#layoff

https://www.businessinsider.com/verizon-cuts-hundreds-of-jobs-in-latest-round-of-layoffs-2026-5

Is there a difference if the meeting is scheduled with HR alone versus HR + a MGR (like if it means laid off versus moving to different org)?

Alright guys I’ll give y’all a real post. I was an SM in wealth and got laid off today. I know you guys like to hate on SM’s but seems like a lot of us got hit. Meeting was put on my calendar super early this morning as a 1-1 without any context. Been here for 10+ years and for severance I got 6 months, prorated bonus, PTO paid to cash, and shares cashed. My manager was visibly shaken up and was like a robot reading off a script just emotionless and monotone which was very unusual. Was told to take the rest of the day off and don’t bother coming into the office through the end of the month which is my last day.

It su-ks but I was already interviewing elsewhere which I’m stoked about the severance and all the payouts.

For those affected, just know you are not alone and this is just how “at will employment” works. I hope you all bounce back quick and enjoy a little time off to recoup. Or at best find another job and enjoy the dual income.

G6,5,4 - majority are youngsters getting laid off. Runway if you are young this is a company for dinosaurs

That just got notified they were laid off would be

On here. Sorry it’s a bunch of lying trolls in the real world they’d be figuring out insurance and severance and contacting family.

I don’t get why there are so many trolls here. Why would someone in their right mind share their name, supervisor, or personal information just to prove whether something is real or not? Why risk jeopardizing their severance or employment situation just to satisfy random people online?

To the trolls, please stop. People’s lives are being impacted here. If these reports are true and people are seriously being affected, I genuinely wish you all the best. No one wants to lose their job.

I’ve heard 5000 and I’ve heard 10,000.

I was RIFd yesterday, and I see that severance only pays out unused regular PTO, not protected PTO.

They really pushed employees to NOT use protected PTO as it is meant for illness and other unintended absence. I had built up quite a bit of it, and used regular PTO almost always.

Now I’m thinking the reconfiguration of PTO was more about cost savings than anything else. I was not aware that protected PTO would be forfeited or I would have used that first and foremost.

Very sneaky move Medtronic.

SLs and Architects who are in G8s are asked to take up G7 roles or are they are getting fired ?

If you're getting transferred, laid off or have proof other people are, please reach out:
rachel.nostrant@houstonchronicle.com

I'm the oil and gas reporter, trying to keep an eye on how many people might be affected.

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

I know of three people in GNC that have been informed that they are impacted. It's real and it's happening today. I am in GNC, and not a bot or a troll. Been at VZ for 20+ years.

They’re openly patting themselves on the back about plans to reduce workforce by 65%

Believe it or not, for those that are impacted today, coming to this site and sharing the news is not a priority. They are going through an emotional roller coaster, need to inform their families, etc. so just because people aren’t posting here, doesn’t mean it’s not happening.

Most of these layoff posts are some type of sadists.I dont see anything happening in the office

Has anyone heard if CSS in brokerage is being impacted? If so, do you know what sites? I’d like to think not as they just told us RTO is coming and I don’t see how an immediate RIF makes sense when it’s clear they want to see people quit rather than RTO. It’s also a client facing inbound role for managed accounts. But, with all the changes the last couple years aimed at attrition and seemingly preparing for this moment, who knows…

Side question, if someone is laid off and has unvested shares, do they pay those out to any degree?

Got laid off.

That’s how LR happen… share people.

Share what you know as Cisco is not sharing any LR news.

If you know something, say something and share with others.

Anybody?

One of the most difficult things about layoff days is hoping its one of your team members and not you. Some of us like the people on our team and wanting one of them to be impacted instead of yourself is a special kind of he-l. It feels selfish and awful but you know it will be so much worse if you are the one to get the call. Then you have survivors guilt.

Wasn't just rumors for the group I'm in. Teams is full of people sharing what time their calendar invite that just came in is for with HR + some leader. Everyone promising to give each other recommendations if needed, posting personal emails and phone numbers just in case, etc.

Don't know the count yet. Waiting to see if/what time my meeting will be. Bad vibes for sure.

The rumors weren't wrong for everyone.

UBS has been quietly laying off people starting Mar-2026. Rumor is that another big list is coming in later may and june 2026.

Any word on if Case Mgmet will be impacted?

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 University of North Texas approved buyouts for 40 faculty members. This action aims to save up to $4.7 million. The university faces a projected $45 million budget shortfall. Declining international student enrollment and reduced state funding caused this deficit. Officials are considering other cuts but do not expect broad layoffs.

Denton, Texas

Spirit Airlines announced hundreds of layoffs. These job cuts affect Texas airports. Dallas-Fort Worth and Houston airports are impacted. The airline faces rising fuel costs. Financial strain contributed to the decision.

