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U.S. layoffs decreased overall in early 2026. The technology sector experienced a rise in job cuts. Tech companies cut 85,411 jobs this year. This is a 33% increase from the same period last year. Artificial intelligence spending is the main reason cited for these layoffs.
https://www.kron4.com/news/technology-ai/layoffs-down-in-2026-except-in-one-field/
Fidelity is implementing job reductions this week. Reports indicate 800 to 1,000 positions are affected. These changes follow a recent office return directive. The firm also plans to hire thousands of new staff. Restructuring impacts technology and product groups.
Boston, Massachusetts
https://www.thinkadvisor.com/2026/05/07/fidelity-laying-off-staff/
The Alamo region experienced significant job losses. Over 1,200 layoffs occurred through April. This number nearly matches last year's total. The region is seeing a rapid increase in job cuts. This trend indicates a challenging economic period.
San Antonio, Texas
https://www.bizjournals.com/sanantonio/news/2026/05/08/recession-gradual-sudden.html
Ohio's labor department issued several WARN notices in April 2026. These notices came from multiple employers across the state. Over eighteen hundred workers face layoffs or closures. Refresco will end manufacturing operations in Toledo. Other companies like First Brands Group also filed notices.
, Ohio
https://www.cincinnati.com/story/news/2026/05/08/ohio-companies-layoffs-closures-april-2026/89977192007/
Management announced the shift to the "New Technology and Product Model" yesterday, effective June 1. They are framing the 1,000 cuts as a "skills reshuffle" to make room for 2,000 early-career hires.
To those in Tech/Product: How is your leadership actually mapping this? Is your "squad" being dissolved into these larger teams, or is this just a way to cut senior headcount before the RTO mandate hits in September? Curious if anyone has seen the new org charts yet or if we’re all just flying blind until June.
Don't pick up any extra work! If you do, you're just validating this leadership in thinking we can do more with less. You're making it seem like it was justified that they removed people since everything is getting done with fewer people. They don't give a damn that means that those who are left are breaking their backs trying to keep things running. They just see it's getting done and patting themselves on their backs. So don't do it. Make yourself busy whenever asked to do this or that if it was not part of your job before. And if you're worried about how that'll reflect on you, I've been doing it for two years and I'm still here.
Cloudflare announced layoffs for over a thousand employees. The company cited increased AI usage as a primary reason. Cloudflare's AI usage grew by over 600% in three months. The job cuts are not for cost-cutting or performance assessment. Cloudflare's stock dropped 18% following the announcement.
San Francisco, California
https://www.kron4.com/news/technology-ai/sf-tech-company-cloudflare-to-cut-over-a-thousand-jobs-cites-ai-as-reason/
He had just under 3 years, turnover went down from $14billion to $12billion. Share price down from $24 to $9 staggering -65% decline.
AI dream not producing any revenue, employees underpaid, Execs doubled their pay, layers of useless people given fake roles like Cumhire, Danny, and others. Its become a joke.
Wall Street is fed up of next quarter, next quarter excuses, never generating revenue. Bye bye Rahul you did very well out of it.
Said clearly on the earnings call , 150 million left for open reduction this calendar year
1 billion left in the overall plan , to be achieved with AI agents
Summary : more layoffs before end of June and anyone doing manual work to be replaced with automation in the next 12-24 months
I am hearing today will be layoffs focused on QA and redundant engineers. And the scrum and product layoffs will continue for another two weeks. Anyone else heard it? Kind of worried.
If any VPs or EVP are in this form. Please please and please request Dan to do everything in one single go and stop these RIF. People's are mentally challenged everyday by listening to rumors and fake news. Be bold and if Dan requires customers to be his first priority then give employment to his beloved customers and run this company with customers and remove all employees ( Onshore and offshore)
I was not laid off but am not happy with layoffs and very sad to see close people leave. I will have a lot of work and be miserable. Can I get a package to leave Fidelity? Could I return later?
