#cuts

75% Red Badge cut in CX centers. Delivery centers to follow in the next 6 months. I can confirm that the CX center redbadge cut has already happened.
Cisco is planning a 15% blue badge cut in Q4-Q1 time frame.

Expect cuts across all divisions all markets coming very soon. VERY

Nobody is safe, Presidents, VP’s down the line.

Good luck all, hope you’re on the good list.

There was a time when leadership here actually cared about people over profits. I was proud to be part of it. Then things shifted and the cuts started coming, one after another, cold and methodical. The message is clear now. People don't matter. Only the money does.

Although they didn't technically have a layoff of employees and have to report anything, TD did cut significant amount of contractors (approx. 200) last week (03.11.26). . .

Since Charlie Scharf assumed command of Wells Fargo, the company has deteriorated both from a macro and micro perspective. He has laid off staff, the stock has collapsed, and he lacks leadership skills and clients have suffered. Therefore, at the next townhall meeting, a vote will be taken and Charlie should be asked to leave. Then, the firm should be broken up into separate parts and sold. Enough is enough.

Any thoughts on this unwelcome news?

It has been discussed by a few here that this could begin this March or early April. Post it here if it does.

Crystal Dynamics recently laid off 20 employees from its workforce. This reduction included both developers and operations team members. The studio explained it analyzes its structure as games advance development stages. This marks the fourth round of layoffs for the company since March 2025. The studio confirmed these cuts will not impact Tomb Raider: Legacy of Atlantis or Tomb Raider: Catalyst.

https://wnhub.io/news/hr/item-50363

WME is conducting its first round of layoffs since the pandemic. The agency is eliminating 30 positions across various departments. This reduction impacts 3% of the total staff. Several talent agents are among those affected by the cuts. Elizabeth Wiederseim and Pierre-Elliott Denizard are named as departing agents.

Hollywood, California

https://deadline.com/2026/03/talent-agents-impacted-wme-layoffs-1236759297/

This AI thing is unsustainable, however you slice it. But hey, at least the internet's having fun with Avocado sc--wup.

Any orgs or regions getting a pass?

Axios reduced its newsroom staff by 11 individuals. The cuts impacted news desk, visuals, and social teams. The company aims to build a newsroom of subject matter experts. Publisher Nicholas Johnston noted a focus on expert-driven content. This action follows earlier layoffs in 2024 and November.

https://finance.yahoo.com/news/axios-lays-off-11-newsroom-135254434.html

Seems crazy. But it's Fiserv. If true, survivors are sc--wed. Some teams are already on life support.

I haven't heard there were any more cuts today, did I miss anything or was yesterday really an isolated incident?

Good luck to everyone. I'm kinda numb at this point, but I know I'll freak out if I'm laid off.

Dan signed up for multi billion dollar transformation. 15k layoffs wasn't enough. More cuts def coming and it seems like execs are getting real with their teams and just flat out scrutinizing everything.

The Sr Directors are also lacking one of the two main key skills. 1) leadership 2) technical knowledge.

Only a handful around that can do both. Can't grow a company if u are just one.

Bumping this up for visibility. OP: @ap+1kkyyeqjg

Head for the hills

Absolutely disgusting how detached these crooks are. While continuing to RA skilled resources to execute cheaper labor arbitrage and force rank 15-20% of the employees as poor performers to pay out ZERO GDP/Raises. The Execs all received 40-50% YoY Compensation increases ... let the peasants eat cake [pizza party] Source: 2025 Shareholder Proxy Stmnt:
Arvind: 2023 Comp $20.4M, 2024 - $25.1M, 2025 - $37.99M 51.4% YoY Raise
Kavanaugh: 2023 Comp $11.7M, 2024 - $13.0M, 2025 - $18.8M 44.6% YoY Raise
R. Thomas: 2023 Comp $10.3M, 2024 - $12.3M, 2025 - $17.5M 42.3% YoY Raise
G. Cohn: 2023 Comp $9.5M, 2024 - $10.8M, 2025 - $16.2M 50.0% YoY Raise

Pay ratio
The ratio of the Chairman, President and CEO’s annual total compensation to that of the median employee’s annual total compensation is 765:1 .

The layoffs are CONSTANT. They keep them small so they don’t have to be reported. But they are happening ALL THE TIME.

This is something people need to realize and accept. There's no point in asking when we'll be having more layoffs when layoffs never really stop.

