#layoffs

There’s no way fidelity will layoff a significant portion of the staff. Abby doesn’t want to let her friends go.

The tech teams might be impacted, but with no vbo, how likely is it that there will be layoffs.

Will this endless merry-go-round of job cuts ever stop?

I heard 20-30% of Dell Digital org will be let go. Good luck everyone.
OP: @bt+1kqj8f1ke

That would be insane. Has any new info surfaced? Or will we find out more maybe tomorrow?

The July action will be the biggest reduction in force to date.

We went through Cloud Cert Fest and Skill Academy programs with the expectation that cloud training would translate into meaningful internal opportunities and role stability within the bank.

Instead, cloud outcomes remain largely undelivered, while many trained engineers have been impacted by layoffs and organizational restructuring. In parallel, roles are increasingly being filled through external hiring, including engineers from Amazon and JP Morgan Chase.

This cloud cert fest ran by R.B, working in the bank . We all are laid off.
This raises a difficult but important question about alignment between upskilling investments and actual workforce planning—especially when training programs are positioned as a pathway to job security, yet the outcomes tell a different story.
Do DV and GK have visibility into this situation? What is the real status of Skill Academy and Cloud Cert Fest outcomes?

John Deere is launching new distribution and manufacturing facilities in Indiana and North Carolina on April 28, 2026, marking a strategic effort to rehire laid-off workers despite significant financial headwinds and recent workforce reductions across the United States.

https://www.fakta.co/deere-opens-us-facilities-job-recalls

For a while, I was afraid to commit
But this week I will be going in like a free spirit.

I was always a high performer, but no one ever gave me the credit..
But this week I will be going in like a free spirit.

The top management has acted one too many times like a bandit.
Which is why this week I will be going in like a free spirit....

I am always contacted by toxic managers during prod issues last minute...
Which is why this week I will be going in like a free spirit.

If what happened at spirit isn't affecting you, sorry to say humanity has lost all its spirit.
Which is why this week I will be going in like a free spirit...

I know my days are numbered,
In this firm, in this town..
Where my hardwork was labelled as a work of a clown.

The news of Tuesday or Wednesday or Thursday is inevitable
Which is why this week I will be going in like a free spirit.

I loved this country ever since I got here,
But the hate these days I see is unable to bear..

I spent my youth here like I was investing in a future.
My loved ones back home, wasting away every single day
Never let me feel the guilt of not caring for them.

The administration crackdown on immigration, left many like me say good byes to their loved ones virtually,
Living with guilt to not be able to hold those close who brought me in the life.

Someone will still find a way to make fun of this post,
Which is why I say all hope is lost.

I am walking in this way like a free spirit .

I have given it all,
Through the hardships I stood tall.

I have no desire to fight a battle already lost.
Which is why this week I'm walking in like a free spirit.

Peace and love to all ❤️
Y'all always be my brothers and sisters no matter what..
Which is why this week I'm walking in like a free spirit...

Any update on how bad the LRs will be.

1- Systemic Compensation Stagnation: A complete freeze on base salary increases for the majority of the workforce spanning the last 5–6 years, regardless of inflation or performance.

2- The "Recycled Equity" Strategy: While ICs receive small bonuses, managers and directors are tied to RSUs with 4-year vesting schedules. These serve as a "retention carrot" that disappears instantly upon layoff—allowing the company to claw back earned equity and "recycle" it to lure new hires into the same cycle.

3 - The 2025 Manager Purge (FY26 Q1): A calculated wave of terminations where managers were directed to lay off their own teams, only to be terminated themselves immediately afterward.

4- The 6:00 AM Termination Protocol: Highly impersonal exit procedures, with U.S. and Canadian staff receiving automated emails at dawn, accompanied by severance packages described by employees as "garbage" and "sub-par."

5 - Efficiency Paradox: A relentless "do more with less" mandate enforced through perpetual hiring freezes. Despite corporate messaging, internal AI tools provide minimal functional support to offset the loss of headcount.

6 - The Psychological Toll: A workplace culture defined by "survivor’s guilt" and low morale as remaining teammates are forced to absorb the workloads of their terminated colleagues.

