#layoffs

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Of course we're having layoffs

A new CEO has to show how serious he is about cost cutting and being efficient. And of course that he's going to use layoffs to show that. Never mind that his pay and the bonus he'll get from this will negate the majority of the savings. But what a great first impression, buddy. Great job.


Xerox Severance Pay

Posting this info because I didn't see a definite answer on how much severance pay we will get if let go during the layoffs. My boss just told me that when the last layoff happened , and my coworker was let go from our department , he received TWO weeks pay for severance. He was with Xerox for about a year and a half to two years. SMH . Wishing everybody luck job hunting and getting the he-l out if this company !


UPS Reveals Locations for Facility Shutdowns

United Parcel Service (UPS) plans to close dozens of packaging facilities. This information was disclosed in a recent court filing. The closures include locations with union employees across many states. UPS previously announced 30,000 job cuts and 24 facility closures in January. The company is undergoing a large network reconfiguration for efficiency.

https://www.fastcompany.com/91494908/ups-closing-package-facilities-2026-full-list-doomed-locations-states


RDO Equipment Lays Off Dozens Due to Market Conditions

RDO Equipment announced layoffs for dozens of employees this week. The company cited challenging market and economic conditions. These conditions have impacted the agricultural sector for the past year. At least 36 team members were affected by this force reduction. RDO Equipment also cut two percent of its employees in early August.

Fargo, ND

https://www.dakotanewsnetwork.com/2025/09/12/rdo-announces-dozens-of-layoffs-amid-decline/


Prairie Public Reduces Workforce After Funding Cuts

Prairie Public eliminated 12 staff positions. This represents an 18% reduction in its workforce. The cuts resulted from significant federal and state funding losses. Overall revenue declined by approximately 25%. Some programming and services may be scaled back.

https://www.insideradio.com/free/loss-of-federal-state-funds-leads-to-prairie-public-layoffs/article_69a401de-0b70-4f2f-9b90-9acd00b5cebc.html


Chevron Initiates North Dakota Layoffs After Hess Deal

Chevron is laying off 111 workers in North Dakota. These cuts follow Chevron's acquisition of Hess Corp. The layoffs affect 63 employees in Minot and 48 in Tioga. Chevron completed its merger with Hess on July 18. The company cited efficiency and lower oil prices as factors.

Minot, North Dakota; Tioga, North Dakota

https://www.journalnd.com/articles/journal-news/hess-new-owner-cutting-48-jobs-in-tioga-63-in-minot/


Amazon Confirms Thousands of Job Cuts

Amazon announced 16,000 job cuts. These reductions follow previous workforce eliminations in October and 2023. U.S.-based staff will have 90 days to seek internal transfers. Affected employees will receive severance, outplacement services, and health benefits. These layoffs reflect industry-wide adjustments after pandemic-era expansion.

Sioux Falls, South Dakota

https://973kkrc.com/amazons-job-cuts-affect-sioux-falls/


SDPB Preserves Jobs Through Community Donations

South Dakota Public Broadcasting will retain 7 of 15 planned layoff positions. This decision follows unexpected federal funding cuts. Congress approved a rescission package in July. SDPB sought private donations and savings. Community support helped preserve these vital services.

Sioux Falls, South Dakota

https://www.dakotanewsnow.com/2025/10/30/sdpb-retaining-nearly-half-scheduled-layoffs-thanks-community-support/


North Dakota Job Openings Decline, Layoffs Rise

BLS released new data on North Dakota's labor market for December 2025. The state saw 2,000 fewer open positions compared to November. The job openings rate consequently dropped to 4.5 percent. Involuntary separations rose by 1,000 during December. Overall separations increased by 3,000 from the prior month.

https://www.bls.gov/regions/midwest/news-release/jobopeningslaborturnover_northdakota.htm


Missing the Point on NRE

You are all missing the point on NRE. It was never about conferring a benefit on older workers. Precisely the opposite. The purpose of NRE was to put pressure on older workers that the company no longer wants and convince them to voluntarily leave at 55 with gratitude to their management who kindly kept them on for a few years as the bogus performance reviews piled up.

The so-called elimination of NRE is likely the combination of two things: 1) no more protection for those who are clearly abusing the system, and 2) dialing up the pressure on the targeted older workers to leave voluntarily with even more gratitude toward the managers who could have let you go but worked the system to squeak you over finish line .

Stop wasting your energy on this lawyering-up cr-p. Not much has changed except that older workers will now find themselves compelled to plant a big wet one on their boss’s backside as they voluntarily exit. Anyone who has made it this far in their career can surely find the strength to pucker up one last time.


GEO Group Shuts New Mexico Prison, Hundreds Face Layoffs

The GEO Group is closing its Lea County Correctional Facility in New Mexico. This action will result in over 200 employee layoffs and 1,000 inmate transfers. The company chose not to renew its operating contract with the county. New Mexico declined to purchase the facility after fiscal analysis. The facility might be converted into an ICE detention center.

