#layoffs

Rogers Communications Inc. RCI-B-T +1.10%increase
is offering voluntary departure packages to 50 per cent of its employees, excluding Maple Leaf Sports & Entertainment, as telecom industry revenue growth has slowed across the industry and as companies look to shed costs.

To all those who are affected by layoffs this week, get through the call and take 24-48 hours to process. Don’t react poorly in the moment, nothing new gets decided on right there.

To people watching colleagues go: reach out to everyone you hear getting let go. Don’t “give them space”, just send some kind of warmth. It goes a long way.

Nobody is going to get mad at you for checking in, and it makes a difference.

For years now, every layoff round has taken either a core role or someone who was holding the whole team together. And nothing ever gets backfilled. No follow-up, no acknowledgment of the gaps. It's like leadership wants teams to fall apart. I get that they're just lazy number-crunchers, but even then, this makes no sense.

UK invites are already going out. Anyone know when other countries will follow? Please share whatever you're hearing.

Also some mgmt gone, so there's that. As someone pointed out, mixed bag this time.

So far I’ve only seen directors and lead engineers get the invite. Guessing the Jr engineers are up next today or tomorrow?

Anyone know if we’ll be part of the 4/30 exodus?

a. Innovation
b. CEO CFO VP PE swap in & out
c. Mass layoffs and more layoffs
d. Financial frauds
e. Corruption
f. Stock manipulation

"AT&T's Free Cash Flow Declined Significantly Last Quarter". Stanks plan isn't working. Plan for a dividend cut down the road. Eliminating jobs isn't the answer. The Board must take immediate action, but all they do is collect a fat check.

A lot of chatter around layoffs, but it seems that they are going to just starve out and fire folks in the B2B Mid Market space. Unattainable quotas, 30 day PIP process, calls for 75% of our time which limits finding real deals within our base. Over 22 years with the company, I cost more than most of my peers. I would be a natural layoff candidate. Would love to hang for a RIF, but I do not think they are ever going to let us go like that when they can get rid of us all free.

Anyone see it differently?

Seemed like there was a big wave in the morning, but has anyone received an invite in the last hour or so?

This is yet unoffical but there will be a meeting today with 3 upcoming news:

• everyone will be fired by the end of August and replaced with offshore employees (.not high management )
• company will be splited by 4 or 5 independent companies ( by region ) and FIS brand will disappear by end of this year.

Seems like they are going to announce it on the 12th, this may be a formality for more some ppl, but 5 of us were let go, and more to come.

In the Q1 Earnings press release (April 22, 2026), WAY down to the financial tables section titled: “GAAP NET INCOME TO ADJUSTED EBITDA RECONCILIATION” inside the table, you will see this line: “Workforce rebalancing charges”

And see the number is $0.3 Billion for 2026, same as 2025 for the 2 months ending in March 31.

Workforce Rebalancing Charges means a one time charges for laying off employees, closing facilities, or changing management.

If IBM continues to use an average cost of $150K per employee, then $300 Million translates into ~2,000 employees.

This is consistent with what they said in January 2026 at the 4Q Earnings call.

Here's the link to the 1Q Earnings press release:
https://newsroom.ibm.com/2026-04-22-IBM-RELEASES-FIRST-QUARTER-RESULTS?utm_source=chatgpt.com

All signs point to good results tomorrow with help from the blockade in the Straight of Hormuz. I’m sure we will say it is proof our strategy reset is working, and that we still have to make more “difficult” changes. Then cue layoffs announced around Q2 results. What does everyone else think?

Anyone got invite for tomorrow? I got one and its little scary for me.

We are told at each quarter we will just adjust headcount up or down depending on financials. Is this common in all Waters business units?

Autoblog
https://www.autoblog.com/news/the-ev-bo-m-is-changing-and-100000-job-cuts-prove-it

Verizon has (Never) in its' history done a layoff in June.

Normally, a Verizon layoff happens each year during April, and/or October.

If it does (actually) happen, May 7th would be the date; mentioned in the other post.

Any insight if OptumRx will impacted Thursday?

A lot of baseless rumours have been posted here. You must be said after today's all hands

First, I understand your feelings. I got let go from a different company several years ago and it never feels good. Even though it's usually not personal it always FEELS personal. Especially when you think about all your contributions over the years. Feelings like, "How could they let ME go after everything I've done, all the long work days, all the good performance evals and kudos, etc.!" Being upset is a normal reaction and no one should attempt to invalidate such feelings.

With all that being true, it's also important to not lose sight of the big picture. What's that big picture? All of us are on this planet for - in the span of human existence - no more than a micro-second. And unless you're very famous when you depart this planet, within just three generations almost no one is likely to remember you ever existed. The point? In the grand scheme of things...none of it really matters.

