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Coinbase Reduces Workforce, Citing AI Efficiency Gains

Coinbase is reducing its workforce by 14%. CEO Brian Armstrong shared the news on X. He cited a need for greater company efficiency. Armstrong also noted AI's impact on changing work processes. Engineers now use AI to complete tasks in days that previously took weeks.

https://www.businessinsider.com/coinbase-layoffs-ai-brian-armstrong-job-cuts-letter-2026-5


Expense Management

Looks like Mother Mutual is not only downsizing its company vehicle fleet, but also its executive jets.

No more Challenger 600's.

Now its down to four Gulfstream GVII (no, that's not GV eleven, Ms Ilhan Omar).

https://www.planespotters.net/airline/State-Farm


Would you buy a Ford vehicle? Like=yes Dislike=no

Curiosity poll after reading the “Is anyone else pi---d that Ford is giving A plan to everyone?” Thread. I’d love to buy what I work on, but definitely an ignorance is bliss thing. I know what’s wrong or ongoing issues, so I wouldn’t choose or recommend certain vehicles to friends or family. As a buyer you don’t know otherwise unless told so.
Feel free to leave your reasons why yes or no.


Someone asked me recently if they should take a job at Exxon

I told them no, not unless truly desperate. The hours are long, the pressure is constant, and the company treats employees like they're disposable. Take a job here and expect to have no life outside of work. And to think that I used to recommend this place to people.


RTO

With more and more organizations going to 5-day RTO, I'd expect a mediocre, follow-the-herd company like Cigna to fall in lockstep within the foreseeable future.

Evanko's Town Hall comments about the wonders of having a "best friend at work" just seemed to be laying the foundation.

Anyone with educated guess and/or practical insight and willing to comment?


Estée Lauder to Cut 10,000 Jobs Globally

Estée Lauder announced an increase in its layoff target. The company now plans to cut up to 10,000 positions. This is an increase from the previously announced 7,000 layoffs. The move supports the company's revitalization plan. Shares rose significantly in pre-market trading following the announcement.

https://www.bitget.com/asia/amp/news/detail/12560605393878


Return to Office means exactly that. RETURN

I see people bragging that they badge in, have a coffee and leave. That is not return to office and is in violation.

If you want to work remote, that is your choice but work remote with a different company. I go in at least 3 days, some weeks I go in all 5 days.


Congrats! Most Active Page on Layoff.

I like to check in from time to time and see all the juicy gossip around this disgraceful company you call TransUnion. How's it feel to sit on pins and needles waiting for those layoffs? My currently doesn't have one entry on this site. As a past employee of TransUnion who put in 20 plus years of service to be axed by lay off which NO notice, not two week notice just a phone call between a director and HR that my position wasn't available but I worked from 11 pm to 2 am the night/morning previously when was my part no longer required was my only question? The company run by CC and his Neustar buddies.

Just as a reminder for those who work at TU. Quantity over quality when you work. Take your FTO as many as you can, at least 10 weeks. Take those long breaks Those two days in the office do the minimum, the 3 days WFH make sure you run errands, hit those gyms, quality time with families because CC and his teams don't care about you. You are just a W2 at the end of the day. Work those 8 hours and go home get off teams turn phone off. Unless you on-call then make sure you have phone only turned on during that time otherwise - manage your time, NOT TU TIME.


Don't be so negative! Don't work too hard and collect the paychecks!

It is a good place to work. Hear me out. The senior slackers and butt kissers have taught me well.

  1. It's a job with decent pay and benefits, but it's just a job.
  2. Put in the 35 hours a week. Don't milk it too much. Even if you work at McDonald's, you have to put in the hours.
  3. For those hot projects and rushes, put in the 40 to 45 weeks. Possibly, a weekend too. Collect the kudos, high-fives, and pats on the back; these will buy you slack when you need it. Don't forget to give some back too.
  4. No matter how you really feel. Just act friendly. Put on a fake smile and say hi. Don't be anti-social. Go the extra mile and ask if they have plans for the weekend or ask them how their weekend went. Pretend to care.
  5. Don't feel like going into the office for a few days. Want an extra day to recover from that long fishing weekend? Let your manager know that you've come down with something. Tell them that you don't want to come in and share it with everyone and that you'll work as much as possible from home. Even if you can, don't work those long hours at home. Put on a good act for a good show.
  6. Want to go home early. Let your coworkers and manager know that you're not feeling so well. What can they say?
  7. Don't be shy; give your co-workers and manager a kudo once in a while. Even if it's just a thank-you. It's an easy way to brown-nose.
  8. Dress decent. Dress for success. Dress for the job. Don't be a slob.
  9. Don't install the company apps on your phone. Trust no one.
  10. Never do personal stuff on your company laptop or devices. Do it on your own device. Don't give them the chance to track your activities.
  11. Never give bad feedback. Always pretend that all is positive.
  12. Always attend your meetings; this includes the company-wide ones. Never know who's tracking attendance.

