#layoffs

If you have a chance to get away from Big Red, do it. If you can live without the severance pay, don't sign the agreement. That way you can speak your mind without looking behind your back everyday. Having gone through the last layoff was the best thing for me. There is a secret society of managers and leadership that are terrible towards the employees. Some of them managers are on short term assignments and don't care who they hurt. They are taught to be terrible and will stab you in the back on a Tuesday and smiling at you on Monday. They are not your friend. Doesn't matter what are you work in, all the managers are conditioned the same. One single HR person runs the whole thing and she is no better. She doesn't care about either and will lie to your face. I could say more but remember this run away if you can.

If you already have a job, keep it. ExxonMobil looks glamorous from the outside, but that shine is fake. I learned the hard way. I ignored every warning about the toxic culture and left a stable job just for the brand name — biggest mistake of my career.
From day one, the so‑called safety buddy didn’t even bother to do their job. Non even a proper welcome.
My first project manager opened our very first meeting by lecturing me about their ‘compete‑to‑win’ culture and how they rank and eliminate people every cycle.
This place isn’t about work, it’s about alliances, cliques, and survival. If you’re not part of a protected gang, you’re a target. Everyone watches everyone. The paranoia is all over this workplace. It’s a pressure cooker with a shiny logo slapped on top.

Can someone teach me how to be a yes-man and boost the egos of unskilled, manipulative managers? Apparently, that's the skill needed by TPD Associate Director. Please for once can they let go Boston AD …

Unfortunately, I'm not good at that, so they'll probably let me go.

https://americanbazaaronline.com/2026/06/10/dell-sec-filing-signals-more-workforce-cuts-as-severance-costs-climb-482584/

I know of multiple layoffs in e-commerce in ET that happened today. Anyone else know about other areas?

https://radioinsight.com/headlines/360118/iheart-starts-programming-realignment-with-ongoing-cuts/

Full disclosure I am an ex-employee and my term date was in April so I’m not eligible, but wondering if y’all are getting any PSP this year ? Usually would have been announced by now

If you want to know why the company is doing what it is doing, here’s a small lesson in Private Equity and Leveraged Buyouts. Basically, a larger company finds a smaller healthy company that has employees that they are paying well and has invested a lot of money in research and development. They buy that company with debt, fire the workers, disband R&D and offload debt. They then use all the money doing that generates to pay themselves. This has been an ongoing trend the last 20 years and has ramped up in the last 10. This is in turn destroying the working class by making all these companies like zombie versions of themselves.

In the 1970’s when THEY DEREGULATED THE STOCK MARKET AND THE FINANCE INDUSTRY, PRODUCTIVITY DIVERGED FROM WAGES. If we were to bring back the New Deal Reforms from the 50s/60s, we would close the gap of productivity & wages, and it would make normal people wealthier as opposed to bankers and financiers.

RAISE US launched as a non-profit to retrain US workers. It aims to address job displacement caused by AI-related cuts. The organization secured $500 million in private and philanthropic capital. OpenAI, Anthropic, and Amazon are among its financial backers. Commerce Secretary Gina Raimondo co-chairs the new initiative.

https://www.thestack.technology/ai-layoffs-soaring-non-profit-retrain-workers/

…or are they afraid to many people will take it

The Support New Bedford Fire Department criticized the Mayor's recent statements. The Mayor labeled the City Council's budget reallocation a "gimmick." This reallocation aimed to keep Engine 9 operational. It also prevented 26 firefighter layoffs. The department argues this action protects residents and firefighters.

https://www.newbedfordguide.com/new-bedford-fire-dept-slams-mayors-gimmick-label-defends-move-save-engine-9-prevent-26-layoffs/2026/06/26

Topgolf recently laid off hundreds of employees nationwide. The company also lost nearly $1 billion in value under previous ownership. New CEO David McKillips aims to revitalize the brand. His plan includes upgrading golf ba--s and introducing simulator leagues. McKillips also intends to expand locations and diversify entertainment options.

https://www.dmagazine.com/business-economy/2026/06/topgolf-ceo-david-mckillips-plan/

https://www.bizjournals.com/atlanta/news/2026/06/26/midyear-economic-outlook-layoffs.html

Studies indicate that workers utilizing artificial intelligence are less likely to face layoffs. This trend contradicts widespread fears about AI displacing jobs. Only a small percentage of laid-off workers attribute their job loss directly to AI. West Virginia's workforce is considered less exposed to generative AI applications than the national average. The increased demand for energy from AI data centers presents economic opportunities for energy-producing states like West Virginia.

