#jobsecurity

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Challenger Report: March Job Cuts Rise, AI a Key Factor

U.S. employers announced 60,620 job cuts in March, a 25% increase from February. This figure is still down 78% compared to March last year. Artificial Intelligence (AI) was the leading reason for cuts in March, accounting for 15,341 positions. Technology, Transportation, and Healthcare sectors show the highest year-to-date job reductions. Overall first-quarter cuts are the lowest since 2022. Companies are shifting budgets towards AI investments, impacting traditional roles.

https://www.challengergray.com/blog/challenger-report-march-cuts-rise-25-from-february-ai-leads-reasons/


Tell me again..why are we still here???

Top 3 answers

Not as good of a worker as everyone thinks.

Very lazy and don’t like change in daily routine, but still wanna get paid.

It gets me out of the house, and wife says I need to have a job of sorts.

Anything you pick tells one loads about you and your lifestyle and future intent.


Poundstretcher Seeks Rent Cuts, Avoids Job Losses

UK discount chain Poundstretcher announced a property restructuring plan. The goal is to reduce its cost base and secure its future. The plan involves seeking rent reductions from landlords. Poundstretcher confirmed no store closures or job cuts are planned. The company has faced challenging trading conditions recently.

https://www.retail-insight-network.com/news/poundstretcher-outlines-property-restructure/


Miserable Severance Payoff

"A payment in the amount of four weeks of base salary for your first year of employment plus one week’s salary for each additional year of employment, based on your most recent hire date, up to a combined maximum of 26 weeks of base salary."

I have just under 15 years of service to the company with numerous awards and promotions for good performance. Like many here, I have poured blood sweat and tears into my job going above and beyond for this company.

All those efforts are now in the dustbin and I am being shown the door with just 18 weeks of pay (which will be fully subject to tax).

As an older person with specialist skills, I am not easily going to find another similar role, if at all. The future seems very dark and uncertain and I am fearful


Oracle Cuts 491 Washington State Jobs

Oracle is laying off 491 employees in Washington state. These cuts affect workers in Seattle offices and remote staff. The layoffs take effect on June 1. This reduction is part of broader company job cuts. AI-driven efficiencies and funding new data centers contribute to the decision.

Seattle, Washington

https://www.geekwire.com/2026/oracle-cuts-491-jobs-in-washington-state-as-it-embraces-ai-led-engineering/


Major Financial Companies Reduce NJ Workforce

Several financial firms announced layoffs in New Jersey during March. These cuts total 409 positions across multiple companies. Prudential Financial, Fiserv Solutions, UBS, and JPMorgan Chase were impacted. These layoffs contribute to a broader surge of job cuts nationwide. The state has recorded 4,715 total job cuts in 2026 so far.

New Jersey

https://njbiz.com/major-financial-firms-cut-409-nj-jobs-march-2026/


Pixelberry Studios Reports New Staff Layoffs

Pixelberry Studios reportedly reduced its workforce. This marks the second workforce reduction in two years. Some staff members reported this as their third reduction. Series Entertainment owns the studio. The total number of job losses is unconfirmed.

https://www.pocketgamer.biz/pixelberry-studios-reportedly-lays-off-staff-in-another-round-of-workforce-reductions/


Telstra to axe up to 650 roles in mass redundancy round, some jobs to be outsourced to India

More disgraceful and disgusting behaviour by this company.

https://www.abc.net.au/news/2026-02-11/telstra-axes-600-roles-in-redundancy-round-outsourcing-to-india/106331708

After the telco confirmed 209 jobs would be slashed from its AI joint venture with Accenture, Telstra workers said they had also been notified of more than 400 other potential job losses.

The total scale of the cuts was outlined in an email sent to staff on Tuesday at 4:49pm AEDT, in which CEO Vicki Brady detailed proposed changes to the telco's Telstra Enterprise and Telstra Consumer divisions.


Advice to those remaining

Advice from someone who has been through all of this:

If you haven't seen your peers disappear before you should expect various emotions, but the more important to remember is that your days are also numbered. You might last 12 month, perhaps 12 years, but the day will come and you will go through all of this nonsense (unless you found something better before). Plan accordingly. Denial or kicking the problem down the road does not help you. There is no medal or reward for loyalty or dedication. You are an expendable resource, much like a computer system. While they might like you, you too will be replaced when it makes economic sense to them and their bigger picture. It doesn't need to make sense to you and it can defy your logic. Use your time to improve and enrich yourself, just as the company does for itself. No-one else will do it for you.

Good luck.


Oracle slashes 30,000 jobs with a cold 6 a.m. email

Workers across the U.S., India, and other regions learned their jobs were gone before most people had finished their morning coffee, with no prior warning from HR or their managers.

https://rollingout.com/2026/03/31/oracle-slashes-30000-jobs-with-a-cold-6/


Compass Group Lays Off 262 Michigan Workers

Compass Group USA, Inc. is laying off 262 contracted workers. These employees work at various Beacon Health facilities in Southwest Michigan. The layoffs are effective July 1, 2026. Beacon Health System is bringing nutritional, environmental, and transport services in-house. Beacon will offer employment opportunities to affected TouchPoint employees.

Kalamazoo, Michigan

https://wwmt.com/news/local/beacon-layoffs-compass-group-usa-inc-workers-lose-jobs-262-kalamazoo-allegan-plainwell-dowagiac-health-hospital-wwmt


Daybreak Foods Cuts Over 80 Jobs Due to Avian Flu

Daybreak Foods is laying off over 80 employees. The company will cut 55 jobs in Palmyra and 32 in Whitewater. These layoffs begin on April 1. An avian influenza outbreak caused the facility to depopulate its birds. The company expects these job reductions to last five to seven months.

