#workforcereduction

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Shift from FTE to contractors

Over the past few years, I’ve noticed a consistent pattern: when full-time employees in my role leave, they’re almost always replaced with contractors rather than new permanent hires. That shift feels telling. It suggests that Truist may no longer see this position as a long-term investment, instead opting for the lower cost and reduced obligations that come with contract workers. No benefits, no paid time off, and a built-in exit after a fixed term.

This wasn’t always the case. Historically, Truist staffed this role with full-time employees, which reflected a different level of commitment. What makes the change even more striking is that a closely related job family within the same organization continues to be filled exclusively with permanent hires. The contrast highlights a clear shift in priorities: one job family appears to be viewed as strategically important for the long term, while the other, despite having the same pay grades, is treated as more temporary or expendable.


April 2026 Serbices layoffs

We are realigning Professional Services to ensure our structure and staffing align with current and forecasted customer demand and expectations As part of this change, up to 40 positions across Professional Services may be eliminated These actions are not a result of the pending NEC acquisition.

As part of this realignment, up to 40 Professional Services roles within the Solution Delivery, Ascendon Delivery, and MS/Delivery Enablement teams may be eliminated


How IBM Is Measuring AI’s Real Impact on Productivity

(27 minute run time)

https://www.wsj.com/video/how-ibm-is-measuring-ais-real-impact-on-productivity/E30AB12D-6125-4C4C-AB92-050C534B46F2

By: Wall Street Journal |
March 26, 2026

Nickle LaMoreaux, chief human resources officer at IBM, discusses how the company is reimagining HR and the broader workforce through the lens of AI and experience-driven strategy.


CVS distribution center workers plan to go on strike

April 16 (Reuters) - "More than 500 CVS Health (CVS.N), opens new tab drivers and warehouse workers at the healthcare conglomerate's Fredericksburg, Virginia distribution ​center have voted to authorize a strike on ‌May 1, the International Brotherhood of Teamsters said on Thursday."

https://www.reuters.com/business/world-at-work/cvs-distribution-center-workers-plan-go-strike-2026-04-16/


AI Workforce Disruption (Future) - The U.S. economic-financial system, the Truth.

Fact's -

The Fed under Chairman Jerome Powell since January 2026 has printed an additional $125.0 Billion in currency to prop-up the U.S. economic-financial system.

Fed money printing over time since 2009 does add to the (current) U.S. National debt of $39.1 Trillion (and rising) with a (current) debt-to-GDP ratio of 124.87% (and rising).

Note - The U.S. taxpayer pays the Interest on the U.S. National debt (each year) to other Investors that finance it (U.S. based, Japan; China; etc.).

Interest paid on the U.S. National debt (just surpassed $1.02 Trillion a year per usdebtclock).

To think that the Unemployment rate approaching 15.0% through AI workforce disruption through 2027 (at least) wouldn't cause (Very significant) damage to the U.S. economy is ludicrous.

It (actually) easily could.

These are the facts.


IBM to reduce 20% of workforce in Slovakia

The US technology group IBM has begun a new round of job cuts in Bratislava, with hundreds of roles at risk as the company continues to scale back its workforce in Slovakia.

Slovakia’s labour office has recorded a planned reduction of 439 positions in the business services sector following a notification submitted in mid-March.

Read more: https://spectator.sme.sk/business/c/ibm-to-cut-hundreds-of-jobs-in-bratislava


Layoffs comming near you shortly

Just got off the phone with my AD and I was told April 23rd there will be a 10% RIF across all departments within Verizon. They are going after highest paid workers now NOT based on your PAD or time served in the company. My AD wanted me to help develop a plan to put into play with the reduced staff starting May 24th.


Woodbridge Foam Blenheim Plant Undergoes Retooling, Layoffs Begin

Layoffs are occurring at Woodbridge Foam in Blenheim. The plant is retooling for housing industry products. Layoffs will begin in May and continue through December. Up to 88 hourly and eight salaried employees could be laid off. The new product line is planned for launch in 2027.

Blenheim

https://windsornewstoday.ca/chatham/news/2026/04/10/blenheim-plant-retooling-results-in-dozens-of-layoffs


Halliburton Reduces Workforce Amid Market Downturn

Halliburton has recently been cutting staff again. Sources indicate these reductions are due to increasing costs and lower crude oil prices. Some workforce reductions occurred over the past several weeks. Three business divisions reportedly lost between 20% and 40% of their employees. Halliburton did not respond or comment on these claims.

https://www.southwestledger.news/news/halliburton-cutting-its-workforce-again


Prairie Public Reduces Workforce After Funding Cuts

Prairie Public eliminated 12 staff positions. This represents an 18% reduction in its workforce. The cuts resulted from significant federal and state funding losses. Overall revenue declined by approximately 25%. Some programming and services may be scaled back.

https://www.insideradio.com/free/loss-of-federal-state-funds-leads-to-prairie-public-layoffs/article_69a401de-0b70-4f2f-9b90-9acd00b5cebc.html


Meta Navigates Legal Rulings and Workforce Reductions

Meta unveiled new AI-powered ad products at its NewFronts presentation. This presentation occurred amidst significant legal challenges for the company. A Los Angeles jury found Meta liable in a social media addiction case. Separately, a New Mexico jury ordered Meta to pay $375 million for child exploitation. Meta also confirmed laying off several hundred employees across various divisions.

https://www.adweek.com/media/meta-newfront-2026-legal-layoffs-ai/


“Workforce Reduction - Self Nomination Program”

this has to be some reality show at this point, where are the cameras? All you can do is laugh. Who in their right mind will voluntarily raise their hand to be terminated… only to find out volunteering yourself does not gurantee termination. They just did layoffs not even 6 months ago and now this. I would rather them come out and say they are going bankrupt because this is just comical.


