#layoffs

We've hired 500+ H1Bs in first 8 months of 2026. All while we laid off 1000s of Americans.

I've posted the source below, it's from dpt of labor, but H1BHQ.com lets you search it - will run analysis on the numbers and will reply to this post.

Source

https://h1bhq.com/search?employerSlug=CITIBANK-N-A&fiscalYear=2026&pageSize=25

I averaged salaries per job title - will run numbers on cities and dates:

Financial Solutions Senior Group Manager -- $250,000
Trader -- $225,000
Quantitative Analyst -- $225,000
Digital Software Engineer Senior Lead Analyst -- $220,000
Balance Sheet Management Senior Lead Analyst -- $198,255
Specialized Analytics Lead Analyst -- $197,150
Engineering Group Manager -- $188,014
Applications Development Technical Lead Analyst -- $176,562
Data Analytics Senior Manager -- $175,502
Applications Development Senior Manager -- $167,271
Digital Software Engineer Lead Analyst -- $165,591
IT Business Lead Analyst -- $165,490
Applications Development Tech Lead Analyst -- $160,873
Applications Development Technology Lead Analyst -- $160,081
Data Analytics Lead Analyst -- $159,804
Model/Analysis/Validation Officer -- $157,673
Applications Support Tech Lead Analyst -- $157,572
Engineering Lead Analyst -- $157,153
Applications Support Technical Lead Analyst -- $156,349
Information Security Technical Lead Analyst -- $156,162
Credit Portfolio Officer -- $155,325
Applications Development Senior Programmer Analyst -- $151,039
Application Support Technical Lead Analyst -- $149,036
Digital Software Engineer Senior Analyst -- $146,400
Applications Development Manager -- $145,642
Digital Tech Program Lead Analyst -- $145,338
Modeling/Analysis/Validation Officer -- $145,000
Data Science Lead Analyst -- $142,378
Model/Analysis/Validation Senior Analyst -- $129,035
Digital Software Engineering Senior Analyst -- $129,000
Product Developer -- $124,200
Credit Portfolio Senior Analyst -- $124,050
Regulatory Risk Officer -- $68,316

Raw Data:

https://hastebin.com/share/oyezoleboc.swift

Can we get back to the purpose of this site? When are the layoffs coming, who’s impacted? Somebody knows something!

Previous post saying September but September is over next week.

We’ve heard of massive Volvo layoffs coming, partly through attrition, but many more to be directly affected. Anyone heard anything more definitive?

Just saw one of the fastest thread takedowns I think I've ever seen. It may have been there a minute or two before I saw it but I was in the middle of responding to it when it disappeared. 😂

I guess it was one of the trolls at T bragging about their new AI something or another that was in the news today.

But it got me to thinking.

What are we doing with our wireless network right now?

I have no idea what we've done recently to improve it.

All I hear about is dark fiber, data centers and free AI training for the nation.

And with T getting two big announcements in two days for their 5G improvements, is Dan's plan to actually let the wireless side kind of fizzle out?

Wireless does seem to be the focus of a lot of the layoffs lately unless I am mistaken.

Any info on the next round? I hate holding my breath every year when it starts happening. Just me?

Verex pharmaceuticals is notorious for having "layoffs".

It boils down to whomever does not fit this mysterious company culture where asking questions is considered offensive or uncalled for.

How do you exhibit change towards being more successful without asking questions??

With this new H1B rule, IBM, with quarterly layoff, will no longer be able to onshore Indians to take US Citizen's job. This rule must extend to existing H1Bs already in USA to replace them with US Citizens who are likely better qualified.

https://news.bloomberglaw.com/daily-labor-report/white-house-h-1b-order-puts-employer-layoffs-under-microscope

Hey, Comcasters! Let's help each other out. List your best tips, tricks, or advice for on what to do to maximize Comcast benefits before being laid off.

• For example, Flex Days and Floating Holidays are not paid out, but vacation days are. So, use your Floating Holidays first, then your Flex Days, and save your vacation days for last.

• Also, take advantage of your EdAssist educational benefit, which provides up to $8,000. According to the PDF, you become ineligible on the day you are notified of your layoff, so be sure to submit your request before you receive notice.

Comcast has perfected a strange kind of prison: one where the doors are technically unlocked, but everyone is too afraid to walk out.

That was Comcast for me. Sad energy. Re-org after re-org. Everyone seemingly operating with cortisol dialed sky high, with the stress slowing ki-ling them.

And I kept asking myself: why do you guys choose to be a Comcast corporate slave? Is the paycheck really worth surrendering that much of your time, energy, and peace?

The only difference between being a slave back then and today is that you have to house and feed yourself.

