#layoffs

Heard 15 more were let go today in consulting in HQ same, few hrs access available to sas. Apply to jobs from sas.com

No email yet. Does that mean I’m safe? Are emails being rolled out thru the day? I’m mid age, 4-5 years in, and nobody special so wondering why I’m ineligible if that’s the case.

Do we know if the emails will be sent throughout the day?

They presided over more than $100 BILLION of value destruction and continue to enjoy quarterly catered chicken lunches and nearly $350,000 in annual fees.

bla bla bla A I bla bla we think about future and consider significant layoffs globally.

no decisions, no dates, but polish site future is unclear. Did other EU/US get same msg today or only us?

PS. guy who came was from powerflex and spoke to whole R&D site.

Seems very very slowly, some of the useless ones are wising up and leaving. ED, AR, and now the CIO (wdf did she do anyway?). Could it be that BL's interests are being weaned out slowly by Meg.

Are you remaining employees seeing the pattern yet that is happening across the health insurance industry?

Some saw this pattern 2 years ago and tried to speak out on it “team” calls but fell on deaf ears.

But I imagine, based on what I have been reading on Humana’s, Elevance, United Health, Optum, Cigna, Centene that you probably by now see what the overall strategy in personnel reduction and/or replacement.

It is most definitely a strategy and not in employee’s longterm best interest.

I don't understand how newly hired automatically get to stay:/

JBS USA is preparing to cut about 2,000 jobs. The company will close two beef processing facilities. Pilgrim's Pride, a JBS subsidiary, is also shifting chicken production. These moves are due to significant profit losses in beef operations. The company aims for efficiency and invests in growing segments like poultry.

https://www.indexbox.io/blog/jbs-usa-to-lay-off-2000-workers-as-it-closes-beef-plants-and-shifts-chicken-production/

JBS USA |

BCE, Bell Canada's parent, recently eliminated almost 700 positions. These job cuts span various company divisions. The firm cited restructuring and efficiency improvements as reasons. The company dismissed approximately 690 staff members. This follows earlier dismissals for attendance record falsification.

https://www.thestar.com/business/bell-canada-parent-lays-off-almost-700-employees-citing-operational-changes/article_d94189f1-af3c-459f-8c61-ca6f66ff633a.html

https://www.stltoday.com/news/local/government-politics/article_d310ec88-4d1c-48b9-a124-e027b4de6d0f.html

General Dynamics Information Technology (GDIT) notified Virginia officials of potential layoffs. 174 employees at the Pentagon may be affected. These layoffs could begin on August 8, 2026. This notice follows earlier filings for 236 workers in Falls Church and Arlington. The company did not state a reason for the Pentagon layoffs.

Pentagon, VA

https://patch.com/virginia/arlington-va/174-gdit-pentagon-workers-could-face-layoffs-august

Senator Bernie Sanders targeted a Jacksonville maritime company. He accused the firm of illegal union-busting. Sanders also cited unsafe work conditions. A worker death reportedly occurred there. The company also conducted recent layoffs.

Jacksonville, Florida

https://www.news4jax.com/video/news/2026/06/15/sen-bernie-sanders-criticizes-jacksonville-maritime-company-after-worker-death-layoffs/

BlackRock Inc. reduced its workforce by nearly 200 people. This reduction impacts less than one percent of its global staff. CEO Larry Fink prefers ongoing, smaller workforce adjustments. This represents the fourth reduction in staff over 18 months. The company is reorganizing after years of growth and acquisitions.

https://finance.yahoo.com/markets/stocks/articles/blk-stock-blackrock-reportedly-cuts-002716602.html

On a day when the Nasdaq was up 3%, OTEX was down. That’s a major warning sign that institutional ownership and interest is poor. A rising tide should float all ships. The market isn’t buying the OT story. The upticks since earnings have dissipated. The upticks from stock buybacks have disappeared.

No sales of the non-core business units = no ability to pay down the debt. Best of luck to all my friends still hanging on (most of my colleagues of 15+ years are gone). There has to be some major changes or the long term outlook is a continued slow sinking of the SS Barrenechea.

