#layoffs

Uptick in demand boosts Ruger to $7 million in net income after 90 layoffs in Newport

https://www.unionleader.com/news/business/uptick-in-demand-boosts-ruger-to-7-million-in-net-income-after-90-layoffs-in/article_bb92434d-965e-4975-b1f2-49e9154bf38d.amp.html

Is anyone in my age bracket actually finding work after being let go?

I've been scanning other banks on this site, and it's discouraging. Everyone seems to be dealing with the same issues, from layoffs, to toxicity, to bad leadership. I want out, but I don't want to jump from one dumpster fire to another. Is there actually a better alternative out there, or is this just what the industry has become?

I get the frustration, but walking out with nothing? With layoffs everywhere, severance is practically guaranteed. Why throw that away?

Managers know who's dependable, who consistently delivers, and who the team relies on. Yet some of the people who get let go are exactly those employees. It makes me wonder whether the decisions are made by people looking at spreadsheets instead of the actual work.

Not think about layoffs, reorgs, VSPs, etc.? Good times.

We keep cutting the wrong people. Until leadership goes, nothing fixes.

There's a certain sadness in watching a company that once meant something turn into a shell of itself. All the potential, all the bright ideas, all the people who cared...it's all being wasted. Every reorg, every layoff, every bad decision chips away at whatever is left. I find myself mourning the place it used to be, even as I sit here watching it disappear.

Considering that the majority of those laid off are over a certain age, and age discrimination is supposed to be illegal.

So they divest stores then shift the quota to remaining locations. Not only do you have to combat lower team morale due to mass layoffs, you now how to close the amount of sales for more than one location and take a pay cut in commission. It’s not like these locations are closing down. Most customers probably won’t even know the difference and will continue to shop there

If it’s going to happen just let it happen already.

Any precedent to whether they do layoffs on Mondays or Fridays? I’ve seen both at other orgs.

It’s official. A manager officially announced they installed software to monitor offshore folks. Ended up cutting 6 of them. Stated not watching FTEs but that’s a bold faced lie. If you go to the bathroom too long you’ll start being micromanaged be careful out there!

PC Monitoring already in place to copy any data… report any suspicious activities and managers behavior here.

So, what do you all think are the changes that are going to hit now that Jack Attack has 3 months and 24 days under his expansive belt?

Kane out <-- Too old, not bringing in the razzle-dazzle anymore
Brenda out <-- Mid market wh-z-bang not growing fast enough to hype hype hype
CTO Hughes out <-- not technical at all and an certifiable a--hole

Anyone else have any-other predictions on this disastrous team TEAM dream team? Who's next on the package and gag-order list?

After sitting in a few of the technical board review meetings, I can say this, totally unimpressed with the quality and caliber of these teammates. My dog can recite the buzzwords better and actually understand what he's barking about more intelligently, really.

A senior reviewer was told that layoffs are expected within the next 12 months for the Central Review Team can anyone verify this?

No one is safe. I've watched veterans with decades of service get cut alongside new hires. Unless your title starts with Chief, you're fair game.

I've seen enough signs over the last few months, including being completely ignored by my manager, to accept that reality. So why am I still ki-ling myself for a place that's about to show me the door?

We grind, we sacrifice, we build just to have them step on us and move on like nothing happened. Cisco has lost whatever soul it once had.

Before you apply anywhere, make sure to check their layoff history. Many are doing the exact same thing as this place. I almost jumped to a competitor, then I checked their page and saw they're constantly cutting staff too. Big names aren't always safe names.

Is your goal to make people panic? You don't know what's coming. Unless you're part of the C-suite, you have no idea how many people will be laid off and when. This is all a guessing game, and stating it as fact can only serve to further erode people's mental health through unnecessary stress. Just stop it.

So many posts that contradict another post outta hard to keep up. WFR supposedly happening on Monday but a lot of talk that some groups have already been notified on Friday. So WFRs already finished?

Someone posted that they thought VSP was an epic failure but didn't explain why. What are your thoughts? Whether you took it or were left to deal with the fallout. For the eligible, how has your life changed after taking it? If you were eligible and did not accept it, any regrets?

I heard that there is another round of layoffs in August and announcement about rebadging in September?

