#savings

So many spend like the job will last forever. I think that more frequent layoffs have made it clear that's not the case. I know a few folks who're now panicking because their savings are nowhere close to where they need to be in case they lose their jobs. Don't let that happen to you.

A strong early retirement offer from Verizon can be the foundation for a secure future—almost like building your own retirement “empire.” The key is preparation: know your pension value, health benefits, and savings runway before the offer lands. A good offer combined with early planning can turn a stressful decision into a life-changing opportunity.

I am writing this just wondering if anyone with more experience than me would be willing to share any tips on how much a person needs to have saved in case of layoff or having to leave due to the stress and all that. There's so much info out there.... I've heard 1-3 months of bills, and then I've heard 3-6 months. Everything is so confusing and I don't really have anyone around who really understands what we are going through. Any advice would be helpful. Thank you in advance.

Verizon promised Wall St 5 billion $ in savings this year. An EISP would be a pretty painless way to get a bunch of people off the books now rather than pay them four more years of salaries and benefits, as guaranteed per the contract extension. I guess the company would rather layoff even more people than do this?

I’ve been following the news and doing some financial planning. I’ve been thinking from a net worth perspective instead of just cash flow.

I get that if you’re already a multi-millionaire, instability from a potential layoff doesn’t keep you up at night. I’m curious though, at what net worth did you personally stop fretting much about this kind of risk?

The usual advice is to save up 6 months of expenses in cash, but I’m curious from the asset side.

Is this an OK question to ask here? Just trying to do some planning when the rumors are floating around.

Historic layoffs are beginning as AI will be dramatically installed from now til the end of the year. Increase your emergency funds as much as you can!

People keep obsessing over whether layoffs are coming next week or next month, but that's not the right thing to focus on. You can't control when they happen. What you can control is how prepared you are. Update your resume, network, save some money. Once you've done that, the timeline becomes less important. You'll be ready either way.

Save and cut costs!

Stop paying retail reps for In-Store Pick Up orders!

You are literally paying double commission!

Millions of dollars saved!

So if one applies for VSP and gets declined. Supposedly they can still lay off that same employee later but now without the additional bonus weeks offered in VSP. Isn't that questionable? A possible law suit? I mean if they deny a significant amount of applicants and then lay them off in August, that would be decent savings for them... somehow this entire situation makes me think of " Attica! Attica!" shouted by Al Pacino in the 1975 film Dog Day Afternoon.....Pacino, playing a desperate bank robber cornered by police, uses the chant to reference the 1971 Attica prison riot. He does this to rally the crowd and turn public sympathy against aggressive police tactics. Can't remember how it worked out for Al. ..

Will see reductions in my backyard, planned for August. Full scope within MDT unknown.

Watch for more "savings" coming. . .

https://www.wsj.com/video/how-ibm-saved-45-billion-using-ai/C3EDE5AB-F38B-4281-8A92-0421C8753129

By: WSJ Leadership Institute
49 min. ago

IBM senior vice president of marketing and communications Jonathan Adashek explains the company's "client zero" initiative, which utilized artificial intelligence and automation to cut $4.5 billion in spending over three years. The IBM executive also explains how the technology is freeing up creative teams from menial tasks and generating more targeted sales leads.

Eliminate half of all VP roles. We should be fine without them. We will save millions to meet the cost savings target.

Surgical layoffs coming in August after secret post-op analysis is completed of current AI and offshoring initiative. Not mass cuts but not small either. Please make sure you have 6 months of pay (gross) in a savings or money market account for your emergency fund. You have been 'WARN'ed.

I have been trying to record my family’s expenses and with everything included from mortgage to groceries to kids classes and education savings, car insurance to home insurance, it costs around $8K-9K to run a home which keeps my single salary savings to $500 per month. Do you guys see the same too or more? What are your ways to make sure you save more on a single salary?

Given the latest layoffs and the constant threat of more cuts, I’ve been thinking a lot about how much cash I have available and how many months of unemployment it would carry me through. I didn't like the number at all. Three months tops. I’m curious where other people stand when it comes to fully liquid savings, not stocks, retirement accounts, mutual funds, or anything you’d have to sell or wait on. Just money you could access immediately if things went sideways. Am I the only one who's utterly unprepared in all of this mess?

Takeda Pharmaceutical plans to eliminate approximately 4,500 jobs globally. These cuts are part of a major "Transformation Program" by March 2027. The restructuring aims to consolidate departments and automate operations. This effort follows the significant revenue decline of its dr-g VYVANSE. Savings will fund new experimental dr-g launches for future growth.

https://finance.yahoo.com/sectors/healthcare/articles/takeda-laying-off-4-500-204550228.html

Survived this round. There will be more rounds.

Assuming that I have about 7 years of experience, late 30s, mid 200K total comp, wife is not working, have a toddler. No debt/mortgage (renting in So Bay). Working in sales.

Is there a rule of thumb for how much should someone like me have to have saved to hedge layoff risk?

I've been running scenarios in my head for days. If I get laid off next week, what do I do. I have some savings, maybe two or three months worth. I could pick up some consulting work, maybe. My partner does work, but their income alone wouldn't cover everything. We could sell my car, move to a cheaper apartment, ask family for help. But none of those are good options. I'm realizing I'm not as prepared as I thought. So I'm asking genuinely, what's everyone else's plan B? Are you ready for this, or are we all just hoping we'll be spared?

