#layoffs

St. Louis Mayor Cara Spencer warned about a proposed police budget. She stated it could severely impact city services. The mayor also indicated it might lead to layoffs in other departments. The St. Louis Board of Police Commissioners approved the budget estimate. Mayor Spencer cast the only dissenting vote during the meeting.

https://www.ksdk.com/article/news/local/business-journal/st-louis-mayor-warns-police-budget-could-decimate-city-services-force-layoffs/63-0ee3b4df-d6f6-433d-8096-d74701eadd0c

State Farm just announced it made $24 Billion dollars last year and is going to pay $5 Billion in dividends. Most in history! State Farm is a Mutual Company and should never ever ever never make that much money. They have the best actuaries and investment people and know exactly what they are doing. That means they have been robbing people blind. Remember that the next time they tell you to do more with less or we don't have any money in the budget for staffing. I can only imagine what kind of bonuses the Executives are going get. Just like the rest of Corporate America destroying this nation. Sc-m of the earth trash!

Treasury yields are declining amid signs that U.S. employers are retaining workers. Weekly jobless claims rose to 212,000. This figure was below economists' expectations of 215,000. The 10-year yield fell to 4.039%. The two-year yield also declined to 3.467%.

https://www.barrons.com/livecoverage/stock-market-news-today-022626/card/treasury-yields-decline-as-u-s-layoffs-remain-elusive-cQ7S9mWF9puLUqEWI92p?modCode=hp_LEDE_C_LC_1&gaa_at=eafs&gaa_n=AWEtsqfX_YIfuQa5Ca5WG66rFZPUG1GRxm3INy6W67CZxMQh_p4H5zygHiXo&gaa_ts=69a07f82&gaa_sig=6nxh6zbqGCOF--T1eFe4jomaRmICcFXe6MD1Gnl8i161uhSOt64UD1BPzRoxB9FxA5-KB3cb4POt5V7cTR-sEQ%3D%3D

Macy's announced plans to eliminate 79 jobs across New Jersey. These layoffs will affect employees in fragrance, fine jewelry, and cosmetic sales. Cosmetic beauty merchandisers and brand experts are also impacted by the cuts. This action is part of the company's ongoing restructuring and turnaround program. Macy's is offering severance and transition support to affected staff.

https://www.courierpostonline.com/story/money/business/2026/02/26/macys-layoffs-nj-fragrance-cosmetics-new-jersey-stores-cherry-hill-deptford-mays-landing-mall/88860828007/

Anyone get their goals? Why are there so many? This isn’t manageable. I don’t get what any of them have to do with me. Create 10% digital employees, reduce night shift by 75%. Um I don’t have staff, and I don’t work night shift. I’m assuming night shift is Pune and we only have 1 person. How is 75% reduction possible and why do I care? I’m already doing their work. You already took my staff and gave them to Pune. D-mbest firm ever! I guess they are gearing up for another 10% layoff!

Or are we enjoying a well-deserved break right now?

Legends Hospitality LLC filed a layoff notice for View Boston. View Boston's restaurants will close on April 21, 2026. This action affects at least 41 employees. The workforce reduction takes effect April 22, 2026. The company plans to expand event space and new offerings.

https://www.wcvb.com/article/view-boston-restaurants-closing-april-21-notice-filed-for-layoffs/70515824

The Oakland Unified School District board approved significant layoffs. Over 400 positions could be affected by this decision. The district faces a large budget deficit. These cuts impact various staff, including counselors and nurses. Layoffs will begin next school year.

https://www.ktvu.com/news/oakland-school-board-approves-400-layoffs

There’s definitely plenty of fat around here. The problem is that when cuts come, the fat somehow stays and the actual muscle that does the work gets cut. Sad but true. We’ve got so many useless managers who could be removed, but they’ll continue to stick around and siphon off resources. What a crock.

Seen job posting for it, debating applying. But is there any future in that role, or are you just going to get sacked once it’s over?

