#layoffs

Nothing to really look forward to in 2026. You will have a company looking to layoff all year and Dell financials will look to suffer in tightening margin pressures against Dell. Ho Ho Ho Merry XMAS

Xerox to Close Ireland Toner Manufacturing Plant by End of 2025. (Where did you hear this?)

other than more layoffs and enriching his wealth in his own startup investments?

This has all of the signs of getting primed to find a buyer. Shed thousands upon thousands of highly compensated employees with 20+ years of tenure. No rhyme or reason to the ones chosen other than they are too costly to the bottom line. Not looking at the individual persons to see what value they bring to the organization; just treating them as nothing more than a line item on a spreadsheet. Welcome to the new Corporate America. Shareholders are the most important people; no longer the customer (internal or external).
Remember when they used to say "our employees are our greatest asset." Well, they don't say that anymore. They finally realized people are not assets, because they don't own them. People are free to take their talents elsewhere. You also don't layoff assets. People should never be treated like tangible objects.
After the 13K depart, try and make sense of a wounded and abandoned organization that's left with huge holes. Good luck to the ones that are left behind to clean up the mess. Try and pick up the pieces and keep your head above water until you can find the right buyer.
Your largest expense is employee payroll. Shed as much as you possibly can to attract the right buyer.
Just my two cents (pun intended).

I see that the new chair and interim CEO align well with BP's legacy of stupid decisions, which are communicated in the worst possible manner.

I wonder why do they hate the employees so much? To drop such news on Christmas Eve - they have no shame.

For Castrol's employees that only brings more uncertainty. Had we stayed with BP - we would know what's coming. Had they sold us 100% - we would know what's coming, just ask Chat GPT about the previous acquisitions, and you can resonably deduce what might happen.

But this partial sell/joint venture? What a f... mess. It's gonna be organizational nightmare. And yet another reorg and structural changes for Castrol's employees.

(To any members of LT that might be reading this: HONESTLY, WE JUST WANNA DO OUR JOBS AND GET PAID FOR IT. JUST LEAVE US ALONE - 6 YEARS OF CONSTANT STUPID CHANGES IS ENOUGH - AND LET US DO OUR JOBS)

I would bet my yearly salary that in years to follow this will be regarded as yet another failure.

Just look at how the market reacted. ZERO movement. the price after announcement is exactly the same as it was before.

There are usually layoffs in the first quarter of the year. Should we be expecting it this year as well?

I should be excited about the holiday, but I can't stop worrying. Knowing more layoffs are coming, knowing they could announce them any day now… It's hard to feel any festive spirit when you're waiting for that kind of news. This whole situation just feels so wrong.

This year’s job market has taken a hit across industries, as higher retail costs led to weaker consumer demand and concerns continued to mount over how artificial intelligence will affect future job creation.

Looking closer at the U.S. Department of Labor’s most recent jobs report in November, the overall economy created 64,000 jobs last month, while unemployment rose to 4.6 percent its highest level since September 2021.

As for footwear, some companies were not so fortunate this year, having to resort to saving their bottom lines by cutting staff. As FN looks back on the year, here are the seven biggest footwear layoffs of 2025.

• Puma Eliminates 900 Positions After Q3 Results
  Puma said in October that it is planning to reduce its “white collar” workforce by 900 positions as part of its third quarter earnings release.

The reduction comes on top of 500 jobs cut in March and means the company will have slashed around 20 percent of its corporate workforce this year.

The cuts come as the German activewear firm blamed a strategic “reset” as it navigates “several company-specific challenges, including muted brand momentum, elevated inventory levels across the trade and low quality of distribution.”

Measures taken so far, including stock take backs and reduced promotional activity, impacted Puma’s performance in the third quarter, both at wholesale and in its own stores and online sales, the company explained.

• Nike Makes a New Round of Corporate Layoffs
  In August, Nike disclosed a new round of layoffs, this time impacting its corporate team.

The move comes after president and chief executive officer Elliott Hill raised the possibility of layoffs in June during Nike’s earnings report for the fourth quarter of fiscal 2025.

Nike told Footwear News that 1 percent of its corporate employees will be let go. An email from the company’s leadership team informed employees of the realignment.

