#company

What is this collaboration with the clothing brand, Municipal? I'm failing to understand the strategy behind this.

Layoffs don't fix companies or stock prices.

Nike. What a sad mess.

I’m just reflecting on UKG post July 2024 RIF and the downward spiral that I’ve watched this once unicorn company go through.

• March 2020, Ultimate Software and Kronos merger.
• June 2022, CEO Aron Ain steps down. Enter Chris Todd.
• Fall 2022, Global Delivery introduced.
• July 2024 RIF, over 2,000 employees. Chris Todd removed as CEO. Enter Jennifer Morgan.
• Following July 2024 RIF, major company re-org.
• Global Delivery grows, while positions in the US are quietly being eliminated. Also, when US employees leave, their roles are not backfilled (I had several teammates leave, but not a single role was filled).
• February 2026, RIF.
• April 2026, RIF.
• Current: Bulk hiring for Solutions Consultants in NOIDA / India as “transitioners” (delayed lay off employees) help to train them on their jobs, so they can take over come August 2026.

What did I miss?

What is happening to this once unicorn company?

UKG is in shambles.

Hearing some people got 15 minute HR Business updates today? Anyone hearing that?

Genentech has reportedly eliminated its infectious disease and physiological chemistry units, losing key executives including Vishva Dixit and Man-Wah Tan.

https://www.bizjournals.com/sanfrancisco/news/2026/06/11/genentech-layoffs-infectious-disease-job-cuts.html

Rumors has it that is is happening very soon... I would put it be end of the year (perhaps sooner). The question is, who would be the buyer?

When does it take effect?

Well, AS certainly has the language down already, how to make layoffs sound necessary even if there have to be other ways to cut costs. Well, it was to be expected, I guess. I just wonder how do you bring back a dying console by cutting and not actually trying to improve things.

T-Mobile US (TMUS) has seen significant insider selling activity in 2025 and 2026, involving multiple executives and major shareholders, though some trades were pre-arranged or tax-related.
Jon Freier (COO): Sold 4,799 shares at $190.00 per share in May 2026 under a Rule 10b5-1 plan, retaining 217,167.63 shares.
Callie R. Field (President): Sold 12,300 shares for $2.96 million in July 2025, part of a trend of insider selling despite strong financial performance.
Raul Marcelo Claure (Director): Sold 550,000 shares for approximately $119.7 million in February 2026, reducing his stake by roughly 38%.
Telekom AG Deutsche: Sold 209,520 shares in July 2025 and has sold over 3.26 million shares total in the past six months, reflecting a larger trend of divestment by the major shareholder.
Thomas Dannenfeldt: Withheld 311.4 shares in June 2026 for tax obligations upon vesting, which is a non-market transaction.

Mike Katz (President of Marketing, Strategy & Products)

Current Holdings: 181,930 shares (directly owned).
Recent Activity: Katz sold 5,000 shares on May 1, 2026, at a weighted average price of $195.81 per share.
Transaction Value: The sale totaled approximately $979,050.
Status: Despite the sale, Katz retains a significant stake valued at over $35 million, reflecting his long-term tenure and executive position. He had previously sold 2,500 shares in November 2025

Mike Sievert (Director)

Current Holdings: 125,696 shares (directly owned).
Recent Activity: Sievert sold 15,000 shares in late February 2026 (Feb 23–24) at weighted average prices between $220.07 and $221.85.
Transaction Value: The sale generated approximately $3.3 million.
Status: Despite the sale, he remains a significant individual shareholder with a stake valued at over $27 million based on current prices.
Mike

This company is literally thinking it can operate the daily works and tasks much easily without employees. Leadership doesn't care about employees. When there is no value to employees then what is the reason behind working here. Need mass resignation.

This year so far was really hard. The workload, the uncertainty, the layoffs, and all the other changes made sure of that. I keep wondering if the second half of the year could actually be worse. Is that possible? Or have we hit the bottom and things will get better? I truly don't know.

I'd remove it from here

I see a ton of new positions being posted.

Is this for real?

They keep telling me we are not hiring.

Who knows. People are anxious. At least people around me. I am more concerned about 2027 and what happens if the economy tanks due to sh-t that's happening all over the world.

What’s everyone’s take on the demotions that are coming? We did have a bit of title inflation, but this project seems drastic. Some people are taking a huge hit to their title and external resume value.

I really think leadership is massively underestimating the morale impact of this project. Bain is demonstrating that they don’t understand our industry in doing this.

Hello
How is the RTO policy now ? Asking for a friend. I heard like a month back the the new CEO don't care much about coming to office and many ppl stopped coming to office as less as once a month?

lost a lot of small businesses, too focused on hardware/POS machine.
When bring a CEO with engineering background, he is just talk everything about devices, no one care about service, lost a lot of small businesses.
then new CEO with accountant background, everyone known --- layoff is coming.

The big boss "san francisco" is bleeding... that's the way is.

Do they collaborate well or do they have pointy elbows?

Layoffs that were expected in June now appear to be slipping into July. My guess is the company is adding more people to the RIF list, which is not exactly surprising given Global Payments track record of recurring workforce reductions and the pressure to deliver the $600 million synergy target tied to the Worldpay deal.

