#layoffs

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Job cuts ongoing at Michigan State University

  • Michigan State University is reducing its general fund spending, leading to potential employee layoffs and job changes.

  • University officials estimate around 200 jobs could be eliminated, though the final number is still being determined.

  • The university plans to cut its general fund by 6% this year and a total of 9% over the next two years.

https://www.lansingstatejournal.com/story/news/local/2025/09/15/layoffs-michigan-state-general-fund-budget/86100312007/


Verizon's automation bet may erode its future value

A company like Verizon, which provides a consumer service, is fundamentally dependent on a healthy and stable customer base. By adopting a strategy that prioritizes short-term financial gains from cost-cutting at the expense of its workforce's stability, it is playing a dangerous long-term game. The evidence suggests that a business that fails to add societal value by being a stable and responsible employer will likely face a downward spiral of a damaged brand, customer churn, and ultimately, lost revenue. The very technology that is supposed to make the company more profitable could, in the long run, lead to its economic decline if it guts the consumer base that is essential for its survival.


A few years left

Verizon's strategy of using technology to become more "efficient" and cut its workforce is harming employee morale. The company's relentless focus on cost-cutting and a perceived lack of value for its employees will, I hope, lead to a downward spiral in public perception.

Verizon is offshoring jobs to India and Ireland and plans to significantly reduce its engineering workforce over the next few years. The company has already completed AI test cases for some roles, indicating a future need for only 10% of the current team. Even more cuts are expected with the development of 6G and a "touchless network." Verizon's focus on short-term financial gains will likely outweigh the long-term public and economic fallout.

Since 2012, Verizon has laid off around 48% of its workforce. These employees had families and friends who most likely used Verizon's services, and I'm sure the company has lost those customers and will lose more with future layoffs. When a company lays off a large number of employees, those former workers will voice their frustration online, damaging the brand's reputation.


John Deere announces further job cuts

  • John Deere is laying off 141 employees at its Waterloo and Ankeny plants due to decreased demand for agricultural equipment.
  • These layoffs are in addition to previous workforce reductions in Waterloo and Illinois announced in August.
  • The company has laid off about 2,200 employees in Iowa since April 2024 amid a struggling farm economy.

https://www.desmoinesregister.com/story/news/local/2025/09/17/john-deere-layoffs-ankeny-waterloo/86203753007/


14 Years Down The Drain

I was let go today after being with the bank 14 years. Curious if I was targeted to prevent a potential much bigger severance at 15 years.

Is there a way to change withholding to have less taxes taken out of severance?

Although I'm not surprised because I've watched things change for the worse. But I didn't see it coming because there are other job openings in my department. Same old sad story of a decent employee who thought they'd retire with the bank.


And This is OK?

For the last 3 years Phillips 66 has been undergoing what Go Go calls Business Transformation. "Transformation" has basically consisted of laying off a few employees at a time once or twice a year and vague promise that things are going to improve in some future year.
The objective of this transformation was to unlock value in the stock price to bring it more in line with our 2 main peers. It has failed miserably at this goal, as of today our stock price is $30 dollars and $50 dollars lower than our 2 main peers stock price.


Dear @Mr. LBT, Please allow for voluntary leave options with severance packages. Thank you!

Dear @Mr. LBT,

Please re-open voluntary retirement and severance with package options for your employees.

Many of us have now changed our minds and would like the option to leave with a severance package.

This will benefit both the company and employees. The company needs to reduce head count to 75k and this allows employees who feel that they are no longer able to contribute to Intel's success to leave on one's personal choice.

We do not want to leave without a severance package, as for many we don't have the luxury of doing so. However, with a severance package, we have a buffer and confidence needed to move on.

We wish you the best of success LBT! However, many of us do not have the courage to ride out the rough waves with you.


Sept 29 Rumors Summary

Looking to summarize the rumors over multiple threads surrounding potential Sept 30 announcements. Note that some rumors are of course contradictory.

  • sale/closure of Fife
  • sale/closure of Fawley
  • sale/closure of Chem plants on European Continent
  • upstream layoffs in Germany
  • sale of Imperial Oil
  • XOM buyout of remaining IOL shares with removal of redundancies
  • sale of Kearl
  • merger of Upstream Operations with EMPS
  • sale of Quarry Park with employees moved downtown Calgary
  • sale of Quarry Park with employees moved to Edmonton
  • sale of Quarry Park with Employees moved to Edmonton/Sarnia (US/DS)

Something to keep in mind right now

Job scams on the rise as layoffs surge in US

  • Job scams have risen by 118% in recent years as layoffs continue to rise this year.
  • A study found Nevada to be the most vulnerable state when it comes to job scams.
  • You can try to avoid job scams by staying alert and doing your research.

https://www.fox26houston.com/news/job-scams-rise-how-protect-yourself


Nobody is safe from this

Please don’t believe people who say this will be based on performance or value. We all know that’s not true. This is about numbers and nothing else. If your number’s in their sights, you’re gone even if you’re the most valuable and experienced person on your team. They don’t care. We’re all just numbers to them.


take the package (if you can)

drivers who are eligible should retire now if they can and take the package...

it looks like they are offering full pension benefits and current health benefits, though each person will need to pay about 200. the only question is whether ups will cover accrued vacation time if drivers accept the buyout. older drivers will see route changes as package volume declines. younger drivers with less seniority will face layoffs or be forced to work two hub shifts.

low-seniority hub employees will likely be laid off. i feel bad for operations supervisors, especially the older ones, because they will be overworked and mistreated. ups seems to be pushing them toward retirement or waiting them out until they pass.