“Change can be difficult. It can also be what sharpens the edge, aligns the team and sets up the win,” the email, signed by Hill and members of the senior leadership team, said. “And the ‘W’ is ours to take, embracing an athlete mindset that leads with passion, commitment and determination.”

• Vans Owner VF Corp. Has Rounds of Cuts
  In May, a VF Corp. representative affirmed the news that the company has made further job cuts. “Over the past few months, VF has been working to reorganize select commercial functions globally, as part of the company’s ongoing business turnaround,” the rep’s statement said.

The rep also noted that the reorganization has impacted approximately 400 employees globally, across VF’s brands and throughout the Americas, Europe, Asia regions.

The round of layoffs in May come a few months after VF announced further job cuts in new “reorganization” efforts back in January. At the time, the company did not confirm the total number of employees that were affected.

• Adidas CEO Confirms Company Will Cut 500 ‘Obsolete’ Jobs
  Adidas chief executive officer Bjørn Gulden confirmed in March that the sports company will eliminate 500 roles.

On the company’s fourth quarter earnings call with analysts, Gulden said that these roles are “obsolete” after undergoing a strategic review to simplify operations at Adidas’ Herzogenaurach, Germany, headquarters. Adidas has around 62,000 employees around the globe, Gulden noted on the call.

This confirmation comes after an Adidas representative told FN in January that Adidas was looking into cutting jobs. The rep told FN that these cuts were are not part of a cost savings program but instead are aimed at “reducing complexity and ensure sustainable success in the future.”

• Clarks Sheds Over 1,200 Jobs
  In July, Clarks revealed in a Companies House filing that it reduced its workforce by over 1,200 employees in fiscal 2024.

The filing noted that it ended fiscal 2024 with 6,161 employees, down from 7,413 in fiscal 2023. It also stated that approximately 220 of those eliminated roles were global corporate positions.

In a statement sent to FN in July, a Clarks representative said that 2024 was “a year of challenging market conditions which had an impact on global performance.”

• UK Footwear Retailer Schuh Makes Cuts
  In January, Schuh managing director Colin Temple said in a statement that the UK-based footwear retailer would implement a new round of layoffs.

“At Schuh, our people have and always will be our most important asset,” Temple said in a statement sent to FN at the time. “Due to ongoing challenging economic conditions and rising costs, we have made the difficult decision to restructure our business. We are going through a voluntary redundancy process in some areas of business.”

While the exact number of employees affected by these cuts are unknown, Temple added that he will not be commenting any further “in the interest of respecting our employees during this time.”

REI Co-op Shutters Its Experiences Business After Nearly 40 Years
After nearly 40 years, REI Co-op shuttered its Experiences adventure travel business in January. With this move, 428 employees — including 180 people in full-time roles and 248 part-time guides — will be laid off.

“We have gone through many iterations and have explored multiple options to keep this business up and running to preserve jobs. We’ve held out as long as possible, but the fact remains that Experiences is an unprofitable business for the co-op, and we must adjust course,” REI chief executive officer Eric Artz said in a note to employees that was shared with FN.

The people who could actually make a difference are the ones being let go, while executives keep making the same mistakes and rewarding themselves. The board should be stepping in, but it feels like no one’s paying attention. It’s exhausting to watch a company with so much potential get mishandled over and over.

As the former employee I could only to sum up that in 2025 O was the saddest place to work through the years.
Happy Holidays to you guys!

Will the company survive another year ? And if so, how many employees will it have

2 years later and massive reduction, there are still layers to be cut in sales, SE, TAM managers and directors. Most of them don't step out of office to engage customers because they can't. The ones in APJ are good example. Glad the SE boss gone back to his country.

The Christmas season is coming to an end. The Valentines Aisle is to be set in full in less than 3 weeks. Who do you think, at store level, is going to be laid off first? High paid SMs, high tier SMs, Hourly or Salary ESMs, IS or ISL, lessen the SFLs, the rest of the BCs, or RXOMs?

Schools have already been notified of how much they will have to cut from their budgets. The cuts will go into effect starting in August.

