#layoffs

The modern Ford Motor Co. has emerged, CEO Jim Farley said Wednesday as the company detailed some restructuring and said it will refresh 80% of its North American vehicle volume by 2029 as a part of its efforts to compete against new competitors like Chinese brands.

Former Apple Inc. executive Doug Field, Ford's chief EV, digital and design officer, will depart over the next month as Ford prepares to launch next year its new Universal Electric Vehicle platform.

I saw someone mention Risk might be affected as well, but I haven't heard any updates.

A few people from India product, US sales, rich media and US cx were let go today. Amidst what they call content transformation automation restructuring

It boggles the mind, no matter how you look at it. Sorry to everyone affected. I have to believe there are companies out there that actually value what you bring.

I heard about on-going layoffs in D&AI. I know someone who got laid off.

Is this one off usecase or more is yet to come?

I have heard there will be 1% layoffs with most groups exempt

Anyone hear anything different ?

I heard it's starting on the 28th of April and that M4s have a list since the beginning of April.

Is it true?

Over 25 years with this company, and got my layoff in an email.............how great is that? Great place to work.....NOT..................we are all a number now..........remember this........profits over people............the private equity firm su-ks........

I have heard of a couple people who were impacted by this and told yesterday. Anyone else hearing this?

We had some bs under Charlie but never have i ever experienced anything like this now under Robin. It has become so toxic and everyday could be your last with what they have been doing to employees. And yet he goes on the news or does his little interviews and has everyone thinking hes amazing and doing great things

Our small group was told April 23 is the date

I FINALY RELEASED WHAT THE MOTO MEANS.

I heard this moto many times in All hands meetings, they essentially say "Do More with less" in the context of AI, to encourage you to feed your work details to AI so they can train capable models to replace you eventually.

BUT from talking to many engineers in EMEA, which haven't seen a promotion in years now despite having good reviews.

Executive compensation keeps increasing while workers keep getting laid off. Proposal 3 - vote against. Proposal 4 - vote against. Make your voice heard if you own stock in Citi through the 401k plan. Proxy statements and ballots were rec’d in mail yesterday. Check box to keep vote confidential.

I know someone who lost their job in P.A. today who said a dozen of their colleagues did too, including U.S. based managers.

Head of mobile business reassigned?

Yes entire team. We all got invited to a single business update meeting and then the director told us, this team is redundant.

Assuming more layoffs tomorrow.

When will this woman suffer the consequences of her actions?

Stock is tanking today. Normally, after a big RIF, the stock market reacts favorably.

She is TOXIC.

Gail or any of her flying monkeys that read this - STOP, just stop your greed and corruption is beyond even the great COVID scam.

SAP has been keeping a close eye on how Joule and AI agents are being used within the company. They also track the time employees spend and the links they click on SAP product pages. Layoffs are on the horizon, and they’ll be viewed positively if they demonstrate AI efficiency. It’s easier for the executive board and HR to justify cutting 10% of the workforce by claiming that Joule has made us more efficient. This narrative is the best SAP can present at Sapphire. To enhance this story, Sapphire's theme revolves around two main points. First, we have a wealth of data on employee performance, which is stored in a global repository for decision-making. Performance Management majes it easier of course. Second, AI can analyze raw data to generate insights and recommendations that boost operational efficiency. Although these algorithms are complex, AI agents simplify resource management for 'managers' because of their conversational skills. Now, here’s the kicker: SAP has improved efficiency by reducing its workforce by 10%. That’s a significant win for the Sapphire narrative. In fact, over the past few months, SAP has been promoting SuccessFactors AI and HR-related application AI, with management constantly focusing on operational efficiency.

So why is there skepticism about layoffs? Our executive board has openly stated their desire for layoffs and aims to make the transition tough for employees. The funds for executive bonuses and share buybacks aren’t coming from customers, so they have to come from the workforce. Since customers aren’t buying into the narrative, SAP needs to provide the proof using substantial layoffs. That is the only way the share price will go up and some gullible customers will help improve SAP's cloud backlog.

Overall, not a bad quarter at all! So it was definitely justified that you got a raise that didn’t even keep pace with inflation and the execs got like 15-20% extra. Keep working hard digging your own grave folks. That’s the only way this works.

The plan is that there will only be a skeleton crew in the US once ALL the cutting is done to still claim we are an American company. Farewell Five9, you were once great.

