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Morgan Stanley Cuts Staff Amid Efficiency Drive

Morgan Stanley has reduced its workforce by 2,500 employees, signaling a significant shift towards efficiency and strategic adaptation on Wall Street. This move reflects a "wartime" mentality in the tech sector, driven by AI integration and economic uncertainties. The firm is re-evaluating technology spending and workforce dynamics to enhance productivity and manage costs. Investors are advised to focus on companies demonstrating strong AI-driven gains and disciplined cost management. This action suggests a broader trend of operational optimization across the financial industry.

New York, New York

https://www.kavout.com/market-lens/what-do-morgan-stanley-s-layoffs-signal-for-wall-street


The eight Howard Stern Show staffers who survived the latest mass layoffs

Eight Howard Stern Show employees were highlighted in a recent Instagram post, seemingly confirming their continued employment. This comes shortly after reports of significant layoffs affecting a dozen other staff members. The show is also transitioning to one live broadcast per week starting this fall. Several individuals were named in the post, while others confirmed their departures via social media. Stern recently renewed his contract for an additional three years.

New York, New York

https://www.yahoo.com/entertainment/videos/eight-howard-stern-show-employees-114927173.html


Verizon Ends Community Forum Amid AI Push

Verizon is discontinuing its customer support forum, a platform that has been active for 18 years. This decision follows recent significant layoffs within the company. The carrier is increasingly integrating artificial intelligence into its operations to streamline services. Customers can still access support through the My Verizon App and the company's website. The forum will officially cease operations on August 18th.

New York, New York

https://www.thestreet.com/retail/verizon-community-forum-shuts-down-after-layoffs


Optimum NY Interconnect operations moving to Spectrum

Spectrum Reach Expands Operations in NY, Continuing to Represent Comcast and Optimum, and Providing Opportunities for Brands to Advertise in Nation's Top Media Market

Key Takeaways:

The move strengthens Spectrum Reach's ability to align operations and deliver enhanced multiscreen campaigns for advertisers seeking to reach consumers at scale in the New York market.
Bringing NYI's product portfolio into Spectrum Reach expands the capabilities, insights and local expertise available to brands and agencies in one of the most important advertising markets in the U.S.

NEW YORK, July 21, 2026 /PRNewswire/ -- Spectrum Reach, the advertising sales business of Spectrum, today announced the expansion of its advertising business to provide many of the products and services of New York Interconnect (NYI), which will cease operations on September 28, 2026. NYI is an advanced advertising joint venture that allows marketers to seamlessly purchase TV and digital ad space across multiple Multichannel Video Programming Distributors (MVPDs) in the New York Designated Market Area (DMA).

With this expansion, Spectrum Reach will streamline operations, reducing handoffs and backend execution steps for a more seamless advertising experience while bringing together its advanced advertising capabilities and scale with NYI's local market strength. The expansion will enable Spectrum Reach to be even better positioned to offer enhanced multiscreen solutions that make it easier for brands to reach the right audiences across the New York media market in the rapidly evolving TV ecosystem.

"We are further strengthening Spectrum Reach and New York Interconnect to create even more value for brands and agencies looking to connect with audiences at scale in New York," said Jason Brown, Executive Vice President, Spectrum Reach. "We are strengthening our market-leading capabilities, local insight and advanced advertising solutions to better serve our clients in one of the most dynamic and influential markets in the country."

In connection with this, later this year, certain members of the NYI team will join Spectrum Reach, creating one unified team focused on supporting advertisers, agencies and marketing partners with seamless service and more powerful media solutions, further positioning NYI's current advertising customers for the future, which is streaming and advanced advertising in addition to traditional TV advertising.

More information about Spectrum Reach is available at www.spectrumreach.com.


New York stores being impacted tomorrow list inside

From another district and just got off a call these stores will be impacted and or going to indirect with options to either take the package or continue with indirect once fully transforms

New York / Long Island

Lawerence
Manhasset
Rockville center
57th and broadway


Howard Stern Show Cuts Staff

Howard Stern's SiriusXM show has laid off approximately a dozen employees. This reduction in staff is a direct result of Stern's decision to broadcast only one new show per week. The change follows the signing of a new contract that offers him increased flexibility. Veteran producers remain, but the need for extensive new content has diminished. The remaining airtime will likely feature pre-recorded segments from his extensive archive.

