#layoffs

https://www.theportugalnews.com/news/2025-10-17/microsoft-portugal-laying-off-staff/903811

Anyone else?
I've read several posts here and elsewhere that Cigna-Evernorth-Express Scripts Layoffs in first and second quarter of 2025 targeted employees with open, active, or recently returned FMLA. I was told job elimination. I was given 2.5 month with LHH but could never get communication from Rep for job postings. Spoke to co-workers in positions I applied that were hiring managers and they never received my application. There also seems to be several people over 40, within months of 20 years, and with high cost health conditions that makes me wonder why such a high percentage of this population seems to have been targeted when same/similar roles and titles of under 40 and without FMLA were not. Can companies access health records to thin the herd?

It’s been a literal bloodbath, with little to no official information, and people are reporting layoffs basically everywhere. The US seems to have been hit especially hard. This tells me we’ve been in worse shape than anyone thought, and that this round is just the beginning of more chaos. If the rumored numbers are true, there’s no coming back from this to anything even remotely resembling BD as we knew it.

Comcast Corp., owner of the nation’s largest cable TV and broadband provider Xfinity, informed the state on Wednesday that it will eliminate 302 positions at its West Division office in Centennial at the end of the year.

The company, one of the largest private sector employers in the state, said it would close its West Division headquarters at 9401 E. Panorama Circle in Centennial as part of a larger streamlining that will remove all three divisional headquarters.

https://www.denverpost.com/2025/10/16/comcast-layoffs-centennial-colorado/

This whole thing’s being handled so badly it’d almost be funny if it wasn’t so sad. Too bad these are the ones deciding all our fates. We all know we’re sc--wed.

It feels like every few months someone else is being shown the door, and it’s taking a real toll on what’s left of the team. We lose skilled people faster than we can train new ones, and the work keeps getting shuffled around until no one really owns anything. Morale is at rock bottom because nobody knows if they’ll be next, and that kind of fear makes it impossible to do your best work. What’s worse is watching all that experience walk out the door straight into our competitors. If leadership doesn’t stop treating layoffs like a fix-all, there won’t be much of a company left to rebuild.

Nothing yet filed for Target for 2025 -

https://mn.gov/deed/programs-services/dislocated-worker/dislocated-worker/news/

Don;t know if this is the "official" place to see these, but this is what I've used before.

Hi Y'all, I know I am the worst thing that has ever happened to this once great firm. I know I am bringing the worst leaders the business world has to offer in and giving them GP payouts from day one instead of rewarding the long-tenured associates who have helped build this firm to what it once was before I took over the reigns. I know I personally brought in DC, the most cringeworthy leader in the history of the world. I know I am not qualified to lead a group of first graders on a school field trip. I know I have lost the trust and respect of everyone at the firm, including those closest to me even if they smile at me while I am in the room. But, please grant me grace. I only have a few more years until I age out of my position. That means I only have a few short years of attaining my vision of cashing annual checks in excess of $29 million while cutting people making $50,000 per year and deciding which utility bill to pay this month. You people do not understand how tough of a position I am in. This is about me and how you can serve me, oh and the firm, don't forget about the firm, oh and the clients, can't forget about the clients, I guess (McKinsey, am I saying that right?). Remember, this is not about you and your lives. You are just cogs in the bigger picture of allowing me and my husband to fulfill our dream of running a Fortune 500 company that has excelled for over a century into the ground and then taking a golden parachute as I leave a trash heap for those who remain. Please grant me grace. It is tough when I see someone knowing they secretly hate me. The rest of the associates at the firm have it so easy. You guys show up everyday, do a great job, treat people with respect, and have integrity. You guys are respected. You do not know what I have to deal with being not only not respected, but despised. So, please grant me grace as you sit in your unheated house because you cannot pay the power bill this month. My life is tough. You little people will never understand how tough my life is. Ok, I have to go now. I have another summit to attend while wearing an airbrushed blazer speaking to branch associates because I am afraid to address home office associates now. I have to practice pulling the wool over people's eyes who are not in the home office and may not know what is going on. Remember, "We are all One Edward Jones (well, until I lay you off and give your job to someone in India)!

A month after the CDAI head got layered, nearly all of his directs were let go or moved elsewhere this week. We all saw it coming as this was a poorly run org that SVP never cared for.

Boston consulting group was brought in and looked at RD TES and EHS. Look for more layoffs in these areas. EHS aligned to M&E likely will be a hit here too

Are we paying attention to FRED - why are banks frantically sell off Treasury bonds and Mortgages?

Banks are saying they have a capital and liquidity issue. They are selling off all their bonds (like taking your gold and diamonds to a pawn shop) and mortgage securities (like taking your clothes, food, and furniture).

USAA (and navy fed) is in a worst case scenario as most of our deposits come DoD / Government pay (or social security) food stamps no longer being paid out, etc.

2021: zero banks went to repo market to sell or "pawn" assets
2022: zero banks went to repo market to sell or "pawn"assets
2023:zero banks went to repo market to sell or "pawn"assets
2024:zero banks went to repo market to sell or "pawn"assets
2025:zero banks went to repo market to sell or "pawn"assets
2025: Sept $6.5B in treasury and $1.5B in Mortgage Backed)
October: $6.6B in treasury and $8.6B in Mortgage Backed)

Also, look at the dates - its right before pay day. USAA was expecting $7B in direct deposits on the 30th and 15th. In Sept we utilized the remaining liquidity we had and went to repo market. In oct looks like we sold a LOT and are paycheck to paycheck.

Layoffs will be the least of our problems - hint, change your direct deposit to your alternate bank. Another hint, yea someone will most likely bail us out - but with their company.

