#rumor

Rumors from credible sources shared the company plans to move the NJ Englewood Cliffs office to TX, home of its phone business. Anyone hear anything?

Has anyone been watching Steifel? Their HQ is in STL, and rumors are flying that they're getting ready to sell or merge. They recently sold off their independent channel, but for no real reason. It had to be for more than debt reduction. The independent channel (industry wide) is growing while the W2 channel is floundering...

How sure are you guys about the layoffs happening in May? Hearing a lot of mixed things and trying to figure out what’s actually credible vs just rumors. If you’re a troll pls gtfo, some are on anxiety prescriptions due to this.

Just looking for some clarity:

What offices are closing and which date is the actually real for a rif. Either way I know we will have a big one prior to October due to the Stock Award being given that month. So obviously VZ will need people not here prior to that month. So Q2 or Q3 rif is in play. Will VZ wait till Q3 or is May actually for real?

1) Rumors site starts getting more and more input/traction.

2) Big news media start noting potential layoffs possibly leaked by Dan and or his communications team. This lessens the blow when they actually happen internally and also starts painting a picture to the market. (Dan just noted AI will result in 20-30% unemployment for companies

3) Teams notified to work from home a week prior to the layoffs.

4) During a payroll week, Mon/Tues for Senior Directors and Thursday for the rest. The expectation amongst many well connected is Thursday, May 7th. VPs and higher are probably Earnings week w NDA. Probably will be same 15 min script for those impacted starting around 9am. And then all hands for folks remaining around 11am.

What else trends are anticipated here?

Do we know anything?

Is that the new strategy?

I heard nobody else is being laid off in this round, has that been confirmed?

Is it true we're the next tech company to have major layoffs? I've heard too many rumors to just ignore it.

Rumors suggest Microsoft Gaming plans a large workforce reduction. An anonymous post on Blind claimed 15% of gaming staff could be cut. The post indicated a potential announcement date of May 6 or June 5. This speculation follows a company-wide hiring freeze and leadership changes. New CEO Asha Sharma recently took over, succeeding Phil Spencer.

https://www.invenglobal.com/articles/21161/rumors-swirl-of-15-layoffs-at-microsoft-gaming

Anyone has any hints about what this year will bring? Do they plan second round of layoffs after Q1/Q2 results?

Even the cheese did not stand alone this week.

Brady buying PSS??!! What the he-l !!!

ODW is not the needful. Many jobs will be roasted. I've told you.

Word on the street from a credible source is that tomorrow they will announce the location cuts and on Thursday is when the top 10% highest base pay employees will receive their severance email.

Never understood why they make their cuts based on pay, when your top performers are the ones who are paid the most for a reason.

Alright… what is “Project Panda” and why is it suddenly the worst-kept secret?

Something tells me something major is coming.

May 5 or June 6. This will be huge.

Did we hear anything new on potential May cuts? Or has that rumor been debunked?

You hear first here

7% to 9% headcount reduction expected to be announced August 12, 2026.

Is this correct?

Rumor execs driving down stock price and cutting employees by 25%+ to sell the company in pieces

Anyone hear anything about cuts in AML?

Check out this video, "uhg moving hq"

https://youtu.be/v0ll2Y2tp1I?si=FDd9GBQuyn6YnHo-

There are some high profile visitors to the Edinburgh office this week. Is it to announce the location is closing? What could be the reason to visit a site with less than 50 people in it

Starting the 26 lay-off thread
Rumours they're coming in the next few months.. more operational efficiency/do more with less (more with AI)

Is there any information on the potential sale of the ACVS business unit? It was published in Bloomberg over the weekend, nothing has been stated internally yet.

A few weeks ago someone posted a rumor about an upcoming reorg in New England and OPW. Can we get an update?

This notification confirms your on the list. This gets installed 10-15 days before layoff.

Does anyone know why best of belk is so hush hush.??

Does this mean Robbie "I look mahvelous in my hoodie and sneakers" Thomas soon takes over to be IBM CCO (Chief Cheerleading Officer)?

https://www.zillow.com/homedetails/96-Norrans-Ridge-Dr-Ridgefield-CT-06877/57345758_zpid/

the volume of posts and replies on here rises like a tsunami

HR and execs behind closed doors...

Hmm...

remember when it was "rumors" last month and a company spokesperson denied it. shameless

Hearing credible rumors from multiple sources this week that YL has set a target for functional cost to be cut 50% by 2030 from 2026 levels. Meaning all current reorgs are only a stepping stone cost cutting measure to be followed up in 2028/2029 with another round equally as deep. Please share what you know. promoted this year, feeling a bit vulnerable now.

They'll be laying people off left and right anyway. Sure, some people they might want to keep could leave first. On the other hand, it's not as if they've been working hard on talent retention. The only way it wouldn't make sense is if they've been planning to ramp up attrition. That wouldn't be a shocker, really.

Or are we done?

Hearing rumors the deal is closing in the coming weeks, that T sold AT&T Mexico to Televisa (Izzi telecom division ) , Televisa is like Cablevision in Mexico they have both media and a Telecom arm (Izzi) . Curious if anyone knows any details and specifically how much it sold for considering it cost $4.3B in 2014-15 to acquire Nextel and Lusocel

Next week or the week after? Anyone have credible info? I thought next week was unlikely given all the planned events, but now I'm hearing they might happen anyway.

I’ve talked to multiple people and all of them are hearing that Trew is buying IGS.