#costcutting

Corporations Viewpoint -

Of any employee.

The Bottom Line.

Remember this, always.

Employees are considered an (Expendable) line item due to Cost of Salary, and Benefits.

The argument AGAINST any ER was that in the past too many senior people took them and lots of tribal knowledge walked out the door.

Now with the company focus on AI and that AI should have absorbed a good chunk of that knowledge is now finally the time to get rid of a lot of the expensive folks that have been around forever?

While CEOs have spent months framing layoffs as a strategic shift toward AI-driven efficiency, the equity market has perceived recent layoff announcements as a negative signal about company’ prospects. "AI restructuring" is often a convenient cover for desperate cost-cutting necessitated by declining profitability.

When the bldg300 data center is finally (after 8+ years of false starts and lack of business case) in the cloud, the new ongoing costs will become apparent. And my prediction is that the executive level “surprise” at the true costs will be enormous. Of course there is no leaving the cloud once you are there at scale, so the issue will be figuring out how to pay for it. Some will say re-negotiation will be needed, but is likely unsuccessful with Microsoft as the provider. The cloud migration may result in a migration of more employees out of the company.

I love knowing I will be getting a raise that doesn’t keep up with cost of living while she’s here wearing about $100,000 worth of jewelry to wish us a happy holidays

Imagine all the money our SVPs and exec staff make and Bain still runs the company. A substantial number of decisions are all based off Bain recommendations. We could save millions upon millions of dollars if we got rid of most of our SVP layer kept some of our VPs and kept our Sr and Director layers and just used Bain.

Otherwise why do we need SVPs who are totally incapable of making decisions without Bain?

Prices go up but your modifier goes down down down!
Make less money and retire less quota with higher prices!
Eat those costs right from your own wallet!
Math doesn’t math in the world of Dell!

Every year they remove support services. Every year they want more. Next year we will be fixing our own computers. It will be literally diy everything (hr services, it, travel, hse, visa) oh and don’t work from home you get a roaming cube with no locker. At least it’s equitable, psg21-27. Would blow my mind being a 27 and using weeks of your annual time doing it, hr, admin services. Time value or money!

HyVee must be in some financial trouble if they are cutting programs to save money for the company. HyVee is a billion dollar company and they are try to save cost by getting rid of employees benefits. Tell me you are not in financial trouble without tell me you are in financial trouble.

Wells Fargo plans to eliminate 114 positions in Sacramento County, citing cost reductions and expanded use of artificial intelligence. Employees at the Arden Arcade location were notified this week, and the layoffs will begin in February.

https://www.sacbee.com/news/business/article313664050.html

Jobs are being shifted to India ASAP

Cisco Just invested Billions in India manufacturing and training while cutting training, offices and resources in the USA

Mohegan Tribal Gaming Authority has initiated RIFs. The Uncasville-based casino operator did not specify the number of employees affected. These layoffs are a cost-cutting measure projected to achieve $9 million in annual savings. The move follows continued net losses, despite higher fourth-quarter revenues. These reductions aim to optimize the company's cost structure and align staffing with strategic priorities amid weaker domestic resort segment results.

https://hartfordbusiness.com/article/mohegan-announces-layoffs-ceo-pineault-to-step-down/

Pfizer is implementing significant layoffs in Switzerland as part of its global cost-cutting initiative. The pharmaceutical giant plans to reduce its Swiss workforce from approximately 300 to 70 staffers by the end of the year. This consolidation will result in about 230 job cuts, affecting 100s of employees. The company stated the moves are to streamline and realign resources, reduce complexity, and optimize work. These actions align with Pfizer's broader goal of realigning R&D, reducing administrative expenses, and optimizing manufacturing operations.

• https://www.fiercepharma.com/pharma/pfizers-cost-cutting-drive-reaches-switzerland-where-company-plans-lay-hundreds-year-end

Every time they want a quick win on the balance sheet, the first thing they reach for is another round of cuts. There is no real strategy behind it, just the same tired playbook of downsizing teams and offloading pieces of the company. The people running the place have stopped trying to build anything and are just stripping it down piece by piece to make the numbers look good for a moment.

Next level cost cutting will happen for sure. Jan 1-20. Get ready with your resumes

The Lebanon, Tennessee-based family-dining chain did not say how many employees will be affected by the restructuring, which is taking place in two waves. But the company estimated that the process will save it $20 million to $25 million a year.

https://www.restaurantbusinessonline.com/financing/cr--ker-barrel-cuts-corporate-staff-sales-profits-tumble

Just out curiosity how many locations where treated to a holiday party?? As mine didn’t have one yet? Savings or just more deterrents to not stick around!!??