(this topic is much deeper and more complex) this is just the high points with a few facts.

https://www.newyorkfed.org/markets/desk-operations/repo

Imagine how bad the Q3 results are. I was pi---d and I'm not happy to be in these cuts and scrambling for work, but I am happy to be out of that toxic mess. Please let us know who were cut what a mess the next town hall or the earnings call is.
Soulless pricks in this leadership team that has buried a 120 year old company. What a bunch of complete losers.

Word has it that from Dec those not already claiming will be barred from entering EAP for OOK. Let’s hope the VP get cold feet.

Can somebody PLEASE state if they've started notifying people already or if the layoffs will start sometime next week or at some other point in the future? The lack of available information is stressing me out, to put it mildly.

I like to drink beer while working.

Not trying to stir it up but someone outside of Chevron was told by a Chevron insider that there’s another layoff coming soon. Anyone else heard the same?

Trolls bug off.

fun fun......

Restructuring Budget (FY 2026): Up to $1.6 billion
Implied Layoffs: ~10,000 – 20,000 employees (depending on mix of roles and regions)
Early FY 2026 confirmed layoffs: ≈ 3,000 – 5,000 publicly reported so far

Remaining reductions likely spread through late 2025 and 2026 as part of Oracle’s AI-driven reorganization and cost optimization efforts.

Had long talk with my VP. Confirmed large cuts and outsourcing 2026. Budgets close to final 2026 but churn still and earnings. I am probably safe he emphasized LBT wants radical change but feels most old timers are lost entrenched and beyond change ability. Losers. Bringing in new talent at top level and at every single level. Expect focused effort at removing all managers directors VPs which are not top 25% and not Dee technical Same with Gr9 and Gr10 Eng who haven’t implemented or wrote specs in years. get rid of PowerPoint professionals.
Going to be a wild ride. 2025 looks like minor change to what is ahead.

Are there going to be layoffs at the local O&Os?

Any layoffs in Atlanta office?

Any details on what happened today?

VCG Operations, CX
Value Operations, CX, Marketing, anything and everything that can be outsourced
Training
HR

so do not complain here, just go and see what other companies are doing.

it's rough.

I’m hearing a lot of rumors about possible RIFs at Verizon, and I’m wondering if anyone knows whether remote or hybrid employees could be more at risk. Do you think Verizon might target work-from-home employees first, or is that just speculation?

I’d like to hear what others are seeing in their groups and whether RTO status is actually a factor when it comes to layoffs.

Electronic Arts (EA) was recently bought out by a consortium that is made up of Saudi Arabia's Public Investment Fund (PIF) and Jared Kushner's Affinity Partners investment firm for $55 billion. Now, a union representing EA workers has publicly opposed the sale and privatization of the company, saying employees weren't properly represented during the sale negotiations.

The statement names the United Videogame Workers-CWA Local 9433, along with the Communication Workers of America (CWA), as now very concerned that the privatization of EA will lead to company layoffs. The union states EA is "not a struggling company," with "annual revenues reaching $7.5 billion and $1 billion in profit each year".

https://www.tweaktown.com/news/108308/ea-workers-fight-back-union-slams-dollars55-billion-saudi-backed-buyout/index.html

That’s insane if true. Can anyone confirm or share details? This is beyond alarming. Good luck to all of us.

When’s the breaking point, the moment everything just falls apart because so many critical roles are gone and there aren’t enough skilled people left to carry the work?

RTO is just one of them. I hate this company and my job. If there were any real opportunities out there right now, I’d be out the door in a second. As things stand, we’re all just at the mercy of swelling corporate greed.

And we still don’t know any numbers yet. Wishing everyone good luck.

It’s also not too far off from closing its major acquisition of Lehigh Valley Health Network, back in August 2024, the latest in a decade-long stream of merger deals that swelled the organization to 32 hospitals. Jefferson had already cut 171 workers in January by outsourcing several back-office functions after the merger, and before, it that had cut around 400 as part of a 2023 restructuring.

https://www.fiercehealthcare.com/providers/jefferson-health-laying-roughly-650-employees-amid-significant-financial-headwinds

I can’t wait to be one of the “chosen ones” in the upcoming cuts. But I’m truly sorry for my younger colleagues, especially those carrying heavier burdens than most and now facing the possibility of losing their jobs. It’s brutal out there right now, and for the sake of the many good and decent people I’ve met here over the years, I really hope things improve soon. When they do, never tie your entire career or self-worth to one company. Your true value is yours alone, not defined by corporate expectations.

14K (20% of the corporation) laid off today or the coming days. All segments, all areas of work.

They could’ve at least given us some kind of heads-up. I’m afraid nobody can really consider themselves safe right now.

Iger has no creativity!

He buys other IPs and cuts jobs to make up the deficit he causes!

As long as he is in charge, no job is safe-except for his of course!!!

I’ve heard all kinds of numbers, with some rumors going as high as 7000. Nobody in my immediate team was affected, but we’re a fairly small group.

The job reductions, amounting to about 6% of the workforce, will occur over the next two years, the maker of Nespresso coffee capsules and KitKat candy bars said Thursday. The jobs announcement came alongside a 4.3% rise in third-quarter sales, driven by higher prices and improved real internal growth — a key measure of volumes closely watched by analysts and investors.

https://finance.yahoo.com/news/nestl-shares-soar-sales-rebound-071714788.html

Every morning, at 7 am sharp the game begins for Booz Allen employees. Count on it no matter what Booz Allen leadership preaches. So, when the music stops, if your left standing without a chair you'll be issued a layoff notice within days if not hours. There are many people inside the company desperately looking for new work. Unfortunately, if you are one of them. Your given an unrealistic amount of time to find new work before a layoff notice is issued to you.

What’s the delay in divestment of the NaKika and Mad Dog assets?
Any update on the layoffs anticipated for November?