Verizon, Paul, Weiss, McDermott Layoffs - Small Cuts, Big Terror

 It's been a very bad kind of week for workers in telecommunications and large law firms. Call it the "Terror of the Hundreds of Cuts." Not big ones, as in a massive layoff that you see coming. No, it's the smaller kinds of terminations which can blindside. And because they can sneak up on you at any time terror can take over as a daily emotion. Good luck falling asleep and sleeping through the night.

Yahoo Finance reports:

"About six months after eliminating more than 13,000 positions in its largest-ever single round of layoffs, Verizon has confirmed a new wave of cuts totaling several hundred jobs across the country."

Meanwhile, over in professional services, Law.com reports that both Paul, Weiss and McDermott have terminated a small number of junior lawyers. The terror springs from this reality: Since those particular law firms doing the cutting are not in financial distress, doesn't that give "permission" to other law firms in a strong financial position to also do some cutting. They can proceed with terminations without raising questions about their overall financial position.

Obviously, as a coach I guide clients who are employees to be prepared for losing their livelihood. Some have already created "insurance" by operating on a stealth basis a micro enterprise. If they get cut, they can build that out.

Earning a Good Living in 2026 Involves Mental Combat. The enemy is usually your own thinking.

Complimentary consultation. No Pressure. Solid Guidance. Contact Jane Genova janegenova374@gmail.com.


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