#downsizing

anyone hear of cuts coming down the line, Intralinks is bleeding out and not doing the business it should and our office is feeling the pinch....

Very likely

Stanley Black & Decker will lay off 300 employees. This action follows the permanent closure of its New Britain manufacturing facility. Layoffs will occur in five waves, starting in May 2026. Most workers, 287, will be terminated between May 4 and May 18. The company cited a decline in demand for single-sided tape measures.

https://patch.com/connecticut/across-ct/stanley-black-decker-layoff-300-employees-timeline-issued-amid-impending

Downstream VPs managers ruining Upstream, Uncon experienced folks ruining Deepwater and Deepwater folks ruining Uncon.

Yes we need cross fu ctional experience, but not Leaders/managers. They come and make people do uncecessary studies and projects which are doomed to fail. The upstream industry is more than 100 years old, yet these d-mb bozoz think they can change the world.

This is foolishness

#IGNITE Stupidity

Another round of layoffs today in R&T…

Memory shortages are going to whack margins and the only lever that can be pulled to maintain stock price is expense reduction aka layoffs.

This company has no ability to sell software without hardware and no ability to hedge across non storage products.

Before someone says what about cloud ..... Azure and the others, will also be hit with the shortages.

NetApp is like a small mom and pop hardware store which is being destroyed by Home Depot.

Leave now before the out of business sign is on the door.

No customer yet.

Plan is coming down the line. Regardless of contract extension or not. À la ups style

$5000 per year of service to leave the company. No restrictions . 5 years or 50 years. Major downsizing is wanted by the company. No ipp offer. Across the board. They will back fill and train if needed for some job titles.

It seems the rolling layoffs have no end in sight, who else thinks they’ll reference AI as a reason for downsizing this year?

The Alvord Unified School District Board approved layoffs for up to 123 employees. This decision was made on February 12 to reduce spending. The district cited a steady decline in student enrollment over the past decade. Up to 101 teacher positions and 22 classified positions will be cut. These actions aim to ensure long-term financial stability for the district.

https://riversiderecord.org/alvord-unified-approves-layoffs-citing-decreased-enrollment-budget-instability/

Heard Desmond thinks the south shouldn't work on ge motors due to getting injured working on them. Sounds like he wants to make the south smaller and road truck sites.

I know it'll happen over three years, but getting rid of over 3k people is an overkill, in my opinion. This will affect the company in ways the leadership apparently is incapable of envisioning. I'm just wondering what'll happen when they realize that institutional knowledge is key in our work.

Why March 3rd?

Yes, time is coming and we are about to implode with all the multiple organizational changes that add no value apart from headcount reduction and the downstreamers managing upstream like a refinery and ki-ling it long term. Expect more safety incidents, more process safety events and more blame on the employees for not following procedures (even though nobody knows what they are anymore). The attrition is rising and we are in a downward vicious circle now.

it's time to lower costs and jettison underperforming products and locations. not sure what the delay is

Eight companies plan to lay off over 850 employees in South Carolina. These job cuts stem from January 2026 WARN Act filings. Milliken & Company will close its Cedar Hill Plant, affecting 126 workers. James Hardie Building Products will eliminate 78 jobs at its Summerville plant. eSupply Chain DLH accounts for 327 layoffs in Charleston.

https://mebaneenterprise.com/850-south-carolina-workers-face-layoffs-as-8-firms-announce-closures-full-list/

Any new layoffs in 2026?

ABB ELIP just got rid of 48 positions on 2/17/26. They said they needed to downsize because of poor sales numbers

buckle up. no teams are protected. more constriction. thank your president for architecting it with all the usual care, concern and thoughtful strategy she typically applies while covering herself

As of today, 2/18/2026, several Director level and above were laid off in DFW, Clinic Ops. Invitations were emailed for a “Leadership Touchbase” tomorrow morning. One invitation is for 7:45 a.m. and the other is for 8:00 a.m. For those who have made it through multiple layoffs over the past 3 years, we know what those two invitations mean. Additional clinic consolidations have already been announced, and the entire DFW market will soon only consist of about 40 Primary Care clinics. Fewer clinics means fewer employees. This is a last ditch effort to slow the bleeding before WellMed goes belly up.

