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For the full year 2024, Verizon reported a consolidated net income of $17.5 billion, a 50.73% increase from 2023. Full-year 2024 earnings per share (EPS) were $4.14, compared to $2.75 for the full year 2023.
We can't make money..... so we must cut 15,000 more people...
18 Billion in profit just isn't enough!
How long does it take to receive severance email and paperwork to sign? Some people are approaching the end of the 60 day non working notice but haven’t received the email
https://youtu.be/OKgurZ0CRDE
President Donald Trump said he was “very much opposed” to last month’s controversial immigration raid at a Hyundai plant in Georgia, while South Korean President Lee Jae Myung warned the incident may hinder future U.S. factory construction.
Following urgent negotiations, the workers were returned to South Korea on a chartered flight. The operation, however, leaves the plant with a startup delay of two to three months. The setback comes as Seoul already faces 25% U.S. tariffs on automobiles, compared to 15% for Japanese and European competitors.
In a recent interview with Bloomberg, Lee said the treatment of the workers came as a surprise: “Many in Korea were surprised because our workers who went to the United States to help the U.S. with its manufacturing renaissance received irrational treatment.” He also characterized the experience as traumatic for both workers and their families, noting some that some no longer want to go back. “Unless we completely resolve this issue, I believe that they will not want to return,” he said.
Hey Dan. Do us all a favor and shut it down here in the US and move the whole operation to the Philippines. Quit playing games, just get it done.
How Highmark of them. This morning 3 from our group (including me) were laid off in a TEAMS MEETING. Keepin' it classy, Highmark.
Said specifically by CEO yesterday during UBS call. Also indicated Centene is not trying to grow at this point (hence the title) and that they are bracing for up to 30+ percent drop in ACA membership. Medicaid will really feel it come 2017. And that’s not even considering what impact continued gains in AI will mean for employees. I hate to be negative here, but I’m not seeing much upside.
https://apnews.com/article/fannie-mae-freddie-mac-firing-pulte-data-a4f8c53df74fef83ec7fd07e3d524746
The reality is what Verizon is doing is pretty messed up they are laying people off because they realized hiking pricing and relying on networks doesn’t work, so they layoff 15k people to make up for the losses. Well who do you think made those decisions it was the people at the top. Employees needed to speak out and walk out. People are scared and don’t say nothing but look at the end result!! So if people act out and be disruptive I fully understand. They fire people before the holidays speaks to fu-k the employees
The company keeps asking us the beginning of every quarter for a show of interest in VSB but then nothing.
SHIW ME THE MONEY!!!!
https://techrights.org/n/2025/11/14/IBM_Hiring_Then_Disposing_of_Unpaid_or_Low_Paid_European_Staff_.shtml
Seriously? Hiring his friends, paying them a LOT of $$$$ while thousands will lose their jobs.
“Transformation” = mass employee layoffs
Intel PEs and Senior PEs are worthless commanding $400K+ compensation but delivering grade 8 work. Most need to go.
on 11/23/26 TransUnion just laid off hundreds of amazing people in their CTO technology org. People around the world were laid off. They cut way to deep this time and I expect a huge performance ripple effect in Q1. 100% their CTO Venkat is about to sink the ship with these cuts in order to hit unrealistic cost savings targets tied to his bonus. Moral is horrible.
Send mid year and end of year pdfs to your personal email. It’ll come in handy to update resume
If you have any personal stuff on work laptop, remember to send it to your personal emails/laptops.
Better to be safe Incase access gets restricted or completely removed.
Seems like a no brainer but I remember one of my X-co workers
In a different company had terrible experience. He was with the same company for so long that he didn’t realize how much personal stuff he had forgotten to transfer to personal computer. Then one day laptop access was all one & it got very chaotic.
I heard a rumor the layoffs have begun.
I hope it's not true. If it is true, I'm very sorry to those affected.
It's astounding they (Cenovus/Meg) were planning this in advanced, and couldn't at least have the decency to wait until after Christmas but I guess the C Suite want their bonuses.
