#layoffs

Since the layoff conversations last week, I’ve noticed my coworkers have been extremely quiet/distant. I get it, life does go on and no one owes me anything, but I find it interesting and eye opening. Happy for everyone who survived (this round), cheering for anyone impacted. We’ll get through this.

VZ just announced cut 20% management or 13k to save 1B .

We hear about layoffs on this thread but we usually don't know which division they're in.

"Division Names Within Optum Insight
Here are the specific names of the major divisions within Optum Insight:
Optum Analytics
Optum Consulting
Optum Technology Solutions
Optum Clinical Services
Optum Market Access
Optum Value-Based Solutions
Each of these divisions focuses on distinct areas within the health care landscape, aiming to improve efficiency, quality of care, and patient outcomes."

Since much of the maintenance on the network has been turned over to contractors, I wonder how much longer will VZW’s Field Assurance Engineers (aka cell tech’s) last before they are caught up in the next round of layoff’s? Lots of long term employees with little to do….

SAP is currently facing a very unstable situation.

We are already witnessing this with HP and several other major companies.

https://www.cnbc.com/2025/11/25/hp-inc-shares-fall-as-company-says-it-will-cut-up-to-6000-employees.html

Despite significant layoffs and reductions in their operating costs, HP's stock has declined. Investors clearly perceive a lack of a solid plan to enhance profits, which has diminished shareholder confidence.

The SAP executive board is convinced that layoffs and dividends will elevate the stock price, but this approach will not work. Shareholders are not interested in quick returns through dividends; they want to see a comprehensive plan from SAP and increased investments rather than more layoffs. P23 has already demonstrated that layoffs are costly and do not significantly reduce operating expenses. The stock price began to drop sharply after the announcement of regular layoffs and superficial measures.

The only viable solution is to dismiss most of the board and develop a genuine strategy. However, supervisory board members who are attempting to hold the executive board accountable are already facing pressure and being urged to resign. Just as we witnessed half of the Betriebsrat depart during the recent layoffs, we can expect most supervisory board members to take a lucrative deal and exit.

Consequently, layoffs will persist. The stock price will continue to decline. The executive board will receive their largest bonuses ever, while leaving no budget for employee salary increases or bonuses. They will penalize employees because the workforce is too intimidated to advocate for themselves.

The Verizon Split: A ServCo/NetCo Divorce Threatened by an Outsourcing Anchor
Verizon's strategic push to separate its core business into two entities—a customer-facing ServCo and a network-operating NetCo—is a widely publicized move aimed at unlocking significant shareholder value and slashing $10 billion in operating expenses (OpEx). While structurally sound in theory, internal echoes suggest the entire separation plan is at risk of being operational chaos due to a critical pre-existing flaw: the poorly performing $2.1 billion Managed Network Services (MNS) contract with HCLTech (HCL).
This separation is not a fresh start; it is a complex IT and process de-integration effort that is being attempted while a core operational function is under external distress.
(....)

1. Amplified Operational Chaos in the Split
   The HCL underperformance is an anchor dragging down the separation process itself:
   Increased IT Migration Costs: A structural split necessitates the clean de-coupling of legacy IT systems. If HCL manages key operational platforms (e.g., MNS systems) but lacks sufficient documentation or operational control, the process of separating and replicating those systems between the new ServCo and NetCo becomes slower, more complex, and pushes the one-time separation cost (estimated at ∼$1-2 billion) higher.
   A Crippled ServCo: The new ServCo requires a seamless hand-off to HCL for its post-sale support model. If this model is already shaky, ServCo’s initial business processes—built on this flawed assumption—will be unstable. This handicaps the ServCo’s agility and customer experience from its first day of independent operation.
2. Workforce Strategy and the Risk of "Brain Drain"
   For the remaining workforce, the situation is characterized by deep distrust and volatility:
   More Internal Turmoil: Employees facing layoffs or transition will have zero confidence in the quality or stability of the outsourced HCL entity. This increases the risk of the most valuable, experienced employees choosing to quit prematurely rather than participate in the chaotic hand-off, further exacerbating the "brain drain."
   Pressure to Shadow: Verizon leadership faces internal pressure to quietly keep high-value engineers in-house to "shadow" or "fix" HCL's work. This preserves short-term service quality but utterly defeats the separation’s core OpEx reduction goal.
   The successful separation of ServCo and NetCo depends entirely on a stable operational base. If the HCLTech partnership remains an underperforming, fixed-cost liability, it will not only undermine the expected cost savings but also significantly reduce the market valuation of the customer-focused ServCo, jeopardizing the entire value-unlocking thesis of the structural split.
   The company must effectively restructure or contain the HCL relationship before or during the separation, or risk the split becoming an exercise in formalizing operational distress.