I heard sales people will be targeted as per previous treads but will managers from different departments will be too?

Epam HR and internal big brother tooling make work environment absolutely toxic and anxious. Now we all fight for one position which advertised as “any location”. As a full stack lead, I need to self apply to many so called open roles, to find that i am one of dozens of candidates, pass interviews and find out that my rate card is above SOW. Or someone is better fit, or project postponed, or backfilled etc etc. Total chaos with constant HR pressure, forced vacation days use. I know many people who quit on this torturous conditions like myself

Budgets cut, no new programs - everyone scared to admit (I’m not working on anything) out of fear.

I’m a SD here for 15 years this is as bad as I’ve seen.

It would be a welcomed change to be layed off.

Wells Fargo’s head count has fallen as the company tries to curtail expenses.

The company reported having 201,000 employees at the end of the first quarter, down from 215,000 for the same period last year, a 7% decline.

The bank reported that noninterest expense came in at $14.3 billion for the quarter, up $439 million, or 3%, from the same period last year.

Wells Fargo said personnel expenses rose $119 million due to higher compensation expenses in its wealth management unit where it has thousands of highly-paid financial advisors.

I have heard that 20% of NTWs will be rolled off by 5th May. Is it true? Are they coming back to full timers again after this? When will be the end?

Elon will personally oversee it.

HR is failing. After 35% cuts, the Business isn't happy with there performance. GV is done. JS is now leading learning and talent. He is hiring a consultants to layoff 75% of staff (MW must be interviewing his ethics for being our next CHRO). RP is spending more time with her boy toy than caring about the HRBPs. HRBPs are about to get slayed. All the while, GBS is about to get crushed by AI. LD is LD. She is awful. Needless to say, disfunctional leadership will cause many layoffs this year and next.

Which team and location?

Hope they all get laid off

If we all banded together and we could see the names, sees and ages you better believe there is clear evidence of racism in these layoffs.

I lost two truly competent people on my team - we are certainly going to feel it.

A lot of what OI does is facilitate the functioning of other divisions. I'm not in OI, but OI's work and tech has enabled a lot of the 40-90% headcount cuts to other areas (not that those reductions were always well advised).

A lot of the applied process support/automation/optimization work over the last 5-10 years has come out what remains of teams currently structured under OI, with most of the work, knowledge base and continued maintenance being US based.

Almost zero effort has been made to prepare this to be handed off to either contractor or OGA teams, and the "cleanup" from the Change Health breach resulted in a TON of project source material and documentation for currently deployed work being wiped, and zero time/resources allocated to reconstruct/replace the lost bodies of work.

Tl;dr: The people currently supporting the existing processes that Optum (actually) runs on are probably the ones that are going to get cut this round. Things will be OK, until an existing process needs to be updated, changed or expanded, at which point things will start breaking.

OP: @c3+1kp53601e

I came across this post while reading through our board. Worth bumping it up.

And all I feel is relief. I'm honestly glad I stuck through all the attrition so I could leave with a severance. Good luck to everyone still there. The sooner this place is in your rearview mirror, the better off you'll be.

This guy doesn’t know jack fu--ing sh-t about AI. This Town Hall was the worst I’ve ever seen from this incompetent sack of sh-t.

Tell us to implement AI when we’re blocked by D-mb and D-mber Legg and Markus on any actual use case. Can’t wait to get laid off because Legg tripled the Azure bill to accomplish nothing but tell shareholders “AI”.

Thank god ask AT&T has a PDF to podcast generator though, that surely creates value.

The cloud program is failing because of fundamentally poor leadership, misaligned hiring, and a completely top-heavy structure.

AC (Head of Cloud) and several of his direct reports do not have real experience running cloud platforms at scale. That lack of expertise is showing up every day in weak execution, poor decisions, and no clear ownership.

On top of that, there are multiple Grade 18+ leaders—many brought in from Amazon—sitting at ~$300K+ compensation levels with little to no tangible outcomes to justify the cost. The gap between pay and performance is not just noticeable, it’s unacceptable.

The structure is excessively top-heavy, accountability is weak within the inner leadership circle, and teams are left absorbing the execution failures. If this layer were rationalized, it could potentially free up close to $10M, highlighting how inefficient and misaligned the current operating model has become.

950 people being laid off as of tomorrow. Otherwise known as how Private Equity bankrupted a once great company

Any chatter about which teams will be impacted?