#layoffs

Posts mentioning hashtag #layoffs

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MF has literally cheated us of ESPP gains this time

Looks to be a well coordinated strategy to push earnings call to March 31. The drop in share prices is almost 15% now, wiping out any gains on ESPP.

This is as pathetic as it gets, no need to invest in ESPP going forward if this is how cheap this company is going to get to.

MF is literally MF.


Governors and steakholders get better treatment

More for UHC but I wanted to know if anyone else got the ridiculous email about the “ Executive Complaints” email regarding appeals. For those not in the know basically if a Governor, share holder, state person or anyone else in the top 1% have UHC we are to work the case IMMEDIATELY and push it through and prioritize it above all the other cases to have a decision made ( and approved and paid for by UHG) within 24 hours. Must be nice to make more money than more than half the people at the company and demand a strict 24 hour turn around time while the disabled patient who actually needs care gets denied chemo therapy and their hospital stay because the company decided “ it wasn’t necessary”
God I F$)):& hate this company


M6 and 7's Not Impacted. How?

Question for those with visibility into the Oracle layoffs:

Given the scale of the reductions, why does it appear that very few M5s were impacted and almost no M6s or M7s were affected? The distribution across levels seems disproportionate.

Is that perception accurate, and if so, what explains it?


WPE

I know everyone has their own opinions on wfh, hybrid and coffee swipers but this isn’t the post for opinions. A few people I know had been swiping then working from home and the manager was aware. They are now going in for the full 3 days but have not received anything from WPE. Are people only being fired at certain sites? Can anyone confirm this is happening in the GA or FL offices? I heard that one site had a major review and fired employees but is that confirmed?


Layoff running totals based on Slack

Tracking participants count #general Slack channel in Oracle One workspace, as the fastest available proxy indication of ongoing layoffs.

  • mar01-mar31: 12446 layoffs, and 844 additions (based on Slack regular tracking)
  • feb01-feb28: 943 layoffs, and 1143 additions (based on Slack regular tracking)
  • jan01-jan31: 1604 layoffs, and 1834 additions (based on Slack regular tracking)
  • dec01-dec31: 1031 layoffs, and 844 additions (based on Slack regular tracking)
  • nov01-nov30: 1614 layoffs, and 1327 additions (based on Slack regular tracking)
  • oct01-oct31: 2504 layoffs, 1762 additions (based on Slack regular tracking)
  • sep02-sep30: 6275 layoffs, 861 additions (based on Slack regular tracking)
  • aug14-sep01: 733 layoffs (based on Slack very few data points)
  • aug01-aug14: ?2900 layoffs in IDC (based on media reports)

Regions outside IDC and NA usually have a significant delay when laid off people are disconnected from Slack (e.g. 1 month in Pacific regions, perhaps longer in some EU countries), so this is a floor estimate with additions reflected immediately, but reductions lagging behind on average.

What is called "layoff estimates" are partially part of normal attrition, limitations are covered in details in comments.

I will post daily in comments on the count change and running current month total while this post is still on the first page.


Vertex Pharmaceuticals Cuts 125 Rhode Island Jobs

Vertex Pharmaceuticals will cut 125 jobs. These layoffs affect employees across Providence. It will combine its three Rhode Island buildings. The job cuts become effective on August 5. Affected individuals will receive severance and career support.

Providence, Rhode Island

https://www.providencejournal.com/story/business/2025/06/10/vertex-pharmaceuticals-lays-off-125-ri-based-workers-after-failed-diabetes-trial/84133343007/


Starbucks Plans North American Store Closures, Job Cuts

Starbucks announced plans for store closures and layoffs. Approximately 900 non-retail positions will be eliminated. An undetermined number of North American stores will close. The company aims to improve financial performance and customer experience. Affected employees will receive severance and support packages.

https://patch.com/rhode-island/across-ri/starbucks-plans-store-closures-layoffs-what-know-ri


Northeast Transportation Services LLC Shutting Down Operations

Northeast Transportation Services LLC plans to close its Pawtucket facility. This closure will affect 52 employees. The company filed a WARN notice with Rhode Island officials. Operations are scheduled to cease on May 9, 2026. A past labor dispute significantly impacted the company's business.

Pawtucket, Rhode Island

https://whatnow.com/news/trending/rhode-island-based-transportation-firm-closing-52-workers-affected/


Ocean State Media avoids job cuts after federal funding loss

Rhode Island's public media entity will not lay off employees. Enough workers accepted voluntary buyouts to close a budget gap. The organization faced a $1.1 million deficit from eliminated federal funding. This funding loss was part of a federal rescission package. Ocean State Media is the new name for the merged RI PBS and The Public's Radio.

