#layoffs

Lay off the people who built the place, keep the people who broke it, and then wonder why nothing gets better. U.S. Bank in a nutshell.

There was talk in one of the threads about more cuts next week, but I can't find it. Is there any truth to it?

Get out while you can

https://bucksco.today/2026/07/kmart-fairless-hills-warehouse-closing-147-jobs/

While employees wait to find out if they’ll have a job when the VSP determinations settle, and the layoffs ensue, here’s what Centene’s top leadership has accumulated in company stock.

Executive Approx. Stock Value 2025 Compensation
Sarah London (CEO) ~$78.1M ~$21.6M
Drew Asher (CFO) ~$48.6M ~$10.3M
Chris Koster ~$23.1M ~$8.2M
Fred Eppinger ~$23.0M ~$0.6M (Board)
Ken Burdick ~$17.4M ~$7.4M
Susan Smith ~$13.7M ~$6.8M
Michael Carson ~$11.5M N/A
Tanya McNally ~$8.3M ~$5.8M
Katie Casso ~$7.2M ~$5.5M

Meanwhile, thousands of employees have spent months wondering whether VSP, layoffs, outsourcing, or another reorganization is coming for them.

We hear a lot about being “good stewards of taxpayer dollars.” We also hear that “when the business changes, we need to change with it.”

Fair enough. But stewardship shouldn’t only flow downhill.

If employees are expected to absorb the uncertainty, workload, and career disruption that come with those changes, it’s reasonable to ask whether leadership should share more of that burden too.

The numbers above aren’t opinions, rather they’re from Centene’s public SEC filings. The contrast between executive wealth and employee anxiety is what people are reacting to.

All this dbag does is lie out his a-s. No new business but he wants the world to believe bny is bringing in millions and hes saving with AI. No bi--h you are saving because all you do is terminate U.S employees

Confirmed layoffs are expected by the second week of September, ahead of the earnings call at the end of the month.

It’s going to be a wild few weeks. Enjoy your summer, don’t overextend yourself, and wait to see where the dust settles after September.

If the rumors are accurate, Innovation is in for a rough ride.

Trying to post this for the third time. Keeps getting taken down. Asking when DF will be replaced. For his efforts in losing talented team members and hundreds of millions in AUM, he was rewarded with the Chief Investment Officer role for the fifth largest bank in the US-you heard that right. Leadership, and I use that term loosely, has lost scads of talent and BILLIONS of assets under management. No one ever pays the price in PWM. When Minneapolis lost their most talented team members, and some of its most lucrative relationships-those managers remained in chair. There are never any repercussions, unless you point out the problems which are so glaringly obvious. The dirty kittle secret in PWM is that the thing driving sales is banking-primarily mortgages, which don't even count towards goals at any private death shop worth its salt. Those of us who have been in chair for a long time will muddle through. Younger members should run not walk to get out of here.

Just a thought… but Dan made a specific comment about 88% of the company is “using” AI, and we should encourage the other 12% blah blah…..

Anyone else thinking that metric will be used against us for the next round of layoffs? Checking to see how much we use AI?

Hey fellow riders of the wonderful hellish stage coach. I had been feeling hopeful again where I had been applying for thousands of jobs and after countless rejections. I’m finally getting offers for jobs. I had been feeling so hopeless up until these last few weeks and I appreciate you guys here. Despite the horrible situation we are in, it feels somewhat somber to have some comrades in the trenches.

The executives in charge are the worst and the toxic environment they are making where there is mistrust, total chaos in the name of efficiency and total lack of professionalism from forced in office, biweekly layoffs of good people, peanut 2% raises and the refurbished POS laptops that they gave out. I’m wanting others to also feel hope and to hang on.

In-depth piece (15-16 minute read) on IBM's Q2 debacle and the company's future viability.

https://www.thestreet.com/investing/ibms-25-crash-reveals-ais-hidden-corporate-casualty

With last week's layoffs, how is the morale of the interns and ldp? I heard they had to sit through speeches by chris flood on leadership and culture already....

Flocks of our staff are jumping over to other companies. Recent trends also indicate Sixt is picking up talent. Who’s running over Kennedy’s empire?

You can’t have a “market-based culture” unless you’re actually willing to compete in the market for talent. Stinky keeps talking about building a market-based culture, but what exactly is market-based about AT&T?

Companies with true high-performance cultures usually have at least one thing going for them:

• They pay top of market.
• They offer benefits people actually want like WFH/Hybrid
• They attract top-tier talent.
• They have a culture or reputation that makes people want to work there.

