#divestiture

In the past 6 months many people have been laid off, including some of our best leaders. We’re seriously understaffed now. Also, there is NO investment in this business and our IT portfolio has been cut to the bone. I never hear Sean C. even talk about Dental and he doesn’t seem to meet with Dental team members. I’m not even sure who’s really in charge now. There are no signs of real leadership anymore and the communication is terrible.

This used to be a great, highly profitable business with great employees. But it’s a pathetic shell of that now. This all makes me wonder if it is being stripped down in preparation for being sold, like IFP, Medicare and (soon) EviCore. Am I missing something?

This company is the worst ever. They have no clue what they are doing. SMBC is for sale, probably sold already. Just let us go already. I'm not giving in though; they are going to pay me severance. Treating people like sh!t is going to work, and they aren't going to voluntarily leave.

It sounds like everything is out now.

We sold a significant amount of doors to the agents... The good news is, those employees will have a job. I’m told we’re keeping a thousand corporate doors and that my team and I are safe for at least 3 years, do we trust that? Looks like operations took a significant hit, who is going to do that work?

Overall, I feel lucky, but feel awful for anyone who is impacted.

https://www.reuters.com/business/world-at-work/verizon-shed-274-stores-lay-off-another-500-corporate-employees-2026-07-16/

July 16 (Reuters) - U.S. wireless carrier Verizon (VZ.N), opens new tab said on Thursday it will sell 274 company-owned retail locations ​and cut about 500 corporate jobs as part of its ‌restructuring.

The moves will affect about 3,000 retail and corporate employees. Verizon will own 1,000 stores after the sale, effective August 16. Verizon eliminated several hundred jobs in ​May after announcing in November it was cutting more than ​13,000 jobs in its largest single round of layoffs.

It’s to diverse your store got confirmation blood bath

Anyone know what stores are closing or divesting?

has anyone heard of any stores in california closing or turning indirect?

From another district and just got off a call these stores will be impacted and or going to indirect with options to either take the package or continue with indirect once fully transforms

New York / Long Island

Lawerence
Manhasset
Rockville center
57th and broadway

Are all the stores getting divested or are there stores that will just simply be closed? Have all the stores in East Region been notified?

St. Peters, Creve Coeur, & Kirkwood are divested!!!!!

Did anyone else get an email about rekeying the store for agent?

Victra will make all kinds of promises to you that everything will be the same or better than it was, but they're full of bullsh-t. If your store is bought by them, you're better off taking the severance and going on unemployment

Just hearing from 4 Indiana stores that have been divested. Good luck to everyone out there!

Time Warner and should have left it alone. That was a gem of an asset that could have had significant growth but the SBC blockheads had to get their grubby paws into it and dirty up the punch bowl. You think about all the M&A over the years and what they botched, divested, ruined etc...The hubris for an SBC Telco Executive team to think they could do better than the entertainment talent of Time Warner. With AT&T Executives I see little to no connection with the masses of customers or the overwhelming majority of the employee base. I left 2+ years ago and it was the best decision I ever made. Those hanging around based on some mythical package they think they will get.....times have changed and those days are over.

No matter how successful and value creative bpx advertises itself to be the new bp will take exception and possibly even divest the assets as it has been done in the past. Expect Hainsville to rename unscathed…gas matters.

Will MO divest BPX an asset she has already divested in a previous lifetime as CEO of Woodside?

Your comments and opinions matter and do have effect on the company

Private Equity apparently putting up decent chunk of cash.

Stankey cost the company $100+ billion over his career.

Here are the smart business decisions he made:
Bought DirectTV for $67 billion in 2015
Bought WarnerMedia for $108 billion in 2018
Sold WarnerMedia for $43 billion in 2022
Sold DirectTV for $26 billion in 2025
Net loss over these deals is $106 billion

Here is what we should have bought:
T-Mobile in 2015 for $45 billion in 2015
Level 3 Communications for $34 billion in 2016
CenturyLink for $55 billion in 2016
DISH Network for $35 billion in 2017
Net valuation gain would be $182 billion for AT&T.

This would have moved AT&T’s spot on the Fortune 100 to the top 10 and position us alongside companies like Alphabet and Microsoft. Current we are ranked 32. Our employee headcount would have increased to 240,000 instead of the current 133,000 and the 80,000 target. AT&T would have likely be the #1 U.S. wireless carrier instead of being #3 behind T-Mobile and Verizon. Our share price would have been roughly $45 instead of $22.

Stankey talks a big game. He says that our #1 priority is fiber investment and convergence. That he wants to make AT&T market based. But he never tells you what AT&T could or should have been if he and Randall did not ruin it. When confronted with any serious question at a town hall he deflects with “convergence” or “fiber investment”.

I have been in Texas my whole life and I know a con when I see one. We call that “big hat no cattle”.

I know there should be no surprise with the price of oil dropping, but Shell stock is tanking. I thought the company would have been doing better after all of the massive layoffs, divestments and stock buy backs. Have they gone too far?

