#layoffs

https://www.freightwaves.com/news/new-maersk-shifts-socal-import-containers-to-up-from-bnsf

Layoffs on the horizon?

I am in senior leadership. We are being told that there will be a 20% reduction in total headcount. This will happen in waves to minimize any single organization from feeling they are targeted. Employees who stay will be told to take on additional responsibilities. This will give a false sense of security, which will lead to other rounds of layoffs.

H-1B visa holders are not receiving the buyout offers. They will be let go in much greater numbers. Their visa is tied to the job, so once they are out they only have 60 days to find new sponsorship or leave the country. Many of them are being pushed out in these reductions.

The job market will be saturated and many companies do not hire in high numbers in Q4. For the sake of your families I highly recommend reducing your output at Centene and going full time into the job search process. There is no such thing as being safe in this. Even if you make it past the firings you’ll be given more work and no promotion. By the time the company starts to normalize, newer employees will be brought in at much higher salaries.

Microsoft is reportedly preparing to cut thousands of jobs as early as next week. These layoffs could affect less than 2.5% of its total workforce. Xbox, sales, and consulting roles are expected to be impacted. This move follows a pattern of tech giants trimming traditional headcount. The timing aligns with Microsoft's fiscal year-end budget review.

https://invezz.com/ie/news/2026/07/01/microsoft-layoffs-loom-again-and-this-time-xbox-is-not-the-only-target/

From CNBC.com:
Similarly, IBM replaced its HR functions with AI that handled around 94% of routine requests but was unable to meet the other 6%, which included ethical dilemmas. IBM then announced plans to triple its U.S. entry-level hiring across all business units in 2026.

https://www.cnbc.com/2026/07/01/employers-who-laid-off-workers-for-ai-are-reversing-their-decisions.html

The Lincoln Trail Workforce Development Board received a three-year grant. This grant will assist nearly 300 workers affected by recent layoffs. Layoffs occurred at BlueOval SK, Akebono, Kentucky Cooperage, and Moveret. Funds will provide retraining, on-the-job-training, and support services. The program aims to help participants find stable, well-paying employment.

https://www.pmg-ky2.com/larue/news/grant-awarded-to-assist-dislocated-workers-impacted-by-layoffs/article_46b9114e-3f07-532b-9fc6-77fdaa42c0f0.html

Any word on the teams affected?

Robinhood is conducting layoffs. These job cuts are at its Silicon Valley headquarters. The layoffs impact engineers. Managers are also affected by the reductions. Employees across multiple departments face these changes.

https://www.bizjournals.com/sanfrancisco/news/2026/06/30/robinhood-layoffs-menlo-park-headquarters.html

https://www.wrtv.com/news/local-news/indiana-auto-systems-maker-to-shut-down-terre-haute-plant-cut-207-jobs

Today is the day where XOM lost an unbelievable amount of talent between our Australia friends moving to Woodside and the remainder of the Brits being made redundant. Sad day for us all and we will suffer the consequences long term. DWW should pay when something happens but hey this Merica so he will left holding his $100M fund and be left to retire happily whilst others pay the price

Wells Fargo is implementing further job reductions. The reductions affect its West Des Moines Jordan Creek campus. Forty-three individuals are losing their jobs. The effective date for these job losses is August 22. A total of 228 employees have been impacted at this location since February.

West Des Moines, Iowa

https://www.desmoinesregister.com/story/money/business/2026/06/30/wells-fargo-layoffs-west-des-moines-jobs/90756798007/

Paychex President and CEO John Gibson discussed the current labor market. He shared his insights with 'Mad Money' host Jim Cramer. Gibson stated he currently sees no signs of widespread layoffs. He also indicated no signs of an impending recession. His comments reflect a positive outlook on the economic situation.

https://www.cnbc.com/video/2026/06/30/i-see-no-signs-of-layoffs-or-recession-says-paychex-ceo.html

Great Southern Bank is closing nine branches and eliminating 66 jobs. Three of these branch closures are in the Springfield area. Affected locations include Springfield, Ozark, and Nixa, all set to close on October 1. Branches in Missouri, Arkansas, Iowa, and Kansas are impacted by these changes. The company stated these actions are part of routine business evaluations to match changing market dynamics.

