#layoffs

RIFs underway for McKesson Pharmacy Systems (EnterpriseRx), particularly in engineering. Most engineering to be outsourced overseas.

Dells market cap will be cut in half in the coming weeks. Nobody needs Dell anymore, take your energy polluting products to Mars

Hughes is bleeding people right now. Management bet that AI and industry layoffs would give them the upper hand, but the draconian policies are backfiring and the job market seems to be better than what people expected. And at this point, it doesn't seem like Charlie or Hamid care even.

There’s no better way to celebrate independence than at Verizon, a great American country that has granted independence to thousands of employees! From our former CEO, former President of Consumer Group, former CHRO, former Chief Communications officer, former President of GN&T, 2 former Presidents of VGS, 5k VSP takers, and 13k and counting riffed Vteamers - there’s no shortage of independence from Verizon to celebrate. We are a winning team, and I’m honored to follow such great leadership that powers and empowers the way we work, live and play as we play to win. Simple matters! Better matters! And we are truly the best. The results speak for themselves. Verizon is the very best of America. Proud to be VZ!

Why is that whenever I search for Randal Stephenson he has an ear to ear grin? He has a very big smile and laugh for someone who cost the company over $100 billion. Maybe he lives a very comfortable life after making nearly millions in executive compensation. It makes me just sick inside whenever I see a picture of him. I don’t mind the massive business blunders but just don’t be walking around with the cheekiest grin.

What is the point of keeping SVP+ ICs in high cost locations while full teams are being laid off ?

What is their exact contribution?

I think it's very possible that more people applied than what they anticipated.

imagine if the target was 8,000 eliminations and they received 12,000 applications... but of those 12,000 applications, only 3,000 were on the elimination list. they still need to cut the 5,000... so what do they do? maybe accept 1,000 of the VSPs and still have to cut 4,000...

now for those 8,000 VSP applications they have to reject? that's a LOT of pi---d off people who will probably be looking to leave. now they have to figure out how to retain those employees.

and for those 4,000 being cut... they will be upset too.

that is probably the clusterf*ck they have gotten themselves into.

July is about to be a headache for everyone.

The plan made by the leadership is insane. In the name of outsourcing to India, VZ is cutting jobs and restructuring work among the existing employees. In India, we have only a very, very limited number of team members, and even among them, many employees have been let go.

In order to protect my investment, I would prefer to see the decision makers replaced, than the workers, who deliver the revenue. I can get into debt myself, I don't need their help. I want them to report revenue!

It’s not what’s for dinner…... Shake up the company and bake the books. Still waiting for growth mode

Has anyone who was not a leader (band 5 or higher), actually been let go? I only know of leaders getting cut today - seems like the 16th will be for everyone else.

Next round of RIF this month, it will be huge impacting all big locations

it feels like we're being gaslit... as if we didn't hear what leadership said and read the program information and FAQs. I pulled the receipts.

quotes from Sarah's 6/15 Calling:

"we are sitting here today as a result of policy changes and market changes, program changes and strategic business decisions that we have made."

"when our membership shifts, we need to shift our organization accordingly. In plain terms, what that means is there will be CenTeamers who are impacted by some of the restructuring that we need to undertake in the near term."

"[The Voluntary Separation Program] is something that our people team has worked incredibly hard on... we felt it was really important in this moment as we were embarking on this restructuring, to give CenTeamers who, for whatever reason, may be ready to move on to their next chapter, or to continue to pursue our mission in a different way somewhere else, the ability to raise their hand and do that with some enhanced benefits."

"there will be a wave of restructuring, our goal is to notify any of the impacted CenTeamers by early August."

"my commitment to you as we go through these changes, both in the near term and whatever change comes as a part of Mission Simplify, is to be as transparent as possible."

• both in the near term AND whatever change comes as a part of Mission Simplify... that's not anxiety inducing at all*

Tanya's 6/15 Email:

"Today, we are announcing a Voluntary Separation Program (VSP) to provide a pathway for those employees who are ready to start their next chapter, as well as the hard news that following the VSP, some members of the CenTeam will be impacted by a wave of restructuring."

"the VSP is designed to provide eligible team members with choice."

Employee FAQs:

A1 What is the Voluntary Separation Program?
The Voluntary Separation Program is a program that provides eligible employees with the opportunity to apply to voluntarily leave Centene with some enhanced benefits.

A2 Why is Centene offering the VSP? And why now?
We have a responsibility to our customers and members to constantly evaluate whether we can deliver better outcomes more efficiently. At the same time, when our membership base shifts - whether because of policy changes or strategic business decisions - we must adjust our organization to match that membership. Combined, these factors mean we are entering a period of both reimagining and restructuring. So we are offering the VSP as part of our efforts to right-size our workforce.

