#layoffs

I like to drink beer while working.

Not trying to stir it up but someone outside of Chevron was told by a Chevron insider that there’s another layoff coming soon. Anyone else heard the same?

Trolls bug off.

fun fun......

Restructuring Budget (FY 2026): Up to $1.6 billion
Implied Layoffs: ~10,000 – 20,000 employees (depending on mix of roles and regions)
Early FY 2026 confirmed layoffs: ≈ 3,000 – 5,000 publicly reported so far

Remaining reductions likely spread through late 2025 and 2026 as part of Oracle’s AI-driven reorganization and cost optimization efforts.

Had long talk with my VP. Confirmed large cuts and outsourcing 2026. Budgets close to final 2026 but churn still and earnings. I am probably safe he emphasized LBT wants radical change but feels most old timers are lost entrenched and beyond change ability. Losers. Bringing in new talent at top level and at every single level. Expect focused effort at removing all managers directors VPs which are not top 25% and not Dee technical Same with Gr9 and Gr10 Eng who haven’t implemented or wrote specs in years. get rid of PowerPoint professionals.
Going to be a wild ride. 2025 looks like minor change to what is ahead.

Are there going to be layoffs at the local O&Os?

Any layoffs in Atlanta office?

Any details on what happened today?

VCG Operations, CX
Value Operations, CX, Marketing, anything and everything that can be outsourced
Training
HR

so do not complain here, just go and see what other companies are doing.

it's rough.

I’m hearing a lot of rumors about possible RIFs at Verizon, and I’m wondering if anyone knows whether remote or hybrid employees could be more at risk. Do you think Verizon might target work-from-home employees first, or is that just speculation?

I’d like to hear what others are seeing in their groups and whether RTO status is actually a factor when it comes to layoffs.

Electronic Arts (EA) was recently bought out by a consortium that is made up of Saudi Arabia's Public Investment Fund (PIF) and Jared Kushner's Affinity Partners investment firm for $55 billion. Now, a union representing EA workers has publicly opposed the sale and privatization of the company, saying employees weren't properly represented during the sale negotiations.

The statement names the United Videogame Workers-CWA Local 9433, along with the Communication Workers of America (CWA), as now very concerned that the privatization of EA will lead to company layoffs. The union states EA is "not a struggling company," with "annual revenues reaching $7.5 billion and $1 billion in profit each year".

https://www.tweaktown.com/news/108308/ea-workers-fight-back-union-slams-dollars55-billion-saudi-backed-buyout/index.html

That’s insane if true. Can anyone confirm or share details? This is beyond alarming. Good luck to all of us.

When’s the breaking point, the moment everything just falls apart because so many critical roles are gone and there aren’t enough skilled people left to carry the work?

RTO is just one of them. I hate this company and my job. If there were any real opportunities out there right now, I’d be out the door in a second. As things stand, we’re all just at the mercy of swelling corporate greed.

And we still don’t know any numbers yet. Wishing everyone good luck.

It’s also not too far off from closing its major acquisition of Lehigh Valley Health Network, back in August 2024, the latest in a decade-long stream of merger deals that swelled the organization to 32 hospitals. Jefferson had already cut 171 workers in January by outsourcing several back-office functions after the merger, and before, it that had cut around 400 as part of a 2023 restructuring.

https://www.fiercehealthcare.com/providers/jefferson-health-laying-roughly-650-employees-amid-significant-financial-headwinds

I can’t wait to be one of the “chosen ones” in the upcoming cuts. But I’m truly sorry for my younger colleagues, especially those carrying heavier burdens than most and now facing the possibility of losing their jobs. It’s brutal out there right now, and for the sake of the many good and decent people I’ve met here over the years, I really hope things improve soon. When they do, never tie your entire career or self-worth to one company. Your true value is yours alone, not defined by corporate expectations.

14K (20% of the corporation) laid off today or the coming days. All segments, all areas of work.

They could’ve at least given us some kind of heads-up. I’m afraid nobody can really consider themselves safe right now.

Iger has no creativity!

He buys other IPs and cuts jobs to make up the deficit he causes!

As long as he is in charge, no job is safe-except for his of course!!!

I’ve heard all kinds of numbers, with some rumors going as high as 7000. Nobody in my immediate team was affected, but we’re a fairly small group.

