#layoffs

How we feeling?

Everyone keeps saying our org will get the deepest hit.

My team specifically was even mentioned on here….

Looks like some people in Global Ops were laid off last week. Can anyone confirm?

So hearing from multiple sources inside and outside of the company that our management is pushing hard for a sale to Thoma Bravo. They own multiple companies in complimentary spaces.

This is what the industry has to say about them:
Employees at the companies it acquires,experience can be negative, often involving layoffs and a focus on cost-cutting after the acquisition.

I never thought I’d see the day where Edward Jones turned into just another corporate machine. The same firm that preaches about “purpose” and “caring for people” just tossed hundreds of loyal employees aside like they were nothing.

Penny stands on stage talking about culture, humanity, and doing what’s right, but where was that when real people lost their jobs? Where was the compassion when the folks who gave everything to this firm got a calendar invite and a script?

They say “we’re one Edward Jones family.” Really? Because families don’t abandon their own while the top leaders keep cashing seven-figure checks. Penny took home close to $30 million last year. That’s not leadership. That’s greed dressed up as vision.

People here used to believe in something. We believed that this place was different, that we treated clients and coworkers with respect. But now it’s just buzzwords and hypocrisy.

The worst part? So many good people still inside feel stuck, scared to speak up, and scared to lose the job they’ve given years to. Even GPs… The silence says it all.

To everyone who got cut: you deserved better. You carried this firm. Don’t let this break you. The problem isn’t you, it’s a leadership team that forgot what it means to lead.

Edward Jones can say whatever it wants in the press. But inside these walls, people know the truth.

After project 25 we were told that that was it by the board.

Then why are there more layoffs? I don‘t get it.

Why does every layoff post on LinkedIn sound like: "Oh, I am devastated to be impacted… but eternally grateful for this opportunity to realign my professional synergy?"...

Bro, you got laid off, not inducted into the Hall of Transformational Growth Fame.

It’s okay to just say it phaking ssu-ks...

Out of work for over 8 months, and it’s hard out there.

I had a number of interviews where I lost out to an internal candidate…

when I really thought I was going to be hired. I came back, managed to secure a substantial pay increase in the process.

I took the job without hesitation, after being out in a very tough job market. > 50, > 20 years in…. I have a radically different view now of this place.

I’m going to just try to hang on until retirement, I will move afterwards 2 years into a different position, no more loyalty to the area I work in.

There’s talk of more layoffs coming, although the last round didn’t address the real issues and was just a quick fix to cover overspending. Cutting experienced employees with deep knowledge of the systems has created gaps that are hard to fill. The company is losing people who understood how things worked, and new hires don’t have the same level of expertise. Until leaders make real changes, it’s unclear how things will improve.

How do support roles usually do in these situations? Thinking L2-L4. It’s my first corporate layoff, so curious if anyone has previous knowledge from past experiences.

Indian Media house paid huge sums by Nasscome affilites to cover up layoff news and fake fresher hiring propoganda started

Will managers or directors will also get the prorated bonus or it's only VP and above?

“Making employees stew over the weekend is an unforced error by incoming CEO Michael Fiddelke. Forcing employees to spend five days in agonizing uncertainty is inexcusably cruel. This first major decision by Fiddelke is a case study in corporate tone-deafness.

Under current CEO Brian ‘Brand Ki-ler’ Cornell, Target's inexplicable pandering to the Trump regime—including the rollback of Target's exemplary diversity, equity, and inclusion (DEI) initiatives last January—has already sent TGT stock plummeting 33%, wiping out over $20 billion in shareholder value by mid-September.

Fiddelke, Cornell's hand-picked successor, has immediately embraced the same cluelessness that further damages the Target brand. The effort to secure $600 million by eliminating 1,800 jobs is cutting off your nose to spite your face.

Executing these cuts in such an unnecessarily cruel manner does absolutely nothing to dig the Target Brand out of the hole Brian Cornell put it in. It also does nothing to revitalize and cultivate the cultural and creative energy that is essential for long-term growth.”

Bob M. via LinkedIn

The Q3 call will be a disaster as most quarterly calls have been since i left. Capt Clown will then go on about re-invention and how 'the street' is believing in the re-invention. LOL
Friend who is still there told me that Xerox isn't paying any bills until the new year. Probably won't have cash for payroll. Rest assured the SLT will get their bonuses and probably a raise. Congratulations to Steve, Louie, Miranda and all involved, you can celebrate running an ICON into the ground.

