#layoffs

https://betakit.com/opentext-lays-off-two-percent-of-its-workforce/

So I was just sitting here thinking.. Did they move the stock together to October in order to avoid paying them out for a Rif that is planned?

Full disclosure I am not aware of how the payouts for the big Rif worked. Did they accelerate all stock together grants and pay them out?

Why else would this have been moved to October?

Thanks in advance. Hope everyone is surviving out there.

Does this mean we are about to get RIFed?

It seems that there are a lot of people from the UK visiting Westlake this week, but not much chatter about it. Is this related to the impending plans for layoffs?

Everyone knows that layoffs are coming and the company is restructuring. We also know that WF has no qualms about doing so ethically or unethically. The question is, why aren't we doing everything we can to fight back? The company doesn't care if you get displaced and lose your severance. Trying to play the games leadership makes is only going to hurt everyone in the long run.

Newsflash, you're out of a job. It's no longer a matter of "if" but "when". So you can't save your package or your income here. But what you can do is document everything, practice malicious compliance, and report what you see to your local bureaus/attorney and make the restructuring process as slow and painful for the company as possible. Go to the press and submit anonymous information even.

Because if you got by the mentality of "at least it wasn't me" otherwise, then guess what. You're still going to end up laid off and then come here to complain about how "it's not fair." At least this way it forces leadership to think twice about the battles they pick. And maybe, just maybe it buys you and everyone else some time to get ahead of the curb before they start firing soon instead of complaining constantly, not doing anything about it, and then wonder why things are still toxic here.

SV was concerned and confused about the fact that 105 people voted on the Slido question...ELT will lie to our faces and call us crazy for questioning them

Quote from earnings call:

"While we continue to drive ASV growth, we are focused on capitalizing on our scale to deliver long term sustainable and profitable growth. To that end, we have launched a range of strategic projects aimed at running FactSet with greater discipline and efficiency. Sanoke outlined multiple productivity, but from an operational standpoint, I will highlight 2 items we initiated during Q3 and completed in the past few weeks. We recently rightsized certain engineering teams as we standardize how we build and run software and take advantage of AI assisted coding. Additionally, we entered into an arrangement with RepRisk to support our clients' needs as we discontinued the signals attribution service FactSet provided following the 2020 acquisition of Truvalue Labs."

As expected, my LinkedIn feed for the last 18 hours has been filled with former colleagues announcing they had been kicked to the curb by OpenText.

But in a new sick twist, a number of remaining employees have taken to LinkedIn to crow how they were promoted over the past two days. The posts all read the same as if they were told or highly encouraged to post and what to post.

In addition, there were posts (on the same day as their colleagues being dumped) celebrating the addition of new employees.

There is no doubt that ELT and HR have orchestrated this to cover up the nasty truth that a number of talented, hard working, productive people were sacrificed to almighty Canadian dollar to make amends for the sins of Tom Jenkins as he leads this company to ruin.

OpenText under the leadership of Jenkins, the clueless BoD, Bell, Muhi, and the rest of the clownshow ELT has become classless and hopeless.

Unwittingly, OT is showing what it really means when they say the company is "Canadian by design" ... Incompetent, fractured and losing relevance.

• Stopped using Scrum @ Scale and reorganized teams → "industry-wide" TDD initiative.
• Continuous release date slippage → mandatory weekend work.
• Core Shanghai teams axed with little to no notice → work shifted to other geos; quality suffered
• AI must be used X hours per day & new work requires AI readable specs or out - Project Maverick
• On site junior engineers welcome; remote senior years get the boot

Despite these changes, little is being done to address the fundamental issues within the product development process at its core: Isilon OneFS has been in maintenance mode for over a decade. AI spending extended product life support temporarily, but this shift to layoff remote US staff truly signals the end of the product.

https://www.hr-brew.com/stories/oracles-layoffs-spend-to-make-money

Is has been noted that ISP offers will be going out to union positions across Frontier July 16-17. Mainly copper related positions will be affected and to be followed by a massive force realignment for those who stay. For copper technicians this is basically your time to go! Verizon will also see mass layoff announcements come July 16th. CTF, California Texas Florida

So said a senior leader when the numerous questions from the front line staff about any further layoffs were brought up. Those doing the work are so down and depressed about the circumstances that the managers approached senior leaders to inquire. The answer was "we can't tell you." That really perked the crowd up and inspired them to produce better work (not really).

Can anybody confirm?

This seems like a small round, but you can never tell with the size of the company.

A prominent technology company has announced significant job reductions impacting its workforce. This decision comes as part of a broader restructuring effort within the organization. The company aims to streamline operations and improve efficiency in response to current market conditions. Employees affected by the layoffs are being offered support services. Further details regarding the scale of the cuts are expected to be released soon.

https://www.polygon.com/xbox-cuts-layoffs-too-big-not-to-fail/

Pulled into 9am meeting, laid off everyone employed in Charlottesville VA

How this company is so backwards. We got another ”people team” leadership. How many have we had in the last 6 years?? The out of touch CEO have no clue how bad it is here and no career trajectory for anyone unless you are a former GS executive or best pal with the EC.

