#morale

This firm sold its soul awhile ago. PP can keep smiling that creepy smile and tell you it's going to be alright but it isn't. Her and her friends will give themselves more bonuses, bigger salary increases until this firm is either bought or goes public. Anyone getting laid off should do the least amount of work as possible. The firm doesn't care about you, why should you care about it.

Yup, and the email sort of blamed the employees. In any case, just a guess but layoffs are gonna have to happen. Again, no first hand knowledge. Guess they should not have bought two companies.

https://www.aboutschwab.com/leadership

Look at all those smiling faces!! Happy, rich & convinced they work harder & deserve more than everyone else! So proud & accomplished as they send out surveys to support planned pay cuts for everyone but themselves & their club.

Let’s vote here (where our voices actually count just as much as they do at CS):

Which EC member deserves a pay cut the most??

Is the food on the cork site part of the forced wfr attempts.

The standard of the food is frankly disgusting and the menu that gets sent out weekly is often incorrect.

I've been thinking is the food designed to try to destroy our will and quit?

On Aug 7, there was an event celebrating 100 years of innovation at AT&T in Middletown highlighting past AT&T inventions. It was organized by Raj Savoor, VP of AT&T Labs. Retirees were invited because they were the last ones to see any innovation.

Highlight: keynote by Ed Amoroso, past CSO at AT&T who puts Rich Baich to shame. Talked about the future of cyber security (he started his own company after leaving) and gave the top 10 things in Letterman style that AT&T should be doing in the future. Am pretty sure not too many things AT&T is actually doing were on his list.

Lowlight: Some ex VP level retiree stood up during Q&A and said something like "I hear morale at AT&T is now in the toilet, what are you doing to engage employees such that the innovations we have heard about today will continue?" Andy Markus who was on the panel said "we are using AI to drive down costs and save the company money."

These past few days have been incredibly tough. We could all use a breather.

Working at Truist often feels less like being part of a team and more like being dropped straight into the Hunger Games. Colleagues are positioned as competitors rather than collaborators, and every day becomes a test of endurance where management and peers alike seem focused on outmaneuvering, undercutting, or suffocating your progress. The company’s glossy slogans about “Purpose” and “Care” ring hollow—just polished propaganda masking a reality where employees quickly learn those words are for external image, not internal practice.

Human Resources, rather than acting as a neutral protector of fairness, feels more like another arm of the Capitol—perfectly aligned with leadership, but not with the people actually fighting in the arena. Meanwhile, Truist quietly disengages from its most loyal workers, even as Bill Rogers and the executives enrich themselves exorbitantly. With each new round of lavish bonuses and raises at the top, it becomes clearer: the sacrifices of employees are little more than the currency funding Bill Rogers and the executives. In this version of the Games, survival means accepting that the system isn’t broken—it was designed this way.

It’s hard to stay positive these days at Visa. This place is such a downer, but we’ee lucky enough to be employed for now. What are healthy coping strategies that have worked for you?

Associates no longer trust leadership because of their random layoffs. Hopefully those who are still there will remember the dynamics when the next associate satisfaction survey comes out. The typical cycle happens in that the Site Leader will bring in a modest lunch to give the impression of associate appreciation before they drag everyone thru the dirt for the following 11 months. For those who stay long enough to feel like you're being loyal, consider all of the holiday seasons you miss out on before they lay you off

The video's are are being played over and over in SP1 3rd Floor related to CEP need to be taken down! Such a moral inhibitor. We all know those twats won't lose their jobs!

I have never met more people in my life who are ashamed to work at a company.

Everyone I know is looking for another job

ER is swept under the rug for the field. The jargon makes it hard to remember that GPs, LPs and coworkers are being laid off. Some of us search it out, but most don’t see what is happening at all. MP dragged this out so that it does not seem like a big deal when it happens. Make sure you are remembered. Talk to the people in the field and tell them the sickening truth. Tell them about your fear, your anger, your exhaustion. Growth will be built upon your sacrifice, willing or not. Make sure they know. Be remembered.

I no longer want to give my energy or care to my work. I am currently looking for a new role because this company does not seem to get any better by the day.

Sitting by the phone the get my wave 2 call…and it occurs to me how little I’m going to get done the next…week? month?…as I negotiate this theatre. Do they even realize what they’ve done here?

They disabled extensions in Edge so we now get ads. This is the 1001 cut so I am OUT.

what culture changes have you noticed over the last 5 years?

This is mostly for non-Oracle people reading this mess. I've summarized last 100 posts here on layoffs.com:

Based on the provided text, Oracle is in the process of a major, multi-phase reduction in its workforce. The layoffs are described by employees as part of a strategic shift to cut costs and reinvest in artificial intelligence (AI).

The layoffs are impacting a broad range of employees across different departments, levels, and regions.

