#layoffs

600 full time jobs & 800 to 900 seasonal jobs will be lost.

The company filed BK recently.

Heard this morning that a lot of scrum masters were set free with immediate effect (contractors).

Some are given time to find new role within fidelity till end of March.

Any other BU getting impacted?

Hearing multiple people cut across the nation.

Whats your count?

Heard that some restructure happening in some teams, are there layoffs expected?

Which website do individuals typically consult to monitor WARN notices? I navigated to what I understood to be the official portal — https://dol.ny.gov/warn-dashboard — but I do not observe the most recent RA event from November reflected in the listings.

Severance for 2026 has anyone heard any changes to the current plan?

May the odds be forever in your favor...

Its been interesting to see the small and not-so-small ways that people have been tuning out since Charlie Scharf took the helm and the never-ending march of layoffs started. From small shifts in attitude and lowered enthusiasm, to slow walking projects, all the way up to people drawing hard boundaries on their time, and what their teams have the resources to deliver. I can't remember the last time I talked to someone who was enthusiastic about being here, or actively trying to make things better.

Has quitting without notice at Truist become the new normal? In my group, several people have recently left the same day they resigned—no two-week notice, no transition period. That used to be the standard, but it seems like a lot of folks here are walking out on the spot. Is anyone else seeing this happen?

Have the stores been getting non stop deliveries of pallets of merchandise to sell off along with its currently own goods? Positions starting to open up at nearby locations to help colleagues who want to stay with the company? I know fixture sales will probably start beginning in Febuary. Hope everyone is doing OK. Closing a location can be fun.

AI a solution in desperate search of a problem.
Our customers have treated it as a toy, but won't pay additionally for it.
SAP's AI-focused plan is ignoring the demands of core SAP customers and they will move to start-ups or better solutions offered by competitors.
SAP's executive board and HR only want AI because it helps lay off SAP employees and reduce wages where possible.
We need a two-pronged approach, aimed at growing AI relevancy but also growing the core business and delivering the product features our customers are asking for.
This means we need all hands on deck and more employees not layoffs.

Can anyone here help me understand why this isn't SAP's current plan?

Any announcements? What is the severance like if let go?

Big wave coming after annual review, no matter what’s your rating or where you are

Yesterday in Poland, the company was giving away old branded swag, furniture with company colors, and even coat hangers. It made me wonder whether this is connected to an upcoming rebrand.

At the same time, it feels a bit strange - even wasteful - considering how weak the company’s situation currently is, especially when our VCP bonus won’t even be paid out in full.

Curious if others have heard anything or have thoughts on this.

I'm newer to OI... how do they typically let people know that they have been laid off? Is it a last minute meeting? Do you get an meeting invite at the beginning of the day? Are you told individually or is it in groups? Is it your manager sharing the news or is it typically HR? Like all of us- I am nervous!

At this point it’s been 1 week since rest of VSPs left. Company is complete disarray. Comments on CF social media posts show members frustration and lack of any response from CF. How has this mess not made it to at a minimum WBAL? CF leaders have sc--wed the employees and the downstream is a place members lack any confidence in. If bonuses go away, only offshore support will exist, and we all know they care about the income not the fix. Any word when reviews come out or what bonuses are looking like?

Anything about BVS (consumer) being affected today or any time soon? Coaches are walking around whispering, apparently they all have 15 mins meetings today. I do not have any calendar invites myself.

No matter where you work, you should work toward accumulating a financial base to where you can tell anyone that they can go “F’ yourself”. This takes time, a lifetime in some cases but it can be done.

Don’t spend your raises or bonus’s and funnel your extra money into investments. On raises and bonus’s, put about 10% of that aside to reward yourself but be as frugal as you can be. Now Citi does not make this easy as they are extremely lacking in rewards for a job well done but still this is an achievable goal. Work toward a 1 month pay in liquid cash, then 3 months. Put this amount in a CD at a fixed interest rate. Then work toward 6 months, put this into a CD. Then 9 months, same thing, then a full year same thing. Again this takes time. Once done though, as they mature, you’ll be faced with a decision to cash them in or roll them over. Stagger each CD purchase to where they don’t all mature at once. I get it, I really do. This is not a quick fix, its not a fast turn around and you have to spend money to live. It’s a choice though that’s worth the sacrifice. Max out your 401K always.

Resist the urge to have the latest and greatest Iphone, entertainment center, PC, car….etc. … Work hard toward wealth, not money. Build enough wealth to where you don’t care what Citi does. Enough cash reserves to where if you get let go, its of no significance to your life.

