#layoffs

Just saying

The most toxic workshop culture I've ever seen with ill-fit incompetent management. More, More, More. Angry employees taking it out on one another. Do you think the execs know how it is down here? Horrible attrition, and still layoffs every 2 weeks. I used to be an over achiever, doesn't matter here, you'll only pick up the slack of the duds, bare minimum it is.

Action speak louder than words. Bye-bye.

WellCare will layoff over 100 employees sometime before March 31, 2026. No formal communication has been given to impacted employees. Only stated that you will know sometime this month when your last day is and possible severance if eligible.

I see categories for 0-10. Seems to me, if only 1 or 2 people in a site were laid off, they'd fit in that 0-10 category and be listed? Wondering how or when WF files, or what the rules are. I was let go on 9/30/25 but don't see anything on WARN for my location.

Link: https://www.warntracker.com/?company=wells-fargo

KYC layoffs within Miami, Fort Lauderdale, and Tampa locations today. Offshoring the work to Costa Rica while there they struggle to work through the cases leading to greater customer impact. All in the name of cutting costs, right?

Whole department is being laid off 35 people San Antonio KYC Small business

I’m hearing Q1 is not good

My area is getting rid of our contractors, and not backfilling even after a large VSP leave. Checking to see if other areas are experiencing the same in the very near future. Is CF trying to get the rest of us that’s left to just quit? Entire company has fallen apart more in the past few months, just when I thought it couldn’t get worse but yet HR pretends we’re stronger than ever? Have they read comments from our members or providers or even employees? Leadership definitely doesn’t know how to read the room.

It’s been a year since DEI stopped (not taking about race, I’m talking about people who are unqualified and will not put in extra effort to be good at their jobs). Fidelity put us in this position because they promoted the least qualified people for management, rather than laying them off.

Layoffs SHOULD happen, but it needs to focus mostly on lower and middle management. That would literally solve the culture problem, the stress problem, and the culture of fear and stress. Instead of making a few bad apples sad, Fidelity has destroyed itself from the inside out.

You can't open LinkedIn without being hit with so, so many of those. The thought of entering the job market in current conditions is terrifying, to say the least.

Supernal, Hyundai's eVTOL subsidiary, announced significant layoffs. The company cut 296 jobs on February 27. This decision highlights ongoing challenges in the advanced air mobility sector. Supernal is not yet ready to bring its product to market. A small team of 70 to 80 employees remains to maintain essential operations.

https://www.el-balad.com/6866550

Meteor Creative will close its manufacturing facility. This plant is located in Tipp City. The closure will result in 66 employee layoffs. The facility has operated for nearly five decades. This ends its long presence in the community.

https://www.bizjournals.com/dayton/news/2026/03/03/meteor-creative-layoffs-tipp-city-facility-closure.html

They have always told us “our people are our most important asset”. What does it say when you sell your most important asset. You are in a race to the bottom. I hope they win. Get out while you can. My sympathies for all those who have been affected by this very poor business decision.

Electronic Arts is cutting staff at its Vancouver-based Full Circle studio. These layoffs occur during a period of broad corporate change for the company. Management is reiterating support for ongoing projects like Skate. This restructuring aims to tighten execution around key franchises. The company is also managing a complex $55 billion acquisition process.

Vancouver, British Columbia, Canada

https://simplywall.st/stocks/us/media/nasdaq-ea/electronic-arts/news/electronic-arts-layoffs-test-confidence-in-skate-and-us55b-b

Just like so many other sites, they were given a feel good speech and feel all safe and sound. It’s all nice weather before the storm hits. The layoffs are a roving spot light. Sometimes it quickly passes over, sometimes it stops and stays for a while focusing on one area only. Right now the Belfast office feels safe but so does the docks before the ocean swells. Oh, there’s plans for Belfast alright, they’ve just not manifested yet.

Despite the online gushing about a Verizon turnaround since CEO Dan Schulman took over, the completion of its break up by delayering, which started more than 10 years ago, seems a far more likely outcome for what was once the top wireless provider in the US.

Verizon has been delayering for a decade
Delayering is when a telco splits itself into separate ServCo, NetCo, and InfraCo layers and sells off its assets to address its debts. (For a deeper understanding, check out this TM Forum research report on it). Verizon has been at this awhile.

Sold its towers

Verizon began delayering in about 2015 when it sold most of its cell towers to American Tower and the rest to Vertical Bridge just last year. Now largely a ServCo-Netco, Verizon leases towers from American Tower, Vertical Bridge, Crown Castle, and SBA Communications. The company still owns its base stations and other network gear, which move toward obsolescence every day.

Sold its data centers

Verizon left the data center business in 2017 through a deal with Equinix and now partners with hyperscalers like AWS and Microsoft for data center capacity. So, Verizon does not own much of the physical plant where it runs its IT and network systems.