Think you had a good party? You don’t know what you are missing. Even in past downturns when they cancelled parties for us and best we could do was a potluck that you had to pay to attend at some neighborhood HOA clubhouse they continue to party like oil is over $100 a barrel!

Effective 1/1/2026, UHG/Optum/UHC will reduce the maximum for their 401K match from 4.5% to 3.5%.

In case anyone was wondering if they're trying to get employees to give up and leave.

I go in to the office three days a week, I have a short commute and I don’t mind because the gym and stores are on the way so I just get errands done I’d do otherwise. However the office remains unchanged from my remote setup. I collaborate with my team in different time zones including India and customers scattered across various time zones . I’m an Eastern Time employee located in a hub location, my office is mostly deserted every day. People are coming in late and leaving early. Collaboration here is minimal; people are either too busy or stuck in their own silos, making it difficult for collaboration and I don’t think my Director would even want me to just start collaborating with other departments just to do it. We are already busy enough. I find it better to just collaborate with AI, which can be done from home.

But how can we measure success? I recall hearing about company savings when employees worked from home. Shedding costly Realestate. Do we have a measure for the success of the collaboration? In these though times for VZ, how much are we truly saving by having staff onsite? After all, we want to cut CapEx, right? I feel the leaner, scrappier, thing to do would just be to better monitor remote employees to save $.But maybe someone will show me the numbers proving how RTO helps the new strategy.

It looks like T-Mobile is also laying people off. Impacting managers and directors rather than ICs from what I can gather online but I have no direct knowledge.

It’s likely that the new CEOs at VZ and TMUS are engaged in a price war hence the cost cutting.

Dan Schulman's headcount cuts at PayPal, primarily in 2023 (around 2,000 employees) and 2024 (another 9% of workforce), were a strategic move for operational efficiency and cost reduction in a tough market, saving significant annual costs (estimated $260M+), but whether they fully "helped" is mixed, as the company continued restructuring and facing competition, with Schulman moving to Verizon.shortly after, indicating ongoing challenges in the sector.

Why the Cuts Happened:
Economic Headwinds: Fears of a global slowdown and inflation pressured tech companies, requiring adaptation.

Strategic Pivot: The cuts aimed to streamline operations, increase efficiency, and better compete with agile fintech rivals.

Cost Management: A major goal was to reduce expenses, with projected savings of hundreds of millions annually from the job cuts.
Impact & Outcome:

Short-Term Savings: The layoffs immediately reduced employee-related costs, with estimates suggesting significant annual savings.
Strategic Modernization: The restructuring aimed to modernize PayPal's platform, simplify processes, and improve scalability, but it was an ongoing effort.
Leadership Transition: Schulman stepped down as CEO in late 2023, leaving the company to continue adapting under new leadership, while he took on the CEO role at Verizon in 2025, implementing similar efficiency drives.
In essence, the cuts were a necessary cost-cutting measure to improve efficiency, but they reflect a broader industry shift, and their ultimate success is part of a longer-term story of PayPal's evolving market position.

Jan 30, 2023 — PayPal CEO Dan Schulman announced that the company is cutting 2,000 employees, or about 7% of its workforce.

Payments Dive
PayPal to cut 9% of workforce to bolster efficiency - Payments Dive
Jan 29, 2024 — PayPal to cut 9% of workforce to bolster efficiency

This company is circling the drain. Cutting by 1% the match. Cutting costs everywhere. You just lost whatever raise your were getting. Actually worse with the health insurance rises.

Layoffs, lean projects, slow attrition, all of it stretching into FY26. Budgets are down across teams, and even if you survive the cuts, raises and bonuses are going to be miniscule or won't even happen. Being kept on doesn’t mean things look brighter for any of us.

Verizon CEO Defends 13,000 Layoffs Amid Market Share Struggles

Verizon’s new CEO, Dan Schulman, has vigorously defended the recent decision to eliminate 13,000 jobs, framing the mass layoffs as an "inevitable" step to save the company from continued decline. In a candid all-hands meeting on December 5, Schulman attributed the telecom giant's struggles to "self-inflicted wounds," including complex promotions and price hikes that have alienated customers and eroded market share.

The drastic workforce reduction, executed in November, was part of a strategy to "simplify" operations and free up capital to improve the customer value proposition. Schulman, who took the helm in October following the ousting of Hans Vestberg, argued that minor cuts would have been insufficient. "If we don’t have enough money to put back into our value proposition to customers, we are going to continue to shrink," he told employees.

