#layoffs

We've been bleeding talent, whether through attrition or layoffs, and the best people are gone. There are very few of us left who can actually do the job, and the workload is impossible. I guess nobody really cares.

It's normal to be a bit slow in late Summer but it never really got busy. Just one program everybody's hanging their hats (and hours) on. Can't last like this. The prospect of staff reductions hangs in the air like a dark, brooding cloud... waiting to storm.

Ron needs to increase his total compensation for 2026. He's like the Freddy Krueger. Once you think you're safe and put your head down, he comes after your job. Do not sleep!

If so, start moving that mouse around ladies and gentlemen.

Can anyone confirm if the Quincy office is indeed closed, and all the employees that were retained are now working from home? Also, was the requirement to live within a certain number of miles from an office removed as well?

Surprising number of individuals leaving recently from all different titles/backgrounds. Bad leadership seems to be the common denominator and not listening to what employees want.

Just had a contractor on our team let go and had the vendor tell her that layoffs by EOW next week. Anyone hear of this?

because openly talking about the sh-t show I am experiencing to anyone here puts my job at risk. Communication between the groups is not as good as it was before Nov 2025. Project progress has slowed, keeping up with changes in direction is ridiculous. and trying to keep quality in the contractors' work is, well, impossible (too much to oversee). Leadership should not have wiped out so many good people in that last big layoff. This is my experience. Is it just me, or are others in this market also at their limit?

Corporate environments today are not the stable, lifelong paths they once claimed to be. So often we see people changing assignments, leaving the company, being put on PIPs, or facing layoffs. Stop repeating corporate talking points “At ExxonMobil, we hire for careers. ”Instead let employees build adaptable skills and navigate change effectively. This brain washing needs to stop

Sounds like the hammer dropped on several teams yesterday. Of course, no real communication to indicate which teams.

Yes, you read that right. Twice now I’ve had to watch where I walk because someone decided to de-----e in public. I never experienced that while remote. Before I forget did anyone see the pervert exec on the home page this week. Gosh it’s going to be so uncomfortable when he speaks to us at the June town hall. Hopefully he doesn’t ask us about our boxers or briefs 🥴 >> https://www.thestandard.com.hk/finance/article/167954/BlackRocks-Mark-Wiedman-sorry-for-off-color-comments-to-women-such-as-boxers-or-briefs << When I’m not playing frogger to avoid stepping in sh-t I’m either (1) hoping for my bus to arrive less late than usual (2) watching my back as a woman amongst the crazy people in town (3) witnessing open air dr-g use/dr-g exchanges and public urination (4) avoiding confrontation of any panhandler because I’ve seen the tension escalate to punches being thrown and if it comes down to it I would like to defend myself but I can’t carry a pepper spray deterrent with me and into the building (5) calling the babysitter to let her know I might be 80 minutes or 120 minutes before I get home (6) chatting with my son to see how soccer practice went since I can’t be there as often (7) hoping that my vehicle didn’t get damaged sitting at the park and ride lot (8) wondering if I’ll have enough time tomorrow to complete what I couldn’t get done in office the previous two days. Plus much more. Don’t ask me how many home cooked meals I’ve been able to make and eat with my family like we usually did before May 4. On the financial side of things I am struggling with this worrying dilemma. Do I cancel my IRA contributions to cover the cost of daycare and a frequent babysitter? Do I cancel my HSA contribution to pay for gas? What can I cancel to pay for my time? Seriously I am drained. This is the 2nd payday under the RTO policy and I am in the negative yet again. Thankfully my enormous 1.25% raise allowed me to buy a few tanks of gas this month. Not sure what I’m going to do next month. Probably have to bring the older child into work to avoid babysitter costs. My team is loosing talent soon. I’m sure my workload will increase. I’m sure I’ll be asked to get things done in the same amount of time. I’m definitely sure I won’t get any additional compensation for covering an empty seat. As of May 4, working here has become financially unjustifiable, incredibly stressful and a waste of time. It would be different if this was a job that physically needed my presence. But it isn’t. Same goes for the rest of my team. We have this futuristic ability to do our work remotely like we were doing for years but now all of a sudden we are needed in office to justify their real estate investment. Here is the best part my team is all remote with respect to each other. We are at least 250 miles from each other. The policy literally makes no sense. It’s causing me to lose cents too, well actually dollars — lots of dollars. So yea my testimony is sh-t is literally hitting the fu--ing fan. So if more sh-t hits the fan we can expect to have to avoid more human sh-t piles. If this is brilliantly boring well I am having trouble finding anything brilliant about it. Maybe I’ve been too generous by meeting or exceeding all expectations every year for over a decade. To Bill: make the brilliant decision to reverse the RTO policy completely before you wreck the careers and lives of more of your loyal employees and customers. The customers who no longer want to bank with us because of this terrible decision.

