#layoffs

Posts mentioning hashtag #layoffs

Below are all the posts — topics as well as replies — that mention the hashtag #layoffs.

Mention #layoffs in your post to continue the discussion!

Blaine District Halts Staff Layoffs, Adds Programs

Blaine School District will avoid major staff cuts this year. This follows several years of recurring layoffs and budget challenges. Interim Superintendent Dan Chaplik implemented financial and programmatic changes. The district secured additional state funding and grants. Enrollment has also increased, and new programs are being added.

Blaine, WA

https://www.cascadiadaily.com/2026/mar/29/blaine-schools-to-avoid-deep-cuts-this-year-after-years-of-layoffs/


Novo Nordisk May Cut 5,000 Jobs, Analyst Predicts

An investment analyst forecasts significant layoffs at Novo Nordisk. Up to five thousand staff reductions are predicted within two years. This prediction follows a decline in future earnings expectations. The company needs to address its cost structure. This view comes from an analyst and economist.

https://medwatch.com/News/Pharma___Biotech/article19163186.ece


Takeda Cuts US Jobs to Save Billions

Takeda has begun a workforce reduction in the U.S. This action aims to save over $1.26 billion in annual costs. Approximately 634 roles at its U.S. headquarters are affected. This includes positions in Massachusetts and other states. Employee notifications started in March 2026, with changes effective July 2026.

Cambridge, Massachusetts

https://www.fiercepharma.com/pharma/takeda-begins-us-layoffs-part-massive-13b-restructuring


Tulsa

Do we know anything about Tulsa and whether it’s being chopped? Huge cavernous and dated building with a couple hundred people huddling on 2/4 floors in 1/5 wings. I guess we own the big tu-d but been trying to get rid of it for years. Odd that it don’t come up in these conversations about what offices are closing because it seems like the first one I’d get rid of


The joblessness of AI (WSJ)

Sounds familiar. “Everyone I talked to is consumed by AI—either how to use it, how to pretend to use it, how much they hate using it, how it’s going to eliminate their position or their company’s product,” he said. 

https://www.wsj.com/business/how-working-in-america-became-so-joyless-a1976fd2?st=gtZ34P&reflink=article_copyURL_share


Golden Parachute

SB didn't get what he deserved, quite the opposite.

He has a golden parachute, which only pays out reliably IF/WHEN the company isn't in CH 7 or 11. Parachutes get trimmed down, and sometimes eliminated entirely in bankruptcy.

They didn't throw him out a window, they put him in a life raft. He'll get paid out, and after that, look for CH11. IF anyone here read up on his nonsense agreement and knows what the payout timeline is, please chime in. That is a good indicator of when they might be filing.


What if.....

What if you were told, "we are going to lay you off, should have been done already, but we have too much work at the moment. So, we need you here to do the work then we will lay you off."
This has actually happened in Tech under BT's watch.
The question is, would you put in 100% and do your best, or would you say "scr3w it, I'm marking my time since they don't want me"?
I think I'd be in the latter group. Having been told that is extremely harsh and super bad for morale. (although I don't think they care about morale)
What about the co-workers? How do you even face each other knowing the axe is hanging above heads?


Solventum = ZimmerBiomet 2.0

1.) Hire exec. team of highly compensated "friends" to virtue signal
2.) Create us vs 'them' environment
3.) Have numerous employee indoctrination meetings
4.) Spin-off non core businesses
5.) Quarterly lay-offs of 'them'
6.) Complain that Bryan isn't Chairmen of the Board

Rinse and repeat.


AI layoffs and Dunning Kruger

Layoffs are coming, not because AI has replaced any jobs, but because Jeremy Legg is simply not intelligent enough to implement AI in a cost effective manner. He has spent so much money attempting to implement something he knows nothing about that we will have to lay people off to save the balance sheet. R.I.P CDO, it was nice knowing you!

Stankey loves AI because it’s the only thing that tells him his ideas are good. We need more Dunning Kruger machines so we can make more incompetent business decisions to line the executives pockets, and we will spend billions to get there! Glory to Netanyahu!


Dell Derangement Syndrome (DDS)

A rare but rapidly spreading condition triggered when Michael Dell logs on, drops a “Go American” post, and starts sounding like he just got off a call with Donald Trump.

