#layoffs

San Diego arts organizations are experiencing significant staff reductions due to ongoing financial difficulties. The Institute of Contemporary Art San Diego (ICA) recently laid off 42% of its staff, citing a growing budget deficit. Similarly, the San Diego Museum of Art (SDMA) also reduced its workforce by eleven employees in August. Former ICA employees have alleged financial mismanagement contributed to their layoffs and the organization's operational challenges. These cuts highlight a broader trend of funding struggles impacting arts institutions across the nation.

San Diego, California

https://www.kpbs.org/news/arts-culture/2026/09/03/san-diego-arts-organizations-cut-staff-due-to-funding-struggles-some-former-employees-claim-financial-mismanagement

Bet365 has confirmed the elimination of 340 positions across its global operations. This reduction represents approximately 3% of the company's total workforce. Increased regulatory and tax-related expenses are cited as primary drivers for these layoffs. The company is exploring options to mitigate the impact on affected employees. Bet365 is committed to supporting its staff through this transition.

https://next.io/news/people/bet365-confirms-340-layoffs/

A Thunder Bay tire recycling company is experiencing significant operational challenges due to a backlog in Ontario's tire recycling system. This has resulted in approximately 20,000 tires accumulating on their property, exceeding storage limits and leading to violations. Consequently, the business has been forced to lay off five employees over the past year. The owner is calling for changes to the provincial system, which she believes is affecting numerous businesses and communities. Load Queen Services is working to reduce its tire inventory while awaiting processing appointments.

Thunder Bay, Ontario

https://www.northernontariobusiness.com/industry-news/manufacturing/thunder-bay-tire-recycler-faces-backlog-and-layoffs-as-provincial-system-slows-12751471

They are back at it - 500 people are being cut. More outsourcing, the good old cookie cutter pattern - send jobs offshore and penny pinch. Execs are getting paid, patients and workers pay the price. It's so bad, and this has to stop at some time. It makes no sense the entire country is destroyed like this. Yeah, economy is good and more $$$ for the folks at the top meanwhile jobs are gone, good jobs are gone. Trinity is not the only one, the whole state has been hollowed out like this and it continues. Nobody says anything about it. It's good for China and India and the Philippines as jobs seem to be fleeing there and I am unsure how this is good for us.

FuturLab, the developer behind PowerWash Simulator, has confirmed layoffs and the cancellation of an unannounced game. The studio's CEO stated that the project was no longer financially viable. Up to seven employees were affected by these decisions. FuturLab is now focusing on supporting PowerWash Simulator 2 and developing new game concepts. The company declined to provide further details due to legal confidentiality.

United Kingdom

https://insider-gaming.com/futurlab-layoffs-cancels-development-project/

A recent video revealed that several Howard Stern Show employees have kept their jobs. At least nine staff members were shown to still be employed by the show. This comes after significant layoffs earlier in the year. Over fifty employees were let go in two rounds of cuts. The show is set to return with new episodes soon.

New York, NY

https://www.the-sun.com/entertainment/16968573/howard-stern-show-staffers-safe-layoffs-jd-gary/

The Trade Desk has implemented a global workforce reduction affecting approximately 15% of its employees. This restructuring follows recent reports of disappointing quarterly earnings and a decline in stock value. CEO Jeff Green described the move as a reallocation of resources, not a sign of financial distress. The company stated it has substantial cash reserves and no debt. Despite these changes, The Trade Desk aims to maintain its core vision and mission.

New York, NY

https://www.mediapost.com/publications/article/417692/trade-desk-layoffs-follow-disappointing-financial.html?edition=143774

New Jersey experienced a substantial increase in layoffs during the summer months. Nearly 4,500 job cuts were announced between June and August. This represents a significant rise compared to the previous summer. The total number of layoffs announced for 2026 has now reached nearly 13,000. These figures were reported to the state Department of Labor.

New Jersey

https://patch.com/new-jersey/across-nj/nj-layoffs-spike-nearly-4-500-job-cuts-summer

I was laid off in June and I’m on my third billing cycle for my family plan post-layoff and I’m still getting half off. Does anyone know when the employee discount ends? I was told two cycles but surprised it’s still there..

They hit our entire team today in IT. I’ve heard from numerous different people they were also affected (IT and non-IT). Anyone else seeing anything like this in your Orgs today?

Pharmaceutical giant Merck & Co. is implementing further job reductions, with 54 employees at its Rahway facility being laid off. These cuts are a component of a broader strategy to reduce expenses by $3 billion by 2027. The company previously announced similar workforce reductions earlier in the year. Savings generated from these measures are intended to fund the development of new products. The latest layoffs will occur in two stages in late 2026 and early 2027.

