#layoffs

The pharmaceutical company Pfizer is implementing layoffs at its facilities located in Rocky Mount and Sanford. These workforce reductions are part of a broader initiative by the company to cut billions of dollars in expenses. The exact number of employees affected by these layoffs has not been disclosed. This action is a significant development for the company's operational footprint in the region.

Rocky Mount, North Carolina

https://www.bizjournals.com/triangle/news/2026/10/20/pfizer-layoffs-plants-north-carolina-rocky-mount.html

So...CDW added a new board member that was a high ranking C level at Deloitte.

Another consultant. Go read what it's like to work at Deloitte. Seems like CL and team want to double down and reshape CDW by outsourcing more and paying coworkers less.

Customers will be left with a lower quality of service since the company doesn't want to actually pay for the best in the industry. What will be left are people too desperate to quit/leave to go elsewhere as they can't afford any lapse in income or health benefits. Basically a workforce of desperate coworkers being held hostage fearful of their bosses rather than coworkers that respect their bosses. What a way to run a company.

At this point...just outsource everything to India. Get H1B's to run the warehouse. I'm sure customers will want to pay more for the same Tech and Services. CDW charges more for the same Goods & Services than others but now will provide a lower quality of everything in terms of account management. So what is the value add anymore.

Netflix has recently reduced its workforce by approximately 1,000 employees, representing about 6% of its staff. This decision comes as the company navigates a rapidly evolving media landscape. Co-CEO Greg Peters stated that these cuts are necessary to ensure efficient investment and resource allocation. The company aims to be disciplined in its focus and operations to support long-term growth. These layoffs followed significant leadership changes within the content division.

Los Gatos, California

https://deadline.com/2026/10/netflix-greg-peters-layoffs-growth-1237169073/

Vermont Information Processing has announced a reduction in force impacting employees at its Colchester facility. These layoffs follow the company's recent acquisition by Warburg Pincus and its purchase of Encompass Technologies. The company cited technological advancements reducing manual workload as a primary reason for the cuts. VIP is also transitioning to a product-led organizational model. The Vermont site will remain operational with remaining staff unaffected.

Colchester, Vermont

https://vtdigger.org/2026/10/20/layoffs-announced-at-vermont-information-processing-in-colchester/

Most that take a view of the markets and their 401k matching empty the T portion routinely. Feel for those that don't look at it and just have a building balance of matched funds in AT&T shares fund as this stock continues to go down.

Stankeys resposbility to Shareholders is failing and his exit is timed like the CFO in an orderly fashion.

About 5 just happened in Single Family. Now I’m wondering if it’s strategic to drizzle them throughout the year to keep from having one mass layoff.

Keep playing the game puppet

https://youtube.com/shorts/eoLQKlCUgHI?is=K-tEhloz8waxecvW

Is anyone able to voluntarily exit with a package?

CMO to be hit hard tomorrow on 10/22

https://broadbandbreakfast.com/debt-plagued-isp-optimum-close-to-handing-the-keys-to-lenders-resolving-litigation/

Today, October 21, 2026 — Optimum Restructuring Reaches Endgame

This morning Bloomberg and the Wall Street Journal both reported that Optimum Communications is close to a deal that hands control of the company to its lenders. The stock opened at $0.58, down roughly 32% overnight, and has partially recovered to around $0.66. The market is pricing in that existing equity is essentially worthless in the new structure.

The deal in broad terms: Apollo Global Management, Oaktree Capital Management, and JPMorgan Chase would receive equity in the reorganized company, effectively becoming its new owners. The ongoing litigation — the September lawsuit Apollo and Oaktree filed alleging fraudulent transfers — would be settled as part of the agreement.

Drahi's position: He was demanding $3B in equity in the restructured company; creditors were willing to give him roughly $500M. The WSJ reports "the gap has shrunk recently," meaning Drahi is conceding toward the creditors' number. How his preferred shares from the June $300M raise are treated is reportedly the last open issue.

