#employeerelations

Does anyone know when the 2026 RSUs that were awarded will show in our benefits online account?

I just heard somebody say he thinks more notifications will go out today, but I have a feeling he's just being paranoid. It's over, right?

Yall were right! I just got my raise last week and pulled in a meeting to get let go this morning. I am apart of the team that is one of the merger companies. Damn!

Great news to hear from HR that they’re discontinuing the pension plan for those of us who have remained loyal to the company and accelerated the growth of the stock price.

St. Helena Unified School District plans staff reductions. Eight roles are affected, including a high school counseling position. The district cites falling student numbers and increased expenses. Faculty members voiced strong concerns about the proposed cuts. The school board must finalize these decisions by May 15.

https://napavalleyregister.com/star/news/st-helena-high-school-layoffs-guidance-counselor/article_07d70c72-2465-40c3-9e80-cc9a709e731b.html

Delivering the mission statement 'Lets get going' and simultaneously firing about 1000 people would appear to show a serious lack of common sense. Are you people serious?

# Morgan Stanley Layoff Report — March 4, 2026
Source: TheLayoff.com | Thread: Morgan Stanley WM/Tech RIF
Thread ID: @OP+1kjtkpz73
Views: 8,754 | Replies: 60 | Last Activity: 8 hours ago (as of report generation)

## Executive Summary

On March 4, 2026, Morgan Stanley carried out a significant reduction in force (RIF) affecting its Wealth Management (WM) and Technology divisions globally. The Wall Street Journal pegged the cuts at approximately 2,500 employees, representing roughly 3% of the total workforce (@ez). The layoffs rolled out across time zones throughout the day, beginning in Asia and progressing through EMEA and North America. Affected employees reported being escorted out of offices, receiving garden leave notices, and in some cases discovering their severance was capped below what their tenure would suggest. No WARN Act filings were identified by thread participants ahead of the event.

## Scale & Official Confirmation

The thread was initiated by Anonymous 72 (@OP+1kjtkpz73) on March 4, who confirmed the RIF for WM was set to occur that day. The original post was made approximately one day before widespread reporting emerged.

The scale was subsequently corroborated by a user citing Wall Street Journal coverage (@ez):

"Wall Street Journal just posted a story. Said 2,500 or 3% of the workforce."

This figure places the event among Morgan Stanley's more significant recent headcount reductions. The thread notes no advance WARN Act filings were identified in the US (@eg, @dq), which generated discussion — one user speculated this may be because the majority of cuts were concentrated outside the US (@dr), which would exempt the firm from domestic filing requirements.

## Geographic Scope

Layoffs were confirmed or credibly reported across at least six cities spanning four countries, suggesting a coordinated global action rather than a regionally isolated restructuring.

### Asia (First Wave)
The thread noted that March 4 arrived in Asia first, and that the RIF had "started" there (@b6). Specific details from Asian offices were limited in the thread.

### London & EMEA (Second Wave)

• A London equities employee reported being told their position was at risk (@cw).
• Tech in London was independently confirmed as affected (@d0).
• One user reported that London had "finished" processing before the US wave began (@dn), suggesting a structured, time-zone-sequenced rollout.
• An EMEA-wide mandatory call for tech staff was reportedly called on short notice (@cp).

### Glasgow

• Affected divisions confirmed: finance, legal, and cyber security (@dd).
• Notably, one user suggested the cuts in Glasgow may have begun as early as mid-February, with several VPs disappearing around February 15 on apparent "leave" of 1.5–2 months — interpreted by the poster as quiet separations ahead of the formal RIF date (@dd).
• One IB employee in Glasgow confirmed their role was designated "at risk" and that a 30-day consultation period had commenced (@f8).

### Montreal

• Tech division confirmed affected (@ed).
• One employee reported a colleague was escorted out of the office with all her belongings (@ef).
• An Executive Director in Montreal was confirmed let go (@ey).

### New York

• WM Operations confirmed affected; at least one employee confirmed they were laid off (@dj).
• A 28+ year veteran (VP L4, tech) in NYC confirmed separation (details in Severance section below) (@dv).

### Alpharetta, GA

• Confirmed affected (@dk).

### Arlington, VA

• Multiple people escorted out of the Arlington office (@er).

