#layoffs

These days, it's fashionable not even to attempt retaining talent. Cost-cutting is the go-to strategy for propping up the share price and securing leadership bonuses. In the long term, they're cutting the branch they're sitting on. I'm not sure any of this is sustainable. The two groups most targeted in layoffs have been veterans, the well of knowledge and experience, and the younger talent that any company would ki-l for under normal circumstances. It's a recipe for disaster.

Anyone heard anything?

Your rights to voice your concern as a shareholder here.

Should we rename back Intel as number #1 chipmaker and no more layoff or still keep it as ShitTel for more layoffs to come?

1. Yes
2. No
3. Undecided
4. Don't care
5. Maybe

Stop believing that working harder will keep you safe. The employee who shows up, does the minimum, and spends the rest of the day working the room has better job security than the top performer on the team. When layoffs come, they look at your salary first and your results second. The company does not care how good you are. It cares how much you cost.

Just a reminder to use your floating holiday and consider using some PTO if you have a large balance saved up. Most states only pay out up to 40 hours of unused PTO. If you receive a RIF notice on 5/28, you could lose most of your remaining PTO balance.

https://www.salesforceben.com/the-midlife-crisis-of-the-salesforce-professional/

Layoffs even in AF, smaller territories, higher targets, no raises, greater levels of micromanagement, offshoring....leading many to question is the hard pivot to AI really worth it it just leave the ecosystem? Or even leave the entire tech industry as misery increases for everyone.

The soft layoffs in innovative medicine continue, and many of us are starting to question the criteria behind who is being let go. Employees who consistently come into the office three days a week, contribute meaningfully, and do their jobs well are being impacted, while others who rarely show up and contribute little seem to remain untouched.

It’s difficult not to notice how political the environment appears to have become. At times, it feels as though if someone in leadership doesn’t personally favor you, your position may already be at risk. That perception alone is concerning. It keeps repeating and everyone sees it.

I simply wish professionalism, maturity, and fairness carried more weight in these decisions. People should not feel that their livelihood is tied to office politics, personal insecurities, or whether they are personally liked by leadership.

Let’s be honest — some of these leaders are simply not qualified for the roles they hold. Titles and positions do not automatically make someone an effective leader. True leadership requires competence, accountability, emotional intelligence, fairness, and the ability to develop and support strong teams. Unfortunately, many employees are witnessing the opposite.

Too often, decisions appear to be driven by favoritism, office politics, personal comfort, or insecurity rather than actual performance and contribution. Strong employees who bring value, experience, and consistency are being pushed out, while individuals with the right relationships or visibility continue to advance despite limited impact. That creates frustration, distrust, and a toxic work culture.

What’s even more concerning is that many organizations claim to value innovation, collaboration, and talent retention, yet they continue to lose some of their most capable people because leadership lacks the maturity or confidence to manage high-performing individuals effectively. Great leaders build strong teams around them. Insecure leaders often view strong talent as competition.

At some point, innovative medicine has to ask themselves why morale is declining, why turnover is increasing, and why employees no longer trust leadership. The issue is not always the workforce. Sometimes the issue is the people making the decisions

https://www.youtube.com/watch?v=7RAwBG5QH4k

Enjoy!

Get ready to be laid off. Nextera Energy goes through annual layoffs to improve efficiency which is why they are so efficient.

Source: Business Record
https://share.google/JKnMN6AC4VA3Fd0iE

Anyone at thousandeyes impacted by layoffs?

Won’t be long now. This has to be the beginning of the end.

https://www.gurufocus.com/news/8863065/dell-technologies-dell-receives-price-target-increase-from-jp-morgan

Welcome to the penny stock category. Well done C-level - we'll deserved mega compensation packages.

Hey Guys!

Anyone from Asset Management department in US affected by the layoffs? Really hope that the impact there is minimal or hopefully non existent.

