#layoffs

Sat in on a meeting where someone mentioned layoffs are confirmed for 2 of the following months August, September, November

Two major technology companies are planning significant workforce reductions in New Jersey. Verizon Corporate Resources Group, LLC and Samsung Electronics America, Inc. have both submitted layoff notices to the state. Verizon's filing indicates potential job losses for 282 employees. Samsung's notice details 739 layoffs as it relocates its headquarters. These actions are part of broader corporate restructuring and relocation efforts.

https://finance.yahoo.com/technology/articles/more-1-000-layoffs-planned-122451040.html

Finally received my 60 day non-working notice from Wells Fargo update after a Business Update meeting in Microsoft Teams. Super excited to be moving on! Glad I stuck around in Fraud (continued working remotely) after the Relocation Strategy email from corporate in February 2024 warning of these layoffs in the future. Delay after delay in DTFR, disorganized upper managers pushing out the date further and further. Prevent AI to date was a flop (but who cares anyways). Today I am happy to announce, I am done with Wells Fargo officially. What a ride it has been! Time to collect my hard earn money while I go on vacation and sip a Colada! Cheers!!!!!!!!!

Mars is closing its Newark headquarters as part of a strategic shift. This move will result in over 300 employees losing their jobs. The company is simultaneously expanding its operations in Chicago. This expansion is a key driver behind the workforce reduction in New Jersey. The company is consolidating its presence.

Newark, New Jersey

https://www.chicagobusiness.com/consumer-products/ccb-mars-wrigley-new-jersey-job-cuts-20260721/

In the past 6 months many people have been laid off, including some of our best leaders. We’re seriously understaffed now. Also, there is NO investment in this business and our IT portfolio has been cut to the bone. I never hear Sean C. even talk about Dental and he doesn’t seem to meet with Dental team members. I’m not even sure who’s really in charge now. There are no signs of real leadership anymore and the communication is terrible.

This used to be a great, highly profitable business with great employees. But it’s a pathetic shell of that now. This all makes me wonder if it is being stripped down in preparation for being sold, like IFP, Medicare and (soon) EviCore. Am I missing something?

Disney has announced significant job reductions impacting several hundred employees across various divisions. Pixar Animation Studios experienced a substantial number of these layoffs, despite recent box office success. Cuts also affected ESPN, Disney Entertainment Television, and National Geographic. This move follows earlier workforce reductions in April aimed at streamlining operations. The company is adapting its workforce to meet evolving industry demands.

Burbank, California

https://variety.com/2026/film/news/pixar-layoffs-disney-studios-several-hundred-employees-1236817241/

:)

They don’t care about you xoxo

ESPN has initiated its first significant layoffs in three years, primarily driven by its recent acquisition of NFL Network. This move follows Disney's finalization of the deal, which involved a 10% stake in ESPN. The company is integrating NFL assets and has identified redundancies in its operations. Several on-air talents across various sports have been impacted by these job reductions. ESPN stated its commitment to supporting affected employees through this transition.

Bristol, Connecticut

https://frontofficesports.com/espn-layoffs-nfl-network-acquisition-full-list/

It is that time of the year again???

That means a huge LR

Weird for HealthNet to donate 4 million to a random housing complex in California when we are laying off people. You're actively making more potential homeless people.

Fingers crossed for everyone.

Whoever had the idea to bring on a dog as the Chief Pawsitivity Officer is a genius. She’s super cute and everyone loves her. She has a fan clubs. Great distraction to the fires burning all around the Association as they lay folks off and cut back on benefits, etc.

No kidding. These people laid off everyone in Portfolio then pushed their work to teams that have never heard of the product before. Literal people that support things like SiteScope now working Portfolio products with zero training on them. Just two people from my team took like 20 cases. We've been told we can just approve overtime for these cases but im not sure if even that is possible. Worst run company I have ever worked in, it was literally better when I worked at an outsourcing company.

Having worked there for the past 10 years I was shocked to come in and find this out. It feels like familiar faces have been wiped from the office like trying to get an old apple product fixed in the apple store. I heard that the NDAs were brutal? Anyone have any news from those laid off?

Has anyone ever seen a demotion? My boss was demoted from AVP to Sr Director, I'm worried about my job.

I have spent 30 years at Intel and have accumulated about $7M with no liabilities. I am early 50's. I guess my issue is I don't feel $7M is enough to retire. However, the RTO has removed my joy and I keep feeling like "why do I put up with this". I feel like I am doing a great job, but otherwise no longer have ambition for more promotions.

For awhile I was looking for other jobs, but now that the stock is up, I have another $1M if I just stay 2 more years. Do most of you feel the same way?

Deals pushed. Numbers missed again.

If i get rejected im gonna lose my sh-t

Larry made a bad bet on AI and will cost him his island and fortune.. His age clearly shows in his lack of judgment to put all eggs into one AI basket and will now be the poster child of the AI collapse. Laying off employees that were keeping the company afloat to adapt an unproven and premature AI approach that costs too much to run is a recipe for disaster. Oracle is now a sinking ship drowning in debt. It won’t be long before it becomes a $5 stock

So there is a new tactic that everyone should know about. Since performance management was released, managers have been in touch with HR to understand how they can give more money to their reports that are their friends or family. And the only solution from HR is this -> employees that are seen as critical to business needs and have a legal offer letter from another company will get a salary hike above the normal SAP limitations to match their offer.

