#layoffs

So another Indian hired Ravi Karanam.
Tarun Bhatnagar was paid huge joining bonus.
How much this dude get?
The game is clear - Get rid of long time workers and make your friends rich.
Shame on FIS Management.

Sonos implemented layoffs within its marketing team. This action marks a strategic pivot for the company. New Chief Marketing Officer Colleen DeCourcy led the restructuring. She stated the marketing division had become too diffuse. The goal is improved operational efficiency and faster execution.

https://hr.economictimes.indiatimes.com/amp/news/industry/sonos-lays-off-staff-in-marketing-unit/130057109

Meta plans to lay off around 200 employees. These cuts will impact its San Francisco Bay Area operations. Specifically, 124 roles in Burlingame and 74 in Sunnyvale are affected. The affected teams include sales, recruiting, and Reality Labs. This move is part of a wider workforce restructuring effort.

San Francisco Bay Area, California

https://www.msn.com/en-in/money/news/meta-layoffs-facebook-parent-to-terminate-200-employees-in-san-francisco-bay-area-who-will-be-impacted/ar-AA20gkyN?ocid=finance-verthp-feeds

Tata Consultancy Services faces high senior-level attrition. Exits from top ranks surged to about 16%. This is significantly higher than its historical 4-5% rate. Around 12,000 employees were impacted by workforce reduction. Senior leaders also received low variable pay.

https://www.ndtvprofit.com/business/tata-consultancy-services-faces-high-senior-level-attrition-amid-restructuring-and-compensation-challenges-report-11317142/amp/1

New Jersey experienced a rise in layoffs during Q1 2026. Employers announced nearly 4,800 job cuts through March. This marks a 30.7 percent increase from Q1 2025. JP Morgan Chase, UBS, and Fiserv led the announced reductions. Reckitt Benckiser and Novartis also eliminated positions.

https://patch.com/new-jersey/across-nj/nj-job-losses-significantly-through-1st-quarter-2026

Monarch Tractor, an agricultural tech startup, faces an uncertain future. The company recently laid off nearly all its remaining staff. Its Livermore, California headquarters has been vacated and equipment auctioned. Monarch Tractor developed the MK-V, an electric autonomous smart tractor. The company had raised over $200 million and was valued highly less than two years ago.

Livermore, California

https://igrownews.com/monarch-tractor-news/

Layoffs in the life sciences sector are increasing again. This follows a decrease in job cuts at the end of 2025. Fourteen companies in life sciences announced job reductions. These reductions impacted over 745 workers in Massachusetts. All these job losses happened during Q1 2026.

https://www.nbcboston.com/boston-business-journal/biotech-layoffs-return-mass-life-science-firms-cut-745-jobs-in-q1/3928398/

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The Associated Press plans staff cuts and a business restructuring. This move shifts focus from local print to video and national topics. Revenue from tech companies has significantly grown for the AP. A voluntary separation plan will first be offered to U.S. news staff. Layoffs will follow if insufficient voluntary interest is received.

https://www.axios.com/2026/04/06/ap-staff-cuts-restructuring

Seattle Met magazine is under new ownership. Hour Media acquired its parent company, SagaCity Media. SagaCity Media sold its publications for $1.6 million in March. The company had faced financial difficulties and entered receivership. Layoffs have started at Seattle Met, affecting several editorial staff.

Seattle, Washington

https://mynorthwest.com/local/seattle-met-magazine-layoffs/4225310

Swift River School is considering layoffs for paraprofessional positions. Rising health insurance costs are creating a significant financial strain. Up to five paraprofessional jobs are on the chopping block for fiscal year 2027. New Salem voters will decide on an override next month to potentially reduce these cuts. The school's state aid increase is minimal, impacting rural districts disproportionately.

New Salem,

https://recorder.com/2026/04/06/swift-river-school-layoffs/

Several Santa Cruz County school districts approved significant layoffs this year. These cuts aim to maintain long-term financial stability. Declining enrollment and reduced state and federal funding caused these measures. Pajaro Valley Unified, Soquel Union Elementary, Live Oak, and Scotts Valley Unified districts implemented reductions. Santa Cruz City Schools also approved layoffs for support positions.

https://lookouexample.com/the-santa-cruz-county-school-districts-that-approved-layoffs-this-year/story

Has anyone heard any numbers for Q1 yet? I’ve heard they weren’t great, but no details.

Also hearing of a RIF mid April. But I always take that with a grain of salt. Just curious if anyone here has heard any rumblings?

3 team members and 1 upper management got layoff last week in Gentex. The reason was unclear but some say its because of it might have something to do with Gentex losing 42% of its stock value in 2 years. With the Iran, US and Israel war & tariffs, the future seems pretty uncertain as the stock keeps dipping.

