#headcountreduction

Cant believe how poor the Management and Shareholders are in this company.

I could turn the situation around easily, spin off the insurance to Private Equity or IPO for $2billion, which will pay off all the debt.

Your left with a cash company generating Free Cash Flow of $400 million with no debt on a PE of 20 thats $8 Billion= $48 per share.

I would not hire any new folks, natural wastage would get rid of 20% of the workforce in the year, i would get rid of the several layers of management, the existing employees would retrain if they were offered a good pay incentive, FCF would rise to $450 milion, another $10+ on the share price to $60, then get some bolt on Acquisitions.

If Fernandez isnt going to grow the Company this is about to happen soon.

A California-based data company is trimming nearly a dozen Travis County positions after it was acquired recently by an Austin private equity firm.

Couchbase Inc. is eliminating 11 of an estimated 40 positions at the company’s Austin offices at 9050 N. Capital of Texas Highway, according to a notice filed with the Texas Workforce Commission. Most of the employees affected are part of the company’s sales and corporate teams.

https://finance.yahoo.com/news/couchbase-laying-off-11-austin-190418814.html

We keep hearing that more cuts are coming, and the rumor mill is nonstop at this point. If anyone has anything even remotely reliable to share, please do. It’d help a lot of us figure out what to expect instead of stressing over every random whisper.

No announced LR, but it seems like there are personnel that are getting cut across different groups and divisions this month. Does anyone one else notice the headcount reductions? If so, what groups, divisions, etc. are getting targeted?

Just check the OUTLOOK, you will see many of your Leadership names will be missing and this will be seen thru until 3rd week of December

As part of the cost savings, the layoffs are currently happening and some will commence next year.

What are the plans for Channel ACD, I2B,D2D etc?? Any heads rolling??????

I can confirm 179 stores to be closed and down to two markets West and East. Not 100% sure what that means for head counts but 2 MPs left and not sure if 2 RVPs will retain their positions.

If you’re a manager you have probably already been asked to provide numbers.

I expect at least a 10% cull across all/most teams in February before the end of year reviews.

Getting rid of many managers and collapsing them to ICs and creating teams with 1:20 or 1:25 even, was done to make it easier to give up headcount. It was always going to be the next phase. They are speeding up the next phases of cuts

Well, I just got notice from my manager. I hate to break the news, but the 5 days RTO rumor is true. It’s not 3 days anymore it will now be 5. Seems they are planning to use RTO to reduce headcount without severance. Just fair warning to y’all. I am in shock.

They ran reports showing a 29k headcount.

IYKYK

I want to believe that Verizon has more than 29k employees.

Per news article from Ignites, BNY cut 3400 staff in the past 12 months and paid out $250 in severance.

Also mentioned in the article that approximately 50% of staff are now based outside the US; before Robin this was 40%.

They’ve been he-l-bent on cutting people and gutting the teams that actually know what they’re doing and get things done.

Verizon plans to cut jobs as Dan pushes for a LEAN COMPANY. He said it... Employees in the Potomac region have already been offered voluntary separation packages which are listed on the local union’s website. Those interested need to apply before December 12 2025.... One of them said they were notified by email about a month ago and told to expect the package by mail... soooo the process began before Dan became CEO. If his goal for a leaner ops continues, more and more and more job cuts are expected next year.

Intel finalizing plans for mass IT outsourcing to Acenture and Infosys this will allow Intel to realize a significant headcount reduction aligning with Lip Bu Tan’s plan

The management team documented headcount reductions at Investor Day and the materials are on investor.bankofamerica.com - read it for yourself.

https://d1io3yog0oux5.cloudfront.net/_921b404bf18d5836995d3afa5c212c04/bankofamerica/db/968/10447/file_upload/BofAInvestorDay_FullPresentation_Final.pdf

Page 61 (stamped 39) shows a clear and significant push reduction in headcount. The slide is titled “Continue to Drive Growth and EFFICIENCY thru strategic investments…”. Watch any interview with Brian (Maria Bartoromo for example) and he avoids the question on headcount reductions from our investments in AI. The presentation signals to investors headcount cuts are coming and of course just how wonderful the management team is doing. We lag peers on EVERY meaningful metric so investors said same tired BS and dumped the stock on a market up day. Investors laugh at “responsible growth” so now we have to rename it “Try to catch up to every peer we lag growth”.

Search for the word “efficiency” in the deck and it comes up 51 times with the last one on page 298 (stamped 22). Management is targeting an efficiency ratio of 55-59% and publishing that to investors. Management cannot control revenue. Management can only control expense. These targets only require a 10-20% headcount cut and it’s so super easy to do. The question is does Brian want reductions in the Q4 earnings release or Q1 2026.

