#layoffs

Another round of layoffs planned for the first of next week. Nice job Marcus, what a visionary!

I mentioned earlier that it would be good to subscribe to Ignites.
The Boston Globe just put out an article titled "Fidelity Cutting About 1000 Jobs But Hiring More Than 5000, What Gives"
I am not going to subscribe to the Globe, but I'm sure it's an interesting read.

Im sorry to everyone affected, the market is he-l right now. oversaturaded is an understatement, not to mention meritocratic hiring practices have been done away with in exchange for inexperienced workers who will listen better and take less pay/benefits. If you got hit today, get out there ASAP. Do not wait.

How many people got impacted? What positions specifically got impacted in each BU? Any interesting people get laid off today?

I apologize to anyone dealing with the lay off. Both the website and dealing with being laid off. It’s one of the roughest experiences I’ve ever been through myself. But you will make it.

And if Fidelity is reading this, I will pay you to find whoever keeps making the Boston devops posts and take away their phone.

Verizon layoffs 2026: hundreds more jobs cut nationwide [ Yahoo Finance ].
Colleen Cabili
Thu, May 7, 2026 at 3:03 PM EDT

About six months after eliminating more than 13,000 positions in its largest-ever single round of layoffs, Verizon has confirmed a new wave of cuts totaling several hundred jobs across the country.

Without offering a precise figure, Verizon characterized the scope as under 1% of its global workforce, Business Insider reported. Smaller business units bear the brunt of the reductions, with Verizon's Basking Ridge, New Jersey campus seeing the heaviest impact.

"We're continuing to add head count to grow parts of the business that are growing while making targeted job reductions to portions of the business where this is needed," a Verizon spokesperson said in a statement.

At a time when many employers have pointed to AI as a rationale for headcount reductions, Verizon explicitly ruled out the technology as a factor in these cuts. Workers who lose their jobs can pursue any of the more than 1,000 U.S. roles currently listed on the company's careers page.

On last week's earnings call, CFO Anthony Skiadas described the company as operating with a leaner structure since the prior year's cuts and signaled that efficiency efforts would extend past 2026. During the same call, CEO Dan Schulman highlighted AI's growing footprint at Verizon, pointing to reductions in vendor support costs of up to 70% and a 40% gain in software code output.

When announcing the November 2024 cuts, Schulman characterized the scope as company-wide and said the savings would be redirected toward improving the customer experience.

https://finance.yahoo.com/markets/stocks/articles/verizon-layoffs-2026-hundreds-more-190352303.html

I see many Managers/GCLs, TLs are on PTO today, tomorrow and Monday what’s the logic behind it?

https://www.businessinsider.com/verizon-cuts-hundreds-of-jobs-in-latest-round-of-layoffs-2026-5

My partner works for AZ and in a recent town hall meeting they said they play to reduce costs by 30% by 2030 with AI being the main focus. Expect more layoffs to come

I don’t get the logic, everyone I know that was impacted is a top star employee.

Why the actual eff did HR get rid of everyone they did but not touch the hairdressers that came over during the pandemic, without a high school degree?!

Why did they let managers stay that have openly criticized their teams for so many people having college degrees, when they don’t?! HR believes people that are insecure about not having an education are a better fit for management?! No! The ones that have that bad of imposter syndrome should have been right sized.

I hate this layoff so much because the logic is zero.

Seems that employees over 50 were the largest group impacted today. Experience means nothing, loyalty means nothing, dedication means nothing. With age comes experience and sadly with longevity comes a higher expense.

What is needed is a class action suit against the company for age discrimination.

Just two years to go, yet every new round sends my stress through the roof. I made it through this one, but now I’m already wondering about the next. Living like this year after year is no way to treat employees.

Digital team was bracing for an impact .. hardly anyone impacted. It was surprising given how much Dan hates our digital experience.
All 3 layers of directors are intact before they hit working level team.

What the he-l are we supposed to do now?

It seems no one has mentioned layoffs in the First Friday Slack channel. People usually say or inquire about it. Only the sycophants were sending messages, it seems.