## Seniority of Those Affected

Reports suggest the RIF was not limited to junior employees. Confirmed or reported senior separations include:

The presence of EDs and senior VPs in the affected pool suggests this was a performance-agnostic cost reduction exercise rather than a targeted performance-based action.

## Severance & Compensation Details

One of the most detailed firsthand accounts came from a 28+ year NYC VP (L4) in technology (@dv):

• Placed on garden leave through June 30, 2026
• Severance was described as capped, despite tenure exceeding the cap threshold
• The poster noted "there were good things there and better things ahead"

A follow-up post from another affected employee (@dx) added:

• Received 3 weeks of severance per year of service, but capped at 15 years despite 20 years of actual tenure

This cap drew scrutiny. Anonymous 72 (@e4) noted the cap represents a specific dollar ceiling tied to officer title, and that it may be legally challengeable since the cap threshold is never disclosed to employees prior to a RIF.

A separate user confirmed there is an internal HR website listing the dollar caps by title (VP/ED/MD) (@e7), though the URL was not publicly shared in the thread.

## Process & Transparency Concerns

Several users raised concerns about how the RIF was handled procedurally:

• No WARN Act notices identified for the US as of the time of posting (@eg, @dq). One user noted this may be because the cuts were primarily non-US in focus (@dr), which would exempt the firm from the 60-day advance notice requirement under the federal WARN Act.
• No advance media coverage — multiple users expressed surprise that a reduction of this scale had not appeared in the press beforehand (@b5, @dq).
• One user speculated the March 4 date may not represent the end of reductions, suggesting a rolling layoff model in which additional divisions (e.g., Banking, non-tech WM) could follow in subsequent weeks (@ds).
• The Glasgow situation (@dd) raises the possibility that some separations were being quietly processed weeks before the official RIF date, which would be consistent with a rolling or pre-staged reduction strategy.

## Division Breakdown

Based on thread reports, the following divisions were mentioned as affected:

## Notable Contested Claims

Two posts (@e9, @ej) made claims alleging that layoffs disproportionately targeted white employees and attributed this to managerial bias. These posts received heavily split reactions (roughly equal upvotes and downvotes) and generated significant sub-thread debate. They are noted here for completeness but:

1. Are not independently verifiable from thread content
2. Represent individual perceptions, not documented patterns
3. Should not be treated as factual reporting absent external corroboration

## Key Open Questions (As of Report Date)

• Will additional RIF waves affect Banking and non-tech WM, as speculated in @ds?
• Are severance caps legally defensible given the non-disclosure issue raised in @e4?
• Did Glasgow separations beginning ~February 15 (@dd) constitute a pre-staged RIF, and does this affect WARN Act or UK employment law compliance?
• What is the total headcount impact in each geographic region?

• Report compiled from user posts on TheLayoff.com thread @OP+1kjtkpz73. All information is sourced from anonymous employee accounts.

Some folks I know left stable jobs to come here, thought they were moving up. Less than a year later, laid off. Probably just layoff fodder to even out the demographics. This place ruins lives.

I’ve worked at Wells Fargo for five years. For four consecutive years, I met expectations and received merit bonuses. Last year was the only time I was rated “inconsistent,” based on metrics that were never clearly communicated, and I did not receive a raise.

Now I’m being told I must outperform everyone on the team because of last year’s rating. I’m required to have weekly check-ins and am being criticized over minor issues, while others with similar performance are not held to the same standard.

My manager has said this is due to a “new policy,” but the way it’s being applied feels selective and unfair. At the same time, documentation is being added to Workday that does not accurately reflect the full picture of my performance.

…knock it off! I know it su-ks always being worried about losing your job every Tuesday after payday, but you really don’t want to lose your job, especially with so many industries laying off in the last year or so. It sounds good to have a break from all the cr-p that goes on in office (I totally get that), but being freshly unemployed is NOT fun and I do not wish that upon anyone! It is hard to find a job in 2025/2026, especially when you don’t already have a job. A lot of posts for the last week or so saying March 3rd was going to be a huge day for layoffs and it was no worse than any other day. Stop creating unnecessary drama and fear for people saying the sky is falling when it’s not. Yes, I know some people lost their jobs yesterday and that su-ks, but be a good person and don’t post rumors…only post facts!