Xbox plans to close game developer Compulsion Games. The studio is known for titles such as South of Midnight. Compulsion leadership is negotiating with Microsoft about its future. The number of affected employees remains unclear. This follows recent Xbox financial struggles and expected layoffs.

https://kotaku.com/xbox-shuttering-south-of-midnight-peabody-award-compulsion-games-2000706065

The Faculty of Arts and Sciences (FAS) at Harvard University is undergoing an administrative overhaul. This restructuring could eliminate up to one in four staff jobs. FAS recently opened internal searches for seven new high-level administrative positions. Staff members anticipate additional job cuts this summer. The changes aim to address federal funding cuts and a budget deficit.

Cambridge, Massachusetts

https://www.thecrimson.com/article/2026/6/16/fas-internal-recruitment-layoffs/

I retired from Nielsen 5+ years ago. A former coworker pointed me to this site, so I'm out of the loop. I only ended up on the careers page because my son just graduated with an engineering degree, and I thought the Oldsmar facility would be a great place for him to start. Instead, I'm perplexed; are all the engineering jobs in India now? What actually happened to Nielsen? The engineering culture and work at Oldsmar used to be great, but now it seems like a ghost town. Catch me up on what I missed (and yes, I realize now I should probably steer my son elsewhere!)

Just wondering if a date is known?

Do we have any idea how many need to accept the VSP to ensure there is no need for a follow up involuntary round?

Me and one other let go today. Chatter of STS layoffs in the area of 10% coming as more transitions to India.

I can't take the constant stress of worrying about layoffs anymore. I even convinced myself, foolishly, that working hard might help me keep my job. It's strange how our minds turn against us when we're backed into a corner. A change of scenery, even a forced, prolonged holiday, would help me break free from that trap.

Are coders affected by this mess? Wtf seriously we all have to stress again

Are the layoffs for payments as well?

Just heard about employees let go in Underwriting in Hudson (RMBC). Anyone know anything?

I opened a ticket on late Wed, as of now, still no support engineer to chat me, the guy I chatted with said someone would be with me in 10-15min, but no one even after 5h, fu-k him, I am working for a company who probably pay $500M to Oracle per year, this is really sh-t!

Certain employee groups are ineligible for the VSP “ “.

What are the specialized roles and core initiatives that would be “safe”

Are new team members exempt from the upcoming layoff or just not eligible for the VSP?

Senior executives- VP and up?

Some departments have been laying off staff for months now. Was that a separate initiative?

WF will replace it's biweekly pay schedule with a semi-monthly one starting January 2027. How will this affect the layoff calendar? The current predictable "Tuesday after the payday" would become harder to track given the irregular nature of the new schedule; i.e., the payday can fall on any day of the work week. Perhaps the layoffs will also occur on a semi-monthly basis, like around certain dates of each month?

All these posts are full of trash talk. We have all been here before and expressed all of our opinions. I just want to know the rumors/facts people have came across. Do you know what teams are being hit by layoffs?

What I hate most about Bill Rogers retiring is he spent years running the company into the ground and due to HIS incompetence, caused mass layoffs of competent teammates, creating a cut-throat environment of incompetent leaders, forcing everyone to return to office, while he rides off into the sunset with his millions in pension and retirement. I hope everyone who suffered under his leadership experience recompense, and everyone who prospered under his leadership begin to reap the very he-l that they sowed.

According to reporting today, Centene offered voluntary buyouts to most employees and indicated layoffs could follow if enough employees don't accept. CEO Sarah London told employees, "When our membership shifts, we need to shift our organization accordingly." The company reportedly had about 61,000 employees in Q1 2026. (Bloomberg Law)

## Updated Timeline

### Phase 1: 2022–2024

New leadership takes over.

Board thesis:

• Modernize Centene
• Become more technology-driven
• Improve member outcomes
• Diversify beyond traditional Medicaid dependence

At this point, the strategy was defensible.

### Phase 2: 2024–2025

Warning signs emerge.

Management faced:

• Medicaid redeterminations
• Rising utilization
• ACA Marketplace volatility
• Expiring enhanced subsidies

This is where forecasting and scenario planning become critical.

