#workforcereduction

Im tired of wasting so much time, money, and energy driving into the office for no benefit. It's such a struggle to find parking and then a desk, let alone nearby your team. And then its a noisy, chaotic environment thats difficult to focus in, but told this is somehow a more productive environment when it just isn't. This clearly isnt about collaboration or productivity or there would be better implementation and feedback routes. The current RTO model is implemented so poorly its doomed to fail, yet employees are paying for bad leadership. I'm tired of adding an extra work day to my week in commuting, only to make it harder to do my real job. RTO is a bubble waiting to burst and I wish it would happen soon so we can figure out a better way forward

• OceanFirst Bank to lay off 114 employees
• Cuts tied to exit from residential loan origination business
• Bank to partner with Embrace Home Loans for mortgage services
• Move follows recent hiring in commercial banking expansion

https://njbiz.com/oceanfirst-bank-layoffs-nj-mortgage-shift/

Do we know this for sure?

Hearing 10% across all ti by end of Q4. Salaried employees targeted, hourly will see smaller impact. 2 phase reduction plan could start Wednesday. Lots of rumors being floated, but be prepared.
OP: @11a+1k5ckbav5

Did anyone see a LD position posted with JD of "be responsible for delivery of enterprise-wide reduction needs"

Selling off and laying off in Europe and Americas.

Why did Aramco invest in this? At the end of the day its all the same Saudi bank account but not a good look.

An engineering, procurement, and construction solar company, Blue Ridge Power, will be laying off 517 employees across its Asheville and Fayetteville locations as it winds down operations. The layoffs, which will affect 348 workers in Fayetteville and 169 in Asheville, are scheduled to take place by November 18. This decision was communicated through a Worker Adjustment and Retraining Notification (WARN) filed with the North Carolina Department of Commerce.

https://news.ssbcrack.com/pine-gate-renewables-blue-ridge-power-to-lay-off-517-workers-as-business-closes/

LAYOFFS STARTING IN NILES IL LOCATION

The fact that we are going to 4/1 when there is only 1 desk for every 1.3 employees at Harbor Point makes me think that we will have more layoffs before bonus time. There are literally not enough desks for people to reserve 4 days a week right now.

Heard this from the HR slaves and also people close to functional leadership - there is another round coming within 18-24 months to further reduce “fat” - wow. Better luck next time jumping off this sinking ship of utter gloom and doom. The leadership and managers remaining are all nepo lovers and love the brown nosing incompetent “friends”. More with less. Woohoo!

How was wave 2 outcome for you? Were you selected or left standing?

Bankrate has laid off more than 150 employees on September 17th, 2025 across all business units and functions

Ive read 9/24 is a round of layoffs but I have also heard February Q1 after makor restructuring is done from Fishbowl. When will it be TTS turn?

Has anyone heard anything else from uk and emea lay offs? I've seen Ireland starting to be hit and UAE have taken a hit this week/last week but still nothing for anywhere else.

Worst day in the history of this company, most of the people were laid off - global functions, AMER region.
Half of the people who got the letters have time only till Jan 23, then they will be laid off.
For rest handful of people, package is same, rest benefits go down, specially the bonus was reduced to less the 50% of the current one.
Curious case, a web marketing leader with 13 years was laid off, in comparison to a leader who just joined the company in July.
So much politics, so much biasness.

For Group 2 and Group 3 - leave while you can, only those will survive who are good at licking.

RR sold this company, sold the lives of thousands of people, shame on him.
worst CEO in the history of this industry.

Good luck to us all.

Coca-Cola Beverages South Africa (CCBSA) notified unions about the retrenchment of 600 employees in the country.

https://www.latestly.com/business/coca-cola-layoffs-heres-why-us-based-multinational-beverage-company-laying-off-600-employees-in-south-africa-7123635.html

Based on the rumors floating around, we should brace for a significant headcount reduction in December or January. Word is they're considering shutting down the architecture group entirely, along with several of the vanity projects.

Worried I see colleagues let go at other companies today. Why are we different?

“Earlier this month, Ford Motor Company announced plans to lay off 1,000 workers in Germany as part of a wider reduction of 2,900 jobs, citing slower-than-expected electric vehicle demand and efforts to contain losses in its EV business segment.”

It’s coming…

The recent increase in the H-1B visa fee to $100,000 significantly impacts companies like Tata Consultancy Services (TCS), which heavily rely on exploitation of Indian workers using this visa program to employ serf workers in the U.S.
Financial Implications for TCS
ASPECT DETAILS
Current H-1B Visa Fee Approximately $1,500
New H-1B Visa Fee $100,000 per application
Estimated Cost Increase From about $13.4 million to $1.34 billion annually for Indian IT firms
Dependency on H-1B Visas TCS will reduce the USA workforce by 5,000 - 10,000 workers with no severance to ensure profits and senior management bonuses are met for the Sahibs and Zamindars to ensure their loyalty.

US citizens will be prioritized to be fired first during the first round of firings.
So much for loyalty

Trump has finally signed the new H1-B fee of $100K per APPLICATION fee will spell the end of TCS. The fee will cost TCS about $1.65 Billion over three years. Analysts expect TCS to eliminate at least 5,000 US based employees to compensate for these higher fees and losses. Expect TCS to become very aggressive in laying off US based employees and provide no severance.
It’s time to jump ship before it’s too late. The ship is already taking on lots of water.

https://www.business-standard.com/immigration/h1b-visa-tcs-it-industry-microsoft-meta-infosys-google-us-trump-us-visa-125092000255_1.html

Anyone have the current headcount? Isn’t the goal to have 80k globally?