Symptoms include:

Immediate emotional spiral on internal boards

Writing a 9-paragraph manifesto no one asked for on the layoff site

Saying “this isn’t political” while being extremely political

Refreshing comments like it’s the stock ticker during earnings

Advanced stages:

Convincing yourself every product launch is now a campaign rally

Interpreting supply chain updates as coded political messaging

Believing your PowerEdge server has a voting preference

Diagnosis:
A corporate variant of Trump Derangement Syndrome but with more acronyms, fewer facts, and way worse comment sections.

Treatment:
Log off
Touch grass
Stay off layoff sites until mild sedation sets in


There you have it !

https://www.edhat.com/beyond-local/news/california-toy-giant-mattel-inc-to-lay-off-65-employees-at-headquarters/#
Toy giant Mattel, the maker of Barbie and Hot Wheels, is laying off employees from its El Segundo headquarters, according to a notice to state authorities.

The company is expected to permanently lay off 65 employees from its headquarters located at 333 Continental Blvd in El Segundo, Los Angeles County, according to its official WARN notice.

Under the Worker Adjustment and Retraining Notification Act (WARN) Act, employers are legally mandated to provide a minimum of 60 days’ notice prior to plant closures, mass layoffs, or major relocations. The notice gives local agencies and staff time to prepare, according to WARN.

Mattel submitted the documentation on March 23, 2025, and it was processed the following day. The layoffs will be effective from May 22, 2026, the WARN filing showed.

This is the second time Mattel has laid off employees from its headquarters within a few months. In January 2026, the company laid off 89 employees, according to WARN filings.

Citing a Mattel spokesperson, a news report by Los Angeles Business Journal said that the layoffs in January were part of its effort to restructure its global brands team.

Most of the impacted employees held senior or executive positions, including significant roles on Barbie, action figures, and games teams, the report added.

In March 2025, Mattel laid off 120 workers from its headquarters, most of whom held positions like manager, director, and vice president, according to a Los Angeles Times report. The job losses were part of the cost-cutting effort as the company focused on maximizing its profits.

Citing Mattel spokesperson Catherine Frymark, the news report said that the company was targeting $200 million in cost savings by 2026.

Earlier layoff notices showed that Mattel reduced 439 employees from its El Segundo headquarters since 2020, according to the Los Angeles Business Journal.


Selection of people to be laid off is actually fascinating

They've been getting rid of the people who knew what they were doing, and consistently holding on to average performers. The remaining competent people are forced to take on most of the leftover workload, while slackers have the time of their lives. It's not only a management failure, it's a conscious decision at the top. The only reason people put up with it is because of the terrible job market. Sooner or later, however, something will have to give.


It’s not going to be performance based

I mean, not really. Maybe on paper, to an extent. Paper is just the cover. It will be money based, without any long-term strategy, any concern for team cohesion and efficiency, and without any thought about talent retention. It’s the scrambling phase. Chickens coming home to roost for the string of bad decisions, driven by greed, grandiosity and mediocrity.


Fiserv below $50/share with Mike incompetent

Fiserv will dip below $50/share next week given horrible execution, bad employee morale, and irresponsible management incentives. Mike will take tens of millions of dollar home. Leaving shareholders holding the bag. Mike has promised no lay off, but now lay off is a routine feature. Mike has never bought a single share of our stock in the open market.
This ship called Fiserv, is going to zero.


Does anyone remember this.....just saying!

Anyone remember this!
Looks like they were pretty spot on, just delayed due to COVID.

Giving you a heads up
Sept 1-most Prof/Tech and Para's will start re-entering the building. Leadership will have been transitioning into the buildings starting July 12. Now leaders can meet in person to discuss the following!