Year Regular Employees At End of Year
1999 123,000
2000 99,600
2001 97,900
2002 92,500
2003 88,300
2004 85,900
2005 83,700
2006 82,100
2007 80,800
2008 79,900
2009 80,700
2010 83,600
2011 82,100
2012 76,900
2013 75,000
2014 75,300
2015 73,500
2016 71,100
2017 69,600
2018 71,000
2019 74,900
2020 72,000
2021 63,000
2022 62,300
2023 61,500
2024 60,900
2025 58,000

WOW! Stores are literal ghost towns- There is NOBODY in the stores- empty aisles, unsold freight, zero employees. This company has been swirling the bowl for the last 2 years. People- get out now. The company is tanking.

Corporate real estate is under pressure nationwide. Companies are downsizing footprints, unloading space, writing down office valuations. The market is screaming that centralized office demand has structurally changed.

And we’re committing billions to a brand-new headquarters tied to a five-day RTO mandate that the workforce has overwhelmingly pushed back on.

This isn’t vision. It’s denial.

When capital is expensive and the market is shifting toward flexibility, you don’t double down on fixed costs and hope behavior bends to your preference. That’s not leadership. That’s forcing reality to conform to ego.

We’ve already lived through massive strategic swings that were sold as bold and transformative, only to require years of cleanup. At some point, repeating the same pattern stops being bad luck and starts being a decision-making problem.

You can’t build the future of work by anchoring yourself to the past. You can’t demand innovation while ignoring market signals. And you definitely can’t call it culture when the people you’re trying to attract are openly telling you they don’t want it.

in the traditional sense. The recent reductions are the result of a top-to-bottom organizational efficiency change. Every role, dependent and interdependent, has been evaluated for overlap, utilization of skill, and so on. This is not done. Once the final, improved, organizational model is done Srini will announce the 'transformation is complete'. Or some variation of that. For now, I am staying focused on my role. Doing my best to make sure I am a useful, contributing team member.

More and more layoffs. Not a well-run facility and not a good place to work.

When management mismanages money employees must be eliminated.

Wendy’s plans to close several hundred U.S. restaurants as it focuses on new menu items as well as "more spend towards digital, social and streaming platforms," the company said during an earnings call Friday following a weaker-than-expected fourth quarter.

https://www.nbcchicago.com/news/local/wendys-to-close-hundreds-of-us-restaurants-in-2026/3894238/

Colour me red! More layoffs this month! Send us all on the dole

PeaceHealth initiated another round of layoffs. This marks the third such reduction in nine months. The layoffs affect skilled caregivers across its hospital system. Over 150 positions are impacted, including hospice nurses. PeaceHealth cited financial pressures and evolving community needs for the decision.

https://www.klcc.org/health-medicine/2026-02-12/peacehealths-latest-round-of-layoffs-impact-skilled-caregivers-including-hospice-nurses

Where's the bottom. All was fine yesterday, but today begs to differ. What a bunch of clowns at the helm.

Expect a round of layoffs to happen two years after the last major round. The segment reorgs are resulting in doubled up upper management slots and they will just go away.

March or later?

It’s going to be a massive restructuring followed by years of downsizing as more and more customers move to inexpensive and better quality AI tools. They are trying to squeeze as much as possible out of the sales force in Q1 and Q2 before they have a big layoff.

What does this mean for the future of the company ? Down 11% YoY is a lot, and missed analysts forecast of $3.5bn.

Should we expect layoffs? And where would those occur ?