Providence, Rhode Island

https://rhodeislandcurrent.com/2025/09/18/ri-pbs-the-publics-radio-avoid-layoffs-despite-federal-defunding/


Stellantis Belvidere Plant Reopening Delayed to 2028

Stellantis provided updates on the Belvidere Assembly Plant status. The plant's reopening is now scheduled for June 2028. Stellantis approved $10 million for equipment assessments and electrical substations. Approximately 1,450 members remain on layoff status corporate-wide. The Supplemental Unemployment Benefits fund is currently $702.2 million.

Belvidere, Ill.

https://www.mystateline.com/news/local-news/layoffs-delays-and-slow-progress-whats-next-for-belvidere-assembly-workers/


Allied Group LLC Cuts Over 150 Rhode Island Jobs

Allied Group LLC will lay off 154 employees. This was reported to the Rhode Island Department of Labor and Training. The company offers fulfillment services. It supports life science and biotech companies. Employee separations are scheduled to begin on May 25.

Rhode Island

https://turnto10.com/news/local/allied-group-llc-to-layoff-over-150-employees-in-rhode-island


I prefer it this way

Say what you want, but I like that we got a heads-up about these cuts, even if it caused weeks (months) of stress. I got lucky and am still here, but if I had been affected, at least I would’ve been ready. If it had been a sudden announcement, I’m pretty sure that wouldn’t have been the case.


Panera Restructures Operations, 399 Employees Laid Off

Panera Bread is implementing a new transformation strategy called "Panera RISE." This plan involves closing several regional Fresh Dough Facilities. The company is shifting to third-party artisan bakers for dough production. These closures have resulted in 399 employee layoffs across four states. Panera aims to improve profitability and drive sales growth with this restructuring.

https://www.thestreet.com/restaurants/40-year-old-fast-casual-restaurant-chain-panera-bread-lays-off-100s


Novo Nordisk Reduces Bloomington Workforce by 400

Novo Nordisk announced a workforce reduction. Approximately 400 positions will be cut at its Bloomington site. These layoffs are scheduled for early May. The company stated it remains committed to the site. Local officials are working to support affected employees.

Bloomington, Indiana

https://fox59.com/news/indynews/400-jobs-cut-in-bloomington-amongst-novo-nordisk-layoffs/


Cleveland Schools Announce Staff Layoffs Amid Budget Woes

The Cleveland Metropolitan School District is preparing for a year of significant transition. The district faces ongoing budget challenges and rising operating costs. These financial difficulties will result in layoffs for some district staff. Central office, teaching, and other school-based employees are expected to be impacted. CMSD projects a nearly $50 million deficit by 2029.

Cleveland, Ohio

https://signalcleveland.org/cmsd-leaders-offer-updates-on-the-plans-for-school-mergers/


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/


Meta Cuts 168 Washington State Employees

Meta announced layoffs impacting 168 employees in Washington state. These reductions are part of a broader workforce cut across the U.S. The affected roles include engineering, product management, and recruiting positions. Many impacted jobs were within the Reality Labs division. The layoffs are scheduled to commence on May 8.

Seattle, Washington

https://www.geekwire.com/2026/latest-meta-layoffs-target-168-employees-in-washington-state/


Astemo Americas Closes Plant, 60 Jobs Cut

Astemo Americas is closing its Tallapoosa plant. This action will result in 60 layoffs. These job cuts are scheduled for April. A principal customer terminated its contract. The contract involved four vehicle model parts.

Tallapoosa, Georgia

https://www.bizjournals.com/atlanta/news/2026/03/30/astemo-americas-inc-closes-layoffs.html


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.


Financial Pressure for layoffs

SAP is under a lot of financial pressure and the only way to fix this is by mass layoffs. Basically, we are investing too much in stock buybacks, AI (data centers and development) and bonuses. The executive board wants to axe the last one and increased the first two. So the only solution is layoffs. Oracle fired 20000 people yesterday and SAP is supposed to follow suit to "remain at a competitive advantage". The new works council is already in negotiations regarding this. SAP wants 12000 layoffs worldwide of which 5000 will be in European hubs. But this is kept hush hush. I feel like speaking out because I am tired of these bull$hit games. The biggest problem here is middle management and executives who want more bonuses for themselves and want to use third party contractors instead of full-time employees. They are the ones pushing for the layoffs. So don't listen to your area executives when they say that times are rough. If SAP didn't insist on share buybacks or invest too much in AI that is not producing any results for customers, we would not have such a deficit. This narrative needs to be fixed. I am tired of our CEO, CFO, executives and middle management saying that employee salaries and bonuses are the third highest expense for SAP. That is a good thing and not a bad thing. Employees create and sell good software not AI. Some of the managers pushing for this already have salaries of more than €200000 per year and still want more. Say no to layoffs. Talk back to your manager if they want to give you a bad rating. If you have done the work, you should get good performance ratings. They want to use bad performance ratings to fire employees or pay them less.


Slack glitches the day before Layoff

I noticed my slack errored out 2 or 3 times and gave a glitchy alphanumeric coded white screen the day before the axe came down. I wondered if the system was doing a dry run and if anyone else noticed the same thing? First time it ever did that and today it wouldn't open at all.