#costcutting

Is it true due budget cutting?

https://wccftech.com/intel-xeon-6-6980p-hits-a-record-low-price-of-6190-half-the-official-msrp/

This could be half the official headcount

Both will cut costs. And AI will work around the clock with no complaints or recurring expenses. Loki knows the score.

I did not believe it before but I do now. In years past exxon would pip a variety of employees. I saw the old,young,men ,women,minorities and whites equally piped. Exxon took care to have a diversity in the piping. This year I at 54,another at 56,one at 63, another at 61 and last one at 64 years of age were nsied. We were all male one minority and the balance white. No women were nsied in our division. All of our performance issues were due to age,CL and high pay. I can say everyone of us out performed the younger employees in our groups. Well it is working because all the retirement eligible employees are leaving and I have to stay a year till 55. It has never been this apparent that exxon was targeting the old. One thing good about this is at least they did not nsi the vulnerable employees in their 40's. We oldies can afford to leave and will take one for the team. Remember youngsters you will be old one day too. What ever happens to us will someday happen to you so prepare for it. You have been warned.

Heard that around 8-10 onsite Scrum Masters (contractors) in MPS (Elavon) were laid of this week (last day Aug-29th). What could be primary reasons?

The cuts span 44 sites in central and southwest Minnesota.

https://www.startribune.com/st-cloud-based-centracare-laying-off-535-employees-amid-rising-health-care-costs/601454029

https://www.aol.com/peloton-beats-expectations-announces-further-212747746.html

Peloton shares rose after the company reported surprise quarterly earnings, driven by higher sales and cost-cutting measures, while announcing it will lay off 6% of its workforce as part of a new restructuring plan. The New York-based fitness company aims to save at least $100 million by fiscal year 2026 through reducing its global team, cutting indirect spending, and relocating certain operations, with about half the savings expected from the layoffs.

This latest reduction follows larger cuts in recent years, including a 15% workforce reduction in 2024 (about 400 positions) and about 1,300 job losses in 2022. While Peloton’s stationary bikes and treadmills saw huge demand during COVID-19 lockdowns, sales have steadily declined since 2021 as gyms reopened and customers returned to pre-pandemic routines. The company now anticipates falling hardware sales and fewer subscriptions to its fitness software products

whitford corporation (ppg industries) – elverson, pennsylvania – specialty coatings manufacturer – closing plant at 47 park ave. – 82 employees affected – layoffs between august 19, 2025 and december 31, 2026 – operations cease by january 15, 2027 – full closure by march 31, 2027 – part of global cost-reduction initiative – severance and transfer opportunities available

whitford corporation (ppg industries) – elverson, pennsylvania – specialty coatings manufacturer – closing plant at 47 park ave. – 82 employees affected – layoffs between august 19, 2025 and december 31, 2026 – operations cease by january 15, 2027 – full closure by march 31, 2027 – part of global cost-reduction initiative – severance and transfer opportunities available

Beasley Media Group has carried out a new round of programming layoffs, affecting program directors and on-air talent in markets including Boston, Philadelphia, and New Jersey, just days before its Q2 2025 earnings release. Among those impacted are former WDHA Program Director Terrie Carr, who described her dismissal as a “one minute phone call,” and high-profile host Mike Missanelli, who had recently returned to Philadelphia’s 97.5 The Fanatic. The scope of the reductions is still unfolding, with notifications continuing through the day. This marks Beasley’s second layoff wave of the year, following cuts before its Q1 results.

The moves come as a cost-cutting measure amid ongoing revenue declines. Beasley’s Q1 revenue fell 10.1% year-over-year, resulting in a $2.7 million loss compared to a small profit in Q1 2024. Digital revenue, however, rose to 22% of total income, with operating income margins improving significantly. Q2 revenue is also pacing down 10% per management guidance, leading the company to trim traditional programming roles while continuing to invest in digital operations. The company is scheduled to release its Q2 earnings on Tuesday.

• https://radioink.com/2025/08/11/beasley-media-layoffs-pds-talent-let-go-as-q2-results-near/

Am I alone here in saying that I've been run ragged for months and the heat keeps getting turned up? I'm so stressed out.
Each time I get through a new hurdle of some monstrous new process and weeks of back to back meetings, I get notified of something worse. And expectations for cost cuts with no defined process and several layers of teams that will turn the ideas down.
I feel like they are trying to break us.
All I'm seeing is panicking, fear, knee je-k reactions, finger pointing and extreme demands. Endless classes, requirements, special projects, release dates being pulled back, endless meetings and people in my group phoning it in while I'm being pushed over the edge.

I looked for jobs. Where are they??? If I do find anything remotely compatible with my interest, skills and experience, it pays 60% of what I'm making at GM. I feel trapped and abused.
Am I alone? Does this feel horrific to you too??? I've never seen anything close to this, even during the 'great recession'. What is the answer here?

PS With everything going on and the bad decisions from managers, it seems like GM is DOOMED.

IDM 1.0 Product groups benefited from having access to lead nodes (ahead of what other companies could access), to the point that the fabs were run as a loss-leader, with max emphasis on output and yield over cost.

This led Finance to grind their teeth but no one cares about that.

It seems clear that external customers want Floundry to be a separate company from Products, because of the concern over IP sharing and wafer start conflicts.

But that leaves Product groups with low margins when they rely on lead nodes from TSMC. This is because they no longer have pricing power and that will only worsen over time as x86 is supplanted by ARM.

So Product groups NOW need Floundry to be a more cost effective supplier TSMC (and close to leading node). This was the point of IDM 2.0.

MJ tried to mumble something about this in a more positive light, but the reality seems clear enough.

What this likely means is deep cuts in Floundry spending, as that group gets real about the capacity needed for the pace of customer onboarding which is possible.

The pushout of Ohio and halting of other projects shows the effort is underway to rationalize capacity to demand.

Pat was pushing to do a full buildout, which only made sense if he was able to bring high volume customers onboard.
A smarter approach would have been to do no greenfield projects.
Just add a few mods and wait for customer growth to justify Ohio and Germany.
This is what appears to be the current plan (much to Pats deep chagrin)

Next is to slow down the ramp, and stop building speculative capacity.
The company has being driven into the ground by reckless expansion and it must stop.

So at the existing facilities, that means fewer tools, which means less headcount. Attrition may be sufficient.

It seems possible that a few HVM fabs could be spun off into an independent company, to satisfy external customer concerns.
Considering how few customers there are, that could just be at one site, like Ireland or something.

For Product groups, it is way past time to stop projects and groups that have no roadmap to profitability.
Because that x86 market share, it ain't coming back.

If Product groups need the combined margins then they will have to retain some fabs in the same company, and likely TD as well, in order for it to be funded.

So the big surprise of 2025 may be that the company is not particularly broken up, but that the fabs are broken up, in order to sustainably serve the needs of internal and external customers.