#layoffs

Centralized all sorts of operations and more layoffs across Interior Division

https://unitewithpriti.co.uk/news/what-the-standard-chartered-layoffs-2026-tell-us-about-where-banking-is-actually-heading/

Intuit announced significant layoffs affecting 3,000 employees. This represents 17% of the company's global workforce. The company attributes these cuts to an AI pivot and restructuring efforts. Offices in Reno, Nevada, and Woodland Hills, California, will close. Intuit also signed multi-year AI agreements with Anthropic and OpenAI.

Mountain View, California

https://unitewithpriti.co.uk/news/intuit-layoffs-2026-why-3000-employees-are-paying-the-price-for-an-ai-pivot/

A coach sued Oakland City University in federal court. She claims the university failed to pay employees since April. The lawsuit aims for class action status for over 100 workers. Another employee also filed a separate state lawsuit. The university announced layoffs and suspended undergraduate programs.

Oakland City, Indiana

https://www.theindianalawyer.com/articles/oakland-city-university-employees-sue-university-for-unpaid-wages

Ideal US Talent Systems Worker OpCo LLC is laying off 1,395 Illinois workers. The Minnesota-based company operates a gig worker platform. Layoffs are permanent and began on May 4, continuing through July 2. This action is due to a business restructuring of its temporary worker operations. Ideal is transitioning customer contracts to a third-party partner.

https://www.shawlocal.com/news/2026/06/10/minnesota-based-gig-worker-platform-laying-off-nearly-1400-illinois-workers/

Dana Incorporated will begin layoffs this month. The auto parts manufacturer plans to close its Robinson, Illinois plant. Layoffs are scheduled to start on June 15. More than 80 employees are expected to be affected. The plant closure is a significant loss for the city.

Robinson, Illinois

https://www.pjstar.com/story/news/state/2026/06/07/illinois-business-to-close-plant-and-lay-off-scores-of-employees/90445762007/

Anyone else spending most of their time training their new useless leader on what tech is, what their new area does, and wondering the value of the useless leaders salary while waiting to understand direction and deliverables.
Still tons of dead weight just collecting money with no value add work to be had.

Layoffs don't fix companies or stock prices.

Nike. What a sad mess.

First Student Inc. is laying off 170 employees in Fresno County. This follows the end of its transportation contract with Fresno Unified School District. Zūm Services Inc. will now provide special education transportation for the district. Current First Student drivers in good standing are guaranteed positions with Zūm. The permanent layoffs are effective July 1, though First Student retains other local contracts.

Fresno, California

https://amp.fresnobee.com/news/local/article315969574.html

An arbitrator ruled against Western Illinois University administration. The university violated a collective bargaining agreement by laying off eleven professionals. Nine faculty librarians and two other bargaining unit members were affected. The ruling orders the university to rescind these layoffs and provide back pay. These layoffs were part of efforts to address a $20 million budget deficit.

Macomb, Illinois

https://www.wgem.com/2026/06/11/arbitrator-rules-favor-laid-off-wiu-faculty-librarians/

I’m just reflecting on UKG post July 2024 RIF and the downward spiral that I’ve watched this once unicorn company go through.

• March 2020, Ultimate Software and Kronos merger.
• June 2022, CEO Aron Ain steps down. Enter Chris Todd.
• Fall 2022, Global Delivery introduced.
• July 2024 RIF, over 2,000 employees. Chris Todd removed as CEO. Enter Jennifer Morgan.
• Following July 2024 RIF, major company re-org.
• Global Delivery grows, while positions in the US are quietly being eliminated. Also, when US employees leave, their roles are not backfilled (I had several teammates leave, but not a single role was filled).
• February 2026, RIF.
• April 2026, RIF.
• Current: Bulk hiring for Solutions Consultants in NOIDA / India as “transitioners” (delayed lay off employees) help to train them on their jobs, so they can take over come August 2026.

What did I miss?

What is happening to this once unicorn company?

UKG is in shambles.

EPISD began its planned staff reductions. Sixty-three employees were notified of job cuts on June 11. The cuts address a $52.8 million budget gap. An additional $42 million deficit looms for the district. Employees were advised against signing voluntary resignation forms.

El Paso, Texas

https://www.elpasotimes.com/story/news/education/2026/06/11/episd-layoffs-start-as-63-employees-notified/90506855007/

UVM Health recently eliminated 142 positions. This action is part of an ongoing restructuring effort. The network aims to close a $300 million financial gap. It is currently losing approximately $460,000 daily. Most job reductions are in non-patient care areas.

Burlington, Vermont

https://www.burlingtonfreepress.com/story/news/local/vermont/2026/06/11/uvm-health-layoffs-healthcare-quality-nurses-unions-vt/90498664007/

Verizon Business Group is riding its managers until their legs fall off. They’ve turned this department into the USSR. Every call is monitored down to the second, including time between calls.

