#layoffs

They are doubling-down on their India Capability Center and doing massive layoffs after they missed earnings. If things don't improve this quarter (which seems doubtful with tight wallets keeping people away from their vets), there will almost certainly be another round of layoffs in 3 months.

Good luck all. Started Monday.

Saw a few people post on LinkedIn that they were let go today… any word on impact?

I call bullsh-t. This is all about money and nothing else. Why else would they get rid of one of our best performers with impeccable record and decades of experience?

Basically, are we safe yet?

Is it the same as the last time? No changes?

Lots of rumors of hit to VCG.. any insight where specifically in VCG? Care, Tech or Case??

Nike Inc
NYSE: NKE
42.38 USD -117.37 (-73.47%) past 5 years
Jul 1, 1:11 PM EST

The USD in real terms is 24.3% less valuable in that same 5 year period, which means NKE market cap has collapsed to less than 1/5 its value 5 years ago.

"Believe in Something, Even if it Means Sacrificing Errr-Thang!"

Just got out of a planning meeting with Managing Director. HIH is having another 3000-5000 seats prepped and our team needs to have SOPs and documentation ready, hire HIH now, and be ready to lose a chunk of US and IRE employees on 10/8.

I’m nauseous and over it.

Ahh yes, let the silence and content cover you like a warm blanket. Not much chatter about folks not going into the office.... Not much chatter about anything really.
When its this quiet, you should be worried.
Cuts are coming.
A rather large wave of cuts....

Lets see whats going on-
Offshore contractors are currently being hired as FTEs, under the guise of "contractor reduction"
OCC results are being scanned and loaded into AI to begin automating controls and workload
The ServiceNow "OOB" deployment is heavily oriented towards AI
We have hundreds of FirstBank employees waiting for group assignments
Lots of tech issues occurring simultaneously and more frequently.
Q2 Pulse survey results are non-existent.
RTO 5 across the board is seemingly NOT across the board. 4000+ people still WFH in PA

With all this going on, and nothing being said, its indicative of a high level decision currently underway.

Our team of what's left after layoffs was reorganized under someone who doesn't know anything about our work. Its like Customer Service manager direct reporting high level IT folks. What in the world? Who decides reorgs? Health Solutions is horrible

by this rate I won't get paid until next year. thanks dell

UK folks are impacted today
Dear friends hope you are ok

Layoffs happening right now.

Giant Eagle officially was bought by Krogers for $1.65 billion dollars. I knew back then 10-15 years ago and I had tried warning folks. I think I made a post about it on here back then and was accused of making it up and one person even said it looks like a toddler posted it. When I began seeing Giant Eagle doing a lot of cuts and penny pinching trying to make their books look good, I knew then they were either going out of business or trying to get bought out. Then there was a lot of turnover at their corporate offices and it seemed like corporate didn’t care what went on at their stores anymore too. I knew something was going on.

Face it, guys.

Layoffs are imminent. Even if your job is safe today, there's always a chance you could be affected in the next round.

Don't waste your energy stressing about what you can't control. If you have the opportunity to find a better job, take it. If not, keep preparing.

Fear won't help you. Keep learning, keep improving, and keep leveling up. If you're good at what you do, there will always be opportunities.

And before anyone asks—I'm doing the same. Whether I survive the layoffs or get laid off, I'm already preparing for the next opportunity.

It is rather interesting, almost funny, that when we're surplussed, union workers actually get more than managers. The termination pay for union workers is more than severance pay for managers and the ongoing medical, dental and vision benefits are much better for union workers than for managers. We're all going to eventually be laid off - that's inevitable - however when that day comes for each of us, union workers are for sure better off than managers.

I am submitting my VSP today. Nobody is doing anything...leadership out constantly... its joe over. I might be on a generational run right now though... I was lucky and have a final interview for role outside of healthcare... I wont get into the specifics, but I do feel very confident based on all available information, and conversations with the hiring manager. No, its not iron clad, but its enough for me to take the leap and leave. Since I haven't had a bonus the entire time I have worked here.... the VSP would be nice. However, they really don't want anyone to actually be able to take it though. It takes a very particular situation to benefit from the VSP based on all of the restrictions. There is nothing HUMAN about executive's behavior. The lies. The condescending rhetoric. The "transformations." Its bogus and I am over it. I wish everyone the best of luck, truly.

Seems like there were some layoffs already this week , is it over ?

If you are reading this, and you received the non-descript meeting invite from Coworker Services, I am so very sorry.

Which department(s) are impacted - asking so we can rally around those being laid off.

https://www.freightwaves.com/news/new-maersk-shifts-socal-import-containers-to-up-from-bnsf

Layoffs on the horizon?

I am in senior leadership. We are being told that there will be a 20% reduction in total headcount. This will happen in waves to minimize any single organization from feeling they are targeted. Employees who stay will be told to take on additional responsibilities. This will give a false sense of security, which will lead to other rounds of layoffs.

H-1B visa holders are not receiving the buyout offers. They will be let go in much greater numbers. Their visa is tied to the job, so once they are out they only have 60 days to find new sponsorship or leave the country. Many of them are being pushed out in these reductions.

The job market will be saturated and many companies do not hire in high numbers in Q4. For the sake of your families I highly recommend reducing your output at Centene and going full time into the job search process. There is no such thing as being safe in this. Even if you make it past the firings you’ll be given more work and no promotion. By the time the company starts to normalize, newer employees will be brought in at much higher salaries.

