#layoffs

This company lays off folks all the time. No reason other than the company isn't meeting their targets. Management team has no loyalty at all to long time, good employees. Even half the HR team including the CPO was canned recently.

And don't get me started. There are no merit increases. And they give you a 401k match but it's funded only once a year. In September 2025 you get your 2024 match. Cool, huh?

The best leaders of the last 10 years have been laid off.

All these latest posts and comments about layoffs this Monday, which divisions or regions are being affected?

What happened? Only commenting in this forum since I keep hearing about layoffs...unfortunate.

Verizon layoffs to hit 15,000 roles in 2026 as automation takes over https://share.google/AJuhG51e9EFToXk0E

I can't keep myself occupied enough with anything to ease the anxiety I feel. A completely sh---y weekend. I hope beyond hope to get to keep the job, because everything is as it is at the moment.

It's okay to be wrecked by a layoff. When I got cut from my previous company, people told me to just move on. Sc--w that. It hurts. That job was my routine, my purpose. You're allowed to be upset. Anyone who says otherwise hasn't been through it.

SK On laid off nearly 1,000 workers. The layoffs occurred at its Georgia battery plant. The decision stems from slowing electric vehicle demand. This reduction affects about 37 percent of the plant's workforce. The company cited restructuring efforts and market conditions.

https://hr.economictimes.indiatimes.com/news/workplace-4-0/talent-management/sk-on-lays-off-nearly-1000-workers-at-us-battery-plant-amid-ev-slowdown/129202614

chat are we cooked??

Chicago, Las Vegas, Honolulu, Tysons Corner, and South Coast Plaza are all top tier locations with lots of foot traffic in the mall and surrounding areas, if these locations are closing, I eventually see all locations going under. Please, if you count on Saks or Neiman's as your main source of income, start looking for a new job, I'm so sad for all the wonderful people I worked in the 24 years I was at Neiman's. Times are changing and not for the better. God bless everyone at Saks and Neiman's stores.

First we got a WFR announcement. Then a CEO resignation. Now a bunch of site closures.

What else can we expect of a dying company?

Fire the tech mod and other creatures that only increase bureaucracy and create the appearance of savings.

This week, management informed over 200 people including managers, supervisors and leads that they are planning to offshore all of our home mortgage loan roles to India. Not sure how you can call yourself U.S. Bank when more and more employees are not located in the U.S. scary to think everyone’s personal data will be available to non-US residents. I’m sure our lenders and borrowers will be ecstatic to hear this (they clearly don’t want this to be brought to their attention since we were told multiple times what to do if media encounters us). It’s very sad to see so many employees and leaders all being kept in the dark. Thank you to our fearless ceo Gunjan and shareholders 🙄

I'm hearing of another large wave of layoffs that were announced this week (also confirmed by LinkedIn posts). It looks like it might be hitting BID and maybe the Carlsbad site in particular. Can anyone provide more detail on who was impacted?

If BCG has been in already, Mgmt knows where they are cutting. Its if it when...

If BCG, was in . Mgmt already knows where it’s cutting …

A few questions regarding 3M's mascot, Scotty: Who watches him all day? What does it cost to have people watch him? Where does he go at night? How much did it cost to trademark his name: The Science Lab? How much time and money went into this decision (legal, PR cost, etc) to acquire him? Was he a rescue dog/puppy mill/legitimate breeder?
Is there any chance he will get laid off or spun-off?
Maybe a better mascot would be a black widow spider or a preying mantis, you know, one's that eat their own.

Directors that say yes to every request from VPs no matter how ridiculous or last minute the ask continue to survive. They have their head so far up the VPs a$$ hoping to advance their own career with no regard to their team. Truly a good ole boys club at that level. At the end of the day every employee is just a number with a salary that will be the deciding factor in the next round of layoffs. No amount of extra effort will be taken in to consideration, so take your PTO and enjoy time with friends and family.

QA, DevOps, Internal projects are going to be affected massively. In India, there will be heavy layoff at management level (VP, Director)

I'm not seeing this in a post. If you already have the $2000.00 in stock and are laid off will you still have it or do you need to bank actively employed for tge 2 year waiting period. I'm on medical leave and don't have access to Worday. They cut my access as usual. I feel once I'm actively employed I'm going to be laid off. TIA

BB seems to lose money by tearing things down to rebuild them. In 2021, he bought a $7M house on a Florida golf course and demolished it, building a new multi-million dollar home in its place. In the meantime, he bought a $4.1M condo to live in, which he dropped a ton of money into renovating, and sold it for $3.1M to move into his newly built home. Wasting money tearing things down - is what he's doing to 3M?

