#layoffs

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Starbucks Cuts More Jobs

Starbucks is laying off 224 employees in a final phase of its global restructuring. The affected roles include support positions and workers who declined relocation to Nashville. The company stated this is not a new round of cuts but the conclusion of a previously announced strategy. These changes impact coffeehouse construction and design teams. The move is part of a broader effort to streamline operations and reduce costs.

https://www.king5.com/article/news/local/seattle/starbucks-to-layoff-224-employees-workers-who-declined-nashville-move/281-679c2b25-2db1-4ac1-9754-ac3a9af5c32e

#CostCutting #EmployeeTurnover #Layoffs #Restructuring

Whats the deal with RDA

I am seeing RDA (Reporting,Data and Analytics) emails all around. Are they planning to consolidate all reporting teams under one leadership?

Will there be reorgs or layoffs due to that? Anyone see it coming soon in few weeks or months or later?

Whenever they bring something new, it is mostly brought as cost effective, consolidation and eventually layoffs.

#Consolidation #DataandAnalytics #Layoffs #Reorg #Reporting

What’s The Deal?

For the last two or three years we’ve had so many RIFs, and I cannot figure out why. I’ve been here for almost 17 years and this is just so unusual. We are walking on eggshells feeling like it could be us any day. There seems to be no rhyme or reason, and we seriously wonder if the company is just falling apart. Does anybody have any insight into why we’re having so many RIFs?

#Concern #Culture #EmployeeRelations #Layoffs #RIF

The rumored Union EISP will disappoint alot

The current rumor now puts a EISP offer potentially in October for 4th quarter.But let’s face it the union people costs are already built in the expense for the next 4 years.The company knows by the then most will leave empty handed.So what I hear in New Jersey especially with Multiple fiber builds going along with many different network transformation projects there will not be some across the board massive EISP offered .The head count is not there any longer along .Coupled with the fact the company has the ability to just shuffle people around pretty much to anywhere in the State they need them to work the projects.The 30 mile rule the way it’s laid out would take you border to border in any direction.I have no idea about NY they may be different.Along with more then likely a number of offers to inside type people .So good luck ,but don’t hold your breath or base your future off Rumors of a huge pay day .

#Layoffs #NewJersey #Rumor #Union

Cult Meeting in Vegas!

I couldn’t be more queasy about that whole boondoggle circus in Vegas — dragging out the new execs like show ponies, trotting them around in some desperate song‑and‑dance routine for clients, flogging “new products” that any serious person would laugh out of the room. Absolutely stomach‑turning watching those mercenaries Mike and Takis hauled in strut about like they’re the future of the company, when half of them will be gone before the dust settles, leaving the wreckage behind like it’s someone else’s problem.

And honestly, the LinkedIn boot‑licking from the SVPs is even worse. Reposting every blurry moment from Forum like it’s some historic global summit, all just to kiss MC backsides and prove their undying loyalty. Pathetic, the lot of them — parroting whatever the latest corporate catchphrase is. “Double‑click on this,” “finish the swing,” all that drivel. It’s like they hop online every Monday to see what the biggest su-k‑ups are saying so they can copy it word for word. Watching from a distance and having a good laugh. Have some self‑respect, for crying out loud.

And you ever notice who these people are? Divorced, middle‑aged blokes and women, or married but outsourcing the raising of their kids — yet they never forget to post that one annual holiday photo with the children to pretend everything’s normal. What a life.

Let’s not even start on how much this Vegas stunt cost. I’m sure it’ll have the same impact as Investor Day and that Town Hall where Takis bragged about going to the NBA Finals the night before — as if he could pick a basketball out of a pile of sports gear.

#Company #Culture #EmployeeRelations #Layoffs #Leadership

So! How "engaged" is everyone feeling today?

Did everyone enjoy the training on employee disengagement?

How can SAS expect people to be highly engaged when it's clear company goals won't be met which means smaller or no bonuses, fewer or no promotions or raises.... more money for the big cheeses and endless building up of interns and enthusiasm for hiring young people but none of either for anyone else.

Yay SAS.

#Company #EmployeeEngagement #Layoffs #Promotions

Hollywood Reporter

Article discussing Karen Bass supporting a settlement and Raman wanting the case at trial has the quotes of
" merger would deepen it, costing an estimated 4,500 film and television jobs, more than 10,000 jobs region-wide, and billions of dollars in economic activity"
gives us an idea of the initial layoffs in LA jobs

#Company #EconomicDownturn #Job #Layoffs

When Greed destroys success?

