#layoffs

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Main Street Sports Group Cuts 20 Jobs in Minneapolis

Main Street Sports Group announced the closure of its Minneapolis operations. This action will result in approximately 20 employee layoffs. The layoffs are scheduled to take effect starting April 14. FanDuel Sports Network North broadcasts Timberwolves, Lynx, and Wild games. The CEO stated that NBA and NHL broadcasts will continue as planned.

https://kstp.com/kstp-news/local-news/owner-of-fanduel-sports-network-announces-layoffs-in-minnesota/


New Seasons Cuts Staff After Wage Increases

New Seasons Market confirmed laying off 95 employees this week. The grocery chain cited increased labor costs from a new contract. These layoffs affect less than 5% of the current store staff. The New Seasons Labor Union expressed outrage over the decision. Affected workers received four weeks of pay and six weeks of health coverage.

https://www.oregonlive.com/retail/2026/02/new-seasons-lays-off-95-employees-citing-recent-labor-agreement.html


LAUSD Board Approves Staff Layoff Notices

The Los Angeles Unified School District Board approved preliminary layoff notices. This action affects approximately 2,600 central office employees and administrators. The district faces an $877 million projected deficit for the upcoming school year. Union leaders and some board members question the necessity of these cuts. No classroom teaching positions are included in the current proposal.

https://www.dailynews.com/2026/02/17/lausd-approves-march-15-layoff-notices-in-a-4-3-vote/


Will customer support survive?

Does anybody know if the customer support teams will survive these layoffs and if so, which regions are most likely to be safe?

I have heard multiple rumors and it‘s not looking promising. My manager in support keeps telling me everything will be okay, only if I start my shifts early and finish them late, then it will increase my chances of survival.

Is my manager taking advantage of me?


Citi Pledges $35M for 'Household Financial Resilience' — While Slashing 60,000 Jobs That Destroy Households

Citigroup wants to help American families build financial stability. Unless those families work for Citigroup.
.
https://www.ibtimes.com/citi-pledges-35m-household-financial-resilience-while-slashing-60000-jobs-that-destroy-3796814


I think I am done

It’s official. After over a decade committed fully to this company I think they have broken my morale irreparably.

Between being told in my performance review I went above and beyond and could not have done a single thing better but could not get an “exemplary” rating because too many were given, to layoffs and AI looming, and not being valued or appreciated at all, I’m going to start applying elsewhere. I miss the old Usbank. I loved this company, I loved my job, I thought I’d retire from here. They really just crushed me.


Palo Alto to cut over 500 CyberArk jobs after closing $25 billion deal

Last Thursday, one day after the transaction officially closed, employees across the combined organization received emails outlining the status of their employment. For most, the message confirmed continuity. For an estimated 500 CyberArk employees worldwide, including roughly 100 in Israel, it signaled the end of their roles.

https://www.calcalistech.com/ctechnews/article/hy707511ube


Definitely not looking forward to the aftermath

If I survive this wave, all I can hope for is more work, more stress, and definitely more chaos. Nothing to look forward to but holding onto this awful job for as long as possible. I'm demoralized to the point of being both numb and depressed. I honestly don't know what's worse anymore - being laid off, or staying.


Regional Distribution Layoffs (Devens)

AE Regional Distribution Co., which distributes products for American Eagle Outfitters, plans to shut down its Massachusetts distribution center in Devens. The closure will result in 103 job losses, according to a Massachusetts Workers Adjustment Retraining Notice submitted to the state on Feb. 11.

  • The layoffs at the facility located at 64 Jackson Road are scheduled to take place between April 12 and May 6, the filing states.

The company, previously known as Quiet Logistics, was purchased by American Eagle in 2021 for approximately $360 million. The acquisition was intended to speed up deliveries to retail stores, according to Yahoo Finance. Earlier this year, American Eagle announced it would reduce its accelerated delivery initiative and close its distribution centers.

A company spokesperson said the move is designed to allow AEO to concentrate on growth and its core portfolio of lifestyle brands.

The spokesperson added that Quiet has appreciated its customer partnerships and, when possible, is helping clients transition to alternative providers. The company also acknowledged its employees’ contributions and said it intends to provide support during the transition.

/Massachusetts
@Massachusetts
https://www.masslive.com/business/2026/02/mass-distributor-for-popular-clothing-brand-to-close-lay-off-103-people.html


Tensions mount as LAUSD board to consider sending 3,200 notices of possible layoffs

  • More than 3,200 LAUSD employees would receive layoff notices under a proposal to be considered by the school board.
  • The actual number lost is expected to be lower, but state law and union trigger notifications will cover all possible cutback scenarios.
  • The pending decision has prompted criticism from union leaders.

https://www.latimes.com/california/story/2026-02-16/lausd-considers-sending-3200-notices-of-possible-layoffs


King Delivery to Lay Off 153 Workers in Brooklyn

Brooklyn-based King Delivery LLC, an Amazon Delivery Service Partner, is closing operations and laying off 153 workers, according to state filings. Founded in 2024, the company operated in the transportation and logistics sector.
The closures and layoffs were attributed to weak freight demand and a reduction in the volume of packages handled for their largest customer, Amazon
The layoffs were reported as part of a wave of job cuts in January and February 2026.