AT&T has… what?… The pay is mediocre and below market. The benefits have all been stripped away. Five-day RTO makes recruiting new young talent even harder. The culture and morale is at rock bottom. Leadership approval is about as low as I’ve ever seen it… Ask around outside of work how many people would recommend AT&T to someone starting their career. That answer speaks for itself.

John wants a market-based culture while offering a rock bottom value proposition.

People work hard in tech because the compensation is worth it. People grind in finance because one bonus can change their life. People put in insane hours at companies like Google because the pay, experience, and name on the resume can open doors for the rest of their careers.

So what’s the pitch for AT&T here, John?… Move across the country, come into the office five days a week, accept weak compensation, lose all flexibility, work under constant scrutiny and monitoring… Why would a top performer choose that?

The only reason anyone is still here is because the job market has been weak. As soon as it turns, and it always does, the people who have options will use them.

That’s how markets work, Stank. People won’t forget how you treated them when a better opportunity knocks.

If leadership really believes in a market-based culture, then they need to start offering a market-based reason for people to stay.

Morgan Stanley has reduced its workforce by 2,500 employees, signaling a significant shift towards efficiency and strategic adaptation on Wall Street. This move reflects a "wartime" mentality in the tech sector, driven by AI integration and economic uncertainties. The firm is re-evaluating technology spending and workforce dynamics to enhance productivity and manage costs. Investors are advised to focus on companies demonstrating strong AI-driven gains and disciplined cost management. This action suggests a broader trend of operational optimization across the financial industry.

New York, New York

https://www.kavout.com/market-lens/what-do-morgan-stanley-s-layoffs-signal-for-wall-street

Wells Fargo WARN notice says it’s coming soon. :(

Deeper employee cuts must be made, shareholders are not going to tolerate the stock price continuing to erode. Quickest way to recover short term is to cut headcount, Wall Street loves to see operating cost reduced.

H&M will be laying off 76 employees at its corporate office in New York City on September 4th. This decision is a part of a larger strategy to improve operational flexibility and efficiency within the company. The company acknowledged the significant impact of these changes on affected employees. H&M stated its commitment to providing support and resources during this transition period. This move reflects ongoing adjustments in the retail sector's corporate structures.

https://fashionista.com/2026/07/pirelli-calendar-2027-cast-concept-india

Music technology firm inMusic has reportedly laid off approximately 100 employees from its subsidiary, Native Instruments. These alleged job cuts have impacted all departments within the company. Native Instruments has declined to comment on the situation. This follows inMusic's acquisition of Native Instruments earlier this year. The company had previously entered preliminary insolvency proceedings.

https://musictech.com/news/industry/why-did-inmusic-lay-off-100-employees-from-native-instruments/

This is the last weekend until 7/27 when everyone who accepted the VSP finds out their last day. Starting Monday, it's going to be a reckoning for managers and PLs.when they find out how much of the work force is decreasing. I'm getting on that lifeboat before the Titanic sinks.

Comical how execs reposting today’s earnings — see Dan, “I’m a company man” please don’t fire me I knew all along you were great. Oh, I’m also an AI expert! Lol

With stock price getting down, there will be heavy push for AI driven automations every day pressuring employees to automate.

Note that once you automate your position is gone

Seriously, is Factset opening nee leadership positions for senior folks from Citi and JPMorgan? All these positions will cost 7 figures each, while we have constant layoffs.
BS’s email this morning had a byline for each of the new positions and it was nothing but fluff. Are we a just jobs program for old friends of BS and SV?

ORCL investors can't unload this POS fast enough, it closed for the week - barely above the 52 week low!!

Klaxon sirons should be going off for all investors and employees at this point. One thing is certain, however. The August layoff will be a bl**dbath!

Because of stock dilution

Can layoffs happen in a pay day week? I ask because there is a meeting for my group of about 80 people next week that is usually scheduled several weeks out. Instead, the invite showed up two business days before the meeting date. Upper management has already communicated a reduction in headcount due to the decline in workload. Curious if the meeting could be the layoff notification or maybe they are going to let us know when to expect the layoffs to begin? Do these Wells Fargo upper management folks typically give this kind of heads up?

I was hoping it would happen before the end of the month. I just want them to hurry up and make whatever decision they are going to make.

shutting down California's hot shots! Low volume! Go trump

If you work in the call center.. do not use AI call summarization. These tools flag your calls for review. They are trying to push people out on PIPs, leaving you without severance in this terrible job market. Don't believe the corporate lies. They do not give you AI tools to make your job easier, they give you AI tools to serve their agenda. Their Agenda: Outsource and Automate. We in the USA are all probably out of job soon, don't let it be without severance.