The recent documentary about Boeing is an interesting watch.
How those at the top exercised rampant cost cutting, destroyed trust in a company and lined their own pockets at the expense of everyone else

"In 2009, Boeing opened a facility in North Charleston, South Carolina—a non-union state—to produce the Boeing 787 “Dreamliner” plane as cheaply and quickly as possible. The majority of the plane structure was outsourced from cheaper suppliers rather than being assembled in-house. The facility was soon full of shoddy engineering—ill-fitting pipes were sledgehammered into place, holes were found in aft body fuselage sections, and tiny metal slivers that were liable to cause massive electrical problems were found in the planes.

#Accountability #CostCutting #Culture #Layoffs #Management

Low assessment follows you more than ever

I have heard multiple supervisors in multiple different conversations comment that they want to bring some “low performers” into their teams since teams are no longer being given special distributions and no longer allowed to pass people on PIPs. If you are offered a role in a group you have never worked in and don’t know anyone in turn it down as you are being setup as the sacrificial lamb.

#Culture #Layoffs #PIP #Performance #Team

I am not a financial person. Is this a good or bad sign for potential future of layoffs.

I am not a financial person. Is this good or bad for potential future of layoffs.

Verizon's plan to redeem $1.25 billion of its 4.329% notes due 2028 in full on September 21, 2026, is generally good for the company's long-term financial health. It shows active balance-sheet management and reduces future interest obligations, though it requires a substantial cash outlay upfront.

Why It Is Good
Lower Interest Costs: Paying off these notes stops future interest payments on that $1.25 billion, saving money over time.

Strong Financial Confidence: Redeeming the debt early signals to the market that Verizon has enough cash or liquidity to handle massive obligations without trouble.

Cleaner Balance Sheet: Reducing total leverage makes the company look more stable to credit agencies and long-term investors.

The Downsides
Immediate Cash Outflow: Verizon must part with $1.25 billion plus a calculated make-whole premium and accrued interest all at once.

Opportunity Cost: That cash cannot be used elsewhere, such as investing faster in network infrastructure, funding new acquisitions, or boosting shareholder returns.

https://finance.yahoo.com/markets/stocks/articles/verizon-redeem-debt-securities-september-123000558.html

#Layoff #Layoffs

end of month layoff

do you mean friday 8/28? or monday 8/31? several people are saying monday. any information on severance? number of people? this is not the end. layoffs will continue to happen over the next 2-3 years

#Layoffs #Severance

Economy-Wide Layoffs Impacting Older Workers

Job cuts are expanding beyond the tech sector, affecting government, retail, and financial services. Older workers, often in higher-paying positions, face increased difficulty re-entering the workforce due to age bias and evolving skill requirements. Industries like healthcare, education, and utilities offer more stability for this demographic. Staying current with skills and maintaining professional networks are crucial for mitigating risks. Understanding industry trends can help individuals prepare for potential job market shifts.

https://financebuzz.com/news/layoffs-rising-industries-workers-over-50-know-2

#Layoffs #Ageism #Economy #JobSearch #Career

AI Blamed for Michigan Job Cuts

Companies in Michigan are increasingly pointing to artificial intelligence as the reason for recent layoffs. However, experts suggest that the reality behind these workforce reductions is more complicated than just AI. While AI plays a role, other factors are also contributing to job cuts across the technology sector. This trend is evident in significant reductions at a Grand Rapids-based firm and a wider national pattern. The true drivers of these layoffs appear to be multifaceted.

Detroit, Michigan

https://www.detroitnews.com/story/business/2026/08/19/companies-cite-ai-for-layoffs-in-michigan-but-its-not-so-simple/91010735007/

#Michigan #AILayoffs #AI #Layoffs #WorkforceReduction

Templeton Eyes Budget Cuts Amid Override Failure

Templeton is facing a significant budget shortfall for fiscal year 2027. The Board of Selectmen plans to present a $1.3 million override request to voters. If the override fails, the town has prepared a contingency plan. This plan includes implementing approximately sixteen layoffs across various departments. These personnel reductions are intended to address the financial deficit.

