#layoffs

Any rumors of a post FY layoff like we had last year?

Impacted Band 5 leaders were notified today. Anyone heard any particular department being hit?

Any impending news lately or are things still quiet?

I seriously just got a call from a recruiter asking me if I was job hunting. I said yes. He said the job was as a clinical review nurse for Centene! WTF?!! We fighting got our lives here and they already looking to replace us with temps!

Its a pity though

Q2 sales will lack both plan and the latest exec forecasts. Substantially. SVP of sales and several Director / Sr. Directors in sales will finally be fired in August. Not for missing the target, but for missing their own forecasts now several quarters in a row.

ARR in the current quarter will shrink vs end of previous quarter (for the first time). That will be the catalyst for the bigger changes:

KKR will continute to re-shuffle the board to drive more accountability.

CEO still believes that "product is fine, everything else is the problem". He'll be fired, too. Timing just depends on interim and long-term succession plan. Nobody will miss him as he's been over-promising on outside investment / recapitalization / acquisition and under-delivering.

Once that happens, the power center of gravity will shift away from product groups. Don't need as many PMs and engineers if the goal is no longer just growth (which has been embarassingly lacking). PE firms are happy with high profitability / low growth or lower profitability with higher growth (rule of 40). Any combination works for them long term and the company will be reconfigured to set and maintain the direction.

All of this will be disruptive, causing more internal power fights. Good people will leave for better opportunities (which exist for them) why others will be RIF'ed in certain areas. That will leave the company with lower cost, but also understaffed in important areas. That imbalance will prolong recovery time.

In short - long term (18 months+), Omnissa will be fine.
Short term (12-18 months), it's going to get ugly. Opportunities for smart people to navigate the disruption.

You read it here first.

To carry out put options well into 2027 and watch dells market cap collopase. Hardware is dead

The dark cloud is upon us.

Hearing there are layoffs happening at optum and was wondering if anyone has heard about layoffs in the Optum At Home dept.

Many from my UK team have been silently let go, and the remaining are looking to jump ship.

Something that executives probably are not telling you is their concern as to the unexpected costs by AI providers (vendors) for AI tokens.

AI is today actually more costly than human beings workforce performing the same tasks.

Now I know they have been telling you that their goal for AI is not to replace anyone but rather to assist them in their daily work to focus on higher learnt daily tasks. Well, that is simply an outright lie (or fabrication if I am to be more civil in my wording).

They most definitely want to replace you!

Unfortunately for them, they probably had to ramp up letting persons go before AI had “learned” everything simply because AI is costing large corporations way more monies than they anticipated. So, to keep stock prices up and shareholders happy, they have had to earlier than anticipated had to layoffs folks to offset tje high AI costs.

Notice nothing has been said yet about the true customers (aka the members) as to how things will affect them. That is because members are not even in the equation (the thinking mindset) of the executives, as to their decision making.

While I suspect the July 16th date is accurate, I believe VZ upper management is leveraging this platform to foster an environment of anxiety. This narrative feels designed to artificially drive up productivity and force compliance through job insecurity. We should anticipate VZ to run continuous fake info such as these supposed fake weekly upcoming layoffs. My strongest recommendation is to disconnect from this forum and proactively channel your energy into finding a better opportunity elsewhere. This is my last time ever opening this site. This is a psyop. Wake up.

did you make it through? how do your orgs look?

Jersey City's Mayor will formally introduce the 2026 municipal budget on Wednesday, following weeks of public hearings and the recent layoff of 31 provisional employees. The proposed budget aims to address a significant structural deficit by increasing municipal taxes by 15.5% and implementing over $58 million in spending reductions. This plan also relies on approximately $120 million in state assistance and covers $109 million in previously deferred obligations. Tensions are high as several City Council members have accused the administration of withholding financial information necessary to evaluate the proposed tax hike. The administration maintains the budget reflects extensive cost-cutting measures and fiscal responsibility.