Albuquerque, N.M.

https://www.corrections1.com/finance-and-budgets/n-m-prison-to-close-with-more-than-200-layoffs


Meow Wolf Cuts Security Staff Across Locations

Meow Wolf announced layoffs affecting security staff across its locations. These cuts impact installations in New Mexico, Nevada, Colorado, and Texas. The Meow Wolf Workers Collective union made the announcement. In-exhibit security will now be limited to guest entry points. The union claims this decision is unsafe for both staff and guests.

Santa Fe, NM

https://sfreporter.com/news/more-layoffs-hit-meow-wolf/


Meta Navigates Legal Rulings and Workforce Reductions

Meta unveiled new AI-powered ad products at its NewFronts presentation. This presentation occurred amidst significant legal challenges for the company. A Los Angeles jury found Meta liable in a social media addiction case. Separately, a New Mexico jury ordered Meta to pay $375 million for child exploitation. Meta also confirmed laying off several hundred employees across various divisions.

https://www.adweek.com/media/meta-newfront-2026-legal-layoffs-ai/


Why is Verizon's stock price continuing to decline? @$47 handle

What changed over the last month or so? We were at $50! I was optimistic that Dan was turning around our firm post layoff and new strategy. Our net add and cash flow numbers were impressive and further OpEx reductions + stock buy backs + dividends was meant to turbo charge our stock to ~$72. What happened? What changed? Does the street know something that we don't?


Southern Glazer's Announces Colorado Job Cuts

Southern Glazer's Wine & Spirits announced job reductions. Over 500 employees will lose jobs in Colorado. Forty-five positions are cut in Pueblo. The company cited operational changes for the cuts. Southern Glazer's is a large alcohol distributor.

Pueblo, Colorado

https://nationaltoday.com/us/co/pueblo/news/2026/04/09/over-500-colorado-workers-including-45-in-pueblo-face-layoffs/


WIPR Announces Restructuring and Layoffs, Offers Free Memberships

WIPR is undergoing a major restructuring. This restructuring involves significant layoffs. The organization is also offering free memberships. This offer is part of the current changes. More information is available in the full article.

http://prweek.com/article/1954023/wipr-offers-free-memberships-amid-major-restructuring-layoffs


Financial Hardship

Ever since the Pandemic, this place has been horrible. I am finding it financially impossible to do my job. 100% travel here and they moved my home office to a city 20 miles away. Thats 40 miles per day I’m not getting paid. With gas prices $5 per gallon, it’s becoming impossible to do. I get an 2% raise per year if I’m lucky where in the past 3.8% was the norm. All they talk about is “cutting costs” yet BM lives in NY and commutes to Charlotte. I’ve been through 6 management changes in the past 4 years alone. It’s been micro-aggression after micro-aggression. HR is essentially outsourced in most decisions and they work in call centers in India to give you incorrect information. They are leaning full-in on AI and there is no room for advancement except to be a Merrill salesperson that is 100% commission. There are no jobs. I’m so sad at what has become of this place.


Kalshi's Tech Layoff Market Reaches $30 Million

Kalshi operates a rapidly growing prediction market. This market focuses on the number of tech layoffs. It has already generated over $30 million in trading volume. The market predicts a high chance of increased layoffs in 2026. Trading volume for this market grows 20% weekly.

https://www.businessinsider.com/kalshi-market-tech-layoffs-mansour-lopes-lara-2026-4


DESC Cuts Staff Amid Deficit and Leadership Changes

Detroit Employment Solutions Corp. (DESC) is addressing a significant budget deficit. The agency laid off 46 full-time employees, about one-third of its staff. The deficit resulted from accounting mistakes and expiring federal COVID-19 funds. Its CEO resigned, and the Chief Financial Officer position remains vacant. Interim leadership is working to stabilize operations and address remaining challenges.

Detroit, Michigan

https://outliermedia.org/detroit-at-work-job-training-unemployment/


UC Berkeley Students Rally Against Staff Layoffs

A student protest occurred at UC Berkeley's Haviland Hall. They demanded reversal of layoffs, fair pay, and reduced fieldwork. This action followed a tuition strike over practicum consultant cuts. This semester, six students were dismissed due to support issues. UC Berkeley Social Welfare stated it is improving education quality.

Berkeley, CA

https://www.dailycal.org/news/campus/master-of-social-welfare-students-protest-student-faculty-layoffs/article_fcb39d69-ee6c-48c4-9f2e-d07005efd01d.html


Hiring freeze and AI automation and another layoff?

AI has been a really really hot topic at the company in the last month. Obviously it’s been a hot topic at the org for a few years now but they seem to really be pushing it extra hard the last month. Got word we are now in a hiring freeze of sorts and any role looking for backfills will now be reevaluated on if AI can take the place of that role. Are we headed towards another big layoff due to “automation” in the next few months? Been saving extra hard lately for fear of not having a job soon. Anyone hear of anything about layoffs soon?


