#layoffs

Initial unemployment claims in the US fell. This signals that layoffs remain low despite economic uncertainty. Employers continue retaining workers due to skilled labor shortages. The Federal Reserve monitors this employment data. Consistent employment aids consumer spending and economic growth.

Washington, D.C., United States

https://brusselsmorning.com/us-weekly-jobless-claims/99520/

Xbox executives depart while Compulsion Games shuts down

Corporate leadership changes rarely come without internal shakeups, reorganizations, and layoffs, and Xbox appears to be going through that right now.

https://mashable.com/tech/microsoft-xbox-game-studios-layoffs-compulsion-shut-down

https://jakartaglobe.id/business/4000-workers-at-nike-supplier-in-indonesia-sent-home-as-new-orders-dry-up

Whether more cuts will happen next month or later in the year, everybody should know by now they're coming. The best way to stay sane is to be prepared. Start looking right now, even if you don't plan to leave unless you have to. Have a plan B AND a plan C.

I actually think layoffs could be beneficial for this place. We have so many layers of management doing exactly nothing that nobody would miss. Instead of laying off the people who actually get things done, they should for once let go of the right people and everybody would benefit.

The past 5 years have been such a mess for this company. Clients, Staff, and investors have all suffered through what Kelly, Bill-n-Bo (at the time), and the boards though would be a huge payday for them. SunTrust and BB&T were culturally and mission entirely different. Both organizations lost so many good bankers who went on to the new rising stars in banking, Seacoast, Pinnacle, M&T, TD, 5/3rd, Huntington. Clients left too, when they lost their trusted banker (can't name those here). Those people and clients will never return. I hope the organization is now turning the corner for everyone's sake. But...be sure, more changes are coming for clients and staff.

In the last several layoffs, our team lost everybody above 50, and even two people in their late 40s. The rest of us are all here. I don't know if this is the case company-wide, but it certainly left a bad taste in my mouth. Really shows us there's no future for any of us here once we hit a certain age.

Global Empire Corporation laid off 74 employees in March 2024. The company closed its call centre in Liverpool, Nova Scotia. A provincial regulator ordered GEC to pay nearly $194,000 to 69 workers. This payout was for failing to provide proper layoff notice. Global Empire Corporation appealed the decision, and the dispute remains unresolved.

Liverpool, Nova Scotia

https://www.cbc.ca/news/canada/nova-scotia/liverpool-call-centre-9.7241780

Is there somewhere I can check?

Careerminds conducted a new survey on layoff recovery. Organizations average 7.2 months to fully recover workplace culture. Trust in leadership and company future significantly declines after job cuts. These trust levels often remain below pre-layoff averages. Team-building and other strategies can accelerate recovery but are underused.

https://www.hcamag.com/nz/news/general/layoff-recovery-takes-far-longer-than-most-companies-may-realise/579680

This is the perfect moment to think about exiting. Leadership has shown their true colors. We know they don't value people, but only care about their own bank accounts. Our reputation is completely shot and new talent won't touch us. Time for us to start looking out for ourselves.

I'm so over feeling overwhelming dread every Sunday. Give me severance and I'll happily leave. Even being unemployed would be better for my mental health than this constant torture.

Any news on layoffs in Poland? Has someone been impacted already in the last round? Or consultation process still in progress?

Just a short note to wish everyone good luck at this stressful time.
Losing your job is scary but here are some things worth remembering if you get the chop.

It’s not personal, it’s not a judgement on your ability, work ethic or personality.
It’s the incompetent actions of a failing leadership.
You will feel a whole load of emotions, especially if you’ve been at fis for sometime.
Do not make rash decisions in the first few days.
Do try to be polite and professional despite the fact that they are treating you like sh!t. immediate managers handle these things in different ways. Some just read the script, others read the script as they must and then call you separately. Most of the time they have very little if any choice in who gets cut. On rare occasions the tw&t will expect you to spend your last days handing over everything you do to someone else. IF you can say no without losing any payout I’d say no. IF you would lose a payout by refusing, smile, say yes and maybe ‘get sick with stress’ 😊

Lastly remember it’s fis’ loss when you leave, not yours!

The call center building we work in will be closing. We've received hints could be the end of the 4th Quarter, 2026, OR the end of the 1st Quarter, 2027. (Basically in the next 6-9 months. We get the impression from events unfolding, it could be the Tuesday after payday on July 7th?! We find it interesting that the call center will have no electricity or air conditioning July 7, 8, 9 due to the Generator going into a "downtime". It could be merely a coincidence, however researching on the web indicates taking down a generator for a building that's slated to close, could be a sign of events unfolding sooner than later.

I was hired last August, and my RSUs are basically nothing at this point. I'm really disappointed with how this company is run, how/who they're hiring. Most of all, I'm seeing more contractors and offshoring. This company needs to innovate, and I don't see that happening here. I'm done here, I'll start applying elsewhere. Good luck to you guys

It seems some posts show around 9000 views then the next day or so show a much smaller number. Merely curious, there at so many views right now as the date of the next purported layoffs (Tuesday) loom.

Many have been generous with inside information, if you can share, please do.

