#layoffs

Pre Dan, VZ was around $39 bucks for a few years. AI Dan promised that with Operational efficiency + layoffs + AI , VZ would be at $70 and be trading at similar multiples to AT&T and T-Mobile. Instead, we seem to meandering along in the mid 40s.

Hello, as the BNY People Leader and member of the BNY Executive Committee, there are many posts on this forum the scream loudly for executive leadership attention. People concerns for accountability and transparency on topics related to business transformation and responsible leadership, stewardship of Human Resources and governance. While this forum is outside of PeakOn surveys and other formal feedback mechanisms, the readership here would like to have honest dialogue with you and your peers about company behaviors that have created a beyond toxic workplace environment with restrictive RTO policies, forced and falsified performance ratings, a constant cycle of fear and doom related to real estate closures, layoffs, consolidations, offshoring, onshoring, H1B visas, short staffing, reductions in force, staffing shortages within key departments, offshoring of entire job families, the continued buildup of Pune as the largest growth location within BNY, voracious cost cutting, ageism, forced and voluntary terminations, lack of severance, lawsuits, concerns about WARN Act circumvention, USA EEOC complaints, false optics and disclosure issues, etc., etc.. Should you and your staff be interested in reviewing and addressing my employee feedback beyond retributive PeakOn surveys, we would strongly encourage your direct involvement and attention. You and your EC colleagues are choosing to remain silent on all of these topics while ignoring company bylaws. Please come out… come out wherever you are!!!

An article came out stating procurement and supply chain are being combined under one group now. We all know that this means more roles will be eliminated in the U.S. and outsourced to GCC in Mexico.

Lot of layoffs at Lightpath last week. Mostly from Sales.

I laughed out loud when I watched KC's video message last week saying SF is now decided to slow the rollout of the Agent contract changes. Just another evidence of the incompetence of this executive leadership team. Sounds like someone didn't do their homework or anticipate how badly agents were getting sc--wed. #eggonface

I really thought centene was a great company when I joined. I thought I had a pretty solid team with great leadership. Only to find out it was all a facade. My leadership still refuses to address this issue with empathy towards the team. The director doesn’t seem to gaf about the team and their well being and neither does any of the leaders under her. They should focus on replacing all of management and irrelevant positions. I need them to hurry up and let me go if that’s what they want to do so I can collect unemployment. I have zero desire to do any work and to top it off, every single teammate is disgruntled leaving all their work for others to do…. Job hunting has been an utter nightmare and staying positive is beginning to take a toll. Sorry for the venting this is just terrible. I’m so disappointed in my leadership team and their lack of concern or empathy for their team.

https://www.inc.com/georgia-fearn/63-percent-of-workers-from-this-group-do-not-file-for-unemployment-benefits-heres-why/91361014

The logistics and freight sector continues to experience significant distress. Hundreds of warehouse workers in Indiana are facing imminent layoffs. Humano LLC and SIMOS announced over 1,100 job cuts at an Avon facility. Ryder Integrated Logistics also reported 76 layoffs in Plainfield, Indiana. Multiple small trucking and warehousing companies recently filed for bankruptcy protection.

Avon, Indiana

https://www.freightwaves.com/news/freight-distress-report-warehouse-cuts-mount-trucking-bankruptcies-continue

Lucid Motors announced 705 positions eliminated in Arizona. The majority of these cuts affect its Casa Grande factory. This represents an 18% cut to its overall US staff. The company will remove a second production shift. The cuts aim to match output with market demand.

Casa Grande, Arizona

https://eletric-vehicles.com/lucid/lucid-says-705-workers-affected-at-arizona-plant-in-layoff-breakdown/

HC&D is a concrete contractor. The company is based in Hawaii. It plans to close its Maui quarry. This closure will happen this summer. Dozens of layoffs could result from this action.

Maui, Hawaii

https://www.bizjournals.com/pacific/news/2026/06/25/hcd-closes-maui-quarry.html

W South Beach & Residences will end its Marriott affiliation. The property will close for renovations on August 20. This transition will result in 337 permanent employee terminations. The layoffs are effective August 19. Reuben Brothers acquired the hotel in 2024 and plans significant upgrades.

Miami Beach, Florida

https://www.hoteldive.com/news/w-south-beach-miami-closure-layoffs-renovation/823752/

Sonos recently implemented a new round of workforce reductions. The company cut 3% of its staff across several teams. Affected departments included user experience, product, and design. This follows an earlier round of layoffs in April. Sonos aims to streamline operations and improve efficiency.

Santa Barbara, California

https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/sonos-cuts-3-staff-across-user-experience-product-teams

There were rumors about cuts at the start of July, is that happening?

Boston Public Schools notified hundreds of teachers and classroom aides about potential job losses. Over 500 newer teachers and 102 paraprofessionals received non-renewal notices. These reductions stem from a $53 million budget shortfall and declining enrollment. The School Committee approved a $1.7 billion budget eliminating nearly 570 positions. Layoffs are based on seniority, likely impacting newer educators and teachers of color.

