#layoffs

Peace out Mondelez. It's been fun

BlackRock, the world’s largest asset manager, is trimming its workforce once again. According to Bloomberg, the company plans to cut about 1% of its global headcount, or 250 employees, as part of a broader effort to streamline operations. The layoffs are expected to impact multiple divisions, including investment and sales teams.

https://www.tipranks.com/news/blackrock-blk-to-cut-250-jobs-in-latest-round-of-layoffs

• Meta plans layoffs in Reality Labs, affecting the teams behind VR headsets and Horizon Worlds.
• The restructuring follows major financial losses and a strategic shift toward AI.
• Reality Labs faces uncertainty as Meta leadership emphasizes 2025 as a decisive year for the unit.

https://www.businessinsider.com/meta-layoffs-reality-labs-vr-horizon-worlds-teams-2026-1

They're happening this week. But do we know if all the cuts are US only?

A source inside Boeing told KING 5 the company held a mandatory call Friday morning, during which employees were told Boeing plans to cut about 10% of jobs in Boeing Defense, Space & Security (BDS) Supply Chain.

https://www.king5.com/article/tech/science/aerospace/source-boeing-layoffs-defense-supply-chain-work-group/281-415aa055-b8c0-48df-86e6-0a066775a6e6

Labor cuts. It's about time Amazon gets rid of these people that don't work. Floral. SSS. Self Checkout "attendant". Bakery "Cake Decoraters". "Bakers". "cooks".
All useless. It's time for them to hit the road.

Any idea if the Feb JEs will involve low performers OR specific functions (e.g product mgt, QE, project mgt…)?

Heard some folks will be RIFed on Jan 31st or before. A lot of org changes going on. Any updates?

OK, here is the money crunch. There was ~$479,000,000 in cash or equivalents on the books on 9/30/25.

Great! (not really)

There are also 27,000 people on payroll. Divide the numbers and you get $17,740 per person. Great? No, not really.

Some people make a lot, some make terrible money. If the mean salary is $50,000/year and you divide that into $17,740, you get 35.4% of a year - or about 90 days of payroll.

Money is coming in still but this, and overhead, the cost of goods, and most importantly, the debt load, is too much to survive. The only way they can survive is to borrow money and they can't. It's too late to fire their way out of this, hence the lack of trying.

There are two smaller debt payments (both around $100 mil) due this year. Either one could end the ballgame.

Looks like a tough quarter. When do the layoffs start? They need to get the margins up.

I know the documents say 30-60 days for them to be paid out but has anyone gotten a more precise date. Specifically for the 12/19 sev group

Hi Folks its that time again, need more excuses for the Analysts, what if say we are expanding AI offices in Venezuela, Greenland, Eye rack, and Canada, or were now run by the blue flag office headquarters. I could reduce the pay raises budget so only the chosen ones get the pay and then use it for more buybacks. Help help this Qtr will be another $5 million in the bank for me amigos.

Anyone know? Field impact?

I just saw on another thread that the RIF for 1/22 was moved to 1/23?? Is that correct and what’s with the change?

We all know that the timeline to make a room OPO employees at Deerfield. Based on that what could possible time line look like for re-org and may be layoffs.

Here is what I think it may look like:

Identify who they will still stay with the company by the end of this week.

Identify which teams they will belong to by end of next week.

Identify where the teams will sit and communicate with affected employees by the end of the month.

Here is what the structure could look like:

C-Level (CEO, CFO, COO, CIO etc)

• Eight Directors reporting to each
  • Eight Managers
    • Eight Team members ( Leads if managing large offshore team)
      • Eight Off Shore Resources

All would be aligned to achieve same goals every 15 days to a month.

There might be product management team who will continuously be managing prioritized backlog. Their whole deliverable every two weeks is to add new approved items to the backlog.

Tessera’s layoffs come amid broader biotech industry adjustments, with the company narrowing its research scope to core gene-editing efforts tied to its partnership with Regeneron and moving other projects

https://www.boston.com/news/business/2026/01/12/somerville-biotech-company-laying-off-35-of-workforce/

I was impacted by one of the BS pittsburgh layoffs on December 16th. I was told that I would remain an employee through end of December and would then receive an agreement from HR to sign in order to get an extra 60 days pay.

As of 1/13, I still haven't received a box to return my computer and received nothing from HR. According to Voya, I'm still showing as an active employee and can't access any of my retirement funds until I'm terminated. Curious if anyone else laid off in December received their separation items yet. Also curious if anyone would be willing to share contact info for HR. My boss couldn't be bothered to provide me with that basic info when he fired me.

The tone deafness is staggering. Come one, come all, even though 1 in 4 of you are on borrowed time. But no worries, you can retire on your 10 shares of Burger King stock. Come and hear our overlords drone on about P-M, AI, the analysts who will be running the company as we kick you to the curb.

