#management

Genentech has reportedly eliminated its infectious disease and physiological chemistry units, losing key executives including Vishva Dixit and Man-Wah Tan.

https://www.bizjournals.com/sanfrancisco/news/2026/06/11/genentech-layoffs-infectious-disease-job-cuts.html

Because that always worked out for others, right? Id--ts. We're being "led" by id--ts.

So our TM told us today to expect a survey in the next couple of days about our interest in moving to Proximity. Said they're hiring over 600 CS jobs and over 80 Team Manager jobs in field locations all over the US. They said it was staffing neutral and if they do not get enough people they will hire from the outside. That means probably some buyout opportunities coming that way for Fire company. There will not be a lot of takers for the Proximity jobs! They will have to shed at least 300-400 Claims specialist and 40-50 Team Managers to keep it staffing neutral. With the new SFPSP program coming in and more AI, most in Fire company are done. Better get your self ready!

Pharmacy Managers, Pharmacists, quality MGRs, and skilled techs, all accelerating their path OUT.

Requisitions sit empty and the few qualified candidates are backing out of offers.

Sycamore has officially crossed the point of no return. They had their chance to target their highest rated people and offer retention money, but no, they'd rather give it to somebody new.

Increasing salary ranges and sign on bonuses aren't enough anymore to save this catastrophic experiment of private equity and pharmacy.

The damage has been done with the cuts and lost trust.

This fall through holiday season will be the a horror show and Sycamore knows it.

The examples?

Sudden ramp up hours after months of historic cuts to techs and staff (too late, they already quit and left to get more consistent jobs).

Change in bonus policy. Now bonus eligible positions need to stay employed until November payout to receive compensation. Several months passed the end of the fiscal year. (The legality of this is being reviewed)

It’s funny today they came to shut off the power at a corporate store Lakeland. They said the power had not been paid. The Assistant manager scrambled to call the District Manager. He picked up and could be heard saying he is very busy. The ASM said sir they are about to shut our power off. That DM is very lazy on a normal day They gave them an extension of 24 hours LMAO. When is the last time that has happened. I knew the Retail leadership team were clowns but not our team that is supposed to pay the monthly bills too lol

https://www.thelayoff.com/post/@OP+1ktenpssz

Sorry to hear, but incompetent managers is not unique to belle chasse. Wait a few years and hopefully they move on and things will change for you.

Gainwell hires NTT to take over certain aspect of their operations because they aren't fit to do the job themselves.

NTT comes in and in many areas, doing exactly the same thing Gainwell was doing. I think it has to do with the managers that were brought over from Gainwell who continue to adhere to bad habits and that losing/toxic mentaility. Whoa on the NTT managers who think the ex-Gainwell managers are going to change.

After two decades of dedication, I just got laid off. Not because of performance. Not because of skills. But because someone who’s better at playing politics and st-----g the manager’s ego than actually doing the work got to stay.

This is what favoritism looks like in real time — managers protecting their inner circle while people with real experience and real contributions get shown the door. And somehow, upper management never sees it. The moment you try to point it out, they go conveniently deaf.

Twenty years. Reduced to nothing because I wasn’t part of someone’s “yes-man” club.

To anyone going through something similar — you’re not imagining it. This is real, and it’s happening more than companies want to admit.

So the legal lady comes in to clean up the mess after CG doesn't "do the right thing." But the whole function is worse than ever. What gives? Where is the talent brains and skill in the org spending all this $$$? Are we really going to win this way?

And dfs employees are being thrown under the bus and calibrating to below strong.

This is to fill up the pip quota in order to save Cof employees.

Managers in dfs are new to this process so they can’t adequately defend their employees.

Anyone else having a different experience?

You wouldn't believe how many talented people are stuck here doing nothing useful because management won't get out of their own way. They constantly override the people who actually understand the details and then act surprised when nothing works right. After a while, even the best folks just stop caring and go into survival mode because what's the point of trying anymore?

People managers will either be offered to go back to IC or let go. Is this true? With AI what's the role of managers anymore?

Outside of ignoring problems until they get worse?

Why do industry observers and specifically BP staff automatically give high praise to Meg? Can one person from the outside manage to upright a failed strategy and a culture which abhors change?

And you know what? For once, I'm okay with that. We have way, way, way too many layers of managers with barely any direct reports who never do anything useful. Getting rid of them will actually cut costs without affecting work in the least. I don't like layoffs, but for once I approve.

How do managers sleep at night when they have to downgrade someone who clearly earned a better performance rating?

Does anyone know when is the next wave of layoff coming and if they would be giving us severance package? I am sick of upper management

You can't slash decades of collective knowledge for a small budget win over and over again and then look confused when everything starts falling apart. That isn't bad luck, that is the direct result of your own choice.

I am so tired of getting blamed for projects that went wrong because management approved bad plans.

Nvidia CEO Jensen Huang publicly praised Qualcomm’s mobile capabilities and humorously told investors to "buy their stock", Nvidia simultaneously announced the RTX Spark superchip to target the "Windows on Arm" PC market.

