#headcount

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Bad Earnings Call - Buckle Up

My takeaways - our fearless CEO is just fine if a lot of us quite due to frustration. Major headcount and locations closures coming - call "location optimization" on the call

Leadership seemed to be working overtime to put any negative outcomes on legacy MRC business and the bulk of the positives on the DNOW side


We have now dropped to 58,000 regular employees at the end of 2025

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


This is the first time in a LONG time where nobody is talking about layoff rumors...

Which is interesting...

Considering the fact that there are typically a LOT of layoff "rumors" in this forum fairly consistently. Especially in the August/September and February times when dell has historically laid off large bulks of folks.

Yes, they layoff year round but we all know that already. I'm sure some orgs/groups are or have been hit but at a far smaller scale than typical - at least this time of year anyways.

I have to wonder if they have finally hit their "headcount" number and the large layoffs are finally done...

Or, maybe because Project Maveric is failing and was pushed back a quarter - which 100% will be pushed back again LOL

Or, maybe because Project Casino is argueably MORE important than maverick... Casino is not NDA but trust me, it's IMPO is far more vital than Maverick. Maverick is important but I think they are realizing that it's already failing lol...

Or, is it because the stock market is doing well or stock prices are better? idfk

It's just interesting how nobody is reporting in about layoffs right now.


The Math isn't Mathing

4Q24 Report
As of December 31, 2024, we employed approximately 70,000 full-time and part-time employees, including network, retail, administrative and customer support functions.
4Q25 Report
As of December 31, 2025, we employed approximately 75,000 full-time and part-time employees, including network, retail, administrative and customer support functions.

So an increase of 5K employees YOY, even though they spent $390 million in 4Q25 to "...streamline operations by centralizing leaders and teams, reducing organizational layers, and eliminating duplicative roles..." and plan on "...remaining costs of approximately $150 million expected to be substantially incurred by the end of the first quarter of 2026. "

So I guess we have to wait until 4Q2026 report to understand how many employees are affected by a net cost $540 Million?


Does anyone definitively know why TCS jobs got cut?

Since January, on all of my calls, it's really obvious people are burned out and complaining that there's so much work and not enough people. I am wondering if management just wants everyone to resign to be able to reduce headcount. And then what? It's people in the bottom doing most things. I've been on calls where people were just dependent on this one singular person doing all the stuff. What if he goes? At this point I am doubtful that this is even part of their decision-making process.


Headcount is the inverse of stock price

May is going to be brutal. Especially for long tenured employees. George has hitched the wagon to the AI bubble which is in the process of deflating. If only we had invested in innovation instead of claiming NFS is a foundational technology for AI. Management only cares about the stock price.


Interesting Point

Citi’s stated goal of reducing headcount from roughly 240,000 in 2022 to about 180,000 by 2026 cannot be reconciled with the headline figure of ~20,000 layoffs. Even allowing for normal attrition and divestitures, the numbers imply that a far larger reduction is occurring off-headline—through hiring freezes, role eliminations via restructuring, automation, and business exits—suggesting the “20,000” figure significantly understates the true scale of workforce contraction.


Why loyalty is lost and frustration runs high

Root Causes:

  1. Forced ranking
  2. PIP % goals to reduce headcount
  3. Sponsorship and false high ranking of sponsored id--ts
  4. Continued degradation of employee treatment and reduced benefits
  5. PIPing competent 50+ HC10 employees to replace with low cost/low quality 3rd world cheap labor
  6. All productive work only happens so can put on PDS to avoid PIP

Results:

  1. Loyalty approaching zero
  2. Pride in EM already zero
  3. Employees treat each other like competitors hoping to avoid the PIP
  4. Teamwork only occurs if employees think their contributions will look good on PDS
  5. Supervisors and coworkers constantly and falsely claim successes of others on their PDS
  6. Most employees advise college graduates not to interview with EM
  7. Sponsored id--ts given easiest assignments for very short durations, and transferred at the slightest indication their stupidity will be traceable to them. Leads to dangerous false confidence, zero skills attained, and inflated arrogance.

Bumping it up so it’s not lost in replies. This deserves its own thread. OP: @cq+1kcsvj34s


Brian Evanko - "Expect lower headcount in 20026 that what Cigna has today"

With 3+ years of layoffs, Voluntary Retirement packages, offshoring of headcount, and sale of Medicare business and headcount, how possible can Cigna cut deeper in 2026 while continuing to invest in healthcare transformation, care delivery quality, and technology? Math does not add up.


Personnel challenges faced by AT&T

This Forum reflects the need for significant headcount reductions in 2026. We struggle with any decision for increased investment while AT&T continues to retain these bad seeds. They tarnish the value of your Product. AT&T could have a bright future if the tougher decisions are made to prevent further decline.


One plus One = One

1 + 1 =1 With the recent reductions, the headcount will be replaced with Frontier workforce in the next three months. So the employee size of Vz will be very similar for the next year or two. Maybe, a few a Frontier’s leaders will become major Verizon executives. These types of reductions have been occurring with all major Verizon takeover transactions over the past decades.


Upcoming Quarter

Next Quarter
So, there's a lot going on here… Q3 and we're revving up for Q4… and we're preparing preparing for Q1. you know we have our eyes on the following Q2 and Q3 that comes after that and then that pivotal Q4 kind of ramping out to 2027… pivotal Q1, until 2027 Q2, followed by that Q3 and the Q4, kind of going into 2028 Q1. so there's a lot that we are kind of like laddering up there's a lot, kind of going over and we're gonna make sure that we kind of like we are not boiling the ocean or jumping shark next quarter. Upcoming quarter, also, headcount rebalancing. And talent retention.