The Only Way to Fix Verizon's Valuation: Apollo's Blueprint for Structural Separation

Probably 12000 FTEs will loose their jobs. (this already happened !!!)

The days of the integrated telecom giant are over. The biggest opportunity in the sector today isn't a new product; it's a structural divorce—separating the capital-intensive NetCo (Network) from the asset-light, growth-driven ServCo (Service).

This is no longer a fringe idea; it's the defining transformation trend of the decade, and it’s the most rational path to unlock billions in trapped equity value—especially for a stock like Verizon ($VZ).

The Problem: Blended Multiples Suppress Value
Integrated carriers suffer from a blended market multiple problem. The network's capital drag suppresses returns, while the dynamic service business is undervalued. The result? Chronically low P/E ratios and stagnant shares despite strong cash generation.
The Solution: Apollo’s Reverse LBO ServCo Play
Private Equity firms like Apollo Global Management are experts at complex carve-outs. Their blueprint for a newly-separated ServCo: a Reverse LBO that transforms a utility stock into a premium tech-enabled platform, commanding a 2x multiple expansion.

Phase 1: The Asset-Light Transformation (Years 1-2)
Digital-First Cost Structure: Replacing legacy IT with cloud-native BSS/OSS and using AI to overhaul customer service, driving a 20-30% OpEx reduction.
Pure-Play Aggregation: ServCo pivots entirely to the customer, bundling connectivity with high-margin services (security, streaming, IoT). Result: 5-10% ARPU increase and up to 25% churn reduction.

Deleveraging: Cost savings are rapidly converted into financial firepower to stabilize the balance sheet.

What are your thoughts ?
Light Reading Fierce Network
hashtag#Telecom hashtag#Verizon hashtag#PrivateEquity hashtag#Valuation hashtag#ApolloGlobalManagement hashtag#Strategy hashtag#StructuralSeparation

Anyone else’s computer already get completely reimaged and erased and locked down without any warning?? I thought we were supposed to be working until the 19th. Is this normal?

Anyone else’s computer already get completely reimaged and erased and locked down without any warning?? I thought we were supposed to be working until the 19th. Is this normal?

Massive lay offs “restructuring” in May 2025 in all locations of Innovage. Poorly communicated & poorly planned. In 2024 & 2025 , they were hiring a lot of people & even giving referral bonuses, but only to be layed off. Up until a week before the lay off , they were hiring therapists. Suddenly they rescinded the offer, then maybe After a week, they laid off PT’s/OTs, rehab aides, etc. Why did they even hire so many, then lay them off.

I can’t find info on when we will get severance check.

Is there any legs to the rumored layoff on 12/3 before the tree lighting?

She was challenged several weeks ago on this board to go on CNBC to be interviewed and by golly, she did ! Albeit a soft ball interview with Sharon Epperson for DEI reasons.

Let's be honest here, if she interviewed with Jim Cramer, David Faber, or Sara Eisen, she'd be eaten alive trying to defend her missteps. It is ironic that even Roger Ferguson has appeared on CNBC as a contributor more times in the last year, then Duckett has appeared on CNBC in 5 yrs.

