#layoffs

Notified today early AM after break, started off as a quick meeting invite. Myself and the my team were let go. A large number of us in LMS. Good luck . I am in shock.

Global financial institution Barclays is eliminating 5,000 positions as it integrates artificial intelligence into its operations. This move represents approximately 5% of its total global workforce. Concurrently, Australian bank Westpac is also reducing its staff by around 250 roles this month. Westpac attributes these job losses to evolving investment priorities and changing customer needs, not AI implementation. These announcements follow similar large-scale layoffs at other major Australian banks like NAB.

https://www.nine.com.au/world-news/global-bank-slashes-5000-jobs-layoffs-continue-at-aussie-lenders-20261023-p617z3.html

A Pennsylvania company will lay off 48 employees due to a recent Supreme Court ruling. The ruling declared skill games illegal in the state, impacting Republic Amusements' operations. These layoffs are expected to be permanent and affect various roles within the company. The company supplies equipment to numerous small businesses across Pennsylvania. This decision follows a legal challenge that classified skill games as illegal gambling devices.

Camp Hill, Pennsylvania

https://www.cpbj.com/central-pa-company-announces-mass-layoff/

On our Home Lending Underwriting town hall as we go over a business update. Pretty clear signs that consumer underwriting is heavily over staffed. Cost per loan is up, utilization is down, fundings per Uw is down, and market forecasts flat to down in the next 3 years.

Tell me layoffs are coming without directly saying it

Eugene 4J school board members have unanimously approved a plan to address a significant budget deficit. The superintendent's proposal aims to close a projected $30 million to $35 million gap for the upcoming fiscal year. This financial strategy is expected to involve layoffs for both teachers and other district employees. Declining enrollment and uncertainty surrounding state funding are key factors contributing to the deficit. The district is implementing a phased approach to reductions, starting with non-student-facing roles.

Eugene, Oregon

https://kval.com/news/local/eugene-4j-board-oks-superintendents-plan-to-address-30m-35m-deficit-layoffs

Volvo Cars is implementing significant job cuts, eliminating 2,500 positions worldwide to address mounting financial pressures. The automaker is also targeting substantial savings from indirect and variable costs by the end of 2027. These measures come as the company faces weaker demand, increased competition, and a substantial third-quarter loss. Revenue in China has also seen a sharp decline, contributing to the company's financial challenges. This follows a previous round of job reductions announced in 2025.

https://www.storyboard18.com/brand-marketing/volvo-cars-layoffs-automaker-to-cut-2500-jobs-worldwide-113237.htm

E. W. Scripps CEO Adam Symson is defending recent layoffs and newsroom restructuring, citing early positive signs in viewing hours and engagement. He highlighted a 23 percent increase in total viewing hours on 24-hour online streams and an additional ten minutes of viewing time per viewer. Four initial markets reportedly saw nearly 70 percent average growth in viewing hours after eight weeks. Symson acknowledged these gains stem from small initial audiences but indicated growing engagement. The company faces significant debt and is continuing operational changes.

Cincinnati, Ohio

https://thedesk.net/2026/10/scripps-ceo-defends-layoffs-newsroom-restructuring/

Tulsa County is undergoing a departmental restructuring to improve efficiency and save taxpayer funds. This reorganization includes layoffs within the highway department, with efforts underway to reassign affected employees. The county is also consolidating planning and zoning services for unincorporated areas. Additionally, Greenheck Group plans a significant expansion of its manufacturing operations. This expansion is projected to create up to 1,400 new jobs over the next decade.

Tulsa, Oklahoma

https://www.newson6.com/tulsa-oklahoma-news/tulsa-county-highway-department-restructuring-greenheck-expansion-jobs

I’ve been with the company for over 10 years. I came into my position several years ago and was doing quite well. I lost my manager as a result of Temu closing the Denver office while she was at the Olympics or Wimbledon. Then all of a sudden I’m told I’m making mistakes. It’s been a year now, and that’s all I keep hearing, though I successfully complete my work. The only thing that’s changed is the management team. It feels I’m getting pushed out, and honestly have to say, both my mental and physical health have suffered as a result of it. I read lots of posts on here people who’ve left and are better for it. When compared to this place, I think the grass is greener and healthier.

