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Bloodbath in Global Functions today (for Group 1 - AMER)

Worst day in the history of this company, most of the people were laid off - global functions, AMER region.
Half of the people who got the letters have time only till Jan 23, then they will be laid off.
For rest handful of people, package is same, rest benefits go down, specially the bonus was reduced to less the 50% of the current one.
Curious case, a web marketing leader with 13 years was laid off, in comparison to a leader who just joined the company in July.
So much politics, so much biasness.

For Group 2 and Group 3 - leave while you can, only those will survive who are good at licking.

RR sold this company, sold the lives of thousands of people, shame on him.
worst CEO in the history of this industry.


Massive USA layoffs due to new Trump H1-B $100 per application fee

The recent increase in the H-1B visa fee to $100,000 significantly impacts companies like Tata Consultancy Services (TCS), which heavily rely on exploitation of Indian workers using this visa program to employ serf workers in the U.S.
Financial Implications for TCS
ASPECT DETAILS
Current H-1B Visa Fee Approximately $1,500
New H-1B Visa Fee $100,000 per application
Estimated Cost Increase From about $13.4 million to $1.34 billion annually for Indian IT firms
Dependency on H-1B Visas TCS will reduce the USA workforce by 5,000 - 10,000 workers with no severance to ensure profits and senior management bonuses are met for the Sahibs and Zamindars to ensure their loyalty.

US citizens will be prioritized to be fired first during the first round of firings.
So much for loyalty


Trump H1-B $100K per application fee is end of TCS

Trump has finally signed the new H1-B fee of $100K per APPLICATION fee will spell the end of TCS. The fee will cost TCS about $1.65 Billion over three years. Analysts expect TCS to eliminate at least 5,000 US based employees to compensate for these higher fees and losses. Expect TCS to become very aggressive in laying off US based employees and provide no severance.
It’s time to jump ship before it’s too late. The ship is already taking on lots of water.

https://www.business-standard.com/immigration/h1b-visa-tcs-it-industry-microsoft-meta-infosys-google-us-trump-us-visa-125092000255_1.html


Penske and others (layoffs)

Over 100 employees in Illinois will be laid off in the near future.

109 employees at three companies were informed of upcoming job losses due to mass layoffs and branch shutdowns, according to data that is part of the Illinois Adjustment and Retraining Notification Act (WARN Act).

Which companies will be laying people off?

  • The Roomplace Furniture and Mattress LLC, 1000 N. Rohlwing Road, Lombard
  • Penske Logistics LLC, 1835 W. Jefferson Ave. Suite 103, Naperville
  • Touchpoint Support Services (at Ascension Living St. Anne Place), LLC, 4405 Highcrest Road, Rockford

Reasons for the layoffs:

  • The Roomplace Furniture and Mattress is closing a location, affecting 35 employees
  • Penske Logistics is laying off 37 employees as part of a mass layoff
  • Touchpoint Support Services is laying off 37 employees as part of a mass layoff

What is the WARN Act?

  • A WARN layoff is a plant closure or mass layoff, according to the Illinois Department of Commerce & Economic Opportunity
  • Employers must notify the state when they plan to lay off workers
  • In August 2025, 10 businesses reported layoffs affecting about 1,000 Illinois workers, including financial services companies, janitorial contractors, a senior living community, and a nursing care facility

Monthly WARN reports are available online.


Layoffs info

Layoffs across the USA as kyndryl’s new US president Rutledge is demanding grow or else mindset; senior mgt is being shuffled, senior leaders and experienced ppl ousted, they are back to the IBM ways of cut to get growth, which is like throwing the baby out with the bathwater!! Goal is 1400 US ppl laid off - these are ppl making average 150k base pay…. This is how they make growth targets!

Bumping this from @44z+1k33fss5e for info.


Expect More…

Six weeks until the end of 3Q. There’s reason to believe as we get closer to the end of the current quarter we’ll see additional resource actions. Staffing on the tech side is under scrutiny due to the recent and embarrassing VP - contractor scandal. Plus, some projects are going to be scrapped, and, ways to quickly reduce costs before the end of the financial year are being considered. Since headcount is a huge driver of costs, we might be in for a pretty bumpy ride through the end of 4Q.


