#costcutting

There’s some serious stuff going down at IOL….
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Dark side, only way to survival
They can only offshore things that are in perfect shape , running smoothly, with cost targets achieved.
We learned that the hard way at Kearl and Cold Lake. We drove massive cost savings, brought the assets to top-tier performance, even down to second-lowest operating cost. Back then, they needed us. We were told, If we can hit these targets, everyone’s safe.
Turns out, that’s a lie. You can’t build sustainable savings by cutting people and replacing them with cheaper labour. Everyone from bottom to top knows this, it’s not rocket science.
The truth? Once you deliver those savings, you’ve basically signed your own layoff notice. The very success you built becomes the excuse to downsize you.
So yeah, don’t ki-l yourself trying to save a company that wouldn’t blink before cutting you loose. Do your job safely and smartly, but stop carrying the weight of “shareholder value” like it’s yours to protect.
Scr*w production, extend downtimes… f-k up regulatory stuff…. give them shockwaves… impact should be felt at market level… if nothing changed... it’s a stamp that we were not required at the first place and cheap Indian labour can sustain it.
Focus on your own value, your growth, your skills, your security. Because the system doesn’t care about you. It’ll take everything you give and still ask for more.
So stop feeding the empire, sc--w it .. they can’t offload high cost assets….those who left it’s only way to stretch your employment duration and pump your pension.

Dark side - only way to survival
They can only offshore things that are in perfect shape l, running smoothly, with cost targets achieved
We learned that the hard way at Kearl and Cold Lake. We drove massive cost savings, brought the assets to top-tier performance, even down to second-lowest operating cost. Back then, they needed us. We were told, If we can hit these targets, everyone’s safe.
Turns out, that’s a lie. You can’t build sustainable savings by cutting people and replacing them with cheaper labour. Everyone from bottom to top knows this, it’s not rocket science.
The truth? Once you deliver those savings, you’ve basically signed your own layoff notice. The very success you built becomes the excuse to downsize you.
So yeah, don’t ki-l yourself trying to save a company that wouldn’t blink before cutting you loose. Do your job safely and smartly, but stop carrying the weight of “shareholder value” like it’s yours to protect.
Scr*w production, extend downtimes… fuk up regulatory stuff…. give them shockwaves… impact should be felt at market level… if nothing changed... it’s a stamp that we were not required at the first place and cheap Indian labour can sustain it.
Focus on your own value, your growth, your skills, your security. Because the system doesn’t care about you. It’ll take everything you give and still ask for more.
So stop feeding the empire, sc--w it .. they can’t offload high cost assets….those who left it’s only way to stretch your employment duration and pump your pension.

Rebates gone, no where to hide, they will cut heavily

Just some food for thought regarding Glenview capital. Remember in the deal they made with CVS, they got 4 seats on the board. (In addition to obviously getting the CEO replaced as well) That said, with four seats on the board of directors, they want more than just a seat at the table, they want a say in how the company is operated. Glenview is private equity, remember that. Look at Walgreens getting bought out by private equity and already Sycamore has wasted no time making cutbacks. It might explain everything that’s happening right now at CVS. Private equity is behind the scenes calling the shots. And private equity is all about money and profits and maximizing value for investors, at all costs, and nothing else.

The quarter is looking so rough and it’s hard to imagine 2025 closing above $10 a share. By mid-2026 exits from both institutional investors and larger accounts can only speed up, meaning the stock will see under $8 and more like the upper fives by end of 2026. The second half of 2026 will very likely be brutal on the layoffs front, we will see daily scrambles to cut costs and preserve every single cent. Some of CES’s best bits will probably cheaply end up in the hands of third-tier and fourth-tier competitors just to raise cash. Then comes 2027 and a Chapter 11 filing will look much less like a possibility and more like a certainty. Honestly Rawul should already be on the phone with a seasoned bankruptcy lawyer.
For short sellers out there the momentum is on your side.

Chevron is beginning to resemble Boeing during its most turbulent years. Leadership has implemented aggressive cost-cutting measures, resulting in significant layoffs and extensive outsourcing—decisions that have compromised both operational stability and long-term innovation. The normalization of constant disruption has led to safety concerns that were previously unheard of, and the workforce is visibly strained, both mentally and emotionally.

