#layoff

Back from their meeting about reducing headcount, management will cut 10% before end of year.

Recent Layoff Announcements (from the Kobiessi Letter):

1. UPS: 48,000 employees
2. Amazon: Up to 30,000 employees
3. Intel: 24,000 employees
4. Nestle: 16,000 employees
5. Accenture: 11,000 employees
6. Ford: 11,000 employees
7. Novo Nordisk: 9,000 employees
8. Microsoft: 7,000 employees
9. PwC: 5,600 employees
10. Salesforce: 4,000 employees
11. Paramount: 2,000 employees
12. Target: 1,800 employees
13. Kroger: 1,000 employees
14. Applied Materials: 1,444 employees
15. Meta: 600 employees

The labor market is clearly weakening.

Poll: How many will Cisco Axe?

I was scheduled to work in the office tomorrow. My entire team and I were told to work from home. Was everyone told this? Or should I take this as a bad sign.

I was cut back in 2015, I've seen posts on LinkedIn and it did triger a bit of PTSD. I am so sorry you have to go through this again but... life after Target has been a breath of fresh air for me. Ended up in a small company where I feel wanted, valued and heard. I did have good time at Target but I feel this change put me in a better position. With this being said, keep your head high and good luck!

I am not acusing target of Age Discrimination but want to see what other folks think about this. Based on what we know so far, do you think that age played any role in the layoff selection process? My group was completely spared but being 59 this is one of the things I've been thinking about recently. I believe that age is a category that needs to be reported when mass layoffs are taking place, hopefuly we'll share numbers too. In the meantime, please chime in if you have any info or personal observations.

My peer who has been with the enterprise almost as long as me got the tap today. They were a hard worker (always seeking more work in an effort to avoid this), very knowledgeable, very ethical.
This is a loss for the firm, and there was no logic to it. Just a body to fulfill a cut requirement number.
So if you think you are safe because you are a smart hard worker or if you spend your time on here telling other folks they are su-kers for not somehow avoiding getting cut, I have some bad news for you.

Email from DE at 6:30 AM ET
Follow-up email at 11:30 AM ET
Layoffs commence after 11:30 AM ET email. Expect a call if impacted
Out by Friday

10/28/25

After nine years at Wells Fargo, today I was impacted by a layoff from my role in Corporate Risk. It came as a surprise — even my manager wasn’t aware — but it’s clear this was part of broader changes across the organization.

This is my first time witnessing a layoff. I recently graduated college and just joined the job market lol. I was lucky and got to keep my job but I’m having a very hard time getting back to work and “prepping for peak”. Do we really just have to go back to working like nothing happened? And specially during the busiest season? Surely they thought about how this + the production freeze would decrease productivity….

Had a typically early morning lay off meeting today but they said it was a warning that we will likely be laid off in 45-60 days. What does that mean? Is that a 60 working notice or in 45-60 days I’ll get an official notice?

Barnhart employees were finally laid off today

Never have to come back to this layoff thread

What the he-l happened?

LOB: Technology
Lead software engineer

They let go many white engineers.

Part of corp risk

Accenture keeps saying they’re firing employees who “can’t learn AI.” That’s complete bullsh-t. The truth is, they’re laying off people in the U.S. and rehiring or contracting cheaper labor in Costa Rica and Colombia.
They’re using the “AI skills” excuse to distract everyone from what’s really going on — cost-cutting and outsourcing. Now a lot of former employees are suing them for unfair and deceptive practices.
Accenture wants to look like an AI-driven company, but what they’re really doing is replacing loyal workers with cheaper ones abroad.

Curious if anyone knows what’s going on with finance?

They are laying off tons of Cyber Security employees at the moment

Myself and a few other colleagues have received the “important business update” email this morning. Good luck folks, going to be a bumpy ride..

Reported in this mornings News & Observer -- campus to be completely vacated by March 2026. The land has been sold to data center developers.

I have been praying for myself and everyone else. Even if I survive this layoff I know others will not and it saddens me. What a horrible way to do a layoff, we find out Thursday and have to go all the way to Tuesday to find out, it has been a miserable few days for all of us. I would say it is CRUEL in fact. I love Target and I wish they had handled this with more care.

Will they just lock the front door at the Salem, OR call center and put a notice on it?

Will they me us at the front door with a packet?

What should I expect?

apparently there will be multiple going out. So hang in there if you get one in another wave it may just be a reorg. But I think the first wave is the 9-915 meeting, strong possibility that’s a lay off and anything later may be something else

There will be more layoffs before years end. Nothing says Happy Holidays like a good old fashioned RIF. Support for clients is terrible and getting worse by the day. Pretty unhappy place to work these days.

Got the layoff email from Melissa - 9am ct today.

So 14000 is only 4% of corporate. 27000 was in fact the largest in history.
And there are so many redundant layers of management still.

Amazon to cut nearly 30K corporate jobs in largest layoff in company history

Interesting !

