#layoffs

Rob decided Ai was better than Humans? I heard there have been lay offs in favor of Ai.

YesCare will permanently close its headquarters in Brentwood, Tennessee. This action will result in the layoff of 150 employees. The correctional facility care provider filed for Chapter 11 bankruptcy on May 8. This bankruptcy followed a default on a $50 million settlement. YesCare previously faced a $307.5 million jury verdict and a canceled $1 billion contract.

Brentwood, Tennessee

https://bhbusiness.com/2026/06/22/correctional-behavioral-health-provider-yescare-to-shutter-cut-150-jobs-after-bankruptcy/

Crypto mergers and acquisitions surged in the first half of 2026. Deal volume reached $9.37 billion, a 26x increase from last year. A Bitcoin market downturn forced many crypto companies to cut staff. Traditional financial firms are acquiring crypto licenses and infrastructure. They prefer buying these assets rather than building them internally.

https://letsdatascience.com/news/wall-street-drives-937b-crypto-ma-amid-layoffs-73c1329d

Bungie implemented new layoffs. The studio cited a broader reorganization. Sony's CEO confirmed cuts impact Destiny and Marathon teams. Bungie acknowledged Destiny 2 underperformed. This represents another staff reduction under Sony.

https://www.gameshub.com/news/news/bungie-announce-layoffs-after-destiny-2-enters-maintenance-mode/

I will not reveal who I am or what I do in the company. I have heard some concerning numbers for the VSP and layoffs.
Is it true they're aiming for 12,000-18,000 layoffs?

They moved people out of real estate to WFH to get the real estate off the books end of 2nd quarter. Not because there has been a change of heart for RTO. Confirmed, a large WFH group. Shift bid completed early June NOT fully released. Company seems to be releasing 2 - 3 weeks of schedule. Normally, they would release about 3 month. This not an indicator of restructuring. #WFH #AT&T #AT&TLayoffs

Kitsap County faces a projected $9.8 million budget shortfall in 2027. Expenses are increasing faster than revenue, driven by rising labor and public safety costs. County officials are considering two main options to address the deficit. These options include a sales tax increase or eliminating 45 to 60 staff positions. Commissioners will adopt a final budget in December, with changes effective January 2027.

Port Orchard, Washington

https://www.kitsapdailynews.com/2026/06/25/kitsap-considering-tax-increase-staff-layoffs-to-cut-budget-deficit/

Weekly jobless claims decreased last week. The weekly total dropped to 215,000. This figure was below analyst expectations. Job cuts remained minimal amid economic concerns. The national job market shows resilience.

https://www.wral.com/news/ap/6c38e-us-jobless-aid-filings-fall-to-215-000-last-week-as-layoffs-remain-low-despite-economic-headwinds/

The Minnesota Attorney General's Office announced staff reductions. Seventeen employees were laid off yesterday. These cuts represent about 4% of the total workforce. A spokesperson confirmed ongoing litigation will not be impacted. The new Medicaid Fraud Control Unit remains unaffected.

Minnesota

https://www.axios.com/local/twin-cities/2026/06/25/layoffs-at-minnesota-attorney-general-s-office

Akron Public Schools reinstated 15 employees. These individuals faced layoffs earlier this year. The school board reappointed them to vacant positions. This move preserves budget savings from their former jobs. The district still plans further significant budget cuts.

Akron, Ohio

https://www.ideastream.org/education/2026-06-25/akron-schools-reinstates-more-than-a-dozen-employees-who-faced-layoffs

Heard the Chicago office was shutting down and some people were fired, offered severance or told to move to Plano or DC. Any confirmation?

Major change is how Opentext operates starts July 1. This change requires fewer people to do all jobs. WFR notifications start next week.

Just wondering if Wellmed was spared in this round

I made it through the layoff the last few times and now I'm drowning in everyone else's work.

Third? Fourth?

CDW isn't what it used to be. Worse culture, worse pay, with constant cuts on top of it. So why do you stay? For me, it's health insurance. That's the only reason.

https://www.foxnews.com/us/knicks-fan-trash-can-grab-ends-fines-firing-walk-shame-return-trip-jpmorgan-chase-exec?msockid=33b95c3cd7026bed2cf7536cd68d6aff

If they try to say this is about performance, it's bullsh-t. We lost two of our best, highest performing people. I don't know why and who made the decision, but it's more than obvious by what's been happening that we're being led by complete and utter id--ts.

Is there a gaming company left that's actually hiring people and not laying them off? Where are we supposed to find new jobs? I really don't want to change industries, but the way things are looking, I won't really have a choice.

Good luck everybody.

Is there somewhere to look it up?

Nobody's hearing the top performers gripe about how bad things are, and that's not because they're fine with it. They're just quietly working their networks, sending out applications, and planning their escape without making a scene. By the time leadership realizes they're gone, it'll be too late because all the people who actually carried the weight will have already found their way out.

