#layoffs

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I’m just a little surprised about how many didn’t see this coming

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?


Jun layoffs wtf is going on?

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.


"Layoffs" are not true layoffs at SF

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.


Down 18.86% over the last year.

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.


Layoff discussion with Betriebsrat

A colleague from the Betriebsrat has indicated that discussions about layoffs are underway, but no decisions have been finalized yet.

Executives are strongly promoting the idea that AI is fully operational and capable of replacing most positions.

Support roles are expected to face significant reductions, primarily through the implementation of Joule AI chatbots that will guide users to FAQs. As a result of these layoffs, support service level agreements (SLAs) are anticipated to change.

Quality Assurance (QA) positions are also likely to be diminished as SAP moves towards "autonomous development testing frameworks." Developers will be required to create tests with assistance from Claude and automate as much of the testing process as possible, leading to further layoffs in QA roles.

There is a hiring freeze in high-cost "class A" countries, with no plans for replacement headcounts. Developer positions are set to be cut in most areas that are not experiencing growth.

Conversely, SAP plans to increase hiring for HR and People Leads, who will coordinate with third-party development consultants to manage the additional workload following developer layoffs. The company intends to partner with AND digital for the majority of its engineering, design, and project management requirements. AND digital has offices in the US, UK, and Netherlands, which will serve as the primary hubs for operations in these regions.

There will be a reduction in employee benefits, including a decrease in SAP loan amounts and Flexibility Mobility allowances, along with stricter regulations regarding company cars. The pension schemes are also supposed to be "consolidated" with lower SAP contributions than before.

SAP aims to raise substantial capital for share buybacks. As a consequence, HR is exploring methods to minimize severance packages. It is likely that the Betriebsrat will not consent to all proposed changes, potentially leading to a deteriorating work culture that may prompt many employees to leave.

Significant discussions are scheduled for July, so we can expect more updates by the end of July or in August. I'm already applying to jobs but haven't been so lucky yet. So many years at SAP and nothing to show for it because I am not so well "connected".


Horrible place to work.

If you have a chance to get away from Big Red, do it. If you can live without the severance pay, don't sign the agreement. That way you can speak your mind without looking behind your back everyday. Having gone through the last layoff was the best thing for me. There is a secret society of managers and leadership that are terrible towards the employees. Some of them managers are on short term assignments and don't care who they hurt. They are taught to be terrible and will stab you in the back on a Tuesday and smiling at you on Monday. They are not your friend. Doesn't matter what are you work in, all the managers are conditioned the same. One single HR person runs the whole thing and she is no better. She doesn't care about either and will lie to your face. I could say more but remember this run away if you can.


Before You Jump to XOM

If you already have a job, keep it. ExxonMobil looks glamorous from the outside, but that shine is fake. I learned the hard way. I ignored every warning about the toxic culture and left a stable job just for the brand name — biggest mistake of my career.
From day one, the so‑called safety buddy didn’t even bother to do their job. Non even a proper welcome.
My first project manager opened our very first meeting by lecturing me about their ‘compete‑to‑win’ culture and how they rank and eliminate people every cycle.
This place isn’t about work, it’s about alliances, cliques, and survival. If you’re not part of a protected gang, you’re a target. Everyone watches everyone. The paranoia is all over this workplace. It’s a pressure cooker with a shiny logo slapped on top.


The Corporate skill nobody teaches…

Can someone teach me how to be a yes-man and boost the egos of unskilled, manipulative managers? Apparently, that's the skill needed by TPD Associate Director. Please for once can they let go Boston AD …

Unfortunately, I'm not good at that, so they'll probably let me go.


Leveraged Buyout

If you want to know why the company is doing what it is doing, here’s a small lesson in Private Equity and Leveraged Buyouts. Basically, a larger company finds a smaller healthy company that has employees that they are paying well and has invested a lot of money in research and development. They buy that company with debt, fire the workers, disband R&D and offload debt. They then use all the money doing that generates to pay themselves. This has been an ongoing trend the last 20 years and has ramped up in the last 10. This is in turn destroying the working class by making all these companies like zombie versions of themselves.