Oklahoma County officials scheduled a special meeting. They will vote on additional funding for the jail. This funding aims to prevent a massive layoff. The jail faces a budget shortfall of over $5 million. The county's Budget Board will consider covering the deficit.

https://www.oklahoman.com/story/news/crime/2026/03/17/oklahoma-county-jail-funding-layoffs-loom/89196979007/

Lane Community College faces potential layoffs. The faculty union warns up to 22 full-time instructors could lose jobs. Several part-time instructors may also be affected. Proposed cuts target multiple programs and departments. College administrators have not yet commented on the situation.

Eugene, Oregon

https://nbc16.com/news/local/union-warns-of-up-to-22-full-time-lane-community-college-lcc-instructor-layoffs-amid-proposed-program-cuts-eugene-lane-county-oregon

Less than a year after cutting 25% of its workforce, Bicycle Therapeutics is once again making layoffs. This time, the biotech is set to reduce its workforce by 30%. Because Bicycle had 288 employees at the start of 2026, this means about 86 workers are set to lose their jobs in this round of layoffs.

https://www.nbcboston.com/boston-business-journal/massachusetts-biotech-cuts-30-of-workforce-winds-down-lead-dr-g/3917165/

17 being made redundant across the UK and more expected in the next 90 days. Great reward for constantly hitting our targets.

I am hearing that there will be more layoffs on the 23rd. Some loud mouth that sits near me keeps bragging about how they are supposed to be quite. I guess he feels like one of the cool kids because they are in the loop.

Happened today, couple people disappeared after 10am. Confirmed with one of them.

This layoff round is taking a large amount of causalities. US/CA/UK/EMEA/India

Good luck to all

the bloody cuts from the end of the year aren't enough.

"For 2026, the company expects normalized operating margin of 8.6-9.2%, with the midpoint representing a 50-basis-point (bps) improvement from 2025. Most of this expansion is anticipated to come from lower overhead expenses. The productivity plan is also projected to deliver more than $75 million in year-over-year savings and reduce overhead by nearly 100 bps, as a percentage of sales. These savings will support Newell to offset inflation and higher tariff costs while supporting increased investment in innovation without compromising profitability."

https://www.crainsnewyork.com/banking-finance/cny-citigroup-tribeca-layoffs-03162026/

Baker McKenzie is closing its Tampa back-office location. This action is part of the firm's broader restructuring. The firm is moving to a remote operational model. This change means Tampa-based staff will work remotely. It follows earlier announcements of global staff cuts.

Tampa, Florida

https://abovethelaw.com/2026/03/top-10-biglaw-firm-shuts-down-back-office-location-as-restructuring-and-staff-cuts-continue/

The Long Beach Unified district faces a significant $70 million budget deficit. The district plans staff layoffs and program cuts. Parents and staff are actively protesting these proposed cuts. They seek reversal of the district's planned reductions. Declining enrollment and expiring federal funds contribute to the deficit.

https://lbpost.com/news/education/with-layoffs-set-to-take-effect-librarians-and-parents-press-school-board-to-reverse-cuts/

Timberland Regional Library will cut 61 positions. This represents 25% of its total staff. The decision addresses a $3.8 million budget shortfall. Involuntary layoffs are set to take effect in May 2026. Three additional libraries will transition to a self-service model.

Tumwater, Washington

https://www.theolympian.com/news/local/article315076371.html

Just was wondering if layoffs could start as soon as first quarter is done. Is April shaping up to be the prime month a shakedown could happen?

Until when? I've heard so many different things at this point I can't keep track anymore.

Anyone know whether it is a confirmed News that March End we will have a First rounds of Layoffs?

Master plan is to cut deep and manage by moving IDC resource to US using L1B loophole if the situation demands. Good luck folks.

Rewards are NOT learning experiences and more work... "Rewards" are actually paying employees and giving cost of living increases.

Calling it now, the ONLY people getting these "merit" increases will be leadership and sales peeps. Meanwhile the rest of us will stay stagnant and take on second and third jobs while we try and hunt for a new career in this dumpster fire of a job market.

Anyone else see the stocks that all the execs got? It's crazy that they are laying people off in different BUs, changing the variable comp goal posts, and bringing in McKenzie over and over and they still get that bonus. Are we all just happy with a job and .9 VC instead of demanding better? Feels like they are asking for unions with this BS.

Starting to hear of the March round taking shape. Know of 1 in HR. What’s everyone else seeing?

Post any high level details of what you are seeing this morning (or if you were impacted).