This round is employees. Next round The Company is literally eliminating groups. Any business that's been struggling to make money is gone. They make no money in advertising because yahoo was a failure, they make no money in fleet, no money in video they failed at TV and the streaming business, no money in international business, no money in cyber security, no money in government contracts
Dan is focused on being a wireless phone company with hopes of AI bringing new ideas to the table. The old ideas are going to be eliminated
Most American corporations do not respect TCS. They only put up with TCS as they have the cheaper billing rates in the industry, just warm bodies filling up a chair. With the new Trump H1-B $100K visa rules, those bodies are disappearing from the client site.
TCS has no interest in the employees, they just want them to generate revenues.
No wonder TCS abuses their employees.
TCS su-ks.
For the curious former employees, what happened? Who got laid off?
Poor performance, multiple waves of layoffs, running the company to the ground. Bryan Hanson should be sued by Solventum employees, not paid $40 million. Please consult a good employment attorney to explore this option.
Told by my friend ( band 5) that no one is out of the woods, even if they survive this round next week. They are cutting 25% across all levels now, later teams will be merged, projects will be discontinued and leftovers will be discarded possibly in Q2/Q3. Every one better start looking for oppurtunities outside.
Been thinking about this recently. What do you think? Has private MA Health Insurance plans being run by an Oligolopy?
Also, I imagine if the Federal Reserve does not cut interest as originally planned, more layoffs may be planned for 1st quarter 2026.
I am not sure how Verizon's employees will bounce back. I see many creating resumes and trying to find a job. Once the layoffs are done, the employees who were meant to be retained will also leave. I don't understand how the leadership doesn't understand something as basic as this. Every company that has done layoffs, do it FIRST, then go to the press. Here, we are getting to know the fate of the company not from our employer, but from news outlets. That's extremely disrespectful. I hope people realize their self-worth and abandon ship before its too late and Dan decides to come for them.
I'll ask again. Why did VZ publicly deny the layoff rumors and then days later leak the news and every source reports 15k job cuts?! Was this Franz's first task in office?
This is not an effin DEI question, so keep your DEI comments to yourself or make your own post, that will get down ited til it ages off.
The debt that Dell has will not allow the company to hire new employees.
I had been lurking on this site for a while and decided to post today because I couldn't handle it any longer.
As a long-term SAP employee, I can no longer identify with the organization. We've always had reorganizations and layoffs, but I've never seen the Board and HR be so anti-employee and put employees against one another.
Here are some trends I am noticing:
There is no MOVE SAP for T1-T3 personnel.
Annual salary appraisals are not even close to inflation, thus we lose money each year.
HR-focused managers instead of development managers.
Hiring freeze.
Travel freeze.
Rumors regarding closing locations other than Walldorf and St Leon Rot.
Replacement positions only in low-cost areas.
Anti-migrant sentiment.
Board compensation increasing dramatically each year.
Almost every German employment is offered solely in Walldorf and St Leon Rot.
Performance management is a reasonable approach to pay employees less.
No more catalyst or comparable schemes.
AI-first strategy, but showing no business development.
Organizational restructuring, such as HPOM, is built on influencer propaganda.
The stock price has plummeted.
Board says regular layoffs are non-negotiable without giving a good reason.
Stupid AI replacing important support, QA, IT and development functions instead of HR.
Employees coerced into giving their managers spectacular unfiltered reviews or forego salary increments.
Share buybacks.
Budget available for executive travel and entertainment but not development.
Stupid online courses instead of career focused learning by human experts.
Legal troubles.
Acquisition after acquisition without integration of acquired employees.
Only the same people getting the big jobs and promotions everywhere at SAP while others haven't found a new position in years.
You have to be a balding German white male based near Heidelberg to land a good management position.
Anti-women sentiment.
Executives openly making derogatory statements without any consequences - equating life altering career changes to brushing teeth.
CEO having no foresight or long-term plan to improve company and instead blatantly lying about things like "we'll create new 15000 positions in India" only to follow with layoffs everywhere.
Managers given so much power that it is more important to keep your managers happy than your customers happy.
Reduction in benefits.
Anti Muslim sentiment.
Week long party budget in some areas (Signavio) while other areas suffer and don't even have budget to hire development consultants.
Too many HR employees who in turn say we have too many QAs, developers, product managers, designers, etc.
Fake career progression plans as the only way to grow is to find another job.
Too many "innovation teams" that create stuff shown at Sapphire but it never makes it into production.
