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CNBC Select Offers Financial Preparation Tips for Layoffs

U.S. employers announced a significant increase in layoffs recently. This trend highlights the importance of financial preparedness for workers. Experts recommend creating an emergency budget and building savings. Negotiating severance packages and understanding tax implications is also crucial. Workers should prioritize emergency funds over credit cards or retirement withdrawals.

https://www.cnbc.com/select/4-resources-to-help-you-feel-financially-prepared-for-layoffs/


3 pets, 7 team members or Thinking in Thrive Boxes for Simpletons

How will my manager manage?

She has 3 pets, 2 performers, 2 under performers.

How will she fit them in the corporate Thrive boxes? With only $16,485.38 cents for raises, 2 of the pets are going to be punished by being forced into the performer box.

I do not see this working out well for my teammates. Feels like more undocumented RIF actions than NetApp's move important asset.

WDGSTIF? Who Did George Steal This Idea From? Oh, well his twin brother of course.


Major Job Cuts Hit New Jersey Workers

New Jersey employers announced nearly 4,000 job cuts in the first two months of 2026. Amazon alone expects to cut over 800 jobs across several New Jersey counties. JPMorgan Chase and Citibank also filed notices impacting hundreds of banking positions. Bristol Myers Squibb and health insurers like Blue Cross Blue Shield will also reduce staff. An economics professor views these figures as small relative to the state's overall economy.

https://www.nj.com/news/2026/03/as-thousands-face-layoffs-in-nj-these-are-the-jobs-that-are-going-away.html


Do Visa workers ever get laid off?

I've been through a few layoff cycles and I don't remember ever once an employee on a H1B visa or any other work visa getting let go. H1B visa holders are considered temporary workers. Why are full time employees let go before temporary employees? Soon all of Nike will be visa workers. The American dream is for everyone except Americans.


Meta laying off 20% of workforce

Working in tech is such a reliable way to plan to raise a family, with long-term employment stability.

https://www.reuters.com/business/world-at-work/meta-planning-sweeping-layoffs-ai-costs-mount-2026-03-14/

NEW YORK/SAN FRANCISCO, March 13 (Reuters) - Meta (META.O), opens new tab is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as ‌Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.


Corporate Riffs Again?

Last year during March 19th they had layoffs of corporate employees, tech was hit the hardest. That was due to a series of decisions they made during a leadership offsite. Similar pattern this year (late Feb) they had a leadership offsite. From what I had exposure to they are finalizing headcount and growth, but also eliminating anything that isn't a priority for 2026/2027 (even if it's needed to manage Wayfair ops and technology). This all depends on how well your L6/L7 told your STO story.

Something is coming but I not sure about the scale or when. This could be a series of small restructures or a wider riff. I suspect March 16 to 30th we'll hear something. Please share anything you know to support your peers.


Layoff rumors????

Been seeing a lot of comments on earlier posts about rumors of layoffs. Was wondering if there is a similar pattern between now and the last significant layoff in 2023? Just want to be prepared and not caught off guard. Thanks! (Apparently PNC didn’t file warn notice for that round)


Trulieve Cuts Jobs Despite Record Profits

Trulieve, Florida’s largest medical mari--ana company, announced layoffs. Over 50 employees at a Clearwater call center will be affected. The company cited business restructuring for the permanent mass layoff. This decision followed a report of $1.2 billion in 2025 profits. Trulieve also reported record cash flow last year.

https://www.wfla.com/news/pinellas-county/trulieve-announces-mass-layoff-at-clearwater-call-center/amp/


Ashley Furniture Closes Mesquite Plant, Over 260 Laid Off

Ashley Furniture is closing a production plant. This plant is located in Mesquite. More than 260 employees will be laid off. The company maintains a distribution hub nearby. It hopes some affected workers can transfer there.

Mesquite, Texas

https://www.bizjournals.com/dallas/news/2026/03/12/ashley-furniture-layoffs-mesquite-manufacturing.html


Rockford Public Schools Lay Off 110 Employees

Rockford Public Schools announced layoffs. This action addresses a projected $15 million budget deficit. The district will lay off 110 central office and non-classroom employees. These cuts are part of a restructuring plan. The goal is to maintain long-term financial stability.

Rockford, IL

https://www.rrstar.com/story/news/local/2026/03/12/rockford-public-schools-to-cut-jobs-to-close-budget-deficit/89125389007/


Cree Lighting Closes Racine Facility, Lays Off 172

Cree Lighting is shutting down its Racine, Wisconsin manufacturing operation. The company eliminated 172 positions, with separations starting immediately on March 12. This closure ends all manufacturing activities at the Racine site. Limited business functions, like R&D and sales, will continue there. Cree Lighting cited a "faltering company" exception for not providing 60-day layoff notice.

https://inside.lighting/news/26-03/cree-lighting-furlough-ends-facility-shutdown-layoffs


Walgreens Among Firms Announcing Illinois Layoffs

Multiple Illinois companies have issued Worker Adjustment and Retraining (WARN) Act notices. These notices indicate upcoming layoffs for hundreds of employees statewide. Walgreens announced over 400 job cuts at its Deerfield headquarters and other locations. H&M also reported 181 layoffs as part of a restructuring plan. Other companies like First Brands Group and Wells Fargo also filed notices.

https://www.nbcchicago.com/news/local/hundreds-of-workers-across-illinois-to-be-laid-off-in-coming-months-warn-act-shows/3906996/


DOL Funds Nebraska Worker Aid After Tyson Plant Closure

The U.S. Department of Labor awarded a grant to the Nebraska Department of Labor. This grant totals $1,671,239 for employment and training services. It assists individuals affected by the Tyson Foods Inc. plant closure. Tyson Foods closed its beef processing plant in Lexington, Nebraska. This closure resulted in 3,200 worker layoffs.

Lexington, Nebraska

https://www.beefmagazine.com/market-news/dol-awards-1-6m-in-assistance-after-tyson-beef-plant-layoffs


Hour Media Cuts Most Utah Magazine Roles

Hour Media acquired three Utah magazines in February. These include three prominent Utah lifestyle publications. Most employees were laid off one month later. Eight of eleven staff members lost their positions. The Detroit-based owner, Hour Media, offered no comment.

Salt Lake City, Utah

https://www.sltrib.com/artsliving/2026/03/12/layoffs-utah-lifestyle-magazines/


Fresno Unified Board Approves 500 Position Reductions

The Fresno Unified Board approved resolutions for staff position reductions. This decision initiates a process for potential layoffs or reassignments. Approximately 500 total positions are impacted by these changes. The reductions aim to address a projected $55 million budget deficit. Affected staff will receive final notifications by May 14.

https://fresnoland.org/2026/03/12/fresno-unified-layoffs-and-reductions/


CFA Opposes Proposed Faculty Layoffs at CSU Bakersfield

The California Faculty Association (CFA) demands CSU Bakersfield avoid faculty layoffs. CSU Bakersfield management notified CFA of potential layoffs due to a projected budget shortfall. This would be the second round of faculty layoffs in three years for the campus. CFA argues these layoffs are unnecessary given increased enrollment and proposed state funding. The union also highlights recent executive salary increases within the CSU system.

Bakersfield, California

https://www.calfac.org/cfa-demands-csu-bakersfield-to-avoid-layoffs-preserve-faculty-ability-to-serve-students/