#layoffs

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Job cuts @ Great Dane

Company: Great Dane
Source: The Kewanee Voice

Great Dane confirms that layoffs are planned

  • Summary: Great Dane said it will reduce its workforce to align manufacturing capacity with demand during a prolonged freight recession. The company is working with the union in Kewanee and offering voluntary layoffs while calling the cuts a temporary setback.
    City: Kewanee
    State: Illinois
    https://kewaneevoice.com/great-dane-confirms-that-layoffs-are-planned/

New leaders do not know their own org structures

With the SVP changes today, both in the business & finance…. I can’t help but to ask myself, how are they deciding who is being let go? These shifts imply that the new leaders do not know their org structure…. Who is good/ who isn’t etc.

All we can do now is, not let our nerves get the best of us. Today just proves that layoffs will be 1. financial 2. Strategic and not personal and reflective of your abilities.

I hope everyone can get some rest after today and realize there is nothing that you can do it. Out of our hands so should be out of our minds.


Big news, folks — the mystery meeting is happening this Thursday!

The mystery meeting is happening this Thursday! Nobody knows what it’s about, but the calendar invite came with no agenda and an unusually cheerful emoji from HR, never a good omen. Rumor has it the CEO will kick things off with some lighthearted jokes about the recent security breaches (classic comedy material!) and that tiny 30% drop in share prices last week. Just a “market correction,” right? Could be layoffs, could be free snacks, maybe both! It’s the corporate Hunger Games, but with spreadsheets. Bring your best smile. It might be your last official company photo.


Next round of layoffs at Walmart

We don’t expect additional layoffs /RIFs until (at the earliest) 2nd or 3rd week of February 2026, if needed. Of course, if the (holiday) event doesn’t go as planned, we could see something before FY2025 ends. After that, we’ll see the normal herd thinning happen as a result of the calibration cycle. Managers and directors will decide who they like and who they don’t like, and those will get low evaluations and be part of the yearly purge that happens sometime in the March to May timeframe.

There is some reason to believe Walmart will cut numerous associates in 2nd and 3rd quarter of FY2026 due to AI being able to assume responsibility for tasks and processes that are repeatable and stable.

We’d encourage you to review Doug’s comments on AI and it’s adoption inside Walmart.

Further, we don’t foresee any reductions at the stores or DCs. Transportation is probably ok.

We’d encourage all associates to speak to their direct managers about their current performance and listen to the answer carefully.


My Prediction, Gut Feeling Only

A bit more than 15% cuts across the board. Every team is affected.
The total will be just shy of 20K.
They will have another round in Q3 2026.
The stock will go up. Our ability to grow revenue will go down.
This is just my gut feeling, I am not basing this on any insider information.


If the rumors turn out to be wrong, all the better

If some layoffs still happen, I just hope it won’t be as massive as everyone’s been expecting. I need this job. We all do. At least until things get better. Then we can decide to hate it, change it, or move on. Right now, it’s a total sh-tshow out there. My family can’t afford even one of us being jobless for more than a month or two. So, fingers crossed we’ve been wrong all along.


Great Dane confirms that layoffs are planned

Great Dane released a statement Monday afternoon confirming that there will be layoffs at their Kewanee plant within the coming weeks.

According to a statement from Jake Wallace, a member of Great Dane’s communication team in Georgia, the plan is to align the “manufacturing capacity with current market demands amid a prolonged freight recession.”

https://kewaneevoice.com/great-dane-confirms-that-layoffs-are-planned/


Drama movie

You all will be very disappointed very soon when you find out you are expecting a Drama Movie and the movie ends being a comedy....live on. There will be big changes and the normal EOY sheet cleaning but nothing extraordinary like you all falsely claim here....believe me not?....wait and come back here in two weeks


Julie needs Cash Flow

This is 100%. The layoff is not because AI is magically changing things, or because clients need less work. The nature of work is changing, projects are smaller and more focused. But, behind all of this is the need for free cashflow which can be achieved through higher sales (not going to happen) or cut in expenses (it's happening right now). She needs cash to finance AI infrastructure build out, and the only way to find the $$$ is to cut people. She has no other options (ok, she can go in debt, but that's always bad). So, she's repeating the same thing that AWS (30K cuts), MSFT (25K cuts), META (20K Cuts) and others are doing.

I wish all of us good luck.


2026 will be bad....

2026 will be bad.... we are headed to much trouble times - the economy and politics will suffer, the worker will suffer... make sure u got degrees and some certifcations. todays job market care more about culture fit, tests, 3-6 interviews and then ghosted?? i felt this pain alredy and the stress is unreal!

so when u get that meeting invite later today, manager there but hr left out cause it’ll be a surprise.. severance, COBRA, resume helper... nobody reached out to me when i was laid off, not even ppl i reported to, nothing!! nobody has ur back.. i realy hope u got family or friends like i did, cause when that call ends, u’ll see who really matters in life...

new views will hit u hard... no loyalty, no care, no two week notice.. all that they expect from us when we leave a company!!!