New York, NY

https://pagesix.com/2026/07/14/celebrity-news/howard-stern-lays-off-a-dozen-staffers-preparing-to-drop-to-one-new-show-per-week/


Verizon Announces Further Workforce Reductions

Verizon is preparing to implement another round of job cuts this week as part of its ongoing cost-saving initiatives. The telecommunications giant aims to reduce expenses under the leadership of its new CEO, Daniel Schulman. These layoffs follow previous reductions in November and May, with the company having previously announced a goal of $5 billion in operating expense savings for 2026. CEO Schulman has emphasized that these measures are necessary to reinvest in the company's value proposition and address declining customer satisfaction. The company's stock has seen a modest increase this year, but it continues to trail the broader S&P 500 index.

New York, NY

https://www.barrons.com/articles/verizon-layoffs-73f1fc34


Saint-Gobain Reduces Workforce at Monofrax Facility

Global manufacturer Saint-Gobain has implemented significant layoffs at its Monofrax plant. Seventy-nine employees were affected by this workforce reduction. This action represents more than half of the plant's total staff. The company recently paused a large expansion project in Niagara County. This layoff follows that earlier decision.

Falconer, New York

https://www.bizjournals.com/buffalo/news/2026/07/06/saint-gobain-layoffs-falconer-monofrax.html


People Keep Sneaking Into an Empty IBM Campus. This Town Has Had Enough.

The decay making the national news.

https://www.wsj.com/us-news/ibm-campus-explorers-somers-new-york-e3dfe489

Vacant New York complex has become a magnet for urban explorers

By: Scott Calvert | July 7, 2026 5:30 am ET

SOMERS, N.Y.—Robert Carleton was getting the mail one day in April when he saw a group of teenage boys sprinting away from nearby woods. He cut them off at the road and raised his arms.

“I just said, ‘Stop, it’s over,’” the 62-year-old retired engineer recalled. Soon, he said, three pursuing New York State Police troopers emerged from the tree line and arrested seven juveniles.

The criminal charge: trespassing on the former IBM campus here.

The long-vacant site has become a magnet for so-called urban explorers, who prowl abandoned malls, hospitals, power plants, amusement parks, factories and any other disused structure they can breach.

The global “urbex” phenomenon isn’t new, but it’s been turbocharged by artsy videos on Instagram and TikTok that spur others to create their own posts, luring still more curiosity seekers.

Police in Livingston, N.J., recently warned people to stay out of the closed Livingston Mall property. Jacksonville Beach, Fla., police issued a similar caution in April about the shuttered Adventure Landing amusement park: “We are aware of a Tik-Tok challenge to explore the property.”

In Somers, social-media images of the old IBM campus—a sprawling, pyramid-studded 1980s complex designed by the late I.M. Pei’s firm—show dystopian scenes: busted windows, tossed rooms and graffitied walls. But they also give eerie glimpses of conference rooms and cubicles unchanged since IBM left a decade ago, as if employees had fled the daily grind one day and never returned.

The monthslong influx has rattled the Westchester County town of 21,500 that calls itself the “Cradle of the American Circus.” Officials decry the trespassing as a risky gambit that is wrecking an iconic property they want revived.

“If somebody gets hurt and they’re trapped in there, now it’s additional resources for us, and I have to worry about officers getting hurt,” said Chief Brian Linkletter, of the 17-officer Somers police department. “And why? Because somebody wants to walk through an empty building.”

Sebastian Capital, the Manhattan company that manages the 723-acre site, said it has beefed up security and appreciates the help from police. “We have been the victims of vandalism,” Roxana Girand-Spitzer, president and chief executive, said in a statement nodding to the urbex trend.

Since February, state police have arrested 48 people for trespassing on the property, many from nearby towns; 30 were teenagers. One man in his mid-20s faces felony charges; police allege he had a loaded 9mm g-n and took a Sony camera and power strip among other souvenirs.

Andrew Proto, a defense lawyer, said “a 15-second clip” isn’t worth a criminal record. “If you have already been arrested, you’re not the first call we’ve taken this month,” he blogged in May, “and you won’t be the last.”

