#wfr

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Even more cuts in Des Moines

The newest notification added 20 more employees to the list of layoffs, bringing the total count to 301 after an initial paring of 49 in February, according to Iowa's Worker Adjustment and Retraining Notification site.

https://www.desmoinesregister.com/story/money/business/2026/07/23/wells-fargo-layoffs-west-des-moines-iowa-jobs-workforce/91022267007/


"Alumni"?

I'm not an "Alumni".

  • You FIRED me after 2 decades of stellar reviews & documented accomplishments.
    *"WFR" is a nice way of saying "we can replace you for pennies on the dollar by offshoring your role". ONLY the execs are allowed to maintain a good quality of life. Back to the streets with you Peon!
  • I was "told" I was safe...lying corksoakers.
  • Corporations are fully vested in the two layers of societal ranks. Either you are rich or you are poor & on government assistance. Dell USED to seem like they cared for "their" workforce. Nothing could be further from the truth today.

We are NOT Alumni. If you are kicked out of College, you dont get to claim to be an "Alumni".


Ayman + The Board directive

Ayman was given the okay from the board (including approval on HUGE spend) for what is unfolding now for F27. The caveat is that these investments must grow the business in each product group by 2%. To be clear, not an overall %, but each sales BU must show a minimum of 2% increase in sales. This investment is the cost associated with the new GTM planning and execution (a big chunk of that $$ is that all of these leaders now running the geos and various markets plus the new reports to Ayman received huge salary increases amounting to millions), $$ SKO participation, using consulting companies to help get the company on track ..surveys, planning models, etc...). The reason for all of this is the board expects to see the stock double from where it lands after final f26 results announced. The rest is moot. They don't care who resigns, they don't care whether anyone is paid what they are worth, they don't care about cost of living increases. They are going to THROW a huge and ongoing level of pretend value to employees like access to full copilot, fluffy virtual clubs you can join including those for underrepresented employees (women, minorites), surveys to get your opinion, all to convince sellers that they are behind you and your success as you face huge quota increases. Non sellers - if you make it through the end of the calendar year (2 more planned WFRs, names in boxes already), expect fewer peers and more work.

Ayman and the senior leaders get huge $$$ if they make this 2 % increase and if Ayman fails, he and his ELT get replaced.

Expect major increase in inspection.

Board is still making decisions. Ayman is their puppet.


AT&T this morning

Wells Fargo analysts started coverage of AT&T with a sell rating and price target of $18, implying nearly 15% downside. They are worried the telecom giant will likely lose ground to SpaceX's Starlink in broadband internet and, further down the road, could be threatened by Starlink's mobile ambitions. These aren't exactly new concerns. Just take a look at AT&T's stock chart, with shares down over 20% in three months.


Red Rover Interactive Cuts Staff After Raising $20 Million

Red Rover Interactive is making layoffs. The studio developed the game Enginefall. This action follows the company raising $20 million. The article does not specify the size of the cuts. It also does not detail affected departments.

https://gamedev.net/news/enginefall-developer-red-rover-interactive-is-making-layoffs-r4285/


Just the facts

I'm not getting all those discussions whether it's now over, the wfrs. You don't listen or what?

We are only two thirds through the costs savings program. One third is still ahead of us. Source: CFO, Q3 investors call.

Do you think one third can be achieved by forcing us to bring our own toilet paper to work?

Profit growth of 10 percent is only attributable to the wfrs. Source: same. Yes, that's the way to huge profits! What else?

P/E ratio is between one third and one half of industry peers. OT is profitable. Normally investors must be queuing up. And still no one wants to buy? Haha, "our investors are patient, they give us time" (source: was that Ayman in the last show?)

Our most important asset is people. Important is attracting good talent and keeping good talent. Source: all hands town calls, those clowns with E- and C- titles. Who of course kick the best people out. Do you really believe them? See a doctor.

Trust no one but yourself. If you do not have financial buffer, start building it now. Start looking for alternatives. Many postings here can be made by those who want you go by yourself, to save on severance. You do not have to, but just make sure you are prepared.


Bungie Faces Massive Summer Layoffs

Bungie reportedly faces significant layoffs this summer. Around 50% of its 800 employees, or 400 staff, are at risk. Sony reported a $765 million impairment loss due to Bungie's underperformance. Destiny 2 support ended, and Marathon's recent efforts failed to improve its standing. Rumors of impending layoffs at the studio circulated last month.

https://www.psu.com/news/bungie-reportedly-set-to-lose-around-400-staff-members-as-a-result-of-summer-layoffs/


Visual Concepts Cuts Jobs After Mobile Game Underperforms

Visual Concepts, known for NBA 2K and WWE 2K, has experienced layoffs. The team working on WWE wrestling games was most affected. The mobile game WWE 2K25: Netflix Edition is cited as a main reason. This game reportedly did not meet expectations. Netflix will not renew its contract for 2026 and 2027 editions.

https://news.instant-gaming.com/en/articles/19564-visual-concepts-nba-2k-wwe-2k-has-been-hit-by-layoffs


i’m holding out hope to land something

i was part of the wfr a couple months ago and still don’t have a job. i turned down one offer from a var due to bad reviews around bonuses and shady practices. mentally i feel relieved because i couldn’t sustain what dell had become in my area, but the job search has been rough.

i’ve even looked outside tech, and it’s clear my time at dell signals i’m older. i was hoping to retire there in a few years. ageism feels real, stuck in between too young to retire and too old to hire. i’ve even been asked my age in interviews despite it being illegal. still, i’m holding out hope to land something, ideally with a much better culture.


Fourth quarter and full fiscal year 2026 financial results on Thursday, May 7, 2026

heard that its likely to be the worst ever result for dXc.

Here comes mass WFR - just like Meta, AWS, Microsoft have announced this week... except dXc can't blame AI as the company hasnt worked out the innovation yet, still trying to insert the X factor.


Watch your back

Can confirm that company is actively monitoring office attendance and employees who are not complying with what is now policy will be terminated. Also, outside of sales-coded roles, there will be NO hiring for virtual employees. Waterloo is the primary favored location due, in part, to a lower salary range for Canada and the fact no health care contribution is required. In short, Canadian employees cost less.

Company IS eliminating 15-20 percent of the current workforce through WFRs, carve outs, performance and violation of policy.

Watch your back. Managers and leaders also work from company sites as they are also required to adhere to office policy outside of sales and yes, they will report you if they see coffee badging.

Bumping this from @jq+1kpeh2t5w for info.