#layoffrumor

That's the rumor I've been hearing, is it true?

Who will be out???

Any layoffs for home and community?

I've been here long enough to have noticed a pattern. Each year, around this time, there are cuts. It's not a massive round, but it's always something. A few people here, a few there, but it always happens like clockwork. If you've been here a while, you know what I'm talking about.

Rumors of a sick out on the system?

It’s a 💩show. Whos about to be canned?

By the way get ready for another lay off by the 29th Monday.

Is this true?

Or will there be more throughout the rest of the week?

Anyone here if Regional Construction are going to be laying off specialists? Just heard today that starting in September, CMO will be doing all Admin tasks (Construction Activation, As-Built, FIR, Etc.) on all Residential jobs (SDU/MDU) and Specialist will be doing all admin tasks for Commercial jobs. Concerning as we have many people that are 100% Resi and now if they do 0 admin work what are they going to be doing or needed for?

Biggest impact will be in the Northeast by my understanding.

Does anyone have any information on whether layoffs are coming to VBG, and if so, when?

With the rumor circulating that there is more money than previous put aside for severance packages. Does anyone know if they’re gonna offer voluntary separation agreements for the US?

Anyone have updates?

Executives in my space keep taking about July 1 as if it’s a giant reorg day. It is definitely implying layoffs in RMO. Anyone else hearing it? I thought it might be a new CEO but they did that last week. Probably too late to do anything other than step up the job search.

Rumors are flying about layoffs in July. Anyone know if this is real?

I overheard a conversation another layoff coming this July or August along the hallway. Is it true? I remember we had one last year around July/August/Sept. We spent more time worried about layoff and do the real work. I will planning to apply for Everpure or others. NetApp was great 15 years ago and now...... i just have to pretend to work. Tell me about my director talked about motivation and 10 billions. Good luck.

LPL's recruiter told me in March that there was a hold on hiring till end of May. This is now June. All of my applications are getting rejected without a phone call.

If not enough offers are accepted.

Is there any news about layoffs I should know about?

End of Q2 is upon us. Share if you have any info on upcoming displacements such as Groups/Dates.

I willl be interested to see if the 13% and the RIFs are the work of the troll.

Is this correct?

I believe tomorrow (6/23) is the notification day. Meetings usually get scheduled later in the evening for tomorrow morning
@a5+1kvr3808t

I heard from people that they training someone to do their job, what does that mean they are done or what?

This uncertainty is ki-ling me. Folks on this thread have talked about 13% of the workforce being RIF'd, multiple teams expected to be impacted and most of it being initiated today. Yet, not many have said a word about receiving that uncomfortable meeting invite. Just 1-2 people have confirmed getting it.

At what stage in this week can we breathe a sigh or relief? When will we know if we survived this round or not? Or were people simply trolling or exaggerating the numbers?

The uncertainty and anxious waiting period is worse than just knowing you're impacted!!

Both sides argued vehemently that the accidental lockout was (or was not) a coincidence with the surplus list from last week.

Now that the surplus has happened, we should know. Was anyone here who WAS locked out NOT surplused?

Report layoffs, layoff rumors and insider info here. I'll start: OI big time

Does anybody have more info? Too many rumors circulating to just outright ignore it, as much as I hope it isn't true.

That's usually a good sign, but I can't help still being a bit anxious. Is there anything to worry about?

Due to Sales not hitting their lofty goals they boasted about

MD let’s slip on a call Friday that there are layoffs coming mid July. What are you guys hearing?

Anyone hear a rumor about something coming in Auto Finance?

I've heard from employees there of pending Layoffs at Schwab in Phoenix, AZ. Especially for the tenured employees to hire new people much less cost.

I know several people who were riffed in June, and there are still rumors of larger global RIFs coming in July and August.

For those who make it through these rounds, whats the outlook for the rest of 2026? Do these cycles eventually come to an end, or is this just the new normal?

At this point, I’d rather be included in a RIF now while severance packages are still relatively generous.

So tired of this, let me work or let me go

Word on the street is that CVS is potentially getting rid of the operations manager position, and making people go up to Store manager or down to shift supervisor. Can anyone confirm if this is true?

I joined Citibank London very recently. Just last week my director announced that they’re leaving the team as part of a new org structure and our team will be reporting to a new director.
I’m worried if this could be a prelude to layoffs. Does anyone know of any news in London?

Rumor has it that Refining and Commercial ELT members are on their way out.

Lots of meetings taking place in commercial following the Q1 hole we dug for ourselves. Looks like Mandell will be the one to pay for it, with a “retirement.”