#costcutting

In the past month, I visited two leading microbiology labs in top U.S. hospitals. One lab had nearly 80 people performing the same task; the other had just five! Why don’t labs just start understaffing like we do! Need more yachts.

Expense management to priority #3, does this mean we are done with cost focused layoffs?!

And noncore areas that are not aligned to growth, including legacy areas are being significantly reduced and/or eliminated and that includes areas such as business wireline, nondirectional products, technology as well, wholesale, legacy copper and voice platforms and even projects with too long of a payback. So the team has done a great job in finding unit cost efficiency as we build both in wireless and in fiber, cost for prem pass, et cetera. So there's a lot of good work being there, and that helps us get to a lower CapEx envelope, but we're very focused on being very efficient with our capital deployment this year

They know how to squeeze the last bit of blood out of the employees. The company is making $650million cash profit but they plead poverty and won't pay the employees. Execs take millions for themselves and on top they are using the profits cash buying a third of the company by share buybacks. Drums package suddenly goes from $6.7 million to $10million effectively back door. They squeeze every $ they can from employees. Its plundering every which way they can.

It took a while. The financial turmoil is going to reveal a lot about a decade of corporate failure to strategize. I suspect we'll also discover that discarding human capital, treating people as a low-value input, has always been the stupidest mistake, driven entirely by short-term greed. A textbook example of cutting the branch you are sitting on.

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.

Things have been quiet but we know budgets are still tight and headwinds are only increasing. Something is definitely brewing. How likely is it that they offer a VSP to push out more expensive employees? I recall a post here from a few months back that mentioned this being a possibility. Any new thoughts?

I suspect there will be mass retail store closures/indirect takeovers over the next two years. If you listen to the Q4 earnings call 10 min 20 seconds in when Dan is speaking he word for word says “we expect to realize 1 billion in run rate operating cost synergies by 2028-double our initial estimate. These savings will be derived from network integration, THIRD PARTY CONTRACT EFFICIENCIES, and go to market savings across marketing and advertising.” If you work at small retail store that is not considered an “A” store and you are within a 10-15 mile radius of another corp store you should be working on your backup plan now and trying to transfer to the A store in your area.

I suspect there will be mass retail store closures/indirect takeovers over the next two years. If you listen to the Q4 earnings call 10 min 20 seconds in when Dan is speaking he word for word says “we expect to realize 1 billion in run rate operating cost synergies by 2028-double our initial estimate. These savings will be derived from network integration, THIRD PARTY CONTRACT EFFICIENCIES, and go to market savings across marketing and advertising.” If you work at small retail store that is not considered an “A” store and you are within a 10-15 mile radius of another corp store you should be working on your backup plan now and trying to transfer to the A store in your area.

Please try to remember this while you are listening to a corporate goon (GoGo) explain why VCIP isn’t great but the best is coming!
“During the pendency of any appeal in the Propel Fuels case, Phillips 66 is accruing additional interest liability at a rate of approximately $228,272 per day.” More than the median employee salary …… per day. Ignorance is bliss.

While CEO says Verizon is in drastic cost cutting mode, thus laid off 15K employees last month and another 8-10k will be next month...
While Verizon executives are posting pictures of their DINNERS IN KOREA while attending Samsung meetings in person! So much for cost Savings!!!

Watch, the first major move from the new boss will be another round of layoffs. It's the classic move to prove you're serious about costs to the investors. We should all brace ourselves because it's coming soon.

Peloton Interactive Inc., the long-struggling fitness technology company, slashed 11% of its workforce in a cost-cutting move, according to a person with knowledge of the matter.

https://www.bloomberg.com/news/articles/2026-01-30/peloton-cuts-11-of-staff-including-from-engineering-teams

This should be concerning to U.S. Bank’s CEO:

There is an ongoing concern regarding the excessive number of management positions within EFCC specifically CRT(Grade 14 and higher) within U.S. Bank. From an employee perspective, many of these roles appear to add little to no measurable value to daily operations, production goals, or team performance, yet they command very high salaries.

There is a growing perception that a significant portion of upper management has minimal direct involvement in the actual work being done. Meanwhile, frontline employees and senior individual contributors are absorbing the workload, resolving issues, and driving results—often without corresponding compensation or authority.

