#layoffs

Anyone have real insight on when Risk layoffs will start?

BNY Mellon recently declared that “culture isn’t built in conference rooms—it’s built in moments like this,” referring to a stationary bike marathon.

One bike, eight hours, and a simple question: How far can we go when everyone contributes their energy to a shared goal?

Apparently, the answer is: not very far, especially if the goal is building a healthy organizational culture.

THE THEATER OF PEDAL-POWERED CULTURE

Let’s pause to admire the sheer audacity of this metaphor.

Culture, we are told, is not about trust, transparency, or leadership—it’s about sweating together in a room while hashtags flutter overhead like corporate confetti. (#BNYLife, #BNYBetterthanSlicedBread, #FreeCoffee, #EmpathyLivesHere, #WellnessinLayoffs…)

Employees were encouraged to cheer, laugh, and pedal as if their collective energy could erase the memory of strategic missteps, toxic work environments, and the erosion of morale.

It was less “culture in motion” and more “culture in denial.”
The strongest cultures, we’re assured, are defined by shared experiences. True—but those experiences usually involve competent leadership, clear communication, and respect. Not a spin class disguised as a corporate epiphany.

FAILED LEADERSHIP: THE REAL RESISTANCE SETTING

BNY’s leadership seems convinced that culture is a cardio exercise. Yet the risks of failed leadership are far more serious than a skipped workout:

• EROSION OF TRUST & MORALE: Employees don’t lose faith because they missed a turn on the bike. They lose faith when leaders fail to demonstrate character, competence, and connection.
• POOR STRATEGIC EXECUTION: Pedaling in circles is a perfect metaphor for what happens when vision and goals are disjointed. The bike goes nowhere, much like projects derailed by ineffective communication.
• TOXIC WORK ENVIRONMENT: Micromanagement and favoritism can’t be fixed with cheering. Burnout isn’t solved by hashtags.
• DECLINE IN PRODUCTIVITY & INNOVATION: Employees aren’t reluctant to share ideas because they lack cardio endurance. They’re reluctant because poor leadership discourages collaboration and risk-taking.
• RESISTANCE TO CHANGE: Leaders who cling to outdated processes create stagnation. A stationary bike is, after all, the ultimate symbol of motion without progress.
• FINANCIAL & REPUTATIONAL DAMAGE: No amount of sweaty selfies can offset declining market and client confidence or reputational hits.

Culture isn’t built on hashtags—it collapses under them.

WHAT A HEALTHY CULTURE ACTUALLY REQUIRES

A healthy culture is not defined by how many miles a stationary bike records. It is defined by:

• TRUST & TRANSPARENCY: Leaders who communicate openly, even when the news is hard.
• STRATEGIC CLARITY: Goals that align with reality, not spin cycles.
• RECOGNITION & FAIRNESS: Environments where employees are valued for real contributions beyond their ability to pedal.
• ADAPTABILITY & GROWTH: Investment in skills, technology, careers and people—not just in stationary bikes.

Culture is built when employees feel safe, supported, and respected—not when they are asked to cheer through layoffs disguised as “shared energy.”

CLOSING SPIN

BNY’s leadership insists that “the strongest cultures are defined by what people experience together.” True enough. But what employees are experiencing together is distrust, burnout, and the gnawing suspicion that hashtags are being used as wallpaper over cracks in the foundation.

Culture is not built on hashtags or stationary bikes. It is built on character, competence, and connection. These traits are somehow not found in our current senior leadership.

Until BNY trades its spin bikes for self-awareness, accountability, and genuine investment in people, the only thing truly “in motion” will be the revolving door of talent being intentionally shoved out the door or willingly heading for healthier organizations.

Charles Schwab and his wife Helen attended the White House Dinner - the special guest was Prince Mohammed bin Salman Al Saud.

Questions regarding the appropriateness of Charles R. Schwab - who continues to represent and lead the company in his capacity of Co-Director of the Charles Schwab Corporation - attending this particular event are legitimate and not inflammatory.