Verizon’s IT landscape remains on its books, but much or most of that is outsourced and licensed, some is obsolete, and all of it is aging fast. As the pace of change increases across IT markets worldwide, especially with the AI invasion, its legacy BSS and OSS systems become costlier and less relevant to future value.

Spinning off its stores

Most recently, Verizon announced it would convert its company-owned stores to franchised Authorized Retailers. Most likely these physical assets will go to big partners like Victra and Wireless Zone, which already operate thousands of Verizon stores. This also relates to the company’s announced layoffs of thousand of customer-facing employees to shed expense.

Fiber miles next?

Verizon still owns significant installed fiber optic assets. Just as AT&T and T‑Mobile US lease most of their fiber, we should probably expect to see Verizon sell off this physical plant to raise more cash.

Becoming customer-focused? Not really
Schulman’s turnaround spiel insists the company “must shift to a customer-first focus.” This is a tacit admission that Verizon isn’t customer-focused now.

Lip service ripped from T‑Mobile

Spinning out thousands of stores to partners who charge added service fees doesn’t sound like a customer-centric move. The messaging sounds disingenuous and is cut-and-pasted from T‑Mobile’s playbook. T‑Mobile’s “customer obsession” has helped it take the lead in US wireless and it took a few years to kick in.

Cut rate holiday offers

Verizon launched a “bring your bill” holiday campaign to undercut AT&T and T‑Mobile pricing. This isn’t customer-centric, it’s prospect-centric. And it’s a race to the bottom price gimmick Sprint failed with before being acquired by T‑Mobile US.

This desperation rate cut coupled with the 13,000 non-union layoffs looks more like a short-term ploy to bump Verizon’s stock by doing two things Wall Street likes: cutting costs and adding subscribers.

These moves might benefit Schulman’s cadre of executives and remaining shareholding employees. Keep an eye on insider sales the minute the stock price moves north, if it does.

Cannibalizing its own MVNOs
Part of Schulman’s justification for price cutting is to fend off its aggressive competitors and turn the tide on customer churn. Wireless offerings from cable MSOs are major drivers of the churn he wants to stop. Two of the biggest players in cable MVNOs are Comcast and Charter, which use Verizon’s network. Verizon might win some customers away from AT&T and T‑Mobile with its holiday sale, but they will also undercut these wholesale customers.

Back in May, Verizon Consumer CEO Sowmyanarayan Sampath was telling the street that cable MSOs are “a very important strategic partner of ours” adding that because they only focus on certain segments and play in markets where Verizon “may not have a presence… it’s actually a gain for us.”

Here’s your mixed metaphor of the day: Verizon is a snake eating its tail while rearranging deck chairs on a sinking ship. This is BS on top of BS from Verizon leadership.

A mountain of debt to conquer
One thing Verizon does own is a $147 billion mountain of debt. This stands against less than $8 billion in cash on hand. Some of this debt is a leftover from the company’s debt financed, $130 billion purchase of Vodafone’s stake in Verizon Wireless back in 2014. Selling off assets to American Tower for $5 billion hardly made a dent. Some debt also ties back to its C‑band spectrum auction “win” in 2021, which cost the company more than $45 billion. Spectrum remains Verizon’s prized asset, but it’s not enough to overcome its debts.

This makes Verizon dependent on its rich cash flows. The company reported about $135 billion in operating revenue for 2024, with about $37 billion in cash flow and $19.8 billion in free cash flow. Verizon’s annual interest expense alone is around $7 billion. This doesn’t set a great stage for a turnaround and is a big part of the reason for the company’s mass layoffs just before the US Thanksgiving holiday. Classy move.

There’s not much left for Verizon to sell out of its cupboard and only so many heads it can cut to deal with its ugly debt problem.

If you’re a Verizon IT vendor, get ready to feel the squeeze. You can bet a round of contract cancellations are on the way. It would not be the first-time new management in a US telco booted out as many IT players as it could to cut costs.

Private bankers happy, public shareholders not
What’s left of Verizon will be a low-cost wireless brand that offers less value to consumers than its own MVNOs.

This reduced company isn’t suddenly going to care better for its customers. It won’t cater to businesses better as it trims back the IT and employees it needs to do so. And it doesn’t offer a better network than its rivals.

Schulman may have a great track record making investors happy, but which investors is he trying to make happy now? I don’t think it’s the public market.

Private banking interests will benefit most from the finalization of Verizon’s break up. Public shareholders will be left with the brand, debts, spectrum — if that isn’t also sold off — IT expense, and probably a reduced dividend in the not-too-distant future.

Verizon turn-around? It seems doubtful that’s even the plan. The completion of its de-layering and devouring by private money interests looks like a far more likely outcome. Then it’s a question of who buys whatever is left.

Arizona employers announced job reductions for February 2026. At least 80 positions were affected statewide. Most of these cuts occurred in Phoenix retail. Saks & Company submitted the largest filing. This luxury retailer cut 67 jobs at its Camelback Road store.

