#company

Rumors are flying about layoffs in July. Anyone know if this is real?

Is that how notifications are going out?

Markets are down but otex is way up today - we are a strong company with a strong story which the markets love

Have you all noticed that London pulled all the funding Michael Neidorff had threw out St. Louis and the surrounding areas? It's not only in Missouri, but in the other states too. This is why we no longer have the website that would give employees tickets to events or why we no longer get the Employee Day at the STL ZOO. I heard she got a new jet and she herself said in one of her "London's Calling" video that she "heard it in the hallways in Washington", where she makes notion that she is always up there rubbing elbows with the government. London used Centene as her personal bank account.

https://ionanalytics.com/insights/debtwire/optimum-creditors-have-leverage-to-challenge-troubled-telecoms-controversial-asset-transfers-legal-analysis/

Below a $4B market cap is the trigger for more layoffs before the usual cycle.

You may not realize it, but the best talent left or were laid off in 2025.

I am sorry if you have been notified today and hope you find that your next role is far better than this company has offered you! It would be helpful to know what function or org you are with if you have been notified without giving who you are away!

LPL's recruiter told me in March that there was a hold on hiring till end of May. This is now June. All of my applications are getting rejected without a phone call.

Try to print :-)

Obnoxious posts about drinking and eating on the company dime. Zero meetings

About time some have decided enough is enough of this joke of a company. Have some pride and do better for you and your family.

Extreme Scapegoating & "The Other"

• A hallmark of bad leadership, such as the arrogance exhibited by leaders at failed companies like AT&T is deflecting personal and strategic failures onto external factors, internal rivals, or entire departments, fostering a culture of paranoia and blame.

Absolutist Fanaticism

• Many executives driving companies into ruin stubbornly refuse to pivot. They mistake their own inflexible dogma for visionary genius, leading organizations into bankruptcy or scandal.

Totalitarian Control Over Dissent

• Leaders of toxic corporate cultures actively suppress internal feedback, surround themselves with "yes-men," and retaliate against whistleblowers. This inevitably isolates the C-suite from reality, creating blind spots that allow organizational fraud or collapse

Cult of Personality Over Competence

• Narcissistic leaders, like John Stink of AT&T, frequently prioritize personal charisma, media hype, and public relations over building sustainable, operational business models

Where can I find that info?

If not enough offers are accepted.

I've been applying for two months and haven't heard back from anyone. Is this normal now? Things have really changed.

I think all of them are crazy. Who would want to stay in this mess? Okay, I can understand some people who are worried about health insurance and stuff like that, but isn't that going to be just as much of a problem if they're laid off after VSP is wrapped up?

They happened once in a while and for the rest of the time we were able to focus on our work properly. Can we ever go back to that? Or is that behind us for good?

If you're smart, you should have been actively looking and applying for a job from the start of the year, if not sooner. No one is safe here, and I think that's been blatantly telegraphed for a while now. This is not the same company I joined 15 years ago, that's for sure.

Do you think AI will be a key driver for innovation in State Street ?
I have my doubts when I see the people leading such initiatives

Is there any news about layoffs I should know about?

I can't get worked up over rumors anymore. If official news comes, I'll deal with it. Until then, I'm not wasting my energy.

"and also 50% less of the work and knowledge. And growing as people like the other poster leave or are let go soon will be a loss. I mean lots of projects canceled or put on hold to likely be abandoned later.

D-mbest thing this ceo did here and she/board will probably throw SD under the bus when you know what hits the fan and everything goes from bad to worse when people are gone.

I don’t like it but could understand closing Jax and Denver. But this move was completely asinine. Time will tell. Hopefully I am wrong but I have a pretty steady record of being right about these things here over the years."
$$$$$
50% less work. High Turnover. Slow Results or no results. Delayed & cancelled projects

Sounds like a recipe spelling disaster.

BisigSCAMno destroyed the company and made this place miserable to work for with Sapience and mandated in office hours, minimum 9 hours a day, five days per week.

Mike Lyons brought back some sanity by offering flexibility with pool of remote work days, number of required in office hours and getting rid of Sapience.

Takis was here working with both CEO. Does anyone know whether he's in the BisigSCAMno camp and will likely reinstitute rigid in office requirements to drive away our remaining talent?

Or is he sane and will likely leave well enough alone by leaving the current flexibility?

Or might be do something different?

Is he the type to care about such things?

Is there anyone on here who actually knows his mentality around these matters?

Thoughts?

Any way to know how many are still left to be notified?

Guess we need a new forum in a week.

Abandon Hope, All Ye Who Enter Here.

How realistic is the target? Is there a portal that actively shows progress on this?

Was lowell worth $180M
Was Hans worth $210M
Over a 15 year time frame
Debt $175B
Stock price-$65 to $45.
Headcount reduced -187K to 87.4k
Is the avg employee ar VZ worth what it became -#1 carrier

In order to distract from the decline in maintenance needed to achieve minimal bathroom standards we will be classifying all restroom facilities as flex space. If you find a toilet non-functional simply go to another floor.

"Our new research reveals that the objection to any work from home is more likely to be driven by something else entirely: ego.

"The only trait that consistently predicted objections to remote work was narcissism — the tendency to be self-centered and entitled. The higher the opinions of themselves leaders expressed, the more they coveted power and status — and the more they favored return-to-office mandates.

"Return-to-office mandates fail to increase financial returns. They succeed only in motivating star employees to quit, reducing the satisfaction of those who stay and discouraging new talent from joining."

The market cap is just over $1billion.
When Rawul came in it shares were around $28, in less than 3 years his sunk the company.

This is very sad that most of the companies are adapting to new tech like AI and laying off due to improvements but at FIS a "BIG BANKING PRODUCT" related company people are being laid off due to poor management

Any details about this new title?

we had a huge onsite then my vp lost his job. reorg already done under Brenda and MED. VPs gone, sr dir gone, MED gone. how many leaders are being cut next under Barsam's new vp from ny?

What is the difference between CA and CR?
Serious analysis only ;)