#layoffs

"Surging oil and gas prices drive Chevron to $12 billion in adjusted earnings, quadrupling last year's results."

Come on Chevron, invest in employees...they are doing more for less and still making pre-covid wages! What is the incentive for employees to do more for the company? Keeping the workforce held down...

Americans filing for unemployment benefits saw a modest increase last week, though overall layoff numbers remain historically low. The Labor Department reported a rise of 9,000 new claims, bringing the total to 197,000 for the week ending July 25. This figure, while higher than the previous week, is still near a fifty-year low. The data suggests a stable labor market despite minor fluctuations. The number of continuing claims also saw a slight increase.

https://www.wenatcheeworld.com/business/us-filings-for-jobless-benefits-rise-to-197-000-last-week-but-layoffs-remain-historically/article_a607fe49-3403-4052-a2d3-f08f369dcf1f.html

What does the strategy team actually do?

They spend their time building polished, fancy decks, but there’s often no execution plan because execution isn’t part of their mandate.

I also want to build a rocket. But do I have the budget, resources, talent, or infrastructure? No. Anyone can propose ambitious ideas if they’re not accountable for delivering them.

So how do we justify the existence of these teams?

In the November layoffs, VCG eliminated entire strategy teams. Yet in the new organization, they’ve rebuilt another army of people doing…strategy.

Flushing Bank will lay off 174 employees at its Uniondale headquarters starting August 10. These reductions follow the bank's merger with OceanFirst Financial Corp. The affected staff represent nearly half of the headquarters' workforce. Layoffs are expected to continue through December 31. This action is a common outcome of bank consolidation.

Uniondale, New York

https://www.newsday.com/business/flushing-layoff-bank-warn-merger-reljp3gm

Not sure what the correctly terminology is, but for those that are having the company Reimburse them for education expenses, how will it work if those employees are laid off. Is there a requirement that the employee must work for the company a certain number of years?

Nippon Electric Glass is closing its Shelby facility, resulting in over 200 job losses. The fiberglass company's departure will have a significant economic impact on the local area. This closure marks the end of operations for a plant that has been in Lattimore since 1957. The facility was acquired by NEG in 2017. The company is now in the process of laying off its employees.

Lattimore, NC

https://www.shelbystar.com/story/news/local/2026/07/31/nippon-electric-glass-shutdown-impacts-shelby-nc-beyond-layoffs/90832669007/

Long Beach is proposing substantial layoffs and vacant position eliminations to address a $58 million budget deficit. Over 260 employees could lose their jobs, impacting departments from fire and police to homeless services. These cuts are necessary due to rising personnel costs, legal payouts, and decreased tax revenue. While some new spending is included, the proposed reductions are extensive. The city aims to balance its budget for the upcoming fiscal year.

Long Beach, California

https://lbpost.com/news/city/long-beach-city-layoffs-budget-cuts/

PeaceHealth is outsourcing its information technology services to India-based Tech Mahindra. This move aims to modernize IT functions, including service desk support. While leadership of IT strategy and cybersecurity will remain with PeaceHealth, some local IT roles will be eliminated. The company confirmed these layoffs will occur after November, though the exact number of affected positions is not yet clear. PeaceHealth stated that impacted caregivers will receive transition support.

Eugene, OR

https://www.klcc.org/science-technology/2026-07-30/peacehealth-outsourcing-services-local-layoffs-expected-november

The Chicago Board of Education voted to reject a proposed budget that would have resulted in over 1,000 layoffs. Instead, the board approved a revised plan contingent on $150 million in uncommitted state funding. Board members supporting the amendment argued that mass layoffs would harm students and that the district's warnings were exaggerated. This decision was made despite warnings from district officials that it could lead to an unbalanced budget and financial instability. The vote passed 11-7, with supporters aligning with the Chicago Teachers Union.

Chicago, Illinois

https://www.wbez.org/education/chicago-school-board/2026/07/30/chicago-school-board-approves-budget-that-reverses-layoffs-but-counts-on-shaky-state-funds

What is going on in Warsaw. I see lots of people sending goodbye notices today. Which departments were hit and how bad is it?

