#cuts

Entertainment conglomerate Walt Disney plans to cut up to 1,000 jobs. Most layoffs are expected in its marketing division. These job cuts were initiated before March. They will impact less than one percent of the company's total workforce. A newly appointed chief marketing officer is consolidating operations to reduce costs.

https://www.ibtimes.co.in/disney-plans-1000-job-cuts-most-layoffs-likely-marketing-division-report-900791

Whats that new Reporting and Data leadership launching on Jun 25th. Are they trying to consolidate all reporting team?
Is this another way to reduce people?

Hearing lots of rumors about upcoming VCG layoffs. Does anyone actually know what’s in the pipeline? What percentage of the workforce is expected to be impacted, and which departments are likely to be hit the hardest?

OtherSide Entertainment cut 17 jobs. This followed the cancellation of its Argos project. The studio deemed the game unviable in the current market. The job cuts took effect in late May. This reflects ongoing industry pressure for even veteran studios.

https://gamedev.net/news/otherside-entertainment-cuts-17-jobs-after-argos-cancellation-r4009/

Hillsborough County commissioners discussed a proposed property tax reform amendment. The amendment could reduce county property tax revenue by $367 million annually. This loss may force staff layoffs, wage freezes, or increased fees. County services like parks and libraries could also face cuts. Florida voters will decide on the amendment in November.

Tampa, Florida

https://www.fox13news.com/news/hillsborough-county-commissioners-discuss-impacts-proposed-property-tax-reform-including-layoffs

I've been hearing more people talk about upcoming layoffs and I'm dreading the idea of waiting around hoping I make it through another round.

Are these allegedly ongoing cuts legitimate, or are a few residual managers getting axed and people are panicking?

After yesterday's 10% cut I can't help but think that all we are to this company are chickens saved at the sla-ghterhouse. We are good until the next round but at the end of the day we are still chickens.

Please be careful with how specific you are on here, especially about “inefficiencies” or even confusion in your areas. Some of the recent comments feel like fishing attempts by the people who are trying to cut staff.

Keep it general enough to stay safe.

PS. I set out a Pennies for Penny jar by Trailblazers. She needs our help!

Ferguson officials face a significant budget crisis. The city plans to cut $2 million and eliminate 12 jobs. Eight positions are layoffs across six departments, including police and fire. Officials are considering asking voters for new sales and property taxes. Years of dipping into cash reserves and rising operating costs caused the financial strain.

Ferguson, Missouri

https://www.stltoday.com/news/local/government-politics/article_4235342a-6ccd-4e76-a8db-72b4948450b9.html

Will there be any more layoffs before the month ends, or are we safe for a couple of weeks?

Should we worry that there are more cuts today after all? Could he be wrong?

Barstow intermodal gateway project approved for construction according to media, so in less than 5 years when new contracts come up for bid, Barstow current facility and Shepherd going to be closed down, with resources shifted the same way the did in Interbay to Vancouver, transcon traffic will increase but facilities like Houston that require annual repair are going to be scabbed out to RJ Corman like Pearland. That’s why there is no more mechanical facilities other than Temple from the coast to Tulsa, and seniority wise Houston is almost at 20 years to hold in TY&E

Next layoff is soon!

We have a TON of VP layers, some of which have no true direct reports. Why not start cutting there and leave the ICs (who actually DO the work!) alone? This company is severely top heavy. That’s where they should look to cut first.

hearing a rumor that norfolk and mas could see cuts late june or july. any truth to this or just noise?

Are we making major cuts in these areas too? Things are falling apart and getting nasty! The bathrooms are especially rough! I know when morale gets bad the bathrooms take a beating!

When will invites for July layoff happen ?

eBay plans to lay off 639 U.S. employees in 2026. WARN notices revealed these workforce reductions. During the same period, eBay filed for 429 H-1B visa hires. This coincides with strong business performance reported by the company. The situation reignites debate over the H-1B visa program's use.

https://americanbazaaronline.com/2026/06/16/ebay-layoffs-coincide-with-new-h-1b-hiring-482950/

I keep hearing about this bloodbath..any idea what/where/when ?

Everyone knows what's going to happen when the dust settles: Everyone left will be extremely overworked and not compensated for it. People will make $20 an hour and do the job of three people. We're just cogs in a massive machine.

Will there be layoffs in RCS ?

CACI Inc. will lay off 75 workers. The software company is located in Millington, Tennessee. These permanent layoffs will begin on August 1. The company filed an official WARN Notice. This notice was submitted to the Tennessee Department of Labor on June 8.

