#layoffs

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Takeda to Cut 4,500 Global Jobs

Takeda Pharmaceutical will cut around 4,500 global positions. These reductions are planned for fiscal year 2026. Hundreds of Massachusetts employees are also facing layoffs. The company attributes these cuts to the decline of its dr-g VYVANSE. This restructuring aims to fund new dr-g development and launches.

Cambridge, Massachusetts

https://www.masslive.com/news/2026/05/takeda-is-laying-off-4500-by-years-end-with-hundreds-of-mass-employees-on-the-line.html


Washington Trails California in Tech Job Losses

Washington state recorded the second-highest number of tech worker layoffs nationally. Over 11,000 tech employees lost jobs between May 2025 and April 2026. This data comes from Revelio Labs research shared with KUOW. Amazon, Oracle, and Meta were major contributors to these job cuts. A slowdown in tech hiring is also a significant trend.

Seattle, Washington

https://www.kuow.org/stories/washington-state-tech-layoffs-are-second-highest-in-the-country


Redlands Unified District Approves Staff Cuts

The Redlands Unified School District recently approved 19 new layoffs. These cuts impact positions such as librarians, special education staff, and nurses. This decision follows 135 layoff notices approved earlier in the year. The district cites financial pressure, enrollment trends, and budget issues. Officials state these actions are necessary to ensure fiscal stability.

Redlands

https://www.nbclosangeles.com/news/local/redlands-unified-school-district-layoffs/3890142/


Cisco Plans Job Cuts Despite Strong Financial Performance

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


Customers will see this as confirmation

I am about to be let go from a group that was supporting a mature, well-known product that should have been practically free money for Cisco. Instead, it was a source of constant agony for customers who suffered numerous outages, resulting in angry phone calls. What do you think people like this think when they read the news? Time to pick another vendor.

I feel bad for my fellow employees today, but I feel just as bad for customers who have unwisely entered into contracts for this bottom-feeding outsource chop-shop.


KKR might buy UA. It is not substantiated but heard through my industry grapevine

That might complicate business for Nike since biggest team dealer for Nike is BSN (overwhelmingly) and they are already part of KKR.

So KKR will own UA and do business with NIKE. Will they be fair with Nike or use Nike while they support their own UA. That is intriguing.

Once again, Nike in their hubris went around closing almost all of the independent team dealers. And pivoted all of the Nike's team business with BSN. Another brilliant march towards corner by our smart former CEOs MP and JD. They thought that they will maximize the profit if they deal with one big guy. Hmmm....yes but if that strategy turns against you then it might ki-l you too. LOL
BSN has already been producing their private label apparels. And if it gets supported by UA then they don't need Nike.
One time, I talked to former BSN VP and he was not too happy that they have order too much futures because Nike demands it therefore eating their profits. Maybe they won't be forced to order too much futures with UA that owned by KKR.
Since Nike has no other option, they might have to continue to do business with BSN even if they emphasize on their own brands.

One of the scenario is that they might sever ties with Nike and go exclusively with UA.
That would be devastating to Nike since Nike don't have anyone as big as BSN when it comes to team items. Eastbay had team business but they have closed their business.

And I don't know how Nike will combat KKR if it really happens since Nike is pauper compared to KKR. Yes, KKR has more money than GOD.

That was brilliant MP and JD. It was your fault

Currently, BSN is serving Nike's key high schools like Mater Dei, St. John Bosco, de la Salle on behalf of Nike, all over the USA. They might try to sign those school for themselves.
Once again, KKR has more money than God. And in addition to it Nike stock is totally depressed now and losing their shirts in China (3 billion feet). I am not sh-t talking it is in today WSJ.

Nike is currently a company that has Plan A but no Plan B nor Plan C. Why? Becuase they ki-led them all. The little account that is.


The Ripple Effect: Why Corporate Layoffs Hurt More Than Just the Bottom Line

The current wave of layoffs is doing far more than just thinning out payrolls—it is poisoning the well for those who remain. When a company pivots to mass terminations, it isn't just "restructuring"; it is dismantling the psychological safety and cultural foundation that keeps a business running.
### The Hidden Costs of "Survivor Syndrome"
While leadership focuses on the balance sheet, the "survivors" are left to navigate a toxic landscape. Here is why the post-layoff environment is so damaging:

  • The Erosion of Trust: Constant job insecurity ki-ls loyalty. Employees stop thinking about long-term innovation and start focusing on exit strategies.
  • Burnout and Burden: Remaining staff are often expected to absorb the workload of their departed colleagues. This "do more with less" mentality leads to rapid burnout and a decline in work quality.
  • Demoralized Culture: Watching talented friends and peers escorted out creates a heavy, somber atmosphere. The office transforms from a place of collaboration to a place of anxiety.
  • Loss of Institutional Knowledge: Layoffs are a "brain drain." When experienced people leave, they take years of process knowledge and client relationships with them, leaving the existing team feeling lost and unsupported.
    ### The Reality Check

    "You cannot cut your way to growth."
    A company’s greatest asset isn’t its capital—it’s the collective energy and motivation of its people. When you treat employees as disposable line items, you don't just lose headcount; you lose the heart of the organization.

