#layoffs

"Form 8-K is a mandatory current report filed by U.S. publicly traded companies with the Securities and Exchange Commission (SEC) to disclose significant, unscheduled corporate events. Companies generally have four business days from the occurrence of a material event to file this form, ensuring investors receive timely updates between annual (10-K) and quarterly (10-Q) reports. "

It was filed yesterday:
https://www.sec.gov/Archives/edgar/data/51143/000005114326000077/ibm-20260722.htm
https://www.ibm.com/investor/financial-reporting

Not sure if this means more bad news is coming or if this was them filing something about the 2Q Earnings that took 25% of the stock. Examples I was given of things that a 8-K is for is a C-suite quitting or being removed, bankruptcy, or the loss of a significant large contract.

This place is on life support and has been for a while, and management keeps unplugging the machines. I've watched entire departments vanish, and the work just gets dumped on whoever's left. The collapse won't be dramatic - it'll be a slow, painful death by attrition.

I asked our newest hire why she joined despite so much bad press surrounding Verizon and cuts. She said the recruiter was really persuasive and she needed a job fast. Not even a month in, she's already updating her LinkedIn. I'd like to laugh, but than again, I'm also stuck here so it's not that funny.

So many rounds of layoffs in just the last 12 months and zero strategic vision, nothing but cost-cutting bandaids. I've watched talented people walk and mediocre ones get promoted, absolutely no logic behind it. My job search started last week, and I'm not looking back.

Strong earnings streak, stock up, that probably means we should consider ourselves safe for now because Dell would never lay off employees amid great results, right? Right? (Yes, I'm being sarcastic, in case it's not painfully obvious.)

Happened earlier in July but apparently was largely overlooked and then quickly buried by AK's pre-emptive stock warning.

https://www.bloomberg.com/news/articles/2026-07-09/starbucks-taps-ai-to-reduce-reliance-on-microsoft-ibm-software

By Daniela Sirtori and Brody Ford |
July 9, 2026 at 5:15 AM CDT
Updated on July 9, 2026 at 8:31 AM CDT

• Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp.
• The coffee chain is building alternatives to a Microsoft system that tracks inventory and an IBM tool that manages maintenance, according to an internal presentation reviewed by Bloomberg News.
• Starbucks spends about $400 million a year on software alone, and building in-house software can be cheaper, an incentive for the company, which is looking to cut costs as part of a broader turnaround effort.

Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp.

The coffee chain is building alternatives to a Microsoft system that tracks inventory and an IBM tool that manages maintenance, according to an internal presentation reviewed by Bloomberg News. Some of the Starbucks-developed software could roll out by the end of next year, pending the results of testing.

For years, businesses were tethered to their technology vendors due to fear of business disruption and the complexity of building in-house tools. Now AI is shifting that calculus as it makes it easier to develop applications from scratch and as companies push workers to use the technology.

Leading software companies face mounting concerns about whether they’ll be able to fend off competition from products built by upstarts, or their own customers, using AI. This phenomenon has weighed on software stocks this year, with Microsoft and IBM both trailing the S&P 500.

Shares of both companies fell during trading on Thursday, with Microsoft down 2.4% and IBM sinking 5.2% at 9:30 a.m. in New York.

Starbucks spends about $400 million a year on software alone, Chief Technology Officer Anand Varadarajan told workers in an internal forum earlier this year. “There’s clear opportunities to reduce the spend in software,” Varadarajan said, according to a recording of the meeting reviewed by Bloomberg News.

In-house software can be cheaper, an incentive for companies such as Starbucks, which is looking to cut $2 billion in costs as part of a broader turnaround effort. Though in the long run, building can lead a company to pay higher maintenance and labor costs.

When it comes to technology, the company is reviewing “every contract and service,” according to the presentation. In some cases, that includes building products to replace software that its engineers have to heavily tailor anyway.

Starbucks has been working for several years on building a point-of-sale system that would take the place of Oracle Simphony, according to people familiar with the matter who weren’t authorized to speak publicly.

The coffee chain declined to comment. In a blog post earlier this year, the company said AI and other technology advancements will support its long-term growth and free up baristas to focus more on customer service.

Spokespeople for Microsoft, IBM, and Oracle didn’t provide comment.

AI-assisted coding was key to developing the platform that could replace the IBM tool, according to the internal presentation. Starbucks has been pushing tech workers to use artificial intelligence, even factoring usage into their bonuses, Bloomberg News has reported.

There’s skepticism about how much, or how quickly, AI can speed up and automate work. Starbucks recently pulled an AI-powered system to track inventory at stores, reverting to manual counting. It also continues to use software from third-party vendors, including from companies such as Microsoft.

The Starbucks enterprise technology team is on track to reduce its budget by about $30 million in the fiscal year ending in late September, according to the internal presentation. That includes cutting about $10 million in software spending.