ProYouth Plans 81 Job Cuts in Visalia

ProYouth, a nonprofit organization, filed a Worker Adjustment and Retraining Notification (WARN) notice. The notice announced layoffs for 81 employees. These job cuts will occur at its Visalia, California facility. The layoffs are scheduled to take effect on June 5, 2026. The filing did not provide a reason for the workforce reduction.

Visalia, California

https://whatnow.com/news/local-news/visalia-based-nonprofit-organization-to-lay-off-81-employees/


Sentinel Transportation Announces 126 California Layoffs

Sentinel Transportation LLC is a national fuel truck logistics company. It also provides transportation services. The company has warned state employment officials. It will eliminate 126 employees in California. These are permanent layoffs across 25 work locations.

https://www.bizjournals.com/sacramento/news/2026/04/08/sentinel-cuts-california-jobs.html


GoPro Initiates Major Workforce Reduction

GoPro announced a significant workforce reduction affecting 23% of its global staff. The action camera maker plans to eliminate 145 jobs from its 631 employees. This restructuring plan was approved by the company's Board of Directors on April 7. The cuts aim to reduce operating costs and drive stronger operating leverage. These job reductions are expected to be completed by the end of the year.

San Mateo, California

https://nypost.com/2026/04/08/us-news/bay-area-based-tech-company-announces-shocking-layoff-of-nearly-a-quarter-of-its-workforce/


I’m afraid for what’s next

This is a legitimate concern I have. If they are going through these great of lengths to HUB employees, the employees who they pride themselves on wanting, what does that mean on what’s next for remote workforce?
It seems each month something gets worse and the bank just took a large swing of the bat at its prized hub population.


FP Markets Cuts Staff Amid Organizational Review

FP Markets has reduced its global workforce. Less than 7% of its employees were affected by the cuts. This action is part of a broader organizational review. The Australian-based broker previously employed over 300 staff. Other retail brokerage firms have also recently cut staff.

https://www.tradingview.com/news/financemagnates:1b9a7872c094b:0-exclusive-fp-markets-joins-layoff-trend-cutting-up-to-7-of-global-workforce/


Cargill to Cut Thousands of Jobs

Cargill is planning to lay off about five percent of its workforce. An estimated 8,000 layoffs will occur across the board. Approximately 475 in-person and remote jobs will be cut at the company’s Minnetonka headquarters. Affected workers will be notified this week, with terminations beginning in February. Cargill states these changes are part of a long-term strategy.

Minnetonka, MN

https://ingstadmedia.com/cargill-announces-thousands-of-layoffs/


Adding to layoffs in North Mississippi

Nike Retail Services Inc. reported 193 layoffs. These job cuts occurred on January 26. GXO Logistics also announced workforce reductions. Amplify Cell Technologies is another affected company. Over 450 workers in North Mississippi are impacted by these combined layoffs.

North Mississippi

https://dailymemphian.com/article/61588/gxo-nike-and-amplify-cell-technologies-report-layoffs


Intel justifiable HC - 20K design team, 40K manufacturing

My former undergrad mate went to Wharton (MBA finance), entered the industry and was mentored by the likes of Dan Niles. His view on justifiable Head Count for Intel Inc.

Design team = 20,000
Manufacturing = 40,000
Total = 60,000

He called it out right. What do you think. Tag HR and the powers to be.


Meta Cuts 200 Bay Area Jobs

Meta plans to lay off around 200 employees. These cuts will impact its San Francisco Bay Area operations. Specifically, 124 roles in Burlingame and 74 in Sunnyvale are affected. The affected teams include sales, recruiting, and Reality Labs. This move is part of a wider workforce restructuring effort.

San Francisco Bay Area, California

https://www.msn.com/en-in/money/news/meta-layoffs-facebook-parent-to-terminate-200-employees-in-san-francisco-bay-area-who-will-be-impacted/ar-AA20gkyN?ocid=finance-verthp-feeds


TCS Senior Staff Departures Rise Amid Pay Concerns and Workforce Cuts

Tata Consultancy Services faces high senior-level attrition. Exits from top ranks surged to about 16%. This is significantly higher than its historical 4-5% rate. Around 12,000 employees were impacted by workforce reduction. Senior leaders also received low variable pay.

https://www.ndtvprofit.com/business/tata-consultancy-services-faces-high-senior-level-attrition-amid-restructuring-and-compensation-challenges-report-11317142/amp/1