#layoffs

Yes, you read that right. Twice now I’ve had to watch where I walk because someone decided to de-----e in public. I never experienced that while remote. Before I forget did anyone see the pervert exec on the home page this week. Gosh it’s going to be so uncomfortable when he speaks to us at the June town hall. Hopefully he doesn’t ask us about our boxers or briefs 🥴 >> https://www.thestandard.com.hk/finance/article/167954/BlackRocks-Mark-Wiedman-sorry-for-off-color-comments-to-women-such-as-boxers-or-briefs << When I’m not playing frogger to avoid stepping in sh-t I’m either (1) hoping for my bus to arrive less late than usual (2) watching my back as a woman amongst the crazy people in town (3) witnessing open air dr-g use/dr-g exchanges and public urination (4) avoiding confrontation of any panhandler because I’ve seen the tension escalate to punches being thrown and if it comes down to it I would like to defend myself but I can’t carry a pepper spray deterrent with me and into the building (5) calling the babysitter to let her know I might be 80 minutes or 120 minutes before I get home (6) chatting with my son to see how soccer practice went since I can’t be there as often (7) hoping that my vehicle didn’t get damaged sitting at the park and ride lot (8) wondering if I’ll have enough time tomorrow to complete what I couldn’t get done in office the previous two days. Plus much more. Don’t ask me how many home cooked meals I’ve been able to make and eat with my family like we usually did before May 4. On the financial side of things I am struggling with this worrying dilemma. Do I cancel my IRA contributions to cover the cost of daycare and a frequent babysitter? Do I cancel my HSA contribution to pay for gas? What can I cancel to pay for my time? Seriously I am drained. This is the 2nd payday under the RTO policy and I am in the negative yet again. Thankfully my enormous 1.25% raise allowed me to buy a few tanks of gas this month. Not sure what I’m going to do next month. Probably have to bring the older child into work to avoid babysitter costs. My team is loosing talent soon. I’m sure my workload will increase. I’m sure I’ll be asked to get things done in the same amount of time. I’m definitely sure I won’t get any additional compensation for covering an empty seat. As of May 4, working here has become financially unjustifiable, incredibly stressful and a waste of time. It would be different if this was a job that physically needed my presence. But it isn’t. Same goes for the rest of my team. We have this futuristic ability to do our work remotely like we were doing for years but now all of a sudden we are needed in office to justify their real estate investment. Here is the best part my team is all remote with respect to each other. We are at least 250 miles from each other. The policy literally makes no sense. It’s causing me to lose cents too, well actually dollars — lots of dollars. So yea my testimony is sh-t is literally hitting the fu--ing fan. So if more sh-t hits the fan we can expect to have to avoid more human sh-t piles. If this is brilliantly boring well I am having trouble finding anything brilliant about it. Maybe I’ve been too generous by meeting or exceeding all expectations every year for over a decade. To Bill: make the brilliant decision to reverse the RTO policy completely before you wreck the careers and lives of more of your loyal employees and customers. The customers who no longer want to bank with us because of this terrible decision.

Don’t forget Bill gets a 30% comp increase and executive security. We get pennies on the dollar and a mandatory RTO five days.

I’m curious to hear honest and objective opinions from others about why so many employees seem unhappy at Truist. What is it about the employee experience that feels so negative? Is the culture at Truist actually worse than other banks, or is this just how banking is everywhere now?

To be fair, Truist did help me gain valuable experience in a field where I wanted to build my career. For that, I’m grateful. But looking back, I honestly feel like it would have been better for my career if I had stayed only 2–3 years and moved on.

From my perspective, long-term growth and advancement opportunities here seem extremely limited. Leadership constantly talks about “upskilling,” “career development,” and “training,” but in practice there are very few promotions or meaningful opportunities to advance, at least in my area.

I’ve been in the same role for years now and feel completely stagnant. I’m no longer learning or growing professionally. At this point, it feels like I just log in, do the work, check the box, and move on with my day.

What’s concerning is that I’ve become so complacent that the idea of being RIF’d almost feels like it would be a positive because it would force me to move on and try something new while collecting severance. I’ve never felt this disengaged in my career before.

What makes it worse is that many people on my team who have been here a long time seem mentally checked out as well. The overall environment feels stagnant and low-energy.

Interested to hear from others, what do you think drives the negative employee experience at Truist? Is this unique to Truist, or just the reality of large banks today?

Well folks the day has come as my last day here at fidelity. To this community I want to say thanks for the entertainment and the small pockets of actual true facts warning on layoffs. To those affected by the layoff I wish you the very best and hope for a speedy bounce back to a job less toxic and more pay. To those still at fidelity I hope you guys make it through the sh-t show that has ensued.