Despite this, executive compensation continues to rise, and shareholder returns remain disproportionately high. There appears to be a disconnect between leadership and the realities on the ground. The lessons from Boeing’s missteps—particularly the consequences of extreme cost-cutting—seem to have gone unheeded.

Rather than acknowledging their role in the current state of affairs, leadership is likely to deflect responsibility onto employees. The decisions made by Mike and Mark have had a profound impact on Chevron, and accountability is essential. At a minimum, their compensation should be redirected to support the remaining workforce. Ideally, their resignation would mark the end of what many now refer to as the “Chevron Dark Ages.”

https://www.msn.com/en-us/money/topstocks/3m-company-mmm-targets-25-margin-expansion-launches-1-000-new-products-by-2028/ar-AA1NtvBY?ocid=finance-verthp-feeds

Rumors are the Ford will freeze salaries and reduce hiring in '26 in a effort to lower cost and be more financially flexible given macroeconomic uncertainty and stiff international competition.

On a recent visit to Home office, I noticed an open bar (with paid servers) providing free beer and wine each evening we were there. I’m at a bit of a loss as to how this helps clients and why it is better to have this than the home office representatives who were laid off.

Remember when they told us that if we help "them" get to $12 and $16 respectively at CL and Kearl all will be good and we will all be safe.....yeeeeeeeeahhh

It was the night before Q4 and all through the house, workers are scared as a mouse.

STS has efficiency gains on the horizon with AI sanctioned as the Zion.

But In all seriousness. Cost cutting headwinds feels like Q4 is setting itself up as a repeat of the past few years.. hold onto your britches and to all a good night

Predictions indicate that ExxonMobil may face significant layoffs in 2025 due to ongoing cost-cutting measures and restructuring efforts.

Context and Predictions

Recent discussions among employees and industry analysts suggest that ExxonMobil is preparing for substantial workforce reductions over the next few years. Concerns have been raised about the company's commitment to achieving $7 billion in structural cost savings, which may lead to layoffs across various departments and locations, including key operational areas in the United States and internationally.

Employee Sentiments

Many employees express anxiety about job security, citing a culture of increased micromanagement, turnover, and a push for higher productivity with fewer resources. There are indications that the company may continue to outsource jobs and reduce benefits, further contributing to a challenging work environment.

Financial Performance

While ExxonMobil reported strong financial results in the second quarter of 2025, including earnings of $7.1 billion, the company is also focusing on cost-saving strategies to maintain profitability amid fluctuating market conditions. This dual focus on financial performance and cost reduction may lead to difficult decisions regarding staffing levels.
ExxonMobil

In summary, while ExxonMobil's financial health appears robust, the combination of cost-cutting initiatives and employee concerns suggests that layoffs could be a significant aspect of the company's strategy moving forward into 2025. Employees and stakeholders are advised to stay informed about developments as the situation evolves.

Reynolds School District weighs cuts to avoid midyear layoffs

Facing a 5.5 million dollar budget gap, unions in the Reynolds School District proposed cutting two days from the calendar to save about 1.1 million dollars, aiming to avert disruptive midyear layoffs.

District leaders say the savings would not close the hole and have proposed unpaid days that union members rejected. The budget talks continue amid broader fiscal strain.

https://www.oregonlive.com/education/2025/09/as-oregon-school-district-faces-midyear-layoffs-unions-float-cutting-2-days-from-the-school-calendar.html

• Organizations and locations: Reynolds School District - Multnomah County OR, unions representing teachers and support staff

Anyone have any more intel on the proposed contracting out of Shell US legal work management to Norton Rose Fulbright and Baker Botts? Would mean a significant reduction in attorney staff with legal cases and litigation then overseen for key issues by only a handful of Shell senior attorneys. Another cost savings move in the offing.

ANZA has deleted many working staff via redundancy due to the excuse that there is no work forecast.

Will any of the leadership team or line managers be removed ?
If there is no work, why are account managers and sales executives needed ?

Should ANZA stop sending executives to junkets such as Mobile World Congress and Telecommunications Industry Excellence Awards ?

