#layoffs

Hi,
Was laid off in the last round (why do I always type layed?).

The job market as many know isn’t great, even willing to relocate it’s still tough out there.

So in the spirit of considering all my options, what have people seen as “Nike actually paid attention and enforced” regarding going to work for competitors?

No I’m not a reporter or a troll or any of that nonsense, just a person trying to provide for their family and while the severance and savings gives me some time… I would sleep a lot better being back working and moving forward. Not one to “take a break” or sit around and hope for the best, not with the responsibility of a family.

Thank you

If Factset is a WARN company, shouldn’t they have announced layoffs? Last Sanoke dodged the question. Secondly, under WARN act shouldn’t Factset have given us the term date of 90 days later?

As we go into the annual review process, HR is always quick to point out that the employee evaluations have no direct correlation to the amount that an employee might get as a "merit" increase. I have two issues with this:

1. When increases come around every year, the vast majority of employees get a "merit" increases in the 1-3% range. This is essentially a cost of living adjustment. In fact that amount is usually less than inflation, so most of us are getting paid less every year (relatively speaking).

2. If an employee is rated as "developing" they are ineligible for a "merit" increase. Managers are pressured to identify approx. 5-10% of their team who fall into the "developing" category. These employees don't even get a cost of living adjustment, which is, for all intents and purposes, a pay cut because of forced ranking of team members.

HR points out to managers that its ok to label someone as "developing" if they've been in the role for <1 year, so a lot of managers put their newer employees in that category. But based on your hire date, that might mean you may go 18+ months before getting any sort of cost of living adjustment. For managers without any new team members (which are most of them after all the WFRs), they can find themselves stuck tagging a few people who may get a rating they don't deserve and its corresponding pay-cut because of the stack ranking.

Because this has been brought up, HR says they're evaluating the policy on "developing" employees not being eligible for increases, but that opens a can of worms if they do.

More and more, it feels like yet another underhanded way of getting people to quit so the company can continue to fly under any government regulations for lay-offs that exceed a certain threshold number of affected workers. In this case, the idea is that you get lower performing people to leave, however, I'd argue that in some teams, there simply aren't people who are truly "developing" and thus get pushed out because of this manipulative process.

I sincerely hope that this is still just a holdover from the previous regime's culture that will be corrected by the new executive leadership team, but I'm not holding my breath.

Again and again

https://www.igorslab.de/en/intel-18a-delay-manufacturing-problems-foundry-offensive/

I don’t think there will be additional “layoffs” like the ones Monday until later in the year. Correct me if I am wrong, but the Monday layoffs were probably part of the 81 cited in the WARN earlier this year.

What Capital One will probably look to do is leverage the mid-year stack reviews to cull more people from the herd. I don’t believe they need to file a WARN for those since it is technically based on “performance”.

My bet is once they’ve axed the mid year people they will begin to evaluate for the final round or two of integration layoffs.

Been hearing news about lots of layoffs. Anyone know anything?

PP is cutting again - this time is massive almost a quarter of all employed. It's going to be about 300 people which in the grand schema of things is not that big but for us at PP it's the biggest round ever - the impacts are massive. JH got her promo, kudos girl, but you are responsible for the mess as much as anyone else. this time they are not blaming it on ai cause by now everyone knows that story is all bs. i shall be back with a rant on RTO and all failed promises the execs sold us over last few years. well done jill.

Notified yesterday of a mandatory in store meeting happening tomorrow. Any information on this? Seems to be happening to select stores, including COR. I know US Cellular has been shutting doors lately, is T-Mobile cutting corporate doors as well? No information is able to be given by anyone until this meeting.

https://www.abc15.com/news/business/honeywell-to-lay-off-60-valley-workers-ahead-of-aerospace-company-spinoff

Chandler site is rather small more like leased office space. Not sure exactly what went on there but I believe they belonged to corporate and not Aero.

Pinnacol Assurance laid off 43 employees earlier this month. This reduction represents about 7.5% of its total workforce. The company stated these cuts are a proactive measure to refine operations. A proposed ballot measure to privatize Pinnacol Assurance was withdrawn. Supporters will now pursue reforms through the state legislature.

