#layoffs

So most thought by July a package would come .Now I hear there’s discrepancy on how many or who even on the amount

We all know the 7/16 day.. with CXO likely to be impacted.. does anyone have any insight in what deaprtments within CXO will be impacted.. Care, Tech, Bilingual or Case.. or all in some shape or form??

A federal judge has issued an injunction preventing the Consumer Financial Protection Bureau from proceeding with layoffs. These layoffs specifically targeted employees working remotely or in telework arrangements. The injunction was granted following a lawsuit filed by affected workers. The court's decision temporarily halts the agency's plan to bring these employees back to Washington D.C. or terminate their employment. Further legal proceedings will determine the ultimate outcome for these CFPB staff members.

Washington, D.C.

https://www.wusa9.com/video/news/politics/federal-fallout/federal-injunction-blocks-cfpb-layoffs/65-77d0cc00-0855-45cc-be8e-b101d7cec4b1

Over 400 employees, including many teachers and aides, were initially laid off by the Cleveland Metropolitan School District. Nearly 130 of these individuals have since been recalled to their positions. This recall process is guided by a union contract that prioritizes laid-off staff for open roles. Despite these recalls, the district anticipates a significant reduction in overall staff for the upcoming school year. The district attributed its ability to rehire staff to creative resource reallocation and public pressure.

Cleveland, Ohio

https://signalcleveland.org/since-layoffs-dozens-of-cleveland-educators-have-been-recalled-to-cmsd/

Amazon has recently implemented significant layoffs. These job cuts are occurring within a competitive and saturated employment landscape. The company's actions are contributing to a challenging environment for job seekers. This situation highlights broader trends in the technology and logistics sectors. The full impact of these reductions is still unfolding.

Seattle, Washington

https://theloadstar.com/cnbc-amazon-layoffs-take-their-toll-in-saturated-job-market/

Connecticut manufacturers face a persistent skills gap, with companies struggling to fill open positions despite recent layoffs at larger firms. The demand for specialized skills, particularly in advanced manufacturing and defense sectors, outstrips the available workforce. Major hiring pushes by companies like Electric Boat exacerbate the problem, drawing talent away from smaller suppliers. While some displaced workers are available, their skill sets often do not align with current industry needs. This situation necessitates significant investment in training and development for new hires, a costly process for many businesses.

Waterbury, Connecticut

https://hartfordbusiness.com/article/skills-mismatch-factory-layoffs-arent-solving-manufacturers-hiring-problems/

Bethesda union workers are organizing a "Save Our Devs" march to protest recent Xbox layoffs. The OneBGS union represents affected employees and seeks better protections. The protest will occur at multiple ZeniMax office locations. Workers are demanding improved severance packages and healthcare support. They also want opportunities for affected employees to transfer to other roles.

Rockville, Maryland

https://chshyd.in/gaming/bethesda-union-members-plan-july-15/

Many technology firms are implementing frequent workforce reductions, often termed "continuous tuning," as they navigate evolving business priorities and invest heavily in artificial intelligence. This trend, observed across major companies like Microsoft, Amazon, and Meta, signifies a shift from cyclical layoffs to a more persistent strategy. Companies cite the need to reallocate resources towards AI development and adapt to technological advancements as primary drivers for these adjustments. While some layoffs are attributed to post-pandemic restructuring, the increasing mention of AI alongside workforce cuts on corporate calls highlights its growing influence. Experts suggest this approach, driven by uncertainty and competitive pressures, is likely to become a norm in the tech industry.

https://www.businessinsider.com/why-tech-companies-keep-doing-layoffs-ai-2026-7

A new survey reveals that a significant majority of U.S. workers support the creation of an AI wealth fund. This sentiment arises as tech layoffs continue to increase, causing widespread job security concerns. The proposed fund would mandate AI firms to transfer a substantial portion of their stock to public ownership. Proponents believe this will ensure the benefits of AI are shared broadly. This initiative aims to address public frustration over corporate profits versus worker displacement.

