#workforcereduction

Wells Fargo has eliminated 79,000 jobs over the past six years as part of an ongoing efficiency program. The bank's headcount has decreased for 24 consecutive quarters, with a further reduction of 3,500 employees in the last quarter. Executives anticipate operating with fewer staff due to advancements in technology and AI. Despite these cuts, Wells Fargo is actively hiring in growth areas like customer-facing roles and technology development. This strategic workforce reshaping aligns with broader industry trends of leveraging automation while investing in specialized positions.

https://www.peoplematters.in/news/strategic-hr/wells-fargo-cuts-79000-jobs-in-six-years-says-more-layoffs-are-coming-50894

Commonwealth has recently implemented layoffs affecting its home office staff. These workforce reductions are occurring in anticipation of the company's conversion to LPL. Affected employees are expected to remain in their positions through the end of 2026. The article does not specify the exact number of employees impacted by these layoffs. Further details regarding the conversion process are also not provided.

https://citywire.com/pro-buyer/news/exclusive-commonwealth-lays-off-home-office-staffers-ahead-of-lpl-conversion/a2494349

Fifth Third Bank is implementing additional layoffs following its significant acquisition of Comerica. The bank is also vacating Comerica's former downtown headquarters. These actions indicate a strategic restructuring phase for the financial institution. Further details regarding the scope and impact of these job cuts are expected. The company is actively managing its post-merger operational footprint.

Frisco, Texas

https://www.bizjournals.com/dallas/news/2026/07/16/fifth-third-comerica-layoffs-signage-comes-down.html

K&L Gates has initiated significant workforce reductions affecting its allied professional roles. The firm confirmed these cuts represent approximately ten percent of this staff category. These actions are intended to streamline operations and better align with current business needs and future growth strategies. The firm stated it is providing support, including separation benefits and outplacement services, to affected employees. While the firm's statements focus on staff, some reports suggest junior lawyers may also have been impacted, though this has been officially denied.

https://abovethelaw.com/2026/07/layoff-alert-kl-gates-announces-significant-cuts/

https://www.reuters.com/business/world-at-work/verizon-shed-274-stores-lay-off-another-500-corporate-employees-2026-07-16/

July 16 (Reuters) - U.S. wireless carrier Verizon (VZ.N), opens new tab said on Thursday it will sell 274 company-owned retail locations ​and cut about 500 corporate jobs as part of its ‌restructuring.

The moves will affect about 3,000 retail and corporate employees. Verizon will own 1,000 stores after the sale, effective August 16. Verizon eliminated several hundred jobs in ​May after announcing in November it was cutting more than ​13,000 jobs in its largest single round of layoffs.

Amazon is implementing significant layoffs across two Florida facilities as part of extensive renovation projects. Nearly 500 workers will be impacted at the Port St. Lucie fulfillment center, with layoffs beginning in September. This follows an earlier announcement of over 600 layoffs at the Homestead facility. Both locations are slated for two-year renovation plans, with a projected reopening in 2028. The company anticipates rehiring a larger workforce upon completion of these upgrades.

Port St. Lucie, Florida

https://www.tcpalm.com/story/news/state/2026/07/16/amazon-florida-warehouses-renovations-port-st-lucie-homestead-layoffs/90939879007/

https://www.reuters.com/business/world-at-work/verizon-shed-274-stores-lay-off-another-500-corporate-employees-2026-07-16/

https://www.youtube.com/watch?v=lGtCf4vw2Qw

JD Vance Details Probe Into Alleged H-1B Visa Fraud :

'American Jobs Ought To Go To American Workers':

USDOL issued 100's of subpoenas to H1B employers ( mostly Indian owned garage based pure Fraud companies )..

I'll say somewhere between 50 and 60.

Sprout Social is reducing its staff by approximately 20%, impacting around 260 employees. This decision stems from significant changes in the software industry driven by artificial intelligence. The company has recently focused on integrating AI into its social media management tools. This move aligns with a broader trend of tech companies restructuring due to AI advancements. The company expects to incur substantial pre-tax charges related to this workforce reduction.

