#layoffs

https://www.travelandtourworld.com/news/article/wl5hu04k6ut6/

The wool is going to come off people’s eyes sooner or later. When it does, the stock will end up much closer to where it belongs, in the single digits.

They always expect us to be loyal, to give our best, to stay for years and build our careers here. But when it comes time to invest in us, we're just an expense to be minimized. Experienced people get cut or have their raises capped so the company can save a few dollars.

https://www.livemint.com/market/stock-market-news/oracle-layoffs-30-000-jobs-cuts-to-be-completed-by-june-15-despite-booming-cloud-ai-growth-and-strong-earnings-11780391629986.html

Presbyterian Hospital has announced the layoffs of 150 workers along with the discontinuation of most Medicare Advantage plans in 2027.

According to a statement from Presbyterian Healthcare Services, the layoffs will be in administrative roles and not related to hospitals or clinics.

https://www.koat.com/article/presbyterian-layoffs-albuquerque-new-mexico/71475392

From what I have seen lately, many experienced workers are checking openings in the background but holding off on changing jobs until companies start hiring more steadily again. Once that happens, we'll see a major exodus of talent.

T is like an enormous dinosaur lumbering through the telecom space. Had we cared for the aging dinosaur by making sure our fiber footprint and customer service were robust, we could have survived the times we are in now.

Instead we tried to weave ourselves into sectors we had no business in and come up with gimmicky BS to seem cutting edge.

Putting funding and focus into those pursuits made us quietly fall behind. Now we’re like a cringey guy in the throes of a midlife crisis trying to date 20 year olds and who have zero interest while neglecting his family that is rapidly falling apart.

Nothing is working and the company looks stupid as he-l flopping around trying to ensure everyone that things are going great and AT&T is cool.

Sadly, that's far from what happened here. The people who knew how to play politics, who knew how to hide during the bad times, they're the ones who mostly survived. Most of the people who actually knew how to lead, who had real skills and real experience, they're gone. What we've got left is the worst management team I've ever worked under and most of the rest of us who do the work looking for an exit.

If it’s any consolation, “thank you for being the best part of Verizon” was carelessly worn out like “love you’s” to your ex-wife. They got us all with it. They made corporate love to us (because it wasn’t consensual) while they took our innocence, money, and more importantly time. And you sold your dignity for a small check and what amounted to a pizza party. Hey we all get used from time to time. But this time, you got a skill out of it not just he---s.

https://www.cnbc.com/2026/06/03/att-downgraded-ahead-of-spacex-ipo-on-coming-broadband-competition-from-starlink.html

It’s over y’all!

I finally decided it was time to give up on FIS and started applying. Honestly, this company makes you feel so sh---y about yourself that I went in thinking I wouldn’t be able to land anything.To my surprise, a couple weeks in, I have two offers, both paying significantly more.
Put yourself out there. Believe in yourself. Don’t let this record breakingly bad executive team and their leadership make you lose confidence in your future.

Does anyone have any idea when the next round will be, June or July 2026?

Please don't assume we're back just because we're hiring. If you've followed the trend over the last few years, OpenText has often hired and then later laid off employees to backfill positions. The current hiring activity alone doesn't necessarily indicate sustained growth.

The cure is not in cutting costs. The cure is to innovate its way out of the current
predicament. Fiserv seems to be missing that point. Sure you can increase EPS by buying back stock and laying off employees, but thats not going to grow top line revenue. No one is impressed with management’s plans, and the stock price is reflecting that.

If you think Shell is messed up…it’s actually a fine running Swiss watch. Enjoy what a near peer is going through…Any time you hear energy transition and BP beyond petroleum…

Why is it Executive leader ship can’t give raises, but they can hire two more of their friends for VP positions we don’t need?

The Truist Championship did one thing for sure; it took money from raises, bonuses, and promotions. That is it. The rest is speculative and ignores the terrible work the executive leadership has done since the merger that undermines all of the claims.

Hi, does anyone have any insight on Warsaw locations and potential changes coming?

https://www.dailyuw.com/article/meta-layoffs-and-megayachts-what-the-zuck-is-going-on-20260603

Sounds like another round of layoffs. Couple hundred from engineering side. Feel for those affected. I guess the strategy remains you can fix leadership problems by laying off experienced engineers.

Did you notice that after every layoff the environment becomes a bit more toxic? People start keeping to themselves, become less cooperative, and are more likely to take credit for things they didn't do. It's not even that I blame anybody, I can perfectly understand wanting to protect yourself. I just think it's incredibly sad.

Anyone in finance care to comment on what's going on with you guys ?

Hearing about large scale layoffs.... How many are affected, when is it happening/how long do they think it will take?

Heard something that made me laugh out loud. HR talking about not “buying” technology platforms as we can build everything ourselves via Citi Stylus. Citi Stylus is a good tool but is it to the level of building enterprise level AI platforms? Not a chance. Good luck to us all and dealing with these HR muppets who sit in their glass towers having no idea what’s actually going on. Delusional. Watch the layoffs start as a result of poorly built internal AI tools to only go on a hiring spree to try figure out how to fix it. Incompetence at its finest.

They're either being laid off or pressured to quit. I don't know what an advantage of getting rid of the best part of your workforce could be either in the short or the long run. Shouldn't we be making sure they remain here? Isn't that what a good company would be doing?

I believe its another month before Aus moves to Woodside. Hows the mood there? Heard the first thing they're getting rid of is PDS.

Toshiba International Corporation is laying off 67 workers. These layoffs will occur at its Houston, Texas facility. The changes are effective this September. The company cited a plant closure as the reason. The specific plant closing was not identified.