I can go on and on but this is already a long list.
What do you think? Do you share a similar sentiment? Do you agree or disagree with any of the items listed here? Having a good stable job without politicking seems almost hopeless at SAP.
In the past, points like these were enough to fire board members. But now the transfer of wealth and power from employees to executives is normalized. What can employees do to get back power and ensure a stable career at SAP?
And then days later leak the news and every source reports 15k job cuts?! Was this Franz's first task in office?
It's not a merger, They have conquered TU and spoiling TU products and core teams who build these systems for so many years. There models failed from past 3 years and poor in managing their own Neustar systems. Inefficient to understand TU systems and how important these are for consumers. They are finally making sure all these systems sinks before they leave.
Leadership is saving Neustar team and kicking out TU core teams just believing their bullish overhyped products which are worthless when they try to implement it in past 3 years.
And that we won't be ambushed by more cuts tomorrow or next week?
Work force reduced next up asset sales?
Has anyone from France been affected by the layoffs?
A 26-yr. old black executive?? No other way to describe that aside from DEI hire. She's going to lose her case.
https://www.hcamag.com/us/news/general/ex-ibm-director-alleges-termination-part-of-black-executive-purge/554921
@user8869117799573:as a former field rep for them I can tell you this whole system Nielsen has built is a fraud. reps would lie when taking demographic info from panelists . he-l half the time I just filled them out in my car. we would lie about tvs and other devices in homes. I promise you a huge percentage of reps did this and probably are still doing this
I have read about individuals reportimg GL reductions numerous times on this site. I thought that terms of reassignments won't be communicsted until Monday. Does someone have a crystal ball? I would like to buy one.
I’m genuinely curious if anyone else wonders what’s going on with Nike’s HR function. The constant layoffs, reorgs, and shifting structures are confusing at best and destabilizing at worst. If HR can’t get things right for themselves, how are they supposed to get it right for the rest of the company?
In my experience working with that team, it’s a mix of highly competent people and others who are… not. Like many parts of Nike, it often comes down to who you know and how willing you are to step over others to get ahead.
The latest move…eliminating the head of Recruiting and burying the function should be a signal to everyone. Maybe the person in the role wasn’t the right fit, but that’s neither here nor there. The bigger concern is the direction of the function as a whole. It feels like we’re heading into a darker period, and the signs are all there.
Less than a month from Fox woods and the company is crumbling! Mole says massive layoffs coming or happening. Silver spoon can’t save the company and may be asked to leave. All less than a month from the Mee hans saying how much BETTTTAAAHHHH they are! Run while you can!
Haven't heard anything in FM yet
Whatever happened to make America great again??? 15k Vzw coworkers lives will change come next week. Corporate America greed wins again. I’m here refreshing this website to see if anything new comes up. I’m paranoid , I can’t sleep , what happened to the big tax break these corporations got from trump ?? That’s still not enough ???
The Reorg is going to reduce the divisions as usual. So if you’re a division player get ready. That’s where a large portion of the other 2500 come from. Buckle up. 1st week of December
From Reddit:
I'm not talking about the dough facilities. I'm talking about corporate staff.
There has been no notifications, no conversation, no announcements. I think this is standard operating procedure for a company that is currently being sued for failure to notify about layoffs.
Every day a different department has had people let go and by my count there are about 30 or so who have been let go. Some are offered early retirement, some are just called into a meeting with someone who is not their boss and that is that. Almost of them have been at Panera for more than 10 years. This is not who we are supposed to be but when someone shows you who they are, you should listen and so should we.
More than a few people have said that layoffs will continue until next week but no one actually knows because no one is actually saying anything. I think the only reason they are doing it this way is because they laid off a bunch of HR people last month. I'm sorry, they did not get laid off, they were told their jobs were moving to Boston and they could apply but they would get no bump in pay.
Here is what you need to do:
If you survive the cuts keep looking for work. This company is on its way down and it will not help your career to ride it out looking for a nice severance. Our sales have not been this low since the pandemic. The people in charge have zero understanding of what this company is.
Does anyone have real information on next RIFs by area? This site is becoming more useless with no real info while before it had good insight. Now it’s just a site for people to complain about their boss or job or past associates to come troll. Real info, please!