Microsoft is reportedly preparing to cut thousands of jobs as early as next week. These layoffs could affect less than 2.5% of its total workforce. Xbox, sales, and consulting roles are expected to be impacted. This move follows a pattern of tech giants trimming traditional headcount. The timing aligns with Microsoft's fiscal year-end budget review.

https://invezz.com/ie/news/2026/07/01/microsoft-layoffs-loom-again-and-this-time-xbox-is-not-the-only-target/

From CNBC.com:
Similarly, IBM replaced its HR functions with AI that handled around 94% of routine requests but was unable to meet the other 6%, which included ethical dilemmas. IBM then announced plans to triple its U.S. entry-level hiring across all business units in 2026.

https://www.cnbc.com/2026/07/01/employers-who-laid-off-workers-for-ai-are-reversing-their-decisions.html

The Lincoln Trail Workforce Development Board received a three-year grant. This grant will assist nearly 300 workers affected by recent layoffs. Layoffs occurred at BlueOval SK, Akebono, Kentucky Cooperage, and Moveret. Funds will provide retraining, on-the-job-training, and support services. The program aims to help participants find stable, well-paying employment.

https://www.pmg-ky2.com/larue/news/grant-awarded-to-assist-dislocated-workers-impacted-by-layoffs/article_46b9114e-3f07-532b-9fc6-77fdaa42c0f0.html

Any word on the teams affected?

Robinhood is conducting layoffs. These job cuts are at its Silicon Valley headquarters. The layoffs impact engineers. Managers are also affected by the reductions. Employees across multiple departments face these changes.

https://www.bizjournals.com/sanfrancisco/news/2026/06/30/robinhood-layoffs-menlo-park-headquarters.html

https://www.wrtv.com/news/local-news/indiana-auto-systems-maker-to-shut-down-terre-haute-plant-cut-207-jobs

Today is the day where XOM lost an unbelievable amount of talent between our Australia friends moving to Woodside and the remainder of the Brits being made redundant. Sad day for us all and we will suffer the consequences long term. DWW should pay when something happens but hey this Merica so he will left holding his $100M fund and be left to retire happily whilst others pay the price

Wells Fargo is implementing further job reductions. The reductions affect its West Des Moines Jordan Creek campus. Forty-three individuals are losing their jobs. The effective date for these job losses is August 22. A total of 228 employees have been impacted at this location since February.

West Des Moines, Iowa

https://www.desmoinesregister.com/story/money/business/2026/06/30/wells-fargo-layoffs-west-des-moines-jobs/90756798007/

Paychex President and CEO John Gibson discussed the current labor market. He shared his insights with 'Mad Money' host Jim Cramer. Gibson stated he currently sees no signs of widespread layoffs. He also indicated no signs of an impending recession. His comments reflect a positive outlook on the economic situation.

https://www.cnbc.com/video/2026/06/30/i-see-no-signs-of-layoffs-or-recession-says-paychex-ceo.html

Great Southern Bank is closing nine branches and eliminating 66 jobs. Three of these branch closures are in the Springfield area. Affected locations include Springfield, Ozark, and Nixa, all set to close on October 1. Branches in Missouri, Arkansas, Iowa, and Kansas are impacted by these changes. The company stated these actions are part of routine business evaluations to match changing market dynamics.

Springfield, Missouri

https://sbj.net/stories/breaking-news-great-southern-to-close-9-branches-conduct-layoffs,104797

Many U.S. businesses anticipate job reductions in July. WARN filings indicate a more careful hiring trend. Technology, cloud services, and manufacturing firms are most affected. Companies cite automation, artificial intelligence, and efficiency as driving factors. The overall job market appears stable, yet growth is becoming uneven.

https://www.newsweek.com/list-of-companies-laying-off-employees-in-july-12128209

The continued restructuring appears likely to result in significant layoffs. My concern is that experienced leaders with valuable institutional knowledge are being replaced, increasing the risk of poor decision-making and execution. I hope leadership carefully considers the long-term impact on employees, customers, and the business.

Microsoft's Xbox division is preparing for another major round of layoffs. Up to five gaming studios face potential closure or spin-off. Compulsion Games, Double Fine, Ninja Theory, Arkane, and Undead Labs are reportedly at risk. Xbox Game Studios head Craig Duncan is also reportedly stepping down. These changes aim to improve the division's balance sheet amid industry pressures.

https://finance.yahoo.com/technology/articles/xbox-layoffs-coming-five-studios-191942396.html

Massachusetts experienced fewer biotech job cuts. This marks the lowest number since early 2024. Seven life sciences companies were affected. At least 346 positions were eliminated between April and June. Reasons included failed dr-g trials and FDA rejections.

https://www.bizjournals.com/boston/news/2026/07/01/mass-q2-2026-biotech-layoffs.html

This is what Centene is bracing for. We are already down in membership and this will definitely TANK the Medicaid LOB starting in January. Will the states be ready for this? What is the company doing to prepare for this change besides laying people off?

https://www.firstalert4.com/2026/06/30/democrats-half-states-sue-trump-administration-over-medicaid-work-rules/

Wisconsin businesses reported no job layoffs for the entire month of June. This marks the first time in three years without any layoff notices filed. The state's unemployment rate slightly decreased to 3.4% in May. Manufacturing, mining, logging, and construction sectors added 5,100 jobs. Overall state employment increased by over 4,000 workers from April to May.

https://www.jsonline.com/story/money/business/2026/07/01/no-wisconsin-businesses-report-layoffs-in-june-first-time-in-3-years/90738064007/