Phoenix, Arizona

https://www.azcentral.com/story/money/business/jobs/2026/03/03/february-2026-job-layoffs-arizona/88866761007/

Is anyone aware of global hiring freeze?

A Foods Co. grocery store in south Sacramento will close. This permanent closure will lay off 58 employees. The store on Gerber Road is set to close March 14. The company cited business and economic reasons for this action. Another Foods Co. location in Fresno will also close on the same day.

https://www.sacbee.com/news/local/article314909051.html

MicroVision will cut jobs. Forty-nine positions are affected. The company makes lidar systems for cars. It is located in Redmond. Layoffs will start by the end of April.

https://www.bizjournals.com/seattle/news/2026/03/03/microvision-lidar-redmond-layoffs-warn-cars.html

UC Berkeley plans to terminate its Fall Program for First Semester (FPF). This program has supported thousands of freshmen over 43 years. The closure threatens layoffs for 29 FPF lecturers. A campus work group recommended termination due to misalignment with objectives and low student opt-ins. The lecturers' union is now bargaining to preserve their positions and benefits.

https://www.dailycal.org/news/campus/uc-berkeley-to-terminate-fall-program-for-freshmen-threatening-mass-lecturer-layoffs/article_c30602de-6e13-49f2-8c32-d726144f8308.html

Home Depot recently announced significant changes for its corporate workforce. The company eliminated 800 positions, primarily affecting remote employees. Despite these layoffs, Home Depot plans to create 250 new jobs in Cobb County. Corporate workers are now required to return to the office weekly, supported by a child care center expansion and new parking. Company officials assert that Home Depot remains financially sound and is growing.

https://www.mdjonline.com/news/local/home-depot-employees-return-to-office-at-cobb-headquarters-after-layoffs/article_b6317a58-5623-4f02-94b3-834caa4d404b.html

https://finance.yahoo.com/news/reddit-still-furious-t-47-125619599.html

Saddle Creek Logistics Services announced layoffs. The company will lay off 151 employees. This affects its Bessemer location. Layoffs are scheduled to begin on April 30. This information comes from the Alabama Department of Labor.

Bessemer, Alabama

https://www.wvtm13.com/article/saddle-creek-logistics-announces-layoffs-at-bessemer-location/70598664

Rochester Regional Health cut 40 positions. These layoffs affect three St. Lawrence County hospitals. 22 union members from 1199 SEIU are impacted. Five CSEA union workers at Massena Hospital are also affected. The health group is subcontracting billing and coding work.

Potsdam, New York

https://www.wwnytv.com/2026/03/03/layoffs-st-lawrence-co-hospitals/

Alameda Health System deferred major layoffs planned for March 9. County officials voted to delay the cuts and form a working group. The system planned to lay off nearly 250 employees due to federal funding cuts. These cuts include historic reductions to Medicaid payments. The working group will address the system's fiscal imbalance.

https://www.sfchronicle.com/health/article/alameda-health-system-layoffs-delayed-21953564.php

The district plans to cut over 200 jobs. Preliminary layoff notices will soon go out. Exactly 221 positions are slated for elimination. The proposed cuts could save $19 million. The board approved moving forward with these initial reductions.

https://fox5sandiego.com/news/local-news/sdusd-layoff-preliminary-notices/

KSAT-12 implemented layoffs affecting about 20 employees. The station confirmed these were staffing adjustments. A producer said no one expected the job cuts. Affected employees received severance pay. The company cited a changing media climate and restructuring.

https://www.expressnews.com/lifestyle/article/ksat-layoffs-21953161.php

You fought hard. I am proud of you.

Next Armageddon Layoffs:

Apr 6

It only seems fair.

Cross posting from the FIS Layoffs page here only makes sense. Buehler? Buehler?

We can do tech layoffs, that’s fine. Tech is too bloated.
Unfortunately that’s not going to fix Nike.
We need some hot product and strong marketing. Until that happens, nothing even begins to get better.
Ugly shoes with ba--s on the bottom or Jordan’s with 3 soles are not going to cut the mustard.

And I still out-perform my ‘coworkers’. And we’re surprised about layoffs?

Anyone else from Managed Services get axed?

My heart goes out to everyone affected. Especially those who really needed and wanted to keep their jobs.

Which means I don't care about layoffs, reorgs, or anything else here. Paycheck until I'm gone, that's the extent of my commitment. Leadership clearly isn't invested in turning this around. So I expect nothing, and I care even less.

Does anyone have any genuine insights into whether or not the second round of layoffs will still be happening soon? Or could they be on hold for now until the WB merger is finalised? Doesn’t look like convergence will be ready as planned either.

Did they bounce back?

What has everyone heard about Underwriting layoffs? I am currently in UW, specifically in business lines and we are just being told it is not affecting us at this moment except for the UW service assistants and Auto mod UW but it seems like everyone else is saying it will be all of UW that will be laid off eventually.