#cuts

So we get a whooping month and a half of reprieve before this continues?

Dear Dan. I was impacted in this round, and I don’t believe it was the right call. The people doing the hard, honest work — on the ground and in the offices — are getting cut, while others who don’t reflect the Verizon credo and haven’t put in the same effort are protected simply because of who they know, not what they do. Executives hold a lot of power in these decisions, and right now that power isn’t being used fairly. If you want to understand what’s actually happening, spend time with the people doing the work — not just the people around you who read off a deck to give you an update. Only then can you make real decisions about who and what should be cut. When executives are given unchecked power, too many will protect themselves and their friends first. I’m saying this directly because someone should. The people you’re losing are the ones who made this company run. And the so-called strategist leaders who remain still haven’t delivered a single fresh or new idea. Dan, and the executives still there — I hope you’re listening. At the end of the day, the truth always comes out. This plan of cutting is a calculated way to bring the stock prices up, but will fail in the long run. AI can’t replace humanity and integrity. I understand cuts, but not like this. Sincerely from an honest real ✌🏼teamer.

Company will be cut in half in 30 days

Any layoffs confirmed for Verizon Business Group?

Citi logged about $800 million in severance expenses in the first half of the year and may set aside more for the second half, executives said Tuesday.
The New York-based lender had about 219,000 employees as of the second quarter, down about 5% from the year-earlier quarter (230,000 employees), and about 2% from the first quarter (224,000), according to a second-quarter earnings presentation.
“We may look at accelerating some of the structural efficiency actions and, in that case, take more severance in the second half,” Citi CFO Gonzalo Luchetti said during a conference call with analysts, declining to provide more detail. “If we see opportunities, we may do a bit more than we originally envisioned.”

What’s up with the story about a liquid selloff in Dell over the coming months?

Please let us know if you know which areas are getting hit and how badly.

Huntington Bank will close thirteen branches across Michigan. The majority of these closures will occur on August 28th. Two specific locations in Troy and Traverse City will close in November. The bank stated these decisions are part of regular network reviews. Huntington Bank will continue to operate a significant branch network in the state.

Detroit, Michigan

https://www.detroitnews.com/story/business/2026/07/13/huntington-bank-to-close-13-michigan-branches-several-in-metro-detroit/90906653007/

Governor Maura Healey has proposed legislation to allocate an additional $100 million to local school districts. This funding aims to mitigate teacher layoffs and other budget reductions experienced by many communities. The money will be distributed based on projected student enrollment for the upcoming academic year. Funds are derived from anticipated revenues generated by the state's Millionaires Tax. This proposal requires approval from the state Legislature.

Boston, MA

https://www.bostonglobe.com/2026/07/15/metro/healey-legislation-provides-100-million-to-massachusetts-schools/

The United Way of Central Maryland is experiencing a significant financial deficit of approximately $3 million. This shortfall has led to the layoff of 20 employees, representing 11% of its staff. The organization is also behind on distributing promised grant payments to local nonprofits. These delays are attributed to cash flow challenges and reduced pandemic-era funding. The nonprofit expects to resolve all outstanding payments by the end of the month.

Baltimore, Maryland

https://www.thebanner.com/economy/united-way-central-maryland-grant-payments-4ZUWHNFCD5EZ5IBCTXIIIJRD3E/

I didn't take the VSP benefits package. So when do I find out or when do they do those cuts.

Company’s market share will be cut in half fast

the whole thing su-ks and it has been going on a long time. heard rumors that it is mainly going to impact frontier any thoughts on that?

Budgets cut to bare minimum, even less than stores like ROSS, TJ Maxx, Marshall’s, Bealls, and Burlington

It May be the worst in the retail industry

I'm wondering when we'll shift back to growing the business instead of just cutting people. I know the answer is probably "never," but a guy can hope.

I keep hearing that future severance packages might get cut. Is that actually likely? The current terms seem reasonable to me.

I'm trying to find out if we're looking at cuts in August. Anyone hear anything?

I'm at my breaking point. We're constantly losing people, never getting replacements, and the work just keeps coming. It's starting to feel hopeless that things are ever going to improve.