Templeton, MA

https://www.thegardnernews.com/story/news/local/2026/08/19/sept-22-templeton-ma-special-election-is-1-3m-override-request-layoffs-pending/91352676007/

#Massachusetts #BudgetCuts #Layoffs #LocalGovernment

Mortgage Industry Faces Further Job Cuts

The mortgage sector is anticipating more layoffs and reduced hiring due to persistently high interest rates and compressed profit margins. Lenders who expanded their workforce early in the year are now reassessing their staffing levels as refinance hopes have faded. Increased efficiency from AI and complex product mixes also contribute to the need for leaner operations. Analysts suggest that consolidation may become a more common strategy for companies struggling with profitability. This trend follows significant workforce reductions seen since the market's post-pandemic peak.

https://www.housingwire.com/articles/mortgage-layoffs-expected-to-rise-as-rates-remain-high-margins-stay-thin/

#Layoffs #MortgageFinance #InterestRates #AI #Restructuring

City Seeks Fund Liquidation to Avert Job Cuts

Chicago's Treasurer is proposing to dissolve a decade-old investment fund to recover over $57 million. This move aims to address a significant budget shortfall and prevent potential layoffs of city workers. The fund, established for neighborhood economic development, currently holds idle cash with no outstanding loans. Dissolving it requires City Council approval to bolster the city's main operating fund. This action could significantly reduce the deficit and preserve essential services.

Chicago, Illinois

https://chicagocrusader.com/treasurer-seeks-57-million-to-prevent-city-layoffs/

#Chicago #Liquidation #Budget #Layoffs #LocalGovernment

Solar Manufacturer Cuts Workforce

Silfab Solar has announced workforce reductions due to temporary operational constraints. The company stated that its core business operations remain unaffected by these changes. This decision was described as difficult by the company. Silfab Solar is continuing its business activities despite the layoffs. The company did not provide further details on the number of employees affected.

Charlotte, North Carolina

https://www.wcnc.com/video/news/local/silfab-announced-layoffs-amid-legal-dispute/275-c29d4a06-07e5-4db4-83f8-c945dc56b9a3

#NorthCarolina #Solar #Layoffs #WorkforceReduction

Widespread Job Cuts Hit Logistics and Manufacturing Sectors

Numerous companies across freight, distribution, and manufacturing are implementing significant workforce reductions. Over 7,000 jobs are affected by these recent announcements. Tyson Foods leads these cuts with over 3,000 positions eliminated due to facility closures and operational shifts. Wholesale distributor Essendant also warned of over 1,200 employee impacts as it seeks capital or a buyer. These layoffs are part of a larger trend of restructuring within transportation and production networks.

United States

https://www.freightwaves.com/news/freight-distress-report-more-than-7000-jobs-cut-in-new-wave-of-closures

#Layoffs #Logistics #Manufacturing #FacilityClosure #Restructuring

I Think Alex Chriss was a Fall Guy

I can't prove it but it's what I think. When Alex was brought on as CEO, everyone was like WTF this guy is at best an EVP at PayPal and definitely not CEO material. Enrique joined the board in 2021. When it came time to hire Alex, every board member was not on that search to hire him/her. It was only Ann Sarnoff, John Donahoe (then the chair), David Dorman, and Enrique. It ultimately did go to a full board vote but Enrique was on that initial candidate review team of four that narrowed downt he list. Eleven months after Alex started, Enrique becomes the board chair. With Donahoe, shareholders voted for him. With Lores, it was not done that way. He was appointed via a governance committee. About 1 1/2 years after Enrique becomes chair, Alex is sacked and Enrique is appointed.

Writing from me but data below from ai research and SEC public info discovery.
Alex Chriss (2023) vs. Enrique Lores (2026) equity when hired:

Regular RSUs: Chriss $16.75M | Lores $16.5M
Performance RSUs: Chriss $17M | Lores $16.5M
Make-whole RSUs: Chriss $10M | Lores $20M
2027 RSUs granted upfront: Chriss $0 | Lores $11M
Special stock-price award: Chriss $0 | Lores $25M

Total listed equity: Chriss $43.75M | Lores $89M - dan's comp was less than 30 million btw. Now you tell me how important WE are in this equation? We are not. I've never felt so disgusted with a company.

finally, one more question, why tf was Enrique's comp almost doubled over Alex Chriss? I also looked at his compensation at HP. our equity package was 4x that what he had at HP. something is OFF with all of this. this is what I am doing instead of working as I wait for the axe to come down. go to h*ll PayPal.

#Compensation #CorporateCulture #EmployeeRelations #Layoffs #Leadership