#layoffs

Total insensitivity for those that have been part of the many layoffs. Metrics are almost impossible to meet and performance reviews are calculated so unfairly. Not the company everyone used to know. Associates are crying, frustrated and disappointed in how the way they make their lives are being handled. SO SAD.

Which groups have gotten layoffs this week? And no internal announcement yet, what's the deal ? Now called Fewer Coworker February since Fast Start Feb clearly didn't work

I guess I thought we would hear something today. If it is decent, I also find that a bit odd given all the layoffs underway this year.

Once certian projects are finished they will lay off the rest of that department and let L T I take over. Congrulations on working yourself out of a job. HR will mostly be replaced by a computer. Get used to talking to a machine.

Middle management will be gutted.

They won't be needed since LTI has their own management in place. Projects will be downsized further and support groups dismantled and/or gone. Operations you aren't safe. They are looking at you. Anyone who is of retirement age will be next. If you have several complaints in your file you will also be gone. There won't be anyone left at cpchem except for a few in corporate.

• Major firms announcing AI linked job cuts include Nike, Amazon, Meta, Dow, HP, Allianz, Telstra, WiseTech, Pinterest, Autodesk, MercadoLibre, SEB, British American Tobacco, and Agora.

• Goldman Sachs warns that accelerating AI adoption could raise US unemployment, estimating AI caused 5,000 to 10,000 monthly net job losses in highly exposed industries last year and accounted for 7% of planned layoffs in January.

• Companies across sectors including technology, finance, manufacturing, telecoms, and consumer goods are restructuring to prioritize AI, automation, and digital transformation.

• Workforce reductions range from hundreds to several thousand roles, with some companies cutting up to one third of staff as they redirect investment toward AI systems, cloud platforms, and efficiency programs.

• The trend signals a broader shift in corporate strategy, as businesses reallocate capital toward AI driven productivity gains, raising concerns among investors and economists about structural labor market disruption.

https://www.reuters.com/business/world-at-work/companies-cutting-jobs-investments-shift-toward-ai-2026-02-25/

A New Hampshire bill proposes freezing executive pay at Coos County hospitals. This freeze would occur if hospitals lay off 10 or more workers in a department. State Senator David Rochefort introduced the bill, citing accountability for Medicaid funds. North County Healthcare, which operates the hospitals, opposes the legislation. They argue the bill removes local control and could negatively impact healthcare.

https://www.conwaydailysun.com/berlin_sun/news/local/coos-county-hospital-execs-would-see-pay-frozen-in-some-layoffs-if-bill-passes/article_1a6004a3-f73f-41f0-ab25-e2c3c0d5e483.html

I’m shocked how lethargic and resigned so many colleagues are to being laid off…once Verizon was a company to be proud of but right now? It’s a sad situation that employees feel so disconnected from the company

Estee Lauder is laying off 68 employees at its Blaine facility. These cuts affect the distribution and warehouse operation. The layoffs are permanent and will occur between April and June. Affected positions include warehouse and order processing associates. This action is part of a larger company restructuring plan.

https://www.startribune.com/estee-lauder-aveda-blaine-job-cuts/601588488

You get stuck in your role here with no real path forward. Management doesn't care what you contribute. Strong reviews and extra effort mean nothing when they decide you cost too much. The layoffs come for everyone eventually. Only come here if you have absolutely no other choice.

No number out, but cuts have been reported.

https://www.fiercebiotech.com/biotech/fierce-biotech-layoff-tracker-2026

I know it'll happen over three years, but getting rid of over 3k people is an overkill, in my opinion. This will affect the company in ways the leadership apparently is incapable of envisioning. I'm just wondering what'll happen when they realize that institutional knowledge is key in our work.

I expected store closings, but I have to admit I was hoping corporate would be spared. Still, with the state of Pap Johns right now, it shouldn't be surprising to anybody. I'm just worried that this might be the start of something much bigger. I guess we'll have to wait and see.

It's a wonder any of us can get any work done. It's unhealthy and ki-ls morale. If we had better leadership, they'd realize they're destroying the entire company like this.

St. Louis Mayor Cara Spencer warned about a proposed police budget. She stated it could severely impact city services. The mayor also indicated it might lead to layoffs in other departments. The St. Louis Board of Police Commissioners approved the budget estimate. Mayor Spencer cast the only dissenting vote during the meeting.

https://www.ksdk.com/article/news/local/business-journal/st-louis-mayor-warns-police-budget-could-decimate-city-services-force-layoffs/63-0ee3b4df-d6f6-433d-8096-d74701eadd0c

State Farm just announced it made $24 Billion dollars last year and is going to pay $5 Billion in dividends. Most in history! State Farm is a Mutual Company and should never ever ever never make that much money. They have the best actuaries and investment people and know exactly what they are doing. That means they have been robbing people blind. Remember that the next time they tell you to do more with less or we don't have any money in the budget for staffing. I can only imagine what kind of bonuses the Executives are going get. Just like the rest of Corporate America destroying this nation. Sc-m of the earth trash!

