#layoffs

Any ideas?

This week started my teams AI usage. It only does one part of our work so far and it needs some fixes. But I think this is the end lol. CRIU- when will we be let go? Any guesses?

Another Friday email about MCP. The fifth? Tenth? Who knows anymore. The topic changes slightly, but the result is always the same: lots of buzzwords, very little substance, and almost nothing employees actually care about. Same goes for Radio FactSet.

Meanwhile, layoffs happened this week and didn’t deserve a single mention. Is the CEO genuinely aware of what’s happening inside the company, or is he too busy writing thought pieces about AI? The disconnect is becoming impossible to ignore.

What roles / departments are being targeted in the uk. Lots of muttering but no real facts. Any information is appreciated.

That's the whole point. It was always meant to be an attrition tool.

Invista's Kingston plant is laying off over 100 workers. These job cuts are part of a company-wide restructuring effort. The company has not been profitable, with costs exceeding its value. Layoffs will occur between June 21 and August 2. Invista aims to become leaner and more cost-efficient for a profitable future.

https://www.thewhig.com/news/more-than-100-jobs-cut-at-invistas-kingston-facility

Noble Inc. announced layoffs affecting 80 employees. The terminations will occur at its Indianapolis facility through August 2. The nonprofit is discontinuing Community Living residential services. This is part of a strategic realignment and due to funding uncertainty. The change affects 38 individuals receiving residential services.

Indianapolis, Indiana

https://wibc.com/888986/80-employees-laid-off-at-indy-nonprofit-aimed-at-helping-people-with-disabilities/

JPMorgan Chase is managing its workforce evolution in response to artificial intelligence. The bank plans to rely on natural attrition rather than implementing layoffs. CEO Jamie Dimon anticipates AI will eventually reduce the total number of jobs. The company intends to hire more AI specialists and fewer traditional bankers. This strategy allows for retraining and redeploying existing employees through natural turnover.

https://aimagazine.com/news/jpmorgans-workforce-strategy-attrition-over-layoffs

Concord City Council approved the 2027 city budget. The council avoided staff layoffs by utilizing rainy day funds. This budget is estimated to increase the tax rate by just under 4%. Some vacant positions were frozen, and one deputy police chief role was eliminated. The city allocated over $1 million from its reserves for operational expenses.

https://www.concordmonitor.com/2026/06/05/concord-city-council-puts-1m-in-rainy-day-funds-into-2027-budget-avoiding-staff-layoffs/

Alphabet shares declined after reports of job cuts. The company reduced positions within its cloud unit. This move aligns with reinvesting in AI growth areas. Some cloud workers and Google's Threat Intelligence Group members were affected. Alphabet regularly reviews internal structures to meet industry needs.

https://www.tradingview.com/news/gurufocus:0bbfb903f094b:0-alphabet-stock-slides-after-report-reveals-cloud-division-layoffs/

Reyes Beverage Company acquired assets from Republic National Distribution Company. This deal included RNDC's Phoenix distribution facility. Reyes acquired the Phoenix facility on June 2 for $42.6 million. RNDC previously filed a notice of potential layoffs. This notice affected 211 jobs at the Phoenix warehouse.

Phoenix, Arizona

https://www.abc15.com/news/business/reyes-beverage-buys-phoenix-distribution-facility-where-layoffs-were-announced

Layoffs are planned for the Chelan-Douglas Health District. This follows the chief administrator's departure last month. The public health department serves two counties. It manages child nutrition programs and vaccinations. The district also handles disease outbreaks for the Wenatchee Valley.

Wenatchee, WA

https://www.ncwlife.com/news/videos/layoffs-follow-health-agency-chiefs-resignation/video_53e0476a-e59b-51ea-85dc-d2064519150c.html

Capital One is cutting nearly 300 jobs. These reductions are part of its acquisition of Discover Financial Services. The acquisition is valued at $50 billion. This marks the fourth round of layoffs. The job cuts are linked to the Discover deal.

https://www.chicagobusiness.com/banking-finance/ccb-capital-one-discover-job-cuts-20260605/

I'm seeing some linked in posts where people are 'so excited to announce I'm taking a new position as a director in Fidelity blah blah ' where they were formerly VPs. Of course one in particular I saw scrubbed that gleeful vp announcement from 3 years ago from his linked in page. Are there people who took demotions to stay in lieu of getting $hit canned or is this some sort of universe correcting reorg?

Fulcrum Therapeutics announced a significant business restructure. The company is reducing its workforce by 85%. This leaves the company with nine employees. The decision follows the discontinuation of its lead dr-g candidate, pociredir. The FDA raised safety concerns regarding the sickle cell disease treatment.

https://www.biospace.com/business/fulcrum-tanks-as-cancer-concerns-stymie-sickle-cell-asset-trigger-business-reorg

Whirlpool Corporation will end second-shift production at its Amana plant. This change is effective July 5. A total of 288 employees will be affected by these layoffs. The company attributes these actions to a multi-year modernization plan. Whirlpool previously laid off 341 workers in March at the same facility.

