#layoff

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Cboe Reduces Staff for Core Business Focus

Cboe Global Markets is eliminating approximately 20% of its workforce. This restructuring aims to focus on core exchange businesses. Approximately one in five employees received layoff notices Friday. The company is also selling its Canadian and Australian operations. This realignment is expected to save $20 to $25 million in 2026.

https://qz.com/cboe-layoffs-workforce-reduction-core-businesses-050126


Layoffs Trigger Heightened Nepotism and Cronyism

It's time to say the quiet part out loud. Have you ever wondered why upper leadership are so terrible at their roles, have no expertise related to their core functions, and can hardly string together a coherent sentence? It's because they were never qualified to begin with. VPs, Sr. Directors, Directors, etc., they're school mates, college roommates, they attend the same church. That incompetent Associate Director who somehow gets away with doing no work at all? Well, the VP just so happens to be his uncle Dave. Uncle Dave even fashioned the role description with his nephew in mind. The truth is that...you never had a chance.

The recruiters are aligning the resumes of their friends and families to hiring manager specifications, and influencing the hiring decisions. Think you're a perfect fit for the role? Well, so does the recruiter. So much so, that they ensure your resume isn't seen by a hiring manager. It's important for them to quell the competition, after all.

Nepotism and Cronyism aren't new, but have increased in this abysmal job market. If you're not getting interviews, you aren't to blame. If you're making it to the final rounds of interviews but have no luck, it’s because you're being used by the hiring manager to meet an interview quota...they were never genuinely interested in you.

For all you overachievers who are excellent at your roles, your leadership feels the same way—which is precisely why you're being blocked from promotion. They want you to remain right where you are.

So, don't blame yourself. You're not imagining things and you haven't done anything wrong. You are just navigating a system that was never made for you to win. The good managers who support their teams are purged while Incompetence reigns supreme. But don't give up. If VP uncle Dave is trying to squeeze his niece or nephew into that management role...let's not make it easy for him 😉.


Layoffs Trigger Heightened Nepotism and Cronyism

It's time to say the quiet part out loud. Have you ever wondered why upper leadership are so terrible at their roles, have no expertise related to their core functions, and can hardly string together a coherent sentence? It's because they were never qualified to begin with. VPs, Sr. Directors, Directors, etc., they're school mates, college roommates, they attend the same church. That incompetent Associate Director who somehow gets away with doing no work at all? Well, the VP just so happens to be his uncle Dave. Uncle Dave even fashioned the role description with his nephew in mind. The truth is that...you never had a chance.

The recruiters are aligning the resumes of their friends and families to hiring manager specifications, and influencing the hiring decisions. Think you're a perfect fit for the role? Well, so does the recruiter. So much so, that they ensure your resume isn't seen by a hiring manager. It's important for them to quell the competition, after all.

Nepotism and Cronyism aren't new, but have increased in this abysmal job market. If you're not getting interviews, you aren't to blame. If you're making it to the final rounds of interviews but have no luck, it’s because you're being used by the hiring manager to meet an interview quota...they were never genuinely interested in you.

For all you overachievers who are excellent at your roles, your leadership feels the same way—which is precisely why you're being blocked from promotion. They want you to remain right where you are.

So, don't blame yourself. You're not imagining things and you haven't done anything wrong. You are just navigating a system that was never made for you to win. The good managers who support their teams are purged while Incompetence reigns supreme. But don't give up. If VP uncle Dave is trying to squeeze his niece or nephew into that management role...let's not make it easy for him 😉.


Layoffs Trigger Heightened Nepotism and Cronyism

It's time to say the quiet part out loud. Have you ever wondered why upper leadership are so terrible at their roles, have no expertise related to their core functions, and can hardly string together a coherent sentence? It's because they were never qualified to begin with. VPs, Sr. Directors, Directors, etc., they're school mates, college roommates, they attend the same church. That incompetent Associate Director who somehow gets away with doing no work at all? Well, the VP just so happens to be his uncle Dave. Uncle Dave even fashioned the role description with his nephew in mind. The truth is that...you never had a chance.