So the question is why thelayoff.com removed the earlier postings regarding this topic.

Does anyone know when the severance payment is going to be made for folks in the class of 11/6?

Employee Relations and Conduct Management are getting laid off, not a Tuesday and just before the holidays. Multiple on each team are being pre selected for displacement in December. Thanks HellsFargo

With all the changes the new leadership over P & C claims are implementing across all of p&c they will never get these claim jobs moved into the hubs. Not Injury, not TL, not fire, not Sub, not Property. There is to much for new hires to learn and retain, they will not stay. What we have in the hubs now cannot do the work. We will work from home forever or until they make us miserable enough to quit.

Checking in — are there any additional layoffs happening today, or was everything supposed to be finalized yesterday? Haven’t heard anything from leadership.

The law firm Strauss Borrelli PLLC is investigating FIS for WARN act violations. Many of us were laid off this month without notice and this applies to us.

This is their website:
https://straussborrelli.com/2025/07/15/fis-global-warn-act-investigation

From their website:
On July 11, 2025, FIS notified the Washington Employment Security Department of its decision to conduct a mass layoff at its facility in Bellevue, Washington. The federal law, known as the Worker Adjustment and Retraining Notification (WARN) Act, requires covered employers to provide 60 days’ prior written notice to employees, their representatives, and certain government parties in the event of a mass layoff or plant closing. We are investigating whether FIS failed to provide at least 60 days’ notice before laying off 133 employees and, therefore, violated the WARN Act.

https://www.bnamericas.com/en/news/ibm-to-shut-latin-america-rd-center-amid-global-overhaul

It is truly amazing how fast the market may have gone from:
Yay, greatly reduced costs from layoffs of aging workers and huge new CAPEX to enter the shiny new field of AI

to:
Wow, you released many loyal and very knowledgeable workers because you thought AI would capably take up their workload? Who do you think generates the knowledge where AI extracts it supposed intelligence from?
Also, dilution and especially debt is favorable, and oh my, a lot of debt is very bad. If that debt is going to generate low margin revenue, you really have to wonder what management was thinking.

Don't even get me started discussing whether Open AI is going to generate enough revenue to fulfill their contractual obligations.

ORCL was last in double digits in Dec 2023, but we could be headed back there very soon in my opinion.

I’m wondering…

How does he feel about his nickname? Dan the Hatchet Man? I wouldn’t be surprised if he actually likes it.

How does it feel to cause such intense pain and misery to 13,000 individuals, multipled by 3 or 5 when you take into account, the family members of those who have been laid off?

All the middle managers ads avps vps and svps are intact, they said they want to transform, laying off ppl from lower band will not transform verizon ppl who bleeded the money hiring contractors and asked the Vz lower band to manage contractors and they get away with this it’s a shame

This company is terrible. Would not recommend!

Terrible decisions from Lowell started this spiral, then they bring in Hans who made very poor decisions with Ericsson and big shocker history repeated itself at Verizon. I literally remember the day he was named as CEO, fellow co workers talking about his track record at scratching their heads on why he was named....and the kicker....the new CEO was on the board of directors when they picked Hans. So all the cr-ppy decisions he made can all tie back to the board and their awful decision to bring him on. So now a member of that cr-ppy board of directors is now the CEO and employees and investors are supposed to have some kind of hope in that? I cant believe what this once wonderful company has turned into. All these frontline workers who bust their butts and care about the customers are just tossed to the curb...DURING THE HOLIDAYS. Very heartless. Just think about it...axing 13k individuals in hopes that that news would drive up stock price by a few pennies. Very very sick game they are playing. I left back in 2023 and couldnt be happier. It was so scary and stressful when it happened to me and my heart goes out to those effected. Its so hard to see the light at the end of the tunnel and I know the job market now is much worse than it was in 2023. I genuinely hope you all land on your feet...and soon.

Reports last week was 15K, actual number was 13k. Is it possible there will be no more major layoffs for 2026 at VZ?

