#layoffs

Microsoft and Skydance announced employee buy outs today. Will Verizon do the same? Is rebadging happening? Will more layoffs happen in November or will they wait to do a big layoff in January? Elon vs Dan who are you choosing? Dan said 4-6 years and Elon responded 2-3 years.

Love the bespoke approach to restructuring here. Other companies commit the rookie mistake of just naming a number and ripping off the Band-Aid—which accidentally stabilizes their stock price. Why settle for shareholder confidence when you can drag out the suspense and run a company-wide game of musical chairs instead?

I was laid off after a pretty long career at the company. I just want to share my experience. I was pretty burnt out, and after the initial shock and anger of being tricked into attending a meeting that turned out to be something completely different, I felt relief. I took advantage of the severance to actually address the burnout so that I wouldn't get into this situation ever again.

There was a lot of anxiety about what I was going to do long term, there were a lot of weeks where I wasn't sure what was going to do. Spent a lot of time applying for jobs, interviewing, and all the things that you're supposed to do. It was not fun, but honestly it really beat going back into the situation I was in before at the company.

I came out the other side a lot better, it su-ks while it was going on, but I'm glad I'm out

Cisco is so obvious when layoffs are coming, no invite for beat or beyond the numbers yet. It su-ks, and I wish we had more of an understanding of who gets cut. What grade levels ?

First of all - sorry to folks impacted this week, this post isn't meant to be insensitive to your loss of livelihood.

However the severance packages look really good! (16 weeks + n-3 plus 12/31 end date)

In fact it got me hoping to get "the call" tomorrow. I'm not married to this organization and can't imagine a bright future for this company competing against starlink and a bajillion streaming services all of which are operated better than nbc/peacock.

My question is will this severance policy continue into next year for Mar/June rumored rounds? Can it change?

This site is about layoffs at DXC.

RV got his marching orders today in a very pleasant email from PT.

Why delete the earlier post?

Despite the commercial triumph of its latest title, Su---r Punch Productions has implemented layoffs. The studio, which developed the highly successful game, is reducing its workforce by 26 individuals. This decision comes after careful consideration of market challenges and future project needs. Leadership stated that staffing reductions were necessary for the studio's next endeavor. These cuts highlight the precarious nature of employment in the gaming industry, even for successful studios.

Redmond, Washington

https://kotaku.com/ghost-of-yotei-su---r-punch-productions-layoffs-playstation-sony-2000749787

People who are being laid off have their badges going inactive on Thursday but are employed until 12/31. So they essentially get to work at home while we have to go into the office 4 days. Nice way to reward your dedicated workers Comcast!

Hollister has reversed recent layoffs affecting police department civilian staff due to a significant budget shortfall. The city manager was terminated following a vote of no confidence from the police union. Affected employees were asked to return to work temporarily while budget reviews continue. The union expressed gratitude for public support in resolving the situation. Layoffs were originally scheduled to take effect in mid-November.

Hollister, California

https://www.police1.com/union/calif-city-fires-city-manager-asks-laid-off-pd-employees-to-return-to-work

Sealy Mattress Manufacturing Company will close its Trinity plant by the end of the year. This closure will result in 114 employees losing their jobs. The company cited evolving customer demand and business needs as reasons for the shutdown. While the manufacturing facility is closing, it will be repurposed for research and development. No corporate roles were affected by this decision.

Trinity, North Carolina

https://www.charlotteobserver.com/news/local/article317785397.html

Not being cut, just moved. That's the sad truth.

Approx 60% cut. No severance details yet.

Verizon has continued its year-long restructuring efforts by filing multiple WARN notices, resulting in nearly 5,700 job cuts since January. These reductions have been implemented through a series of smaller, ongoing layoffs rather than a single large announcement. The company's CEO initiated a significant restructuring plan last year aimed at reducing operating expenses. While these cuts have improved financial metrics, subscriber growth remains a challenge. The ongoing nature of these workforce adjustments suggests the restructuring is still in progress.

New York, NY

https://startupfortune.com/verizon-keeps-cutting-jobs-a-year-into-dan-schulmans-turnaround-plan/

Take the buy out and get peace of mind or wait it out? Trying to understand the wait it out option better

UPS standing tall against Microsoft’s 60k layoffs.

Real Food From The Ground Up is closing its Fitchburg facility. The shutdown is scheduled for December 15. This action will impact operations at this specific location. Further details regarding the closure are not available in the provided text. The company has not released additional information.

Fitchburg, MA

https://www.bizjournals.com/boston/news/2026/10/26/layoffs-our-home-snacks-massachusetts.html

People are told not to say anything or risk losing severance. Usually sent home.

The linked in posts pop up next day.

Look for the signs.

System Era Softworks has laid off over 30 developers this week. The studio cited underperformance of its new title, Starseeker: Astroneer Chronicles, at its Early Access launch as the reason for the cuts. This decision impacts the Starseeker team specifically, aiming to create a more sustainable development path. The studio acknowledged that this move goes against their core values of treating employees well. They expressed deep regret to all affected individuals.

