#layoffs

I'm hoping somebody knows more about it. Hopefully, it's not true, but I've herd it from several different sources and some are not the usual gossips, so I'm starting to worry.

Mark my words.

Whenever there are talks about cuts, it's always the exceptional performer, the ones who delivered at critical times are on the chopping block instead of the ones coasting breezily.

The reason???
Majority of slackers (you know who you are) won't be affected by the change, but there could be a few who will think this as a wake up call and step up.

And being a top performer, the corporate would think you'll land on your feet somewhere else even after being cut off.

That's a classic tale tell strategy, after 16 years at fidelity and close to retiring, that's one hard but honest truth

Are we out of the woods for now?

We spend decades learning how to do this work. Layoffs can erase all of that in a day. That's going to hurt us eventually.

I've figured out the game here. Most managers won't fire you for saying no because that requires confrontation and documentation. They're cowards who depend on you doing the work they can't do. So they just let it slide. Meanwhile they're building a list of people to sacrifice in the next layoff. You want on that list? Say no more often. Protect your energy and watch yourself move up the rankings. When the cuts come, you'll have a lighter workload and a severance package. It's a win.

Considering the job market and the overall state of the world and the economy? How lucky are we, right?

Has anybody else heard about potential layoffs in April? What are the chances it's really going to happen?

We had a group of people who relocated last year. Picked up their families, bought houses, got settled. Then most of them were gone within six months during the last major purge. Intel didn't care. A relocation isn't protection. It's just another cost on their spreadsheet. If they need to cut, they'll cut. Your moving expenses don't factor in.

I heard 1/3 of DMS is being moved to IFG, 1/3 to member services and 1/3 are being cut. Is that true? Does that make sense? Why would they do that?

I swear I am. I cannot take this psychological torture anymore. People are not built to carry this much stress day after day. At this point, I would almost rather be laid off. I know jobs are scarce, but I would rather stay sane and search for something else for a while than slowly lose my mind here.

Oxy cuts when oil prices are down, when they are up, when results are bad, and even when they are good. Basically, it can happen at any time. It is best to always expect layoffs here.

I've lost count, but the last time I checked I was above 300 applications, which still feels surreal to say out loud. I’m applying to roles I’m genuinely qualified for, the kind where my background, skills, and experience should line up, yet the response has mostly been silence. To say this makes potential layoffs scarier would be an understatement.

We have so many useless managers, and levels of managers at that. Let's clean that up and see what happens.

We know we're being replaced by actual people. As if it matters who or what takes my job. The outcome is the same - I'll be unemployed.

Year on Year Record Corporate Profits no longer translates to job creation but rather job elimination.

If results are good, they will layoff after a week so more stock price will up. If results bad they can fire on Monday. But oim request revocation far fetched

People are talking about layoffs, some seem to be convinced something is coming. Does anybody here know anything?

You love to see it.

https://nypost.com/2026/03/07/business/wall-street-executives-say-morgan-stanleys-latest-layoffs-caused-by-ai-sources/

This is the weirdest spot to be in. I actually enjoy what I do and the people I do it with. But the layoffs keep coming and they keep taking the best people. Every quarter I do the math. Who's left? Who went? Will it be me next time? I know the market is brutal out there so I'm trying to line something up. I'd rather leave on my own than wait for the tap on the shoulder.

Keep cutting staff, squeeze the remaining people harder, and use fear to keep everyone in line. That's the strategy here. They're not even attempting to hide it anymore. Deadlines are tighter and tighter, expectations are higher, and there's always the unspoken warning about what happens if you push back. This is just how Wells Fargo operates these days.

There've been some rumors, but I'm hoping it's just talk.

Anything major expected next week? Any leftovers they haven't dealt with yet?

A post was made of: “Using the same tools.. a dev shouldn’t be building a system using xyz tools and another dev building with abc tools. Reduce the amount of redundant tools”

The problem is that someone up top needs to show growth and innovation, a year end bullet point is needed. Some vendor takes them to lunch and shows them a pamphlet of their product. The next thing you know a “high valued important product has been purchased for the company to do ”, but wait it gets better.

They then goal, or force, MD’s an their reports to use new and improved said tool. After a few months of this enforcement, it’s hailed as a gleaming success. It doesn’t matter if there’s other tools being used already that does the same thing…this is new, but wait it gets better.

Often times, its realized that either:
a.) the new tool does not scale up
b.) the new tool is too expensive on the licensing renewals.
c.) the new tool does exactly what the read pamphlet says, to a point. Yes, it inventories all your servers……but not vm’s for example, you shoulda read the fine print. Remember that old chestnut.

Over time the newly purchased tool is either partially used and\or is forgotten about.
Lesson learned? NOPE! Rinse, repeat. So long as these up top decision makers, these stellar shot callers keep thinking like this and fall for the over the top sales pitch, it’ll never change. All that you need to do is take Bob out to lunch at a fancy restaurant, tell him he’s awesome to boost his ego and the sale of the new tool to Citi is as good as done.

It’s all ok though, we can just lay more people off to pay for it, right?

Nothing coming Monday, you are welcome. Go back to bed.

This company lays off folks all the time. No reason other than the company isn't meeting their targets. Management team has no loyalty at all to long time, good employees. Even half the HR team including the CPO was canned recently.

And don't get me started. There are no merit increases. And they give you a 401k match but it's funded only once a year. In September 2025 you get your 2024 match. Cool, huh?

The best leaders of the last 10 years have been laid off.

All these latest posts and comments about layoffs this Monday, which divisions or regions are being affected?

What happened? Only commenting in this forum since I keep hearing about layoffs...unfortunate.

Verizon layoffs to hit 15,000 roles in 2026 as automation takes over https://share.google/AJuhG51e9EFToXk0E

I can't keep myself occupied enough with anything to ease the anxiety I feel. A completely sh---y weekend. I hope beyond hope to get to keep the job, because everything is as it is at the moment.

It's okay to be wrecked by a layoff. When I got cut from my previous company, people told me to just move on. Sc--w that. It hurts. That job was my routine, my purpose. You're allowed to be upset. Anyone who says otherwise hasn't been through it.

SK On laid off nearly 1,000 workers. The layoffs occurred at its Georgia battery plant. The decision stems from slowing electric vehicle demand. This reduction affects about 37 percent of the plant's workforce. The company cited restructuring efforts and market conditions.

https://hr.economictimes.indiatimes.com/news/workplace-4-0/talent-management/sk-on-lays-off-nearly-1000-workers-at-us-battery-plant-amid-ev-slowdown/129202614

chat are we cooked??

Chicago, Las Vegas, Honolulu, Tysons Corner, and South Coast Plaza are all top tier locations with lots of foot traffic in the mall and surrounding areas, if these locations are closing, I eventually see all locations going under. Please, if you count on Saks or Neiman's as your main source of income, start looking for a new job, I'm so sad for all the wonderful people I worked in the 24 years I was at Neiman's. Times are changing and not for the better. God bless everyone at Saks and Neiman's stores.