Colorado

https://www.denverpost.com/2026/05/29/pinnacol-layoffs-state-workers-ballot/

Republic National Distributing Company is closing two North Carolina facilities. This action will result in 53 layoffs across Charlotte and Raleigh. The company is undergoing a large operational restructuring. These facilities are expected to be sold to a third party. Overall, nearly 5,400 employees will be laid off across 11 states.

Charlotte, North Carolina

https://www.charlotteobserver.com/news/business/article315994160.html

Embracer Group faced significant financial issues and widespread layoffs. A $2 billion deal collapsed, resulting in thousands of job cuts and studio closures. New CEO Phil Rogers aims to restore the company's damaged reputation. He hopes to rebuild trust with both gamers and the broader industry. Future company acquisitions will now be fully funded by organic cash flow.

https://finance.yahoo.com/markets/stocks/articles/2-billion-mess-saw-thousands-175713470.html

Chandler Hall Health Services is selling its facility in Newtown Township. The nursing home and senior living community will cease operations. This change is expected around August 1. A total of 220 employees will be laid off. The new operator intends to offer employment to these workers.

Newtown Township, Pennsylvania

https://www.wfmz.com/news/area/southeastern-pa/upper-bucks-county/bucks-county-nursing-home-announces-sale-staff-layoffs/article_5b468d5b-1898-4dc2-817a-96636180eb3e.html

The Social Security Administration is undergoing significant workforce reductions. Over 7,000 jobs, representing 12-13% of its staff, are being eliminated. This restructuring is part of federal cost-cutting initiatives. Lawmakers and advocates express concerns about potential service delays for millions. Critics argue these cuts are weakening the system and worsening backlogs. The SSA maintains these changes will modernize service delivery and improve efficiency.

WASHINGTON, D.C.

https://www.cleveland.com/news/2026/06/social-security-slashes-7000-jobs-faces-service-strain.html

Pennsylvania experienced widespread job losses in early 2026. The state's unemployment rate rose to 4.2 percent. Amazon cut nearly 1,000 employees across several counties. Other companies like Vertex, Saks, and Liberty Home Choices also announced significant layoffs. Store closures and AI adoption contributed to these workforce reductions.

https://patch.com/pennsylvania/across-pa/major-store-closures-job-cuts-hit-pa-2026

We had a crunch meeting today, to tell all staff that all departments including companies they have acquired will be taking lay offs. more than 20 from my dept alone, would be one third.

Baptist Health–Fort Smith plans to eliminate 70 more jobs. This action is part of an ongoing restructuring effort. The total number of announced job cuts now reaches about 220. These job reductions have been announced since April. The health system is located in Fort Smith.

Fort Smith,

https://www.swtimes.com/story/news/2026/06/03/additional-layoffs-announced-at-baptist-health-fort-smith/90380755007/

The Minnesota Star Tribune announced workforce reductions. The company will cut 65 jobs, affecting 15% of staff. This addresses ongoing news industry business model challenges. CEO Steve Grove signaled a potential ownership change. The organization plans to transition to a foundation structure.

Minneapolis, Minnesota

https://www.startribune.com/minnesota-star-tribune-cuts-jobs-and-pursues-nonprofit-ownership-structure/601852356

They can replace every single person in leadership, but there's no way anyone competent or with an actual vision is ever walking through that door. The culture is too far gone. There's no coming back from this.

Uber is reducing its workforce within its People and Places division. This department encompasses human resources, recruitment, and workplace facilities. The company is eliminating 23% of the roles in this specific division. These changes are intended to address organizational complexity and fragmentation. Uber confirmed that artificial intelligence was not a factor in these particular job cuts.

https://finance.yahoo.com/markets/stocks/articles/uber-layoffs-hr-workplace-division-160459323.html

Also, the sooner the better. Still some chance at severance, at least. I can't wait to have this forsaken place in the rearview mirror.

Monumental Sports & Entertainment recently laid off staff. Approximately 30 employees were affected by these cuts. This number is less than four percent of the total workforce. The organization employs around 1,000 workers. Management attributed the layoffs to redundancy and duplicated work.

Washington, D.C.

https://www.bizjournals.com/washington/news/2026/06/03/monumental-sports-staff-layoffs-wizards-capitals.html

Siemens Management Call Today discussed massive layoffs coming through 2027 upwards of 20,000 employees globally. Massive restructuring underway for all business segments through 2028. Divestment of many areas due to AI adaptation and automation.