Millington, Tennessee

https://www.actionnews5.com/2026/06/16/75-workers-impacted-contractor-announces-layoffs-millington-naval-base/

post below has been copy pasted from Reddit, but sounds legit - sneaky and underhanded enough for Citi - because nothing, and I mean nothing, is below Citi's dignity as a firm. And the Big 4 consulting firm in question? Very likely PwC, the alma mater of some high up leaders at Citi. Or maybe EY

Post Source:Reddit

Ex Big 4 employee here. I hate to say it but more cuts are coming. I can’t say which Big 4 firm specifically, but this firm and bank have a model where Big 4 firm finds and hires the offshore India resources, proceeds to train them for certain bank roles and then essentially offloads those resources to bank’s books if bank ultimately decides they want those resources. Bank then lays off those in roles that the offshore resources were trained on and replaces the laid off employees with said resources while using “AI developments” and “economic conditions” as the final excuse. For them, it’s a great deal. Cheap resources they didn’t have to find, onboard, and train themselves while paying a structured fee to the Big 4 firm that bank gets to write off. Cheap and easy but certainly controversial. Also just inherently wrong. Bank will eventually realize that these offshore resources actually su-k and the quality of work is so bad that it will only create more work and operational constraints. Remaining employees in hard hit areas will have to manage and deal with the headache of these offshore resources while taking on greater workloads. 1st line is likely the most insulated from this. Anywhere else, best of luck. Sorry.

Does anyone know who would be laid off from this restructuring the company is going to go through?

Surgical layoffs coming in August after secret post-op analysis is completed of current AI and offshoring initiative. Not mass cuts but not small either. Please make sure you have 6 months of pay (gross) in a savings or money market account for your emergency fund. You have been 'WARN'ed.

They getting many cuts?

Announced today, good luck to those remaining…

I hear 50% cut of this experiment. No need for bloated central team in asset model.

Small, big, who even cares anymore? Welcome to the joys of being employed at Verizon!

Does anyone actually enjoy working here anymore? I used to like my job but now it's not worth it. The pay is not keeping up and management is even worse. Don't even get me started on all the cuts.

Get ready! Plan ahead talks of big cuts coming this fall. Mostly to mechanical shop jobs.

https://www.bizjournals.com/philadelphia/news/2026/06/12/jbs-montgomery-county-closing-layoffs.html

Surprise, surprise!

The EC goal with this year's annual planning, will be to cut to the bone. The internal transformation is not going fast enough to keep up with competition, so internal development efforts will be severely cut. Why invest in outdated and undocumented infrastructure? The cost savings will be used for sourcing the needed functionality outside.

It will be a sad Christmas for many!

During open enrollment last year, HR announced that the company would discontinue our previous mental health plan (Chevron Mental Health and Substance Use Disorder, MHSUD). This change meant that employees and their dependents who were receiving behavioral health benefits via MHSUD would be forced to obtain mental health coverage via one of the medical providers that we selected (Kaiser, Anthem, Cigna).

The HR email alerting us about this change very casually claimed that “the kinds of behavioral health services covered will generally remain the same” and that “costs may change.” Well, that was quite THE understatement!

I find it truly unconscionable that our ELT, who obviously had to have been presented detailed cost impact scenarios showing the devastating impact to employees, willingly chose to implement this significant reduction to our mental health benefits. And they did so knowing full well that people would be struggling even more as a result of the layoffs and reorg.

Since not everyone might have a need for these benefits (consider yourself fortunate), allow me to paint you a picture of the shocking financial impact that our family is facing.

We have the Anthem PPO. I originally called them to find out the per-session fee for this year. They initially stated $0 copay or coinsurance. That did not seem possible, as we used to pay $13 per session last year through the MHSUD plan. I called back, and Anthem stated that our cost would be 40% of the billed rate.

Assuming a weekly session, below is a cost comparison of old vs. new coverage:
— MHSUD cost = $13 x 52 = $676 per year
— Anthem cost =
— $1,000 deductible (we had not spent anything towards the deductible); this covers 100% of our out-of-network therapist’s fee for ~7 sessions at roughly $152 per session
— for the remaining 45 sessions this year, we expect to pay 40% of the therapist’s $152 fee; therefore a total of about $2,750
— that makes our total out of pocket expense for mental health benefits this year ~$3,750
— that is an increase of ~$3,074 (over 455%!!!) vs. the $676 under the old MHSUD plan

My question to MW and whoever else was involved in this decision is how can you possibly justify so callously reducing your employees’ mental health benefits and so drastically increasing their financial burden? Have you NO shame or compassion or, at a minimum, any interest in keeping your workforce mentally healthy?

We’re not talking about frilly perks here. This is MEDICALLY NECESSARY care. Mental health benefits are CRUCIAL in some cases to keep people from inflicting self-harm and possible su----e.

I am beyond disappointed in this company and its senior-most leaders. Somewhere along the way, greed took hold, and for the sake of shaving a few million off CVX expenses, you abdicated your responsibility towards the human beings you employ and their families.

To think that anything will change because of this post is utterly pointless, I know. I feel better at least having documented this egregious display of callousness from MW and the entire ELT. It might be good for all of us to remember that mental disease does not discriminate. Someday it might be you or one of your family members to suffer a mental health crisis. Ask yourself: are you proud of MW’s behavior? Do you feel his and the ELT’s decision about our mental health benefits is justified?

All the hype about heads rolling today in Boston and Everett - any cuts or was it all talk?

Will there be more cuts next week?

I'm trying to stay informed but I haven't seen anything solid.

Thats gotta be a great sign huh? Losing billions, needing to cut prices, and pushing a desperate hail mary IPO.

If we are saving humanity and curing cancer, why are they cutting prices before even figuring out how to make a single penny in profit?

https://www.instagram.com/reel/DUu3O7YkxMO/?utm_source=ig_web_copy_link&igsh=NTc4MTIwNjQ2YQ==