The job reductions, amounting to about 6% of the workforce, will occur over the next two years, the maker of Nespresso coffee capsules and KitKat candy bars said Thursday. The jobs announcement came alongside a 4.3% rise in third-quarter sales, driven by higher prices and improved real internal growth — a key measure of volumes closely watched by analysts and investors.

https://finance.yahoo.com/news/nestl-shares-soar-sales-rebound-071714788.html

Every morning, at 7 am sharp the game begins for Booz Allen employees. Count on it no matter what Booz Allen leadership preaches. So, when the music stops, if your left standing without a chair you'll be issued a layoff notice within days if not hours. There are many people inside the company desperately looking for new work. Unfortunately, if you are one of them. Your given an unrealistic amount of time to find new work before a layoff notice is issued to you.

What’s the delay in divestment of the NaKika and Mad Dog assets?
Any update on the layoffs anticipated for November?

Thoughts?????????

Anyone with experience relating to this? Who makes the final call? Who puts the names on the list?

but hold your horses, it's all driven by digital, so really it's not better for the worker. i think they will continue with layoffs

Execs behind closed doors, anxiety in the air, red ink all over the place. Mark my words, Tricolor and First Brands is just the start, things will go South from here. Just my humble opinion, I do not have any insider info (aside from closed doors) to support this but we'll see how the rest of the year plays out.

Does anyone else feel like targets identity crisis and pr image is as responsible for the decline in sales as anything else? The only thing that makes me think MAYBE there won’t be layoffs is because it really would make Target look sooooo much worse to fire people this close to the holidays and would further perpetuate that image of a company self sabotaging their image. I know they will try to spin it as streamlining and becoming more efficient but I think the public will see through that. The Minnesota nice will fade completely. Any thoughts?

Seems almost no one affected in these layoffs. Couple SE’s, 3 sales reps, few project managers?

Did it even total 20 people?

If you're a remote worker, watch out for layoffs. There aren't many left, and the goal is to have zero. FM used to be a decent place to work - now Pulte has turned it into a joke.

Remember when we used to get Best shot awards, exceptional service awards, and the lucky few, annual trips to Hawaii?
Forget the gold Rolex watch from that back alley in Hong Kong, just get me my severance package to sign. That’ll be better than all the awards and trips to Hawaii.

lets fire more american and european engineers and replace them with more indian engineers, middle managers and VPs

they will rescue f5 from crumbling

In Penny's Page dated 10/13/25 it talked about the concept of Ikigai. For those who do not waste their time reading Penny's garbage anymore Ikigai is the intersection of doing what you love, doing what the world needs, getting paid for what you are doing, and doing what you are great at. Penny has either forced people into the unemployment line or has demoted people who once obtained Ikigai. Let's review this for a second. Those people no longer do what they love as they are either unemployed or are now working for a firm and leaders they do not trust and no longer love. The ones who have been laid off are no longer doing what the world needs. The ones who have been demoted are still doing what the world needs as they are still serving their clients who they love despite the failed leadership. The people who Penny has laid off are no longer getting paid for what they do. The demoted people are no longer being paid what they deserve for doing what they do. The people Penny laid off are no longer doing what they had become great at after years of perfecting their craft. Many of the demoted associates have been placed on teams without any direction as to what their function will be due to poor restructuring leadership. I find it laughable how Penny's Page is talking about Ikigai when Penny is doing anything but promoting Ikigai. I also noticed company cheerleader (that is all she is good for), JK, was on the panel talking about this false concept at Edward Jones. The article also brings up that if you feel like you are too small to make a difference you have not spent a night with a mosquito. Well, that is absolutely true. The mosquito is the most deadly animal on earth to humans. At Edward Jones Penny is the mosquito.

I know Risk has been affected. Any other areas so far? Mix of in-office and remote? Please share what you might know.

Truist stock is getting wrecked, worst it's been since MoE. Q3 numbers are expected to be rough, and we'll see that confirmed tomorrow morning. Looks like another Project STAR is coming soon, and it'll be even bigger than the last one. Truist is struggling, mostly due to mismanagement by Bill and team, coupled with tough economic conditions.

I find it ironic that Cisco who’s known for layoffs has these sales leaders who are well off preaching about supporting the homeless when they directly contribute to the issue. Many people who get laid off have families and houses and losing their livelihoods can directly impact their ability to provide for their families and potentially lose their means of shelter. Look the mission is great but doing this at a company like Cisco feels tone deaf