#layoff

TekSynap is planning to lay off 69 employees due to the conclusion of contract work. These layoffs will occur in three phases, starting in October and concluding by the end of December. The affected positions include wireless engineers, project managers, and network specialists. While many employees work remotely, the company's Virginia headquarters is listed as the affected site. TekSynap is exploring alternative assignments for some workers, which could reduce the total number of layoffs.

Reston, VA

https://patch.com/virginia/reston/reston-contractor-plans-69-layoffs-after-wireless-contract-work-ends

Anyone get NSI ahead of their termination date?

Corus Entertainment has implemented another round of layoffs, impacting employees at its Toronto radio station News 640, Global National, and Global BC. The company stated these changes are necessary to adapt to evolving business needs and ensure sustainable team structures. These recent cuts follow a previous reduction of 43 employees in mid-July. A company spokesperson assured that no news outlets will be closed as a result of these actions. The media company is currently awaiting regulatory approval for a proposed sale.

https://torontosun.com/news/national/corus-entertainment-layoffs-news-640-toronto-broadcast-staff

Wells Fargo has announced another round of layoffs, impacting 14 employees at its West Des Moines campus. This latest reduction brings the total number of job cuts for the company this year to over 320. These layoffs are scheduled to take effect in October. The bank has been systematically reducing its workforce since 2019, with significant cuts occurring in the Des Moines metro area. These actions are occurring despite the company reporting strong financial results in its most recent quarter.

West Des Moines, Iowa

https://www.desmoinesregister.com/story/money/business/2026/08/20/wells-fargo-layoffs-des-moines/91389852007/

Apple has reportedly laid off an entire team focused on virtual reality development. This move comes as the company shifts its priorities within its spatial computing division. The restructuring suggests a temporary pause on the VR category, with a new focus on AI and smart glasses. While the VR team has been significantly reduced, work on future iterations of the Vision Pro and smart glasses is expected to continue. This indicates a strategic recalibration rather than a complete abandonment of the VR/AR space.

Cupertino, California

https://appleinsider.com/articles/26/08/20/layoffs-in-apples-vision-products-group-prove-slow-progress-in-spatial-computing

I know there are layoffs happening this Monday 8/24. Does anyone have any intel on the scope?

Immediate Action Required - Important Information Regarding Your Employment

Dear Abby,

We are sharing some difficult news regarding your position.

After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day.

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I’m hearing that major cuts may be coming in the next couple of weeks, and it looks like VPs are being asked to provide numbers from each team. Please be cautious and consider exploring other opportunities as a backup. Unfortunately, these could be especially challenging times for anyone who has recently been on a PIP.

If the contract ends in December, will PCR, SICC, and ALC layoffs happen starting in October? Or will they cut us right before Christmas? I’ve been a PCR for 6 years. Preparing for my next move. About what percentage of the staff will remain? At least 25%?

Another IBMer in a PIP today. Anyone else is in PIP?

My Manager rated me 'needs improvement' and provided some comments after giving me additional work due to allocating more work after laying off a colleague year back. I used to have good ratings during previous 6 years with successful meet expectations.
Are these managers not trained, or what legal advice can I take or who should I talk to? EU employee.

Now that the DCG was booted, are we done with layoffs for a while? Or are the rumors of a 60000 headcount true? I told my friend at work he was just being paranoid, but I don't know what to trust anymore

I am not a financial person. Is this good or bad for potential future of layoffs.

Verizon's plan to redeem $1.25 billion of its 4.329% notes due 2028 in full on September 21, 2026, is generally good for the company's long-term financial health. It shows active balance-sheet management and reduces future interest obligations, though it requires a substantial cash outlay upfront.

Why It Is Good
Lower Interest Costs: Paying off these notes stops future interest payments on that $1.25 billion, saving money over time.

Strong Financial Confidence: Redeeming the debt early signals to the market that Verizon has enough cash or liquidity to handle massive obligations without trouble.

Cleaner Balance Sheet: Reducing total leverage makes the company look more stable to credit agencies and long-term investors.

The Downsides
Immediate Cash Outflow: Verizon must part with $1.25 billion plus a calculated make-whole premium and accrued interest all at once.

Opportunity Cost: That cash cannot be used elsewhere, such as investing faster in network infrastructure, funding new acquisitions, or boosting shareholder returns.

https://finance.yahoo.com/markets/stocks/articles/verizon-redeem-debt-securities-september-123000558.html

They are already underway with the now notorious 6:00 am emails. Kudos to the poster who included this link within a different, less active thread.

https://www.reddit.com/r/Layoffs/comments/1vs9a84/oracle_layoffs_no_longer_rumored/

Honestly this time I hope everyone that gets laid off are those who deserve it. Sick of seeing hard working friends get axed.