The recruiters are aligning the resumes of their friends and families to hiring manager specifications, and influencing the hiring decisions. Think you're a perfect fit for the role? Well, so does the recruiter. So much so, that they ensure your resume isn't seen by a hiring manager. It's important for them to quell the competition, after all.

Nepotism and Cronyism aren't new, but have increased in this abysmal job market. If you're not getting interviews, you aren't to blame. If you're making it to the final rounds of interviews but have no luck, it’s because you're being used by the hiring manager to meet an interview quota...they were never genuinely interested in you.

For all you overachievers who are excellent at your roles, your leadership feels the same way—which is precisely why you're being blocked from promotion. They want you to remain right where you are.

So, don't blame yourself. You're not imagining things and you haven't done anything wrong. You are just navigating a system that was never made for you to win. The good managers who support their teams are purged while Incompetence reigns supreme. But don't give up. If VP uncle Dave is trying to squeeze his niece or nephew into that management role...let's not make it easy for him 😉.


Most of the layoffs weren't controllable

Looking at who was let go, I saw some patterns and it was hard for me to see this:

  • Function-specific: projects that weren't critical (anymore) or at the tail end of the delivery
  • Location specific: ATC, PTC, remote, etc.

A smaller group of people in critical roles were also let go. This is just my theory and my opinion: They either had a salary hard to justify for what they do, or were hard to work with (or both)


Waves of Layoffs

They have been laying off various engineers in software development and electrical/biomedical design teams for a couple weeks now. Not sure when it will be over.

They are also planning on laying off members of various avionics teams.


Yanfeng International Plant Faces 155 Job Cuts

Yanfeng International announced 155 permanent layoffs. The layoffs affect its Chattanooga plant on Bonnyshire Drive. This action likely means the plant's complete closure. Economists view this as part of a broader industry slowdown. More than 500 jobs will be permanently laid off in the area by June.

Chattanooga, Tenn.

https://www.wdef.com/yangfeng-announces-155-permanent-layoffs-in-chattanooga/


Church & Dwight Inc. Plans 195 Layoffs at Pennsylvania Plant

Church & Dwight Inc. announced 195 employee layoffs. These job cuts are planned for June 30. The affected facility is in Jackson Township, York County. This information was filed in a state WARN notice. The company manufactures personal care and household goods.

Jackson Township, Pennsylvania

https://www.eveningsun.com/story/money/2026/04/30/york-county-plant-announces-nearly-200-layoffs-in-june-2026/89881235007/


Sonoma Valley Unified Board Eyes Staff Cuts, Union Agreements

The Sonoma Valley Unified School District Board of Trustees will meet next week. Trustees are set to consider approving significant employee layoffs. These proposed reductions include certificated and classified positions. The board will also review new union contract agreements. These agreements propose salary increases and a one-time bonus for employees.

Sonoma, California

https://www.sonomanews.com/2026/04/30/votes-on-layoffs-union-contracts-on-sonoma-valley-unified-board-agenda/


Ysleta ISD Considers Layoffs Amid Enrollment Drop, Tax Vote

Ysleta Independent School District faces a significant budget deficit. Superintendent Xavier De La Torre is considering future layoffs for 2027. This possibility stems from declining student enrollment and state funding losses. The district hopes a November tax ratification election will boost revenue. YISD previously offered separation incentives, with 160 teachers accepting.

El Paso, Texas

https://elpasomatters.org/2026/04/30/ysleta-yisd-vatre-tax-ratification-election-layoffs-enrollment-teacher-attrition/


Harrisburg Jewish Group Faces Layoffs

The Harrisburg Jewish Federation faces financial difficulties. Its campus operations are no longer sustainable. This situation will result in upcoming layoffs. The organization must address its viability. Employee reductions are anticipated soon.