Springfield, Missouri

https://sbj.net/stories/breaking-news-great-southern-to-close-9-branches-conduct-layoffs,104797

Many U.S. businesses anticipate job reductions in July. WARN filings indicate a more careful hiring trend. Technology, cloud services, and manufacturing firms are most affected. Companies cite automation, artificial intelligence, and efficiency as driving factors. The overall job market appears stable, yet growth is becoming uneven.

https://www.newsweek.com/list-of-companies-laying-off-employees-in-july-12128209

The continued restructuring appears likely to result in significant layoffs. My concern is that experienced leaders with valuable institutional knowledge are being replaced, increasing the risk of poor decision-making and execution. I hope leadership carefully considers the long-term impact on employees, customers, and the business.

Microsoft's Xbox division is preparing for another major round of layoffs. Up to five gaming studios face potential closure or spin-off. Compulsion Games, Double Fine, Ninja Theory, Arkane, and Undead Labs are reportedly at risk. Xbox Game Studios head Craig Duncan is also reportedly stepping down. These changes aim to improve the division's balance sheet amid industry pressures.

https://finance.yahoo.com/technology/articles/xbox-layoffs-coming-five-studios-191942396.html

Massachusetts experienced fewer biotech job cuts. This marks the lowest number since early 2024. Seven life sciences companies were affected. At least 346 positions were eliminated between April and June. Reasons included failed dr-g trials and FDA rejections.

https://www.bizjournals.com/boston/news/2026/07/01/mass-q2-2026-biotech-layoffs.html

This is what Centene is bracing for. We are already down in membership and this will definitely TANK the Medicaid LOB starting in January. Will the states be ready for this? What is the company doing to prepare for this change besides laying people off?

https://www.firstalert4.com/2026/06/30/democrats-half-states-sue-trump-administration-over-medicaid-work-rules/

Wisconsin businesses reported no job layoffs for the entire month of June. This marks the first time in three years without any layoff notices filed. The state's unemployment rate slightly decreased to 3.4% in May. Manufacturing, mining, logging, and construction sectors added 5,100 jobs. Overall state employment increased by over 4,000 workers from April to May.

https://www.jsonline.com/story/money/business/2026/07/01/no-wisconsin-businesses-report-layoffs-in-june-first-time-in-3-years/90738064007/

U.S. employers announced 45,849 job cuts in June. This total represents a 53% decrease from May's figures. Technology remained the leading sector for cuts, with 15,503 announced. Artificial Intelligence was the primary reason cited for 14,029 job cuts. Overall hiring plans for June also saw a decrease from the previous month.

https://www.challengergray.com/blog/challenger-report-june-layoffs-cool-to-45849-down-53-from-may-ai-leads-reasons-for-fourth-consecutive-month/

https://www.morningstar.com/news/dow-jones/202606306878/att-down-nearly-5-on-track-for-lowest-close-since-september-2024-data-talk

Our Free Cash Flow is heavily bleeding at negative $23.7 Billion because management is dumping $55.7 Billion straight into AI data centers. To balance headcount will drop 13% from 162,000 down to 145,000 and slowly reduce near 130K+.
You have few direct reports with VP, Dir, Snr. Dir, Mgr titles (or) in legacy divisions you might be the high target. QA's, Release engineering teams, Release managers pack your stuffs.
If your org is in re-skill zone, the leadership team can expect a heavy restructuring here.
I doubt Oracle has better pay or hike plans in near future till it resolves its debt.

6 months?

Wells Fargo cuts more jobs at West Des Moines campus https://share.google/Z0AuxadyuMISWTsmt

Is anyone else questioning the legitimacy of things we've been told about the VSP or our future here? I mean, with all the intentional ambiguity and gaslighting, I don't trust anything or anyone anymore.

