#layoffs

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Goodbye growth

I can confirm random dismissals without consideration of overall performance or necessity for the company. More than 100 employees are on the final list across all departments.

Goodbye growth! I think that, regardless of the consequences, the wrong horse is being backed here and core competencies are being neglected in the long term.


First Brands Group Closing

First Brands Group is closing its distribution facility in Patterson, California, resulting in 98 layoffs, with the majority occurring on April 4, 2026, and the remainder on April 30, 2026. This closure follows the company's September 2025 Chapter 11 bankruptcy filing and federal fraud indictments against executives, contributing to over 2,500 nationwide layoffs. Read the full story at KCRA: https://www.kcra.com/article/stanislaus-county-layoff-first-brands-group-closes-facility-patterson/70563533


Why not offer VSP company-wide?

I saw here that union folks might get the option. If Verizon's planning another big round of cuts, even if mostly retail, wouldn't it make sense to start with VSP and then reassess? That way, people who really need to stay have a better shot, while plenty of people I know would jump at a voluntary package. I know I would.


stock price great, but what about smci

interested to see reactions from some of these points, Dell is doing great these last few days in terms of stock, but is it short lived? I keep thinking about SMCi and they just seem to have the right blueprint.

consider my thought process:

​SMCI is strategically absorbing short-term gross margin compression (6.4%) to aggressively secure physical data center footprints. Once the bare-metal hardware is deployed, this establishes a captive base to upsell high-margin, proprietary Data Center Building Block Solutions and cooling maintenance. SMCi is leading Dell in this technology.

​AI-Driven Service Transformation: The traditional, human-intensive IT service model is being commoditized. AI automation is reducing the need for massive, global break-fix support teams, neutralizing the historical scale advantage of legacy hardware providers. Dell has not shown an interest to unleash their sw devs with Ai. they buy vs invent, well, overnight the world can invent more quickly and Dell isn't investing right

​Expansion into AI-RAN and Edge Telecom: By writing lean, specialized software stacks for distributed environments, SMCI is capturing the emerging Artificial Intelligence Radio Access Network, and Sovereign AI edge markets before slower legacy systems like Dell can adapt. this is far bigger than most know.

​Zero-Touch, Self-Healing Infrastructure: Integrating agentic AI into Baseboard Management Controllers and orchestration software enables autonomous power routing, predictive failure analysis, and real-time cooling adjustments, drastically cutting the operational overhead of rack maintenance. think, more self healing, less armies of physical technical support staff needed

​Direct Liquid Cooling & Next-Gen Silicon: The thermal physics of upcoming architectures—specifically the NVIDIA Vera Rubin NVL72 and HGX Rubin NVL8—mandate advanced liquid cooling. SMCI's in-house DLC engineering and rapid time-to-market provide a structural lead in deploying these dense, 100kW+ AI racks.

​Financial Disconnect & Valuation Asymmetry: Despite exceptional top-line revenue growth (recent quarters posting >120% YoY growth to over $12.6B), SMCI trades at highly compressed multiples (trailing P/E ~24x, P/S ~0.4x). The stock is structurally mispriced relative to its market share expansion in AI hardware volume. dell is now in hold territory, smci might be a huge opportunity.

​Legacy Over-Reliance on Bloated Ecosystems: Incumbent behemoths are institutionally bound to massive enterprise sales forces and heavy management software suites. These legacy structures create internal friction and require high-margin subsidization, making them vulnerable to agile, pure-play engineering firms. Dell is competing against the true lean mavericks (see what I did there). many sales folks on this, you're the champions keeping Dell going, kudos, but... change happens

​Rapid Obsolescence of Traditional Software: The democratization of code via AI is collapsing the moat of legacy IT management software, this is the real place Dell is able to macgyver the numbers. Historically a competitive advantage for Dell, but now Leaner competitors utilizing AI-assisted development can now quickly replicate and streamline orchestration layers, bypassing the traditional software lock-in of these legacy giants.

interesting time to watch... I'm long on both, but I feel smci is better suited for the long haul, I'll be getting out from Dell, selling, later this year, but not just yet.

oh and I think more layoffs are coming, so it's not too off topic


Voluntary separation plan coming for union

Plan is coming down the line. Regardless of contract extension or not. À la ups style

$5000 per year of service to leave the company. No restrictions . 5 years or 50 years. Major downsizing is wanted by the company. No ipp offer. Across the board. They will back fill and train if needed for some job titles.