Penske and others (layoffs)

Over 100 employees in Illinois will be laid off in the near future.

109 employees at three companies were informed of upcoming job losses due to mass layoffs and branch shutdowns, according to data that is part of the Illinois Adjustment and Retraining Notification Act (WARN Act).

Which companies will be laying people off?

  • The Roomplace Furniture and Mattress LLC, 1000 N. Rohlwing Road, Lombard
  • Penske Logistics LLC, 1835 W. Jefferson Ave. Suite 103, Naperville
  • Touchpoint Support Services (at Ascension Living St. Anne Place), LLC, 4405 Highcrest Road, Rockford

Reasons for the layoffs:

  • The Roomplace Furniture and Mattress is closing a location, affecting 35 employees
  • Penske Logistics is laying off 37 employees as part of a mass layoff
  • Touchpoint Support Services is laying off 37 employees as part of a mass layoff

What is the WARN Act?

  • A WARN layoff is a plant closure or mass layoff, according to the Illinois Department of Commerce & Economic Opportunity
  • Employers must notify the state when they plan to lay off workers
  • In August 2025, 10 businesses reported layoffs affecting about 1,000 Illinois workers, including financial services companies, janitorial contractors, a senior living community, and a nursing care facility

Monthly WARN reports are available online.


Q: Layoff vs. Relocation Package

Does the relocation package offering follow the same Tuesday after pay week timing like the layoffs, or is it different? Still a 30 day period to decide on relocation package offering accept or decline?

Any other comments from someone having recently gone through this is welcomed.


Let's help make Progressive #1 - Get out the word! Go Progressive!!!!!!

Please, please, please move all your insurance over to Progressive to help them expand their #1 position. Tell all your friends and family. State Farm is too expensive, we all know the service su-ks with the trash we hire and hit useless agents and Execs in the pocket book. If we can help SF shrink more and make the Execs look bad, they will have no choice but to start cutting people and offering the severance to more people. Especially for those of us in claims who just want the he-l out of the total dumpster fire. Between the MT legacy and "2040 cancer" that is eating away everything once decent about SF, it needs to be known as the greatest disaster in the history of business. This place is a total sh-t show.


Ford Layoffs a Sign of Its Crippled EV Business - 1000 Employees

https://247wallst.com/investing/2025/09/17/ford-layoffs-a-sign-of-its-crippled-ev-business/

It's about time Ford realize that it cannot compete in the EV business. Loosing $5billon per year with no end in sight is not a good business strategy.

Ford will need to lay off more of Model E and retreat. Join venture with another Chinese EV manufacturing company, build them in China, and ship them to the US just like what GM is doing.


Layoffs info

Layoffs across the USA as kyndryl’s new US president Rutledge is demanding grow or else mindset; senior mgt is being shuffled, senior leaders and experienced ppl ousted, they are back to the IBM ways of cut to get growth, which is like throwing the baby out with the bathwater!! Goal is 1400 US ppl laid off - these are ppl making average 150k base pay…. This is how they make growth targets!

Bumping this from @44z+1k33fss5e for info.


Shocking, right?

  • XAI tapped a recent high school graduate to lead its data annotation team.
  • Diego Pasini began leading the team in early September amid leadership changes and deep layoffs.
  • Pasini's LinkedIn says he's "on leave" from his studies at the University of Pennsylvania.

https://www.businessinsider.com/xai-data-annotation-leadership-college-student-diego-pasini-layoffs-2025-9


Layoffs in EMEA begins

The town hall meeting in Ireland was very brief, lasting less than seven minutes.
Employees were not given an opportunity to ask questions, and participants could only see the two organizers on the call. Attendance was limited to the lines of business directly impacted.

Key points communicated to employees:
A Collective Redundancy Scenario will take place.
No specific organization was named.
113 roles in Ireland will be affected:
14 in Finance
21 in Marketing
78 in Engineering/Technical
The consultation period will begin on Friday, 19 September.


Cuts in Germany

The automotive industry is faltering in more ways than one, and layoffs appear to be a direct result of the struggle. The Ford job cuts in Germany are the latest sign of challenging times in the EV industry. This week, Ford Motor Co. announced that it would cut 1,000 jobs in Cologne, where its electric auto plant was floundering after lower-than-expected demand for its battery-powered cars.

https://www.thehrdigest.com/ford-germany-job-cuts-announced-layoffs-lead-the-automotive-industry/