#updates

Any update on network team this week ?

There is a lot of knowledge out there. More than a few know about upcoming layoff dates for FIS associates still servicing the FT contract. If not the dates, then the outcome. It would be a real kindness to let those expecting to be laid off know when that might happen. Clearly, this space is being watched carefully by many, spill.

https://www.cracked.com/blog/the-6-most-effective-ways-to-lie-your-resume

What's the latest on the IOL expats? Seems like many of them were in scope and were going to be getting communication, as it sounds like the company wanted to reduce the number of expats. Any updates? Are many of them coming back to take jobs back at sites or the office back in Canada? Staying where they are on expat? I'd be surprised if any of them would be getting let go, but stranger things have happened.

Any further updates on CEO or CFO looking at the pension and removing it or changing the program?

Any update on the remaining 175+ employees at the West End Center?

Wednesday. 25%.

Hi folks,
Is there any news if EurAsia structure will continue? Any news on OLM and RLM structure? Recently lot of Eur-Asia LT changes.

Anyone else received business update meeting invite for this Thursday? Able to elaborate?

Are announcements going out today to Store Managers? Did it already happen? Any updates?

Hi, anyone out there know if there are any changes or elimination on management positions?

As someone who is not an employee but is worried, I'd appreciate if you all can share what's happening day to day. Hoping this thread continues, I am just initiating for today .

I was told that any movement is targeted to be finalized by end of Q1. Does anyone have dates or any other info?

Has anyone heard anything more about the in office changes?

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https://twou-production.nyc3.digitaloceanspaces.com/media/documents/Final_2U_2023_Transparency_and_Outcomes_Report.pdf

Has anyone heard any updates on RTO? How many days in the office and when would it start?

Anyone drinking the Kool-Aid still? Read this: https://simplywall.st/community/narratives/us/diversified-financials/nasdaq-fisv/fiserv/puwknbpq-tech-giants-blockchain-and-fee-pressures-will-erode-profitability-e9qo/updates/3-3-analysts-have-slashed-our-fiserv-fair-value-estimate-from-ab?utm_source=Braze&utm_medium=email&utm_campaign=CommunityDigest

Anyone?

It is with a heavy heart that I post the waiver approval pushed by the AAR....It is unfortunate that those who currently sit in charge of official agencies make it no less than a perfect storm for the railroads to get what they want. I do not yet know the current status for the waivers for signal inspections, but they are sure to get approved as well.

Geometry cars are already being set aside, and some track inspectors are to be impacted slowly until %'s are satisfied.

I heard rumors of changes coming to commission… anyone else? I’m hoping it’s just rumors! My Supervisor says she hasn’t heard… but let’s be honest… would they say anything?

It could be a chilly summer season.

Nearing the end of the year and making some headway.

VLO: +33%
MPC: +29%
PSX: +19%

3 Year:
MPC: +91%
VLO: +64%
PSX: +63%

Any updates appreciated.

I know you are out there. What changes are they making to how comp reviews are done in January? I noticed HR didn't update the comp ranges this year, those ranges that show the min, mid, max. Those are usually done by now.

I’ve heard timelines all over the place, from now through March. Has anything new or reliable come out?

Another round effective today.

The news of today’s company-wide layoffs, which impacted most business units, is a difficult blow for our team, the industry, and especially those directly affected. The cuts were heavily concentrated in customer-facing positions, customer support, and engineering, signaling a strategic shift that is raising serious concerns among customers, partners, and investors.

The Elephant in the Room: SAP and the Rule of 40. Reports have been circulating that our executives are aggressively optimizing the company to meet the Rule of 40 financial benchmark, a common metric for SaaS companies where a company’s revenue growth rate plus its profit margin should equal at least 40%. This comes amid rumors of a potential buyout offer from SAP.

This approach prioritizes a quick financial metric over the long-term health of the business. Investors, partners, and especially customers should be asking: What value remains in a company that sacrifices the people who build, support, and sell the product for a short-term multiple?

My thoughts are with all of the incredibly talented individuals impacted by today's news.

Hi, any word on today’s layoffs? I am on vacay this week, but kinda stressing. Anyone got updates?
I heard it's not going to be pretty at all.

Any news?

I’m already getting cryptic comments in meetings and people are talking. If you hear anything before whatever change is coming next week, post it here!

TIA

Tracking participants count #general Slack channel in Oracle One workspace, as the fastest available proxy indication of ongoing layoffs.

• nov01-nov30: 1614 layoffs, 1327 additions (based on Slack regular tracking)
• oct01-oct29: 1950 layoffs, 1689 additions (based on Slack regular tracking)
• sep02-sep30: 6275 layoffs, 861 additions (based on Slack regular tracking)
• aug14-sep01: 733 layoffs (based on Slack very few data points)
• aug01-aug14: ?2900 layoffs in IDC (based on media reports, no public info about other locations available)

Regions outside IDC and NA usually have a significant delay when laid off people are disconnected from Slack (e.g. 1 month in Pacific regions, perhaps longer in some EU countries), so this is a floor estimate with additions reflected immediately, but reductions lagging behind on average.

I will post daily in comments on the count change and running current month total while this post is still on the first page.

So, on Monday we have a Consumer Group all-hands with Sampath. Immediately followed by one with DK for Value. I normally hate all-hands calls, but this should be interesting. Any bets on topics?