Most of my team was let go, but nobody knows whether other parts of the org were affected. More communication would be great. 🤷🏻‍♀️

https://share.google/LYK6ISUIlNC03i0a8

What do you think that means after 13k rifs. More rifs!!!

Anta makes great shoes lower cost and just as good if not better. China market is lost and surely, they will lose N America as well. Nike is losing market share. This company is so bloated. try a 5-10K layoff like Intel to become Nimbler. Way bloated leadership structure with fancy names. Nike shoes are cheaply made and overpriced. They do not last more than a year with regular use. Lipstick on a pig with superficial design and cheap construction.

• I posted this as a response, but figured it would be more useful to some if it was a standalone thread. *

  Come one, everybody! Don't be so gullible.

  CK didn't say there wouldn't be layoffs in our recent all-hands call, he just said they aren't focusing on that right now. It's an incredibly careful response the comms team has prepared ahead of time for the topic.

• What does 'focus on that right now' even mean? Focus on it later (this month? next month?) He might focus on them next week if the market reacts badly to his strategy?
  P23 and P24 were VERY expensive once you calculate out the VERP and severance packages of thousands of senior skilled colleagues with decades of time at the company. They'll want to find a cheaper approach to 'brushing their teeth' going forward. (Clue: "Our new Performance Management" where we overload you with work, give you impossible targets to hit, then later on use missing them as the reason to fire you for performance reasons with no payout).

• After the morale cratering debale that was how they handled P23 and P24, they'll want a quieter approach to future layoffs. They don't even have to tell you. Just cut a team of 15 here, 25, there, 55 here, 30 there... no need to announce it, and if anyone finds out use the bogus 'location strategy' explanation (you know, the BS one where a team of 30 can get cut because that office is not in their strategy, yet for other colleagues in that same location all is fine).

• The next layoffs will be cheaper and done as sneakily as possible - manufactured performance problems for expensive workers followed by unattainable PIPs, and voila.
  Let's not be gullible. "not focusing on that right now" absolutely DOESN'T mean there will be no layoffs in executive speak, just like "there aren't any plans currently" or "we want to keep our best people". They're empty non-answer phrases that give nothing away.

SAP couldn't give 2 ships about you as a person. Do what's best for you. If that means stay and try to put up with the political drama and backstabbing, good for you - best of luck to you. But if not, don't be blindsided. Tidy up that CV and start paying attention to what's out there. I certainly will be.

Anyone confirm what the package looks like this time?

What are they offering? Months per year of service etc..

Any cap?

With the ongoing tensions in the region, expat layoffs are planned in June. This news is from a credible source.

I heard that about a Director let go from LM last week. Could there be more this week at lower levels? The person just disappeared overnight.

When One gets laid off or fired, they receive their PTO… Is this PTO taxed just like regular income or do they apply a special kind of tax, such as like they do with bonuses… Or, better yet, do they apply no tax?

What’s happening in ANZ? Slack count in ANZ-employees-all has dropped by around 8% in the last 4 weeks, but nobody seems to have confirmed what is happening? Look strange compared to the “big bang” layoffs elsewhere

I don’t think CRLTC is doing too well. Does anyone else have suspicions that they will have more layoffs coming? Smartsource hasn’t had a layoff since 2023 and with all of the hiring freezes and layoffs in other departments, I wonder if Smartsource is next

I am a remote employee and after realizing how cr-p this company is with people more than 4 years receiving the same salary even performing, and all layoffs via cold email, I decided to have 3 jobs at the same time.
I manage them pretty well and have no issues with ANY of them, including Oracle.
If Oracle lays me off, it will impact 30% of my income and not 100%.
Do I care? As much as they care about me.
Do not be stupid. Do not put all eggs in the same basket.