Clarksburg, West Virginia

https://www.wvnews.com/news/wvnews/studies-ai-skills-shield-workers-from-layoffs-west-virginia-itself-less-susceptible/article_0144aff5-075b-4955-b7ec-7d79fbd5ff30.html

The Oregon Health Authority is cutting jobs due to a $90 million budget gap. Nine to ten higher-level staffers are being laid off by July 31. This initial round precedes an anticipated $421 million in federal Medicaid cuts. These future cuts could cause 200,000 Oregonians to lose health care coverage. Employees express concerns about transparency, morale, and potential service reductions.

Salem, Oregon

https://www.thelundreport.org/content/oregon-health-authority-layoffs-spark-concerns

Just heard the Bellevue and Portland offices are being closed at the end of July? Any other offices affected or just those two?

https://www.mysanantonio.com/business/article/mass-layoffs-texas-22319187.php

iHeartMedia initiated mass layoffs affecting its Des Moines stations. Much of the local staff at sports radio station KXNO was impacted. Prominent hosts, including Heather Burnside and Sean Roberts, were among those let go. Listeners now hear national programming instead of local shows. These cuts are part of broader nationwide reductions by iHeartMedia.

Des Moines, Iowa

https://www.kcci.com/article/des-moines-iheart-radio-kxno-sports-radio-layoffs/71735512

ATT: High turnover rate. ( Reddit )

It genuinely makes me sad their turnover is high, especially at the authorized retail level. There’s so many things that don’t get taken into consideration when it comes to selling, such as demographics for one thing. Foot traffic alone doesn’t tell the whole story. I know someone who might lose their job bc they can’t meet the sales goals when they are brand new, 3 months in, and when they won’t scam customers, though others in the store will, by adding lines without consent. This person was so excited for this job, and they were also not told up front they would be fired if they didn’t meet goal after three months. They went into this job being told one thing, and it being something else. Now they are disillusioned. What a shame. I wonder how many really good employees have been lost bc of bad scheduling and these hard to reach metrics without scamming people.

https://www.reddit.com/r/ATT/comments/1ugbzh9/high_turnover_rate/

I also know someone in sales that can attest to the scamming CRAMMING and fraudulent sales tactics that ATT pressures and intimidates its sales employees to perpetuate in the unrelenting pursuit of false metrics and sales quotas. The SCAM is out in the open and ATT makes no attempt at hiding it.

Why are there so many Sirius sellers leaving, or left, the company? CDW is hemorrhaging all the 20 year customer relationships? As a CDW seller, I was assigned a lot of these accounts, that came with very high quotas and they don't want to do business with me. My management said these all would be easy accounts to farm and my income would double. I am starting to realize CDW management doesn't understand why customers buy from who they do and most of them that I know of never had a job selling directly.

Sorry if it’s in here, I did take a brief look. Anyone know what determines when VZ uses the 2 weeks per year vs. 3 weeks per year for severance? And what the max is under the 3 weeks per plan? I know the 2 week option is 35 weeks, but unsure about the rest historically.

Volkswagen is now considering cutting up to 100,000 jobs. Adding to the 50k cuts that were already planned, they are now also looking at closing four German plants, which is about another 45k, perhaps more.
That's according to Reuters sources. VW declined to comment and said any decisions would be announced officially.

Source: https://www.reuters.com/business/autos-transportation/volkswagen-ceo-aims-cut-up-100000-jobs-next-years-manager-magazin-reports-2026-06-26/

I want to preface everything with the fact that I have no idea if they’re actually planning to absorb minimal tech resources into UHG and then sell Optum. This is just a rumor that I read previously on this site.

