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Verizon announced new layoffs affecting several hundred U.S. employees. These cuts follow a larger reduction of 13,000 roles less than six months ago. The company aims to achieve $5 billion in operating expense cuts by 2026. This restructuring is part of a broader strategy for cost savings and efficiency. Verizon also reported strong first-quarter growth and expanded its fiber network.
https://www.zacks.com/stock/news/2921385/verizon-announces-new-layoffs-as-cost-cutting-continues-into-2026
Around 150-60 been impacted
45% of those are band 6 rest 55% were engineer 1,2,3 . Realistically if we include all those folks who got moved to NRB and Wireless operation teams then realistically the count is 200+
Walmart will reduce its workforce by about 1,000 people. The company's corporate staff faces these reductions. Store workers are not included in this round of layoffs. Major job reductions target corporate offices in Arkansas and California. Local Walmart store positions are mostly secure.
Bucks County
https://www.phillyburbs.com/story/news/local/2026/05/13/walmart-layoffs-arkansas-are-stores-affected-pa/90058151007/
Cisco announced another wave of mass layoffs this week. The company plans to cut fewer than 4,000 jobs. This amounts to less than 5% of its total workforce. This decision comes despite Cisco reporting a record revenue of $15.8 billion. The company is shifting investments toward artificial intelligence.
San Jose, California
https://www.sfgate.com/bayarea/article/cisco-layoffs-bay-area-22257875.php
https://blogs.cisco.com/news/our-path-forward
KPMG is laying off over 500 staff in its UK operations. The cuts primarily affect 440 assistant manager roles in the audit business. An additional 120 positions will be eliminated from the advisory arm. KPMG attributes these reductions to low attrition rates and market conditions. The firm previously over-hired during a post-lockdown demand surge.
United Kingdom
https://www.consultancy.uk/news/43655/kpmg-to-shave-more-than-500-roles-from-uk-headcount
Tire manufacturer Goodyear announced plans to close its Fayetteville, North Carolina plant. The closure is expected by the end of 2027. Approximately 1,700 hourly and salaried positions will be affected. Goodyear stated this action is necessary to strengthen its market competitiveness. The company aims to support the long-term health of its business.
Fayetteville, North Carolina
https://spectrumlocalnews.com/nc/charlotte/news/2026/05/13/1-700-layoffs-possible-as-goodyear-eyes-closing-n-c--factory
LinkedIn plans to cut about 5% of its global workforce. This reorganization will eliminate approximately 875 positions. The company aims to shift focus toward growing business areas. AI automation is not the reason for these specific headcount reductions. Microsoft, LinkedIn's owner, has also made recent workforce reductions.
https://qz.com/linkedin-layoffs-workforce-reduction-reorganization-051326
8 teams and their 2-up let go in Montana, total of 75 employees
https://qz.com/linkedin-layoffs-workforce-reduction-reorganization-051326
Fidelity to Cut 800 Staffers as It Overhauls Tech, Product Teams
https://www.bloomberg.com/news/articles/2026-05-07/fidelity-to-cut-800-staffers-as-it-overhauls-tech-product-teams
Fidelity reorganizes its workplace with new hires - and a few cuts
https://www.boston.com/news/business/2026/05/11/fidelity-reorganizes-its-workplace-with-new-hires-and-a-few-cuts/
Fidelity Cuts 800-1,000 Jobs: Reports
https://www.thinkadvisor.com/2026/05/07/fidelity-laying-off-staff/
Fidelity to Cut Around 800 Jobs as It Restructures Technology and Product Teams
https://www.hubbis.com/news/fidelity-to-cut-around-800-jobs-as-it-restructures-technology-and-product-teams
United States $7 Trillion Asset Manager Fidelity Investments to Cut 800 Jobs Representing 1% of Global 80,000 Workforce But Will Hire 2,000 Including in Engineering, Technology & Product Roles
https://www.caproasia.com/2026/05/12/united-states-7-trillion-asset-manager-fidelity-investments-to-cut-800-jobs-representing-1-of-global-80000-workforce-but-will-hire-2000-including-in-engineering-technology-product-roles/
Fidelity Investments Layoffs 2026 - 800 Jobs Cut
https://layoffhedge.com/company/fidelity-investments
Fidelity Layoffs: Why The Giant Is Cutting 800 Roles While Hiring 3,300
https://www.ainvest.com/news/fidelity-layoffs-giant-cutting-800-roles-hiring-3-300-2605/
Fidelity to Cut at Least 800 Jobs Globally to Restructure Tech and Product Teams
https://www.aastocks.com/en/mobile/news.aspx?newsid=NOW.1523575&newssource=AAFN
Fidelity plans to cut at least 800 jobs globally to restructure its technology and product teams
https://news.futunn.com/en/post/72748081/fidelity-plans-to-cut-at-least-800-jobs-globally-to
Finance Layoffs Tracker
https://www.trueup.io/finance/layoffs
Chainsaw wants to chop another 20%
Layoffs like this should get local attention. They’re 100% offshoring all of these jobs, taking away from local communities (looking at you CRM, GOSC)
The Livermore Valley Joint Unified School District board will consider employee terminations. About 15 full-time equivalent positions are proposed for reduction. These cuts are part of a $14.8 million budget adjustment plan. Classified employees, including paraeducators, are most affected. The district must issue layoff notices to employees by May 15.
