#firing

There was a very disjointed and brief call today, with no questions allowed to be asked, stating FIS is going to outsource almost all parts of the business.

Tomorrow might be wide open for me..

Is the new Canadian dude reporting to Michelle a hatchet man or what? More people fired in the last 2 weeks than in the previous 50 years combined.

Firing people then promoting incompetent ones. Make it make sense.

Just curious if anyone has recently seen any normal or increased activity of people being FIRED, ie, let go without a package to, you know, tap into all those best place to work vibes? Seems something we'd all like to do pulse check on every so often. Can't be too specific like seen 1Z-2Z in 3 months, 5-6 in 6 months.... now I've have seen at least one and it is done under the cover of darkness like a present over Christmas from Congress which no one voted on.

A few years ago I witnessed the best guy on our team fired in a thirty second phone call and I haven't forgotten since that day that nothing here is safe.

I understand it's a business decision. What makes me furious is that they recently hired someone for double my pay for my role as a contractor in Hyderabad. Whats worse is that I interviewed that person a year ago and he knew nothing of any technology, I even flagged that the profile could be a fabricated one.

And at least one of them in my org deserved every bit of it for being a total slacker for years. They brought it on themselves.

Anyone else here have justified layoffs (more like firings) in their org this week?

I’ll start

Chuck Robbins

Delivering the mission statement 'Lets get going' and simultaneously firing about 1000 people would appear to show a serious lack of common sense. Are you people serious?

It stands to reason the overall workload is going to be less (but may be more for some people, depending on the job function). The network is being allowed to deteriorate. Not as many real estate people and rf engineers are needed if we are going to let the network coast (with some work here and there).

Is the company effectively “quiet firing” its U.S. and Northern Ireland employees so they can just put more engineers and customer serivce people in India? Top performers are receiving only 1.5–3% merit increases, denied PTO, benefits appear to be shrinking, leadership feedback feels limited and unconstructive, and training and skills development programs seem to be declining in quality. Unless someone has specialized AI expertise, it can feel like the goal is to push people out or pressure them into working longer hours than they’re paid for. Meanwhile, TW continues to repeat phrases like “we’re all in this together,” like we are still in the heart of COVID. This environment feels even more challenging than during the pandemic. Customer service is in the toliet with AI and all the Indian offshoring. Hire 4x the middle managment to get in the way of being productive at work. I'm just glad I have other options other than this blue toilet. However, I know that everyone is not as fortunate esp in the Orange Tu-d's America. Be the CEO of your own career bc this place does not value you.

Read an article on our proposed acquisition of Schroders.
https://alternativecreditinvestor.com/2026/02/13/schroders-deal-costs-to-weigh-on-nuveen-profitability-says-moodys/

From the article

Moody’s has downgraded its outlook for both TIAA and Nuveen from ‘stable’ to ‘negative’, citing the anticipated credit impact of the acquisition.

The ratings agency said the TIAA downgrade reflects anticipated weakening of its financial profile, resulting from the high cost to finance the acquisition. This will increase leverage, reduce capital adequacy, and heightens execution and integration risk associated with the transaction, it said.

Moody’s also noted that “despite the complementary nature of the European asset management target and its potential to bolster Nuveen’s market position and earnings diversification, the acquisition lies outside TIAA’s core higher education pension business”, which is another factor in its decision to revise down the outlook.

With all the layoffs and firings, one has to ask whether our EC is competent enough and whether we have the resources to pull this off. It seems risky. This is about to be a big expensive mess.

plz let us Make Omnissa Great Again

plz let us start this journey by firing kev1n

plz support me n hold our hands together in fruitful journey no one person wants him. go away K

Leg T surplus is coming but first they are trying to fire you for misuse of company time. They have a usage report for websites and a list of people that are not working. The goal is to fire 20- it will save the company over 2 million dollars.

As I see hiring I also see forced retirement and cuts for similar roles. Worst thing is they fire you and ban you from rejoining for life! one of the worst way to treat your own ex employees who you called family!!!

Is Cigna doing this again Tomorrow or they won’t fire more people until next Thursday??? Please someone that knows let us know

yepp it’s true. had a meeting about it today that ruined my whole day. they hired these people as remote workers and are now firing them for being remote. how cruel. and they say it’s to promote “collaboration” but nobody in office collaborates on anything. and our team is split up between 5 offices so everything is done virtual anyways. it feels like BS just to fill up offices and keep their precious precious real estate value. what else would be the point of laying off fully trained employees just to replace them with in office workers? and we already can’t handle our workloads, the last thing we need right now is to lose a bunch of people. this is gonna hit the rest of us hard.

Am I alone in thinking that? They are already moving CS which is a big portion of the process. What is keeping them from moving everything back? They are obviously not happy with the work that is done by FIS. I can't even imagine how bad the cooperation between FT CS and FIS Operations/Support will be.

I was in the corporate world for 18 years and I heard that stupid "reach out" term for 15. It sounds like 'reach out and touch someone' and I wish that term would disintegrate into the trash bin of corporate junk. Reminds me of the AT&T commercial blended with workplace harassment. You can reach out all you want. Who will YOU touch next? And, will that involve HR? You do you.

I know a few folks who were recently fired for ridiculous things. That's been my biggest fear lately. Being laid off at least leaves us with some kind of a safety net. I'm not trying to minimize the impact of what's coming, just saying that sadly, it's no longer the worst possible option.

How far out are your county assignments being assigned? Mine are until the end of March. Nothing for April.

