#layoffs

Reduce Internal Staff Excuse

Lots of floating discussions on upcoming layoffs.
Regardless few facts to consider even you survive ...

1. You are always on the chopping block just waiting for your time
2. Oracle is always a low-payer and during this transition its going to be worse
3. Promotions are going to be night mare
4. Ratings are also getting bad (Usually in Oracle we don't care ratings much. but now we do)
5. We stick with old technologies (POJO - Plain Old Java Only)
6. AI is driven at each org. but without heads and tails. You prepare an axe to cut yourself.
7. Favoritism and Bureaucracy sits at top.
8. Job hunting takes time even you survive now. So better start now
9. Managers are always not good. They might seem sweet to you now. What happens to your colleague can happen to you tomorrow. You are just a paper cup.
10. People come for signing the confluence papers and running the meetings. But they don't come for sharing your workload and pain.

One, two, Schulman’s coming for you
Three, four, assistants out the door
Five, six, AM jobs they nix
Seven, eight, roles they eliminate
Nine, ten, never manage again

I heard people are being impacted

• KPMG Australia is cutting nearly 400 jobs, affecting about 5% of its workforce, including 27 partners.
• Most job losses will fall within the firm's consulting and business services operations.
• The restructuring follows a whistleblower scandal involving allegations that confidential client information was misused by KPMG partners to help win new business.
• The controversy has damaged KPMG Australia's reputation and client trust and contributed to the loss of government contracts and increased regulatory scrutiny.
• KPMG Australia has also experienced a leadership shakeup, with senior executives departing while investigations into governance, ethics, and the whistleblower matter continue.
• Financial pressures are mounting: KPMG Australia's revenue reportedly fell around 1% in the financial year ending in June, while demand for some consulting and business-services roles weakened.
• KPMG plans to simplify its organizational structure, including changes to advisory and dealmaking operations, as part of a broader effort to rebuild the firm and improve efficiency.
• The firm says affected employees will receive practical and well-being support, but it has not ruled out further job cuts as internal and external reviews continue.
• The Australian cuts follow other major KPMG reductions, including roughly 400 US advisory jobs and hundreds of positions in the UK during the year.
• KPMG's restructuring reflects a broader global layoff trend, with companies across consulting and technology cutting staff because of restructuring, tougher business conditions, AI-driven changes, and—in KPMG Australia's case—the financial consequences of reputational damage.

Source:
https://www.youtube.com/watch?v=BmrGMoS5pBI

Been told OAL is too important to have any layoffs. Even if the Codex skills will automate all tasks, we will be safe unlike other teams.

Is it happening on 25th or are these again baseless rumours like 18th.
Although got to know from HR that it will happen in phases and the first batch of layoff will definitely be in August.

Oct layoffs are not far off. I am starting mega thread to keep us all in the loop. Keep the info flowing y'all. Spill the teas, spin up those rumour mills. Talk to your directors/VPs etc y'all, stir some pots, n share the news. Thank you y'all!

Heed my warning. To those in Audit Services, more layoffs and restructuring are coming.

Want to know why you were rewarded with gifts for getting audits done as quickly as possible last year? Want to know why you are conducting quick and easy testing under the guise of taking a "risk based approach"? Want to know why you were harassed (or dare I say threatened) to come in under hours and to falsify your time sheets if necessary? Want to know why they repeatedly told you that falsifying your time wouldn't come back to haunt you because no one is looking at utilization? Want to know why they moved several audits to an unheard of FOUR year cycle? It's not because they are trying to do the right thing. It's not because they are trying to protect our members. It's because leadership was told to make a case to lessen the amount of employees needed.

The newly announced operating model means there are still too many Audit Managers and staff. Trust me, they aren't done yet.

Email just went out saying all dfs sponsored
Employees below senior manager will be gone by next April

BP severance was “deselected” by BP but no new package received from Stonepeak yet.

