#workforcereduction

Dell filed w the sec on the amount the layoffs will cost the Company

We keep cutting the wrong people. Until leadership goes, nothing fixes.

If it’s going to happen just let it happen already.

Any precedent to whether they do layoffs on Mondays or Fridays? I’ve seen both at other orgs.

No one is safe. I've watched veterans with decades of service get cut alongside new hires. Unless your title starts with Chief, you're fair game.

Someone posted that they thought VSP was an epic failure but didn't explain why. What are your thoughts? Whether you took it or were left to deal with the fallout. For the eligible, how has your life changed after taking it? If you were eligible and did not accept it, any regrets?

It's going to be a rough fall season. I think they are on a mission to make this company very lean. That means going down to 6000 employees this year.

Major telecommunications companies are implementing significant workforce reductions as a primary cost-cutting strategy. AT&T, Verizon, and O2 Germany have all announced substantial job cuts in the first half of 2026. Nokia is also continuing a large-scale reduction program aimed at substantial annual savings. While these cuts can improve short-term margins, they often fail to address underlying revenue generation issues. The article suggests that true transformation requires redeploying capital into new growth areas, not just reducing expenses.

New York, NY

https://sebastianbarros.substack.com/p/telcos-layoffs-are-just-aspirin

Fintech company Chime is implementing a 10% workforce reduction, impacting approximately 150 employees. This move aligns with a broader industry trend of companies leveraging AI for operational efficiencies. CEO Chris Britt cited the need for faster, more agile teams with flatter structures to accelerate growth and profitability. The company is preparing to release its second-quarter financial results next week. Chime's stock has experienced a 10% decline this year.

San Francisco, California

https://www.reuters.com/business/world-at-work/chime-cut-10-total-workforce-or-about-140-jobs-source-says-2026-07-31/

Is the plan to actually integrate/onboard them or replace them with H1-B hires in India, once their systems have been brought over?

There doesn’t seem to be any plan, from what I can tell. Seems like they are trying to figure out what to do with the NatGen folks. Or maybe they aren’t in the plans for the future, and that’s the reason.

BP is planning to eliminate approximately 700 non-frontline positions as part of a strategic restructuring. This move aims to simplify operations, reduce costs, and enhance profitability. The majority of these affected roles are office-based or support functions, not those directly involved in production. This workforce reduction aligns with BP's renewed focus on its core oil and gas business. The company is prioritizing efficiency and financial performance in its ongoing turnaround strategy.

London, United Kingdom

https://www.ndtvprofit.com/business/bp-layoffs-oil-major-to-slash-8-of-non-frontline-production-jobs-11844108/amp/1

Many companies are regretting recent layoffs that were attributed to artificial intelligence. Studies indicate that automation has not fully replaced human expertise in critical areas. As a result, a significant percentage of employers who reduced staff due to AI are now considering rehiring. This trend highlights a recalibration of workforce strategies, balancing technological adoption with essential human skills. The findings suggest a growing realization that AI's impact on job displacement may be less than initially anticipated.

London, England

https://www.peoplematters.in/news/business/55percent-of-employers-regret-ai-layoffs-gartner-predicts-more-rehires-by-2027-51167

Crescent Communities has implemented layoffs, attributing the decision to a slowdown in development investment. The company has not disclosed the specific roles that were eliminated. These workforce reductions follow a recent leadership transition within the firm. The exact number of employees affected by the layoffs remains undisclosed. This move signals a strategic adjustment by Crescent Communities in response to market conditions.

Charlotte, North Carolina

https://www.bizjournals.com/charlotte/news/2026/07/30/crescent-communities-layoffs-charlotte-developer.html

International Motors is preparing for significant layoffs affecting over 1,300 employees. The company has not provided specific reasons for this large-scale reduction. This action will impact a substantial portion of its workforce. Further details regarding the timeline and specific departments affected are expected. The company's future operational adjustments remain unclear.

