#layoff

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SK Letter

This morning's memo from SK is effectively confirmation of everything we have been discussing. In corporate communications, an executive letter like this is called a "Pre-Announcement Framework."

When a CEO writes a long, weirdly emotional, metaphor-heavy letter (the fishing analogies, "caring family," "peace of mind") to the entire continent, it is designed to soften the blow for what is coming next.

Strip away the awkward language ("gently turn," "beautifully evolve") and look at the cold corporate math, this letter lays out the exact roadmap for the upcoming RIF. And it was painfully obvious.


New Wave of Layoffs Coming

Well, what leaders, especially certain SVPs, VP’s, and Sr. Directors, have been waiting for has happened. The $100K H1B visa fee has been blocked by a Federal Court. The wheels are already turning in RR and Austin to start lining up all the relocations from India to the US. While those are in process, a new large round of US citizen layoffs is in the works. My SVP is an Indian, and I just overheard his conversation with his Indian Sen. Director to start looking at Bangalore candidates to consider moving. It’s never going to end!


Why cling to a company that doesn’t want you?

I’m genuinely curious. Why are you clinging to a company that no longer wants you?

I was an IC that took initiative and did impactful work that improved the performance of my entire team many times but my manager’s actions showed that they didn’t appreciate me or value me so I volunteered to be laid off and I was.

Actions speak louder than words and I think many of them look down on their underlings. So why are you clinging to these arrogant a**holes?


Eric moving forward

Just saw a post on LinkedIn that was

Excited to share my next chapter at Xerox! And then the post went on to share that this person moved into a director role and how they will continue to help Xerox on the transformation journey.

What wasn’t said but I bet is true: 1) this person is part of the 20% moving up at Xerox 2) while others whine about no pay raises this person created their pay raise 3) this person will continue to change Xerox for the better.

Congrats to another 20% worker changing our company for the better. Yes this was posted in the last 24 hours and this person moved into a new position after a round of lay offs.


Clues that the layoffs were coming

Let’s talk about what happened in May. I was in the layoff group and I’ll tell you my clues specifically in wealth that I picked up on that warned me ahead of time. Granted I wanted to be laid off so I could leave with severance.

  1. Wealth head’s cryptic email and the news that never came even after months.
  2. Promotions and salary increase freezes because of the pending news
  3. Managers, directors, and VP’s were literally all clueless and left in the dark about any news and left to fend for themselves with questions and comments from associates.
  4. Rumors circulating about the increased number of days in office. VP’s receiving strong messaging to make sure their associates were adhering to connect week policies.
  5. Managers acted like everything was going to be okay and everyone’s narratives were all mixed and based on rumors
  6. Contracts were not renewed for a very large group of contractors
  7. Inner rumblings of turf wars happening between groups within wealth
  8. Wealth head and Abby were radio silent to the broader group of the org
  9. Heavy focus on how AI can ‘help’ associates lighten their load
  10. all hands meetings, syncs, and broad group meetings were out of nowhere canceled stating it would be rescheduled later.
  11. Meeting invite from my manager popped up late evening when we already had a scheduled 1-1 later that week.

Layoffs at Amana plant

Nearly 300 people shown the door. This is definitely not all, considering that layoffs are supposed to be part of modernization plan announced a few months ago. I'm betting they'll "modernize" even more people out of their jobs before they consider it over. Sad days in Amana.


HR & Finance: Over 300-400 people Each (Over 800)

I understand that we have to go through a RIF with Engineering and Products.

However, why do we have so many people in HR and Finance? Not to mention the recruitment department where we currently have no hiring to do, yet there are around 50 people in that team. We also have over 90 people in L&D and 100 in marketing, yet we have had to cut roles in Engineering.

Many tech companies cutting the size of their HR departments - even Uber has done so recently. META and Salesforce too.

This feels like a very targeted and poorly thought through process. Arguably, AI is capable of replacing far more roles in these functions than it is in Engineering and Products.


Apple, Wells Fargo, Gilead Plan June Workforce Reductions

Apple, Wells Fargo, and Gilead Sciences have scheduled layoffs. These job cuts are set for June 2026. Industry experts question AI as the primary reason for these reductions. Many believe AI is a convenient excuse for other financial pressures. Over-hiring during the pandemic and high interest rates are also key factors.

http://www.msn.com/en-us/money/companies/apple-wells-fargo-gilead-among-firms-announcing-june-layoffs/ss-AA24zvWn


Republic National Distributing to Cut Ohio Jobs

Republic National Distributing Co. plans to lay off 56 employees. The company will cease operations at three Ohio locations. Two of these sites are located in Greater Cincinnati. These moves follow several months of downsizing. A potential sale of its Ohio facilities is under consideration.

