#layoffs

An Atento subsidiary plans significant layoffs. Nearly 100 employees will lose their jobs. These cuts affect operations in South Florida. Most impacted roles are in customer service. These positions are considered vulnerable to AI.

South Florida

https://www.bizjournals.com/southflorida/news/2026/04/30/customer-service-layoffs-south-florida.html

Estée Lauder announced an increase in its layoff target. The company now plans to cut up to 10,000 positions. This is an increase from the previously announced 7,000 layoffs. The move supports the company's revitalization plan. Shares rose significantly in pre-market trading following the announcement.

https://www.bitget.com/asia/amp/news/detail/12560605393878

Cambrian College anticipates a $1.74 million shortfall for the next fiscal period. International student numbers are projected to fall by over 2,000. Staff reductions are occurring via attrition, not large-scale layoffs. Tuition rates for both domestic and international students increased. Increased provincial grants also contribute to the college's revenue.

Sudbury, Ontario

https://www.elliotlaketoday.com/local-news/cambrian-projects-17m-deficit-as-it-expects-to-lose-2000-international-students-12219308

Oregon saw more than 14,000 jobs eliminated over two years. Major employers like Intel and Nike contributed to this surge. The rate of job cuts has notably decreased recently. Oregon's unemployment rate has stabilized at 5.2% for almost twelve months. Economists now seek increased hiring to further improve the labor market.

https://www.oregonlive.com/business/2026/05/is-oregons-layoff-binge-over.html

The tech industry recorded 93,038 layoffs in the first four months of 2026. Meta announced 8,000 additional job cuts, making its 2026 total 10,400. The company cited efficiency and a focus on AI development. Oracle has the most layoffs, with 25,254 estimated positions cut. Amazon also reduced its workforce by 16,600 roles in 2026.

https://www.omanobserver.om/ampArticle/1189023

Canadian airlines face significant pressure from surging jet fuel costs. This oil shock has led to higher airfares and reduced flight capacity. Air Canada suspended six routes deemed uneconomical due to high fuel prices. The airline plans to cut its May seat capacity by nearly 20 percent. Experts warn of potential financial strain and future layoffs for carriers.

https://thelogic.co/news/analysis/air-canada-bracing-oil-price-impact/

Northrop Grumman recently reduced positions in the Baltimore region. These layoffs stem from shifting program demand within its Mission Systems division. Analysts indicate a specific contract was either pulled or reduced in scope. The company confirmed a "small number" of employees were affected. This action is not considered a broad cost-cutting measure.

Baltimore, Maryland

https://www.msn.com/en-us/news/us/northrop-grumman-layoffs-in-baltimore-seen-as-limited-by-analysts/ar-AA22bC0J?ocid=BingNewsVerp

Cognizant intends to reduce its workforce in 2026. The IT services company may eliminate over 4,000 positions globally. This action is tied to its $320 million "Project Leap" restructuring plan. The company is allocating $270 million for employee-related costs. These costs include severance pay for affected workers.

https://stlawyers.ca/blog-news/cognizant-job-cuts-may-2026/

RBC Economics analyzed Canada's labor market conditions. They anticipate a modest gain of 25,000 jobs in April. This gain should reduce the unemployment rate to 6.6%. Shrinking labor force growth means less employment growth is needed. RBC expects gradual improvements in the job market this year.

https://www.mpamag.com/ca/mortgage-industry/industry-trends/rbc-sees-canadas-jobs-engine-steady-even-as-labour-pool-thins/573824

Cboe Global Markets is eliminating approximately 20% of its global workforce. This restructuring aims to concentrate resources on core exchange businesses. The reduction combines earlier initiatives with the latest organizational realignment. Affected employees received notices on Friday. Eligible U.S. and Canadian employees are also offered a voluntary retirement option. This move is expected to save Cboe $20 to $25 million in 2026.

https://qz.com/cboe-layoffs-workforce-reduction-core-businesses-050126

The upcoming week features several key labor market indicators. April's employment report is expected to show a solid increase in private payrolls and a lower unemployment rate. Other data points include ISM NM-PMI, which should confirm continued economic expansion, and a strong increase in revolving consumer credit. The Q1 earnings season continues with major companies reporting results. Inflation expectations are likely to jump due to higher gasoline prices.

https://m.za.investing.com/analysis/economic-week-ahead-adp-payrolls-layoffs-jobless-claims-to-shape-outlook-200619355?ampMode=1

Stanley Black & Decker is closing its New Britain manufacturing plant. Approximately 287 employees will be laid off. The plant produced tape measures no longer in high demand. Layoffs are expected to occur between Monday and May 18. The company offers support including severance and job placement.

