Thread regarding Canon Inc. layoffs

Ominous Stock Buybacks

Canon global is artificially propping up the stock value with huge buybacks at the end of May and throughout June. They did the exact same in the 2 months right before the RIF bloodbath in early July 2024.

If CUSA leadership is planning another wave of consolidations—particularly targeting specialized or manual internal roles to make way for the automated, U.S.-based remanufacturing model, the post-July 4th window (specifically between July 6 and July 20, 2026) is the exact historical and operational sweet spot.

If you're trying to gauge the temperature in your department over the next few weeks, watch for mid-June invites to "organizational alignment" meetings, sudden, quiet audits of your division’s specific workflow volumes, or any mentions from direct managers of "proof of life" for your department to rationalize its value.


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| 5 views | | 9 replies (last 6 days ago) | Reply
Post ID: @OP+1kt23dd9a

9 replies (most recent on top)

@OP Everything you have stated is 100% correct. Any further reductions in staff will have monumental ramifications. HR’s door is always closed, so I can’t gage anything from that, but I’m sure they are cooking up something!

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Post ID: @x5+1kt23dd9a

@bb Document what, for example?

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Post ID: @dk+1kt23dd9a

Yep, this is absolutely consistent with what I’m experiencing. My manager today made us fill out a spreadsheet of everything we do. Claimed that it was urgent and had to be prioritized this week.

They did this back in December as well, one month before the Burlington / Itasca layoffs in mid-January.

The $hit is getting real bad. I’m not trying to stir the pot, I’m just sharing insights from what I’m seeing in the trenches.

It’s time to brace for another catastrophe. Get your affairs in order. Document everything, get your resume updated. Use vacation / sick / personal time accrued before it’s too late. Plan for the worse.

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Post ID: @bb+1kt23dd9a

@an It wouldn't have to be AI if they just transfer everything to the vendor pool and stop direct sales for whatever altogether.

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Post ID: @at+1kt23dd9a

@af Yeah, AI is going to be an inside sales agent. It will never replace a human being.

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Post ID: @an+1kt23dd9a

@ab Things like remaining admin staff, inside sales, service, contracts, billing, etc. Based on previous posts, we know national leadership is looking to offload headcount and pass as much as possible onto the vendor pool. Stock buybacks are only good for shareholders, and almost always bad news for employees as it's done with either liquid cash the company holds to maintain payrolls, or via new debt.

In 2024 Canon global bought over $1 billion Yen worth of their own stock on June 30th and CUSA / CSA issued mass layoffs 8 days later. That way, when the missed targets from the first half of the year became public at the end of July, they could say that measures had already been taken to reduce expenditures and consolidate workload.

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Post ID: @af+1kt23dd9a

I know what I know but just wait and see is my suggestion

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Post ID: @ae+1kt23dd9a

@OP Define specialized or manual internal roles. Canon is already lean as it is. Wouldn’t be surprised if the ROI on AI hasn’t panned out.

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Post ID: @ab+1kt23dd9a

@OP Sounds more like Enron all over again. Apparently management wants to manipulate stocks to impress Tokyo and fool investors. Surprised the SEC hasn’t caught wind of this activity.

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Post ID: @aa+1kt23dd9a

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