    If companies continue to prioritize short-term stock gains over long-term stability, they will eventually find themselves with a workforce that is physically present but mentally checked out. A demotivated team is a stagnant team. It is time for leadership to recognize that protecting the environment for existing employees is just as vital as managing the budget.
    Is this for a LinkedIn post, or are you looking to send this as a formal internal feedback letter to leadership?


Constant LRs

We are trendy. We have constant LRs. You can argue that we invented this, we do it every quarter, used to be every year. Companies increasingly treat small to medium sized layoffs as a signal of disciplined management... Using targeted headcount reductions to reassure investors and support the stock price. So, we've been making money even before layoffs. Now we are making "EXTRA" money. Whatever. Sick.


Media Coverage: CISCO LAYOFFS (MAY 2026)

Cisco to cut about 4,000 jobs in AI-focused restructuring as orders surge

  • (Reuters)
  • Reuters reports that Cisco will cut nearly 4,000 jobs in a restructuring to shift investment toward AI and related growth areas while raising its annual revenue forecast after a surge in hyperscaler orders.

    https://www.reuters.com/technology/cisco-raises-annual-revenue-forecast-2026-05-13/


Read the memo: Cisco to cut about 4,000 jobs in AI-driven restructuring

  • (Business Insider)
  • Business Insider publishes Cisco CEO Chuck Robbins' memo and reports that the company will cut fewer than 4,000 jobs while redirecting investment toward AI chips, fiber optics, and security.

    https://www.businessinsider.com/cisco-announces-4000-layoffs-ai-driven-business-shift-2026-5


Cisco To Cut Nearly 4,000 Jobs In Restructuring Push Around AI, Security

  • (CRN)
  • CRN reports that Cisco will notify most affected employees starting May 14 as it cuts fewer than 4,000 roles and reallocates resources toward AI, security, silicon, optics, and quantum networking.

    https://www.crn.com/news/networking/2026/cisco-to-cut-nearly-4-000-jobs-in-restructuring-push-around-ai-security


Bay Area tech giant Cisco to cut thousands of jobs after record revenue

  • (SFGATE)
  • SFGATE reports that San Jose-based Cisco will cut fewer than 4,000 jobs after record quarterly revenue and notes that California had not yet received a WARN filing as of Wednesday.

    https://www.sfgate.com/bayarea/article/cisco-layoffs-bay-area-22257875.php


Cisco to Shed Jobs for All-In AI Push

  • (The Wall Street Journal)
  • The Wall Street Journal reports that Cisco plans to eliminate fewer than 4,000 jobs this quarter to move more resources into silicon, optics, security, and AI.

    https://www.wsj.com/business/earnings/cisco-to-cut-jobs-in-shift-to-capture-more-ai-demand-b99eeb21


Cisco to cut jobs so it can invest more in AI, and the stock rockets toward a record

  • (MarketWatch)
  • MarketWatch reports that Cisco plans to lay off fewer than 4,000 employees and record up to $1 billion in restructuring charges as it increases AI-related investment.

    https://www.marketwatch.com/story/cisco-to-cut-jobs-so-it-can-invest-more-in-ai-and-the-stock-rockets-toward-a-record-cf9d09a9


Cisco Soars on Sales Forecast, AI-Focused Restructuring Plan

  • (Bloomberg)
  • Bloomberg reports that Cisco shares rose after the company announced a stronger-than-expected sales forecast and a restructuring plan tied to thousands of job cuts.

    https://www.bloomberg.com/news/articles/2026-05-13/cisco-gives-better-than-anticipated-forecast-plans-to-cut-jobs


Cisco Earnings and Revenue Beat Estimates on Strong AI Demand. Its Shares Surge.

  • (Barron's)
  • Barron's reports that Cisco beat earnings expectations and announced roughly 4,000 job cuts as part of a restructuring tied to AI-driven demand.

    https://www.barrons.com/articles/cisco-earnings-stock-price-f649ed14


Cisco Earnings, Revenue Beat As Stock Hits Record High Amid Strong AI Orders

  • (Investor's Business Daily)
  • Investor's Business Daily reports that Cisco's stock hit a record after strong AI orders and notes that the company announced layoffs of about 4,000 employees.

    https://www.investors.com/news/technology/cisco-stock-cisco-earnings-artificial-intelligence-q12026/


