#layoffs

The consultants hired for the F2BOW initiative have set a target headcount reduction of 60-100. This is for business only, tech headcount reductions haven’t been determined yet, but they said there is significant “capacity creation” there as well. No set date, but probably later this year.

I wonder if any DEI department employees were let go.

Management only knows how to cut, so layoffs will never stop. Time to accept reality.

But I'm yet to hear that anybody found it. That's how bad it is out there. And that's the main reason why not just Verizon, but most of the companies can currently get away with treating their employees like cr-p. There's literally nowhere else to go for the majority of us.

Centered CEO is an American sellout paid puppet. This is why we are looking for jobs.

We’re all adults here with careers, families, mortgages, and kids.

Yet we’re being treated like toddlers who need constant supervision, or maybe Stink just thinks we’re his prisoners.

Presence reports. Badge tracking. Attendance monitoring. Endless RTO enforcement. Isn’t it a bit much?.. All of it sends the same message, leadership doesn’t trust its employees, and once trust is gone, disengagement follows.

Seriously, why would anyone want to work in an environment like this?

The company talks endlessly about “culture” while implementing policies that actively destroy it.

The result is exactly what you’d expect, lower morale, higher turnover, and employees spending more time worrying about presence reports, FTW letters, and layoffs than innovation or growth.

When professionals are treated like they’re one badge swipe away from detention, it’s hard to feel respected or motivated. Especially when they’re blaming the masses for the faults of 1% who are no longer here.

You can mandate attendance, but you can’t mandate trust, engagement, or hard work & dedication. Loyalty and trust go hand in hand, and this CEO said “loyalty is dead”.

I keep hearing news that the useless "SVPs" are now getting hit. Let's keep up that momentum until they are all ou of there!

Layoffs are nothing new at Cisco. I often joke that there are three unavoidable things in life: taxes, death, and Cisco layoffs. But this latest round feels different. I've noticed a significant shift in attitude from the executive leadership team, and it's unsettling.

On one hand, I'm glad the "#WeAreFamily" and "#WeAreCisco" messaging has largely disappeared. Those slogans always felt difficult to reconcile with the reality of recurring layoffs. On the other hand, what has replaced them may be even more troubling. The message now seems to be that layoffs are simply part of life and should be expected. Fran has openly stated that Cisco does not offer job security. Mark's focus appears to be relentless cost-cutting. And Chuck seems willing to support whatever is necessary to keep the stock price moving upward.

What does that create? A company that grows through acquisitions, cuts headcount quickly, and offers fewer opportunities for long-term career development.

Why do I say that? If your skills happen to align with current business priorities, you're probably safe for the moment. But if your expertise is no longer considered strategic, you may find yourself included in the next round of layoffs.

I know Fran often highlights internal mobility as a strength, but in more than ten years at Cisco, I have never personally seen someone targeted for a layoff successfully secure a new role through the standard internal hiring process. I have seen people land other positions, but typically because they had strong networks and someone actively advocated for them. Once your name appears on a layoff list, hiring you can be seen as challenging a decision already made by management and approved by HR. Few people are willing to do that.

Meanwhile, only a limited number of roles seem to be available internally, while acquisitions continually bring in new talent and headcount. Combined with the lack of meaningful internal redeployment, it creates the impression that Cisco would rather acquire or hire externally than invest in helping existing employees develop the skills the company says it needs for the future.

So what are we left with?

For me, it no longer feels like a career. It feels like a gig, just a paycheck until something better comes along.

Q2 Earnings will be a disaster (yes, we have a few days left), and all this job cutting will continue throughout 2026.

There were no meaningful, needle-moving developments in Q2: no market-disrupting announcements, no material improvement in execution, and interest rates remain elevated. That last point matters because the company is carrying more than $20 billion in debt, making refinancing and deleveraging increasingly challenging. At current levels $35-38, this stock is not 'a bargain' - it is a value trap.

The bull case largely depends on achieving more than $3 billion in free cash flow by 2028. That assumes flawless execution over the coming years. That assumption is far too optimistic. The scale of the cost reductions (layoffs, outsourcing) has significantly increased execution risk, while higher interest rates will likely slow debt reduction more than current projections suggest.

Then there’s the AI narrative. So far, it looks more like hope than evidence. Many large enterprises have discovered that indiscriminately consuming AI tokens is one of the most expensive and least efficient ways to improve productivity. Until there are measurable business outcomes—not just promises—I don’t see AI materially changing the investment case.

If you’re still at the company and haven’t started exploring other opportunities, seriously consider doing so. The current management team is delusional and underestimates both the financial complexity of the turnaround and the challenge of rebuilding the execution engine after such deep cuts. Don't expect a meaningful recovery unless the board takes decisive action.

And if you were recently laid off, I’m genuinely sorry. While it may not feel like it today, there are strong companies looking for talented people. Hopefully, you negotiated a fair severance package. Take some time to recover, then focus on your next opportunity.

