#workforcereduction

Hey guys I report to Dean Brauer from what I understand it’s going to hit hard your immediate teams will be cut in half. So everyone your with today only half will be there next week good luck v teamers

Just heard of a handful of long time employees that were let go.

https://newsroom.paypal-corp.com/2023-01-31-Update-on-Our-Transformation

I thought DII was going to be our bread and butter for monitoring, They cut half the team today. I believe other orgs were also impacted.

Wow. I heard they’re about to lay off another 2000 employees, most likely in order to make room for fully in person work next year

https://www.calcalistech.com/ctechnews/article/h1cjws5xwx

Cisco to lay off dozens in Israel as restructuring hits local operations

Entire group was fired yesterday and another one in london is planned in the next few months. The train replacements in india and then fire the OG team.

I was shocked by dolls vp gutting. Some seriously big deals. Who did a lot. What happened?

The retail stores that are turning franchise are the following.

• Under performing year over year (all metrics, not just growth)

• overlapping/ redundant stores, including stores in congested markets (example, districts with stores within a 30 mile radius from each other)

• locations with upcoming expiring leases

• locations that have not been remodeled

• Mall locations (all)

The cuts outside of stores closing will be support channels, R2B reps/managers, Sr operations analysts, training, director consolidation, sr director consolidation, market presidents and VPs and their support teams (executive assistants, etc.) Retail stores with 3 assistant managers.

Anyone know if this is contractors too?

Starting layoffs at agent level in merchant and card.

That's how it was done people... someone up your chain had to do this.

"Give me a ranking of your employees."

Be prepared, some groups are going away entirely and some groups could lose 50% of the team.

"You have 10 people? Make it work with 5." -- Dan

People, sadly, it doesn't matter if you're an excellent employee with great reviews and work ethic. Dan has relegated people to simply being a number. X number of X are getting whacked. I wish I could say this wasn't true, but it is.

If they're telling you they don't know they're either lying or they're on the chopping block too. Calls will begin on Thursday (100% no doubt).

This is THE worst kept secret in Verizon... and elsewhere for that matter. Upper management is ticked off that this leaked. Honestly, what do you expect when you "whack and hack" 15% across the board without really knowing what you're doing?

I am feel sorry for those let go because the job market right now is just not great. There is life outside of Verizon, you may have to look for it ... for quite a while.

Good luck people...

T

Does anyone know when the towers layoff will occur? If you don’t know can you give your best estimate's ? Just trying to prepare myself. What percentage of business and dnd folks do you think will be affected?

Been hearing rumors through the grapevine of more RIFs at RFAB

This has been going on for months now. Off shore India teams working during US workforce hours. The writings on the wall. Fiserv not supporting the US employees with this strategy. Good luck.

Apparently, there were some layoffs yesterday. Will it continue today and throughout the week or is that it?

November 19th has been confirmed as a Wednesday blood bath. Then later in the week, or the next week for a 2nd RIF round. I was told not just US staff either.

Bumping this from @we+1k9zcd9zv for important info.

Verizon's number of employees has been declining over the years. Here are the numbers:

• 2024: 99,600 employees, a 5.5% decrease from 2023
• 2023: 105,400 employees, a 9.99% decrease from 2022
• 2022: 117,100 employees, a 1.1% decrease from 2021
• 2021: 118,400 employees, a 10.44% decrease from 2020
• 2020: 132,200 employees, a 2.07% decrease from 2019
• 2019: 135,000 employees
• 2018: 144,500 employees
• 2017: 155,400 employees
• 2016: 160,900 employees
• 2015: 177,700 employees

The decline in employees is part of Verizon's restructuring efforts under new CEO Dan Schulman, aiming to reduce costs and improve competitiveness in the telecommunications market ¹ ² ³.

nterpublic Group (IPG) has reduced its workforce by 3,200 employees this year, including 800 in September. 2026 will be even worse. The folks running the company are clueless and there is a ton of greed. That's my opinion and I do not see things changing any time soon.

Everything is a guessing game at this point.

Customer service and store channels to get a complete overhaul with new leaders and possibly a lot less of them to flatten our business?

Pull back of vendor customer service? By how much?

Work visas to be cancelled?

200 stores will be going to indirect with less support. More to follow?

Value organization to be drastically trimmed and a single brand for all prepay? Total to be sold off?

VSP offered for anyone who wants it?

We will all know soon. Until then. Do your job well. Get your end of year performance documents ready. Stay focused.

Any teams from EDA affected? Anybody from Germany?

Heard the NRB is going to be hit off with the amount of excess engineers hanging around

The fifth round of layoffs since 2022 comes despite a net profit of about $39 million in the third quarter.

https://www.calcalistech.com/ctechnews/article/h1y4ejyg11g

100% confirmed through word of mouth and linked in posts.

Many Sr. Directors were axed today in retail and across other orgs. Everyone else impacted will be notified on Thursday. For Band 6 (Directors & ADs) employees that are impacted, I'd encourage you to take the package they're offering because there will be more cuts and the severance might be worse.

How much are 15k livelihoods worth to him?

So believe me when I tell you right now their going to give up about 200 corporate owned run retail stores to authorized retailers or close completely some locations,but over the next few years Verizon plans to have no corporate owned stores .All 3rd party sellers.I believe if your on the Verizon Wireless retail side start planning to get out . Even if you survive these Layoffs over the year or 2 .The end is near

Seems like there may be another round this week? Any news?

Big trouble for Dell right now as the AI oasis is an actual mirage. Severe cost cutting is about to happen with massive layoffs about to hit.

No specific date yet, but most teams have started to submit names for the early Q1 cut. Very frustrating to see that workforce cuts are proceeding despite a “great” Q3 earnings performance.

We're pulling in new grads left and right now, and that might be fine if the candidates were strong, but they're really not, and it makes the whole situation feel like a huge downgrade from when this place only hired top talent. With all the layoffs happening, it makes way more sense to bring back experienced people who already know the work or at least hire folks who actually understand what they're doing. Instead we're ending up with new hires who are completely lost and not remotely interested in learning, which helps no one and drags the rest of us down. At this point, a hiring freeze would probably be smarter than pretending this current approach is getting us anywhere.

https://www.youtube.com/watch?v=TpuvjxDNrXk

Most of the job cuts will come from Non-Union positions

The North Carolina-based book distributor Baker and Taylor LLC laid off 253 Illinois workers this month after announcing the closure of its Momence facility.

https://www.pjstar.com/story/news/state/2025/11/16/layoffs-ahead-for-over-1500-illinois-workers-heres-what-we-know/87233878007/

there is 15% cuts coming for feb for gp2025, promise due AI efficency. list is being prepared/finalized now...followed by more coming as part of WP closure

Usually, people are thinking about whether they'll survive within their team. These latest layoffs are about whether the entire team will survive or not. I've never been through anything like this in my life, and I've been working for nearly three decades. It's just on a whole new level.

But that’s just my impression. Not that it makes any real difference. Especially not for the people who just lost their jobs, and not for those of us left behind. I imagine the bleeding will continue.