#company

This is from 1999 when we saw share prices drop by 24 percent just wondered if they dusted this off from an old set of meeting minutes..it feel awful familiar.

"In April, Thoman unveiled a plan to remake Xerox’s image as a technology company instead of a copier maker. The shift, which involves realigning the sales force, is designed to let Xerox sell customized packages of consulting services, software and machines that the company says will generate half its revenue in the next decade."

Not wanting to raise the alarm bells but take a look at Verizon layoffs if you want an idea at how unpopular the new CHRO has been and get ready for inane posts on LinkedIn featuring vacuous slogans

Accepting VSP? Click Arrow up.

Expect 4000 to 7000 impacted. More managers and directors. AI bringing efficiency.

Brace for impact. Gather your swags.

They just announced official targeted offshoring in the Finance division. It continues to get worse of course

Our CEO loves to call layoffs realignments

Dell Federal was always the darling (along with Global). Federal had their own building annex next to building 3 when I was there (for -security- and their red outlined badges to easily identify them as part of the elite Fed team). They had the most lifers and boomers @ Dell. Many ex-military. Life couldn't get better at Dell if you were in Dell Federal Sales. Do they still reign supreme with their easy Government appropriations and special blanket purchase agreements worth billions of dollars... most of the mega easy commissions checks cut by Dell were for Federal AEs, ISRs, SEs and ISG/CSG TSRs. Hope they are still doing well and raking in the cash.

When is the next Beat. I am missing the commentary. That one person really made my day.

Did you like the Beat updates?

Apaches how’s the vibe now? You had 100 days to feel empowered and successful…now the man behind the curtain needs to drop trousers (oil price) so the midterms don’t destabilize the wizard of Oz.

What’s break even now? Can Apache continue nickel and dimming its vendors?

It's easy to focus on quarterly headlines. Harder to ignore a 46%+ loss in market value over 12 months. Don't forget the big picture.

We were told all full timers are expected to work on 4th and holiday will be observed on the Monday the 6th in New Jersey- see once when do we push off a holiday until the following week- in all my years a Saturday holiday was in same work week not the next

Why is anyone still working here? Being unemployed would be better for you at this point. Leave the company. Let them choke on their own nonsense. Zuck deserves to be allowed to drive this thing into the ground.

But why not Ajay?!

Im sorry to say, this place is beyond cooked....and its not just BD, its the whole world.

Balance no longer exists. What remains is a world defined by imbalance so constant that it has become indistinguishable from normalcy. Excess and deficiency exist side by side, not in tension but in resignation, as though correction is no longer expected.

Across the public sphere, intelligent and coherent thought has grown less common, not because the capacity has disappeared, but because the conditions that sustain it have eroded. Attention is fragmented, discourse is accelerated beyond reflection, and communication is increasingly shaped by urgency rather than understanding. Conversations that once demanded depth are now compressed into immediacy, and in that compression, nuance is lost. The result is not silence, but noise without clarity.

At the same time, the natural systems that underpin life are under sustained stress. The ground, the water, the air, and the food supply carry the cumulative weight of industrial and chemical expansion, often in ways that are not immediately visible. These changes do not announce themselves dramatically. They accumulate quietly, persistently, until their consequences become unavoidable. What once could be assumed as stable now exists under conditions that are uncertain and increasingly difficult to restore.

Economic structures mirror this imbalance. Wealth and opportunity continue to concentrate, while access to stability becomes less predictable for much of the population. The idea that effort alone ensures security has weakened. Systems that suggest fairness in principle often fail to deliver it in experience. As disparity widens, so does the distance between those who can insulate themselves from instability and those who cannot.

Institutions that were meant to provide coherence reflect this fragmentation. Education struggles to reconcile its purpose with shifting demands. Governance often reacts rather than directs. Information systems prioritize engagement, leaving accuracy as a secondary concern. These structures continue to function, but their ability to produce alignment or trust has diminished.

On an individual level, the effects are less dramatic but no less significant. People remain connected through constant technological access, yet the sense of being understood does not scale with that connection. Productivity continues to increase, but fulfillment does not follow proportionally. Options expand, while direction becomes less certain. Activity grows, while meaning becomes harder to define.

None of these elements exist in isolation. Each reinforces the others. A decline in thoughtful discourse makes it more difficult to address complex problems. Environmental strain contributes to economic pressure. Inequality intensifies social fragmentation. The systems designed to manage these forces operate within the same conditions that weaken them.

This is not a moment defined by a single collapse, but by the gradual normalization of imbalance across every domain. It is a state in which strain is continuous, correction is delayed, and the expectation of equilibrium has quietly receded.