Amana, Iowa

https://www.kcrg.com/2026/06/05/breaking-whirlpool-ending-second-shift-production-amana/

ESPN expects another round of layoffs. This follows its recent acquisition of NFL Network. The NFL gained a 10-percent interest in ESPN in the deal. The NFL Network purchase is a major factor in these upcoming job cuts. Both off-air and on-air employees are expected to be affected.

https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/report-nfl-network-acquisition-will-spark-more-espn-layoffs

Monumental Sports & Entertainment is laying off about 30 employees. This reduction represents just under 4% of its total workforce. The company cited redundancy and efficiency as primary reasons for the cuts. These layoffs are part of an organizational restructuring tied to the Capital One Arena transformation. Monumental plans to reallocate resources and invest in other key areas like technology and fan support.

Washington, D.C.

https://www.sportsbusinessjournal.com/Articles/2026/06/05/monumental-sports-entertainment-undergoes-layoffs/

FU-K OPENTEXT

I've worked closely with a few core systems for years and always believed that made me valuable to Cisco. Recently I've watched people with deep knowledge get pushed aside during layoffs and it's changed the way a lot of us look at long term stability here. We still work hard, but there's definitely less confidence that loyalty or expertise will matter when decisions get made. So many of us have started looking. Loyalty has to be a two way street or it simply disappears.

I've been on both sides of this, and the fear of not having a job is just as bad as the misery of having one you hate. Watching your savings drain and your health coverage get closer to expiring is its own special kind of he-l. You still got a paycheck coming in, don't waste that advantage. Even if you think you're safe, it won't hurt you to start looking, just in case. There's a huge difference between getting to do it while still employed than when you're already without a job.

Q: How does it feel to be one of the ones who was LR harvested, whilst the Bread and Circuses of CiscoLive! commences?

A: It feels pretty sh£tty.

What a joke this all had been. To the old teammates who won't reply to texts, emails, or LinkedIn messaging...F-off, the lot of you.

Packages coming. 2months max severance. Goal is 90% of engineering at LCC's by 2029

About to have negative earnings for the next few years

And everything reflects it. The group is not open to new ideas, or new tech or new methods. And we are supposed to be a "cutting edge" IT group. We have projects that started a decade ago that cant move forward because we have not done our "due diligence". We are using tech from 2015.

10 out of 14 people will retire in next 3 years. Hopefully we can get some smarter people in. Although most likely we will be offshored.

"pump and dump"

https://www.msn.com/en-us/money/companies/verizon-vz-stock-trades-down-here-is-why/ar-AA24RnGp Bottom line Verizon sold customer location data and was fined $47 Million. Wonder how many employees Dan will lay off to cover this bone head move?

Displacing individuals is too slow and not creating sufficent staff reduction.
Poor work conditions and arbitary illogical management and we-ponized metrics have failed get employees to self attrit. Leadership next phase: Build League, the foundation to start displacing entire teams of employees at once....

Close contact in HR told me more RIFS definitely coming and oh, this will be an annual thing. Good luck to who remains.

In all the 20 years Ive worked here ne we felt so unstable or unappreciated. Dumpster fire !

Have read this a lot..

The problem with this logic is that it is exactly the strategy used to hire them in the first place (internally from other BUs using Spotify model) what your missing is that this is was designed to fail and there was extreme internal resistance that became louder in late 2019… convenient right?

Have you ever heard anyone at the firm say “fidelity doesn’t like two VPs in one room” before they humbly announce a lateral move to a different adjacent org? Take a look at some of your peers at any pay grade that started to make lateral moves during the fall of ‘25 water cooler talk.

I see your posts, i hear your sentiment. but what you are enraged about isn’t the firms gross incompetence. It’s actually quite worse, because it was strategic and now associates are left pointing the finger at the right people but for the wrong reason.

The existing tenured VPs on teams actively pushed back for years against the re-org and likely didn’t tell you about it. It was near impossible to fight — as PI was proving the model worked in their BU. The main argument of why the success wouldn’t transfer for AM tech is based on the end users and stakeholders. 100% internal technology with a specific set of elitist stock pickers, research analysts and traders as internal customers.

And then expecting those exact investment professionals to engage in this new silly structure was down right embarrassing. Asking someone who has worked as a product manger (industry title) to become a squad lead (not even a title used by Spotify itself anymore) was evidence in itself for some people aware enough that they jumped ship or took a lateral move.

Covid became the catalyst for this shift to formally take place, yes. But dont let your ignorance (and outright bigotry) distract you from the real enemy here. False sense of transparency from upper executives. Tenured VPs shielding delivery teams from all this happening only made them less prepared for the blow.