What's up with the disclaimer in the offers that says "this is an estimate and can change"? How would it change? Hopefully, people aren't making decisions based on the numbers provided, only to find a significant gap when the money is dispersed.

http://techrights.org/n/2026/07/01/Microsoft_May_be_Losing_10_000_Workers_This_Month.shtml

Just gonna repost this here…
EH + ELT when you’re ready to talk legit strategy and not just reorgs hmu
I still stand by most of what I said btw and then some.

First, STOP WITH THE CONSULTANTS FOR OUR STRATEGY 👏🏼👏🏼👏🏼
They don’t know the business like we do. They don’t understand what has made Nike Nike.

Second, FOR THE LOVE OF ALL THINGS SACRED STOP CLOUT CHASING.
It’s honestly an embarrassment at this point. We bring people and companies on that have NOTHING to do with athletics or sport. Perfect example is the skims collab. The announcement of how Nike was partnering with skims because they had knowledge and understanding of the feminine form read (to me and many others I know who think the skims brand is mediocre at best) we don’t care about investing in ourselves and innovation for female athletes - we’d rather contract that out. Next this last drop literally looked like things I could buy at a dance studio. Nothing innovative. And the Travis collabs… cmon. He’s problematic and has nothing to do with sport. Who remembers his tantrum playing kickball during JDI day? I get that we are in the streetwear arena now but our athletic styles made it into streetwear without trying and without non-athlete celebrity collabs. One offs are great or if it’s someone who isn’t problematic a regular collection is cool. But let’s be smart.

Third, LISTEN TO THE EMPLOYEES and stop protecting leadership (and yes people).
Tech was screaming at the top of their lungs how bad RL was.. we’ve heard the allegations. Then comes MD, again, SCREAMING she didn’t know what she was doing. Lower level employees see a lot more of what’s working and not than leadership; or that’s what it feels like since they do nothing to improve anything.
Fourth, OMG LISTEN TO CONSUMERS (thought this would be obvious)
Everyone complains about how narrow our shoes are. I’ve heard some explanations about this saying elite athletes have narrow feet. My solution? Standard sizing that the average person can wear and elite sizing (our current fit). Imagine the marketing antics we could pull with that. Nike wasn’t built by everyone agreeing and falling in line. To expect us to thrive with a majority yes people is absurd, but we also need more focused on collaboration. One team, best team, team Nike.

Five, MARKETING WTF ARE YOU DOING. Our brand should be in alignment.
How tf did “Runners welcome. Walkers tolerated” pass through approvals?!?!!! Especially when one of core mottos/statements is “if you have a body, you’re an athlete.” Like are we inclusive and want everyone to make sport a daily habit, or shame people who are trying to be active? Alignment is key my guys and we can’t seem to pick a lane.

Six, WE NEED A BETTER FTE/ETW RATIO, not offshore all of tech and holy cow stop with the layoffs
We are literally always under investigation by the state for not having enough FTEs. Some ETW roles need to be converted, period. It’s not staff aug/special projects/SOWs/MSAs. It’s regular day in day out work that we are contracting out. Not just that the onboarding and offboarding costs (and the pain that that is).
I worked in GT. I do see the value in having ITC. However, I see bigger issues when the tech teams are working off hours. Tickets being closed because you don’t see their response in time because of the time difference. Tickets moving slowly because you can only send/receive one response per day. And it seems like with this shift changes have come down like, when an ETW converts creating an entirely new account for them (literally seems like they weren’t trained correctly or held accountable for this issue when for YEARS converting accounts wasn’t an issue).
Layoffs are bad. We do it to please wall street then have to ramp hiring back up or have to contract more work out. Not to mention the onboarding and offboarding costs associated. Plus these decisions are usually not made at Nike based on performance and it’s pretty evident.

Anyways EH let me know if you want to talk strategy cause I think I’ve got some great suggestions on correcting the ship.

Thanks for coming to my TEDTalk

The offshore contractors will start getting on boarded as Full time US Bank employees. That means layoffs starting August.

Tracking participants count #general Slack channel in Oracle One workspace, as the fastest available proxy indication of ongoing layoffs.