I was one of the grunts that was let go last week. From stories I'm hearing, directors with 2-4 directs remain, all the management in remote locations like CT and DE and those massive salaries are intact. Would have been the opportunity for real change, but nothing will change, but for hundreds of less of us grunts doing the actual work. Yes, I'm a bit bitter.

https://l.facebook.com/l.php?u=https%3A%2F%2Fhtv-prod-media.s3.amazonaws.com%2Ffiles%2Foracle-warn-kansas-city-69cd4b2e5582b.pdf%3Ffbclid%3DIwZXh0bgNhZW0CMTAAYnJpZBExTVBSU1c3MDVNMUp5RVZ5b3NydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR4bFUAOGpOS5uZ4V3m4-MODvttg68T_Lc5h9nr-TmmYE7tLUMapEykX8I5vAQ_aem_ML1hYoOnP0b1b-2orRFoIA&h=AT4N2PUgrF0n5I8_6gMTTcM76L32IMvItqOanDIE9zG95RZvu3apWGUTdi9Ihan54cW2rtu7cgjuQ00nnEga7OCKQPK_nsblbVB8Ncv9zqDDBHH80KKyBlBB7iKXJId-J_e-VpkjW6YPMpen23B1uAWRtWhbbg&__tn__=-UK-R&c[0]=AT6gHLhORcv-Dq_76Y_Yl-nxRMKH4EhXiV65FCQI5gQlaQz1o3jhwFt0LB9GjyPsX4f3Id6EtJgk4hUvXxusxLgEP6hhaNp9IodonyF8-HQofwWqnKkP8-7ULBH0v_bfn0aGDc02H5Q8uq91ur-08wQkJxsKh6FmhI-qCfhgLuXgnEz7vzc

I don’t usually post stuff like this, but I wish someone had been honest with me before I joined, so here it is.

The culture here is honestly rough. There’s a lot of talk about “teamwork” and “growth,” but day to day it just feels disorganized and reactive. Communication is all over the place, expectations change constantly, and somehow everything is always urgent. It gets exhausting fast. Backstabbing is very common.

The bigger issue, though, is the pay. For the workload and stress level, it’s just not worth it. People are stretched thin, doing way more than what they were hired for, and the compensation doesn’t come close to matching that. Raises and recognition feel random at best.

Anyway, I’ve decided to move on. If you’re considering joining, just make sure you ask the right questions and really think about what you’re signing up for.

Nevada school districts are facing severe budget deficits despite a recent funding increase. Increased costs, flat state funding, and declining student enrollment contribute to the problem. Policy changes in the new funding formula also create financial challenges. Districts like Washoe and Douglas County are reducing positions and considering school closures. State officials are urged to increase education revenue to prevent further insolvencies.

https://thenevadaindependent.com/article/nevada-school-budget-heyday-was-short-lived-why-several-districts-are-now-in-dire-straits

The Douglas County School District will review major financial decisions. These include school consolidations, potential layoffs, and a financial emergency declaration. Layoffs of classified employees are considered due to lack of work or money. Declaring a Severe Financial Emergency requires state notification and a corrective plan. These measures aim to protect essential operations and address financial challenges.

Douglas County, Nevada

https://www.kolotv.com/2026/01/07/douglas-county-school-district-consider-consolidations-layoffs-financial-emergency-declaration/

IGT announced global layoffs affecting 700 workers last month. This reduction represents about 10 percent of its worldwide workforce. The company stated the cuts align resources with business priorities. Analysts attribute the downsizing primarily to the IGT and Everi Holdings merger. The merger and subsequent acquisition by Apollo Global Management created position overlaps.

Las Vegas, Nevada

https://www.reviewjournal.com/business/casinos-gaming/analysts-too-early-to-tell-how-layoffs-will-affect-igt-in-nevada-3733389/

Fortrex will cease operations at the Lexington, Nebraska plant. This follows the termination of its contract with Tyson Foods. The decision impacts 139 Fortrex employees. Operations will end on January 20, 2026. Eligible employees can transfer to other Fortrex locations.

Lexington, Nebraska

https://nebraska.tv/news/local/tyson-foods-contract-termination-leads-to-fortrex-layoffs-in-lexington

Food companies are reducing their workforces. This trend is driven by margin pressure, changing consumer tastes, and increased automation. Tyson Foods is closing a Nebraska plant, impacting approximately 5,000 positions. Nestle, PepsiCo, and Molson Coors also announced significant job cuts. Industry experts foresee ongoing workforce reductions and facility closures.

https://foodinstitute.com/focus/rolling-layoffs-hit-food-manufacturers-as-profit-pressures-intensify/

Neenah Foundry announced plans to close its manufacturing plant in Lincoln. This closure will result in 103 people losing their jobs. The company produces manhole covers and other cast-iron products. An extensive review of facilities and market conditions led to the decision.