What this means practically: A Chapter 11 filing is likely weeks away, not months. Once filed, Apollo, Oaktree, and JPMorgan are effectively running the company through the process, and a reorganized Optimum emerges with a dramatically reduced debt load and new ownership.

The restructuring is no longer a background risk — it's an imminent event. New ownership will be evaluating everything from leadership to strategy.

Managers are being let go that work on the Resi side. People on the 7th floor being grabbed one at a time.

I was given a pip this october. How long till I get fired

When does the next wave for Simons org happen?

NPI is done. GCC is running. Do we make it through the year at this point?

October 22 is Comcast’s earnings call. Let’s see if we can successfully tank the stock again by unveiling our most imaginative strategy yet: continuing to reduce costs.

At some point, “spend less” needs a companion called “give customers a reason to stay.”

Apparently the board of directors are “none”! Out stock is down again but yet we rec an email with him praising himself! Yes I give credit when do, he has been perfect at the debt ratio for the company for sure and below -0 on employee retention and more! It shows Dailey and hourly within the company! Who or what will be left to sit in those chairs in Plano when all said and done?!

Gotta make sure the ctc building has state of the art LED’s

https://www.instagram.com/reel/Dek47LZR4P9/?exln=MTlnaGNldnFrZXJwNw==

Going the road of Charter, Comcast......
Elon will pick up AT&T for pennies.....
Tie up Stanky's comp package in red tape......

Between the constantly changing, unwritten RTO policies, looming mass layoffs, and the lack of clarity around the company’s direction and the future of our roles, it’s hard not to question what the point of it all is.

Why are we wasting hours commuting, spending money getting to the office, and sacrificing valuable time when the same company is leaving employees in the dark about their futures?

If companies aren’t showing loyalty to their employees, why should employees continue going above and beyond out of loyalty to them?

At some point, you have to prioritize yourself. Maybe that time is better spent updating your résumé, applying for new opportunities, getting your finances in order, and preparing for whatever comes next.

You can be professional, do your job, and collect your paycheck without making a company your priority when it clearly isn’t making you one.

At the end of the day, a company is going to do what’s best for its bottom line. Maybe it’s time we started doing the same for ourselves.

Another facility gone Knoxville Tennessee.

https://www.msn.com/en-us/news/other/pepsi-plant-in-knoxville-to-close-employees-to-get-paid-notice-period-pepsico/ar-AA2fAfsk?ocid=BingNewsSerp

Look out below! Sub $20 incoming!

They already eliminated hundreds of teams in multiple depts. This is nuts. Every level is getting hit like a heat seeking missle. Good luck folks.

I noticed there is a massive layoff for MiniMed employees. So many talented people dropped. At the same time - a bunch of their jobs have been advertised.

It doesn't make sense. Surely keeping them on is the smarter choice. You have to train new people on the MDI and pump system.

Following the email from Cristiano, here are some things that I know and that I heard/read so far:

What's confirmed:

• Amon's layoff email.
• Confirmed cuts with some of my friends (and posts here0
• The exact % of ppl being laid off has not been confirmed publicly.

Rumors circulating:

• 7–9% layoffs across BUs and locations.
• Performance-based cuts - some are suggesting this I doubt it
• Org-dependent impact - % cut will vary by org - this is highly possible IMO, it'd follow the pattern from before.
• Timeline - rumors is that we have 1mo+ before more details become clear.
• New hires - People joining in Nov are puzzled - a number of roles in Automotive are starting in Nov - talked to a friend

Why cuts??? All speculative but come to mind

• Weak smartphone demand
• Rising memory prices
• Increasing competition from AAPL/Samsung
• Pricing power issues

Chime in if u have something to add, feel free to challenge any of these, I am puzzled and many of these may be inaccurate (aside from that top section)

I am just so overworked I cannot handle it any more. I do not think I can continue.

Have anyone quit a job with nothing lined up?

• Xbox will have 3 additional layoff rounds.
• Cuts reportedly scheduled October, November, and January (fun, fun, fun)
• Microsoft previously announced 3,200 Xbox job cuts.
• Leadership says Xbox isn't being sold off.

