#cuts

Fidelity pushed the non-tech to tech roles during the pandemic. Then finally someone realized it’s better to pay more for people who know what they’re doing.

Next cut will be managers who aren’t qualified and have been in their roles too long. Weak managers cost the firm too much, it’s not just one expense, but there’s a serious ripple effect.

Culture comes from the top down and when the top are filled with people that only have one brain cell, the rest of the company takes a hit.

Anything on the horizon ? I presume after March that we are clear until October ?

Call me lazy if you want, but I'm not the one who reaches for layoffs every time expenses need to come down. There are a hundred ways to save money that don't involve cutting people. They just don't want to do the work to find them. I'm just returning the favor.

We know cuts are coming, but we don’t know when or any real details beyond that. So now we get to sit around stressing and worrying for who knows how long. I’m sure that’s going to do wonders for everyone’s mental and physical health. I really hate what this place has become and the joke we have for leadership.

Who makes the list? Is it based on performance, salary, tenure, or luck? Which departments are getting hit hardest? Are newer employees safer or more at risk? What's the real business reason behind this? They won't tell us anything, so we're all just guessing and panicking.

10% this year company wide. 5% in June and 5% in October to stay below the warn notice. Next year gets even better at 15%. Have fun everybody!

Is this true?

Sacramento City Unified School District’s Board of Education voted to finalize 503 layoffs. The action addresses a $127 million financial gap. Many affected workers are classified, such as custodians and food service staff. Even with these cuts, the district faces potential state receivership to avoid insolvency. State officials warn that action is needed soon to prevent 5,000 employees from going unpaid.

Sacramento, CA

https://www.capradio.org/articles/2026/05/08/amidst-sacramento-city-unifieds-budget-crisis-503-employees-laid-off-and-receivership-looms/

May bloodbath is around the corner

It really doesn't matter when the next round is going to happen. How many times have we already experienced layoffs being dropped on us without any communication or warning that they might happen? Leadership has proven to us many times over the past couple of years that they couldn't care less about their employees, and they've been treating us accordingly - as the first line of any cuts they might need at any given moment.

People keep saying the cuts are done or will end soon. I've been here long enough to know they won't. This is just how we operate now.

People are talking about cuts sometime later this month, does anybody here know more about it?

Now that Maverick has launched and it's start of first quarter, I heard from my director that ISG and CSG is supposed to get heavy cuts.

Incredible. Verizon cut office cleaning and garbage pickup to once a month. Yet paying half these upper mgrs over $200,000 plus a year.

Remember seeing one VP sending award emails monthly. Not bad. Half a mil to go rah rah.

Despite everything they say, I can't take it for granted that it's done.

Milestone Technologies plans to lay off 51 employees. These layoffs will occur at its Henrico County facility. The company filed a WARN Act letter on April 29. Layoffs are due to the end of a client contract. Most affected workers are data center logistics associates.

Sandston, Virginia

https://virginiabusiness.com/milestone-technologies-to-lay-off-51-in-henrico/

Mid-week off payroll so they don't have to pay us for the holiday? Are they really that petty.

Any IT people here who can run a quick compare on number of people in the email directory before and after the cuts? I see number of posts claiming different numbers, execs are silent, instead of spreading rumors maybe we can try to figure out the real number. No, you may argue that the number is internal, but since you can legitimately buy (ZoomInfo, SalesGenie, RocketReach, Lusha, etc.) the entire email roster of pretty much any large US company this argument would not stand ground.

Early Jan stock was over $96. Down almost $20. One trick pony Charlie’s strategy of doing nothing but cutting run its course and now catching up to us

New Jersey saw over 600 layoffs announced in the first six days of May. Accupac is closing its Lakewood facility, affecting 260 employees. Danone North America will close its Bridgeton plant, laying off 114 workers. Worldwide Flight Services, Fulton Bank, and DoubleTree by Hilton also announced job cuts. These recent announcements contribute to 6,637 total layoffs in New Jersey for 2026 so far.

New Jersey

https://nj1015.com/new-jersey-job-losses-may/

Earnings were pretty good, will the summer cuts be cancelled?

Friend works here and strongly believes there will be a layoff in the near future. I can't validate the voracity of the claim, but they seemed very certain of it.

Looking at the recent layoff announcements, i’ve a very bad feelimg that synopsys will announce more layoffs during this quarter results news , :(

A&O Shearman is streamlining operations. The firm is cutting business services roles in its London office. Approximately 20 positions are impacted. These cuts primarily affect IT, finance, and marketing teams. This follows previous headcount reductions in 2024.

London

https://abovethelaw.com/2026/05/more-post-merger-layoffs-come-to-ao-shearman/

15% cuts happened in GTS today

Rumors here in the tower is that the layoffs have begun. Seen couple folks packing up and being escorted out by security.

So what is it. Its time to start thinking about summer time surplus. We all know it happens, next up will be October and move right into Nov. So the question. WHEN !

Packaging manufacturers are implementing significant workforce reductions and facility shutdowns. Clearwater Paper is cutting 70 positions and 50% production capacity at its Arkansas mill. Gerresheimer Glass will close its Chicago Heights plant, terminating 172 employees. Graphic Packaging International laid off over 500 staff to achieve $60 million in cost savings. Oliver, TriMas, and Veritiv Visual are also closing plants, affecting dozens more workers.

https://www.harianbasis.co/en/packaging-manufacturers-layoffs-facility-closures

I saw tons of writing on the wall the past two weeks that made me think I'm going, but the post from someone saying they made the whole thing up has me second guessing myself now.

If you're impacted, please let us know. And if you're trolling, this is people's livelihood. Please, not today...

The Ottawa Hospital is eliminating approximately 400 positions. These cuts primarily impact nursing staff. The hospital faces significant financial difficulties. Non-unionized employees have legal rights concerning severance pay. Severance entitlements are based on individual situations and common law standards.

Ottawa, Ontario

https://stlawyers.ca/blog-news/ottawa-hospital-layoffs/

It’s likely a small percentage being impacted. There’ll be a lot of rumors and hearsay on here.
Hopefully it’s just been a lot of bad rumors.

Hearing that there is another round of layoffs happening today?

Anyone know anything?

Are you all hearing anything about layoffs on the trading floor? I hope all the girls with the nice feet don’t get cut.

Anyone know if there are layoffs coming ?

I think most people know by now tomorrow is the day, with a few people in denial. This was a quota game, leaders were told to eliminate x number of people for many teams as the only consideration.

This isn’t the end either. There will be more rounds this year. If as a business, they decide we need to do cuts, fine. But they continue to cut talent and drag out morale instead of doing it all at once. We are all being told to take on more for no extra pay and use AI which constantly makes mistakes. The only reward is MAYBE keeping your job. Talk about transparency and doing the right thing… yet let’s keep making employees live in fear.