#displacement

For those recently laid off: did your displacement packet include the standard disclosure showing the ages of everyone in your group who was laid off? I was laid off a few years ago and received it. This layoff I did not. Does this mean I was the only one in my group that was displaced?

Is it standard and final?

I heard that folks on laat displacement didn’t get packages. Any truth to that?

We Must Act Now
Statement on AI’s Transformation of the Economy

AI may become radically more powerful over the next 10 years.
This could drive an unprecedented transformation of our economy, larger than the Industrial Revolution, but unfolding over a vastly shorter time frame. It could bring risks, including large-scale job displacement, as well as opportunities such as major gains in living standards.

Economists, policymakers and technology leaders must act now to understand the economics of transformative AI and to build the incentives, guardrails, and institutions needed to steer AI in a direction that complements humans and benefits society.

Signatories

Erik Brynjolfsson, Stanford University

Ajay Agrawal, University of Toronto

Anton Korinek, University of Virginia and Anthropic

Tom Cunningham, METR

Michael Spence, New York University*

Daron Acemoglu, MIT*

Diane Coyle, University of Cambridge

Chad Jones, Stanford University

David Autor, MIT

Joseph Stiglitz, Columbia University*

Niall Ferguson, Stanford University

Jason Furman, Harvard University

Simon Johnson, MIT*

Christopher A. Pissarides, London School of Economics*

Paul Milgrom, Stanford University*

George Akerlof, Georgetown University and University of California, Berkeley*

Philippe Aghion, INSEAD*

Dan Hendrycks, Center for AI Safety

Eric Schmidt, Former CEO of Google

Peter Howitt, Brown University*

Oliver D. Hart, Harvard University*

Bengt Holmstrom, MIT*

Alvin Roth, Stanford University*

Michael Kremer, University of Chicago*

Roger B. Myerson, University of Chicago*

Paul Krugman, Graduate Center of the City University of New York*

Ben Bernanke, Brookings Institution*

Robert J. Shiller, Yale University*

Pascual Restrepo, Yale University

Jaan Tallinn, University of Cambridge

Daniel Susskind, Gresham College

Yoshua Bengio, Université de Montréal, LawZero and Mila

Gillian Hadfield, Johns Hopkins University

Raffaella Sadun, Harvard Business School

Tyler Cowen, George Mason University

Reid Hoffman, Greylock

Wojciech Zaremba, OpenAI Foundation

David J. Deming, Harvard University

Jack Clark, Anthropic

Ronnie Chatterji, OpenAI

Dean Ball, OpenAI

Jeff Dean, Google

Joshua Gans, University of Toronto

Abhishek Nagaraj, University of California, Berkeley

Jeffrey Sachs, Columbia University

Peter McCrory, Anthropic

Alex Imas, University of Chicago

Stephanie Bell, Partnership on AI

Rebecca Finlay, Partnership on AI

Gina Raimondo, RAISE US

Yann LeCun, Advanced Machine Intelligence Labs

John McHale, University of Galway

Oskar Nordström Skans, Uppsala University

Ebehi Iyoha, Harvard Business School

Kevin Bryan, University of Toronto

Judy Chevalier, Yale University

Shannon Liu, University of Toronto

Shai Bernstein, Harvard Business School

Alexander Oettl, Emory University

Benjamin Jones, Northwestern University

Scott Stern, MIT

Hong Luo, University of Toronto

Amir Sariri, Purdue University

John List, University of Chicago

Rebecca Henderson, Harvard Business School

Ben Weidmann, University College London

Kristina McElheran, University of Toronto

Basil Halperin, University of Virginia

Christian Catalini, MIT

Rembrand Koning, Harvard Business School

Lee Lockwood, University of Virginia

Daniel Trefler, University of Toronto

Annie Liang, Northwestern University

Anders Humlum, University of Chicago

Jonathan Colmer, University of Virginia

Maria del Rio-Chanona, University College London

Janice Stein, University of Toronto

David Yanagizawa-Drott, University of Zurich

Frank Neffke, Complexity Science Hub