Story by Jennifer A. Dlouhy and Kevin Crowley

(Bloomberg) -- When Exxon Mobil Corp. Chief Executive Darren Woods told President Donald Trump Friday that Venezuela is currently “uninvestable,” he was echoing warnings already issued by oil industry leaders and analysts.

Indeed, some of his peers had tried to dissuade the White House from even holding the meeting, according to people familiar with the matter.

While Trump wants US companies to invest at least $100 billion rebuilding Venezuela’s beleaguered oil sector following the capture of President Nicolás Maduro, some executives worry conditions won’t permit a speedy turnaround. They also don’t want their companies cast as opportunistically dividing up Venezuela’s vast crude reserves, believed to be the world’s largest, the people said.

Woods not only attended the meeting of roughly 20 oil industry executives, he spoke his mind. But Trump didn’t appear to appreciate the candor. By Sunday evening, the president was telling reporters he “didn’t like” Woods’ remarks and was inclined to keep Exxon out of Venezuela, saying, “They’re playing too cute.”

“Woods thought he was speaking the truth — and he probably was — but he didn’t read the room,” said Andrew Logan, oil and gas senior director at the CERES climate advocacy nonprofit, who speaks regularly with oil industry investors. “He wasn’t in a position to say that without blowback, and blowback is what he got.”

It was a fresh reminder of the potential pitfalls for the leaders of any company — or country — when summoned to Trump’s White House for a meeting. The president is fond of opening some sessions up for public viewing, giving him a platform to extract concessions from gathered executives or government leaders.

Oil executives, however, have reason to be cautious about Venezuela.

Any bid to significantly boost the country’s recent oil production of nearly 1 million barrels per day — much less reach 1970’s peak of close to 4 million barrels daily — would likely require tens of billions of dollars. Companies would have to rebuild or replace abandoned rigs, leaky pipelines and fire-ravaged equipment. Even beyond the physical challenge, industry representatives say they want to see political and legal reforms enabling them to move money in and out of the country as well as on-the-ground security before they make any big commitments.

“The industry was unified on Friday — with the meeting with the president — that there are going to be certain prerequisites that have to happen before there’s continued investment in Venezuela,” Mike Sommers, CEO of the American Petroleum Institute, told reporters Monday.

Exxon’s arch-rival Chevron Corp. remains, for now, the only major international oil company operating in Venezuela.

Exxon executives were taken aback by the media’s reaction to Woods’ comments — according to a person familiar with the company’s thinking — given he also told Trump the company was planning to send an assessment team if invited by the Venezuelan government. In addition, Woods expressed confidence the Trump administration could deliver the legal and regulatory reforms needed for any future investment.

Despite Trump’s negative response, administration officials took note of the changes Woods recommended, said people familiar with the matter who asked not to be named because the conversations were private. A White House official pointed to the president’s Sunday remarks when asked to comment. Exxon declined to comment beyond Woods’ remarks on Friday.

Woods has become more strident in his public comments in recent years, speaking forcefully in pursuit of his policy goals even when it risks unpopularity with politicians, the media and investors. It’s a departure from former CEO — and Trump’s former secretary of state — Rex Tillerson, who tended to be more conservative in his approach to the company’s image.

“They’re gone from seeing silence as a source of strength to seeing silence as weakness,” Logan said. “It’s been a dramatic shift.”

When Europe was considering new climate and human rights laws last year, Woods was among the first high-profile CEOs to attack them directly. He also pushed back on Trump’s plan to pull the US out of the Paris climate agreement, arguing it would forfeit the chance to press for “common sense” carbon-cutting policy on the world stage.

Most strikingly, Woods took Chevron to international arbitration after its competitor agreed to buy Hess Corp., a deal that would secure a 30% stake in Exxon’s prized oil development off the coast of Guyana, next door to Venezuela. Exxon lost, as most analysts expected, but the case left Chevron in strategic limbo for more than a year. Woods defended his decision to pursue it, saying his company would always seek to protect shareholder rights.

For now, there are no signs the Trump administration will actively dissuade Exxon’s involvement in any Venezuelan reconstruction, should the company choose to pursue it.

As one of the Western oil majors with experience in the country — having left after billions in assets were seized by the government — Exxon is viewed as well-positioned to help. Most of Venezuela’s oil is heavy and sour, making it technically challenging to produce. That could constrain some of the independent oil companies that were more bullish at the White House meeting.

