#layoffrumor

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Employee information session | mandatory attendance on Tuesday Nov 10

Anyone else receive a 15-minute Employee Information Session invite from the CPO for November 10, sent to around 400 employees? The subject says “Mandatory Attendance,” but the description says attendance is recommended. Does anyone know if this is related to layoffs, restructuring, or general company updates?

Most of the people are from El Paso location
It’s quite interesting


City Council Budget Stalemate Threatens Jobs

Schenectady's City Council is struggling to pass the 2027 budget due to disagreements over a property tax increase and a significant deficit. A recent vote to override the state property tax levy limit failed, preventing the council from approving a revised budget that included a 15% tax hike. The city faces a deficit exceeding $14 million and is seeking state aid to avoid substantial layoffs and service cuts. Officials are continuing budget discussions, with potential impacts on city employees and residents hanging in the balance.

Schenectady, New York

https://wnyt.com/top-stories/schenectady-city-council-faces-budget-stalemate-with-potential-layoffs-on-the-line/


I used to ignore stock price.

it goes up, it goes down, the trendline is up. but nowadays, drops coupled with the debt level make me uneasy. growing profits and marketshare is a very slow game and i think they will try to slow things down and stabilize our position in the financial markets but massively cutting people (just like microsoft announced a few days ago).

thoughts? am i off here?


Lenovo Execs Are Licking Their Chops

With the chip market taking a dive and possible post election restrictions on datacenter growth, it’s inevitable that Lenovo ISG sales will crater. The only thing keeping them afloat is that they’re the only option when Dell and Supermicro don’t have supply. You can just feel that the higher ups will see this as an opportunity to make very deep headcount cuts soon. Time to update the resume!


Any intel on the WHO for next week?

Lots of talk about next week being the big layoff week, but not hearing a ton about which specific departments…. Any idea? There’s so much fat to trim in Plano/purchase and while I don’t want anyone to lose their job, there’s just a lot of do-nothings in the corporate side (I say as someone on the corporate side). I just don’t want frontliners to lose their jobs when there’s obvious cuts in the two HQs. Start with marketing, social media, communications and some of these “project managers” IMO.


Security Layoffs

I came across a post mentioning that Exposure Management, Cyber Defense, AI Security, and Network Operations roles could be eliminated as part of the restructuring and transformation planned for 2027.

Does this indicate that Verizon is planning to lay off its entire Security team, or is this similar to previous restructuring exercises, where lower-level bands are targeted to reduce headcount while protecting upper management positions?


City Faces Job Cuts Amid Budget Shortfall

City employees voiced concerns over potential layoffs during a recent budget hearing. Proposed austerity measures include an 18% property tax increase and a 4% reduction in the city workforce. Union representatives highlighted that vacant positions would exacerbate the impact on remaining staff. Officials are exploring new revenue streams to mitigate job losses. The city is grappling with rising expenses that outpace its income.

Saratoga Springs, NY

https://www.dailygazette.com/news/saratoga-workers-appeal-to-council-layoffs/article_b8f23421-a052-4c63-a6c4-3236c4cc6fe7.html


Toledo Faces Cuts After Tax Vote

Voters rejected a temporary income tax increase, forcing Toledo city leaders to consider significant budget cuts. The worst-case scenario includes approximately 73 layoffs, with a substantial portion affecting police and fire departments. Other potential reductions involve ending curbside recycling and closing city pools. City Council will review the proposed 2027 budget before making final decisions. These measures are necessary to balance the city's finances.

Toledo, OH

https://www.13abc.com/2026/11/05/toledos-worst-case-budget-plan-includes-about-73-layoffs-after-issue-16-fails/


Ithaca College Faces Staffing Cuts Amid Financial Woes

Ithaca College is confronting significant financial challenges, leading to discussions about potential faculty and staff layoffs. The administration is working to address an $8 million fiscal deficit projected by 2027. While a spokesperson confirmed a review of staff positions, they stated that faculty positions are not currently being targeted for elimination. The college has experienced years of financial struggles, a common issue for small liberal arts institutions. This news follows recent leadership turnover and a proposed restructuring of the college's academic schools.

Ithaca, New York

https://ithacavoice.org/2026/11/ithaca-college-layoffs-faculty/