#cuts

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Mike Lyons gets 70 million while forgoing raises or bonus’s for employees

Mike Lyons gets 70 million in year one while cutting staff, forgoing bonuses or salary increases for many if not all, stating market and company talking points around why they cannot spend money. All while taking 70 million 😂

Incredible leadership. Just who everyone wants to follow!


We are out of cash..!!!!

The calls to stop spending money and the pain continues..... our customers and our network continues to suffer, let's not get into how much the employees are suffering. What is Stinky doing to AT&T...?? We are told to save a dime, but then he spends millions on stupid cr-p.

Why is he still around?
Why hasn't the board asked for his resignation...?
Are the stock holders and board members as blind and as stupid as he is..??

We are definitely in a spiral downhill... sad to see how much the company and upper management continue to fail us all.


Is this the last dance of SF?

Looks like that SF lost her mind. There was a couple of urgent L2 level leadership meetings and additional cuts and savings asked. Is it the aim of SF to destroy the company? When she will finally understand that leading the company is way more then financial numbers? Is she finally loosing her support to lead this Titanic?

Can someone imaging she survive as a CEO any longer? I never seen something like this. Only Kelly Beaty could be worse choice.


City of Erie Cuts Jobs Amid $12 Million Budget Gap

Erie Mayor Daria Devlin's administration is cutting city jobs. Six city jobs are being cut or vacated. The city faces a $12 million budget deficit for 2027. Expense cuts are also mandated. The administration seeks financial assistance from local entities.

Erie, PA

https://www.goerie.com/story/news/local/2026/06/08/city-of-erie-12-million-budget-crisis-layoffs-cuts/90418619007/


Bell Textron Announces Layoffs, Furloughs

Bell Textron has announced layoffs and furloughs for employees at several facilities, including its Wichita operation, with reductions that primarily affect personnel assigned to the MV-75 Cheyenne II future long-range as--ult aircraft program, according to the Fort-Worth Star-Telegram.

https://www.aero-news.net/index.cfm?do=main.textpost&id=F46807DA-1E6B-49D8-B51A-5D2ABE4B04B1


Employment up, yet companies keep cutting

Major U.S. employers issued the fewest layoff announcements in May. USA TODAY tracked 250 mass layoff notices affecting 32,000 workers. Spirit Airlines accounted for nearly 7,000 of these job cuts. The airline announced a shutdown and ceased all flight operations. This occurred despite U.S. employers adding 172,000 jobs in May.

https://www.usatoday.com/story/money/2026/06/06/may-job-layoff-warn-tracker/90425986007/


This interview by Dan is

This new interview by Dan is the nuke. Feels like everything everyone will be impacted by the news from Dan. He is literally telling us major cuts in high volume will be the norm. Expect layoffs in perpetuity. Everyone in CS is vulnerable. No such thing as safe roles. This will create a lot of chatter in the company expect aggressive moves coming from the top


Seven South Carolina firms to cut over 2,000 jobs

Electrolux Consumer Products will lay off 1,255 employees in Anderson, South Carolina. These job reductions are scheduled between July 18 and December 18. Republic National Brewing Company is permanently closing its Lexington facility, affecting 451 workers. Univar Solution USA, Thyssenkrupp Supply Chain Services, Hengst Filtration, and Swiss Krono also announced job cuts. In total, seven companies recently notified over 2,100 workers of upcoming terminations.

Anderson, South Carolina

https://www.thestate.com/news/state/south-carolina/article316010049.html


Somerville FY27 Budget Proposed; Thirteen City Jobs Cut

Somerville Mayor Jake Wilson unveiled his proposed $394 million budget for fiscal year 2027. This plan aims to address an estimated $5.4 million financial shortfall. The budget includes a record investment increase for Somerville public schools. However, it also involved the layoff of 13 city staffers on May 22. Mayor Wilson described these staff reductions as "traumatic."

Somerville, Massachusetts

https://www.cambridgeday.com/2026/06/06/somerville-mayor-budget-layoffs/


All the remaining rats

Running off the dell ship. For Dell employees you saw the company at record market cap and they didn’t care to share. Market cap will be cut in half by August and then the snakes will start the layoff process all
Over again.


We are beyond streamlining, efficiency, and innovation

Fixing this would take visionary leadership with courage, long-term commitment, and out-of-the-box thinking. Nothing even close is on the horizon. Fiserv will continue until there's nothing left to shovel over to leadership and shareholders. We'll keep existing in an ever-deteriorating culture until we're incapable of managing the cuts, handling the ever-increasing workload, or are replaced by offshore labor.


El Paso School District Cuts 94 Jobs Amid Financial Crisis

EPISD declared a financial exigency. This decision followed a four-hour meeting and a 5-1 vote. The declaration allows for cutting 54 teaching positions. Forty contract positions are also being cut. These measures aim to address the district's financial deficit.

El Paso, Texas

https://www.elpasotimes.com/story/news/education/2026/06/05/what-the-episd-approved-financial-exigency-means-for-layoffs/90416474007/


Pace Gallery Reduces Artists and Staff

Pace Gallery recently cut 50 artists and laid off 50 staff members. This represents a 30% reduction in artists and 20% in employees. CEO Marc Glimcher described the move as a "model correction." He stated the current gallery model is "unfixable" and needs change. The gallery will now focus on representing approximately 80 artists.

New York, New York

https://hyperallergic.com/pace-cuts-50-workers-and-50-artists-citing-a-broken-gallery-model/


Bell Textron Cuts Hundreds of Jobs Across Three Facilities

Bell Textron confirmed layoffs affecting hundreds of employees. Approximately 285 workers were impacted across three facilities. Locations included Amarillo, Fort Worth, and Wichita. The company also announced a three-week furlough for some staff. These actions aim to align the company with market realities.

Wichita, Kansas

https://www.ksn.com/news/business/wichita-workers-included-in-bell-textron-layoffs/


July / August Cuts

I have been told to expect cuts in the coming months, specifically August. As far as recent cuts made, some were expensive and others were not top performers. Who knows. Some of the cuts have gone after long tenured employees, who probably made good money and hefty LTI if they qualified. Replace them with a junior for half the cost.