#news

TECH: Alphabet added to Dow Jones Industrial Average, replacing Verizon

PUBLISHED TUE, JUN 23 20265:23 PM UPDATED 20 MIN AGO.

Alphabet will replace Verizon in the Dow Jones Industrial Average
, S&P Global said Tuesday, further expanding mega-cap technology’s presence in the blue-chip average.

S&P Global said the Google parent’s A shares — which trade under the ticker GOOGL — would take the spot in the 30-stock index ahead of the start of Monday’s trading. Shares of the online search giant rose about 1% after the bell on Tuesday following the announcement.

The California-based company will join mega-cap tech peers Nvidia
, Amazon, Apple and Microsoft
in the blue-chip index. S&P Global said Alphabet’s inclusion would bolster the Dow’s exposure to themes like artificial intelligence, cloud infrastructure and advertising.

https://www.cnbc.com/2026/06/23/alphabet-verizon-dow-djia.html?

Company-wide/Location Not Specified

• Oracle is cutting 21,000 workers company-wide, with keywords including AI, restructuring, data center costs, and automation.
• Lucid is cutting more than 1,000 workers company-wide, with keywords including EV, cost-cutting, production reduction, and COO departure.
• Ethereum Foundation is cutting 20% of staff company-wide, with keywords including reorganization, leadership exodus, blockchain, and foundation.
• iHeartMedia has layoffs affecting an unknown number of programming workers company-wide, with keywords including programming, strategy shift, decision-making, and innovation.
• Electronic Arts has reported layoffs affecting an unknown number of workers company-wide, with keywords including recruitment, customer support, safety, and IT.
• Wells Fargo has layoffs affecting an unknown number of workers across multiple locations, with keywords including H-1B, reorganization, filings, and banking.

Tennessee

• West Tennessee employers have closures and layoffs affecting nearly 1,900 workers in West Tennessee, with keywords including WARN, closures, layoffs, and 2026.
• An unidentified Brentwood business is closing and cutting 150 workers in Brentwood, with keywords including business closure, layoffs, job loss, and Tennessee.

Massachusetts

• Coca-Cola is closing its Northampton plant and cutting about 175 workers in Northampton, with keywords including plant closure, bottling, WARN, and layoffs.

New Jersey

• Verizon and another New Jersey employer may cut 260 workers in New Jersey, with keywords including WARN, Basking Ridge, employer notices, and layoffs.

California

• Lucid is cutting an unknown number of workers in the Bay Area, with keywords including EV maker, second round, profitability, and layoffs.
• Ubisoft is cutting 93 workers in San Francisco, with keywords including WARN, games, roles, and layoffs.

Arizona

• Lucid is cutting hundreds of workers in Casa Grande, with keywords including EV factory, Arizona, cost-cutting, and layoffs.

Connecticut

• A Bradley International Airport contractor is cutting 100 workers in Windsor Locks, with keywords including airport, contractor, permanent layoffs, and Bradley.
• An unidentified Connecticut employer has announced mass layoffs after losing a prominent contract, with keywords including contract loss, mass layoffs, Connecticut, and Patch.

Kentucky

• Premier Candle U.S. Corp. has layoffs affecting an unknown number of workers in Graves County, with keywords including acquisition, candle company, Mayfield, and workforce cuts.

Michigan

• General Motors has cut 1,000 workers in Detroit, with keywords including EV factory, robots, UAW, and automation.
• General Motors previously had temporary and permanent layoffs affecting 2,500 workers at Factory Zero in Detroit, with keywords including EV factory, temporary layoffs, permanent layoffs, and automakers.

Canada

• Crossley Carpet Mills has issued layoff notices affecting an unknown number of workers in Truro, Nova Scotia, with keywords including carpet, economy, notices, and Canada.