If this is so great and fail safe why am I still working at Citi, you may be thinking. I have a good gig. I’m happy and I get paid. Should Citi ever deem my employment no longer needed, that’s ok too. Should Citi ever do or mandate something that I don’t care for, no issue there, I’ll just walk. Simple as that.

I admit, its not always been that way but like I said, this takes a tremendous amount of time and its exponentially harder to do if you have kids but this is what Citi hinges on. They rely on your desperation, your continued need to have to have this job. The more desperate you are, the more you can be abused and strong armed to work crazy hours with the implied “or else” that’s aways preached. They are masters at telling you several things to enforce this. Key phrases such as “its a bad job market out there” , “better the devil you know”, “other banks operate just like this” and on and on. At times all of this is true, at times only some of it and at times none of it is true.

There are other job sectors to look into you know. Citi would have you believe that this is the only place you can ever work and this is the only place that would ever employ you. It’ll do you no good to ever look anywhere else for a job, this is as good as its ever going to get in your life. This is just not true so don’t buy into it.

Work hard, invest what you can, invest in yourself as well (skillset), be patient, network outside of Citi, take care of your heath and work toward the goal of having enough money to where you walk away anytime you want to.

Comment your org when you get the axe (not the email/meeting invite) - let’s keep track here so we know the extent of the damage.

U.S. steel tariffs enacted in 2018 under Section 232 are putting mounting pressure on manufacturers in St. Louis, with growing consequences for local jobs and the community. More than 1,000 pieces of equipment from a major north St. Louis manufacturing site are being sent to auction, a move that signals reduced operations and deepening uncertainty for workers in the area.

While the tariffs were intended to protect American steel producers, higher steel prices have squeezed local fabricators, forcing companies to cut back, sell assets, and rethink their presence in the region. Community leaders warn that continued cost pressures could further erode manufacturing employment in one of St. Louis’s key industrial corridors.

https://www.msn.com/en-us/money/markets/us-tariffs-force-closure-of-70-year-steel-plant-assets-sold-and-layoffs-expected/ss-AA1SF0tT?ocid=UP97DHP

6 months into this new org and people still don’t know who is doing what. Continue pushing jobs to engine and watching it fall apart. Leadership silent on the disfunction of it all. I sure hope the current administration f*cake chevron hard on tax and penalties for all the outsourcing. Seeing employees leave for Exxon is wild. Use to be the other way around.

My early 50s don't have much of a chance to start up again somewhere else. Time to stock market casino time and roll the dice with what I have built up. Do or die time.

Former TikTok content moderators in the UK are suing the company. They allege TikTok engaged in union busting tactics. Layoffs reportedly occurred just before a scheduled union vote. TikTok denies these claims, citing AI-driven restructuring for efficiency. The lawsuit highlights tensions over tech worker protections and automation.

https://www.webpronews.com/uk-tiktok-moderators-sue-for-union-busting-amid-ai-layoffs/

North Star Health Alliance announced plans to eliminate about 120 positions in New York, with management roles most affected. The layoffs follow the loss of state funding in December after New York officials said the organization failed to provide sufficient spending details.

North Star disputes the claim, saying it has been transparent and is seeking continued state support. The job cuts will also affect some clinical and non-clinical staff.

Thousands of layoffs at Tyson Foods plants take effect Tuesday. Nearly 5,000 employees will lose their jobs in Texas and Nebraska. The Amarillo, Texas plant will cut 1,761 b-shift operations positions. The Lexington, Nebraska beef processing plant will close, displacing 3,212 workers. These actions are expected to reduce the country's beef processing by 7-9%.

https://www.5newsonline.com/article/money/business/tysons-mass-layoffs-tuesday-nebraska-texas/527-77817234-22ac-4b70-8f3e-8230fa8b2670

If 5 days are coming in. When will it be communicated

It’s happening as many people projected tomorrow AM and probably Wednesday also. Stop asking what organization and for all the details. People are sharing what they can without exposing themselves. Bottom line is a lot of us are receiving emails for meetings. We’re sharing what we know. But the cuts are continuing. The layoffs are happening in waves based on your leadership and org and it’s not over.

Heard 20%-30% cut this week to newly merged North Area for Network Ops/Eng. Can someone confirm????

Got laid off as a software engineer in 2024. Found a good life after fidelity.

Just wondering where all the talk about scrum masters getting laid off came from. I heard the Spotify agile model is getting done away with (not just because of the last post).

But how much of that talk is actual truth? If true, then what’s the percentage of scrum masters at fidelity that we are expecting to get laid off?