### Phase 3: 2025–2026

The strategy begins unraveling.

What happened:

Membership

• Medicaid enrollment declines.
• ACA Marketplace enrollment drops far more than originally anticipated after subsidy changes and premium increases. Centene expected ACA membership to fall from roughly 5.5 million to about 3.5 million after repricing. (Healthcare Dive)

Financials

• Massive earnings deterioration.
• Guidance credibility damaged.
• Investor confidence weakened. (Healthcare Dive)

Organization

• Executive restructuring announced in April 2026. (Investor Relations | Centene Corporation)
• Now voluntary buyouts and potential layoffs announced in June 2026. (Bloomberg Law)

# The New Insight

The buyout program is not the problem.

It is evidence of the problem.

When a payer begins broad voluntary separation programs after:

• Membership losses
• Earnings deterioration
• Multiple prior layoffs
• Organizational restructuring

it usually means management now believes the revenue base has permanently reset lower than previously expected. (Bloomberg Law)

In other words:

They are no longer planning for a temporary disruption.

They are resizing the company for a smaller future membership base.

That is a much more significant signal than the layoffs themselves.

# What This Says About Leadership

My view now:

## CFO Accountability: 40%

The CFO owns:

• Forecasting
• Scenario modeling
• Guidance
• Financial planning

The Marketplace membership collapse should have been modeled more aggressively.

Questions a board should ask:

• What was the expected subsidy expiration impact?
• What was the worst-case scenario?
• Why were forecasts so far off?
• Why did guidance have to be revised?

Those are CFO questions.

## CEO Accountability: 60%

The CEO owns:

### Strategic Direction

The critical decision wasn't the forecast.

The critical decision was:

"Marketplace will offset Medicaid losses."

That appears increasingly incorrect.

The company effectively:

• Lost Medicaid members
• Lost Marketplace members
• Lost operating leverage

And now must shrink the workforce to match the new reality. (Bloomberg Law)

That's fundamentally a strategic issue.

# What Would a Board Likely Do?

If I were sitting on the board today, I would ask:

### Question 1

Was this primarily:

• a forecasting failure?

or

• a strategy failure?

The answer determines who goes.

### If Forecasting Failed

Replace:

• CFO
• Chief Actuary
• Finance leadership

Retain CEO.

### If Strategy Failed

Replace:

• CEO

Possibly retain CFO if forecasts reflected the risks and leadership ignored them.

# My Assessment Today

With everything now known:

1. Medicaid losses
2. Marketplace losses
3. Subsidy expiration effects
4. Pricing issues
5. Guidance issues
6. Workforce reductions
7. Voluntary buyouts

I no longer see this as primarily a finance problem.

I see it as a strategy and execution problem.

The workforce reduction announcement is especially important because it demonstrates leadership is now reacting to membership losses rather than benefiting from a growth strategy. (Bloomberg Law)

# If This Were My Board Recommendation

Near term (next 6 months)

• Replace or restructure portions of Finance and Actuarial leadership.
• Bring in an external operating advisor with deep Medicaid and payer turnaround experience.
• Require a comprehensive membership recovery and profitability plan.

Medium term (next 12 months)

If:

• Membership stabilizes,
• Margins recover,
• Workforce reductions achieve targets,

then the CEO survives.

If:

• ACA membership continues declining,
• Medicaid pressure persists,
• Another major earnings miss occurs,

then I would expect the board to seriously evaluate replacing the CEO.

## Final Assessment

Looking at Centene from before Sarah through today, the company appears to have moved from a highly disciplined Medicaid operator under Michael Neidorff to a company attempting a broader transformation under Sarah London. The challenge is that the transformation coincided with one of the most difficult payer environments in decades. The latest buyout program is a strong signal that leadership now believes the enrollment and revenue outlook is materially lower than previously expected, forcing the organization into another round of cost reductions. Based on the information available today, I would assign greater accountability to the CEO than the CFO because the root issue appears to be strategic positioning and market assumptions, not simply financial forecasting. (Bloomberg Law)

What does everyone recommend we do if our boss puts a meeting invite on 6/17? Does that mean we are toast? Has anyone considered taking PTO or blocking off their calendar day on 6/17 with more important meetings? I am just going to say that our application has an urgent security concern that needs to be addressed or it risks being shutdown. It is a joke how this is being handled at our company.