They are using reviews to set us up for termination with no severance. It’s happening to well-respected employees who have propped this company up for years through all their corporate governance issues, consumer abuses and scandals. (I like to believe there are still some good managers here, but they are reporting to people who have made it to the top at Wells Fargo. People don’t make it to the top at Wells Fargo without being ruthless and narcissistic.)

Don’t assume your review is a meaningless routine HR checking of boxes.

• If you disagree with something written in your review, politely and factually correct false claims in writing. Ask for specific examples of where you failed, and submit your written rebuttal to add to your personnel file.
• Do not lightly sign a review you disagree with, or a disciplinary write-up on the spot. Add a brief note next to your signature stating that you receipt-only sign and disagree with the assessment.
• Maintain a file on a personal device of past positive reviews, emails, chat logs, and project data (however you can do so within company policy) to prove your performance. Assume you may need it.

The expiration of Temporary Protected Status for Haitian nationals is creating significant labor challenges in Florida. Tens of thousands of workers in the travel, hospitality, and care sectors are losing their work authorization. This comes at a critical time for Florida's tourism economy, which relies heavily on this workforce. Businesses and community organizations are grappling with potential shortages and the impact on local economies. Fears of deportation are also rising among the affected Haitian community.

Miami, Florida

https://www.thetraveler.org/floridas-haitian-workers-face-layoffs-as-tps-protections-end/

Several Iowa-based organizations are implementing layoffs across various locations. River Hills Community Health Center is closing two clinics and reducing its staff. US Cellular offices within Appliance Plus Cellular stores are also shutting down, impacting multiple cities. The Iowa Department of Management is laying off a significant number of workers. Independence Premium Foods and Plastic Products Co. are also conducting layoffs, with Plastic Products Co. ceasing operations entirely. Wells Fargo has announced multiple rounds of job cuts in West Des Moines.

Iowa

https://iowastartingline.com/news/labor/legal-haitian-workers-suddenly-not-legal-iowa-worker-news-and-layoffs-july-30-2026/

Aramark has ended its collaboration with the University of Kentucky. This decision led to the termination of employment for over 900 individuals. The partnership concluded in May of this year. This marks a significant workforce reduction for the company.

Lexington, KY

https://www.wkyt.com/video/2026/07/29/aramark-ended-its-partnership-with-uk-may-resulting-layoffs-more-than-900-employees-those-layoffs-took-effect-june-30/

Tencent's North American subsidiary, LIGHTSPEED LA, has implemented workforce reductions. These layoffs are attributed to a shift in the creative and development direction for the upcoming game 'Last Sentinel.' The studio confirmed the news, stating that internal reviews prompted the adjustments. Approximately 80 employees were affected by this decision. The company affirmed its continued commitment to the North American market.

Los Angeles, California

https://www.invenglobal.com/articles/24270/tencent-conducts-layoffs-at-north-american-subsidiary

Shelbyville Hospital will receive service upgrades rather than facing closures or layoffs. U of L Health CEO Jason Smith announced plans to enhance radiology, pain management, and trauma services. These improvements are part of a three-year plan to elevate the hospital's performance. The announcement comes after months of speculation about the hospital's future. Smith expressed optimism about the hospital's growth within the community.

Shelbyville, Kentucky

https://www.pmg-ky1.com/sentinel_news/news/upgraded-services-in-line-for-shelbyville-hospital-no-closing-no-layoffs-no-cuts/article_d3f72ae7-5711-57e5-9d3f-ac8f49044a3f.html

Crypto exchange Luno is reducing its global workforce by approximately 20% as part of a strategic restructuring. This move aims to reallocate resources towards expanding its institutional and business-to-business services. The company cited investments in automation and operational changes as drivers for the workforce adjustment. While the exact number of affected employees was not disclosed, the company stated that a leaner structure is necessary. Luno plans to continue investing in compliance, core infrastructure, and select retail products.

https://crypto.news/luno-cuts-20-percent-of-staff-as-crypto-layoffs-widen/

Workers at the General Motors Fairfax Assembly and Stamping Plant are anticipating the end of nearly two years of layoffs. The plant has been operating on a single shift since September 2025, impacting approximately 750 employees. A shift in focus from electric vehicles to internal combustion engine vehicles, particularly the Equinox, is driving this change. Retooling is scheduled to begin in early 2027, with the second shift expected to resume by mid-2027. This transition is projected to bring the plant back to full employment and boost the local economy.