PNC Financial Services announced nearly 1,000 job eliminations. These cuts are linked to its acquisition of FirstBank. Colorado credit unions criticized the layoffs. They launched a virtual job resource center for affected employees. The GoWest Credit Union Association coordinates this support effort.

Denver, Colorado

https://www.cutoday.info/Fresh-Today/Colorado-Credit-Unions-Launch-Hiring-Effort-After-PNC-Layoffs-Hit-FirstBank-Employees

Novartis is trimming its biomedical research arm. This follows recent staff consolidation moves. A company spokesperson confirmed individual impacts to a select number of employees. This strategic decision is difficult for those affected. Novartis employed 5,720 professionals in this department at the end of 2025.

https://www.fiercebiotech.com/biotech/novartis-cuts-select-number-roles-biomedical-research-arm

Penn Entertainment dismissed 75 employees from its interactive division. These layoffs affected multiple levels of theScore Bet brand. This action follows the company's Q1 financial results. Penn has undergone significant corporate restructuring recently. The company continues efforts to grow its interactive business.

https://next.io/news/people/sources-penn-laying-off-75-employees/

Starbucks announced another round of corporate layoffs. The company will cut 300 U.S. jobs. It also plans to shutter some regional support offices. These actions are part of its ongoing turnaround strategy. The moves will result in $400 million in restructuring charges.

Seattle, Washington

https://www.cnbc.com/2026/05/15/starbucks-to-lay-off-300-us-employees-close-some-regional-offices.html

No one here knows when a lay off is going to happen. There might be 4 people maximum that know prior to VPs getting a heads up day of

everyone should reflect on their personal contributions and what theyre bringing to the table Respected efficient top contributors aren’t on here getting scared or fear mongering - so reflect on where you fall and make the case for staying

To the trolls: unless you have founded proof - stop ruining people’s days. You’re literally
Making this worse for everyone.

51 switch positions in the NorthEast are being forced into the union. Supposedly those people will have to bid for their current positions. This eliminates the need for current VZB techs to have to go to the switch locations for work.
Rumors have it that current VZB techs can bid on those positions as well, thus having those VZW techs to end up RIFd

This is turning into a zero sum game of attrition. One leaves, one inherits, until they leave, and then the next inherits (meaning, they’ve inherited two in addition to their own). And then they leave…. Eventually the ones who will be leaving, are the very thing they inherited….the client. What a STUPID and expensive game, because eventually they’ll need to rehire, at elevated market pay rates in hopes they can get the clients back. It’s only a matter of time now before that next phase of client migration to other financial services firms accelerates.

It’s a fraud, Wellsfargo firing American at the same time hiring H1B. This is not legit.

File complaints: https://www.uscis.gov/report-fraud/uscis-tip-form

“The H-1B visa is a non-immigrant, employer-sponsored visa for foreign professionals in "specialty occupations" requiring at least a bachelor’s degree to address labor shortage”

How much does the company pay in severance when there's a separation in employment? Also, do we have to sign a non compete agreement?

What we can expect in july? Another big wave or all done?

What is going on that there are only executive positions open? Im on job reassignment and slated to be laid off on June 22nd if I cant find a job. I got burnt out taking calls.

How are the 55yo and under thinking they should stay until the end? You have lost out on merit increases, 401K matching and a future, are you staying just for vacation? Just curious as to how Xerox are retaining this group.
I realize some of the younger ones are just trying to build experience for a resume, and some nepatism is helping a few families. But the others?

TRend at Bnym, and it’s not subtle.
More and more employees are being “RIF’d” under the disguise of performance issues — even when their track record is spotless. Let’s call it what it is: ageism and salary targeting.Batman and Robin don’t want to admit they’re cutting older, higher‑paid workers, so they hide behind manipulated evaluations and vague buzzwords like “not agile enough,” “not aligned with culture,” or “needs more energy.” It’s a cost‑cutting strategy dressed up as performance management.
This isn’t about merit.
It’s about money, age, and who they think they can push out quietly.
I should have fought your bullsh-t but didn't. I hope others do and this POS company gets what they deserve.