Another $13 million will be saved mostly by cutting back on contractors from professional services firms and backfilling some roles with its own staff. Starbucks is setting up offices in Nashville and India that will house some tech workers, while others will remain at its Seattle headquarters. The company has cut about 2,300 jobs since February of last year, including many in tech.

When do we really need to fix the leadershit at this shitTel place to save employee layoffs ?

I am really tired and sick of this

Use this thread for the layoffs on July 30th

head of growth and generosity leaving company, not being replaced. a bunch of people promoted from VP to SVP. in same email, layoffs announced. said this was done in the name of cost reduction yet with all the big title promotions, were there any real dollars saved? it's so tasteless to be rah rah let's celebrate promotions and then tell people they lost their jobs all in the same day.

I am confused about our layoff approach - after all, do we have Monthly, Quarterly or Annual layoffs?

Several colleagues hit with 'company wide' rifs yesterday and today. Tomorrow last day. Rifs are a fact at broadcom, even when it's not needed.

A significant chunk of the team is gone and seems like a common pattern is that they took a healthy amount of PTO in general. A colleague also barely took PTO but was recently forced by their manager to take leaves and maintain good balance and they did, and were laid off now. Almost all of them took a long time off summer.

Any similar pattern in your teams? Feeling worried and more hesitant to take PTO now after this. Was planning a visit to see family but thinking of cancelling it now.

More layoffs at VF and The North Face today.

Heard that teams are being limited on their AI spend due to extreme costs by some dev groups. Like $100 per month limit is what we were told, but don't know that for sure. Anybody else have more details on this shiz show?

Hahahahaha...AI is so great; let's get rid of people! Oh no, it costs too much; let's limit it but not hire anyone back! Eddie Jones should have just stuck with treating it's underpaid people nicely and letting everybody be happy the way things were before all this reimagined cr@p!

Sell your stocks and take some rests for a nice vacation. Let LBT do your works

The enterprise software company Monday.com is reducing its global workforce by approximately 20%. This significant layoff is attributed to a strategic shift towards an "AI-driven growth strategy" and a new AI Work Platform. The company aims to create a flatter organization with more autonomous teams to compete in this evolving market. While reducing staff, Monday.com also plans to continue hiring in key focus areas. The co-CEO emphasized that the decision was not for cost reduction or to replace employees with AI.

New York, New York

https://www.businessinsider.com/monday-com-layoffs-ai-growth-strategy-2026-7

Eight Howard Stern Show employees were highlighted in a recent Instagram post, seemingly confirming their continued employment. This comes shortly after reports of significant layoffs affecting a dozen other staff members. The show is also transitioning to one live broadcast per week starting this fall. Several individuals were named in the post, while others confirmed their departures via social media. Stern recently renewed his contract for an additional three years.

New York, New York

https://www.yahoo.com/entertainment/videos/eight-howard-stern-show-employees-114927173.html

Verizon is discontinuing its customer support forum, a platform that has been active for 18 years. This decision follows recent significant layoffs within the company. The carrier is increasingly integrating artificial intelligence into its operations to streamline services. Customers can still access support through the My Verizon App and the company's website. The forum will officially cease operations on August 18th.

New York, New York

https://www.thestreet.com/retail/verizon-community-forum-shuts-down-after-layoffs

I have to admit I’ve been feeling a little guilty about spending too much time day trading PSX and talking to recruiters for other companies. But then I heard about the ELT’s trip to Aspen and all the other cr-p that they pull. Nothing is too good for them.
Now I don’t feel guilty at all.

The video game industry continues to see significant layoffs, with contract workers now facing even greater instability. Many contractors work for low wages with few benefits, often serving as a crucial part of development teams. Companies are increasingly cutting contract labor to manage budgets, leading to a flooded job market. This trend is exacerbated by the adoption of machine translation and concerns about AI replacing human roles. The precarious nature of contract work is leaving many talented individuals questioning their future in the industry.

San Francisco, California

https://kotaku.com/amidst-mass-layoffs-contract-workers-devastated-video-games-2000718416

The technology sector is experiencing significant layoffs as companies adapt to advancements in artificial intelligence. Oracle, in particular, has made substantial workforce reductions, cutting 21,000 jobs over the past year. Many companies cite AI integration and a need for restructuring as primary drivers for these employment changes. California has launched a tool to track AI's impact on the workforce in response to these trends. The rate of layoffs in tech appears to be accelerating compared to the previous year.

https://tech.yahoo.com/general/article/tech-layoffs-tracker-2026-all-of-the-current-job-losses-across-mondaycom-oracle-meta-microsoft-samsung-and-others-144545528.html

IBM missed every major tech revolution from PCs to AI, shrinking to a $200 billion market cap while private OpenAI is valued at $900 billion.