Chicago, Illinois

https://americanbazaaronline.com/2026/07/15/sprout-social-to-cut-260-jobs-as-ai-reshapes-software-industry-484641/

Corus Entertainment is implementing another round of job cuts impacting its news and radio divisions. The company stated these changes are intended to enhance efficiency and ensure long-term sustainability. Specific numbers of affected employees were not disclosed. Programming adjustments will become apparent on air in the coming weeks. This follows a period of declining advertising revenue for both television and radio segments.

Canada

https://broadcastdialogue.com/corus-undertakes-new-round-of-layoffs/

A major cable television provider is implementing significant workforce reductions. This latest round of layoffs will impact 112 employees in Austin. The company is a prominent player in the cable TV industry. Local tech recruiters are being provided with a list of contacts. This development signifies a shift in the company's operational strategy.

Austin, Texas

https://www.bizjournals.com/austin/news/2026/07/15/charter-communications-layoffs.html

+/-4500 for total reduction across various orgs and stores. I

This good…..

Cisco Systems Inc. President Jeetu Patel said artificial intelligence is likely to reshape the global workforce by creating more jobs than it eliminates

"I've been saying this for months, and the early data is beginning to support it. Five years from now, I believe AI will create more jobs than it eliminates,"

Is there one other person saying this? Certainly not CR with all the layoffs.

It's very clear by the town halls that he has been in the forefront of that labor force reduction is his goal. Someone needs to get this guy sensitivity training or put a mouthpiece in front of him. He's making it very clear that the people doing the work are of little long term value.

https://www.linkedin.com/posts/verizon-continues-serial-workforce-reductions-share-7483210242839764992-MCVc/

Company wide reduction in force.

It's that simple, the current work force is broken. Good luck on the unemployment line.

"If business demand requires hiring, what's the justification for layoffs? A balanced workforce strategy is important."

https://breakingthenews.net/Article/Verizon-said-to-announce-job-cuts-on-Thursday/66696200

COMCAST CABLE COMMUNICATIONS, LLC ranks #62 of 9,347 employers tracked on layoff notices in 2026. New titles have been slapped on old, “cut” positions in order to recruit throughout tech hubs overseas. Comcast has 6,740 LCA filings (H1-Bs/offshoring) from FY2015 through FY2026. This isn’t even all of them as more have been done. The median reported wage across these filings is $111,163. Its largest state footprint is Pennsylvania with 3,909 filings. The most common job title on its filings is Software Developers but many tech positions have been hit hard.

Apparently no unemployed, laid off or talented Americans could fill these jobs nor would they appreciate a salary of $111,000 (sarcasm).

https://www.barrons.com/articles/verizon-layoffs-73f1fc34

"The nation’s largest wireless carrier will announce the cuts on Thursday morning, according to an employee who was briefed on the plans. Barron’s couldn’t verify the number of employees that would be affected."

Yahoo Finance.

https://finance.yahoo.com/markets/stocks/articles/vz-stock-slips-verizon-reportedly-190131210.html

Another Layoff going on today at BMC Helix. Is there anyone left working there.

Layoffs and firings throughout majority of sites today. My team was affected, and multiple people at my site were affected. No confirmation on amount let go yet.

Carlex will permanently lay off 325 employees in Tennessee. The company filed a WARN notice with the state labor department. These layoffs are scheduled to begin on September 7, 2026. Employees affected are part of a collective bargaining agreement and have no bumping rights. The rapid response team will assist those impacted by the job reductions.

Vonore, Tennessee

https://fox17.com/news/local/over-300-employees-to-be-impacted-by-permanent-layoffs-at-carlex

Verizon is preparing to implement another round of job cuts this week as part of its ongoing cost-saving initiatives. The telecommunications giant aims to reduce expenses under the leadership of its new CEO, Daniel Schulman. These layoffs follow previous reductions in November and May, with the company having previously announced a goal of $5 billion in operating expense savings for 2026. CEO Schulman has emphasized that these measures are necessary to reinvest in the company's value proposition and address declining customer satisfaction. The company's stock has seen a modest increase this year, but it continues to trail the broader S&P 500 index.