I heard through the grapevine there is going to be a pretty big shakeup mostly impacting CSMs for 2027. Does anyone have any information on this? Athena just invested so much on bulk hiring CSMs for their swing inaitivie.

It was a slap in the face to see the Forrester exec team issue share buy backs funded by laying off of a significant chunk of its workforce. When you look at how the exec team is compensated, this move really shows its priorities. Would be curious to hear other's opinions.

Just wondering what’s out there today for chatter or if anyone else has heard anything or been let go? It’s so quiet and it is hard going into the weekend like this just waiting.

Here we go again...

Nothing says "strategic success" like shipping jobs overseas while clients complain louder every quarter.

Why does BNY leadership treat every role moved to Pune or Wroclaw like a championship victory?

-- Cheaper labor? Applause.
-- Lower payroll costs? Standing ovation.
-- Another "efficiency" milestone? Bravo! Release the trained harbor seals.

Meanwhile, service deteriorates, experienced employees leave, and decades of institutional knowledge disappear. Yet none of that seems to matter as long as this quarter's spreadsheet looks good and more legacy workers are shown the door.

The real irony is watching outsiders cheer it on. Investors get a short-term bump, executives collect bonuses, and consultants sell another transformation story.

Everyone celebrates the savings while ignoring the slow erosion of client trust, service quality, and workforce experience.

So here’s the question… Is BNY's future really built on the promise of AI, continued offshoring, and the ongoing practice of replacing legacy workers, particularly those over 40?

The answer has to consider the fact that a bank's greatest assets aren't cheap labor and PowerPoint slides. They're expertise, relationships, and reputation, right?!

The real tragedy isn't that RV and company can't see the iceberg. It's that they're still calling the collision a success and celebrating it over and over with the same haughty arrogance.

Anyone in Internal Technical Support, in the CXSO sector impacted by layoffs?

NTNX will hit $10 again company will be forced to cut employees and sell

They are not able to sustain or compete

Sh-t place soon

They are literally ki-ling with unwanted questions in the name of customers and customers really don’t care about this company

Soon this company will be sh-t place

They are closing San Jose division early next year

My supervisor said we weren’t losing any headcount in our maintenance department, I’m not sure how he knows this already but that’s disappointing I’m looking to leave

The split hasn't even hit yet and I personally know 8 people that have lost their jobs. They haven't even done the first "wave" off mass cuts that are planned before new year but they are cutting at staggering numbers already. Nothing makes sense. And they said there's going to be second major wave around March before summer. Its already a massive wave and theyre acting like nothings happening.

In the last 48 hrs this board went from people sharing and looking for real info to remote vs. office and sales vs. ops. Meanwhile leadership is reading this over drinks at the Four Seasons with McKinsey, laughing.

We argue over BS while they make their moves.

Pathetic

What if every terminated Comcast employee, as a result of this unprecedented round of layoffs, refused to use any of Comcast services once terminated? Part of this has got to be for that bump in stock price that all the soul-less tech companies are doing/have done. How much of an impact to you think it would have? Let's say of the 180k workforce they lost 100k of subscribers in the month of Nov? (Arbitrary numbers folks, no insider info into the actual amount of layoffs.)

In my daily New Jobs for You Alert there are around 20 Dir, Sr Dir, ED H roles listed. Any one know what that is about? Are those roles that impacted employees now need to battle for a position?
Just seemed odd....

