#hiringfreeze

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Job postings

So, since around Dan's epic 3Q webcast (where he actually didn't even discuss 3Q), the only positions posted have been retail, and maybe just a couple random others.

I realize there's a freeze and likely the reason, but I'm still surprised to see they've stopped posting for our international territories, also

The other thing is some people here are talking about retail getting axed, but given there's about 20 retail job postings each day, I think that's pretty far off.

Thoughts?


Our team is disappearing fast

No layoffs needed. People are just walking away at a steady pace (which gives me some hope, since it shows the job market is not as terrible as I feared). We even recently backfilled two positions, that's how rough it's gotten (and you know the feeling too, because sometimes it seems like we have a hiring freeze given how often we ask for help and get ignored). Which, funnily enough, makes me feel safe. Go figure.


More Reorg to come

The market expects almost doubled Earnings from Oracle, putting intense pressure on the company to deliver rapid growth and justify these numbers.
Leaders/Engineers with stock holdings will be trimmed more.

Due to the company's high profitability, there's a low need for massive layoffs. instead, expect targeted layoffs (mostly performance-related) , hiring freeze, project cutdowns and more reorg.

Oracle is safe till next 3-4m to stay for sure but pressure will mount. Leaders will face more problem to deliver with less salary to employees and more mounting pressure.


An HR/TA dilemma

With cuts of staff, hiring freezes (yes, I used the f word which were never allowed to say out loud) and conflicting messaging from the top, how can HR an TA maintain it’s current staffing models? Furthermore, It’s absurd to market an organization to potential employees when we know our company is so unstable. How can you promote a company who has lost its direction, disoriented its culture and corrupted its sense of purpose? You can’t and you shouldn’t. And this hasn’t just happened…it’s been years in the making. We want to hire better but WE as a company need to BE better. No excuses or platitudes. 2026 should not be a continuation of 2023, 24 and 25.


AI Hiring Freeze

https://www.cnbc.com/amp/2025/10/15/jpmorgan-chase-goldman-sachs-ai-hiring.html

JPMorgan said Tuesday in its third-quarter earnings report that while profit jumped 12% from a year earlier to $14.4 billion, head count rose by just 1%.

The bank's managers have been told to avoid hiring people as JPMorgan deploys AI across its businesses, CFO Jeremy Barnum told analysts.


Hiring freeze is in place, and it’s literally ki-ling us

So many teams have been reduced to bare bones that we can barely manage, if at all. Layoffs have disproportionately targeted people in critical roles, those with real experience and skills. My team is missing several people whose shoes the rest of us can’t fill even if we wanted to. And to make it worse, the workload is the same or even bigger, but there are far fewer people to handle it. I’m basically falling off my feet, just like everyone else.


A Sad State of Affairs

So... imagine a team that's been cut, cut, cut. In half. Down to the bone. There's a hiring freeze. Alas, the manager has an employee who's a poor performer but can't do anything because a) the person can't be replaced (hiring freeze) and b) a layoff is coming and there needs to be a lamb to go.

Meanwhile, those who remain must work even harder to accomplish their tasks. Otherwise, those in charge crack the whip and say, "Why can't you deliver 'on time' to the arbitrary delivery date we dreamed up?"

What's really messed up is the leadership that thinks this makes any sort of sense. Ultimately, at the rate this company is going, the train will run off the cliff and crash at the bottom of the canyon because the only ones that remain either don't care or don't know how to put on the brakes.


Tacoma Parks lays off staff, freezes open positions

Parks Tacoma, the city’s parks and recreation district, is dealing with a combination of less revenue than expected and more expenses, making for a shortfall of $8 million. In response, the district cut some jobs last week.

The district laid off 14 staff members, and another 10 employees opted to take voluntary separation packages. The district also paused filling 25 vacant positions.

https://www.knkx.org/tacoma/2025-10-03/tacoma-parks-lays-off-staff-freezes-open-positions


Offshoring (rant)

I really hate how this company offshores so many roles to Mexico City and India etc. My organization is running thin on people and short staffed. There are hiring freezes still for backfilled roles.

I have offshore people on my team and their quality of work su-ks and can’t understand what they are saying sometimes.

Instead of hiring a senior person in the US TR will hire 2 juniors offshored to other countries? Anyone else see the same thing here?


Is Hiring Slowing Down

At time moment there are 4545 postings (some looking for more than one hire.) But that seems lower than it has been. Of those, 2439 are in India. That absolute number and that ratio are not as India-friendly as we have seen in the past. So are we curtailing hiring? Or are these numbers in line with what we expect?

Also, if you do technical/sw development work, check to see if there is hiring around you.


Westmoreland County starts making cuts

“Such as a hiring freeze, freezing unnecessary travel, limits on overtime, but that really is just going to be a drop in the bucket to the bigger picture,” Kopas told Channel 11’s Andrew Havranek.

With no state dollars coming in since June, the county had to loan itself about $31 million just to keep mandated human services operations running.

https://www.yahoo.com/news/articles/westmoreland-county-starts-making-cuts-233743746.html


Halloween Trick or Treat with Layoffs

Signs that layoffs may be coming include financial troubles such as declining revenue or a hiring freeze, management and leadership changes, reduced perks and benefits, Zero Bonus, increased HR activity, organizational RESTRUCTURING, and shifts in your personal workload or exclusion from meetings and projects.

You may also notice increased secrecy, vague communication from leadership, canceled projects, or a generally somber or uncertain atmosphere in the workplace.

** From 2nd Week of October to 4th week of November you will see many of your team members outlook email id's won't exist


Total compensation for c suite and senior leadership.