Former Xbox employees warn of potential for retaliation in rumored impending layoffs

Ahead of rumored layoffs at Microsoft-owned Xbox, former employees are warning of potential for retaliation.
They base this claim on their own experiences being ousted by the company under potentially retaliatory circumstances.
They urge current employees to document their experiences at the company and contact their HR partners.

https://www.gamedeveloper.com/business/former-xbox-employees-warn-of-potential-for-retaliation-in-rumored-impending-layoffs

https://news.chemnet.com/news-6758.html

We've been trying to fill a role for months, and we've gotten almost no qualified applicants. It almost feels like qualified people have heard the stories, know what it's like here, and are staying away as a result. We desperately need help, but I don't think we'll get it anytime soon.

Apple closed its first unionized US retail store. This store was located in Towson, Maryland. More than half of its 70 unionized employees face layoffs. The union alleges company retaliation, which Apple denies. Apple cited declining mall conditions as the reason for closure.

Towson, Maryland

https://www.peoplematters.in/news/strategic-hr/more-than-half-of-workers-face-layoffs-as-apple-closes-first-unionised-us-store-50514

Lee Specialty Clinic has cut most of its staff. This action followed significant funding reductions. Over 1,000 patients are now without care. These patients are individuals with disabilities. The layoffs threaten their access to essential services.

Louisville, KY

https://www.wdrb.com/news/wdrb-video/lee-specialty-clinic-layoffs-threaten-care-access-for-louisville-patients-with-disabilities/video_96ca3a2a-4b99-5352-ba5a-2fb8b9f990a6.html

But think about it for a moment. Are you really happy at Optum? Has this been a good place to work anytime recently? And be honest with yourself. Being laid off might be the best thing that could happen. It's an opportunity to get out. A clean break from a bad situation.

I am trying to do my best to finish the month of June strong productivity wise. Will leadership look at our first half of the year performance in determining who they keep in the involuntary layoffs? Any insight would be helpful. Thank you.

Compulsion Games has begun layoffs. An unknown number of employees are affected. The company initiated these staff reductions. Specific details about the cuts are not provided in the article. This action represents a change in its workforce.

https://www.windowscentral.com/gaming/compulsion-games-begins-an-unknown-number-of-layoffs

Campbell's is closing its snack plant. The facility is located in Jeffersonville. This closure will result in layoffs. More than 100 employees are expected to be affected. These job losses are part of the plant's shutdown.

https://www.whas11.com/video/news/local/layoffs-coming-at-campbells-snack-plant-in-jeffersonville/417-102bfea5-05a9-44f9-a653-3d29c8959401

If we knew that once this is all over, once VSPs and involuntary layoffs are done, we're good. We can relax, we can do our jobs without worrying. Sadly, we all know that even after all the stressing and anticipation, once this is over, we'll just move on to the next round, or next reorg, or next something that'll threaten our jobs. And that su-ks.

Cybersecurity company Snyk announced its fourth round of layoffs. Approximately 90 employees worldwide and in Israel were affected. The company is reorganizing to accelerate its focus on AI security. This strategic shift aims to simplify its structure and leadership. Snyk faces industry-wide challenges and declining valuation.

https://cybernews.com/security/snyk-cuts-jobs-focus-on-ai-security/

Community Health Centers of Lane County are laying off staff. These changes impact twenty-three positions. The organization faces a large financial deficit. A $2 million deficit is forecast for the next fiscal year. Declining revenue and rising costs contribute to this gap.

Eugene, Oregon

https://www.registerguard.com/story/news/healthcare/2026/06/24/budget-woes-lead-lane-health-centers-to-cut-23-jobs/90680566007/

Berkeley officials passed a new two-year financial blueprint. It aims to resolve a budget gap of $30 million. This involves cutting services and laying off staff members. Nine fire department positions, however, were preserved. A November ballot measure for a sales tax increase is crucial.

Berkeley, California

https://www.berkeleyside.org/2026/06/24/berkeley-budget-sales-tax-firefighters

Elastic, a data-search company, plans to lay off approximately 281 workers. This decision aims to reduce operational complexity. Executives cite AI automation as a key factor. The company still expects net headcount growth. This growth is projected for the current fiscal year.

San Francisco, California

https://www.bizjournals.com/sanfrancisco/news/2026/06/24/elastic-layoffs-ai-search.html

Americans express high anxiety about job security. This concern persists despite a remarkably low unemployment rate. New Glassdoor research identifies artificial intelligence as the primary worry. Some companies, including Meta, Amazon, and Salesforce, have cited AI in recent layoffs. However, AI's overall impact on broad employment figures remains limited so far.

https://www.marketwatch.com/story/americans-are-as-worried-as-ever-about-layoffs-and-losing-their-jobs-why-so-much-angst-6503fb63

iHeartMedia is conducting layoffs as part of a restructuring plan. Local radio personalities in the Quad Cities were affected. Hosts from stations like WLLR and Big 106.5 lost their jobs. The company aims for $50 million in cost savings. These changes will lead to more national programming.

Davenport, Iowa

https://www.wqad.com/article/news/local/iheart-layoffs-wllr-big1065-local-talent-lose-jobs/526-2e247803-33d0-41e0-922c-0bc6f937bd22

Micron Technology implemented significant layoffs in 2023. These reductions affected approximately 7,200 global positions. The company's workforce has since rebounded. Micron reported 53,000 employees by August 2025. Micron expects to support 90,000 jobs through future investments.