Commercial Mortgage Alert reports that W&D has implemented workforce reductions. The article details recent personnel changes within the commercial real estate sector. It mentions Berkadia appointing a new multifamily bond trader. Other industry professionals are also noted to be changing roles. This news comes from Commercial Mortgage Alert's weekly roundup.

https://greenstreetnews.com/article/the-grapevine-layoffs-hit-wd-berkadia-names-multifamily-bond-trader-more/

A new "Seed-to-Sale" tracking system in New Mexico has created significant problems for the ca--abis industry. The transition from the old Biotrack System to the new platform in September caused widespread disruption. Businesses faced a crisis with data reconciliation and a lack of an active system for several days. This disruption led to increased manual data entry and labor costs for operators. Some companies were forced to implement layoffs to remain solvent during the transition period.

Santa Fe, New Mexico

https://www.mmjdaily.com/article/9885798/new-mexico-seed-to-sale-system-drew-layoffs-and-data-errors-industry-leaders-tell-lawmakers/

A recent court decision has prevented the shutdown of a critical ethylene pipeline, thereby averting hundreds of potential layoffs at a Westlake Chemical facility. The ruling came after a dispute over pipeline easements, where one company sought to halt operations of a neighboring pipeline. Attorneys for Westlake argued that the pipeline's closure would cause significant economic harm and lead to immediate job losses. The judge ultimately found that the plaintiff failed to demonstrate any actual harm caused by the pipeline's operation. This decision ensures the continued operation of the pipeline and the stability of the Longview area's chemical industry.

https://marshallnewsmessenger.com/2026/10/23/ruling-prevents-pipeline-shutdown-and-hundreds-of-layoffs-at-westlake-facility-in-harrison-county/

Lufkin, Texas

Faculty at Commonwealth University are urging administration and state officials to halt planned layoffs. The university faces a significant recurring deficit, potentially leading to the dismissal of up to 175 employees. While initial estimates suggested 75 faculty layoffs, union representatives report that around 114 notices are being issued. Professors express concerns about the impact on academic programs and local communities. The faculty union is requesting emergency state funding and collaborative discussions to find alternative solutions.

https://radio.wpsu.org/2026-10-22/commonwealth-university-faculty-call-on-administration-state-lawmakers-to-prevent-planned-layoffs

The University of Maine is implementing a plan to reduce its projected nonacademic budget deficit by $6 million. This initiative involves cutting expenses through unspecified layoffs, shorter employee appointments, and eliminating vacancies. Additionally, the university aims to consolidate research centers and increase revenue by $1 million. These measures are part of a larger effort to address an estimated $19 million deficit for the upcoming fiscal year. Leaders are aggressively pursuing options to minimize the impact of layoffs.

Orono, Maine

https://www.highereddive.com/news/university-of-maine-eyes-6m-in-budget-cuts-including-layoffs/833788/

Automattic has initiated layoffs impacting its communications, social media, WordPress.com, and VIP enterprise business units. These cuts follow a period of significant leadership changes and internal disputes within the company. Further reductions are anticipated in the coming months as the company navigates financial considerations. The exact number of employees affected by these layoffs has not been disclosed. This restructuring occurs amidst broader organizational uncertainty.

https://www.peoplematters.in/news/strategic-hr/automattic-layoffs-hit-four-teams-as-wordpresscom-parent-braces-for-more-cuts-52877

TikTok significantly increased its Bellevue workforce to 2,200 employees in 2025, a 30% rise from the previous year. This growth occurred despite two rounds of layoffs impacting approximately 140 local employees, primarily from the TikTok Shop division. The company has also consolidated its office space, moving into Lincoln Square North while reducing its footprint at Key Center. This expansion solidifies TikTok as a major employer in downtown Bellevue, even as other tech companies in the area have announced job reductions. The company continues to post numerous open positions, suggesting further growth in its Bellevue operations.

Bellevue, Washington

https://downtownbellevue.com/2026/10/22/tiktok-bellevue-workforce-2200-employees/

Templeton voters have authorized the use of $1.2 million from the town's stabilization fund. This decision aims to support the fiscal year 2027 operating budget. The approval came after residents rejected a Proposition 2½ override. Article 2 passed with a significant majority at a special Town Meeting. This action will help avoid further layoffs and service reductions.