Jersey City, NJ

https://www.tapinto.net/towns/jersey-city/sections/government/articles/this-week-long-awaited-jersey-city-budget-to-be-formally-introduced-on-wednesday

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/

I overheard some people talking in a conference room last week but I don’t know if this is true or false

Our Home is shutting down its Las Vegas plant on August 25th. This closure will result in the layoff of 61 employees. Various positions, including packers and machine operators, are affected. One plant manager position has a later layoff date of December 31, 2026. The company has not indicated any union representation or bumping rights for the affected workers.

Las Vegas, NV

https://www.fox5vegas.com/2026/07/09/snack-company-close-las-vegas-facility-lay-off-61/

A new initiative in Sault Ste. Marie aims to support Indigenous individuals facing employment challenges. The Pathways Forward Initiative offers training and job placement services. It addresses workforce instability caused by layoffs and other barriers. The program is a collaboration between local Indigenous organizations. Its goal is to foster long-term employment success and community well-being.

Sault Ste. Marie, Ontario

https://www.elliotlaketoday.com/local-news/new-indigenous-employment-program-now-open-in-the-sault-12533831

Happening right now. Seems like many are from India?

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

Hundreds of healthcare workers in Vermont gathered to protest upcoming layoffs at UVM Health. They expressed concerns about the impact on patient care and their own livelihoods. The rally highlighted the significant number of employees facing job losses. Organizers emphasized the importance of retaining experienced medical professionals. The demonstration aimed to pressure the health system to reconsider its decision.

Burlington, VT

https://www.wcax.com/video/2026/07/12/hundreds-vt-healthcare-workers-rally-against-uvm-health-layoffs/

The Santa Barbara County Health Department will reinstate fifteen positions previously impacted by layoffs. This reversal is due to a revised state budget that provides additional revenue for the department. The restored roles include various clinical and administrative staff. This funding allows the department to increase productivity and improve workflow efficiency. The department is using this year to enhance operations in anticipation of potential future budget changes.

Santa Barbara, California

https://www.noozhawk.com/county-health-will-restore-15-positions-after-layoffs/

So most thought by July a package would come .Now I hear there’s discrepancy on how many or who even on the amount

We all know the 7/16 day.. with CXO likely to be impacted.. does anyone have any insight in what deaprtments within CXO will be impacted.. Care, Tech, Bilingual or Case.. or all in some shape or form??

A federal judge has issued an injunction preventing the Consumer Financial Protection Bureau from proceeding with layoffs. These layoffs specifically targeted employees working remotely or in telework arrangements. The injunction was granted following a lawsuit filed by affected workers. The court's decision temporarily halts the agency's plan to bring these employees back to Washington D.C. or terminate their employment. Further legal proceedings will determine the ultimate outcome for these CFPB staff members.

Washington, D.C.

https://www.wusa9.com/video/news/politics/federal-fallout/federal-injunction-blocks-cfpb-layoffs/65-77d0cc00-0855-45cc-be8e-b101d7cec4b1

Over 400 employees, including many teachers and aides, were initially laid off by the Cleveland Metropolitan School District. Nearly 130 of these individuals have since been recalled to their positions. This recall process is guided by a union contract that prioritizes laid-off staff for open roles. Despite these recalls, the district anticipates a significant reduction in overall staff for the upcoming school year. The district attributed its ability to rehire staff to creative resource reallocation and public pressure.

Cleveland, Ohio

https://signalcleveland.org/since-layoffs-dozens-of-cleveland-educators-have-been-recalled-to-cmsd/

Amazon has recently implemented significant layoffs. These job cuts are occurring within a competitive and saturated employment landscape. The company's actions are contributing to a challenging environment for job seekers. This situation highlights broader trends in the technology and logistics sectors. The full impact of these reductions is still unfolding.

Seattle, Washington

https://theloadstar.com/cnbc-amazon-layoffs-take-their-toll-in-saturated-job-market/

Connecticut manufacturers face a persistent skills gap, with companies struggling to fill open positions despite recent layoffs at larger firms. The demand for specialized skills, particularly in advanced manufacturing and defense sectors, outstrips the available workforce. Major hiring pushes by companies like Electric Boat exacerbate the problem, drawing talent away from smaller suppliers. While some displaced workers are available, their skill sets often do not align with current industry needs. This situation necessitates significant investment in training and development for new hires, a costly process for many businesses.