Trump told reporters after Friday’s meeting that “we sort of formed a deal.” But pressed to identify any specific commitments, Energy Secretary Chris Wright pointed to Chevron’s plan to increase its Venezuelan production by roughly 50% over the next 18 to 24 months as the “one specific pledge” from an oil company.

https://www.msn.com/en-us/money/companies/exxon-s-truth-telling-on-venezuela-shows-risk-of-crossing-trump

Layoffs confirmed in surveillance coming in February

Because it’s an American company, people will eventually boycott PayPal anyway.

Everyone in BTI has received an email from their PVP on the shift to an analyst-led model and a 'small number of eliminations'. No details on how many overall

I hate to see these layoffs but I recall the high flying days of 2002 - 2006. The stock price was >500 (adjusted for reverse stock split). Shareholders were hosed for years due to mismanagement at C. Jane is, I believe, doing what is necessary to right the ship. And it seems to be working. There are so many disgruntled employees at C that I am surprised that there aren't many more layoffs. Wish the best to all.

The number 2 man under K F was just made president and chief officer of the number 1 short line in the nation that has been taking over BNSF locations, and that is how you take over a class 1 from the inside and get rid of employees at the same time, all the corporate secrets and behind the scenes negotiating to cut employees, and operate under the guise of making a business more profitable was just a means to put the number 2 guy at BNSF in charge of the short line rail responsible for shutting down and scabbing out the most BNSF terminals and mechanical facilities nationwide. Hostile takeover over of BNSF on the horizon to be scabbed out and sold to short line.

I thought there might be some humanity, some authenticity, some humility in kicking off 2026 after the biggest layoff in company history. The biggest layoff directly resulting from horrendous organizational structure and misalignment from the top all while lying to employees about how great things were. Nope. The Chief Product and Marketing Officer posts on LinkedIn and celebrates meeting in person as if that itself is a major accomplishment. Claims direction is clear when literally nothing is different other than #playingtowin vs #gobeyond last year. And then the most tone deaf of all is saying “we have the right people.” The right people after a massive layoff and more to come? Wow. “Leadership” has not changed one bit. Expect the same or worse results because people can no longer pretend this clown show works anymore.

Tuesday/Wednesday. 20-25% for almost all teams.

With Verizon’s acquisition of Frontier moving toward completion, industry analysts expect a first wave of layoffs in March–April 2026. Estimates suggest roughly 4,500–9,000 Verizon employees could be affected, mostly in corporate, administrative, and overlapping network operations roles, while frontline technicians are likely to be spared initially due to regulatory broadband obligations. Some of these reductions may come through voluntary buyouts or early retirements, but the merger will still represent one of the largest workforce adjustments in recent Verizon history.

Rebadged employees that you may work with from your core are being released. I wish all the best.

I'm hearing everything from Tuesday/Wednesday this week to cuts starting on the 20th. Can anybody say with certainty what the date is?

Finally some good layoff news. Per Bloomberg Citi is severing 1K people this week. US centric. Pick me before I retire please.

Also FIRST!

"HP Inc’s stock has reached a 52-week low, hitting $21.20, marking a significant point in its trading history. This decline reflects a broader downward trend for the company, as HP Inc has experienced a substantial decrease of 36.53% over the past year. The technology giant has faced various challenges in the market, which have contributed to this notable drop in its stock value. Investors are closely watching to see how HP Inc will navigate these difficulties and whether it can rebound from this low point."
https://www.investing.com/news/company-news/hp-inc-stock-hits-52week-low-at-2120-93CH-4435466

Yes, keep laying off your best and most innovative employees and keep hoping that everyone buys your "HP Invent" mantra.

The software company is laying off about 10% of its global workforce following its $2.5 billion acquisition by Advent. The cuts in Israel will be relatively modest, around 5%, while layoffs in India and the US will reach about 10% of employees.

https://www.calcalistech.com/ctechnews/article/bybo6fzbbl

Laid off 6 months ago and so far all I’ve heard through my applications and recruiters is that their experience with former SS&C employees have not been good.

Not my fault that 3/4 of the company are subpar offshore & H1B employees that fail to practice even the most basic software standards that anyone would learn from a freshman level undergraduate course.

Worse for me considering this has been my only experience since graduating. Worse for SS&C considering me with no other experience other than a bachelors degree has more knowledge than supposed “senior” engineers.

Fun fact, if you’re a senior engineer than maybe you should know your database issue that your team has been working on for 4 months is because you guys somehow decided to put whitespaces in the column names which we’ve been trying to tell you is a horrible practice

Through out the system BNSF cut signal maintainers, inspectors and ET’s.

Some groups in risk and compliance are getting as much as a 20% axe. Isnt this fun? What could go wrong with a bank cutting risk functions? Lets bet it all on red! Trump, that is.

What exactly is redeployment, especially an open-ended one? Is this just a RIF in disguise?

https://www.thelayoff.com/post/@OP+1keshf0x2

Any info on Uhc side?