#workforcereduction

Over 5,100 workers faced layoffs across the U.S. supply chain sector. These job cuts affected logistics, manufacturing, and transportation companies. Major employers like FreshRealm, GEODIS, Ryder, and DSV announced significant reductions. Reasons included restructuring, contract losses, and softening industrial demand. Layoffs spanned at least 20 states, impacting various facility types.

https://finance.yahoo.com/economy/articles/more-5-100-freight-related-110000455.html

General Motors recently reduced its IT workforce. The company cut approximately 600 salaried positions. This move is part of a deliberate skills exchange. GM is now hiring for AI-focused IT roles. The automaker seeks professionals to build AI systems from the ground up.

https://www.indexbox.io/blog/gm-and-automakers-reshape-workforces-with-ai-focused-hiring-and-layoffs/

Forty-three union members faced layoffs last Friday. These workers are from LIUNA Local 846. They were employed on the Chickamauga Lock replacement project. The members were instructed not to return to work. They await further instructions regarding their employment.

Chickamauga, Tennessee

https://www.timesfreepress.com/news/2026/may/15/community-voice-contractor-layoffs-misplace-blame/

Visual Concepts, known for WWE 2K and NBA 2K, has conducted numerous layoffs. Several former employees announced their job losses on LinkedIn. A software engineer, Brittany Thibodeaux, confirmed many staffers were let go. Game designer Nina Marotta was laid off while on sick leave. The article does not specify the total number of affected employees or a reason for the layoffs.

https://www.psu.com/news/visual-concepts-has-reportedly-been-hit-by-layoffs/

51 switch positions in the NorthEast are being forced into the union. Supposedly those people will have to bid for their current positions. This eliminates the need for current VZB techs to have to go to the switch locations for work.
Rumors have it that current VZB techs can bid on those positions as well, thus having those VZW techs to end up RIFd

~89,900 total headcount. Seems like DAN need only one person to do all the operation ( Dan - 89,900 ) = DAN so Dan single handlely will work for Verizon and will make customer focused company by being bold. 🌅🌄

There’s been a lot of speculation lately around the company’s direction — reduced benefits, PTO changes, restructuring, workforce reductions, and broader efforts to improve financial performance have naturally fueled conversations about potential strategic moves. Acquisition rumors around NetApp aren’t new and seem to resurface every few years, but the current environment has people paying closer attention than usual.

From my perspective, the bigger concern is long-term growth and leadership’s ability to scale the business meaningfully beyond its current trajectory. With another round of layoffs expected next week followed closely by earnings, it’s understandable why employees and investors are reading into the timing and looking for signals about what may come next.

Byron Allen recently discussed layoffs within his media division. He described these workforce reductions as "thoughtful" and "humane." Allen attributed the changes to shifts in the broader media business. He stated the economy improved, offering new jobs for those let go. Allen Media Group also sold several local TV stations last year.

https://thedesk.net/2026/05/byron-allen-comments-about-layoffs/

I am waiting for the count to be < 5 soon

This morning’s Town Hall included a quick reference to 1500 roles/teammates will be impacted around 8/1 or 9/1. That is about 48% of RMO. Anyone else hear the same or have any details?

How many employees are left?

BioMarin Pharmaceutical is implementing workforce reductions. The company will eliminate 58 jobs. These cuts are at Amicus Therapeutics' Princeton headquarters. The layoffs are scheduled from August 7 to October 30. The action stems from BioMarin's acquisition and overlapping roles.

Princeton, New Jersey

https://njbiz.com/biomarin-cuts-amicus-jobs-princeton/

Cisco Systems announced layoffs affecting fewer than 4,000 employees. This reduction represents less than 5% of its total workforce. The company reported a record quarterly revenue of $15.8 billion. Cisco is reallocating investments towards artificial intelligence priorities. The restructuring program is expected to cost approximately $1 billion.

https://www.peoplematters.in/news/strategic-hr/cisco-announces-5percent-layoffs-while-posting-record-dollar158-billion-revenue-49730

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

• (Bloomberg)
• Fidelity Investments is cutting about 800 jobs while restructuring technology and product-delivery teams and planning additional hiring.

  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

• (Boston.com)
• Boston.com reports Fidelity will cut about 800 jobs worldwide while also hiring thousands as part of a broader restructuring.

  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

• (ThinkAdvisor)
• ThinkAdvisor summarizes reports that Fidelity is cutting 800 to 1,000 jobs tied to technology and product-delivery restructuring.

  https://www.thinkadvisor.com/2026/05/07/fidelity-laying-off-staff/

Fidelity to Cut Around 800 Jobs as It Restructures Technology and Product Teams

• (Hubbis)
• Hubbis reports Fidelity is cutting about 800 global roles while reshaping technology and product-delivery operations.

  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

• (Caproasia)
• Caproasia says Fidelity is cutting about 800 jobs while planning thousands of hires in engineering, technology, and 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

• (LayoffHedge)
• LayoffHedge tracks the Fidelity layoff round as roughly 800 jobs, about 1% of the company’s global workforce.

  https://layoffhedge.com/company/fidelity-investments

Fidelity Layoffs: Why The Giant Is Cutting 800 Roles While Hiring 3,300

• (AInvest)
• AInvest frames the cuts as part of Fidelity’s shift away from siloed agile teams toward larger technology and product units.

  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

• (AASTOCKS)
• AASTOCKS reports Fidelity is cutting at least 800 jobs globally as it restructures technology 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

• (Futu News)
• Futu News summarizes Bloomberg reporting that Fidelity is trimming about 1% of its workforce to reorganize tech and product teams.

  https://news.futunn.com/en/post/72748081/fidelity-plans-to-cut-at-least-800-jobs-globally-to

Finance Layoffs Tracker

• (TrueUp)
• TrueUp lists Fidelity among recent finance layoffs with about 1,000 roles affected on May 7, 2026.

  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/