We just had another person from our team get laid off today. Looks like they are continuing cutting the workforce.

Over 100 employees in Illinois will be laid off in the near future.

109 employees at three companies were informed of upcoming job losses due to mass layoffs and branch shutdowns, according to data that is part of the Illinois Adjustment and Retraining Notification Act (WARN Act).

Which companies will be laying people off?

• The Roomplace Furniture and Mattress LLC, 1000 N. Rohlwing Road, Lombard
• Penske Logistics LLC, 1835 W. Jefferson Ave. Suite 103, Naperville
• Touchpoint Support Services (at Ascension Living St. Anne Place), LLC, 4405 Highcrest Road, Rockford

Reasons for the layoffs:

• The Roomplace Furniture and Mattress is closing a location, affecting 35 employees
• Penske Logistics is laying off 37 employees as part of a mass layoff
• Touchpoint Support Services is laying off 37 employees as part of a mass layoff

What is the WARN Act?

• A WARN layoff is a plant closure or mass layoff, according to the Illinois Department of Commerce & Economic Opportunity
• Employers must notify the state when they plan to lay off workers
• In August 2025, 10 businesses reported layoffs affecting about 1,000 Illinois workers, including financial services companies, janitorial contractors, a senior living community, and a nursing care facility

Monthly WARN reports are available online.

Heard someone in HR on a call talking about WFRs. "One more wave ", will be notified mid October.

Layoffs across the USA as kyndryl’s new US president Rutledge is demanding grow or else mindset; senior mgt is being shuffled, senior leaders and experienced ppl ousted, they are back to the IBM ways of cut to get growth, which is like throwing the baby out with the bathwater!! Goal is 1400 US ppl laid off - these are ppl making average 150k base pay…. This is how they make growth targets!

Bumping this from @44z+1k33fss5e for info.

The last few RAs had been announced the third tuesday of March and September. Anyone know if today's the same or if they're halting for 3Q earnings call?

Six weeks until the end of 3Q. There’s reason to believe as we get closer to the end of the current quarter we’ll see additional resource actions. Staffing on the tech side is under scrutiny due to the recent and embarrassing VP - contractor scandal. Plus, some projects are going to be scrapped, and, ways to quickly reduce costs before the end of the financial year are being considered. Since headcount is a huge driver of costs, we might be in for a pretty bumpy ride through the end of 4Q.

That's all the new RTO policy is about. I've seen several articles in the past few months where CEOs openly admit they're using RTO as an attrition tool, to get people to quit and reduce workforce without paying severance. I'm just wondering, do they really care so little about the best people walking away, since that's what's most likely to happen?

Even with the VSP, regorgs in certain divisions are happening. They are gutting the workforce and making it really difficult for those of us remaining to get meaningful, necessary work done. Bravo!

Summer surge is wrapping up and "Liberate", the new AI, is almost done being developed. They will be "liberating" more service staff VERY soon. Prepare now.

Coming to the Value org. Bloated workforce

For those reading this message, there's a chance you've already been impacted by the decisions and may not yet be aware of it. Many of you submitted your selections without realizing that the outcomes had likely already been determined.

I truly wish all of you the very best moving forward. And to those expressing feelings of "survivor’s guilt," please remember that your colleagues are facing real uncertainty show empathy and respect during this time.

For those that are holding on to hope of staying and are still in San Ramon, "God Bless You." I hate saying it but, "I hope you enjoy this next chapter of your life."

Heard from multiple reliable sources who make the calls......This will be the biggest one the company has ever had.....it is confirmed. Nobody knows about "when". It will include everyone from every department, every project, no matter the seniority. Even VPs won't be spared. Junior or Senior, it doesn't matter. Could be as soon as mid September or it could be 2 months from now. Stop the work and start looking for a new job RIGHT NOW. Good luck everyone.

Beginning of 2026, the workforce reduction will be 10% globally.

Novo Nordisk is cutting some 9,000 staff across its global operations in a bid to generate around $1.25 billion in annualized savings through 2026.

The layoffs amount to an 11% headcount reduction, according to BMO Capital Markets.

https://www.biospace.com/business/novo-axes-9-000-employees-worldwide-as-new-ceo-makes-good-on-cost-reallocation-promise

Is Optum going to ki-l our business? Should we all be looking for new jobs?

Total 2,035 headcount reduction

5 countries headcount got the most impacted

USA 763
China 328
India 294
Brazil 59
Malaysia 43

LE quote from the results call today

“ Well, I think we have substantial advantages because we are an infrastructure company and we are an application company. There are 2 things that happen. As an application company, we needed -- we knew we had to start generating our applications. We just couldn't do it with armies of people anymore. We still need people, don't get me wrong. But the number of people we need is substantially less. And we can build/generate much better applications than we can hand build. And we've been working on these AI application generators for some time, and we're actually using them.”

Might explain the rif. But has anyone seen these magical application generators that will replace the Fusion devs at scale and with security and zero bugs while not breaking anything on a deploy?

Anyone want to comment how we won’t miss the dearly departed staff?

https://techrights.org/n/2025/09/10/The_Bluewashing_of_Red_Hat_is_Being_Completed_Many_Staff_Unders.shtml