#layoffs

This company is bloated with management, too many. So they lay off good engineers to keep their job safe.
Very unethical behavior at L3. Government needs to assess before awarding any further contractsm

WSJ's coverage.

https://www.wsj.com/business/ibm-to-lay-off-thousands-of-employees-before-end-of-year-3b293c50

Tech company said cuts, scheduled for the current quarter, will affect a small percentage of its workforce

By: Sebastian Herrera |
Updated Nov. 4, 2025 5:18 pm ET

International Business Machines is cutting thousands of jobs this quarter, the latest company to shed workers as it seeks to reposition its business in the age of artificial intelligence.

The tech company said the layoffs will affect a low single-digit percentage of its total workforce. IBM employed about 270,000 globally as of the end of 2024. The company didn’t further clarify how many people it would cut.

“IBM’s workforce strategy is driven by having the right people with the right skills to do the work our clients need,” a spokesman said. “We routinely review our workforce through this lens and at times rebalance accordingly.”

IBM joins a growing list of companies shedding workers, propelled by a shift in C-suite offices toward using AI tools and pushing for efficiency among rank-and-file employees.

Amazon.com announced layoffs last week that affected roughly 14,000 roles. United Parcel Service recently said it had reduced its management workforce by about 14,000 positions over the past 22 months, and Target recently shed 1,800 corporate roles.

Large employers have been making deep cuts to white-collar jobs, with many executives preaching a leaner approach to their businesses.

At Big Tech companies like Amazon and Microsoft, cuts have come at the same time the companies have poured billions into building out data centers and other AI infrastructure. Many companies are embracing AI, hoping that it can handle more of the work that some well-compensated white-collar workers have been doing while making others more productive.

Investors have also pushed chief executives to operate more efficiently with fewer employees.

Based in Armonk, N.Y., IBM is trying to position itself as a leader in building the world’s first viable quantum computer. It is competing with Google, Microsoft and a number of startups to build computers that exceed the abilities of the best conventional ones. It is working on larger clusters of quantum chips that it expects will enable large-scale computing in the next five years.

Chief Executive Arvind Krishna recently said IBM has used AI, specifically AI agents, to replace the work of a couple of hundred human-resources workers. That has enabled it to hire more programmers and salespeople, he added.

In October, IBM posted higher revenue in the third quarter, boosted by higher-than-expected growth in its consulting business. IBM has had other cuts since 2024 that affected marketing, communications and other teams.

Palm Bay Engineer. Any idea how many

…are big layoffs far behind?

American Airlines is cutting a small number of management and support jobs, mostly at its Fort Worth headquarters. AA says it's adjusting its workforce to match current needs.

Job cuts in October hit 153,074 - up 183% from September and 175% from last year. Highest October since 2003.

Tech sector cut 33,281 jobs, nearly 6 times September's number, due to AI changes.

Total for 2025: 1.1 million cuts, up 65% from 2024. Worst year since 2009.

People losing jobs are struggling to find new ones quickly.

Source: CNBC

https://www.cnbc.com/2025/11/06/job-cuts-in-october-hit-highest-level-for-the-month-in-22-years-challenger-says.html

If you are looking for people to lay off, look at representatives with higher than normal charge backs. They obviously don't sell with integrity or to a customers need. These are the people pushing customers to leave in droves because of useless overselling. Just costs the company money and dilutes customer happiness in all.

Anyone left in Galway after recent layoffs?

Severance package was updated effective 11/1, that other poster was right

It's gonna be a fire sale.

L3Harris is laying off elderly and remote employees, giving them cash payment to not pursue a law suit.

It’s pretty clear that there is a direct correlation between the company turning its self around and the non viable employees being thrown over the rails.

That there is a direct correlation between the stock price and the continued turning of the ships heading.

The Farther it turns, the more employees that then go overboard, the greater the stock price..

Looks like the business world, likes what Kate’s doing!

Looks like the internal folks are losing out to the mercenary contractors.

You know the people who get paid for their results vs those who get paid to be a demographic..

https://finance.yahoo.com/news/layoff-announcements-surged-last-month-120353344.html

Worse October for layoffs since 2003. Layoff levels reaching 2008 levels. It's time we start recognizing the fact that AI is impacting jobs. You may think AI can't take your job, but it doesn't matter if you are right, because c-suite thinks it can. Perception is reality, and this is our new reality.

Maybe they eat crow in a year or two, but right now, it's hard to ignore the cold hard truth: AI is leading to job loss.

