#layoffs

Dow? Up. Nasdaq? Up. S&P? Up. Xrx? DOWN 6%... Xerox word salad no longer served with, "headwinds."

https://www.businessinsider.com/tech-jobs-getting-demolished-great-recession-dot-com-era-2026-3

Tech job market implosion has begun, and even before massive layoffs at Oracle and Meta.

Apollo (APO) & their insurance subsidiary Athene are big private credit players that are under liquidity pressure due to a market perception of increased credit risk resulting in a sharp decline in APO share price. This is important because AT&T off loaded some of their pension liabilities to Athene.

You could be at risk-PAY ATTENTION!!

Under the group annuity contracts, Athene made an irrevocable commitment and became solely responsible for paying the pension benefits of each transferred participant beginning with their August 2023 pension payments. The transaction did not change the amount of pension benefits payable.

The transaction covered approximately 96,000 AT&T participants and beneficiaries, and was funded directly by assets of the pension trust — requiring no cash or asset contributions by AT&T.

All European companies hire McKinsey to understand how they can run their business better. But McKinsey is not working for the benefit of these companies or Europe. McKinsey is working for the benefit of billionaires in the US.

Recently McKinsey asked Volkswagen to close 8 of their 10 German factories and lay off almost everyone.
https://www.spiegel.de/wirtschaft/unternehmen/volkswagen-mckinsey-soll-angeblich-schliessung-fast-aller-deutschen-werke-empfehlen-a-89c85f97-0964-40b0-ad5f-7163ea7c1925

McKinsey is also the reason why the executive board want to fire SAP employees. This entire narrative that SAP should fire almost everyone and replace them with AI comes from US billionaires through McKinsey.

My hot take is that SAP should fire McKinsey. It will save millions that we give them each year. And SAP should focus on innovation instead of using stupid US marketing and laying off employees and making customers angry. Christian Klein is only doing all this because he plans to join the McKinsey Germany board after he leaves SAP. And that's wrong.

Rewards are NOT learning experiences and more work... "Rewards" are actually paying employees and giving cost of living increases.

Calling it now, the ONLY people getting these "merit" increases will be leadership and sales peeps. Meanwhile the rest of us will stay stagnant and take on second and third jobs while we try and hunt for a new career in this dumpster fire of a job market.

Anyone else see the stocks that all the execs got? It's crazy that they are laying people off in different BUs, changing the variable comp goal posts, and bringing in McKenzie over and over and they still get that bonus. Are we all just happy with a job and .9 VC instead of demanding better? Feels like they are asking for unions with this BS.

At the last town hall they said layoffs were done and we had the right people in the right places. But more people were rif'd last week. Not sure what to believe.

Can anyone confirm/deny if there will be layoffs at the corporate HQ’s this upcoming month?

:(

Working in tech is such a reliable way to plan to raise a family, with long-term employment stability.

https://www.reuters.com/business/world-at-work/meta-planning-sweeping-layoffs-ai-costs-mount-2026-03-14/

NEW YORK/SAN FRANCISCO, March 13 (Reuters) - Meta (META.O), opens new tab is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as ‌Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.

Whether it’s true or not that the company must slash 50% of the workforce to survive, the number of employees has always boggled my mind. Where are all these people working, what groups, regions? Now we are 2x after the Lex acquisition, and it is even more of a mystery. Who has insight?

Is it true that the bank won't allow for a manager to write a recommendation for a former employee?
In my particular situation, I used the LinkedIn recommendation tool and requested one and that was the response I received.

I tried this because a former coworker of mine mentioned they asked for one and they had no problem in getting one. So I thought, well why not? Even my manager said to me when we said goodbye, that if I needed anything at all please reach out.
What else could they do to help besides give a recommendation etc.?

I almost feel they could if they wanted too they would, but for some reason, albeit a personal reason (though they would never admit) is causing them not too.

It hurts so bad to be told and thrown out of a job from someone you really went out of your way to assist on many occasions and gave praise and encouragement and built a meaningful relationship with business wise.

The fact because you're not able to travel the 3 days a week because you can't afford to get there was the only reason you didn't stay.

Its alarming when they stop speaking to you and delete you off all social media for no reason. Wont respond to you no matter what when attempting contact to see how they are doing.
You feel it's because of that (leaving on good terms, told to stay in contact, so what else could it be)?

I can speak for many I believe that a fully remote no questions asked option when we all came back from covid should have been a reality. This whole location strategy and layoff fiasco could all have been avoided had this happened:

For example **

option A: Full-time remote. There will always be enough people to fill the offices so I don't know why there is/was such heavy handed approach towards that.

Or option B Full office: Everything as usual for whoever wanted to go in.

Those are the only options that should have been presented after coming back. The choice should have been simple and permanent, everyone would have been happy and life could have continued on as intended. I'd still be working there, if they weren't so strict on wfh.

