#layoffs

I am new here but already getting the sense that layoffs are just part of the deal. I'm trying to figure out if this is something people always stress over or if it comes in waves and then fades.

We all know it's coming and we know they'll do anything to cut labor as much as possible. All of us here have an expiration date.

Looks like the fat is finally being trimmed. Few managers have joined back as technical ICs while several have been impacted in the Cx delivery org. If you don’t contribute technically, being just a people manager is not good anymore.

https://www.pymnts.com/walmart/2026/walmart-tries-to-assuage-ai-worries-as-tech-related-layoffs-rise/

We're the ones who usually pay the price whenever costs need cutting. Seeing others being hit for a change is a bit refreshing. No hate but it's about time.

I keep seeing coworkers bail for jobs that pay way less. Nobody even tries to match their old salary anymore because things have become that miserable here. That's how low we have fallen.

People were let go with no warning. None. That's the scariest part of this whole thing to me. If there had been at least some indicator, something. But being a high performer and one of the most experienced people there, only to have the rug pulled out from under you like that... I feel so bad for them.

Mainly those who were laid off? I'm just curious, because for me, as soon as they're gone, that's usually the last I hear from them, or they hear from me.

A position I was eying opened up and I was going to apply internally but then I stopped and really thought about it. Is there a point of investing any more of my career here or should I just start applying outside? Things have been messed up for a while and as much as I used to like it here, I'm not sure I see a bright future for this place.

Many Massachusetts communities are facing significant budget shortfalls. These shortfalls are leading to widespread municipal layoffs. Malden plans to lay off 29 public employees, including firefighters. New Bedford will cut 94 positions and close a fire station. This situation follows the end of pandemic-era federal grants.

Massachusetts

https://www.bostonglobe.com/2026/06/05/metro/massachusetts-layoffs/

UBS Financial Services will lay off 65 employees. These job cuts are scheduled for August 26. The affected office is in Weehawken, New Jersey. This marks the second layoff notice from UBS this year. The reductions follow the company's 2024 acquisition of Credit Suisse.

Weehawken, New Jersey

https://www.nj.com/hudson/2026/06/financial-giant-plans-168-nj-layoffs-after-blockbuster-acquisition.html

Major U.S. employers issued the fewest layoff announcements in May. USA TODAY tracked 250 mass layoff notices affecting 32,000 workers. Spirit Airlines accounted for nearly 7,000 of these job cuts. The airline announced a shutdown and ceased all flight operations. This occurred despite U.S. employers adding 172,000 jobs in May.

https://www.usatoday.com/story/money/2026/06/06/may-job-layoff-warn-tracker/90425986007/

Well, the reality of its price and ROI. It's going to be so much fun to sit here and watch as the price tag balloons to ten times what it would have cost to keep the people who were laid of to be replaced by it. And then to watch them scramble to get the same quality of people back. I'm seated.

Is it true that there will be individual layoffs in June?

17,000 Layoffs before March 2027. Please Get Ready

Verizon Replacing Its Customer Service Personnel With AI Has Turned Live Chat Queries Into Low-Quality ChatGPT-Like Replies, Enraging Customers -- Omar Sohail
Jun 5, 2026 at 11:52am EDT.

Companies will eventually replace humans carrying out what they believe to be menial tasks with AI, and U.S. carriers are no exception, with their Live Chat department now being handled with chatbots that are providing less-than-useful replies to customers. In fact, a regular user of ChatGPT likely noticed that Verizon’s own service is providing similar low-quality responses, tarnishing the company’s reputation while also impacting the experience for millions.

Knowing the technical mistakes that AI can make, Verizon should only completely replace its Live Chat service after properly training its models.

The AI’s responses being similar to ChatGPT’s were noticed by Redditor “Hot_Saguaro,” who says that Verizon wasn’t even hiding the fact that the chatbot was providing technical answers similar to OpenAI’s service. After attempting to ask why her iPad wasn’t connecting to the internet, a Verizon representative said it’s because her service address is still her old address. She immediately countered, saying that another customer living in the same block was facing the same problem.

Verizon CEO Dan Schulman has previously stated that the company will focus more on customer service to boost the experience than shell out promotions, but it appears that the Chief Executive’s efforts have fallen short.

As expected in the Reddit thread, people were not thrilled with Verizon’s direction of replacing humans with AI, with a former employee saying that “one of our selling points was that we didn’t offshore call centers. It’s gone so downhill from when I used to work there.” It’s only appropriate that Verizon holds off on completely replacing its Live Chat with AI until it has properly trained its model to handle customer queries properly.

