#consolidation

Analog Devices + Maxim Merger (Closed: August 2021)

✅ Total Layoffs: ~1,800 – 2,000 employees globally

This reduction came from both Analog Devices (ADI) and Maxim Integrated as part of the post-merger integration.
✅ Types of Jobs Impacted

1. Duplicated Support & Corporate Functions

These are always the first cuts in semiconductor mergers:

Human Resources (HR)

Finance

Sales administration

Procurement

Information Technology (IT)

Corporate functions that overlapped between ADI and Maxim

1. Overlapping Product & Business Units

Maxim had:

PMIC (Power Management ICs)

Battery charger ICs

Serial interface products

Automotive ICs

Sensor products

ADI already had large, established groups in these same categories → redundant orgs and product teams.

1. Redundant R&D Sites

After the merger, multiple smaller Maxim design centers were shut down, including:

Some Dallas groups

Selected Asia-based design teams

These were consolidated into ADI’s larger R&D hubs.

✅ Layoff Timeline

2020–2021:

Deal announcement
Planning for integration

Q4 2021:

ADI officially begins structuring the combined organization

First waves of integration layoffs

2022 (Peak Layoff Year):

Heaviest job cuts

Consolidation of overlapping business units

Closure of duplicated design sites

Corporate restructuring

2023:

Final “synergy cleanup” layoffs

Optimization of product lines

Rationalization of sites and teams

Total integration timeline: ~24 months

Are we really going to keep the woodlands office after divesting the anadarko?

Someone had leaked this year ahead of the Sept 30 transformation announcements.

Their info was good haha.

EMPS and Upstream to merge

It looks like the CSBBO closures are part of the bank’s location strategy, focusing on consolidating some sites while expanding others.

What stands out is that for the past three days they have been sending messages like this:

Overtime available today, November 2, 2025. Overtime is available for Everyday Banking English and Spanish Bankers for the rest of today and tomorrow. Please log in, and your leader will report your worked hours to Resource Planning for processing.

If sites are closing, why push overtime right now? It almost seems like they are trying to meet short term goals before more news comes out.

Has anyone else heard which sites are next?

Any truth in this? I've heard multiple rumors that PNC is buying us. We are cutting expenses big time for a couple years now at anything middle market or under level. Something is in works but I am unsure if these rumors have any validity to them. Weird times we live in.

I'm not sure how it works here, but my old company usually had two major layoffs per year, and it'd all be done by November. Can somebody please tell me how it works here? I've been here for six months, so I'm still trying to figure stuff out. Thanks in advance.

Are there any updates on what functions/groups/teams will be hit the hardest in Alaska? Who should be packing up?

Multiple layers of leadership are going to be trimmed and consolidation of Director and Senior Director roles with larger districts and less Directors and Senior Directors. Small non performing stores switched to indirect. Say good bye to retail business reps. Verizon is no longer the industry leader. Verizon will become T-Mobile Jr. New CEO plans on following T-Mobile’s business model. Welcome to the beginning of the new Bed Bath and Beyond fire sale of the wireless industry!

With One Allstate looming are they getting absorbed? I heard rumors about them being brought over.

All products consolidated under CPO office , but the only product growing is the CPO's overhead - marketing, planning biz dev, PR while engineering shrinks

soooo if leadership roles are affected at roughly 3x the rate of ICs, what is the target span-of-control after consolidation

Is there any chatter about other locations or teams?

ExxonMobil to close huge N.J. facility as part of consolidation plan

By Sarah F. Griffin | NJ Advance Media for NJ.com
ExxonMobil will close a large research facility in Hunterdon County as part of a plan to consolidate its corporate research operations at its Houston headquarters.

Most of the employees at the Exxon Mobil Research and Engineering division will be offered jobs at the new facility in Texas. The Clinton Township campus, along with a research facility in Ontario, Canada, will close as part of the consolidation, which will be done in phases that will continue until 2028, according to a report by Bloomberg.

“We are incredibly disappointed to learn that ExxonMobil has chosen to close this facility over the next few years,” Clinton Township Mayor Brian Mullay said in a statement. “We will work closely with our partners at Hunterdon County Economic Development & Tourism, the NJ Highlands Council and ExxonMobil to ensure that the developable portion of the property continues to contribute to our area’s economic success and that the ecologically critical areas are preserved to protect our environment.”

In October 2022, ExxonMobil informed the township it had partnered with Prologis do a feasibility study that looked at redeveloping a portion of the property as a warehousing complex. The idea met was met with opposition from the community, according to Clinton Township Council meeting minutes.

In September of last year, Joe Wong, a commercial portfolio manager for ExxonMobil, told the township council that the company was not going to expand beyond the 150 acres that make up its current campus. It last underwent an expansion there in 2017.

The facility employs between 500-600 and pays $3.5 million a year in property taxes, Wong said during a presentation before the council.

Don Carpenter, president of Independent Laboratory Employees’ Union - United Steel Workers Local 09009, said the union the decision impacts over 100 of its members who work at the facility.

“As of right now, none of the unionized workers at the site have been offered relocation or continued employment within the company, however the union will be entering into bargaining with ExxonMobil over the effects of this unfortunate decision,” Carpenter said.

ExxonMobil told NJ Advance Media it is “committed to meeting our obligations under the collective bargaining agreement” and expects “to have further dialogue with them on this announcement.”

https://www.nj.com/news/2024/05/exxonmobil-to-close-huge-nj-facility-as-part-of-consolidation-plan.html

Consolidation and off shoring to India. Do not transfer move to Atlanta. You want to stay in Atlanta start looking. The plan will come and be executed fast and furious. Zero relocation to go from Atlanta to Dallas area.

Heard that’s the path forward, and it makes sense. Combine operations, leadership. Cut many many many many heads. Sure, it will rough for a while, but it’s all about the immediate savings. No one cares about 3 years from now, only the next qtr and the current gap to solve for. Painful decisions are what random new CEOs are all about.

Also, no more value! Redundant operations. It’s all consumer and business, all customer. We don’t need 10 different marketing teams, just one.

Before taking a package and giving up your right to sue, Jason Hamilton said in his town hall that CSO alone has hired 60 people in Charlotte--a location that has never been on any hub list.

So any mention of too many locations or consolidation is just pure bbbbbBSsssss

US based Transunion company tookover Indias largest credit bureau CIBIL 92% stake holder. It's making double digit growth in its India division with largest consumer base close to 2x of US consumer volumes.

TU CIBIL division needs more positions to support its systems including recently acquired Neustar division. It will continue to grow as more digitailization emerging into rural areas. More business more revenues. More revenues More jobs to support.

US division revenues major hit due to low mortgage files with high interest rates fed policies. Less money flow into its division more job cuts.

During Covid TU acquired lot of companies, Its consolidation of tools technologies products and roles are unavoidable for few years.
TU bought UK based callcredit and closed majority of UK employees during last 2 wayves as its revenues are very low. Soon FICO is selling their own scores without paying fee to credit bureaus a major revenue hit to US core markets. World is changing no more a closed Island. Same will continue other countries divisions of TU acquired bureaus.

AI will takeover majority of data science jobs especially engineering and data analytics. AI dont care boundaries, countries and regions.

Past is beautiful, Today is fantastic day, future is uncertain.

Any intel on what the meeting(s) tomorrow are about? More layoffs? Restructuring? Consolidation?

Victim of consolidation 2 years ago. What’s been in happening in STL since then? What are long term plans?