Livermore, California
https://www.livermorevine.com/education/2026/05/12/lvjusd-board-to-finalize-employee-layoffs/
Hengst Filtration announced 77 job cuts. These layoffs affect its Camden, South Carolina facility. The permanent reductions will happen from July to September. Hengst is the 21st company to announce state layoffs this year. The state's total job losses this year now exceed 2,000.
Camden, South Carolina
https://www.southcarolinapublicradio.org/sc-news/2026-05-11/with-kershaw-plant-announcement-layoffs-in-sc-cross-the-2-000-mark
Huntsman Corp. will cease nitrile latex production at its Akron facility. This change is scheduled for the end of the first quarter of 2027. The company plans to lay off 25% to 30% of its Akron workforce. Increased low-cost imports from the Far East are cited as a factor. Huntsman will continue other polymer manufacturing and focus on new materials in Akron.
Akron, Ohio
https://www.beaconjournal.com/story/business/2026/05/12/texas-based-huntsman-corporation-adjusting-its-manufacturing-focus-in-akron-nitrile-latex/89983377007/
Christianbook is implementing a workforce reduction. Fifty positions will be eliminated at its headquarters. A WARN notice was filed in May. These job cuts are scheduled to begin July 6. The company did not state a reason for the layoffs.
Peabody, Massachusetts
https://www.masslive.com/news/2026/05/beloved-north-shore-retailer-laying-off-50-employees-from-peabody-headquarters.html
Laying off the people who do the work while keeping the people who just attend meetings. That's not a strategy. That's self destruction.
What does the agency footprint look like? Fewer agents? Far less support staff? AI self serve?
General Motors is laying off 500 to 600 information technology workers. These job cuts affect employees globally. The company aims to reorganize its technology operations. GM stated this reorganization requires different skills and reduces overlap. This marks the latest round of white-collar job reductions for the automaker.
https://www.freep.com/story/money/cars/general-motors/2026/05/11/general-motors-layoffs-may-2026-job-cuts/90030898007/
MRI Software reportedly announced layoffs affecting its workforce. Up to 200 workers are reportedly impacted by these job cuts. The company specializes in real estate management and investment software. MRI Software is based in Solon, Ohio. The firm was previously known for its hiring practices.
Solon, Ohio
https://www.crainscleveland.com/real-estate/commercial/ccl-mri-layoffs-2026511/
GitLab announced a company-wide restructuring effort. The software company plans to reduce its workforce by June 1. This restructuring aims to meet the demands of the "agentic era." Changes include flattening management layers and reorganizing R&D teams. The CEO stated AI agents will automate internal processes, affecting roles.
https://www.businessinsider.com/gitlab-layoffs-memo-2026-5
General Motors is laying off hundreds of salaried employees. These cuts impact its information technology operations. The reductions began on Monday. Around 500 to 600 employees are largely affected. The automaker aims to cut redundancies and reevaluate workforce needs.
