#cuts

We are carrying excess headcount in Wealth and Brokerage SLs/GCLs. They are largely unproductive, with their primary 'output' being pointless PowerPoints for internal forums that achieve nothing. Their grades are inflated and must be cut to a Grade 7 level

Taking the chance to work for this company was the worst experience of my career. I feel terrible for the amazing leaders we lost today, I am sure my role is next. Onward and upward.

Just a devastating day , esp in OH where rumors said 25% got cut. Lots of tears and sadness. Some people left for the day after they found out (don’t blame them). Hopefully those impacted get back on their feet soon. For those who survived , I think the question you need to analyze is will you be on the chopping block in next round?

Take care of yourself and don’t let this moment define you as it was out of you control.

Western Digital Cuts San Jose Positions

Western Digital initiated job reductions within the Bay Area region. The San Jose headquarters saw 87 job losses. A WARN notice confirmed the January 20 date. Western Digital stated these job changes are permanent. No employee displacement or union representation exists.

https://www.mercurynews.com/2026/01/22/san-jose-western-digital-tech-jobs-layoff-economy-work-bay-area/

East Side Union High School District's board will vote on significant staff layoffs. The district faces a $9 million budget deficit for the 2026-27 school year. Proposed cuts total around 85 full-time positions. These include counselors, social workers, and campus safety advisors. Educators warn these reductions will harm vulnerable students and wellness centers.

https://www.mercurynews.com/2026/01/22/east-san-jose-school-district-to-vote-on-layoffs-for-student-safety-mental-health-staff/

The Hackensack school system's budget deficit has increased to $17 million. This figure is $2 million higher than previously reported. District officials warned that up to 90 staff positions may be eliminated. An audit revealed years of financial mismanagement and improper practices. The Board of Education has sued former officials over their alleged role in the crisis.

https://www.njspotlightnews.org/video/hackensack-school-district-threatens-layoffs-amid-17m-budget-deficit/

Hackensack, New Jersey

RPS Superintendent Recommends Layoffs and Program Reductions

RPS Superintendent Jason Kamras proposed significant budget cuts for the upcoming fiscal year. These recommendations include laying off 50 central office staff members. Summer school for K-8 students will also be eliminated. The district anticipates only modest revenue increases from the city and state. Rising operational costs, such as salaries and health insurance, contribute to the difficult budget.

https://www.wtvr.com/news/local-news/rps-budget-cuts-kamras-recommendations-jan-22-2026

Richmond, Va.

heard TX, ID, and Kansas City had layoffs… what department? team? always hearing through the grapevine. who is next? where is next? why can we never find this out?

What am I aiming higher for? Maybe a 2% merit increase if I’m lucky?

I’m so incredibly sick and tired of being told I need to do more while being offered less and less.

The whole MC is garbage and needs to go.

On the bright side, it's the last time I have endure Micky Onvural making d-mb cuts. Good luck, team!

Historically - no major cull in Jan always means a very large cull in Feb

Is Amazon ever planning to stop? What, does Bezos need another mega-yacht? What the he-l is happening to this place?

Were layoffs being held this week in US/ Canada ?

I'm not liking the quiet, feels too much like a storm is brewing.

This is crazy 25% of my team on OT was wiped out. Even offshore employees were let go. I'm guessing they will be replaced by bottom of the barrel contractors.

How id everyone else's team doing?

For himself and the people behind the curtains. The goal is to strip this thing down to bare minimum costs, maintain a revenue stream and healthy cash flow and dump it off private equity style. He most certainly doesn't work for shareholder or the stock price. The men behind the curtains pull his strings.

Many skilled and hard workers from Montreal were let go today. Very sad to see jobs moving to India.

You heard it here first. The next layoff for Management and Bargained employees is going to cut deep. Organizations and groups typically not impacted are going to see a significant (30%) reduction in force. This year will also be significant focus on 3rd and 4th levels.

Ok now that round 1 of layoffs have taken place, what does anyone know about round 2? I’m sure we all are smart enough to know there’s multiple rounds and a list.

Today Steve will announce he plans to return profits to Obama care in 2026. Flood your congressman with your thoughts as they should ask him where he obtained all that money. Makes sense why no one getting a descent raise, a bonus or why he decreased the 401 k match and the uptick in layoffs. He got to impress some congressman and throw them a bone.

Here it goes again for this company. Layoffs have happened this past week. They say never again and here we go again. More to come in these next six months. That lie about it not happening and it happened.

Train wreck in every org coming. We struggle to manage operations with current staffing, and no way in he!! will HIH provide % of 1% support to keep lights on, nevermind manage strategy. All those on the 20 to 25% cut list, remember you followed their lead, they created the mess...I hope they bought stock in the mops they will need to clean up the slop on the floors.

3% of workforce

Just heard through the grapevine, Friday retail will be hit! Can anyone confirm? May God Bless anyone and everyone affected!

So what is your guess, is this gonna happen and how big it will be?

Managers in design centre are prepping for job cuts. Design usually runs lean, and misses the cuts happening in the rest of the company. If this is correct, GM is in trouble. Design has been told in the past that if studios are cutting there are issues coming.

Today is a really sad day. Losing such talented and hardworking colleagues hurts deeply. You all made a real impact and this doesn’t define your worth. Wishing you strength and success as you begin the next chapter of your life

Heard this morning that a lot of scrum masters were set free with immediate effect (contractors).

Some are given time to find new role within fidelity till end of March.

Any other BU getting impacted?

Hearing multiple people cut across the nation.

Whats your count?

Yesterday in Poland, the company was giving away old branded swag, furniture with company colors, and even coat hangers. It made me wonder whether this is connected to an upcoming rebrand.

At the same time, it feels a bit strange - even wasteful - considering how weak the company’s situation currently is, especially when our VCP bonus won’t even be paid out in full.

Curious if others have heard anything or have thoughts on this.

Comment your org when you get the axe (not the email/meeting invite) - let’s keep track here so we know the extent of the damage.

Thousands of layoffs at Tyson Foods plants take effect Tuesday. Nearly 5,000 employees will lose their jobs in Texas and Nebraska. The Amarillo, Texas plant will cut 1,761 b-shift operations positions. The Lexington, Nebraska beef processing plant will close, displacing 3,212 workers. These actions are expected to reduce the country's beef processing by 7-9%.

https://www.5newsonline.com/article/money/business/tysons-mass-layoffs-tuesday-nebraska-texas/527-77817234-22ac-4b70-8f3e-8230fa8b2670

Heard 20%-30% cut this week to newly merged North Area for Network Ops/Eng. Can someone confirm????

anyone think there will be big cuts in marketing in HQ? Anyone hear anything?

Didn't hear about any cut in Jan and also given that had huge cut in 2025

Just wondering if anyone has any intel on exactly when the upcoming layoffs will occur?

Based on Jane’s recent announcement that the bar will be raised and “we will not be graded on effort”, will Citi be taking a Goldman approaching and simply cutting the lowest performers?

It’s hard to believe that memo can be released and still let go of workers with 1’s and 2’s for ratings….