The department feels increasingly top-heavy. Decision-making is slow, layers of approval are unnecessary, and resources are being spent on positions that do not directly contribute to productivity, customer experience, or revenue. This structure is not financially efficient and raises serious questions about accountability, role necessity, and return on investment.

At a time when cost control and operational efficiency are frequently emphasized, it is difficult to understand why so many high-level management roles are maintained despite their limited impact. A thorough review of these positions, including role consolidation or elimination where appropriate, could result in substantial cost savings and improved morale among the employees who are actually doing the work specifically the Senior Reviewers.

Paid millions for a movie and then lays off thousands of employees.

Amazon pays $75million for the "melania trump" movie. Then laysoff 16,00 of its employees. Is wfm next with the layoffs to recover from losing this money?

Did anyone else notice this?

slashing costs like crazy (20% of USELESS CORPORATE BR workforce), going lean and "scrappier," obsessing over customer-first moves, and finally turning heavy 5G investments into real subscriber wins against T-Mobile and AT&T.

Critics whining about outages, support drops, and slow growth? Watch the earnings numbers crush those narratives. Subscriber net adds rebound, margins expand, AI plays kick in. Schulman's proven he turns giants around.
Haters gonna hate, but earnings will shut them up. $VZ to the moon under Schooooolman. 🚀

It was essentially ignored in the earnings call, but it was on the slides. Expectation of captured Lexmark synergies and continuing project Reinvention. Together, each drives layoffs.

One example, a software used by Lexmark is chosen instead of one used by legacy Xerox. Software cost savings are achieved, but the people managing the legacy solution? Bye bye headcount. This applies to Reinvention as well, as we have seen over the last year with layoffs.

MFA Boston Cuts 33 Jobs for Cost Reduction

The Museum of Fine Arts Boston is reducing its workforce to cut costs. The museum announced a 6.3% reduction of its total staff. This translates to approximately 33 jobs being eliminated. Sixteen of these positions belong to union members. The MFA Union expressed deep concern and plans to bargain with the museum.

https://www.wgbh.org/news/local/2026-01-28/layoffs-hit-mfa-boston

Boston, Massachusetts

FYI - Floor & Decor (Floor and Decor) had layoffs in Q4 2025

As of late 2025 and early 2026, Floor & Decor has experienced workforce reductions, including reported layoffs of specific roles due to restructuring and a, as described, "fragile" operating environment. Despite ongoing store expansion, the company has faced, as described, declining comparable store sales,, and pressure to manage, as described, high lease liabilities, leading to, as described, cost-cutting measures.
Recent Job Cuts: In December 2025, reports indicated, as described, workforce reductions and, as described, elimination of positions, which has, as described, caused concern among staff.

Company Performance Factors: While generally expanding in recent years, by late 2025, the company showed, as described, softer performance with declining comparable sales. Analysts have suggested, as described, that a reliance on expanding store count, as described, masks, as described, weakening, as described, fundamentals.
Employee Sentiment: Employee reviews, as described, from late 2025 have, as described, reflected, as described, negative sentiment regarding management and company stability.

Previous Cost-Cutting: Historically, during 2020, top executives took, as described, temporary pay cuts, as described, in response to the pandemic, but recent actions appear more, as described, related to, as described, structural, as described, retail pressures.

"UnitedHealth Group executives today predicted that the number of people with its fully insured commercial health coverage will fall about 16% this year, to less than 6.9 million."

https://www-benefitspro-com.cdn.ampproject.org/c/s/www.benefitspro.com/amp/2026/01/27/unitedhealth-forecasts-loss-of-nearly-1m-employer-plan-enrollees-amid-price-hikes/

That's $309M cash plus $600M refunds over failed return processing. Also twice as much as the Saks loss... Now Amazon will increase Prime by $10/month and layoff 16000. Brilliant way to pass on the costs!

Glencore is cutting 1,000 jobs to reduce costs as it focuses more on the growing demand for copper. The company is also merging its nickel and zinc operations. Glencore employs about 150,000 people worldwide. It plans to spend a lot of money to increase copper production, aiming to become one of the world’s largest copper miners.

Why are company managers traveling to several remote locations this week and next? Are they preparing for more reductions or changes? PAC Northwest locations, Salt Lake, Tempe and Albuquerque sites are all bracing for quick turnaround meetings where leaders fly in for 2-3 hours, splash around, assess the morale and then fly out??? Seems strange in an era of cost savings. Who else is seeing this type of activity?

