#cuts

What companies will letting go of employees the first quarter of 2026?

Inquiring minds want to know.

January layoffs will be massive. Especially in GD where expected cuts in workforce will be between 20 to 30% from each teams. Mostly ranging from A2 to AVP level.

https://arizonadigitalfreepress.com/wells-fargo-expects-more-job-cuts-will-roll-out-ai-gradually-in-2026/

I am close to retirement, but constant cuts have made every day feel uncertain. I can’t believe that the final years of my career will be constant stress and anxiety about cuts. Getting through that will be harder than it should, but there ain’t much I can do about it.

Knowing the management excellence and expedience, and the fact that there was no real plan beyond merciless cuts, who knows how long it will take for the dust to settle and for there to be even a semblance of an organized workflow. My team is already feeling the pain, and it’s only going to get worse in the coming months. We were stretched thin to begin with. It certainly didn’t help that they somehow managed to get rid of the very people who actually knew what they were doing.

FuelCell Energy Sees Revenue Increase, Cuts Staff

FuelCell Energy announced increased revenue for its fourth quarter. Quarterly revenue rose 12% to $55 million. The company also disclosed significant workforce reductions. The workforce was cut by approximately 28%, totaling 424 employees. These measures aim to reduce costs and focus on core technology. Loc: Danbury, Connecticut

https://hartfordbusiness.com/article/fuelcell-energy-posts-4q-revenue-growth-details-restructuring-and-layoffs-in-annual-report/

Red Lobster is laying off less than 200 restaurant-level employees in an effort to streamline operations and set it up for long-term growth.

The “targeted” cuts represent less than 1% of its workforce, the company said in a statement to Restaurant Business.

https://www.restaurantbusinessonline.com/workforce/red-lobster-lays-about-200-restaurant-employees

This is about the time LPL announces their annual holiday round of layoffs…

Anyone cut today !

Asked my manager as a follow op with the 401k going down and what other total compensation costs there are projected to be in 2026. She was surprised that barely any people were asking about that, granted the area I work in is basically all women of the older demographic. Do a lot of the people just not care with all these cut’s happening?

A round focused on middle management and across the organization.

Srini/CEO did imply things would settle down by March, 2026.

This sounds a lot like a Verizon cutbacks which are contributing to this current trend. November and December cuts will likely be no better.

Job cuts surge in worst October layoffs in 22 years.

Nov. 10, 2025, 12:47 p.m. ET

Propelled by cost cutting and the growing adoption of artificial intelligence, employers slashed more than 150,000 jobs in October, the largest wave of layoffs in more than 20 years, a report from Challenger, Gray & Christmas said Thursday, Nov. 6.

Seeking to cut costs, technology companies shed the most jobs, followed by the retail and services sectors, the outplacement firm found. Amazon, UPS, Microsoft and other firms have recently announced layoffs.

In what could be another sign of a softening labor market, October layoffs jumped 175% from a year ago to 153,074, the highest level since 2003, Challenger, Gray & Christmas said.

"Some industries are correcting after the hiring bo-m of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes," Andy Challenger, chief revenue officer for Challenger, Gray & Christmas, said in a statement. "Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market."

Job cuts so far this year have soared to more than 1 million, a 65% increase from last year at this time, driven by what Challenger, Gray & Christmas called the "DOGE Impact" – mass reductions to the federal workforce and government contractors as well as the loss of federal funding to private and nonprofit entities.

Year-to-date layoffs have reached their highest level since 2020, when there were more than 2 million job cuts through October. This has been the worst year for announced layoffs since 2009, Challenger, Gray & Christmas said.

Challenger, Gray & Christmas said it was surprising to see such a large wave of cutbacks in the fourth quarter, when firms typically shy away from announcing layoffs.

What’s more, more companies announced job cuts in October, Challenger, Gray & Christmas said. The outplacement firm tracked 450 plans to cut jobs, up from less than 400 in September. That tops March, which saw the largest number of job cut announcements at about 350.

"At a time when job creation is at its lowest point in years, the optics of announcing layoffs in the fourth quarter are particularly unfavorable," Andy Challenger said.