In the 1970’s when THEY DEREGULATED THE STOCK MARKET AND THE FINANCE INDUSTRY, PRODUCTIVITY DIVERGED FROM WAGES. If we were to bring back the New Deal Reforms from the 50s/60s, we would close the gap of productivity & wages, and it would make normal people wealthier as opposed to bankers and financiers.


RAISE US Initiative Addresses AI Job Cuts

RAISE US launched as a non-profit to retrain US workers. It aims to address job displacement caused by AI-related cuts. The organization secured $500 million in private and philanthropic capital. OpenAI, Anthropic, and Amazon are among its financial backers. Commerce Secretary Gina Raimondo co-chairs the new initiative.

https://www.thestack.technology/ai-layoffs-soaring-non-profit-retrain-workers/


New Bedford Fire Supporters Challenge Mayor's Budget Stance

The Support New Bedford Fire Department criticized the Mayor's recent statements. The Mayor labeled the City Council's budget reallocation a "gimmick." This reallocation aimed to keep Engine 9 operational. It also prevented 26 firefighter layoffs. The department argues this action protects residents and firefighters.

https://www.newbedfordguide.com/new-bedford-fire-dept-slams-mayors-gimmick-label-defends-move-save-engine-9-prevent-26-layoffs/2026/06/26


Topgolf Leadership Initiates Turnaround Amidst Sales Decline

Topgolf recently laid off hundreds of employees nationwide. The company also lost nearly $1 billion in value under previous ownership. New CEO David McKillips aims to revitalize the brand. His plan includes upgrading golf ba--s and introducing simulator leagues. McKillips also intends to expand locations and diversify entertainment options.

https://www.dmagazine.com/business-economy/2026/06/topgolf-ceo-david-mckillips-plan/


West Virginia Workers Safer from AI Layoffs

Studies indicate that workers utilizing artificial intelligence are less likely to face layoffs. This trend contradicts widespread fears about AI displacing jobs. Only a small percentage of laid-off workers attribute their job loss directly to AI. West Virginia's workforce is considered less exposed to generative AI applications than the national average. The increased demand for energy from AI data centers presents economic opportunities for energy-producing states like West Virginia.

Clarksburg, West Virginia

https://www.wvnews.com/news/wvnews/studies-ai-skills-shield-workers-from-layoffs-west-virginia-itself-less-susceptible/article_0144aff5-075b-4955-b7ec-7d79fbd5ff30.html


OHA Reduces Staff Amid $90 Million Budget Gap

The Oregon Health Authority is cutting jobs due to a $90 million budget gap. Nine to ten higher-level staffers are being laid off by July 31. This initial round precedes an anticipated $421 million in federal Medicaid cuts. These future cuts could cause 200,000 Oregonians to lose health care coverage. Employees express concerns about transparency, morale, and potential service reductions.

Salem, Oregon

https://www.thelundreport.org/content/oregon-health-authority-layoffs-spark-concerns


Audience reacts to iHeartMedia job cuts

iHeartMedia initiated mass layoffs affecting its Des Moines stations. Much of the local staff at sports radio station KXNO was impacted. Prominent hosts, including Heather Burnside and Sean Roberts, were among those let go. Listeners now hear national programming instead of local shows. These cuts are part of broader nationwide reductions by iHeartMedia.

Des Moines, Iowa

https://www.kcci.com/article/des-moines-iheart-radio-kxno-sports-radio-layoffs/71735512


ATT: High turnover rate. ( Reddit )

ATT: High turnover rate. ( Reddit )

It genuinely makes me sad their turnover is high, especially at the authorized retail level. There’s so many things that don’t get taken into consideration when it comes to selling, such as demographics for one thing. Foot traffic alone doesn’t tell the whole story. I know someone who might lose their job bc they can’t meet the sales goals when they are brand new, 3 months in, and when they won’t scam customers, though others in the store will, by adding lines without consent. This person was so excited for this job, and they were also not told up front they would be fired if they didn’t meet goal after three months. They went into this job being told one thing, and it being something else. Now they are disillusioned. What a shame. I wonder how many really good employees have been lost bc of bad scheduling and these hard to reach metrics without scamming people.

https://www.reddit.com/r/ATT/comments/1ugbzh9/high_turnover_rate/

I also know someone in sales that can attest to the scamming CRAMMING and fraudulent sales tactics that ATT pressures and intimidates its sales employees to perpetuate in the unrelenting pursuit of false metrics and sales quotas. The SCAM is out in the open and ATT makes no attempt at hiding it.