• we are offering the VSP as part of our efforts to right-size our workforce*

A3 Will there also be job eliminations as part of an involuntary program?
Centene is offering the VSP now to proactively manage changes in the business while being transparent, remaining true to our culture and providing team members a voluntary option first, before considering other actions. Following the VSP, we do expect that we will need to make further restructuring decisions, and we will expect to notify anyone whose role is impacted by early August.

• we do expect that we will need to make further restructuring decisions*

Tanya's 7/1 Email:

"The Voluntary Separation Program is an opportunity for those employees who were already considering an exit from Centene for personal or professional reasons to do so with some enhanced benefits."

"We strongly suggest that you apply for the VSP only if you want to leave Centene."

in essence, they said what they said... we heard what they said, we listened to what they said... we are not d-mb. we know that MCR/MCD/MKT health insurance is going through a major change. we know the economy is not looking all that great...

so we were supposed to risk being cut with less money? we have seen people post on here that they received significantly less severance. we have families to feed, we need to keep a roof over our heads!! I have been with the organization for years, believe in our mission and planned to stay for many more years, but this is ridiculous...

Union members at United Videogame Workers-CWA established the Game Worker Hardship Fund. This fund provides financial support to game developers impacted by layoffs. It assists workers across the United States and Canada. Eligible applicants can request up to $5,000 for basic life expenses. The fund is financed by membership dues and an itch.io charity bundle.

https://www.gamedeveloper.com/business/union-workers-establish-hardship-fund-to-support-devs-impacted-by-layoffs

Has anyone been removed from their team and put on temporary assignment with no team or supervisor to report to since the VSP came out? Curious if people that have were already slated to be cut loose. Seems odd they would restructure before the VSPs are approved or denied.

Sad thing is, even knowing this round is over I can't truly relax or be happy I survived, since we all know there'll be more before the end of the year. Working with the constant threat of layoffs is not good for our health, mental or physical. Layoffs always happened, but they were occasional, not like now.

https://finance.yahoo.com/markets/stocks/articles/oppenheimer-downgrades-t-stock-spacex-221700914.html

We have been informed today that OB team located in Abu Dhabi is being moved to another hub so we all are let go :(

https://www.azcentral.com/story/money/business/jobs/2026/07/01/lucid-fedex-arizona-mass-layoffs-june-2026/90742044007/

So what exactly is going on big giant Eisp for all then for some.Then no Eisp everyone does everyone’s job.Now it’s entire groups titles get surpluses so they can eliminate your title and if you don’t go you become a universal tech.Sorry but they purposely wrote the contract in languages no one would understand with fine printer can’t see possibly invisible!!And I vote No every time to extensions for this reason you can’t tell who sold you out .One giant secret as always the Union can at any time spill some beans but nope fk this place .This prison sentences I committed myself to is almost over

Nike is undergoing a significant business restructuring. The company has ceased operations at its Fitness Studios. It consolidated tech offices, affecting around 1,400 employees. Nike also closed its prominent New York City retail location. These changes reflect a shift towards wholesale partnerships and away from its prior direct-to-consumer model.

https://www.thestreet.com/retail/nike-closes-stores-studios-and-its-flagship-location

Now they are a cloud company? HAHAHHAHAHAHHA! Who the heck would trust those momo's with enterprise workloads.

https://www.marketwatch.com/story/is-meta-giving-up-on-cutting-edge-ai-wall-street-is-divided-over-potential-cloud-pivot-7c5ffc5d

Sales got hit, rest of company will survive unscathed

It's over folks , rest easy

This extension isn't for you, this mass exodus just didn't fit their timeline. My guess is there will be a lot of rah-rah bullsh-t next week, and guilt tripping.

Do what's best for you, not the shareholders. Project Simplify isn't over, they just want you to forget about it right now.

Congo Brands is reducing its workforce. The company will cut 28 positions. These job reductions are at its Louisville headquarters. Business changes were cited as the reason for the layoffs. This action follows Celsius Holdings' acquisition of Alani Nu.

Louisville

https://www.bizjournals.com/louisville/news/2026/07/01/congo-brands-warn-notice.html

Amazon Web Services (AWS) employees were impacted by a large layoff round in early 2026. Amazon cut 16,000 corporate jobs, affecting AWS staff in the U.S. and Canada. Despite these reductions, AWS made significant advancements in artificial intelligence. The company secured major deals with Anthropic and OpenAI, investing billions in AI infrastructure. AWS also launched numerous new AI products and partner incentives this year.

Seattle, Washington

https://www.crn.com/news/cloud/2026/top-10-aws-news-stories-of-2026-openai-layoffs-and-ai-innovation

how can pals hold each other accountable? they cant. so the consultants who keep hiring their buddies to make a "strategy team" paid 3x what managers are paid can do whatever, rif whoever, and answer to no one with smirks and sarcasm. not new...like last cmo who brought in 4 MD leader pals from caremore. Its gross and cold. Remember yesterdays rifs pay for the next exec.

