#layoffs

• AT&T: $29.58 → $22.75 (-23%)
• T-Mobile: $102.53 → $180.40 (+76%)
• S&P 500: 3,115.86 → 7,465 (+140%)

Nearly six years later, AT&T’s answer to every problem seems to be more RTO, more presence tracking, and more control.

Meanwhile, T-Mobile continues to outperform, remains remote or hybrid for corporate employee managers, and has become a destination for talent that no longer wants to deal with AT&T’s five-day office mandates.

T Leadership keeps talking about where employees sit while competitors are focused on winning customers, growing the business, and attracting talent.

The stock charts tell the story better than any town hall BS story or August 2025 manifesto email ever could.

Anyone else notice no one is getting promoted since ER?

If you are at FIS, just assume you are on the chopping block no matter what. Good performance, glowing reviews, even being tight with your manager, none of it matters. You are a number in a spreadsheet and the moment it gets too high for comfort, they will show you the door. Better to accept that now than get blindsided later.

Layoffs are inevitable- but does anyone know for sure if financial crimes will be affected this month for layoffs?

Apple, Wells Fargo, and Gilead Sciences have scheduled layoffs. These job cuts are set for June 2026. Industry experts question AI as the primary reason for these reductions. Many believe AI is a convenient excuse for other financial pressures. Over-hiring during the pandemic and high interest rates are also key factors.

http://www.msn.com/en-us/money/companies/apple-wells-fargo-gilead-among-firms-announcing-june-layoffs/ss-AA24zvWn

Republic National Distributing Co. plans to lay off 56 employees. The company will cease operations at three Ohio locations. Two of these sites are located in Greater Cincinnati. These moves follow several months of downsizing. A potential sale of its Ohio facilities is under consideration.

Cincinnati, Ohio

https://local12.com/news/local/republic-national-distributing-layoffs-cincinnati-ohio-pending-sale-unemployment-jobs

Walmart is reassuring employees about artificial intelligence. The company gathered thousands of workers at its Arkansas headquarters. Executives stated AI will enhance jobs, not eliminate them. This effort follows concerns about AI-related job displacement. Walmart recently cut or moved 1,000 corporate positions.

Arkansas

https://www.pymnts.com/walmart/2026/walmart-tries-to-assuage-ai-worries-as-tech-related-layoffs-rise/

Gallo is closing its Lodi crush facility. This action will result in approximately 20 layoffs. The company cited available capacity at other regional wineries. This is one of several recent closures for the wine giant. The California wine industry faces a three-year crisis due to declining consumption.

Lodi, California

https://www.sfchronicle.com/food/article/wine-gallo-lodi-crush-facility-wine-22294910.php

More cuts?

It stupid to have security under FTS/FAST to begin with. I don’t get it!…MD and that CIO guy were two of the worst hires in the history of the company. Idk think they know what they were doing.
He only did a year then left!…he wanted everything to be engineers. Nonsense

The way leadership picks who gets cut here is totally random and makes zero sense. They've let go of some really talented people plus newer folks, and none of it seems to follow any pattern.

We barely have layoffs anymore. Yes, there are PIPs, but if you're good and a high-performer, you have nothing to be worried about. Frankly, I've never felt safer here than I do right now.

Fresh 1-year lows on the stock. Morale at all time lows. Employee trust at multi-year lows.

Yet somehow we’re still talking about badge swipes, presence reports, and where people are sitting.

The market is asking for execution. Leadership keeps responding with attendance nobody cares about.

I really, really want to leave US Bank, but I'm wondering if it's safe to join a place that obviously is not shy about cuts. Has anyone here taken a job at a company that recently had layoffs? Would you do it again?

I am new here but already getting the sense that layoffs are just part of the deal. I'm trying to figure out if this is something people always stress over or if it comes in waves and then fades.

We all know it's coming and we know they'll do anything to cut labor as much as possible. All of us here have an expiration date.

Looks like the fat is finally being trimmed. Few managers have joined back as technical ICs while several have been impacted in the Cx delivery org. If you don’t contribute technically, being just a people manager is not good anymore.

https://www.pymnts.com/walmart/2026/walmart-tries-to-assuage-ai-worries-as-tech-related-layoffs-rise/

We're the ones who usually pay the price whenever costs need cutting. Seeing others being hit for a change is a bit refreshing. No hate but it's about time.

I keep seeing coworkers bail for jobs that pay way less. Nobody even tries to match their old salary anymore because things have become that miserable here. That's how low we have fallen.

People were let go with no warning. None. That's the scariest part of this whole thing to me. If there had been at least some indicator, something. But being a high performer and one of the most experienced people there, only to have the rug pulled out from under you like that... I feel so bad for them.

Mainly those who were laid off? I'm just curious, because for me, as soon as they're gone, that's usually the last I hear from them, or they hear from me.

A position I was eying opened up and I was going to apply internally but then I stopped and really thought about it. Is there a point of investing any more of my career here or should I just start applying outside? Things have been messed up for a while and as much as I used to like it here, I'm not sure I see a bright future for this place.

Many Massachusetts communities are facing significant budget shortfalls. These shortfalls are leading to widespread municipal layoffs. Malden plans to lay off 29 public employees, including firefighters. New Bedford will cut 94 positions and close a fire station. This situation follows the end of pandemic-era federal grants.