United States

https://www.cnbc.com/2026/07/12/majority-of-us-workers-support-ai-fund-amid-tech-layoffs-survey.html

When headlines like this appear in the Detroit newspapers, written from Ford press releases by lazy “reporters,” two things are imminent: bad earnings reports and layoffs.

What do you think about those dashboards that will be launched soon and how do you think they will be utilised by the business?

Will they induce layoffs based on attendance?

I am just a T3 employee do I don't know who is going to be laid off. But I am super frustrated with the current messaging by upper management in all areas.

Design has become super important and we are hiring designers like crazy. This should not be the case because design is one of the areas where we need less people as AI has made prototyping easier.

Developers are super important and I hope they don't cut any. Not because I am a developer but because a conventional developer is not equivalent to an AI developer and almost no one gets this. As a tech company, we need more developers not less.

Development Managers is a really bad role now. This used to be a role consisting of developers who wanted to be managers as well. And they are supposed to be able to "develop" their reports from a technical perspective. But a majority of these new development managers from HPOM are not technical at all and don't understand the basics. We now have product owners, agile coaches and even retail managers and DEI coaches as development managers. SAP is increasing the number of development managers of poor quality with no added benefit.

We need more QA colleagues.

AI cannot replace support colleagues and we need to find a more sustainable way to deal with this.

And we probably should replace all executives with AI because they don't seem to do anything for the benefit of customers or stakeholders. They are too obsessed with getting their pensions.

This isn’t investment advice. Just sharing something I read because there was a lot of hype around the SpaceX IPO on this very forum.

https://x.com/gnoble79/status/2076080526042038465

The largest IPO in history is also shaping up to be the largest exit liquidity operation in history

SpaceX went public at more than 90x revenue, and the insiders who bought in at a fraction of today's price are about to start selling their shares to you.

Let me walk you through why this IPO is built to separate retail investors from their money:

SpaceX has NEVER turned a profit and lost close to $5 billion last year.

At the offering you were paying more than 90x revenue and at the peak the market briefly valued it near 140x.

30 years ago the head of Sun Microsystems explained in detail why paying even 10x revenue almost always ends in tears, and he was right.

But listen closely, because the valuation is not even the real story.

The scarcity is what CREATED this valuation in the first place, and the calendar that ki-ls the scarcity is what ki-ls the price.

Less than 5% of SpaceX shares were actually available to trade at the IPO. Then the index committees REWROTE their own rules to fast track the stock into the Nasdaq 100 just 15 trading days after listing, which forced every passive fund and index ETF in the country to buy at the exact moment the float was at its tightest. The Nasdaq inclusion alone forced an estimated $4.3 billion of buying, and the Russell reweighting added roughly $3 billion more.

The supply was minuscule and the buying was mandatory. That's a manufactured squeeze, and it is why the stock went above $225 in its first week.

Now watch what happens next, because this is the part they ain't explaining to you:

The lockup was staggered on purpose, and the entire schedule is sitting in the prospectus for anyone who bothers to read it.

In early August, right after Q2 earnings, 20% of the locked shares come free. Another 10% unlocks early if the stock trades 30% above the $135 IPO price going into the report.

Then tranches of 7% hit the market at 70, 90, 105, 120 and 135 days after the IPO, which means fresh insider supply lands roughly every 2 to 3 weeks from late August through late October.

Q3 earnings triggers the single biggest release of all, another 28%, roughly 1.3 billion shares. On December 8 the 180 day lockup expires entirely. And on June 12, 2027 comes the final wave, when Musk's own 6.4 billion shares, 42% of the whole company, become sellable for the first time.

Add it all up and insiders could be free to sell as much as 44% of the company by early September, which would balloon the tradable float by roughly 900%.

All of that supply lands on a stock the company deliberately packed with retail, because SpaceX reserved close to 30% of the offering for individual investors vs the usual 10%.

