#layoffs

Posts mentioning hashtag #layoffs

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Amityville Ny closing EW building

One of the NY amityville locations has been told
the building will close the EW section affects about 75 employees ,
Employees have been told April 9th is there last day.
Harris lawyers are mo--ns they forgot to tell the customer
they sold the repair and production contract lol. Air Force said humm don’t think so you need
Our permission Mr k lawyers said we are smarter than the government.
The group was sold and closed 3rd week of December.


Recent Layoffs attributed to losing a large contract

The irony - People who were responsible to lose the contract are rewarded with continuing employment and perhaps bonus while all people not even remotely connected are fired.

CEO and their cronies - "I take full responsibility and willing to sacrifice 2500 wonderful and talented colleagues for my stupid mistakes"


Question to our CEO

I reviewed some quarterly meetings with the ELT and one important question was asked to the CEO.

You have mentioned we have the people to win and emphasize we are a people-first culture.
So, why is cutting people first a yearly action plan for long-term growth and profitability?
After five years of people first cuts, might it be time to rethink this strategy. How about people-second?

Does anyone know if this person was made an example of?


The hidden costs of layoffs

It should be no surprise that layoffs ultimately cost a company more in the long run, but here's an interesting interview nonetheless. It's worth a listen, but the TLDR is that short term gains are obvious, but longer term, it usually results in underperformance relative to companies who don't do that.

https://hbr.org/podcast/2023/12/the-hidden-costs-of-layoffs

Now, that's just layoffs, so imagine what happens when you aren't just laying off, but also using dubious tactics to stack rank, fabricate performance reviews, and look for ways to fire people for cause as a way to avoid severance costs?

This is why I am not long in WFC and I watch it every month or so for opportunities to short.


MercyOne layoffs

“After careful and thoughtful analysis, certain non-patient-facing-revenue cycle functions will be transitioned to a partner. As a result, positions within the revenue cycle department will be reduced by 10.5% across Trinity Health’s national footprint."

https://www.kcrg.com/2026/01/29/more-mercyone-layoffs-announced-iowa/


Strong rumor - SAP to buy Berlin based startup N8N

SAP in talks to buy or partner with N8N as its internal efforts to boost the next gen SAP Build falters big time with legacy platform. Existing products to be scaled down, retired and moved into support mode with external vendors until customer migration is complete. Teams to be reassigned/ laid off based on the location. Possbile news to be out in 2-4 weeks.
It gets even more critical to compete with lean AI first startups as SAP share price nose dives 17% after the announcement of financial results.


The New Verizon??

The New Leader announced inevitable job cuts to the tune of 15,000 employees on Nov 19, 2025... VZ stock that day was $41.19
Today, 70 days later, it's sitting at $40.00... whopping 3% change in the wrong direction!!
Feb 5..... Round 2 of Dan Lay-offs definitely uploading!!!


Current composition of WF workforce and what to look froward to…

I’m trying to figure out how currently WF workforce is split. In December total employees count was about 216000. In January it is already 210000. I wonder what is a percentage US vs India &Co?

The other question is what’s the ration (pay wise). US vs India? It used to be 1:4 but I believe that offshore pays went up.

Final question, now that 2025 numbers were communicated to masses, how many resignations there will be after pay on 2/13 ( true ones not the ones from keyboard warriors)?


The job market has been terrible for the last few years

Is it ever going to improve? I am especially afraid of being laid off because of how bad things are. I am relatively new to the workforce, so for those with more experience, has there been another period like this before? And how long did it take to turn around?


Why are layoffs such a normal thing these days?

Why did we allow it to come to this? Why are so many of us so willing to take on work from our laid off teammates to the point where we're constantly overworked but still expected to pick up more - and then we do! How is this our new normal? Nothing will change until we all say enough and just start refusing extra work. Let them deal with the consequences of their actions for once.