Lincoln, Nebraska

https://nebraskapublicmedia.org/en/news/news-articles/lincoln-manufacturer-closing-laying-off-more-than-100-people/

Nebraska Wesleyan announced the elimination of 14 positions. These job cuts are part of necessary budget reductions. The university faces difficulties from declining enrollment and rising operational costs. Affected employees were offered severance packages and continued health insurance. A faculty advisory work group has been formed to review academic programs and positions.

Lincoln, Nebraska

https://www.1011now.com/2025/10/10/nebraska-wesleyan-announces-layoffs-due-budgetary-issues/

Tyson Foods initiated layoffs affecting nearly 5,000 employees. These job cuts occurred at plants in Texas and Nebraska. The Lexington, Nebraska beef processing plant is closing entirely. This closure displaces 3,212 workers. An additional 1,761 layoffs affected the Amarillo, Texas plant's b-shift operations.

https://www.5newsonline.com/article/money/business/tysons-mass-layoffs-tuesday-nebraska-texas/527-77817234-22ac-4b70-8f3e-8230fa8b2670

Layoffs are impacting the tobacco industry. The industry is undergoing a period of change. New products are becoming very popular. These new products are within the tobacco category. This shift coincides with the layoffs.

https://www.bizjournals.com/birmingham/news/2026/04/05/global-tobacco-firm-to-trim-alabama-operations.html

E. & J. Gallo Winery acquired Four Roses bourbon in a significant industry move. The deal is reportedly valued at up to $775 million. This acquisition follows recent layoffs and facility closures by the Modesto-based company. Gallo aims to diversify its portfolio as American wine consumption declines. The bourbon brand was purchased from Japanese firm Kirin Holdings.

Modesto, California

https://nypost.com/2026/04/05/business/california-winery-gallo-finalizes-purchase-of-four-roses-bourbon/

Forever 21's U.S. operating unit is preparing for significant layoffs. Its Los Angeles headquarters will also shut down. Over 350 staff members are expected to lose their jobs starting mid-April. The company is exploring strategic options and cost reduction measures. This follows its exclusion from the new Catalyst Brands venture and past bankruptcy.

Los Angeles, California

https://wwd.com/sourcing-journal/industry-news/forever-21-350-layoffs-closure-los-angeles-headquarter-store-closings-1238848593/

Well, that was fun, more value of the company obliterated in less time then you can chat the GPT. So many mistakes and fumbles...

Countless bad hires
Endless RIFs
Missed Quarters after Quarters (more like Y/Y misses)
Unlimited amount of Fuchsia bad fashion purchased
Mediocre acquisitions
Not retiring but got the BOOT
No longer the all female C-Suite bunchy bunch
Woke beyond belief
Endless RIFs (again... and again..) ± 1,000 people let go or MORE
Hustle in the Bustle
Off Shored Jobs - ±850 or so or MORE
6.2Bil of Value Reduced to 1.9Bil of Value
Precipitous Stock drop - 56% (or more) in two years
Endless more RIFs
Did I say terrible HIRES?

What a legacy, like a pinnacle of a legacy, like an empire of dirt or sand in the Sonoran desert.

At least she learnt how to spell AI

LOLOLOLOL..... Later!

There seem to have been reductions in staff recently but nothing announced internally. My question is, are they done (assuming something happened) or is there more to come?

I heard from my colleague at IBM that a layoff is coming. Has anyone heard the same, or is it just a hoax? After the Oracle layoff, everyone on my project is worried.

The only Franklin Templeton phone skill still being serviced by FIS is the Retirement skill, Everything else has moved back to FT. Due to meeting their own staffing needs, FT has not given an end date to FIS. That leaves those Customer Service staff members hanging, waiting to hear if they have been hired back at FT or will they be laid off and get severance from FIS. Those who have moved back are scrambling to get set up to take calls, assist training new hires, acquiring new/legacy staff and standing a call center back up that was supposed to be handled by the contract with FIS.

Let's give a big round applause for another FIS failure didn't have to be, costing more jobs and another blow to the share price when it comes out.

Nobody's acknowledged the people we lost, and the workload is crushing. The manager isn't even trying. It's not just the volume, there are critical gaps. Even if we wanted to pick up the slack, there are some things we simply can't do.

That's torture. The stress never lets up. I'd take a few big and quick rounds over that any day.

The execs keep talking about the need to reduce expenses and are laying people off, yet they are paying over $120 million to get all the agents together in Las Vegas and spending an additional $15 million on incentive trips for said agents. Oh know gas prices increases costing us more…how about cancel the trip?!? Paying for Pink to entertain agents and executives…disgusting!

Rumors going around about more layoffs sometime soon, can anybody share more?

Some of y’all really need to grow up. Layoffs happen, it’s never personal. No-one at the top has specifically chosen you to go for any reason other than a number. FIS doesn’t owe you anything to keep you.

Where can I check?

I haven't heard anything, I'm just curious and like to stay prepared.

I actually WANT to get laid off! Anyone have tips on how to get on that list? Long story short, I'm so tired of the bs but want to get that severance.