I don’t care what your favorite dessert is or what your summer vacation plans are. Read the f’ing room. I’m too busy trying to figure out how I’m going to keep a roof over my head if I get laid off to care that you road your bike in Italy. The water cooler conversation in Chandler is how many people got laid off the week before.

https://finance.yahoo.com/markets/stocks/articles/nike-slashes-1-400-more-103500902.html

Nike slashes 1,400 more jobs as its stock crashes 70% from pandemic highs — and the real reason isn't 'woke' marketing

Oh how messed up we are getting, lol?

it’s starting to feel like we’re just giving up and letting the whole thing fall apart. we finally got rid of makoto uchida after months of rumors, and he officially stepped down march 31. on paper that sounds like a reset, but honestly it feels more like panic mode.

now ivan espinosa is taking over. he’s been here a long time, so it’s not like some outside savior is coming in. it feels more like reshuffling the same deck while the ship is already taking on water.

we all know the situation is rough. debt is piling up, sales keep sliding, and trust in the brand is not what it used to be. insiders were already saying late last year that nissan had only 12 to 14 months to turn things around. that clock is still ticking.

what really gets me is the honda deal. from what i’ve heard, honda wasn’t the main problem. we were too stubborn about not becoming a subsidiary, so we may have walked away from the closest thing we had to a lifeline.

and here’s the part that makes it worse. one of honda’s conditions was leadership change. now uchida is gone, so maybe that door opens again, but who knows. right now it just feels like rumors and damage control.

there’s also talk about other buyers or partnerships, but it all feels late. like we waited too long, made too many bad calls, and now every option is worse than it would’ve been a year ago.

from inside, this does not feel like a turnaround story. it feels like we are running out of time and options.

congrats India, you won

you came in, started small, then grew

took over groups, director level and down, maybe 1 local US dude

then, took over VP roles

that's when it really went down the tubes

now....you got it all, you fired all the local long term local workers, literally all of them

hiring spree in ITC

while US workers wonder what hit them, wondering why

it's disgusting

it's anti american

but you won, congratulations, you won the over GT at the swoosh

but you also turned it into the massive unproductive and cost over run disaster

so you won, but you also lost

now you have it, what are going to do with it

pressure is on

you took it away, now what

we all know the answer

pendulum swings

the clock is ticking

we'll be back, and strong, and you will be gone

When the dusts of current RIF and ReOrg settle, architects and the data scientists are the two most costly and counter-productive roles that needs the closest scrutinies.

The existence of those helicopter architects is the single inhibiting cohorts to an engineering driven culture. If the premise of those tenured architects is to guide the weak engineering teams, it’s not working and will never work (that’ why you don’t see the architect role in big tech such as Google and Meta):

• If you keep the architects away from the engineering team like it is today, their lack of current and hands-on knowledge, and their lack of affinity to the day-to-day work on the one hand, stretches a tension with their assumed authority on the other hand. We find ourselves wasting cycles and energy convincing and compromising with them on a good day and misled/delayed on the bad days. We consider those architects good if they stay away most of the time, reverse engineering by themselves or asking us to produce a few pretty diagrams from our finished products periodically, and don’t try to put their dirty fingerprints on everything we do.

If you pull those architects Gods down from the FAE heaven and embed them into the engineering teams, their unwillingness to do the dirty chores and their proud refusal to assimilate will create tension between themselves and rest of the team like oil and water. Neither party will be happy.

That leaves the only option which is to reduce the architect role dramatically if not demolish it altogether: (1) Keep only a few true architects in FAE who either (a) looks cross-functional for duplication and consolidation opportunities or (b) possesses niche knowledge and skills such as security, internationalization or accessibility. (2) Fire the rest or demote them to principal (or just give them the VP title) level IC and disperse them into individual engineering teams.

With the deadweight architects out of hand, we may start growing the engineering team and culture by trusting engineers with the architectural decisions in a collective fashion among the junior, senior, principle and tech leads of a team.

Now let’s turn our attention to data scientists. WARNING: they’re so much worse than the architects!

The complete AI ignorance of the upper managements makes themselves easy targets to the scammed by Fidelity’s fake data-scientists (compared with those who can build GPT):

• They’re paid at least one level higher than engineers yet what are they doing these days? Developing chatbots by calling vendor APIs or downloading models from HuggingFace. What entails in developing chatbots or the fancier agents? (1) Calling APIs, (2) developing the chat GUI and (3) Crafting LLM prompts. Well, software engineers are better calling APIs and developing GUI, and non-technical business domain experts are better at crafting LLM prompts. Both do a better job significantly cheaper. AI has been demoratized to a point where a high-school drop out may do a better job than an Ph.D. who don’t continuously learn.