Tell me how someone gets a $12M BONUS while freezing hiring and raises and at the same time firing thousands of people all while destroying our stock value.

Extracted Compensation Data from the 2025 Proxy Statement (Covering FY 2024)
The provided document is Xerox Holdings Corporation's 2025 Proxy Statement (dated April 9, 2025), which discloses executive and director compensation for the fiscal year ended December 31, 2024. The key source for total compensation is the Summary Compensation Table (on page 51 of the proxy), which reports compensation for the Named Executive Officers (NEOs) under SEC rules (Item 402 of Regulation S-K). This includes base salary, bonus, stock awards, non-equity incentives, pension changes, other compensation, and total.

I also extracted director compensation from the Summary of Director Annual Compensation section (on page 21), as it provides totals for non-employee directors.

Note: All figures are in USD and rounded to the nearest dollar as reported. The proxy covers 2024 compensation; no 2025 compensation data is available in this document (or as of the current date, September 08, 2025, since the next proxy for FY 2025 would be released around April 2026).

  1. Named Executive Officers (NEOs) - Total Compensation for 2024
    From the Summary Compensation Table (page 51). This is the "Total ($)" column, which sums all elements (Salary, Bonus, Stock Awards, Option Awards, Non-Equity Incentive Plan Compensation, Change in Pension Value and NQDC Earnings, All Other Compensation).

Executive Name Position Total Compensation (2024)
Steven J. Bandrowczak Chief Executive Officer $14,320,642
John Bruno President and Chief Operating Officer $9,187,555
Xavier Heiss Executive Vice President, Chief Financial Officer $6,203,175
Louis J. Pastor Executive Vice President, Chief Transformation & Administrative Officer $6,641,123
Jacques-Edouard Gueden Executive Vice President, Chief Channel and Partner Officer $4,390,647
Breakdown by Component (for reference; totals above are the sum):

Steven J. Bandrowczak: Salary $1,066,667; Stock Awards $11,879,791; Non-Equity Incentive $1,269,333; Other $104,851.
John Bruno: Salary $816,667; Stock Awards $7,503,038; Non-Equity Incentive $857,500; Other $10,350.
Xavier Heiss: Salary $640,953; Stock Awards $3,751,537; Non-Equity Incentive $446,785; Change in Pension $1,073,675; Other $290,225.
Louis J. Pastor: Salary $622,735; Stock Awards $5,576,209; Non-Equity Incentive $437,500; Other $4,679.
Jacques-Edouard Gueden: Salary $501,619; Stock Awards $2,751,129; Non-Equity Incentive $349,538; Change in Pension $638,891; Other $149,470.
Notes from Proxy:

Stock Awards: Aggregate grant date fair value of PSUs and RSUs (computed per FASB ASC Topic 718).
Non-Equity Incentive: 2024 MIP payouts (70% of target after discretion).
Pension: Only for Heiss and Gueden (French plans).
Other: Includes perquisites (e.g., aircraft use, international allowances), employer contributions, etc. (Detailed in All Other Compensation Table on page 52).
Foreign Currency: Heiss and Gueden's non-stock comp converted from EUR using December 2024 avg. rate (1.04855 EUR/USD).
No bonuses or options granted in 2024.

  1. Non-Employee Directors - Total Compensation for 2024
    From the Director Compensation Table (page 22). Totals include cash fees and stock awards (DSUs/RSUs valued at grant date fair value).

Director Name Fees Earned or Paid in Cash ($) Stock Awards ($) Total Compensation ($)
Tami A. Erwin $31,250 $225,000 $256,250
Priscilla Hung $26,250 $225,000 $251,250
Scott Letier $53,750 $225,000 $278,750
Nichelle Maynard-Elliott $32,500 $225,000 $257,500
Edward G. McLaughlin $26,875 $225,000 $251,875
John Roese $27,500 $225,000 $252,500
Amy Schwetz $33,125 $225,000 $258,125
Notes from Proxy:

Annual equity award: $225,000 (grant date fair value).
Fees: Cash retainers and committee fees (paid quarterly; prorated for new directors joining mid-year).
Employee directors (Bandrowczak, Bruno) receive no additional comp for board service.
Additional Context from Proxy
Grants of Plan-Based Awards (page 54): Details 2024 MIP targets (threshold/target/max) and LTIP grants (PSUs/RSUs).
Outstanding Equity (page 56): Unvested awards as of Dec 31, 2024.
Vested Stock (page 58): Shares acquired on vesting in 2024.
Pay vs. Performance (page 65): Compares "Compensation Actually Paid" (CAP) to performance metrics (e.g., TSR, Net Income, Adj. EBITDA).
CEO Pay Ratio (page 64): CEO total comp $13,842,342 (excludes some items? Wait, SCT is $14M; ratio 260:1 vs. median employee $53,149).


This is not good

(Bloomberg) -- Hiring plans fell to the weakest level for any August on record and intended job cuts mounted amid broader economic uncertainty, according to outplacement firm Challenger, Gray & Christmas.

US-based companies announced in August plans to add 1,494 jobs, the fewest for the month in data going back to 2009. Of the 30 industries tracked by Challenger, hiring plans were concentrated in aerospace and defense, industrial goods and retail.

Announced job cuts jumped from a year ago to almost 85,980 and marked the largest August total since 2020. Excluding the impact of the pandemic, the number was the highest for any August since the Great Recession in 2008.

https://www.bloomberg.com/news/articles/2025-09-04/us-hiring-intentions-pull-back-while-job-cut-announcements-rise