Potential/Unconfirmed Layoffs

• The Senate defense bill seeks to limit future civilian layoffs affecting an unknown number of Department of Defense workers, with keywords including defense bill, cyber talent, protections, and civilian workforce.
• ESPN is reportedly considering mass layoffs affecting an unknown number of workers, with keywords including media, mass layoffs, ESPN, and reporting.
• Nevada Congressman Steven Horsford has proposed an AI-related layoffs transparency law affecting an unknown number of future reported layoffs, with keywords including AI, transparency, legislation, and reporting.
• Federal lawmakers have introduced a bill requiring reporting on AI-related layoffs affecting an unknown number of workers, with keywords including Jacobs, Horsford, Moylan, AI impacts, and Labor Department.
• The U.S. Office of National Intelligence has reported firings affecting an unknown number of workers, with keywords including intelligence, firings, federal workforce, and agency.

National/Other Commentary and Analysis

• Yahoo Tech reports nearly 155,000 tech jobs cut in 2026 across companies including Meta, LinkedIn, Lucid, and Robinhood, with keywords including tech layoffs, TrueUp, 2026, and job cuts.
• TechCrunch tracks major 2026 tech layoffs where employers cited AI, with keywords including running list, tech, AI, and layoffs.
• Business Insider discusses C-suite downsizing at Lucid, with keywords including executives, downsizing, SEC filing, and job cuts.
• MSN lists 15 companies that have said they are doing AI-related layoffs, with keywords including AI, companies, layoffs, and roundup.
• Inc. reports Ikea used AI to grow revenue without layoffs, with keywords including no confirmed layoffs, chatbot, 8,500 workers, and customer calls.
• Supply Chain Management Review reports AI adoption does not match the mass layoff narrative, with keywords including Gartner, AI adoption, workforce reductions, and analysis.
• Bold Journey Magazine discusses bouncing back from job loss, with keywords including job loss, career, layoffs, and advice.
• Tech Policy Press discusses tech union formation amid layoffs, with keywords including union, Meta, AI, and tech layoffs.

But sure, the market l o v e s us...

https://www.quiverquant.com/news/Kyndryl+Holdings%2C+Inc.+%28%24KD%29+Chairman+and+CEO+2026+Pay+Revealed

Is there any news about layoffs I should know about?

Dan’s big idea…

https://www.theverge.com/tech/950881/verizon-simplicity-plan-launch?utm_source=dlvr.it&utm_medium=linkedin

Arizona

• Lucid Motors is cutting roughly 1,500 workers, representing about 18% of its U.S. workforce and eliminating a production shift at its Arizona factory, with keywords including electric vehicles, restructuring, cost reduction, and manufacturing.

Massachusetts

• Coca-Cola is closing its Northampton, Massachusetts plant and laying off about 175 workers, with keywords including plant closure, beverage manufacturing, state filing, and workforce reduction.
• Baystate Health has confirmed layoffs affecting an unknown number of workers in western Massachusetts amid a reported $60 million budget shortfall, with keywords including healthcare, budget deficit, nursing concerns, and workforce reduction.

New York

• Novartis is laying off 60 workers at a Flatiron biotech operation in New York following its acquisition of Tourmaline Bio, with keywords including biotechnology, acquisition, pharmaceuticals, and workforce reduction.

Ohio

• Senior Resource Connection will begin mass layoffs affecting 160 workers in Ohio starting June 30, with keywords including nonprofit, workforce reduction, staffing changes, and organizational restructuring.
• Orlando Baking Company is actively hiring as more than 700 Schwebel’s employees in Ohio face upcoming layoffs, with keywords including bakery, hiring, workforce transition, and plant employment.

California

• Kabam is consolidating its Los Angeles office and laying off an unknown number of workers, with keywords including gaming, office consolidation, restructuring, and workforce reduction.
• PlayerUnknown Productions has laid off an unknown number of workers in California after failing to secure sufficient funding, with keywords including gaming, funding shortfall, restructuring, and workforce reduction.

Minnesota

• Minnesota Star Tribune is expected to reduce newsroom staffing by about 15% through layoffs and buyouts in Minnesota, with keywords including media, newsroom cuts, buyouts, and workforce reduction.

Germany

• DB Cargo is eliminating 6,200 jobs in Germany by 2030, with keywords including rail freight, restructuring, long-term workforce reduction, and cost savings.