Three long-term IBM employees allege they were fired to make way for younger hires, citing a "smoking-g-n" Slack message as evidence. The complaint details internal documents that allegedly labeled older workers with derogatory terms and outlined plans to hire a majority of "Early Professionals" and "Campus Hires." This lawsuit claims IBM has a pattern of age-based workforce reductions, referencing past investigations and internal language used to target senior staff. The workers are seeking back pay, lost benefits, and reinstatement or front pay. These allegations have not yet been proven in court.

New York, NY

https://www.hcamag.com/us/specialization/employment-law/stray-slack-message-allegedly-exposed-ibms-plan-to-replace-older-workers/590539

Government has clearly mandated with a rule that if they layoff an American protected worker (Citizen, Permanent Resident) and they keep on hiring and promoting H1Bs fines in millions are incoming. If actions are believed to deviate from the interests of the people of this country there is some one paying the penalty.

I still have yet to receive any communication from IT for equipment return despite adding in my personal email before leaving as instructed. I called HR 2x asking and they just direct me to IT (who is outsourced and had no idea of the lay-off when I asked them about not receiving an email about equipment return). Also, no one has responded to the envelope they are supposed to send for any hard copy materials to be returned. Anyone else experiencing this?

1:1? A phone call? An email? Something else? What should we be looking for?

It looks like credentialing is also getting outsourced to India, can't wait to see how many regulatory and compliance issues this could create.

https://www.fiercehealthcare.com/payers/unitedhealthcare-cigna-centene-sign-certifyos-new-provider-credentialing-model

Trying to find out names and I'll post but I've heard last day is 9/30 at least for this one group.
Post here as you find out details.

I shouldn't be coming to an anonymous forum to learn there were more cuts today. We should know things like that. Good leadership wouldn't be so scared to tell us what's going on, even if it's negative. We're being run by a bunch of incompetent cowards.

Includes a fireside chat between Ed Z and Michael A including priorities and updates in progress.

I don’t know anything, but I would guess this town hall will occur post reorg and layoff announcements.

Thinking about working at PepsiCo? Here's the last five years, by the numbers.

No opinions below, just what happened between September 2021 and today.

The stock
Sept 2021: $154. Today: $129. Down 16%, sitting at a 52-week low, roughly 25% below its high of $171.

Coca-Cola over the same five years: about $54 → $88, up more than 60%. Same category, same shelf, same customers.

Procter & Gamble: about $142 → $148. Basically flat, and it still beat PEP.
S&P 500: up around 70% over the same stretch.

With dividends reinvested: Coke returned roughly +84% over five years, P&G about +16%, and PepsiCo roughly zero.

What that did to employee equity
PEP traded somewhere between roughly $130 and $180 at every annual grant window from 2021 through 2026. At $129, every stock option granted in that window is underwater. Five years of option grants, zero value.

RSUs granted in that window are worth 70–85 cents on the dollar. $100K of RSUs granted in Sept 2021 is about $84K today. The same $100K in KO stock would be about $164K.
If you were told "equity is a big part of your comp," you were paid in paper that went down while the market went up 70%.

Headcount and plants
Dec 2022: hundreds of HQ layoffs targeted at Chicago, Plano and Purchase.

2024: the Danville, IL Quaker plant closed permanently after a salmonella recall, with 510 employees laid off. The FDA later said the plant may have been contaminated with salmonella for four years. Bottling plants in Cincinnati, Harrisburg and Atlanta also shut that year, with roughly 300 people let go.

2025: the Liberty, NY Frito-Lay plant closed and all 287 workers were laid off. Two Orlando Frito-Lay facilities followed in November, 454 at the plant and another 46 at a warehouse.

Dec 2025: workers in the New York, Chicago and Texas offices were told to work remotely the week the cuts landed. Over 450 corporate roles were eliminated in that wave, and cuts continued into 2026.

2026: the Rancho Cucamonga distribution center closes by June 6, eliminating 248 jobs, and the corporate restructuring is still running.

Elliott Investment Management took a $4 billion stake in September 2025, and the company responded with a plan to cut 20% of U.S. SKUs and reduce costs starting in 2026. The stated goal is more than $1 billion a year in savings, with the job cuts concentrated in middle corporate layers.

In February 2026 PepsiCo cut prices up to 15% on Lay's, Doritos, Cheetos and Tostitos. Frito-Lay North America volume was still flat in Q2, and beverage volume fell about 4%.

Pepsi-Cola lost sole possession of the #2 U.S. soda spot to Dr Pepper in 2023.
2025 guidance was for core EPS to be roughly unchanged, and advertising spend fell $500 million that year. Management now describes the Frito-Lay recovery as "more gradual".

Bottom line
Coke and P&G lived through the same inflation, the same consumer, the same GLP-1 headlines. One went up 60%+, one held its ground, and PepsiCo went backwards while closing plants, cutting people, and cutting prices that didn't move volume. If you're an employee, your upside was the stock. The stock went the wrong way for five years

The stock price is about where it was when Chris became CEO in 2019.