Eva Vivalt, University of Toronto

Doh-Shin Jeon, Toulouse School of Economics

Adam Posen, Peterson Institute for International Economics

Jakub Growiec, SGH Warsaw School of Economics

David Hémous, University of Zurich

Elliott Ash, ETH Zurich

Klaus Prettner, Vienna University of Economics and Business

Donghyun Suh, Bank of Korea

Benjamin Moll, London School of Economics

Philipp Schmidt-Dengler, University of Vienna

Olivier Blanchard, Peterson Institute for International Economics

Emilio Calvano, LUISS University of Rome

John Van Reenen, London School of Economics

Maryam Farboodi, Cornell University

Sholto Douglas, Anthropic

John Schulman, Thinking Machines

Martin Beraja, University of California, Berkeley

John Fernald, INSEAD

Boaz Barak, Harvard University and OpenAI

Arnaud Costinot, MIT

Noam Brown, OpenAI

Anna Salomons, Tilburg University and Utrecht University

Olivier Jeanne, Johns Hopkins University

Neil Thompson, MIT

Simone Daniotti, Utrecht University

Jerry Yang, AME Cloud Ventures

Leonardo Gambacorta, Centre for Economic Policy Research

Daniel Kokotajlo, AI Futures Project

Michiel Bakker, MIT and Google DeepMind

Manuel Trajtenberg, Tel Aviv University

Giacomo Calzolari, European University Institute

Jeff Wilke, Re:Build Manufacturing

Jacques Crémer, Toulouse School of Economics

Danny Yagan, University of California, Berkeley

Beatrice Weder di Mauro, Centre for Economic Policy Research

Max Tegmark, MIT

Vinod Khosla, Khosla Ventures

Benjamin Shiller, Brandeis University

Oren Etzioni, University of Washington

Martin Ford

Oded Galor, Brown University

Sarah Friar, OpenAI

Marc L. Busch, Georgetown University

Walid Hejazi, University of Toronto

Dilip Soman, University of Toronto

John Danaher, University of Galway

Thomas Astebro, HEC Paris

Alex Tabarrok, George Mason University

Alberto Galasso, University of Toronto

Alfonso Gambardella, Bocconi University

Reza Satchu, Harvard Business School

Alex Whalley, University of Calgary

Tom Davidson, Forethought Center for AI Strategy

Laurina Zhang, Boston University

Andrew Scott, University of Oxford

Jean-Etienne de Bettignies, Queen's University

Sam Manning, GovAI

Joel Blit, University of Waterloo

Sampsa Samila, IESE Business School

Roshni Raveendhran, University of Virginia

Liz Lyons, University of California, San Diego

Ramana Nanda, Imperial College London

Marianne Bertrand, University of Chicago

Arnaldo Camuffo, Bocconi University

Maxim Massenkoff, Anthropic

Petra Moser, New York University

Shivaji Sondhi, University of Oxford and Princeton University

Danny Buerkli, Windfall Trust

Carles Boix, Princeton University

Anna Yelizarova, Windfall Trust

Ken Ono, Axiom Math and University of Virginia

Isaiah Andrews, MIT

Anders Sandberg, University of Oxford

Martin Chorzempa, Peterson Institute for International Economics

Gita Gopinath, Harvard University

Zoë Hitzig, Anthropic

Lawrence Katz, Harvard University

Nathan Wilmers, Anthropic

Sebastian Becker, HEC Paris

Markus K. Brunnermeier, Princeton University

Sebastian Mallaby, Council on Foreign Relations

Adrian Brown, Windfall Trust

Sonia Sennik, Creative Destruction Lab

Ioana Marinescu, University of Pennsylvania

Nicholas Bloom, Stanford University

Johannes Hermle, Anthropic

Ashesh Rambachan, MIT

Brian Jabarian, Carnegie Mellon University

Lukas Althoff, Stanford University

Soumitra Shukla, Harvard Business School

Andrey Fradkin, Boston University

Andrew Koh, Columbia University

Prasanna Tambe, University of Pennsylvania

Cheryl Wu, Yale University

Albert Wenger, Union Square Ventures

Gigi Danziger, Eutopia

Chris Tonetti, Stanford University

Justin Bullock, Americans for Responsible Innovation

Bryan Seegmiller, Northwestern University

Betsey Stevenson, University of Michigan

Stefanie Stantcheva, Harvard University

Justin Wolfers, University of Michigan

Eva Lyubich, Anthropic

Chrishan Thuraisingham

Szymon Sacher, Anthropic

Thomas Houlden, Columbia University