• jun01-jun30: 1723 reductions, 1299 additions, 152340 (-424) end count
• may01-may31: 2271 reductions, 942 additions, 152764 (-1329) end count
• apr01-apr30: 2286 reductions, 1583 additions, 154093 (-703) end count
• mar01-mar31: 12446 reductions, 844 additions, 154796 (-11602) end count
• feb01-feb28: 943 reductions, 1143 additions, 166398 (+200) end count
• jan01-jan31: 1604 reductions, 1834 additions, 166198 (+230) end count
• dec01-dec31: 1119 reductions, 844 additions, 165968 (-275) end count
• nov01-nov30: 1614 reductions, 1310 additions, 166243 (-304) end count
• oct01-oct31: 2498 reductions, 1768 additions, 166547 (-730) end count
• sep02-sep30: 6380 reductions, 861 additions, 167277 (-5519) end count
• aug14-sep01: 733 reductions (based on Slack very few data points), 172796 (-733) end count
• aug01-aug14: ?2900 reductions in IDC (based on media reports), 173529 (-2900) end count

Limitations of these stats are covered in detail in comments.
I will post daily in comments on the count change and running current month total.

There is a troll trying to impersonate me and post fake Slack stats; protection measures are covered in the first comment.
My public key used to prove identity: ssh-ed25519 AAAAC3NzaC1lZDI1NTE5AAAAIPh3BL62QOGXk95TzS980uSckZd1M5YPGqouR0iHWumB slack-stats

July 16 has been confirmed as a notification day. GN&T is expected to see significant reductions, with the WNO Operations Support team anticipated to be among the hardest hit. The anticipated changes follow longstanding project management challenges and leadership issues that have been building over time.

These targeted layoffs make it feel like its not really happening and also keep layoffs from being covered in the news. Is there any way to know how many people have actually been laid off this year?

..price increases, a new 52 week low stock price every day, sowing distrust among the employees, lack of leadership in the top 3 tiers, running the CFO off, sc--wing up the Firstnet. Did I miss anything? Is it even possible to perform more poorly?

Any details on move of fraud strategy over to ops? Layoffs? Consolidations? Climate in ops?

here we go again. IT is cutting jobs.

It’s gonna be bad my n - Dustin Poirier

what do you think would happen if our VSP application was denied, then we made it through the August cuts and then decided to take medical leave?

if they were to terminate your employment during that point, do you think there would be a case if there’s proof of denying the VSP?

I have a feeling I’m going to be held back and blocked from moving internally. I’d like to buy myself some time and I need a mental break.

Does anyone have any information on the expanded RTO plan for Optum for the remainder of 2026? I know there will be more layoffs and more jobs pushed into offices, but are there additional cities or states being targeted for RTO?

For those doing RTO, how many days do you actually go into the office? I’m guessing it’s less than 4 days per week.

Ideal US Talent Worker OpCo LLC announced layoffs affecting 9,891 remote gig workers. The job cuts affect staff in multiple U.S. states. The temporary staffing firm, based in Minnesota, is restructuring its worker operations. The company is moving its client agreements to another entity. Affected employees are encouraged to apply for positions with this new entity.

https://pbn.com/warn-notice-minnesota-staffing-firm-laying-off-2-r-i-employees/?amp=1

The University of Vermont Health system announced system-wide layoffs and service closures. 142 roles were eliminated, including 30 at Alice Hyde Medical Center and Champlain Valley Physicians Hospital. UVMH also intends to close the Adirondack Blood Donor Center on July 10. New York State Nurses Association (NYSNA) nurses are protesting these decisions. They demand UVMH save local healthcare services and negotiate a fair contract.

Plattsburgh, New York

https://suncommunitynews.com/news/126391/nysna-nurses-to-speak-out-today-about-blood-center-closure-and-contracts/

Oregon's Work Share program offers an alternative to traditional layoffs. The Oregon Employment Department administers this initiative for businesses. It allows companies to reduce staff hours while employees receive partial Unemployment Insurance benefits. Over 500 employers currently use the program to retain valuable teams. Employers are encouraged to apply proactively for this flexible option.

Salem, Oregon

https://ktvz.com/news/oregon-northwest/2026/06/30/oregons-work-share-program-offers-layoff-alternative-for-employers/