Springfield, Ohio

https://www.wdtn.com/video/more-than-1300-layoffs-expected-at-international-motors-in-springfield/12021961/

The expiration of Temporary Protected Status for Haitian nationals is creating significant labor challenges in Florida. Tens of thousands of workers in the travel, hospitality, and care sectors are losing their work authorization. This comes at a critical time for Florida's tourism economy, which relies heavily on this workforce. Businesses and community organizations are grappling with potential shortages and the impact on local economies. Fears of deportation are also rising among the affected Haitian community.

Miami, Florida

https://www.thetraveler.org/floridas-haitian-workers-face-layoffs-as-tps-protections-end/

Aramark has ended its collaboration with the University of Kentucky. This decision led to the termination of employment for over 900 individuals. The partnership concluded in May of this year. This marks a significant workforce reduction for the company.

Lexington, KY

https://www.wkyt.com/video/2026/07/29/aramark-ended-its-partnership-with-uk-may-resulting-layoffs-more-than-900-employees-those-layoffs-took-effect-june-30/

Tencent's North American subsidiary, LIGHTSPEED LA, has implemented workforce reductions. These layoffs are attributed to a shift in the creative and development direction for the upcoming game 'Last Sentinel.' The studio confirmed the news, stating that internal reviews prompted the adjustments. Approximately 80 employees were affected by this decision. The company affirmed its continued commitment to the North American market.

Los Angeles, California

https://www.invenglobal.com/articles/24270/tencent-conducts-layoffs-at-north-american-subsidiary

Crypto exchange Luno is reducing its global workforce by approximately 20% as part of a strategic restructuring. This move aims to reallocate resources towards expanding its institutional and business-to-business services. The company cited investments in automation and operational changes as drivers for the workforce adjustment. While the exact number of affected employees was not disclosed, the company stated that a leaner structure is necessary. Luno plans to continue investing in compliance, core infrastructure, and select retail products.

https://crypto.news/luno-cuts-20-percent-of-staff-as-crypto-layoffs-widen/

Workers at the General Motors Fairfax Assembly and Stamping Plant are anticipating the end of nearly two years of layoffs. The plant has been operating on a single shift since September 2025, impacting approximately 750 employees. A shift in focus from electric vehicles to internal combustion engine vehicles, particularly the Equinox, is driving this change. Retooling is scheduled to begin in early 2027, with the second shift expected to resume by mid-2027. This transition is projected to bring the plant back to full employment and boost the local economy.

Kansas City, Kansas

https://www.kshb.com/news/local-news/kansas/wyandotte-county/gm-fairfax-plant-workers-see-light-at-end-of-tunnel-after-nearly-2-years-of-layoffs

Every two years, coincidence? Lets see how many will be cut in year 2028

Visa achieved a historic milestone by surpassing $4 trillion in quarterly payments volume, demonstrating robust growth in both consumer and commercial transactions. This strong performance was further bolstered by a significant 34% year-over-year increase in value-added services revenue, largely driven by FIFA World Cup marketing initiatives. Despite this financial strength, the company announced a workforce reduction, primarily impacting technology and product roles. Management has raised its full-year earnings and revenue growth forecasts, signaling confidence in continued business momentum. The savings from these layoffs are intended to be reinvested into future growth areas like stablecoin and agentic commerce.

https://www.tikr.com/blog/visas-q3-earnings-crossed-4-trillion-in-volume-then-came-the-layoffs

Several major healthcare systems have recently announced significant workforce reductions. Dignity Health is laying off 139 employees across two hospitals in California. Adventist Health is also cutting 132 roles as it centralizes certain functions. These actions reflect ongoing financial pressures and strategic realignments within the healthcare industry. Many organizations cite rising costs and the need for operational efficiencies as reasons for these difficult decisions.

• California*

https://www.fiercehealthcare.com/finance/fierce-healthcare-layoff-tracker-2026-job-cuts-eliminations-health-systems-hospitals

She said, "the fact that four out of five of the folks who are going to move on from Centene were part of the VSP". If 61,000 were offered the VSP, and 4 out of 5 are taking it, then Centene is losing approximately 48,000 of its workforce! How is that going to help the members who have put their trust in this company? And if members now cannot speak with a real person and have to deal with the frustration of off-shore call-centers and automated bots, the future looks even worse for our most vulnerable members.