Those of us designated NSI, for performance reasons, politics, or just because some freak Project Manager with the stupidest hairstyle hated you, what are your thoughts during this 21 day decision period?
What are you likely to choose and why?

Please? I'd give anything to be shown the door with severance. I've grown to absolutely hate this place.

I am going heads down for the next 12 month until things get worse. We should lose EH in about 6 months.

Our agency missed 7 months in rolling 12, is the following statement from a previous post accurate?

"Agents that miss 7 months out of a moving 12 month measurement will get a 90 day terminaton notice in the 8th month."

Just got my Zoom meeting. Final separation date is Oct 23. Severance is salary/benefits/vesting through separation date plus 2 weeks of On Target Earnings (min 8 weeks) for commission employees.

Are there any rumors of fall layoffs after open enrollment? I'm not hearing the usual chatter but it seems to be a yearly event. It also seems to have been unusually long since the round. My mgr asked about my general flight risk in a meeting stating they were assessing the group plans. Is that a normal conversation? Our group is definitely not hiring. If anything it's shifting to more offshore.

Customers are not getting answers for weeks and months,
Issues not resolved and accumulating.
They thought Ai will resolve all issues for them and replace staff.
The remaining teams are understaffed.

I have an internal source who just shared with me the final review of layoff plans was concluded today. On Monday they will initiate early morning emails informing those being let go. Full severance.

Whatever consultants Wells hired for these rolling layoffs must have told them severance packages would mask the illegal discrimination well.

Located in a core location and received IM for mid year. Does ageism play role in this? I ask because like many others I have been a top performer but i am 59 years old. Does this mean I will be layed off soon or is it worth making effort to raise the score for year end?

With the onesy twosy layoffs still occurring why is there no info here on package? Weeks of severance? Weeks of cobra? , etc. has it drastically been reduced?

when is the next mass lay off date? Is it in the September? who is going to be impacted?.we see lot of new contractors at office locations and new positions are being opened overseas.

When does severance package begin if you were told day of notification was your last day? If 9/4, are you being paid through then w/regular pay?

At this point we all know several people who've been laid off. Some will tell you where they went and why, however others won't say who hired them. Its not like they're at risk of me stealing their newly acquired job, the only reason I can think of is they don't want a bunch of WF people to get wind of and go to their new company. Just seems crazy in this market to close the door behind you when you were in the same boat as others not too long ago.

CDW stock performance: Brutal

Past 5 years - DOWN -61.39%
Past year - DOWN -19.55%

Numbers don't lie, sharp pullbacks, volatile post-earnings reactions with margin concerns.

I saw the post about Greenville layoffs. Has anyone heard anything about other sites?

I have never met a bad person that got RIFFED. It was always the nice ones that were at or close to retirement . People look at it as a punishment but in reality it’s the company way of rewarding the good ones . The truth is everyone I know wants that package but too bad the company will determine who is deserving of it .

Maybe I wont take severance.

No severance, no non disclosure to sign.

A big fat book on the toxic Wells fraudo

Laid off yesterday after 15 years in retaliation for not wanting to take on even more work after basically taking on the work of three other people with no consideration for my capacity at all. It was definitely retaliation though I can't prove it. It su-ks that senior executives promote the global culture especially providing psychological safety but it doesn't actually exist and in fact toxic environments thrive. Don't know what my next steps are but there's freedom in not being stressed out about being behind in everything because you're overwhelmed with an ever-growing list of responsibilities and a leadership that doesn't care. Hopefully another division will scoop me. Nowhere to go but up from here

The first one is getting laid off. The second, and more revealing one, is not getting laid off because that means staying in a place we hate, watching the ship slowly sink while we're still on it. And I know of more and more folks who feel this way. Says a lot about T, doesn't it?

Heard September 10 is when store leadership will be told and will break the news to their team members the next morning. Is this true? I was fearing this because of the strong push with ESL rollout. Store scanners are useless now.

Only asking because I’m not sure if I should be actively seeking out employment before everyone else does.

Planning to be let go in the next few years. Thinking about early retirement.

Taking skills to smaller local shops in barter/trade for groceries, restaurants (food), clothing, baked good, etc..

I heard from my manager we’ll be loosing at least one person from our team and im assuming it’s part of a larger layoff.