#layoffs

OK, so I have sympathy for everyone who's impacted, and nobody deserves this. They don't need to get rid of all the directors and VPs because some of them actually know what they're doing. But seriously, and objectively, they should get rid of the ones who have no understanding of the ins and outs of the team. Their biggest contributions are taking credit for their managers' and ICs' work, creating unnecessary bureaucracy, and dragging everyone into endless, pointless meetings. The team/org would honestly run much better without them.

Recent Town Hall someone asked about more layoffs and the answer was clear - Enbridge isn’t doing any more mass layoffs. So they told us what we want to hear but they are just playing games. They are doing micro layoffs instead and just keeping quiet about it.

Is anyone on this meeting with Marissa??? What is happening….. why are they allowing people to change their minds. What a poorly lead organization. This is PHCO. We can also request a negotiation of our separation date…………

Was just laid off today. Cloud Engineering. I know of at least 6 others

No involuntary layoffs before September?

Large number of them can be replaced with AI far easier than your lower level SMEs.

Every two years, coincidence? Lets see how many will be cut in year 2028

https://www.uscis.gov/tools/reports-and-studies/h-1b-employer-data-hub

Saugata Saha first task should be to finailize the Comp Plans. Its July 31st. 7 Months in and we still dont have a comp plan.

Take a look at product. Bodies are being moved around like chess pieces for protection while honest hard working people are getting cut. Eventually y'all will be checkmate.

Visa is implementing significant layoffs, cutting 2,600 jobs, which represents nearly 7% of its total workforce. This decision comes despite the company reporting substantial double-digit revenue growth in its latest financial quarter. The payments giant is strategically realigning its operations to enhance efficiency and integrate artificial intelligence more deeply into its processes. This move by Visa follows similar workforce reductions announced by other California-based companies, including Intel, Uber, and Patreon. These collective actions highlight a trend of restructuring and automation impacting various sectors within the state.

San Francisco, California

https://www.latimes.com/business/story/2026-07-29/california-companies-announce-almost-3-000-more-layoffs

Whatever you just saw was 7%. No where is that anywhere near enough for whatever Visa is trying to achieve as part of the 2030 strategy that is constantly being touted.

Layoffs will be an annual strategy moving forward. More offshoring to lower cost regions like Poland. For those teams with sister teams in lower cost regions, you're merely training your future replacements.

By the time Ryan and Rajat leave the company, Visa will be a shell of its former self, and they'll just point to CBDCs as the cause instead of take accountability for their actions.

Someone on glassdoor said they got laid off this morning. Anyone else hear anything?

Electronic Arts executives received substantial bonuses despite recent employee reductions. CEO Andrew Wilson was awarded nearly $39 million, with other senior leaders also receiving multi-million dollar payouts. These bonuses were reportedly tied to the successful achievement of game development and performance milestones. The company's report detailed successes across franchises like Battlefield, EA Sports FC, Apex, Skate, and The Sims. This compensation structure has drawn attention following the undisclosed number of non-development roles eliminated in the US and India.

Redwood City, California

https://insider-gaming.com/ea-ceo-bonuses-layoffs/

The last few years of your career should be your best and most enjoyable as you are supposed to be in roles where you can mentor for succession planning to keep your investment in the company and stock prices continue to rise. XOM has now made those people a target to eliminate. I see senior technical people retiring and some surprisingly resigning before retirement eligibility in a company that is already stretched for talent and experience. Once they get rid of the NRE's which is evident in their plans, there won't be anyone to pass on the practical knowledge on to the next generation. But, do they care?

Dell will be worth exactly 3 percent of today’s market value and 82 percent of its employees will be gone. Rough rough rough times ahead for Dell. Get your popcorn

Heard about 15 in R&D

With the cuts to stuff by the trump admin this was going to happen. For most of us, long term finding work not directly affected by d-mb populist government decisions is probably going to be a good thing.

Next round will be layoffs focused on VPs of all levels and Directors of all levels. Any director with a small number of direct reports to be fired.