With official data gathering suspended during the government shutdown, investors are paying close attention to data from private sources like Challenger, Gray & Christmas to understand what is happening in the labor market.

Federal Reserve officials have expressed concern about the job market and the central bank has lowered its benchmark interest rate twice since September. The move brought the Fed’s benchmark interest rate down to a range of 3.75% to 4%. Some economists think another cut could come at the Fed’s December meeting, though Federal Reserve Chair Jerome Powell has said a third straight reduction is not guaranteed.

Labor market watchers downplayed the Challenger, Gray & Christmas report, saying the firm has historically been a "poor predictor of future labor market conditions."

"But against the backdrop of a low-hire labor market this bout of corporate job-cutting does represent a bigger labor risk then the 2022 tech layoffs, when these workers were quickly scooped up by other industries," Vanguard said in a statement. "However, we ultimately expect that persistent labor supply constraints over the next three years will help offset the unemployment impact of cyclical and technological pressures."

https://www.usatoday.com/story/money/2025/11/06/october-job-cuts-surge-worst-layoffs/87127775007/

Was presented with a red folder and escorted off North Belt Campus this morning. I worked as an advisor in Technology for many years. Sadly, I knew this was coming. Projects for next year have been frozen. I've been battling to get approvals just to order a few $ worth of parts for the project. Pretty sure more people will disappear. I now understand some other post saying that Winter is coming. Thank you for the Xmas gift HAL! Best of luck to y'all.

For those that have to go to hubs, I’m curious to know what exactly is on that email sent to remote folks today? Are you getting a reduction in salary? Is that even legal?

Everyone's got their own experience and everyone's heard different things, but our union rep told us that Mastec has been pretty good at communicating (much better than Optimum when we organized), and that "Mastec is more union friendly than Optimum" so "it might actually work out better for you guys"

Apparently IBEW has a few contracts with Mastec already.

Anyone else's union reps say anything similar?

Yeah, grain of salt, but also it's a low f-ing bar to be more union friendly than Optimum.

On the other hand, CEOs and execs make millions by eliminating entire departments, and nobody does a GD thing about it, so what can we really expect?

none of this would have happened in the first place. I’ve been here for more than ten years, and every round of cuts, reorgs, or leadership changes I’ve witnessed has been about shedding competence while retaining or promoting failure. There have been exceptions, but they are so rare they only prove the rule. When that’s how decisions are made all the way to the top, even major bloodletting is not going to produce the outcomes leadership desires.

In 2020, Bloomberg reported that Ben took home a total compensation of 6.74M dollars and NO BONUS.

In 2025 Reuters reported Wael’s pay starts at 11M dollars PLUS 9M bonus. For a sweet total of 20M for the same strategy of cut costs and layoffs.

I’ve been hearing this date mentioned frequently. Can anyone confirm?

What positions wil be the first to be cut in stores early next year ?

I’m hearing H.R. and asset protection? Is this true?

"We will be transparent with you and have announcements to make after the holidays": the only kind of news you would want to hold back in this context is layoffs, further leadership changes, or both.

More rifs announced effective 1/31/2026. This one is even bigger. Billing is losing like 60 to 75% of its employees

PepsiCo is reportedly preparing for job cuts, with layoffs potentially announced as soon as this week. A key indicator is the company's instruction for employees in some major North American offices, including its headquarters, to work from home. These potential changes follow a memorandum from PepsiCo outlining initiatives to enhance shareholder value, focusing on organic revenue growth, productivity savings, and improved operating margins. These strategic shifts are widely interpreted as a response to activist investor Elliott Investment Management's demands for cost reduction and operational efficiencies. While no official layoffs have been announced, PepsiCo executives have used the term "right-sizing the workforce," which often refers to job eliminations.

https://www.inc.com/fast-company-2/pepsi-layoffs-job-cuts-pepsico-right-size-workforce/91279159

Oshkosh Corporation to Lay Off 160 Plant Workers

Oshkosh Corporation plans to lay off employees. A total of 160 plant workers are set to be affected. The layoffs impact production areas at the Oregon Street plant in Oshkosh. The company reported a $52.8 million decline in third-quarter sales. Union leadership also cited the loss of a military contract and USPS truck production in South Carolina.

