#layoffs

Posts mentioning hashtag #layoffs

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I’m really hoping Thursday finally puts an end to this whole thing

There’s only so much we can take mentally, and people are already stretched thin. We need a break, a real one, and it should be at least six months without constantly worrying about layoffs. Otherwise, I genuinely think people are going to start breaking down. This isn’t normal, no matter how much they try to make it seem like it is.


What two decades taught me

I spent a long time at Synopsys and I learned one thing above all else. No one is safe. The people who thought they were indispensable got cut just like everyone else. You are an at will employee which means they can let you go whenever they want. Job security is a myth. If you're smart, keep your resume updated and your network active.


Tenneco Closes Smithville Plant, 146 Jobs Lost

Tenneco will close its Smithville, Tennessee plant by mid-2027. This closure affects 146 employees at the Grizzly Lane facility. Another Tenneco plant on East Broad Street will remain open. The decision is part of global restructuring due to auto industry challenges. Tenneco offers assistance programs, career services, and severance packages.

Smithville, Tennessee

https://www.herald-citizen.com/smithville/news/local/tenneco-plant-closing/article_b3c33697-df06-55bd-80a5-bf1ff00d60dc.html


Colleges Nationwide Implement Staff and Program Reductions

Colleges across the United States announced hundreds of layoffs and buyouts in April. Budget deficits, state funding reductions, and enrollment losses drove these decisions. Hampshire College and Anna Maria College are closing and laying off hundreds of employees. The University of Maryland and University of Wisconsin also plan significant job reductions. Syracuse University and East Carolina University are eliminating programs and offering faculty buyouts.

https://www.insidehighered.com/news/business/cost-cutting/2026/05/04/college-closures-contributed-deep-cuts-april


Ravenswood Winary closing

Constellation Brands, the wine and spirits company behind labels including Robert Mondavi and The Prisoner, plans to close a large winery south of Sonoma that once served as the headquarters of the Ravenswood brand.

https://www.pressdemocrat.com/2026/05/05/constellation-brands-to-close-former-ravenswood-winery-in-sonoma-layoffs-planned/


Bridgestone Golf Closes Georgia Plant, 86 Jobs Affected

Bridgestone Golf closed its plant in Covington. This closure resulted in 86 job cuts. The company will not entirely leave Georgia. The full article is available to subscribers only. Limited additional details are publicly accessible.

Covington, Georgia

https://www.bizjournals.com/atlanta/news/2026/05/04/bridgestone-golf-covington-layoffs.html


700 jobs gone

Erased due to AI. Although I call bullsh-t. It's not AI. They just want to get rid of as many of us as they can and they're using the latest available excuse. AI creates more work than it saves. I know, I've been dealing with its mistakes for a while now. If AI is really the reason, then this place will go under sooner than anybody thinks.


PUSD Board to Take Up Final Layoff Resolutions Thursday

The Pasadena Unified School District Board will finalize workforce reductions. This action affects 61 certificated and 246 classified employees. The district faces a structural budget deficit exceeding $30 million. These layoffs are required by state law before a May 15 deadline. Affected employees will receive reemployment rights under the Education Code.

Pasadena, California

https://pasadenanow.com/main/pusd-board-to-take-up-final-layoff-resolutions-thursday


First Brands Postpones Ohio Job Cuts

First Brands Group LLC delayed job cuts at its Cleveland corporate office. Sixty-seven corporate employees will stay until May 31. Three hundred forty-five Tiffin facility employees also face delayed job cuts. The automotive parts company is in Chapter 11 bankruptcy. The company is negotiating to sell parts of its U.S. business.

Cleveland, Ohio

https://www.cleveland.com/metro/2026/05/first-brands-adjusts-layoff-plan-at-cleveland-corporate-office.html


Health insurance

What's the situation here when you're laid off? I have a kid who needs regular prescriptions and I can't afford to lose coverage. When I was let go from my old job, COBRA let me stay on the company plan but I was paying the full premium plus two percent, which was not cheap. I'm hoping there's a better option here.