Recently a number of colleagues received performance letters that clearly state they need to be 100% for Q2 or they could be subject to termination based on their performance.
Do you think this is a way for MO to downsize the company without having to pay a severance? I don’t buy for one second that he wants to add more sales representatives. We have downsized starting all the way at the top (I.e ZVP’s/Sr. Dir) but the layoffs never really hit sales.
As a rep, it will be open territory season soon. Get your popcorn ready! I feel bad for my manager. I doubt they will backfill the positions. Managers/directors will get stuck with the quota with little to no production coming out of the territory. I am sure they will be pi---d considering they are paid based on percentage of plan.
Once again, they're going after veterans, experienced folks, quick thinkers, and problem solvers. Exactly the people teams need to function. You could almost believe they don't care about the company's future. And they don't. As long as the top and the shareholders get their value, nothing else matters. I just wonder when the bottom finally gives out.
It has been circling the drain for 10 years.
I'm so sorry for everyone. I truly hope everybody gets lucky and lands a decent job fast.
Major announcement in ECS. UHG has determined it is cost effective to offshore pre authorization services for LTAC, IRF and SNF to the Philippines. 30-40% is caseload gone. Member PHI to be handled by 3rd world
Did any FTS folks get the axe?
They got rid of the mandatory furlough just a few weeks before the sh-t hit the fan. In retrospect, that feels very telling. Make the contractors work every holiday now that they canned everyone else.
And no amount of OT you can chase is ever going to make up for the $30k bonus that other dude got last year — while also getting paid vacation time and holidays with his family instead of toiling away like some bottom feeder. That’s how they see us. Disposable labor.
Don’t let them take your soul. Do whatever you can to let the contract lapse and collect unemployment if possible. Use this as a runway to get the fu-k out.
And if you’re FTS and got laid off:
How many years were you there?
Did you get any kind of package?
Or were you just completely SOL?
Because in FTS land, contractors are treated like the trash beneath the trash pile — completely disposable.
My contract is up in a few months, and I’m wondering whether they’re just going to let contracts lapse or try to force all of us into full-time RTO without any increase in pay or benefits.
They need to pay me more to be onsite full time, and their legalese is not magically going to protect them. Up until literally last week, leadership messaging was that we would never be required back full time. That was the understanding many people accepted when agreeing to these roles.
Use this moment as your runway:
Ask for more.
Push back.
Or safely get the fu-k out of this shell game.
The longer you stay in contractor land, the more years of your life you are tossing into the fire.
They will never voluntarily give you benefits, vacation time, a 401(k) match, or meaningful raises. And if, by some miracle, you finally get a conversion opportunity, they’ll often lowball you so hard that you either:
1. Stay a contractor out of necessity, or
2. Convert while feeling deeply resentful and underpaid.
Someone I know was there for over five years:
• Underpaid
• No vacation
• No bonus
• No 401(k) match
• No raises, not even cost-of-living increases
• Overtime never approved
• Still expected onsite the same amount as FTEs
And when they finally tried to convert, the offer was reportedly so low it felt insulting and demoralizing.
Do not get trapped in contractor land.
FTS feels like a shell game, and honestly, a lot of this starts raising real questions about worker classification and fairness. Massachusetts has strict contractor laws and the ABC test for a reason.
If people feel they are being misclassified or denied lawful compensation, they should absolutely consider speaking with an employment attorney or contacting the Massachusetts Attorney General’s Office Fair Labor Division to understand their rights.
Also, if contractors are truly separate workers through a staffing agency, it raises questions when internal skip-level managers are effectively controlling compensation conversations while simultaneously claiming they cannot know contractor pay details.
Like any contracting arrangement, if someone is making $50/hour and the vendor is billing dramatically more for that labor, there should be room for fair treatment, annual increases, and basic respect for long-term workers.
At some point, companies have to stop treating experienced contractors like permanently temporary people.