Boston, Massachusetts

https://www.bostonglobe.com/2026/06/29/metro/boston-teachers-union-warns-of-job-losses-amid-budget-cuts/

The U.S. Food and Dr-g Administration (USFDA) is authorized to hire 2,200 new staff. This follows the agency cutting over 3,000 employees last year. The job reductions had raised concerns about the FDA's dr-g review capacity. Approximately 600 new employees are currently onboarding, with some already started. Officials report improving staff morale and reduced attrition rates.

https://medicaldialogues.in/news/industry/pharma/usfda-to-hire-2200-staff-after-major-layoffs-steps-up-dr-g-review-capacity-173788

Nothing happening this week or next, company is moving forward preparing for kick off , no layoffs

476 sm. Was fired for favoritism
Time cards didn’t match schedule.
Some didn’t clock out for lunches and were paid

Very inconsistent when it came to time and attendance, some warnings deleted others were reprimanded for being late.

Anyway, 476 got the boot after several excel line complaints

https://www.crn.com/news/software/2026/cisco-to-lay-off-471-workers-in-california-software-engineers-hit-hardest

A ton of WFR, Boise closing, early retirement packages.... anyone know if they still will do more layoffs this year? Side note.... who else thinks Enterprise Operations is totally a top heavy organization with all new ELT who don't know what they're doing?

Don't know what got into our organization lately. They're moving all the leads into completely unfamiliar areas instead of letting them work on what they know best. The whole org just feels more and more chaotic. It feels like leadership has turned everything upside down. More people are leaving on their own, and layoffs keep happening too. I honestly don't know what management is thinking. Almost everyone in the org is disappointed with all these changes. Nobody seems to understand why they're doing this, but at the same time, it feels like if you push back or question anything, you're just putting a target on your back.

Anyone have any idea why this is happening? Forcing people to quit doesn't seem realistic, and if they keep laying people off, there won't be anyone left to do the work. The whole org is going to literally fall apart.

Assume all employees were laid off, and only the manager remains. As a result, no significant work can be carried out.

Ford executives said they have hired 350 veteran engineers — some of them were former employees, while others had been working at suppliers — after artificial intelligence and automated systems failed to deliver the desired quality level.

Bloomberg reports the company’s chief operating officer Kumar Galhotra told journalists that Ford had been “relying more and more on automated quality systems” with disappointing results. So the company “brought back technical specialists,” and those specialists “hunt for failure points before a part ever reaches the plant floor.”

Charles Po-n, Ford’s vice president of vehicle hardware engineering, added, “Mistakenly we thought that by just introducing artificial intelligence and ingesting the design requirements that we had, that that would produce a high-quality product.”

To be clear, this doesn’t mean Ford is abandoning its AI plans entirely. Instead, it’s using the rehired employees — referred to as “gray beard” engineers — to train younger staff and reprogram AI tools.

This rehiring seems to be paying off, resulting in what Ford CEO Jim Farley said are things like lowered warranty and recall costs, “contributing to literally hundreds and hundreds of millions of dollars of a tailwind for Ford on cost.” The automaker also claimed the top spot among mainstream brands in the JD Power Initial Quality Survey released this week.

So I been debating on writing this post all weekend. On Friday my team received updated information from our supervision team regarding what to expect, that they are willing to release that is. This information included that all VSP will be accepted, outside of those that cannot be due to "company needs" (whatever that means). That the expected member loss numbers for the coming year are to be between 100k-200k. That after they review the VSP that they will then re-evaluate the needed number to be laid off if enough people don't take the voluntary hit.
Speaking as an employee if I am being very frank... If management want to do this as quickly and willingly as possible, they might consider providing the language expected to be sent with the VSP contract and allow for it to be written as a Voluntary Separation in lieu of projected possible layoff. This would allow those that need to, to file for Unemployment Insurance without having to fight up-hill. Especially since most people in this economy are living paycheck to paycheck. Those that have saving know that it will only last so long considering the job market and current living costs due to inflation. Secondly, anyone who has been here longer than a year know that this is just one in many cycles of layoffs since the transition to current leadership. There is no reason to believe anything we are told at this point. What is the expectation, what is the projection for expectations following the layoffs? How are we to be expected to meet the already rising expectations and decreasing co-worker numbers?
Couple that with the fact that we were also notified as of Friday even with all of this that all employees are going to expected to meet all expectations, and metrics regardless of situation, stress, lowered numbers and that management is going to be expected to enforce this across the board. I am so confused, with very few exceptions the people I have met in my time here spend every waking minute going above and beyond for our members, while at the same time expectations are tossed onto the heap with no explanation other than get it done. The number of hours in the day hasn't changed, the amount of work has increased at least five-fold, the duties keep getting tossed on our backs and you think that means it just magically gets done... Last time I checked I don't have a magic wand, if I did, I definitely wouldn't be in this situation, and neither would my members are co-workers.
So I would suggest that maybe management instead of just looking at how much money they need for investors takes a good look at the toll those goals is having on its workforce. I am telling you right now as someone who can see the writing on the wall at some point we all break. At some point the expenses that you will be looking at will be in disability insurance claims for the toll of the emotional and physical stress that you cause your employees.
I know this is a long post and for that sorry not sorry... But holy he-l batman when are is anyone going to listen to what is really happening. The people in the trenches are crying out for help, under a mountain of work, while doing everything we can to help members that are losing everything around us. You cannot keep moving the goal post ahead and looking down saying we aren't doing enough. Then mock up by send a freaking survey out the week you notify us all that we are temporary at best and really don't matter, while in the same breath shouting that we better meet those metrics and goals. THE AUDACITY!
So lastly, may the odds be ever in our favor. The 2026 Hunger Games have begun. To my co-workers I see you and hear you, I care that you are struggling even if they don't. No matter what happens I see your value and the way you affect these members every day. No matter what happens, take care of yourself and make the decisions that will make you okay.