Ben Golub, Northwestern University

Carlos J. Serrano, HEC Paris

Heski Bar-Isaac, University of Toronto

William Strange, University of Toronto

Jen Baggs, University of Victoria

Victor Aguirregabiria, University of Toronto

Melissa Lynne Dell, Harvard University

Jasmine Sun

Rob Reich, Stanford University

James Landay, Stanford University

Anousheh Ansari, XPRIZE Foundation

Fiona Chen, Harvard University

Michael Nayak, XPRIZE Foundation

George Williamson, The Alan Turing Institute

Michael Chui, McKinsey

Gabriel Unger, Stanford University

Katya Klinova

Parker Whitfill, METR

Arvind Karunakaran, Stanford University

Georgios Petropoulos, University of Southern California Marshall School of Business

José Ramón Enríquez, Stanford University

Christos Makridis, Arizona State University

Luca Vendraminelli, Stanford University

Alvin Wang Graylin, Stanford University

Sophia Kazinnik, Stanford University

Christina Langer, Stanford University

Riitta Katila, Stanford University

Lynn Wu, University of Pennsylvania

Matt Beane, University of California, Santa Barbara

David Nguyen, Stanford University

Avinash Collis, Carnegie Mellon University

Pamela Mishkin, Stanford University

Andy Haupt, Stanford University

Neale Mahoney, Stanford University

Robb Willer, Stanford University

Sinan Aral, MIT

Thomas W. Malone, MIT

Wajeeha Ahmad, Stanford University

Diyi Yang, Stanford University

Mary MacLennan

Wang Jin, Chapman University

Arjun Ramani, MIT

Glen Weyl, Microsoft Research

J. Frank Li, University of British Columbia

Jeremy Howard, fast.ai

Matt Gentzkow, Stanford University

Bharat Chandar, Stanford University

Jiaxin Pei, Stanford University

Sarah Bana, Chapman University

Ramiz Razzak

Molly Kinder, Breakwater Initiative

Arvind Narayanan, Princeton University

Laura Tyson, University of California, Berkeley

Tristan Harris, Center for Humane Technology

Christie Ko, Stanford University

Susan Young, Stanford University

• Nobel laureate

Remote employee, I was called into another meeting and presented with “great news” that where I once was going to be let go at the end of the 3rd quarter 2026, I am now in the next wave which will be Q1 2027

This is probably the forth or the fifth time over 5-6 years I had been told to prepare for displacement only have it explained, that I am being rewarded in some way because my job has been preserved for another few months.

I was long overdue for a promotion which they have now flat out told me will not happen because I am going to be displaced. So I am doing the same job function if not more work than people titled more senior than me and being paid less.

I feel like a contractor, trapped and just wished they would let me go instead of thinking that kicking the can down the road every six months should somehow make me feel inspired.

Thar she blows.

Enjoy your labor day weekend and even longer displacement period.

We just arent growing so we need to shrink some more. The last AI Agent running will shut down the bank.

When the strategy is "do more with less," somehow it's always the people doing the work who end up doing less... because they no longer have a job.
Another round of collections and IT displacements. The folks who kept systems running, helped customers, solved problems, and cleaned up the messes are thanked with a meeting and a severance packet.
Nothing says "valuing people" quite like calling layoffs a "business transformation."
Wishing everyone impacted the best. Companies can replace positions on an org chart, but they don't replace the experience, dedication, and relationships those employees built.

Citi Tampa is more like hire Indian h1b fire American
Exactly opposite of what the government intends to. How great that is for America
H1b first ….

Managers in SLC, UT have stated that either August 4th or the 18th will be the day for a big displacement, especiallyin the QA department. Does anyone have any solid/confirmed information on this information?