Sony is laying off potentially hundreds of developers at Bungie as part of its latest round of cuts following the end of support for Destiny 2, but it will continue investing in Marathon despite the extraction sho-ter’s ongoing struggles to expand its audience despite rave reviews. That was the message from PlayStation Studios chief Hermen Hulst in a new letter about the cuts. The Sony exec called Marathon an “important” part of the company’s gaming portfolio and promised ongoing support, at least for now.

https://kotaku.com/sony-calls-marathon-an-important-part-of-our-portfolio-as-it-promises-continued-support-despite-layoffs-2000710523

I haven't heard any rumors in a while, which should be good but it's just making me nervous. Are we safe currently or is this just the calm before all he-l breaks loose?

Centene are you freaking serious???? Sending out surveys asking for our opinions right now??? You don’t care about us and leaving us in limbo for weeks not knowing what to do or expect and you send out a satisfaction survey. Please save your time and maybe update your staff on the VSP and if what you expected to take it has vs has not so maybe we will have a better idea of what to do. Shove your stupid survey up your butt.

https://www.chron.com/texas/article/jpmorgan-chase-layoffs-plano-texas-22320323.php

I cannot believe the direction our company has been going in. It is like the people in charge have lost their minds ! First the horrible change with our forklifts.. now we had to take all of our back end caps down . All this wasted space .. where do they think all the extra stuff they buy is going to go.. especially with the holidays coming soon. They over buy clothing … ugly clothing .. then we have to give it all away to a liquidator.. we have special events with mattresses .. which they over buy and we had to pull those to give to the backroom for the liquidator .. seems like we are in business to make them money instead of us

Heard there is going to be layoffs? Did it happen? Which departments were impacted, and how many colleagues?

The VSP makes sense for me. I am fortunate and I know it. And I get the fear of everyone. I have heard via a high ranking person within the company that pretty much everyone that asks for it will get it. They might be kept beyond the 9/1 date due to a project or something.
I get what is happening, but the people who don't place the blame 90% on the shoulders of Sarah London and the BOD are misguided. Last week we saw the BOD firming up their grip on power by bringing in another person on their side. This is unfortunate for the employees and probably the stockholders as well.
I wish all my coworkers well, but if you can swing it, take the VSP and move on.

Layoffs started today at optum
2 of my 10 person team were let go today

Based on what I have read, Fiserv appears to be making significant staffing cuts, similar to those recently seen at FIS. Many of the employees affected held roles that are essential to keeping the global banking system stable and secure, including cybersecurity professionals who help prevent intrusions, developers and testers who review code and ensure systems function properly, and compliance personnel who help ensure regulatory requirements are met.

When these teams are reduced or stretched too thin, the risk of gaps in oversight, system reliability, and operational resilience increases. It raises serious questions about whether organizations like FIS would have the staffing, expertise, and capacity needed to respond quickly and effectively in the event of a major disruption, such as a natural disaster affecting a data center.

Overall, these developments have me concerned about the resilience of the banking infrastructure we all depend on. I would welcome greater scrutiny from auditors or regulators, because the combination of deep staffing cuts, rising operational complexity, and critical financial infrastructure could create vulnerabilities that may not become visible until a serious failure occurs.

...for longest period of time that a public company has posted consistent YOY headcount declines.

I got curious this morning about just how unusual the situation at Wells is, and decided to do some digging. Based on the information I can find, here's some of the existing records for longest consecutive streaks of corporate downsizing:

IBM went through 8 years of downsizing from 1985 to 1993 as the tech market moved from mainframes to personal computers, shrinking from a high of 405k employees to 219k by 1993.

General Motors went through 7 years of YOY headcount reductions from 2002 to 2009 as a result of foreign competition and shrinking market share, up until their bankruptcy in the wake of the global financial crisis and bailout by the US government.

Blackberry/RIM posted 5 straight years of headcount cuts from 2011 to 2016 as a result of competition from iPhone and Android, finishing in 2016 with 25% of the employees they started with.

Wells is currently running a streak from 2019 to today, blowing past Blackberries record and in line with GM. Given the CEO's public statements, we're also on track to beat IBM as well. Don't you feel proud to work here?

(My point was this post was just to let folks know, if this feels like an overwhelmingly toxic place to work, you are not alone. The situation at Wells is extraordinarily, historically bad. This is not normal)

They have just started to do major Layoffs nationwide!!!!!!!!!!!! They have not announced anything and are telling employees to keep it hush.
Positions are being dissolved, and are encouraging people to apply to other positions within the organization

Do you know of any teams that survived all recent layoffs intact?

I work in IT in US and have started actively looking. I have a first interview lined up next week. I am treating it as more of a warm up interview to get a feel for the market. I haven't interviewed in 7 or so years.

Kind of tough that so many companies hire but are also doing layoffs at the same time.

East Tx and north Tx being laid off today, some peeps already saying their good byes on teams

Here we go again! You love to hear it, let's celebrate y'all. Even contractors are not safe, it's like they haven't learned from Chevron, P66 on MSP's. You gotta love these leaders who be flying on PJ's drinking champagne while the common folk get shagged.