#layoff

Posts mentioning hashtag #layoff

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They did me a favor

After spending the last three years wondering if this Tuesday was the day my number would come up, my number finally came up.

I knew Wells consistently sets new record levels of workplace toxicity. Whenever one hears stories about heinously toxic levels at other companies, Wells says “Hold my beer.” But still I did everything I could to keep my job. I was afraid that at my age no one would hire me and I’d basically be unemployable, so a toxic job at Wells is better than no job.

However, long before my severance was up I found a better job at a better bank — A bank with a healthy work environment and one that actually values its employees beyond the occasional Wells e-card stating how much they appreciate you until they fire you and send your job to India.

There is another long-term Wells survivor here, and she told me that she believes many of us carry a lightweight PTSD from the toxic environment at Wells. She may have a point in that over time I can feel the work stress and work paranoia leave me, and I’m sleeping well again.

So DAR, you incompetent fools did me a favor by forcing me out after 20 years. But as a final goodbye, at noon tomorrow, 7/23/26, in going to stand in my desk with my back towards Chandler and drop my pants. At that time, please face north and blow sweet kisses at my shiny white a$$.


NC Employees: Are Severance Packages Still Being Offered?

Is Wells Fargo still giving severance packages to North Carolina employees? Long-tenured, high-performing North Carolina employees were terminated without severance after what they believed is due to manufactured performance issues being used to avoid severance obligations. Are North Carolina employees especially vulnerable to this compared to other states?


ESPN, NFL Network Cut Staff

Major sports media outlets are reportedly laying off prominent on-air personalities. ESPN anchor Karl Ravech and NFL Network reporter Tom Pelissero are among those expected to be dismissed. Former NFL quarterback Cam Newton is also reportedly affected by these cuts. These layoffs come as ESPN integrates NFL Network employees following a recent billion-dollar deal. The full extent of the staff reductions remains unclear.

Indianapolis, Indiana

https://sports.yahoo.com/mlb/article/espn-to-reportedly-lay-off-tom-pelissero-karl-ravech-and-cam-newton-133633351.html


Novant Health Reduces Workforce

Novant Health has eliminated 31 revenue cycle positions. This action was taken to address redundancies within the organization. The healthcare system stated the cuts align with its strategic goals. These goals include expanding patient access and improving affordability. The company regularly reviews its structure to meet community needs.

Winston-Salem, North Carolina

http://www.modernhealthcare.com/providers/staffing/mh-layoffs-closures-healthcare-live-updates/


Alabama Barrel Plant Ceases Operations

A barrel manufacturing plant in Alabama will be closing its doors. This closure will result in the layoff of 71 workers. The facility specialized in producing barrels for alcohol storage. The company has not provided a reason for the closure. Operations will cease soon.

Montgomery, Alabama

https://www.montgomeryadvertiser.com/story/news/local/alabama/2026/07/22/alabama-cooperage-barrel-plant-closing-leaves-71-workers-jobless/90992860007/


USF President Restructures Leadership

University of South Florida President Moez Limayem has initiated significant leadership changes. This marks his first major organizational overhaul since taking office this year. The article mentions layoffs and a shakeup at Cyber Florida, indicating a broader restructuring effort. These changes are part of Limayem's strategic vision for the university.

Tampa, Florida

https://www.bizjournals.com/tampabay/news/2026/07/20/usf-restructuring.html


Biopharma Job Cuts Depend on Second Half Trends

Biopharmaceutical companies have seen fewer layoffs in the first half of 2026 compared to the previous year. However, the total number of job cuts for the full year may still match 2025 levels. This outcome hinges on a significant increase in layoffs during the second half of the year. Mergers and acquisitions activity, which has risen substantially, could also contribute to future workforce reductions. The size of individual layoff rounds and the impact of M&A will be key factors in determining the year's final tally.

July 23, 2026

https://www.biospace.com/job-trends/biopharma-layoffs-must-double-in-h2-for-2026-to-match-2025-cuts


The paranoia is real

When your manager's manager bails without warning, the gossip mill goes into overdrive. We've already got a betting pool going on whether it's a coming layoff or just bad culture. Either way, I've updated my resume and started casually browsing. Call it survival instinct.


More merger-based layoffs

Fifth Third Bank is laying off 234 employees at a former Comerica Bank operations center in Auburn Hills, bringing the company's Michigan job cuts tied to the merger to more than 700.

https://www.detroitnews.com/story/business/2026/07/22/fifth-third-bank-cuts-more-jobs-targeting-comerica-operation-center/90773990007/


I'm over this place

I'm hanging on for a severance package. That's it. Considering the frequency of layoffs, I don't want to jump ship ahead of time and leave good money behind. I'm determined to leave, I'm just in a waiting pattern right now. I don't care if it's reflected in my performance. I've already given BNY much more than it ever deserved.


IBM layoffs upcoming!

IBM will silently laying people off after the stock crash... From what I've seen, this is how they do it:

They suddenly label people as "low performers" (making up stories if they have to) and try to push them into quitting.

They put people on PIPs (1–3 month Performance Improvement Plans) and then fire them. The goal seems to be avoiding severance.

They make your work life miserable until you leave on your own.

If you're thinking about joining IBM, I'd honestly look somewhere else. In my experience, the company doesn't have many interesting projects anymore, and management is pretty bad. Most managers have no clue how to lead or manage teams.

Just my opinion based on what I've seen in this company over the years.


The main goal is to push people out and force them to quit

Micromanagement and fear tactics will continue... the main goal is to push people out and force them to quit. It is no secret what the management is doing, change people's roles to unrealistic expectations in order to save money and to make the company look profitable on paper so they could off load it to another buyer. For years they have refused to provide employees with a clear Job Description while they shout at every meeting that the role and expectations have changed. They are waiting for people to adjust into their new and force upon role so that they could use the legal claws to bypass liability for changing employee roles without their consent. This is unlawful and unethical. No wonder why people are not performing their best because nor only they dont have capable leaders, they feel like they are being conned by their leaders...

Well said, @x0+1kvzddfk0.


Amazon AGI layoffs

Sad to hear about the layoffs in the AGI division. It's always difficult to see talented people impacted, especially in teams working on such ambitious and important problems.

Does anyone have a sense of approximately how many people were affected?


Hughes - Another layoff round coming?

I've heard from people working in finance that Charlie has started looking at 2025 and 2026 financial numbers. Many of them have gotten direction to reduce costs where possible.
LFF people are moving to EXM/EXP to reduce rent costs.
Most of the other costs are the people.
Anybody heard anything from any senior execs about future turbulence? Do any of the teams even have people to shed? Aren't we lean enough as we are?


Kmart Warehouse Job Cuts Announced

Kmart plans to implement layoffs at its Bucks County warehouse. These workforce reductions are scheduled to occur on the same day as the asset sale concludes. The company has filed official notice regarding these planned job cuts. Further details are reserved for subscribers.

Bucks County, Pennsylvania

https://www.bizjournals.com/philadelphia/news/2026/07/21/sears-kmart-warehouse-sell-assets-layoffs-bucks.html