Repost this guy is right Ha ha no they are offering a nice severance package to a small few union with Many decades under their belts .Its targeted their ready.But over all they are hiring field techs like crazy .Most areas that didn’t have fios are being built out it’s a decade long project.The 5g for the cell sites along with the new focus on business fiber will keep field techs very busy.I would say if anything the only union side that they maybe look to offer reduce head count that will not get replaced would be inside people like clerks and such.Unfortunately for any desk paper person they will consider you management at will .They will always look for ways to faze that out ,but hands on jobs may not make millions but are very dependable in the need .Most of the new generation do not want to do anything hands on .Especially with work from home being dangled in front of them for clerical work.So replacement of our extremely Aged work force with years and years of background will not be as easy as you think

I have no experience in running a small company, let alone a big one. I can think of a strategy to fire employees to save money and show increased profits to raise share price.

The current ceo with so much experience is coming up with the same strategy to compete with T-Mobile and AT&T!!

I see no future for Verizon. If you get RIFed, think positive and look for a better company.. consider it x years wasted on a company run by people who have no vision.

If you don’t get RIFed, take this as a wake up call to jump ship because it’s sinking.

There is no VTeam feel anymore here. With so much uncertainty, unrealistic deadlines, there is no dignity nor recognition of the hard work done. Simply blackmail tactics.

Do we know the total layoff count as of yesterday? Was it 13k or with more to add to today’s count? Is it over?

For all those that need a reminder, while FB and his merry band of c-suite minions were making money off your backs and fluffing investors , they were demanding you badge swipe 5 days a week or lose your job, do 9 hrs not 8:58 or lose your job, work excessive overtime or lose your job, make sure you are on your computer for 8 hrs or lose your job, move or lose your job, get a jab or lose your job, cut bonuses two years in a row while collecting their fat bonuses, slapped each other on the back for doing so well in Argentina while the people suffered with sky high inflation, do the job of 3 people or lose your job. They use you while they collect millions for doing a horrible job. We were running a company!! No you weren’t it was a smoke and mirrors so they could get richer. The BOD is complicit as well. Useless group. Got it!! Stop caring and live free.

USPB is no more. Decisions will be made over next 6 weeks how to align the former USPB functions (Analytics, Risk, COO, and Client Experience) into Cards and Wealth. There will undoubtedly be layoffs in 1Q26 for these groups impacted. I’m sure redundancies will also occur in Cards and Wealth for the incoming people as well.

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.

Good luck, Dan, trying to dazzle customers and grow the customer base—you can’t even take care of your internal customers! I still can’t access the severance portal, even after HR intervention. At this point, it’s laughable. Once again, Verizon fails to execute anything correctly.

All stores are underperforming (according to the corporate office), so that means fewer employees who will be pushed to do twice the work! You should be looking for a new job now. Be prepared to be called into the office after the holidays.

So Dan laid off 13,000 people yesterday, 2,000 short of the 15K total we've all been hearing about for the last few weeks.

I'm hearing rumors from several sources that they plan to sell off Vz International (to BT) in April next year. Will the remaining 2,000 heads be from there do we think?

Only 9 Senior Leaders listed in the email sent out by VCG CEO…?

Is the “significant organizational change” in the room with us? There was more than 9 RIF’ed on my 50 person team.

What a scam this “new” leadership is

Unemployment rate is already 4.4% and climbing to numbers we've seen during Covid. If AI is about to replace us, who's going to buy services and products from Dell? Mostly corporate customers use Dell, and they are going to be hit hard by bubble bursting... hold your hats, we are going to have a crazy ride in 2026

Feel sorry for people that were RIFed.
Speaking of VCG as well as others, for the people still around, do we know when the re-orgs will take place and what they will look like?

Anyone notice (and maybe you’re one) PetroTechs are being parked in functions across the organization not related to their discipline (IT, Finance, Supply Chain). Park until needed? Waiting for an upturn in activity? I can’t imagine they are very happy with these assignments other than getting paid.

