#layoffs

Do you have any update of layoffs in Poland? Is EMEA already done or still in progress?

Despite enacting 1000s of layoffs as the company claimed it needed to reduce costs. We also expatted an American female to SJS in a GL role, paying for 5 kids to go to private school all expenses paid.

Hearing folks are off payroll 7/1. Right or wrong?

Do they really think AI can make up for that? Are they really that stupid? (that's a rhetorical question)

Where is she getting all the numbers about 75% of the people getting our yard are getting internally placed again? Most instances the reqs are frozen or there’s none to apply to. She is so fake and I can’t believe people love her post.

Rumors are there will be new list coming for layoff every month after June. Main cuts will be in Communication, PMO, Product, Retail, Digital, Engineering, Data, Network, Infra, Observability, Martech and Security.

Which of the roles has the best job security and advancement opportunity? Need to get away from Fidelity where layoffs are over my head every month.

Message from my M5 NA squash friend is that they will be pushing lower rankings to all in reviews and employees will be stack ranked. There will be reviews across each GBUs. M5 suspects another round of cuts coming. For those with manager hate here - cuts will also be coming in for M level. The initial step per M5 was getting those with few reports to IC in FY 26. Many long term managers are understandably struggling in IC roles so cutting them on performance criteria in FY 27 will create no legal issues. Exact timeline not clear at the moment per M5 and he said he is prepping to be let go and hopes he at least lasts untill his RSUs/options vest. The RSU/options vest at M5 NA are 500K-1M - WOW - I don't think it was a lie. My Senior Developer RSU is 7.5 percent of that like WTF.

2025 Executive pay received only 60% support at the Citigroup stockholder meeting a few weeks ago. Current and former employees who own shares in the Citi stock fund in the 401k plan along with other shareholders made a loud statement that Citi executive pay is excessive.

https://www.citigroup.com/rcs/citigpa/storage/public/citigroup-inc-8-k-05-21-2026.pdf

Any ideas?

This week started my teams AI usage. It only does one part of our work so far and it needs some fixes. But I think this is the end lol. CRIU- when will we be let go? Any guesses?

Another Friday email about MCP. The fifth? Tenth? Who knows anymore. The topic changes slightly, but the result is always the same: lots of buzzwords, very little substance, and almost nothing employees actually care about. Same goes for Radio FactSet.

Meanwhile, layoffs happened this week and didn’t deserve a single mention. Is the CEO genuinely aware of what’s happening inside the company, or is he too busy writing thought pieces about AI? The disconnect is becoming impossible to ignore.

What roles / departments are being targeted in the uk. Lots of muttering but no real facts. Any information is appreciated.

That's the whole point. It was always meant to be an attrition tool.

Invista's Kingston plant is laying off over 100 workers. These job cuts are part of a company-wide restructuring effort. The company has not been profitable, with costs exceeding its value. Layoffs will occur between June 21 and August 2. Invista aims to become leaner and more cost-efficient for a profitable future.

https://www.thewhig.com/news/more-than-100-jobs-cut-at-invistas-kingston-facility

Noble Inc. announced layoffs affecting 80 employees. The terminations will occur at its Indianapolis facility through August 2. The nonprofit is discontinuing Community Living residential services. This is part of a strategic realignment and due to funding uncertainty. The change affects 38 individuals receiving residential services.

Indianapolis, Indiana

https://wibc.com/888986/80-employees-laid-off-at-indy-nonprofit-aimed-at-helping-people-with-disabilities/

JPMorgan Chase is managing its workforce evolution in response to artificial intelligence. The bank plans to rely on natural attrition rather than implementing layoffs. CEO Jamie Dimon anticipates AI will eventually reduce the total number of jobs. The company intends to hire more AI specialists and fewer traditional bankers. This strategy allows for retraining and redeploying existing employees through natural turnover.

https://aimagazine.com/news/jpmorgans-workforce-strategy-attrition-over-layoffs

Concord City Council approved the 2027 city budget. The council avoided staff layoffs by utilizing rainy day funds. This budget is estimated to increase the tax rate by just under 4%. Some vacant positions were frozen, and one deputy police chief role was eliminated. The city allocated over $1 million from its reserves for operational expenses.

https://www.concordmonitor.com/2026/06/05/concord-city-council-puts-1m-in-rainy-day-funds-into-2027-budget-avoiding-staff-layoffs/

Alphabet shares declined after reports of job cuts. The company reduced positions within its cloud unit. This move aligns with reinvesting in AI growth areas. Some cloud workers and Google's Threat Intelligence Group members were affected. Alphabet regularly reviews internal structures to meet industry needs.

https://www.tradingview.com/news/gurufocus:0bbfb903f094b:0-alphabet-stock-slides-after-report-reveals-cloud-division-layoffs/

Reyes Beverage Company acquired assets from Republic National Distribution Company. This deal included RNDC's Phoenix distribution facility. Reyes acquired the Phoenix facility on June 2 for $42.6 million. RNDC previously filed a notice of potential layoffs. This notice affected 211 jobs at the Phoenix warehouse.

