Hammock has established in line with the plan’s rules, and the total includes phantom stock accumulated through dividend reinvestment.
Is Shankar out? Will there be a reorg in VGS?