Rahway, New Jersey

https://www.nj.com/business/2026/09/nj-pharmaceutical-giant-cuts-54-more-jobs-as-3b-cost-cutting-plan-deepens.html

1. Rising Customer "Churn" From Price Hikes
   T-Mobile has aggressively rolled out what it calls a "rate plan modernization," which forced millions of legacy customers onto newer, more expensive 5G plans.

   • The Backlash: This move triggered significant customer anger, FCC complaints, and a major public relations headache regarding broken "lifetime price guarantees".
   • The Stock Impact: On T-Mobile's July earnings call, CFO Peter Osvaldik explicitly warned investors to expect "temporary elevated account churn" (customers canceling service) in Q3. Wall Street immediately panicked about losing subscribers and sent the stock plunging 11% in a single day.

2. Decelerating Growth & Intense Competition
   For years, T-Mobile outpaced AT&T and Verizon by being the high-growth "Un-carrier." That growth is hitting a wall.

   • Missed Revenue Targets: Despite strong profits, quarterly revenue missed Wall Street estimates. For the first time in a while, management failed to raise guidance across the board.
   • The Cable Threat: Traditional cable operators (like Spectrum and Comcast) are aggressively poaching price-conscious users with ultra-cheap bundled mobile plans, narrowing T-Mobile's competitive edge.

3. High-Level Executive Turnover
   Just as the company faces these growth obstacles, a major shakeup in corporate leadership has injected fresh uncertainty.

   • CFO Stepping Down: Longtime CFO Peter Osvaldik announced he is stepping down.
   • New Leadership: Jessica Uhl (former Shell CFO) is taking over. While she is highly experienced, any sudden leadership change creates institutional anxiety regarding future stock buybacks and capital allocation strategies.

4. Corporate Inside Selling
   Adding to investor caution, SEC disclosures revealed heavy insider selling. T-Mobile executives have quietly offloaded over $700 million in shares over recent cycles without making meaningful open-market purchases, which signaled to big institutional investors that insiders felt the stock was fully valued.

Is the Drop an Overreaction?
Many retail investors and analysts argue the market drastically overreacted. T-Mobile still raised its full-year free cash flow guidance to $18.4B–$18.8B and boasts stronger 5G infrastructure than its peers. Essentially, the stock "tanked" because Wall Street is punishing T-Mobile for transitioning from a hyper-growth tech company into a slower, mature telecom company.

#2 Kyndryl

https://insights.economistenterprise.com/projects/2026-top-100-global-most-loved-workplaces

No raises for anyone and still near the top of the list. Amazing.

Thoughts on what is happening in tech? Upcoming org changes, etc., any rumors of layoffs? Wondering the latest.

Cant wait to hear about the collapse of bny once they are done sh-----g on wfh staff and everyone else who actually shows up for works and not only does their job but actually knows it . Never heard of a company willing to shed people who can keep you successful for a bunch of lazy ba----ds we all see being hired now who have no interest in working at all

What a joke anyone that pushed back in BCS got let go or demoted. All the yes men moved to Dallas because they can’t get a job any where else. Any ideas are from AI. Just keep saying yes. Cuts coming huge in March- yes- yes- yes

Stock down almost 6%, in anticipation of a negative update?

this is KARMA. Next is Dow Jones 30, Nike can't justify for being there after results that they put last few years.

As all the S&P100 mutual funds and pension funds that follow S&P 100 strategy have to dump Nike and buy new member that has been selected. So stock might see selling pressure in near term. Not today but but near term any increase in price might get selling pressure.

As for me, I am doing fine with my retail shoe business with comfort shoes like Brooks, Hoka and Skechers. Skechers with their shoes in $60 to $75.00 range, they are doing real well and in auto pilot. Initially, I took a big hit since Nike was 60 percent of my sale.
But if Nike approached me and said that they will reopen me, I would answer by showing a universal sign of NO, my middle finger.

So all the people in this board that has been laid off or about to, I emphasize with you.

It was rough 1 year but my life is much better now then under Nike

Got rumors floating around of another VSPP coming, this one a bit more lucrative and clearly geared towards the older pensioners. It might be worth sailing off into the sunset.

For the younger folks, here's a little perspective from a 40+ year guy...

I was told since 2015 that copper is going away and fiber is the future; some people even joked I would be out of a job soon. Largely, they were correct. However, here I am recovering pairs and restoring service up until my service date end next year. If anyone lives in or around California, Oregon or Washington, they have agreements with the state to continue servicing copper for about 7 more years OR at least provide some sort of support as part of the deal with Forged Fiber. If you live in those areas you still have some time left to get your overtime, stack your bank account and start looking for work elsewhere.