Ideal US Talent Systems Worker OpCo LLC laid off 776 employees in Virginia. These job cuts took effect on Wednesday, July 1. All affected individuals were gig workers averaging 3.6 hours weekly. The company is transitioning its customer contracts to a third-party partner. This firm also announced nearly 10,000 national layoffs.

Virginia

https://patch.com/virginia/across-va/massive-layoffs-va-take-effect-july-1-job-losses-climb

Associated Press plans to establish a new production hub in India. Executive Editor Julie Pace confirmed this move will likely lead to additional layoffs. The hub aims to scale both video and photo capabilities globally. This initiative is set to impact current U.S.-based production staff. AP previously laid off 20 U.S. journalists and offered buyouts earlier this year.

https://www.thewrap.com/media-platforms/journalism/ap-defends-layoffs-india-production-hub/

iHeartMedia has initiated widespread layoffs. These cuts impact its Columbus, Ohio, radio stations. Longtime hosts Chris Davis and Joe Kelly are departing. The company plans a new $50 million cost savings program. iHeartMedia also aims to scale its technology capabilities.

Columbus, Ohio

https://www.dispatch.com/story/entertainment/2026/07/01/columbus-radio-stations-iheartmedia-staff-layoffs/90755892007/

Jersey City Mayor James Solomon lowered a proposed property tax increase. The hike is now 15%, down from an initial 20%. Solomon warns that no increase would cause mass city layoffs. The city faces a $255 million budget deficit. City Council members will vote on the revised proposal soon.

Jersey City, New Jersey

https://www.cbsnews.com/newyork/news/jersey-city-property-tax-increase-james-solomon/

Ramp conducted a new study on AI adoption. The research focused on companies' spending habits. It revealed that high AI investment leads to more hiring. Companies are expanding their workforces, not reducing them. This finding challenges the perception of AI causing job cuts.

https://www.realclearmarkets.com/2026/07/02/ai_adoption_linked_to_more_hiring_not_layoffs_1192104.html

The Pioneer Valley region is experiencing multiple corporate layoffs impacting hundreds of workers. Coca-Cola laid off 175 employees in Northampton, with departures scheduled through November. Smithfield Packaged Meats Corp. cut 190 jobs at its Springfield plant, with some workers leaving by September. Innovative Care Partners released 70 staff members across three locations after losing significant funding. The MassHire Rapid Response team is actively providing support services to these affected individuals. The state has applied for a National Dislocated Worker Grant to help fund these assistance programs.

Springfield, MA

https://www.yahoo.com/news/us/articles/rash-layoffs-masshire-rapid-response-012924192.html

Samsung SDS America plans to cut 179 jobs. These positions are at its Ridgefield Park, New Jersey headquarters. The job reductions are set to begin on October 1. This move is connected to Samsung Electronics America vacating the campus. Samsung Electronics America is relocating its U.S. headquarters to Plano, Texas.

Ridgefield Park, New Jersey

https://www.nj.com/business/2026/07/tech-giant-to-lay-off-179-nj-workers-ahead-of-move-to-texas.html

WF had several major waves in July of recent years (considering the 60-day notice leading up to the 9/30 bonus eligibility date). Any inside scoop on the upcoming 7/7 and 7/21 layoffs? Anything different this year or it's just business as usual?

Cape Fear Valley Health announced workforce reductions this week. Approximately 200 positions are being eliminated. This includes 138 currently filled jobs. Declining federal reimbursements and rising healthcare costs drove the decision. The health system aims for long-term financial stability.

https://www.wral.com/news/local/cape-fear-valley-health-cuts-200-positions-july-2026/

The NBA eliminated dozens of jobs this week. This action reallocates resources toward key growth areas. These areas include NBA Europe and the local TV business. The league plans to make new strategic hires in these sectors. Impacted employees will receive severance and transition support.

https://www.sportsbusinessjournal.com/Articles/2026/07/01/nba-lays-off-dozens-as-it-shifts-focus-to-nba-europe-local-tv/

Researchers introduced new monthly data series for labor market separations. These series classify separations by reason and destination. The standard labor market model shows significant inaccuracies when confronted with this data. A revised model incorporating selective layoffs and random quits corrects these issues. This new framework alters the understanding of recessions and their welfare costs.

https://www.minneapolisfed.org/research/institute-working-papers/what-quits-and-layoffs-reveal-about-the-business-cycle

AFSCME members rallied against layoffs at Maryland public universities. They protested outside the University System of Maryland Board of Regents meeting in Baltimore. The University of Maryland-College Park announced 73 layoffs. Bowie State University also issued 21 layoff notices. AFSCME members demand the university system honor their contract for wage increases.

Baltimore, Maryland

https://afscme.org/blog/afscme-members-rally-against-largest-layoffs-in-recent-years-at-2-universities/