Seattle, Washington

https://massivelyop.com/2026/10/25/astroneer-studio-system-era-softworks-lays-off-over-30-devs-after-starseekers-early-access-underperforms/

Quite a few people teams were told end of the year they are done. NNO supports the regions after the Divisions were dissolved a few years ago.

Heard that TSC supervisors were informed they are done at years end. Agents will now report directly to managers.

Netflix has implemented significant job cuts at its Los Angeles office. The company eliminated 267 positions across various departments. These roles included creative development and legal professionals. This action comes despite the company reporting strong quarterly revenue growth. The layoffs indicate a move towards operational streamlining.

Los Angeles, California

https://www.bizjournals.com/losangeles/news/2026/10/23/netflix-mass-layoff-sunset.html

Success Lending, LLC is ceasing operations and will lay off 121 employees in November. The company's owners made a mutual decision to wind down the joint venture. This action affects 21 Illinois workers and 100 out-of-state employees. eXp World Holdings, now AGNT, Inc., is exploring a new mortgage venture. The company is grateful for its partnership with Kind Lending.

Schaumburg, Illinois

https://finance.yahoo.com/real-estate/articles/illinois-mortgage-business-shut-down-080306463.html

Parks Canada is undergoing a significant workforce adjustment affecting nearly half of its staff in the Northwest Territories and Yukon. This restructuring is part of a broader federal expenditure review requiring budget reductions. While letters have been sent to nearly 3,000 employees nationwide, receiving one does not guarantee job loss. Some positions may be altered or eliminated, with an anticipated reduction equivalent to 500 full-time jobs nationally. Local leaders express concern over the potential impact on their communities and park preservation efforts.

Fort Smith, N.W.T.

https://www.cbc.ca/news/canada/north/hundreds-staff-affected-parks-canada-layoffs-9.7394386

A company willing to let got 60,000 workers does not have labor shortage. That is a simple fact to understand. Any one who disagrees is a bad faith actor.

Now the question is, why is Microsoft one of the biggest H1B visas filers in the US year after year?

Because there is no labor shortage, obviously. H1b and H4 visas have been used against the American people to lower wages and squeeze more work out of them.

This is not an attack to those on H1b and H4 visas. You are not at fault. You are not the people benefit from all of this.

No one can get any work done why don't they just come clean with who is being laid off

Ontario's Workplace Safety and Insurance Board (WSIB) is facing criticism for planned premium reductions for employers in 2027. The Ontario Compensation Employees’ Union argues these savings should instead fund better support for injured workers. The union highlights that injured workers already receive compensation below the national average. Furthermore, the WSIB is reportedly planning hundreds of layoffs and closing ten regional offices. The union believes these actions will negatively impact services for injured workers.

Ontario

https://www.trucknews.com/business-management/union-slams-wsib-premium-reductions-amid-layoffs-service-cuts/1003223978/

Rural hospitals are increasingly resorting to staff reductions and service erosion instead of outright closures. This trend means that while fewer facilities are shutting down, the remaining ones are often diminishing their offerings. This shift impacts rural communities by forcing residents to travel further for essential medical care. Experts note that this consolidation and service reduction is a new manifestation of financial distress for these hospitals. The number of rural hospitals at risk of closure remains significantly high.

https://www.medicaldaily.com/rural-hospital-layoffs-2026-closures-slow-access-risk-480387

Anyone feel like Rick was gaslighting us a bit in the Q&A during the corporate update? No layoffs huh? I know of several!!

Vz once again exposed.. highest Debt, missed Revenues and cuts jobs for cash flow.

Dan's strategy (aka) Race to Bottom

C Levels in Basking Ridge forming a Circle Pull!

Not because I want people to be laid off, but because I was hoping it would all be done today. Now we get more stress and anxiety as we wait for the next round or three.

This is my last week in Verizon (Europe). In some ways I am sad, as I will miss my colleagues that I have worked with for the last 25+ years. In other ways, I am happy, as I will not miss what has happened to Verizon and what it has become, especially with amount of staff who have already been let go and those that will be following soon. Good luck to those who have managed to survive the latest cull.

California Region Construction as previously known will now be managed out of HQ, but our VP of Construction & Engineering did not say anything about his position. Maybe 70% of the frontline construction NPM are gone after 12/31. All NPMs from some territories. For example, our team of 14, only 3 were not on this lay off call.

When you say you don't expect the majority of savings figure to come from staff reductions - We know you still mean 49% vs 51%. - We aren't stupid.

Also, F u-k you!

dropping like a rock. Not looking good.

For those of you who have been notified Is the whole "you can stay for two months" included in the severance or separate?

Layoffs just happened today..... this is horrible right before the holidays.

It won't be good, but how bad will it be?