Contractor

I was let go yesterday, was told that my contract will not be renewed. I know others who were also affected and I know some employees are being let go too. It's been though for a long time and I was afraid this will happen but now there is no more uncertainty but there is no more paycheck too. Husband is also unemployed right now and with two kids it will be hard to go through the holiday season as I am sure nobody is hiring before January. Good luck to all and I hope this madness stops with me.


GCC Layoffs

Venkat townhall had hints about GCC layoffs.

I know people are leaving on their own already.

What do you think will happen.

I am trying to be positive but it's so hard.


2000 Layoffs...Here's what would be wonderful if they would just be consistent and shared ...

1,000 Layoffs on 10/29
600 Buyouts
1,600 Personnel no longer on the books once Telefe and Chile TV network sold
Talk of 2,000 total Layoffs

Here's what would be great to know...just so all are aligned and working off the same page. We know that the 1,000 10/29 layoffs are part of the 2,000 layoff target. Are the 600 + 1,600 figures above considered part of the total 2,000 or are they completely separate? That's all we're asking DE + Exec Team to share. Are there 1,000 more to go in December of Q1 2026 or is the figure more or less???


Blaming AI is a copout

How AI became the scapegoat for the current wave of mass layoffs

Labor experts reveal the truth behind AI job disruption, and why companies are so willing to cite AI as the excuse for slashing jobs.

https://www.fastcompany.com/91435784/how-ai-became-the-scapegoat-for-the-current-wave-of-mass-layoffs


Canon losing marketshare

If you are in sales, it’s clear that this year has been one of the more challenging years.

As most of you know, sales journal is a fictitious number that is used for compensation only. It’s a number that is scalable to increase/decrease compensation. For example, Canon showed profits of 200% because they were able to raise quotas and pay out less compensation. It’s not because we were more profitable on deals. Print volumes are down so where do you think they took the money from? Yeah, let that sink in.

The one number though that will provide some real factual direction though is the billed revenue numbers. Central (with that layup PK gave to his friends) and West (another joke of a quota given to people who stop work at 2:00pm EST) have now dipped under 80%. The East (the FU quota) is just over 80% at 81%. These are the lowest numbers (not counting Covid) that the company has seen in a long time. This just shows they are completely off on their forecasts versus reality.

So what does this all mean. It means that we are not making enough money to support the number of people working here. As we enter the last months of FY2025, don’t expect the company to come out with any promotions or motivators that help you put more money in your pocket. The company can’t pay us while at the same time trying to retain profits for the almighty home office in Japan. The company will have to cut sales positions. I am not trying to scare people but Canon is not going to continue with this structure at these numbers. I highly doubt we will see that bonus in our paycheck at end of December with these type of numbers.

In addition, we will continue to dip on the market share pie chart as lesser end brands meet our current customers demand for a lower price. We are stuck trying to raise the price in an economy where no one is willing to pay more for these products. We are forcing our customers to price us out when we ask them to spend more.

So what happens next? More layoffs? Reduction or increase in quotas? Change in the compensation plan to adapt to the discounting needed to win deals?

All I will say is the decisions that are being made in Melville right now will either power this company through these tough times or drive the ship right into the wall.


Is this really the goal?

Layoffs are every other week these days. Gotta cut cut cut those costs. Still need to get under 90k employees. Only 35k more to go. Eventually it will hit the techs, but I’m sure only the junior most people to reduce costs.
Is 90k something that has been officially confirmed as the end goal or are people just guessing?


RTO is total BS

I've been mandated to return 4 days a week. During the last month of this, I've talked to 3 people (total) in the office and taken meetings from conference rooms where hardly anyone in the office showed up--instead taking the calls from their cube or a focus room or remote. The people I work with are not in the office or even my location. But my life has been disrupted completely to meet some ridiculous ego-driven mandate. I'm using more water, gas and energy--not good for the environment. My stress level has risen--not good for my mental state. And add to this the other things I had to buy to accommodate going into the office (lunch stuff, clothing, shoes, backpack that holds a laptop, etc.) that makes RTO costly to the employee. This is after 5 years of little no pay increase and minimal if any bonus and 5+ years without a promotion. Feeling trapped because the job market is so horrible. But yeah, at least I have a job and didn't get riffed. Looking forward to the tide changing back to favor employees however long that takes.

An on point post from @cf+1k9p3cq31.


VSP’s are coming for retail

They will be reducing the corporate retail store footprint. Some stores will be converting to indirects. With that being said they will be offering Voluntary VSP’s and then eventually layoffs with severence packages. 100% accurate info. Announcements coming November 19th/20th


“Bill Pulte doesn’t know the first fu--ing thing about how the mortgage markets operate,”

Politico: ‘Sold POTUS a bill of goods’: WH furious with Pulte over 50-year mortgage. This might put a kabash on the ipo idea and pulte himself. But Mike might still want to continue with the layoffs. It’s his favorite thing to do - to get rid of people. If it was up to him, he would just work with strings, pixel and numbers