#cuts

May the odds be ever in your favor.

There were some rumors of more cuts at the start of June, what happened with that?

Bell laid off 300 individuals, mostly related to the MV-75 program. Due to cost cuts and the program transitioning out of design and into production.

Years of hard-earned shares, gone in a jiffy. People poured everything into their roles, and just because the company decides that a role no longer exists, with zero explanation, zero rationalization, employees are left holding the loss.

And the timing? May 31st. Current quarter incomplete. Not only do you lose the shares you earned over years, vesting over the next 3 years, you lose out on the current quarter too.

How is any of this fair?

The shares should be paid in full as those were allocated on the basis of the hard work done so far. This was definitely not expected from Fidelity.

Anyone know if there will be new layoff rounds in June? Hearing rumors that layoffs could become a quarterly occurrence. Any insight on whether there might be cuts next week, and if they would be concentrated in STS or spread across multiple organizations?

Friday isn't usually a layoff day, so I'm thinking no, but if anybody knows for sure, please share.

Fidelity layoffs hit Covington campus

CINCINNATI (Cincinnati Business Courier) - Fidelity Investments has laid off several people from its Covington campus.

https://local12.com/news/local/fidelity-investments-layoffs-hit-covington-campus-employment-unemployment-jobs

Cybersecurity company SentinelOne plans to lay off hundreds of employees. The cuts are expected to affect approximately 10% of its global workforce. This totals around 300 employees worldwide. The company faces intense competition and slightly weakened profitability. SentinelOne will announce the layoffs with its financial statements.

https://www.calcalistech.com/ctechnews/article/bk7cn6rxfx

Do layoffs work like trash days? When there is a holiday, trash pick-up comes a day later than the regular scheduled day. Monday was a holiday this week. Does that mean layoffs will be Friday, May 29 instead of Thursday, May 28?

Columbia College recently laid off six tenured faculty members. This action addresses declining enrollment and a growing budget deficit. The college has now cut 54 full-time faculty since January 2025. The layoffs impacted the Schools of Communication and Culture and Design. Affected faculty will receive pay through the next academic year.

https://columbiachronicle.com/campus/breaking-college-lays-off-6-tenured-faculty-in-fourth-round-of-cuts/

NPR implemented staff reductions following a round of voluntary buyouts. The total workforce reduction amounts to fewer than 30 employees. Most employees accepted buyouts, but 10 journalists were laid off. The content division saw a cut of approximately 4%. These actions address financial pressures from declining revenues.

https://current.org/2026/05/npr-reduces-staff-through-layoffs-buyouts/

They always have an excuse on earnings calls. Covid, Presidential elections, war, gas prices, etc. When will analysts call their bluff? They’re so far off from paying off their debt. If they don’t do sell offs, they will continue to cut expenses (headcount) every quarter to make the numbers look better.

@e2+1kr1f5ck0 said it perfectly.

For those that keep asking the question about more cuts coming, the answer is yes!

https://www.tmonews.com/2026/05/leaked-timeline-suggests-t-mobile-is-nearing-an-all-t-life-future/?amp=1

Anything else getting hit or is this round just for Optum?

As in July or August?

Highlands Community Charter and Technical Schools announced layoffs. Seventy-nine employees were impacted by these job reductions. This occurred days after the county board voted to keep the school open. The school cited operational and financial realities for the cuts. It aims to strengthen academics and ensure long-term sustainability.

Sacramento, California

https://www.abc10.com/article/news/local/california/highlands-charter-school-announces-layoffs-days-after-county-vote-keeps-school-open/103-b29a26dc-efc6-40f4-b7a0-9770c59766cc

The golden years are long gone. To compete with price slashing, we have to almost give away our product. This leaves less to work with. Though cost cutting has been a theme the past 5 years. But this past year has reached Sprint levels. Do more with less people and money but be happy about leadership's questionable decisions. It is scary the similarities of what Sprint went through before being destroyed and what we are seeing today within. A sad coincidence we added yellow to our colors. On top of all that weight from above, customers are getting worse. Not just with us but everywhere. The entitlement norm and lack of compassion or respect of fellow humans is a crazy strain on workers already looking over their shoulder.

@xx+1kqqf7e4m makes an excellent point.

Do you have any info on this (BTD and BTC Layoffs - Q3/Q4 Prediction)? Given the stock valuation they will have to find $$$ somewhere. Chime in if you have any info.

I'm not asking if there is a LR or not (we're past that) but % wise

Oracle is preparing to us all off!

