#layoffs

Isn't that illegal?

I’ll just bullet point it so to speak.

1. Got my “let’s catch up meeting” and was given the news.
2. Got a email about 2 days later from HR with instructions
3. Created my account to securely access email from C HR.
4. Downloaded a ton of paperwork they sent me.
5. Waited a few months for my end date. Eventually was sent some papers to sign.
6. 15ish or so days after my end date, I got my severance.
7. Moved my 401K to another financial institution.

No snags, no hassle, it was pretty smooth.

I got picked! I am actually thrilled. Since Allstate bought out NatGen, it’s been a sh-t show.

Start preparing for the next round coming soon

It doesn't matter if those posts saying ppl were poor performers or have poor mental health came from bots (which is kinda worse since it implies the company itself may be behind them) or from actual trolls, OT should care enough to shut this down. I know this is a random website were ppl can air grievances, and probably not on the radar of executives, but there is a LOT of traffic here compared to other companies on thelayoff.com. The fact that this site is blocked on company machines should tell you that they actually do know. If all of that is true, OT is absolutely one of the worst companies ever. I mean, ppl knocking each other over to get to their desks, needing armour (lol) calling people d-mb and poor performers, saying ppl have poor mental health. There may be lawsuits here for those let go for slander. All the while claiming the company is hiring hundreds and the stock is amazing, etc. When anyone with a smart phone knows any of this is not true. I would suggest that everyone just stop posting here and see what happens after a week or so. Of no real people post and we still keep getting these nonsense posts, it's time to take the layoff updates somewhere else.

Only really poor performers who wouldn't travel to office are being let go

The company is stronger without these people

We are office based and a high energy workforce that is growing rapidly

Colette Kress was at Cisco from late 2010 to September 2013. She was the
Senior vice president and chief financial officer of the Business Technology and Operations Finance organization.

This is what she got to experience during her time at Cisco:

July 2011 Eliminated 6,500 jobs, part of a major company restructuring
July 2012 Eliminated 1,300 jobs, citing global economic uncertainty
Aug 2013 Eliminated 4,000 jobs, equal to five percent of its workforce

I wonder if she got LR'd or left on her own? Probably on her own. Who would want to continue working at a company when there are constant layoffs?

Super quiet in my group with a few folks burning unused PTO.

They overhired for the model remediation. Then they promoted the managers to directors.

But there is no need for this level of data scientists. Most aren’t even doing model building, but remediation over the past 2 years and haven’t been doing data science work.

Leadership is promising AI projects, but that’s to save time to figure out what to do with this many data scientists.

How long you all been with the company? Does layoffs usually affect claims too? I see they still have many openings and currently doing layoffs?

a large number of lay offs are coming for underperforming reps and managers…. the writing has been on the wall

Pulled from the bottom of this article: https://www.ccgcatalyst.com/thought-leadership/commentary/one-year-after-the-worst-day-what-fiservs-earnings-told-bankers/
Funny how they ignore employee attrition/layoffs for improvement and only concentrate on customer attrition in the analysis. Hmmm.

Our View: What Comes Next for Fiserv
Fiserv is no longer a vendor in freefall, but it is not yet a vendor in recovery. The quarter showed stabilization – guidance held, attrition improving, investment visible – and the strategy is finally coherent: fewer cores, common components, a smaller portfolio. What it has not shown is proof. For institutions on Premier, Precision, or Cleartouch, the direction now points toward CoreAdvance, and CoreAdvance itself is still being built in phases; negotiate which phases you are entitled to, and on what dates, in your next contract, while Fiserv needs retention wins. For DNA institutions, the call placed DNA among Fiserv’s leading client wins, but it still sits outside the CoreAdvance consolidation – get the investment commitment in writing. For banks evaluating Fiserv, this is a buyer’s market: a vendor rebuilding its sales motion will trade price, terms, and conversion support for a reference. Our test for the next 12 to 18 months: named CoreAdvance clients live on phases beyond infrastructure consolidation, attrition improvement appearing in reported banking revenue by late 2027, and divestitures that leave the bank-facing business intact.

My final comment: a year after the worst day, the most useful thing the crash taught the industry has nothing to do with Fiserv in particular. Every critical vendor – public, private equity-owned, or cooperative – has a financial condition, a strategy under revision, and an owner with options. The banks that handled last October calmly were not the ones with the best stock forecasts; they were the ones that already knew which risks they were carrying, had the contract language to match, and could answer their boards from their own files. Yesterday’s call was the best one Fiserv’s bank clients have heard in two years – attrition peaking, guidance held, investment visible, a named, $20 billion CoreAdvance go-live. Put it in the file next to the five questions, and ask the sixth one in writing: the call promised that common componentry will end the question of how many cores Fiserv has – so which componentry, on what dates, reaches the core your institution runs?

CCG Catalyst advises banks, credit unions, and fintech companies on core evaluation, vendor selection, and contract negotiation. If your institution is approaching a core decision, reach out to our team at www.ccgcatalyst.com.

See our latest announcement: CCG Catalyst’s Paul Schaus Named a 2026 Top Consultant by Consulting Magazine

By: Paul Schaus | Founder & Managing Partner, CCG Catalyst Consulting

All of legaltech engineering will be made redundant. Legaltech products go to India where they die in maintenance mode.

