#layoffs

The sports network ESPN has reportedly laid off Cam Newton as part of a larger round of job cuts. Newton, a former NFL MVP and Carolina Panthers legend, had recently expanded his role with the network. The layoffs come as ESPN integrates newly acquired NFL assets. Several other notable personalities were also affected by these decisions. The exact terms of Newton's contract and the full scope of the layoffs remain unclear.

https://www.charlotteobserver.com/sports/nfl/carolina-panthers/article316595675.html

Over 11,000 jobs in New Jersey are at risk due to corporate scaling back, headquarters relocations, and facility closures. Companies across various sectors, including technology, pharmaceuticals, and finance, have filed WARN notices indicating these workforce reductions. Major employers like Samsung Electronics America and Mars Wrigley are moving operations out of the state. These filings highlight a trend of companies consolidating or shrinking their presence within New Jersey. The affected jobs span multiple industries and locations throughout the state.

Trenton, NJ

https://www.shorenewsnetwork.com/new-jersey-expected-to-lose-11000-more-jobs-as-corporations-flee-and-scale-back-garden-state-presence/

Los Angeles Unified School District approved significant staff pay raises despite receiving a letter from the Los Angeles County Office of Education warning of severe budget concerns. The district proceeded with the raises, which will cost approximately $1.2 billion annually, just days after the warning. This decision has led to projections of a $3.6 billion negative reserve balance by 2029. Consequently, the district's own projections indicate the elimination of nearly 6,000 positions over two school years. Parents and advocacy groups have criticized the district's management and decision-making process.

Los Angeles, California

https://nypost.com/2026/07/26/us-news/smoking-g-n-letter-reveals-lausd-ignored-dire-budget-warning-before-approving-huge-staff-pay-raises/

Healthcare technology firm Innovaccer has reduced its global workforce by 340 employees. This significant layoff is part of a strategic shift towards an AI-native operating model. The company is realigning its teams to prioritize speed, efficiency, and measurable customer outcomes. Founder and CEO Abhinav Shashank cited AI automation of previously team-handled workflows as the primary driver for this organizational change. This move follows a previous reduction of approximately 15 percent of its workforce in January 2023.

San Francisco, California

https://ascendants.in/industry_events/innovaccer-layoffs-2026-ai-native-operations-340-employees/

Uber and Intel have both announced significant layoffs as part of ongoing restructuring efforts. Uber is cutting approximately 10% of its customer support staff, citing the integration of AI and organizational streamlining as key drivers. These layoffs are intended to create space for AI expansion and reallocate resources from human support to automation. Intel is also implementing new layoffs within its data center business group, continuing its strategy to reorganize and focus its operations. These actions reflect a broader trend of companies concentrating resources on core businesses and AI investments.

San Francisco, CA

https://www.ababnews.com/news/fe9538ad-b0f6-4b79-9797-1e7b4cb535e2

Pat McAfee responded to criticism linking his reported high salary to recent ESPN layoffs. He expressed sympathy for colleagues who lost their jobs, stating he hates seeing such events occur. McAfee acknowledged the difficult decisions corporations make and the negative narrative surrounding his contract. He emphasized his show's pride in its work and hopes to remain an asset to ESPN. The broadcaster also noted that NFL teams do not typically conduct layoffs like corporations do.

https://www.aol.com/articles/pat-mcafee-responds-rumors-blame-195712000.html

Jersey City council members questioned health department directors regarding provisional layoffs and cuts to senior trip programming during a budget hearing. Business Administrator Ruby Choi stated these were difficult decisions made after extensive discussions about operational impacts. Council members expressed concern over specific layoffs, including a bus driver, and the rationale behind hiring an in-house specialist. The department head also detailed reduced clinic hours and the impact of losing a health educator in a vulnerable ward. Discussions also covered grant funding, departmental reorganization, and discrepancies in reported budget cuts.

Jersey City, NJ

http://hudsoncountyview.com/jersey-city-council-questions-health-department-over-layoffs-and-senior-trip-cuts/

Nobody's safe. I've watched good people get cut, bad people stay, and the rules change every quarter. I've stopped believing in job security entirely.

Has there been any news on August layoffs?

The only people I know who aren't job-hunting are the ones who can see the retirement finish line. They hate it, but they're hanging on. One colleague is less than six months away, he'd love to be laid off, get a paid summer and unemployment. I keep telling him they won't do him that favor. But I get it.

Now we're nothing but a joke. It breaks my heart to see how we're being systematically destroyed and there's nothing we can do to stop it.

Let's be realistic, despite what we've been told, once this goes through, we're sc--wed. There might not be layoffs immediately, but there will be major layoffs for sure, and I'm betting they'll take place within a year. I've been desperately looking for something else since this was announced, but the job market in our industry is atrocious right now.

Why would anyone in that group still give their all?

People work hard, stay loyal, and still get tossed aside when their skills aren't considered shiny enough. Exxon will take everything you've got and then put you on a manufactured PIP to get rid of you. Why would anyone stay at a place that treats its employees like disposable tools? I'm not waiting to be the next one.

https://www.businessinsider.com/paramount-employees-wbd-merger-deal-delay-antitrust-lawsuit-david-ellison-2026-7

People I respected, and people who seemed happy until a few years ago. It tells you a lot about how much this place has changed in just a few short years. Even I'm starting to look at my options, and I've been at Optum for more than fifteen years. This is simply not the same company I joined.

