#layoffs

Newly appointed Dan has a meeting in November in which he said “AI, AI, AI , coffee” and said he’d be announcing his plan in a future meeting. Other than AI and 15,000 layoffs, what is his plan? Can anyone articulate it? Not being facetious, would really like to know.

Just more buzz talk or yet more redundancies to come?

Who else was “saved” but is updating their resume and looking. This place is a joke. How soon until the next round of layoffs?

RV has brought us to the flourishing Netherworld.

Everything in our business has withered and died.

Just rest and vest

Once this was a company employees would be proud of working for but now it’s just a shadow of its former self.
We career from one RIF to the next whilst being told by disingenuous leaders that AI will take care of everything.
Work from the office, no work from home as you won’t have an office. Use google, no Microsoft…no Google etc etc.
There is a total lack of honesty or transparency from leaders. They are all running scared and frantically trying to get on the “relevance” lifeboat. Forget “women and children first”…these guys are cowards only interested in covering their own backs and surviving.
No strategy, no communication, just chaos.

How long until ADM is sold off? Is there a definite buyer? Will the potential sale include employees or are they likely to get laid off before the sale?

In the last few months, there's been a mass exodus in HI, and sales. Just in the last two weeks HI lost two tenured directors (leaving on their own). Either something is on the horizon I'm not privy to, or people are just tired of the layoffs, poor salary increases, decreased bonus plans, constant re-orgs and enough is enough. It seems there's plenty of other options out in the market right now for people in the same space.

Citi is quietly doing layoffs without much noise like Amazon or Microsoft. They are not in news much.

The government must look into the fake internal job postings, promotions for favorite candidates, and immigration visa abuse. Citi is notorious for replacing American workers with H1B, L1 TN, OPT, H4 EAD candidates.

They hire in India, Ireland, Poland, Costa Rica Singapore, and their last option is hiring in the USA.

Most of the Indian managers are racists and they discriminate other south asians based on caste and culture. It's a absolute disgrace to the America.
Citi HR and Ethics teams are a joke!

They will hire overseas and make them rich and show layoffs in the USA to bump up the stock!

The only strategy is lay off people and get more bonuses! This cannot survive for long. It's a shame that the assets of the big four banks in the USA are not even comparable to some average banks in China.

Not sure if this is just coincidence or something more, but I’ve noticed a few signals this week that feel familiar. Saw several people quietly updating their status and mentioning they’re exploring new opportunities, and there have also been some internal org changes recently.

Could be nothing, but we all know something's cooking?

Hey everyone,
Given the recent situation, I was curious (only if you’re comfortable sharing) — how much RSU value did you end up losing due to the layoffs or unvested grants?

Does anybody know when insurance for laid off employees ends?

Oracle said 4/10
UHC said 12/31/26 up until two days ago
UHC now says 4/30/26

Is that one AVP on team no one ever heard of shady? Did the mid-level VP’s get laid off? Does IT su-k (yes)? The sky isn’t always blue? Can someone help me fill out a JAR for this crazy very private issue that a JAR will 100% not cover? What’s PTO?

How does a company justify not paying severnace even though they are making headlines for record profits? Do you think the 5 digi severnace they give is that hard?

I got laid off January and still waiting on severnace

Amazon: 16,000
UPS: Up to 30,000
CIti: 20,000
Oracle: 30,000
And now SNAP: 1,000

All aboard the layoff train with an 'investing in AI' lie. Instant stock boost with no real product or service delivery while the exec team lines their pockets while failing to perform.

Is this capitalism?

A few C14s in my team were RIFed as well as a C15. We were under Ross Callan. Offices impacted were Delaware, NY, Texas, and Florida.

Day after the earnings call. Classic.

Fact's -

The Fed under Chairman Jerome Powell since January 2026 has printed an additional $125.0 Billion in currency to prop-up the U.S. economic-financial system.

Fed money printing over time since 2009 does add to the (current) U.S. National debt of $39.1 Trillion (and rising) with a (current) debt-to-GDP ratio of 124.87% (and rising).

Note - The U.S. taxpayer pays the Interest on the U.S. National debt (each year) to other Investors that finance it (U.S. based, Japan; China; etc.).

Interest paid on the U.S. National debt (just surpassed $1.02 Trillion a year per usdebtclock).

To think that the Unemployment rate approaching 15.0% through AI workforce disruption through 2027 (at least) wouldn't cause (Very significant) damage to the U.S. economy is ludicrous.

It (actually) easily could.

These are the facts.

Yes, even with this economy and the dismal job market. That's how unbearable this place has become for me.