Harrisburg, Pennsylvania

https://www.abc27.com/video/harrisburg-jewish-federation-campus-unsustainable-layoffs-loom/11750400/


Attleboro City to Cut Positions

Attleboro Mayor Cathleen DeSimone announced upcoming layoffs. The city faces a $2.5 million budget deficit. Six to seven full-time positions will be eliminated. Rising health insurance costs are the primary cause. The city will balance its budget through these cuts and free cash.

Attleboro, Massachusetts

https://www.thesunchronicle.com/news/local_news/mayor-says-layoffs-planned-in-attleboro/article_e32df097-c7e1-4132-92fa-38f33be511bc.html


Two bad years for two big firms

Portland experienced a significant job decline in 2025. This loss is largely attributed to struggles at Intel and Nike. Intel announced 4,500 layoffs, and Nike announced 740 layoffs. These job cuts stem from internal company decisions and market challenges. The article argues these issues, not local business climate, caused the decline.

Portland, Oregon

https://cityobservatory.org/two-bad-years-for-two-big-firms/


Contra Costa District Rescinds Majority of Layoff Notices

More than half of classified layoff notices were rescinded. Contra Costa Community College District officials made this decision. They aim to stabilize the budget and limit employee impact. Specifically, 69 of the 120 initial notices have been withdrawn. However, many employees still face ongoing job uncertainty.

Contra Costa County, California

https://lmcexperience.com/news/2026/04/30/layoffs-partially-reversed/


PPS Layoffs Loom; Governor Blocks Access to State Fund

Portland Public Schools faces a $56.3 million budget deficit for the upcoming year. Superintendent Dr. Kimberlee Armstrong proposes 336 full-time employee layoffs, including 180 educators. The district and its teachers union urge the state to tap a $1 billion Education Stability Fund. However, Governor Tina Kotek and the Legislature are not interested in releasing these reserve funds. Declining enrollment, high pension rates, and increasing personnel costs contribute to PPS's budget woes.

Portland, Oregon

https://www.wweek.com/news/schools/2026/04/30/calls-to-tap-state-education-reserves-continue-as-pps-proposes-hundreds-of-layoffs/


7-Eleven Restructures Operations, Announces Layoffs

7-Eleven is undergoing a company-wide reorganization. This restructuring includes an undisclosed number of employee layoffs. The changes affect various departments and leadership roles. This initiative is part of the retailer's broader transformation plan. The company aims to streamline operations and align with strategic priorities.

https://www.cstoredive.com/news/7-eleven-implements-company-wide-reorganization-layoffs/818984/


Layoff running totals based on Slack

Tracking participants count #general Slack channel in Oracle One workspace, as the fastest available proxy indication of ongoing layoffs.

  • apr01-apr30: 2286 reductions, and 1583 additions (based on Slack regular tracking)
  • mar01-mar31: 12446 reductions, and 844 additions (based on Slack regular tracking)
  • feb01-feb28: 943 reductions, and 1143 additions (based on Slack regular tracking)
  • jan01-jan31: 1604 reductions, and 1834 additions (based on Slack regular tracking)
  • dec01-dec31: 1031 reductions, and 844 additions (based on Slack regular tracking)
  • nov01-nov30: 1614 reductions, and 1327 additions (based on Slack regular tracking)
  • oct01-oct31: 2504 reductions, 1762 additions (based on Slack regular tracking)
  • sep02-sep30: 6275 reductions, 861 additions (based on Slack regular tracking)
  • aug14-sep01: 733 reductions (based on Slack very few data points)
  • aug01-aug14: ?2900 reductions in IDC (based on media reports)

Regions outside IDC and NA usually have a significant delay when laid off people are disconnected from Slack (e.g. 1 month in Pacific regions, perhaps longer in some EU countries), so this is a floor estimate with additions reflected immediately, but reductions lagging behind on average.

What is called "layoff estimates" are partially part of normal attrition, limitations are covered in details in comments.

I will post daily in comments on the count change and running current month total while this post is still on the first page.


After mass layoff ShitTel is selling sh-t for profits !

