#layoffs

I heard 1/3 of DMS is being moved to IFG, 1/3 to member services and 1/3 are being cut. Is that true? Does that make sense? Why would they do that?

I swear I am. I cannot take this psychological torture anymore. People are not built to carry this much stress day after day. At this point, I would almost rather be laid off. I know jobs are scarce, but I would rather stay sane and search for something else for a while than slowly lose my mind here.

Oxy cuts when oil prices are down, when they are up, when results are bad, and even when they are good. Basically, it can happen at any time. It is best to always expect layoffs here.

I've lost count, but the last time I checked I was above 300 applications, which still feels surreal to say out loud. I’m applying to roles I’m genuinely qualified for, the kind where my background, skills, and experience should line up, yet the response has mostly been silence. To say this makes potential layoffs scarier would be an understatement.

We have so many useless managers, and levels of managers at that. Let's clean that up and see what happens.

We know we're being replaced by actual people. As if it matters who or what takes my job. The outcome is the same - I'll be unemployed.

Year on Year Record Corporate Profits no longer translates to job creation but rather job elimination.

If results are good, they will layoff after a week so more stock price will up. If results bad they can fire on Monday. But oim request revocation far fetched

People are talking about layoffs, some seem to be convinced something is coming. Does anybody here know anything?

You love to see it.

https://nypost.com/2026/03/07/business/wall-street-executives-say-morgan-stanleys-latest-layoffs-caused-by-ai-sources/

This is the weirdest spot to be in. I actually enjoy what I do and the people I do it with. But the layoffs keep coming and they keep taking the best people. Every quarter I do the math. Who's left? Who went? Will it be me next time? I know the market is brutal out there so I'm trying to line something up. I'd rather leave on my own than wait for the tap on the shoulder.

Keep cutting staff, squeeze the remaining people harder, and use fear to keep everyone in line. That's the strategy here. They're not even attempting to hide it anymore. Deadlines are tighter and tighter, expectations are higher, and there's always the unspoken warning about what happens if you push back. This is just how Wells Fargo operates these days.

There've been some rumors, but I'm hoping it's just talk.

Anything major expected next week? Any leftovers they haven't dealt with yet?

A post was made of: “Using the same tools.. a dev shouldn’t be building a system using xyz tools and another dev building with abc tools. Reduce the amount of redundant tools”

The problem is that someone up top needs to show growth and innovation, a year end bullet point is needed. Some vendor takes them to lunch and shows them a pamphlet of their product. The next thing you know a “high valued important product has been purchased for the company to do ”, but wait it gets better.

They then goal, or force, MD’s an their reports to use new and improved said tool. After a few months of this enforcement, it’s hailed as a gleaming success. It doesn’t matter if there’s other tools being used already that does the same thing…this is new, but wait it gets better.

Often times, its realized that either:
a.) the new tool does not scale up
b.) the new tool is too expensive on the licensing renewals.
c.) the new tool does exactly what the read pamphlet says, to a point. Yes, it inventories all your servers……but not vm’s for example, you shoulda read the fine print. Remember that old chestnut.

Over time the newly purchased tool is either partially used and\or is forgotten about.
Lesson learned? NOPE! Rinse, repeat. So long as these up top decision makers, these stellar shot callers keep thinking like this and fall for the over the top sales pitch, it’ll never change. All that you need to do is take Bob out to lunch at a fancy restaurant, tell him he’s awesome to boost his ego and the sale of the new tool to Citi is as good as done.

It’s all ok though, we can just lay more people off to pay for it, right?

Nothing coming Monday, you are welcome. Go back to bed.

This company lays off folks all the time. No reason other than the company isn't meeting their targets. Management team has no loyalty at all to long time, good employees. Even half the HR team including the CPO was canned recently.

And don't get me started. There are no merit increases. And they give you a 401k match but it's funded only once a year. In September 2025 you get your 2024 match. Cool, huh?

The best leaders of the last 10 years have been laid off.

All these latest posts and comments about layoffs this Monday, which divisions or regions are being affected?

What happened? Only commenting in this forum since I keep hearing about layoffs...unfortunate.

