#layoffs

It’s going to be a very long stressful difficult week! Hopefully we all hear the news soon and it’s everything we hope it is whatever it is we want. Good Luck everyone

My last working day with Citi was 06/30, non-working notice period is 7/1-8/29. So far still haven't received the shipping box to return the company property. Can anyone share how soon do people who get laid off receiving the shipping box after the last working day? Thanks!

Everyone should tune into 2Q earnings on Wednesday and witness “leadership’s” spin on their reality vs ours and our customers. What’s the anticipated playbook? If like other earnings or townhalls it will go something like this:
1) Credit Hoarding and Blame Deflection: Stankey will take personal credit for all successes, but scapegoat realities or market factors for any poor metrics, failures, or missed targets.
2) Spinning Data: He’ll present metrics selectively to inflate achievements while minimizing or altogether hiding negative data/results.
3) Focusing on Optics Over Substance: He’ll prioritize vanity metrics like PR splashes or superficial growth instead of addressing structural issues or the long-term sustainability of the corporation.
4) Gaslighting Employees: He’ll publicly contradict internal realities; he will claim the company is thriving while employees experience understaffing, canceled projects, and record level layoffs and burnout.
5) Silencing Dissent: He’ll negligently ignore bad news, punish employees (no matter their level) who report operational failures or low morale, and exclude critical voices from high-level conversations.
6) Lack of Empathy for Stakeholders: He’ll dismiss the toll that poor organizational performance (e.g., RTO and targeted layoffs, restructuring) takes on the workforce and quarterly results.

https://www.thecrimson.com/article/2026/7/20/fas-layoffs-first-round/

The rumors are getting louder about another round of cuts, possibly starting next month. Does anybody have any concrete info about it or should I just not worry just yet?

They see us as a cost to cut. Do they think they can survive without the people who actually do the work? We're treated like we're disposable.

It might not happen right away, but you can be sure there will be at least one more big round if not more before the end of the year.

How much more can they cut before operations suffer? And by the time it stops, nobody will want to be here anyway.

I don't have the same level of hatred for this place that a lot of people do, but I'm also not blind. The constant layoffs aren't a solution, they're just a way to delay the inevitable. You can only cut so many people before there's nobody left. I don't see how this ends well.

I'm watching more and more people make their exit. One of my coworkers just left for a job that pays significantly less, and he says he's never been happier, and I believe him. Others are just hanging on, waiting for a layoff so they can get severance and then they're gone too. I think management thinks they're saving money, but losing all this talent is going to cost them far more in the long run.

Communications giant Verizon $VZ reports its Q2 earnings next week – July 24 – with Wall Street analysts becoming increasingly worried about the impact of competition from Elon Musk’s newly listed SpaceX $SPCX.

VZ’s share price is up 10.4% in the year-to-date, helped by its cost-cutting program to boost efficiencies and M&A such as its $20 billion purchase of fiber-optic internet provider Frontier Communications.

Wall Street expects Verizon to report earnings per share of $1.28 in Q2, up from the $1.22 it reported in the same period last year. Revenues are tipped to come in at $35.23 billion, up from $34.44 billion last time.

What Do Analysts Say?

Scotiabank Four-star TipRanks-rated analyst Maher Yaghi recently lowered his price target to $51.50 from $54.50 but kept an Outperform rating on the stock. It came as part of a report into the telecommunication services sector. Yaghi said he was adjusting some multiples on these stocks down to “investor trepidation to increased satellite competition”. However, he said he continues to favor Verizon in the sector.

The competition is likely to refer to the continued expansion of Elon Musk’s Starlink satellite services. Its growth is set to be rocket-fueled by the recent IPO of parent company SpaceX $SPCX.

Indeed, Bernstein analyst Laurent Yoon gave a similar reasoning after lowering his price target on VZ to $44 from $49, keeping a Market Perform rating on the shares.

“While SpaceX’s Starlink is unlikely to have a substantial near-term impact for telecom companies, it represents another competitor in an already mature and highly penetrated broadband market,” he said. Yoon believes the presence of Starlink implies subscriber gains for one provider will increasingly come at the expense of another, making market share shifts more consequential. “Uncertainty surrounding Starlink is unlikely to be resolved anytime soon,” he said.

There has been much industry commentary about whether Starlink would be forming an MVNO – Mobile Virtual Network Operator – partnership with a major telecoms company or operate as an independent mobile carrier. Indeed, SpaceX is reportedly now considering launching a Starlink retail product and could build its own terrestrial U.S. mobile network.

Five-star TipRanks-rated Wells Fargo analyst Steven Cahall believes Verizon has “the most to lose and the most to gain from an MVNO with Starlink,” applying a 40% probability to such a deal. He noted that a VZ-Starlink Mobile MVNO “would be mid-to-high single digit percentage accretive to EBITDA/EPS by 2032.”