Company-wide/Location Not Specified

• Electronic Arts has reportedly begun layoffs affecting an unknown number of workers, with keywords including gaming, restructuring, workforce reduction, and corporate changes.
• BlackRock has conducted layoffs affecting an unknown number of workers across investment, technology, operations, and private credit teams, with keywords including asset management, efficiency efforts, restructuring, and workforce reduction.
• Meta employees are reporting morale challenges following layoffs and AI-related restructuring, with keywords including artificial intelligence, organizational change, workforce reduction, and employee relations.

Potential/Unconfirmed Layoffs

• CFPB layoffs remain tied up in federal court proceedings and no final workforce reduction has been confirmed, with keywords including litigation, appeals court, government agency, and proposed cuts.
• Spirit Airlines remains involved in litigation related to prior bankruptcy-era layoffs affecting an unknown number of workers, with keywords including bankruptcy, labor rights, legal dispute, and workforce reduction.
• Tennessee WARN filings have affected about 5,001 workers through announced closures and layoffs statewide in 2026, with keywords including WARN notices, facility closures, workforce reductions, and labor market.
• General Motors previously cut more than 1,000 workers and has introduced additional automation initiatives, with keywords including manufacturing, robotics, restructuring, and workforce reduction.

National/Other Commentary and Analysis

• Forbes examined claims that artificial intelligence is driving layoffs and argued the causes are more complex, with keywords including AI, technology, workforce trends, and analysis.
• HRD America reported research showing layoffs can significantly reduce employee trust in management, with keywords including workplace culture, leadership, morale, and analysis.
• Silicon Valley Business Journal analyzed continuing layoff risks for technology workers despite hiring gains, with keywords including technology, labor market, employment trends, and analysis.
• Built In discussed potential long-term business costs associated with AI-driven layoffs, with keywords including artificial intelligence, workforce strategy, business risk, and analysis.
• Newsweek reported on proposed legislation requiring disclosure of layoff plans during visa applications, with keywords including immigration, legislation, transparency, and policy.
• People Matters, Forbes, Yahoo Life UK, and Let’s Data Science reported survey findings showing most executives expect AI-related workforce reductions in coming years, with keywords including artificial intelligence, executive surveys, workforce planning, and labor trends.
• Quiver Quantitative and KOLO reported on legislation that would require companies to identify AI-related layoffs, with keywords including transparency, worker protections, artificial intelligence, and legislation.
• HR Executive analyzed California employer obligations under emerging AI-related workforce regulations, with keywords including compliance, artificial intelligence, labor law, and workforce planning.
• Inc. Magazine and Wall Street Journal published commentary on AI, job security, and organizational impacts of workforce reductions, with keywords including artificial intelligence, employment, business strategy, and analysis.

The OTEX stock has gone down over the past year but it’s now at its lowest it’s been since mid 2013!

Any details about this new title?

https://hrexecutive.com/inside-meta-layoffs-and-ai-shakeups-have-pushed-morale-to-the-edge/

SmartAsset, a financial technology company, released a new report. The report identified America's newest boomtowns nationwide. SmartAsset assessed over 400 cities based on economic output, housing, and labor force growth. Four California cities were ranked among these rapidly growing areas. Menifee, Rancho Cordova, Santa Clara, and Sunnyvale made the list.

https://www.aol.com/articles/four-california-cities-among-americas-180001216.html

Has anyone heard anything recent about layoffs?

Ron Charles, a former Washington Post book critic, was laid off in February. He chose to write full-time for his Substack newsletter instead of seeking a new job. Charles has gained over 34,000 followers for his independent book review coverage. Many journalists are now transitioning to independent platforms after newsroom layoffs. This shift offers freedom but presents challenges like financial instability and lack of team collaboration.

https://www.poynter.org/business-work/2026/can-independent-journalism-replace-newsrooms/

https://fxnewsgroup.com/forex-news/retail-forex/fx-week-in-review-vcg-markets-ceo-robinhood-layoffs-tentrade-hires-isam-md-ebc-uk-director-accused/

Check this out
https://investor.amerisourcebergen.com/news/news-details/2026/Cencora-Announces-Samantha-Hammock-as-Chief-Human-Resources-Officer/default.aspx

while still on the Verizon's payroll until the end of June

https://www.phonearena.com/news/spacex-should-buy-at-t-t-mobile-or-verizon_id181076

https://investors.autodesk.com/news-releases/news-release-details/autodesk-announces-nomination-omar-abbosh-board

So the 45% pay increase wasn’t enough to get him to concentrate on Pearson?

