#layoffs

There were some rumors of more cuts at the start of June, what happened with that?

It always amazes me how cr-ppy I fiserv treats their clients. Bad pricing, strong arming negotiations because they are fortune 500 company and it’s hard deconvert , and allowing people with little regard to how they impact that client and even the economy, the slightest increase are passed down to its card holders, but sometimes the increase that Fiserv gives are really high and then question why people make drastic decisions to choose other vendors leave like if they’re the only ones that offer this service… maybe yes it’s hard to leave but once they get to leave, they are leaving. Like stop putting your profits over clients - stop putting your profits over employees and maybe and just maybe your stock will make it over $70. Should be ashamed of themselves. This is what happens when you merge with a sh-t company, place the same sh-t company leaders in high positions after the merger and wonder why it’s going to sh-t. Change your leadership.. change your culture.

The latest circling HQ is anyone with a “manager” title without direct reports is going to be demoted to specialist / coordinator / analysts whatever the respective position would be. Hearing minor impacts to base pay but would impact bonus % and stocks.

Layoff is commencing July 2 for NA region (since July 1 is a holiday)

EU and others will continue the week following. Have been told it’s anywhere from 8-15% of WF.

Good luck to all

PacificSource Health Plans announced it will lay off 97 Oregon employees by July 31 as the nonprofit insurer scales back operations following its decision to exit Affordable Care Act marketplace plans in Oregon, Idaho, and Montana after 2026. Company officials said the cuts are necessary to align staffing with a smaller business footprint amid mounting financial and industry pressures. The changes will affect roughly 60,000 members who will need new coverage next year and come as Oregon's health insurance market undergoes significant consolidation and enrollment declines.

More than 4,000 working Tennesseans have been affected by layoffs or business closures at the halfway point of 2026.

The latest WARN notices posted by the state involve two Middle Tennessee companies. Those notices, posted this week, affect more than 250 workers.

Compared with the same period last year, the number of Tennesseans affected by layoffs or closures is nearly the same. From January 21 to May 30 of last year, more than 4,200 workers were affected. This year, from January through yesterday, more than 4,000 workers have lost their jobs.

In Knox County, more than 200 workers have been affected since January. That includes layoffs at Premier Building Maintenance Corporation in February and the closure of McKay’s Books earlier this month.

https://www.youtube.com/watch?v=E77lRCA5XOw

Kellogg Omaha plant is closing very soon...

They are laying off everyone and are selling the property.

People have less money to spend and branded products tend to be hit more than others. People there were well paid and had good benefits (Unionized) so it's a fairly big for the community.

WK Kellogg Co. is moving ahead with the permanent closure of its Omaha, Nebraska, cereal facility, with hundreds of employees expected to lose their jobs in phases this summer.

https://www.thestreet.com/retail/kelloggs-breakfast-giant-shuts-down-plant-cuts-100s-of-workers

A full year of continuous layoffs is something rarely seen at this scale. Many companies underestimated the value of experienced employees and overestimated AI’s ability to replace them. The biggest mistake is believing technology alone can replace knowledge, judgment, and human expertise.

What a disaster! Laying off smart people and moving roles offshore for cheaper labor. No accountability. It's a circus! A CLUSTER----. BAD MANAGEMENT. They're coming for you next. Get your resumes out.

The layoff is removing post with good information about Verizon and its employees. I wonder if Verizon corporate is paying them.

It never ends at BMC...

Is it true that we might have more layoffs this year or next? I heard that automatic robots are coming to the distribution centers and more jobs going to South America and India are still going down. A high hat in ops. heard it from one of the bosses in securety when he helped him with a violent person problem in his market and then told my boss. He said he told him he is asking for a bigger team . Is that for real or did my boss not understand it right? My boss is always right on what he hears. I’m stressing. Are any of you hearing the same?

Laying off skilled employees just because of AI may become one of the biggest mistakes made by many CEOs. AI is a tool, not a complete replacement for human expertise. Companies that remove experienced workers too quickly risk losing knowledge, innovation, quality, and customer trust while facing growing AI costs and mistakes. The smartest strategy is to use AI to support employees, not replace them entirely.

Well so much for the change in posture with new "leadershits" as folks are still randomly getting tagged and Rif'd. No news, no word, just the same old quiet layoffs to help bolster someone's 10 Mil stock target as a reality and not a bad dream. Exit while you can.

Any insight on what's cooking?

Pretty clear that there is no need for Project Managers anymore, and that they are rapidly phased out, together with the Portfolio Manager level of directors.

Feels like the operations side will be on the front burner, with focus on finding areas that can be made more efficient (i.e., layoffs).

With the upcoming expected layoffs, can folks who have recently been laid off in the US share what their severance was? Please include C-level and location.

