#layoffs

These people gave each other the leg up and none know what the other is doing! I was impacted and frankly I’m relieved! I know the workforce is hard and we all need our jobs but a couple of months paid to figure it out sounds better then the BS Ive been dealing with! I wish you all the best and my prayers go out to all impacted! But since this new leadership has taken over over it’s been a disaster and the ones who laugh at the ones impacted, the ones who were kept, undeserving if based on metrics and performance, your time will come! You survived not for being a leader but for kissing the right butts!

What’s the point of these celebrations when the very people that made this happen are let go? No meaningful strategy when it comes to these layoffs. Those at the top are coasting while those who do the actual work are treated like cr-p. Trust, confidence and motivation to drive is lost and they really expect us to be excited about these “celebrations”?

good luck folks

Because it 100% was not performance. We lost two teammates who were among the best, and we have a few who could/should have been laid off instead and are still here. It really su-ks knowing that hard work will not protect you in situations like this. What's even the point then?

https://techrights.org/n/2025/11/04/IBM_s_CEO_Already_Has_the_Excuse_for_the_Latest_Wave_of_Mass_La.shtml

Do the VPs and directors get those special packages in their contracts, so they don’t have to worry at all after the merger while everyone else feels uncertain?

long gone is the morally, ethically right culture of Transunion. Say hello to layoffs for thanksgiving.

Pearson continues to decline year after year, I’m shocked they are still hiring people. Every 8-12 months it’s time to layoff a group of people and start over again next year. I spent 7 years watching this disaster before finally leaving. The lack of leadership and pi-s poor planning in this company is ridiculous!

TLDR: me, another person on this site, ranting about Fidelity’s agile, and my potentially useless prediction.

If they’re cutting agile roles, then I hate to say it but they’re cutting in the right place. Frankly, they should have laid them off last year.

I used to want to position myself into an agile role myself. Frankly, as a tech person, I was lazy, and decided to try to weasel my way into an easier role. Eventually, I fell in love with the art of software engineering, so I’m not gonna transfer into Agile. Plus, I’ve met (countless) scrum masters and agile coaches in and out of Fidelity who told me that it’s not a good time to be in the craft.

Frankly, Agile just isn’t done right in so many roles. There’s not enough actually good scrum masters out there. Fidelity is also not a good place for agilists to grow. The way Fidelity is set up, there are many non scrum masters that play as the scrum master. You have scrum masters in Fidelity who glorify things like “it’s a made up job”, and “I just do this to get the easiest way into management”. That culture is rampant especially in FI. You don’t need a scrum master unless the scrum master is damn good at their job, and we’re gonna need those that operate about higher than Fidelity’s EP standards.

It’s just the way Fidelity is. Fidelity isn’t doing agile. They’re doing their Fidelity Fragile. Which, hasn’t worked. Fidelity in 2025 is about networking to the top. Scrum masters are a program dedicated to networking to the top. Respectfully, the way Fidelity does scrum is to have the scrum masters be the ones that the upper management blame and speak with when things go awry. The scrum masters report to those higher up people. They’re viewed by Fidelity as Fidelity figure heads. It’s disrespectful to those who are actually good at their jobs.

My prediction is that a good chunk of scrum masters will definitely be laid off. Potentially, 1/3. I don’t have someone high in ranking “in the know” like many anonymous people on this website claim they have. I just have my experience in tech and my experience with how Fidelity mucks things up. I could be wrong. I hope I am wrong.

This is the rest of my prediction. A few months after the layoff, remaining scrum masters will be reorganized to manage more teams. Usually, they manage up to 2 teams. That’s just how it’s supposed to be in agile anywhere. But knowing Fidelity, they might try to extend that to 3 or 4. Upper management will realize that many don’t really have any real functionality outside of hanging out all day (not an agile fault, it’s a Fidelity fault), so they’ll pile more teams on the surviving agilists to manage. Job opportunities for agility is scarce, so the remaining scrum masters will stay at Fidelity. The good 1% (not even the good 5%) will leave for better opportunity elsewhere. The remaining will probably not have much hope outside of Fidelity. Unless they want to uproot their lives. Many have been in tech as software engineers in the past, but once you cross that bridge from software engineer to Scrum, you ain’t going back. Which is a shame since some are passionate about code.

I don’t know if I’d be happy to be proven right or wrong by this. If you’re gonna lay off the scrum masters, I mean… majority of them deserve it, many are lazy, have no motive other than themselves, and capitalize off Fidelity. Those scrum masters should be out, rather than other positions that don’t obviously offer no value. But then, you could lay off the good scrum masters that make people realize why they’re useful. And that would be sad. But then again, that’s Fidelity’s culture anyway. And Fidelity will still survive since the company is a historic cash cow.