Several major healthcare systems have recently announced significant workforce reductions. Dignity Health is laying off 139 employees across two hospitals in California. Adventist Health is also cutting 132 roles as it centralizes certain functions. These actions reflect ongoing financial pressures and strategic realignments within the healthcare industry. Many organizations cite rising costs and the need for operational efficiencies as reasons for these difficult decisions.

• California*

https://www.fiercehealthcare.com/finance/fierce-healthcare-layoff-tracker-2026-job-cuts-eliminations-health-systems-hospitals

Interviewed a bunch of Freddie Mac employees, each of them shared that layoffs are coming. Both in single family division.

July saw significant turmoil in the cryptocurrency industry, with six platforms ceasing operations and seven others implementing substantial workforce reductions. This period highlights a challenging market environment, impacting both established exchanges and infrastructure providers. Several companies cited market conditions and strategic shifts as reasons for their closures or downsizing. The trend suggests a broader industry consolidation and a reevaluation of business models. This wave of closures and layoffs paints a stark picture of the current state of the crypto sector.

https://egw.news/crypto/news/36434/cryptos-bad-month-six-firms-collapse-seven-more-gu-4k1Tgtmg5

I encourage you all to watch the latest episode. While they didn’t state official reduction numbers, Sarah did allude that 4/5 people laid off will be from the VSP.

For an example, if the reduction goal is 5000 individuals then approx 1000 individuals will be laid off involuntarily.

Of course it is still vague information, but hopefully it helps some of you who are worried about an equally wide-spread involuntary RIF.

Federal data indicates a rise in planned layoffs for July, primarily affecting the technology and manufacturing sectors. These workforce reductions are attributed to increased uncertainty, the integration of AI, and a desire for greater efficiency. While the overall labor market remains stable with low unemployment, hiring has become more selective. Experts suggest these layoffs represent structural shifts rather than a broad economic decline. The trend points to a cautious hiring environment as companies adapt to evolving industry needs.

U.S.

https://www.newsweek.com/list-of-companies-laying-off-employees-in-july-12128209

So i just called the VSP line and inquired about my designated separation date of March 19,2027, whether that’s going to change. The lady I spoke to says that’s unlikely to change.
Thoughts?

I just saw, Nike 1st quarter 2027 and I will declare that it was extremely underwhelming to say the least. There was some sign of life in running but everywhere else, it was just not easy to be enthused.

So anyone hoping to Nike turnaround, I am afraid that for at least for more than 6 months, they will not show up.

And if things will continue as is then I am afraid that some point they will be LAYOFFS.

With our leader EH proving that he is not adept for the job of turnaround, I am pretty pessimistic.

I am 47 year Nike independent dealer and I have seen all. Great time and bad times (like when Reebok came and kicked Nike's a-s) but this time, I have a distinct feeling that Nike is sinking and going to dark end.

And be a RAT!!! Jump the ship before it start sinking LOL

I feel like we could argue that layoffs were gonna happen anyway- but anyone know?

First order of business is give everyone a raise and stock options one the stock crashes this fall. Second order of business is to fire all the managers and leaders. 3rd order of business is to get rid of the coffee machines. Jd

700 jobs
20% of group leaders

All of us who're still here can't even relax knowing we're guaranteed to see more rounds most likely already later this year. We've entered the stage where layoffs are a part of the norm, unfortunately.

yes some people are being moved to the okc tower, but where will Devon be in 5 years? Constant re-orgs and layoffs have left Oklahoma hollowed out as a destination for oil and gas workers

Referring to claims but may be other departments too. I really didn’t think it could be worse than rock bottom but here comes big blue with the excavator. My manager used to be ok but he is becoming militant and aggressive, due to those above him. A low performer on the team got fired. Threats of performance management for missing a single metric. More and more being dumped on the plate. This job has always been a toxic cesspool, but somehow it’s getting worse

I know the hot topics are the VSP and layoffs, but does anyone know what the restructuring will look like.