Now you know how others survive, even if they have poor skills and are clearly not performing.

It's an easy ride. Enjoy it!

Now go to work and put on a good show. I do, and you can too! Practice makes perfect!


RTO is largely a job cutting exercise and nothing more

WFH was a success during COVID and could be at any time, it's the person doing the work, not the location. We sell global connectivity yet we do not want to connect employees who are also customers. We all know right now it's a 'do as I say, not as I do'. I'd respect honesty; yet that is not what the top brass offer normally; it's usually smoke and mirrors.

If AT&T wants to reduce its footprint, what better way than making the employee provide their own office? Case closed!

@rw+1kqf86bry is 100% right.


Vertex Cuts 170 Jobs for AI Focus

Vertex plans to lay off 170 employees. This decision supports a strategic shift. The company aims to become AI-first. CEO Christopher Young announced the change. The layoffs are part of this AI transition.

Philadelphia, PA

https://www.bizjournals.com/philadelphia/news/2026/04/29/vertex-lays-off-9-of-workforce.html


AI-mad Verizon to continue with cuts after CEO's jobs warning Verizon CEO Dan Schulman has now completed the 13,000 layoffs

#AI-mad Verizon to continue with cuts after CEO's jobs warning
Verizon CEO Dan Schulman has now completed the 13,000 layoffs he promised last November, but more could lie ahead. [ Lightreading 📰].

Iain Morris,International Editor,Light Reading — April 30, 2026

Company bosses occasionally praise their employees in public and note the importance of talent. That doesn't quite ring true when they are cutting thousands of jobs, as many are, which might partly explain why lauding AI is now much more fashionable. Attributing job cuts to the solid efforts of the new AI recruit, which bosses have anthropomorphized by saying it is an "agent" or does "reasoning," is even trendier.

It's quite a turnaround from a few years ago, when linking #automation, let alone AI, to job losses was as taboo as nudity in the workplace. No, no, managers frowned, new tech will merely liberate workers from drudgery and provide time for more satisfying pursuits. This was obviously before generative #AI (GenAI) threatened to liberate content creators from creating content so they could spend more time cleaning laptop screens or making tea – until GenAI turned out to be a duff substitute prone to mendacity.

Regardless, investors, if not employees, like the sound of a super-lean and highly profitable company run by AI rather than people. Fearful of missing out on a new tech bonanza, authorities have stopped worrying about the risks and jumped. Suddenly, the hallucinating software developed by a strange cult of effective altruists is being foisted on the world's population by governments and companies of all types. No longer taboo, the linkage between #AI and #joblessness has been normalized in that process.

Into this maelstrom stepped Dan Schulman on October 6 last year, when he was appointed CEO of Verizon, one of the biggest telecom operators in the US (and, therefore, the world). It has been a major US employer, with more than 180,000 members of staff back in 2012. Yet by the time Schulman joined, just 100,000 were left after multiple rounds of restructuring and #layoffs.

Schulman's Verizon shrank even more rapidly during his first three months in charge and already seems to feature more agents than The Matrix. It's "where we have agent-building capabilities," was how he described part of Verizon's AI tech stack to equity analysts on the company's earnings call this week. Another layer "is where we deploy agents," he continued. The cost cutting looks set to go on.

'Never send a human to do a machine's job'

In the last decade, most of the job losses at #Verizon have had very little to do with AI and almost nothing to do with its generative version, which did not even exist until around three-and-a-half years ago, when the company was already down to fewer than 120,000 employees. Even so, another 30,000 had disappeared by the end of last year, including about 10,000 since Schulman took over. In November, he had warned staff of plans to cut 13,000 jobs. All those now seem to have been cut. "We're running leaner with the 13,000 reduction behind us," said Tony Skiadas, Verizon's CFO, on the earnings call.

https://www.lightreading.com/ai-machine-learning/ai-mad-verizon-to-continue-with-cuts-after-ceo-s-jobs-warning


Reading between the lines

If you look, you can see what’s going on. Management not really enforcing 5 day RTO. Snacks/eggs not being restocked. Soda/coffee/water machines taking days to refill.
The company is feeling the cost squeeze of offering those things now that they have to save for the new .
So they look away on you coming in 2-3 days, and you look away on all these amenities they lured you back with.


Are you included in the Great Place to Work survey?

This year’s Great Place to Work survey used a restricted participant list. In my memory, in the last a few years, everyone around me anticipated the survey. Is management trying to avoid honest results? Or the company is trying to save money by reducing the survey sample size?