At this point, Verizon Business should be viewed as a stepping stone to your next career move. Since taking the B2B SAM title, my LinkedIn inbox has gotten a lot more attention. Even R2B titles are being converted to B2B.

Get the experience, build the resume, sharpen your skills, and leverage it into your next opportunity outside of Verizon. Corporate America will use you if you let it. Make sure you’re getting something out of it too.

Genentech has reportedly eliminated its infectious disease and physiological chemistry units, losing key executives including Vishva Dixit and Man-Wah Tan.

https://www.bizjournals.com/sanfrancisco/news/2026/06/11/genentech-layoffs-infectious-disease-job-cuts.html

Well, AS certainly has the language down already, how to make layoffs sound necessary even if there have to be other ways to cut costs. Well, it was to be expected, I guess. I just wonder how do you bring back a dying console by cutting and not actually trying to improve things.

T-Mobile US (TMUS) has seen significant insider selling activity in 2025 and 2026, involving multiple executives and major shareholders, though some trades were pre-arranged or tax-related.
Jon Freier (COO): Sold 4,799 shares at $190.00 per share in May 2026 under a Rule 10b5-1 plan, retaining 217,167.63 shares.
Callie R. Field (President): Sold 12,300 shares for $2.96 million in July 2025, part of a trend of insider selling despite strong financial performance.
Raul Marcelo Claure (Director): Sold 550,000 shares for approximately $119.7 million in February 2026, reducing his stake by roughly 38%.
Telekom AG Deutsche: Sold 209,520 shares in July 2025 and has sold over 3.26 million shares total in the past six months, reflecting a larger trend of divestment by the major shareholder.
Thomas Dannenfeldt: Withheld 311.4 shares in June 2026 for tax obligations upon vesting, which is a non-market transaction.

Mike Katz (President of Marketing, Strategy & Products)

Current Holdings: 181,930 shares (directly owned).
Recent Activity: Katz sold 5,000 shares on May 1, 2026, at a weighted average price of $195.81 per share.
Transaction Value: The sale totaled approximately $979,050.
Status: Despite the sale, Katz retains a significant stake valued at over $35 million, reflecting his long-term tenure and executive position. He had previously sold 2,500 shares in November 2025

Mike Sievert (Director)

Current Holdings: 125,696 shares (directly owned).
Recent Activity: Sievert sold 15,000 shares in late February 2026 (Feb 23–24) at weighted average prices between $220.07 and $221.85.
Transaction Value: The sale generated approximately $3.3 million.
Status: Despite the sale, he remains a significant individual shareholder with a stake valued at over $27 million based on current prices.
Mike

This year so far was really hard. The workload, the uncertainty, the layoffs, and all the other changes made sure of that. I keep wondering if the second half of the year could actually be worse. Is that possible? Or have we hit the bottom and things will get better? I truly don't know.

IT leadership stated in meetings it has goals to cut IT staff by roughly 50% and reduce processors by about 75% by year-end.

Hearing too many flash calls buzzing since this morning across multiple wealth, PI and brokerage teams.

One team confirmed next round of cuts to apply immediately starting next quarter.

Can anyone else confirm?

Assets sold to https://www.blondertongue.com/about-us/

I left eight months ago. The top brass don't know what they're doing. If you're not near retirement, staying at T doesn't make any sense.

Any chance I may get surplused? I am Engineering Assistant in Southeast.

Hi - I was laid off in a previous round of cuts and landed another job after 6-8 months during which I took some time to sit, process, and be present with my family. I'm willing to connect with anyone affected in this latest round to see if I can help in any way. Please post here, and, if there's sufficient interest, I will work to find a way to get in touch.

Why do I still work here?

Probable answers include, but not limited to:

“I’m close to retirement” (acceptable)
“The job market stinks” (bad answer; it hasn’t always stunk; you had plenty of time to leave when it was booming)
“Would have to accept lower pay” (possibly but su-k it up)

They will continue to do rolling layoffs in cat finance through 2027. This is currently not AI layoffs but jobs to overseas. Personally witness interviews for people in india on jobs that's traditionally did not exist in that region

Layoffs that were expected in June now appear to be slipping into July. My guess is the company is adding more people to the RIF list, which is not exactly surprising given Global Payments track record of recurring workforce reductions and the pressure to deliver the $600 million synergy target tied to the Worldpay deal.

Meanwhile, GPN stock is trading at its lowest level since the TSYS acquisition in 2019 and is down roughly 30% since Cameron Bready became CEO in 2023. Oh and the guy that Cameron put in charge to run the SMB business ($6 BILLION!) who has never run a business in his career? Yes, layoffs are definitely coming.