Over the past week there have been appointments, a new hire and new role assignments as HT repositions leadership. This is typically the precursor to mass layoffs. The layoffs will be starting in 3-4 weeks and continuing right through the holidays. This is especially important at year-end so we can all get our enormous bonuses. Don't worry about us, we make tons of money and will have no problems providing our families with a very nice holiday season while you, the proletariat, will have to dip into savings, take early 401k distributions, drive rideshare to make ends meet and generally be in a very bad position financially until another opportunity comes along.
May the odds be ever in your favor.

The scale of U.S. Bank's India expansion may be much larger than most people here realize; this is more than just a traditional offshore call-center operation/IT Help.

In March 2026, Economic Times reported U.S. Bancorp was in talks for 650,000+ sq. ft. in Chennai. By May, BusinessLine reported Cognizant had pre-leased approximately 650,000 sq. ft. at Embassy Splendid TechZone for the U.S. Bancorp GCC, with the building expected to be delivered in June 2026.

Economic Times also reported U.S. Bancorp was evaluating another ~400,000 sq. ft. across Bengaluru and Hyderabad.

That's more than 1 MILLION square feet of office space in India.

Depending on office density and hybrid/shared seating, that kind of footprint could potentially support roughly 10,000+ employees. That's especially interesting given the recent post here claiming approximately 10,000 contractors are associated with U.S. Bank India and may eventually become U.S. Bank employees.

This isn't just U.S. Bank leasing an office in India and hiring people independently.

Indian business reporting has described a 'Build-Operate-Transfer (BOT)' model involving Cognizant for the Chennai GCC.

In simple terms, the model works something like this:

U.S. Bancorp → Cognizant → India GCC → eventually U.S. Bancorp India (yes it looks a bit like money laundering ironically)

Cognizant helps establish and initially operate the center — including infrastructure, staffing and operations — for U.S. Bancorp. Once the operation reaches the agreed stage, the capability/workforce can ultimately be transferred into a U.S. Bancorp-owned operation.

That relationship helps explain why Cognizant reportedly pre-leased the 650,000 sq. ft. Chennai facility for the U.S. Bancorp GCC, rather than the lease necessarily appearing directly under U.S. Bancorp's name.

Earlier Business Standard reporting said TCS, Wipro, Cognizant and ANSR had been involved in bidding to help U.S. Bancorp establish its Indian GCCs. The reported plan was for 3,000–5,000 U.S. Bancorp employees within five years, with Hyderabad becoming a wholly owned U.S. Bancorp center and Chennai initially operating through the BOT model.

So when people see “Cognizant” attached to the Chennai facility, that doesn't necessarily mean this is simply Cognizant outsourcing work for U.S. Bank indefinitely. The reported strategy is to build capability that can ultimately become part of U.S. Bancorp's own India organization.

This appears to be much more than a call center

That's probably the most important part of the story.

A Global Capability Center (GCC) is very different from the traditional offshore model where a bank simply sends customer-service calls or basic processing to a low-cost vendor. This is replacing the American Worker. The ones who built this bank.

Modern Indian GCCs can essentially function as extensions of a company's corporate organization, employing professionals in technology, software engineering, data/analytics, operations, risk, compliance, finance, product support and other specialized corporate functions. All before you know what is happening, and then when people finally understand, its too late.

The reporting around U.S. Bancorp specifically references technology, operations and analytics, while U.S. Bank's own India materials describe U.S. Bancorp India as supporting “core business functions” and “business-critical work.”

There are also U.S. Bank India job postings seeking experience building/scaling a GCC or shared-services operating model.

So the bigger question isn't whether another round of layoffs happens next week. It's what U.S. Bank's workforce is intended to look like 3-5 years from now.

Does anyone here actually have visibility into the India GCC strategy? If anyone has been involved in GCC planning, Cognizant/BOT discussions, hiring, transitions or moving work to India, what are you hearing?