What’s everyone hearing?

since 2020, the market cap of TMO today is basically the same as Verizon...what a waste of money ($50+) and time (5+ years). Sad, sad, sad...

It's so easy to stay on the payroll doing the very minimum work just to not get fired while taking as many paid days off for all the many reasons we can easily get away with. See, the difference between many of us and the bootlickers is that we just don't give a fck. We know we can't be fired and some day we'll be surplussed and when that happens, which it inevitably will, well celebrate and move on with our nice termination pay, which is much better than the bootlickers get. lol

Anyone know when or if there will be another round?

PZ last day!!!! Ready to welcome a fresh chapter with a new CEO who is already showing to be a lot more human than robot sitting in an ivory tower! Perhaps he can sort out the expensive mess that has become of AI.

That’s what it’s starting to look like. Seems a little self-defeating to me, but what do I know, I’m just a measly peon, right?

SentinelOne shares plunged in after-hours trading on Wall Street after the company published its first-quarter financial results and announced layoffs affecting 8% of its workforce. The cybersecurity company reported results that largely met expectations but issued a relatively weak forecast, sending the stock sharply lower in late trading.

https://www.calcalistech.com/ctechnews/article/r1goyeuxgx

Every morning I wonder if today is the day they decide I am out. Leadership flips on people without warning and I have seen it happen too many times. The rules change weekly, nothing is written down, and I get blamed for not reading minds. I am running on empty and too scared to speak up because anyone who complains disappears. This crew has cycled through everyone multiple times since I started. They call it natural turnover but it looks much more like a sla-ghter to me.

Friday isn't usually a layoff day, so I'm thinking no, but if anybody knows for sure, please share.

Fidelity layoffs hit Covington campus

CINCINNATI (Cincinnati Business Courier) - Fidelity Investments has laid off several people from its Covington campus.

https://local12.com/news/local/fidelity-investments-layoffs-hit-covington-campus-employment-unemployment-jobs

"Fidelity Investments has laid off several people from its Covington campus."

https://local12.com/news/local/fidelity-investments-layoffs-hit-covington-campus-employment-unemployment-jobs

Through the years I’ve amassed lots of AT&T stock. My frustration level with our so called leaders has never been higher. I’m ready to dump it all and invest in much better companies that will easily return more than the T dividend could ever deliver. Has anyone else decided the same? TY

As we spent the last decade offshoring and laying off our vteam family, I was energized and excited to learn how AI unlocked is how we scale our most important investment - our people! This is such impactful work. Because when the Vteam thrives, Verizon thrives - together!

There is no question AI is changing how we work, but emotional intelligence will always shape the why. The future belongs to organizations that value both. AI is the how. EI is the why. And nobody cares about people like Verizon. I am very grateful to be part of this best in class culture OS! Let’s go team!

Perella Weinberg Partners is reducing its workforce. The firm is cutting 10% of its staff, including 12 partners. This follows a 91% drop in net income during the first quarter. Concurrently, PWP is acquiring Gleacher Shacklock, a British bank. This acquisition will add up to eight senior bankers in London.

London, United Kingdom

https://www.efinancialcareers.com/news/pwp-cuts-tim-shacklock

Is it the usual or have they changed anything?

The Los Angeles Lakers and Portland Trail Blazers recently implemented layoffs. These workforce reductions impact both NBA franchises. The Portland Trail Blazers reportedly laid off 70 employees. This decision is linked to ownership's cost-cutting measures. The changes will affect the teams' future operations.

Portland, Oregon

https://sports.yahoo.com/videos/ramifications-lakers-front-office-layoffs-181247244.html

El Paso Independent School District (EPISD) plans significant workforce reductions. Its Board of Trustees will vote on declaring financial exigency. The plan proposes cutting 410 positions, including teachers and staff. EPISD faces a $52.8 million budget shortfall this fiscal year. These measures address the district's severe financial difficulties.

El Paso, Texas

https://kfoxtv.com/news/local/episd-to-consider-financial-exigency-declaration-more-than-400-job-cuts-at-tuesday-school

The Redlands Unified School Board approved layoffs for 24 certificated employees. This decision occurred during a special meeting on May 27. The layoffs include counselors, teachers, and student support staff. This brings the total confirmed district layoffs this month to 43 positions. These reductions address ongoing budget challenges for the district.