Kansas City, Kansas

https://www.kshb.com/news/local-news/kansas/wyandotte-county/gm-fairfax-plant-workers-see-light-at-end-of-tunnel-after-nearly-2-years-of-layoffs

Many biopharmaceutical companies are mishandling workforce reductions in 2026, leading to negative employee experiences. Stories shared with BioSpace reveal instances of impersonal Zoom calls, awkward airport meetings, and layoffs during maternity leave. Some companies also failed to be transparent about outsourcing roles to contract research organizations. The article emphasizes that the manner in which layoffs are communicated significantly impacts employee perception.

https://www.biospace.com/job-trends/not-so-special-delivery-when-biopharmas-fumble-layoff-news

Wow that PPD townhall was my first time watching Harmeet speak. My god, talk about monotonous, boring and uninspiring.

Seriously when people ask questions like how will people who lost their skip level or direct managers be fairly assessed on their work this year, the response shouldn't be a plain "yes they will be assessed for their work throughout the year". Duh, people are seeking clarity on the HOW, for goodness sake. Talk about how you already drew up the relationship graph of people remaining in the org, how you guys took stock of how the entire ecosystem of projects fit together, how teams are going to be assigned under new leaders who are genuinely excited at what they have to provide.

What's the point of these townhalls if you're going to be as vague and sombre as possible? When people ask questions about motivation, you don't just tell them to sit with their feelings for this week and look forward to the future. Tell us what exactly we should look forward to, and if layoffs are done for the foreseeable future, then use that to motivate remaining workers. Give people a carrot or something! When people asked if alternatives were considered, talk about how existing employee benefits cuts were considered, whether costs regarding AI models (why are there 80 available models btw) could be cut, whether this was made accounting for that crazy phase of token maxxing, will leaders personally taken salary cuts / pay increases this year during such a "sad and difficult time" as they claim.

Do these people even know how to motivate or show empathy at all? Have they been in genuine leadership positions outside of the corporate world where you actually have to inspire to get people to follow? In the military you have servant leadership (personal sacrifice) at the core, on sports teams captains are expected to display leadership by example, these people have no idea what any of these concepts mean!

They're genuinely soulless puppets, you can see it in their eyes, Harmeet, Rajat and whoever that HR minion brought up to speak during the townhall was. Actively applying for other roles right now, whatever culture Al Kelly instilled is completely gone.

Too big to fail is a comforting lie. The bigger they are, the harder they fall.

I nearly blew up at a coworker yesterday over this. If you want to leave so badly, then quit. Don't tell me and other people you wish you were laid off after we've watched so many excellent workers lose their jobs and seen how devastated they were over it this week. Read the room, people.

Wouldn't surprise me if people start putting up a "Days since last layoff" posters on their walls. It's been that kind of year.

Mentally preparing for Monday layoffs in aiops - how does severance work? Do you stay on the payroll for a certain amount of time or get the package worth up front? What happens if you find another job during your severance time (ex new job 2 months into a 3 month severance) - do you forfeit the last month?

I heard CAO is on the chopping block next week!

Hearing rumblings about September layoffs now that the merger has been delayed. Anyone else hear anything?

Sorry

Hi all, I'm Ike Swetlitz, a health journalist with Bloomberg News. I cover health insurance, among other topics.

I've been reading a lot of these posts about the buyouts. I'm trying to learn more, for a story.

If you're interested in speaking with me, I'd be grateful if you could contact me at iswetlitz@bloomberg.net or 630-544-9414 (cell phone - Signal / call / text / etc). You can be anonymous -- I will NOT print your name unless you give me permission. You can also find my contact information on LinkedIn or send me a message there (https://www.linkedin.com/in/ikeswetlitz/)

I'm trying to learn more about how many jobs are being eliminated, and when the buyouts are actually happening (now vs next year).

