#layoffs

Does anyone know or from last round know this. If you take the severance, for example if I get paid out for 20 weeks, do I still qualify for six months unemployment or will it be six months minus the 20 weeks that Verizon paid me severance for?

They completely sc--wed up the decisions on the Customer Experience team. Many hardworking, genuine, and talented people were let go, while many boot-licking, useless, and incompetent people were left behind. I can’t wrap my head around it.

At the very least, leadership should have checked how many launches each team actually delivered during the calendar year before making these decisions.

The rest of us are now stuck working with these incompetent Digital Experience team who works on egos and not for Verizon.

A new state budget has provided crucial funding for Genesee County's prosecutor's office. This development averts the threat of layoffs for 32 employees. The funding supports a program aimed at adding staff to prosecutor offices in high-crime areas. This financial relief prevents a significant budget hole for the county. Employees can now expect continued employment without fear of job loss.

Flint, MI

https://www.mlive.com/news/2026/07/new-state-budget-funds-extra-genesee-county-prosecutors-shelves-potential-layoffs.html

Hi! Sorry to hear about more layoffs today. Those who were impacted can you share how the severance has been at your level? Both pay and equity? Thank you

Polygon Labs has announced a new round of layoffs as it finalizes its acquisition of Coinme. This move is part of a strategic shift to transform the company into a blockchain-enabled payments firm. The acquisition of Coinme and Sequence is central to the development of the Polygon Open Money Stack. These workforce reductions follow previous cuts made earlier in the year. The company aims to achieve profitability in 2027 through these strategic changes.

San Francisco, California

https://www.theblock.co/post/408625/polygon-labs-second-round-of-layoffs-2026-finalize-coinme-acquisition

Verizon is selling 274 retail locations as part of a restructuring effort. This move will also result in the layoff of approximately 500 corporate employees. These actions are expected to impact around 3,000 retail and corporate staff in total. Following the sale, Verizon will retain ownership of 1,000 stores. This follows previous job cuts announced by the company.

https://finance.yahoo.com/markets/stocks/articles/verizon-shed-274-stores-lay-160739807.html

After all these layoffs I might make a president's cabinet next year....

Oracle Stock Slides To 52-Week Low Amid AI Spending Fearshttps://www.investors.com/news/technology/oracle-stock-slump-open-ai/?src=A00220

Can't stop laughing !!

https://www.reuters.com/business/world-at-work/verizon-shed-274-stores-lay-off-another-500-corporate-employees-2026-07-16/

Hearing some pretty heavy rumors this week that a major downsizing is headed our way for the commercial aviation teams. Honestly, it looks like Starlink’s recent wins have completely eaten our lunch, and to make matters worse, our hybrid LEO/GEO antenna is apparently having consistent technical issues with no fix in sight. Since the team hasn't been able to secure any more funding to iron out those hardware bugs or land any new customer contracts, management's strategy is basically to cut the division down to a skeleton crew just to sustain what's left. Does anyone hear the same rumors?

Those on my team always manage to survive.

I see some „open to work” status from (already former) Oracle’s employees posted yesterday on Lkdn. How many were laid off?
Any update about Poland?

Anyone in CM ever been put on coaching for "failing" a SOFT audit? I truly think mgmt is trying to get us to quit or fire us for "not meeting expectations" before VSP takes effect. Centene has truly turned out to be a grimy place. I will spend the rest of my days encouraging people to avoid working here & avoid signing up for their plans.

https://www.reuters.com/business/world-at-work/verizon-shed-274-stores-lay-off-another-500-corporate-employees-2026-07-16/

https://www.reuters.com/business/world-at-work/verizon-shed-274-stores-lay-off-another-500-corporate-employees-2026-07-16/

Are we getting out now or riding it out and seeing what happens? Trying to decide if it’s better to jump ship now or wait and see if they clear house if/ when we are sold… maybe can get a severance that way but then will be competing with others looking for jobs at the same time

Seen this a hundred times. Massive layoffs, but useless mid manager and c-suites are mostly retained. No real stock value injection attempted.