There are rumors and whispers she is losing internal support. All of a sudden, we see a flurry of activity from her lately in an attempt to save face and her job. So many speeches and public appearances that she has no real time to run TIAA like she is supposed to and this begs the question; who is really running TIAA ? She is paid millions and the company is chaos and no one is at the helm. She collects hundreds of thousands of dollars as a Nike Board Member & a pair of Air Jordans.

Instead, they have Jay Leno headline the TIAA FutureWise conference with the CEO laughing herself all the way to the Bank while many long term TIAA employees are being laid off. Shoot, maybe is she ran AI to run the company, it would be in much better financial shape today. It's funny how she criticized AI, but sold out to Accenture as they promised us the world with AI driven solutions which have not materialized.

TIAA FutureWise Conference (November 2025) In a discussion with CNBC, she advised that retirement investors should focus on building diversified portfolios and guaranteed income streams rather than worrying about an AI

Why so many QA rules in TAC team? They just focus on case update timely or not. They don’t even have any technical knowledge! Even layoff BB QA and they can re-join TAC team as RB then keep audit TAC cases… So rediculous

I'm thinking less than normal because NDA was pushed back a quarter.

How’s morale for you? I am exhausted from the layoffs. Wish they would just get the firing over with already. This place su-ks now.

I saw in previous post same thing was stated .Being told we need to carry a bigger load now.Im relieved to survive the rif but I’m just not sure it’s fair we now have to carry an even bigger load!I mean why should we be expected to carry our own load plus now everyone else load that was let go.Does anyone agree or should we just deal with the bigger load

Do you get health insurance benefits after they lay you off?

What is RA's exposure to the EV Battery industry and how will it react to the reduction in demand? Is RA still using AlixPartners as consultants?

From a recent automotive news article:

Overcapacity Ahead

AlixPartners speculates that global production of EV batteries will be roughly three times greater than demand for EVs in 2030. By that time, EV battery production capacity in North America is expected to roughly quadruple.

According to Nikkei Asia, many manufacturers are already scaling back their ambitious battery production plans. Ford, one of the most aggressive investors in U.S. battery manufacturing, is a prime example. The company is building a $5.8 billion facility in Kentucky with its partner SK On, which is expected to employ about 5,500 people by 2030.

However, the Blue Oval already reduced its planned battery capacity by 35 percent. It also recently halted production of the F-150 Lightning indefinitely due to dwindling demand in North America.

General Motors has also been forced to make changes. It has been confirmed that 1,550 workers at the battery plants it operates alongside LG Energy Solution in Ohio and Tennessee will be sacked due to “slower near-term EV adoption and an evolving regulatory environment.”

Nikkei Asia also reports that Panasonic opened a new battery factory in Kansas in July, but has yet to say when it will reach full-scale production. Initially, it was expected to hit this mark by the end of the 2026 fiscal year. However, as a major supplier to Tesla, it has been affected by the fall in demand for EVs as well.

Slowing EV sales in the States have led to the cancellation of some endeavors entirely. T1 Energy was planning to build a battery plant in Georgia, but has since canned the project.

ADP data shows private companies cut an average of 13,500 jobs per week in the four weeks ending November 8, signaling faster layoffs.

The latest ADP Pulse contrasts with October, when private firms added 42,000 jobs.

U.S. companies eliminated more than 150,000 jobs in October, the highest October total since 2003.

Economists are relying more on ADP reports because federal labor data has been delayed by the recent 43 day government shutdown.

The Bureau of Labor Statistics will fold some missing October data into the November report and will not release an October unemployment rate.

HP Inc. (HPQ) reported fiscal fourth quarter earnings results after the close on Tuesday, which topped Wall Street estimates on both the top and bottom lines. The company also announced it is pursuing new AI initiatives, which include reducing "gross global headcount by approximately 4,000-6,000 employees."

Have not seen any published yet, but I know there have been layoffs.