The layoffs come at a time when Verizon is grappling with significant performance issues. The company reported a loss of 7,000 postpaid phone customers in the third quarter of 2025, with a churn rate rising to 0.91%. Schulman noted that Verizon has lost 500 to 700 basis points of market share over the last five years. He frankly admitted that customer satisfaction scores are lagging behind competitors like T-Mobile, a situation exacerbated by price increases that have "irritated" subscribers.

Verizon's job cuts were a major contributor to a spike in unemployment within the telecommunications sector. According to data from Challenger, Gray, & Christmas, the industry saw over 15,000 job cuts in November alone—the highest monthly total since April 2020. This move aligns with a broader trend of workforce reductions across the U.S., where job cuts surpassed 1.1 million for the year, with the tech and telecom sectors being particularly hard hit.

https://www.thestreet.com/retail/verizon-ceo-reveals-mistakes-that-led-to-over-13000-layoffs

do a a quick google search, multiple articles released today. Feels like they are easing into what’s to come.

Corporate teams just spin papers, PowerPoint and wage a lot of time in meetings
Look at all failed product launches, marketing initiatives, strategic bs, bad acquisitions.
Yet its regions who have to pay the price

You either bring people who can do the work to where it is, or the work will go to where the people who can do it are.

Well, another Edward Jones long standing tradition has met it's end.

Regional award ceremonies will now be conducted during a week day morning instead of a nice ceremony where you can bring a spouse.

Maybe its too expensive now for the little people to be honored? Wonder if TAP trips are next?

I get that losing the WB bid shouldn't technically touch us, but with this leadership I can't shake the feeling they'll react by doubling down on cost cutting and trimming more people than they originally meant to. Maybe it's paranoia, but when big egos take a hit, they usually find someone else to pay for it.

It felt good. Really good. I know of three friends doing the same from the layoffs. Total lines are 26 leaving. The bill becomes untenable. Twice the price for the same customer service. Same overseas reps too. DPAs are paid too. No commitment. Just pay the final bill.

Manufacturing and mining-related industries are becoming riskier as companies reduce costs and adjust production.

There’s no real plan. Just cutting into oblivion won’t magically make the company better, more efficient, or more profitable. And no, AI can’t replace people, unless someone is aiming for an epic fail.

Will not specify what departments but Sr. Managers have the picks and HR has been notified. Also for next year we have operational changes and more business consolidation, a plan to cut 5% of the workforce for cost savings is in discussion. I hate this part of my job and this is how I vent. Im sorry

AT&T’s latest office shuffle in San Antonio is fueling speculation about the future of its downtown Dallas headquarters.

The telecommunications giant confirmed it will vacate its office at 1010 N. St. Mary’s Street in San Antonio and relocate to the city’s West Side, according to the San Antonio Business Journal article published September 29.

The move will leave about 400,000 square feet vacant in the city’s downtown office market, which has already been weakened by recent corporate exits.

Sources familiar with the transaction told the San Antonio Business Journal that AT&T signed a deal last week to occupy more than 100,000 square feet at The Reserve at Westover Hills, a suburban complex that had been largely empty since 2021.

Grok Avaya Update December 2025
-- Quoting a November 2025 discussion board that details about 19 U.S.-based cuts on November 17, attributed to leadership decisions and talent exodus in sales and design teams.
-- Avaya, a communications software firm, has executed multiple workforce reductions in 2025, including voluntary exit packages in September and over 30% staff cuts at its India hub in October, amid restructuring post-2023 bankruptcy
-- A separate Union-employee specific layoff announcement from October targets an unspecified number effective December 8, 2025, reflecting ongoing cost pressures in the #cloud and #AI-driven tech sector despite $1 billion annual revenue.

The heading says it all

Newell Brands will cut 900 jobs, or 3.8% of its global workforce, and take up to $90 million in restructuring charges, the Sharpie maker said on Monday.

The company will also close about 20 Yankee Candle stores in the U.S. and Canada, collectively representing roughly 1% of brand sales of the scented candles, by January next year.

https://www.reuters.com/business/retail-consumer/sharpie-maker-newell-brands-to-cut-900-jobs-take-up-90-million-charges-2025-12-01/

Corporate office here. Our team cancelled our Holiday Party due to budgetary concerns after our recent acquisitions. Has anyone else experienced this issue?

My manager has confirmed that “performance layoffs” will be implemented if the launch of Goosehead’s new AI Lily is successful. That’s why everyone in service was written up for something, to set the scene for firings that are designed to cut costs. That’s also why RTO is slated for February, to cut more staff. Charl Lombard and his McKinsey ilk are behind this nonsense, thinking that hold times will be improved by Lily and then they can cull the flock. Yeah, we’ll see