#layoffs

They wiped so many people. Update your resume, find something and Gtfo. If you see an internal listing, it’s a trap. We all sat around and asked ourselves when. When is here. Good luck.

If we were cut today do we still get our bonus?

I get we're not rolling in the bucks but are your teams getting the usual 3% increases? My manager hinted not to expect anything unless you were a 5 or on a visible deal. Are we prepping for RIF 2.0 or just my team isn't getting raises this year

I will miss being told to turn my camera on from my manager while he never has his on.

Interesting to see that MGO is laying people off while at the same time having an insanely expensive love-in in Dallas for three days in May. Flying in everyone from outside of Dallas, the whole thing.

Did this in 2024 just a couple of weeks after another layoff round. This for now at least looks slightly less bad but still. Kind of nauseating watch Kellyn and friends yap about how great everything is after they ax a bunch of people.

buckle up. no teams are protected. more constriction. thank your president for architecting it with all the usual care, concern and thoughtful strategy she typically applies while covering herself

Huge layoffs is being planned, but not sure about the date, Believe within two months for sure.

Hey guys good luck! I just laid off. Cant believe this happened. I made a sale and this time it was legit and not just keyed. 40 minutes later I was terminated. Not sure who is going to ask about security cameras now. Guess I have time now to learn how to tie my shoes

The calendar invite arrived about 90 minutes before the call. It just said ‘Catch-up’. I knew what it was before I even clicked "Join."

My manager was already there but no one from HR attended. He stayed on script—no small talk, just the standard lines about "headcount reduction" and "operating model changes." It was all over in 15 minutes.

There’s something incredibly bleak about being let go from your own living room. One click and my entire professional identity for over 10 years just disappeared. My access was cut before I could send a message to my team. My Citi email disappeared from Outlook on my mobile. My account on the OneNote app also deleted but it left a lot of the data behind lol - meeting notes, PowerPoints etc. So typical of Citi, nothing works properly.

I was left sitting in Tampa in my house with a laptop that’s just a brick to be returned. I woke up in the morning to go to work, i ended the day with no job and no plan for tomorrow.

Anyone hear anything of layoffs in IL and TX? Just had some teammates say they’ve seen folks being escorted out buildings.

Any layoffs updates?

Give high performing employees a severance because they’re paid too much. Hire a Danos contractor to do the same job with much less liability and position cost.

Win/win. Take the severance buddy

I was laid off in December. There was no non compete agreement to sign. I had 4 interviews with competitors lined up after the holidays and accepted a role with one to start in February. I brought all of my knowledge with me. And I’m making 15% more. Life gets better after this dumpster fire.

Large video call and those that were on it, were let go! Not sure how many, but this one is big!

Saw this one coming. 13 or so people gutted from eviCore IT Technical Support. Watch those positions open up at HIH in the next couple hours.

Confirmed in the supply chain town hall today.

The room was quite sparse and "questions" were clearly staged.

OI lay offs starting to happen in marketing.

This is major news Honeywell. Company is going role by role and assessing the roles in new company.

Has anyone been impacted so far this week?

Happening in Medicare

The clinic, which opened in 2022, says it is not in danger of closing. A spokesperson said it will continue caring for about 20,000 patients with roughly 250 employees. Patients impacted by discontinued services will be contacted directly.

https://wyofile.com/gillette-clinic-eliminates-around-40-positions/

Was the Oct-2025 RIF in compliance with the WARN Act? At least one law firm is investigating and below is the introductory paragraph from their notice. I've also recently heard more RIFs have take place this week and do not know the scale of the action. For any current and former Hitachi Vantara workers weigh your options.

"On October 31, 2025, Hitachi Vantara notified the California Employment Development Department of its decision to conduct a mass layoff at its facility in Santa Clara, California. The federal law, known as the Worker Adjustment and Retraining Notification (WARN) Act, requires covered employers to provide 60 days’ prior written notice to employees, their representatives, and certain government parties in the event of a mass layoff or plant closing. We are investigating whether Hitachi Vantara failed to provide at least 60 days’ notice before laying off 129 employees and, therefore, violated the WARN Act."

