Below are all the posts — topics as well as replies — that mention the hashtag #headcountreduction.
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I know the rumor mill runs strong, especially since there is zero transparency. read a comment here that said 4900 layoffs were this week.
But if "4 out of 5 Centeamers who will be leaving are part of the VSP", is true - that means what, almost 25,000 overall reduction in headcount?
there's no way this is right. if so, GOOD LORD.
If there were any staffing changes affecting your team today, please share:
Department/Team:
https://www.reuters.com/business/world-at-work/t-mobile-opens-india-tech-centre-hire-nearly-1000-by-2027-2026-06-04/
https://www.telekom.com/en/investor-relations/publications/financial-results
https://www.telekom.com/resource/blob/1106162/70f57261a19be3352c84ccbbd9f80dd7/dt-26q2-backup-data.pdf
DT Group Net Revenue First Half of 2026
T-Mobile USA: 65.7% of total revenue for the group
Germany: 21% of total revenue for the group
DT Group EBITA AL
T-Mobile USA: 67% of total EBITA AL
Germany: 23% of total EBITA AL
Capital Expenses: First Half of 2026
T-Mobile USA represents 60% of Capital Expenses for DT Group
Germany represents 21% of Capital Expenses for DT Group
DT Reduced Headcount Across the Group: US had greatest share of total coming in at 74% of all reductions
T-Mobile USA reduced headcount since Dec '25) by 4,671 (74% of total for DT Group)
Germany reduced headcount (since Dec '25) by 928 (14.8% of total for DT Group)
We’ve heard rumors of domestic onsite engineering headcount reductions in favor of offshoring work to the KLTC and BTC. Finally heard a real number; a 40% to 50% reduction in onsite engineering at the manufacturing sites by ~2030. Already importing folks from KL and BTC to fill key business team rolls onsite. Soon XOM will be run from Malaysia and India. Prepare your resumes.
¥ Expecting 10K positions eliminated.
¥ Stock price shot up to $150
¥ Per employee revenue around 900K
Portillo's has implemented significant layoffs at its Oak Brook headquarters. The restaurant chain reduced its corporate and field management staff by 18%. This decision was described as a "strategic reset" by the company. The layoffs affected 140 employees at the corporate offices. The company cited lower sales across its restaurants as the reason for these cuts.
Oak Brook, Illinois
https://www.nbcchicago.com/news/local/portillos-announces-layoffs-at-suburban-headquarters/3971407/
Any idea on current head count after all this layoffs?
Citibank has announced plans to lay off 59 employees in Hudson County. The company filed a WARN notice with the New Jersey Department of Labor and Workforce Development. These layoffs are scheduled to take effect on October 31. This follows several previous workforce reductions by Citibank in New Jersey this year. The affected jobs are primarily in corporate and regional office operations.
Hudson, New Jersey
https://www.northjersey.com/story/news/hudson/2026/08/05/citibank-layoffs-hudson-county-nj/91179071007/
From our product team, almost everyone is gone except a tiny handful. The product is basically dead. I’m hearing bit cuts from other groups too, though not as extreme as ou
Is this just a headcount reduction exercise? If so, what happens to new product development or even basic maintenance? Do VP/SVP really think AI tools can replace entire teams, or have they just given up and started trimming ISG to make it look cleaner for a sale?
Anyone up in the food chain have any thoughts on this?
Rumors said today was going to be a bloodbath, how many were hit? What are the numbers you're hearing?
Dell filed w the sec on the amount the layoffs will cost the Company
They are hiding it by running monthly layoffs below x number of employees per month, so they would not need do publicly announce it. The AI is still sh-t and its bubble will bite them, can't wait 😆
Uptick in demand boosts Ruger to $7 million in net income after 90 layoffs in Newport
https://www.unionleader.com/news/business/uptick-in-demand-boosts-ruger-to-7-million-in-net-income-after-90-layoffs-in/article_bb92434d-965e-4975-b1f2-49e9154bf38d.amp.html
BLR and Sofia exist because we're cheaper. AI is cheaper so HQ will trim the edges
Tracking participants count #general Slack channel in Oracle One workspace, as the fastest available proxy indication of ongoing layoffs.
Limitations of these stats are covered in detail in comments.