WK Kellogg Co. is permanently closing its cereal facility in Omaha, Nebraska. This closure will eliminate 451 positions through phased layoffs. Initial job cuts are expected in July 2026, with the plant ceasing operations in August 2026. The company announced this move as part of a broader supply-chain modernization plan. Ferrero acquired WK Kellogg Co. in September 2025, though the closure plan predates this acquisition.

Omaha, Nebraska

https://www.thestreet.com/retail/kelloggs-breakfast-giant-shuts-down-plant-cuts-100s-of-workers

The Wikimedia Foundation disbanded its six-person Community Tech team. This team was responsible for developing moderation tools and bug fixes for Wikipedia. Hundreds of Wikipedia editors are now discussing strike action in response to the layoffs. Editors criticize the foundation's decision despite its nearly $300 million in assets. A strike could significantly increase vandalism and content issues on Wikipedia.

https://cybernews.com/news/wikipedia-editors-threaten-strike-action/

Spirit Airlines, a Florida-based airline, recently shut down. This shutdown affected thousands of workers. Employees across three counties lost their jobs. Florida jobless claims spiked after these layoffs. New data indicates the labor market is now stabilizing.

Orlando, Florida

https://www.bizjournals.com/orlando/news/2026/05/31/jobless-claims-dip-after-spirit-led-spike.html

Bell Textron Inc. announced layoffs at its Amarillo facility. Approximately 30 employees were affected by this reduction in force. Company officials stated these actions align the business with market realities. They described the staffing decisions as difficult. These steps are necessary for the company's long-term success.

Amarillo, Texas

https://www.myhighplains.com/news/local-news/amarillos-bell-textron-inc-facility-reports-layoffs/amp/

Oregon-based insurer PacificSource announced another round of layoffs. The company will cut 97 positions across all lines of business. These job reductions are effective July 31. Offices in Bend, Portland, Salem, and Springfield will be affected. This action follows PacificSource's exit from Montana operations.

Portland, Oregon

https://www.koin.com/news/oregon/oregon-insurer-announces-large-number-of-layoffs/amp/

The National Labor Relations Board upheld a previous ruling. A West Virginia construction company was found responsible for a labor law violation. The violation involved laying off an electrician. This electrician had complained about his paycheck. The NLRB judge correctly made the initial determination.

https://www.law360.com/employment-authority/amp/articles/2483210

Hospitals Streamline Management to Address Budget Gaps

Hospitals are increasingly cutting administrative and leadership positions. This trend aims to reduce overhead and address financial challenges. Clinical staff remain scarce and costly, making nonclinical roles targets. Care New England, Washington Regional Medical System, and Intermountain Health recently announced such reductions. These restructurings seek efficiency but may strain remaining staff.

Providence, Rhode Island

https://www.healthleadersmedia.com/ceo/why-hospitals-are-targeting-leadership-administrative-jobs-latest-layoffs

Sports Illustrated conducted new layoffs on Friday. Around 10-15 people were affected by the staff reductions. Prominent writers like Mike Rosenberg, Greg Bishop, and Stephanie Apstein were among those cut. The outlet continues to face ongoing financial turmoil. Its current owner, Minute Media, reportedly plans global workforce reductions.

https://nypost.com/2026/05/29/sports/sports-illustrated-lays-off-several-of-its-longtime-writers/

Spirit Airlines recently laid off employees. A total of 653 staff members were affected. These employees were based in Atlanta. The layoffs followed the airline's recent shutdown. This action impacted Atlanta's job market.

Atlanta

https://www.bizjournals.com/atlanta/news/2026/05/29/spirit-airlines-closure-laid-off.html

Indiana University's Luddy School of Informatics, Computing and Engineering eliminated six positions. The dean announced this restructuring in an email. This change aims to align resources with evolving university needs. Indiana University officials did not comment on these specific layoffs. This follows earlier job cuts at IU's Information Technology Services and WFIU/WTIU.

Bloomington, Indiana

https://www.ipm.org/news/2026-05-29/luddy-school-adds-to-ius-layoffs-eliminating-six-positions

The University of Utah athletic department initiated employee layoffs. This action is part of a restructuring linked to Otro Capital. Select units will transition to Crimson Brand Partners. Impacted employees can interview for similar positions there. The official separation date is scheduled for June 30.

Salt Lake City, Utah

https://www.sltrib.com/sports/utah-utes/2026/05/29/utes-begin-unsettling-layoffs/

Three Iowa employers reported layoffs in May. A total of 91 workers were affected. Rhiner's Plumbing Co. Inc. in Clive closed. This closure resulted in 47 job losses. Rhiner's Plumbing led the state's May layoff reports.

