#layoffs

Today Us Bank Home Mortgage gave 216 employees on the call a 45 days left notice!! It’s beginning

What’s the scoop?

So good news I hear pretty good things coming but sounds like a big package to get associates off payroll which means unfortunately a lot more managers are gonna get the rif soon

interested to see reactions from some of these points, Dell is doing great these last few days in terms of stock, but is it short lived? I keep thinking about SMCi and they just seem to have the right blueprint.

consider my thought process:

​SMCI is strategically absorbing short-term gross margin compression (6.4%) to aggressively secure physical data center footprints. Once the bare-metal hardware is deployed, this establishes a captive base to upsell high-margin, proprietary Data Center Building Block Solutions and cooling maintenance. SMCi is leading Dell in this technology.

​AI-Driven Service Transformation: The traditional, human-intensive IT service model is being commoditized. AI automation is reducing the need for massive, global break-fix support teams, neutralizing the historical scale advantage of legacy hardware providers. Dell has not shown an interest to unleash their sw devs with Ai. they buy vs invent, well, overnight the world can invent more quickly and Dell isn't investing right

​Expansion into AI-RAN and Edge Telecom: By writing lean, specialized software stacks for distributed environments, SMCI is capturing the emerging Artificial Intelligence Radio Access Network, and Sovereign AI edge markets before slower legacy systems like Dell can adapt. this is far bigger than most know.

​Zero-Touch, Self-Healing Infrastructure: Integrating agentic AI into Baseboard Management Controllers and orchestration software enables autonomous power routing, predictive failure analysis, and real-time cooling adjustments, drastically cutting the operational overhead of rack maintenance. think, more self healing, less armies of physical technical support staff needed

​Direct Liquid Cooling & Next-Gen Silicon: The thermal physics of upcoming architectures—specifically the NVIDIA Vera Rubin NVL72 and HGX Rubin NVL8—mandate advanced liquid cooling. SMCI's in-house DLC engineering and rapid time-to-market provide a structural lead in deploying these dense, 100kW+ AI racks.

​Financial Disconnect & Valuation Asymmetry: Despite exceptional top-line revenue growth (recent quarters posting >120% YoY growth to over $12.6B), SMCI trades at highly compressed multiples (trailing P/E ~24x, P/S ~0.4x). The stock is structurally mispriced relative to its market share expansion in AI hardware volume. dell is now in hold territory, smci might be a huge opportunity.

​Legacy Over-Reliance on Bloated Ecosystems: Incumbent behemoths are institutionally bound to massive enterprise sales forces and heavy management software suites. These legacy structures create internal friction and require high-margin subsidization, making them vulnerable to agile, pure-play engineering firms. Dell is competing against the true lean mavericks (see what I did there). many sales folks on this, you're the champions keeping Dell going, kudos, but... change happens

​Rapid Obsolescence of Traditional Software: The democratization of code via AI is collapsing the moat of legacy IT management software, this is the real place Dell is able to macgyver the numbers. Historically a competitive advantage for Dell, but now Leaner competitors utilizing AI-assisted development can now quickly replicate and streamline orchestration layers, bypassing the traditional software lock-in of these legacy giants.

interesting time to watch... I'm long on both, but I feel smci is better suited for the long haul, I'll be getting out from Dell, selling, later this year, but not just yet.

oh and I think more layoffs are coming, so it's not too off topic

Does anyone know the cost for Cobra insurance for myself just in case a lay-off comes,then I know what to expect.

A significant layoff is expected soon on the retail side. I’ve heard from a source that leadership plans to convert up to 90% of corporate locations to indirect locations by the end of the summer.

Additional layoffs are expected in June for the retail workforce, and more stores are being converted to indirect locations.

No hikes in near future. AI assisted coding but results in work extension. Where is motivation, everyone has limit. But I feel they will put on track with structured layoffs.
Don't know when, hearing ratings gathered, restructuring in progress. Anytime soon in couple of months

Plan is coming down the line. Regardless of contract extension or not. À la ups style

$5000 per year of service to leave the company. No restrictions . 5 years or 50 years. Major downsizing is wanted by the company. No ipp offer. Across the board. They will back fill and train if needed for some job titles.

Six Wisconsin companies filed layoff notices in February. These notices affected a total of 418 workers across the state. Cargill Meat Solutions announced the largest reduction, eliminating 221 jobs. The company will close its Milwaukee meat processing plant by May. Other firms like Ahlstrom Mosinee and TJ Hale also reported significant job cuts.

https://www.jsonline.com/story/money/business/2026/03/02/cargill-fanduel-other-wisconsin-firms-filed-february-layoff-notices/88876843007/

It seems the rolling layoffs have no end in sight, who else thinks they’ll reference AI as a reason for downsizing this year?