JPMorgan Chase conducted layoffs in New Jersey this year. Novartis also implemented layoffs in the state. Both companies have had three rounds of staff reductions. Meta, owner of Facebook, announced New Jersey layoffs. British bank Barclays is also letting go of staff in the state.

New Jersey

https://www.northjersey.com/story/news/business/2026/05/26/barclays-jpmorgan-chase-meta-and-novartis-to-lay-off-hundreds-in-nj/90259954007/

Republic National Distributing Company (RNDC) announced significant layoffs. The company plans to cut 267 jobs in Washington. An additional 53 employees in South Dakota will also be affected. These actions are ahead of potential distribution rights or operations takeovers. RNDC also issued WARN notices for nearly 150 layoffs in Oregon last week.

https://www.bevnet.com/spirits/2026/rndc-layoffs-continue-in-wa-sd-ahead-of-potential-deals

That are your thoughts?

Should I open a wager on PolyMarkets?

High performer with excellent performance assessments, but I can't do it anymore. Staff cuts have us at bare bones. We do not have the staff to do even an average job anymore, forget about excelling. All we do it jump from one fire to another, a little here and a little there, trying to satisfy everyone and actually not accomplishing anything. Client satisfaction is not even on the radar. Job satisfaction is non-existent. I'm done.

The rumors have been floating around for weeks now that more is coming, but nothing official just yet. Has anyone heard a date or even a rough timeline for when the next round is supposed to start?

This doesn’t feel like isolated cuts anymore. It feels more like they’re opening and closing the faucet so they don’t flood the house all at once. But the flood still feels like the end goal, just delivered gradually enough that people get used to it.

Belleville High School students protested district budget cuts on Friday morning. Approximately 100 students staged a walkout and rally. The Board of Education decided to lay off 29 staffers. These cuts are intended to address a $3 million deficit. Students expressed concern over losing teachers and mental health services.

Belleville, New Jersey

https://newjersey.news12.com/2026/05/22/belleville-students-protest-budget-cuts-that-will-cost-teachers-jobs/5ShODqheJrQOhTk3VBbv6a

Do they not realize that happy workforce equals profits and unhappy one brings major drops in productivity? It's been proven again and again. What's their aim here? To keep making us more and more miserable until what? We quit? Is that what this is all about?

The Plymouth County Sheriff’s Office announced 33 layoffs in early March. These cuts primarily impacted the Bureau of Criminal Investigation. The office cited budget constraints as the reason, aiming to save $3 million. Local police chiefs are concerned about reduced crime scene investigation resources. The full effect on local agencies may not be clear until next year.

Plymouth County, Massachusetts

https://sippican.theweektoday.com/article/plymouth-county-sherrifs-office-layoffs-may-have-ripple-effects-small-towns/157374

I think revenue will continue to decline, staff numbers will decrease every year and the company might survive as a content company , cloud based with around 8k employees

It's also conceivable that content may not even save us as better products become available. If this is the case then the company will likely dissolve in around 5 years time

Superintendent Priya Tahiliani announced upcoming layoffs. These affect Brockton Public Schools. Forty-three teachers union positions will be eliminated. These cuts are for the next school year.

Brockton, MA

https://www.enterprisenews.com/story/news/2026/05/24/brockton-top-stories-bunceys-golf-city-school-layoffs-fatal-crash/90182533007/

The Montgomery County Council approved a $7.9 billion operating budget. The spending plan covers fiscal year 2027. It falls $36 million short of the school system's request. Hundreds of MCPS positions will be eliminated to close this gap. The budget also includes changes to the county's income tax structure.

Montgomery County, Maryland

https://www.mymcmedia.org/the-pulse-on-maryland-ballot-blunder/

The Pajaro Valley Unified School District board approved final layoffs. Approximately 100 full-time equivalent positions were eliminated. These cuts affect special education staff, teachers, and mental health clinicians. The district cited a budget deficit, rising costs, and declining enrollment as reasons. Staff and parents voiced strong opposition, warning of negative impacts on student support and safety.

Watsonville, California

https://lookouexample.com/pajaro-valley-unified-school-board-approves-layoffs-of-about-100-full-time-staff/story

So what do people think are the chances of serious layoffs (i.e. 2,000+ people) in August?

a.) 0% - No change
b.) 25% - So you're sayin' there's a chance.
c.) 50% - Coin flip
d.) 75% - More than likely
e.) 100% - Death and taxes

I heard Optum tech had some cuts.