LAUSD officials in June had predicted a $1.6 billion deficit for the 2027-28 school year. But an updated version of the budget approved by the board last week eliminates the deficit by using reserve funds plus cost-cutting measures over the next two years.

https://www.the74million.org/article/layoffs-cuts-and-closures-are-coming-to-lausd-schools-as-district-confronts-budget-shortfalls/

There was a time when partaking in the ESPP was a no-brainer. An immediate and minimum profit of 15% off the lower of the two semi annual corporate purchase opps. Those days are long gone. An employee comp perk that is no longer. Options are a close second in complete failure. The market is always a risk but nike stock has become one of the worst investments one can make (going back at least 3-4 years) and with no end in sight. Sad to be a shareholder. And to be an employee who relied on these benefits as part of their overall comp package.

I worked at National Oilwell Varco for nearly three years and gave far more than was ever asked of me. I consistently worked overtime, stepped up whenever needed, and sacrificed my own time to support the company. That dedication meant absolutely nothing in the end. There is no real path for growth here—no clear outline for advancement, no meaningful raises, and no incentive to actually perform at a higher level. Unless you are part of the “good ol’ boy” club, you will remain stuck in the same position indefinitely while promotions are handed out based on favoritism instead of merit.

I was passed up for a promotion in favor of someone who left the company for an extended period of time and was simply allowed to come back and leapfrog others who had stayed loyal and continued to carry the workload. When layoffs came, the decision was not based on skill, value, or contribution, but on a so-called “totem pole” system. This is especially insulting considering I was part of a very small team and knew how to do everyone’s job, making me far more valuable than others who were retained.

To make matters worse, the company chose to lay off someone who showed up every single day, never abused time off, and consistently did the work, while keeping employees who regularly burned through PTO, had attendance problems, and had even been written up for not showing up. That decision alone speaks volumes about how NOV truly operates.

National Oilwell Varco does not live up to the values it proudly claims to stand for. Loyalty, hard work, and accountability are clearly not rewarded here. Instead, favoritism and internal politics determine who moves forward and who gets pushed out. I genuinely hope the company collapses or is completely sold off to another organization that actually values its employees and operates with integrity—because in its current state, NOV does not deserve the people who give their time and effort to it.

J.C.Penney property sale falls thru, according to Retail Dive, now what?

Numbers will be revealed in the first quarter of ’26.

Why was the post about Partner Success departure deleted? Hit a nerve?!

MCO bids for 2027 went out recently. Any word about whether or not BCBS will be losing their contract with the Healthchoice Illinois program? The plan has been underperforming in a lot of metrics compared to the other MCOs. Wondering if I need to be looking to avoid future unemployment...

C-Suite is quietly looking to sell of re-purpose the Marshall MI site. What a huge mess! DF wrecked the local community economy. Would be a good location though for an Amazon DC.

About time. Business has been awful, strategy is non-existent, and products in the toilet. Sounds about right for someone to scoop up for $2B (overpriced)

Why is nobody adding up the recent $19.5 and the previous $10B FNV4 fiasco? And a good man like Hinrichs was let go?

Don’t know if anyone has seen the videos but there’s a big potential criminal case forming against PayPal and their subsidiary honey for multiple charges in more than 20+ class action lawsuits. Honey was acquired by PayPal in 2019/2020 for $4 billion when Schulman was still CEO. Investigative journalists have brought to light dirt on both sides primarily due to Honeys practices which now trickle under the PayPal umbrella/leadership.

Do you think this potentially is the reason some higher ups at PayPal are getting a free ticket out and coming here in case any action gets taken against PayPal? Does this question the new leadership at VZ?

seems counter-intuitive?

So apparently the top 4 execs have received extensions of compensation agreements that would pay them through 2029 in the event of separation or acquisition, yet everybody else is being offered what? Three Months? Nothing to see here, move on. Remember we're an *All Weather Team". https://www.tipranks.com/news/company-announcements/cdw-expands-credit-facility-and-renews-executive-protections

Looking into 2026, there is alot of chatter around yet another sales reorganization, one that is more aggressive and drastic than any we have seen in prior years. Look back at the investments that have been made in both New Brunswick inside sales in addition to the Texas based inside sales offices - neither are by accident.
I've heard a few different "values", but what's consistent is the message that more customer relationships will be moving to both the Canada and Texas inside teams, with only customers billing in excess of $75,000 annually ($6,000 monthly) staying in the field.
I don't have specific insight into what this means regarding manpower , but common sense would quickly say that there is a large reduction coming into the sales organization - reps, managers, and specialists.