More info:
https://www.theverge.com/games/1014700/xbox-ceo-asha-sharma-layoffs

1. The Core Shifts Shaping 2030

• The "Agentic" Economy & Autonomous Work
• By 2030, AI will likely transition from conversational assistants to autonomous agents capable of managing end-to-end business workflows.
• The focus of layoffs today will culminate in leaner corporate structures tomorrow, where small, nimble teams leverage AI to achieve the output of yesterday’s massive departments.

Quite a few of these roles are C15 with some being C16's. Some are NYC, some are Tampa. Right after rounds and rounds of layoffs. What gives?

Hundreds laid off between yesterday and this morning, mostly managers and directors

QCOM does culprit practice of hiring young graduate for low wages ; squeeze them by giving heavy work load eventually ruining their health. Once burnt out layoff the work force for hiring next batch of victims . QCOM performance rating are manipulated and should be challenged . So any one planning to accept QCOM offer should mitigate that company will make heavy amount of wear and tear to employee health so should ask for heavy renumeration.

I hear the first week of November will be another round of layoffs at Candescent.

Has anyone heard about the Truist Leadership Institute closing? Kelly King won’t be happy to hear this…sorry to anyone here impacted, if this is true.

Workers are forced to fight desperately just to get their contributions noticed. Many software companies have started firing anyone who gets a rating of 3 two years in a row. Now, this trend is creeping into the chip design industry. It is a highly risky gamble to deprioritize precision and functional correctness in hardware design, especially when a single mistake costs millions of dollars.

Lightspeed Commerce is implementing a company-wide restructuring that impacts 250 roles. This initiative includes both employee layoffs and the elimination of vacant positions. The company aims to streamline operations and reallocate resources towards customer growth and product innovation. Specific details regarding the number of actual layoffs and affected Canadian workers have not been disclosed. Lightspeed plans to provide further information during its next quarterly financial report.

Montreal, Quebec

https://stlawyers.ca/blog-news/lightspeed-job-cuts-october-2026/

The BBC is implementing significant cost-cutting measures, targeting £500 million in savings over three years. As part of this restructuring, BBC Three, BBC Scotland, and Radio 4 Extra will cease to exist as linear television channels. These channels will transition to the iPlayer streaming service to reach audiences. Additionally, BBC News will experience 100 job losses as part of broader reductions across the organization. These changes reflect a strategic shift towards digital platforms and a response to financial pressures.

London, England

https://bleedingcool.com/tv/doctor-who-tender-news-bbc-three-closing-bbc-news-layoffs-more/

Confederation College is preparing for additional faculty layoffs, according to the Ontario Public Service Employees Union. The union states that at least five percent more teaching staff will be let go. This follows the suspension of several programs earlier in the year. The college has not commented on specific staffing matters. Union representatives are seeking clarity on the reasons for these reductions.

Thunder Bay, Ontario

https://www.nwonewswatch.com/local-news/further-college-layoffs-imminent-union-says-12912155

Sherwin-Williams has eliminated approximately 40 positions at its global headquarters. This workforce reduction is part of an ongoing operational review. The company stated the layoffs were not performance-related. Affected employees will receive support during this transition. Sherwin-Williams remains focused on long-term growth.

Cleveland, Ohio

https://www.cleveland.com/news/2026/10/sherwin-williams-cuts-about-40-positions-at-cleveland-headquarters.html

Hollister residents are demanding the removal of their city manager following recent layoffs. Thirty-seven employees from the police and public works departments were let go to address a significant budget deficit. Community members expressed frustration with the city manager's perceived disrespectful conduct during council meetings. The city council is now reviewing the situation and considering measures to potentially reinstate affected employees. Union representatives have indicated a willingness to negotiate alternative solutions to the financial crisis.

Hollister, California

https://www.ksbw.com/article/hollister-residents-call-city-managers-layoffs/74194832

Any chance in near future