Procter & Gamble is planning to eliminate up to 7,000 non-manufacturing positions by fiscal year 2027. This significant workforce reduction is intended to help the company manage increasing tariff costs and streamline its operations. The cuts will primarily affect office and support staff, not those involved in production or factory work. This strategic move aims to improve cost productivity and maintain margins amidst external economic pressures. The company will focus on redeploying savings into growth, brand building, and innovation initiatives.

https://finance.yahoo.com/markets/stocks/articles/procter-gamble-pg-plans-7-190737889.html

Meridian HealthCare has discontinued its detox services program due to financial difficulties. The organization cited reimbursement challenges as the primary reason for this decision. While other services remain unaffected, some staff from the detox program have been reassigned, and others were laid off. The CEO stated that all current patients in the program are still receiving care. Efforts are underway to secure alternative services for indigent individuals in recovery.

Youngstown, Ohio

https://www.wfmj.com/news/local-news/youngstown/meridian-healthcare-eliminates-detox-program-citing-cost-challenges/article_40c9c45e-40bc-4c76-90db-55c2e1a079aa.html

Chicago Public Schools has announced layoffs to address a significant budget deficit. District leaders stated that these reductions were implemented after exhausting other cost-saving strategies. The layoffs are expected to save approximately $18 million. This decision comes as the district faces a $732 million budget shortfall. Further details on the number of affected employees were not immediately available.

Chicago, Illinois

https://www.cbsnews.com/chicago/video/cps-announces-layoffs-in-attempt-to-close-732-million-budget-deficit/

Bay City Public Schools is considering eliminating two teaching positions. This decision is part of an effort to match staffing levels with student enrollment. The school board will vote on the matter on July 13th. Superintendent Grant Hegenauer stated the move is for financial responsibility. The district aims to protect classroom experience and avoid deficits.

Bay City, MI

https://www.mlive.com/news/saginaw-bay-city/2026/07/possible-teacher-layoffs-on-the-agenda-of-bay-city-public-schools-board-meeting.html

Placentia's City Council has opted for spending reductions and layoffs to address a $1.5 million budget deficit. This approach differs from neighboring cities that utilized reserves or hiring freezes. The council prioritized basic services like infrastructure and public safety. The budget was balanced through various cuts, including two layoffs and reduced landscaping. Despite balancing the budget, significant underfunding of road maintenance remains a concern.

Placentia, California

https://voiceofoc.org/2026/07/placentia-uses-spending-cuts-and-layoffs-to-close-budget-deficit/

We all know the 7/16 day.. with CXO likely to be impacted.. does anyone have any insight in what deaprtments within CXO will be impacted.. Care, Tech, Bilingual or Case.. or all in some shape or form??

Any information?

I know there were deep cuts of talented people even younger engineers. From my time there, I recall there were already many positions that hadn’t been back filled.

If you want to know who to let go first, just scan your team’s LinkedIn activity. The ones with zero meaningful deliverables yet constantly posting generic AI-generated slope are telling you everything you need to know. They’re not building value; they’re performing visibility. Cut them.

Any word on the scope of the cuts happening this week?

As we all know, the job market su-ks. If Verizon's objective is to get rid of the high paid workers, at some point will they just ask us to take a pay cut to keep our jobs. I know this will be an unpopular post, but its better to pay my bills at a lower salary than to get laid off and get nothing. Would you take say a 15% paycut?

Yes or no?

NA Pre Sales, my Q4 bonus is down over 60% Year over Year. Down well over 100% compared to prior fiscals. they work you to the bone. No raise in 4 years. What are other Q4 like?

The people that sit behind me were told to be prepared for an October notification. The impacted headcount would mirror the June surplus. No way to verify the accuracy of this report. My manager said she hasn't heard any speculation coming down. Anyone heard anything specific?

Anyone heard about cuts in wealth ? Lot of grade 8 will become 7 and many clue less grade9 will let go

Rumor of 6k more unlucky souls next week. Could it be?

Lumen Technologies has confirmed significant layoffs impacting its Global Partner Solutions team. Approximately 90 employees were affected by these cuts, which occurred early this month. The company stated these changes are necessary to align its workforce with evolving business needs and strategic priorities. This marks the second major layoff for Lumen this year as it shifts focus towards network-as-a-service offerings. The company is prioritizing AI infrastructure and deemphasizing legacy products like voice services.

United States

https://www.channeldive.com/news/lumen-confirms-cuts-to-commercial-organization/824897/

Expect layoffs August 3rd!

Any truth to this?

Just advice to decision makers lurking, cut directors that are useless instead of cutting low paid employees getting the job done…. There you go saved you some consultant fees.

RAP going away sounds like generic cost cutting to me. But losing all of your vacation at the end of the calendar year just means it’s far cheaper to lay people off in Q1 2027.