I have two questions:

Does anyone know if this rumor has any merit?

If the rumor is true, how do you think they’ll draw the line in the sand? What teams will stay and what teams will be sold off? Will it be split by leader, onshore/offshore, etc?

I genuinely don’t know what outcome would be best. I’m just kind of curious if I can predict where my job will land.

They get rid of all the sales reps, they start writing everyone up working them 12-13 hour days, they quit...reps leave October, MOW stay until Jan 1st to make it smoother transition...then we are done like the elves.

Thoughts and prayers to the 8 in sales who will be laid off next week

Best of luck !

I keep seeing posts about PE as a savior.

Question, have any of you worked in PE? It ain't fun.

Reminds me of the line in good fellas ..

Business bad? Fu-k you, pay me. Oh, you had a fire? Fu-k you, pay me. Place got hit by lightning, huh? Fu-k you, pay me.

Say good bye to good benefits, PSP, stock options (oh yeah, yours will be worth nothing), probably a reset on PTO...

And if it does turn around, you won't see a penny

McKinsey & Company plans to cut 3,000 to 4,000 jobs. This affects about one-tenth of its global staff. The reductions focus on back-office and junior research roles. Generative AI has shortened delivery timelines in these areas. This indicates AI directly replaces junior analyst work.

New York, United States

https://news.outsourceaccelerator.com/mckinsey-layoffs-ai-consulting/

2026 stock together has been approved with grant date Oct 1,2026
So if NJ requires 90 days notice and they have to get people off the books to avoid that payout, then a June 30 announcement for an off payroll date kinda makes sense.
Does anyone have any insights to any announcement on June 30th ? This is all speculative, im just looking at rumors and how timelines could match up to the stock together date.

BitGo announced a 15% staff reduction. The company cited changes in the evolving ecosystem. BitGo will now concentrate on security, trading, stablecoins, settlement, and AI-powered infrastructure. This reduction follows widening net losses despite strong revenue growth. BitGo's stock fell 4.76% on the New York Stock Exchange.

https://www.theblock.co/amp/post/406266/bitgo-layoff-ai-infrastructure

SPACEX was the trigger, we are all in for a world of pain. OpenAI will fall and Oracle will go with it. They cant cut enough heads to make up for the losses, hiding these cuts as "AI innovation" no longer makes sense.

https://finance.yahoo.com/markets/stocks/articles/chinese-hedge-funds-warn-ai-091421732.html

https://www.campaignasia.com/article/we-communications-hit-with-layoffs/43xrcf9k3rgb27mft6ja6e65ce

I’ve worked at Di-ks for 8 years and in that time the changes have been like a roller coaster !!!!
From firing of quality managers to replacing them with unqualified ones.
The workload is crazy they are not reasonable at all . When you do bring up issues that need to be taken care of , they yes you to death but do nothing .
They post a sign if you see something say something and when I did, nothing was done.
I’ve seen the stock in the midteens and when Covid hit, it was a perfect store for the environment. The stock went through the roof. This company is typical of other big corporations. They only care about the stockholders and their bottom line which on some levels I understand, but I think it has gone to their head. Upper management is just unrealistic..

Back room and the stockrooms are an accident waiting to happen and they do nothing about it. They employ younger people pay them less and go out of there way to not pay Benefits .
The psychological test that they have given the employees that have been working there are all a smoke screen to lower their overhead.
Cut salaries get rid of quality people all for the obvious reason $$$$$ sad really
They don’t Care about the employees at all … God forbid you were a handicap person and had to move your wheelchair in that store. My store was in Florida.
Somehow, they get away with not giving a handicap person enough space I thought it was a law. They just care about stuffing the store with as much merchandise as possible. I’m guessing the state looks the other way. Kind of ridiculous and sad.
The company is all smoking mirrors .
The only care about the customer because they spend money .