Meanwhile, GPN stock is trading at its lowest level since the TSYS acquisition in 2019 and is down roughly 30% since Cameron Bready became CEO in 2023. Oh and the guy that Cameron put in charge to run the SMB business ($6 BILLION!) who has never run a business in his career? Yes, layoffs are definitely coming.

Remember when Cameron got on stage when he became CEO three years ago and told everyone his goal was to build a "best-in-class" culture? Three years later, many teams are doing the work of two and three people, while bracing for yet another round of cuts and the lack of leadership at the C-suite level is truly shocking.

When is the board going to realize that Cameron isn't fit to run the company? Until then, employees should expect even more uncertainty, more restructuring, and more layoffs. So GPN employees listen up, things are only going to get worse so if you get offered a package next month, be grateful, and RUN as fast as you can.

In the meantime, #BringSloanBack!

Disgraceful!!! Please do the dignified thing and RESIGN as soon as possible!!! Get your severance package and leave the premises...........

https://www.theautopian.com/the-30000-ford-ev-pickup-is-way-smaller-thank-you-think-we-got-an-exclusive-look/

FanDuel implemented organizational changes, resulting in staff layoffs across various departments. The exact number of affected employees is unconfirmed but could be in the hundreds. Roles cut include middle-management positions within both sportsbook and casino operations. Flutter Entertainment's share price surged significantly after the layoff announcement. This action follows similar workforce reductions by other gaming companies that also saw stock bumps.

https://next.io/news/investment/flutter-share-price-surges-fanduel-layoffs/

On its way Monday 15th June. Let’s all tell Jenny & Rahuuul what a brilliant job they’re doing with their world-class company. Nah, just mention ‘any chance of a pay rise’ in very comment box and advise any potential new joiners to run a mile!!

That's the question. simple. yes no.

I know this is for layoffs but just curious if anyone else is buying the stock? I got a few hundred shares this morning because it seems to have reached an all time low. I think we have good products and I can’t figure out why it’s dropped so much. I’m wondering what other people are thinking? Maybe I’m completely wrong and this stock just keeps dropping but I thought Enrique was hired to raise the share price. We lost enough value under Mr. Shock the World.

Just heard that Verizon is reducing vacation accrual caps to 125% from 150%? Is this legal in California?

So leadership has changed but the new CISO is someone who just can't stop talking. Sheesh...

Is it realistic more layoffs are coming in June?

Content and technology company Thomson Reuters faces a shareholder vote at its annual meeting on Wednesday over its U.S. government contracts for services that some investors and employees say may help power the Trump administration’s crackdown on undocumented immigrants.

https://www.reuters.com/legal/legalindustry/thomson-reuters-faces-shareholder-vote-over-ice-contracts-2026-06-10/

Or can it be considered a done deal by now?

Normally people 'stick' w/ company max seven years. It is rare to see the majority of them with ONE company for more than 30+ years! It always makes me wonder how 'relevant' they are compared to outside work force. First time I have seen/witness a company with many veterans. Back in the old days, it was bad/negative if resume shows "job hopping" , or working for name brand established companies. This generation is looking for 'fresh ideas' 'out of the box' ...Who moved my cheese

The cuts have taken place, things are where they, hopefully, want them to be, so I'm going to assume there won't be additional cuts any time soon?

Honestly thought they would have dropped the axe months ago at this point. My IM rating was out of nowhere. I knew they basically cut everyone who wasn’t doing anything at all at this point and now have to find others to slash. Haven’t heard any concerns from my boss about performance since the year end review but am still expecting another bad rating based on what thier new process is. I’m guessing I have until September at the latest until they finally pull the trigger but just curious about everyone’s thoughts. Can’t wait until they finally do it and I never come back to this board again.

Any updates regarding rifs in June?

Expeditors International, the Seattle-area logistics company known for never laying off employees, cut about 230 technology-related jobs in Washington state on Monday, ending a tradition that had been a point of pride for much of the company’s history.

https://www.geekwire.com/2026/expeditors-cuts-230-tech-jobs-in-seattle-region-ending-decades-long-policy-against-layoffs/

And you know what? For once, I'm okay with that. We have way, way, way too many layers of managers with barely any direct reports who never do anything useful. Getting rid of them will actually cut costs without affecting work in the least. I don't like layoffs, but for once I approve.

Is it being reset? Or gutted?
Nothing makes sense

I’ve been here long enough to notice how often the company seems to shift based on the latest trend. Some trends fade fast, while others stick around much longer, and I don’t think we always know which is which. I wish leadership would think further ahead instead of treating every new moment like the whole strategy.

Massive insiders selling stock and nothing given to the employees ever. Leaving bag holders. Get far away from dell

Stop the fear mongering on this site. We were assured that “ CDAO, CTO, and P&C Tech” would have massive layoffs: nothing. We were promised, bullied if even questioned the source of Fraud and AML having massive layoffs in April/May. Well April and May have passed.

The people who used to actually be in the know and leaked to this site have clearly been laid off. Since about last year zero predictions have been accurate.

Stop posting your theories. It only ki-ls the credibility of good sources. If you need to vent go to therapy.