Templeton, MA

https://www.thegardnernews.com/story/news/local/2026/10/22/templeton-mass-town-meeting-money-fy27-budget-avoid-layoffs/92379358007/

Canada's Industry Minister has issued a 15-day ultimatum to Cleveland-Cliffs, the owner of Stelco, to reverse recent layoffs. The minister asserts the company is violating commitments made under the Investment Canada Act. Failure to comply could result in legal action, including potential court-ordered penalties or divestment. Cleveland-Cliffs claims the layoffs are necessary due to U.S. tariffs, a justification the government rejects. The minister emphasizes that contractual commitments to Canada are not optional.

Hamilton, Ontario

https://www.cbc.ca/news/politics/ottawa-stelco-letter-9.7391427

The food and beverage industry experienced a significant increase in layoffs during 2026. Nearly 30,000 jobs were eliminated by September, representing a 76% rise compared to the previous year. This surge is attributed to declining consumer spending and evolving eating habits. Major companies like Tyson Foods, Nestlé, Guinness, and PepsiCo have announced facility closures and workforce reductions. These actions are often cited as necessary steps to streamline operations and focus on growth areas.

https://www.fooddive.com/news/food-beverage-industry-layoffs-closures-increase/833710/

We need to get rid of all the paper pushers, PowerPoint warriors, all the useless managers with less than a handful of people to manage, and so many more. Give us layoffs! Just make sure to get rid of the right people for once.

Goldman Sachs economists forecast that artificial intelligence could displace approximately one in eleven workers in the U.S. This displacement is expected to accelerate during economic slowdowns rather than immediate recessions. Historical data shows that automation-related job losses are cyclical, intensifying when the economy weakens. Companies tend to restructure and reduce labor costs during downturns, a pattern observed across decades of technological shifts. Therefore, significant AI-driven layoffs are anticipated to coincide with future recessions.

New York, NY

https://fortune.com/2026/10/22/goldman-sachs-forecast-how-many-jobs-lost-to-ai-9-percent/

The reported pending reduction in force this is not something new in cable tv world. For those of us who have been around for a while, TCI did a massive reduction in force in 1996. Due to many of the things that I read on this board, lack of vision and reality by senior HQ management (Thank you Barry Marshall) sinking stock prices and the like. It just seems history has a way of repeating itself. Fortunately cable was still young at that point. we still had digital tv, vod, hsd, phone, wireless and security ahead of us with lots of opportunity for growth. And grow we did. Unfortunately I have yet to see what the next big thing is for cable to grow with. Just an old retired person's two cents!

Nielsen lost the TV business in New Zealand, so the office will be closed with a year by end of the current contract. All non US TV markets are sentenced to die within the next year or two, unless they sell the business, if there is any buyer!

I called $125 on this site in May. I have reinforced that position on my call several times since then. And, here we are: $125.54 at the close - before 11/1.

The next earnings call will set the tone going forward. Eiher we have hit a stabilization period or entered a continued era and a slide into bankruptcy and restructuring. What's more the 'traditional software business' especially in the old GIU's is under sverve competitive attack. Those businesses will die and be replaced over the next 5 years.

Political favoritisim, escorting key talent out of the building, and lack of market and domain understanding have served you well. Pure stupidity and a complete failure of leadership at almost every level.

Well done Oracle - Well done indeed.

Good morning Waters family! Umm what the fu-k am I saying? We are but only numbers to the people in charge!
You may think the waters experience can be grating, annoying, and downright depressing at times but let me enlighten you, all vendors are one inbred dysfunctional family!

Now I have wanted to jump ship from here lately and I have called my colleagues who have gone to the dark side. They tell me

The good!

Better pay. If that’s all you care about go on!

The bad!

Worse politics than here!
Elitist management clueless directors and senior directors who want to own you, and will never promote you
Cultish behavior to be lean!
Leadership is absolute trash!

I bet a lot of Verizon employees don’t know that the I2B channel just laid off all of its directors and about 34% of its account managers. Just an FYI.