I've watched this industry chew people up for 15 years. There's a better world out there.

Am I the only one who is worried about Q3 results and what that'll mean for us? We know this leadership will use all and any opportunity to justify even more layoffs, and this could be a prime one.

I know VSP will be followed by layoffs, and I'm guessing it's going to happen within weeks. I'm wondering if it's true that the majority of those laid off in past rounds are people who've been with the company for years, or even decades?

Just a warning to people who might think, like I did, that getting a raise means they're planning to keep you around. That's not true. Four months after I got a raise, I was gone. I think it hit me even harder because I was so convinced I was safe. I just wanted to share this so people know where they really stand.

It feels like most of the people who could get out have gotten out. The ones still here are either too scared, too stuck, or still looking. I admit, I'm in the first group. Anybody still here because they genuinely want to be?

Haven't filled out a job application in over two decades and I have no idea what to do with this. If I say yes, they call my manager and I'm outed as a job-seeker. If I say no, I look like I'm hiding something. The manager already made it clear he doesn't want anyone on the team who's thinking of leaving. I don't know how to navigate this without torpedoing my current position.

I honestly wouldn't be surprised if they pulled the rug from under us once again when we least expect it, considering how badly this whole thing has been handled so far.

237 billion as of Sunday night! And the layoffs keep coming.

I am hearing numerous layoffs this week. Good luck to everyone

Company is finished with layoffs for this year.

Talked to a leader; says that the GCC cheap labor will crush the US. Layoffs in MA coming soon in SDS. Nice run while it lasted.

Since the EU gave approval for the merger and the US petty states are getting restraining orders. To make the Ellison's bleed a little bit longer. Which is pointless as pretty much the Ellison's have a suit of lawyers. Ones that have gone to the highest courts.

Get ready for our upper MGMT (directors and above) to be getting AI memos and toupees mug shots. Trying to claw a clear pathway on the rungs on this ladder.

The deal is done. Merger approved. A bunch of bloodbaths coming soon near your next dynamic broadcast. Stop holding on.. on second thought. Join those in news who keep trying to inflict 60 minutes of pain. Maybe you can all hold hands and pray and move the show to Saturdays, instead of Sundays. If you get my reference.

Enjoy!

By politicians to address layoffs and limiting h1b visas or suspending those for at least a year or more.

https://nypost.com/2026/07/25/sports/linda-cohn-shreds-espn-on-handling-of-layoffs-buffoonery/

Lay off the people who built the place, keep the people who broke it, and then wonder why nothing gets better. U.S. Bank in a nutshell.

There was talk in one of the threads about more cuts next week, but I can't find it. Is there any truth to it?

Get out while you can

https://bucksco.today/2026/07/kmart-fairless-hills-warehouse-closing-147-jobs/

While employees wait to find out if they’ll have a job when the VSP determinations settle, and the layoffs ensue, here’s what Centene’s top leadership has accumulated in company stock.

Executive Approx. Stock Value 2025 Compensation
Sarah London (CEO) ~$78.1M ~$21.6M
Drew Asher (CFO) ~$48.6M ~$10.3M
Chris Koster ~$23.1M ~$8.2M
Fred Eppinger ~$23.0M ~$0.6M (Board)
Ken Burdick ~$17.4M ~$7.4M
Susan Smith ~$13.7M ~$6.8M
Michael Carson ~$11.5M N/A
Tanya McNally ~$8.3M ~$5.8M
Katie Casso ~$7.2M ~$5.5M

Meanwhile, thousands of employees have spent months wondering whether VSP, layoffs, outsourcing, or another reorganization is coming for them.

We hear a lot about being “good stewards of taxpayer dollars.” We also hear that “when the business changes, we need to change with it.”

Fair enough. But stewardship shouldn’t only flow downhill.

If employees are expected to absorb the uncertainty, workload, and career disruption that come with those changes, it’s reasonable to ask whether leadership should share more of that burden too.

The numbers above aren’t opinions, rather they’re from Centene’s public SEC filings. The contrast between executive wealth and employee anxiety is what people are reacting to.

All this dbag does is lie out his a-s. No new business but he wants the world to believe bny is bringing in millions and hes saving with AI. No bi--h you are saving because all you do is terminate U.S employees

Confirmed layoffs are expected by the second week of September, ahead of the earnings call at the end of the month.

It’s going to be a wild few weeks. Enjoy your summer, don’t overextend yourself, and wait to see where the dust settles after September.

If the rumors are accurate, Innovation is in for a rough ride.

Trying to post this for the third time. Keeps getting taken down. Asking when DF will be replaced. For his efforts in losing talented team members and hundreds of millions in AUM, he was rewarded with the Chief Investment Officer role for the fifth largest bank in the US-you heard that right. Leadership, and I use that term loosely, has lost scads of talent and BILLIONS of assets under management. No one ever pays the price in PWM. When Minneapolis lost their most talented team members, and some of its most lucrative relationships-those managers remained in chair. There are never any repercussions, unless you point out the problems which are so glaringly obvious. The dirty kittle secret in PWM is that the thing driving sales is banking-primarily mortgages, which don't even count towards goals at any private death shop worth its salt. Those of us who have been in chair for a long time will muddle through. Younger members should run not walk to get out of here.

Just a thought… but Dan made a specific comment about 88% of the company is “using” AI, and we should encourage the other 12% blah blah…..

Anyone else thinking that metric will be used against us for the next round of layoffs? Checking to see how much we use AI?