Dumping sh---y products on over the market.
Brought back stuffs from trash to SELL

Hurry hurry hurry … BUY ALL YOU CAN the ShitTel stocks like there is no tomorrow

https://www.msn.com/en-us/news/other/intel-turns-scrap-chips-into-profit-amid-ai-driIntel turns scrap chips into profit amid AI-driven CPU shortageven-cpu-shortage/gm-GM52F9850A

https://wccftech.com/intel-selling-cpu-dies-it-used-to-throw-in-the-trash-ai-demand-turns-scrap-into-profts/

https://www.tomsharIntel reportedly says it boosted yields by selling what would normally be 'scrap' or 'low-expectation' CPUs — customers more willing to accept lesser chips due to overwhelming CPU demand | Tom's Hardwaredware.com/pc-components/cpus/intel-reportedly-says-it-boosted-yields-by-selling-what-would-normally-be-scrap-or-low-expectation-cpus-customers-more-willing-to-accept-lesser-chips-due-to-overwhelming-cpu-demand


severance doc

I was laid off and am told I won’t get the severance doc for over a month.

Ummm…. that makes no sense. So I don’t know if I’m allowed to look for (and take) a job right now or not? Do I have to wait until my “last paycheck” even though I’m literally not an employee.

Surely someone knows a definitive answer to this and/or has a severance doc to read from to find out.

Sitting on my hands waiting until my last paycheck is asinine in my financial situation.

I don’t want to lose my severance but nike has stated they don’t want me working their either so….


If you were laid off in 2026, please read

As someone who was let go from another company, here are a couple of things I'd tell my younger self:

  • Take some time to process everything that happened and what it means to you financially
  • It's almost impossible not to speculate why YOU. Whether there was a specific reason or not, it doesn't matter anymore
  • Connect to that ex-Nike linkedin group. I heard good things
  • Once it is all said and done, avoid coming back to this site

You'll feel the urge to state your opinion, and share something like "see, I knew this was going to break!". As someone who actually did this, I only regret my decision of doing so, because it took me longer to move on from being let go.

I have seen d-mb decisions that had to be rolled back later on. I'm sure Nike has done some d-mb stuff that will have to be undone. But, if I were you, stop checking this site if you no longer work here. I've only found helpful to know when these reorgs would happen so I can start prepping my resume/interviews in the event that I am cut off.

have a great one


Career progression in Iinfineon - Dead End finished by layoff

The career progression is like this: You work to improve yourself over 25 years in semiconductors. You will become an expert who can resolve all special taks. save money, improve yield and make projects successfull. Everybody is happy, but.....the salary increases over years......Finally they will lay you off because your salary is too high, higher than graduate´s salary. Managment does not understand that what moves the company forward is the technical experties and speed. It is not important anymore, what only matters are cheap incompetent graduates who are asap hired mainly from none technical fields because they are cheaper than graduates from technicial fields. All slows down, projects slow downs or crash, problems remain unresloved, yield is terrible, customers lots..... Well seniors are fired and youner ones cannot cope with it.... Solution? They repeat the same mistakes over and over.....Perhaps the company shall be renamed to "Inferno Hindmalay Semiconductors Technologies GmbH".


Newport Schools Budget Gap May Force Staff Restructuring

Newport Public Schools faces a substantial budget shortfall. The district projects a $2 million deficit for the 2026-2027 school year. Superintendent Jermain indicated that restructuring will likely be necessary. Potential layoffs are also under consideration to address the gap. Structural funding issues and inflation contribute to this financial pressure.

Newport, Rhode Island

https://whatsupnewp.com/2026/04/newport-public-schools-facing-2m-shortfall-with-restructuring-and-possible-layoffs-ahead/


Wren Kitchens Sued After Abrupt Job Terminations

A lawsuit has been filed against Wren Kitchens. This legal action follows recent mass layoffs. The company's job cuts were reportedly abrupt. The lawsuit addresses these sudden terminations. Affected employees were located in Northeastern Pennsylvania.

https://www.audacy.com/wilknews/news/local/lawsuit-filed-against-wren-kitchens-over-abrupt-mass-layoffs-in-nepa