Thank you!

The First Amendment to the U.S. Constitution protects freedom of speech, freedom of the press, freedom of religion, the right to assemble peaceably, and the right to petition the government for a redress of grievances.

Hi all, I'm Ike Swetlitz, a health journalist with Bloomberg News. I cover health insurance, among other topics.

I've been reading a lot of these posts about the buyouts. I'm trying to learn more, for a story.

If you're interested in speaking with me, I'd be grateful if you could contact me at iswetlitz@bloomberg.net or 630-544-9414 (cell phone - Signal / call / text / etc). You can be anonymous -- I will NOT print your name unless you give me permission. You can also find my contact information on LinkedIn or send me a message there (https://www.linkedin.com/in/ikeswetlitz/)

I'm trying to learn more about how many jobs are being eliminated, and when the buyouts are actually happening (now vs next year).

Thank you!

The First Amendment to the U.S. Constitution protects freedom of speech, freedom of the press, freedom of religion, the right to assemble peaceably, and the right to petition the government for a redress of grievances.

Hi all, I'm Ike Swetlitz, a health journalist with Bloomberg News. I cover health insurance, among other topics.

I've been reading a lot of these posts about the buyouts. I'm trying to learn more, for a story.

If you're interested in speaking with me, I'd be grateful if you could contact me at iswetlitz@bloomberg.net or 630-544-9414 (cell phone - Signal / call / text / etc). You can be anonymous -- I will NOT print your name unless you give me permission. You can also find my contact information on LinkedIn or send me a message there (https://www.linkedin.com/in/ikeswetlitz/)

I'm trying to learn more about how many jobs are being eliminated, and when the buyouts are actually happening (now vs next year).

Thank you!

The First Amendment to the U.S. Constitution protects freedom of speech, freedom of the press, freedom of religion, the right to assemble peaceably, and the right to petition the government for a redress of grievances.

Hi all, I'm Ike Swetlitz, a health journalist with Bloomberg News. I cover health insurance, among other topics.

I've been reading a lot of these posts about the buyouts. I'm trying to learn more, for a story.

If you're interested in speaking with me, I'd be grateful if you could contact me at iswetlitz@bloomberg.net or 630-544-9414 (cell phone - Signal / call / text / etc). You can be anonymous -- I will NOT print your name unless you give me permission. You can also find my contact information on LinkedIn or send me a message there (https://www.linkedin.com/in/ikeswetlitz/)

I'm trying to learn more about how many jobs are being eliminated, and when the buyouts are actually happening (now vs next year).

Thank you!"

The First Amendment to the U.S. Constitution protects freedom of speech, freedom of the press, freedom of religion, the right to assemble peaceably, and the right to petition the government for a redress of grievances.

2027
Preparation Phase: February - May 02
Handover Phase: May - August 08
Hypercare Phase: August - October 31

August is going to be blood bath month. Wondering how dell manages without any public announcement!! I see so many teams impacted in ISG.

Does it make sense for companies to hired h1bs while layoffs are ongoing?

Hearing layoffs are coming…anyone else?

Any workers looking to unionize and protect ourselves against layoffs and offshoring? As americans we have rights! BETTER CALL SAUL!

Is LTI kept and paid or do we lose it?

It seems like this is not the last round of layoffs. Prepare for further organization changes within the year…

How many got impacted today? What is severance? Feeling really stressed out.

My manager finally allowed me to talk to HR about a salary increase seeing as I had taken on a lot more responsibility and staff under me.
HR has told me I can have a 7% salary bump but my bonus will be cut by 5%
I’ve not had an increase in 2 years but I’m in two minds. The monthly increase is ok, not good but the bonus cut is terrible. But the way the company was a going will we even get another bonus with the debt they are going to have to pay off.

It pretty much feels they are telling me they either accept it or stay on where I am. FYI I’m not on contract

Has anyone else been thru this process lately?
I’m confused.