Houston, Texas

https://www.houstonchronicle.com/news/houston-texas/trending/article/toshiba-houston-lay-offs-22287409.php

This place pays cr-p, is unsafe, toxic, and with horrible management. I'm not sure why anybody's goal would be to stay at US Foods long term. I've been looking for something else for a while as it is, getting them to pay me to leave would truly be a dream come true.

Presbyterian Healthcare Services announced 150 layoffs. These layoffs affect administrative roles. The affected positions are not in hospitals or clinics. The organization will also discontinue most Medicare Advantage plans in 2027. Direct patient care roles will remain unaffected.

Albuquerque, New Mexico

https://www.koat.com/article/presbyterian-layoffs-albuquerque-new-mexico/71475392

GitLab announced a restructuring plan impacting its global operations. The company is cutting 350 jobs, which represents about 14% of its workforce. Shares climbed after stronger-than-expected sales and an improved annual outlook. GitLab's revenue increased 23% to $264.2 million for the recent quarter. The company is promoting its new Duo Agent Platform for AI software tasks.

San Francisco, California

https://ts2.tech/en/gitlab-shares-rise-on-stronger-ai-outlook-350-layoffs-announced/

Children's Aid Society London and Middlesex issued layoff notices. At least 23 workers will be affected starting in September. The agency faces a $5.6 million deficit this year. Union representatives worry about increased workloads and staff burnout. These cuts follow recent union bargaining and chronic underfunding.

London, Ontario

https://www.cbc.ca/news/canada/london/london-ont-children-s-aid-workers-worry-layoffs-could-hurt-youth-and-families-9.7219646

I have been gone from Boeing for less than 5 years. Not long in the grand design, but long enough to compare.

The corporate world su-ks. The type of people who make it to management in all companies su-k.

All things being the same, I'd rather work for a company that su-ks with great benefits than a company that su-ks with less than stellar benefits.

I'm going to be ripped for this, but yes, I'd go back to Boeing. Its sh---y but the 10% match in the 401k will get me out earlier and the cost of insurance is the lowest I have ever found.

I'm not going to be happy at work anywhere, so I might as well have my pockets full.

Monroe School Transportation Inc. will lay off nearly 200 workers. This follows a competitive bidding process for school transportation services. Transpo Bus Service secured the new contract, replacing Monroe. Transpo's co-owner is offering positions to the affected Monroe employees. The Department of Labor also met with workers to help guide them into new jobs.

Rochester, N.Y.

https://www.whec.com/top-news/nearly-200-rochester-school-bus-workers-facing-layoffs-offered-jobs-with-new-transportation-company-transpo-bus-services/

In the current climate of layoffs, no one wants to speak up, even when senior management is demonstrably wrong about the root cause of an issue. But hey, we told the regulators before we did any work, ergo it must be true right?

Sparhawk may face layoffs or closure. The company filed a notice with the Department of Workforce Development. This action follows Sparhawk's bankruptcy filing. Sparhawk Trucking and Sparhawk Truck and Trailer are actively seeking a buyer. The bank currently allows the companies to operate as usual.

Wisconsin Rapids, Wisconsin

https://www.wisconsinrapidstribune.com/story/money/2026/06/02/sparhawk-trucking-files-notice-of-potential-layoffs-or-closure-as-its-works-through-bankruptcy-case/90374798007/

https://www.healthcare.digital/single-post/oracle-cerner-potential-acquirers-of-oracle-health

"A Private Equity consortium led by a firm like Thoma Bravo or Francisco Partners is the most probable successor. This structure satisfies several competing requirements: it provides Oracle with an immediate cash infusion to fund its GPU clusters (satisfying the liquidity crisis), it bypasses the most severe antitrust hurdles associated with a Microsoft or Amazon acquisition and it allows for a "neutral" platform that could potentially stabilize the customer base."

Conclusions: Sell off Oracle Heath, ORCL needs the cash ! New CFO is the Grim Reaper !

Most likely from next week on.

After about 15 years of experience in GN&T my sincere advice is to move on and leave the toxicity behind! Don’t waste your time analyzing the future of the company, the impact of Dan’s decisions, the impact of AI, or whatever. Who cares? It’s a toxic environment and you need to get out.

At first, I thought I had drawn the short straw and got an incompetent and unethical boss who did his utmost to promote his rather incompetent favorites while holding back much more capable engineers but as time went on and positions got reshuffled, I realized it was a widespread and systemic issue.

All my bosses were fundamentally clueless about how to really improve network KPIs and relied on vibes. The company spent a lot of money on the network which masked the incompetence to a large extent.

Some people did well and got promoted to Principal or Distinguished engineer but paradoxically their work resulted in little or no concrete improvements. The promotions were also based on vibes.

You deserve bosses that know what they’re doing, treat you fairly and value your contributions! So do yourself a favor, move on as soon as possible and don’t look back.

We have been losing AUM in Wisconsin hand over fist. Minneapolis has experienced similar losses after their two top teams walked out the door. Texas is losing money hand over fist. Kansas City is losing assets and advisors. When is someone going to look at "leadership," and finally make some changes? I don't know if it's possible, but I am guessing they will find someone even worse to take over for DF. On BL's call, she repeated talked about the $2BN in assets that has left. What do they think is going to happen here? You cannot simply rely on mortgages to carry the day.

Don't know if this is the right place as this board mentions layoffs, but lately there have been no layoffs yet people are quietly disappearing from IBM. They are handed out a PIP and then right after the end date they are gone. Does anybody know of a good attorney who can take up the case for wrongful termination?

35% reduction for VCG, notifying in July
OP: @an+1kt4wbswz

Anyone else? Got told last day is 6/6/26, ironically enough. On the east coast. Not even sure if all my coworkers are aware yet either. Next steps are basically severance or reapply to a role nearby and hope the rsm likes you. Had another friend find out the same thing at his store in the south as well.