Barclays CEO Cuts Jobs, Shifts Bank Strategy

Barclays' new chief executive announced a fresh course for the British lender. He pledged to cut at least 3,700 jobs. The bank will also prune its investment banking division. This aims to rebuild its reputation and boost profitability. The CEO stated ethics would now precede earnings.

https://www.aol.com/news/2013-02-12-barclays-job-cuts-layoffs.html


MUSD Board Approves Agreement Amid Layoff Concerns

Mo--ngo Unified School District (MUSD) Board of Trustees met recently. Union representatives voiced concerns regarding budget and staffing decisions. The California School Employees Association (CSEA) protested the layoff of five health techs. Mo--ngo Teachers Association (MTA) advocated for fair teacher compensation and smaller class sizes. Despite these concerns, the Board unanimously approved the CSEA/MUSD tentative agreement.

https://z1077fm.com/teacher-associations-give-strong-arguments-for-smaller-class-sizes-and-against-staff-layoffs-musd-board-approves-tentative-agreement/


British Retailers Cut Staff Due to High Costs

UK unemployment reached 5.2%, a five-year high. The retail sector lost 74,000 jobs year-on-year. Businesses attribute these job losses to higher labor costs. Increased National Insurance contributions and minimum wage hikes impacted hiring. Younger workers and consumer-facing businesses are most affected.

https://internetretailing.net/retail-layoffs-mount-as-uk-unemployment-climbs-to-five-year-peak/

UK


Angi Inc. Reduces Workforce Due to AI Efficiency

Denver-based Angi Inc. announced 350 layoffs this quarter. The company cited AI-driven efficiency improvements as the primary reason for these cuts. These reductions are projected to save Angi up to $80 million annually. Separately, the National Laboratory of the Rockies cut 134 employees. This was the lab's second round of layoffs in less than a year.

https://www.9news.com/article/money/business-brief/ai-layoffs-denver-economic-aftershocks-golden/73-4fa0ec3c-2fb9-484a-9cec-dd6b6feed6ea


Covenant = Default (Bankruptcy)

The recent news about the joint venture of TPG, states that IPCo (A bankruptcy mechanism organization) now owns Xerox IPO.

In the new agreement there is a revenue covenant clause, that states certain thresholds for maintaining branded revenue (Excludes Lexmark, Fittle etc.)

The thresholds are as follows:
June 30: $2.578B
September 30: $3.852B
December 31: $5.225B

If Xerox fails to meet these revenue tresholds, the SSLA requires IPCo to initiate an event of default.

In otherwords, if Xerox does not meet the $5.225B brand line revenue in 2026 they will be going into default.

In 2025 Xerox did roughly $5.5B in brand line revenue. In other words: Does the brand line revenue decline with more than 5% this year again a default event will happen.

With the mass layoffs, mainly on the Xerox side, this is highly likely to happen.

In other words, we are now within the last 12 months.


What’s next?

New leaders will come up with a aligned strategy to transform this organization. That also means coming up metrics that can be measured consistently and monitored. Next six months are critical for the company. I assume there might be further reductions due to realignment but time will tell.

Today, I just expect them to introduce department leaders and vision & mission for each department.

We all have to contribute tremendously to turn this company around. If we don’t then there is a risk that we wont have the “W” near our house.

What you can do to save yourself from layoff is to make their strategy successful.
You can work hard but working smart and being strategic is more important.


Roche RDT (former Roche IT) job cut in 2026

Roche is currently undergoing a significant global restructuring of its Roche Digital Technology (RDT) organization (former Roche global IT). Under the leadership of Wafaa Mamili, the company is centralizing operations through a new technology hub in Hyderabad, India. While total headcount is projected to grow globally, this strategy involves substantial workforce reductions at key sites, including Basel, Mississauga, South San Francisco, Mannheim, Costa Rica and more.
These transitions, which also include the departure of high-level and high-performing specialists and long-term contributors, are expected to continue throughout 2026 in accordance with local labor regulations and social plans. It may no longer be a "great place to work" especially for IT specialists.


The two way street

All you hear is “there’s a storm a comin”, whatever. What most managers don’t realize or don’t care to realize is that for now things are slanted one way…..for now.
There is a storm coming, yeah, I get it, layoffs.

After the dust settles, there’s another story to tell coming from the employees. Things will be slanted the other way.


Next Step in AI Replacement

Many of us got an email today stating that we are to start evaluating AI responses and tagging cases so that we can give feedback as to why articles are not leading to resolutions.

It is being framed like AI is going to be a tool that helps us do our jobs better. It is very clear that we are training our replacements.

It would be wise for anyone in support to start coming up with a plan b.