Detroit, Michigan
https://www.cnbc.com/2026/05/11/gm-layoffs.html
They’ve cut ~20% of the workforce today as, “ the business reorganization we announced today, which will impact approximately 20% of our global workforce. The intent of the reorganization is to simplify our global engineering operations, reduce our fixed costs, lower general and administrative expenses, and accelerate our move up-market and away from down-market SMB.”
Good luck to those moving to RS. Do we know an actual confirmed number of staff who will tupe across and what what relationship to the product ie engineering, support, sales etc?
Nearly 38,000 US jobs were cut in the first 10 days of May 2026. This affected sectors like technology, finance, and aviation. Spirit Airlines ceased operations, impacting 14,000 employees. Many companies cited AI-driven restructuring and cost reduction plans. Kyndryl, PayPal, and Cloudflare also announced significant workforce reductions.
https://americanbazaaronline.com/2026/05/10/us-layoffs-in-first-10-days-of-may-2026-nearly-38000-jobs-cut-480502/
Packaging manufacturers announced over 500 planned layoffs in March. These workforce reductions will occur in the coming months. Advanced Packaging, Genpak, Millwood, PCA, and Smurfit Westrock are among the affected companies. Plant closures are planned in Maryland, Utah, Illinois, Virginia, and Massachusetts. Genpak cited rising polystyrene bans for its Cedar City facility shutdown.
https://www.packagingdive.com/news/march-2026-packaging-manufacturing-closures-layoffs-genpak-pca-smurfit-westrock/816222/
Did anyone from Talensource get let go?
They will get to their 30% and another 10k -
The slow drip is ki-ling us
Weaker businesses are to be slashed significantly as the new focus on AI technologies and AI infrastructure.
People keep saying the cuts are done or will end soon. I've been here long enough to know they won't. This is just how we operate now.
With the whole Cognizant thing done, are those of us who're left behind safe at least for a while?
Meta got sued for age discrimination. See https://www.linkedin.com/pulse/called-them-dinosaurs-lawsuits-began-ai-bias-hiring-more-vanderburg-wff9c.
The data cited in the lawsuit is stark:
Employees over 40 were 1.5x more likely to be laid off than employees under 40.
Employees over 50 were 2.5x more likely to be terminated than their younger colleagues.
The workforce reductions last December appeared to disproportionately affect employees with older ages. Is there any public data support my observation?
A recent study analyzed worker risks across the United States. Affordable Contractors Insurance conducted the comprehensive report. Mississippi ranked eighth among states with the biggest risks for workers. Factors included high layoff rates, low wages, and limited unemployment benefits. The state also lacks paid sick leave and family leave laws.
Biloxi, Mississippi
https://amp.sunherald.com/news/local/article315646434.html
The staff reductions span Georgia, Louisiana, and Michigan, impacting a wide range of positions from headquarters-based corporate roles in Atlanta to operational employees in different field locations.
https://www.harianbasis.co/en/packaging-manufacturers-layoffs-facility-closures
Months over month, us-based employee count is down 100 and India offshore contractors are up 400
India has 44 openings now in workday.
But I seen your leadership tells you that they are not offshoring. Fu--ing liars.
More than 5,800 federal public lands workers departed last year. This affected eight Mountain West states. Agencies like the U.S. Forest Service saw significant declines. Many workers were reassigned to the Interior Secretary's office. This reorganization may lead to slower decision-making.
https://www.cpr.org/2026/05/07/how-many-federal-public-lands-jobs-did-colorado-lose/
Ticketmaster cut approximately 350 jobs globally. This reduction represents 8% of its total workforce. The layoffs primarily affected engineering, product, and design teams. The company cited stronger prioritization and restructuring efforts.
https://qz.com/ticketmaster-layoffs-350-jobs-engineering-design-050726
The Energy and Environmental Research Center at UND implemented workforce reductions. Forty benefited employees were affected by this decision. This total includes 27 permanent reductions and 13 temporary furloughs. The EERC plans to rehire furloughed staff as funding and operational needs allow. The EERC previously employed around 210 people.
Grand Forks, North Dakota
https://www.grandforksherald.com/news/local/unds-energy-and-environmental-research-center-makes-reduction-in-force-due-to-delays-in-funding