I urge you to STRONGLY consider getting into some trade work while you have the money to pay for it. Don't let these years pass by and pull the rug out from under you. I'm told by my buddies in the PNW that they are actively backfilling I&R, cable and CDT spots. Jump on it, make your money and split.

Best of luck. I'll be watching the forest fire on a boat with a beer!

The next wave will likely be end of October which will land around the Q3 earnings call. Followed by early Jan or late Feb ahead of Q1 close.

Pretty much follows Enrique’s playbook from HP. He executed RIF in waves. We still have about 1B to go on cost savings. Saved about 400M so far.

At this point, we’re basically a skeleton crew trying to keep everything moving while picking up the work left behind by the people who left.

The interesting thing is, the workload doesn’t leave when the people do. It just gets redistributed to the ones who are still here. One person takes on a little more, then a little more, and before you know it, everyone is doing two or three jobs just to keep things from falling apart.

And of course, there always seems to be plenty of movement at the top too. New responsibilities, new things to oversee, new priorities… while the people on the ground quietly keep absorbing the actual work.

If you stayed, just remember to protect your time, your energy, and your sanity. Loyalty is great, but it shouldn’t come at the expense of your well-being.

At the end of the day, I guess we’ll see how this new structure works out for everyone.

I have been hearing about this turnaround for months yet we’re doing nothing different except laying off a few hundred people. What are we doing? Any new products/services?

Dear Takis,

Many hardworking knowledgeable employees have quit due to remote work options. Some of the “special” people are allowed to work remote and move all over the country. So much for one Fiserv. The rest of the knowledge base is being laid off. Why don’t you remove some of the layers of VPs instead?
You are replacing qualified Americans with lower cost H1Bs. We are getting what you paid for… no knowledge garbage.

Please clean up the mess and make Fiserv great again.

Sincerely,

Your humble fiservants

I am pretty sure there is something in the rebadging contract which is making to get delayed . Is the vendor not okay to rebadge all or want everyone as individual contributor or what is the expectation? We are making a guess of Deloitte vs HCL vs Infosys vs bla bla but are the vendors ready to accept everyone or they just need 50 percent of current headcount and rest will be fired ?
The level of anxiety is too high such that any person who is in loan repayment or in debt trap , it is such a huge mental stress . I know it is simple to say , try outside but considering the current market condition , getting a job is not that easy as it was early especially when the hiring companies are clearly segregating, this resume is from VZ

When all this company worries about if offshoring jobs to save a buck and push their AI (All India) initiative.

What a joke!

Humana said on its July 29, 2026 earnings call that 2027 plan exits will affect “approximately 600,000 members” and that “the majority of the plan exits were in plans with three and a half or lower ratings.” CFO Celeste Mellet described the strategy as cutting off “the lower tail of profitability.”

So, instead of trying to fix whatever it was that got dinged and caused Humana to lose Stars ratings from CMS, instead Humana just simply drips those plans where they were failing, so their overall ratings go up and then take their ball in go home. Sounds like a quitter mentality. And besides, who does it hurt? Oh wait, that’s right! It hurts our members!

I wonder if next our school system will allow kids to simply throw out any failing or bad test scores or bad grades, so as to raise up their overall grade.

Layoffs went from being an occasional thing, to being once or twice a year, to being a quarterly thing, and we're now at basically monthly layoffs. What's next? Weekly? Daily? Why don't they just lay all of us off right now and put us out of our misery once and for all?

Good luck, everyone. This week is going to be a challenging one. I sincerely hope that all the hardworking and dedicated employees make it through this round of layoffs.

Kiewit Technology Group is in a downward spiral. The latest layoffs follow the major cuts from November 2024, making it clear the organization is unstable and still trimming aggressively. The continued push to offshore work signals that domestic technical roles are being devalued and phased out.

Despite Kiewit’s massive backlog, KTG is choosing to reduce investment in its own people. Anyone considering a role there should understand the environment is volatile, morale is low, and long‑term job security is questionable.

CJ Logistics America is shutting down its University Park facility this fall. This closure will result in the layoff of 89 employees. The job cuts will occur in stages starting in September and continuing through October. The company did not respond to inquiries about the closure. This action impacts workers at the Illinois site.

University Park, Illinois

https://www.pjstar.com/story/business/employment/2026/09/03/logistics-company-announces-nearly-90-illinois-workers-face-layoffs/91569072007/

Stockton Truss LLC has announced significant job reductions. The company filed a WARN notice detailing the layoffs. Sixty-five employees will be permanently terminated by mid-October. This action impacts workers at their Stockton facility. The company manufactures trusses for various construction projects.