Has anyone been keeping up with this? Many will lose jobs/careers again with this latest decision handed down last week. Opportunities will become available for natural born citizens again as well. There are ups and downs with this one:
https://www.americanimmigrationcouncil.org/blog/supreme-court-immigration-ruling-tps-asylum-seekers/

Confirmed but unsure about the impacted departments and %

Who knows what will happen at the end of the Second Quarter 2026?

Be smart on your own behalf.

KD has done an excellent job of inculcating staff into new speak and all things dei and inclusion.

Who are they going to layoff. What class or feature of employees?

I saw in another thread on here that taking the VSP will save Centene money in the long run. If the next round of layoffs don’t include any severance, how would it be possible to save money for Centene through the VSP?

So let me get this straight. If you accept the vsp you get 4 extra weeks of pay. If you get laid off, you get severance but it’s 4 week smaller than the vsp check?

With this most recent layoff, I heard that it hit the employees in the various labs and made a change to our plans for Test Lab networks in Redmond, San Ramon, and Middletown. Are they moving up the date for the transition to Dallas? AVP and Directors were affected.

Stock value down 90% post CP11 / covid. Estero down to useless HQ shell. Now we’re supposed to believe Oro and other useless ventures will path us to glory. Going back to basics got us nowhere. More rounds of layoffs this week. Anyone left with half a brain employed at Hertz needs to get the he-l out asap.

Hundreds of millions already spent on AI with no benefits so far. None
1400 laid off does not balance the ai debt.
Shipped jobs to ITC and vendors who do absolutely nothing and are robbing us with inflated contracts that leadership is clueless about.
Tons of bloat, inexperience and toxicity in tech leadership and down.

Tech can’t drive excitement for product or make meaning commercials, but we’re sure not helping the sinking ship.

Hearing rumors of July layoffs. Do you think the customer insights team will be impacted? I am very nervous and trying to plan ahead.

I've heard that only sales will have layoffs, all the "new way of doing business" is all sales related.

Other orgs won't be getting cut

Publicly traded company that relies solely on government health programs to make money. Trump administration has been moving to gut those programs membership over the last year and a half. Majority remote workforce viewed by leadership as expendable and easy to cut loose. Shareholders demand AI implementation. I really am sorry to people who will lose their jobs but…this all seems very obvious in hindsight doesn’t it?

More layoffs for Windsor Lock this summer. It is going to be a long painful summer!!!!!!

They laid off people holding the project together and kept the ship afloat. It's funny how none of the senior leaders are not getting laid off but people doing the actual work are. They have been hiring massively .. there are 5000+ opening in Optum currently, 1000+ IT roles, so it's not a budget issue... It almost seems like being smart and good at what you do and bending to your managers will is seen as a weakness..the most arrogant Karens and Kens that push back at everything are the only one surviving in this burning he-l. Better start worshipping Satan if you want to survive the coming rounds.

Just a heads-up... firings are commencing at a rapid rate in certain areas. If you have many years with the company and the expectations lately have shifted until they feel like heavy proverbial noose...wiggle out of there quick! You will get no warning. Just bam. Random day, random hour...they'll come for you.... and you are left with NOTHING. Just so relieved my Mom finally saw the light and already changed companies for her own coverages. She herself a retiree with many years of service at SF. People mean LESS THAN NOTHING to SF anymore.
Not that sad to be heading out to make my life better now; I am prepared to make changes and succeed despite that company trying to make me feel more useless every day. When I succeed wildly-and I WILL!- I will have them in mind....only in the most negative way possible.

Even after all the layoffs the fleas are ki-ling this dog. They laid off all the talent , snapped up cheap H1B labor from India and its fake certifications. Now they are scrambling to raise prices. If you got laid off and your friends and family still have AT&T services, the butt of the joke is you. I switched to Mint the day after they pushed me out after 25 years. You want to stick it to them after they pull that, make them the bag holder with their high prices. I kick back now funneling info DC to expose their India tame and how they treat the older skilled labor. More and more people are waking up. You can get the same service elsewhere at over 50% less most of the time.