#layoffs

I’m hoping our team is next. Seriously our team serves no purpose to be fair. It could be done by other departments or really just an automation in the system. It’s not survival it’s just the truth. Not sure why they even made this team as it doesn’t even make sense. Literally here collecting until the end because it pays something while looking elsewhere.

AES has been acquired by BlackRock and will become a private company as part of the consortium. As a result, corporate policies and governance frameworks are expected to be reviewed and revised to align with the new ownership structure.

The existing severance or “poison pill” arrangements will apply only to Senior Leadership Team (SLT) members. Regular employees affected by the acquisition may not have the same level of defined protection, and further clarity will be needed regarding transition support.

The service organization is expected to undergo restructuring and may potentially be dismantled in order to drive efficiencies and leverage the holding company’s existing processes and infrastructure.

Operational independence will be established, with each entity managed individually under the new structure.

As a private company, AES will no longer be subject to public company reporting requirements. Financial management and oversight will operate under a different governance model, with reduced regulatory burden and streamlined processes compared to public market standards.

Why is no one talking about how stock together was removed without notice or a heads up. Make sure your paying attention to your 3% raises, ST is gone.

Mike you can blame Frank all you want but $62 is on you buddy! You were a rookie who was unprepared and you destroyed $100B in Market Cap! Congratulations on holding the that record, surely puts you in the top 5 of worst CEOs ever! By the way why is Chris Foskett still here riding around on the jet! The guy does nothing. What big account has he brought on in three years. As Revenue head he has lost a ton of business in last two years.

Did you know that United is licensing AI software from Amazon? This software allows call center representatives in other countries to speak, and it alters the tonality and accent of the voice. This is to prevent American citizens from knowing they are speaking with a representative overseas.

The AI takeover to move jobs overseas is already happening. You just don’t know it yet.

I’d like to know the logic upper mgmt and the executive committee has about letting go of good tenured staff for bullsh-t reasons such as wfh status they caused while thinking the company will benefit greatly from staff and mgrs who cant do sh-t and dont know sh-t? The level of stupidity up top is embarrassing. The company has gone down jill drastically since Robin stepped in. No way people outside this company dont know this

Biggest ever

Tamalpais Union High School District trustees approved $2.2 million in staff cuts. This decision was made due to declining enrollment and a budget deficit. Preliminary warning notices were sent to over 11 certificated and 13 classified employees. The district must align staffing with enrollment to maintain financial reserves. Final layoff decisions are scheduled for May 14.

https://www.marinij.com/2026/02/28/tam-union-school-district-approves-2-2m-in-preliminary-layoffs/amp/

Paramount is acquiring Warner Bros. Discovery in a major deal. The acquisition is valued at $111 billion. This merger is expected to result in thousands of layoffs. Paramount identified $6 billion in cost synergies. The deal is projected to close in fall 2026.

https://www.avclub.com/warner-bros-paramount-deal-layoffs-110-billion

Q1 is bad, really bad. GCC plans messed up bigly. Hope the customers have alternative currency to go to.

Time for a cool sharp , remember that advert?

L3H software personnel are going to have a RIF and be replaced by AI by the end of 2026.
Take the warning and do something to secure yourself and your financial future, be that move to a better company, vote the union in, or whatever other steps you can take and do this immediately.
https://youtu.be/oU11PttL90I

The San Marcos Unified School District board considered staff reductions. The district faces a $10 to $11 million budget deficit next year. A proposal to reduce elementary school librarians' hours was blocked. However, layoff notices were approved for about 17 teachers, social workers, and counselors. District leaders anticipate further cuts in the coming years due to declining enrollment and rising costs.

https://www.kpbs.org/news/education/2026/02/27/san-marcos-school-board-considers-layoffs-amid-falling-enrollment-higher-costs

https://www.advisorhub.com/layoffs-hit-citi-jpmorgan-wells-fargo-and-lpl/

If you’re in tech all is not lost, gloom and doom and all that jazz. There are other companies out there outside of finance and banking that also use AD, exchange, sharepoint, SQL, firewalls, linux, unix, routers, switches, vm’s etc….

Citi is not the only company on the planet that ever uses these things.
Finance is not the only sector on the planet that ever uses these things.

Expand your job search as this ship is sinking. It’s always mystified me that people will job search with only the big banks and call it a day, “there’s nothing out there and I know that as I searched the big 3 banks and didn’t find anything. No use to look any further elsewhere. I guess I’m just stuck at Citi.”

Angi confirmed it is eliminating around 350 positions as part of a plan to cut operating expenses and optimize its structure. Officials said advancements in AI have helped enable the workforce reduction.

https://www.businessinsider.com/angi-layoffs-angies-list-cuts-350-jobs-ai-efficiency-gains-2026-1

The historic Stockyards Hotel and H3 Ranch in Fort Worth are closing temporarily. This action will result in 120 employee layoffs. The closures are due to extensive renovations planned for both businesses. Layoffs are expected to begin on April 6. The hotel and restaurant are part of a $30 million redevelopment project.

https://dallasexpress.com/tarrant/120-jobs-affected-stockyards-hotel-and-h3-ranch-to-close-temporarily/

Source: https//www.sdxcentral.com

Verizon CEO Dan Schulman - Verizon
…And if you can’t “imagine,” Verizon CFO Tony Skiadas provided more clarity.

“Noncore areas that are not aligned to growth, including legacy areas, are being significantly reduced and/or eliminated, and that includes areas such as business wireline, nondirectional products, technology as well, wholesale, legacy copper, and voice platforms, and even projects with too long of a payback,” Skiadas explained.

Verizon’s management noted that it will instead invest in its mobile and broadband offerings.

Job cuts continue
Verizon is also continuing to work through its extensive job cuts, which will quickly see the carrier slash 13,000 total jobs in short order.