I’ve been through many, many layoffs in my time in retail (20 years) and just sharing what I’ve learned having been in various roles at various levels including IC and leadership (dir+). I have also had really good friends and partners in HR and ops finance over my career who have been at various levels of need to know (and they share with me of course 😏).
THIS IS NOT INTEL - I do not have any information about TGT. This is more so sharing facts rather than feelings.
Simply put, the fiscal calendar is important when making layoff decisions. Layoffs are planned for the immediate expenses (the severance packages, outplacement programs, health insurance premiums etc) and forecasted long term savings.
You may be asking why Q4, well it’s because this is when most retail companies make their season or year. And because most of the prep work for the season is done and everything is execute mode so it doesn’t have as much impact on the immediate business.
You budget for these layoffs (yes, budget. So a layoff this big has been coming for a while). Once they are reviewed and approved by the board, goal is to get them in before Q4 so you can chip away at the expense drag that the layoff causes through revenue generation. You also want to hit the expenses in the current quarter, especially if quarterly earnings report is going to be rough. You want to minimize the impact to the next quarter.
Then long term the savings reflect in the new fiscal year and helps at a time when sales are generally slower.
In the simplest form you spend now to hopefully recoup some, protect the next quarter, and then save later in the new year.
In terms of WHO is impacted, it’s not an easy exercise and certainly not one taken lightly. I know that’s not easy to hear because it’s much easier to blame the proverbial big bad wolf, but I assure you no one in the general sense wants to be in this position. no one wants mass layoffs. Everyone would love to hire and build out their teams and be offering promotions and bonuses all the time.
Unfortunately, in addition to the sh---y macro financial environment, some poor decision making, some external factors, and some decisions made when the company was thriving (over hiring, overspending or over indexing into certain teams and initiatives) leads to this.
I’m grossly oversimplifying how the company got here but just keeping it simple.
So back to WHO. Well at the highest level (think SVP+) you would receive notice of expense reduction efforts (either a dollar amount or %) and they would look at where to cut and save (travel, discretionary spend etc) and then when there’s no more to save there, you move on to the teams. You look at where the work is currently, where it’s needed, where teams are doing similar work, or maybe work that is no longer value added, and decide where it would make sense to cut folks, where it would make sense to consolidate teams (for example if you have 3 directors with one direct report each, would it make sense to combine a team and create a team of 6 with only one director) or where it makes sense to have both a dir and a sr dir based on complexity, leadership necessity, size of team or where it might make sense to only have one over the other. At the end of the day you just have to do what’s best with the hand you’re dealt while trying to minimize the impact to operations, workload and yes, culture.
Because at the end of the day, there is a day after layoffs and morale of the teams is crucial to how you move forward (it’s kind of ironic but I digress).
I would venture to say with all of this in mind, many leaders have been quietly not backfilling roles, losing jobs through attrition (people quit and role is not rehired) or asking their leaders if there’s any work that could be stopped, moving resources from other teams where support is needed more and away from teams where there is maybe fat to trim in order to prevent or at least mitigate big cuts. But alas, sometimes the only way out is through.
Alright so who knows what, now? VPs probably knew changes were coming, and maybe could influence who and what in a general sense. Based on the posts on here, they just found out officially this week and they probably had to sign strict NDAs.
It’s also possible they walk into Monday or Tuesday and get handed a list of who and what so as to not have anything leak beforehand.
As for the people impacted…
The goal is to do this as fairly as possible.
Is it possible favorites are played when deciding who to keep? Sure.
Is it possible top performers were never at risk of losing their jobs? Sure.
Is it possible bottom performers were an easy first decision? Sure.
Is it possible a leader sees a name on a list and says “absolutely not” and a role is miraculously found for them? Sure.
Is it possible a leader sees someone moving elsewhere and says “hey actually it makes sense for this other person to go over there based on their skill and for this person to stay here”? Sure.
Will someone say “hey I actually want to retire so take me out and save someone else”? Sure.
Is it possible some people know where the bodies are hidden and so they must be protected? Sure. (I’m mostly kidding, but I’ve definitely experienced layoffs where people are asking “how are they still here” and we joke they must have compelling enough black mail to stay lol)
Will some people be promoted if it makes sense to the new org? Sure.
Will some people be demoted if it means that’s the only way they can have a role? Sure.
Is this an opportunity to finally separate someone who is so toxic and has managed to dodge every bullet until now? Sure.
Will people and leaders be moved, lose work or inherit work? Sure.
Is it possible they cut too deep and ask someone to come back? Sure.
Is it possible they didn’t cut deep enough and need to do it again? Sure.
All of this or none of this could happen (in my experience, it’s usually the latter).
At the end of the day it’s going to come down to the work, what makes sense long term for the company, how much it’s going to cost to keep or separate someone and how everyone fits into the larger strategy.
“Good” and “bad” people will go. Just as well as “good” and “bad” people will stay.
We will know eventually what happened in the “post mortem” (aka because we piece it together in here lol).
Anyways, the point of all of this is information however relevant it may be to this situation. Knowledge is power and although it might not give pause to your anxiety, at least you’ll go into the week with some understanding.

What are the odds we get an announcement upping your org’s RTO requirement to go along with layoffs? Double whammy slap in the face per say?