Remember when Cameron got on stage when he became CEO three years ago and told everyone his goal was to build a "best-in-class" culture? Three years later, many teams are doing the work of two and three people, while bracing for yet another round of cuts and the lack of leadership at the C-suite level is truly shocking.

When is the board going to realize that Cameron isn't fit to run the company? Until then, employees should expect even more uncertainty, more restructuring, and more layoffs. So GPN employees listen up, things are only going to get worse so if you get offered a package next month, be grateful, and RUN as fast as you can.

In the meantime, #BringSloanBack!

Good bye! technical roles, all Sales needs is CircuIT to review the designs! No more pesky conversations with that architect. It's not like the solution needs to work anyway, that's the customers problem after purchase.

not even subtle anymore just straight up cutting staff to post lower paying jobs (lvn vs rn), using vendors to take risk loss, cutting anything social work and replacing with an AI resource handout and most gross of all: eyes only on patients just out of the hospital. More to upcode, test, bill. Poor elderly...easy target. But lets have another townhall and discuss values. karma will eventually follow these strategy team vultures.

Dell's recent SEC filing indicates potential future workforce reductions. The company reported $227 million in severance expenses over 13 weeks. This amount marks a 75% increase from the prior year. Dell also reserved an additional $242 million for future severance payments. Earlier this fiscal year, Dell eliminated approximately 11,000 positions.

https://americanbazaaronline.com/2026/06/10/dell-sec-filing-signals-more-workforce-cuts-as-severance-costs-climb-482584/

FanDuel implemented organizational changes, resulting in staff layoffs across various departments. The exact number of affected employees is unconfirmed but could be in the hundreds. Roles cut include middle-management positions within both sportsbook and casino operations. Flutter Entertainment's share price surged significantly after the layoff announcement. This action follows similar workforce reductions by other gaming companies that also saw stock bumps.

https://next.io/news/investment/flutter-share-price-surges-fanduel-layoffs/

The Hilton Houston NASA Clear Lake hotel plans employee layoffs. Remington Lodging and Hospitality LLC manages this hotel. All 65 employees will be dismissed on July 31. The hotel will temporarily close for renovations. It will reopen as a Margaritaville-branded lodge.

Nassau Bay, Texas

https://www.houstonchronicle.com/news/houston-texas/article/hilton-nasa-margaritaville-layoffs-22300194.php

Dozens of service workers at the Graduate Hotel in Palo Alto were suddenly laid off in April. Employees were initially informed that the hotel's ground-floor restaurant would be closing. However, the restaurant soon reopened, staffed by temporary contract workers. Former employees, including kitchen staff, housekeepers, and servers, expressed confusion and anger over their terminations. Workers are now escalating their concerns to the City Council, seeking intervention.

Palo Alto, California

https://www.paloaltoonline.com/business/2026/06/10/dozens-of-graduate-hotel-workers-devastated-by-sudden-layoffs/

Stillwater Mine has hired 150 workers over the past year. This follows significant layoffs of 640 employees in late 2024. The layoffs occurred after palladium prices sharply declined. Palladium values have since recovered, aiding the rehiring efforts. However, the mine's full recovery remains slow, with some sections still inactive.

Columbus, Montana

https://www.ktvq.com/news/local-news/stillwater-mine-hires-150-workers-after-2024-layoffs-but-recovery-remains-slow

BSA Health System and Bell Helicopter confirmed recent layoffs. Approximately 29 BSA staff members were affected in Amarillo. Bell Helicopter laid off about 30 employees in Amarillo. Rising costs and market realities were cited as reasons. Some Bell employees also face three-week furloughs.

Amarillo, Texas

https://amarillotribune.org/2026/06/10/approximately-60-affected-by-layoffs-at-top-amarillo-employers/

DHL Supply Chain is closing a warehouse facility in Rural Hall, North Carolina. The company plans to shut down the site by December 31. This closure will result in 81 layoffs for employees. Layoffs are scheduled to begin on August 5 and continue through the end of the year. The reason for the facility's closure was not provided in the WARN report.

Rural Hall, North Carolina

https://www.charlotteobserver.com/news/business/article316079334.html

Genentech underwent another round of layoffs this week. These cuts affected its early research and development group. The company closed its infectious disease research unit. Another research unit was also shuttered during this restructuring. Top scientist Vishva Dixit was among the employees laid off.

https://endpoints.news/exclusive-genentech-closes-infectious-disease-unit-in-wave-of-research-layoffs/

Well we can hate Dan but one thing he did good is to get rid of the Mafia like Russo, Cox and VPs under them. It needs to be cleaned up and ofcourse Sampath who literally destroyed VZ causing all the churn. I hope now he get rid of useless GN&T VPs and AVPs that keep posting on linked that are all lies.
Dan may not be the greatest guy but him breaking the mafia culture is something we all should appreciate!!! Hans failed at that