Massachusetts

https://www.bostonglobe.com/2026/06/05/metro/massachusetts-layoffs/

UBS Financial Services will lay off 65 employees. These job cuts are scheduled for August 26. The affected office is in Weehawken, New Jersey. This marks the second layoff notice from UBS this year. The reductions follow the company's 2024 acquisition of Credit Suisse.

Weehawken, New Jersey

https://www.nj.com/hudson/2026/06/financial-giant-plans-168-nj-layoffs-after-blockbuster-acquisition.html

Major U.S. employers issued the fewest layoff announcements in May. USA TODAY tracked 250 mass layoff notices affecting 32,000 workers. Spirit Airlines accounted for nearly 7,000 of these job cuts. The airline announced a shutdown and ceased all flight operations. This occurred despite U.S. employers adding 172,000 jobs in May.

https://www.usatoday.com/story/money/2026/06/06/may-job-layoff-warn-tracker/90425986007/

Well, the reality of its price and ROI. It's going to be so much fun to sit here and watch as the price tag balloons to ten times what it would have cost to keep the people who were laid of to be replaced by it. And then to watch them scramble to get the same quality of people back. I'm seated.

Is it true that there will be individual layoffs in June?

17,000 Layoffs before March 2027. Please Get Ready

Verizon Replacing Its Customer Service Personnel With AI Has Turned Live Chat Queries Into Low-Quality ChatGPT-Like Replies, Enraging Customers -- Omar Sohail
Jun 5, 2026 at 11:52am EDT.

Companies will eventually replace humans carrying out what they believe to be menial tasks with AI, and U.S. carriers are no exception, with their Live Chat department now being handled with chatbots that are providing less-than-useful replies to customers. In fact, a regular user of ChatGPT likely noticed that Verizon’s own service is providing similar low-quality responses, tarnishing the company’s reputation while also impacting the experience for millions.

Knowing the technical mistakes that AI can make, Verizon should only completely replace its Live Chat service after properly training its models.

The AI’s responses being similar to ChatGPT’s were noticed by Redditor “Hot_Saguaro,” who says that Verizon wasn’t even hiding the fact that the chatbot was providing technical answers similar to OpenAI’s service. After attempting to ask why her iPad wasn’t connecting to the internet, a Verizon representative said it’s because her service address is still her old address. She immediately countered, saying that another customer living in the same block was facing the same problem.

Verizon CEO Dan Schulman has previously stated that the company will focus more on customer service to boost the experience than shell out promotions, but it appears that the Chief Executive’s efforts have fallen short.

As expected in the Reddit thread, people were not thrilled with Verizon’s direction of replacing humans with AI, with a former employee saying that “one of our selling points was that we didn’t offshore call centers. It’s gone so downhill from when I used to work there.” It’s only appropriate that Verizon holds off on completely replacing its Live Chat with AI until it has properly trained its model to handle customer queries properly.

Simply integrating its service with ChatGPT won’t win the company any awards, especially when AI can make a boatload of technical mistakes that will be pointed out by users who are even slightly knowledgeable about carriers and their network’s functionality.

https://wccftech.com/verizon-replacing-humans-with-ai-for-live-chat-is-lowering-response-quality/

So what is everyone hearing? Any cuts on the horizon?

I notice that the losers from Integrated Services haven’t updated their profiles with their new titles. Aren’t they proud to be working at the intersection Ford and unemployment?

As long as the employees who do the actual work remain, I welcome these layoffs. Too long we've been losing the wrong people while those who do nothing but sit in meetings regurgitating the same things over and over again remain. If they're on the list, I say bring it on!

How has this become the new normal?

Earlier this year, Meta cut thousands of employees and told investors the reductions were necessary to fund its AI ambitions. The company redirected that payroll into infrastructure, researchers, and models designed to compete with OpenAI, Anthropic, and Google. Mark Zuckerberg called it the most important investment Meta would ever make.

The first real test of whether that trade-off is working just arrived , and the answer is not straightforward.

https://au.finance.yahoo.com/news/mark-zuckerberg-meta-face-first-164700000.html

Left late last year after 20 yrs w/ the company. When I started vz was the best company to work for. Took care of employees, customers and advancement opportunities were endless.

Ever since the Vodafone buyout happened in 2012/2013 it’s been a sinking ship. Less and less executives who worked up through the company, bad ideas (go 90, hum, etc), resources and support gone, outsourced CS, ripping off the customer, micromanaging thru the roof and layoffs every year.

It’s a shame but that’s corporate America these days.

OP is @15j+1kqqf7e4m.

Just ask around, you'll see that people have been disappearing consistently. They don't need major rounds anymore when they're always cutting folks.

ESPN is bracing for another round of layoffs this summer, sources told Front Office Sports.

The cuts are expected to affect both talents and non-camera-facing employees, sources said.

https://frontofficesports.com/espn-braces-another-round-layoffs/

Can we have just a full month without layoffs? Just one?

They tossed out long term employees like garbage. Decades of service gone just like that. Loyalty doesn't count for anything here anymore. They cut the people who actually know how things work. Now all that knowledge is walking out the door. Management only cares about slashing costs, not about who they're losing. It's disgusting.