Phoenix, Arizona

https://www.abc15.com/news/business/reyes-beverage-buys-phoenix-distribution-facility-where-layoffs-were-announced

Layoffs are planned for the Chelan-Douglas Health District. This follows the chief administrator's departure last month. The public health department serves two counties. It manages child nutrition programs and vaccinations. The district also handles disease outbreaks for the Wenatchee Valley.

Wenatchee, WA

https://www.ncwlife.com/news/videos/layoffs-follow-health-agency-chiefs-resignation/video_53e0476a-e59b-51ea-85dc-d2064519150c.html

Capital One is cutting nearly 300 jobs. These reductions are part of its acquisition of Discover Financial Services. The acquisition is valued at $50 billion. This marks the fourth round of layoffs. The job cuts are linked to the Discover deal.

https://www.chicagobusiness.com/banking-finance/ccb-capital-one-discover-job-cuts-20260605/

I'm seeing some linked in posts where people are 'so excited to announce I'm taking a new position as a director in Fidelity blah blah ' where they were formerly VPs. Of course one in particular I saw scrubbed that gleeful vp announcement from 3 years ago from his linked in page. Are there people who took demotions to stay in lieu of getting $hit canned or is this some sort of universe correcting reorg?

Fulcrum Therapeutics announced a significant business restructure. The company is reducing its workforce by 85%. This leaves the company with nine employees. The decision follows the discontinuation of its lead dr-g candidate, pociredir. The FDA raised safety concerns regarding the sickle cell disease treatment.

https://www.biospace.com/business/fulcrum-tanks-as-cancer-concerns-stymie-sickle-cell-asset-trigger-business-reorg

Whirlpool Corporation will end second-shift production at its Amana plant. This change is effective July 5. A total of 288 employees will be affected by these layoffs. The company attributes these actions to a multi-year modernization plan. Whirlpool previously laid off 341 workers in March at the same facility.

Amana, Iowa

https://www.kcrg.com/2026/06/05/breaking-whirlpool-ending-second-shift-production-amana/

ESPN expects another round of layoffs. This follows its recent acquisition of NFL Network. The NFL gained a 10-percent interest in ESPN in the deal. The NFL Network purchase is a major factor in these upcoming job cuts. Both off-air and on-air employees are expected to be affected.

https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/report-nfl-network-acquisition-will-spark-more-espn-layoffs

Monumental Sports & Entertainment is laying off about 30 employees. This reduction represents just under 4% of its total workforce. The company cited redundancy and efficiency as primary reasons for the cuts. These layoffs are part of an organizational restructuring tied to the Capital One Arena transformation. Monumental plans to reallocate resources and invest in other key areas like technology and fan support.

Washington, D.C.

https://www.sportsbusinessjournal.com/Articles/2026/06/05/monumental-sports-entertainment-undergoes-layoffs/

FU-K OPENTEXT

I've worked closely with a few core systems for years and always believed that made me valuable to Cisco. Recently I've watched people with deep knowledge get pushed aside during layoffs and it's changed the way a lot of us look at long term stability here. We still work hard, but there's definitely less confidence that loyalty or expertise will matter when decisions get made. So many of us have started looking. Loyalty has to be a two way street or it simply disappears.

I've been on both sides of this, and the fear of not having a job is just as bad as the misery of having one you hate. Watching your savings drain and your health coverage get closer to expiring is its own special kind of he-l. You still got a paycheck coming in, don't waste that advantage. Even if you think you're safe, it won't hurt you to start looking, just in case. There's a huge difference between getting to do it while still employed than when you're already without a job.

Q: How does it feel to be one of the ones who was LR harvested, whilst the Bread and Circuses of CiscoLive! commences?

A: It feels pretty sh£tty.

What a joke this all had been. To the old teammates who won't reply to texts, emails, or LinkedIn messaging...F-off, the lot of you.

Packages coming. 2months max severance. Goal is 90% of engineering at LCC's by 2029

About to have negative earnings for the next few years

And everything reflects it. The group is not open to new ideas, or new tech or new methods. And we are supposed to be a "cutting edge" IT group. We have projects that started a decade ago that cant move forward because we have not done our "due diligence". We are using tech from 2015.

10 out of 14 people will retire in next 3 years. Hopefully we can get some smarter people in. Although most likely we will be offshored.

"pump and dump"

https://www.msn.com/en-us/money/companies/verizon-vz-stock-trades-down-here-is-why/ar-AA24RnGp Bottom line Verizon sold customer location data and was fined $47 Million. Wonder how many employees Dan will lay off to cover this bone head move?

Displacing individuals is too slow and not creating sufficent staff reduction.
Poor work conditions and arbitary illogical management and we-ponized metrics have failed get employees to self attrit. Leadership next phase: Build League, the foundation to start displacing entire teams of employees at once....

Close contact in HR told me more RIFS definitely coming and oh, this will be an annual thing. Good luck to who remains.

In all the 20 years Ive worked here ne we felt so unstable or unappreciated. Dumpster fire !