Union members in Pittsburgh rallied to protest recent layoffs and advocate for amendments to the city's Transit Revitalization Investment District Implementation Plan. The demonstration highlighted concerns about job security for service workers following construction projects. Protesters emphasized the need for sustainable, family-sustaining jobs in revitalized downtown areas. Amendments to the TRID plan aim to ensure building owners create plans for post-construction employment. The union aims to maintain Pittsburgh's identity as a union town.

Pittsburgh, Pennsylvania

https://www.wtae.com/article/downtown-pittsburgh-union-layoffs-trid-plan-protest/73256472

Harvard College has started implementing a significant restructuring that includes staff reductions and administrative consolidation. Employees were notified this week about changes to their roles, with some positions being eliminated. This overhaul is part of a broader effort to address a substantial structural deficit within the Faculty of Arts and Sciences. The changes aim to create a leaner and more responsive administrative structure. The full implementation of the new structure is expected before the fall semester begins.

Cambridge, Massachusetts

https://www.harvardmagazine.com/university-news/harvard-fas-layoffs-begin

Any reductions compared to the last time?

Ex-Verizon here. Seeing all these RIFs even after I left still hurts. And each time, I see people that I used to work with put on the open to work banner on LinkedIn.

I initially joined Verizon as part of an early in career development program right out of school around the COVID era. I quite liked the program at first, but as time moved on it really seemed like I wasn’t learning anything relevant that could be used outside of Verizon. Still quite glad for the opportunity, met some great people who helped a new kid find their feet in the working world. Though it probably was a silver lining when I got caught in one of the big RIFS a few years back, managed to land in a pretty good company after that.

For those who are still in the program, new grads who just joined, or those that graduated from VLDP/EIC, how is the program now? How is the management and mentorship? I can’t imagine morale being high with all these problems. For those that remember the old program, how much has changed? Hopefully it’s still going strong, but with all these issues it feels a bit hopeless, coming from someone on the outside.

Alphabet has significantly expanded its global workforce, adding nearly 12,000 employees in the past year. This hiring surge contrasts with widespread industry layoffs and reflects a strategic increase in investment in artificial intelligence and supporting infrastructure. The company reported strong financial performance, with revenue up 24% driven by cloud, advertising, and AI services. This growth is fueled by substantial capital expenditures aimed at AI data centers and advanced computing resources. Alphabet's strategy involves selective expansion in high-priority AI areas while reorganizing other business units.

Mountain View, California

https://www.tekedia.com/alphabet-expands-workforce-by-nearly-12000-as-ai-investment-accelerates-despite-industry-wide-layoffs/

PepsiCo has announced permanent job cuts affecting 184 warehouse employees at its Tulsa, Oklahoma facility. These separations are scheduled to commence on or around November 15. The company stated that all affected warehouse workers have been notified of the impending layoffs. While the warehouse operations will be significantly reduced, the remainder of the Tulsa production facility will continue to operate as normal. PepsiCo is offering redeployment opportunities and continuing wages and benefits through the final day of employment for affected staff.

Tulsa, Oklahoma

https://me.peoplemattersglobal.com/news/strategic-hr/pepsico-schedules-184-permanent-job-cuts-from-november-15-51030

Cutting jobs...

https://freeimage.host/i/COmajIt

Keep it classy, Leahy.

A new agreement has been reached between UPS and the Teamsters union regarding driver severance packages. This settlement resolves a conflict over a controversial voluntary buyout program. The deal limits the "Driver Choice Program" to 7,500 drivers nationwide, offering them $150,000 for early retirement. Buyouts will now be awarded based on seniority, prioritizing long-term employees. Union leaders stated the agreement protects workers and contract rights, while UPS affirmed it supports employees during operational changes.

Louisville, Kentucky

https://www.wdrb.com/news/business/ups-teamsters-union-reach-settlement-on-driver-severance-packages/article_5c3d580d-0787-49dc-bdd1-6ea3503ad594.html

As I read it, Q2 was strong. However, travel still restricted, rumblings about layoffs are still loud. What is going on?

Temco Logistics is ceasing its flatbed delivery services nationwide. This strategic shift will result in the closure of its Dallas facility. Consequently, 71 employees at this location will be laid off. The company aims to focus on its core box truck delivery operations. This decision impacts six distribution centers across the country.

Dallas, Texas

https://www.wfaa.com/article/news/local/discontinuing-flatbed-delivery-temco-logistics-ending-operations-at-dallas-center/287-1d438ad6-1dc5-430c-844b-83a98667e26c

Cuts in Engineering, and now office closures?
Austin, LA, and now Charlotte. What is happening in this company?

Layoffs and office closures are not the best signs for a “growth” company despite how CEO frames it.

The message should come from ELT/CEO …not head of facility/office manager.