#locationconsolidation

Posts mentioning hashtag #locationconsolidation

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Midland Office

By the looks of the Midland office, the mothership is going to be shutting it down soon. No one‘s ever there they’ve closed the whole floor and the other ones are maybe 50% full. It’s only a matter of time before they start leasing out one of the towers. If I were one of the employees there, I would start looking at other competitors that value people close to the wellhead.


Nike Consolidates Global Technology Presence

Nike is shutting down three global technology sites. This follows a recent 1,400-person layoff announcement. The firm seeks to centralize its tech work. Key technology hubs will be Beaverton and India. This supports a strategic pivot from direct sales.

Atlanta, Georgia

https://www.oregonlive.com/business/2026/05/nike-to-close-tech-centers-in-atlanta-china-and-poland.html


Locations closing/moving

Ivine, Tulsa, Lone Tree, Chandler, West Henrietta, Bellevue, Indianapolis, Kenner all closing. Employees going to be told to wfh.

Bedminster moving to Basking Ridge, Richardson moving to Irving, Rolling Meadows down to 2 floors.

Employees will receive info on 4/22

OP: @cj+1kpm2dak3

Putting this up for visibility.


Tulsa

Do we know anything about Tulsa and whether it’s being chopped? Huge cavernous and dated building with a couple hundred people huddling on 2/4 floors in 1/5 wings. I guess we own the big tu-d but been trying to get rid of it for years. Odd that it don’t come up in these conversations about what offices are closing because it seems like the first one I’d get rid of


CSBBO location strategy update email

As part of our multi-year strategy, we have made the decision to exit previous target locations over the next few years. Non-target markets include:
• Wilmington, Delaware
• St. Louis, Missouri
• New York, New York
• Salt Lake City, Utah
• Raleigh, North Carolina
• San Francisco, California (including Concord)
• Chicago, Illinois
If you are not in one of our target locations, please know that there are no immediate changes to your day-to-day responsibilities or where you work-business will continue as usual as we work through this multi-year journey.


Mass Workplace Relocations beginning Jan 2026

So for those of you who aren’t getting information from your managers, directors, etc., the workplace relocation notifications are going to take place beginning first or second week of January. If you’re not in one of the 40 key network locations, the four hubs or one of the 10 to 12 other approved locations you will be getting notification to move to a new office location.

If you’re within 50 miles of your new location, you’ll be expected to start reporting within 60 days. If you’re over 50 miles you will have 60 days to say whether or not you will accept the new location assignment if you say yes you will have until late spring early summer 2027 to make the move if you say no in all likelihood, you’re off the payroll by June 2026. If you say yes, and then the year passes and it’s time for you to go, and you say no, you’ll be terminated without severance.

Everyone, regardless of your role or your organization is affected. Whether you’re a national employee, original employee or a market based employee all these rules apply and many of us are already being told unofficially where we’re headed.

This is all part of a two prong effort to reduce headcount and also reduce real estate footprint. So the company will reduce real estate footprint and obviously save money by selling off those buildings and/or ending leases. Secondly, they’ll save money with a reduced headcount because there’s going to be people who say no right out the gate and others who will leave the company in the term or when the time comes further reducing headcount considering how many people this affects it’s gonna be a pretty steep cut in headcount when it all shakes out.


ANOTHER office relocation to cut headcount

AT&T’s latest office shuffle in San Antonio is fueling speculation about the future of its downtown Dallas headquarters.

The telecommunications giant confirmed it will vacate its office at 1010 N. St. Mary’s Street in San Antonio and relocate to the city’s West Side, according to the San Antonio Business Journal article published September 29.

The move will leave about 400,000 square feet vacant in the city’s downtown office market, which has already been weakened by recent corporate exits.

Sources familiar with the transaction told the San Antonio Business Journal that AT&T signed a deal last week to occupy more than 100,000 square feet at The Reserve at Westover Hills, a suburban complex that had been largely empty since 2021.


If the rumors are correct, Verizon’s 'bold' new direction may apparently include mass layoffs

https://www.androidauthority.com/verizon-shutting-down-stores-3613951/

  • Rumors suggest Verizon will announce layoffs and store closures around November 20, though details remain unconfirmed.

  • The company reportedly plans to shut down less-profitable stores and cut staff across remaining locations, while expanding AI automation to fill the gaps.

  • It’s unclear if other big changes will be announced around this time, though it’s possible that there’s more to this coming shift than just layoffs.


St louis Future

Yesterday was the CRG Governance & Supervision town hall. The future of the St louis location was discussed. For once a Sr leader was honest with the submitted questions:
1- Was asked if WFA is going to stay in STL. Leader paused & answered the questions very carefully. "STL is no longer a growth area". Said flat out they expect the firm to reduce to 1 building (and obvious reduce headcount). Said "that's been the plan all along since AG Edwards". He doesn't expect the St louis campus to close any time soon but it will it's pretty clear STL is no longer a core focus for the firm and will be reducing its footprint.
2- 4 day in-office work week across the firm? Answered would not be shocked but was not his announcement to make. Would come from 1 level up. (ie: its happening but not disclosing when). Explained some groups are already 4 & 5 days in the office.
3- AI will not take your jobs but ironically started the town hall acknowledging there were significant layoffs the day (Tueday) before and some people listed on the handout were already terminated.
It was refreshing to hear a leader be honest even though it was not the most positive answers. It is very clear from the responses that St Louis is not a priority for WFA anymore. How long it will last is unknown. Needless to say the auditorium in STL had a lot of shocked faces but not unexpected.


Remote Workers Speculation

my manager told me he expects remote workers outside LA NY to be hit very hard this week as they plan to phase them out anyway .. if their job was needed - would rehire
this is me - he told me he doesn't have the list - who knows about that ..
anyone hear anything about this specifically -
they would have had to look specifically at where you lived and where your team was ..


CRE or HR document links for lease terms

I understand there are no guarantees in job security and there have never been any with any private job. However, given the way RTO was implemented, how long can we assume the non-hubs can exist and folks keep working there. Is there a realistic CRE document or HR guide somewhere to see which locations are going away what year in terms of leases not renewing etc. I see Austin is a COE. Chicago and St.Louis used to be in there, but now they aren't. There are people working now in Charlotte. So, not getting any clarity on this.


Office Closures?

Any one else hearing about the office closures and consolidations outside of the west coast?

Is your location impacted or is it just limited to San Diego, San Francisco and Long Beach? Seems strange when we are trying to bring people back to the office to collaborate and share.


Repost: When is Des Moines being shuttered?

The previous post was removed for no good reason. No rules were violated in the OP.

So, let's try again.

When is Des Moines being shuttered, and why is it taking so long?

Des Moines was previously identified as a 'specialty' (i.e. not go-forward) location.

Surely someone knows something.

The mortgage operations could easily be shifted to other sites, so that can't be it. Not to mention that the CEO plainly stated that mortgages aren't this bank's future.


AT&T is directing more managers to relocate or face layoffs

  • AT&T is consolidating 22 internal help-desk centers into six US locations, according to sources.
  • The move comes after a memo from CEO John Stankey and an employee survey revealed falling engagement.
  • The company has taken a similar approach to consolidation previously, as AT&T looks to cut legacy costs.

https://www.businessinsider.com/att-help-desk-manager-relocation-stankey-memo-2025-8