Of course it’s a rumor but…. Has anyone else heard of layoffs coming to the default world (Collections, Recovery, operations)? I have always had good connections here but I am relatively new. curious if someone else can validate what I heard. From what I heard there were going to be changes in Q1 2026 on top of what is happening now.

WWD EXCLUSIVE: Saks Off 5th Sets Nine Store Closings
The off-price retailer within Saks Global did an extensive review of its store fleet, examining market dynamics, lease expirations and customer behavior, among other factors.
By
DAVID MOIN
Plus Icon
NOVEMBER 5, 2025, 4:43PM

Saks Off 5th, the off-price retailer within Saks Global, will close nine of its 79 locations beginning in January, WWD has learned.

• [ ] The decision to close stores follows an extensive analysis of the fleet, including market dynamics, lease expirations, customer behavior and long-term business potential, to focus more on high-performing and high-potential locations.
  “We have identified opportunities to optimize our Saks Off 5th store presence, through both initiatives to drive performance and elevate the customer experience, enabling us to place greater attention to our high-performing and high-potential store locations, and refinements across our store footprint,” a spokesperson said in a statement. “As part of our ongoing and comprehensive strategy, we have taken a critical eye to our store footprint and will be closing select store locations in early 2026. We are confident this will better position the Saks Off 5th business for long-term success and look forward to continuing to deliver for our customers.”

Saks Off 5th is also vacating its 57th Street location in Manhattan, located in an office tower at 125 East 57th Street near Lexington Avenue, as previously reported. The property was sold to a new owner, who plans to create residences on the site, meaning there will be construction disrupting business at the store. One source said that due to the impending construction, which is seen occurring over at least two years, Saks Off 5th decided to vacate the space. It’s not clear whether other factors were involved in the decision. However, the store will continue to be open for business through the holiday season.

Asked if there will be more Saks Off 5th closings beyond the 10, the company indicated in a statement, “Through the regular course of business, we continually evaluate store performance and, from time to time, may determine it necessary to reformat or close a store.”
However, while closing certain Off 5th stores, Saks Global said that it is making some investments in better-performing Off 5th stores. “We have been piloting new initiatives, including initiating capital enhancements in certain stores, elevating our selling model and enhancing our in-store assortment. We look forward to extending our learnings across our top locations,” the company indicated in its statement.

The nine Saks Off 5th closing next year are on State Street in Chicago, and in Austin; East Hanover, N.J.; Philadelphia Mills, Pa.; Niagara Falls, N.Y.; Pittsburgh North, Pa.; Plymouth Meeting, Pa.; Washington, DC, and West Hartford, Conn.
Saks Off 5th is providing for those impacted by the closings with transfer opportunities to nearby Saks Off 5th locations where possible, and eligible full-time colleagues will be offered separation packages consistent with the company’s severance plan.
As part of a management shakeup at Saks Global disclosed last month, Kim Miller, who was president of Saks Off 5th, shifted to chief customer officer, a new corporate position. Genny Siller, who was vice president of merchandise planning at Saks Off 5th, became senior vice president and general manager of Saks Off 5th, reporting to Marc Metrick, chief executive officer of Saks Global. These and other management changes at Saks Global were triggered by the departure of Emily Essner, who was president and chief commercial officer.

hey if you get riff'd ,theres nothing you can do,pick yourself up and move on crying about it on this site does nothing for you.

Hey all. Be aware that I have on good on great authority that a small round of layoffs for HQ employees is planned. Gather your personal things discreetly of course before the week ends. Best wishes colleagues.

Employee on Reddit posted about forthcoming IT offshoring.

https://www.reddit.com/r/Rochester/comments/1opycgo/constellation_brands_lays_off_90_of_their/

Curious….has anyone who received an ISP found a job yet? This market is brutal and I feel like I’ve been blacklisted. Since early September I’ve only had one real interview and three “networking” calls. I actually had a recruiter say ‘they (Edward Jones) doesn’t do product development like everyone else’. I’m beginning to freak out with November 14th being next week.

If you really want to know... check out this reporting site. Get all the details!

:https://layoffdata.com/company/wells-fargo/

Who says they won't lay us off during the holiday? This report proves they will!

Leadership was couped by "the West". Legacy BMO employees are treated like garbage by the actively hostile management from "the West" and never considered for advancement.

The management that ran botw into the ground is tearing down all the guardrails that made BMO a stable bank. They constantly lie and gaslight.

Now they're laying off a bunch of people off right before the holiday season. This company has been corrupted by the toxic culture from the West.

I know folks in tech, HR, and management who were impacted.