Clive, Iowa

https://www.desmoinesregister.com/story/money/business/2026/05/29/may-iowa-layoffs/90315118007/

Bay Area businesses have laid off disabled workers. Hope Services, a nonprofit, supports these individuals. Twenty percent of its 250 clients lost jobs last year. These roles included janitorial work and retail positions. Economic factors and an expired federal tax credit contributed to the cuts.

https://www.nbcbayarea.com/news/local/layoffs-bay-area-workers-with-disabilities/4091574/

MGO spent millions on their conference a couple of weeks back. The L4 and up crew gets paid trips each year to have fancy retreats. We have people flying in for some stupid Leadership summit, and spend so much on things that do not really matter.

Redirect these kumbaya events into actual products and services, Mr. Stankey.. or just use that to pay / keep people instead of firing them in the name of AI savings.

How will Cisco present its AI work? Those getting laid off were not allowed to represent CL even if their speaker sessions were approved. Anyone LRed able to go?

Not many employees can pass Performance Improvement Plan, and they can be out the sooner than employees given a 60 day layoff notice.

Execs act like business is booming and Stankey is a genius, but T is worth the least of all telecom companies. These clowns act like their “AT&T guarantee” and aimless attack ads make a meaningful difference, but T has fumbled one of the biggest industry leads of all time under this incompetent leadership. We are the bottom of the industry, and no amount of executive circlej--king will change that.

I have been working at this awful place for 5 years. In those 5 years I have been ranked VG
and good. I have constantly tried to move up kiss the bosses areses. Nothing I did helped not even staying late and working extra. I am salary so I dont get OT. I noticed others moving up and getting promoted. They were promoted even though they did nothing great. I found out later they were the relatives of other supervisors. Some were not even related but just friends with the supervisors. I have an engineering degree and one of the family members was promoted to be in charge of maintenance. The family member had no degree and experience. I asked why I was not given the job and was told I had not been at exxon long enough. I have given up trying and just do my job now. I was told my productivity had dropped and I needed to step it up if I wanted to remain competitive. I will probably drop in ranking this year but I don t care anymore. Exxon is a dead end for me and I am going to leave. The bad thing is I did not learn anything beneficial at exxon. I am employed as a technologist and just did stupid monkey lab work. I learned all of exxons stupid forms and useless meetings and trainings. I have found a new job at a smaller company that will employ me as an engineer. I am planning to leave asap. BTW I got a 1.5% raise last year and was told I was lucky to get that much. Baytown is a place that the blind lead the ones can see and do. I have never met a good or talented supervisor at baytown just friends and relatives of others in power. Another friend of mine went through the same thing at emhc but it was not as bad as baytown. He told me the only way to move up up was to leave exxon.

Dont by the BS... There’s a tiny bit of truth to it, though "tiny bit" is doing a lot of work... It gives companies as well as Amdocs a shareholderfriendly reason to cut headcount - it sounds strategic, smart, rather than alarming.

Why trim... Gestures broadly at everything... Economic uncertainty, geopolitical sh-tshow, weak consumer and customer sentiment. Also... volatile markets, copycat costcutting... the growing sense that when things eventually break (whenever that is??) companies would rather have a larger cash cushion than a smaller one (or none at all.)

Commercial Real Estate ..

This board should be viewed for what it is… a discussion board for current employees concerned about their careers (with some crazy types) and feedback for those considering wearing “the purple.”

First, you need to ask yourself why so many senior executives have left the bank.

Second, compare the value of both banks at the merger to the value today. I have gotten better returns on my bucket of old pennies with the increase in copper. Pay increases too.

Third, in case you have not figured it out by now it all about the face time and showing off for your manager and their boss.

Now this brings me to the title above.

What a show ineptitude! Thanks Kathy, Joe Pella (Joey – shave that stubble) and Adam Oats who?

Largest markets, Florida, Georgia, Texas and North Carolina Commercial Real Estate, how many of those folks are still here, clients included? Hmm.. all voted with their feet. Even new hires have moved on with corresponding fill in the gap uplifting reorg calls.

Same thing for Grandbridge, everyone left? Why? Oh, and the bank still has a lawsuit against them too. How much is that costing? Interesting read if you have the time. Just wait until they put Kathy on the stand. Can’t wait.

So, what’s the point of this? If you are visiting this site, you need to prepare to set sail for a new adventure and not wait for the next purpose corner or employee survey. Yes, I’m out shortly. Might even get severance and a new job signing bonus if I am lucky.

You?

https://www.stltoday.com/news/local/business/article_81cc95f7-0e43-4a63-99fd-f91d44720096.html

"We believe this approach will strengthen our capabilities, enable around-the-clock operations and allow access to key skills at scale — while preserving our culture, quality and security standards," the company said.

Nothing like preserving your culture while moving it to the third world!

https://x.com/jagermeisterni/status/2060342733232034122

Employees in business intelligence and new customer sales roles were eliminated.

Humana - where careers go to die. Get out before you lose all that you loved about your career. Before your skills diminish because they put you in a box! Runnnn