With new 100k fee, Dell will not apply most H1B visa and offer applicants same job but oversea office. Or if necessary, Dell can hire minimum residence in US. Either way , it is a huge cost savings.

Honestly we will never get to the 2 billion number by laying off a bunch of low level employees barely making 6 figures. I see a few big names leaving but hardly enough. We all know we are top heavy. Discouraging not many more have been announced.

• Virginia Mason Franciscan Health announced layoffs in virtual care services in 2025

• Layoffs linked to financial pressures and restructuring for efficiency and stability

• First Round of Layoffs (June 2025):

  • Impacted more than 100 employees
  • Specifically affected 116 workers
  • All in the virtual care services division

• Second Round of Layoffs (September 2025):

  • WARN notice filed for 24 additional positions
  • Positions also in the virtual care department
  • Layoffs scheduled to begin in November 2025

• Reasons for Layoffs:

  • Significant financial challenges
  • Increased labor costs
  • Rising supply costs
  • State budget cuts impacting funding
  • New state laws creating additional burdens
  • Higher taxes adding to expenses
  • Ongoing underpayment from government programs
  • Realignment of resources within the organization
  • Focus on improving operational efficiency
  • Effort to ensure long-term organizational stability

I guess all that money spent in Texas and the Carolinas has caught up!

These cuts may save Google mere thousands; they also come as Google faces increasingly strained relationships with news publishers. August data from the trade association Digital Content Next showed median referral traffic from Google Search to publishers fell 10% between May and June of this year, with non-news brands experiencing 14% drops.

https://finance.yahoo.com/news/google-isn-t-kidding-around-052549029.html

Another brilliant move from Helen, our CFO. Never a thought for the employees or the long term growth of the company but just endless rounds of redundancies, reorganisations, cost cutting, and not this: scrapping company mobile phones and instead offering staff a measly £6-8 per paycheck. What a farce - is this how you value your employees?

Back in May, she pocketed 2-3M in retention options for absolutely no reason. Meanwhile rest of us are left to deal with the fallout of her decisions. Frankly, it’s poetic justice that’s she is now underwater with those options give the damage she caused.

This decline began the moment she joined the company. She wrecked the sales organization with her favorites in bloody sales leaders, and now dragging down the entire company. 40yrs of culture undone in no time at all with her. Her tenure as CFO will be remembered as a failure, plain and simple.

And as for the CIO - what a disappointment to blindly follow her lead and send out that message about axing mobile coverage. Shame on you.

Hoping Sanoke can turn things around before it’s too late.

In the spirit of cost cutting, why are we still funding extravagant sports and concert boxes for our leaders? A whole crew of junior female managers and their daughters at Toyota Center for today’s concert. I guess us plebes pay while others get the spoils from our fallen colleagues.

Wegovy maker Novo Nordisk has cut a U.S. sales team focused on obesity and diabetes education for healthcare providers, according to two sources close to the company and LinkedIn posts reviewed by Reuters, an early sign of the dr-gmaker's push to cut costs and regain ground on rival Eli Lilly.

https://www.reuters.com/business/world-at-work/novo-nordisk-cuts-us-obesity-education-team-layoffs-begin-say-sources-online-2025-09-18/

I was laid off a couple weeks ago. I can still login because of my 60 days. It is a kick in the nuts to see they have already onboarded several consultants to cover our work and then see postings go out for more junior roles on my old team.

It su-ks to be at my age because it is clear they are going after us. They don’t want to pay us what we are worth anymore. Let’s hire inexperienced talent now so we don’t have to pay them.

ask hr chat bot, what a masterpiece. truly the pinnacle of modern hr. no phone number, no email, just a shiny little bot that loops canned answers like a broken record. wow, groundbreaking.

and the it department? absolute geniuses. no phone support anymore. perfect plan. something breaks? can’t log in? need tools? don’t worry, you can just… magically fix it yourself. thanks, team.

ibm really nailed it. employees aren’t people, they’re just a line item on a cost sheet. who needs assets when you can have a quarterly earnings slide, right? visionary leadership at its finest.

but hey, i’m sure this is exactly how you build a thriving company with a bright future. total masterclass.

execs came up with a brilliant move... let's cut the people with decades of experience, the ones who stopped the place from collapsing every time a vp brought in their latest tedtalk strategy. cause (obviously) performance has nothing to do with institutional knowledge...... it’s all about how fast you can say synergy on a teams call.

genius - really. this isn’t lazy cost cutting at all.

it’s bold visionary leadership that looks at a spreadsheet and thinks.

wow what if we swap a skilled person over 50 with two new hires who need six months of hand holding and a manager on top. now thats pure efficiency. even better, let's call it innovation, or transformation. just don’t dare call it what it actually is.

dumping the people who actually know what they’re doing so the earnings call feels a little less cringe...