Plymouth County Sheriff Joe McDonald announced 33 employee layoffs. This action includes the entire Bureau of Criminal Investigation department. The sheriff cited an unprecedented fiscal emergency for these cuts. State lawmakers withheld funds due to large budget deficits. An Inspector General report criticized sheriffs' spending practices.

https://www.bostonglobe.com/2026/03/05/metro/plymouth-sheriff-layoffs-spending-scrutiny-inspector-general/

Please tell me why she’s sticking it to us even more with this ecard? It’s employee unappreciation day here. We all feel stressed, abused and unappreciated. Thanks, Gunjan for nothing and for no merit increase. Ugh!

Tennessee's first and only Ikea store will close. The Memphis location is set to shut down in May. This closure will result in 114 layoffs. The store originally opened in 2016. It was the only Ikea in the state.

Memphis, Tennessee

https://dailymemphian.com/article/60601/ikea-memphis-closure-to-result-in-114-layoffs

Doosan GridTech recently laid off staff. These layoffs occurred in Bellevue. The company was formed in 2016. Doosan Group acquired 1Energy Systems to create it. This acquisition cost over $10 million.

https://www.bizjournals.com/seattle/news/2026/03/05/doosan-gridtech-layoffs-bellevue.html

Lumileds will close its San Jose facility. This closure impacts 24 remaining employees. The company previously eliminated 61 positions in November. These actions total 85 affected employees. Lumileds is shifting its manufacturing operations to Asia.

https://inside.lighting/news/26-03/lumileds-san-jose-facility-set-close-layoffs-continue

Superintendent Mary Skipper presented a $1.71 billion budget for BPS. The district plans to eliminate 300 to 400 staff positions. This includes over 200 teachers and 100 support staff. Rising costs and declining student enrollment are factors. The School Committee will vote on the budget March 25.

https://baystatebanner.com/2026/03/05/boston-teacher-layoffs-likely-as-bps-outlines-next-years-budget/

Legit said the pay was under market, that the raises I am stating are "best case" are far below market for role, and that nominal cash bonuses with zero equity upside mean: "we aren't paying to keep you or grow you."

This was the UHG CoPilot, not some outside source. Our leaders told us to use AI for professional development and job work, and wow! LOL

Global bank Morgan Stanley announced significant job cuts. The cuts impact three percent of its global employees. The company cited changing business priorities and individual job performance. These reductions follow similar moves by other large firms. Layoffs affect investment banking, wealth management, and investment management divisions.

https://uk.finance.yahoo.com/news/huge-layoffs-continue-tech-finance-135217128.html

Universal Music Group's Mercury Studios laid off several staff. MD Kelly Sweeney and other senior staff exited the company. Mercury Studios is based in London. The studio produces music documentaries and live concert recordings. These layoffs reflect a contraction in the documentary and TV production sectors.

https://deadline.com/2026/03/layoffs-universal-music-group-mercury-studios-1236744728/

My boss just told me that he was asked to rack and stack his people. Seems that mid-April we will have a RIF.

He said this is going to be a big one. He was also asked about people over 50 in our group. Seems that the old folks are going to shoulder the brunt of this one.

He also shared that this will be both a salary and an hourly reduction.

https://www.reuters.com/sustainability/sustainable-finance-reporting/nike-records-300-million-restructuring-charges-after-recent-layoffs-2026-03-05/

300$ million sounds like a really high number and not adequately explained by recent Converse and DC actions, IMO. point being the upcoming purge is going to be big!
Please comment.

New data shows layoffs decreased significantly in February. Challenger Gray & Christmas reported a 55% drop in job cuts. However, companies' hiring plans remain weak due to uncertainty. The technology sector continued to announce substantial job reductions. Experts are watching the labor market for signs of a soft landing.

https://finance.yahoo.com/video/layoffs-down-55-feb-challenger-223000727.html

Was in a meeting with managers a few rungs up the ladder than me when one of them fielded a question about "Reimagining". They mentioned that there's always been a "Cascade 3" and that it's happening in the next 3 months. They said more jobs will be offshored as a part of it but they don't know how much.

Has anyone else heard anything about this?

The Greater Roanoke Workforce Development Board hosted a hiring event. This event was for Yokohama employees affected by upcoming layoffs. The Yokohama Tire Corporation plant in Salem will permanently close. This closure is set for March 18 and impacts hundreds of workers. More than 50 businesses participated in Thursday's job fair.

Salem, Virginia

https://www.wsls.com/news/local/2026/03/05/hiring-event-for-yokohama-employees-affected-by-upcoming-layoffs-set-for-march-5/

I am leaving for another position soon. Saw my current role posted for internal applicants listed one grade level lower than my current grade level.
Has anyone else seen this happen before?