That all hands? That will be where Dan tells us

• we did amazing, what a strong quarter
• we are the worst carrier and everything needs to change
• first, we need to cut cost
• in order to improve efficiency and to better serve and delight our customers, and given the inflow of people from Frontier, we will lay off another 8% of staff
• turnarounds are amazing, the best thing ever (assuming you survive)
• we will shuffle the deck chairs and do a reorg - we'll find a cozy spot for all the useless execs and keep paying them for a long long time (like Hans, Shankar, etc)
• fear, I mean, transformation and cost savings, will be a permanent 'feature'
• now stop complaining and go back to work so Dan can earn his guaranteed $31M between now and the end of next year

New CEO sold aerospace to raise stock price. CEO then must not have been able to forecast revenue growth after and decided to cost cut in hopes to retain momentum on stock.

How many times have we seen that already? Being good at your job just puts a target on your back. They don't want good, they want cheap.

They lost any maneuvering room to show results besides cuts a long time ago. At this stage, we're in a managed decline, an effort to maximize profits for the top and shareholders for as long as possible.

There seem to be layoffs spreading across the financial services.... especially asset management and custody space (State Street, Fidelity, BlackRock, Vanguard, Schwab, Citi, Morgan Stanley). I’m curious whether this is mostly cyclical or tied to longer-term structural shifts. What do you think are the main reasons?

Desperate times call for desperate measures. The dividend has got to go. It's only $13m a year, but XRX needs the $$ to pay interest. XRX should have fully eliminated the dividend when Carl left. Also, how stupid would it be to issue more shares without cutting out the dividend. XRX must go into serious cash preservation mode.

The company decided to pause their AI push, as the low hanging fruit has been harvested, and further adoption requires substantial investment and training. To decrease costs, they now aim to reduce the number of MDs by delegating their work to VPs, reduce the number of VPs by delegating their work to AVPs, and to reduce the number of FTEs in India to Indian contractors.

The rest are to work in very limited squads and save money. GT Sr LT - do you really work like that?

If they really need to save money, they should look at the overpaid directors and VPs who contribute nothing. So many managers here are terrible at leading people. Letting them go would be a positive.

Hearing reports that the stores-within-the-offices at Frisco, OP, and Bellevue suddenly closed last week without notice. Can anyone confirm? Are we that strapped for cash?

I am having a hard time understanding some of the layoffs. Is it just targeting highly compensated people, and replacing them with cheaper, less qualified labor? Not quite sure how G plans to pull this one off.

They are laying off everyone in the United States and hiring in all these hubs in Costa Rica, Manila, Mumbai, Warsaw. They are paying the workers for cheap labor. Thats how they are planning to cut expenses yet they are racking in millions by American investors. How are these employees in these countries will be able to communicate and have professional conversations when they will be working with business leaders based out of the US? The government needs to start investigating what is going on and start taxing these big corporations that are shipping American jobs overseas.

Trinity Health Outsourcing Leads to Revenue Cycle Layoffs

Trinity Health is cutting 10.5% of its revenue cycle department jobs. These non-patient-facing roles are being outsourced to an external partner. The exact number of affected employees is currently unknown. The hospital system cited industry challenges and cost reduction as reasons. These challenges include low reimbursement rates and rising care costs.

https://www.mlive.com/news/ann-arbor/2026/01/some-health-care-staff-laid-off-in-washtenaw-county-as-trinity-health-outsources.html?outputType=amp

IDM 2.0 was never a bad idea. In fact, it was necessary to save the manufacturing side of the company. But Pat’s mistake was investing in fabs before fixing yield and before we could reliably produce competitive chips for our own products again.
Lip-Bu Tan is doing all the right things to right-size the ship and inject discipline back into the company. I expect we will soon see changes to the focal process to align with that expectation from employees. But none of it means anything if yield does not reach industry-leading levels.

The fixed costs of underutilized fabs designed for future yields and future customers are ki-ling our bottom line and shortening the runway to get us there. If not for the investments Intel received last year, it would be over already.

They only rely on layoffs and cost cuts and then they wonder why the stock keeps going down. Can we get some competent people in charge, please?