Fidelity wants to remain known for not following suit in layoff trends throughout changing economies. This is a decade long plan to control costs in a different way that other competing public firms cant take the same approach. If you want someone to blame, this is a “privately owned” cop out.

Thats it. The VPs you keep bringing up that you all seem to want to interrogate hypothetically. They were brought in so that there wouldn’t be outraged when they were phased out. Every single AM tech leader knew this. Patterns were recognized. New roles were presented to people with confusing titles and responsibilities. Delivery teams divided.

Asking chat gpt to come up with reverse interview questions about new VPs merit is sophmoric. This was why they were placed originally — upper execs paid for the Spotify consult and needed to see it through, and covid allowed them to execute this. knowing it would fail and THAT was a valuable point enough to justify future layoffs.

There are MANY cases of well accomplished VPs choosing a demotion, strategically. To stay at the firm, embrace the change for a temporary 5-7 years until the next wave of “leaders” try to make an impact. When Kathy and bill were here, this was well understood but not widely discussed because there was an actionable conversation happening about what long term associates LIKED about why they stayed for so long. There was a long run of success with their combined approach, and unfortunately gave a lot of younger employees a sense of stability that would soon change.

All of the outrage of covid hires and thinking you can reverse engineer something that was intentionally designed to fail in the first place is a waste of your time. Stop being tricked into thinking they actually believed this re-org would work. Or that it was a disguised effort to implement DEI.

Your leaders didn’t tell you the truth, stop whining about DEI when it was intentionally used to distract you and blame your peers, and not the execs.

Great line by NVIDIA CEO.

Truth is, Verizon should have many empty chairs then…

https://www.linkedin.com/posts/entrepreneursanctuary_jensen-huang-co-founded-nvidia-in-1993-and-activity-7453027411870371840-5DK2?

https://share.google/LaNSdgZJxVmNlINzW

Is there anything less American than this? F this company... How is this even legal?

I left EM a little while ago to move to booming data center industry where they need capital projects people and pay better

Do some research and apply. Why not see?
Base Salary a little lower than EM but more than made up with near term cash and stock

Example. CL27/28 with 15 years experience can get you this
Base: 250k
Annual cash bonus: 20%
Stocks: $800k-$1.2M spread over next 4 years. No ridiculous 3 and 7 year waiting to get couple hundred XOM shares.
Basically $500-600k+ per year
And even know some CL 28/29 folks that are looking and can get closer to $800k all-in.

Or you can stick around and work with disrespectful people like Dan W or Carman M!
Good luck!

Hi Wells Fargo friends,
I am with Edward Jones and here for some info & advice.

As a remote employee (not in St Louis), I feel that my days are numbered because Edward Jones put in place 4 day return to office.

As Wells has had return to office for longer, wondering how they had handled remote employees. Were all remote employees terminated? Did they run a survey to ask who would relocate and terminate those who said no? Or was there a different criteria?

I appreciate any insight you can share. My sense is Edward Jones will copy Wells and other industry peers in how they handle remote employees.

Republic National Distributing Company is laying off 689 workers in Grand Prairie. This information comes from a WARN Act listing. The company recently sold 11 locations to Reyes Beverage Group. Reyes Beverage Group hired over 5,200 former Republic employees. Republic National plans to lay off 1,903 employees in Texas overall.

Grand Prairie, Texas

https://www.star-telegram.com/news/business/fort-worth/article316006326.html

Pace Gallery recently cut 50 artists and laid off 50 staff members. This represents a 30% reduction in artists and 20% in employees. CEO Marc Glimcher described the move as a "model correction." He stated the current gallery model is "unfixable" and needs change. The gallery will now focus on representing approximately 80 artists.

New York, New York

https://hyperallergic.com/pace-cuts-50-workers-and-50-artists-citing-a-broken-gallery-model/

How secure are you in your job ?
My day to day has been completely replaced with codegen.
Everything from coding, reviewing and analysis.
I havent used my brain in months, everything is done by AI.
Its a blessing and a curse.

As soon as they can resolve the issue with accountability, you will be made redundant and unemployable.

What is your exit strategy ?

St. Landry Parish Schools faces a deep financial deficit. The school board learned the system is millions in debt. The district operates "check to check" and loses cash. It expects a nearly $4 million debt by fiscal year-end. School closures, consolidations, and layoffs are possible solutions.

Opelousas, Louisiana

https://www.kadn.com/video/st-landry-parish-schools-facing-millions-in-debt-closures-layoffs-possible/video_33f27eb5-75af-5ba7-a28d-91c7f053acea.html

ESPN is reportedly preparing for another round of layoffs. On-camera talent are said to be at risk this time. ESPN previously laid off about 30 off-camera workers this spring. These reported layoffs follow the company's NFL Network acquisition. Cord-cutting and new expensive rights deals affect ESPN's operation.

https://awfulannouncing.com/espn/planning-layoffs-on-air-talent.html