Waterbury, Connecticut

https://hartfordbusiness.com/article/skills-mismatch-factory-layoffs-arent-solving-manufacturers-hiring-problems/

Bethesda union workers are organizing a "Save Our Devs" march to protest recent Xbox layoffs. The OneBGS union represents affected employees and seeks better protections. The protest will occur at multiple ZeniMax office locations. Workers are demanding improved severance packages and healthcare support. They also want opportunities for affected employees to transfer to other roles.

Rockville, Maryland

https://chshyd.in/gaming/bethesda-union-members-plan-july-15/

Many technology firms are implementing frequent workforce reductions, often termed "continuous tuning," as they navigate evolving business priorities and invest heavily in artificial intelligence. This trend, observed across major companies like Microsoft, Amazon, and Meta, signifies a shift from cyclical layoffs to a more persistent strategy. Companies cite the need to reallocate resources towards AI development and adapt to technological advancements as primary drivers for these adjustments. While some layoffs are attributed to post-pandemic restructuring, the increasing mention of AI alongside workforce cuts on corporate calls highlights its growing influence. Experts suggest this approach, driven by uncertainty and competitive pressures, is likely to become a norm in the tech industry.

https://www.businessinsider.com/why-tech-companies-keep-doing-layoffs-ai-2026-7

A new survey reveals that a significant majority of U.S. workers support the creation of an AI wealth fund. This sentiment arises as tech layoffs continue to increase, causing widespread job security concerns. The proposed fund would mandate AI firms to transfer a substantial portion of their stock to public ownership. Proponents believe this will ensure the benefits of AI are shared broadly. This initiative aims to address public frustration over corporate profits versus worker displacement.

United States

https://www.cnbc.com/2026/07/12/majority-of-us-workers-support-ai-fund-amid-tech-layoffs-survey.html

When headlines like this appear in the Detroit newspapers, written from Ford press releases by lazy “reporters,” two things are imminent: bad earnings reports and layoffs.

What do you think about those dashboards that will be launched soon and how do you think they will be utilised by the business?

Will they induce layoffs based on attendance?

I am just a T3 employee do I don't know who is going to be laid off. But I am super frustrated with the current messaging by upper management in all areas.

Design has become super important and we are hiring designers like crazy. This should not be the case because design is one of the areas where we need less people as AI has made prototyping easier.

Developers are super important and I hope they don't cut any. Not because I am a developer but because a conventional developer is not equivalent to an AI developer and almost no one gets this. As a tech company, we need more developers not less.

Development Managers is a really bad role now. This used to be a role consisting of developers who wanted to be managers as well. And they are supposed to be able to "develop" their reports from a technical perspective. But a majority of these new development managers from HPOM are not technical at all and don't understand the basics. We now have product owners, agile coaches and even retail managers and DEI coaches as development managers. SAP is increasing the number of development managers of poor quality with no added benefit.

We need more QA colleagues.

AI cannot replace support colleagues and we need to find a more sustainable way to deal with this.

And we probably should replace all executives with AI because they don't seem to do anything for the benefit of customers or stakeholders. They are too obsessed with getting their pensions.

This isn’t investment advice. Just sharing something I read because there was a lot of hype around the SpaceX IPO on this very forum.

https://x.com/gnoble79/status/2076080526042038465

The largest IPO in history is also shaping up to be the largest exit liquidity operation in history

SpaceX went public at more than 90x revenue, and the insiders who bought in at a fraction of today's price are about to start selling their shares to you.

Let me walk you through why this IPO is built to separate retail investors from their money:

SpaceX has NEVER turned a profit and lost close to $5 billion last year.

At the offering you were paying more than 90x revenue and at the peak the market briefly valued it near 140x.

30 years ago the head of Sun Microsystems explained in detail why paying even 10x revenue almost always ends in tears, and he was right.