He recently initiated Verizon at Equal Weight with a $43 price target and named it Wells Fargo’s most preferred telco.

It's the major rounds that happen occasionally and everybody gets all panicked about. But there are constant cuts, happening all the time, with just a few people here and there. You aren't noticing because you're not paying attention to anything smaller scale. Don't assume you're safe just because there won't be any major rounds before September or whenever.

How many years do you need to be here to get severance?

If a company decides to cut a role, that decision is rarely sudden — it’s planned weeks, often months, in advance. So why not give employees 4–5 months’ notice before the actual layoff date, instead of ending things overnight?

Given the headcount of AEG, we are heavily investing in AI. Our strength in AI chip design lies in the vast internal data within our tools, which can be directly leveraged by AI models, a luxury that customers and other AI chip companies simply do not have. That said, it is striking that neither my team nor neighboring teams appear to be working directly with AEG to integrate this AI into our tool workflows. It seems to me that AEG is another den of scammers. Meanwhile, we are laying off many contributing employees while expanding a group that lacks profitability, clear direction, and a viable strategy.

Almost forgot to post about this. Heard a PL (not mine, she's amazing) one day the week before last say "Mission Simplify has nothing to do with layoffs and RIFs. It's all about operational efficiency."

Riiiiiiiight.

• Monday, Monday...cant forgot that day.
• Monday morning you sure look fine. Friday I got traveling on my mind.
• Just another manic Monday
• Rainy days & Mondays always get me down
• I dont like Mondays

Enjoy tomorrow and keep us updated on the (be)head(ed) count!

In the last several rounds, most of the people let go were in their 50s and 60s. The most experienced people. How is this allowed?

Will there ever be a time when we're not constantly worried about layoffs? Job security feels like a thing of the past. I'm so tired.

What do you think the odds are of another round of layoffs in the next couple of months?

https://www.kqed.org/news/12091358/4500-google-employees-demand-job-security-amid-big-tech-layoffs

I'm wondering if Allstate offers anything more than severance when laying people off. Job counseling, retraining, anything? Or is that too much to expect?

We can't have more layoffs. We've already let too many experienced people go and replaced them with new grads. The impact is obvious to anyone with eyes and it's only getting worse. More layoffs can truly harm the company and the bottom line in the long run.

We get some kind of an official indicator ahead of each round, and there's nothing this time. Call me crazy, but I won't get worried over rumors.

People are leaving in droves. I'm wondering if there's anything that could actually convince you to stay, or are you just done?

There were rumors about possible layoffs next week. How concerned should I actually be?

Germany’s Merck Group plans to impose cuts at two Israeli development centers with dozens of layoffs. The centers where there will be cuts are the Jerusalem Electronics Center based on the acquisition of Qlight Nanotech in 2015, and the R&D activity at the Life Sciences Center (Research and Laboratory Technologies) in Rehovot, based on the Sigma-Aldrich acquisition in 2014.

https://en.globes.co.il/en/article-merck-downsizing-two-israeli-development-centers-1001549776

I hate this job and this company. I'd leave if I could, but the market is awful. The only silver lining is that layoffs happen all the time, so I might get out with severance eventually.

When will the layoffs pick back up again?

We have people carrying the team while others do almost nothing. Why don't the layoffs ever target the right people?

Has anyone hear chatter on timing?

Months after my team was affected by layoffs, I'm still the one doing most of the work of those who were shown the door, with no extra compensation. If I'd been laid off, at least I'd have severance to live on while I looked for something else. This feels like a much worse outcome.

I used to worry about layoffs occasionally. Now it's all the time. I'm exhausted. I'm thinking about job hunting even though it'll be tough at my age.

Severance is the only thing that gets me excited these days. This place has turned into a toxic nightmare and I can't see how staying here would be a positive for anybody. I check here in hope of hearing of more cuts coming, not in fear. Give me a package and I'm gone.

Anytime this year?

• Judge says emergency order not justified
• Workers claim AI tools targeted people who took medical leave
• Novel claims will be decided in private arbitration

https://www.reuters.com/business/world-at-work/us-judge-wont-block-meta-laying-off-workers-who-filed-ai-discrimination-lawsuit-2026-07-17/

I heard that most of the experienced people we laid off recently were immediately snapped up by a competitor at a much higher salary. If that doesn't show how clueless our leadership is, nothing will.

I keep going back and forth on whether I should be genuinely worried about more layoffs or if this is just the usual background anxiety that comes with working here. Is there actual reason for concern, like something concrete, or am I just winding myself up for nothing?