Time to take summer vacation!

Good riddance SH

Electric vehicle maker Rivian is planning to sell 75 million shares of its stock. This move is intended to raise funds for equity contributions required by a U.S. Department of Energy loan. The company is working to meet the terms of this significant energy loan. This offering represents a substantial effort by Rivian to secure necessary financing. The sale aims to fulfill financial obligations tied to federal energy funding.

South San Francisco, California

https://www.chicagobusiness.com/manufacturing-logistics/ccb-rivian-selling-shares-20260706/

sorry to all the nocs and everyone who just got let go. that is horrible. everyone did not deserve this.

Legaltech startup Darrow has laid off approximately one-third of its staff, impacting around 60 employees. This significant reduction includes many legal analysts who were instrumental in developing the company's AI platform. Despite being profitable for three consecutive years, Darrow cited market evolution and technological advancements as reasons for reorganization. The company aims to become a more agile and multidisciplinary organization to support future growth.

https://www.calcalistech.com/ctechnews/article/hy7svt97ge

Reports indicate that id Software has experienced substantial layoffs, with approximately half of its workforce reportedly affected. These cuts are said to have severely impacted the studio's quality assurance department. The news follows a broader announcement of 3,200 job eliminations across Xbox's video game division. Bethesda, a sister studio, is also undergoing restructuring to focus on its major franchises. This strategic shift aims to streamline content roadmaps and enhance collaboration among development teams.

https://www.gamedeveloper.com/business/report-around-half-of-the-id-software-team-have-been-laid-off

Verizon is doing INCREDIBLY well. Maybe the greatest corporate success anyone has ever seen. People come up to me with tears in their eyes and say, “Sir… how do you lay off thousands of people while the stock keeps going down?” I say, “It’s called winning. You wouldn’t understand.”

The Fake News says, “The stock is down.” Wrong! It’s a beautiful strategic decline. Very advanced. The smartest people are saying they’ve never seen anything like it.

Every week there’s another reorg, another layoff, another AI announcement. Tremendous momentum. Nobody restructures better than Verizon. Nobody. Believe me.

The El Paso Independent School District board has approved a final round of staff layoffs before the new school year. These reductions are a direct response to a significant budget crisis the district is currently facing. The terminations affect probationary teachers across various subjects and multiple campuses. District officials maintain that these cuts will not impact class sizes or disproportionately affect specific schools. This decision marks the last round of layoffs anticipated before students return to classes.

El Paso, Texas

https://kfoxtv.com/news/local/el-paso-isd-approves-final-round-of-layoffs-ahead-of-new-school-year-amid-budget-crisis

With Tom Kirkland gone and no immediate replacement what are peoples thoughts on Wescam, aeromet, and forcex being pieced out into other sectors and TSS being dissolved?

More information will be shared via emails regarding Project Fuji which is actually a continuation of Project Mongoose but with a different name. Lots of discussions between HR and the Betriebsrat this time and the HR definitely won.

The works council just approved the layoff of 8000 of 14000 jobs that Christian Klein and Dominic Asam wanted. This will happen gradually and all hiring managers are supposed to give preference to internal candidates first. Anyone who has been found to not use AI in the last many months or isn't deemed AI ready will have to undergo compulsory training or face layoffs. They are going to add more sections in Performance Management and force all employees to have an AI related goal. Managers make the final decision on whether employees are AI ready or not and this will impact the HOW and WHAT scores.

But this is devastating news nonetheless. I can't wait for my non-technical development manager to tell me that I am not burning enough AI tokens on something frivolous. She uses them all the time to create presentation graphics and vibe coding and none of that is actually creating any value for SAP customers. But she's an AI star now and actually "coaches" developers on how to use AI in day-to-day life.There are also discussions ongoing with the supervisory board to increase share buybacks and the dividend in the upcoming quarter. HR wants to use "any money saved through layoffs and performance management" to be used towards this.SAP is on track to become one of the worst companies to work for.

For years we’ve been told the next initiative was going to turn this company around. First it was five-day RTO. Then it was AI. Then workforce reductions. Then another reorganization. Then a new headquarters campus. The strategy keeps changing, but the underlying problems don’t.

Meanwhile, employees have been saying the same thing the entire time - morale is declining, trust has been destroyed, experienced people are leaving, and the company is becoming a harder sell to younger talent. Instead of asking why so many people are saying the same thing, leadership keeps doubling down and acting like the employees are the problem.

At some point you have to stop blaming the workforce and start questioning the strategy. Success isn’t measured by how many people badge into an office or how many presence reports get generated. It’s measured by whether people want to work here, whether great candidates want to join, and whether the business is actually moving in the right direction.