Cisco announces layoffs with Q3 results

  • (Seeking Alpha)
  • Seeking Alpha reports that Cisco announced it will let go of fewer than 4,000 employees in conjunction with its third-quarter results and AI-focused strategy.

    https://seekingalpha.com/news/4592518-cisco-announces-layoffs-in-conjunction-with-q3-results


Cisco CEO says reducing workforce in Q4 by fewer than 4,000 jobs

  • (TipRanks)
  • TipRanks reports Cisco CEO Chuck Robbins' statement that the company will reduce its workforce by fewer than 4,000 jobs in the fourth quarter while investing in AI, silicon, optics, and security.

    https://www.tipranks.com/news/the-fly/cisco-ceo-says-reducing-workforce-in-q4-by-fewer-than-4000-jobs-thefly-news


Cisco unveils $1B overhaul, about 5% job cuts after posting blockbuster Q3 results

  • (Investing.com)
  • Investing.com reports that Cisco announced a restructuring with about 5% job cuts and up to $1 billion in charges after strong third-quarter results.

    https://uk.investing.com/news/earnings/cisco-unveils-1b-overhaul-about-5-job-cuts-after-posting-blockbuster-q3-results-4676309


Cisco announces 4000 layoffs as Q3 earnings beat amid 'broad-based demand'

  • (Yahoo Finance)
  • Yahoo Finance reports that Cisco announced a restructuring plan to cut 5% of roles, or fewer than 4,000 jobs, alongside third-quarter earnings that beat expectations.

    https://finance.yahoo.com/markets/live/earnings-live-updates-cisco-announces-4000-layoffs-as-q3-earnings-beat-amid-broad-based-demand-103000342.html


CISCO REPORTS THIRD QUARTER EARNINGS

  • (Cisco Investor Relations)
  • Cisco's earnings release says the company announced a restructuring plan with up to $1 billion in expected pre-tax charges tied to severance, termination benefits, and other costs.

    https://investor.cisco.com/news/news-details/2026/CISCO-REPORTS-THIRD-QUARTER-EARNINGS/default.aspx


Memo: From Chuck & ELT

Team,

Today we announced our Q3 FY26 earnings with record revenue of $15.8 billion, up 12 percent year over year, and double-digit top and bottom-line growth. The ELT and I could not be prouder of the growth you have all delivered for Cisco.

These results are even more impressive given the complex environment we’re operating in - a rapidly changing market, with intensifying competition, and a global shortage of components critical to support our portfolio and the AI buildout from our customers.

The companies that will win in the AI era will be those with focus, urgency, and the discipline to continuously shift investment toward the areas where demand and long-term value creation are strongest. I’m confident Cisco will be one of those winners. This means making hard decisions - about where we invest, how we’re organized, and how our cost structure reflects the opportunity in front of us.

With this, we are making changes today that will result in the reduction of our overall workforce in Q4 by fewer than 4,000 jobs, representing less than 5 percent of our total employee base. Most notifications will begin on May 14 and continue globally in alignment with applicable local laws and regulations. For employees whose roles are impacted, leaders will share details directly - including timing, available resources, support, and benefits in each country. This will include pro-rated payment of FY26 bonuses to impacted employees. We will provide support in finding new opportunities, whether internal or external, through Cisco’s placement services - a program that has seen 75 percent of participants discover their next role. We are also committed to continued personalized learning and will provide one year of access to all Cisco U courses and certifications, covering AI, Security, Networking, and more.

While we are reducing roles in some areas, we are making clear, strategic investments - particularly in silicon, optics, security, and in our employees’ use of AI across the company. These investments are building from a position of strength - and focusing on the technologies and businesses that will accelerate our growth, deliver unmatched innovation to customers and partners, and define our future.

To those leaving Cisco, thank you for your contribution, your dedication, and the mark you have made on this company. We are deeply grateful and are committed to handling this transition with the care, clarity, and respect that defines our culture.

For those who will continue here, we will discuss these changes and answer questions at the Cisco Beat on May 21 at 8 a.m. PT.

We have important, impactful, and consequential work ahead. Your focus, resilience, and leadership are vital to our growth and relevance in FY27 and beyond.

Chuck and the Executive Leadership Team


WIM Risk

They’re slow‑rolling the dismantling of the WIM examination team. The head was pushed out about four weeks ago, and I’m hearing another ten people were cut yesterday. With 70% of the work already shifted to India, the writing’s on the wall. The rumor now is that by the end of Q3, St. Louis will be the only U.S. location left standing.


Stop thinking you can prove your worth here

I've watched teammates ki-l themselves with extra hours and extra work, only to blame themselves when they got cut, convinced they just weren't good enough. Meanwhile, the office politics crowd sails through every round doing nothing. If that's not you, at least stop giving this place more than it deserves.


Everyone Keeps Acting Normal. But A Lot of People Aren’t Okay.