Alum Rock district leaders are considering significant staff reductions. Up to 38 employees could face layoffs. This includes positions like school liaisons. The district faces an $8 million budget deficit. Declining enrollment and lost grant funding caused the shortfall.
San Jose, California

https://www.nbcbayarea.com/news/local/alum-rock-school-district-staff-layoffs/4043494/

I just heard 2nd hand from top brass that layoffs are coming and very soon. Be prepared.

So many people getting bent out of shape, and for what? No layoffs. There’s a lesson in there somewhere.

So NN the new CIO says he's doubling down. That means for all the ones who have lengthy careers, we're out. Get your resume ready because he's going to flush the whole lot. Wonder how long it'll take the shadow ops team to pull this one down.

There are now even more SEC filings showing our leaders are dumping even more stock. They keep telling us that we're one team and that we need to sacrifice while at the same time they are selling millions of dollars worth of stock. A huge Fu-k You to the employees.

3 layoffs in close to 4 years with more possible depending on the outcome of 2026 registration numbers. Having trouble like other health insurance companies. Steer clear for a while unless you have no choice.

Special Advisor & Director recently sold US$11m worth of stock

On the 24th of February, Hans Vestberg sold around 225k shares on-market at roughly US$49.61 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade.

Will AI make AI team redundant ?

Devon may feel better knowing that Coterra employees got railroaded on bonus pay. Blood is In the water, and expect our efforts in the toilet. Moral is gone, can’t imagine any efforts or above expectations. Let the quiet quitting begin. OKC may keep its strong presence after all. Figured it may let someone other side feel better. I hear Devon payouts were business as usual. Congrats!

Profitability improved more than $2 billion year over year, with net loss totaling $194 million in Q4 and $747 million for the full year.

Looks like Gil and his top executives deserve bonuses for only losing $747 million for the year.

Does anyone know what we can expect from Agentic AI in PayPal in the next 12 to 24 months in terms of it's capabilities? I understand Lores is fully focused on Agentic AI and will likely use it to reduce the workforce like he has done at HP.

I'm not interested in what you've read from AI regarding Agentic AI as I've done that myself. If possible, I would like to hear from someone within the company who has been working with Agentic AI at PayPal or who knows what the general plans are? For example, will it handle 40% of disputes/limitations/fraud claims in 12 months.

Really curious as Lloyds bank announced this month they will be using Agentic AI for complex fraud and complaints reviews. With the advancement of Agentic AI, PayPal's desire for lightning fast changes and Lores's enthusiasm for Agentic AI and cuts, big changes could be on the way very soon. gulp

Is today RIF notification day?

Good luck

Usually it’s the one dreadful day where everyone gets laid off on the same day. However this year (at least for my department) I have noticed with the EDs and MDs that they are being let go here and there. Since January we have had about 5 officers let go.

Tonight will be "fun," considering I didn't sleep at all last night, and something tells me I'm not the only one. I'm now wondering, is there even a slight chance that this will be it? That after this round, we'll be able to move on from layoffs at least for a while and focus on our work again?

The Manhattan Beach Unified School District faces a severe financial crisis. The school board will consider 31 employee layoffs. This crisis stems from a long-standing structural deficit and state funding disparities. The district projects significant deficits in upcoming years. Officials are exploring new parcel taxes and advocating for state funding changes.

https://easyreadernews.com/manhattan-beach-school-board-will-consider-31-layoffs-at-wednesdays-meeting/

A WARN notice was filed by H&M Fashion USA. This notice outlines plans for 181 employee layoffs. The affected staff work at its downtown Chicago office. The company filed the notice on February 20, 2026. Job cuts will commence on May 7, 2026.

https://whatnow.com/news/trending/multinational-fast-fashion-retailer-to-lay-off-181-employees-in-chicago/

Oracle isn’t going to do more with less when their competition is doing more with more.