Most of the layoffs are not in the big rounds, but are happening in small, quiet batches. Combine that with demotions and people quitting, and we've lost so many without any fanfare. The total number of people gone has to be massive. It's a coward's way to downsize.

AT&T and Verizon cut 17,700 jobs in 2025, with AI in its infancy
US telco giants AT&T and Verizon cut another 7% of their combined headcount last year as their decade-old downsizing programs continued.
Picture of Iain Morris
Iain Morris, International Editor, Light Reading
February 3, 2026

Verizon CEO Dan Schulman has moved quickly to cut more jobs since taking charge last October. (SOURCE: JORDI BOIXAREU)
Among those who chronicle the relentless depletion of the telecom workforce, all eyes were on Verizon and new boss Dan Schulman, who entered his new office in October and immediately erected a makeshift guillotine, promising the US telco's glum investors that 13,000 heads would soon roll. When results were published last week, as reported by Light Reading, they showed that 10,300 jobs had been cut from the total in the final three months of the year, leaving Verizon with 89,900 employees on New Year's Eve.

But across the whole year, there was almost as much carnage at close rival AT&T, which avoided the same scrutiny. For the first time in ages, Verizon's workforce grew slightly in early 2025 before Schulman replaced Hans Vestberg as CEO and launched his program of layoffs. This meant the net reduction in headcount for the full year was 9,700, according to Verizon's financial statements. Over the same period, AT&T eliminated about 8,000 jobs, finishing the year with 133,000 employees.

That total net loss of 17,700 jobs at AT&T and Verizon was equal to about 7% of the combined workforce at the end of 2024. This would not look so troubling for people in the US telecom sector had 2025 been a year in isolation, when operators were responding to short-term business hardship. Yet neither company suffered a collapse in sales or similar financial calamity, even if results were underwhelming.

AT&T's revenues increased by about 2.7% last year, to $125.6 billion. Verizon's were up 2.5%, to $138.2 billion. Those are uninspiring gains that just about mirror the US rate of inflation. Still to report its full-year results, T-Mobile US managed year-over-year sales growth of 7.5% for the first nine months of 2025.

The axman cometh

Sadly, last year's job losses were not an isolated event but the continuation of a decade-old trend that has gutted the telco workforce. At its high point for staff numbers in 2017, AT&T employed as many as 280,000 people, including those it would acquire with its $85 billion takeover of Time Warner. Around 147,000 jobs have subsequently disappeared, showing the workforce has more than halved in just eight years.

Much of this shrinkage was blamed on AT&T's ignominious retreat from a TV market that former CEO Randall Stephenson had judged critical to future growth. Eventually divested and now part of Warner Bros. Discovery, Time Warner proved to be one of the most disastrous deals in corporate history. AT&T's share price dropped more than a third during Stephenson's tenure between 2007 and 2020, although that didn't stop him from pocketing about $29 million in total compensation for his final year in charge.

AT&T's headcount, meanwhile, has continued to shrink. Since the end of 2022, the year it completed its Time Warner divestment, the operator has shed almost 30,000 jobs. There has been a similarly dramatic offloading of employees at Verizon. In 2017, it employed 155,400 people, some 65,400 more than the current total. Together, the two big telcos have slashed 212,500 jobs over this period, making them half the size they were less than ten years ago.

Inevitably, there is talk of automation and AI as factors in this downsizing. Predictive maintenance has reduced the need for truck rolls to repair faulty equipment. Much of what previously required an engineer's touch can now be handled by software programs running at underpopulated network operations centers. Even the most primitive chatbot seems likely to have had some impact on customer service roles. Retail jobs have been affected by the consumer preference for shopping online.

Nevertheless, what most people including senior telecom executives now mean when they say AI is the mutation that emerged with ChatGPT in late 2022. The companies today seen as integral to AI were attracting relatively little interest until that moment. Nvidia's share price fell about 46% in 2022 and was worth less than 8% of its current value at the end of the year. CEO Jensen Huang and other AI evangelists are now desperately trying to popularize the concept of artificial general intelligence (AGI), when machines are supposedly equal to or smarter than humans. Physical AI, describing intelligent robots, is the latest expression to seep from technology into telecom. The bosses of both Ericsson and Nokia have already used it this year.

