#layoff

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 :(

Has anyone who was let go in February had success in finding new work? If so, do you have any pointers or resources you found useful?

Trying not to get discouraged but it’s feeling impossible in this market

At the very least, let's hope this round doesn't drag out.

I'm so sorry for everyone already affected, especially those who badly needed to keep the job.

Don't doubt yourself. And never let any corporation make you question your professional worth or what you've achieved.

Anyone else hope they get laid off at this point? Everything su-ks here!

this MF landed a package on the backs of Dell employees. He should be fired

I was impacted from the last layoffs, never been on unemployment before, how do you file, do you file and add severance package and PTO or do you not include that info reading online you don’t have to add that info in. I know it would not kick in till the 2 month being on the payroll .

Does the manager need to be in the off ice when they setup zoom calls with their team members to let them go? Was this covered in the training this AM?

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

When recently getting told I would likely be laid off later this year, I conveyed to my manager that I was smiling and happy. They told me the last time they had to give that speech the person was elated as well.

Speaks volumes about the work culture Charlie Scharf has created.

Sorry but to me it feels like this emergency test is also to make sure we have a personal email so when they lay us off they can just send the documents or communication there. I went in and there is no way to remove it. Maybe I’m extremely paranoid but hey that would be this organizations fault to begin with.

I've heard there will be 1% layoffs with most groups exempt

Anyone hear any different ?

Anyone know if there are layoffs coming ?

So the way script goes is,

It has been strategically decided that your position is being eliminated with broader interest towards shift in technology and geo political landscape.

the decision does not reflect your ability to fully function as an associate and the decision is strictly driven based on parameters beyond the control of global market shift.

You will be notified separately on how your shares, 401k will be vested.

We thank you for your contribution and all the best in your journey .

Because the other one got bumped down pretty far.

Centralized space for updates as they are released this week.

Firsthand information only
Include OU and location
No political content
Maintain a respectful and constructive tone - this is stressful for all

I heard bv is exiting Chile with all employees there laid off. Is this true?

I got terminated from my job after 7 years. It wasn’t easy to accept especially knowing I was one of the top earners on my team. Last year my performance slipped, and looking back, I could feel something was off. I started to realize I was being pushed out.

But here’s the thing sometimes what feels like a setback is actually a reset.

At the start of this year, I shifted my focus fully into the stock market. I had been learning and investing for almost 6 years, but never gave it 100%. Now I am and I genuinely love it. For the first time, I feel like I’m building something for myself, not just working for someone else.

I’m also starting to move into rental properties, creating another path for income and independence. I don’t know exactly where this road will lead, but I know I’m no longer standing still.

I’m sharing this because conversations like these helped me prepare mentally. If you still have a job, stay sharp and keep growing. If you feel like something isn’t right at work, don’t ignore it prepare yourself. Build skills, save money, create options.

Don’t wait until you’re forced to move -move before that.

Sometimes you don’t realize your strength until you’re pushed into the unknown.

Good luck to everyone on their journey.

Bed Bath & Beyond Inc. finalized its acquisition of Kirkland's Inc. in April. Kirkland's Inc. was previously known as The Brand House Collective Inc. A layoff notice was recently filed with the state of Tennessee. The notice describes a permanent closure of the Brentwood office. This office had served as Kirkland's headquarters.

Brentwood, Tennessee

https://www.bizjournals.com/nashville/news/2026/05/05/bed-bath-beyond-kirkland-brand-house.html

Muhlenberg College faces job losses due to a $10 million budget deficit. The American Association of University Professors (AAUP) confirmed the impending layoffs. AAUP noted faculty typically receive a year's notice, unlike staff. Historically, staff were given hours to vacate offices and escorted off campus. The union advocates for 90 days' notice, salary, and benefits for all laid-off staff.

Allentown, Pa.

https://www.wfmz.com/news/area/lehighvalley/lehigh-county/allentown-area/muhlenberg-s-10-million-budget-deficit-could-lead-to-layoffs-faculty-union-says/article_1263fae8-73aa-4371-8332-643f42df89f9.html