Verizon laid off 1,319 employees in New Jersey. These layoffs took effect on February 20, 2026. They are part of 13,000 worldwide cuts announced in November. Several other large companies also announced New Jersey job reductions. Merck, Bristol Myers Squibb, and Target are among those affected.

https://wpst.com/ixp/385/p/new-jersey-job-cuts/

First Brands Group announced a plant closure. This closure will result in approximately 275 layoffs. The facility is located in Greenville. A bankruptcy filing caused the plant closure. Alleged fraud and money laundering led to the bankruptcy.

https://www.bizjournals.com/dayton/news/2026/03/02/greenville-fram-facility-closure-275-layoffs-warn.html

Hundreds of layoffs are coming to Walgreens. The Deerfield-based company called this a difficult decision. The company aims to simplify its organization and improve service. Reports indicate 469 jobs will be eliminated in Illinois. Another 159 positions will be cut in Texas.

https://www.nbcchicago.com/news/local/deerfield-based-walgreens-to-layoff-hundreds-in-difficult-decision-report/3902007/

The Soquel Union Elementary School District board will consider a layoff proposal. This plan involves eliminating nearly 17 full-time equivalent positions. The decision follows an impasse in contract negotiations with the teachers union. District officials cite declining enrollment and a yearslong budget deficit. The union seeks a 3% wage increase and increased health benefits.

https://lookouexample.com/soquel-union-elementary-board-to-consider-layoffs-as-teachers-district-reach-impasse/story

There are senior leadership firings that are not making sense. Talented people that go above and beyond with a lot of seniority or experience. They must be getting fired bc they just earn more. This is another huge blow to morale, why would I want to move up in a company like that?

Executive level leadership is woefully unqualified and terrible messaging.

Does anyone have numbers of how many we let go? and what groups

Record high profits
Lousy stip-
Disgruntled employees percentage soaring

Solution???
Offer vwo-
Watch mass exit

Can someone clarify whether or not we are getting stock grants? I want to know whether to start applying elsewhere or not

I don’t know how Macy’s “reclassifying” some people’s positions affects store employees, but everyone who was hired as a “flex position” for corporate side of things has to return to office 4 days a week. They’re doing construction of the office floors at Herald Square in NYC, but what are they changing exactly? They’re adding assigned desks and taking away conference rooms. Have a meeting you need to attend and there’s no meeting rooms available? Their advice was to just go walk through the store and take your meeting.
They’re offering 0 incentive for employees that can completely do their jobs remotely to return to the office 8 hours a day 4 days a week. They want us to “cowork in a creative environment” while being surrounded by beige walls, desks/cubes with no privacy, fighting over meeting rooms just so they can justify having all of that space and its cost.
Snacks? Better coffee? Maybe some other colors than red and beige and white and black? Nope! But come into the office because we are watching you!
They also do not consider the amount of employees they have working there that do not live within NYC. Have wages raised? No, but the cost of transportation sure has from the Long Island railroad to NJ transit to the MTA subway and bus fares.
I don’t know that this company is gonna last much longer. They really only have the 100th year of the parade this year going for them.

Hope its just a small one

I’m hoping our team is next. Seriously our team serves no purpose to be fair. It could be done by other departments or really just an automation in the system. It’s not survival it’s just the truth. Not sure why they even made this team as it doesn’t even make sense. Literally here collecting until the end because it pays something while looking elsewhere.

AES has been acquired by BlackRock and will become a private company as part of the consortium. As a result, corporate policies and governance frameworks are expected to be reviewed and revised to align with the new ownership structure.

The existing severance or “poison pill” arrangements will apply only to Senior Leadership Team (SLT) members. Regular employees affected by the acquisition may not have the same level of defined protection, and further clarity will be needed regarding transition support.

The service organization is expected to undergo restructuring and may potentially be dismantled in order to drive efficiencies and leverage the holding company’s existing processes and infrastructure.

Operational independence will be established, with each entity managed individually under the new structure.

As a private company, AES will no longer be subject to public company reporting requirements. Financial management and oversight will operate under a different governance model, with reduced regulatory burden and streamlined processes compared to public market standards.

Why is no one talking about how stock together was removed without notice or a heads up. Make sure your paying attention to your 3% raises, ST is gone.

Mike you can blame Frank all you want but $62 is on you buddy! You were a rookie who was unprepared and you destroyed $100B in Market Cap! Congratulations on holding the that record, surely puts you in the top 5 of worst CEOs ever! By the way why is Chris Foskett still here riding around on the jet! The guy does nothing. What big account has he brought on in three years. As Revenue head he has lost a ton of business in last two years.

Did you know that United is licensing AI software from Amazon? This software allows call center representatives in other countries to speak, and it alters the tonality and accent of the voice. This is to prevent American citizens from knowing they are speaking with a representative overseas.