Treasury yields are declining amid signs that U.S. employers are retaining workers. Weekly jobless claims rose to 212,000. This figure was below economists' expectations of 215,000. The 10-year yield fell to 4.039%. The two-year yield also declined to 3.467%.

https://www.barrons.com/livecoverage/stock-market-news-today-022626/card/treasury-yields-decline-as-u-s-layoffs-remain-elusive-cQ7S9mWF9puLUqEWI92p?modCode=hp_LEDE_C_LC_1&gaa_at=eafs&gaa_n=AWEtsqfX_YIfuQa5Ca5WG66rFZPUG1GRxm3INy6W67CZxMQh_p4H5zygHiXo&gaa_ts=69a07f82&gaa_sig=6nxh6zbqGCOF--T1eFe4jomaRmICcFXe6MD1Gnl8i161uhSOt64UD1BPzRoxB9FxA5-KB3cb4POt5V7cTR-sEQ%3D%3D

Macy's announced plans to eliminate 79 jobs across New Jersey. These layoffs will affect employees in fragrance, fine jewelry, and cosmetic sales. Cosmetic beauty merchandisers and brand experts are also impacted by the cuts. This action is part of the company's ongoing restructuring and turnaround program. Macy's is offering severance and transition support to affected staff.

https://www.courierpostonline.com/story/money/business/2026/02/26/macys-layoffs-nj-fragrance-cosmetics-new-jersey-stores-cherry-hill-deptford-mays-landing-mall/88860828007/

Anyone get their goals? Why are there so many? This isn’t manageable. I don’t get what any of them have to do with me. Create 10% digital employees, reduce night shift by 75%. Um I don’t have staff, and I don’t work night shift. I’m assuming night shift is Pune and we only have 1 person. How is 75% reduction possible and why do I care? I’m already doing their work. You already took my staff and gave them to Pune. D-mbest firm ever! I guess they are gearing up for another 10% layoff!

Or are we enjoying a well-deserved break right now?

Legends Hospitality LLC filed a layoff notice for View Boston. View Boston's restaurants will close on April 21, 2026. This action affects at least 41 employees. The workforce reduction takes effect April 22, 2026. The company plans to expand event space and new offerings.

https://www.wcvb.com/article/view-boston-restaurants-closing-april-21-notice-filed-for-layoffs/70515824

The Oakland Unified School District board approved significant layoffs. Over 400 positions could be affected by this decision. The district faces a large budget deficit. These cuts impact various staff, including counselors and nurses. Layoffs will begin next school year.

https://www.ktvu.com/news/oakland-school-board-approves-400-layoffs

There’s definitely plenty of fat around here. The problem is that when cuts come, the fat somehow stays and the actual muscle that does the work gets cut. Sad but true. We’ve got so many useless managers who could be removed, but they’ll continue to stick around and siphon off resources. What a crock.

Seen job posting for it, debating applying. But is there any future in that role, or are you just going to get sacked once it’s over?

Alum Rock district leaders are considering significant staff reductions. Up to 38 employees could face layoffs. This includes positions like school liaisons. The district faces an $8 million budget deficit. Declining enrollment and lost grant funding caused the shortfall.
San Jose, California

https://www.nbcbayarea.com/news/local/alum-rock-school-district-staff-layoffs/4043494/

I just heard 2nd hand from top brass that layoffs are coming and very soon. Be prepared.

So many people getting bent out of shape, and for what? No layoffs. There’s a lesson in there somewhere.

So NN the new CIO says he's doubling down. That means for all the ones who have lengthy careers, we're out. Get your resume ready because he's going to flush the whole lot. Wonder how long it'll take the shadow ops team to pull this one down.

There are now even more SEC filings showing our leaders are dumping even more stock. They keep telling us that we're one team and that we need to sacrifice while at the same time they are selling millions of dollars worth of stock. A huge Fu-k You to the employees.

3 layoffs in close to 4 years with more possible depending on the outcome of 2026 registration numbers. Having trouble like other health insurance companies. Steer clear for a while unless you have no choice.

Special Advisor & Director recently sold US$11m worth of stock

On the 24th of February, Hans Vestberg sold around 225k shares on-market at roughly US$49.61 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade.

Will AI make AI team redundant ?

Devon may feel better knowing that Coterra employees got railroaded on bonus pay. Blood is In the water, and expect our efforts in the toilet. Moral is gone, can’t imagine any efforts or above expectations. Let the quiet quitting begin. OKC may keep its strong presence after all. Figured it may let someone other side feel better. I hear Devon payouts were business as usual. Congrats!

Profitability improved more than $2 billion year over year, with net loss totaling $194 million in Q4 and $747 million for the full year.

Looks like Gil and his top executives deserve bonuses for only losing $747 million for the year.

Does anyone know what we can expect from Agentic AI in PayPal in the next 12 to 24 months in terms of it's capabilities? I understand Lores is fully focused on Agentic AI and will likely use it to reduce the workforce like he has done at HP.

I'm not interested in what you've read from AI regarding Agentic AI as I've done that myself. If possible, I would like to hear from someone within the company who has been working with Agentic AI at PayPal or who knows what the general plans are? For example, will it handle 40% of disputes/limitations/fraud claims in 12 months.

Really curious as Lloyds bank announced this month they will be using Agentic AI for complex fraud and complaints reviews. With the advancement of Agentic AI, PayPal's desire for lightning fast changes and Lores's enthusiasm for Agentic AI and cuts, big changes could be on the way very soon. gulp

Is today RIF notification day?

Good luck

Usually it’s the one dreadful day where everyone gets laid off on the same day. However this year (at least for my department) I have noticed with the EDs and MDs that they are being let go here and there. Since January we have had about 5 officers let go.

Tonight will be "fun," considering I didn't sleep at all last night, and something tells me I'm not the only one. I'm now wondering, is there even a slight chance that this will be it? That after this round, we'll be able to move on from layoffs at least for a while and focus on our work again?

The Manhattan Beach Unified School District faces a severe financial crisis. The school board will consider 31 employee layoffs. This crisis stems from a long-standing structural deficit and state funding disparities. The district projects significant deficits in upcoming years. Officials are exploring new parcel taxes and advocating for state funding changes.

https://easyreadernews.com/manhattan-beach-school-board-will-consider-31-layoffs-at-wednesdays-meeting/