Proto said he has represented or advised several minors arrested on the campus. The Somers town court clerk said some defendants received a 6-month “adjournment in contemplation of dismissal,” meaning charges will be dropped and their arrest sealed if they avoid trouble.

Some explorers who have posted about the IBM site say they follow an observe-and-preserve ethos and reject vandalism. They say they’re driven by curiosity, the thrill of roaming forbidden spaces and a zeal to document discoveries—and that they’re careful and know their limits.

“It actually gives me hope when I hear that kids are out there getting into trouble,” says Bradley Garrett, a cultural geographer and author of the book “Explore Everything: Place-Hacking the City,” about his own urbex adventures. He sees urban exploration as “a gateway dr-g in a good way, sometimes, into intellectual curiosity about history and culture.”

But Garrett said popular spots can be “loved to death” online—and then shut down, looted or set ablaze.

The Somers IBM plant sits on a hilltop, ringed by woods, its pyramids visible from nearby Interstate 684. Three roads lead in; at least two have barriers. “No trespassing” signs plaster trees on the perimeter.

Pei’s firm, now called Pei Cobb Freed & Partners, began planning the IBM campus in 1983. That year he was named architect for the Grand Louvre project in Paris, which also yielded a large glass pyramid.

After its completion in the late 1980s, about 2,300 employees worked at the complex, spanning more than a million square feet.

In 2016, IBM sold the property for $31.75 million, and it is owned by a limited liability company that shares a Fifth Avenue address with Sebastian Capital. A plan to convert it to a private school foundered during Covid and Sebastian said it is considering next steps.

While people sometimes ventured onto the campus over the years, trespassing escalated last winter as social media videos “spread like wildfire,” said Supervisor Robert Scorrano, Somers’ elected chief executive.

One, he said, showed someone sliding down a pyramid feature.

Leigh Jones, 55, whose home backs up to the campus, said she would like to see the complex renovated, not least for the boost to the tax base. But Jones doesn’t mind the urban explorers if they don’t trash the place.

A landscape architect, she once went inside the buildings to look around herself, she said. She saw vegetation pushing up through the parking lot, and a “ghost towny” interior with nice office furniture and photos on walls.

Other neighbors like Carleton want the interlopers to keep out. “If they’re breaking in and vandalizing and starting fires, this place is going to be worthless,” he said.

Herb Oringel spent about 10 of his 44 years with IBM doing strategic planning in Somers. The bold architecture and verdant grounds were an apt setting for high-level thinking, he said.

Oringel, who is 85 and lives in town, finds the long vacancy distressing. He also has a dim view of the trespassers. “Very disappointing,” he said after watching urbex videos from his living room easy chair.

“It was at one time the Acropolis,” he said. “So to think of it as a ruin is absurd.”


New York Bill Boosts Severance Agreement Protections

The New York Legislature passed a bill called the "No Severance Ultimatums Act." This bill imposes new requirements on employers offering severance agreements to employees. Employers must provide 21 calendar days for consideration and a 7-day revocation period. The Act expands federal protections, like those in OWBPA, to all New York employees regardless of age. If signed into law, non-compliant severance agreements would be void and unenforceable immediately.

https://www.jdsupra.com/legalnews/new-york-s-no-severance-ultimatums-act-1086745/


Pure Gym Cuts 69 Roles at Old Gym Facilities

A cleaning service recently laid off 69 workers. These layoffs affected 43 former Blink Fitness locations. The article implies these sites are in New York City. The cleaning service is identified as Pure Gym in the article's URL. The reason for these staff reductions was not specified.

New York, New York

https://www.crainsnewyork.com/real-estate/commercial/cny-pure-gym-lays-off-blink-workers-20260630/


VSP payout+Tax responsibility (NY)

It is my understanding that all severance pay will be taxed similarly to annual bonuses (around 22% federal + state/ss/medicare, totaling somewhere around 35-45% in NY). Are there circumstances where employees can opt to reduce the amount of taxes taken up front? Can anyone speak to this? Any HR reps in here?