Saving on severance

That's all the new RTO policy is about. I've seen several articles in the past few months where CEOs openly admit they're using RTO as an attrition tool, to get people to quit and reduce workforce without paying severance. I'm just wondering, do they really care so little about the best people walking away, since that's what's most likely to happen?


Wave 2 - Hold On To Your Ba--s and Ovaries Gang

For those reading this message, there's a chance you've already been impacted by the decisions and may not yet be aware of it. Many of you submitted your selections without realizing that the outcomes had likely already been determined.

I truly wish all of you the very best moving forward. And to those expressing feelings of "survivor’s guilt," please remember that your colleagues are facing real uncertainty show empathy and respect during this time.

For those that are holding on to hope of staying and are still in San Ramon, "God Bless You." I hate saying it but, "I hope you enjoy this next chapter of your life."


Massive round of layoffs coming

Heard from multiple reliable sources who make the calls......This will be the biggest one the company has ever had.....it is confirmed. Nobody knows about "when". It will include everyone from every department, every project, no matter the seniority. Even VPs won't be spared. Junior or Senior, it doesn't matter. Could be as soon as mid September or it could be 2 months from now. Stop the work and start looking for a new job RIGHT NOW. Good luck everyone.


Novo Axes 9,000 Employees Worldwide

Novo Nordisk is cutting some 9,000 staff across its global operations in a bid to generate around $1.25 billion in annualized savings through 2026.

The layoffs amount to an 11% headcount reduction, according to BMO Capital Markets.

https://www.biospace.com/business/novo-axes-9-000-employees-worldwide-as-new-ceo-makes-good-on-cost-reallocation-promise


RIF answer from LE

LE quote from the results call today

“ Well, I think we have substantial advantages because we are an infrastructure company and we are an application company. There are 2 things that happen. As an application company, we needed -- we knew we had to start generating our applications. We just couldn't do it with armies of people anymore. We still need people, don't get me wrong. But the number of people we need is substantially less. And we can build/generate much better applications than we can hand build. And we've been working on these AI application generators for some time, and we're actually using them.”

Might explain the rif. But has anyone seen these magical application generators that will replace the Fusion devs at scale and with security and zero bugs while not breaking anything on a deploy?

Anyone want to comment how we won’t miss the dearly departed staff?


Hurricane July(ie)

Accenture, a global consulting powerhouse, is facing back-to-back slowdowns in new project bookings due to rising geopolitical tensions and economic volatility. While larger digital transformation deals remain active, smaller contracts are drying up. The firm is shrinking its workforce, delaying graduate onboarding, and facing federal contract cuts in the US. Leadership changes and a major organisational restructure underline the scale of disruption. ..

Read more at:
https://economictimes.indiatimes.com/news/international/global-trends/accenture-says-ceos-are-hitting-pause-on-consultants-amid-global-uncertainty/articleshow/121978613.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


It started, 150 workers cut in Tennessee

The health insurance company announced in July that it planned to shutter its subsidiary Shared Health, which specifically served patients with Medicare, Medicaid and special needs.

https://www.tennessean.com/story/money/industries/health-care/2025/09/08/bluecross-blueshield-layoffs-chattanooga-tn-150-cut/85996684007/


EchoStar Bails on Boost Mobile!

EchoStar's loser Chairman Charlie Ergen was forced to give up pursuing his dream of establishing Boost Mobile as the 4th U.S. facilities based competitor due to horrendous Marketing and a lack of funds due to Dish Network flaming out. Couldn't happen to a nicer and more deserving guy as Charlie's brought a lot of hardship into others lives over the years!

Things go from bad to worse as Boost Mobile reduces its head count

500 Boost network employees get sacked as the company loses the opportunity to be one of the "Big 4" U.S. carriers.

Sep 03, 2025, 6:37 PM

Lately, things have been going bad fir EchoStar. After it purchased Dish Network on the last day of 2023, EchoStar-owned Boost Mobile was supposed to be working on replacing Sprint as the fourth facilities based wireless carrier replacing Sprint. The latter had been gobbled up by T-Mobile in 2020 leaving only three major U.S. carriers and both the FCC and DOJ frowned on the reduced competition.
FCC has been accusing EchoStar of being a spectrum speculator

The FCC and Chairman Brendan Carr have been pushing EchoStar, accusing the company of hoarding its spectrum holdings, hoping to sell the licenses for big profits. This constant pressure from Carr led EchoStar to sell 50MHz of spectrum to AT&T for $23 billion. AT&T acquired 20MHz of 600MHz low-band airwaves that will be used by AT&T for its nationwide 5G service called AT&T 5G. The 30MHz of 3.45GHz mid-band spectrum acquired by AT&T will be used for AT&T's faster AT&T 5G+ service.