Skiadas noted that Verizon slashed just over 10,000 jobs by the end of 2025, which pushed the carrier’s total employee base down to just under 90,000 total employees. Verizon plans to finish the latest culling by the end of March.

Those cuts were made official in November, with Verizon noting in a Securities and Exchange Commission (SEC) filing that it would take a severance charge of up to $1.8 billion during the current fourth quarter tied to the cuts. Verizon’s filing also noted that the carrier “expects that its cost reduction efforts will include a significant reduction in outsourced, contracted, and other outside labor expense.”

The job cuts were initiated by Schulman shortly after he assumed leadership last October.

First Brands Group is closing its western distribution center. This facility is located in Patterson, California. The closure will affect 98 workers. Layoffs are scheduled for April 4 and April 30. This action follows fraud accusations against the company's founder.

https://ca.news.yahoo.com/98-workers-stanislaus-county-face-020213695.html

Portland Public Schools faces a $10 million budget gap this school year. This deficit remains after the district already cut over $12 million. Administrators presented unions with two options: staff furloughs or layoffs. Furloughs could mean two unpaid days for all staff. Layoffs could impact at least 170 full-time positions by April.

https://www.opb.org/article/2026/02/27/portland-public-schools-furlough-layoffs/

Timberland Regional Library (TRL) is implementing major budget cuts and staff reductions. The Board of Trustees approved a $2.3 million budget adjustment. This plan includes $1.9 million in cuts to books and materials. Staff reduction measures were also approved, potentially affecting 30 to 50 positions. Layoff notices are scheduled to take effect on May 1.

https://chinookobserver.com/2026/03/01/trl-slashes-budget-plans-layoffs/

AOL is implementing job cuts. One hundred eight positions are affected. These reductions impact the Reston office. Bending Spoons acquired AOL. This acquisition led to the workforce changes.

AOL is implementing job cuts. One hundred eight positions are affected. These reductions impact the Reston office. Bending Spoons acquired AOL. This acquisition led to the workforce changes.

First Brands Group will close its western distribution center in Patterson. This closure will result in 98 job losses for workers. Ninety-one employees will be laid off on April 4. The remaining seven employees will lose their jobs on April 30. The company filed for Chapter 11 bankruptcy last September amid fraud accusations against former executives.

https://www.kcra.com/article/stanislaus-county-layoff-first-brands-group-closes-facility-patterson/70563533

Cost Shareholders minimum $150-$200 Billion.
T-Mobile
DTV
Time Warner
Lots of smaller potatoes as well in their shareholder evisceration stew.
Each of those two Dolt Headed CEO's will walk or have walked from their tenures with $250M each and all the perks.
Remember executive compensation is never linked to share price at ATT. Just metrics that are easily manipulated and massaged.

The new course on SAP Strategy is really inspiring. I love the presentation given by SS.

And there are no layoffs mentioned. Looks like we can all breathe freely this year.

I read that the corporate workforce was around 6,500, which felt surprisingly low for Walgreens. That figure was from 2021. What do you think the corporate headcount is now? Above or below 5,000? That still seems incredibly low to me.

Stay tuned

Layoffs 20% in next 3 months.

There aren’t going to be layoffs, that would actually solve a problem. Fidelity will not do that.

In 2025, Optum India is significantly expanding its footprint and innovation capabilities, highlighted by a new 500,000-square-foot office in Chennai and the launch of its first innovation center in Gurugram.

Because of pressure from the US administration, SAP stopped most DEI programs in 2025. And now, two. Executive Board members will “step down” or “not renew contracts”.

Gina is a woman and was compassionate towards trans employees so she’s gone. We will not see a female executive board member for a long long time.

Alam is a person of color and not a Christian. He is gone as well. We will not see a person of color or a non-Christian in the executive board anytime soon.

In any case, LGBT members never make it to important positions within SAP so we won’t see them in the executive board either.

They needed Gina only to bring performance management and destroy most of the employee benefits. And they needed Alam to initiate multiple reorganizations after Juergen Müller was given the boot.

What changes do you think will happen in teams now? Will they only consider white Christian males for leadership roles from now on? And what about LGBT employees? Is SAP starting a program to remove all migrant employees in Germany? The demands from the US administration are pretty straightforward and the SAP board has done nothing but comply.

Does anyone have any information on upcoming RIF or VSP? Please share what you know.

Are we looking at more cuts, or finally a break?

Assume the worst, regardless of what you're told. Layoffs might be over, but don't act like it. This is my second takeover. The first was a nightmare, for me and the company. I'm lining up options and staying ready. Things can go sideways in an instant, with no notice at all.

Everyone's saying it'll be more than the 5% they mentioned, but nobody seems to have details. At least I haven't heard anything concrete.

Most definitely not here. They treat us worse than disposable, and that's already rock bottom. Don't fall for the pay, the promises, or the fear tactics. Your odds of being let go soon after moving are way higher than the move ever working out.

It's nearly impossible to keep up with the workload. My team lost more people in the latest round. Does anyone actually consider whether teams can still function when making these cuts? Sure doesn't feel like it.

Rumors are flying about cuts tied to the reorg, but I've got nothing solid. Some layoffs make sense with any reorganization, but folks are talking about a big round. If you know something real, please share.

No one's even pretending to steer anymore. Just managed decline, slow and steady. Layoffs forever, now reaching offshore too. There's hardly any core left, both among employees and leadership, that could pull off a turnaround, if that was ever the plan. Am I off base here?

From what I gather, these are standalone, triggered by the steep drop in Gardasil sales. Given where things are headed, I'm worried we'll see more layoffs beyond the announced targets. It's terrifying, really, especially with the industry-wide contraction in jobs.