Why are all the 10-25 year Sirius CEs leaving?

Why are there so many Sirius sellers leaving, or left, the company? CDW is hemorrhaging all the 20 year customer relationships? As a CDW seller, I was assigned a lot of these accounts, that came with very high quotas and they don't want to do business with me. My management said these all would be easy accounts to farm and my income would double. I am starting to realize CDW management doesn't understand why customers buy from who they do and most of them that I know of never had a job selling directly.


VW weighs up to 100,000 job cuts

Volkswagen is now considering cutting up to 100,000 jobs. Adding to the 50k cuts that were already planned, they are now also looking at closing four German plants, which is about another 45k, perhaps more.
That's according to Reuters sources. VW declined to comment and said any decisions would be announced officially.

Source: https://www.reuters.com/business/autos-transportation/volkswagen-ceo-aims-cut-up-100000-jobs-next-years-manager-magazin-reports-2026-06-26/


Optum Selloff Strategy

I want to preface everything with the fact that I have no idea if they’re actually planning to absorb minimal tech resources into UHG and then sell Optum. This is just a rumor that I read previously on this site.

I have two questions:

Does anyone know if this rumor has any merit?

If the rumor is true, how do you think they’ll draw the line in the sand? What teams will stay and what teams will be sold off? Will it be split by leader, onshore/offshore, etc?

I genuinely don’t know what outcome would be best. I’m just kind of curious if I can predict where my job will land.


Private Equity

I keep seeing posts about PE as a savior.

Question, have any of you worked in PE? It ain't fun.

Reminds me of the line in good fellas ..

Business bad? Fu-k you, pay me. Oh, you had a fire? Fu-k you, pay me. Place got hit by lightning, huh? Fu-k you, pay me.

Say good bye to good benefits, PSP, stock options (oh yeah, yours will be worth nothing), probably a reset on PTO...

And if it does turn around, you won't see a penny


McKinsey Reduces Workforce as AI Transforms Consulting

McKinsey & Company plans to cut 3,000 to 4,000 jobs. This affects about one-tenth of its global staff. The reductions focus on back-office and junior research roles. Generative AI has shortened delivery timelines in these areas. This indicates AI directly replaces junior analyst work.

New York, United States

https://news.outsourceaccelerator.com/mckinsey-layoffs-ai-consulting/


Verizon Stock Together

2026 stock together has been approved with grant date Oct 1,2026
So if NJ requires 90 days notice and they have to get people off the books to avoid that payout, then a June 30 announcement for an off payroll date kinda makes sense.
Does anyone have any insights to any announcement on June 30th ? This is all speculative, im just looking at rumors and how timelines could match up to the stock together date.


BitGo Reduces Workforce, Prioritizes AI Infrastructure

BitGo announced a 15% staff reduction. The company cited changes in the evolving ecosystem. BitGo will now concentrate on security, trading, stablecoins, settlement, and AI-powered infrastructure. This reduction follows widening net losses despite strong revenue growth. BitGo's stock fell 4.76% on the New York Stock Exchange.

https://www.theblock.co/amp/post/406266/bitgo-layoff-ai-infrastructure


AI "super bubble" about to burst.

SPACEX was the trigger, we are all in for a world of pain. OpenAI will fall and Oracle will go with it. They cant cut enough heads to make up for the losses, hiding these cuts as "AI innovation" no longer makes sense.

https://finance.yahoo.com/markets/stocks/articles/chinese-hedge-funds-warn-ai-091421732.html