Is anyone else hearing anything more on this topic?

We have like a crazy amount of Job Postings this past couple of weeks. Why would there be this much if they have layoffs in early January.

In a surprising move, our CEO has appointed a new hotshot CFO with a global business background, replacing a seasoned executive with years of experience at MPC and MPLX. This change could be a response to performance concerns or may signal a significant shift in company strategic direction. If the latter is true, it raises the question: Could more long-standing MPC/MPLX employees face a similar fate in 2026?

VMware didn’t need all of those employees and Broadcom runs VMware with more efficiency and profitability than most of you thought was possible.

First, I asked my supervisor and HR and no clear answer so I am asking here as many of you got severance. Does the payment come on normal pay cycle (6th, 21st), I was surplused in November and no check yet, I got denied unemployment because Company listed I got severance but nothing yet, bad time of year to have no pay, severance would help, job searching tough. Appreciate any input

Way too many woe is me post, I never saw it coming posts and how can they do this posts.

What world do you live in where a company has your best interest at heart?
Let’s level set. Citi has never cared about their employees, its all about the bucks.
Citi never takes into account your feelings on no promotions, no raises, no bonus’s or layoffs. It’s about the number and perception. How does it look to the shareholders is all that matters.

Quit acting all shocked and surprised if you get the axe. Always assume that you WILL be let go, its just a matter of time. This puts things into perspective and helps you prepare.
It’s just a job guys. Its not a religion. Its unwise to bank (play on words) your whole future on always working here forever or I’ll always be getting a raise. Just remember, they could care less about you. You are a commodity, an asset to be used and discarded at will. By Citi’s own actions, you’d think you’d have caught on by now and have realized this.

Glad to see changes . About time we made an extreme pivot.

1. 56 percent DEI
2. Failed macro strategy of increasing price plans when post covid people has lesser disposable income.
   3.Blanket outsourcing without thinking
3. Open checkbook on failed investments without strategic direction
4. Failure of chief revenue officers to create organic revenue for the last decade . A
   Few were let go after warming seats for a decade.
5. Incapable of lobbying with FCC for negotiating on spectrum auctions resulting in paying premium that put VZ in further debt .
6. Hibernating chief strategy officer. Does anyone remember the name.

Will they shut both the fuel pad and locomotive shop or just the shop?

Spread it. Ahole toxic bully is looking to come back here.
My husband's friend works at Korn Ferry. Apparently Seth met with them. He seemed desperate to find his way back into PepsiCo.

Holy he-l. Just when you thought it can't get worse, we hear this awful rumor.

You know how they say “it’s a blessing in disguise”? That’s what a layoff at Dell is. It’s a blessing actually.
If you want actual work, growth, no-nonsense culture, it’s better to run away from Dell.
Recently I joined a new company after my layoff and I am so happy with my work now. I actually have some growth opportunity .

AI can be very helpful if used correctly. Lot of talk that it can replace human workers. That is absolute garbage.

AI helps you do your job better. I am choosing words carefully and not saying faster. Before AI, it was hard to achieve required quality in given amount of time to complete tasks. Now with AI, you have an opportunity. You can and should still take as long as you were but use AI to achieve the quality. With AI, you have to use lot of review/refinement cycles to get to desired quality. It takes time but you can achieve really good quality deliverables.

So I say layoffs based on thinking AI will replace humans will just sink the company. But the new year is on the way and talks about 50% or 70% layoffs are surfacing. I say if they don’t think it through carefully they are highly likely to sink the sinking ship faster than fixing it. The company they paid $10 billion for, may just become 3 billion with 70% layoffs.

Should I decline my svp to Dir promotion due to layoffs ? Heard large # of MDs and Ds are on the chopping block.