#layoffs

Another round of layoffs end of this week into next.

And if you quit do you get a prorated bonus in March of the following year?

Involuntary separation program (aka layoffs) happened today. Eliminated full teams…

Saskatchewan Polytechnic continues to experience job cuts. The institution has laid off 151 employees across 2025 and 2026. Recently, 23 full-time and part-time positions were eliminated. The health information management program is also suspended for 2026-27. The Official Opposition urges the Provincial Government to stop further layoffs.

https://www.cjwwradio.com/2026/03/04/242926/

Has anyone calculated all the layoff payments? Have they been correct?
Not sure how much fees are being taken other than taxes...

Saks & Company will close its Schuylkill County distribution center. This closure will result in 435 employee layoffs. Employees were notified on March 3, 2026, of the permanent shutdown. Layoffs are scheduled between May 2 and May 31, 2026. The company's parent, Saks Global, filed for Chapter 11 bankruptcy.

Pottsville, Pennsylvania

https://www.skooknews.com/2026/03/saks-company-to-close-schuylkill-county.html

I know of two people who got laid off yesterday under the content operations umbrella. There’s probably more I didn’t hear about.

A Vons supermarket in Escondido is converting into a remodeled Albertsons location. This transition is described as an investment in the local shopping experience. Approximately 65 workers were initially identified as affected by the change. Albertsons Companies aims to support these associates through the transition. The company is working to identify opportunities for staff at nearby stores.

https://hoodline.com/2026/03/escondido-vons-axed-as-65-workers-face-layoffs-in-albertsons-store-flip/

PMC Biogenix will close its Memphis plant. The shutdown is scheduled for April. This action will affect local workers. These employees earn an average wage of $94,000. The chemical manufacturer operates this facility.

https://www.bizjournals.com/memphis/news/2026/03/04/pmc-biogenix-layoffs-chemical-manufacturing.html

News media also reported, it will happen as soon as March. And said it's more than regular layoff, and they have lot of cash

Capital One laid off a bunch of Discover associates on Feb 23, 2026. I'm also one of the impacted person unfortunately after Capital One and Discover merger finalized and completed. Estimates number is 1500 to 1700 people (%15 of Business Technology).

Which lines of businesses will be next thus year? Not sure if anyone has an idea but definitely curious.

https://www.bloomberg.com/news/articles/2026-03-05/oracle-layoffs-to-impact-thousands-in-ai-cash-crunch

I hear there are some layoffs today and later this week. Does anyone have info on counts and teams impacted?

I sure don't. It's just a paycheck, with no hope that raises would even keep up with inflation. Between offshoring, AI hype, zero growth paths, and the constant threat of being cut for no reason other than bottom line, why even try? Working hard, doing overtime, delivering quality - it's all just investing in future regret.

Does anyone think that severance amounts will be impacted for future layoffs?

Dublin. Layoffs. Tech heavily hit with over 30 people axed. Others too. Massive.

Questions for HR reading this.

1. Are they planning on doing a mass layoff of remote employees?

2. Is there any truth to the shift of sending more positions overseas?

3. What are we not being told?

Is that certain?

https://boisedev.com/news/2026/03/05/hp-says-it-will-exit-boise-site/

Ten. Frigging. Months. And I'm not optimistic it'll even pan out. I've lost count of the resumes, the outreach, the recruiters. Fake job posts, dead ends everywhere. There were moments I wanted to give up, just let whatever happen, happen. I thought I'd find some calm despite the endless layoffs. Instead, I just wound myself up tighter.

My manager said our team is safe, but I'm not convinced they actually know for sure.

town hall says “leverage global teams”.
I might as well look for another job at this point.

By forcing the cost of severance down from "top of house" to the division/unit level Scharf is deliberately incentivizing managers to give unwarranted poor reviews to good people so that they can be fired "for cause" with no severance, no cost to the bank. While callous, cold and calculating, it's perfectly legal.

Scharf knows that Secretary of Treasury Bessent and President Trump are pushing hard to deregulate banking which directly impacts staffing at all banks. By eliminating the CFPB and loosening regulatory oversight, employees whose duties include this funciton are no longer needed because the people they answer to in the government agencies are gone.

WF is removing coordination roles in a way that purposefully avoids the visibility that normally accompanies large layoffs. WF distributes reductions in smaller groups across several sites — for example, eliminating roles in increments of 40 or 45 across different regions over several months. None of these individual events reaches the WARN Act threshold that would require public disclosure. Challenger, Gray & Christmas refers to this as the pattern of "forever layoffs" — ongoing workforce optimization rather than discrete restructuring.

The weakening of worker protection enforcement — reduced CFPB oversight of employment-related financial products, reduced NLRB enforcement capacity, weakened EEOC investigation resources — makes this quiet, distributed layoff approach less legally risky for banks. The institutional deterrent against conducting large-scale reductions in ways that might constitute systematic discrimination or age-based targeting has weakened alongside the broader regulatory rollback.

