#layoffs

Lots let go in ITV, many at Sr levels.

Has anyone heard anything about the dedicated teams? Like those who work for BOA or TD,etc. some of those were re-badged but anyone know how they’ll handle it this go ‘round?

Anyone have updates?

I know a few people who'd take it happily, and it could save a few of us who really want to stay.

https://www.cnbc.com/video/2026/06/23/options-traders-buy-calls-in-oracle-following-ai-driven-layoffs.html

Is anybody safe when they start giving out PIPs like candy, more than obviously not based on performance?

I've been watching things deteriorate for a while now and it's very clear it's getting messier and more chaotic by the day. And I don't see it getting better any time soon. I think the best thing anyone can do is walk away. There's no future here.

I'm trying to plan ahead in case the worst happens. What do people do about health insurance after they're laid off? Is there COBRA? Are there other options? I'd really like to know what to expect.

Have you all noticed that London pulled all the funding Michael Neidorff had threw out St. Louis and the surrounding areas? It's not only in Missouri, but in the other states too. This is why we no longer have the website that would give employees tickets to events or why we no longer get the Employee Day at the STL ZOO. I heard she got a new jet and she herself said in one of her "London's Calling" video that she "heard it in the hallways in Washington", where she makes notion that she is always up there rubbing elbows with the government. London used Centene as her personal bank account.

Ingka Group, Ikea's largest retailer, implemented an AI chatbot for customer service. The chatbot handled 47 percent of customer calls, potentially displacing 8,500 workers. Instead of layoffs, Ingka Group retrained these employees for new roles. They now provide premium interior design services, creating a new revenue stream. This strategy generated €1.3 billion in 2024 and avoided job losses.

https://www.inc.com/stephanie-davis/layoffs-workers-ai-ikea-leadership-playbook-grow-revenue/91364108

Just curious for either company with QE approaching, in particular NATL at GHQ.

Will see reductions in my backyard, planned for August. Full scope within MDT unknown.

Pennymac is closing a Tennessee branch. Job cuts are occurring in its direct consumer lending. Difficult financial conditions were the stated reason. Displaced personnel will receive financial separation. Some individuals may move to different company positions.

Franklin, Tennessee

https://www.housingwire.com/articles/pennymac-tennessee-office-closure/

Two companies in New Jersey announced 260 job cuts. Verizon Corp Resources Group filed notices for 191 workers. These Verizon layoffs will occur in two rounds by September. Digital Room LLC plans to eliminate 69 positions in Saddle Brook. These new filings contribute to 746 total layoffs disclosed in June.

New Jersey

https://www.nj.com/business/2026/06/260-nj-workers-may-lose-jobs-as-2-more-employers-announce-layoffs.html

Lucid Group plans to reduce its workforce by 18%. This reduction includes full-time employees, contractors, and hourly production workers. The company aims to streamline its structure and optimize operating expenses. Lucid also eliminated a production shift and the Chief Operating Officer position. These changes are expected to result in $158 million in annualized cost savings.

Newark, California

https://www.kron4.com/news/technology-ai/lucid-layoffs-bay-area-ev-maker-cuts-18-of-workforce/

Ubisoft filed a California WARN notice. This notice confirmed 93 roles were impacted. The layoffs occurred at its San Francisco location. Such reductions can disrupt production schedules and team continuity. This event reflects ongoing volatility in game development jobs.

San Francisco, California

https://gamedev.net/news/ubisoft-eliminates-93-roles-in-san-francisco-r4047/

So my work right now is dealing with reports, and I spoke to my coworker who was like if you are gone she won’t be able to handle it. She told someone else on my team, you better think twice before getting rid of her. The colleague said her leadership is not getting rid of anyone on my team. Another female on my team said she’s training someone else to do her work. So I’m confused. We are all females if you are like what’s happening .

Below a $4B market cap is the trigger for more layoffs before the usual cycle.

You may not realize it, but the best talent left or were laid off in 2025.

I am sorry if you have been notified today and hope you find that your next role is far better than this company has offered you! It would be helpful to know what function or org you are with if you have been notified without giving who you are away!

Wells Fargo faces scrutiny over recent workforce reductions. The bank simultaneously filed hundreds of H-1B visa applications. This activity sparked renewed debate on foreign worker programs. CEO Charlie Scharf expects further workforce reductions for efficiency. Layoffs are part of ongoing restructuring and technology investments.

North Carolina

https://americanbazaaronline.com/2026/06/22/wells-fargo-layoffs-renew-debate-over-h-1b-hiring-483268/

The Minnesota Star Tribune will implement layoffs and buyouts. This action will reduce its newsroom staff by 15%. Twenty-five newsroom jobs will be eliminated. Publisher Steve Grove indicated exploring foundation ownership for the newspaper. Owner Glen Taylor has consistently invested in the paper's future.