New York, NY

https://www.barrons.com/articles/verizon-layoffs-73f1fc34

Majority of the Band 5 are impacted. Brace for more than 50% impact on the rest of the group.

I keep wondering what the next round of changes will bring. More layoffs? Reduced hours? Title eliminations? Anyone have any insight?

Procter & Gamble is planning to eliminate up to 7,000 non-manufacturing positions by fiscal year 2027. This significant workforce reduction is intended to help the company manage increasing tariff costs and streamline its operations. The cuts will primarily affect office and support staff, not those involved in production or factory work. This strategic move aims to improve cost productivity and maintain margins amidst external economic pressures. The company will focus on redeploying savings into growth, brand building, and innovation initiatives.

https://finance.yahoo.com/markets/stocks/articles/procter-gamble-pg-plans-7-190737889.html

Leidos has announced workforce reductions affecting 305 employees, primarily in indirect roles. These changes are intended to improve operational efficiency and position the company for future growth. The company is actively working to reassign many of these individuals to new direct positions. These layoffs represent a small fraction, less than one percent, of Leidos's global workforce. Leidos is providing severance and outplacement assistance to those impacted.

Reston, Virginia

https://www.washingtontechnology.com/companies/2026/07/leidos-layoff-notices-hit-305-people-non-customer-roles/414729/

Union representatives at WK Kellogg's Memphis plant allege the company is violating their collective bargaining agreement. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) claims WK Kellogg is disregarding seniority rules for job placements during workforce reductions. Union leaders state their proposals to preserve jobs and honor seniority have been met with resistance. They believe the company is prioritizing profit over its dedicated workforce. The union plans to monitor the situation and pursue legal action if necessary.

Memphis, Tennessee

https://www.memphisflyer.com/union-kelloggs-not-following-agreements-on-layoffs/

Senior folks like Director level people like SMEs including engineering Prod owners were let go - this Friday is last day.

Logistics firm Fusion Transport LLC is planning to eliminate 79 positions at its New Jersey location. These workforce reductions are slated to begin on October 1st. The company offers a range of services including freight management and warehousing. Fusion Transport was established in 2019 through a merger. The impact on the Piscataway facility's future operations remains uncertain.

Piscataway, New Jersey

https://finance.yahoo.com/small-business/articles/major-middlesex-county-logistics-company-143942468.html?ref=biztoc.com

Several companies based in Parsippany have filed WARN notices in 2026, impacting a total of 243 employees. These filings indicate potential layoffs across various sectors. Specific companies include Reckitt Benckiser, RB Health, Mead Johnson, Fulton Bank, and Embassy Suites by Hilton. The notices were posted between March and May, with effective dates for the workforce changes ranging from March through October. The exact reasons for these layoffs and the fate of the affected positions were not disclosed in the filings.

Parsippany, New Jersey

https://parsippanyfocus.com/multiple-parsippany-companies-file-warn-notices-in-2026/

Over 2,600 companies have initiated layoff events impacting more than 230,000 employees in 2026. This trend, while significant, shows a 40% decrease compared to the same period in the previous year. Artificial intelligence is frequently cited as the primary reason for these workforce adjustments. However, some analyses suggest that cost-cutting and restructuring may be the underlying drivers. The technology sector has experienced the most substantial job cuts, though manufacturing, retail, and financial services have also seen reductions.

United States

https://eciks.org/13243-29978-employee-layoffs-2026-230000-workers

Although the exact day to announce this is still being decided to manage the optics, there will be significant layoffs in the it space shortly.

How many were laid off last week?

LeeMAH Electronics is implementing significant layoffs, impacting 212 employees. The company cited "changing business needs" as the reason for these workforce reductions. These job cuts are scheduled to occur in two phases later this year. The manufacturer specializes in prototype and production printed circuit board assembly.

Brisbane, California

https://www.bizjournals.com/sanfrancisco/news/2026/07/10/sfbt-digest-friday-chevron-alameda-health-leemah.html