BoA downgrade, split company.

Expect more layoffs in December.

The ship is sinking mates.

How many more people are they going to cut before they realize we are already operating at a bare minimum head count at some facilities?

ABN AMRO plans to cut 5,200 full-time jobs by 2028, it said on Tuesday, as the Dutch bank seeks to deliver on its cost-cutting promises and focus on its core businesses.

The reduction, equal to more than a fifth of the lender's workforce, will affect all business areas, including recently acquired Hauck Aufhäuser
Lampe and NIBC Bank, CEO Marguerite Bérard told Reuters.

Although it’s not fully cleaned up yet, it’s good to see a much-needed trim of the older friends and family brought in from the ‘fuel’ era. Hopefully the next rounds address the rest of the dead weight who managed to stay by simply playing politics. Keep up the great work, Mr. New CEO.

If you can’t already tell. CIO is under increased scrutiny for headcount. They are looking to reduce costs/headcount by 10% across all CIO pillars for 2026 and achieve something called “reimagine work “ by 2027? I’m not sure what reimagine work is but doesn’t sound good. Especially if it’s following a goal to reduce costs.

New Orleans mayor-elect Helena Moreno warned there will be cuts and layoffs from city government as it battles a projected $222 million budget deficit in 2026.

Moreno posted a video discussing the deficit Sunday (Nov. 23). She vowed to prioritize essential services -- especially public safety -- before the Dec. 1 budget deadline.

https://www.fox8live.com/2025/11/25/new-orleans-mayor-elect-helena-moreno-warns-222-million-deficit-2026/

It seems that way too many folks, who were already laid off, can't deal with the fact that the company is finished with the layoffs.

Embarrassing display of envy.

I’ve tried to accept that I could be cut any day and just live with it. I’ve been focusing on job searching, but that’s only made me feel more depressed. I can’t shake the spikes of anxiety, and I’m barely sleeping. This has dragged on for so long that it’s taken a real toll on my ability to cope. A couple of days ago I realized I can’t even switch off for an hour. Nothing holds my attention long enough for my brain to actually rest. How are you all dealing with this?

U.S. companies cut more than 150,000 jobs in October, the highest number of layoffs for that month since 2003.

https://www.upi.com/Top_News/US/2025/11/25/ADP-jobs-economyq/2961764076980/

Thanksgiving layoffs

Got riffed back before 2010. Never looked back. Looks like management continues to absorb the brunt of these cutbacks

I’m a former employee and was having drinks with my friend (a senior manager who still works there). He mentioned there’s a big project under wraps to migrate most of the US based contact center to the Philippines next year. Thousands of employees are scheduled to be cut. Figured I’d share and see if anyone else wants to confirm or deny it and share details.

I first asked my supervisor here in Bloomington Minnesota and learned that on December 15th we shall be informed that our office is closing. Most of us are very happy to be laid off because we are all so done with this $chitt-hole place and are looking forward to the awesome termination package we get per our union contract. We get up to 2 years pay for those of us with over 31 years service. We're already celebrating! Sorry to the managers who only get a tiny fraction of what we union members get. Funny how we've all watched as all of our work, piece by piece, has become automated or off-shored - and we can only laugh about it.

I heard Layoffs coming in December, 15th. i heard this from a regional, who heard it from his contact in corporate HR. Hear say but can anyone confirm? and no BS java rant please.

So we have all been stressed but made it thru .I am feeling better since my director told me I should be ok the next round of rifs after the frontier merger.He said we all may have to pick up the extra slack but it will show we are value.

So we all know Fido moves slowly but based on water cooler chats, the mind has been made up

They are just delaying the announcement until Q1 2026.

There's no Q1 planning for our team apparently this year so not sure what that means??

Currently, quite a few fully remote workers are still with the company. Once they got rid of promotions/job growth for remote employees, it seemed like layoffs are imminent. What are the chances that remote employees are let go once RTO 2.0 starts in Feb?