Why don’t they train foundational LLMs that utilizes Fidelity’s private data, like Bloomberg, Captital One or Morgan Stanley? They can’t. The whole data scientists community from top to bottom are outdated. They’re stuck in the old traditional machine learning paradigms of regression, decision trees and scikitlearn. They haven’t or can’t learn the new AI paradigm which appeared on in 2017.

That leaves us with three options: (1) Fire majority of them to make room (2) Demote the remaining good data scientists to sort of higher level AI analysts who conduct experiments and compare vendor/HuggingFace models. (3) Hire true data scientist who are either experienced with or educated on the current paradigm of AI, that is those laid off from big techs and those fresh graduates who learned current paradigm of AI at school.

Architects and Data Scientists, the attic where all the dusts collect, need a desperate cleansing. With these two roles straighten up, Fidelity 2.0 may start!

Anyone with inside knowledge, which group will be hit in May?

You guys are hilarious!
Depressed when the stock is down. Depressed when the stock is up.
Depressed when there are layoffs.
Depressed when there are no layoffs.

While you are busy Mickey Mousing, cutting and laying off people every month without solving big problem. There is a marauder on the horizon. And I am afraid they are here is to conquer you.
And I am talking about Chinese Shoe Makers. Yes, those people that were making your contract Nikes are now have grown up.
I was at GuangZhou about 30 days ago and I had to admit that I was impressed of Anta and Li Ning. And the energy and motivation that I felt from them was same one that I got from Nike during 90s.
Just like Nike of yesterday years, NO was not an answer. Arrogance, entitlement, overconfidence was not with them yet.
And they are ready to expand. They conquered China and Asia. Now they are eyeing towards America.

Get your A game out!!

Or one IT design from Anta and it will leave Nike in the dust.

Any ideas on where everyone went? What companies are you all at now and can you help any remaining Cengager's get out or catch the fall?

Anyone notice that all the employees who have completed 40 years of service at Citibank are being let go as a long service reward?

Anyone lose their jobs in credit balance? God I wish they would lay me off.

This is what we were told :
Sr leadership are moving toward consolidating developers into larger teams (minimum of 10-15 people) rather than smaller squads.
At the leadership level:

• VP-level Squad Leaders overseeing non-prioritized projects, small teams, or any L8 Individual Contributors are at risk of layoffs.
• Those who retain their positions may be reassigned to L7 Director roles and report to Engineering.
• For non-core business functions (Finance, HR, Marketing), we may see also reduced headcount to streamline operations and reduce fat.

Specifically:

• There can be an approximate 15% reduction in technology leadership positions (L7+)
• Non-leadership roles will see minimal reductions, but still possible
• Contractor contracts may not be extended
• Please be prepared for potential changes in your reporting structure.

Drahi getting desperate and selling more assets. As we all know as part of his procurement scam, money laundering scheme we are forced to do business at inflated rates with businesses he owns to bring in more money for him beyond what he can make from Altice and Altice USA. One of those companies is Intelcia. He purposely laid off thousands of call center employees, ruining lives, just so he could outsource the jobs to a company he owns to make more money. Pays less for customer service and personally makes more money. Well to keep the mothership alive, Altice just sold their 65% stake in Intelcia to gain funds to pay some of their debt pressure. What else to be sold?

https://www.forbesmiddleeast.com/industry/telecommunications/billionaire-patrick-drahis-altice-to-sell-65-stake-in-moroccos-intelcia

Wikipedia quotes 12,170, but I suppose that does not include recent layoffs.

To help everyone - No jobs (anywhere) are permanent.

To all Castrol colleagues, especially folks in Digital Technology, how are you guys feeling about the ringfence situation and the fact that you are being forced to move out of BP.

Do you feel positive about the future or are you polishing your CVs? What do you think about RD as leader and the org structure he shared recently?

St. Lawrence College is laying off 28 full-time faculty members. These layoffs will affect all three of its campuses. The college president stated program suspensions and restructuring caused the cuts. The faculty union, OPSEU Local 417, links the layoffs to a planned merger. The union also filed an unfair labor practice and advocates for increased provincial funding.

https://www.standard-freeholder.com/news/st-lawrence-college-faculty-layoffs