Toptal Forecasts Remote Tech Roles Expanding Despite Cuts

Toptal predicts growth in remote tech roles. These jobs demand extensive prior experience. This trend happens amidst broad technology job cuts. More than 150,000 technology positions were cut by April. AI integration increases demand for expert workers.

https://www.msn.com/en-us/news/insight/toptal-sees-remote-tech-hiring-growth-despite-sector-layoffs/gm-GM25F0E534?gemSnapshotKey=GM25F0E534-snapshot-3&uxmode=ruby


German Biontech to Reduce Workforce by 1,800

Biontech plans significant production cuts. This German company will reduce its workforce. Approximately 1,800 staff members will depart. Decreased demand for COVID-19 vaccines drives this decision. Biontech developed its vaccine with Pfizer.

https://medwatch.com/article19266743.ece


Constellation Brands to Exit Sonoma Winery, Seven Positions Cut.

Constellation Brands is closing its Quarry Lake Winery. This facility is located south of Sonoma. Seven workers face job loss on June 25. The closure is part of wider industry trends. Decreased demand drives these market adjustments.

Sonoma, California

https://www.pressdemocrat.com/2026/05/05/constellation-brands-to-close-former-ravenswood-winery-in-sonoma-layoffs-planned/


Coinbase Reduces Employee Count, Cites Market, AI

Coinbase announced it will cut approximately 700 jobs. This represents about 14% of its global workforce. The company cites crypto market volatility and cost reduction as reasons. It also aims to reposition the business for the artificial intelligence era. These restructuring efforts are expected to incur $50 million to $60 million in charges.

https://www.reuters.com/business/world-at-work/coinbase-cut-about-14-workforce-2026-05-05/


Concerning new job posted - AI Engineer for FP&A

A new job has been posted, they are looking to hire someone to develop AI to take processes, procedures, analysis, etc out of the hands of current workers and into the bowels of AI. The worst part is that the job description includes making the AI in compliance with audit standards and SOX public standards. All while following the rules of controls and separation of duties? How can this be taken seriously? Trusting that data is properly handled, accounting is done up to high standards, and that our financial statements are accurate in the hands of newly developed AI? More layoffs coming to FP&A if this job gets filled? Whoever takes this job will be a yes-man and completely wreck our financial accuracy.


No Love for Tenured Employees

Maurice and is cronies no longer care about tenured, experienced employees. From now on there will be no promotional opportunities for supervisors and above of they are not located at a hub site. Even if you have worked for the company for over 20 years, if you live in Marion, you're sc--wed. No promotion for you. Apparently, only employees in hub locations are now qualified to promote. I'm deeply saddened that HCSC has become such a cr-ppy employer and thinks so little of those of us who have dedicated so many years to ensuring the success of this company.


Store closures and motives FYI

So it starts, now well publicized on the news Sycamore is closing stores under the guise of security or safety, and while that's a concern, their goals are to get out of leases to reduce their debt obligations (somewhat good), and pad their pockets by selling off any real estate that is owned. However, it is NOT with improving the business in mind. It is purely a way to pay themselves. Look at their history on their other large holdings, Staples they are continuing to reduce stores under the premise they are low performing stores, but in many cases it's just to cook the books. Essendant, they sold off the majority of their real estate for millions as a cost reduction for low performing, closed the majority of their business, but never invested back into the company. Talbots, Hot Topic, Belk, Pure Fishing they are closing stores/warehouses/offices and leaving just a shell of businesses they will never invest back into to improve. Sycamore is evil, and just plays with people's lives to line their own pockets over and over again.


LIST IS RECEIVED

As a people manager, I can confirm I received list of associates I'll have to let go.

My manager probably received the same.

We all have mandatory trainings tomorrow to break the news in stages on Thursday.

Just like level 4-7 associates, level 8 and above won't know their date until Thursday.

I might well be outside the door after breaking news to two of my exceptional performers on Thursday.

So it is happening.