This short, <5 minute video sums it up nicely:

"A Reason To Stop Worrying: Watch This Whenever You're Stressed or Anxious"

https://www.youtube.com/watch?v=4Tm6Z1y3h94

remember not too long ago those BA parties where metamates would brag how much they made? millions being printed for "little work". I do. Who else does ? will they be saved on May 20 th ?

Financing for build-to-rent projects has halted nationwide. This is due to a federal housing bill moving through Congress. Hancock Builders, a Phoenix developer, has seven projects under construction. Founder Greg Hancock stated the entire industry is shut down. Hancock Builders may lay off workers if new projects cannot secure financing.

Phoenix, Arizona

https://www.abc15.com/news/business/phoenix-developers-face-layoffs-as-capital-dries-up-amid-federal-housing-legislation

https://crane.house.gov/2026/04/22/rep-crane-introduces-legislation-to-pause-and-reform-the-broken-h-1b-visa-process/

Reps. Brian Babin (R-TX), Brandon Gill (R-TX), Paul Gosar (R-AZ), Wesley Hunt (R-TX), Tom McClintock (R-CA), Keith Self (R-TX), and Andy Ogles (R-TN) have signed on as original cosponsors.

It seeks to amend the Immigration and Nationality Act of 1952. It calls for a three-year halt on new H-1B visas. It also proposes that those holding H-1B visas slowly leave the United States during this time. After the period ends, H-1Bs will resume, albeit with more stringent rules and in fewer numbers.

It mandates employers to certify that they cannot find a qualified American worker to fill the job and that they have not undertaken layoffs. It also calls for a minimum wage for H-1Bs of $200,000 per year

“American workers are being replaced, and cheap foreign labor is the cause. We will not bow down to the corporations, and we will not let Americans become strangers in their own country. End the H-1B scam,” Rep. Ogles added.

Nike plans significant workforce reductions in Missouri. A WARN notice detailed the upcoming layoffs. 172 employees will be affected at its St. Charles facility. The job cuts are effective starting June 26, 2026. No union representation or bumping rights apply to these workers.

St. Charles, Missouri

https://101theeagle.com/nike-missouri-layoffs/

Anna Maria College will permanently close at the end of the year. The private Catholic college is located in Paxton, Massachusetts. At least 150 employees will be laid off in the first round. The college cited years of financial pressure for the decision. Layoffs are scheduled to begin between June 22 and June 30, 2026.

Paxton, Massachusetts

https://www.masslive.com/news/2026/04/mass-college-closing-after-80-years-laying-off-150-employees-in-first-round-of-cuts.html

https://www.thetimes.com/business/companies-markets/article/activist-investor-backs-pearson-ceo-pay-rise-c2ds8j55d

This is really obtuse to give this joker a pay raise while employees suffer through no raises, compressed and lowered pay scales, artificially calculated demotions for profit.

The fleecing of workers is so obvious, but here we are.

About 400 more people gone. I guess Shart needs another million in his bonus.

Documents coming last minute is ridiculous. We've had the draft since November so any challenges should have already been made. Stretching out payment is disrespectful but I guess respect went out the window when they told us we were surplus. We just want to move on and they want to make it difficult.

My last job was incredibly boring but stable. Bonuses every year, clear processes, you know how it goes. I got an offer from Ford two years ago and I thought it would be a great challenge to break the monotony. Now I'm stuck at a place where nobody knows what anyone else is doing. I miss boring.

I honestly preferred major layoffs to what we have now.

And the weird thing is, I'm relatively insulated. I have low expenses, and have built up oversize savings after several years working for a company doing layoffs all the time. I think even if I was somehow fired without severance, I'd probably be fine. But living with the constant uncertainty is ki-ling me. This kind of low-level, continuous underlying stress cannot be healthy. I don't know how people with kids or just less of a financial cushion are doing it.

I'm sure I'll get some trolls in the replies but just curious if anyone can relate.

I've been through several layoff cycles now and every time, as soon as first rumors hit, the office turns into a competition. People stop sharing, managers get cagey, friends watch each other sideways...you get the picture. It's exhausting.

My approach now is simple. I assume my number might come up and keep my options open. I update the resume every month and if it happens, it happens. Being prepared is the only way to stay sane.

Does anybody know ANYTHING about when we might expect to see more cuts?

I heard from a friend about a role in GT that’s currently open. They sent my resume and cover letter to the hiring manager on Friday. He tells them today that the position can only be filled from within GT. I sit in another LOB. Can anyone explain why this is happening?

Pay is below market, raises don't exist, and talent gets zero recognition. With all the layoffs, individual contributors are doing management work on top of their own jobs. Meanwhile everything keeps getting offshored. There's literally nothing positive about this place.