New Britain, Connecticut

https://www.wtnh.com/news/connecticut/hartford/hundreds-of-layoffs-to-begin-at-stanley-black-deckers-new-britain-plant/amp/

Shopify recently laid off at least 30 employees. These cuts occurred in April across Canada and the U.S. The affected staff worked in operations and customer support roles. The company is reorganizing its revenue and support teams. Shopify aims to sharpen focus on its highest priorities and big clients.

https://thelogic.co/news/exclusive/shopify-layoffs-revenue-operations-restructure/

I like to check in from time to time and see all the juicy gossip around this disgraceful company you call TransUnion. How's it feel to sit on pins and needles waiting for those layoffs? My currently doesn't have one entry on this site. As a past employee of TransUnion who put in 20 plus years of service to be axed by lay off which NO notice, not two week notice just a phone call between a director and HR that my position wasn't available but I worked from 11 pm to 2 am the night/morning previously when was my part no longer required was my only question? The company run by CC and his Neustar buddies.

Just as a reminder for those who work at TU. Quantity over quality when you work. Take your FTO as many as you can, at least 10 weeks. Take those long breaks Those two days in the office do the minimum, the 3 days WFH make sure you run errands, hit those gyms, quality time with families because CC and his teams don't care about you. You are just a W2 at the end of the day. Work those 8 hours and go home get off teams turn phone off. Unless you on-call then make sure you have phone only turned on during that time otherwise - manage your time, NOT TU TIME.

Several long time employees were FIRED last week for not returning to the office despite manager approval. Fired, no severance, gone after high performance and decades of service. Nothing descent matters to these people.

Now that the divestiture is completed, when do you think reorg will occur? Titles are all over the place. And do you think reorg will include layoffs? I noticed small layoffs here and there of long time contractors.

Any word on layoffs for QFO and or the CTMs in the newer created UPP team when it comes to layoffs?

Well I got a 5 minute meeting on the calendar. Wasn’t going to wait until Thursday, so just called my manager and got the news. I’m apparently the 10th one they’ve told already this morning.. Band 7 is getting hit the hardest it looks like.

Being told to WFH (whole office not just me) Thursday so whoever is saying there is no layoffs is wrong

Let’s just hope we make it through the week. Never ending stress

Looks like I’m done. Severance is as least good still.

Godspeed lake Mary.

Remember that it’s nothing personal if they let you go. Medtronic was here before you and it will be here after you, unless we merge with Home Depot to form a freak baby birthed from unchecked capitalism. The point is, the corporate machine doesn’t care about any of us. Good employees and bad employees alike get chewed up and sp-t out. You are worth more than whatever identity you have in this job.

Good luck.

All these posts about how fantastic it is that the stock is at 92. For those holding on, and not selling and diversifying into other investments, or aren't cashing out now; re-read this post when the market corrects. It will.

The best thing you can do is diversify your portfolio. Take CSCO profits now. Before it's too late. Take the proceeds, and simply invest them in simple index funds. Or; take profits now, and pay off debt. Mortgage. Car Loans. The future you, decades out, will thank you.

Yes, I had CSCO RSUs, CSCO Stock Options (the old Cisco Options from the late 1990s/early 2000s), and Cisco ESPP. Never, at any time, did CSCO ever exceed 25% of my total investment portfolio. Ever. I always took option and ESPP profits and rolled them into simple total market index funds. Max out Roth IRAs with the ESPP and RSU proceeds. You will thank yourself later.

Save your market gambling for using the Cisco Brokerage-Link function to day trade things like SPY and other index funds. Save the speculation for that aspect. Leverage Brokerage-Link functionality.

There is safety in being diverse. You are wasting a HUGE opportunity cost, by having an all-in-one basket, waiting to be all lost at the next correction, 2008-ish market meltdown, or CSCO stock demise. It is amazing yes it is at 92; but look at the curve of CSCO going back to 1990s.

Writing this as former CSCO, and living in a neighborhood with several CSCO friends, waiting for their payout, in their $750,000 homes, coupled to serious mortgages and BMW payments. Stop living life shackled to the speculation that this thing is going to keep running. Take your profits now and simplify your lives.

I was guilty of handing on too long to have options and ESPP accumulate, but then as things got very miserable with Cisco corporate ideology changes, I downsized my life financially. I felt shackled in staying because of a number on paper on what it could all be worth. I dumped the ESPP, the RSUs, and paid off all the debt. Then Cisco dumped me. All good, it was the best thing that ever happened to me. Now financially and more importantly mentally free from the whole game.

Writing this in hopes that somehow it inspires someone truly as miserable as I was at my last two years at Cisco to do the same. Now may be the time. Cash out. Get your life back.

By the way: AI play on it. Go put all your RSU shares, and ESPP shares, into ChatGPT. Go ask her how much you will get AFTER taxes. You will be astounded how much Uncle Sam is going to take. Another reason to take the money and run.

The Ruckus-to-Belden sale has all the smell of a polished used-car pitch: shiny numbers, big promises, and just enough spin to make the buyer believe they were getting a prize.

In my view, Chuck and the Carlyle playbook were not about building a great company or a great product. They were about packaging the story, dressing up the numbers, and extracting value before someone else had to live with the consequences.

Best used-wasel-car salesman energy.

poor ba----ds.....

If they want me gone, they’re going to have to pay me for it. I’m not playing along with this RTO-driven attrition strategy. Hopefully people see it for what it is and don’t just hand them what they want.