Heard from LL4 as there are incoming cuts in CVS/OTA due to new modernizations...brace for impact!!

climbing a ladder made of the bones of all those roles he sla-ghtered

GB is trying to get 40 solid years. But, he will sell assets and then be asked to leave

Pump.fun has recently laid off over 40 employees in two separate rounds. These dismissals occurred in the months leading up to the initial vesting unlock of the platform's PUMP token. Affected staff are now ineligible for token allocations that could be worth millions. The company cited rapid expansion as a reason for the layoffs. Despite these cuts, Pump.fun has generated significant revenue and profit.

https://bitcoinworld.co.in/pump-fun-layoffs-pump-token-unlock/

Level 50, my stock grants are down from 65k last year to 55k this year. How much have you got? Please also mention your level.

Jaguar Land Rover is implementing a voluntary exit and redeployment program affecting fewer than 300 salaried and management employees. This move is part of a broader business transformation aimed at improving decision-making and performance. The restructuring follows a significant cyberattack in 2025 that disrupted production and incurred substantial financial losses. Affected employees will be offered support in finding alternative roles or voluntary early exit options. Production line staff are not expected to be impacted by these changes.

Whitley, UK

https://www.peoplematters.in/news/strategic-hr/after-bmws-layoffs-jaguar-land-rover-begins-cutting-up-to-300-salaried-and-management-jobs-51163

Illinois Institute of Technology is implementing significant layoffs affecting 160 employees. This decision stems from declining enrollment numbers and ongoing financial challenges. The university is undergoing a restructuring process to address these issues. These cuts are a direct consequence of the institution's financial difficulties. The aim is to stabilize the university's financial future.

Chicago, Illinois

https://www.chicagobusiness.com/education/ccb-illinois-tech-layoffs-20260730/

Nurses at Pottstown Hospital are protesting significant layoffs that will eliminate over 40 percent of their workforce. The union states these cuts will reduce patient care and access to services. Tower Health claims the layoffs are necessary for emergency department and behavioral health expansions. The company plans to rehire some staff after renovations are complete. This action follows previous job eliminations at the hospital.

Pottstown, PA

https://patch.com/pennsylvania/pottstown/pottstown-hospital-nurses-decry-layoffs-seen-story

Major telecommunications companies are implementing significant workforce reductions as a primary cost-cutting strategy. AT&T, Verizon, and O2 Germany have all announced substantial job cuts in the first half of 2026. Nokia is also continuing a large-scale reduction program aimed at substantial annual savings. While these cuts can improve short-term margins, they often fail to address underlying revenue generation issues. The article suggests that true transformation requires redeploying capital into new growth areas, not just reducing expenses.

New York, NY

https://sebastianbarros.substack.com/p/telcos-layoffs-are-just-aspirin

A pharmaceutical plant in Spartanburg will be permanently closing its doors. This closure will lead to the dismissal of 195 workers. The layoffs are scheduled to commence on September 30th. These job losses will continue through February 28th. The facility is located on Fairforest Road.

Spartanburg, SC

https://www.foxcarolina.com/2026/07/31/spartanburg-pharmaceutical-facility-close-layoff-nearly-200-employees/

Fintech company Chime is implementing a 10% workforce reduction, impacting approximately 150 employees. This move aligns with a broader industry trend of companies leveraging AI for operational efficiencies. CEO Chris Britt cited the need for faster, more agile teams with flatter structures to accelerate growth and profitability. The company is preparing to release its second-quarter financial results next week. Chime's stock has experienced a 10% decline this year.

San Francisco, California

https://www.reuters.com/business/world-at-work/chime-cut-10-total-workforce-or-about-140-jobs-source-says-2026-07-31/

Any word on what the severance package will look like for the upcoming RIF in MS? A month to go and we havent seen anything.

That seems to be the modus operandi with Dell now. Show up Friday morning only to be told that today is your last with the company after decades employed with the company.

Why can't they let long term employees know they'll be laid off ? Especially employees at or near retirement age. So I treat every Friday as if it's my last. But it sure is tempting to simply leave now.

The only reason for my staying is for the cheaper cost of health insurance, which I'm still carrying our older kids on, and a better retirement lifestyle. But yeah, I treat every Friday expecting it to be my last.

What on earth is going on with this new thought that everyone has to now partner with everyone else, partner with colleagues, their own team members, partner across teams, own areas and partner with similar areas across multiple teams and think about partnering with a view across teams we don’t usually work directly with across Cisco . It was hard enough having a few focus areas but this sounds like a a complete nightmare to manage and I fear it’s going to be hard on already strapped employees after all the recent. LRs!

Anyone noticed posts on LinkedIn from Oracle employees saying they are getting retired? Saw at least 4 of them. Recent example one older guy saying he wanted to stay until retirement but they made him an offer he couldn’t refuse. What happened there, anyone knows?

End of month yesterday. How many people left and IRIFed? Anyone left to manage the shop? Anyone with experience and savvy left?