Cargill Milwaukee Plant Closing Affects 221 Workers

Six Wisconsin companies filed layoff notices in February. These notices affected a total of 418 workers across the state. Cargill Meat Solutions announced the largest reduction, eliminating 221 jobs. The company will close its Milwaukee meat processing plant by May. Other firms like Ahlstrom Mosinee and TJ Hale also reported significant job cuts.

https://www.jsonline.com/story/money/business/2026/03/02/cargill-fanduel-other-wisconsin-firms-filed-february-layoff-notices/88876843007/


Verizon Cuts 1,319 Jobs in New Jersey

Verizon laid off 1,319 employees in New Jersey. These layoffs took effect on February 20, 2026. They are part of 13,000 worldwide cuts announced in November. Several other large companies also announced New Jersey job reductions. Merck, Bristol Myers Squibb, and Target are among those affected.

https://wpst.com/ixp/385/p/new-jersey-job-cuts/


First Brands Group Closes Greenville Plant, 275 Jobs Lost

First Brands Group announced a plant closure. This closure will result in approximately 275 layoffs. The facility is located in Greenville. A bankruptcy filing caused the plant closure. Alleged fraud and money laundering led to the bankruptcy.

https://www.bizjournals.com/dayton/news/2026/03/02/greenville-fram-facility-closure-275-layoffs-warn.html


Walgreens Cuts Hundreds of Jobs

Hundreds of layoffs are coming to Walgreens. The Deerfield-based company called this a difficult decision. The company aims to simplify its organization and improve service. Reports indicate 469 jobs will be eliminated in Illinois. Another 159 positions will be cut in Texas.

https://www.nbcchicago.com/news/local/deerfield-based-walgreens-to-layoff-hundreds-in-difficult-decision-report/3902007/


Soquel Union Elementary District Proposes Layoffs Amid Contract Impasse

The Soquel Union Elementary School District board will consider a layoff proposal. This plan involves eliminating nearly 17 full-time equivalent positions. The decision follows an impasse in contract negotiations with the teachers union. District officials cite declining enrollment and a yearslong budget deficit. The union seeks a 3% wage increase and increased health benefits.

https://lookouexample.com/soquel-union-elementary-board-to-consider-layoffs-as-teachers-district-reach-impasse/story


Leadership firings

There are senior leadership firings that are not making sense. Talented people that go above and beyond with a lot of seniority or experience. They must be getting fired bc they just earn more. This is another huge blow to morale, why would I want to move up in a company like that?

Executive level leadership is woefully unqualified and terrible messaging.


“Reclassification”

I don’t know how Macy’s “reclassifying” some people’s positions affects store employees, but everyone who was hired as a “flex position” for corporate side of things has to return to office 4 days a week. They’re doing construction of the office floors at Herald Square in NYC, but what are they changing exactly? They’re adding assigned desks and taking away conference rooms. Have a meeting you need to attend and there’s no meeting rooms available? Their advice was to just go walk through the store and take your meeting.
They’re offering 0 incentive for employees that can completely do their jobs remotely to return to the office 8 hours a day 4 days a week. They want us to “cowork in a creative environment” while being surrounded by beige walls, desks/cubes with no privacy, fighting over meeting rooms just so they can justify having all of that space and its cost.
Snacks? Better coffee? Maybe some other colors than red and beige and white and black? Nope! But come into the office because we are watching you!
They also do not consider the amount of employees they have working there that do not live within NYC. Have wages raised? No, but the cost of transportation sure has from the Long Island railroad to NJ transit to the MTA subway and bus fares.
I don’t know that this company is gonna last much longer. They really only have the 100th year of the parade this year going for them.