A Dish Wireless storefront.
Dish Wireless became Boost Mobile last year. | Image credit-Dish Network

Without the spectrum it sold, EchoStar's hope of having its Boost Mobile brand join Verizon, T-Mobile, and AT&T as the Big Four in the U.S. went up in smoke. It's not as though Boost Mobile has been thriving. The number of subscriber declined form the 9 million Boost had at the time it was purchased by Dish Network. Currently, Boost is believed to have 7.4 million customers, a 17.8% decline.

After losing its spectrum, Boost will become a hybrid MNO, or a hybrid Mobile Network Operator. Boost subscribers will use AT&T's network primarily although they also will have access to the T-Mobile network. AT&T will provide the base stations, radios, radio access network (RAN) software and spectrum frequencies. EchoStar will handle the billing, deliver the network core, and and provisioning software.

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Today, the story got uglier as EchoStar let go 500 employees who were working in the company's U.S. wireless network deployment and engineering groups. EchoStar's wireless network was originally known as Dish Wireless and became Boost Mobile after a rebranding last year. In a statement, EchoStar confirms that pressure from the FCC led to the decision to sell its spectrum to AT&T. It still has 76 MHz of airwaves to sell and there is speculation that Verizon, T-Mobile and SpaceX are interested.
EchoStar hopes to retire some debt with some of the proceeds of its spectrum sale

EchoStar revealed its motives for the reduction in head count. "Due to Federal Communications Commission (FCC) actions, the recent announcement of EchoStar selling spectrum licenses to AT&T significantly impacts the company’s 5G wireless network deployment unit. With elements of our network to be decommissioned over time, the company will eventually not house a wireless network deployment workforce. After thorough review of our business operations moving forward, we have made the difficult decision to reduce our network deployment workforce. The majority of impacted employees were notified on Thursday, August 28."

Will Boost Mobile make it as an MNO?
Yes. It still has a well-known name.
24.79%
No. It won't succeed not being a Big 4 carrier.
53.31%
It's too early to tell.
21.9%
Votes 242

EchoStar President and CEO Hamid Akhavan said that the deal with AT&T will allow EchoStar to retire some debt and help fund its current businesses. It will, as noted, be a hybrid mobile network operator and a direct-to-device (D2D) satellite service provider. The executive alsio said on LinkedIn last week, "This is an important step toward resolving the FCC’s recent inquiries and demonstrates our commitment to continued innovation and success."

Because Boost Mobile will continue to exist, just not as a fourth facilities-based carrier, the spectrum sell-off impacts the retail part of the company a lot less than the network part of the business. The EchoStar spokesperson reiterated that there are no changes to the Boost Mobile brand. This is unfortunate for Boost Mobile because many blamed Boost's struggles on its failure to promote the company and its services. Meanwhile, Boost customers praised the quality of the network which is now dismantled.


Software dev cuts

In 2017, a tax bill cut a key incentive starting in 2022 to look revenue neutral. The bill was still a massive tax cut overall.

The cut removed the writeoff for R&D…

That change made it more expensive to hire people in R&D. This included developers not essential to daily business and most scientists. Big cos were hit hardest since they run more R&D at any given time.

For customer service cuts, not affecting us much tho, the reason for shrinkin workforce is different. Companies just do not care. Phone trees, powerless outsourced reps, and broken websites have annoyed people for decades. But firms do not compete on good service, just price…

Investors like hearing about AI replacing this work. Companies cut more staff and service quality drops. There is little pushback from markets or regulators. That means cos face no real pressure to stop making service worse.

It will get worse before it gets better - at 66 it will be late for me.


Excellence and Loyalty

Excellence is irrelevant. Loyalty is irrelevant.

In the end, you’re not spared or damned by the quality of your work; you’re erased because a number had to go down on a spreadsheet.

Getting cut isn’t failure, it’s statistical noise. Like a wreck on the highway, survival at Cisco has nothing to do with skill; just chance, and sooner or later, chance runs out.