Novartis Cuts 60 Jobs at Acquired Tourmaline Bio

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/


EY Trims Junior Audit Roles

EY is reportedly laying off audit Staff 1s this week. The exact number of affected employees remains unclear. These layoffs are occurring near the end of EY's fiscal year. The firm hired over 2,300 audit professionals in fiscal 2025. EY recently opened a new AI center in Bengaluru, India.

https://www.goingconcern.com/layoff-watch-26-ey-trims-some-newbies-in-audit/


JetBlue Airways Ends Newark, LaGuardia Operations for Florida Growth

JetBlue Airways is closing key operations at Newark Liberty International Airport and LaGuardia Airport. This decision aims to reduce costs for the airline. JetBlue will shift its focus to expanding services at Fort Lauderdale-Hollywood International Airport in Florida. The airline plans to significantly increase daily flights from Fort Lauderdale. JetBlue has stated that no staff layoffs are planned due to these changes.

New York, New York

https://www.financialexpress.com/world-news/us-news/jetblue-airways-shuts-down-key-operations-at-2-major-us-airports-will-staff-layoffs-follow/4270875/lite/


What’s the deal with the NY\NJ WARN notice discussions?

A third of the posts are in regards to the many different ways that the WARN notice for NY\NJ can be interpreted, why? Is it really that complex? Is it really that dynamic to where it changes so often, you have to constantly crunch the numbers?

I live on Apple St., which is one block over from outside the NY city limits. If its a Tues at 3PM and I get placed on notice but I’m not told about it until the following Friday at 1PM, do I get an extra 2.37 days worth of pay? etc…. WTF kind of questions are these plaguing this board?!?!

I don’t see any other location discussing all the different possible gyrations of how to squeeze another 2 cents, 2 days, whatever out of the system.


Artlist Cuts 200 Jobs for AI-Native Model

Artlist, an Israeli creative technology company, plans to lay off approximately 200 employees. This reduction represents 40% of its 500-person workforce. The company attributes the layoffs to a strategic reorganization towards an AI-native operating model. Artlist aims to become a flatter, faster, and more autonomous organization. These changes occur despite the company surpassing $300 million in annual recurring revenue and achieving 50% year-over-year growth.

https://www.calcalistech.com/ctechnews/article/xrqudqiq6


State Funding Stops Wallkill Town Layoffs

Senator James Skoufis and Assemblywoman Paula Elaine Kay secured state funding. This $4 million allocation prevents significant service cuts and job losses. The Town of Wallkill faced financial shortfalls due to fiscal irregularities. Approximately 97 employees were at risk of being laid off. The funding allows the town to maintain essential services and regain financial footing.

Wallkill, New York

https://midhudsonnews.com/2026/06/09/kay-skoufis-secure-funds-to-prevent-town-of-wallkill-layoffs/


FanDuel Cuts Hundreds of Jobs

FanDuel recently laid off several hundred employees. This move impacts a few hundred people from its 5,000 total workforce. The company stated these changes strengthen its long-term strategy. Affected departments include business development, operations, and engineering. These layoffs follow previous workforce reductions and industry trends.

https://finance.yahoo.com/markets/stocks/articles/fanduel-lays-off-several-hundred-220007878.html


Maria Aspan Exits NPR Finance Role

Maria Aspan, a finance correspondent for NPR, was laid off. She spent two years covering Wall Street, the economy, and corporate power. Aspan joined NPR from Fortune magazine, where she was a senior features writer. Her career also includes reporting for American Banker and Reuters. She has received numerous awards for her journalism.

New York, NY

https://talkingbiznews.com/media-news/npr-finance-correspondent-aspan-among-the-layoffs/


Pace Gallery Reduces Artists and Staff

Pace Gallery recently cut 50 artists and laid off 50 staff members. This represents a 30% reduction in artists and 20% in employees. CEO Marc Glimcher described the move as a "model correction." He stated the current gallery model is "unfixable" and needs change. The gallery will now focus on representing approximately 80 artists.

