Does anyone know if this is actually happening and how big it is?
18 replies (most recent on top)
@OP it's happening. Have contacts in BR. Retail getting hit hard. Glad I'm in SW.
@b2 yea get that d-mb tw-t out of here asap.
but AI tokens are expensive and the cuts don't move the stock price..... why not just get rid of the special advisor position? that is in the millions....
Don't forget they get CHROs salary off the books for July 1
@am I hope they get a good price for the ping pong table and coloring books at the lake mary garage sale. Need to return that value to the shareholders.
@am What do you mean "gradually phased out"? I work there and haven't heard anything about this.
For what it's worth there's a large meeting with leadership in Wayne on July 13th and 14th
First the Dow removal, now a $350–450M restructuring charge. Those aren’t signs of a company that’s done reshaping itself. Whether it’s 2,000 or 4,000 people, I’d expect another meaningful round of RIFs before this is over. So pucker up and go long and deep in those shafts !!!
lake mary to be gradually phased out
A relatively small one appears to be in the works. Like essentially every other month.
The charges posted in the VZ filings are for the layoffs announced in May. They are the payouts that have already happened or are committed for that (and yes, that layoff was bigger than the 'a few hundred' parroted by a lot of folks)
The 350-450 million is already charged for q2, those are employees who have been paid severance before the end of the quarter. If there’s a rif in July, the size and scope are speculation, care of the fear mongering
what about retail? affect retail?
@a2 - clearly you don't know how to read the 8k. That is a CHARGE of $350-450 million taken against the business to pay severance. Now, that number would map out to a RIF of about 3k people assuming roughly $150k in payments to RIFd employees. What's interesting is that they're taking the financial hit in Q2, which ends in 2 days. I don't think that many folks were RIFd this past quarter. But, to put this number in context, and compare to Sla-ghterhouse 25,
November 2025 (Q4 charge): $1.6B – $1.8B
Q2 2026 (announced): $350M – $450M
The Q2 2026 charge is roughly a quarter the size of the November 2025 action, suggesting a second, smaller round of workforce reductions on top of last year's major restructuring.
Either way, BOHICA mates.
Any word on the severance details?
this will be director-heavy. confirmed by reputable sources
@OP YUP!! Bye,bye. Gonna be the greatest one yet
Look at 8K released today, 350-450 millions will be saved through continued reduction in force. Roughly calculated 2500-6000.
Yes, and huge.