ProTip: In MA you can file a complaint with the Massachusetts Attorney General’s Office Fair Labor Division, and enough people reporting similar sh-t can absolutely trigger a larger investigation into misclassification or wage violations.
And honestly? Use AI to help draft it. Why spend hours stressing over wording when you can dump your timeline into ChatGPT or Microsoft Copilot and have a solid draft in 4 minutes.
File here: MA AG Workplace Complaint Form
what group & what excuse… Dallas move, outsourcing, AI?
https://www.startribune.com/medtronic-restructuring/601838496
This is a bold statement by the Medtronic spokesman.
“ The restructuring is one of several since 2020, and employees have reported the latest one is occurring in tandem with layoffs.
A Medtronic spokesman declined to confirm any layoffs, saying in an email that he would not comment on “rumors of staffing changes.”
He added that the company’s hiring in recent years has outpaced any reductions — especially in the United States.
“What I will point out is that as Medtronic sharpens its focus on high-opportunity, high-growth areas, we’re making thoughtful decisions about where to invest,” spokesman Justin Paquette said in an email.”
Any guesses on total headcount reductions?
Soooo many posts on LinkedIn in recent weeks of coworkers across multiple departments who’ve been here 5/10/15+ years leaving for better opportunities. Proactively leaving and not waiting for next round of layoffs in case they get hit next. Good for them and god help us who stay on this sinking ship thinking anything will change.
I was laid off today and just sat there like “now what?” What are your plans for now to the end of the month?
I’m thinking to just show face at daily meetings, don’t do anything else and ignore 90% of teams and email messages. I mean this was worst case right? They can’t really do anything else?
Please comment with additional information regarding the state of dysfunction @ L3H
After todays announcement, it's sure 100% layoffs are happening, do you know what will be the severance, if they will do mass layoffs do you think they will increase severance?
Is it over?
They say another big round will be on May 13. Did u hear anything?
https://www.pressdemocrat.com/2026/05/07/medtronic-leaving-sonoma-santa-rosa/
AVE in Santa Rosa literally helped build the coronary and SH business for medtronic, otherwise they would be still selling just batteries
It’s very sad what they did to Santa Rosa over the years. I started my career there and spend 10 wonderful years it su-ks that GM and his bunch of cronies will keep buying more houses in Florida and Hawaii while the average people with kids and mortgage lose their jobs.
GM has to be the worst CEO in this company’s history. Great job GM
Frontier did a round of lay-offs today. Not sure if company wide or just IT. A lot of senior leadership leaving. Off the books by June 5th.
https://www.reuters.com/business/verizon-cutting-few-hundred-jobs-nationwide-2026-05-07/
do we need to worry about our firm?
They will keep all your FHA monies!!! The money you put in and the money they put in will be consumed by MDT after the 60 days. USE IT NOW! I lost 1200 dollars when I got laid off.
Google says vz has 89,900 employees. The count of contractors is not available. Could contractors be included in the "total" global workforce count (as referenced in several new stories about the firings)? The number of fulltime employees is 89,900 (per Google). The count of contractors could be 10K, 50K, 100K....
I have a feeling the real thing is yet to take place.
I get that being played off can be really stressful. More so now than ever companies are showing us how little we all matter. If you’re on the finance side of Fidelity, have you ever given thought to using your skills for yourself instead of a company? I did two years ago and have been doing well since. Just some food for thought
I guess being laid off is my anniversary gift? Fu-k them.
https://hr.economictimes.indiatimes.com/news/industry/kyndryl-plans-job-cuts-forecasts-pretax-profit-below-estimates/130876556
once you are made redundant, are you ready to go back in there? will jobs change or disappear at other companies too because of this AI implementation? "This company's issue isn't profit, it’s growth." The company must grow to remain competitive; if other companies adopt AI and have fewer roles, then this one must do exactly the same and, as it appears, these are years where they are only letting people go. Are you ready for a world where you just can’t make ends meet because no company will ever need a human doing the job? Am I being too catastrophic or simply this issue is not getting addressed enough with governments and the public?