It feels like a lot of people are carrying quiet exhaustion right now.
The layoffs.

The uncertainty.

The pressure to “be grateful.
”
The full-time RTO mandates after building lives around flexibility.

The feeling that everyone is pretending things are normal when they clearly aren’t.
If you’re struggling mentally, emotionally, or physically from all of this, you are not alone.
A lot of us are waking up anxious, doomscrolling before work, feeling guilty for not being productive enough, or trying to hold it together while watching teammates disappear overnight. It’s heavy. And pretending it isn’t only makes people feel more isolated.

A few reminders for anyone having a hard time:

  • Your worth is not tied to your badge access, productivity score, or performance review.
  • Fear is an exhausting long-term motivator. Rest is not weakness.
  • Staying connected to people matters more right now than acting “fine.”
  • Small routines help: sleep, water, walks, sunlight, boundaries, logging off when you can.
  • If work is consuming your identity, try to reclaim one small thing that belongs only to you.
    Most importantly: check on the quiet people too. Sometimes the people saying the least are carrying the most.
    This is a dark season for a lot of workers right now. But I hope we can at least make it lighter for each other by being human again.

What Amazes Me…

So many employees refused to learn AI skills and adjust.

Wouldn’t surprise me if they were monitoring token usage and decided LRs based on people not even trying to adapt and modernize their skillsets.

self-inflicted stupidity to not adjust to the future.


CCIC at it again?

They cut me in 2002 one month before my daughter was due. As an RF Engineer I tried to explain to them that the carriers have their own engineers and that marketing the towers to them wouldn't work. They already knew where they needed towers. I emphasized that our efforts would be best spent by getting towers, (often disguised as flagpoles, church steeples, palm trees, etc.) through the zoning process before anyone else did. Deaf ears.


Confirmed Layoffs in Press Release

Page 14 - https://s21.q4cdn.com/812015656/files/doc_earnings/2026/q3/earnings-result/Q3FY26-Press-Release.pdf

On May 13, 2026, Cisco announced a restructuring plan in order to allow it to invest in key growth opportunities including
silicon, optics, security and AI. In connection with this restructuring plan, Cisco currently estimates that it will recognize pretax charges of up to $1 billion consisting of severance and other one-time termination benefits, and other costs. Cisco expects to
recognize approximately $450 million of these charges in the fourth quarter of fiscal 2026 with the remaining amount expected
to be recognized during fiscal 2027.


Breaking News: Workers Don’t Enjoy Being Treated Like Trash — Who Knew?

Here's an Interesting article that parallels what is happening in our industry today.

https://www.msn.com/en-us/news/technology/mark-zuckerberg-is-realizing-that-when-you-treat-your-workers-like-human-garbage-they-might-not-like-you-anymore/ar-AA2369ab?ocid=msedgntp&pc=HCTS&cvid=6a04bce8f6f34192a3919b59b944e2ea&cvpid=5ea63c8bb12642a98ff3e9b42593777f&ei=36

Meta CEO, Mark Zuckerberg, is apparently shocked to discover that when you treat employees like garbage, they stop applauding your “vision.” After years of layoffs, culture rewrites, and “efficiency” crusades, Meta is now learning the obvious: workers don’t develop warm feelings toward leaders who treat them like cost centers with pulse rates.

And the irony? Everything described in that article reads like a template for what BNY employees complain about daily on this forum. The same themes echo: performative culture, leadership detachment, endless “transformation,” and a workforce managed like an inconvenient expense. Employees at both companies describe the same pattern — praise the mission, cut the people, then act confused when morale collapses.

The punchline is simple: whether it’s Silicon Valley or Wall Street, executives keep discovering the same truth. If you treat workers like garbage, they eventually notice — and they talk about it.


KPMG Cuts Over 500 UK Jobs

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


Oracle Layoffs Undermine 'Family' Workplace Expectations

Oracle's recent layoffs, affecting thousands, feel jarring despite the company's 22 percent revenue increase. This strong reaction is rooted in psychological dissonance, not the scale or timing of the cuts. Companies frequently use a "we are family" metaphor to build workplace cohesion. Such layoffs then violate this implied trust, leading to a sense of institutional betrayal. The more companies emphasize a family-like culture, the greater the emotional impact of job losses.

https://www.psychologytoday.com/gb/blog/curiosity-code/202604/the-hidden-psychology-of-oracles-layoffs


Amazon Employees Report Role Eliminations

Speculation about Amazon layoffs is growing online. Multiple Reddit posts claim employees received role-elimination emails. These reports originate from various international regions. Amazon has not officially confirmed any new workforce reductions. The company previously denied earlier layoff rumors for May.

https://www.republicworld.com/tech/amazon-may-layoffs-buzz-grows-after-reddit-posts-claim-employees-received-exit-emails-2026-05-13-124013