Simply integrating its service with ChatGPT won’t win the company any awards, especially when AI can make a boatload of technical mistakes that will be pointed out by users who are even slightly knowledgeable about carriers and their network’s functionality.

https://wccftech.com/verizon-replacing-humans-with-ai-for-live-chat-is-lowering-response-quality/

So what is everyone hearing? Any cuts on the horizon?

I notice that the losers from Integrated Services haven’t updated their profiles with their new titles. Aren’t they proud to be working at the intersection Ford and unemployment?

As long as the employees who do the actual work remain, I welcome these layoffs. Too long we've been losing the wrong people while those who do nothing but sit in meetings regurgitating the same things over and over again remain. If they're on the list, I say bring it on!

How has this become the new normal?

Earlier this year, Meta cut thousands of employees and told investors the reductions were necessary to fund its AI ambitions. The company redirected that payroll into infrastructure, researchers, and models designed to compete with OpenAI, Anthropic, and Google. Mark Zuckerberg called it the most important investment Meta would ever make.

The first real test of whether that trade-off is working just arrived , and the answer is not straightforward.

https://au.finance.yahoo.com/news/mark-zuckerberg-meta-face-first-164700000.html

Left late last year after 20 yrs w/ the company. When I started vz was the best company to work for. Took care of employees, customers and advancement opportunities were endless.

Ever since the Vodafone buyout happened in 2012/2013 it’s been a sinking ship. Less and less executives who worked up through the company, bad ideas (go 90, hum, etc), resources and support gone, outsourced CS, ripping off the customer, micromanaging thru the roof and layoffs every year.

It’s a shame but that’s corporate America these days.

OP is @15j+1kqqf7e4m.

Just ask around, you'll see that people have been disappearing consistently. They don't need major rounds anymore when they're always cutting folks.

ESPN is bracing for another round of layoffs this summer, sources told Front Office Sports.

The cuts are expected to affect both talents and non-camera-facing employees, sources said.

https://frontofficesports.com/espn-braces-another-round-layoffs/

Can we have just a full month without layoffs? Just one?

They tossed out long term employees like garbage. Decades of service gone just like that. Loyalty doesn't count for anything here anymore. They cut the people who actually know how things work. Now all that knowledge is walking out the door. Management only cares about slashing costs, not about who they're losing. It's disgusting.

I remember when everyone actually loved working here. Leadership talked to us openly, team events were fun, people smiled and laughed. Now look at it. Layoffs all the time and it seems like the more people like you, the more likely you are to get cut. They've lied to us over and over again. All that's left now is worry and stress. I'm so tired of this.

I used to think that once I got a job at EM, I could stop looking and just settle in. I don't think that anymore. I've seen too many people blindsided by layoffs or PIPs, people who thought they were safe. Now I keep my resume updated and I browse listings even when I'm not actively searching. You never know when you'll need to move fast, and having a head start makes all the difference.

Read a scary post. Massive layoffs prepared for end of Q3. Polish your resumes.

Do you have any update of layoffs in Poland? Is EMEA already done or still in progress?

Despite enacting 1000s of layoffs as the company claimed it needed to reduce costs. We also expatted an American female to SJS in a GL role, paying for 5 kids to go to private school all expenses paid.

Hearing folks are off payroll 7/1. Right or wrong?

Do they really think AI can make up for that? Are they really that stupid? (that's a rhetorical question)

Where is she getting all the numbers about 75% of the people getting our yard are getting internally placed again? Most instances the reqs are frozen or there’s none to apply to. She is so fake and I can’t believe people love her post.

Rumors are there will be new list coming for layoff every month after June. Main cuts will be in Communication, PMO, Product, Retail, Digital, Engineering, Data, Network, Infra, Observability, Martech and Security.

Which of the roles has the best job security and advancement opportunity? Need to get away from Fidelity where layoffs are over my head every month.

Message from my M5 NA squash friend is that they will be pushing lower rankings to all in reviews and employees will be stack ranked. There will be reviews across each GBUs. M5 suspects another round of cuts coming. For those with manager hate here - cuts will also be coming in for M level. The initial step per M5 was getting those with few reports to IC in FY 26. Many long term managers are understandably struggling in IC roles so cutting them on performance criteria in FY 27 will create no legal issues. Exact timeline not clear at the moment per M5 and he said he is prepping to be let go and hopes he at least lasts untill his RSUs/options vest. The RSU/options vest at M5 NA are 500K-1M - WOW - I don't think it was a lie. My Senior Developer RSU is 7.5 percent of that like WTF.

2025 Executive pay received only 60% support at the Citigroup stockholder meeting a few weeks ago. Current and former employees who own shares in the Citi stock fund in the 401k plan along with other shareholders made a loud statement that Citi executive pay is excessive.

https://www.citigroup.com/rcs/citigpa/storage/public/citigroup-inc-8-k-05-21-2026.pdf

Any ideas?