I'm guess if you are, you're not going to risk that nice paycheck for outing yourself out on this forum since this is all close to the vest stuff and you'd be found out.

we’ve been told in the utilization review department in Medicare that we have too much staff but that’s OK because we’re all going to be trained on epic so too much staff right now is a good thing for coverage. That sounds like we will have layoffs of all the extra staff after epic is put in.really hoping they’ll be an early retirement package offer. Does anyone have any news?

It’s been a week or 2, I feel there is some due.

Microsoft gaming employees in Hunt Valley are calling on the multi-billion-dollar company to do the right thing following mass layoffs.

https://www.wmar2news.com/news/region/baltimore-county/hunt-valley-microsoft-gaming-employees-outraged-by-mass-layoffs

Every time they need to hit a number, they cut people. It's their only move.

Where do I even start? Management is terrible, culture is toxic, everyone's terrified of layoffs, performance reviews are a joke, technology is outdated, suggestions are ignored, nothing ever improves, managers are rude and inappropriate, processes don't exist, leadership is absent, cronyism is rampant, employees are unheard, and raises are insulting. That about covers it.

Just for now, of course. But it's something.

More pink slips are going out to workers at Wells Fargo.

The Iowa WARN website says an additional 14 workers will be laid off from the bank's West Des Moines campus effective October 17th.

A total of 322 Wells Fargo workers have been let go from the Des Moines metro so far this year.

https://whoradio.iheart.com/featured/who-radio-news/content/2026-08-24-more-layoffs-at-wells-fargos-west-des-moines-campus/

All they'll ever know is the mess Nike is right now. None of them will know the amazing company we joined decades ago that was on top of the list for so many people. With great pay, great benefits, amazing products, and making us feel proud to be part of it all. I miss those days.

The execs would love to run this place with zero employees, they just can't yet. But that's their goal. Not even India is safe from this. I can't wait for the AI bubble to burst and with it their dreams of bringing the actual workforce to a bare minimum. And it's only a matter of time before it happens.

We've got staff with no drive, broken management, layoffs of experienced people, and no growth path. Other than that, everything's fine.

Are we done with cuts for now or not?

Do we know anything or are we shockingly safe for the foreseeable future?

For years, Pure Storage was an also ran compared to XtremIO. Occasionally some disgruntled EMC/Dell employee would wind up there.
Now, I’m retired now, but I see a lot of former Dell employees announcing on Linked in that they are now with EverPure. Congrats and best of luck on a long career.

Any news on SMS layoffs?

The history of the CTO or CIO or CDIO or GDIO or whatever title they go by.
Ratnakar 2024-Present
Amish Patel 2023-2025
Anil Bhatt 2019-2021
Ed Smith 2018-2019
Tim Skeen 2017-2018
Tom Miller 2014-2018
Andrew Lang 2008-2013
And each one of them brings in their own cronies.  Then they stop what were doing and we start all over with their agendas.  We never finish anything.
Meanwhile, more and more RIF's happen in the lower ranks, while they all walk away or get fired and leave with their golden parachutes.

So I am currently at Cigna, Social worker role in medical department, our entire department is being let go as Cigna is exiting the IFP/Affordable Healthcare act market. I'm currently trying to beef up my private practice in hopes of going full time so I can avoid corporate world again- BUT I have noticed openings for BH roles at Aetna. I want to hear from anyone in the BH deparment- what's it like? outrageous caseload? toxic environment? poor management? Because Cigna BH department took a massive nose dive into he-l in the last year and there is nothing in the universe that would make me go back to the BH department of Cigna. I fear it's much the same at Aetna, but if I can't get my private practice to full time then I need to have a job.

150 service reps got fired nationwide on Friday, August 14.

Compared to this same time last year, everything is trending in the wrong direction:

• Customer Success output is way down — fewer courses built, slower turnaround, more backlog.
• IA/EA adoptions are noticeably lower across multiple disciplines.
• Salesforce closed business is so far behind that leadership is blaming “CRM hygiene” instead of acknowledging the real problem.
• Faculty frustration is rising — some are openly threatening to switch materials.
• Customer Success and reps are already exhausted, and it’s not even September.