This deal created over 4,400 paper millionaires inside the company. You think none of them are looking to cash out?

Early holders are already loading up on puts to lock in what they have.

First they keep the float tiny. Then they let the index rules force the world to buy at the top. Then they release a flood of insider stock into a crowd of retail buyers who were handed the shares up high.

When the price finally breaks the offering level, the people who got in years ago at pennies on today's dollar will hit the bid, and the exit liquidity is your retirement account.

And what are you actually left holding? Strip away the science fiction and the only business inside SpaceX that reliably earns money is Starlink, which produced $1.2 billion of operating income last quarter. A wonderful business worth hundreds of billions on its best day. NOT $2 trillion.

Serious fair value work lands around $30 a share.

Nobody has been a bigger bear on this deal than me. I called it out the moment it started trading, and it is already playing out on schedule as the shares have given back the entire squeeze and slipped below their opening print.

I was Peter Lynch's auto analyst back in 1981 and I have watched every disaster since, and I am telling you this is one of the great wealth transfers of my lifetime packed into a fancy narrative.

Tesla was the biggest misallocation of capital in the history of stock markets. SpaceX may have just surpassed it.

SPCX goes straight onto my short list, and the beauty of this setup is that the catalyst is not a guess or something, it is literally a PUBLISHED CALENDAR.

This is the most grossly overpriced stock at scale that I have ever seen.

It is tough out here finding a new job. If you have one with benefits and good pay try to make it work. It will get better some day, but it is really bad right now. I have been looking for a while after leaving Oxy and the whole job situation has changed. On the techinical side each opening (if it is really an opening) gets 100's of resumes if not more. A lot of the jobs are ghost jobs on LinkedIn and other sites, and it is just a je-k around of people trying to get your data and then selling it. I have applied to many jobs and got one Teams interview and that had been it. I know sometimes your situation might be bad at work, but believe me it is terrible out here on the job market. I am not with HR and just want to let all my old Oxy co-workers know how bad it is. Make the most of what you have in hand.

So once the VSP requests are all processed by/before the 27th, how long do you all suspect it'll be before the involuntary layoffs begin?

Do you think we will see layoffs this year? Or is the only way out to quit? With all the work there is I can’t imagine there will be any layoffs. They’re even taking work from other locations and need to hire. Even AI is causing more work.

Any layoff for onetalk product…

Not really sure why, but did anyone else get one version of the layoff document to sign only to get another on the 9th? The latter added extensive language for preventing lawsuits, client interaction, bad-mouthing company, etc. What I would expect in this kind of doc, But it was what came after that I've never seen. It was a listing (not by name) but by position the people who were laid off and their Age. Not sure if they're daring someone to try and build a class action or bravado. Was I the only one who got the list? The way it breaks down:
Age Count
20-29 21
30-39 43
40-49 78
50-59 121
60-69 119
70-79 14

Listed another way
Those under 40 make up 16% of those laid off
40+ (a protected class) is at a whopping 84%

I don't know if it's enough for a suit, but it sure seems suspect in terms of their methodology in selecting individual.

VZ to acquire Dish out of bankruptcy, laying off massive amounts of head count to pay for it.

Layoffs to fly under the radar of the larger story

Another Monday in customer success of team meetings,1x1’s and posting in slack about how great we’re doing! While they literally preparing us for the unemployment line.

Any word on whether more sales layoffs are expected? Seems like the team has already been reduced quite a bit. Curious how much more can be cut before there’s not much left.

How is anyone supposed to stay motivated when layoffs are constant? There's no stability, no security. All of us are just waiting for our number to come up.

I know it's tempting to wait and see what happens, but finding work is way easier when you're not desperate. This place is going nowhere fast, so why stick around?

Any confirmed layoffs coming in September or sooner. Spill the beans.