Reliable sources say that Friday the 13th is shaping up to be a day of major layoffs. Lists have reportedly been finalized across several LOBs, with a 10% reduction expected this year and potentially more next year. Wishing everyone the best.

What a bloodbath. Was told over 4000 and closer to 5000 between NG and Allstate over the next three days.

Is this true?

AT&T plans to lay off 50 workers in Monmouth and Somerset counties on Nov. 1, 2027, according to a November filing with the state.
https://www.nj.gov/labor/assets/PDFs/WARN/2026_WARN_Notice_Archive.pdf

Let’s face it. It sure looks like CDW leadership has decided the future is cheap offshore labour, and North American employees are just collateral damage. The people at the top get their cost savings, the workers get their pink slips, and the customers get to deal with whatever mess is left behind.

Was this the plan all along? Gut the workforce, ship the jobs overseas, squeeze every last penny out of the operation and call it a brilliant business strategy?

And when the whole bloody thing goes to sh-t, you can bet the geniuses who cooked up this scheme will blame everyone but themselves. BRING IT!

Perfectly said, @4hg+1m4rdtc2e.

Good luck!

Was yesterday the main day or will it be today?

I’m in ANI and haven’t heard of any impacts - can anyone confirm if they have heard anything?

Any impacts in ANI or anyone heard anything?

Hearing some people were notified today.

Any thoughts on potential layoffs this week or next prior to the holiday?

All my team (5) and myself were RAed this week. Something fishy is going on in IBM...

For anyone working at Blue Shield of California (or thinking bout joining) - keep an eye on what's happening. Another 54 permanent job cuts have been reported across Oakland, Long Beach, El Dorado Hills, Rancho Cordova, Lodi, Woodland Hills, and San Diego, with an effective date of 1/12/27. This follows multiple rounds of layoffs throughout 2025 and 2026. We're no longer talking about a single reorg event. These reductions have been happening repeatedly... often in small batches that don't attract much attention.

Mgmt continues to describe these moves as adjustments to changing business needs... the pattern is becoming difficult to ignore tho. Given the frequency of recent reductions, employees ARE paying attention. Have you heard anything about which departments or teams are being affected???? Are managers discussing further restructuring, hiring freezes, or positions being eliminated???? It would be useful to consolidate what we know about whats actually happening internally.

Layoffs continue to spread across industries, and the numbers are adding up. Boeing is reportedly cutting approximately 2,500 jobs in its commercial airplane division, Comcast is eliminating more than 1,000 positions, Qualcomm is reportedly reducing headcount in India and California, and GM Financial has cut around 400 jobs globally. Fortis Games is shutting down, affecting up to 440 workers, while FedEx is restructuring its network with hundreds of station closures. These are not isolated incidents. We're seeing workforce reductions across aerospace, telecommunications, technology, financial services, logistics, and entertainment.

What's particularly concerning is that companies are increasingly framing these cuts as efficiency improvements, restructuring, or AI-driven transformation. Some are eliminating positions while simultaneously hiring for different roles, as Uber Freight is reportedly doing. Meanwhile, there are reports of companies reconsidering earlier AI-related workforce reductions. The larger question is whether we're witnessing another temporary round of cost-cutting or a more permanent shift toward operating with smaller workforces. Either way, employees are absorbing much of the uncertainty, and there's little indication from these announcements that the pressure is easing.

FedEx is implementing a cost-saving initiative called "FedEx Network 2.0." This plan involves closing 475 stations nationwide by next year, with over 260 already shut down. The company expects to save $2 billion by 2027 through these cutbacks. Layoffs have impacted numerous employees as facilities reduce staff or cease operations. This overhaul aims to consolidate pickups and reduce redundancy without affecting delivery times.

https://www.cleveland.com/news/2026/11/fedex-cutbacks-to-result-in-475-station-closures-layoffs.html

Apparently mostly architects, IT managers & directors. Flattening org and cutting costs

My mental health has improved immeasurably since then, because the constant changes in my peer group, constant worry about cuts, and outsourcing were taking a huge toll on my mental health. During my final months there, every single meeting with my manager was causing me anxiety. My point is, I know layoffs seem scary, and they are, but they can also be freeing and good for health.

I'm on FMLA and was just let go. I'm speechless.

P66 is closing its Denver office and laying off the employees today.

Despite a slight increase in job cuts from September to October, overall layoff numbers for 2026 are significantly lower than the previous year. Research indicates a trend of companies retaining staff for seasonal needs rather than permanent hires. However, a separate survey reveals that a majority of business leaders anticipate continued layoffs in 2027. This suggests a potential shift in workforce strategies despite current reductions. HR departments are advised to prepare for these upcoming workforce changes.

https://hrexecutive.com/will-layoffs-continue-in-2027/

Do we know if the Layoff Severance will be the same as VBO.? Think there is any chance we could get 3 weeks like WBD?

Heard Lowell MA got hit.

"The Wreck of the Edmund Fitzgerald"!!!

Receive notice today about my layoff. Claiming there were a lot more layoffs today reason given is elimination of position.
Same reason they give every quarter
This has been going on for at least the last five years.
This is not a good company to work for if you got a family and kids and depend on a consistent income and long-term.

https://m.youtube.com/watch?v=hG4su5Eujag