Robinhood announced a 10% workforce reduction. This action affected approximately 290 staffers. The company cited business strength for the move. Wall Street analysts subsequently raised price targets for HOOD stock. Robinhood shares soared 8.8% following the news.

https://www.investors.com/news/robinhood-stock-hood-stock-soars-above-key-level/

Inquiring minds want to know

https://gagadget.com/en/715412-bungie-quantic-dream-id-software-a-wave-of-layoffs-is-hitting-gaming-this-summer/

Aside from the COVID period AT&T has laid people off twice a year for decades.

Safe to assume its more bad news for the employees, what with the recent hush hush layoffs crossing many parts of MDS…

Centene offering buyout plans to its employees due to low Medicaid enrollment.

https://www.reuters.com/legal/litigation/centene-offers-most-staff-buyouts-after-obamacare-member-losses-bloomberg-news-2026-06-15/

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

Just wondering if a date is known?

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.

https://www.vogue.com/article/isaac-mizrahi-is-targets-first-creative-director-at-large

https://investors.fiserv.com/news-releases/news-release-details/fiserv-announces-leadership-transition

Whoops. We sent someone a replacement device and then wiped it because it was flagged as a demo phone in our system.

https://www.youtube.com/watch?v=9UKliRxYI14

Takeda Pharmaceutical, Massachusetts’ largest life sciences employer, is preparing to lay off 247 employees in Cambridge, with cuts beginning as soon as July 1, 2026 and some possibly extending into 2027.

The article is posted here: https://finance.yahoo.com/sectors/healthcare/articles/largest-mass-biotech-employer-axing-181441933.html

The layoffs are part of Takeda’s broader Transformation Program, approved in March, which aims to save about $1.2 billion annually by 2028. Globally, Takeda plans to cut around 4,500 jobs by March 2027, which is less than 10% of its workforce. The Massachusetts layoffs are included in that global figure, not an additional round.

A major driver is the sharp decline of VYVANSE, Takeda’s ADHD dr-g, after it lost U.S. patent protection in August 2023. U.S. sales reportedly fell 63% last fiscal year as generics entered the market.

Takeda said many affected Massachusetts employees have already found other roles inside the company, and it has about 2,100 open positions globally, including in Massachusetts. The company says it is prioritizing internal candidates.

The article also notes that Takeda recently lost an antitrust case involving AMITIZA, but the company said that verdict is not connected to the layoffs.

Takeda is now relying on several experimental dr-gs, including oveporexton, rusfertide, and zasocitinib, to help replace lost VYVANSE revenue.

Just wanted to let you know that VOYA Financial laidoff (we believe) 80% of the acquired employees from their One America Retirement Services purchase in April 2026

Wow. Have you seen this? I just saw it. They’re talking about it all over—everyone is talking about it. Dan Schulman, the guy from Verizon. Great company, by the way, very big, very powerful, though frankly, the signal in Mar-a-Lago could be better. We’re looking into that.

But Dan—fake news Dan—he’s writing love poems. Can you believe it? Love poems! To his wife! And let me tell you, I’ve seen the poems. Total disaster. Weak. No vocabulary. Sad! He tells his wife her eyes have "low latency." Incredible. If I told Melania she had low latency, she’d lock me out of the penthouse. Total catastrophe. Dan is out there dropping calls in the bedroom. He’s got zero bars, folks. Absolutely zero bars. Sad!

Heard wind of activity tracking being implemented on PCs sometime next week

Heard a big announcement was coming next week ? Anyheads up ?

https://www.thelayoff.com/post/@OP+1kryy7b2b

Let's blow that one up.. add your layoff Intel there.

Genentech has reportedly eliminated its infectious disease and physiological chemistry units, losing key executives including Vishva Dixit and Man-Wah Tan.

https://www.bizjournals.com/sanfrancisco/news/2026/06/11/genentech-layoffs-infectious-disease-job-cuts.html