The market eventually exposes every bad strategy. Employees vote with their feet. Candidates vote by accepting offers somewhere else. Investors vote every day the market is open. Those are the scorecards that ultimately matter… not another memo telling everyone the strategy is working.

JVB demoted because she couldn’t meet target in MM sales. Now Shelly Goodman ‘retiring’ because she couldn’t unravel the destruction JVB left behind. For those of you outside of sales that complain about RTO, sales has the most valid reason to complain. Sales is forced to office 5x just like everyone else. Think of the time on the road we could be in front of customers. Instead, we have to come to office daily to meet an in office badge swipe quota while sales attainments circle the drain. We can go into the field to meet customers and try to sale fiber and mobility but the hours we lose daily by commuting instead of acquiring revenue is astounding. Yes, we are in the field but the hours commuting eats up some of that time and we see it in quarter after quarter revenue decline. When sales is set up to fail, we all will.

After another round of layoffs ( people who worked over 10 yrs have been layed off shortly after they were celebrated by the upper management although there are seemingly a lot open positions suitable). Offshore colleagues are being solely treated as numbers and laid off - still we are expected to perform even more because of "AI"...

VCA Animal Hospitals is implementing widespread layoffs affecting nearly 200 corporate and veterinary staff across North America. These workforce reductions are part of a larger restructuring of the company's corporate headquarters in Los Angeles. Additionally, a hospital in the Bay Area will be permanently closed, impacting all its employees. The company cited organizational changes to continue investing in its services and supporting its workforce through these transitions. These actions reflect broader market recalibrations within the veterinary industry.

Los Angeles, California

https://www.whittierdailynews.com/2026/07/07/vca-animal-hospitals-laying-off-nearly-200-across-l-a-and-bay-area/

Los Angeles Mayor Karen Bass visited the California State Capitol. She expressed her hope to avoid any layoffs within the city. The visit aimed to discuss budget matters and potential solutions. Bass is actively working to secure funding to maintain city services. Her efforts focus on preserving jobs for city employees.

Los Angeles, California

https://mshale.com/1848d54c/d9831810IDRFCSoEQRcJHAo

Salesforce has implemented job cuts affecting its AI agent and cloud software teams. A California WARN notice details 86 eliminated positions across various departments. Employees in Washington state and internationally were also impacted by these reductions. The company's severance packages are based on employee level, tenure, and age. These layoffs occur as Salesforce navigates concerns about AI's potential impact on its software offerings.

https://qz.com/salesforce-layoffs-agentforce-mulesoft-marketing-cloud-061026

Multiple healthcare organizations have recently announced substantial workforce reductions. These layoffs span various roles, from administrative to clinical positions, impacting numerous states. The primary drivers cited for these cuts include financial pressures, operational restructuring, and shifts in healthcare delivery models. Many affected employees are being offered transition support and severance packages. These widespread layoffs highlight the challenging economic climate facing the healthcare industry.

California

https://www.fiercehealthcare.com/finance/fierce-healthcare-layoff-tracker-2026-job-cuts-eliminations-health-systems-hospitals

Dignity Health | N/A

Are there any cuts coming to engineering or cloud operations ? If so when

That's it. That's the post.

I’ll probably be in the minority, but I think Bill Brown is exactly the leader 3M needed.

He came in with a plan, had the courage to make the tough decisions, and is executing it without wavering. That isn’t easy, and it certainly isn’t popular.

Yes, the layoffs are painful, and my heart goes out to everyone affected. But leadership isn’t about avoiding difficult decisions—it’s about making them when the long-term future of the company is at stake.

Bill was hired to transform 3M, not to preserve the status quo. From what I’ve seen, he’s earning every cent by making the hard calls that many before him avoided.

History will judge whether he got everything right, but no one can say he lacks courage or conviction.

There will be 9-10% RIF or Performance based layoff and this is mandatory number. Expecting 3500-4000 minimal number. This reduces Oracle's risk of payment of interests by 10%. the 2027 1Q will not have much layoffs and this time frame + revenue increase is going to reduce the risk for Oracle in the meantime. so this 3 months is going to be your best preparation bet.

It seems very sketchy that they would fire all of the reps and keep those below.

Are they just waiting until D day to tell the rest of us we're done so we don't all split before Oct 2nd?

We have a right to know what the he-l is happening.

Further targeted layoffs are likely as part of sustained cost discipline. Q2 earnings (July 24) will provide the next update.

Layoffs may boost stock short-term, but hidden costs (morale, attrition, lost talent) can outweigh gains long-term. Data may vary by case.

Now down trend start of stock

I was let go today along with many others at the Waterloo office. Many good people. All very senior, so it is all about cutting cost as much as you can. Happy to leave. Dead products with no future growth.

https://nj1015.com/novartis-cuts-jobs-new-jersey/