One manager said for certain it would be the 4th. But can they know for sure and able to truly provide such information about displacement dates?

Months ago we heard Walmart planned 3000+ H1B hires. Then, the Trump administration attached a $100,000 fee for bringing in a foreign H1B employee to replace a US based associate. After that, Walmart walked back their H1B plans.

Now, a federal judge has ruled the fee is illegal. Does that mean we’ll see Walmart dump a ton more US based associates and bring in foreign H1B workers to take those jobs? If I had to guess, I’d say, yes- they probably will.

Fury erupts as US brand fires 1,600 employees after securing thousands of foreign worker visas

https://www.foxnews.com/politics/fury-erupts-us-brand-fires-1600-employees-after-securing-thousands-foreign-worker-visas

Are there tax implications by choosing one over the other? Does that affect how you can apply for unemployment? Can’t understand why someone wouldn’t just want to get the entire severance amount in one large deposit. Thanks.

Grab that OT while you can just in case. Maybe we’ll meet at the displacement briefing.

IowaWorks provides assistance to workers. These workers were affected by recent layoffs. Officials say help includes resume support. They also offer training opportunities. Workers can find new job opportunities.

https://www.weareiowa.com/video/news/state/iowaworks-provides-resources-unemployment-assistance-to-workers-after-layoffs/524-3e6ba134-4776-45d8-9aed-3a8fcfa64d9d

I have been moved around to multiple teams since COVID (same job title and same pay, though). It appears our team will probably be laid off by this next Tuesday after payday as the work we did is being handled by original team that should have been working the cases anyway., but my question is, has anyone had success convincing HR to let you go back to your previous team vs. being displaced? I mean, it’s not my fault I am on the team that I am on. I was just flexible and adaptable but I would really like to go back to one of my previous teams rather than being laid off.

Can someone tell me if they received insurance during the displacement was it Cobra? how long did you have it? and did Wells pay their part of the insurance?

Just a note for those confused by the info provided in the Displacement Packet regarding the timing...

PTO and Final Paycheck for me were just deposited in my bank account on the last day of my 60-day non-working period. Thought it would be next week, but no. Submitting my Lump Sum request tomorrow (1st day of my "free agency"). I'll let you know how long that takes to process.

Worked in Tech...Cybersecurity.

End of Q2 is upon us. Share if you have any info on upcoming displacements such as Groups/Dates.

Governor Gavin Newsom issued an executive order last month. This order directs state agencies to study AI's impact on work. California aims to prepare its workforce for potential disruption. Data collection and employment trend monitoring are underway. The ultimate effects of AI on jobs remain unknown.

San Diego, California

https://www.axios.com/local/san-diego/2026/06/19/california-ai-workforce-displacement-newsom-order-employment-data-worker-safeguards

Two to three months until they think Cognizant will be ready to start taking over activities in Digital, and we should expect some roles to be displaced. "Some of it will be a bummer," says RK.

There are a lot of rumors that upper leadership has stated that SLC will be displacing the QA deptments end of June possibly the end of 3rd quarter in Sept. Its also been said that most of SLC will be gone before 2027. Any truth to this?

Just read on a local news website that the 800 bldg downtown STL will be going up for auction next month (June). With all the RTO mandates it will be interesting to see if the bank will purchase the building not knowing whomever buys that building has different plans with that property that could potentially displace BOA altogether in that building. I hope not because I will WFH if that happens and not relocate to another location which I currently commute 2hrs already RT.

Displacement call 9:15am on a Tuesday after payday for me. Got the IM (inconsistently meets) at end of 2025 for the first time. Had always gotten meets prior and no real reason for the review or what I did wrong. Simple explanation of “we expect more than we used to” brouhaha.. Also got the telltale “you have not met standards
Of using AI in the past month” email even though those supposed standards were only being tracked for my team starting May 1, and I had been using since mid April on a daily basis.
Half my team was eliminated. Well, half my U.S. team was eliminated, most with 15+ years with wf under their belts. Underperforming teammates in India had no layoffs. Writings on the wall folks. No one is safe as management doesn’t, and hasn’t cared for a long time. Pretty soon all work will come out of overseas locations with no quality checks being done. And AI isn’t at a place yet to replace the work of many specialists. CS doesn’t care though, as long as he gets himself and all his banking buds jobs and retirement packages while he still can.
Get out while you can. WF is now, atleast to me, considered the WF Titanic of companies. Sinking ship, not enough life boats for sustainability, and I foresee another audit/check of WF illegal workings, with a spotlight on good ole Uncle Charlie. That’s why he keeps hiring his cronies from past jobs and contacts, right? Feather their nests while he still can.
As soon as I can, I will also be switching banks to one I have faith in. And there will be no ties ever again to WF.