More are being chopper soon and as a mgr seeing the intentional bs behind it, forced ratings , blocked promotions and much more, i’d love to help get any ball rolling for a lawsuit against this place

From an early morning meeting today, looks like the IT Staff Engineers are on borrowed time. GM is looking to eliminate the position and pass their work duties on to other employees in an effort to save more money. Probably some d-mb idea to send more money to the California Innovation Center payroll.

Another great SLT decision.

I can’t wait until the SLT decides to eliminate the bathroom cleaners to save money.

Anybody in the Roanoke VA area or Minneapolis market GNT get hit ?

Hi, haven't been here for a year. Was declared obsolete 2 years ago. Just wonder how much the employee count is these days, and how many of these are effectively and actively working ...

Just because you were just let go, or know of others being let go, doesn’t mean the laid off 13,000 in a single day.

They got the higher paid, and the lowest performers off the books before the new year.

More waves are coming. ETA 12/20 and 1/20.

If I’m wrong, I’m wrong, however, I’m still quitting after I take advantage of my Fmla benefits next year. Good luck everyone.

A good read that relates to us right now

https://onemileatatime.com/news/united-ceo-scott-kirby-confidently-declares-american-cooked/

Replace with Verizon and we can all relate

"The current narrative among [Verizon]American executives is that everything they’re doing right now is to “focus on the customer.” The problem is, that’s not enough. [Verizon] American’s Chief Customer Officer has said that a reliable schedule is just “table stakes” at this point.

But the reality is that even customer experience improvements are just “table stakes,” when you’re competing against [T-Mobile]Delta and [Verizon]United. What else ya got? There needs to be a bigger strategy, and employees need to be excited about it.

The problem with [Dan] Isom at [Verizon]American is that he’s neither some brilliant strategy guy, nor is he a football coach type, like McCartney references. McCartney is exactly right — “once you lose labor, it’s over,” and “it may take a couple of years or whatever, but it’s over.” [Dan] Isom isn’t a football coach, he’s the captain of a lost ship with no navigation that’s just going deeper into the ocean. And maybe that sounds harsh, but c’mon, [Verizon]American lost money in Q3 2025, which is supposed to be one of the better quarters.

It's been a been a bumpy last 20 years here. I will miss many of you! Wish us luck in the job hunt!

Lets find employment where the EMPLOYEES are VALUED FIRST!!

So I had cause to re-watch Office Space over the weekend. The studio released this movie in 1999. It focuses on the corporate absurdities that permeated cubicle life in the late 1990s, with the lead-up to Y2K as a backdrop.

I’ve seen the movie countless times and still find the story of the Bobs—two consultants hired to reduce headcount—hysterical, although the last seven years of hired consultants and annual layoffs is a bit too much art imitating life.

What struck me this time was a throwaway line I hadn’t noticed before. The main characters work for a company named Initech—which, they explain, is a made-up word created by smashing innovation and technology together. Sound familiar?

So the “innovative” naming that made us all Solvers became part of cinematic history over 25 years ago. Make no mistake, folks: these leaders of ours are not bringing anything new. We talk about AI and the positions it will eliminate, but with this crew of senior leaders, we could replace them with a Magic 8-Ball that simply says, “Hire consultants and restructure.” That seems to be their cure for anything that ails us.

Happy Thanksgiving all.

Someone I work with, a friend, was told today is last day.

Can’t they just reduce everyone’s salary instead of layoffs like some cultures do?

What work groups were impacted by the layoffs?

Funny how Dan S couldn’t wait to send his email to lay 13k people off. Sent it at 7 am. Well it’s 8 am the next day and we still don’t know which execs, vps, sds and ads got laid off. He laid off all the people that do the actual work but kept all the people who just go to meetings to wag their fingers. Good luck turning this company around with people who don’t want to do a lick of work

Looking forward(not) to all the brown nosing and but kissing the will commence into overdrive in the coming days for those that are left. People jockeying for attention so that they may not be named in the next round.