#layoffs

stock falling to double digits, forget double digit growth. Too many SVPs with no work from GBS fired, yet no difference. some one in leadership should ask, instead of bull dozing on the employees, what is the company doing to grow and make life better.
layoffs, forcing people to do mundane work, no innovation, what more?

Owens Corning, a multi-billion-dollar manufacturing company, confirmed it would be laying off a large portion of its staff in Utah.

The Utah Department of Workforce Services’ pre-layoff notification service lists 67 expected layoffs at its Nephi location. The date of the anticipated layoffs is Oct. 27, 2025.

https://www.abc4.com/news/central-utah/billion-dollar-company-layoffs-nephi/

I’m from Ansys, this entire acquisition has been terrible for morale. We’ve had little to no layoffs in decades operating along, even when we acquired other companies. Ansys was performing fine with no signs of layoffs and record breaking quarters without Synopsys. We’re less than 2 months in to the acquisition and are likely losing half of our staff.

Sassine's first act as ceo has been a terrible one, at least for the resources at Ansys.
OP: @ct+1k4r879jw

This. And now we are all going to pay the price for the acquisition, especially the Ansys people.

Novo Nordisk is cutting some 9,000 staff across its global operations in a bid to generate around $1.25 billion in annualized savings through 2026.

The layoffs amount to an 11% headcount reduction, according to BMO Capital Markets.

https://www.biospace.com/business/novo-axes-9-000-employees-worldwide-as-new-ceo-makes-good-on-cost-reallocation-promise

Wondering what the latest round of lay-offs generally paid out.

Is Optum going to ki-l our business? Should we all be looking for new jobs?

Total 2,035 headcount reduction

5 countries headcount got the most impacted

USA 763
China 328
India 294
Brazil 59
Malaysia 43

Wow! Payday for Larry Ellison! CK and DA are watching

https://x.com/thejobchick/status/1964360192017256908

Larry made $110,000,000,000 just this morning. The stock is absolutely going crazy right now.

Amazing that after causing so much damage to people’s lives and families that this is the reward.

The concept of karma doesn’t exist, being a ba----d and being evil is rewarded in this world.

It feels like this world is overdue for a total cleansing, an extinction level meteor needs to just hit Earth to heal it.

Any T out there regarding layoff announcement Sept 15th ?

Lots of background buzz about this month but know of 3 people near me

8 Electricians furloughed at Albina and Salt Lake with option to relocate. More smaller shops being looked at for cuts its not over.

At least 100 employees received notice on September 2nd giving them 90 days until their December 2nd termination.

My manager called me into a 9:00 a.m. meeting and said "I and requires you read to you the following statement...". The notice was legalistic and had no positive message (like perhaps You haven't done anything actionable). He had no other details for me and no specifics about severance. He said I would receive an official document within 24 hours and I received that in the evening.

Opportunity is given to apply for jobs internally, but I have much better opportunities outside and BSC just isn't a great place to work. The usual job search consulting and training is available through the so-called "talent bridge".

Severance information was listed in the document that I received and all full-time non-manager employees will receive two weeks severance plus one additional week for every complete year of service. It appears we don't get any portion of our performance bonuses like TIP because the grant date is after termination.

So a meager severance package and a dreary 90 day notice while they try to get some transition how do I say and hope that we go away at zero cost. If we leave prior to termination date we get no severance and we lose TIP bonus regardless. Leaving people at risk for being jobless and short of funds right before Christmas.

That's a cold corporate kiss-off. They definitely care more about savings than treating people fairly.

Prior to this jobs downturn for having I would have had my pickup jobs. I still am not too concerned but can't be sure. We were told in a training bridge overview session that They recommend spending 30% of our job time on training and job search. I think they'll be lucky and will say thank you if I give half. The internal corporate optics are not good when they push on people already striped of their financial stability and professional dignity.

The movie Office Space tells us everything we need to know about how to use the little power we have to not become victims of corporate greed and cruelty. Practice Quiet-Quitting and "Not Missing Work".

Meeting between Dallas and Atlanta regarding aggressive cost cutting showed Minnesota on top of list.

Firstly they ignored the most up voted question about how to improve Support organization when they keep cutting headcount and experience.

But more importantly this is a completely pointless call for anyone not in the CS organization. It was an entire hour of talk about sales (called "adoption" and "renewal").

Why was I invited to this? We had to reschedule our application development support weekly meeting for this cr-p.

The customers repeatedly tell us they're dissatisfied with support (which is under CS&D), yet the board keeps reducing headcount and laying off our experienced support engineers. This company is doomed with these board execs seeking short term share growth over everything.

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).

Heard from someone in the know that Schart isn’t going to directly talk about layoffs during the town hall, but heard he will be making remarks about leveraging AI and that its going to be sold under the guise of being able to help make our current jobs “easier”. YEAH, JUST BEFORE WE GET LAID OFF AND REPLACED BY A ROBOT!

If I had 10 cents for every dollar wasted over the past 15 years, I'd be wealthy. From IT solutions and overstaffing to training and firing thousands of nurses, plus failed EMRs and workforce management, the waste is staggering. Worse, those responsible were paid handsomely for poor results and received golden parachutes when their failures became clear.