Redlands, California

https://www.communityforwardredlands.com/redlands-unified-board-finalizes-layoffs-for-24-certificated-employees/

Box CEO Aaron Levie highlights a growing disconnect in Silicon Valley regarding AI. He states many tech executives misunderstand AI's full scope and practical challenges. CEOs often see only the "happy path" of AI, ignoring the extensive work required for sustainable results. This limited view contributes to widespread tech industry layoffs. Companies like Meta and Wix have recently reduced their workforces, partly attributing cuts to AI efficiencies.

https://fortune.com/2026/05/29/box-ceo-aaron-levie-ai-psychosis-jobs-layoffs/

A new Insuranceopedia analysis details the rising financial impact of tech layoffs. In 2026, losing a tech job costs workers an estimated $14,400 per month. This figure includes approximately $13,750 in salary and $625 for private health insurance. The monthly financial blow is 36% higher than in 2021 and 56% higher than a decade ago. Tech companies have already cut nearly 115,000 jobs this year, accelerating the industry's layoff crisis.

https://americanbazaaronline.com/2026/05/28/losing-a-tech-job-in-2026-now-costs-workers-nearly-14400-month-481700/

stock soars to 400 in after hours market. None of us are getting raises, promotions, stock purchase plan or RSU's and are constantly being threatened by layoffs. JC and MD are getting rich and we're suffering, yet we do all the work. How long are we going to look like the fools that we are. We get a beating and then say thank you...may I have another. Apparently, people are no longer quiet quitting...or if they are....it is not working. The company itself seems to be getting stronger...like it feeds off of negativity.

A superyacht linked to Meta CEO Mark Zuckerberg arrived in Seattle. The vessel, named "Launchpad," drew crowds in South Lake Union. Its arrival followed Meta's announcement of 1,400 layoffs in Washington state. Some observers criticized the yacht's presence during this period. Others viewed the large vessel as a tourist attraction.

Seattle, Washington

https://www.king5.com/article/news/local/zuckerberg-superyacht-draws-crowds-seattle-meta-layoffs/281-efc3e24b-894e-436d-a303-f821313508df

Layoffs at Asante began this week. Employees reported cuts in IT, security, and nutrition departments. Asante CEO Tom Gessel previously warned of a projected $50 million deficit. He anticipated 300 or more job losses in fiscal year 2026. Asante officials declined to comment on the reported layoffs.

Medford, Oregon

https://rv-times.com/2026/05/27/asante-declines-comment-on-reported-first-wave-of-budget-cutting-layoffs/

Fintech unicorn Rapyd is undergoing a major restructuring. It is laying off employees as part of this process. CEO Arik Shtilman announced a shift to an AI-driven business model. This change aims to make the company faster and more efficient. Dozens, potentially over a hundred, workers are affected by the cuts.

https://www.calcalistech.com/ctechnews/article/h1r00jfrgzl

The Fayette County Public Schools board approved a tentative budget and a $95 million loan. This decision followed the firing of 120 FCPS employees. Many community members attended the meeting to voice frustrations. The district needs the loan to meet payroll by July. Financial misstatements dating back to 2008 contributed to the current budget deficit.

Fayette County

https://www.wuky.org/wuky-news/2026-05-28/divisions-deepen-as-community-members-balk-at-fayette-school-layoffs-while-the-board-oks-loan-and-working-budget

NetApp announced permanent job cuts impacting 77 employees. These layoffs are centered around its San Jose, California location. The company stated a strategic realignment is driving these changes. This shift focuses on evolving customer needs and long-term growth. Affected staff received notice in May 2026, with terminations set for July 2026.

San Jose, California

https://www.crn.com/news/storage/2026/netapp-layoffs-will-impact-77-in-california-amid-strategic-realignment

• WF will drain your patience
• We're all just headcount lines
• revews are always hanging over you
• Formal warning = slow exit
• One mistake will follow you
• RTO is control, not collaboration
• Badge reports replaced trust
• Office hours matter more than output
• Commute is your problem
• Morale is your problem
• Town halls are performative theater
• Location strategy keeps moving the target
• Offshoring is omnipresent and has no end
• Politics always beats merit
• Silence is safest
• Speaking's risky
• Everyone is trying to look essential
• But... Everyone is tired
• C-level lineup = the grift brigade
• Trust is long gone
• The job is no longer doing the work (it's surviving)

Fidelity Investments reduced staff at its Covington facility. The company is realigning its technology and delivery teams. This aims to better match skills with high-priority customer work. Roughly one percent of the workforce was impacted by these changes. Fidelity plans to hire many new engineering roles and thousands of other critical positions.

Covington, Kentucky

https://local12.com/news/local/fidelity-investments-layoffs-hit-covington-campus-employment-unemployment-jobs

Had seen the golden era of Verizon US, EU and India completely collapsed. In last few weeks many of my VZI folks. With whom I worked closely left the org. Same thing I observed in different domains so many good byes emails.

….mid March. Seriously, Dan be like ‘AI efficiency” and ‘we must tighten our belt and layoff’ and we’re still sh---y. Pay me Danny boy. You made a sh-t deal with the unions but have always paid us. All that moolah you got saved should be coming back to us. Sh-t, even throw the union some type of bonus for bending over on a bad contract.

Also that voice changer stuff is racist as he-l.

