#layoffs

Srini just said it. They will continue to make 'smaller' changes.

So, changes and layoffs will continue...

Heard over 50% of the NRB in the US was let go. Over 100+ people, this is wild

Oregon's semiconductor companies report soaring stock prices. This growth is fueled by an artificial intelligence bo-m. Despite this, Oregon's semiconductor employment reached a 30-year low. Intel alone cut 6,000 jobs over the past two years. Other chipmakers also reduced their workforces in the state.

https://www.oregonlive.com/silicon-forest/2026/06/oregon-chip-stocks-are-roaring-back-will-the-jobs-ever-return.html

https://www.reddit.com/r/ATT/comments/1u8odfp/major_layoffs_today/

Lots of attention on this one and you know our social team monitors this.

Southern Oregon University leaders released a new financial plan this week. The proposal includes cutting approximately 66 full-time equivalent jobs. It also eliminates three undergraduate degree programs. These measures are expected to save the university about $12 million annually. The plan is necessary to secure a $15 million state funding infusion.

Ashland, Oregon

https://www.highereddive.com/news/southern-oregon-university-plan-would-cut-3-majors-roughly-66-jobs/823213/

Reynolds School District faces significant budget cuts and layoffs. Oregon's school funding formula undercounts student poverty in the district. This undercount denies Reynolds an estimated $9 million in state funds. The district has eliminated staff positions, programs, and instructional days. Many other high-poverty districts across Oregon face similar financial challenges.

Portland, Oregon

https://www.oregonlive.com/education/2026/06/oregons-school-funding-formula-is-broken-its-poorest-students-pay-the-price.html

https://fathomjournal.org/6f4be010/11abdcfdLCZEHh8cGhUZAQk

After yesterday's 10% cut I can't help but think that all we are to this company are chickens saved at the sla-ghterhouse. We are good until the next round but at the end of the day we are still chickens.

Hillcrest HealthCare System announced a reduction in its local workforce. This decision affects less than one percent of its employees. The health system faces financial and operational challenges nationwide. Rising operating costs and changing reimbursement rates contributed to the decision. Hillcrest aims to strengthen the organization for the future.

Tulsa, Oklahoma

https://www.newson6.com/business/hillcrest-reduces-local-workforce

Please be careful with how specific you are on here, especially about “inefficiencies” or even confusion in your areas. Some of the recent comments feel like fishing attempts by the people who are trying to cut staff.

Keep it general enough to stay safe.

PS. I set out a Pennies for Penny jar by Trailblazers. She needs our help!

Ferguson officials face a significant budget crisis. The city plans to cut $2 million and eliminate 12 jobs. Eight positions are layoffs across six departments, including police and fire. Officials are considering asking voters for new sales and property taxes. Years of dipping into cash reserves and rising operating costs caused the financial strain.

Ferguson, Missouri

https://www.stltoday.com/news/local/government-politics/article_4235342a-6ccd-4e76-a8db-72b4948450b9.html

Tech CEOs often attribute mass layoffs to AI. A recent Gallup poll indicates only 1% of laid-off workers agree with this. Layoffs have stabilized at 21% after a significant increase since 2022. Remote employees are particularly vulnerable, comprising 25% of surveyed laid-off workers. Thirteen percent of laid-off workers were from the tech industry.

https://www.fastcompany.com/91560409/ceos-blame-ai-for-layoffs-workers-disagree

Baystate Health recently implemented workforce reductions. These layoffs affected staff in 22 different departments. Longtime employees and information technology workers were impacted. The Massachusetts Nurses Association voiced concern about the job cuts. The union also has an ongoing contract disagreement with Baystate Health.

Springfield, Massachusetts

https://www.wwlp.com/news/local-news/layoffs-at-baystate-health-spark-nurses-union-concern/

Expect 4000 to 7000 impacted. More managers and directors. AI bringing efficiency.

Brace for impact. Gather your swags.

They just announced official targeted offshoring in the Finance division. It continues to get worse of course

Our CEO loves to call layoffs realignments

Extremely worried about the future here. Uncertain times. Will these centers survive?

OpenText stock is so low, it looks like it borrowed a time machine and went back to July 2015, probably the last time someone in leadership accidentally made a sensible decision.

After decades of people working relentlessly, building systems, carrying delivery, solving problems, and keeping the machine alive, it is truly inspiring to watch a parade of strategic geniuses take over and prove that destruction can also be executed with confidence, PowerPoint decks, and executive bonuses.

The company will survive, of course , companies like this always do. The people who built it get discarded, the decision-makers get rewarded, and families like mine get to wonder how loyalty, experience, and decades of hard work are supposed to turn into food on the plate.

