#workforcereduction

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Smoky Mountain Logistics is closing its Lebanon location, resulting in 145 layoffs

Smoky Mountain Logistics, LLC plans to permanently close its Lebanon facility at the end of February, affecting 145 employees, the Tennessee Department of Labor and Workforce Development announced Monday.The shutdown is set to take effect Feb. 28.

https://fox17.com/news/local/smoky-mountain-logistics-to-close-lebanon-facility-impacting-145-jobs-by-februarys-end


Linamar announces Shelbyville closure, with 80 jobs impacted

Linamar Shelbyville is preparing to permanently close its operations later this year, with the shutdown scheduled for July 31. The closure will impact 80 employees at the facility located at 100 Northcreek Drive.

https://fox17.com/news/local/linamar-shelbyville-announces-closure-impacted-80-employees-bedford-county-tennessee


BlackRock (BLK) to Cut 250 Jobs in Latest Round of Layoffs

BlackRock, the world’s largest asset manager, is trimming its workforce once again. According to Bloomberg, the company plans to cut about 1% of its global headcount, or 250 employees, as part of a broader effort to streamline operations. The layoffs are expected to impact multiple divisions, including investment and sales teams.

https://www.tipranks.com/news/blackrock-blk-to-cut-250-jobs-in-latest-round-of-layoffs


Gene editing startup Tessera announces workforce reduction amid pipeline shift

Tessera’s layoffs come amid broader biotech industry adjustments, with the company narrowing its research scope to core gene-editing efforts tied to its partnership with Regeneron and moving other projects

https://www.boston.com/news/business/2026/01/12/somerville-biotech-company-laying-off-35-of-workforce/


Thousands of Verizon Jobs Could Vanish This Spring — Here’s Why

With Verizon’s acquisition of Frontier moving toward completion, industry analysts expect a first wave of layoffs in March–April 2026. Estimates suggest roughly 4,500–9,000 Verizon employees could be affected, mostly in corporate, administrative, and overlapping network operations roles, while frontline technicians are likely to be spared initially due to regulatory broadband obligations. Some of these reductions may come through voluntary buyouts or early retirements, but the merger will still represent one of the largest workforce adjustments in recent Verizon history.


Sapiens begins global layoffs as new owner Advent reshapes the company

The software company is laying off about 10% of its global workforce following its $2.5 billion acquisition by Advent. The cuts in Israel will be relatively modest, around 5%, while layoffs in India and the US will reach about 10% of employees.

https://www.calcalistech.com/ctechnews/article/bybo6fzbbl


Fiber rehab?

Neighborhood has been taken down twice in the past 4-5 weeks. Actual Verizon techs working overnight at the Xboxes. What are they doing? Know they have used a lot of contractors for installation in the past but that has basically wound down and seems like there is no repair work based on the number of trucks you see after almost any type of inclement weather.


We are paying Abacus to take our jobs!

Gainwell responsibilities are shifting to Abacus and that means Gainwell staff will be reduced to account for the shift is the staffing model change. There was a townhall Thursday where Pinky pretty much told us that some of us will be moving on because the current staffing model will reduce the number of people in the new Abacus model. I mean, if people don't get the clue by that then they deserve to stay and suffer.


Cut until you can’t cut anymore 2026

Support and merchandising job re-alignment starting soon. You heard it here first. Hours will be a mix of early morning, late night, closing, opening, and mid shifts based on business needs
H.R./asset protection positions in bronze stores and under are toast
Hometown stores will be run by key holders and leads, salary positions (except for store manager) are toast


You Can’t Build the Future in an Office No One Wants

You can build all the offices you want. The workforce you’re trying to force into them doesn’t want them.

Five day RTO is not culture. It’s wasted time, wasted money, and wasted talent. People commute for hours just to sit on video calls they could do better from home. There is no productivity upside and no data to support it.

The market has already moved on. Over 80 percent of companies offer hybrid or remote work. Younger talent will not choose a dinosaur policy when better pay, flexibility, and trust exist everywhere else.

As older workers retire, you’re forcing out the next generation before they ever commit. That’s not strategy. It’s self sabotage. Keep spending billions on offices no one wants while the talent pipeline walks out the door.


Tessera Therapeutics layoffs 2026

Tessera Therapeutics is planning to lay off 90 employees, the Flagship-founded biotech has warned.

In a state layoff notice posted Wednesday, Tessera explained that the workforce reduction will affect employees based in a number of U.S. states starting March 8.

https://www.fiercebiotech.com/biotech/flagship-founded-tessera-plans-lay-90-employees-march


Jan 7th layoff update

Here is what I’ve heard more than once. If anyone knows differently please call it out / correct me-

Layoffs:
Jan 6th - End User Support
Jan 6th- Resource Planning

Upcoming
Jan 13th- Consumer / Retail
Jan 20th - Product (now under Jeff Simon/ IT)

Both upcoming are targeting a 20% reduct


Ultium Cells layoffs 2026

A workforce reduction began today at the Ultium Cells battery manufacturing plant in Lordstown. The company moved forward with a planned mass layoff involving 1,334 hourly employees. The facility is a joint venture between General Motors and LG Energy Solution, located on Tod Avenue SW.

https://www.wfmj.com/story/53355222/ultium-cells-cuts-1300-jobs-at-lordstown-plant


Intel Layoffs Jump 5x to 2,400 Workers in 2026 Chip Crisis

Intel initially disclosed 669 Oregon layoffs in November 2025. By January 2026, that number jumped to 2,392 workers – nearly 5x the original count. Combined with earlier cuts, Intel is eliminating over 3,000 Oregon jobs, representing roughly 20% of its 20,000-person workforce in the state.

https://byteiota.com/intel-layoffs-jump-5x-to-2400-workers-in-2026-chip-crisis/


January 12 Workforce Reduction

Notifications will be given on January 12. Those subject will remain employed through January 16. Shared services is aggressively making cuts with no plans to fix lack of workforce available to fulfill client needs.
I work for a state agency that recently contracted with GWT for the promise of cost. I was against the negotiation, but I don’t have enough sway to have made it otherwise. I also used to work for GWT so I have this info passed to me first hand. Take it or leave it.