I've been monitoring this site for the last month or so. I'd like to ask whomever knew the actual details (dates, we'll get email to WFH next week, etc) to come back & post what we can expect on Tuesday. Will everyone getting a meeting invite - one group who are laid off & other who are not (at least not this round)? Will it be by pyramid? And why Tuesday? Why not just do it yesterday? Did MF send the email on Thursday because the rumor was growing or was that the plan all along? We didn't get a heads up in 2015, so while I guess it's nice to know it's coming, 5 days notice is just too long.

Are y'all ready for the layoffs? Only 1 week to conclude FY25. It also means we have only 1 week before getting kicked out.

Starting a thread.
Medicare retirees will no longer have dental coverage as of next year.
Would they try doing this to current employees too?

How is the payment replatforming going? Is it still a mess with US folks getting axed by Rama?

Pretty clear from the quarterly presentation that the old Vetco at the very least is getting punted

One Two Gunjan is coming for you
Three Four swipe your badge at the door
Five Six layoffs is how she gets her kicks
Seven Eight your job she’s gonna automate
Nine Ten time to make a friend

Administrators are on standby this weekend to handle the collapse of Petrofac, the oil and energy services group - an insolvency which could threaten the future of more than 2,000 jobs in Scotland.

Sky News has learnt that directors of Petrofac have lined up Teneo for an administration process which could be confirmed as early as Monday morning.

Have they happened? Planned for Q4? Any news?

I had a meeting with my L8 (as an L5) the week before fiddelke’s email that in hindsight really suggested they knew what was up and were trying to prepare me for it because it sounds a lot like my lead (L7) is getting let go.

We can’t possibly have another level up while riffing at the same time…can we?

Target cuts 1,800 corporate jobs

https://www.cnbc.com/2025/10/23/target-layoffs-corporate-jobs-sales-slump.html

I know everybody is spiraling. I’m up in the middle of the night too, so trust me, I’m not doing great either, but I do have, I wouldn’t say the advantage, but the insight of being laid off twice before, so I have a better idea how this will play out. There are two things I know for sure from personal experience, and also from the experience of a few friends who’ve been through something similar.

1. If you’re laid off, you’ll feel awful. It’ll be like a punch in the gut, and it might take days or even weeks to process the anger, disappointment, fear of the unknown, and all the other emotions.

2. After it’s all said and done, you’ll be okay. You’ll shake it off, start making plans, and before you know it, you’ll have a new job. Both times I was employed again within three months, and the severance was more than enough to get me and my family through it.

And before anyone mentions the job market, I was first laid off in 2008, and trust me, this job market is golden compared to that.

My point is, yes, it won’t be pretty if you’re laid off, but it won’t be the end of the world either. Keep that in mind over the next few days, because losing hope in the future can destroy you mentally in the long run, even if you don’t end up being laid off.

For those that work at Gartner they know that if you are put on a plan for success then that means you are being quietly being shown the door. It’s impossible to complete that formal program under the current economic environment. There is a push from leadership to meet metrics, but how can anyone do that when Gartner consulting has a terrible pipeline at the moment and an even worse one going into 2026. Things will get better but they will get much worse before that. Leadership is sitting on their thrones making impossible demands of staff whilst taking no accountability and providing no support to the people who have dedicated themselves to providing exceptional client work. I wish Gartner would stop pretending that things are great and be transparent and let people know that there are more layoffs to come. So disappointed at the company. They are ruthless.

How are these generally handled during reduction in force? Are they prorated?

The absurd gifts and celebrities for the holiday gala can't overtake the news...we still aren't paying vendors even after a 600 million bucks cash infusion..With sales down so drastic it may be time to throw in the towel..

Gotta wonder why only union workers?

https://www.kctv5.com/2025/10/24/furloughs-loom-1600-honeywell-employees-kansas-city-amid-government-shutdown/

The OC has been raiding various budgets related to nukes, including for his golden jet from Quatar. Could there be more?

Anyone know if officers were able to review and adjust who is impacted? I would assume that’s the lowest level that could have provided guidance. It’s hard to imagine cuts being done without some level of direct knowledge.

T is finished. No way back

HPOM was started to standardize the product organizations and make them more lean. There are constant talks about “too many product managers” in most areas. Does anyone know when the next phase of HPOM to lay off most product managers will start?

Finance already runs super lean and has many lower level analyst spots open. Will it be spread even thinner in the lower positions? Will Sr Managers be mostly affected? I would assume that it isn’t the first to be cut..

Merry Thanksgiving and happy f*** you to all the aero employees about to get laid off.
Its going to be a sad holiday season for 20% of aero this year

Stock at the lowest levels at management continues to abuse employees with rampant racism in abundance

This last leadership in action call with JF was pretty comical. They had the usually "woke" testimonials from the usual suspects. Talked about wanting to build a "culture" at State Farm but were also basically bragging about all the people they have run off or in their words this was "not for them". Happy for them that they moved on. LOL! You can tell these are clueless re--rds living in Bloomington that don't fight the traffic, crime, and ghetto workforce that we all have to tolerate. That is the "culture" we have now. JF and his cronies are putzsss! The day this company shuts the doors the better of we the world will be.