Citi is on a path of steady decline. It will keep shedding employees, it will keep shrinking until there's barely anything left of what once was. And then even that small remaining piece will collapse and take whoever is still there with it. So here's my advice. If you're smart, you won't wait around for that to happen. You'll be long gone before the end.

Did any managers or Directors receive the VSP email?

PLs have been completely silent and nonexistent about the VSP.

Some people are getting axed based on profitability today- weren’t on plans, just based on years round performance out of the blue- always make sure that resume is updated- T is never a safe company to work at

Did anyone win nascar tix? I’ve heard of nothing from anyone in my division/group which seems odd.

Did they hoard them for VPs?

Today they’re announcing some regional merging

Sooner its gone the better. Does anyone know when?

What are qualifications to become Director

ExxonMobil shareholders voted to move the company's legal home. The state of incorporation will shift from New Jersey to Texas. This decision concludes a corporate tie to New Jersey spanning over 140 years. It is a legal change, not a physical relocation of its headquarters or operations. The company cited Texas' business statutes and legal environment as reasons.

https://www.ecoticias.com/en/exxonmobil-is-leaving-new-jersey-as-its-legal-home-after-more-than-140-years-and-what-matters-isnt-the-new-address-but-what-it-signals-about-taxes-headquarters-power-and-corporate-strategy/33268/

Hans Vestberg is no longer on Verizon's payroll, correct?

Vestberg, continuing to deal with the remnants, thank you for the hot mess?

How many of Vestberg's top tier executives remain??

Gone are EVPs, to include Shank and Sampath... Which other executives are no longer affiliated at Verizon and who continue to remain??

We have a TON of VP layers, some of which have no true direct reports. Why not start cutting there and leave the ICs (who actually DO the work!) alone? This company is severely top heavy. That’s where they should look to cut first.

Is this Invest Cloud partnership in Wealth all smoke and mirrors? Is wealth being sold to Invest Cloud?

Someone mentioned on this forum not long ago that the executive board wants to take the share price below €100 so they can have more layoffs. It seems it's on track to do that. This AI obsession with price increase makes no sense. What is the tipping point for them to start layoffs?

On good authority, no layoffs in July except for sales

UPS announced a significant workforce reduction. The logistics giant is downsizing by 20,000 people. This includes closing various facilities. The company is aggressively moving towards automated hubs. This shift is part of a move away from Amazon.

https://www.aol.com/articles/17-big-layoffs-know-130513000.html

There are too many posts on this board expressing animosity between the wireless and wireline sides of the business. If you’re contributing to this animosity, you should stop! It’s silly! I’ll explain why below.

One recurring theme is that wireless couldn’t survive without wireline. Way back when, all wireless operators used T-1s and DS-3s and that generated quite a bit of revenue for the LECs. As capacity needs increased, they shifted to fiber about 20 years ago. There are a lot of fiber providers so wireless is no longer dependent on wireline but getting fiber from your own company is better for the balance sheet. Would you rather we paid AT&T for fiber?

It’s also true that wireless was initially financed by wireline but so what? Wireline saw an opportunity and they took it. T-Mobile was financed by investors outside of wireline and they’re doing just fine.

In short, wireless would do just fine without wireline and wireline would do fine without wireless but they are better together because there are significant synergies including bundling services. So stop this silliness! There’s enough drama and nonsense in the company and you don’t need to add to that.

Bungie reportedly faces significant layoffs this summer. Around 50% of its 800 employees, or 400 staff, are at risk. Sony reported a $765 million impairment loss due to Bungie's underperformance. Destiny 2 support ended, and Marathon's recent efforts failed to improve its standing. Rumors of impending layoffs at the studio circulated last month.

https://www.psu.com/news/bungie-reportedly-set-to-lose-around-400-staff-members-as-a-result-of-summer-layoffs/

Any word on when the next round will happen? Is it September?

Looney "brings deep experience in global energy, capital markets, major project delivery, and international partnerships to the company", the Knoxville, Tennessee-based developer of nuclear fusion electricity

Keep a chastity belt on all the pretty female employees!

Hi just received my surplus call this morning

Safe to assume its more bad news for the employees, what with the recent hush hush layoffs crossing many parts of MDS…

How you’ve found value by just restructuring the company is amazing. But how you will continue to post growth at this circling the drain is beyond even the most experienced insiders when we know this growth is financially engineered. This is a slow motion train wreck and if you don’t take the GE people out of this picture, you will also lose value. It takes consistent incompetence and grifting to destroy something with this much history and momentum and you guys have showed up late to the party.

Was BNY right to close it's two regional offices in Ireland ? Have services improved

Any timing rumored or known for a VRP for S&T?

So why does John Stankey drive a Range Rover? Shouldn't he be driving a Ford, GM, or Buick? Disgraceful