Johnston Public Schools announced staff layoffs. Seventy-nine layoff and displacement letters were sent. Approximately half of these positions will be reassigned. The district will meet with the union to place affected members. Further announcements on school closures are expected.

Johnston, Rhode Island

https://turnto10.com/news/local/johnston-public-schools-to-lay-off-79-staff-members-reassign-half-positions-impacted-available-union-april-28-2026

Wonder if I have a case re: Billesdon vs Wells Fargo Securities, Inc.

Grand Rapids Public Schools is considering displacing up to 47 teacher positions. This action is planned for the 2026-27 school year. The district aims to align staffing with declining student enrollment. Officials hope to eliminate open vacancies rather than lay off current employees. Teachers may need to transition to different school buildings.

Grand Rapids, MI

https://www.mlive.com/news/grand-rapids/2026/04/grps-weighs-displacing-nearly-50-teachers-citing-declining-enrollment.html

As we know, when you’ve been at Wells Fargo for 10 years, you get an additional 40 hours PTO… But they don’t give it to you at the start of the year but rather they spread it out over 12 months. If you’re let go or fired before the end of the year, how much of that 40 hours do you get … that is, would you get whatever is remaining or due to you from the separation date until the end of the year? In other words, do you that 40 hours PTO or only that much of it that has been given to you up to and ending on your separation date?

How many plants and distributors centers have had Capstone take over their facility? Kicking out union and union wages

FCRM/FCM remote OR employees were told by executive team, they would be displaced in October 2025, 4th quarter. That came around and they changed the date to the 1st quarter of 2026. Now into the 2nd quarter of 2026 with more empty promises and no displacement in sight. Prevent Ai not working as planned 😂 buggy program and they need to keep senior staff around to balance out the cascading CPH metrics. Also changed to IPH and lowered metrics because Fraud Agents are underperforming with a rushed Ai product.

There were dozens of people laid off in Operations at the St. Louis hub today.

About 30 people in ITV across the org displaced today.

It's going to be so many people displaced today. You know when your Boss's Boss's Boss is visiting your site there will be layoffs. People will be leaving in droves. Mass Exodus. Shut it down and carry on.

Charter Communications is ending operations at a Spectrum facility. The facility's final day of operation is May 21. This action impacts 313 employees. The company submitted a worker displacement report. Work from Appleton will transfer to other U.S. centers.

https://www.wpr.org/news/spectrum-call-center-in-appleton-will-close-leaving-over-300-people-without-jobs

Pretty much the title. I know every group has their bad apples but seeing how many employees of other ethnicities (not even talking about white people here) have been disproportionality replaced by those from South Asian countries is absurd. Am I alone in thinking this?

Three team members were displaced a couple of weeks ago.
After bonus payout, 3 out of 4 senior team members resigned.
Made my day

I just heard the entire asset movement department in Operations in St Louis was displaced. Any truth to that?

In the 2 months displacement notice period, it says it is non-working. Does that also mean we can't work for another company?

"Confirm eligibility as a dependent of a Wells Fargo employee with required employment status."

My child is applying. Deadline February 26th. If they are awarded this year, and I get displaced after they are awarded..how would that work? What if I'm displaced and then they are awarded, are they no longer eligible? (Unless I'm in my 60 day non-working employee period). I ask because I'm 99 percent sure my displacement will happen between March and June of this year. Thank you in advance.

Did anyone that was displaced last year get info on their bonus? I was eligible but my manager did not get any bonus information and referred me to a generic HR email that referred me back to my manager.