Way to go, Chris! How's that "strategy" panning out???

Have some dignity and resign. Or just ask the board to fire you, which is beyond me why they haven't.

As I write this, the Comcast stock dividend is at 5.85%. I don't know if Comcast can eliminate that dividend without further cratering the stock price, but maybe a trim is needed? That might be enough savings for now to preserve spots for some people that are on the fence for layoffs?

So, now people have six weeks. No carryover to next year.

Lots of people lost a lot of accrued PTO, which would have been paid out.

Btw, starts 10/1, and if you’ve already used six weeks, but have more time off scheduled, your manager has dispersion to take it away.

Yes, Ameriprise has experienced some high-profile advisor departures and industry attrition, though the firm maintains it has strong overall retention and a robust recruiting pipeline

New CTO coming in, Al Tara being demoted back to ciso. Definitely more cuts coming in tech, would bet money on it. Best case he just replaces a few MDs with his own friends, worst case he realizes what a complete sh*t show Citi tech infrastructure is currently and gets rid of the entire tech dinosaur ecosystem

lot of chatter that design is getting chopped like a douglas fir. anyone got any intel? im hearing sups and og cp designers getting lopped off at the knees. any intel is appriciated!

Ok when will the board fire Clay for his incompetency?

When will Larry step back in and slap him around a bit?

Or will we just have a fire sale and be bought by the likes of Nvidia or OpenAi? We need some form of stock shocker ! May be a hostile take over.

We need something and not more orange builder jackets or layoffs

G10, 120% IPF, no merit, no RSU this year

Last year, 122% IPF, no merit, but at least gave $20 RSU

Not only are they laying people off so we have to pick up the slack of having less teammates but now they are adding all these new initiatives on top of it. Are they trying to burn us out? Because a lot of my coworkers feel the same but everyone is too afraid for their jobs sake and just yes manning their managers. It’s kind of ridiculous.

A massive $7Million saving to DXC. They need to stop paying millions to useless Execs who can't deliver growth.

So many have gone through the DXC Exec ladder promising turnaround but were actually incapable 3rd raters.

DXC is known as "the milking company for useless EXECS."

First, they let go of the very people who were delivering things. Teams and leaders who were delivering agentic solutions were let go.
The worst part is that they retained bootlicker SDs who wouldn’t deliver a single feature but were good at playing politics.

Those SDs retained their useless teams, many of whom have little to no exposure to technology beyond community college, and they are now responsible for designing some of the worst customer experiences. We are expecting to be AI first company with these kind of people.

But hey, thanks, Tanya and Nancy, for this brilliant display of leadership.

I called $125 by Nov. 1rst 5 months ago (check the logs here). Seems to be moving that way. I also called the company will file for protection and bankruptcy then restructure during 2027/2028. There are just too many financial warning signs to ignore. It's straight forward - do the research and look at history across other bubbles and timeframes. Ironic and eerlity simimilar. RIF's are a constant reality at Oracle but will not make a significant difference to the ultimate outcome of where this company is headed.

• Failed to produce any meaningful outcomes in 30 yrs at bank.
• Repeateatedly alienated employees while failing to achieve objectives leading to mass defections and low morale.
• Failed to design and execute key risk strategies causing Wells Fargo to fall further behind competitors.
• Lacks credible leadership skills, communication skills, and risk management experience.
• Failed to consistently meet RTO requirements and rarely worked a full 40 hr work week.
• Failed to hire competent subordinates to execute risk programs leading to numerous executive terminations.
• On the plus side, your leaving will have a significant positive impact on WF risk management. As with all senior executives, you are expendable, easily replaced, and AI will make your role redundant anyway.

Please enjoy your "retirement". Unfortunately, due to a tanking stock price, massive severence costs, and litigation expense, we cannot give you a good riddance, I mean, going away party.

Perfectly summarized, @a6+1m3801rc6.

Traditionally we have had performance based layoffs in oct - is that still the case this year or is it november ?

https://x.com/Viconnia/status/2103001556723396974

Now a billi to the UofO Scool of Engineering!

PHK really trying to bury last week’s string of bad news. Also, I wonder how Travis feels about slowly losing his inheritance. I guess there’s more where that came from.

How about Unc move some funds to Inc so we don’t have to do any more layoffs?

VBG. Not hearing anything about anyone getting laid off yet.

Are laid-off employees getting severance? How much, based on your tenure?

GSK is closing Tech department in Poland, which will result in layoffs affecting more than 500 employees.

If you’re still in a corp retail location I’d get out now !! The “3 year” promise is a scam, a lie!!!

Do we know?