The AI takeover to move jobs overseas is already happening. You just don’t know it yet.

I’d like to know the logic upper mgmt and the executive committee has about letting go of good tenured staff for bullsh-t reasons such as wfh status they caused while thinking the company will benefit greatly from staff and mgrs who cant do sh-t and dont know sh-t? The level of stupidity up top is embarrassing. The company has gone down jill drastically since Robin stepped in. No way people outside this company dont know this

Biggest ever

Tamalpais Union High School District trustees approved $2.2 million in staff cuts. This decision was made due to declining enrollment and a budget deficit. Preliminary warning notices were sent to over 11 certificated and 13 classified employees. The district must align staffing with enrollment to maintain financial reserves. Final layoff decisions are scheduled for May 14.

https://www.marinij.com/2026/02/28/tam-union-school-district-approves-2-2m-in-preliminary-layoffs/amp/

Paramount is acquiring Warner Bros. Discovery in a major deal. The acquisition is valued at $111 billion. This merger is expected to result in thousands of layoffs. Paramount identified $6 billion in cost synergies. The deal is projected to close in fall 2026.

https://www.avclub.com/warner-bros-paramount-deal-layoffs-110-billion

Q1 is bad, really bad. GCC plans messed up bigly. Hope the customers have alternative currency to go to.

Time for a cool sharp , remember that advert?

L3H software personnel are going to have a RIF and be replaced by AI by the end of 2026.
Take the warning and do something to secure yourself and your financial future, be that move to a better company, vote the union in, or whatever other steps you can take and do this immediately.
https://youtu.be/oU11PttL90I

The San Marcos Unified School District board considered staff reductions. The district faces a $10 to $11 million budget deficit next year. A proposal to reduce elementary school librarians' hours was blocked. However, layoff notices were approved for about 17 teachers, social workers, and counselors. District leaders anticipate further cuts in the coming years due to declining enrollment and rising costs.

https://www.kpbs.org/news/education/2026/02/27/san-marcos-school-board-considers-layoffs-amid-falling-enrollment-higher-costs

https://www.advisorhub.com/layoffs-hit-citi-jpmorgan-wells-fargo-and-lpl/

If you’re in tech all is not lost, gloom and doom and all that jazz. There are other companies out there outside of finance and banking that also use AD, exchange, sharepoint, SQL, firewalls, linux, unix, routers, switches, vm’s etc….

Citi is not the only company on the planet that ever uses these things.
Finance is not the only sector on the planet that ever uses these things.

Expand your job search as this ship is sinking. It’s always mystified me that people will job search with only the big banks and call it a day, “there’s nothing out there and I know that as I searched the big 3 banks and didn’t find anything. No use to look any further elsewhere. I guess I’m just stuck at Citi.”

Angi confirmed it is eliminating around 350 positions as part of a plan to cut operating expenses and optimize its structure. Officials said advancements in AI have helped enable the workforce reduction.

https://www.businessinsider.com/angi-layoffs-angies-list-cuts-350-jobs-ai-efficiency-gains-2026-1

The historic Stockyards Hotel and H3 Ranch in Fort Worth are closing temporarily. This action will result in 120 employee layoffs. The closures are due to extensive renovations planned for both businesses. Layoffs are expected to begin on April 6. The hotel and restaurant are part of a $30 million redevelopment project.

https://dallasexpress.com/tarrant/120-jobs-affected-stockyards-hotel-and-h3-ranch-to-close-temporarily/

Source: https//www.sdxcentral.com

Verizon CEO Dan Schulman - Verizon
…And if you can’t “imagine,” Verizon CFO Tony Skiadas provided more clarity.

“Noncore areas that are not aligned to growth, including legacy areas, are being significantly reduced and/or eliminated, and that includes areas such as business wireline, nondirectional products, technology as well, wholesale, legacy copper, and voice platforms, and even projects with too long of a payback,” Skiadas explained.

Verizon’s management noted that it will instead invest in its mobile and broadband offerings.

Job cuts continue
Verizon is also continuing to work through its extensive job cuts, which will quickly see the carrier slash 13,000 total jobs in short order.

Skiadas noted that Verizon slashed just over 10,000 jobs by the end of 2025, which pushed the carrier’s total employee base down to just under 90,000 total employees. Verizon plans to finish the latest culling by the end of March.

Those cuts were made official in November, with Verizon noting in a Securities and Exchange Commission (SEC) filing that it would take a severance charge of up to $1.8 billion during the current fourth quarter tied to the cuts. Verizon’s filing also noted that the carrier “expects that its cost reduction efforts will include a significant reduction in outsourced, contracted, and other outside labor expense.”

The job cuts were initiated by Schulman shortly after he assumed leadership last October.