But no worries . I am sure the next 'transformation initiative' will fix everything. Maybe another reorg, another acquisition, another round of cuts, another leadership memo full of brave words and zero accountability. Because apparently, when stupid decisions fail, the solution is to execute them even more relentlessly.

Apaches how’s the vibe now? You had 100 days to feel empowered and successful…now the man behind the curtain needs to drop trousers (oil price) so the midterms don’t destabilize the wizard of Oz.

What’s break even now? Can Apache continue nickel and dimming its vendors?

Paychex has decided to layoff approximating 10 designers and over 70 developers. They are refusing to give any reasoning or criteria for why they targeted individuals, citing AI wasn't the reason and that it was for "business needs" and "sustainability". From what I've heard they gave former employees only 9 weeks of severance.

I know there should be no surprise with the price of oil dropping, but Shell stock is tanking. I thought the company would have been doing better after all of the massive layoffs, divestments and stock buy backs. Have they gone too far?

For all the people posting "just quit," I'm assuming you either have wealthy parents, a wealthy spouse, a trust fund, or simply don't understand that most American households rely on two incomes to keep the lights on.

The idea that people can "just quit" comes from a place of privilege. Many people can't simply walk away from a paycheck. They can't magically afford a maid, laundry service, extra childcare, or elder care to make RTO more manageable, or months of reduced income or no income on unemployment while they search for something new. And let's be honest—the job market isn't exactly making that decision easier right now.

What makes this especially frustrating is that many of us chose these roles over the last few years because they were advertised as remote or hybrid—not because we were specifically committed to one company. Changing the rules after people have built their lives around those expectations feels like a bait-and-switch.

So when people say, "just quit," what they're really saying is, "just absorb the financial risk and disruption to your life." That's easy advice to give when you have a safety net. Not everyone does.

The result isn't that people leave. The result is that you end up with a lot of frustrated, disengaged employees who feel stuck because they can't simply walk away.

And yes, it's hard not to notice that many of the people making these decisions have financial security and flexibility that most workers don't. It's a lot easier to tell someone else to take a risk when you're insulated from the consequences yourself.

Not to mention that the office setup, hot-desking, and commutes are terrible.

Am I getting paid for that commute time? No. Should I be? Probably. We all should be.

And let's not pretend there aren't real quality-of-life impacts. A lot of people use the flexibility of remote work to take a walk, go to the gym, attend a doctor's appointment, pick up a family member, or simply take a break that helps them manage stress and stay productive. When you're spending hours each day commuting to and from an office, that time disappears.

For many people, return-to-office doesn't just mean working from a different location. It means less time for exercise, less time for family, less time for errands, and less time to take care of their mental and physical health—all while doing the exact same work they were already doing successfully from home.

If we were really a team then anyone with a C &O or VP in their job title would take a pay cut. You know the ones making millions of dollars per year.
Employees over 60 years old who already qualify for social security benefits and can access their retirement accounts without penalty should take the VSP.
We shall see if our older coworkers thought of others younger than them who may face layoff because you stayed on instead of taking the VSP.

Lots going on without answers
How long left

Feedback on TheLayoff.com reflects consistent concerns about Robin Vince and the Executive Committee’s leadership approach, particularly around communication and transparency. Employees report that leadership discussions feel scripted and avoid addressing the practical impact of layoffs, cost‑cutting, and ongoing real estate closures and consolidations. Many feel there is little meaningful dialogue about how these decisions affect workloads, stability, and long‑term career prospects.

Restrictive return‑to‑office policies are another major point of frustration, especially when paired with reduced office space and limited flexibility. Associates also describe promotions and merit increases as stagnant, with internal mobility perceived as difficult or inaccessible.

Commenters frequently question the company’s use of tax credits tied to hiring state‑university graduates and upgrading U.S. facilities, suggesting these incentives do not appear to translate into broader investment in existing employees. Concerns also surface around the growing reliance on AI tools like Eliza, which some view as a substitute for genuine engagement.

Finally, many posts highlight unease about continued offshoring, increased use of H1B hiring, and patterns that employees interpret as age‑related bias.

Overall, commenters describe a widening disconnect between leadership messaging and the day‑to‑day realities employees face. Commenters have lost trust in senior leadership and are concerned that BNY is not a desirable employer.

Why is anyone still working here? Being unemployed would be better for you at this point. Leave the company. Let them choke on their own nonsense. Zuck deserves to be allowed to drive this thing into the ground.

Just to confirm, this will be implemented to track us and help them get rid of us?