I will post daily in comments on the count change and running current month total.
There is a troll trying to impersonate me and post fake Slack stats; protection measures are covered in the first comment.
My public key used to prove identity: ssh-ed25519 AAAAC3NzaC1lZDI1NTE5AAAAIPh3BL62QOGXk95TzS980uSckZd1M5YPGqouR0iHWumB slack-stats
Here are my top 8 predictions for the remainder of FY27
August is going to be blood bath month. Wondering how dell manages without any public announcement!! I see so many teams impacted in ISG.
Heard about 15 in R&D
Interviewed a bunch of Freddie Mac employees, each of them shared that layoffs are coming. Both in single family division.
Pennymac has eliminated select lending and fulfillment roles as the company prepares for its earnings report. This decision comes amid a challenging mortgage sector influenced by sustained high interest rates. Affected employees have indicated that roles such as loan consultants and managers were impacted. The company is providing severance support to those affected by the layoffs. This follows a similar move last month where Pennymac closed an office in Tennessee.
Westlake Village, California
https://www.housingwire.com/articles/pennymac-layoffs-ahead-earnings/
Boston Scientific has announced a new global restructuring plan approved by its board of directors. This initiative aims to achieve sustained cost efficiencies and support continued growth. The company expects some positions to be eliminated as part of these restructuring activities. While new jobs will be created in growth areas, overall headcount reductions are anticipated. The plan is designed to ensure the company is structured to meet its strategic priorities.
Marlborough, Massachusetts
https://www.massdevice.com/boston-scientific-cut-jobs-restructuring-effort/
2019 - 2600 people
2025 - 1700
2026 - 1600
Not heard directly but have heard from several that there's a mandate to be 1000-1200 by 2030 (apparently from John Healy himself).
They're hiring but not as much as getting rid of people. And the majority they're hiring, DPMs, feels like bubble that will burst same as several other roles over years.
Just advice. That and ignore the guy who says hot fish curry on here, would be my tips.
Can layoffs happen in a pay day week? I ask because there is a meeting for my group of about 80 people next week that is usually scheduled several weeks out. Instead, the invite showed up two business days before the meeting date. Upper management has already communicated a reduction in headcount due to the decline in workload. Curious if the meeting could be the layoff notification or maybe they are going to let us know when to expect the layoffs to begin? Do these Wells Fargo upper management folks typically give this kind of heads up?
I was hoping it would happen before the end of the month. I just want them to hurry up and make whatever decision they are going to make.
All organizations need“Streamlining”.
Also, looked like Jeff had to help grandpa get through the call.
You should consider the Finance Team in Basking Ridge as another area for future headcount reductions. There are too many employees with titles that make no sense. A few managers and lots of analysts are only needed to get the work done.
Does anyone know the % of # of employees they wanted to reduce for the VSP Phase? Or altogether goal?
Recording 24 consecutive quarters of staff reductions, the current headcount stands at 197,000 employees, reflecting a decrease of 15,000 positions compared to the previous year. Over the past six years, under the leadership of CEO Charlie Scharf, the organization has eliminated a total of 79,000 roles.
https://www.msn.com/en-us/money/other/wells-fargo-warns-of-additional-job-cuts-as-cost-cutting-drive-continues/ar-AA284NyR?ocid=msedgntp&pc=U531&cvid=f393bcd159ae452af7868dfd2f6ebb02&ei=9
For those of you good at math, how many employees need to be laid off to reach a 55% efficiency ratio? GK said on the earnings call that the goal is 55%-57%.
Not the PR number, the actual one.
Any word on whether more sales layoffs are expected? Seems like the team has already been reduced quite a bit. Curious how much more can be cut before there’s not much left.
Verizon's CXO org will see a significan reduction in headcount on 7/16/2026. Once they make the announcement, then the remaining personnel will see a reorganization where they move to other parts of business / organization is disbanded.
Just layed off 42 people in Columbus more to come
Good luck all. Started Monday.
I am in senior leadership. We are being told that there will be a 20% reduction in total headcount. This will happen in waves to minimize any single organization from feeling they are targeted. Employees who stay will be told to take on additional responsibilities. This will give a false sense of security, which will lead to other rounds of layoffs.
