NCR Voyix aiming to have absolutely no one except the Executive Leadership Team based out of USA.
Layoffs are going to start with Customer Engineers, followed by PS, then engineering and then product.
The wipe out is going to start in retail and then spread to hospitality.
Be prepared to see RIFs in the magnitude of 1258 US based employees (on 8/30. Save the date)
There were some layoffs in digital banking today. Not sure how many were let go, but it did impact a couple people I knew.
I was laid off ncratleos
Lol at the shook people that fell for this.
Hey what do you know, everyone is fine. It was obviously a prank
I heard from DW that the company will be rif’d and will be replaced with AI
Anyone laid off today yet?
The goal for this post is probably to prank Jonathan Chadwell
Well atleos rif'd me this morning and voyix seems to be usually right in lockstep
Can someone please confirm if the news is true
Anyone sensing something will happen this week? Anything weird with your laptops? Silence?
Does this happen in Japan too?
I doubt anyone from Digital Banking will be RIF'd end of this month, maybe end of this year, but not end of this month. We have an initiative that we have to push out by beginning of 2025 which is incentive laden (100 million) from the Veritas Capital acquisition
Confirmed round of Atleos layoffs occurred today. CE’s let go.
FWIW, the layoff timing this year has been the last Thursday of the quarter — 3/28 and 6/27. I’d bet on 9/26 this quarter, but things are deteriorating so quickly in retail that they really may have to do something this month. It’s truly amateur hour on 20.
Then read as it is WRITTEN.
$30 M from NON payroll resources.
What a malicious people, its better dont read this cr-p....when you ask them why new positions for CEs, why new building.....mooo
Do the math from the earnings call and their financial disclosures…they’ve said the previous layoffs saved around $70 Million last quarter. Depending on who you believe, that’s between 800 and 1,200 people. They’ve said the next cuts would be $30 Million. Again, that’s in the call transcript.
As they’ve been attempting to cut higher cost labor, you can assume that, at very least, the cuts will be somewhere around 400 to 700 individuals. The guess is that the layoffs will more likely impact services as they’ll move to some sort of partnership deal.
So you can argue about where or how many but there are going to be cuts, they will be significant, and they will be timed to save money on the quarterly balance sheet.
One other thing to note, the big guys are buying large blocks of Voyix stock to try to calm the market. My guess is that some of it is subsidized by the company but they wouldn’t put that much in (think Eric invested something like $1.4 million) if they didn’t have an exit plan.
Source: Trust me bro
Utter rubbish. Dude didn’t even post it and how would a random person know the info.
Digital Banking will retain key personnel during the transition period. It was sold to another financial institution who already has operational infrastructure in place. They will absorb the new assets into their existing infrastructure that’s already under management. They don’t need a bunch of redundant employees. They already operate with the capacity to scale horizontally and vertically. NCR is sitting on Billions in debt. That’s Billions with a B. That’s the thing that drives American corporations into Chapter 11 bankruptcy. This ship is sinking. You can stay aboard and move around the chairs on the Titanic or you can grab a jacket and hop on a life boat. NCR will continue the fire sale until they’ve cleared enough of their debt sheet to return to profitability or find a suitable buyer to sell the company. David even said this was on the table right after the split when people took notice of the insane amount of debt that Couix took on.
Source?
Exception a and exception b are more critical than type 1. Have you worked on the field lately? You know the new contract is much stricter than the old one? Register is operational. End user taped up the broken mount. You need to be onsite in 2 hours. If part is not available, you need to swap with another registers. We have a list of critical one.
I disagree with the order of layoffs. HW and Platform Engineering go first. SE support next. CE, support and logistics last. Will take some months to cancel service contracts and not get burned for penalties. LT may be a-holes but wont do things that cost them bonus $.
Why would voyix fire all US employees when they just leased a new building in DFW lol
Gotta just shake my head that someone comments it’s fake, anyone who thinks they have years left with Voyix are delusional, the end is coming. If you think different, again your not being honest with yourself, your not paying attention to NCR eliminating themselves from the separated Voyix side, going going, …………….soon to be gone!
“Exception b for the broken 2x20 customer text display mount at walmart still.”
In a couple months that broken display will be a CRIT ticket with 8hr repair.
This is obviously fake. No one who still works for NCR would use his actual name on a post.
End of the third quarter deadline will be to try to adjust the numbers, the end of the 4th quarter/year will be the end of voyix,
the true meaning of voyix is to “ Fade Away”
How did you get such an accurate number? Is the list out there of all the folks getting let go already?
Hoffman
Exception b for the broken 2x20 customer text display mount at walmart still.
Whoever says peak season doesn’t exist is an id--t. It’s called Christmas
In response to peak season, peak season doesn’t exist anymore in the retail world, that’s been over for years now with the online shopping……. Who ever said “Peak Season” is showing their age.
Not gonna happen, too many contracts in place. Walmart/Starbucks and other retail won’t be left without support going into peak retail season.
If everyone in Digital Banking gets RIFd who is going to support the clients?
OK, then how do you explain more than 100 open CE positions in USA?
I’ve hearing rumors that nearly everyone will be RIF’d in digital banking by the end of the month. I guess Veritas Capital is only interested in the intellectual property and not the workers.
Sounds about right. The goal being acquisition/buyout you’d want as many customers on “the platform” as possible as that’s your “black book.”
You’d want to keep the CEs and PS on long enough to “convert” as many customers as possible to the platform. After that, they’re just extra costs without a lot of value independent of themselves.
Once hardware is someone else’s problem, you want sales to feed the pipeline of platform and just enough of the product team to keep the platform up and running. It doesn’t matter if the platform doesn’t really do anything or is sub-par to other platforms like Microsoft, SAP, or Oracle - once you’re on the “platform” it’s sticky enough that you can’t get off it without massive disruption to your business.
David will use that value prop to increase the buyout share price. The acquiring company will likely dispose of “the platform” as soon as they can by transitioning customers onto a cloud platform that - you know - does things.
Affirm that if you’re not in sales, you’re toast. Kind of sad for all those people whose only real skill is NCR products.
Can someone confirm if this is true? Will IT be hit?
Will be interesting to see how they handle their US Government projects. Those jobs can't be farmed out off shore.