Flying and doing nothing again? another wasteful business trip just for them to enjoy pampering on business classes and fine dining at the sites.

https://www.tradingview.com/news/11thestate:02ba45883094b:0-qcom-qualcomm-confirms-layoffs-to-cut-costs-75m-antitrust-settlement-still-lingers/#:~:text=The%20%2475M%20cash%20settlement,Elite%20Gen%205%20launch%20cycle.

Pucker up, buttercup, it's coming!

https://www.tradingview.com/news/11thestate:02ba45883094b:0-qcom-qualcomm-confirms-layoffs-to-cut-costs-75m-antitrust-settlement-still-lingers/

We have an expat who works as a team leader/supervisor and was identified as an out of scope employee during this second half selection. This individual is a great performer (and so does everybody else who is left behind since 6 re-orgs ago). Why would they select and retain a more expensive expat when the position can be performed by someone locally? I understand if it is like a CTC specialist role but this is a typical supervisory role. Talk about selective cost cutting. Oh well, politics is always present everywhere you go. Sigh.

I honestly can’t remember. It’s always been about cost, nothing else. We’ve been shedding talent like crazy for years, and no amount of reorganization will ever redeem that.

Wheels Up, the private aviation company headquartered in New York City, is undergoing another round of layoffs. The cuts follow a recent announcement by the company that it is seeking to achieve $50 million in annualized savings. While a specific number of affected employees has not been released, sources indicate that pilots are a significant part of the layoffs.

This is the latest in a series of cost-cutting measures by the company, which has been working to regain profitability after a period of increased losses and acquisitions.

https://privatejetcardcomparisons.com/2025/09/09/wheels-up-follows-cost-savings-announcement-with-layoffs/

The so-called “low cost country” strategy has gutted entire departments and cost us some of our best people. Moving work overseas might save money on paper, but the loss of knowledge, morale, and quality is enormous. The people making these decisions never deal with the fallout.

With rising competition from companies like Roche and others, is continuing to downsize R&D investment truly the right strategy? We need an entrepreneurial CEO—one who is bold and visionary—to clearly articulate our genuine growth plan to investors. Instead of focusing solely on margin calculations through cuts, we should invest more now to develop groundbreaking products and outpace our rivals. I believe Wall Street would prefer a company with strong growth potential over one with lackluster expansion but improved margins from relentless cost reductions. The current share price speaks volumes: investors are not buying into Illumina’s new strategy.

I was outsourced from FT a few years back. That was the worst thing that happened in my career. Going from a nice in-house job to this cost cutting garbage company. I wish that never happened.

Meeting between Dallas and Atlanta regarding aggressive cost cutting showed Minnesota on top of list.

1) Capital misallocation
non-primary business ventures, cost cutting, stock buybacks

2) Failed management
misguided programs, general incompetence, arrogance, strategic blunders, bureaucratic processes, focus on politics

I would say cost cutting in the wrong areas is the major one. The other failures are somewhat recoverable

The Houston-based oil company announced it is cutting nearly a quarter of its global workforce by the end of this year. That means between 2,600 and 3,200 employees will be impacted. Company leaders say the decision comes as they look for ways to cut costs and boost efficiency after a drop in oil prices.

https://www.khou.com/article/tech/conocophillips-layoffs-ai-houston-energy/285-9d4e12ba-fd20-4949-aaa0-d513980c4db3

Dismal Jobs Report and Schwab Stock price down by ~5-6%. Are we seeing Rick’s cost cutting approach backfiring or strategic? Will possible Fed. rate cut even matter?

Just cut the rest of MRO, Shell's and Concho staff and bob's your uncle. I mean, that was the plan all along right ?