I was told a couple months ago that I needed to be working/leading all the channel deals in my pipeline which has su-ked with no pay increase. Now I have heard that the channel team is going away from my AE who is usually right. Wonder if I will not have to work with partners anymore. Anyone else heard this?

A production facility in Cullman, Alabama, has ceased all activity. This plant was involved in making mattresses. Its closure resulted in a significant number of job losses. More than one hundred individuals were impacted. The entire site is now permanently shut.

Cullman, Alabama

https://www.montgomeryadvertiser.com/story/news/local/2026/05/04/serta-simmons-closes-alabama-plant-101-laid-off/89898232007/

What if on a PTO today? Few in my agile team are on PTO today. What happens if they are on the list?

Central New York cities face significant budget shortfalls. Auburn, Cortland, and Watertown are experiencing multi-million dollar deficits. These cities are considering layoffs, pay cuts, and service reductions. Rising health insurance, pension costs, and stagnant state funding contribute to the crisis. Officials are also proposing property tax increases to address the financial gaps.

https://www.syracuse.com/news/2026/05/central-nys-mid-sized-cities-are-slashing-jobs-and-services-amid-a-bruising-budget-crunch.html

Milestone Technologies is laying off 105 employees. This decision follows the end of a contract. The contract was for services at Meta's data center. The data center is located in New Albany. Milestone Technologies' work at the campus will conclude.

New Albany

https://www.bizjournals.com/columbus/news/2026/05/07/milestone-technologies-meta-data-center-new-albany.html

Ticketmaster has laid off approximately 350 employees across its operations. These cuts affect various functions within the company. The firm aims to increase focus on fewer initiatives. It plans to bring more software development in-house. This restructuring prioritizes engineering, product, and design divisions.

https://www.iqmagazine.com/2026/05/ticketmaster-confirms-around-350-layoffs/

The Port Angeles School District projects a $1.9 million budget shortfall. This deficit is for the 2026–27 school year. Declining enrollment and rising costs drive this deficit. The school board will vote on a resolution to authorize staff reductions. Proposed cuts include teaching, maintenance, and paraeducator positions.

Port Angeles,

https://www.myclallamcounty.com/2026/05/07/port-angeles-schools-consider-layoffs-amid-1-9-million-budget-shortfall/

Armor-IIMAK will close its Amherst manufacturing plant. This action will lead to 199 job layoffs. Only just over 50 jobs will remain. The French company is consolidating its U.S. operations. A WARN notice was filed regarding these layoffs.

Amherst, New York

https://www.bizjournals.com/buffalo/news/2026/05/07/armor-iimak-amherst-plant-closing-layoffs.html

Did anybody impacted by layoffs get severance? Was it any good? Would anybody be willing to post what they got?

The article link posted here says a couple of hundred, but other comments here say up to 4,000. Wow! That’s quite a spread. I would think if it’s really in the thousands the company would have to mention it to the media?

Maximus Global Services cut 123 employees at Fort Lauderdale-Hollywood International Airport. The layoffs occurred on May 3, according to a WARN notice. Affected positions included customer service agents and cleaning staff. The company offers various aviation services like ramp handling and commercial cleaning. Maximus Global Services previously worked with Spirit Airlines employees.

Fort Lauderdale, Florida

https://www.usatoday.com/story/news/2026/05/07/florida-fll-ft-lauderdale-airport-layoffs-spirit/89974073007/

Durham School Services announced significant layoffs across multiple locations. However, its Berks County operations in Cumru Township remain unaffected. A spokesperson confirmed no job reductions are planned for the 51 employees there. The company is laying off nearly 300 people in Philadelphia and over 250 in New York. These broader layoffs stem from lost contracts with school districts.

Cumru Township, Pennsylvania

https://www.wfmz.com/news/area/berks/berks-school-bus-yard-not-impacted-by-parent-companys-major-layoffs/article_93576011-9fa7-4c09-977d-9d4599b49cbe.html

I just got a flash call put on my calendar for tomorrow at 8:30am. I can’t see who else is in the meeting, but it’s with my CAL. Any insight on what this meeting will be? Will layoff notices continue to be sent out tomorrow? I thought people would be informed today.