So I have been wondering since this all started who they consulted to come up with this bright idea. You take an already understaffed and burnt out workforce, who is constantly being told to do more with less supports and people. Then you notify them on a dime that they’re offering VSP and all may face layoffs. They do know this is the perfect recipe to send thousands of employees out on long term stress leave. Leaving management responsible for billions in insurance payouts as you’re unable to separate that employee due to medical reasons and would face wrongful termination lawsuits from every direction. Like I don’t even understand…. Has no one even heard of risk management anymore or common sense. Like everything else here I am watching a top bloated organization unwilling to cut its own C-Suite pay or make real sacrifices, instead claiming AI is the answer. What about the jobs that AI can’t do or the ones that will be horribly mismanaged due to a machine replacing real eyes. The ghost in the machine here isn’t AI it is corporate greed just like everywhere else. I am so discouraged in the place I work, are no words.

Citi is on a path of steady decline. It will keep shedding employees, it will keep shrinking until there's barely anything left of what once was. And then even that small remaining piece will collapse and take whoever is still there with it. So here's my advice. If you're smart, you won't wait around for that to happen. You'll be long gone before the end.

How likely is it that they eliminate administrative staff? On the one hand, they wouldn't function well without us, on the other hand they constantly underestimate how much operational impact we have. I'm just getting tired of worrying about job stability every couple of years. Maybe it's time to take the exit. IDK...

Some people are getting axed based on profitability today- weren’t on plans, just based on years round performance out of the blue- always make sure that resume is updated- T is never a safe company to work at

Barstow intermodal gateway project approved for construction according to media, so in less than 5 years when new contracts come up for bid, Barstow current facility and Shepherd going to be closed down, with resources shifted the same way the did in Interbay to Vancouver, transcon traffic will increase but facilities like Houston that require annual repair are going to be scabbed out to RJ Corman like Pearland. That’s why there is no more mechanical facilities other than Temple from the coast to Tulsa, and seniority wise Houston is almost at 20 years to hold in TY&E

Sooner its gone the better. Does anyone know when?

U.S. applications for jobless aid decreased last week. Filings dropped by 4,000 to 226,000. This indicates layoffs remain historically low across the country. The U.S. economy added 172,000 new jobs in May. The unemployment rate currently stands at 4.3%.

https://www.clickondetroit.com/business/2026/06/18/us-filings-for-unemployment-benefits-fall-to-226000-last-week-as-layoffs-remain-historically-low/

Pete L talking about IA employees are the most valuable part.. mkay how many will be RIFfed soon?

Plastic Products Co. Inc. is closing its West Branch, Iowa facility. This plant specializes in injection molding. The closure stems from a business slowdown. Whirlpool's reduced demand impacted the company. The West Branch operation will cease.

West Branch, Iowa

https://www.plasticsnews.com/processors/injection-molding/pn-plastic-products-closing-west-branch-molding-plant-whirlpool/

Vistra Corp. plans to close three power plants in Illinois. These closures will affect 304 employees across the sites. The company cited economic, environmental, and regulatory factors. Layoffs will occur at Newton in October 2027, Kincaid in January 2028, and Baldwin in February 2028. Vistra will continue to inform employees and community stakeholders.

, Illinois

https://www.pjstar.com/story/news/state/2026/06/15/illinois-power-plants-to-be-shuttered-and-employees-to-lose-jobs/90554807007/

Market share going away, cutting prices while losing billions of dollars, datacenter builds plans cut and dropped across the industry, Microsoft distancing itself from OpenAI like it has an STD.

A sobering new sign for OpenAI as ChatGPT competitors gain ground

The chatbot that set off the AI craze just fell below 50% in market share for the first time, according to Sensor Tower, just as OpenAI is gearing up for an IPO.

https://www.fastcompany.com/91560276/chatgpt-loses-ground-gemini-claude-below-50-percent-market-share

A third of the posts are in regards to the many different ways that the WARN notice for NY\NJ can be interpreted, why? Is it really that complex? Is it really that dynamic to where it changes so often, you have to constantly crunch the numbers?

I live on Apple St., which is one block over from outside the NY city limits. If its a Tues at 3PM and I get placed on notice but I’m not told about it until the following Friday at 1PM, do I get an extra 2.37 days worth of pay? etc…. WTF kind of questions are these plaguing this board?!?!

I don’t see any other location discussing all the different possible gyrations of how to squeeze another 2 cents, 2 days, whatever out of the system.

Rackspace Technology is reducing its global workforce by about 15 percent. This move is part of a major business transformation focusing on enterprise artificial intelligence. The company's Executive Committee approved the decision on June 10. Rackspace expects annual cost reductions between $75 million and $85 million from this restructuring. These savings will be reinvested into strategic AI growth initiatives.

https://www.timesnownews.com/business-economy/companies/rackspace-technology-layoffs-why-the-firm-is-cutting-15-of-its-workforce-article-154671687