I have worked at the bank since 2014. Several years ago I received a promotion to Sr. Lead Analytic Consultant. The raise that went with that promotion put me above the lower limits by just a couple thousand dollars. Currently that role is posting for $139K - $239K per year. After my increase this year I am still making below the lower limit. Is this normal? Are others experiencing this same issue? For background, I have been 'Meets' consistently over the last couple years but never missed an SLA or Training assignment.

Be great at execution! Be great at chopping headcount.

Do whats right: fire everyone!

Embrace candor: You will be fired.

Build a high performing team, bit in India.

On the Beat, seeing some red faces trying to sell these budget restraints.

This will come as a surprise to Chevron management; respect is earned and not deserved due to title or legacy. It has been a long time since I worked with a Chevron manager who actually earned respect. Management drafts way too many entitled individuals into their ranks who have little to no regard for the workforce, do not have a reasonable understanding of the workflows they are responsible for nor a comprehension of the industry as a whole. Sad to see the company that I have worked for over twenty years start to cave in on itself due to poor leadership and decision making. Management ranks are full of nepo-babies, one hit wonders, and TikTok influencers without a clue. Experience, skills, and hard work are no longer valued here.

WellCare will layoff over 100 employees sometime before March 31, 2026. No formal communication has been given to impacted employees. Only stated that you will know sometime this month when your last day is and possible severance if eligible.

I talked to a coworker recently who said the pay increases in the past were retroactively paid out, going back to the beginning of the year. Is that true?

Does anyone know where to find our bonus payslip for this Friday? I’d like to see the actual amount and there’s nothing on Workday - of course.

Just like so many other sites, they were given a feel good speech and feel all safe and sound. It’s all nice weather before the storm hits. The layoffs are a roving spot light. Sometimes it quickly passes over, sometimes it stops and stays for a while focusing on one area only. Right now the Belfast office feels safe but so does the docks before the ocean swells. Oh, there’s plans for Belfast alright, they’ve just not manifested yet.

Just TUPE-ed to a different contact provider who actually gave us a 1.5% increase on transfer because the timing means we miss their annual review and DXC's (ha ha) March review.
It remains to be seen what they're actually like as an employer - but they'd have to try really hard to be worse that DXC.
Hope things work out for the rest of you.

Home Depot recently announced significant changes for its corporate workforce. The company eliminated 800 positions, primarily affecting remote employees. Despite these layoffs, Home Depot plans to create 250 new jobs in Cobb County. Corporate workers are now required to return to the office weekly, supported by a child care center expansion and new parking. Company officials assert that Home Depot remains financially sound and is growing.

https://www.mdjonline.com/news/local/home-depot-employees-return-to-office-at-cobb-headquarters-after-layoffs/article_b6317a58-5623-4f02-94b3-834caa4d404b.html

Anyome here moved to a new role internally after less than 12 months in current role? Or know of any colleague who did this.

I'm already an I-7 and I have no RSU as part of my comp. Which I levels get RSUs and how much ?

BOA is known to layoff hardworkers more than those who don't do their fair share of work. I have been with this bank for 28yrs and witnessed so many good workers who always did what was expected of them within their role and more. While the slackers tend to remain left behind. This has resulted in questioning why should those who are always willing to do more than what they are expected continue to do so and let those responsible for doing certain tasks do their damn jobs.

How many of you have a manager that is always meddling into other teams responsibilities and expect their own to do other teama work oppose to reaching out to those teams to do their jobs? I'm so fed up because I see a few managers that I interact with do that and to me that is crossing boundaries and disrespectful to other managers.

At the end of the day those leaders meddling tend to be the ones to get let go from what I have seen in the past.

Unless you are ready to retire or have other financial means, calling BS on a golden ticket. It take an average of two weeks for every year of experience to find a new job. The severance here for most people will be just enough to find another role. If your skills were that valuable you would have found a new higher paying job instead of waiting for a “golden ticket”

I've heard that layoffs may start soon, especially with anyone on bench for more than two weeks. What are people seeing and hearing?