California

• Comprehensive Autism Center has layoffs affecting an unknown number of workers in Temecula, with keywords including behavioral health, autism therapy, diagnostic testing, and provider cuts.
• Ubisoft is cutting around 100 workers at its San Francisco studio, with keywords including game studio, latest round, studio closures, and multi-year restructuring.

Connecticut

• Stamford Public Schools is preparing layoffs affecting an unknown number of workers in Stamford, with keywords including 900 fewer students, involuntary transfers, teachers union, and budget cuts.

Ohio

• Cleveland Metropolitan School District has layoff warnings affecting an unknown number of workers in Cleveland, with keywords including public schools, staff cuts, education funding, and nationwide warnings.

Pennsylvania

• Penn has spending cuts and prior layoffs affecting an unknown number of workers in Philadelphia, with keywords including FY27 budget, Graduate School of Education, multi-year effort, and operating cuts.

Tennessee

• Hollywood Feed is cutting 20 corporate staff workers at its Memphis headquarters, with keywords including headquarters, corporate staff, Tennessee, and layoffs.

Texas

• BSA Health System and Bell Textron have reported layoffs affecting an unknown number of workers in Amarillo, with keywords including employer statements, health system, Bell Textron, and local layoffs.

Multi-State: Not Specified

• JBS and Pilgrim’s Pride are closing meat plants and cutting at least 2,000 workers across unspecified locations, with keywords including manufacturing reshuffle, meat plants, plant closures, and food production.
• UPMC is cutting 200 workers and 300 open positions across its health system, with keywords including healthcare, open positions, systemwide layoffs, and workforce reduction.

United Kingdom

• BBC is planning to cut around 2,000 jobs across the organization, with keywords including news division, restructuring, budget cuts, and broadcaster layoffs.

Denmark

• Topsoe has laid off the majority of workers in its PtX division in Denmark, with keywords including smaller division, power-to-X, clean energy, and restructuring.

Singapore

• Singapore employers cut 3,830 workers in the January-to-March period, with keywords including restructuring, Ministry of Manpower, three-year high, and quarterly layoffs.

Nigeria

• Nigeria food and beverage employers face potential mass layoffs affecting an unknown number of workers across the sector, with keywords including rising costs, forex crisis, FOBTOB, and food industry.

Philippines

• TTEC has workforce adjustments affecting an unknown number of workers in the Philippines, with keywords including customer experience, need-based layoffs, worker pushback, and outsourcing.

Potential/Unconfirmed Layoffs

• Thousands of U.S. public-school employees face layoff warnings across unspecified states, with keywords including education system, school staff, funding pressure, and layoff warnings.
• Xbox Game Studios faces potential mass layoffs and studio closures affecting an unknown number of workers in unspecified locations, with keywords including Craig Duncan, executive departure, Compulsion Games, and July layoffs.
• Centene is offering buyouts to most staff and may pursue layoffs affecting an unknown number of workers across unspecified locations, with keywords including membership losses, workforce shrinkage, buyouts, and health insurer.
• Compulsion Games and Arkane Lyon face potential Xbox studio closures affecting an unknown number of workers in unspecified locations, with keywords including Microsoft, studio shutdown, game development, and layoffs loom.
• Microsoft is weighing an Xbox spinoff and planning July layoffs affecting an unknown number of workers in unspecified locations, with keywords including revenue decline, gaming division, spinoff, and fiscal year close.