November - TMs will start meeting with employees to discuss the new Future State Operating models- Fire re-org, HRU, Stewardship, Prox....Team Lead structure U/W, Auto/FIre, a lot less TM's-only in the specialized areas, no ratings for employees, like TMs are today, with just a percentage/EIP. Levels of leadership will start getting cut and there will be more targeted transitions for tenured TMs, SMs, and CMs. Most CMs and SMs jobs are gone. AFS and Sales Leaders jobs are basically going away too. Korn Ferry will be utilized to determine who stays and go! Estimatics is done and so are most of Prox-outsourced to third party vendors-transition plans will be offered or more reassignments.
January 1, 2022- Pension buy-out offers are coming and employees will get heads up. Take it, trust me! There will be some decent incentives, bridging, time service etc...will be your last chance. Will be tied to staying around a certain period of time depending on local/Hub/LOC/job function/level. Agents will start all selling Gainsco ins too!

What's left-over-2nd Quarter 2022 LOC will find out their final faiths-depend on how quickly they can be replaced in hub cities/need. Also job class changes coming for U/W and Claims across all levels. No more $90K Auto/Fire Underwriters or Claim Reps in Prop-Complex and/or TM's for $130K a year to clear task, review a letter or review a file! TL will handle for $50-$60! CCC consolidation etc....

3rd Quarter 2022- 100 years now and changes to agency contract. More bots to automate away a lot of easy claims functions and U/W is going to start getting a lot more automation-ST to ST transfers, all added cars, all new business, automation of RAS/non-renewals and sunsetting the error based processing system. Target number of 40,000 employees by end of 2022, down from our current 57,500 approx. today! 25% reduction overall, target has been around 10% a year give or take a few percentages/turnover.

Pucker up ladies, gents, transitioning....!!!! It's amazing what things are left unprotected on SharePoints sites if you know where to look! You haven't seen sh-t yet!


Did the removal of low performers ever take place?

It seems like the people who can’t walk and chew gum at the same time remain blissfully employed at OpenText.

I received a great review and an above average merit increase. I was laid off.

I was the only person on my team who could do half of our tasks. I rarely missed work and was in the midst of a major project that was ahead schedule.

I saw many other high performers let go.

Even though being laid off su-ks, I am happy to be off the sinking ship.

Oh by the way, directors and above new was getting axed in January, if not sooner.


March 2026 Layoffs

More layoffs at end of March 2026 after a previous round earlier this year. After being told no more layoffs, thee were apparently still more needed. Approximately 35-40 invited to a conference call and let go effective same day, and many with substantial years of service. I do know of at least 1 other person from another department that was not included in my group, but was laid off, so not really sure just how many were actually laid off company-wide in this round. A reason in the separation paperwork I received was that the company was going to be moving more work offshore - assuming to India like the other jobs offshored in the past. Perhaps not everyone's reason, but that's what my paperwork mentioned.


Intel has changed so much

After they cut so many people, the team dynamics are completely different. Nobody really collaborates anymore, everyone just sticks to their own stuff, at least in my area. The shared ownership we used to have is gone. It's changed how we all interact and not for the better. It's just a completely different company these days.


So close to the finish line

I watched someone who was maybe two years away from retirement get pushed out, and something shifted in how I see this place. After decades of showing up every day, doing the work, being loyal, they couldn't let them finish out what he'd earned. If that's how they treat people at the end, what's the point of sticking around?


I NO LONGER CARE.....

Fiserv has a few H1B holders that are spying or other companies or countries. Not sure if they are part of the same group. Cyberteam in the United States please be aware of this if not already aware. I am just trying to make it to my Fiserv layof or exit plan. I personally now carry language translator and keep it on at all times because of all the foreign languages spoken on the work floor and on conference calls all the time, which is an HR violation.


Pennington Site Closure - Zero Communication Since October

Does anyone have any info regarding what they plan to do with those folks who are currently based in Pennington? Will all be forced to Jersey City or NYC? Will there be a new site in PA that is an option? Will some be let go when the site closes? What happens if your new assigned location is not a viable commutable option? I know that BNY doesn’t care about those impacted so they are in no rush to provide any info, but it would be great to have some details so people can plan their next move.


Engineering Cut

I see some groups had engineering cut heavily. This is typically a very bad sign especially when the 'process' professionals who mostly bring no value and simply get in the way of innovation (at this company) remained unscathed. The budget cut requirements could have been serviced by dealing with those groups while giving innovation in engineering a chance going forward. There was a belief this was a Mark B. policy but clearly that is not the case as this goes right to the board and IS the business model. Time to accept that.