Is there any general rule of thumb for how much someone should save to get through a layoff? For example, someone making around $60K with about five years of experience. Asking for a friend.

What happens to any supplemental pension or supplemental 401K savings if you are forced out at 52 and would have been NRE before (I know that is now removed). Would the company really just keep it and say tough luck?

Instead, I just keep my resume fresh and my savings padded. Whenever it happens, I'll be ready. Been feeling much better, to be honest, since I adopted this approach.

Every job has its pros and cons, but here the bad has been steadily outweighing the good for years. I've got some savings, and I'm not exactly optimistic about the job market. But begging to stay and being consumed by fear over losing the job? Not happening, even though leadership would clearly love to see us on our knees.

https://www.salary.com/research/executive-compensation/nike-inc-cl-b-executive-salary

How does MF stay and keep earning? So glad nasty HON is gone. Backfill not necessary. Big savings there.

Why are we paying MW over 30 million a year when he can't make decisions and just hires multimillion dollar consultants like McKinsey to run the company? Maybe fire MW and we'll really save money!

Q: I am 24. I want to retire at 65. I plan to live to 85. How much do I need to save every year if I want to spend $100K every year after retirement?

A:

To retire at 65, live until 85, and spend about $100,000 per year in retirement, you would need to save roughly $6,700 per year starting at age 24. That is about $560 per month. This estimate assumes your investments earn about 7% annually before retirement and about 4% during retirement, with your retirement spending measured in today’s dollars.

The estimate was calculated in two steps. First, I found how much money would be needed at age 65 to fund $100,000 of annual spending for 20 years in retirement, treating retirement withdrawals like a 20-year annuity discounted at a 4% annual return. That gave a required retirement balance of about $1.36 million. Second, I calculated the fixed annual savings needed from age 24 to 65 to grow to that amount, assuming a 7% annual investment return during the saving period.

We used to get DoorDash credits all the time … what happened to that ? Is Rick trying to save money?

Takeda Pharmaceutical filed a WARN Act notice confirming 634 U.S. job cuts. Of these, 247 positions are at its Cambridge, Massachusetts headquarters. The company's board approved a restructuring targeting ¥200 billion in gross savings. These savings are intended to fund upcoming dr-g launches and pipeline work. The cuts address revenue shortfalls following Vyvanse genericization.

https://www.ctol.digital/news/takeda-1-3b-restructuring-layoffs-investors

Not even amongst those providing rubber stamp approval and reviewing documents?

They cost a bunch right away with severance and other related stuff, and then they hire new people who might be cheaper but are less productive and sometimes need two new employees to cover what one person used to do. How does that somehow equate to savings?

It was a bumper year with all the savings through layoffs, keep an eye out on the local newspaper over next few days.

Many companies will pull forward their layoffs that were planned for later on the year (in the second half of 2026) to the first half of 2026 due to oil price increases and the cost of war, inflation causing everything to go up.
Save your money. Forget the vacation and brand name anything. Save enough money to pay your bills and put food on the table. AI was already taking jobs and now higher cost of OIL will also do the same.

Compass International Holdings initiated layoffs. One hundred ten jobs were cut in Madison, New Jersey. These reductions follow its recent acquisition of Anywhere Real Estate. The company aims for "cost synergies" after the merger. Compass plans to achieve significant savings over three years.

Madison, New Jersey

https://therealdeal.com/national/2026/03/06/compass-post-merger-layoffs-are-here/

First weekend in forever where I'm actually relaxed. Started off feeling awful, then it just lifted. I know the job hunt will be brutal. I've been looking for months with nothing to show. But I've got savings to get by. Right now, I'm choosing to enjoy being free of that toxic place. You never see how bad it really is until you're on the other side.

Thank you for your service:

John Stankey - $26,410,845
Pascal Desroches: $15,477,119
Lori Lee: $9,889,903
Jeff Mcelfresh: $15,602,605
D. Mcatee: $13,637,271

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pdf.secdatabase.com/2460/0001193125-25-073402.pdf

It's so tiring to be focused on the possibility of losing your job 24/7. I'm always saving money to the point I can't enjoy my hobbies anymore. I don't know the last time I bought a book or a game because I can't justify the expense even if I can afford it because I could potentially be laid off any day now. This is a very sad way to live and nobody responsible for it seems to care.

Been told will end of Q3, all supporting roles, most of middle-management will be cut, and most of Presales - will go away too, and rest centralfised to Egypt. Savings everywhere. First they assessed all middle-managers M4, M5 and M6 if needed. And you know answer.

Curious how people usually spend their measly bonus? Do you put it in savings, book a vacation, pay bills?

After eight months, I'm still looking for a job. I had a few promising interviews just to get ghosted in the end. I'm lucky because I have plenty of savings to be okay for at least another year, but I know so many folks who are not so lucky. These layoffs destroyed so many lives.

Thirteen staffers in two New Orleans municipal departments received pink slips this month under Mayor-elect Helena Moreno’s plan to balance the city’s budget, the first of multiple payroll cuts that are expected to claw back $37 million in savings.

https://www.nola.com/news/politics/new-orleans-layoffs-budget/article_cf2f6e88-bc75-4c80-acde-40a2a3e9c836.html

What is your number for amount saved to retire and associated age to retire?