And no, AI will not save the day. Even if it could, why would any of us, actual human beings who need jobs, be happy about that?

Anyone surprised?

Amazon is laying off 370 employees at its European headquarters.

These cuts represent about 8.5 percent of the workforce at that location. The layoffs primarily affect software developers as AI increasingly handles coding tasks. Amazon cited "business needs and local strategies" as the reason for these adjustments. This move follows broader company-wide workforce reductions and a deeper embrace of AI.

Heard there is a major cut to the PMIC in SD. Is that true? Which teams?

The state Department of Labor reported potential layoffs affecting 832 employees at a school bus yard in Mount Vernon and 885 more in Brooklyn.
On October 20, Pride Transportation Services Inc. informed the state of its plans to permanently lay off 1,717 workers at the two sites by the end of October. The notice was made public on December 10.

https://westfaironline.com/courts/mount-vernon-bus-business-signaled-832-layoffs/

I have a sinking feeling that a big layoff is coming to Splunk.

Looking back, it seems that fewer people were cut this year compared to recent ones. Yes, there were layoffs, but not as many as last and previous years. Curious if others are seeing the same thing.

Seeing posts about great people being let go. Who were they? Were they actually good or just a friendly person? Looking for any themes for who gets cut

The estimate for 2025 is around 10K jobs cut in total. We can only assume WF will stay the course in 2026, or more likely, things will get even worse. Keep your resume updated and try to skill up in the meantime, though I’m not convinced skills even matter anymore, given how disproportionately WF has been letting go of skilled and competent people. Never take your eyes off job opportunities. The market is already tough, and it’s likely to get tougher.

We’re in for a rough ride, and we all need to think about ourselves and our families first. Every time you feel the urge to work more or harder, stop and think about better ways to use your time and energy. You can be jobless overnight anyway, and being a good worker bee won’t save you.

Title. Drop deets if you have any.

Discussing a 10% workforce reduction in non-client-facing departments.

• Whatever goes around comes around - "It's the kind of advice the firm might offer one of its clients, and comes after headcount exploded between 2012 (17,000) and today (40,000). " Enough said !!
• "The advisory model is dying - consultancies would increasingly need to underwrite outcomes rather than bill hours" .. Duh !
  https://www.bloomberg.com/news/articles/2025-12-15/mckinsey-executives-plot-job-cuts-in-slowdown-for-consulting-industry

I bet they shared this news when they did so they could get rid of a wave of rage-quitters before they hand out their “ever-so-gracious” 1k bonus in January. I know at the end of the year it’ll all even out, but it’s still such cr-p that our paychecks will be shorter on that first check, even with the bridge advance, due to the higher supplemental taxes.

Chubb plans to cut workforce massively thanks to automation. Is AIG going to follow? We have cut a lot already but automation isn't our cup of tea for now, let's be real. Can we compete in the market with our present level of costs? I wish good luck and happy Christmas to everyone, I hope 2026 will be ok.

Will you be on the naughty list ?

Every time we go thru these reorganization of markets and job, All they do is run lean and assign more work to their employees who are already overworked, stretched thin and under paid. They never give any more compensation for the extra work and when you call the speak up line, nothing ever gets done. What a joke this company has turned into. You want to cut the fat, Cut all the fat from Ram Krishnan and his entourage who spent hundreds of thousands dollars travel the world like he is running for president. He has done absolutely nothing good for the company!!!! I can think of past leaders who didn’t travel and had a bigger impact than this joker. We have to many layers of management in the facilities and nobody holds ANYBODY accountable. Cut the extra layers and have plant directors who hold people accountable and maybe we can get this company back to number one. Maybe if they actually talked to real people in The round table meetings and not their staged puppets, they would get real talk with real issues in the facilities. This used to be a great company and people carried but now it is a joke and we come just for a paycheck. Turn it around, get employee involvement and get us to actually care again and we can make it great.