Don’t forget Bill gets a 30% comp increase and executive security. We get pennies on the dollar and a mandatory RTO five days.

I’m curious to hear honest and objective opinions from others about why so many employees seem unhappy at Truist. What is it about the employee experience that feels so negative? Is the culture at Truist actually worse than other banks, or is this just how banking is everywhere now?

To be fair, Truist did help me gain valuable experience in a field where I wanted to build my career. For that, I’m grateful. But looking back, I honestly feel like it would have been better for my career if I had stayed only 2–3 years and moved on.

From my perspective, long-term growth and advancement opportunities here seem extremely limited. Leadership constantly talks about “upskilling,” “career development,” and “training,” but in practice there are very few promotions or meaningful opportunities to advance, at least in my area.

I’ve been in the same role for years now and feel completely stagnant. I’m no longer learning or growing professionally. At this point, it feels like I just log in, do the work, check the box, and move on with my day.

What’s concerning is that I’ve become so complacent that the idea of being RIF’d almost feels like it would be a positive because it would force me to move on and try something new while collecting severance. I’ve never felt this disengaged in my career before.

What makes it worse is that many people on my team who have been here a long time seem mentally checked out as well. The overall environment feels stagnant and low-energy.

Interested to hear from others, what do you think drives the negative employee experience at Truist? Is this unique to Truist, or just the reality of large banks today?

Well folks the day has come as my last day here at fidelity. To this community I want to say thanks for the entertainment and the small pockets of actual true facts warning on layoffs. To those affected by the layoff I wish you the very best and hope for a speedy bounce back to a job less toxic and more pay. To those still at fidelity I hope you guys make it through the sh-t show that has ensued.

What’s everyone hearing?

since 2020, the market cap of TMO today is basically the same as Verizon...what a waste of money ($50+) and time (5+ years). Sad, sad, sad...

It's so easy to stay on the payroll doing the very minimum work just to not get fired while taking as many paid days off for all the many reasons we can easily get away with. See, the difference between many of us and the bootlickers is that we just don't give a fck. We know we can't be fired and some day we'll be surplussed and when that happens, which it inevitably will, well celebrate and move on with our nice termination pay, which is much better than the bootlickers get. lol

Anyone know when or if there will be another round?

PZ last day!!!! Ready to welcome a fresh chapter with a new CEO who is already showing to be a lot more human than robot sitting in an ivory tower! Perhaps he can sort out the expensive mess that has become of AI.

That’s what it’s starting to look like. Seems a little self-defeating to me, but what do I know, I’m just a measly peon, right?

SentinelOne shares plunged in after-hours trading on Wall Street after the company published its first-quarter financial results and announced layoffs affecting 8% of its workforce. The cybersecurity company reported results that largely met expectations but issued a relatively weak forecast, sending the stock sharply lower in late trading.

https://www.calcalistech.com/ctechnews/article/r1goyeuxgx

Every morning I wonder if today is the day they decide I am out. Leadership flips on people without warning and I have seen it happen too many times. The rules change weekly, nothing is written down, and I get blamed for not reading minds. I am running on empty and too scared to speak up because anyone who complains disappears. This crew has cycled through everyone multiple times since I started. They call it natural turnover but it looks much more like a sla-ghter to me.

Friday isn't usually a layoff day, so I'm thinking no, but if anybody knows for sure, please share.

Fidelity layoffs hit Covington campus

CINCINNATI (Cincinnati Business Courier) - Fidelity Investments has laid off several people from its Covington campus.

https://local12.com/news/local/fidelity-investments-layoffs-hit-covington-campus-employment-unemployment-jobs

"Fidelity Investments has laid off several people from its Covington campus."

https://local12.com/news/local/fidelity-investments-layoffs-hit-covington-campus-employment-unemployment-jobs

Through the years I’ve amassed lots of AT&T stock. My frustration level with our so called leaders has never been higher. I’m ready to dump it all and invest in much better companies that will easily return more than the T dividend could ever deliver. Has anyone else decided the same? TY

As we spent the last decade offshoring and laying off our vteam family, I was energized and excited to learn how AI unlocked is how we scale our most important investment - our people! This is such impactful work. Because when the Vteam thrives, Verizon thrives - together!

There is no question AI is changing how we work, but emotional intelligence will always shape the why. The future belongs to organizations that value both. AI is the how. EI is the why. And nobody cares about people like Verizon. I am very grateful to be part of this best in class culture OS! Let’s go team!

Perella Weinberg Partners is reducing its workforce. The firm is cutting 10% of its staff, including 12 partners. This follows a 91% drop in net income during the first quarter. Concurrently, PWP is acquiring Gleacher Shacklock, a British bank. This acquisition will add up to eight senior bankers in London.

London, United Kingdom

https://www.efinancialcareers.com/news/pwp-cuts-tim-shacklock

Is it the usual or have they changed anything?