We’re running back‑to‑school with a skeleton crew and a roll of duct tape. Org chart vacancies everywhere. New hires who don’t understand their roles or the workflows they’re supposed to support. Experienced colleagues continuing to exit, and many who remain are actively looking for new careers.

And here’s the part leadership won’t say out loud:

This is NOT what Apollo wanted heading into an IPO.
Apollo expected a clean, stable, predictable back‑to‑school season — something they could point to when selling the story to Wall Street. Instead, they’re getting:

collapsing workflows
missed in‑stock dates
angry faculty
exhausted teams
shrinking adoption pipelines
declining IA/EA momentum
internal confusion about roles, ownership, and accountability

This is the opposite of “IPO‑ready.”

And it all ties back to the May 1st reorg.
The May 1st reorg removed the last wave of people who actually understood Higher Ed The people who stabilized operations, built courses correctly, managed timelines, and kept faculty relationships intact.

In their place, leadership installed a structure full of:

• inexperienced managers
• unclear roles
• pods stretched across institutions
• Customer Success teams drowning in work
• reps covering territories that make no sense
• workflows patched together with duct tape

The May 1st reorg wasn’t a “reset.”
It was a detonation, and we’re living in the blast radius.

Apollo wanted a clean runway to an IPO. Instead, they got a back‑to‑school season that looks like a controlled crash.

Employees can see it.
Faculty can feel it.
Customers are talking about it.
And the numbers reflect it.

This isn’t “a tough year.”
It’s a disaster, one created by leadership decisions that gutted the last of the real industry talent right before the busiest stretch of the year.

If Apollo thought the May 1st reorg would make Cengage look stronger heading into an IPO, they’re now seeing the truth:

You can’t cut your way to stability.
You can’t reorganize your way to expertise.
And you can’t IPO your way out of operational collapse.

Well, here we are. Last week of August. If anyone is affected this week, or hears of other people/departments/regions affected, let's post it here and use this thread to keep each other in the loop. Good luck everyone, whether you want to be made redundant or you want to stay, wishing you the best.

everything InfoSys touches s*ck and causes more layoffs. why not just sell the company to Indians?

Do you think tomorrow is the day? I’m so tired of being anxious all the time. I’m having nightmares of getting laid off at nights. It’s draining my soul.

wondering if corp tech in nyc is effected tomorrow.

I’m considering contacting a lawyer over being laid off. Would it be worth it?

I’ve heard from M4 they plan to layoff a dozen engineers, 2-3 project managers, 1-2 managers, sales and QA. This in addition to reducing other types of resources already announced. IDC, EU and NA

The leadership that has been running the company to the ground for several years has decided the failures aren’t due to their own choices — not the years spent pulling engineers away from innovation to chase a commodity PC chip, not the fixation on edge AI while the entire industry moved toward datacenter AI, and not the pattern of entering mature markets long after everyone else.

They never prioritize, never take responsibility, and always look for someone beneath them to blame.

Now they’ve concluded that the real problem is the workforce. Their “solution” is to push out hardworking people and replace them with new hires from the industry, buying themselves another 3–4 years of insulation while nothing fundamentally changes. Because the core issue is them.

And this is the only company where one individual simultaneously controls the financial decisions, the operational direction, the business strategy, and the sales pipeline — all concentrated in a single seat, right next to the CEO. There is no separation of responsibility, no checks and balances, no accountability. When one person holds every lever, failure has nowhere to go but downward.

By 2029, when shareholders start asking why the promises remain unfulfilled, they’ll either quietly exit or invent another cycle of excuses.

Meanwhile, countless careers and families will be disrupted — while the same leadership circle continues to thrive, untouched by the consequences they created.