Getting back to something I said earlier, it’s a dangerous place to work and no matter what you say nothing‘s ever fixed so in the end I did get hurt. I also witnessed other people getting hurt.
When I was injured, the managers did not know what to do. Didn’t know anything about the paperwork or where to send me. I sat there for two hours and they didn’t know what they were doing in the end. They had to call other stores so with all the training that they give you and it’s a lot I believe all of that is done just to cover themselves for any liability, but they don’t bother to train the managers

I could go on and on about the things that are wrong with that company. I’ve seen it all, but I don’t think there’s enough space for me to put everything down that’s wrong with them. They bought footlocker because they had so much money supposedly because they wanted a European presence. Just not a place I would recommend to work looks good. They get all the kids to work there 18 to 22-year-olds because it’s a sports store. That’s a funny comment because it’s become a clothing and shoe store with the out of fringes of the store being sports and fishing. They recently because of the psychological test that almost nobody passed got rid of a guy that I believe opened the store originally high-quality individual who did anything. They asked them to left the sweat on the floor and how did they pay him back offer them a deduction and salary stay full-time or take a severance package it’s highly insulting and if they cared at all about the customer, that’s a guy that should still be working there he was very well liked by the customers. He was intelligent articulate and learned everything that he possibly could in that store yet he was just a number very sad. Di-k should be ashamed of themselves.

You can Google it I'm not posting a link.

I got a crack out of the article. CEOs should tell us more about how they're moving jobs overseas, decimating the workforce with AI, while accepting larger and larger bonuses.

• A significant shift in sentiment has made the job of running a company tougher, with CEOs complaining they are overworked, overstressed and subjected to endless scrutiny.
  The rise of political populism and volatile shifts in trade policy have contributed to the decline in admiration for CEOs, with polls showing they are no longer as admired as they once were.*

Bungie announced a company-wide reorganization on June 25, 2026. This reorganization includes 292 job cuts at its Bellevue headquarters. Separations for affected workers are expected to begin July 9, 2026. The studio stated that Destiny 2 fell short of expectations. Bungie is reducing its size while future projects are in early development.

Bellevue, WA

https://downtownbellevue.com/2026/06/25/bungie-layoffs-downtown-bellevue/

Ed Whitacre handed over a Golden Goose to his replacements and they ki-led it. We lost our Dow status, drowning in debt, stock price declines and tarnished by failed mergers and other miscellaneous tangents!

iHeartMedia initiated layoffs affecting radio stations nationwide. The company is restructuring its radio programming and building new tech capabilities. This move aims for $50 million in annualized cost savings. Several Lehigh Valley radio personalities were among those let go. The company did not disclose the exact number of affected employees.

Lehigh Valley, Pennsylvania

https://www.mcall.com/2026/06/25/lehigh-valley-radio-personalities-laid-off-as-iheartmedia-downsizes/

The South Country school district faced a significant fiscal crisis. Officials projected a $10 million deficit by the end of June. The approved 2026-27 budget includes 94.5 staff position cuts. Programs in art, music, and sports were also eliminated or reduced. State intervention provided a fiscal recovery package to the district.

https://www.newsday.com/long-island/education/south-country-school-fiscal-crisis-layoffs-prmnbswn

Perkins & Co has been acquired. CliftonLarsonAllen completed the acquisition. The deal resulted in layoffs. These layoffs affected employees in Portland. The acquisition reflects challenges for independent firms.

Portland, Oregon

https://www.bizjournals.com/portland/news/2026/06/25/perkins-and-co-cla-cliftonlarsonallen-acquisition.html

https://timesofindia.indiatimes.com/technology/tech-news/oracle-layoffs-company-confirms-how-many-employees-received-email-from-oracle-leadership-at-6am-saying-that-we-have-made-the-decision-to-eliminate-your-role-as/articleshow/131930070.cms

Glad the Times of India confirmed this from the annual report. So many people. SVP’s and above who ruthlessly cut people off will be in the next rounds of RIF’s.

Larry and that C-Suite do not care who you are.

I have come to have a disdain for RIF’s and the immortality of it all. Lesson. Take your PTO. Work your posted hours. Trust no one at this company. Career growth will only come from moving out not up here.

At some point the true character of leadership is what they tell us it is. They stop being people and “act” on behalf of “the company” and that is why no one at these big companies should care beyond the minimum.