#layoffs

I heard it could go on for at least ten more days. No other details, though. And there are so many rumors flying around, it’s hard to tell which ones make any sense.

Hormel Foods Corp. is undertaking a corporate restructuring that should result in the reduction of approximately 250 corporate and sales positions, hopefully through a voluntary early retirement program.

https://www.foodprocessing.com/business-of-food-beverage/news/55327956/hormel-foods-announces-corporate-restructuring-250-office-layoffs

This group is closer to penny wize, dollar foolish than most. Here's why. Remember all the times BH mentioned de-layering and reducing decision making authority? The exact opposite is true. I know this as I look at the list of job grades of those recently axed. Nothing higher than manager and overall average job grade let go is 9. At the same time we (they) mint more VP's. The consistent and frequent additions to the "C" suite ONLY increases beaurocrocy, time and effort to approve low $, low risk investments. Lastly, the severance for these folks was drastically REDUCED compared to previous January layoff. The thing about boiling frogs is, they all end up cooked. Demand leaders with integrity, not these imposters.

Some coworkers I worked with every now and then were just let go yesterday. Are they doing layoffs every Tuesday now??

When do we think they will close?

Also, is NA doing a package deal on some other European dog?

https://finance.yahoo.com/news/ups-layoffs-logistics-giant-cuts-174718360.html

The company absolutely went down hill after Michael F. Neidorff died. The executives decided to save a little money and offshore to the Philippines. Guess what Centene. Americans don't like talking to foreigners.! We get sc--wed on jobs from H1B's and the companies offshore jobs elsewhere. it cost you your Medicare business and stock price.

This isn’t rumor, emotion, or gossip.

This is what the company itself has said, plus the math that follows from it.

No fluff. No slogans. Just reality.

Where Xerox actually is:

• Q3 cash generation did not cover costs; free cash flow driven by working-capital timing, not profits.

• Legacy business declining on a like-for-like basis.

• GAAP gross margin is 22%, very thin to support debt, restructuring, investment, and dividends.

• Significant debt added to fund acquisitions.

• Leadership has stated we do not have 2 years to fix this.

• Workforce reductions confirmed to continue into 2025–2026.

• Integration urgency now tied directly to SURVIVAL narrative.

• Merit / raises tied to profit (uncertain to say the least).

• Strategy locked: no pivot planned, only “execute faster”.

This is a turnaround under time pressure, not a routine quarter.

What has been signaled:

• The model is right, execution has failed!

• The company will run out of runway without faster performance!

• More layoffs are expected!

• Every function and region expected to “do more with less”!

• Employees told to stop prioritizing personal situations and put the company first!

• Execution failures = leadership changes!

The bets are already placed. No turning back. Sink or swim on execution.

Employee reality:

• Job security is performance- and speed-dependent.

• Raises contingent on profitability, not guaranteed.

• Higher workloads, fewer resources.

• Culture shifted from “corporate career” to “survival, sprint, sacrifice”.

Clear message: contribute at full speed or self-select out.

What happens next? Likely 12–18 month environment:

• Continued restructuring & RIFs

• Ongoing cost compression

• Integration friction + tech platform migration

• Talent drain and forced performance pressure

• Narrow focus: cash, margin, execution speed

Best case? Turnaround works, company stabilizes, slow growth returns.

Middle case? Extended grind — layoffs, morale erosion, cash tightness.

Worst case? cash performance fails... strategic alternatives come to play (asset sales / debt restructuring / Private Equity involvement).

All are standard outcomes in leveraged turnarounds; which one we hit depends on speed, cost takeout, and execution.

Bottom line:

• Xerox is no longer operating in “business as usual”.

• This is SteveB's plan A: execution speed vs. cash runway.

• There is no plan B. And plan A must work quickly.

• Everything else — morale, culture, careers — is secondary to operational survival right now.

Wartime rules are in effect. Everyone just heard it live.

The mood shift, the urgency, the tone, the pressure... all real.

This is what corporate in distress looks like when management says it out loud.

Now you know.

Nothing seems to have a good captaincy anymore. Sailors are shaking the boat. In Visa domain knowledge and love for systems is not rewarded anymore. New direction is looking at easy points. Share prices stumbling. Old people are let go. Maybe if there's any small indication, it is right time to part.

Leaders have started meetings this week to address cutting resources, mostly onshore, before eoy to meet 2026 budget and mgcc staffing commitments.

On a similar topic, there continues to be odd conversations about consolidating into a single Cary building which would only be accomplished by more cuts and offshoring.

The future doesn’t look very good for those stateside.

Orlando plant closure is the start. What’s the next step?

Layoffs will be bigger than the 15% wave a year ago. The goodwill write down will be in excess of 1 billion, and that will lower the EV and push Debt to Equity to over 1000%. Access to debt markets will effectively cease, and vendors that aren't getting paid in a timely fashion will Dun XRX. Also, the fact that the patent sale hasn't produced any dollar amounts, or hype from SB, means it is probably a terrible deal. Those patents are part of the EV of XRX and will further degrade the value of the company on the next call.

https://www.itpro.com/business/business-strategy/ibm-layoffs-loom-as-single-digit-percentage-of-global-workforce-set-for-cuts

We are interviewing at least 3 current Belk planners and buyers at my new company and that's just for open positions on my team hahhahahaaha.