It is a tired strategy, one used on so many brands in the past. The goal is not to bring the company back to its former glory. The goal eventually is to shop to other rising companies.

Verizon lost. T-Mobile handed us our hats.

Anyone in Value org , especially Miami folks git any update/ call. Are we all safe

https://newsroom.intel.com/artificial-intelligence/intel-google-cloud-announce-collaboration-to-accelerate-intel-ai-enabled-enterprise-transformation

Does that mean intel going to cut more people ?

For those affected by this site closure happening end of summer- whats your plan?
Going to city?
Looking for work elsewhere?
Already found something else and much happier where you are?
Retirees good for you congratulations 🎊 but this is directed toward those who cant retire yet. Thanks

Why can’t union reps get laid off seems unfair

You are only a number… don’t assume anything makes you safe. The current leadership has 1 priority… Slash and cut.. no master plan, no vision. the AI talk is all a cover to layoff and do stock buybacks.. Best of luck to all impacted today and the ones to come…

Please tell me I'm not the only one who finds this phrasing offensive? They're plastering this phrase on every corporate email like a proud child showing off their finger painting. I think it smacks of condescension from the higher ups. Like we're not taking our jobs seriously enough or working hard enough. Also, we don't "own" anything here as evidenced by the fact that they're cutting us loose at every available opportunity. You want buy-in from the employees? Give us job security and fair compensation and benefits, not patronizing emails.

Anyone in Value let go today?

Have any changes been made to severance? Can anybody who has been laid off share, please? I ask this each time and I know I'm probably being paranoid, but I always worry that they'll use any opportunity to further reduce the package, like they did several times before.

Supervisor said he has meeting 11-1230pm. We are in wireline… Cssc rep union . We are doomed

Citi logged about $800 million in severance expenses in the first half of the year and may set aside more for the second half, executives said Tuesday.
The New York-based lender had about 219,000 employees as of the second quarter, down about 5% from the year-earlier quarter (230,000 employees), and about 2% from the first quarter (224,000), according to a second-quarter earnings presentation.
“We may look at accelerating some of the structural efficiency actions and, in that case, take more severance in the second half,” Citi CFO Gonzalo Luchetti said during a conference call with analysts, declining to provide more detail. “If we see opportunities, we may do a bit more than we originally envisioned.”

I am wondering if we will have yet another year of zero raises.

I don't want to get too hopeful, but it seems these layoffs are above my paygrade, to put it like that.

Rumor of the next round aiming people leaders Sr Mgr, AD, SD, AVP, with less than 10 direct reports in September

From what iv been hearing it was a bloodbath yesterday... but I'm having trouble finding out details as to who, what, when, where and why? if anyone knows details please post below!

Its more like your position is not impacted it’s who you will be impacted. Happened to me

Now that I have your attention..,

IBM CEO Arvind Krishna tries to run a tight ship, but his legacy is famously marked by aggressive restructuring, massive stock plunges, and replacing human brains with AI.

Oh, Arvind Krishna sat in his chair,
With billions to make and a plan to prepare.
"Let’s fire some humans!" the CEO cried,"
And sweep our old mainframes all to the side!"

He gazed at the servers, the cloud, and the code,
While trimming the headcount along the dark road.
He aimed for the future with bright, shiny eyes,
But instead of a rocket, the stock took a dive!

He promised us Watson would cure every ill,
But the clients just yawned and refused the red pill.
When large deals all stalled at the end of the year,
He wrote us a letter confessing the fear:
“We failed to adapt, yes, we faltered quite fast,
And seventy billion just vanished at last!”

So here’s to the boss who replaced us with bots,
While hoarding his millions and tying in knots.
Just remember to breathe when your mainframe goes down,
And King Arvind smiles from his deep-learning crown.

what are the ways to deal with this if it hapened?

Anyone in the central time zone impacted yet? My nails are gone

Isn't it required by law?

It’s just a rumor; everything looks normal.