So basically, if you have a friend who has a company, ask them to create an AI-related job for you and make you and offer - it has to be a written offer and cannot be just an email or verbal confirmation. And then your managers starts the process by creating an HR ticket and getting an exception for you and increasing your salary.

But the caveat is this - HR has been asked to reject as many of these as possible.

For a handful of roles where a manager is well connected within SAP, they will get HR to approve this and give 10% or more salary hikes. For almost all other roles, they will decline and then HR will flag that you are not committed to working at SAP and find ways to get rid of your role.

So if your area executive or T5 manager of managers or your T4/T5 manager is asking you to find a good role and get an offer and use it to increase your salary, DO NOT DO THAT. A lot of area executives are peddling this as an idea to work around performance management limitations. It is a farce.

This only works if that manager has already made a deal with HR. Otherwise you will not get an increased salary but be asked to join that other job. HR is doing this to easily identify people who can be laid off without a severance. They are also using sick leave and AI usage data to decide who should be put on a performance improvement plan and laid off subsequently.

Be careful of the sneaky HR and area executives and managers.

At the meeting I was told my contract wont be extended and each of new-hires got the same message. So yeah, the Dell aka circus itself. Hire bunch of ppl in last half a year without actual strategy and now they are going to shut the place

GSS has had a steep consistent decline in new cases over the last period. How many customers have already left? I don’t believe it’s the AI solving the issues.
If it is the AI — how long until support team is sacked

NYC retiree transplanted to Boca. Looking to buy a fixed annuity. Looked around and noticed NY Life & NW Mutual. The annuity store had their Comdex score as really high up. I looked up Mutual of America's Comdex score and it ranks like at 200 & the score dropped from 57 to 55. NY Life was in the high 90's. What is a Comdex score & why is my former company so low. What happened & is this due to the layoffs ?

Heard some rumors of layoffs in ops after a new group came from risk. Any one heard anything?

When a corporation keeps missing the mark, the groups responsible for independent challenge should not escape scrutiny. Their job is not to protect relationships, preserve invitations, or stay in the good graces of senior executives. Their job is to raise uncomfortable truths.

If an oversight organization has become known more for executive access and polished diplomacy than for confronting weak results, it may no longer be serving a useful purpose. At that point, reducing or rebuilding the function is a legitimate business decision.

Responsibility starts with the person leading it and continues through the executives who report directly to them. They set the tone, chose what to challenge, and decided how forcefully to communicate the company’s failures. If that leadership structure prioritized proximity to power over accountability, it should be replaced—not rewarded with continued headcount and influence.

Appreciate the effort to send out surveys to show how difficult this place is to get anything done, but history has shown that people here who complain about the insanity are considered “bad attitude “ and given the axe in the next round of layoffs.

Dan promised Wall Street ai-cs tech stack by November. That means more layoffs are coming to reach the $5b .. I expect more leadership departures to be announced soon since last week’s cuts don’t add up to the $500m Verizon wrote off in the sec filing for severances and real estate. Brace for impact.

seems like they are firing mainly developers due to cost reductions / the on going climate and moving developers to India. everyone's benefits were terminated and at midnight and were given the a standard bare bones severance.

Wellsfargo is annoying employees and so they are taking money to other banks, I am doing it too, Laid off , retired employees doing it too.
Wells should come up with some plan to retain good employees and keep them happy.

I see exhaustive number of complaints however I do not see anything factual where somebody was truly laid off as a result of RTO or anything else because it’s all vague and not specific. I think the intent of the site has lost its path. Instead of making a comment as my teammate was laid off maybe because they weren’t performing but be more specific as I have yet to see somebody be laid off in two years

0/10 would not recommend!!!! I wrote they are exploitive and my thoughts on making us all wait for this VSP. Mission Simplify is a fu--ing joke

It’s going to be a very long stressful difficult week! Hopefully we all hear the news soon and it’s everything we hope it is whatever it is we want. Good Luck everyone

My last working day with Citi was 06/30, non-working notice period is 7/1-8/29. So far still haven't received the shipping box to return the company property. Can anyone share how soon do people who get laid off receiving the shipping box after the last working day? Thanks!

Everyone should tune into 2Q earnings on Wednesday and witness “leadership’s” spin on their reality vs ours and our customers. What’s the anticipated playbook? If like other earnings or townhalls it will go something like this:
1) Credit Hoarding and Blame Deflection: Stankey will take personal credit for all successes, but scapegoat realities or market factors for any poor metrics, failures, or missed targets.
2) Spinning Data: He’ll present metrics selectively to inflate achievements while minimizing or altogether hiding negative data/results.
3) Focusing on Optics Over Substance: He’ll prioritize vanity metrics like PR splashes or superficial growth instead of addressing structural issues or the long-term sustainability of the corporation.
4) Gaslighting Employees: He’ll publicly contradict internal realities; he will claim the company is thriving while employees experience understaffing, canceled projects, and record level layoffs and burnout.
5) Silencing Dissent: He’ll negligently ignore bad news, punish employees (no matter their level) who report operational failures or low morale, and exclude critical voices from high-level conversations.
6) Lack of Empathy for Stakeholders: He’ll dismiss the toll that poor organizational performance (e.g., RTO and targeted layoffs, restructuring) takes on the workforce and quarterly results.

https://www.thecrimson.com/article/2026/7/20/fas-layoffs-first-round/

The rumors are getting louder about another round of cuts, possibly starting next month. Does anybody have any concrete info about it or should I just not worry just yet?

They see us as a cost to cut. Do they think they can survive without the people who actually do the work? We're treated like we're disposable.