What are waiting for and why are you so passive? Shareholders have been wiped out and you seem like all is fine. Not it is not! There is one scoreboard for a public company and you are losing. You will be out of a job at some point unless you take decisive action. This company need to be broken up into to pieces (Merchant and FI). Your team is not capable of dealing with the size and complexity as it is comprised today.

Do year end reviews have any bearing on the upcoming layoffs ? Do direct managers have any input ?

Is it all cost related ?

Just saw a post on LinkedIn that was

Excited to share my next chapter at Xerox! And then the post went on to share that this person moved into a director role and how they will continue to help Xerox on the transformation journey.

What wasn’t said but I bet is true: 1) this person is part of the 20% moving up at Xerox 2) while others whine about no pay raises this person created their pay raise 3) this person will continue to change Xerox for the better.

Congrats to another 20% worker changing our company for the better. Yes this was posted in the last 24 hours and this person moved into a new position after a round of lay offs.

Are the rumored Aug layoffs still a thing? Any word on Elliot management?

Morningstar Rankings of MoA Funds through June 7. The higher the percentile rank, the worse the performance. That redesigned Capital Managment landing page will no doubt propel these funds to new higher rankings

Fund Rank ER
MoA Intermediate Bond 99 0.470
MoA Clear Passage 2020 96 0.490
MoA Retirement Income 94 0.530
MoA Core Bond 85 0.450
MoA Mid Cap Value 84 0.700
MoA Clear Passage 2025 81 0.440
MoA Clear Passage 2055 81 0.380
MoA Clear Passage 2050 80 0.370
MoA Clear Passage 2060 80 0.400
MoA International 78 0.480
MoA Clear Passage 2035 77 0.400
MoA Clear Passage 2030 75 0.430
MoA Clear Passage 2065 75 0.490
MoA Clear Passage 2070 74 0.410
MoA Clear Passage 2045 72 0.360
MoA Clear Passage 2040 70 0.370
MoA Conservative Alloc 70 0.500
MoA Small Cap Value 69 0.850
MoA Catholic Values Idx 62 0.250
MoA Mid Cap Growth 57 0.630
MoA Moderate Allocation 53 0.380
MoA Equity Index 38 0.140
MoA Mid Cap Equity Idx 36 0.170

The Titanique ! is now on Broadway ! or is it 575 5th Ave ?

What the actual f-k is going on with the stock price in this company? This absolute failure of a management team has driven the market cap down to $38B. That is absolutely insane at how poorly it’s performing. Is management really this d-mb? At this point it seems like they just want it to go lower and lower. I couldn’t imagine working for this company and just watching the value constantly decrease. Your work is just meaningless at this point.

Our manager just sits there nodding while other teams blame us for everything. No pushback, no defense of our work, just silence while we take the hit. I mean, he looks bad in the whole thing as well, he should at least care about that. But nope, just lets it happen.

What happened to the people who actually knew how to lead a bank?

It stupid to have security under FTS/FAST to begin with. I don’t get it!…MD and that CIO guy were two of the worst hires in the history of the company. Idk think they know what they were doing.
He only did a year then left!…he wanted everything to be engineers. Nonsense

Looks like the fat is finally being trimmed. Few managers have joined back as technical ICs while several have been impacted in the Cx delivery org. If you don’t contribute technically, being just a people manager is not good anymore.

Highly recommend Incorruptible by Eric Ries.

Then again- our leadership is too obtuse to actually see themselves in it. We would rather ask Maurice his favorite ice cream.

The disaster starts with our OD. He is out of touch. He is only a numbers manager and unable to lead. Does not have competency to lead. Blames everyone else for his failures. He is the common denominator. Unable to take responsibility and accountability. His answer is always to fire someone else or ask someone to be fired. We need a new OD.

Our manager explained to his team leads that the only reason he still has a job is the director knows if he removed the manager he will have to manage the team leads and direct reports. The manager also shared that he owes management a breakdown of his reports workloads and knowledge transfer requirements for those workloads to overseas teams.

“The way I see it is if you want a rainbow you gotta put up with the rain” - Dolly Parton

I've long stopped expecting anything from the people above us. They don't have a plan, they don't have a vision, and they don't have any idea how to fix the problems they've created. It's been years of the same chaos.

Anybody else being given more meaningless "busy" work by their manager when you already have more than enough work of your own and are actually busy tying to get it done? Can there be any other point to this other than intentionally trying to make me look incompetent?

I have been here around three years and the tension just keeps building. You can't change priorities every week and then act frustrated when work falls behind. Meanwhile, we can't ask any questions anymore because they often turn into criticism. This isn't a healthy work environment.

It's not being great at anything. It's being cheap and staying average. Excellence would cost money and require effort, and neither of those seems to be in the budget lately.

Wipe out non technical managers and PM from McDonald, BurgerKing, HomeDepot etc … Need actual certifications from experienced technicians or engineers.

Where is she getting all the numbers about 75% of the people getting our yard are getting internally placed again? Most instances the reqs are frozen or there’s none to apply to. She is so fake and I can’t believe people love her post.

What’s going on in finance? Upstream CFO quits then a lot of mid-career hipos quit. No word from management on what’s going on