BlackRock must be held accountable for its recent layoffs of American workers while retaining H-1B employees in similar roles.
These decisions raise serious concerns about whether BlackRock is abusing the H-1B program—by laying off qualified U.S. workers instead of redeploying them internally, while continuing to sponsor visa workers for comparable positions. This directly undermines the purpose of the H-1B system, which is meant to fill genuine skill gaps, not displace American employees.
As a result, multiple complaints have already been filed with various government authorities, calling for investigations into BlackRock’s labor practices and H-1B sponsorship legitimacy. Regulators must closely examine whether these layoffs violate federal labor and immigration rules.
American workers deserve protection. BlackRock misused the H-1B program while cutting U.S. jobs, it should face consequences.

I’ve been waiting a very long time for this. Deliverance may have finally arrived. Time to start a new life. Good luck to same!

They are wanted about a 30% headcount reduction without having to pay severance.

Is there other team who did not have annual reviews for 2025

https://dallasexpress.com/business-markets/dallas-express-analysis-who-are-the-top-h-1b-employers-in-north-texas/

Well how about that...?

From global consultancies to public universities, federal visa records show how H-1B hiring has quietly reshaped the workforce of North Texas’ largest cities over the past five years.

From January 1, 2020, through September 30, 2025, U.S. Citizenship and Immigration Services records show thousands of H-1B approvals across Dallas, Tarrant, Denton, and Collin counties, underscoring how private companies and public institutions alike are reshaping local labor markets through foreign-worker hiring.

Supporters argue the visa remains essential for competitiveness.

Former Republican Presidential contender Vivek Ramaswamy, who has drawn national attention for defending the program, has argued that it is necessary because “American culture has venerated mediocrity,” and that foreign workers better fit the demands of American businesses, as previously reported by The Dallas Express.

However, the AFL-CIO’s 2025 H-1B fact sheet suggested that employers embrace H-1B labor as a cheaper alternative compared to Americans.

“In fiscal year 2019, 60 percent of H-1B positions were paid at the lowest two levels, meaning they were paid below the median wage for the occupation and location,” read the document.

72% of H-1B visas are awarded to workers from India, with 12% going to those from China, according to U.S. Citizenship and Immigration Services data.

Universities have emerged as some of the most aggressive users.

The University of Texas at Dallas spent more than $1.1 million on H-1B sponsorship costs since 2020 and secured roughly 300 approvals over that period, according to records obtained by The Dallas Express.

Because public universities are exempt from the annual H-1B cap, they can file petitions year-round, making taxpayer-funded institutions less restricted than their private-sector counterparts, who must compete for 85,000 annual visas.

The private sector visa footprint is large in Texas.

In Dallas alone, KPMG recorded 2,572 approvals, UT Southwestern Medical Center 1,326, Dallas Independent School District 1,272, and Texas Instruments 988, according to the USCIS Data Hub.

Texas Instruments has become a flashpoint. The Dallas-based semiconductor firm received up to $1.61 billion in federal CHIPS Act incentives and then laid off American workers while continuing to hire H-1B employees, according to reporting by The Dallas Express.

Prominent activists and organizations have raised concerns about the H-1B visa program in recent federal public comment periods on reforming the visa program.

Fran Rhodes, president of the True Texas Project, wrote that the program is “riddled with fraud and abuse, and puts American workers at a disadvantage, while creating a financial advantage for the companies hiring foreign workers at a lower pay scale,” reported by DX.

However, the Association of American Universities reportedly urged DHS to avoid reforms that would disrupt the pipeline from student visas to H-1B employment, warning that abrupt changes could harm research capacity and faculty recruitment.

The Dallas Express has prepared the tables below to give Texans a sense of how the program is directly affecting their communities.

Dallas County
Dallas
Rank Employer Total Approvals
1 KPMG 2,572
2 UT Southwestern Medical Center 1,326
3 Dallas Independent School District 1,272
4 Texas Instruments 988
5 AT&T 952

Hasanna Birdsong, chief executive officer of the nonprofit, said the operation will move forward with 20 to 25 employees after cutting personnel across all its departments.

https://www.lehighvalleynews.com/local-news/lehigh-valley-public-media-cuts-nearly-half-its-staff-after-years-of-financial-losses

What's even the strategy anymore? We keep losing customers and value, but all we hear are excuses. The big transformational plan they promised has been a total failure. Instead of fixing the core issues, they just cut more people and shuffle org charts. It makes you wonder if anyone at the top has a clue how to stop the slide or if they even care.

They could completely change the vibe around here if they just handled layoffs differently. What if they actually treated people leaving with some respect, offered a good severance package, and even asked for volunteers first? It wouldn't fix everything, but it would stop morale from cratering every single time.