I hate that nearly every Monday now feels like a question of will there or won’t there be layoffs. I hate that I can’t even relax and decompress on the weekend anymore because it’s always in the back of my mind. It just never really shuts off. This is not the Dell I remember, not even close. It’s become such an unrecognizable company these days.

WFH was a success during COVID and could be at any time, it's the person doing the work, not the location. We sell global connectivity yet we do not want to connect employees who are also customers. We all know right now it's a 'do as I say, not as I do'. I'd respect honesty; yet that is not what the top brass offer normally; it's usually smoke and mirrors.

If AT&T wants to reduce its footprint, what better way than making the employee provide their own office? Case closed!

@rw+1kqf86bry is 100% right.

I'm thinking we're getting closer to the AI bubble pop, and once it happens, the layoffs will be brutal. Or am I overthinking it?

I hope a company with a massive windfall wouldn't do such a thing, though.

There’s no way fidelity will layoff a significant portion of the staff. Abby doesn’t want to let her friends go.

The tech teams might be impacted, but with no vbo, how likely is it that there will be layoffs.

Will this endless merry-go-round of job cuts ever stop?

I heard 20-30% of Dell Digital org will be let go. Good luck everyone.
OP: @bt+1kqj8f1ke

That would be insane. Has any new info surfaced? Or will we find out more maybe tomorrow?

The July action will be the biggest reduction in force to date.

We went through Cloud Cert Fest and Skill Academy programs with the expectation that cloud training would translate into meaningful internal opportunities and role stability within the bank.

Instead, cloud outcomes remain largely undelivered, while many trained engineers have been impacted by layoffs and organizational restructuring. In parallel, roles are increasingly being filled through external hiring, including engineers from Amazon and JP Morgan Chase.

This cloud cert fest ran by R.B, working in the bank . We all are laid off.
This raises a difficult but important question about alignment between upskilling investments and actual workforce planning—especially when training programs are positioned as a pathway to job security, yet the outcomes tell a different story.
Do DV and GK have visibility into this situation? What is the real status of Skill Academy and Cloud Cert Fest outcomes?

John Deere is launching new distribution and manufacturing facilities in Indiana and North Carolina on April 28, 2026, marking a strategic effort to rehire laid-off workers despite significant financial headwinds and recent workforce reductions across the United States.

https://www.fakta.co/deere-opens-us-facilities-job-recalls

For a while, I was afraid to commit
But this week I will be going in like a free spirit.

I was always a high performer, but no one ever gave me the credit..
But this week I will be going in like a free spirit.

The top management has acted one too many times like a bandit.
Which is why this week I will be going in like a free spirit....

I am always contacted by toxic managers during prod issues last minute...
Which is why this week I will be going in like a free spirit.

If what happened at spirit isn't affecting you, sorry to say humanity has lost all its spirit.
Which is why this week I will be going in like a free spirit...

I know my days are numbered,
In this firm, in this town..
Where my hardwork was labelled as a work of a clown.

The news of Tuesday or Wednesday or Thursday is inevitable
Which is why this week I will be going in like a free spirit.

I loved this country ever since I got here,
But the hate these days I see is unable to bear..

I spent my youth here like I was investing in a future.
My loved ones back home, wasting away every single day
Never let me feel the guilt of not caring for them.

The administration crackdown on immigration, left many like me say good byes to their loved ones virtually,
Living with guilt to not be able to hold those close who brought me in the life.

Someone will still find a way to make fun of this post,
Which is why I say all hope is lost.

I am walking in this way like a free spirit .

I have given it all,
Through the hardships I stood tall.

I have no desire to fight a battle already lost.
Which is why this week I'm walking in like a free spirit.

Peace and love to all ❤️
Y'all always be my brothers and sisters no matter what..
Which is why this week I'm walking in like a free spirit...

Any update on how bad the LRs will be.

1- Systemic Compensation Stagnation: A complete freeze on base salary increases for the majority of the workforce spanning the last 5–6 years, regardless of inflation or performance.

2- The "Recycled Equity" Strategy: While ICs receive small bonuses, managers and directors are tied to RSUs with 4-year vesting schedules. These serve as a "retention carrot" that disappears instantly upon layoff—allowing the company to claw back earned equity and "recycle" it to lure new hires into the same cycle.

3 - The 2025 Manager Purge (FY26 Q1): A calculated wave of terminations where managers were directed to lay off their own teams, only to be terminated themselves immediately afterward.

4- The 6:00 AM Termination Protocol: Highly impersonal exit procedures, with U.S. and Canadian staff receiving automated emails at dawn, accompanied by severance packages described by employees as "garbage" and "sub-par."

5 - Efficiency Paradox: A relentless "do more with less" mandate enforced through perpetual hiring freezes. Despite corporate messaging, internal AI tools provide minimal functional support to offset the loss of headcount.

6 - The Psychological Toll: A workplace culture defined by "survivor’s guilt" and low morale as remaining teammates are forced to absorb the workloads of their terminated colleagues.

Most of my team was let go, but nobody knows whether other parts of the org were affected. More communication would be great. 🤷🏻‍♀️