Texas

https://www.cbs19.tv/video/news/local/spirit-airlines-layoffs-hit-texas-airports-as-workers-face-uncertain-future/501-15169b4b-a98a-40bc-82ed-1000cb42d68c

Hackensack school officials are voting on a proposed $169 million budget. The district faces a growing financial crisis. Over 100 staffing positions will be eliminated. The district plans to borrow $9.1 million from reserve funds. A previous budget was rejected, leaving a $7 million deficit.

Hackensack, New Jersey

https://dailyvoice.com/new-jersey/hackensack/hackensack-boe-races-to-pass-169m-budget-as-100-employees-face-layoffs/

without being laid off does that mean I’m safe for the time being?

Pleasanton Unified rescinded some staff layoffs. This followed a budget agreement with a labor association. The agreement generated nearly $910,000 in savings. Grant funding also stopped social worker job cuts. The district continues seeking funds to restore more positions.

Pleasanton, California

https://www.independentnews.com/news/education_news/the-pleasanton-unified-school-district-rescinds-some-layoffs-after-budget-agreement-funding/article_01ffef86-c254-4e34-934f-2e9ba3d53856.html

Hearing that there is another round of layoffs happening today?

Anyone know anything?

The University of Kentucky is laying off over 1,000 employees. The affected staff includes 926 food service personnel. UK HealthCare will eliminate 61 positions due to restructuring. Another 36 jobs in Behavioral Science are also being cut. These layoffs are part of a broader university reorganization.

Lexington, Kentucky

https://kentuckylantern.com/2026/05/06/hundreds-of-employees-at-the-university-of-kentucky-will-be-laid-off-federal-notices-show/

Bristol Public Schools faces budget challenges. About 135 teacher layoff notices were recently issued. State officials announced $172 million in supplemental education aid. Bristol will receive an additional $4.5 million from this aid. This funding may help reduce layoffs and lower taxes.

Bristol, Connecticut

https://www.wtnh.com/news/connecticut/hartford/bristol-works-to-finalize-school-budget-as-teacher-layoffs-loom/

I was told by alight that I canceled my retirement last year when I was piped out. I took the pil in july or august last year. I was NRE but knew I was doomed so I left on my own. I got 3 months pay and left asap. I was classified as a terminee because I wasn't 55. I had to wait 90 days to get my lump sum. I turned in the paper work and waited. I got no notification about my status from alight so I called. They said I had canceled my retirement and the lump sum option was not available any more. I filled an appeal and it took a few weeks to get it approved. I faxed and mailed my paperwork to alight. I called and alight rejected my forms because of ilegible dates by the notary. You have to have a notary sign and stamp the spousal consent. Ok round three and I send off the paperwork again. This time alight rejected it because the notary seal was distorted. Now the final attempt and I thought alight was just trying to tire me out so I would just choose the annuity. I meticulously signed the forms and made sure the notary did the same. I hand delivered the paperwork to the woodlands office of alight and turned them into some one at the front desk. The main problem is that it takes several weeks for alight to process the forms and their website is terrible. It says processing for the longest time and then at once says rejected. Once rejected you have to start the process all over waiting for them to mail new paper work. Another stupid thing was all my correspondence was going to my work email which I had no access to. Finally I got my approval and my check. I actually got a few more thousand dollars because my retirement was postponed by a few months. It was a real pain in th a ss kind of like exxon forms and approvals.

Three companies plan to eliminate almost 400 New Jersey positions. Fulton Bank will reduce 95 positions at its Parsippany office by July 31. Worldwide Flight Services eliminated 80 to 100 jobs in Elizabeth quickly. Accupac plans to remove 260 roles from its Lakewood facility. Accupac faces legal inquiries concerning WARN Act adherence.

https://www.nj.com/business/2026/05/nearly-400-nj-jobs-at-risk-as-3-major-companies-announce-layoffs.html

not sure what to expect tomorrow but getting ready for anything:-

• i am eliminated
• manager and/or manager's manager eliminated
• colleagues eliminated
• direct report(s) eliminated
• peers in other BUs eliminated
• everyone distracted and numbed for the rest of the week

reply to this post to keep track

These people keep getting spared every layoff and they're the ones at the water cooler, long overdue for retirement. They are good at showing up on time in a crisply ironed shirt with a positive attitude, much like the old IBMers. But as far as carrying the load when half the team gets axed (strictly according to their manager's own specific preferences and prejudices), the work output won't scale accordingly. They have one speed. The speed of every telephone company. Because every telephone company is comprised of them.

Looks like they’ve done it again… kicking hard working people out :(