I’m genuinely sorry to passionate scrum masters at Fidelity that you’re in this position. None of this was meant to disrespect YOU. You don’t deserve to be dealing with these other people who do not appreciate you. When I was researching becoming a scrum master for the wrong reasons, I talked with 10 scrum masters/agile coaches. There were only 2 that were actually passionate about agile. That’s just my personal experience, but you may see something different. As for the scrum masters that don’t add ANY value and are only jaded to get a paycheck, please just add some value. They probably won’t take my request seriously. They’ll sit around being like “hi team, look at this chart I made of your guys work, it has a squiggly line that shows how many stories you finish, so now I can make money, derp”.

Thank you for reading. I’d be happily proven wrong, and like to hear back from other people. Especially people who have seen how agile unfolded at Fidelity over the years, and (good) agilists at Fidelity themselves.

How gullible is everyone. AI is not yet close to replacing all the job layoffs that everyone is talking about. AI is being used as a great propaganda line for companies to get rid of workers and lean down their work force. We are in a recession and nobody wants to admit it.

Hearing a lot of rumors and basically no department is safe, no position is safe. November 20 is the date I’m seeing and hearing, But I am hearing more than anything that SMB is really on the chopping block. What do we think is going to happen to SMB and B2B? Restructure or just completely cut the channels out and have store reps and managers take care of business?

If you see some headline about Microsoft's CEO making claims about hirings, look away

https://techrights.org/n/2025/11/04/A_Lot_of_Fake_News_About_Microsoft_Headcount_Also_Microsoft_s_D.shtml

So, I've been holding on to my Shel shares waiting for them to announce the move to the US. I figure that's the last rabbit to pull out of the old hat, and then the show is over. Honestly, shares have been on a rise lately and its been a decade since they've been this high and there is no discernible reason for the price to be this high. I've sold some just in case this is the highest they get. But I am speculating that the price jumps when Shell moves to the US. I mean its not value, its not growth potential, its not the buy-backs, its not the leadership and their vision. We're all waiting and hoping for the announcement that makes the shares jump so we can sell. Shows over soon I hope.

It looks like the CSBBO closures are part of the bank’s location strategy, focusing on consolidating some sites while expanding others.

What stands out is that for the past three days they have been sending messages like this:

Overtime available today, November 2, 2025. Overtime is available for Everyday Banking English and Spanish Bankers for the rest of today and tomorrow. Please log in, and your leader will report your worked hours to Resource Planning for processing.

If sites are closing, why push overtime right now? It almost seems like they are trying to meet short term goals before more news comes out.

Has anyone else heard which sites are next?

TCS , the named outsourcing for the core IT infrastructure teams at Lyondebasell, in an effort to reduce cost due to a CEO thats has shamelessly destroyed a vibrant company with unneeded loans, closed plants and a business model that is ridiculously unsubstantiated, has proven during a "transition" period, to going to cost more jobs, less productivity, poor service, and downtime. This Indian based company is typical of a CEO, CFO, CTO and certain directors that have little to no knowledge of IT outside of the buzzwords they learn on Google. The dumpster fire that is management has reduced a prosperous company and great place to work to a steaming pile save-my-a-s ELTs and SVPs with below sub-par entry level at best outsource contractors.

1 on 1 with my manager today and he made 2 comments:

• Confirmed another round of US cuts the first week of December.

• No input on who will be cut from the lower levels - higher execs making the decisions based on whatever metrics they see (which are usually garbage).

Enjoy Thanksgiving because you may get roasted that first week if December!

Riffs afoot. Ditch the human element, instead let AI write Nike comms. MG wasted no time.

Verizon reported $33.8 billion in total operating revenue for the third quarter of 2025, not $34 billion in profit. Its consolidated net income (profit) for the quarter was $5.1 billion.
Verizon is currently in the process of reducing its workforce as part of a voluntary separation program and wider cost-cutting initiatives:
Job Reductions: In September 2024, Verizon announced a voluntary separation program for approximately 4,800 U.S.-based management positions as part of a cost-saving plan aiming to save up to $3 billion by 2025. Over half of these employees were expected to leave by September 2024, with the remainder departing by March 2025.
Technician Layoffs: The recent job cuts primarily targeted management positions, not specifically technicians, although overall headcount has been shrinking across the company and industry due to automation and digitization.
Financial Context: Despite strong quarterly revenue and profit, which actually increased year-over-year, the company has significant long-term debt (net unsecured debt of $112 billion as of Q3 2025) and operates in a highly competitive market. The cost-cutting measures are part of a broader strategy to manage debt, improve operational efficiency, and remain competitive.
The decision to cut jobs despite high revenue is a strategic business move aimed at long-term financial health, operational efficiency (partially through automation and AI), and managing a large debt load, rather than a reflection of immediate financial distress.
What a bunch of Dou--e Bags!!!