To the Board and Wall Street

Morale at USB is the lowest it’s ever been. Don’t believe the way they will try and spin the engagement survey. The only reason there is not a massive flight of talent is the economy. There is no support for the CEO or her managing committee. They are the worst in the industry and have shown that they despise the employees. They take millions for themselves and give no raises to thousands of employees.

Corporate real estate and the awful head of HR have ruined RTO. They forced people who were never hired as in office into the cheapest office spaces that are loud and dirty with people who sit on Teams meetings all day. The locations they chose to keep do not work for most but they said people having a 90 minute commute each way is acceptable for RTO. Read other posts for how awful it is here for people. They do not care about employees or their well being.

The best we can all do is demand new leadership in any forum we can, do not bank with USB, do not take the survey. Refuse to do more than the bare minimum. The only positive you will hear about leadership will come from GK’s damage control minions and the boomer boot lickers.


Bad Robot Cuts Staff, Moves Headquarters to New York

Bad Robot Productions announced job cuts in April. The company is relocating its operations from Los Angeles to New York. This move is a contributing factor to the downsizing. The precise number of employees affected by the layoffs remains unknown. These job reductions are anticipated across all company divisions.

Los Angeles, California

https://www.fastcompany.com/91524432/hollywood-layoffs-2026-disney-sony-bad-robot-list-entertainment-job-cuts


Southwest Airlines Confirms O'Hare Job Cuts

Southwest Airlines reported layoffs in Illinois. The airline will affect 107 workers. The company is ending service at O’Hare International Airport. Service at O'Hare will conclude on June 4. Southwest will still serve the Chicago area from Midway.

Chicago, Illinois

https://www.pjstar.com/story/news/state/2026/04/09/illinois-warn-report-reveals-layoffs-for-southwest-airlines-at-ohare-international-airport/89504279007/


Wait for it...

After getting HR approval to post a req for a backfill I have, was recently told NO hiring can happen until at least May if not FY27. So, I had to close the req and stop interviews. Also, awards budget was the smallest Ive seen in my many years managing. Something substantial is on the way folks, so hang on.


Bonuses and Cheating the employees

While the company lost 77 million last month. They asked the court to approve bonuses for 8;employees if certain targets are met in the bankruptcy. Isn't that the top brass job?
Employees on leave of absence right now arent paid what they are actually owed. They are paid a draw instead.
Pretty nasty to do that while employees on medical leave. Is there no level this company and Raemdonck won't stoop to.


Reimagining Our Global Footprint

To my dear, hardworking US Associates,

I am reaching out today with a heart full of "purpose" and a strategy full of "synergy." As your Managing Partner, I’ve been reflecting on our commitment to being a "human-centered" firm. And what is more human than wanting to keep more money for ourselves?

That is why David Chubak and I are absolutely thrilled to announce the opening of our newest Home Office location in India!

The "Proficiency-ish" Pivot
Now, I know what you’re thinking: "Penny, how can someone across the ocean do my job?" Well, the data is in! We’ve determined that our new international colleagues can perform your daily tasks with a solid 70% proficiency.

Sure, that leaves a 30% gap of "technical errors" and "client confusion," but when you look at the much reduced cost of labor, that 30% is just a rounding error in our quest for efficiency. We aren't just cutting corners; we’re "reimagining the circle."

Out With the Old, In With the Bold
To facilitate this exciting transition, we will be implementing a slow, methodical replacement of US headcount with Indian headcount. Think of it as a baton pass—except instead of passing a baton, we’re passing your desks and responsibilities to a time zone that’s thirteen hours ahead.

Why We’re Doing This (The Honest Part)
At Edward Jones, we often talk about the "Rule of 70." Usually, it’s about retirement, but today, it’s about the 70% increase David and I are eyeing for our own Executive Compensation.

By offloading your roles to a lower-cost market, we are finally able to unlock levels of personal wealth previously unseen in the history of the firm. It takes real leadership to look thousands of dedicated employees in the eye and say, "Your sacrifice is the fuel for my next vacation home."

Looking Ahead
As you badge in for your next Return to Office shift, please do so with a smile, knowing that every spreadsheet you finish helps David and me get one step closer to our "Golden Parachutes."

We are so grateful for everything you’ve done to build this firm. Now, if you could just spend the next few months documenting your processes in extreme detail for your replacements, that would be just "super."

With deep (financial) gratitude,

Penny Pennington
Managing Partner & Chief Compensation Optimizer


“Workforce Reduction - Self Nomination Program”

this has to be some reality show at this point, where are the cameras? All you can do is laugh. Who in their right mind will voluntarily raise their hand to be terminated… only to find out volunteering yourself does not gurantee termination. They just did layoffs not even 6 months ago and now this. I would rather them come out and say they are going bankrupt because this is just comical.