Verizon layoffs to hit 15,000 roles in 2026 as automation takes over https://share.google/AJuhG51e9EFToXk0E

I can't keep myself occupied enough with anything to ease the anxiety I feel. A completely sh---y weekend. I hope beyond hope to get to keep the job, because everything is as it is at the moment.

It's okay to be wrecked by a layoff. When I got cut from my previous company, people told me to just move on. Sc--w that. It hurts. That job was my routine, my purpose. You're allowed to be upset. Anyone who says otherwise hasn't been through it.

SK On laid off nearly 1,000 workers. The layoffs occurred at its Georgia battery plant. The decision stems from slowing electric vehicle demand. This reduction affects about 37 percent of the plant's workforce. The company cited restructuring efforts and market conditions.

https://hr.economictimes.indiatimes.com/news/workplace-4-0/talent-management/sk-on-lays-off-nearly-1000-workers-at-us-battery-plant-amid-ev-slowdown/129202614

chat are we cooked??

Chicago, Las Vegas, Honolulu, Tysons Corner, and South Coast Plaza are all top tier locations with lots of foot traffic in the mall and surrounding areas, if these locations are closing, I eventually see all locations going under. Please, if you count on Saks or Neiman's as your main source of income, start looking for a new job, I'm so sad for all the wonderful people I worked in the 24 years I was at Neiman's. Times are changing and not for the better. God bless everyone at Saks and Neiman's stores.

First we got a WFR announcement. Then a CEO resignation. Now a bunch of site closures.

What else can we expect of a dying company?

Fire the tech mod and other creatures that only increase bureaucracy and create the appearance of savings.

This week, management informed over 200 people including managers, supervisors and leads that they are planning to offshore all of our home mortgage loan roles to India. Not sure how you can call yourself U.S. Bank when more and more employees are not located in the U.S. scary to think everyone’s personal data will be available to non-US residents. I’m sure our lenders and borrowers will be ecstatic to hear this (they clearly don’t want this to be brought to their attention since we were told multiple times what to do if media encounters us). It’s very sad to see so many employees and leaders all being kept in the dark. Thank you to our fearless ceo Gunjan and shareholders 🙄

I'm hearing of another large wave of layoffs that were announced this week (also confirmed by LinkedIn posts). It looks like it might be hitting BID and maybe the Carlsbad site in particular. Can anyone provide more detail on who was impacted?

If BCG has been in already, Mgmt knows where they are cutting. Its if it when...

If BCG, was in . Mgmt already knows where it’s cutting …

A few questions regarding 3M's mascot, Scotty: Who watches him all day? What does it cost to have people watch him? Where does he go at night? How much did it cost to trademark his name: The Science Lab? How much time and money went into this decision (legal, PR cost, etc) to acquire him? Was he a rescue dog/puppy mill/legitimate breeder?
Is there any chance he will get laid off or spun-off?
Maybe a better mascot would be a black widow spider or a preying mantis, you know, one's that eat their own.

Directors that say yes to every request from VPs no matter how ridiculous or last minute the ask continue to survive. They have their head so far up the VPs a$$ hoping to advance their own career with no regard to their team. Truly a good ole boys club at that level. At the end of the day every employee is just a number with a salary that will be the deciding factor in the next round of layoffs. No amount of extra effort will be taken in to consideration, so take your PTO and enjoy time with friends and family.

QA, DevOps, Internal projects are going to be affected massively. In India, there will be heavy layoff at management level (VP, Director)

I'm not seeing this in a post. If you already have the $2000.00 in stock and are laid off will you still have it or do you need to bank actively employed for tge 2 year waiting period. I'm on medical leave and don't have access to Worday. They cut my access as usual. I feel once I'm actively employed I'm going to be laid off. TIA

BB seems to lose money by tearing things down to rebuild them. In 2021, he bought a $7M house on a Florida golf course and demolished it, building a new multi-million dollar home in its place. In the meantime, he bought a $4.1M condo to live in, which he dropped a ton of money into renovating, and sold it for $3.1M to move into his newly built home. Wasting money tearing things down - is what he's doing to 3M?