#rumor

Something tells me something major is coming.

May 5 or June 6. This will be huge.

Did we hear anything new on potential May cuts? Or has that rumor been debunked?

You hear first here

7% to 9% headcount reduction expected to be announced August 12, 2026.

Is this correct?

Rumor execs driving down stock price and cutting employees by 25%+ to sell the company in pieces

Anyone hear anything about cuts in AML?

Check out this video, "uhg moving hq"

https://youtu.be/v0ll2Y2tp1I?si=FDd9GBQuyn6YnHo-

There are some high profile visitors to the Edinburgh office this week. Is it to announce the location is closing? What could be the reason to visit a site with less than 50 people in it

Starting the 26 lay-off thread
Rumours they're coming in the next few months.. more operational efficiency/do more with less (more with AI)

Is there any information on the potential sale of the ACVS business unit? It was published in Bloomberg over the weekend, nothing has been stated internally yet.

A few weeks ago someone posted a rumor about an upcoming reorg in New England and OPW. Can we get an update?

This notification confirms your on the list. This gets installed 10-15 days before layoff.

Does anyone know why best of belk is so hush hush.??

Does this mean Robbie "I look mahvelous in my hoodie and sneakers" Thomas soon takes over to be IBM CCO (Chief Cheerleading Officer)?

https://www.zillow.com/homedetails/96-Norrans-Ridge-Dr-Ridgefield-CT-06877/57345758_zpid/

the volume of posts and replies on here rises like a tsunami

HR and execs behind closed doors...

Hmm...

remember when it was "rumors" last month and a company spokesperson denied it. shameless

Hearing credible rumors from multiple sources this week that YL has set a target for functional cost to be cut 50% by 2030 from 2026 levels. Meaning all current reorgs are only a stepping stone cost cutting measure to be followed up in 2028/2029 with another round equally as deep. Please share what you know. promoted this year, feeling a bit vulnerable now.

They'll be laying people off left and right anyway. Sure, some people they might want to keep could leave first. On the other hand, it's not as if they've been working hard on talent retention. The only way it wouldn't make sense is if they've been planning to ramp up attrition. That wouldn't be a shocker, really.

Or are we done?

Hearing rumors the deal is closing in the coming weeks, that T sold AT&T Mexico to Televisa (Izzi telecom division ) , Televisa is like Cablevision in Mexico they have both media and a Telecom arm (Izzi) . Curious if anyone knows any details and specifically how much it sold for considering it cost $4.3B in 2014-15 to acquire Nextel and Lusocel

Next week or the week after? Anyone have credible info? I thought next week was unlikely given all the planned events, but now I'm hearing they might happen anyway.

I’ve talked to multiple people and all of them are hearing that Trew is buying IGS.

There’s a big discussion about May 26 big layoffs in my team. Have anyone heard anything about May 26?

Are rumors about May layoffs true?

Any rumors of upcoming RIF or early retirement plans?

Lots of people speculating that Lead positions will be almost non-existent and Managers will have huge teams. Any substantial information there?

Some rumors/rumblings that there was a "walk out/log out" in protest in parts of Claims today. Any word on what that was about and the extent of?

Multiple members of Belk’s top brass are quietly and quickly planning an exit strategy from the company. Some choosing to stay in the retail industry, while others choosing the leave the industry altogether. Retirement is a viable option for some. Know that business model of belk is antiquated and unsustainable.

When there are posts of people claiming to be let go, their friend was let go, they know of a team that was let go etc, but they can’t answer when people ask WHERE or WHO even though this is anonymous, it leads me to believe these people are lying. They’re just trying to cause excitement and anxiety and stress.

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?

Heard a couple of Execs who’ve been around forever at SL Chemicals were "moved aside", True?

The bird is the word.

Assuming more layoffs tomorrow.

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?

I've seen it mentioned here, and the same rumor has been going around the office.

Any chatter about which teams will be impacted?

There are rumors that there will be major reorg announcements tomorrow (Wednesday) and Thursday for the businesses and some back office positions. Not sure if any layoffs are included in these announcements but stay tuned.