39K before acquisition, how about now?
How far to go to reach 7K or another number?

This is going to be similar to what Elon did to Twitter when he bought it.

"To the long-suffering men and women in the trenches of the Verizon workforce, this may sound like a new commander's call for another big push days after the last fruitless effort. Under Hans Vestberg, Schulman's predecessor, Verizon's headcount shrank by 44,900 employees between 2018 and 2024, about 31% of the earlier total. Since 2015, the number has plummeted by 78,100. All this carnage has still not apparently produced the lean machine that Schulman, who has been the top independent director on Verizon's board since 2018, wants to see. "

https://www.lightreading.com/ai-machine-learning/verizon-ceo-wants-aggressive-cuts-after-vestberg-culled-45k-jobs

What number does the big boss have in mind? The layoffs won't stop til that number is reached.

You all probably have been experienced 30K headcount cut off the last two years so far. According the law of physic ( not Moore law ) when things are going down they will accelerate down fall faster than previous fall until hitting the bottom. AI has been warning you to get ready and updating your resumes as times are against you at this place. Our AI team can help you polish your resumes or change your titles to look good without giving a leg, an arm or a kidney.

Be ready to shave your head or don’t color your hair to avoid the next round of layoffs at this place.

RIP Intel Helloween

Intention to fire 10%, today another 7 people, most salaried, following 5 last week.

70 front line want out

The Interior Department plans to eliminate more than 2,000 positions across its headquarters, agencies and bureaus throughout the country as part of a reduction in force that officials say is not related to the ongoing government shutdown, but happened to coincide with it.

https://federalnewsnetwork.com/workforce/2025/10/interior-department-reveals-plans-to-lay-off-more-than-2000-employees/

All areas in Optum insight are impacted, each team is looking at a 10-20% reduction. 10/30 is the date, but due to the number of people, may have to do it in waves.

VSP talks are on-going with unions in France. Some details leaked in the press.
They plan on reducing head count by 20% in France due to shift of focus on A.I.

6% headcount reduction ask by end of q1 2026 acrossthe board. YE process used to identify along with freeze on any new backfill requests from November 1st and retirements.. Usual stuff combination of all

Seems almost no one affected in these layoffs. Couple SE’s, 3 sales reps, few project managers?

Did it even total 20 people?

Marriott is being hush hush about exactly how many, but HUGE cuts are happening. Notifications to those affected this week, new postings this month, and those that don't get offers are out Jan 2. An entire IT department is going from 40+ to 4, North America reservation centers closing and consolidating leadership, HR, and support teams, support above center is being gutted. Not Mr. Marriott's vision at all. 😔

Not just in the last round, but since January?

Seems like that’s the plan

I’m hearing rumors the first thing the new ceo did was to see about a contract extension.But not in way most would like .Sounds like in exchange for some kinda cap on medical the union would agree to the movement of work force needed to bring the people to the work along with cross training for techs .Which means less hiring of new union field techs .This also plays in the company favor because they can also move ahead with the management headcount reductions this new ceo is looking for with layoffs .Not really sure if anyone on either side union and management realizes what this new ceo is looking to do reduce headcount at any cost .Not sure anyone is safe

Heard that’s the path forward, and it makes sense. Combine operations, leadership. Cut many many many many heads. Sure, it will rough for a while, but it’s all about the immediate savings. No one cares about 3 years from now, only the next qtr and the current gap to solve for. Painful decisions are what random new CEOs are all about.

Also, no more value! Redundant operations. It’s all consumer and business, all customer. We don’t need 10 different marketing teams, just one.

With the low oil price environment which doesn’t seems like it will improve soon, any news on the street if there will not be layoffs in Oxy? Any thoughts if the OxyChem sales will lead to headcount reductions in the upstream side of the business?

How do you think we are going to achieve it? By singing kumbaya? By cutting staff you fools.

What is the final target LBT has in mind for intel? Definitely 75K is too much if we implement AI throughout.

75K still overstaffed or just nice? employees still overloaded or simply inefficient and unproductive?

Thoughts on the sudden increase in loss of containment and fires within the industry? This past week has numerous incidents in the news. Is this a prequel to the new norm due to reduction in experience, headcount, and overall intelligence?
Inquiring minds want to know.

I have seen Headcount projections for my managers team of 103 people. Currently, 78 in the US and 25 in India. Future Headcount projection is 25im the US and 75 in India. I could not see a timeline for these projections. Our organization has almost 600 people. I can't see the projections for the other teams. I am not sure if it will affect the larger team, but my guess is it will.

This company is out to reduce head count by hook or crook.
Plan your next financial and career plan ahead.
Don’t assume you can stay here till you are 60 or 65.