IBM, which has been poorly run for decades, is on the ropes. The company has had plenty of practice managing decline. When it warned about its earnings a week ago, the stock dropped over 20%. It is down 30% for the year, while the S&P is up 9%. The picture is even bleaker from another vantage point: in early June, the stock changed hands at $329, but it trades at very slightly better than $200 now.

https://247wallst.com/investing/2026/07/23/ibm-is-the-worlds-worst-big-tech-company/

It really stings that it was immediately following the earnings call where all the top brass was smiling and sharing vacation plans

Transform Warehouse Operations, LLC will close its Falls Township facility in September. This closure will result in the layoff of 147 employees. The 2.2 million-square-foot warehouse is located at 1 Kresge Road in Fairless Hills. The company has other facilities in California, Florida, and Kansas. The warehouse was previously used by Kmart and Sears.

Fairless Hills, Pennsylvania

https://patch.com/pennsylvania/levittown/147-layoffs-coming-lower-bucks-co-warehouse-closure

Southwest Airlines reported second-quarter earnings that surpassed expectations. However, the company is experiencing significant pressure from increased fuel costs. This financial strain is leading to discussions about potential workforce reductions. An announcement regarding layoffs is anticipated soon. The airline is navigating a challenging economic environment.

Dallas, Texas

https://www.cbsnews.com/texas/video/southwest-may-announce-layoffs-thursday-after-earnings-report-spike-in-fuel-cost/

U.S. unemployment aid applications fell to 187,000 last week, the lowest since 1969. This indicates historically low layoff numbers despite global economic uncertainty. Analysts expected higher filings, but the Labor Department reported a significant decrease. Weekly jobless claims serve as a key indicator of the job market's health. The strong labor market persists despite rising oil prices and geopolitical tensions.

Washington, D.C.

https://www.kiro7.com/news/business/us-filings/KYEZ363Q5Q64ZFANTOCWDC6SPA/?outputType=amp

Music production platform Splice has confirmed a strategic restructuring that includes staff layoffs. The company stated these changes are intended to increase focus and agility. Splice is reallocating investments to better serve creators. They expressed gratitude to departing employees for their contributions. The goal is to build next-generation tools for musicians.

New York, NY

https://musictech.com/news/music/splice-confirms-staff-layoffs-and-restructuring/

A recent analysis reveals that major tech companies like Oracle, Amazon, Cloudflare, and Block have cited artificial intelligence in their layoff announcements. However, the underlying reasons for these workforce reductions differ significantly among them. Some companies are reallocating funds towards AI infrastructure, while others are simplifying organizational structures or undergoing direct AI-driven restructuring. The research suggests that many of these layoffs are preemptive cost-saving measures to finance AI development rather than direct job replacements by automation. This divergence in explanations has implications for how HR communicates these changes to employees and stakeholders.

https://hrexecutive.com/four-big-name-ai-layoffs-four-different-explanations/

Why are these execs so delusional? The message could not be more clear: pump all your data into our systems so our AI and India teams can cut your jobs. Also, get your a-s in an office even if that means you're staring at a wall.

Cut the execs, watch us perform better without them.

Major US wide layoffs occuring in every industry! The ai displacement is happeneing!

Big big ai layoffs coming the rest of the year as companies push for huge ai adoption. This is global as companies are going in big with AI. This is scary stuff!

RTO?
Outsourcing to India??
OVERALL CULTURE?
LAY OFFS?
ANGRY STAKEHOLDERS??!?

Whats on everyones cards lol

What stock price are you guys predicting after earnings ), stocks are already going down

We are exiting end of the year. I am thinking one of many more to come. Anyone know how many members and employees we have in LA?

Ten percent of customer service operations division gone.

This sounds more like regular surgical cuts that always happen than a major round.

I’m hearing the whispers of an EISP around August 10!!Sounds like an across the board offer.Nothing special just the regular EISP.But sounds like no restrictions

https://oilprice.com/Energy/Crude-Oil/Oil-and-Gas-Employment-Hits-a-2026-Low-Even-as-Production-Sets-Records.html
When did they announce these 9000 layoffs? Where are they? Nothing is mentioned in the meetings they have.
Good luck to those affected.

America's existing layoff safety nets, including unemployment insurance and outplacement services, are ill-equipped for AI-driven job displacement. These systems were designed for a different economic era with cyclical, blue-collar layoffs and shorter unemployment periods. Current unemployment insurance trust funds are underfunded, and outplacement services often lack accountability for actual job placement or skill development. Federal reemployment programs also de-prioritize mid-career professionals, leaving them underserved. HR leaders must proactively adapt these systems to support workers through the coming economic shifts.

https://hrexecutive.com/americas-layoff-safety-net-was-built-for-a-different-economy-and-ai-is-about-to-break-it/