New York, New York

https://hyperallergic.com/pace-cuts-50-workers-and-50-artists-citing-a-broken-gallery-model/


Dow Jones Eliminates Multiple Union Positions

IAPE 1096 confirmed Dow Jones is reducing staff. Editors were asked to volunteer for layoffs in a department merger. This merger aims to cut ten editorial positions by August. Additionally, 28 union positions in Technology departments will be eliminated. In total, 42 IAPE-represented employees are affected by these changes.

New York, New York

https://talkingbiznews.com/media-news/wsj-union-confirms-editors-asked-to-volunteer-for-layoffs/


Syracuse Diocese Expects No Layoffs Post-Bankruptcy

The Roman Catholic Diocese of Syracuse expects no layoffs or parish closures. This comes as the diocese emerges from bankruptcy proceedings. Many other dioceses have faced closures and staff reductions. The Syracuse diocese filed for bankruptcy in June 2020 due to s-x abuse lawsuits. A $176 million compensation fund was created for abuse survivors.

Syracuse, N.Y.

https://www.syracuse.com/news/2026/05/syracuse-diocese-says-no-layoffs-parish-closures-expected-as-it-emerges-from-bankruptcy.html


New York State Eyes AI Job Loss Reporting Bill

State Senator Michelle Hinchey proposed the AI Labor Information Act. This bill requires large New York employers to report AI-related job losses. Businesses with 50 or more employees would disclose positions replaced by AI. The proposal also tracks human work hours remaining after AI integration. The bill is currently advancing through legislative committees.

https://www.timesunion.com/capitol/article/ai-labor-bill-new-york-legislature-jobs-22275358.php


Watertown Approves Budget with Tax Increase, Three Layoffs

Watertown City Council adopted its new budget on Thursday. The approved spending plan includes an 8 percent property tax increase. This budget will result in three employee layoffs. Affected positions are a police records clerk, a library clerk, and a code enforcement officer. Ten other positions were eliminated through attrition or vacancy.

Watertown, New York

https://www.wwnytv.com/2026/05/21/watertown-adopts-budget-with-tax-increase-layoffs/


Voters Consider Budgets With Job Losses in Region

Voters in Central New York school districts are deciding on budgets. Many districts face increasing costs for health insurance, utilities, and transportation. State funding remains flat while enrollment is declining across the region. Several districts propose staff reductions, including layoffs, to close budget gaps. Liverpool, Fulton, Jamesville-DeWitt, and Cortland are among those planning job cuts.

https://www.syracuse.com/schools/2026/05/school-district-voters-head-to-polls-tuesday-to-decide-on-budgets-including-some-with-layoffs.html


Associated Press Cuts 20 Jobs Amid Restructuring

The Associated Press laid off 20 U.S.-based journalists on Friday. This action is part of a previously announced restructuring plan. The organization is shifting its focus from print to visual journalism and other revenue sources. These layoffs followed buyout offers made to over 120 journalists last month. Approximately 40 staffers accepted the voluntary buyouts.

New York, New York

https://www.newsday.com/business/news-industry-ap-layoffs-q20022


Goldman Sachs Rolls Out AI, Foresees No Job Reductions

Goldman Sachs is deploying generative AI to automate back-office tasks. President John Waldron stated this initiative will not cause mass layoffs. He expects the company's overall headcount to remain stable. Goldman Sachs Research estimates AI could expose 300 million jobs globally. Analysts remain skeptical, noting potential impacts on entry-level roles.

Manhattan, New York

https://hoodline.com/2026/05/goldman-boss-pushes-ai-factory-floor-swears-manhattan-jobs-won-t-vanish/


Children's Institute Announces 34 Layoffs After URochester Contract Ends

The Children's Institute will lay off 34 employees. This follows the University of Rochester's decision to end its leased employee relationship. A WARN notice was filed with the New York State Department of Labor. The layoffs are scheduled to begin on June 30. The university stated the Institute now operates with greater independence.

Rochester, New York

https://www.whec.com/top-news/childrens-institute-to-layoff-34-jobs-following-contract-split-with-urochester/


WARN -- New York - I only got 30 days????????

The New York State Worker Adjustment and Retraining Notification (WARN) Act requires employers with 50 or more full-time employees to provide at least 90 days of advance notice before mass layoffs, plant closings, or business relocations. This law, which is stricter than the federal WARN Act, ensures employees have time to find new jobs or seek training