#downsizing

Anyone expecting new layoffs today after a disastrous Q1?

IGT announced global layoffs affecting 700 workers last month. This reduction represents about 10 percent of its worldwide workforce. The company stated the cuts align resources with business priorities. Analysts attribute the downsizing primarily to the IGT and Everi Holdings merger. The merger and subsequent acquisition by Apollo Global Management created position overlaps.

Las Vegas, Nevada

https://www.reviewjournal.com/business/casinos-gaming/analysts-too-early-to-tell-how-layoffs-will-affect-igt-in-nevada-3733389/

Wells Fargo is cutting 62 additional jobs at its West Des Moines campus. These job reductions will take effect on May 30. This action is part of a broader national downsizing effort. The company cites efficiency moves and changing mortgage demand. Wells Fargo has now announced 286 cuts in the Des Moines metro area since September.

West Des Moines, Iowa

https://nationaltoday.com/us/ia/urbandale/news/2026/04/04/wells-fargo-announces-more-west-des-moines-layoffs/

Stop misusing "fired" when you mean "laid off." "Fired" implies misconduct; "laid off" implies downsizing. Use these terms accurately to protect professional reputations.

with the stock prices hitting rock bottom, is there any way this company can be saved?
will there be any actual comeback or only setbacks?

again during the night another 1k dropped on slack , maybe its late accounts disabling , about 13k + since the last week .

It’s not easy pulling off cutting 30k people in a single day. I’d almost call it impressive. If only they were that good at other things, like figuring out how to improve the bottom line without laying off that many people. You know, which should be known as doing their jobs.

Oracle sent an email to an estimated tens of thousands of employees this morning to let them know they were laid off. When will Walmart do the same?

still a lot to come i believe they can cut more and more

Europe, romania( big presence in europe and low protection laws ) and other countries

phillipines emea japan australia

until now its about 12k from last week until this day , 8k to hit 20k is a possible number

it seems far from over .

But the push for new sizes and formats has taken on more urgency because both companies have large amounts of debt and face escalating pressure from flat or falling sales of general merchandise in the front of their stores.

https://www.forbes.com/sites/brucejapsen/2026/03/30/cvs-begins-rollout-of-smaller-pharmacy-only-stores/

The era of prosperity is drawing to a close. Our world is entering its final, irreversible decline

Are there any hard pointers such as IT blocking some stuff, etc?

Another 52 week low with the stock today and has fallen under major support

If it continues to fall then it very likely PE take over, strip the company to bare bones and break it up for parts

How deep do people think the cuts will be on the head count?

It’s year end, how many people will be laid off this time?

United Parcel Service withdrew its $150,000 driver buyout program. The offer was withdrawn in 13 states. The Teamsters union strongly opposed the voluntary separation. Local unions filed grievances over alleged contract violations. UPS downsizes its network due to reduced parcel volume.

Atlanta, Georgia

https://www.freightwaves.com/news/ups-retracts-driver-buyout-option-in-13-states-under-union-pressure

For at least a couple of years, until everything settles down. There's no doubt about this in my mind. If you like job security, you're out of luck.

Once a giant now a mouse

Let's say we survive next week, what's ahead of us in July ?

More general layoffs or entire teams and órga being gotten rid of ?

The layoffs are CONSTANT. They keep them small so they don’t have to be reported. But they are happening ALL THE TIME.

This is something people need to realize and accept. There's no point in asking when we'll be having more layoffs when layoffs never really stop.

Probably a couple more months until they close their doors. No more Weatherford in California.

:(

Germany-based Evotec plans to close its Framingham, Massachusetts facility. This closure is part of a worldwide downsizing effort. The company expects to lay off 800 workers globally by the end of 2027. The Framingham site houses Cyprotex, which Evotec acquired in 2016. The number of local employees affected by this shutdown remains unknown.

Framingham, Massachusetts

https://www.msn.com/en-us/news/us/layoffs-coming-to-framingham-reports/ar-AA1Yvv7O?apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1

Dow? Up. Nasdaq? Up. S&P? Up. Xrx? DOWN 6%... Xerox word salad no longer served with, "headwinds."

Another round of layoffs has happened. We’re in the California division. Anyone experiencing more layoffs this quarter?

They just keep coming. There's no end to them. Another round, then another, then another. I'm so tired of it.

There's no longer a point in asking questions about whether layoffs are coming. They are. The answer will always be yes. The only question now is when. Is it in a month or two, or maybe three, but never longer than that. It's not how things should be, but it is what it is.

151 laid off today. counting

St. Louis office presence is dwindling. Cut cut cut, it’s a sad vibe. Got a cookie yesterday though. Anyone have insight on lease ending or closure date?

https://gizmodo.com/oracle-will-downsize-its-product-teams-because-of-ai-2000732097

Portland State University projects a $35 million budget deficit by 2028. President Ann Cudd announced plans for institutional downsizing, called retrenchment. Nineteen academic departments could see reductions or elimination. Rising costs, limited state funding, and a 23% enrollment drop contribute to the deficit. These changes could lead to staff layoffs, with a final decision expected in June.

Portland, Oregon

https://www.kptv.com/2026/03/10/psu-eyes-cuts-19-departments-amid-35m-deficit-falling-enrollment/?outputType=amp

Had about 35 members of my team laid off on the last RIF 4 months ago - last Monday I and the remainder of the team, 7 of us who were left were let go.

It's down to $25 usd. That's a 28.8% 6 month low.

Someone in ELT is going to push the layoff button because they don't have any other buttons.

Siemens Industry faces a massive downsizing eliminating multiple layers of management while consolidating forces with vendor channels to eliminate branch and regional office structures. Siemens longtime US reputation in Building Technologies continues to struggle through tariff negotiations and industry competition forcing leadership to implement significant cost reductions mobilizing Siemens toward a new sustainable model for 2026

Layoffs today, orwide. The new overlords want their money!!

anyone hear of cuts coming down the line, Intralinks is bleeding out and not doing the business it should and our office is feeling the pinch....

Very likely