This is making it difficult to reschedule members since I am in 3 counties and certain ones are filled up through March. I have to status a member as “member request reschedule” yesterday which I am assuming will affect my metrics? I’m guessing this is also a sign that I’ll be getting fired at the end of March? (After 14 years with Housecalls!)

From what I’ve seen they have fired more than 5,000 employees but I don’t see the WARN acts out anywhere?? Only for the state of WA and KY… but I know they have fired all over the country so- WTF?!

Seems like you can only get fired for gross misconduct but not from incompetence, at least from what i've seen. Any one know any differently?

Pinterest CEO fires back at workers fighting layoffs

Pinterest announced plans to cut hundreds of jobs last week. Now it’s firing engineers who tried to fight back.

https://www.thestreet.com/employment/pinterest-ceo-fires-back-at-workers-fighting-layoffs

Some people may already know this others are finding this out the hard way but the CTO last year in October gave managers under her the Go Head to find a way to start firing people. In recent months many people have started coming under scrutiny by Frontline managers who are writing them up for performance hits even though that manager is removing that person from work thus causing them not to meet performance goals or other setting up for failure activities. WF under the CTO has become a popularity campaign and if you are not liked on a personal level these Frontline managers and executives play the high school gossip games to get rid of you now. In the last few months I saw them fire multiple people who've been at Wells Fargo from 5 years to 30 years. This new senior leadership is not about keeping and retaining talent they're about saving money and unfortunately they are in the mindset, trained to believe that Americans cost too much, and so they have laid out an ambitious project goal to have the Indian workers operationalize AI and AI will in turn replace the American workers. While many lines of business focus on trying to fire people to trim down their teams to the minimal number possible for Frontline managers to have so they are not fired. Be wary of those managers that want you to work over 8 hours a day 5 days a week and more well not compensating you or rewarding you in some way for the hard work you're doing. This new leadership has been told to brutalize the workers in this fashion to create a micromanage and hostile work environment to force people to quit as well.

No there's not reported layoffs because they walk people out the door as soon as they don't like what you have to say or as soon as they need to cut expenses in high paid or long-term employees

Credible estimates are that 10-15% of employees (7,000-10,000 people) will be laid off over the next several months, with the process beginning today (1/29). Cigna is in the mess we’re in because we:

1) have no actual long-term strategy,
2) have significantly under-invested in our systems and products for years, focusing only on short term earnings, and
3) have let our operating expenses get too high, primarily due to the systems inefficiencies caused by #2.

The CEO, President, and CFO are directly accountable for all three factors. Yet it is all of us who are paying the price for poor, out-of-touch leadership, incompetence and personal greed (prioritizing short-term stock price performance over long-term company viability to maximize their own incentive compensation).

The main reason cited for all the layoffs is that our expenses are out of control. Hmm… who was the CFO the majority of the last 5 years while that was happening? Oh right, it was Brian Evanko. So he let it get out of control - and then got promoted to president?? It was maddening to hear him tell us in the December town hall that our expenses were out of control, as if he had no idea how it happened and it was a surprise to him. The lack of self-awareness and accountability was stunning.

In 2024 David Cordani made more than $23 million and Brian Evanko made over $10 million. Since the odds are very low that they’ll get fired by the Board of Directors for chronic mis-management, does anyone want to bet that at least their 2025 bonuses and incentive awards will get cut as part of the overall cost cutting and poor company performance?
Hmmm, no? Me either. I expect they’ll just reward themselves with more massive bonuses and stock awards rather than being held accountable for the situation they put the company in.

Good luck to both those who will lose their jobs and those who will be left behind to try to salvage this mess with far fewer resources and devastatingly low morale. We’ll each know which group we’re in soon.

Now they are talking about firing, not layoffs anymore. Wellsfargo is super toxic.

12 of us fired over the last week, getting rid of their best employees for miniscule reasons. Middle of the busiest time of year for us

Maybe we can call out that bringing Adobe into Nike was a TERRIBLE idea. What a waste of tens of millions of dollars.

Everyone involved with that decision should be fired, fired, fired.

It ki-led innovation and slowed us down.

Wouldn’t be surprised if there were shady deals around it.

For all those who got the axe today there will be a tribute in the sky for the fallen. It might take all night.

The fact you cannot remove this garbage from your computer is grounds for Microsoft's CoPilot Team to be fired without receiving any unemployment benefits.

Anyone heard about this group chat going around in CE? Apparently there was this 60 person teams chat where they were sharing client information, making race jokes and trash talking coworkers. Al R found out and got p1ssed and is going to fire a ton of people

guys, it seems this thing is serious .

I was going through Reddit and reviewing some past post from this forum.

It seems when you get inconsistent meet IM , they can fire you and they don’t even need to initiate any PIP(improvement plan)

I mean fire , not layoff - so no severance.

I’m doing a ok job. My boss thinks I’m not doing enough but I try my best. I make mistakes sometimes but nothing serious. I think my boss is trying to get me fired. Can I get fired for this?

This is an open secret. It's not a new thing Citi is doing, it has done same in past with Kathleen Martin Whistleblower and many others and now it's doing in mass. Should do a class action lawsuit it's wrong.

The goal to let people go is a different feel now they will look for every little reason to fire someone and to make sure the severance cost plummets so make sure you hit your goals office expectations etc yes I know this is old news but it isn’t because it is a real goal so look for more firings in 2026

Lately, it seems like more people are just being let go. They're not calling it a layoff, and there's no severance. Just, quietly firing folks, I guess?

Why is nobody adding up the recent $19.5 and the previous $10B FNV4 fiasco? And a good man like Hinrichs was let go?