Very likely

All WF employees should be scared

Is that now official?

Working on a large deal? Oh well, come 4/1 that opportunity is gone. Have a large customer base to flip and keep steady commissions in place? Not anymore and no salary increase or draw to compensate during the transition… Tell me RB wants reps to quit without telling me… disappointed in what Xerox has turned in to.

Pip process moved to 30 days. 1 month of not hitting 80 and bam your on a pip. No room for error. Oh and don’t forget if you don’t hit 50% of your INSANE phone quota you go straight to a written. Oh and theres more! 30 days to get on a pip BUT 90 days to work yourself off. Idk but seems like they want us all out for some reason. Make it make sense.

Great news to hear from HR that they’re discontinuing the pension plan for those of us who have remained loyal to the company and accelerated the growth of the stock price.

The Pittsburgh Post-Gazette officially informed Pennsylvania of its pending closure. PG Publishing Co. filed a Worker Adjustment and Retraining Notification. The newspaper will cease publication on May 3. All 171 employees will be laid off starting May 4. Block Communications cited significant financial losses and court rulings for the decision.

https://www.pennlive.com/business/2026/03/1-of-the-largest-newspapers-in-pa-informs-state-it-is-shutting-down-171-employees-to-be-laid-off.html

Perrigo plans to reduce its workforce. The pharmaceutical company expects to lay off 7% of its employees. This action aims to streamline operations and enhance effectiveness. The information comes from Perrigo's fiscal year 2025 report. Further details on affected departments were not provided.

https://wkfr.com/west-michigan-perrigo-layoffs/

Moderna reduced its workforce in 2025. Sarepta also experienced job cuts during the same year. In contrast, Insulet saw an increase in its headcount. Vertex Pharmaceuticals similarly expanded its employee base. These changes affected major Massachusetts life sciences companies.

https://www.bizjournals.com/boston/news/2026/03/04/life-sciences-workforce-2025.html

A ca--abis company is eliminating jobs. Dozens of customer service positions are affected. These layoffs are occurring at a Clearwater call center. The company is described as a ca--abis giant. This constitutes a mass layoff event.

Clearwater, Florida

https://www.bizjournals.com/tampabay/news/2026/03/04/trulieve-clearwater-call-center-layoffs.html

Stanley Black & Decker will lay off 300 employees. This action follows the permanent closure of its New Britain manufacturing facility. Layoffs will occur in five waves, starting in May 2026. Most workers, 287, will be terminated between May 4 and May 18. The company cited a decline in demand for single-sided tape measures.

https://patch.com/connecticut/across-ct/stanley-black-decker-layoff-300-employees-timeline-issued-amid-impending

Ssense reported 215 layoffs last month to the Quebec government. This brings the total to 307 layoffs over the past year. The luxury online retailer filed for bankruptcy protection in August. Founders recently received court approval to buy back the company. Lenders opposed the buyout, favoring liquidation for debt recovery.

Montreal, Quebec

https://montrealgazette.com/business/local-business/ssense-reported-over-200-layoffs-last-month-to-quebec-government

Kwantlen Polytechnic University is implementing another round of layoffs this week. These cuts will impact unionized employees. The university faces a sharp decline in revenue. This is primarily due to falling international student enrollment. Previous measures included administrative cuts and a hiring freeze.

https://vancouversun.com/news/kwantlen-polytechnic-university-kpu-more-layoffs-enrolment-declines-bcgeu

Build A Rocket Boy implemented further layoffs at the company. CEO Mark Gerhard described the decision as deeply painful. He also claimed overwhelming evidence of corporate espionage and sabotage. The studio previously launched the action-adventure game MindsEye. MindsEye received negative reviews and was the worst-reviewed game of 2025.

Scotland

https://opencritic.com/news/27446/mindseye-studio-build-a-rocket-boy-announces-more-layoffs

A South Side rail operator is closing its facility near Rickenbacker International Airport. The company, Cincinnati-based Parsec, is an intermodal railroad transportation contractor. Parsec filed a Worker Adjustment and Retraining Notification (WARN) notice. This closure will eliminate 115 jobs. The affected positions are in central Ohio.

https://www.dispatch.com/story/business/employment/2026/03/04/rail-operation-rickenbacker-close-115-layoffs-parsec/88965960007/

St. Helena Unified School District plans staff reductions. Eight roles are affected, including a high school counseling position. The district cites falling student numbers and increased expenses. Faculty members voiced strong concerns about the proposed cuts. The school board must finalize these decisions by May 15.

https://napavalleyregister.com/star/news/st-helena-high-school-layoffs-guidance-counselor/article_07d70c72-2465-40c3-9e80-cc9a709e731b.html