• Geographic Locations: The cuts are confirmed to have impacted the US, specifically in California and Arizona, with 161 layoffs in Seattle alone and 143 in the Bay Area. Layoffs have also been reported in Canada and India, with "hundreds of roles affected."
• Business Units & Teams: The primary focus of the layoffs appears to be the Oracle Cloud Infrastructure (OCI) division. Specific teams and products mentioned as being affected include:
  • Fusion Applications (FA)
  • Database (DB)
  • NetSuite, with the entire support team in Canada (60 people) and teams in Kitchener being laid off.
  • JET, VB, and ADF product teams.
  • Legacy applications like EBS, Siebel, and PeopleSoft.
  • Industries such as Utilities and Construction.
  • The OCI AI team and AI/ML project management roles.
• Employee Profile: The layoffs are not targeting a single demographic. The text notes that cuts are being made to "H1Bs and US citizens," "Employees based in India and in the US," and "Employees at all levels up to SVP." It is also mentioned that "High performers" and those with "Exceeds Expectations" ratings were let go, along with long-time employees with over 20 years of tenure. One post claims a "senior VP" with "25yrs poof" was laid off.

The layoffs are not a single event but a phased process occurring over several months.

• Mid-August: The initial wave began with meetings and notifications in mid-August, with some employees' access being cut off immediately after a short call.
• September: Multiple sources point to a major wave in September, with one post stating, "EMEA will be hit in September. The list of people is in the system already." Another says, "September 2nd is what I heard for another unit in Europe."
• October: Public WARN filings in California and Washington confirm layoffs taking effect around mid-October. A post mentions, "Next round is Oct 13-15 based upon USA WARN filings in WA and CA."

The provided text suggests that more layoffs are to come and offers various reasons for the cuts.

• Total Number of Layoffs: There is no official number, but rumors and estimates range from 8,000 to "10% across entier company," which would be approximately 18,000 people.
• Strategic Direction: The main reason cited is a strategic shift to cut costs and reinvest in AI. The text explicitly states, "The supposed GDP boosts from hiring workers failed to materialize in reality due to the fact that all wages paid are getting saved instead of circulating throughout the economy." The company is reportedly shifting from a "cash cow" model to "reinvest it in AI."
• Managerial Structure: The text suggests that the company is "bloated with middle tier manager's" and that a "Mid mgmt reduction" is necessary.
• Severance and Benefits: Severance packages are reported to be "4 weeks for first year of employment. One more week for each additional year of employment. Maximum is 26 weeks." Employees have concerns about what happens to their unvested Restricted Stock Units (RSUs), with some noting that they "lost the other 3" years of stock. One employee mentions, "Our group lost a few who were close to retiring anyway but also a few who had no plans. The job market is never as good as you would like but it can always be worse."
• Morale and Culture: The layoffs have had a significant negative impact on morale, with employees expressing feelings of shock, disbelief, and survivor's guilt. The text quotes a post that reads, "You are cattle." and another stating, "I'm getting the fu--k out of here ASAP...I've never seen this before."

Today we watched over 200 years of experience walk out the door as our AP teams in the United States worked their last day. Everything being shipped across the pond to Manila. Don't get me wrong I have no issue with the folks in the Philippines but we lost a huge amount of experience and talent today. I've been feeling it for months already during the "training period." Yeah, the folks in the States had to stay long enough to train their replacements or they wouldn't receive their severance package. It makes me absolutely HATE the organization I work for when I see good folks who did nothing wrong get me to go in the interest of saving a buck. I'm sure I will be on the list soon enough. A this point it may actually be a relief. GPN can find a big fat di--o and stick it straight up, their candy a-s!

I retired almost 5 years ago after 25 yrs of service in several IT departments. I retired because of how incredibly toxic the work environment had become. I come here and look at several posts, and yes, it's still a toxic toilet of despair. I bugged out at the end of 2020, right when we kicked RS out in July '20, and then here came the Stank. He is why I left. Boy am I glad I cut and ran when I did, I love being retired. I really feel for you guys out there trying to keep your heads above all of Stankeys sewage sloshing about.

Is anyone else feeling like a certain new leadership hire in our marketing org is steering without a clear destination? There’s been a noticeable lack of transparency, empathy, and strategic vision. Morale all time low and the only remaining talent left is disconnected from the top-level decisions that affect our futures. No one will submit a complaint with the fear of retaliation and organization RIF being held over our heads. Anyone with me?

Another team lift out in Denver. Nothing to see here folks. Also, a PM left the twin cities.

Senior leadership is doing a bang up
Job.

One after another, all members of Pershing’s technology leadership team were either let go or resigned. Leadership positions have since been taken over by individuals from BNY Wealth and Albridge, many of whom lack a solid understanding of the business. Their actions are causing significant issues, and I hope they recognize the problems before the situation becomes too big to recover from.

If you are at Dell then you aren't great either but just good enough.

There is a long list of Aramco's failed investments over the years. Let's start with Chemicals: Sadara, Petro Rabigh, Rapid and there are more coming. Wall Street research suggests that Aramco will be lucky to get their money back from these over 20 - 30 years, and Rapid isn't even in Saudi Arabia and thus creates no jobs inside the Kingdom. And all of these pale in comparison to Jafurah unconventional gas. The government has given Aramco over $100 billion to build infrastructure for gas that has yet to arrive in meaningful quantities. Management's solution to all these bad decisions seems to be to squeeze employees and contractors. Oh, and borrow more money ... or as Aramco's CFO likes to say "optimize the capital structure". I think I can safely say that everyone outside of Senior management is disgusted. Its not just Expats, good Saudis with options don't seem to want anything to do with Aramco either.