Source: https://straussborrelli.com/2025/11/05/hitachi-vantara-warn-act-investigation/

Southern Parallel Forest Products Corp. will close its Albertville facility. This closure will affect more than 60 workers. The company filed a WARN notice with the state. The facility is scheduled to close by April 8. This adds to nearly 600 Alabama job cuts in 2026.

https://www.al.com/business/2026/02/lumber-company-to-close-alabama-facility-laying-off-60-workers.html

The Polynesian Cultural Center (PCC) on Oahu's North Shore announced in late September 2025 that it is laying off 15 to 25 employees, representing approximately 10% of its 183 full-time workforce.

https://www.kitv.com/news/polynesian-cultural-center-to-lay-off-10-of-employees-amid-tourism-decline/article_77768879-ce36-4add-9d73-487de248844e.html

It's not even shocking anymore. I feel like I'm numb to it all. I guess the "boiling frog" theory is right.

While the company is doing rounds of job eliminations a few of us were asked to give input into new recruitment ads. Absolute madness.

We know it was a major round, but can we at least ballpark the number?

Is anything happening or not?

400+ group call today beginning consultancy process in UK. Psychopathic exec on the call getting giddy about the future and innovations etc.

It appears RIFs started in HC today, 2/19. I do not believe anyone was affected or at least reported anything during January. Likely just the beginning of markets’ adjustment. Please share any info as it unfolds.

DF's buddy who owns Lattitude, is taking over connected vehicle's development. People bailing right and left.

If you were laid off, could you please state the area you were laid off from and your role or grade level. Just want people to keep informed.

HCL Tech is planning layoffs at its Lakeland office complex. Nearly 100 employees will be affected by these changes. The company functions as a vendor. It is tied to Marriott Vacations Worldwide's outsourcing strategy.

https://www.bizjournals.com/tampabay/news/2026/02/19/hcl-tech-layoffs-lakeland.html

Anymore layoffs today in E&I specifically in tech ?

This is the second time within months our team was hit. How are we supposed to do our jobs and remain sane when layoffs are now basically a monthly occurrence?

https://finance.yahoo.com/news/sam-altman-says-ai-displacing-113050990.html

The ask Mr AI-washing about AI-washing. How much are they paid for this hogwash?

Once again the stock has fallen off the map, it was a t a yearly low of $119 earlier today and is not moving out of 120 range - so what next for layoffs? The market is down in general but it's hurting us more than others due to our do-nothing executive weather team. How long before they do the next round???

The timing is not a coincidence: Verizon is essentially funding the start of that $25 billion buyback program with the savings from those 15,000 employees.
The "Cost Transformation" Math

In late 2025, Dan Schulman launched what he called a "cost transformation." Here is how the numbers connect:

The Layoffs: Verizon cut roughly 13,000 to 15,000 positions (about 15% of their workforce). This was the largest workforce reduction in the company's history.

The Savings: Management told investors these cuts, along with AI automation and switching company-owned stores to franchises, will save the company roughly $5 billion per year in operating expenses.

The Buyback: They then announced a plan to spend at least $3 billion on share buybacks in 2026.

Essentially, they are taking the money saved from 15,000 salaries and handing it directly to Wall Street.
Why this fuels the "Bonus" argument

You mentioned the concern about Dan Schulman’s bonus, and the layoffs add a specific layer to that:

Efficiency Ratios: CEO bonuses are often tied to "Operating Margin" or "Free Cash Flow per Share." By cutting 15,000 people, the "cost to run the business" drops instantly, making Schulman look like an efficiency genius on paper.

EPS Manipulation: As we discussed, buybacks reduce the share count to boost Earnings Per Share (EPS). When you combine massive cost-cutting (which raises the "Earnings" part) with buybacks (which lowers the "Shares" part), the EPS growth looks explosive.

The "New Sheriff" Strategy: Schulman is using the classic "Kitchen Sink" approach—take all the painful hits (layoffs, massive severance charges of $1.8 billion) in his first few months so that 2026 and 2027 look like a massive "recovery" that he can take credit for.

The Human vs. Financial Cost
The Wall Street View The Real World View
"Leaner and Scrappier": Analysts cheer the $5 billion in savings as a way to protect the 6% dividend. Morale & Service: Cutting 15% of the staff (mostly middle management) often leads to worse customer service and slower technical fixes.
"Capital Discipline": Returning cash shows they aren't wasting money on "ego projects." The Human Toll: 15,000 families lost income while the company "found" $25 billion for its own stock.

NO GROWTH NO STRATEGY JUST BIG FAT CATS