Amanda Goodall
@Amanda_Goodall
Founder, Goodall Research. Capital, the people behind it & the companies it moves. New: Layoff Desk ↓ I watch which corporate narratives are about to break.
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$CMCSA Comcast LAYOFFS 1,000+ cable and broadband jobs. We knew this was coming for weeks.
But Comcast now admits some cuts fell below the threshold for filing layoff notices. So the real number is bigger… they just won't say how much bigger.
On Oct 29 my Comcast source told me they were keeping people on to year-end to avoid WARN.
On Oct 23 I said I expected 5,000 to 10,000 job cuts.
A $1 billion charge for just 1,000 jobs? Rather expensive math.
Keep watching for more to be announced
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$CHTR Charter is heading into a cuts-and-reorg cycle. My read: 1,000–3,000 jobs eliminated or left unfilled over the next 18 months.
The workforce is already thinning in engineering and operations. Now Charter wants $2B in savings by killing projects, stripping out management layers and squeezing vendors.
Frontline roles aren’t targeted… but Cox calls are moving to U.S. staff with no added headcount. The CCO and CMO are exiting as well.
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$WU Western Union Workforce Reduction: More than 500 FTEs reduced, plus a voluntary retirement program expected to accelerate nearly 150 full-time employees' retirement before year-end.
$FI Fiserv stated that 3,000 employee and contractor jobs were gone since June, senior management cut more than 10%.
They just doubled the savings target to $1B, and the stock jumped 9.5% premarket.
Wall Street is paying for headcount cuts. Expect more job cuts.
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Underemployment went UP, to 42.5%.
More grads are working.
Just not in jobs that need the degree.
College might be cooked.
$MSFT offers 60,000 employees a voluntary exit.
60K Y’all!!
First time this has ever been offered at Microsoft and it will affect employees in India, The United States, Canada, and the UK at level 70 or below…
Employees find out in a few hours if they are being targeted for this.
This just makes me think that H127 layoffs sound intense. Is this a pre-layoff round?
Also makes me wonder if they changed some scheduled layoffs due to be called out by @VP. Peace offering? 🤔 Timing is just interesting.
More to come.
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