#layoffs

Activist investor Ryan Cohen has proposed acquiring eBay Inc. He sharply criticized eBay's current operating structure and large workforce. Cohen stated that 11,500 employees do not make sense for an asset-light business. He plans aggressive cost-cutting and headcount reductions if his bid succeeds. This strategy aims to increase earnings and accelerate innovation.

https://www.benzinga.com/markets/equities/26/05/52311822/ebay-layoffs-looming-ryan-cohen-says-11500-headcount-doesnt-make-sense-fwor-asset-light-business

Coinbase is laying off 14% of its workforce. This amounts to approximately 700 workers. The company is shifting efforts toward artificial intelligence. CEO Brian Armstrong cited a volatile crypto market and cost-cutting needs. Restructuring efforts will cost $50 million to $60 million.

San Francisco, California

https://www.sfgate.com/tech/article/coinbase-layoffs-2026-sf-22242957.php

G-b bless y’all tomorrow!!!

The Camden School District laid off around 100 employees recently. Students, staff, and community members strongly opposed these job cuts. District officials stated the changes are part of a restructuring effort. They aim to eliminate some positions while creating new ones. Affected staff are encouraged to apply for the upcoming roles.

Camden

https://www.nbcphiladelphia.com/news/local/we-are-down-to-the-bone-camden-layoffs-faces-backlash-from-students-staff/4397537/?amp=1

PayPal plans to cut 20% of its staff. This reduction will take place over the next two to three years. The company aims to accelerate its adoption of artificial intelligence. These job eliminations are also part of a cost-cutting initiative. CEO Enrique Lores stated PayPal underinvested in its technology platform.

https://www.wsj.com/business/earnings/paypal-to-cut-costs-after-profit-falls-dc42baf9

ThyssenKrupp will lay off 110 employees. The job reductions affect its Greer, South Carolina facility. These layoffs are planned for completion by July 5. The S.C. Department of Employment and Workforce reported the cuts. ThyssenKrupp operates as a warehouse and logistics company.

Greer, South Carolina

https://www.postandcourier.com/spartanburg/business/spartanburg-greer-thyssenkrupp-layoff-warehouse-logistics/article_d6cac181-7301-4e83-892e-8dbbc8a39078.html

I had 15 years with the company but my department decided to lay me off instead someone that’s been there 2 years. That’s not fair at all. I trained people, was always on time, worked weekends and overtime while being salaried, all that dedication and this is the thanks I get. I’m very hurt and disappointed in UHC. They have no loyalty at all! I will never work for them again good riddance!!

Build a Rocket Boy recently laid off an undisclosed number of employees. Reports indicate 170 staff were affected, leaving around 80 remaining. This marks the third round of layoffs for the developer in the past year. Previous cuts included the closure of BARB France and 300 UK-based employees. The company is undertaking a "reset" for its game MindsEye after negative feedback.

https://www.gamesindustry.biz/build-a-rocket-boy-reportedly-hit-with-more-layoffs

Anyone has more info?

Is it true that they will lay
off less than 30 people? Is this the total number or the number for each legal entity? End of May is when people will need to leave or when they'll be notified?

FA will be undergoing a massive change. Expect more layoffs and restructuring

New managers have gotten to know team members by now. Do you think they are working on deciding who stays and who goes in second wave?

https://time.com/article/2026/04/30/oracle-layoffs-ai-tech-jobs/

Got word today that the SVP is gone "retiring". Wild news, sounds like more to follow. Usually this is the fuse that lights the fire. Layoffs and a reorg are definitely coming to CS. Makes sense though, you can't have 2 SVPs over CS and Retail.

Don’t give to UW through work (give on your own if you can still afford to do so). Billy can make up for the difference.

Don’t volunteer for Grow Up Great (go help your local school on your own). Billy can take his limo to the schools and make up for the loss in hours.

