#jobsecurity

https://finance.yahoo.com/news/wells-fargo-warns-more-layoffs-203919733.html?fr=sycsrp_catchall
Wells Fargo has cut staff every quarter for the last five years. Its headcount of 210,821 declined 1% from the end of the second quarter and is down 4% from Sept. 30 of last year.

The CEO said the company has instead become more efficient.

“This was not driven by business sales or outsourcing but, in fact, real improvement in our efficiency,” CEO Charlie Scharf told investors on the bank’s earnings call. “We’ve also significantly reduced how much we spend on professional and outside services as well as non-branch real estate.”

Exact numbers of people who will lose their jobs were not shared.

I heard that everybody but GT (why not???) is having layoffs today in EMEA. Is that right? How many have been impacted?

Are there any particular CL levels at which you are safe for life? Might give something to aspire to..

I wonder if they’ll start next week. I am really worried about my job since there is someone else at my site with my same title

Why do we find out Tuesday and not tomorrow ?

Just curious here. If you do end up surviving Tuesday, are you seriously considering leaving Target once you have something lined up? I have read several articles that companies usually see large resignations after a mass layoff.

The days when that made any sense are long gone. Layoffs keep happening, smaller and more targeted, which means it can hit anyone at any time. The chances of Nike returning to its mythical glory, when it was fun to work here and the company was vibrant, flexible, and creative, are very slim. It’s better to stay alert and keep your eyes always open for other opportunities.

I just don’t have the capacity to worry anymore. I don’t care about the date, I don’t care if I get to keep the job, and I don’t care about the state of the job market. If I work myself up to the point of being a basket case, I won’t be able to handle what’s coming anyway. And it’s not like this has been the best job ever, so losing it wouldn’t exactly be a life-defining tragedy.

Got a job offer from UHG for a data role but reading all these layoffs and RTO post has me worried. Currently employed but under paid with relatively stable job security. Anyone know if the data roles are heavily affected by the layoffs or RTO?

I’ve been hearing there’s ai now that can do our jobs… and that the entire SWE chapter but almost exclusively application engineers are targeted for ENGINE asap.. is there truth to this? Tbh I’ve been looking for jobs since last August with zero interviews so I’m really really worried. Any insight would mean a lot, thanks !

How do support roles usually do in these situations? Thinking L2-L4. It’s my first corporate layoff, so curious if anyone has previous knowledge from past experiences.

Any conversation of layoffs within properties? Hearing quite a bit regarding merch but nothing in this pyramid.

Target cuts 1,800 corporate jobs

https://www.cnbc.com/2025/10/23/target-layoffs-corporate-jobs-sales-slump.html

I know everybody is spiraling. I’m up in the middle of the night too, so trust me, I’m not doing great either, but I do have, I wouldn’t say the advantage, but the insight of being laid off twice before, so I have a better idea how this will play out. There are two things I know for sure from personal experience, and also from the experience of a few friends who’ve been through something similar.

1. If you’re laid off, you’ll feel awful. It’ll be like a punch in the gut, and it might take days or even weeks to process the anger, disappointment, fear of the unknown, and all the other emotions.

2. After it’s all said and done, you’ll be okay. You’ll shake it off, start making plans, and before you know it, you’ll have a new job. Both times I was employed again within three months, and the severance was more than enough to get me and my family through it.

And before anyone mentions the job market, I was first laid off in 2008, and trust me, this job market is golden compared to that.

My point is, yes, it won’t be pretty if you’re laid off, but it won’t be the end of the world either. Keep that in mind over the next few days, because losing hope in the future can destroy you mentally in the long run, even if you don’t end up being laid off.

people have been looking for work for over 6 months.
wish everyone the best of luck Monday.

Seems like AMAT is going for moving more jobs OVERSEAS and focused on letting go Americans...might as well make your headquarters in India at this point. Imagine spending billions on a building none of your customers want and then you let go of people HA

Just wondering if Roundel will be impacted during this layoff. None of our leaders have said a word and it’s complete radio silence.

This has to be the largest layoff that the company has had in several years if it ends up being 2,000. In 2023, I believe it was a few hundred so it is going to be so interesting to see how next week plays out and how the ones who survive carry on.

I see a lot of talk about L6’s and up being the target of the layoffs, but I’m wondering if this is a chance to eliminate the remote team members, especially since the RTO mandates which is increasing in person workload for our in-office team members. Remote TMs also have no growth trajectory and most jobs posted are in-office required. Anyone have info?

it’s over my fellow coworkers. No matter what you do you can’t save your job. It’s all over.

We have already been through 3 rounds this year, how many more this year ?

Has anybody heard anything? My manager played d-mb when I asked him (which makes sense) but wondering if anyone else received more transparency about what will happen here.

I really hope those saying 5% are closer to the truth than the ones mentioning 10-15%. Don’t get me wrong, every person matters, and every job loss is tough. I just hope more people get to stay. The job market is brutal these days.

Has anyone quit their job without giving a two week notice? Don’t want to keep waiting around to get laid off, and at this point I don’t think that a two week notice will do anything. They don’t hire internal US employees so I don’t think they’ll ever hire me back for any position nor would I ever want to work here again.

I was identified for an Enterprise Skills Assessment. Is this a hint for a future layoff?

But they have 100’s of them with labor department fake jobs LCA applications for H1B indentured servants

If not you better get on it because you can bet they are busy right now training AI to replace you! It should go without saying that they will try to hide this from you by saying they are "swamped with work" after the last RIF, or that they "have decided not to work hard anymore", etc

Meanwhile, the more co-workers that you show management you can replace, the more valuable you look to Team Oracle

When's the last time that happened?

Mechanical Engineer for Chevron of 5 years here in the Permian Basin, I make $152K base plus an additional 10% increase off that for living in Midland,TX and my bonus every year is around 45K, looking at the posts here it seems Exxon is just as Toxic as Chevron, but how is the pay since I heard y'all don't get bonuses?

Thoughts on the affect on inventory analysts?

I am deciding whether or not to proceed with the company, I've heard great things but have had great job security the last 5 years, even though pay was really low .. I'm looking to build a career, obviously with more pay but I see that the company goes through layoffs or working arrangements can be a hassle.. if I were to compare to another company that possibly starts with an H.. what would you advise?

I started my career late in life. Been here for 5+ years. I was offered another position with another company. Unfortunately this company has layoffs like many others in our sector. Not sure if I should accept it or just remain here. If you had the change to move on would you? Or would you remain here due to the amount of time you've put in? Also, pay and benefits are about the same.

Looks like they want to replace a lot of claims positions and coding roles with this new AI system Optum Real?

Work at night is very common for our team.

Will I get a PIP? Or let go?

My family needs the paycheck.

Is the plan that any remote employees, or those who don't live close enough near a hub, will be let go by 2027 if they don't relocate?

I learned the hard way that relocation doesn’t mean job security. I uprooted my life, sold my home, and then I got laid off a few months later. It’s cruel, honestly. Dell acted like moving was a sign of commitment, but apparently that commitment only goes one way.

I’m on my second company and third layoff since 2023, and at this point I’ve stopped pretending to be shocked. Every new job swears it’s different, then the same script plays out months later. This just goes to show that the grass is not all that greener on the other side.