From TheJobChick on X:

Here are the 11 companies that increased H-1B approvals in 2025:

Amazon Com Services — 10,044 (+787)
JPMorgan Chase — 2,440 (+721)
Microsoft — 5,189 (+464)
Apple — 4,202 (+329)
Meta — 5,123 (+279)
Cisco — 1,570 (+238)
Tata Consultancy Services — 5,509 (+229)
Visa Tech — 466 (+131)
AWS — 2,347 (+131)
General Motors — 574 (+106)
Amazon Data Services — 543 (+102)

x.com/thejobchick/status/1965764315199488253

Despite Oracle's strong Q1 performance and a 30% increase in share price, the company has announced a planned restructuring across its EEA operations, proposing a reduction of up to 2,000 roles across multiple lines of business. This initiative aims to rebalance costs, streamline operations, and reinvest in AI and data center capacity. The exact number of impacted positions in each country remains unfinalized, pending local legal consultations and regulatory requirements. Where feasible, Oracle may offer options like voluntary redundancy or early retirement, though availability may vary across EEA countries. How Oracle will compensate the thousands of employees affected by these layoffs worldwide remains unclear, with details on support programs like retraining or career transition assistance yet to be fully disclosed.

Will there be more cuts?

JP Morgan has announced another round of layoffs expected to happen by the end of November, impacting employees in Jersey City.
YNAP corp. is also reported to be facing some financial challenges and plans to close its US office by Nov. 15th.
Also, BioReference Health layoffs are expected to end by mid-September laying off 69 employees in Elmwood Park.

Does anyone have a date for a September RIF? Is it this Thursday or next? Does anyone have specifics for WellMed?

At least a dozen nurses were notified of upcoming layoffs based on an 'HR algorithm.
For now, the situation remains uncertain, but one thing is clear: this isn’t just about layoffs. It’s about the ripple effect on a close-knit community, the patients who rely on Mayo Clinic, and the future of nursing in southern Minnesota.

https://nurse.org/news/mayo-clinic-austin-nurse-layoffs-community-impact/

I stepped out of my management position and took an IC role at the same level. Using managers the way that Dell wants to use them just doesn’t align with my ethics and career goals. You aren’t really doing any productive, laying off people left and right and there is absolutely no appetite for any original thought or ideas. No want for innovation either and absolutely zero growth.

Why would I want to stay in any managerial role at all? Unless you really just want to make PowerPoints, sc--w people over, kiss a$$ and lay people off then I don’t see the point anymore here at Dell.

Following mass layoffs, Microsoft exec insists return to office mandate is "not about reducing headcount"

https://www.rockpapershotgun.com/following-mass-layoffs-microsoft-exec-insists-return-to-office-mandate-is-not-about-reducing-headcount

It’s been a bit too quiet on the subject for my taste. Does anybody know if something is coming, or am I just being my usual paranoid self?

Whether or not cuts are announced, it doesn’t change the fact that employees need to be ready. Preparing yourself mentally and financially for the worst-case scenario is the only way to avoid being blindsided by sudden changes. And working at Truist and everything that comes with it, it's a must.

Get out before you’re kicked out on your a-s without even severance to soften the hit.

I’m not even talking about offshoring. There are plenty of openings right here in the US. Why is the company hiring people if we’re supposedly in such a terrible position that we need to lay off a large chunk of the workforce worldwide?

The midnight shift cut at the General Motors' Oshawa plant has been postponed to Jan. 30, 2026, the company and the union representing workers confirmed on Tuesday.

https://www.cbc.ca/news/canada/toronto/gm-oshawa-shift-cut-postponed-january-1.7628767

Non-stop layoffs for months. Microsoft is turning into a joke.

I swear, one day your role is critical, and the next you’re suddenly behind on metrics no one properly explained. With layoffs always looming, it’s even more stressful to deal with. I don’t know how much longer I can take this and protect my mental health.

This is the opening salvo. If we’re spared and it all hits Ansys’ side, I wouldn’t be surprised at all if we hear about more cuts on our side soon after. No acquisition of this magnitude happens without major workforce realignments, and this will be no different. I’ve already started applying, just in case.

Is the company negotiating with the EWC (European Workers Council)? How are negotiations going? When will the local councils tell us something?

Utah’s largest network of independent, physician-owned clinics is planning to lay off 177 Provo office workers this fall. The state’s Department of Workforce Services announced Revere Health’s intended layoff on its Worker Adjustment and Retraining Notification, or WARN, dashboard.

https://www.sltrib.com/news/2025/09/09/utahs-revere-health-clinic-network/

Every decision needs ten approvals, processes are unnecessarily complicated, and I spend half my day putting out fires I didn’t create. I was hired to innovate, not babysit broken systems. I'm shocked Visa ever needs layoffs considering how many are walking away from this mess voluntarily.

Following its previous announcement that it was seeking $50 million in annualized cost savings, Wheels Up today implemented a series of layoffs, multiple sources tell Private Jet Card Comparisons.

https://privatejetcardcomparisons.com/2025/09/09/wheels-up-follows-cost-savings-announcement-with-layoffs/