But listen closely, because the valuation is not even the real story.

The scarcity is what CREATED this valuation in the first place, and the calendar that ki-ls the scarcity is what ki-ls the price.

Less than 5% of SpaceX shares were actually available to trade at the IPO. Then the index committees REWROTE their own rules to fast track the stock into the Nasdaq 100 just 15 trading days after listing, which forced every passive fund and index ETF in the country to buy at the exact moment the float was at its tightest. The Nasdaq inclusion alone forced an estimated $4.3 billion of buying, and the Russell reweighting added roughly $3 billion more.

The supply was minuscule and the buying was mandatory. That's a manufactured squeeze, and it is why the stock went above $225 in its first week.

Now watch what happens next, because this is the part they ain't explaining to you:

The lockup was staggered on purpose, and the entire schedule is sitting in the prospectus for anyone who bothers to read it.

In early August, right after Q2 earnings, 20% of the locked shares come free. Another 10% unlocks early if the stock trades 30% above the $135 IPO price going into the report.

Then tranches of 7% hit the market at 70, 90, 105, 120 and 135 days after the IPO, which means fresh insider supply lands roughly every 2 to 3 weeks from late August through late October.

Q3 earnings triggers the single biggest release of all, another 28%, roughly 1.3 billion shares. On December 8 the 180 day lockup expires entirely. And on June 12, 2027 comes the final wave, when Musk's own 6.4 billion shares, 42% of the whole company, become sellable for the first time.

Add it all up and insiders could be free to sell as much as 44% of the company by early September, which would balloon the tradable float by roughly 900%.

All of that supply lands on a stock the company deliberately packed with retail, because SpaceX reserved close to 30% of the offering for individual investors vs the usual 10%.

This deal created over 4,400 paper millionaires inside the company. You think none of them are looking to cash out?

Early holders are already loading up on puts to lock in what they have.

First they keep the float tiny. Then they let the index rules force the world to buy at the top. Then they release a flood of insider stock into a crowd of retail buyers who were handed the shares up high.

When the price finally breaks the offering level, the people who got in years ago at pennies on today's dollar will hit the bid, and the exit liquidity is your retirement account.

And what are you actually left holding? Strip away the science fiction and the only business inside SpaceX that reliably earns money is Starlink, which produced $1.2 billion of operating income last quarter. A wonderful business worth hundreds of billions on its best day. NOT $2 trillion.

Serious fair value work lands around $30 a share.

Nobody has been a bigger bear on this deal than me. I called it out the moment it started trading, and it is already playing out on schedule as the shares have given back the entire squeeze and slipped below their opening print.

I was Peter Lynch's auto analyst back in 1981 and I have watched every disaster since, and I am telling you this is one of the great wealth transfers of my lifetime packed into a fancy narrative.

Tesla was the biggest misallocation of capital in the history of stock markets. SpaceX may have just surpassed it.

SPCX goes straight onto my short list, and the beauty of this setup is that the catalyst is not a guess or something, it is literally a PUBLISHED CALENDAR.

This is the most grossly overpriced stock at scale that I have ever seen.

It is tough out here finding a new job. If you have one with benefits and good pay try to make it work. It will get better some day, but it is really bad right now. I have been looking for a while after leaving Oxy and the whole job situation has changed. On the techinical side each opening (if it is really an opening) gets 100's of resumes if not more. A lot of the jobs are ghost jobs on LinkedIn and other sites, and it is just a je-k around of people trying to get your data and then selling it. I have applied to many jobs and got one Teams interview and that had been it. I know sometimes your situation might be bad at work, but believe me it is terrible out here on the job market. I am not with HR and just want to let all my old Oxy co-workers know how bad it is. Make the most of what you have in hand.

So once the VSP requests are all processed by/before the 27th, how long do you all suspect it'll be before the involuntary layoffs begin?

Do you think we will see layoffs this year? Or is the only way out to quit? With all the work there is I can’t imagine there will be any layoffs. They’re even taking work from other locations and need to hire. Even AI is causing more work.