A trucking company in Wisconsin Rapids announced mass layoffs. Employees received notification of the job cuts.

Wisconsin Rapids, Wisconsin

https://www.wsaw.com/video/2026/06/03/wisconsin-rapids-trucking-company-notifies-employees-mass-layoffs/

The York Region District School Board plans to eliminate 249 support staff positions. These cuts include over 200 educational assistants, along with secretarial, IT, and library staff. The board cites a projected 5.1 percent decline in student enrollment for these reductions. However, the Canadian Union of Public Employees blames years of provincial underfunding. Union officials warn these layoffs will negatively impact vulnerable students.

York Region, Ontario

https://www.yorkregion.com/news/union-blames-school-underfunding-for-249-york-region-layoffs/article_62c591c4-effb-5ef3-af9c-45e4aef5f32c.html

Not good times to look for another job. I sincerely hope you all get lucky and land better jobs soon.

https://www.travelandtourworld.com/news/article/wl5hu04k6ut6/

The wool is going to come off people’s eyes sooner or later. When it does, the stock will end up much closer to where it belongs, in the single digits.

They always expect us to be loyal, to give our best, to stay for years and build our careers here. But when it comes time to invest in us, we're just an expense to be minimized. Experienced people get cut or have their raises capped so the company can save a few dollars.

https://www.livemint.com/market/stock-market-news/oracle-layoffs-30-000-jobs-cuts-to-be-completed-by-june-15-despite-booming-cloud-ai-growth-and-strong-earnings-11780391629986.html

Presbyterian Hospital has announced the layoffs of 150 workers along with the discontinuation of most Medicare Advantage plans in 2027.

According to a statement from Presbyterian Healthcare Services, the layoffs will be in administrative roles and not related to hospitals or clinics.

https://www.koat.com/article/presbyterian-layoffs-albuquerque-new-mexico/71475392

From what I have seen lately, many experienced workers are checking openings in the background but holding off on changing jobs until companies start hiring more steadily again. Once that happens, we'll see a major exodus of talent.

T is like an enormous dinosaur lumbering through the telecom space. Had we cared for the aging dinosaur by making sure our fiber footprint and customer service were robust, we could have survived the times we are in now.

Instead we tried to weave ourselves into sectors we had no business in and come up with gimmicky BS to seem cutting edge.

Putting funding and focus into those pursuits made us quietly fall behind. Now we’re like a cringey guy in the throes of a midlife crisis trying to date 20 year olds and who have zero interest while neglecting his family that is rapidly falling apart.

Nothing is working and the company looks stupid as he-l flopping around trying to ensure everyone that things are going great and AT&T is cool.

Sadly, that's far from what happened here. The people who knew how to play politics, who knew how to hide during the bad times, they're the ones who mostly survived. Most of the people who actually knew how to lead, who had real skills and real experience, they're gone. What we've got left is the worst management team I've ever worked under and most of the rest of us who do the work looking for an exit.

If it’s any consolation, “thank you for being the best part of Verizon” was carelessly worn out like “love you’s” to your ex-wife. They got us all with it. They made corporate love to us (because it wasn’t consensual) while they took our innocence, money, and more importantly time. And you sold your dignity for a small check and what amounted to a pizza party. Hey we all get used from time to time. But this time, you got a skill out of it not just he---s.

https://www.cnbc.com/2026/06/03/att-downgraded-ahead-of-spacex-ipo-on-coming-broadband-competition-from-starlink.html

It’s over y’all!

I finally decided it was time to give up on FIS and started applying. Honestly, this company makes you feel so sh---y about yourself that I went in thinking I wouldn’t be able to land anything.To my surprise, a couple weeks in, I have two offers, both paying significantly more.
Put yourself out there. Believe in yourself. Don’t let this record breakingly bad executive team and their leadership make you lose confidence in your future.

Does anyone have any idea when the next round will be, June or July 2026?

Please don't assume we're back just because we're hiring. If you've followed the trend over the last few years, OpenText has often hired and then later laid off employees to backfill positions. The current hiring activity alone doesn't necessarily indicate sustained growth.

The cure is not in cutting costs. The cure is to innovate its way out of the current
predicament. Fiserv seems to be missing that point. Sure you can increase EPS by buying back stock and laying off employees, but thats not going to grow top line revenue. No one is impressed with management’s plans, and the stock price is reflecting that.