Lake Mills, Wisconsin

https://www.wkow.com/news/daybreak-foods-announces-layoffs-after-avian-flu-outbreak/article_f41fb793-853c-48a0-9114-7cfbdde17313.html


Oracle - Layoff are Real

I was recalled from vacation last week to notify employees they were being terminated. Then I was personally impacted. These layoffs are real — they accelerate tomorrow (03/31). This playbook is painfully familiar: make a risky bet, prop up the books, shift risk to employees, and then cut the people who built the product. History repeats — Enron, Lehman, FTX, WeWork — different names, same patterns. Sacrifice institutional knowledge and experience for short-term optics and a gamble on leadership’s vision. And too often the cuts disproportionately hit those who are older, outspoken, politically out-of-step, or who challenged the direction.

The result is predictable: silence expertise, reward conformity, and chase mediocrity while pretending it’s decisive leadership. If you care about accountability, transparency, or the future of good work, don’t accept this quietly. Demand clarity on the rationale, fairness in selection criteria, and real support for those pushed out. Lives and livelihoods are on the line — this shouldn’t be swept under the rug.


Labcorp Shuts Ann Arbor Site, Affecting 76 Workers

Labcorp will close its Ann Arbor, Michigan facility. This closure will result in 76 job losses. The company filed a WARN Act notice on January 7. Affected positions include research assistant, scientist, and project manager. The article did not state a reason for the facility's permanent closure.

Ann Arbor, Michigan

https://www.cbsnews.com/detroit/news/labcorp-to-close-an-ann-arbor-facility-lay-off-76-employees/


Yanfeng Shuts Romulus Plant, 192 Jobs Eliminated

Yanfeng is permanently closing its Romulus, Michigan plant. One hundred ninety-two employees will be laid off. The layoffs are expected to occur around January 5, 2026. Work from the Romulus site is moving to other company facilities. The company issued a WARN Act notice for these job reductions.

Romulus, Michigan

https://www.cbsnews.com/detroit/news/yanfeng-auto-supplier-lay-off-192-workers-romulus-plant/


US Jobless Claims Decline Slightly, Remain Elevated

The number of Americans seeking unemployment benefits decreased last week. The total reached 787,000 claims. This indicates a slight easing of job losses. However, job cuts persist at elevated levels. The overall job market still faces significant challenges.

https://www.crainsnewyork.com/economy/jobless-claims-drop-787000-layoffs-remain-high/


Widespread Layoffs Hit US Supply Chain Operations

Nearly 4,000 workers recently lost jobs across U.S. supply chains. These layoffs affected EV battery plants, auto parts factories, and warehouses. SK Battery America cut 958 jobs at its Georgia EV battery plant. First Brands Group eliminated 905 positions across Texas and Tennessee facilities. Other companies like Campbell's, FedEx, and Parsec LLC also announced significant reductions.

https://www.freightwaves.com/news/supply-chain-layoffs-spread-across-warehouses-factories-and-rail-terminals


North Texas Experiences Significant Job Reductions in 2025

More than 10,000 jobs were eliminated in North Texas during 2025. Logistics, retail, and corporate operations experienced significant cuts. Several major companies announced job reductions. Economists, however, describe the DFW economy as robust. Its diverse industries and growth help absorb these job losses.

Dallas, Texas


Novo Nordisk May Cut 5,000 Jobs, Analyst Predicts

An investment analyst forecasts significant layoffs at Novo Nordisk. Up to five thousand staff reductions are predicted within two years. This prediction follows a decline in future earnings expectations. The company needs to address its cost structure. This view comes from an analyst and economist.

https://medwatch.com/News/Pharma___Biotech/article19163186.ece


Takeda Cuts US Jobs to Save Billions

Takeda has begun a workforce reduction in the U.S. This action aims to save over $1.26 billion in annual costs. Approximately 634 roles at its U.S. headquarters are affected. This includes positions in Massachusetts and other states. Employee notifications started in March 2026, with changes effective July 2026.

Cambridge, Massachusetts

https://www.fiercepharma.com/pharma/takeda-begins-us-layoffs-part-massive-13b-restructuring


The joblessness of AI (WSJ)

Sounds familiar. “Everyone I talked to is consumed by AI—either how to use it, how to pretend to use it, how much they hate using it, how it’s going to eliminate their position or their company’s product,” he said. 

https://www.wsj.com/business/how-working-in-america-became-so-joyless-a1976fd2?st=gtZ34P&reflink=article_copyURL_share


If you’re a bottom 25% performer on your team, you’re in trouble

Managers stack rank their teams. There is obviously bias if you have a strong relationship with your direct or skip. But if you have not performed and can’t justify your salary, then you are likely gone. It’s not a charity, and they have to cut jobs somewhere to fund AI. Sales is still bloated at Oracle.

Speaking for sales, if you look at your team and you think there’s a chance you’re bottom 3, you’re likely gone. The March 31st layoffs are no joke. And co primes are in serious trouble.

Not trying to be cynical, just being honest. There are too many people who collect $150-200k year salaries and haven’t sold anything of significance or shown value, and a good relationship with your manager can only buy you so much time.

If folks think otherwise, please let me know. But we are about to see the most significant cuts in Oracle history.

We have co primes who are double paid on deals that they seldom have direct involvement with. Inside sales reps who push paper less effectively than AI could or field sellers. We are still bloated.

They will cut big time and the One Oracle and AI selling models will be figured out come June 1.


Why do we take all the overtime for normal, again?

It's not as if it will ever pay off. The only thing one can hope for is to be worked to the point of exhaustion, ditched and replaced. Working hard once made sense. Putting in some extra effort opened doors and created opportunities. It's pure masochism these days. What is it? Fear, habit, delusions that it might help you keep the job?