If an entire online retail sector is bleeding money and racking up consistent losses, why are we still pouring resources into it? Why can’t we let those employees go or redeploy that talent pool into areas where we actually make money?
Our prices are noticeably higher than the competition’s, and we’re a pharmacy company at heart. So why does anyone seriously believe we can go head-to-head with retail giants and win customers?

What are people expecting to happen in the coming months. With new CEO and next earnings call do you think there will be layoffs and changes.

Why hasn't the media said anything about the never ending layoffs? Why hasn't anyone spoken to the media?

Does a HR goon inform you, in-person or through email or zoom? If I get a layoff notice. I'm going to stop logging on to my laptop and waste my time reading or responding to emails.

:(

At this point I've heard fifty different versions about what's coming.

A lot of rumors have been flying around the office lately, though nothing sounds substantiated. I just can't figure out why layoffs talk suddenly picked up. If anyone knows anything, please share.

Reading my emails after a few days off and see we're supposed to support each other while our colleagues get laid off then an hour later a message asking us to donate to the Elevance PAC.

What phenomenal leadership.

And they'll have no better ideas than to cut the ranks and yet again diminish the customer experience.

Do we really think the company will lay off all merchant facing jobs and move to the Phillipines? How could we do that and still be an American company and publicly traded?

This is alarming to think we could lose our jobs just because cost is cheaper in a third world country. Is this what worldpay does? I heard they are closing most buildings down at the end of the year, except Cincinnati, Atlanta, Rochester, and Jacksonvill. Is that true? Thesis is scary times. 😢

Anyone knows latest on Dow’s restructuring 2026? This will surely impact Houston job market and those impacted by Shell’s own restructuring.

Nothing they do makes any sense. How long have they been keeping us on edge with the reorg and layoffs now? And through it all, they keep making these "strategic" moves - strategic, apparently, to someone who hasn't glanced at the news.

You hear it first here !

Intel has to lower its unstable chips to below $500 in order to compete as gold and oil prices shoot up all time high. Intel should have gone fabless 10 years ago as success AMD and NDVIA stories. You cannot afford to throw out 50% yield silicon in hope to lead the foundry without customers again at this moment.

Surrender unconditionally is only option to avoid massive stock dump and crash soon.

does anyone think a 3rd round of closings will happen?

Just trying to plan, just in case.

Who's to blame? Ten years ago, the idea of something like this happening to Saks would be laughed at. It takes especially incompetent leadership to bring us to this point. We're losing our jobs because of them. This makes me both so sad and angry. This could and should have been avoided.

Anything new on April layoffs at Western Union? There were so many rumors flying around, and then total silence. Not sure what to make of it.

It's sad that layoffs have become so commonplace that even this soon after the last round I'm already worried about what's coming next. At this point, the only way to regain some semblance of job security probably means finding a job somewhere else. This place has outlived its purpose.

It is no secret that Bank will have another round of layoffs in Q2, just by everything I’ve been hearing, end of April seems to be the target date.

Reading previous post on what happened back on Jan 28, don’t be in office that day, as you will be escorted out and laptop confiscated. Start taking certification courses NOW, because you won’t have access to Guild to register for more during the 60 day window. If you register now and do get impacted in a few weeks, USAA still has to cover the course(s). Send all your accomplishments, year end reviews and resume to your personal email, redeem all your recognition points because again you won’t have access to do it once they take your laptop.

More importantly, take your PTO, but use the floating holiday and volunteer hours first, as those are not paid out to you. With phase 2 of the “how we work” bank reorg, look to the person to your left and right, very good chance one of them will be impacted in the next 6-8 weeks.

I thought we were done? Is this a whole new batch or is this still from the announced 30k in January?

No layoffs before May? Is that correct?

Layoffs do happen often in this industry, but right now is especially bad for finding a new job. If you think there are layoffs coming start putting out the resumes and making connections now. I know people that have been looking for work for a year now, and they all say hiring is slow on the open market, and the best way to get a job is through your own network and making the right connections ahead of any layoffs. I am hearing stories of people applying for hundreds of jobs and not even getting a sniff of interest. If you have a good paying jobs with benefits keep it and start looking while you have a job. That has always been the advice people have given me, but it seems like it is more true now than ever. Good luck for those looking in this current environment.

It will only be hard for those getting let go. Many imposters have been brought in under DEI for a decade it’s ki-ling the company … let’s not fool ourselves here. Meta has a failing social media platform poor adoption by younger generation. Metaverse is just a creepy place for furies. Meta lost the AI race, lama and other platform just disappointing. When you go woke you go broke. everyone brought in under DEI must go. No more posting those cringe LinkedIn posts to the feed or day in life on TikTok. Time to grind by real masculine energy superstars. Good luck all

Three facilities are closing and 572 people are getting cut, all amid federal fraud case.

Layoff will take place by…

March 19 —- 23%
March 26 —- 34%
April 2 —- 72%
April 9 —- 94%