Twin Cities, Minnesota

https://www.axios.com/local/twin-cities/2026/06/22/star-tribune-newsroom-layoffs-buyouts

Same cr-p, different logo! Pretty sure we're having layoffs today! Several have gotten the "Business Update" meeting invite for this morning...

Spirit Airlines faces a class-action lawsuit from former employees. The suit alleges violations of the Worker Adjustment and Retraining Notification (WARN) Act. Workers claim they received no advance notice before layoffs. Spirit argues for exceptions based on unforeseeable events and its financial state. The airline is now winding down during its second bankruptcy.

https://news.bloomberglaw.com/us-law-week/spirit-layoff-suit-puts-spotlight-on-labor-rights-in-bankruptcy

About time some have decided enough is enough of this joke of a company. Have some pride and do better for you and your family.

Senior Resource Connection will begin mass layoffs on June 30. The nonprofit plans to close its operations. Services are transitioning to local partnering agencies. Reduced federal funding and inflation caused financial difficulties. Approximately 160 employees will be impacted.

Dayton, Ohio

https://www.daytondailynews.com/tncms/asset/editorial/e39802e9-68ba-58e2-a005-b3395fa21d37

PlayerUnknown Productions announced staff layoffs. The company could not obtain sufficient funding. Brendan Greene cited the tough industry climate for the reductions. The team will continue developing its new game, MELBA. Their first game, Prologue, is now available for free.

https://www.kitguru.net/!https://www.kitguru.net/gaming/matthew-wilson/playerunknown-productions-hit-with-layoffs/

Novartis is laying off 60 workers. These layoffs affect Tourmaline Bio. Novartis acquired this Flatiron-based biotech company eight months ago. The acquisition cost $1.4 billion. This action aligns with the Swiss dr-gmaker's ongoing headcount reduction.

New York City, New York

https://www.crainsnewyork.com/health-care/cny-tourmaline-bio-layoffs-20260622/

Lucid Group announced significant layoffs. Over 1,400 employees will be affected companywide. Hundreds of these job cuts are in Arizona. This action aligns production with current demand. One C-suite executive also lost their position.

Phoenix, Arizona

https://www.bizjournals.com/phoenix/news/2026/06/22/lucid-motors-layoffs-second-round-new-ceo.html

Baystate Health confirmed recent layoffs. The health system faces a $60 million budget shortfall. Patients are delaying non-urgent and elective medical procedures. Insurance changes, economic instability, and inflation are contributing factors. Cuts were made across Baystate Health and Health New England to reduce administrative layers.

Springfield, MA

https://www.westernmassnews.com/2026/06/22/baystate-health-addresses-reported-layoffs-amid-60-million-budget-shortfall/

Why do we have so many people whose only job is making slides and sitting in meetings? And how are they never the ones who get cut?

Electronic Arts recently implemented new job cuts. Recruitment, customer service, security, and IT teams were impacted. The exact number of affected employees is not known. Some affected staff worked remotely in the U.S. and from the Hyderabad office. This marks a continuation of rolling layoffs for the company.

https://kotaku.com/ea-layoffs-fan-care-recruitment-hyderabad-2000708971

Qualcomm's whole culture is built on insular thinking. They hire people right out of school and those people never leave. So promotions happen based on seniority, not ability. Those in charge think the way we do things is the only way. And now they're making terrible decisions. No surprises there.

Where can I find that info?

I was laid off from USB after 15 years of strong performance. It was really hard especially at 50. But I adapted and landed a better job in a difference industry, smaller company and I’m really happy here.

Occasionally, when I see a LinkedIn headline about someone leaving USB I’ll come here to see if they’re still laying off at the same pace. You’re not going to like this, but I want to be blunt with you for your own good.

The endless debate on here about return-to-office policies must be a very useful barometer to the leadership as they make decisions about headcount and offshoring.

The one thing you all agree on is that this is the darkest point in USB history. Okay. I don’t know about that, the stock price higher than it’s been in years. But let’s say you’re right. So during crisis, you all want to focus on d-mb stuff like how much will I have to go in to an office? Which days count? What’s the minimum I can do and remain employed? That tells me there is plenty of mediocrity left at USB and they should keep cutting.

If your primary concern is whether you have to spend two or three days in an office, you are focusing on the wrong thing.You have choices. Level up. Learn faster. Contribute more. Build relationships. Become the person people want in the room. Or find a new gig. What doesn’t seem to be working for you is treating office attendance as the defining issue of your professional life.

If not enough offers are accepted.