Public Storage, a major self-storage company, has announced layoffs affecting 107 employees in Greenwood Village, Colorado. These job cuts follow Public Storage's recent $10.5 billion acquisition of National Storage Affiliates Trust. The affected positions include corporate roles and several leadership roles within the acquired company. Public Storage stated that impacted employees will receive at least sixty days' compensation. The layoffs are scheduled to occur over the next year.

Greenwood Village, Colorado

https://www.9news.com/article/news/local/public-storage-national-storage-merger-layoffs/73-60295090-0b9c-4e35-8320-aef915d468f0

July saw significant turmoil in the cryptocurrency industry, with six platforms ceasing operations and seven others implementing substantial workforce reductions. This period highlights a challenging market environment, impacting both established exchanges and infrastructure providers. Several companies cited market conditions and strategic shifts as reasons for their closures or downsizing. The trend suggests a broader industry consolidation and a reevaluation of business models. This wave of closures and layoffs paints a stark picture of the current state of the crypto sector.

https://egw.news/crypto/news/36434/cryptos-bad-month-six-firms-collapse-seven-more-gu-4k1Tgtmg5

I encourage you all to watch the latest episode. While they didn’t state official reduction numbers, Sarah did allude that 4/5 people laid off will be from the VSP.

For an example, if the reduction goal is 5000 individuals then approx 1000 individuals will be laid off involuntarily.

Of course it is still vague information, but hopefully it helps some of you who are worried about an equally wide-spread involuntary RIF.

Federal data indicates a rise in planned layoffs for July, primarily affecting the technology and manufacturing sectors. These workforce reductions are attributed to increased uncertainty, the integration of AI, and a desire for greater efficiency. While the overall labor market remains stable with low unemployment, hiring has become more selective. Experts suggest these layoffs represent structural shifts rather than a broad economic decline. The trend points to a cautious hiring environment as companies adapt to evolving industry needs.

U.S.

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

USCIS reported over 7 million active H1B visas since 2015!
This is a shame!!!
GM should stop hiring H1B, OPT, H4 and CPT visas.
The amount of incompetence I’m exposed to on a daily basis at work in quite frightening.
We have more qualified and hardworking locals who can get these jobs.

Salesforce has recently eliminated approximately 1,000 positions across various departments. This significant workforce reduction is reportedly driven by the company's strategic pivot towards artificial intelligence. The affected roles span marketing, product management, and communication units. This move aligns with Salesforce's increasing reliance on AI tools to enhance operational efficiency. The company has not officially detailed the specific breakdown of these job cuts.

https://www.goodreturns.in/news/tech-layoffs-2026-salesforce-cuts-around-1000-jobs-across-marketing-product-communication-units-1488553.html

Centrica is reducing its workforce by 1,300 employees over two years as part of a digital transformation. The company attributes these cuts primarily to a shift in customer behavior towards digital channels, not AI. While unions express concern about AI replacing jobs, Centrica's CEO states that changing customer preferences are the main driver. The company plans to increase roles focused on digital services while scaling back phone-based positions. This announcement coincides with increased profits in Centrica's retail division.

London, England

https://www.ibtimes.co.uk/british-gas-owners-ai-drive-leaves-1300-call-centre-workers-without-jobs-1810750

Rogers Radio has recently implemented layoffs that have significantly affected hockey journalism. This news comes from The Hockey Writers, an NHL news outlet. The extent of these job cuts and their long-term implications for sports reporting remain unclear. The article highlights the challenges facing sports media professionals in the current landscape. This development underscores a broader trend of workforce reductions in the media industry.