With all the constant talk regarding RIF and layoffs. Plus, rumors of a reorganization of the lines of business. The company has not asked for any reduction of headcount on the union side. What gives?

Hired to control costs and recover margins for Nike. You all know what that means, right?

5000 engineer will get laid off by sep 2026 confirmed news.

Although the exact day to announce this is still being decided to manage the optics, there will be significant layoffs in the it space shortly.

The Board of Governors of the Federal Reserve, the body overseeing the implementation of United States monetary policy, has announced the creation of five task forces intended to evaluate and improve the Fed's operations. In a press release, Federal Reserve Chairman Kevin Warsh named the "external advisers" who will lead each task force, ranging from economics professors to AI investors and corporate executives—executives like Xbox CEO Asha Sharma, who will preside over a task force on employment and productivity.

https://www.pcgamer.com/gaming-industry/us-federal-reserve-taps-xbox-ceo-asha-sharma-who-just-laid-off-3-200-employees-to-lead-task-force-on-jobs/

Our area executive has informed several managers that they can encourage employees to cut their hours to avoid layoffs, transitioning from full-time to part-time contracts. SAP HR has engaged McKinsey & Company to determine which employees will be let go, focusing primarily on full-time positions. By reducing hours, employees can sidestep impending layoffs, but the situation is more complex.

Area executives are pushing this strategy not just to save jobs but to illustrate that full-time employees are less favorable compared to part-time workers in the context of AI, which is expected to enhance productivity. While the desire to avoid layoffs is strong, there is a moral dilemma in participating in a scheme that seems designed to benefit only McKinsey and the executives, who stand to gain financially from the layoffs.

Previous layoffs at SAP cost the company €2.5 billion, with minimal savings as funds were redirected to executive bonuses, share buybacks, and AI expenses.

In Germany, refusing to accept reduced hours could jeopardize welfare benefits, complicating the decision further. The question remains: how will you respond if your manager suggests reducing your hours?

Wealth is going to have few more changes . Many grade8 s will take up g7 roles and many g8/9s will be let go . They should merre wealth with brokerage

Let's use this thread for the July 23rd layoffs. I know there are some in Optum Rx.

How many were laid off last week?

No more rumors

With JR making a comment with no real transparency, and RMC being so big does anyone have any info on business lines within RMC being impacted?

Recently there are lots of news floating around H-1b being mis-used for promotion, hiring, layoff,vendor consultant hiring, politics inside Citigroup. Here is the press release for reporting these issues and you will get compensated:

https://www.oig.dol.gov/public/Press%20Releases/OIG-Press-Release-070826.htm

Reports may be submitted to the U.S. Department of Labor OIG Hotline: 1-800-347-3756 or https://www.oig.dol.gov/hotline.htm

If you have a peer who is H-1b, then you can claim your layoff was fraudulent if you can prove it with your contribution details and hierarchy details. Your management is also held responsible for invalid promotions, salary increments to H-1b

Recently there are lots of news floating around H-1b being mis-used for promotion, hiring, layoff,etc inside Oracle. Here is the press release for reporting these issues and you will get compensated:

https://www.oig.dol.gov/public/Press%20Releases/OIG-Press-Release-070826.htm

Reports may be submitted to the U.S. Department of Labor OIG Hotline: 1-800-347-3756 or https://www.oig.dol.gov/hotline.htm

If you have a peer who is H-1b, then you can claim your layoff was fraudulent if you can prove it with your contribution details and hierarchy details from Aria

The current CISO a--hole brought his pals along from Etrade. He and his pals laid off almost every hardworking and talented person who saved his a-s from mega breaches and embarrasment. Its just a matter of time before he replaces the rest. What a corrupt dou--ebag!

Ansys still has departments that overlap with Synopsys—such as back-office and marketing—but does anyone know what process will be used to integrate them and lay off current employees?

Also, given that there have been multiple rounds of layoffs, does the company still have the financial capacity to pay severance packages if employees in these overlapping departments are laid off?