Been out with our hr guy who normally is very quiet, yet he said about planned layoffs in our region, he said something 30-50 ppl, mostly from tech part. Can't confirm, but he said that he himself was not hired for such a role, but... you know.
So seams that even Dubai and Riyadh - our cash cow region centres are not immune.

It seems like what people are saying is it was a small layoff..

any idea?

Do you know if severance includes a prorated bonus (even if the planned bonus incentive is 50 percent this year)? Also - does anyone know if it will be pay through Jan 3rd and then 6 weeks + 1 week per year of service? Or just pay through Jan 3rd and 1 week per year of service?

Got an offer from TIAA at either Frisco or Charlotte (my choice family in Dallas and Charlotte so relocation money out of my pocket is minimal) but already have a job at another retirement services firm. TIAA pays more and offers better benefits but still have a job that is stable for probably another year. Should I take this one or keep my current one? Glassdoor and other sites make TIAA feel like a dumpster fire especially compared to where I am now.

Also saw another post about FIS where I have some experience with and wasn’t sure but don’t want to respond to that post. Didn’t want to take the role and get laid off if they change RK system too soon.

If you’re still hanging in there, you’re incredibly strong! I’m so glad they let me go — I’ve never felt this free!

Go buy Apple or AMD products for peace of mind. No money left to support products or customers

If you start a new job before the 60 days are up, you won’t receive severance pay.If you get a new job but delay your start date until after 60 days, you’ll still get your severance check.This depends on the layoff terms and when you sign the severance agreement.People laid off earlier this year may have different terms.Once your contract is signed and the revocation period ends, you’re free to start a new job.

172 people let go. Some in hubs but many not. The indignity is they are forced to take a ple training to get their severance .

I'd like to start a tip thread for any impacted folks this week. I was laid off a year ago and fortunately have managed to get enough income to not net a negative this past year, but don't kid yourself -- the market is that bad out there. No matter your seniority or valued your skills, it's in your best interest to plan for an icy winter. Make this your fulltime job as soon as you're cut to put yourself in the best possible position.

1) File for unemployment immediately, do not wait til severance pay is finished. The process takes time and there is no backpay. Now, you won't be able to get checks until you stop getting income, but despite the program lasting a year you only really get up to about 6 months of checks (if receiving no other income). But if you don't find employment a year after you signed up, you can sign right back up -- and guess what? The severance pay you had received a year prior will count as your W2 earnings, qualifying you for unemployment again. If you wait 2-6 months after that, you might not have enough W2 earnings to requalify for the same amount. TLDR: file for EDD today.

2) Get on SNAP, get an EBT card. You don't need to do this if you're still earning severance, your earnings are decided based on bills and people in your household. However, aside from grocery money, you just having an EBT card gives you discounts off of your electric bill (mine's $16 off every bill), internet bill ($30/mo account for Spectrum), even Amazon Prime membership (50% off, paid monthly).

3) Join the paramount-alumni slack channel (paramount-alumni.slack.com) and any other post layoff groups to network and find immediate support.

4) AJCC / WIOA offers free job training and tuition reimbursement for educational courses for you to pursue a new career. Wanna go take on 1-2 semesters at a University to learn something new? You could learn anything from marketing, data security, project management, business, healthcare, any fields that the growing jobs report will support. Here's the site to find the offered courses in CA: https://wioa.i-train.org/iTrain/tpd/

Now, this application process is complicated to say the least. Every Workforce office works completely independently of one another. There is no central HQ, they're not the IRS. They're more like a McDonalds -- they're all privately owned and each offers the same stuff, just some are more well supported than others, some are a little cleaner than others. Do not trust online applications through websites like CalJobs, that online application literally goes to nobody and no one -- you need to do it in person. You need to call your local Workforce office and ask them about job training/tuition reimbursement, and how much they can offer. I called 5 different offices before I found a place an hour north, funded by Goodwill, that would pay me $5000 for schooling. You'll need a LONG list of documents to bring with you e.g. proof of citizenship, birth, address, selective service, college degree (I took a photo of my degree) -- bring them all to the orientation appointment. Once approved, you just need to supply which courses you want to take to your case manager.

Good luck out there.

Furloughs happens yesterday afternoon. 10/27/2025 at San Antonio mechanical. 10 machinist 1 electrician

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.

The biggest issue I am having with this layoff thing, is the absolutely lack of transparency they are giving us. What a failure on leaderships part and especially this new CEO. What a way to make your first real impact on the company — your likability factor and lack of decency is out the door already.

How hard is it for this company to at least tell people what the process is like / how things will unfold instead of making every single employee just be on edge for several days? Very cruel and clearly they are not taking their employee’s well-being seriously.

I didn’t receive it but some people on my team did, wondering if this means i’m on the block for the morning or if it just random (and insanely tone deaf)

Already hearing folks getting let go. Good luck to us all.