Toronto, Ontario

https://thehockeywriters.substack.com/p/4-changes-that-could-decide-whether

Centrica and Monday.com are implementing significant workforce reductions due to evolving customer preferences and the rapid advancement of artificial intelligence. Centrica will eliminate 1,300 roles over two years, citing a shift towards digital customer interactions. Monday.com is cutting approximately 620 jobs, about 20% of its global staff, to restructure its business around AI development. Both companies state these changes are necessary to adapt to industry transformations and changing market demands. Concerns have been raised about the impact on vulnerable customers who may struggle with AI-driven services.

London, England

https://www.computing.co.uk/news/2026/ai/centrica-and-monday-com-announce-ai-related-job-cuts

Seems like they still have budgeted about 300 million or so in severance. If that’s mostly cash etc., I would imagine that we’re going to probably lose about 25% of the entire workforce.

A global travel technology company has initiated layoffs at its Denver office. Fifty-seven employees were affected by this recent workforce reduction. The company's new chief executive officer is overseeing these changes. This action impacts the company's local operations. The specific reasons for the cuts were not detailed.

Denver, Colorado

https://www.bizjournals.com/denver/news/2026/07/24/travelport-layoffs-downtown-denver-employees.html

Visa has announced a reduction in its workforce, impacting an unspecified number of employees. This move comes as the company navigates evolving market conditions. The financial technology giant is implementing these changes to streamline operations. Further details regarding the exact number of affected individuals were not immediately available. The company's stock saw a positive reaction in the options market following the news.

https://www.cnbc.com/video/2026/07/28/options-action-visa-shares-jump-on-layoffs.html

A Volkswagen supplier in Chattanooga will be laying off 153 employees this summer. The affected workers are at the Yanfeng International Automotive Technology facility on Bonnyshire Drive. These employees do not have collective bargaining agreements or bumping rights. State labor officials have been notified and are providing support services to the impacted workers.

Chattanooga, Tennessee

https://www.local3news.com/local-news/consumer-alert/yanfeng-a-volkswagen-supplier-to-lay-off-150-workers-in-chattanooga/article_65848b25-6e30-4c74-b6cb-e89536b91415.html

A significant number of leaders now regret decisions to lay off employees due to AI implementation. Data indicates that 55% of employers who reduced staff for AI reasons now express regret. This is largely due to the realization that institutional knowledge cannot be fully automated. Companies like Ford have already rehired hundreds of engineers to address quality gaps. This trend suggests a broader corporate reevaluation of workforce strategies following initial AI-driven cuts.

United States

https://www.gadgetreview.com/55-percent-of-leaders-regret-ai-layoffs-and-a-major-hiring-reversal-is-here

New data indicates a significant acceleration in video game industry layoffs, with job losses now predicted to reach nearly 14,300 by the end of 2026. This figure represents a substantial increase from earlier forecasts made by the ASGC Games Industry Layoffs Tracker. The pace of these reductions has outstripped initial modeling, with recent updates showing a rapid climb in projected redundancies. North America and Europe are the primary regions experiencing these workforce adjustments. The current year is on track to surpass the layoff numbers seen in 2024.

United States

https://www.gamesindustry.biz/new-data-suggests-layoffs-will-affect-14259-people-by-the-end-of-2026-up-78-from-first-forecast-of-the-year

Tower Health is laying off 160 employees at its Pottstown Hospital. The hospital has been operating at a financial deficit for several years. This action reflects ongoing financial challenges within the organization. Further details on the specific roles affected are not provided. The hospital is located in Montgomery County.

Pottstown, Pennsylvania

https://www.bizjournals.com/philadelphia/news/2026/07/28/pottstown-hospital-tower-health-layoffs-investment.html

The Indiana Historical Society recently reduced its workforce by eleven employees. These layoffs primarily impacted departments responsible for exhibits and educational programming. The organization stated the cuts were part of a strategic review to ensure long-term stability. Some former employees expressed that the layoffs felt like a significant blow to public-facing operations. The historical society's staff page no longer lists its employees.

Indianapolis, Indiana

https://mirrorindy.org/indiana-historical-society-layoffs-exhibits-education-mike-braun/