Boise, Idaho

https://www.thestreet.com/investing/stocks/micron-employees

https://www.elastic.co/blog/ceo-ash-kulkarni-announcement-to-elastic-employees

7% layoff of global workforce has been announced

https://www.bevnet.com/spirits/2026/reports-diageo-layoffs-hit-north-american-business-unit

A state filing confirms job reductions at Beneteau. The company will affect 239 workers. Its Cadillac, Michigan, facility will close. Layoffs are scheduled to begin in August. Market downturn and Middle East conflict are cited as reasons.

Cadillac, Michigan

https://tradeonlytoday.com/industry-news/filing-confirms-beneteau-layoffs/

Portland Public Schools approved its new budget. The board closed a $50 million budget gap. The budget eliminates 320 staff positions. This total includes 80 teacher roles. The new financial plan begins July 1.

Portland, Oregon

https://www.koin.com/news/portland/pps-board-adopts-new-budget-2026-27-school-year-layoffs/

KXnO, a Des Moines radio station, laid off many staff members. This action is part of a major iHeartMedia programming restructuring. Several on-air hosts, including Heather Burnside and Sean Roberts, were affected. The full number of layoffs across all markets remains undisclosed. Similar job cuts occurred in St. Louis, Pittsburgh, and Indianapolis.

Des Moines, Iowa

https://www.desmoinesregister.com/story/sports/2026/06/24/kxno-des-moines-iheartmedia-layoffs-radio-heather-burnside-sean-roberts/90674766007/

Putting emotions aside and trying to be objective, it seems to me that Danfonso will be moderately successful. They’re just financial engineering their way to a slightly higher free cash flow. Layoffs, outsourcing to India, and cutting costs aren’t novel or revolutionary ideas. They haven’t come up with any new strategies to open up new markets or increase revenue so they’re relying on the tired old playbook. The hype about AI is a smokescreen. It’ll get implemented to some extent but it’s not going to increase revenue, or unleash synergies or cut costs drastically.

It stinks for the employees and will continue to do so. The company will become leaner and slightly more profitable and the executives will exit after getting a big payday.

JPMorgan Chase is laying off 244 employees at its Plano campus. These cuts represent about 2% of the campus workforce. The affected positions are primarily fraud specialist roles. Layoffs are expected to begin on August 21. This action is due to the bank discontinuing inbound fraud call center operations.

Plano, Texas

https://www.wfaa.com/article/news/local/jpmorgan-chase-enacts-layoffs-in-plano/287-e3495187-b7b9-4822-b6b7-84c07d323856

Since my last post got deleted, I won't go into specifics but the Londonderry office is a disaster. Lots of managers and senior people leaving. Morale extremely low.

I have worked at 4 other places in my career and the negativity flowing through this one is the worst. Please avoid IVS.

I guess, after Romania, someone else gotta be next

Anyone hearing about new cuts at eBay this week? How many affected, which teams/locations?

I think the downfall really started back in 2016, everyone I speak (ys staff) is negative and tells me to sell my stocks now. After 2016 the company became bloated and started its India Journey and reducing quality and costs (it worked!!). At the same time it became a D&I playground for LHBTQI folks and as white male you were almost shamed for who you are and LT got targets getting more minorities and females promoted.

Good luck all, the good ones (you?) will find a better place their is al lot going on, just not in oil and gas anymore.

Sharing my research results:

Upstream & Exploration: Implementing a 20% headcount reduction across exploration, subsurface, and well-engineering teams over Q2 and Q3 2026.
Regions: Heavily hitting main administrative and technical hubs in Houston (USA), The Hague (Netherlands), and London/Aberdeen (UK).

Downstream & Chemicals: Downsizing operational footprints throughout 2026 to contain cash bleeding following multi-billion dollar losses in base chemical segments.
Regions: Layoffs and scale-backs target older processing infrastructure in Rotterdam (Netherlands), Stanlow (UK), and Monaca (USA), following a complete exit from Singapore assets.

Global Business Operations: Consolidating corporate back-offices and shifting away from generalized administrative roles.
Regions: Shared-service hubs in Continental Europe are affected, including roughly 300 job cuts executed at the Kraków (Poland) center in June 2026.

Low Carbon Solutions: Personnel cuts are occurring dynamically throughout 2026 as renewable projects are deferred or canceled.
Regions: Impacting project engineering and corporate green teams primarily across Northwest Europe (e.g., matching the construction pause at the Rotterdam biofuels facility).

It is natural to feel anxious when restructuring threatens your security, but corporate changes cannot diminish your personal value or expertise. While you cannot control executive decisions, you can reclaim power by auditing your wins, refreshing your resume, and reaching out to your network. Lean on the solid foundation of skills you own; companies change, but your capability remains.

I feel sorry for the Zenzar and Cognizant newbies who weren’t already employees but are replacing RIF’d and non-rebadged staff.
Thrown into the deep end in some cases and with zero process training.
Better hope there’s some internal documentation to follow because if there’s anybody left to train them those people sure won’t have the time!