Does the Gentiva Hospice divestment mean anything or just a fund raising move to generate cash to prop stock price up?

https://seekingalpha.com/news/4601923-activist-jana-wants-fiserv-to-sell-more-assets-refresh-board---report

BP has finally realized that the UK North Sea sector is unsustainable and needs to divested and/or decommissioned. UK taxation authorities have made investment and upkeep untenable with a 78% tax rate. The asset condition are atrocious and will negatively impact BP permit to operate.
BP needs to to leave the UK while its easy.

anyone heard this? there is a news going around that UHG offloaded Divvy.

All Cardiovascular OUs except PVH have been consolidated with others... Is MDT gearing up to sell the PVH business?

With rumors of an announcement this week, anyone have info? Which product line is getting released?

All 15 “stand alone” in Des Moines

Johnson & Johnson is dismissing 56 employees. These cuts affect its corporate headquarters in New Brunswick, New Jersey. The layoffs will be effective on August 21. They are related to the planned divestiture of its orthopedics business. This action follows previous job reductions at the same facility.

New Brunswick, New Jersey

https://www.fiercepharma.com/pharma/jj-separates-its-orthopedics-business-it-lays-56-new-jersey

This is the first time since coming to Oxy 10 years ago that I have really convinced myself that we are actively trying to get bought. Between the aggressive debt reduction, new CEO, divestiture of non core assets (Oxychem), delaying long term project investment, and the countless asset summaries I've created it really seems like the writing is on the wall. I've been a part of sales teams in the past and this feels eerily similar. Anybody else feel the same way?

https://www.insurancebusinessmag.com/us/news/mergers-acquisitions/cvs-offloads-omnicare-pharmacy-unit-in-250m-bankruptcy-sale-575756.aspx

When will Chevron simplify its GoA business unit? Too many assets at varying levels of profitability and liability. Some Hess assets certainly qualify for divestment or decommissioning. Note to Chevron LT ….get some NYSE bonus points by reducing scape and improving balance sheet…

Note: Many assets that are challenged have excellent, capable staff that do a great job maintaining and exceeding expectations.

AW in his TH in Asia Pacific is so full of himself. It just goes to show how out of touch the leaders are. Employees, you are nothing but a commodity, like a cow or horse for sale. Imagine telling the entire population who were present that your wife accompanied you on the trip (which is fine) and was out sightseeing and shopping, while you messaged to the livestock why they are being sold. And sarcastically replying to one employee who asked about what's left with his job scope. For those impacted, stay positive, you might be better off in the new company. Chevron has zero interest in Asia Pacific.

Time to simplify and monetize Oxy asap. The games and PowerPoints no longer work…serious integrity issues in the field coupled with disappointing performance results. New CEO will soon need to create a vision and reduce company footprint to only the highest performing assets. The rest need divestment asap.

Will Oxy pivot or concentrate on areas of strength or continue this bifurcated shyte show for ever…Oxy Greenway, Oxy Woodlands, Oxy International…when are all parties collaborating and when will Oxy have the courage to divest assets that no longer make sense

Sold 2 states already that they got from Frontier. Heard 3 to 6 more for sale. All in north Central Part of country. Small footprint lots of rural customers. Money being shifted to California and West Virginia

Good luck to those moving to RS. Do we know an actual confirmed number of staff who will tupe across and what what relationship to the product ie engineering, support, sales etc?

BP is weighed down by North Sea UK assets. The hostile regulatory and taxation framework prevents meaningful investment and assets are entering a phase of operation that is not in BP’s wheelhouse. Meg will realize just like she did at Woodside that when assets reach a particular inflection point divestment even at a perceived loss creates a positive outcome for the company.

What assets need to be offloaded first? For transparency have BP UK sanctioned suspect projects with the intention of maintaining leverage and employment at the consequence of capital destruction?

Post recently deleted on purchasing a third Gulf Coast refinery and selling off smaller Mid Con refineries. Go back to January thread on the following post: Something is on the Refining Horizon.. Where there is smoke, there is fire.

Now that the divestiture is completed, when do you think reorg will occur? Titles are all over the place. And do you think reorg will include layoffs? I noticed small layoffs here and there of long time contractors.

Drahi getting desperate and selling more assets. As we all know as part of his procurement scam, money laundering scheme we are forced to do business at inflated rates with businesses he owns to bring in more money for him beyond what he can make from Altice and Altice USA. One of those companies is Intelcia. He purposely laid off thousands of call center employees, ruining lives, just so he could outsource the jobs to a company he owns to make more money. Pays less for customer service and personally makes more money. Well to keep the mothership alive, Altice just sold their 65% stake in Intelcia to gain funds to pay some of their debt pressure. What else to be sold?

https://www.forbesmiddleeast.com/industry/telecommunications/billionaire-patrick-drahis-altice-to-sell-65-stake-in-moroccos-intelcia