The Los Angeles Lakers and Portland Trail Blazers recently implemented layoffs. These workforce reductions impact both NBA franchises. The Portland Trail Blazers reportedly laid off 70 employees. This decision is linked to ownership's cost-cutting measures. The changes will affect the teams' future operations.

Portland, Oregon

https://sports.yahoo.com/videos/ramifications-lakers-front-office-layoffs-181247244.html

El Paso Independent School District (EPISD) plans significant workforce reductions. Its Board of Trustees will vote on declaring financial exigency. The plan proposes cutting 410 positions, including teachers and staff. EPISD faces a $52.8 million budget shortfall this fiscal year. These measures address the district's severe financial difficulties.

El Paso, Texas

https://kfoxtv.com/news/local/episd-to-consider-financial-exigency-declaration-more-than-400-job-cuts-at-tuesday-school

The Redlands Unified School Board approved layoffs for 24 certificated employees. This decision occurred during a special meeting on May 27. The layoffs include counselors, teachers, and student support staff. This brings the total confirmed district layoffs this month to 43 positions. These reductions address ongoing budget challenges for the district.

Redlands, California

https://www.communityforwardredlands.com/redlands-unified-board-finalizes-layoffs-for-24-certificated-employees/

Box CEO Aaron Levie highlights a growing disconnect in Silicon Valley regarding AI. He states many tech executives misunderstand AI's full scope and practical challenges. CEOs often see only the "happy path" of AI, ignoring the extensive work required for sustainable results. This limited view contributes to widespread tech industry layoffs. Companies like Meta and Wix have recently reduced their workforces, partly attributing cuts to AI efficiencies.

https://fortune.com/2026/05/29/box-ceo-aaron-levie-ai-psychosis-jobs-layoffs/

A new Insuranceopedia analysis details the rising financial impact of tech layoffs. In 2026, losing a tech job costs workers an estimated $14,400 per month. This figure includes approximately $13,750 in salary and $625 for private health insurance. The monthly financial blow is 36% higher than in 2021 and 56% higher than a decade ago. Tech companies have already cut nearly 115,000 jobs this year, accelerating the industry's layoff crisis.

https://americanbazaaronline.com/2026/05/28/losing-a-tech-job-in-2026-now-costs-workers-nearly-14400-month-481700/

stock soars to 400 in after hours market. None of us are getting raises, promotions, stock purchase plan or RSU's and are constantly being threatened by layoffs. JC and MD are getting rich and we're suffering, yet we do all the work. How long are we going to look like the fools that we are. We get a beating and then say thank you...may I have another. Apparently, people are no longer quiet quitting...or if they are....it is not working. The company itself seems to be getting stronger...like it feeds off of negativity.

A superyacht linked to Meta CEO Mark Zuckerberg arrived in Seattle. The vessel, named "Launchpad," drew crowds in South Lake Union. Its arrival followed Meta's announcement of 1,400 layoffs in Washington state. Some observers criticized the yacht's presence during this period. Others viewed the large vessel as a tourist attraction.

Seattle, Washington

https://www.king5.com/article/news/local/zuckerberg-superyacht-draws-crowds-seattle-meta-layoffs/281-efc3e24b-894e-436d-a303-f821313508df

Layoffs at Asante began this week. Employees reported cuts in IT, security, and nutrition departments. Asante CEO Tom Gessel previously warned of a projected $50 million deficit. He anticipated 300 or more job losses in fiscal year 2026. Asante officials declined to comment on the reported layoffs.

Medford, Oregon

https://rv-times.com/2026/05/27/asante-declines-comment-on-reported-first-wave-of-budget-cutting-layoffs/

Fintech unicorn Rapyd is undergoing a major restructuring. It is laying off employees as part of this process. CEO Arik Shtilman announced a shift to an AI-driven business model. This change aims to make the company faster and more efficient. Dozens, potentially over a hundred, workers are affected by the cuts.

https://www.calcalistech.com/ctechnews/article/h1r00jfrgzl

The Fayette County Public Schools board approved a tentative budget and a $95 million loan. This decision followed the firing of 120 FCPS employees. Many community members attended the meeting to voice frustrations. The district needs the loan to meet payroll by July. Financial misstatements dating back to 2008 contributed to the current budget deficit.

Fayette County

https://www.wuky.org/wuky-news/2026-05-28/divisions-deepen-as-community-members-balk-at-fayette-school-layoffs-while-the-board-oks-loan-and-working-budget

NetApp announced permanent job cuts impacting 77 employees. These layoffs are centered around its San Jose, California location. The company stated a strategic realignment is driving these changes. This shift focuses on evolving customer needs and long-term growth. Affected staff received notice in May 2026, with terminations set for July 2026.

San Jose, California

https://www.crn.com/news/storage/2026/netapp-layoffs-will-impact-77-in-california-amid-strategic-realignment