SSM Health laid off most of its virtual behavioral health integration team on February 4. Therapists like Taylor Lazar provided free mental health services to patients. The program helped patients in crisis and prevented hospital admissions. These layoffs raise concerns about mental health care access in Wisconsin. Many areas already face shortages of mental health professionals.

Madison, Wisconsin

https://madisoncommons.org/behavioral-health-therapist-layoffs-at-ssm-health-add-to-concerns-about-mental-health-care-shortages-in-madison-and-across-wisconsin/

No news so far but folks are getting meetings from their manager/skip manager etc. Any VP IC - any layoff impact you faced?

Four people, all in their 50s and above. I'll be honest, I have no idea how we're supposed to continue without them, especially since we were stretched thin as it is.

It’s been almost a year since I was laid off from Sharp, and I still haven’t been able to find a job. I’ve submitted 92 applications, tailoring each resume to match the job description and improve my chances with ATS systems, but I’ve only landed six interviews. At this point, I can’t even secure a help desk or customer support role, despite being willing to take a 50% pay cut.

Even contract positions are difficult to get because so many people are out of work and competing just to survive. More of my family and friends are experiencing layoffs as well, especially in the healthcare sector, where some hospitals are now financially vulnerable and at risk of closure.

My unemployment benefits have ended, while the cost of gas and food continues to rise across the U.S., adding even more pressure on families already struggling to get by. These are deeply difficult and heartbreaking times.

Sturm, Ruger & Co. implemented job cuts earlier this year. The firearms manufacturer disclosed these layoffs in its first-quarter earnings report. This "reduction-in-force" occurred in February as part of a restructuring effort. The company aims to improve efficiency and support long-term growth. Ruger recorded $2.5 million in severance and related expenses.

Southport, Connecticut

https://hartfordbusiness.com/article/ct-gunmaker-ruger-discloses-layoffs-amid-restructuring-efforts/

Heard Santa Rosa will be closed - 2 year timeline, but they are going to try to shut everything down within a year. Many teams at the site completely laid off. Waiting to see what happens. Grapevine news is that there will be an onsite all-hands tomorrow morning with VP coming onsite.

Can somebody share what happened at the all-hands?

Verizon is cutting several hundred US workers. This action follows 13,000 job reductions in November. The current cuts represent less than one percent of its total workforce. Impacted employees are located across the US, with a focus on New Jersey headquarters. The company confirmed these layoffs are not due to artificial intelligence.

Basking Ridge, New Jersey

https://www.businessinsider.com/verizon-cuts-hundreds-of-jobs-in-latest-round-of-layoffs-2026-5

The Palm Beach County School Board approved a 3.5% pay raise for teachers. This decision followed months of negotiations with the Classroom Teachers Association. The district warned 250 employees could face layoffs to balance the budget. These cuts may affect teachers, administrators, and office assistants. The teachers union must still ratify the agreement for it to become final.

Palm Beach County, Florida

https://www.wpbf.com/article/palm-beach-county-teachers-win-pay-raise-as-district-warns-of-layoffs/71241817

U.S. employers announced 83,387 job cuts in April, a 38% increase from March. This total marks the third highest for April since 2009. Technology companies led all industries in layoff announcements, often citing AI spending as a reason. Artificial Intelligence was the top reason for job cuts for the second consecutive month. Overall hiring plans decreased significantly in April.

https://www.challengergray.com/blog/challenger-report-april-job-cuts-rise-38-from-march-ytd-cuts-down-50/

A&O Shearman is streamlining operations. The firm is cutting business services roles in its London office. Approximately 20 positions are impacted. These cuts primarily affect IT, finance, and marketing teams. This follows previous headcount reductions in 2024.

London

https://abovethelaw.com/2026/05/more-post-merger-layoffs-come-to-ao-shearman/

Do we have any indication on how the layoffs will be structured? Just today? Weekly? Daily? Who knows?