Cincinnati, Ohio

https://local12.com/news/local/republic-national-distributing-layoffs-cincinnati-ohio-pending-sale-unemployment-jobs


Gallo Closes Lodi Facility, Lays Off 20 Workers

Gallo is closing its Lodi crush facility. This action will result in approximately 20 layoffs. The company cited available capacity at other regional wineries. This is one of several recent closures for the wine giant. The California wine industry faces a three-year crisis due to declining consumption.

Lodi, California

https://www.sfchronicle.com/food/article/wine-gallo-lodi-crush-facility-wine-22294910.php


Bell Textron Announces Layoffs, Furloughs

Bell Textron has announced layoffs and furloughs for employees at several facilities, including its Wichita operation, with reductions that primarily affect personnel assigned to the MV-75 Cheyenne II future long-range as--ult aircraft program, according to the Fort-Worth Star-Telegram.

https://www.aero-news.net/index.cfm?do=main.textpost&id=F46807DA-1E6B-49D8-B51A-5D2ABE4B04B1


Getting laid off from Citi turned out to be the relief I didn't know I needed

I thought losing my job at Citi would hurt more, but it turned out to be freeing. The nonstop grind and scrambling just wore me down day after day until I could barely remember what normal felt like. I won't lie, it stung for maybe a week or two, but now I'm just relieved to wake up without that weight on my chest. Found a new job within two months, so there's that as well. All in all, a net positive for me.


No warning

People were let go with no warning. None. That's the scariest part of this whole thing to me. If there had been at least some indicator, something. But being a high performer and one of the most experienced people there, only to have the rug pulled out from under you like that... I feel so bad for them.


UBS Plans 65 Layoffs in Weehawken

UBS Financial Services will lay off 65 employees. These job cuts are scheduled for August 26. The affected office is in Weehawken, New Jersey. This marks the second layoff notice from UBS this year. The reductions follow the company's 2024 acquisition of Credit Suisse.

Weehawken, New Jersey

https://www.nj.com/hudson/2026/06/financial-giant-plans-168-nj-layoffs-after-blockbuster-acquisition.html


Employment up, yet companies keep cutting

Major U.S. employers issued the fewest layoff announcements in May. USA TODAY tracked 250 mass layoff notices affecting 32,000 workers. Spirit Airlines accounted for nearly 7,000 of these job cuts. The airline announced a shutdown and ceased all flight operations. This occurred despite U.S. employers adding 172,000 jobs in May.

https://www.usatoday.com/story/money/2026/06/06/may-job-layoff-warn-tracker/90425986007/


Sunday. #FearDay

How many if you try to enjoy your Sunday...but in the back of your mind wonder if tomorrow's Monday brings that HR meeting and the Hallowed "Reading the prepared text" letting you know your position has been replaced by a cheap labor offshore or A.I.?


Avoiding Competitors to keep severance?

I have been applying everywhere, but specifically avoiding places like Optum, UHG etc, where I’m pretty sure I would get hired. I want to keep saving my severance. Has anyone else taken this approach or am I remembering the severance package terms incorrectly?


Invista Kingston Reduces Workforce Due to Unprofitability

Invista's Kingston plant is laying off over 100 workers. These job cuts are part of a company-wide restructuring effort. The company has not been profitable, with costs exceeding its value. Layoffs will occur between June 21 and August 2. Invista aims to become leaner and more cost-efficient for a profitable future.

https://www.thewhig.com/news/more-than-100-jobs-cut-at-invistas-kingston-facility


Noble Inc. Cuts 80 Jobs in Strategic Realignment

Noble Inc. announced layoffs affecting 80 employees. The terminations will occur at its Indianapolis facility through August 2. The nonprofit is discontinuing Community Living residential services. This is part of a strategic realignment and due to funding uncertainty. The change affects 38 individuals receiving residential services.

Indianapolis, Indiana

https://wibc.com/888986/80-employees-laid-off-at-indy-nonprofit-aimed-at-helping-people-with-disabilities/