Indeed, Zip Recruiter, LinkedIn, Monster! Keep applying the reality will hit soon. No transferable skills. No keeping current. Just gliding along. Thinking it would last forever. Enjoy those checks while they come in. The merger may be in 2027, but they arent going to merge the whole wagon and then start evaluating cuts. Skyworks is not paying out severance packages. Clear that noise from any future considerations. And if you live in one of those places with no semiconductor companies around, well I guess there is always coding like Joe said! Karma for every poor soul that got su-kered into working for the failed merger of RFMD and Triquint and lost their positions due to poor business management!

All these layoffs su-k. They absolutely su-k. But I think in time for those of us still here, it’ll eventually be OK. I just hope these layoffs don’t start to tear away at the culture.

https://archive.ph/Fj2c0

Over the past year, I’ve watched some of the most hardworking and impactful people on my team be let go. At first, I didn’t understand why morale across the organization felt so low... but now I do (sigh)

It’s hard to stay motivated when it feels like merit and dedication don’t matter. The people who consistently overdeliver, who take ownership and push projects forward, are the ones being cut. Meanwhile, others who do the bare minimum remain and often get the credit.

So if performance and impact aren’t the criteria for layoffs, then what is?
Is it tenure? Favoritism? A random lottery? Because from where many of us stand, it certainly doesn’t look like the decisions were based on contribution or capability.

Did they start?

Yes more layoffs confirmed 4th quarter some notices already went out. Jobs going overseas.

Ally Financial had layoffs today, impacting about 2% of employees as part of workforce consolidation and process optimization (oh, this sounds so official). Ally is shifting teams and focus... it's reorganizing its structure let's say they are seeking "efficiencies". The comms are out - I know some in Charlotte were among those affected.

The cuts are mostly concentrated in upper and middle management w/managers + above most impacted, they hammered folks with no dir reports (or low # of dir reports). Some folks claim that that some groups began seeing cuts on Halloween Friday, but that has not been confirm and most folks did not hear about it...

Last Friday someone spilled the beans ahead of time, see @OP+1k8x5qazb and pretty much was 100% on target.

This round of layoffs is now over, you can go to your cube and relax until the next layoff event which is certainly almost behind the corner.

Good luck all.

We are topping layoff lists today, that's not something to be proud of:

https://x.com/TheLayoff/status/1985454875577369063

Annual Nov layoffs on the way?

Confirmed, saw a couple of ex colleagues on Linkedin being laid off recently from SAP Fieldglass, QA Team, based in London

Are they quietly letting people go without saying anything publicly, trying to keep the layoffs under the radar and out of sight?

Have you been told your fate? Please share when it was communicated to you.

Since it is November, let's see when they start communicating out.

Thanks

On 3 Nov approx 400 people across multiple functions and lines of business were laid off

Seems they sold their souls a while back

Just got a note to meet up with my manager tomorrow. Is the axe about to drop…. Anyone else get impromptu meetings set up for tomorrow? In cloud.

If you were smart you would all use your sick time before November 20th. You wont get paid out sick time if your laid off.. might as well use it. I suspect this is what one of my trainers did. They said he's taking some time away from the business and they don't know when he will be back lol

Corporate employees will there be a restructure happening? And any updates on mandating in office days?

SP500 up 20 percent YOY. SOLV down 6 percent YOY. Looks like Nellies plan to "unleash" value from SOLV by spinning off filtration and chainsawing off 1000s of jobs is a smashing success (not!)

I guess adding layers of outside hires at VP levels, mainly cronies, doesn't grow the bottom line. Nor does firing the worker bees just to meet Peltz expectations.

Earth to Peltz! Layoff off Bryan, sell your shares, and return to your Florida yacht for retirement. The beaten down masses will take it from here.

This leader really nailed it and I think this will help everyone who is anxious about the layoffs coming in 17 days.

https://fortune.com/2023/09/25/verizon-ceo-hans-vestberg-rank-mood-leadership-advice/

Have anymore layoffs been announced today?