Fear of AI is at an all-time high. Not fear of a Skynet-style superintelligent singularity seizing power, generally speaking, but of something perhaps just as horrifying: that life under capitalism continues much as it always has, with one key difference — AI has made human labor obsolete.

A new survey by consulting firm Mercer polled nearly 1,000 executives across the United States. A jaw-dropped 98 percent of them said they have major organization design changes in the works around AI, while 99 percent expect AI will lead to layoffs over the next two years.

The Mercer report, first covered by TechSpot, also found a collapse in worker wellbeing as talk of AI dominates break rooms. In 2024, Mercer worker’s sentiment found 66 percent of employees surveyed said they are “thriving” in the workplace. By 2026, that number had fallen to just 44 percent.

At the same time, the number of workers who report being “unsatisfied” has skyrocketed, with over 20 percent of workers surveyed admitting they’re “unsatisfied but… don’t have a choice at this point and will be staying for the next 12 months​.”

How human resources managers plan to combat this workplace fatigue — symptomatic of a rapidly decaying labor market, not to mention stagnant wages across the board — is equally alarming. In the next two years, 49 percent of HR professionals say incorporating worker sentiments with behavioral data will become “critical” to managing labor on the job. A further 44 and 43 percent said the same of always-on surveillance platforms and AI chatbots, respectively.

To the business owners and corporatists of the world, this is the point of AI: to discipline human labor. That’s the large-scale economic process by which capitalists undermine workers’ bargaining power, through systemic mechanisms like debt, the so-called gig economy, unemployment, deskilling — and, according to some theorists, even the nuclear family.

In the workplace and outside of it, AI boosts these mechanisms, eroding workers’ power to demand change or even hold onto basic concessions like healthcare and pensions — labor rights begrudgingly pried from corporations after decades of workplace struggle.

The technology doesn’t even need to be particularly effective to achieve any of this. Business leaders like Shopify CEO Tobi Lutke are already using AI to squeeze more value from their workers, while venture capitalists use it to pry equity back from theirs. In some cases, managers are even using AI chatbots to decide who to fire.

In all, the picture is pretty grim. The richest men and women in the world have made it abundantly clear why they want AI. The tech may not be living up to their wild expectations quite yet, but they’re still unleashing it without hesitation. The only question is how workers respond now, before that hellish dystopia we all fear becomes our reality.

https://futurism.com/artificial-intelligence/99-percent-ceos-workers-ai-survey

You may now understand why employees' dissatisfaction at Dell sunk and will keep sinking.

PFNA has been running an extended behind the scenes reduction in force for several months now. They call it North Star. They are using 2019 headcount numbers as their target for work force reductions. It has resulted in thousands of position reductions. This year they have severance packages if needed to get to targets. There are interim milestone targets they are working against. But the "ZBB" group is going around the country totaling up reduction targets for all sites that will be then be enforced. This is hourly and salaried. Targets for salaried focused on a salaried/hourly ratio of 13:1 or higher; cross checked with the 2019 headcount. It's a top- down, arbitrary number. SOOOO much has changed since 2019. To try and hit that number is ignorant and will result in substantial performance outages. You may as well have targeted 1971! the logic is just as valid. Classic Pepsico compression productivity. you don't need real strategic business plans, just place arbitrary, impossible targets on your field and gut your capability. Indra perfected this predatory leadership. Her protégés don't know how to do anything else. Pepsico has always believed in cooking the golden goose. How Ramon, Steven and others made deliberate business decisions that cost thousands their jobs yet they continue in position is a damning indictment of the board. Where's the accountability? I guess it's the fault of the frontline? Couldn't be the C-suite's responsible? nah, right?

I know OI and OT / ETIPS did...

I'm looking for some assurance of safety, probably in vain. They always just keep coming back for more.

Don't get me wrong, it's still devastating for each of them, and I really feel for those affected. Every job loss hits a family, not just a person. But this wasn't the bloodbath everyone was expecting. Does this mean the big round is still ahead of us?

Santa Rosa City Schools trustees will discuss a $76,000 pay increase. This raise is for interim fiscal chief Luz Cazares. The district recently issued layoff notices to 80 staff members. Cazares is credited with helping the district avoid state receivership. Some staff members expressed frustration over the proposed salary hike.

Santa Rosa, California

https://www.pressdemocrat.com/2026/05/27/santa-rosa-school-board-to-discuss-76000-raise-for-outgoing-interim-fiscal-chief-after-sweeping-layoffs/

Future plc has proposed significant editorial staff changes. The company plans 45 redundancies across its technology titles. These affected brands include Tom's Guide and Techradar. However, Future plc is also creating 15 new roles. This restructuring will result in a net reduction of 30 positions.

https://pressgazette.co.uk/news/journalism-job-cuts-in-2026-updates/