Stockton, California

https://www.recordnet.com/story/business/employment/2026/09/03/stockton-truss-llc-layoffs-65-employees-losing-jobs-by-mid-october/91514130007/

Six Arizona companies initiated mass layoffs during August, impacting approximately 1,639 individuals. The most significant contributor to these job losses was Salad and Go, which ceased all operations. This restaurant chain employed around 1,300 people before its sudden closure. The article details the economic impact of these widespread workforce reductions across the state. Further analysis of the affected sectors is ongoing.

Arizona

https://www.azcentral.com/story/money/jobs-economy/2026/09/02/arizona-august-mass-layoffs-slashed-1600-jobs/91564398007/

Tela Bio is reducing its workforce by 41 employees as part of a new CEO's $17 million cost-saving initiative. This restructuring will decrease the company's full-time staff from 201 to 160 individuals. The company anticipates these changes will lower annual operating expenses by approximately 18 percent. These moves come as the medical technology firm reported increased revenue but a wider net loss. The new CEO, Heather Getz, aims to create a more efficient organization for long-term growth.

Malvern, Pennsylvania

https://vista.today/2026/09/tela-bio-malvern-layoffs/

Jerith Manufacturing LLC is closing its Philadelphia plant due to a significant lease cost increase. The company cited that rent is expected to triple, making operations at the current location economically impractical. This closure will result in the layoff of sixty-one employees. Some operations will transfer to a new East Coast Shared Service Center in New Jersey. A portion of the manufacturing work will also move to an existing facility in Tulsa, Oklahoma.

Philadelphia, Pennsylvania

https://www.pennlive.com/business/2026/09/economically-impractical-pa-plant-to-close-after-company-said-rent-was-about-to-triple.html

Campbell's Company has reduced its salaried workforce by approximately 13% through a combination of voluntary early retirement and layoffs. These actions are part of a broader strategy to improve financial performance and reduce costs. The company is facing challenges due to inflation and declining sales, particularly in its snack division. Management aims to achieve $500 million in cost reductions by 2030. This workforce reduction is intended to enhance speed, accountability, and profitability.

Camden, New Jersey

https://whyy.org/articles/campbells-workforce-reduction/

Brink Forest Products is significantly reducing its workforce at its Prince George facility. Approximately 55 jobs will be eliminated, bringing the staff down to around 30 employees. This move is attributed to mounting industry pressures, including fiber supply issues and escalating trade costs. The company has faced substantial job losses across its operations this year. These layoffs highlight the ongoing strain on the forestry sector.

Prince George, British Columbia

https://ckpgtoday.ca/2026/09/04/brink-forest-products-to-cut-prince-george-workforce-as-industry-pressures-mount/

Chicago is confronting an $882.4 million budget deficit for the upcoming year. Mayor Brandon Johnson attributes the shortfall to past financial mismanagement and City Council opposition. The city is exploring a combination of spending cuts, efficiency improvements, and new revenue streams. Potential measures include layoffs and tax increases, though the mayor hopes to avoid cuts to essential services. City Council friction and recent credit downgrades add to the fiscal challenges.

Chicago, Illinois

https://hoodline.com/2026/09/chicago-faces-882-million-budget-gap-johnson-won-t-rule-out-layoffs-or-tax-hikes/

Trinity Health is implementing significant workforce reductions, impacting 557 employees in Livonia. These layoffs are a direct result of the organization's decision to outsource its information and technology services. The affected positions span various IT roles, with "Service Desk Support I" seeing the largest number of eliminations. This move follows an earlier announcement in June regarding a strategic shift in IT service delivery. The company cited the accelerating pace and complexity of healthcare technology as a reason for partnering with an external provider.

Livonia, Michigan

https://www.wxyz.com/news/trinity-health-laying-off-557-workers-in-livonia-after-outsourcing-it-services

Uber is implementing a significant workforce reduction, impacting over 300 employees in its Chicago office. This move is part of a broader company-wide effort to decrease its overall headcount by 10%. The decision stems from a desire to simplify organizational structures and improve efficiency. CEO Dara Khosrowshahi communicated these changes to staff, citing the need to address complexity that has arisen with the company's growth. The layoffs are officially categorized as a "mass layoff" according to a WARN Act notice.

Chicago, Illinois

https://www.nbcchicago.com/news/local/more-than-300-chicago-uber-employees-cut-in-mass-layoff/3984895/