What's unsettling for the average telco employee is that so many jobs were evidently superfluous even before the age of ChatGPT. Last year, Verizon generated $12.2 billion more in annual sales than it did in 2017 with about 60% of the workforce that it had back then. Accordingly, its annual revenues per employee have surged from around $811,000 to more than $1,537,000 over this period. AT&T's annual sales have fallen by nearly $35 billion in this timeframe, following its exit from some markets. But its headcount has clearly dropped at a much steeper rate. Its own revenues per employee rose from about $573,000 in 2017 to almost $945,000 last year.

One school of thought is that telcos have trimmed as much fat as they can. In much leaner shape, they will have to look to other areas outside the workforce for any future savings. Verizon, interestingly, has said it will reduce capital expenditure from about $17 billion in 2025 to between $16 billion and $16.5 billion this year. That is potentially bad news for suppliers such as Ericsson and Samsung, the vendors chiefly responsible for its 5G network, but perhaps not so worrying for employees.

Yet AI will be a major disappointment to investors if it does not allow operators to cut costs, grow sales or both. And meaningful sales growth seems unlikely. Customers pay operators for connectivity, not for the application it supports. They are probably not going to spend any more on connecting to an AI app than they would to watch YouTube or play games. At best, AI might help operators to tailor services for specific customers, improving loyalty and reducing churn.

The fear among employees will be that AI or AGI ultimately allows telcos to continue serving their millions of customers with just a skeleton crew, a small fraction of today's workforce. Software that writes software would seem to put many of today's desk-bound jobs in danger. With the arrival of physical AI, robots, not humans, might one day be scaling masts and digging trenches to repair or install equipment.

Regardless, for all the job cuts so far, profitability has not dramatically improved within numerous telcos. Verizon's adjusted margin for earnings (before interest, tax, depreciation and amortization), a preferred telco measure, was 36.2% last year, the same figure it reported for 2018.

Industry-wide operating costs have also remained stubbornly high in recent years. "Global opex only decreased by 0.2% in 2024, making us question if years of automation and, recently, developments in artificial intelligence are in real terms having any significant impact in telecom efficiency gains," said Dario Talmesio, global research director at Omdia (a Light Reading sister company), referring to a tracker that monitors opex levels across the telco industry.

Layoffs can initially be expensive, and some operators have resorted to heavier reliance on contractors as they have cut internal jobs, offsetting some of what they might save on staff wages. Labor costs, of course, also account for only a share of total operating expenses, previously reckoned by Moody's, the ratings agency, to be about 25% for the average European telco. Even a 10% reduction in staff numbers is likely to have only a minor effect on margins. But with so little prospect of sales growth, operators are eking out whatever gains they can.

https://www.lightreading.com/ai-machine-learning/at-t-and-verizon-cut-17-700-jobs-in-2025-with-ai-in-its-infancy

I believe in an effort to reduce costs they have now sold the offices to another company.
Whilst the office space was always too large, despite grand plans from the management team, selling and reducing footprint certainly sounds like a desperate measure. At least that’s what our competitors are saying to the customers.
Mono sales and team shrinking due to strong competition, beginning of the end before someone buys them.

Layoffs have started at LnW. Should be minimal at this point.

Preparations are underway getting Supervisors and contractors ready to step in if Unifor Local 975 Strikes as contract ended Dec 31 2025.

Crazy if they do as will give company more reasons to downsize Union Workers.

I am hearing rumor from reliable sources that CIB and CIB Risk will be huge this coming Tuesday.

Anyone have insight.

https://variety.com/2026/tv/news/cbs-evening-news-buyouts-bari-weiss-tony-dokoupil-1236643552/