Don't ever forget it. You're more likely to get laid off if you're skilled, experienced, and outperform than if you're an average slacker who's just good at office politics. The better you are, the higher the chance you're deemed too expensive for a company that cares neither about the quality of its people nor the quality of what it delivers.

Laying of 10% of the workforce will boost the company stock. Ford has too much waste in their workforce.

The modern Ford Motor Co. has emerged, CEO Jim Farley said Wednesday as the company detailed some restructuring and said it will refresh 80% of its North American vehicle volume by 2029 as a part of its efforts to compete against new competitors like Chinese brands.

Former Apple Inc. executive Doug Field, Ford's chief EV, digital and design officer, will depart over the next month as Ford prepares to launch next year its new Universal Electric Vehicle platform.

I saw someone mention Risk might be affected as well, but I haven't heard any updates.

A few people from India product, US sales, rich media and US cx were let go today. Amidst what they call content transformation automation restructuring

It boggles the mind, no matter how you look at it. Sorry to everyone affected. I have to believe there are companies out there that actually value what you bring.

I heard about on-going layoffs in D&AI. I know someone who got laid off.

Is this one off usecase or more is yet to come?

I have heard there will be 1% layoffs with most groups exempt

Anyone hear anything different ?

I heard it's starting on the 28th of April and that M4s have a list since the beginning of April.

Is it true?

Over 25 years with this company, and got my layoff in an email.............how great is that? Great place to work.....NOT..................we are all a number now..........remember this........profits over people............the private equity firm su-ks........

I have heard of a couple people who were impacted by this and told yesterday. Anyone else hearing this?

We had some bs under Charlie but never have i ever experienced anything like this now under Robin. It has become so toxic and everyday could be your last with what they have been doing to employees. And yet he goes on the news or does his little interviews and has everyone thinking hes amazing and doing great things

Our small group was told April 23 is the date

I FINALY RELEASED WHAT THE MOTO MEANS.

I heard this moto many times in All hands meetings, they essentially say "Do More with less" in the context of AI, to encourage you to feed your work details to AI so they can train capable models to replace you eventually.

BUT from talking to many engineers in EMEA, which haven't seen a promotion in years now despite having good reviews.

Executive compensation keeps increasing while workers keep getting laid off. Proposal 3 - vote against. Proposal 4 - vote against. Make your voice heard if you own stock in Citi through the 401k plan. Proxy statements and ballots were rec’d in mail yesterday. Check box to keep vote confidential.

I know someone who lost their job in P.A. today who said a dozen of their colleagues did too, including U.S. based managers.

Head of mobile business reassigned?

Yes entire team. We all got invited to a single business update meeting and then the director told us, this team is redundant.

Assuming more layoffs tomorrow.

When will this woman suffer the consequences of her actions?

Stock is tanking today. Normally, after a big RIF, the stock market reacts favorably.

She is TOXIC.

Gail or any of her flying monkeys that read this - STOP, just stop your greed and corruption is beyond even the great COVID scam.

SAP has been keeping a close eye on how Joule and AI agents are being used within the company. They also track the time employees spend and the links they click on SAP product pages. Layoffs are on the horizon, and they’ll be viewed positively if they demonstrate AI efficiency. It’s easier for the executive board and HR to justify cutting 10% of the workforce by claiming that Joule has made us more efficient. This narrative is the best SAP can present at Sapphire. To enhance this story, Sapphire's theme revolves around two main points. First, we have a wealth of data on employee performance, which is stored in a global repository for decision-making. Performance Management majes it easier of course. Second, AI can analyze raw data to generate insights and recommendations that boost operational efficiency. Although these algorithms are complex, AI agents simplify resource management for 'managers' because of their conversational skills. Now, here’s the kicker: SAP has improved efficiency by reducing its workforce by 10%. That’s a significant win for the Sapphire narrative. In fact, over the past few months, SAP has been promoting SuccessFactors AI and HR-related application AI, with management constantly focusing on operational efficiency.

So why is there skepticism about layoffs? Our executive board has openly stated their desire for layoffs and aims to make the transition tough for employees. The funds for executive bonuses and share buybacks aren’t coming from customers, so they have to come from the workforce. Since customers aren’t buying into the narrative, SAP needs to provide the proof using substantial layoffs. That is the only way the share price will go up and some gullible customers will help improve SAP's cloud backlog.

Overall, not a bad quarter at all! So it was definitely justified that you got a raise that didn’t even keep pace with inflation and the execs got like 15-20% extra. Keep working hard digging your own grave folks. That’s the only way this works.