They are losing so much talent and I am here for it. FAFO

Per internal docs it appears that the entire mid market channel (from VP down) will be eliminated due to poor business practices. SMB directors and their teams will be assuming mid market roles and territories. Retail store GMs will be dissolved and stores with low door swings will be closed. This is expected to be announced 11/17-11/21.

This merger is really making me think about who bought who? So far looks like a lot of Xerox folks got cut in favor of Lex and their processes. I guess that’s the big solution? As always, it’s just rearranging chairs on the deck of the Titanic.

Never seen such a clear excuse to use to cut people who arent aware of not being in compliance

Unclear if it’ll happen this year since on the ML town hall, he said no but shareholders like to see people’s livelihoods go away so may happen. What do yall think?

Also some audit is going on where they are moving people under one or two people back to the top layer. Why would they be doing that? Flattening the org so to speak.

A lot of verified assessing and head hunting at the top for 2026 as we end 2025. A big big profit year is needed as Wilson bids farewell and takes his millions and millions of unearned capital with him and sets the stage for his heir apparent in 2026.

A lot of restructuring coming, a lot of combining and aligning of areas happening, a lot of movement of additional services to vendors and overseas, implementation of the incomplete and flawed AI too early, and reductions in force are a certainty as we head into the first half of 2026.

Get your fe--s consolidated and be ready for what is coming.

MPs were the first to go this week. Maybe this means no more markets??

Major layoffs

Hello everyone,

Did anyone hear anything about planned layoffs for the people joining from TSYS?

What is the goal besides layoffs? Any insights?

Multiple people in Operations in Carlsbad. Any impacts anywhere else?

Today italian office announced the layoffs of 35 people (out of 120 FTEs)

As Perrigo continues to slide despite laying off hundreds of people and affecting many families they are now advertising that they will give 52 weeks pay to anyone who stays on at the Vermont site until 2027. Considering long term employees received 1/4 of that (or perhaps nothing going forward) its shameful.

https://www.samessenger.com/news/business/perrigo-georgia-hiring-operators/article_f845eed2-e6d4-400f-b38b-591e6ba0a29f.html

Any Allina legacy people read this? Any of the Epic people get hit yet, or was it just infrastructure(me and friends) and almost the rest of help desk?

Big companies are laying off and repositioning themselves to run more like a start up. Why? Because everyone has AI FOMO! Everywhere you look billions are being invested in AI. The work force is getting trimmed before companies understand whether or not AI can deliver on all that it's developers promise. Sending all your employees the message that they need to worry about their employment just days into your new position is not the definition of leadership. This is not how you build a winning team. The posts on this board are a reflection of Dan's leadership. You have yet to share the substance of your vision on just how Verizon will pivot. All you have accomplished so far is the demoralization of the work force. You are getting off to a very disappointing start.

I don't know if this is a company thing or a district thing but why would Walmart make Team Leads have to do an evening shift two days a week? Our store has informed all Team Leads that twice a week they have to work a 7-4pm shift and a 2-11pm shift of they have to step down as team lead. Many of our team leads, who are great, have kids or are single parents and cannot take off or find child care for this. Why does Walmart ask what days and times you can work and then make a rule like this.
Also, why does everyone in the store now have to have open availability? Again, why have me fill out a form and ask what days and times I can work and now tell me I will work when and on what day they want me too or I wont get hours. One of our best associates has a special needs child and has to take him for treatment on a certain day and a certain time. Now they have scheduled her for that day and time but she can't make it so she has been cut from 40 hours to 25 hours. Seems unfair and maybe illegal. Thoughts

I have been part of the business for nearly two decades, and it’s clear that the IT department is in need of a significant overhaul. The current approach of allowing offshore teams to make critical decisions is creating disconnects with our actual business needs.

Recently, a data engineer who had been associated with AAP for 11 years on contract was let go with very short notice. Before his departure, he was required to train other team members for several months — far beyond a standard knowledge transfer. This decision not only undermines morale but also poses a serious risk to business continuity.

From a humanitarian perspective, the timing of this decision is concerning, as finding new employment during November and December is extremely challenging. When employees feel insecure about their positions, their performance and commitment inevitably suffer.

• Irrespective of performance
• 3-6 month packages

I can’t believe how much talent will be forced out over the next year through the country studies. We are struggling for good people already and we are walking off the edge off a cliff blindfolded. It’s not if but when this will blow back.

RVP’S and GvPs are told to churn and burn all store managers and associates

Push as many people out as possible (managers included) get em out, get em in at a lower pay rate

They now want frequent turnover to keep costs down, always hiring at a lower pay rate

The quality of the person they hire does not matter as long as they are low cost

Some people won’t quit, so they increase workload, micromanaging, favoritism, ect….you see this at belk time and time again

It will only get worse

Get out if you can is my only advice

I know certain roles in RMC cannot be outsourced but curious what the rumblings are on where and when they will be doing layoffs?

“We want to let you know that we've made the difficult decision to no longer offer Behavioral Health services in New Jersey“

https://patch.com/new-jersey/hoboken/optum-lay-572-workers-closing-pediatrics-mental-health-offices-nj

Q is like swimming pool. There is an implicit honor system in a large company that people should behave professionally and with integrity and respect for each other. Instead, at Q, everyone, especially the shameful middle managers and VPs, just sh!t in the pool every chance they get. It's disgraceful. They'll do anything for a buck and job security. People who stick around get what they deserve. Its one big cessp00l.

Got letter saying there are openings to apply for. Did they let too many of us go?