H-1B visa holders are not receiving the buyout offers. They will be let go in much greater numbers. Their visa is tied to the job, so once they are out they only have 60 days to find new sponsorship or leave the country. Many of them are being pushed out in these reductions.
The job market will be saturated and many companies do not hire in high numbers in Q4. For the sake of your families I highly recommend reducing your output at Centene and going full time into the job search process. There is no such thing as being safe in this. Even if you make it past the firings you’ll be given more work and no promotion. By the time the company starts to normalize, newer employees will be brought in at much higher salaries.
heard aggressive targets have been given on headcounts to svps...
I have been within current VP org for the last 5 years. I see a good opportunity moving in another group. Did a few interviews and manager said I’m the perfect fit.
My question is, am I more at risk of WFR shifting roles internally? As in, would be the first one to go (if the manager was asked to make headcount reductions).
Thoughts?
Lots of closed doors this week along Director row. What has everyone heard about rifs in July for market level engineering GNT? We are mostly contractors at this point. How much more can they cut?
June 2026
The New Board Member
Last week — on June 19, 2026 — Centene quietly expanded its Board of Directors from 9 to 10 members, appointing Lauren M. Tyler. She comes from over two decades at JPMorgan Chase, where she held roles including Global Head of HR for Asset and Wealth Management, Global Firmwide Chief Auditor, and Global Head of Investor Relations. She also sits on the boards of Cencora and Guardian Life.
On paper, this looks like a routine governance move. But the timing tells a different story.
Tyler is landing on two specific committees: Audit and Compensation and Talent. The Compensation and Talent Committee is the committee that oversees workforce decisions and pay structures — the exact committee with oversight over something like, say, a Voluntary Separation Package going out company-wide.
The Context Nobody Is Saying Out Loud
Centene reported a loss of nearly $6.7 billion in 2025. Medicaid redeterminations have been chipping away at membership for the past two years. ACA subsidy uncertainty is real. And now, with the current administration's push to reduce federal Medicaid funding, the core of Centene's business model — which is roughly 70%+ Medicaid managed care — is under direct pressure.
The VSP is not a surprise. It is a logical first move when a company needs to reduce headcount costs without triggering the optics of hard layoffs. The question everyone should be asking is: what comes after the VSP if not enough people take it?
The Macro Picture
The health sector broadly is in a tough spot right now — and this isn't just a Centene problem. Managed care organizations that depend heavily on government-sponsored programs are caught between:
Federal Medicaid funding proposals that could significantly reduce reimbursement
Rising medical costs that squeezed margins across the industry in 2024–2025
A regulatory environment that is increasingly unpredictable
Centene has actually shown some improvement — they raised their 2026 earnings guidance after Q1 results came in better than expected, largely due to successfully wrestling down medical costs. So it's not all bad. But the workforce reduction is clearly part of that margin protection strategy.
What This Means for Employees
If you are weighing the VSP, here are the honest things to consider:
Evaluate the package terms carefully. Look at severance weeks per year of service, how long COBRA coverage extends, and whether unvested equity is being paid out. Don't just look at the headline cash number.
The job market for healthcare tech is still active. Skills in Go, Kubernetes, observability tools, and cloud infrastructure are in demand outside of managed care. Your experience doesn't disappear when you leave.
Waiting may not be safer. If VSP participation is lower than targets, involuntary reductions often follow. That changes your negotiating position significantly.
The board is tightening its grip, not loosening it. Bringing in a JPMorgan finance and HR veteran onto the Compensation committee right now is a signal about the direction of governance — not a signal that things are about to get more employee-friendly.
Final Thought
The people who built this company and kept it running through a $6.7 billion loss year deserve better than a rushed exit package. But the reality is that the strategic decisions being made right now are being made at the board level, not by your direct manager or even your VP.
If you can swing it financially, taking the VSP and controlling your own exit is better than waiting to see what comes next. If you can't swing it, start building your options now regardless.
Wishing all Centene employees the best — whatever you decide.
This article reflects publicly available information and personal observations. All financial figures sourced from Centene's public SEC filings and press releases.
I will not reveal who I am or what I do in the company. I have heard some concerning numbers for the VSP and layoffs.
Is it true they're aiming for 12,000-18,000 layoffs?