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Cencora's layoffs should be a national story

Cencora's layoffs should be a national story—not because layoffs are unusual, but because of the contrast between how employees and executives are being treated.

While employees who spent years, and in many cases decades, helping build this company are losing their livelihoods, the CEO's compensation was reported at approximately $18 million. Senior executives and vice presidents continue to earn enormous salaries and bonuses while rank-and-file employees are told that cuts are necessary.

Companies often speak about culture, values, and putting people first. Those words ring hollow when workers are shown the door while leadership continues to be rewarded at extraordinary levels. If the company truly believed that everyone should share in both success and hardship, the sacrifices would not fall almost exclusively on employees.

Other companies, such as IKEA, have built reputations for investing in their workforce and treating employees as long-term assets rather than costs to be reduced. Cencora appears to be moving in the opposite direction.

The message being sent is clear: when times are good, executives receive the rewards; when cost reductions are needed, employees absorb the consequences. Many of the people being laid off dedicated years of service to this company. They deserved better than to be treated as expendable while executive compensation continues to soar.

Bumped from @ez+1kvmc88bw for being on point.


A warning for anyone considering Chevron

I want to say something that might help someone avoid the mistake I made. I bought into all the hype about how great this company was, how it looked amazing on a resume, how lucky I was to be here. Friends and family reinforced that constantly. So despite years of bad management, a toxic environment, and watching good colleagues suffer the same fate, I stayed. I wasted so much time. If even one person reads this and decides to think twice before joining, then saying this was worth it.


Portland City Officials Receive Million-Dollar Severance Total

Amanda Garcia-Snell, a top Portland official, resigned with a severance package. She received over $91,000 and six months of health insurance. Garcia-Snell is the sixth agency director to leave with a payout in the last year. Total severance costs for these six leaders now exceed $1 million. The city has a long-standing policy for such generous payouts.

Portland, Oregon

https://www.oregonlive.com/politics/2026/06/portland-pays-another-top-official-to-resign-as-costs-of-recent-severances-surpass-1m.html


Any updates on this?

Yes, there will be layoffs but no material planning has started. The metric which is bugging the ELT is that Seagate's opex is about $100M less per quarter than WD. They have structural advantages such as operating in N. Ireland and MN but nonetheless, WD will cut staff to try to match them.

Any new info?


"it's unlikely that Microsoft is cutting employees because it is struggling"

Microsoft (MSFT) recently disclosed that it is parting ways with up to 2.5% of its workforce. Sometimes companies conduct layoffs because their outlooks have deteriorated, but it's unlikely that Microsoft is cutting employees because it is struggling.

https://finance.yahoo.com/markets/stocks/articles/microsoft-stock-outlook-remains-upbeat-221454081.html


103 people affected by layoffs

The Genentech Research and Early Development are among the affected groups. This is not a great time to be laid off, so I wish all the best to all the affected folks. I think management has become too trigger-happy when it comes to layoffs and we'll be seeing much more of this before the end of the year.


You can't escape it

I'm not saying we should accept how things are at Walmart, but I've been looking around and I can't find any retailer that actually treats its employees well. Even the ones that are performing better financially are just as bad to their people. It seems like the only way to get out of this is to leave retail entirely. Otherwise you're just moving from one bad situation to another.


Would anybody here like to apply for a Macy’s Credit Card?

I mean, since getting as many applications seems to be the only goal these days why not branch out and ask all over the place? Who cares about actually selling stuff, right? Let's get those applications and who gives a damn about our actual jobs. Who cares about selling. /s This place is a fu--ing mess.


H1B Wage Disparities and Employer D**scrimi**ation

I was going through a site which publishes H1B data.
By looking at it, it seems plumbers and taxi drivers make more money than H1B workers brought by these Indian companies.
They also discriminate against people whom they bring from India versus those they hire here.
I find it laughable that H1B rocket engineers working at Schwab get paid less than taxi drivers and are further discriminated against by their own employer.


Half my team thinks I'm being dramatic about all the layoff talk

I can't understand how some people can keep so calm and almost ignore everything that's been happening. I guess it's a case of "if it didn't happen to me, it's not an issue." Until it does happen to them. But I guess I'm the id--t for trying to warn them to stay prepared.


They succeeded in silencing me

I've been thinking about who I was when I started here versus who I am now. I used to speak up when something was wrong and I always used to advocate for people. Now I just keep my head down and stay quiet, even when I see something clearly unfair happening. And I realize that's exactly what management wanted. They've created a culture of fear that's made me lose my voice. Knowing that has only made me more determined to leave as soon as I get the chance.


Old role is now being posted remote

I quit a few years ago because of RTO. All of my colleagues were around the world and it did not make sense for me to have to go into an office. I fought it, they wouldn't budge, and I lost all respect for this company. Thankfully I found a better job pretty quickly. All of those same colleagues are also not with TR any longer, because of RTO and lack of pay raises. Now I see that they're trying to fill my old role as remote, after not being able to fill it as hybrid for years (yes I've been keeping an eye on it). It's satisfying to see, but I'm still irked that they dug their heels in this long. Maybe it's a good thing that they're finally wavering but I wouldn't trust this company to make any common sense decisions ever again.


Chartwells Cuts 153 St. Cloud Campus Jobs

Chartwells is cutting 153 jobs. These job cuts are effective July 1. The university is changing its food service vendor. Sodexo will replace Chartwells as the new provider. Sodexo plans to offer employment to many current staff.

St. Cloud, Minnesota

https://www.stcloudlive.com/news/local/st-cloud-state-chartwell-layoffs-sodexo-july-2026


When did merit stop mattering?

I keep asking myself when things started going wrong. I've been here long enough to remember a time when this company actually valued its best employees, when merit actually meant something, and when the people who worked hardest and produced the most were the ones who got rewarded. That feels like a different lifetime now. These days it's all about who can talk their way into favor and who knows the right people. That's it. That's all that matters. The ones who actually do the work are either ignored or shown the door.


Ideal US Talent Firm Lays Off Georgia Workers

Ideal US Talent Systems Worker OpCo LLC recently laid off hundreds of employees. In Georgia, 687 workers were affected as of Wednesday. The temporary staffing firm is undergoing a restructuring process. It is transitioning customer contracts to a third-party partner. Affected employees are encouraged to apply with the new partner.

Georgia

https://patch.com/georgia/atlanta/massive-layoffs-ga-take-effect-job-losses-climb


PetVet Care Centers Closes Vancouver Animal Hospital, 50 Laid Off

Columbia River Veterinary Specialists will cease operations. This Vancouver animal hospital is owned by PetVet Care Centers. The facility expects to permanently shut down around September 4. Fifty employees will be impacted by job losses. PetVet Care Centers has not disclosed the reason for this decision.

Vancouver, Washington

https://www.oregonlive.com/clark-county/2026/06/vancouver-emergency-vet-hospital-to-close-eliminate-50-jobs.html