#company

Do you think AI will be a key driver for innovation in State Street ?
I have my doubts when I see the people leading such initiatives

Is there any news about layoffs I should know about?

I can't get worked up over rumors anymore. If official news comes, I'll deal with it. Until then, I'm not wasting my energy.

"and also 50% less of the work and knowledge. And growing as people like the other poster leave or are let go soon will be a loss. I mean lots of projects canceled or put on hold to likely be abandoned later.

D-mbest thing this ceo did here and she/board will probably throw SD under the bus when you know what hits the fan and everything goes from bad to worse when people are gone.

I don’t like it but could understand closing Jax and Denver. But this move was completely asinine. Time will tell. Hopefully I am wrong but I have a pretty steady record of being right about these things here over the years."
$$$$$
50% less work. High Turnover. Slow Results or no results. Delayed & cancelled projects

Sounds like a recipe spelling disaster.

BisigSCAMno destroyed the company and made this place miserable to work for with Sapience and mandated in office hours, minimum 9 hours a day, five days per week.

Mike Lyons brought back some sanity by offering flexibility with pool of remote work days, number of required in office hours and getting rid of Sapience.

Takis was here working with both CEO. Does anyone know whether he's in the BisigSCAMno camp and will likely reinstitute rigid in office requirements to drive away our remaining talent?

Or is he sane and will likely leave well enough alone by leaving the current flexibility?

Or might be do something different?

Is he the type to care about such things?

Is there anyone on here who actually knows his mentality around these matters?

Thoughts?

Any way to know how many are still left to be notified?

Guess we need a new forum in a week.

Abandon Hope, All Ye Who Enter Here.

How realistic is the target? Is there a portal that actively shows progress on this?

Was lowell worth $180M
Was Hans worth $210M
Over a 15 year time frame
Debt $175B
Stock price-$65 to $45.
Headcount reduced -187K to 87.4k
Is the avg employee ar VZ worth what it became -#1 carrier

In order to distract from the decline in maintenance needed to achieve minimal bathroom standards we will be classifying all restroom facilities as flex space. If you find a toilet non-functional simply go to another floor.

"Our new research reveals that the objection to any work from home is more likely to be driven by something else entirely: ego.

"The only trait that consistently predicted objections to remote work was narcissism — the tendency to be self-centered and entitled. The higher the opinions of themselves leaders expressed, the more they coveted power and status — and the more they favored return-to-office mandates.

"Return-to-office mandates fail to increase financial returns. They succeed only in motivating star employees to quit, reducing the satisfaction of those who stay and discouraging new talent from joining."

The market cap is just over $1billion.
When Rawul came in it shares were around $28, in less than 3 years his sunk the company.

This is very sad that most of the companies are adapting to new tech like AI and laying off due to improvements but at FIS a "BIG BANKING PRODUCT" related company people are being laid off due to poor management

Any details about this new title?

we had a huge onsite then my vp lost his job. reorg already done under Brenda and MED. VPs gone, sr dir gone, MED gone. how many leaders are being cut next under Barsam's new vp from ny?

What is the difference between CA and CR?
Serious analysis only ;)

Report layoffs, layoff rumors and insider info here. I'll start: OI big time

Any idea on how Medicaid Indiana is doing?

https://www.nytimes.com/2026/06/22/opinion/office-work-wfh-bosses.html?unlocked_article_code=1.sFA.uHrM.1WHzzvC4LbNq&smid=url-share

https://hrexecutive.com/inside-meta-layoffs-and-ai-shakeups-have-pushed-morale-to-the-edge/

Remember when Stanky said nobody knew better than him when it came to the media business? Good times.

Now that the passions have settled, can we have a normal, objective conversation about what we can expect from Takis? Not oh, he's the worst or he's the best rhetoric of the past week, but let's see what he actually brings to the table and how it'll affect all of us.

Norsk Hydro ASA will close two aluminum extrusion facilities in the United States. These plants are located in City of Industry, California, and Delhi, Louisiana. Operations in California will conclude by early next year, with Delhi following by mid-2027. The company cites low capacity utilization and significant capital investment needs for the closures. Approximately 350 employees will be affected by these decisions.

City of Industry, California; Delhi, Louisiana

https://www.recyclingtoday.com/news/hydro-aluminum-extrusions-recycling-plant-closures-california-louisiana-2027/

Leadership doesn’t want to be transparent because you wouldn’t like what they told you if they were transparent.

Mainly, that they are now not trying to manage a “comeback” as much as they are trying to manage “an orderly decline in Nike’s previously hegemonic industry position.”

Nike isn’t going away. But it is also no longer a growth company, and for several reasons I won’t get into here the company likely reached a plateau a few years ago. The market in which Nike was established and grew effectively no longer exists. Or at least, the old rules that allowed Nike to continuously succeed are no longer the rules.

As a result Nike needs to balance “doing what Nike has historically done” with the reality that the company still needs to significantly downsize. If you’re management, there’s no polite, nice, or pep-talk way to communicate that. So they don’t.

Like I said the reasons for Nike’s decline are multi-faceted and in some ways complex. Nonetheless the company IS now just trying to hang on to what it already has. Talk of a “comeback” is sort of what they have to say but make no mistake; leadership is not naive to broader market trends that disfavor any sort of tangible “comeback”.

My partner will sometimes put on some ugly clothes and ask me, “How do I look?” My partner likes those clothes. So I answer with “You look great!”, and leave it at that.

Should I instead be more transparent? Should I instead engage in “more honest communication”? Maybe. But will that improve matters? Or create a new problem neither of us needed?

One could argue Nike is being kind by not being fully transparent. I’m not claiming that would be a GOOD argument. Just an understandable argument. Because if Nike leadership was fully transparent about the current field of play and what it really means, my guess is that it 100% would not make people feel better.

An on point post, the OP is @20q+1ks86w36m.

Has anyone heard anything recent about layoffs?

The team behind the game Luna Abyss has been made redundant. Publisher Kwalee parted ways with its subsidiary, Kwalee Labs. Kwalee Labs developed Luna Abyss as its only game. The cosmic horror title launched just weeks ago. Luna Abyss received generally positive reviews from critics and players.

https://insider-gaming.com/entire-luna-abyss-team-laid-off-one-month-after/

We're doing amazingly well. I think people are just looking for things to stress over. Enjoy this while you can, I'm sure it won't last forever.

What if, and hear me out, leadership focused on growing revenue instead of shrinking headcount? Wouldn't that be something? Too bad nobody here would ever try that.

We keep laying people off, and yet we keep posting openings at the same time. What's the point?

I wonder if there's anything the leadership thinks is truly essential.

Does anybody have more info? Too many rumors circulating to just outright ignore it, as much as I hope it isn't true.

Thorogood Boots opened a new manufacturing facility and its first retail store. The $14.5 million, 70,000-square-foot facility is located in Marshfield, Wisconsin. Weinbrenner Shoe Company, Thorogood's parent company, operates the site. The new flagship store allows customers to view the boot production floor directly. This expansion highlights the company's commitment to American workers and union labor.

https://wwd.com/footwear-news/shoe-industry-news/thorogood-marshfield-wisconsin-manufacturing-facility-store-1239017044/

Sparhawk Trucking may face mass layoffs. It entered Chapter 11 bankruptcy in March. A notice from the trustee warned of job cuts. The company actively seeks a buyer. A new owner might not keep all staff.

Wisconsin Rapids, Wisconsin

https://www.truckingdive.com/news/sparhawk-trucking-seeks-buyer-warns-of-mass-layoffs/822855/

VP and above having off sites this week, you know what that means

That we are hiring and returning to growth