Company-wide/Location Not Specified

• Neumora is cutting 35 percent of staff in an unspecified location, with keywords including navacaprant, depression studies, Koastal trial, and annual savings.
• IRS Taxpayer Services lost more than 11,000 workers and reassigned 1,173 higher-paid employees to lower-grade positions in unspecified locations, with keywords including filing season, TIGTA, reassigned staff, and federal workforce.
• Meta cut about 8,000 workers and shifted 7,000 into AI roles in unspecified locations, with keywords including AI restructuring, workforce strain, Zuckerberg mistakes, and no more layoffs.
• A product designer was laid off from an unspecified company and built a layoff support tool, with keywords including vibe-coded, support tool, job loss, and product design.
• A young Meta data researcher was laid off in an unspecified location, with keywords including AI, job market, career rethink, and layoff rumors.

National/Other Commentary and Analysis

• TechCrunch reported that the AI layoff wave has affected nearly 150,000 tech workers this year, with keywords including AI layoffs, tech companies, workforce displacement, and powder keg.
• HRD America reported AI-driven hiring growth despite major tech layoffs, with keywords including tech talent, hiring shift, labor market, and large providers.
• Entrepreneur and KSL reported Zuckerberg’s comments on Meta’s AI reshaping and May layoffs, with keywords including internal memo, AI workforce, mistakes, and no more layoffs.
• PC Gamer and Video Games Chronicle reported Microsoft CEO comments on Xbox monetization ahead of expected layoffs, with keywords including videogames, YouTube, monetization, and Xbox strategy.
• The HR Digest reported companies rehiring workers after AI layoffs, with keywords including hiring managers, replaced workers, AI roles, and human workers.
• The Tech Buzz reported AI layoffs alongside AI wealth creation, with keywords including tech insiders, billion-dollar fortunes, displacement, and AI economy.
• Nation Thailand reported broader risks from AI layoffs for workers and demand, with keywords including consumer purchasing power, firms, demand decline, and labor risk.
• Yahoo Finance reported on tech workers considering trade jobs after layoffs, with keywords including burnout, unstable startups, career change, and skilled trades.
• Atlanta Journal-Constitution reported potential Georgia layoff implications from the Paramount and Warner Bros. merger, with keywords including Turner Networks, ownership changes, media jobs, and Atlanta.
• Harvard Business Review discussed AI content compensation while referencing layoff avoidance, with keywords including AI companies, fair rates, content, and business strategy.

They getting many cuts?

if the new guy schedules an all-hands this week And includes at least some assurances that he’ll treat us like actual human beings, there’s a chance he could be a good leader.
If he doesn’t, then he’s an axe man who wants to get rid of as many of us as possible

I’m 57 and ready for a layoff or vrbo package. Come get me! Or invite me to come partake.
Could financially retire but feel like I’m a self made prisoner of the golden shackles.

Will 57 year olds ever be eligible for a vrbo given decades of service?

Surplus announcement for SE cuts 56 across 5 states / GA - 35 (Atlanta & Conyers), LA - 1 in Delhi, SC - 2 in Gaffney, NC - 8 in Statesville & Charlotte, TN - 10 in Dyeryburg, Lexington & Nashville. / … See you back here September 15th / Have a Nice 3rd Quarter

Reyes Coca-Cola Bottling will permanently close its Ventura distribution center. This closure is scheduled for July 10. The decision impacts 85 employees. The company cited declining soda demand as the reason. This facility had operated in Ventura since 1912.

Ventura, California

https://www.msn.com/en-my/news/other/california-coca-cola-plant-to-close-as-soda-demand-goes-flat/ss-AA247dJg

Credit Karma is laying off 117 employees. These job cuts are tied to its Oakland, California office. The layoffs are part of a broader restructuring by parent company Intuit. Intuit plans to cut 3,000 global jobs, focusing on AI and leaner operations. These reductions occur despite Credit Karma's recent revenue growth.

Oakland, California

https://www.thestreet.com/employment/credit-karma-lays-off-hundreds-despite-631m-revenue-jump

California Academy of Sciences employees rallied at San Francisco City Hall. They called for the San Francisco Board of Supervisors to audit the Academy's finances. This action followed recent layoffs affecting at least 38 union members. Management stated staff reductions were necessary to reduce expenses and eliminate deficits. Workers had previously proposed executive pay cuts, which the Academy refused.

San Francisco, California

https://localnewsmatters.org/2026/06/12/sf-california-academy-sciences-workers-rally-layoffs/