Everyone has AI agents now. You will only weaken your position if you lay people off and lean into those agents. Your competition doesn’t have to follow the same logic. Your competition will do more with more. Anything you do with less will lose footing.

That’s not even including smaller companies competing with Oracle now that they have AI agents. The drive for more software will increase with AI agents. Even more players are going to want a slice of that market share.

I am anticipating my time to relocate (not sure where) might come anytime. My product has a lifecycle of a few years, but many of team members have relocated and many experienced leaders retired due to age and RTO. My motivation to work is low and minimal human interaction is gutting me.

Should I relocate and hope to switch projects? My spouse is under stressful situations at work too with tons of work and wants to quit if I relocate or become stable somewhere.

I am unable to find work outside T due to various factors (skill gap, unfair RTO demands)

If I relocate,,we will take a major financial hit. What to do? Leap of faith of faith RTO or should I quit?

The abuse, pressure and threats of layoffs are intended to keep you locked into a victim mentality.

They don't want you to realize that in most cases, software services you work on can now be vide-coded and released as competition or simply given away. A lot of this stuff just implements well-known standards or is otherwise not protected through IP law or non-competes. You are still locked into a mindset that because this software was hard to produce five years ago, it is hard to produce now. It isn't.

If you were to suggest Codex or Claude vibe-rewriting bitrotted Cisco tech-debt code, most of your coworkers would sneer and ignore you, and management would put you on "a list". But right now, this is actually something that can be done. If it can be done now, what will the world be like in six months, a year?

Cisco wants you to think using AI is only something you can do in service to them, not yourself.

Get ready, other people in this world are not locked in to your victim psychology.

Anyone know when the round is coming that James spoke of in the all hands , he said "we still have 150 million to go to right size the company "

Does he mean in fy 26 or fy 27? Will they wait for the new CEO to do it ?

At an Oregon CVS pharmacy where we were told we would have no issue keeping our jobs if the store closed. When it was announced, RxDL and FSDL both told respective staffs no one would lose their job. But due to market acquisition of Rite Aid stores, we have too many people (supposedly) and now we are being threatened with layoffs. Anyone seeing this in their area too?

Yes, time is coming and we are about to implode with all the multiple organizational changes that add no value apart from headcount reduction and the downstreamers managing upstream like a refinery and ki-ling it long term. Expect more safety incidents, more process safety events and more blame on the employees for not following procedures (even though nobody knows what they are anymore). The attrition is rising and we are in a downward vicious circle now.

Is it done for Feb?

Healthcaredice.com posted an article about Cigna’s recent announcement of cuts that affects worldwide employees…yeah right. Meanwhile, they’re actively hiring EMPLOYEES in India.

• Cigna plans to lay off roughly 2,000 employees, just under 3% of the company’s workforce, to cut costs by the end of February.

Speak with your Congressional Representative, I have. They will be looking at this. The number of jobs leaving America is egregious. What economic path will our children have?

https://www.healthcaredive.com/news/cigna-layoffs-2000-workers-worldwide/811844/

It looks like the FBI caught a manager at L3 Harris selling secrets to a Russian broker. This is one reason why there’s layoffs, some people at the company can’t keep secrets because they are overwhelmed by greed.
They didn’t catch everyone yet, and it is still an ongoing investigation. Maybe if the FBI catches everyone there won’t be any need for more layoffs in that section as it will be reduced enough.
The whole company needs a complete government security review.

https://www.local10.com/news/2026/02/25/senior-executive-for-florida-based-defense-contractor-sentenced-in-espionage-case/

I hope those who want out get the news they're waiting for, and those who need to stay get overlooked. I'm in the second group, so it's going to be a rough night.

My department, PLM, announced voluntary layoffs are coming. Sounded like it might be in waves but not 100% sure. They said other areas across the enterprise will be doing the same as well. Anyone else hear anything?

We're getting next to no information from leadership where I am.

Media reports say 12K worldwide, but nothing specific for the US so far.