Do not ask me where I got this from. This is the layoffs plan:

Leadership has determined a strategic shift to cut costs, invest in AI, reorganize priorities. Finance and HR has identified which teams, roles, or locations will be reduced, mostly around Engineering. Managers are evaluating employees based on performance, role relevance, and compensation, while HR and legal reviewing the plan for compliance with labor laws and discrimination risks (Yes, external consulting firm involved).
Once finalized, affected employees are notified (by this month) — often through meetings or emails — with system access revoked immediately. Intuit will make announcement via public messaging framed around terms like “restructuring” or “AI transformation” to shape the narrative.

A hiring freeze will remain in effect for the next six months, after which recruitment will resume with a focus on new strategic priorities — even as current employees continue to shoulder heavier workloads within leaner teams and under heightened expectations.​​​​​​​​​​​​​​​​

Hope this helps.

Watch the Q1 update.

Layoffs are around the corner. I am feeling so bad.

Intuit fires people due to Covid. Intuit fires people due to AI. Intuit fires people silently from time to time. Intuit only cares about $.

I had an American Airlines card from Barclays. Two days back, Barclays switched off my account saying i should deal with Citi now via landingatciti.com. Of course the website doesn't work. I would have been shocked if it did.
Then Citi sends an email about account having been migrated and payments should now be made to Citi blah blah blah. Click the link to set up the account...nothing. That website doesn't work either

Absolute d-mb@sses. Of course, I saw the incompetency from way too up close when employed at Citi. The ONLY thing that seems to work without a hitch at Citi is A) Board approving billions in share buybacks every year despite heavy layoffs and B) Jane getting salary bumps and bonuses every year. It will soon fo from 42M to 45 and then to 50.

Anything else is a total mess at Citi

There’s been a lot of speculation lately around the company’s direction — reduced benefits, PTO changes, restructuring, workforce reductions, and broader efforts to improve financial performance have naturally fueled conversations about potential strategic moves. Acquisition rumors around NetApp aren’t new and seem to resurface every few years, but the current environment has people paying closer attention than usual.

From my perspective, the bigger concern is long-term growth and leadership’s ability to scale the business meaningfully beyond its current trajectory. With another round of layoffs expected next week followed closely by earnings, it’s understandable why employees and investors are reading into the timing and looking for signals about what may come next.

Any RIFs yesterday?

I am seeing most of the desks are occupied these days. Good to see 80%+ occupancy on most of the floors in charlotte.
I have seen most people leaving the office after 4 hours but that's not coffee badging and used to be same pre-pandemic.

WPE team goal seems to be achieved and their positions are at risk of being eliminated ;)

Trading under $8.50/share. Its IPO price was $20/share less than a year ago.

Demon David Kenny riding a wave of su-ksess.

There are no layoffs today. Whatever news is going around is just a rumor.

Just remember reading it here on this site: VTP, per contract, will be happening soon. This includes up to two years pay and continued benefits. Sweet news! Glad I'm not management.

might as well say what we all know. each day is like watching a trainwreck even latest clueless strat team knows emrs poor planning and short staffed centers wont work. investors coming to collect in 2027 the worst for patients and staff is coming. referrals to a handful of places no lcsws and demotions for all the poor staff left holding the po-p bag. playbooks trainings and daily new workflows wont stop the terrible reputation centerH$ll now has. psa: riffing people then posting their jobs that week is trash.

Byron Allen recently discussed layoffs within his media division. He described these workforce reductions as "thoughtful" and "humane." Allen attributed the changes to shifts in the broader media business. He stated the economy improved, offering new jobs for those let go. Allen Media Group also sold several local TV stations last year.

https://thedesk.net/2026/05/byron-allen-comments-about-layoffs/