Tomorrow I’m logging into Gainwell, and honestly, I’m not happy before I even open my laptop. I’m just a regular worker, not some big-degree expert, just someone who learned by doing and is hanging on to this job because I have to and definitely not because the company makes me feel safe or valued. My boss is from Florida and she’s loaded - big house, fancy trips all the time, talking about “recharging” like the rest of us aren’t sitting here praying our name doesn’t end up on the next layoff list. When she says “we all have to tighten our belts,” I want to laugh, because if I get cut, I’m worrying about rent and food, and if she sc--ws up, she still has money stacked and options everywhere.

I see what’s going on in upper management. People are getting worked to the bone, jobs are being shipped off to cheaper places, and they slap the word “strategy” on it like that makes it smart instead of cruel. They sit in their meetings while people like me are burning out, stressed, and scared, wondering if today everything falls apart. Tomorrow I’ll still log in and do my job because I don’t have the luxury not to. My rich boss will be just fine no matter what happens at Gainwell. It’s people like me who get crushed when this place decides we’re just numbers on a spreadsheet.

MD let’s slip on a call Friday that there are layoffs coming mid July. What are you guys hearing?

Anyone hear a rumor about something coming in Auto Finance?

I've heard from employees there of pending Layoffs at Schwab in Phoenix, AZ. Especially for the tenured employees to hire new people much less cost.

This is excruciating not knowing really what to do. I feel like it's all a game. Spin the wheel or pass and hope you pick the right curtain. We live paycheck to paycheck as it is. Gosh if I was a zillionair I would give up most of my salary first to save jobs for others who literally need the money. I don't understand why one would think they need that much money. You could not take that many vacations or buy enough cars anyway so why just why are ppl so freaking greedy. You can't take it with you when your gone. Just so torn and literally having too many heart palpitations over this game show. This is unbelievable!

Baystate Franklin Medical Center nurses are sounding the alarm after hearing about layoffs impacting as many as 22 departments across the Greenfield hospital and the rest of the Baystate Health system.

https://atholdailynews.com/2026/06/21/baystate-health-layoffs-impact/

In fact, that's not true. Not only did not layoffs improve the stock, they've just sped up the fall. We're more than 20 percent down in the last three weeks, the lowest it's been in the last six years. I guess the move to cut almost ten percent of your global workforce is not the investor darling it once was.

Any news on something similar happening here?

If leadership cut the actual dead weight, it could make us stronger. But that's not what happens. They keep laying off key people from critical roles. The ones who keep things running and the ones who solve problems. And they keep the ones who don't do anything. This has been going on for years and it's crippling the company. It makes absolutely no sense.

Does anyone know when layoffs will resume? I thought we were safe for a while but now I'm not so sure.

We've still got too many employees. Get rid of the right ones and we'd be fine.

They're 100% happening. Don't waste this time you have before they start and make sure to get your ducks in a row.

Ron Charles, a former Washington Post book critic, was laid off in February. He chose to write full-time for his Substack newsletter instead of seeking a new job. Charles has gained over 34,000 followers for his independent book review coverage. Many journalists are now transitioning to independent platforms after newsroom layoffs. This shift offers freedom but presents challenges like financial instability and lack of team collaboration.

https://www.poynter.org/business-work/2026/can-independent-journalism-replace-newsrooms/

https://fxnewsgroup.com/forex-news/retail-forex/fx-week-in-review-vcg-markets-ceo-robinhood-layoffs-tentrade-hires-isam-md-ebc-uk-director-accused/

Eklind Tool Company will close its Illinois factory. This closure will result in 112 employee layoffs. The layoffs are scheduled for August 10. The company submitted a WARN notice on June 10. Eklind Tool produces specialized items like hex keys.

Franklin Park, Illinois

https://www.pjstar.com/story/news/state/2026/06/21/illinois-manufacturer-announces-plant-closure-and-layoffs-in-cook-county/90606961007/

Everyone in Engineering and tech roles are working 12+ hrs, Manu are working 16 hrs, and no one is giving appreciation even once. Except they want us to work more, this is unethical, and looks like they want us to leave before they do mass layoff

As we approach the midway point in 2026, nervousness is starting to set in for several employees in sales.

The narrative across the company is “We are not hitting our numbers.” Remember the numbers we are not hitting are those numbers set by the senior leaders. Senior leaders have far too often set unrealistic goals. The truth is our senior leaders should have seen the trends and adapted to them earlier but here we are sitting on the edge of our seats.

It’s time to rid the company of those individuals in sales that don’t speak with directly with customers. Running a branch of employees that only come on one or two days a week is not needed.

The days of clicking a button and watching the numbers grow are over.

Should I be worried?

What were they thinking? I look around at who's still here and who's gone and it's clear the best people are out and the worst people are still in. How did that happen? Either the decision makers only looked at spreadsheets or they're deliberately trying to make this company fail.

I don't get it. People are terrified of being laid off when they should be looking forward to leaving. Any other place would be better. So please tell me. What's making you want to stay in this abusive situation - especially if you're one of the "dinobabies" they openly said they want to make extinct?

Please say it isn't true.

If you think we're paying for the acquisition any way other than layoffs, you haven't been paying attention. What's the easiest way to cut costs? Layoffs. What has this company done every time it needed to save money, especially more recently? Layoffs. More of the same is coming.