Don’t attend EBRGs until flexibility is restored. The firm uses EBRGs as evidence of engagement. Continue to support each other, but do it on your own.

Don’t let PNC (Pune - Chennai - New Delhi) take any credit for your community involvement. Let those new employees in our overseas hubs, who are quietly replacing us, step up and show their community support. I have no spite toward the individuals overseas, but since Billy has made the decision to layoff his U.S. based workforce and hire overseas, there is no way I am letting him take credit for my support of UW, Grow up Great, or involvement in EBRGs.

Any word on how many?

PayPal Holdings Inc. plans to cut thousands of jobs as new Chief Executive Officer Enrique Lores...
LOL!

These past few years have been a wild ride, and this place has gone so far downhill that I can't even work up anxiety about being laid off anymore. Sure, I'm vaguely worried as the job market is brutal, and the economy is shaky, but I don't have the energy or the attachment to this job to really panic.

In 2024, no H1b were impacted but the rest. What is company policy? Is it legal protection for H1b?

WK NY had layoffs this week and has already cut upwards of 5% of its staff.

What is the upper base salary for L4, that can put one in the layoff list?

Is it above $110,000?

8 Positions in DTP Eliminated and 6 vacant roles also eliminated.

Does anyone have any info on the teams affected?

A healthy company hires when it needs to and keeps people when they're doing good work. A failing company cuts over and over, calls it restructuring, and pretends things are fine. We've been through how many rounds in the last few years? Certainly too many. That's not a sign of a strong organization.

The fact that HR doesn't tell you that before you come doesn't make it less true. If you took the job expecting to make it to retirement, I'm sorry, but you are a fool. If you think the quantity/quality of the work you do will save you, then you are a double fool. The last big round that management did back in 2020 doomed entire areas of the company, and I'm sure the next one will be just the same if not worse. Sadly, management is clueless when it comes to knowing who does what, and good people get the boot right along with the bad. Some companies learn the easy way. Some companies learn the hard way. On the other hand, Aramco never, ever learns.

@bn+1kqpw2thz hits the nail on the head.

There’s only so much we can take mentally, and people are already stretched thin. We need a break, a real one, and it should be at least six months without constantly worrying about layoffs. Otherwise, I genuinely think people are going to start breaking down. This isn’t normal, no matter how much they try to make it seem like it is.

We lost more than half people in the last two years. Is there any chance we can consider ourselves safe?

I just got converted from contractor to FTE ? Can they layoffs new hires too

I spent a long time at Synopsys and I learned one thing above all else. No one is safe. The people who thought they were indispensable got cut just like everyone else. You are an at will employee which means they can let you go whenever they want. Job security is a myth. If you're smart, keep your resume updated and your network active.

I'm so tired of this place that I'd happily raise my hand if offered.

Tenneco will close its Smithville, Tennessee plant by mid-2027. This closure affects 146 employees at the Grizzly Lane facility. Another Tenneco plant on East Broad Street will remain open. The decision is part of global restructuring due to auto industry challenges. Tenneco offers assistance programs, career services, and severance packages.

Smithville, Tennessee

https://www.herald-citizen.com/smithville/news/local/tenneco-plant-closing/article_b3c33697-df06-55bd-80a5-bf1ff00d60dc.html

Accounts locked this morning, did they accidentally surplus people before the planned date?

https://www.miaminewtimes.com/news/i-have-nothing-spirit-employees-turn-to-gofundme-after-mass-layoffs-40546638/

Colleges across the United States announced hundreds of layoffs and buyouts in April. Budget deficits, state funding reductions, and enrollment losses drove these decisions. Hampshire College and Anna Maria College are closing and laying off hundreds of employees. The University of Maryland and University of Wisconsin also plan significant job reductions. Syracuse University and East Carolina University are eliminating programs and offering faculty buyouts.

https://www.insidehighered.com/news/business/cost-cutting/2026/05/04/college-closures-contributed-deep-cuts-april