I don’t remember exactly where, but I saw a comment about Citi being a toxic place to work, followed by a request for clarification. I don't recall the OP ever following up, but as a software engineer who’s been at Citi for some time now, I have my own thoughts. Maybe it’s just my specific bubble in CISO, but here’s my take:

1. Non-existent inter-team communication. It’s like a collection of medieval castles: no one talks to anyone on the outside unless you hold a certain title. God forbid you’re a peasant. The Indian hierarchy and culture only aggravate this further; if you want anything done or even answered, you're forced to escalate immediately.

2. Terrible product quality. I honestly don’t understand how people with such abysmal coding, problem-solving, and process-building skills get hired anywhere, let alone at a bank.

3. Leadership with a heavy stench of narcissism. Don’t even get me started on Tim Ryan. He’s single-handedly decided that along with his title, he inherited a flock. Now every Thursday, he delivers a sermon on how to live, think, and behave --- even dictating which tools to use for work he doesn't understand in the slightest. Oh yeah, I sh-t you not, he also travels worldwide to Citi branches with his "Roadshow."

If you’ve been laid off, it’s a blow, but please understand: in the long term, you are better off. It’s a toxic, ugly environment for any software person. Your skills won't just stall there --- they will die. And they'll do so quickly.

LAYOFFS!!!!

Because I don’t think I ever will. But even if I do get the axe I’ve already made hundreds of thousands of dollars working here.

1 supervisor in WNY blue card claims, 1 in b&e and 2 OCs who supportedh Buffalo claims. We were told at 3pm and were blindsided. Not sure if anyone else was let go. They are ruthless

Wells Fargo is struggling after laying off 5,600 workers — and paying millions in severance - Market Realist https://share.google/6Ie7MrFCLAJ55vvL4

Parked at Eagan this morning for the first time and some woman came out blathering "You can't park there!". New employee, what do I know? I laughed at her and went to do the job I was hired for. Went out to my car to go home and there was a typed form letter about not parking in unassigned areas or something to that effect. Tore it up and drove home. Not really bothered by it, but people here are pretty uptight. Oh, well.

Is JR scared of the real questions or does she think we are d-mb enough to put our names down? Skip it and remain anonymous.

Plan is coming down the line. Regardless of contract extension or not. À la ups style

$5000 per year of service to leave the company. No restrictions . 5 years or 50 years. Major downsizing is wanted by the company. No ipp offer. Across the board. They will back fill and train if needed for some job titles.

I just got out of a meeting where my VP made it pretty clear that by end of this year, he wants a 30:70 employee ratio between USA and HIH. There was another thread here talking about this, but seems to have been deleted (I didn't know layoff.com deleted threads).

We are given a timeline now to make this happen and get our ratios aligned to this goal. I wonder how long before our turn to have our job be offshored.

Record high profits
Lousy stip-
Disgruntled employees percentage soaring

Solution???
Offer vwo-
Watch mass exit

What is the over under for how many times IBM goes out of it's way NOT TO HAVE ANY WHITE MALES here in the link below and how many times they OVER USE "DIVERSITY" in this weak attempt to keep the z mainframe from? 7!!! So diversity means anything NOT white and not male over 35? How much more blatantly DEI and WOKE can IBM get recruiting/hiring/promoting based on age, s-x, skim color? Disgusting.

https://community.ibm.com/zsystems/mainframe-skills-council/

Title VII of the Civil Rights Act of 1964 is a federal law prohibiting employment discrimination based on race, color, religion, s-x (including pregnancy, s-xual orientation, and gender identity), and national origin. It applies to employers with 15 or more employees, including state/local governments, unions, and employment agencies.

Is it just me or has anyone else not been asked to provide KO feedback on their managers the last 5+ years?

What is DXC going to do in order to protect its employees from the effects of war and mitigate its impact on us? For now all we got was pushing towards "extra vigilance to protect business" but how about us? Prices will go up, there is stress, and all they can do is trying to force us to some kind of extra care for the business? What the heck?

I heard that layoffs from bench are coming, potentially with as little as 2 weeks bench time. What are others hearing?

I’d like to know the logic upper mgmt and the executive committee has about letting go of good tenured staff for bullsh-t reasons such as wfh status they caused while thinking the company will benefit greatly from staff and mgrs who cant do sh-t and dont know sh-t? The level of stupidity up top is embarrassing. The company has gone down jill drastically since Robin stepped in. No way people outside this company dont know this