This is crazy!! After 18 years I just found out I’m getting laid off. The expats are untouched yet I am expendable!! I hate this place. So glad I’m officially done.

Naturally no one who is actually bad at their job just random selection. 😄

Job cuts for October totaled 153,074, a 183% surge from September and 175% higher than the same month a year ago. It was the highest level for any October since 2003 and has been the worst year for layoffs since 2009.

Companies in the technology sector announced 33,281 cuts, nearly six times the level in September.

Credit Admin was told to work from home due to ceiling repair. The following week layoffs came. Turns out there was no ceiling repairs. They needed all the admins at home to give them the boot via zoom.

Run for your lives. More layoffs incoming.

Optum wants so desperately to be a leader in consumer health, but is COMPLETELY out of touch with consumers. The consumer executives: Rita Kahn, Katie Schumacher, Robbi (ROBERTA) Thatcher have NO idea how to run a best-in-class product org. From process, to roles, to strategy, to roadmaps, etc. It’s a performative executive DEI club. Also recently added: Benson Chan, a waxy-looking self-indulgent Canadian who is a a big phoney and previously fired from Amazon Alexa. These people don’t lead, are not motivating and aren’t close to the work at all. They just repeat the same talking points at town halls. In 2026 they are injecting $55M of new capital into…. wait for it.., a chatbot called “Optum Companion” that doesn’t actually do anything better than before. Do consumers want this? No! But they will stick it everywhere. It’s more tech determinism cr-p being shoveled at consumers, also led by other executive a--hats like Sandeep Dadlani and Julie Durham who are constantly cheerleading on LinkedIn about AI and “100x” to boost their own personal brands/egos. As for the employee experience and culture, it has become a toxic culture of fear and loathing. Constant rounds of layoffs, and ever increasing return-to-office mandates that can be expected to continue until everyone works in MN or India. The market also agrees, and the stock price has lost practically all gains over the last 5 years. “Healthy Optum-ism” is a hilarious new attempt to revive a failing brand, but is so cringe, it’s unbearable. If you survived this latest round of layoffs (read: firing squad), then I wish you luck, but honestly, do you want to work at a soul-su-king place where you’re always looking over your shoulder wondering if your number will be called next. F this place. Let it burn to the ground.

Since I’m seeing people worried about layoffs, should I decline if a position is offered to me? I had an interview that went well but I don’t want to end up getting sc--wed over by leaving my current company if I am offered a job with Cigna and end up being laid off a few months down the road

Well, we all knew it was gonna happen sooner or later. Here we go again. More layoffs.

I have landed a new job after being laid off at Optum (so there is hope and rest assured there is life after Optum). As I meet new colleagues and mention my background the recurring theme is “I have a few buddies over there and all of them are desperately trying to jump ship” or similar. On the other side, I have had job seeking friends and even a recruiter I used in past reach out and say “I am looking at a posting there but I hear it’s just terrible” etc. it seems anecdotally that word has hit the street and if when this offshoring fails and they try to refill in US it might not even be possible to get anyone good.

"...Red Hat, has recently slowed, which analysts believe could be a factor prompting the current restructuring." https://www.techrepublic.com/article/news-ibm-layoffs-november-2025/

Why is so urgent that surveys be done? Are they used to target reductions?

Hey folks. Today is a sad day for the employees who are leaving the greatest company in America. I wish you all the best, and I am sure it would be difficult to find another company as employee centric as ATT. Please continue to use ATT products and services as we need OUR stock to be in the high 80's (minimum). Love ya'll.

39K before acquisition, how about now?
How far to go to reach 7K or another number?

I keep seeing posts on LinkedIn and places that it’s a reset and Fiserv is a legacy company etc, I worked at Fiserv for 9 years and loved the place. What I saw post merger with First Data, is atrocious. The amount of layoffs and the total dismantling of a great company for short term goals should be downright illegal.

Frank is absolutely responsible for where Fiserv’s stock sits today. Instead of building on what made Fiserv great—long-term, recurring contract value driven by core processing relationships—he chased short-term gains. The repeated rounds of layoffs might have bumped margins for a quarter, but they stripped out the expertise and continuity that sustained core revenue for decades.

He never truly understood the value of the core franchise. Instead of strengthening those contracts, he diverted focus to Clover, which is built on shorter-term merchant agreements that simply don’t offer the same stability or lifetime value. That shift toward quick wins and short-cycle contracts is exactly why the long-term fundamentals have weakened.

In the end, he traded durable revenue for momentary optics—and the stock price reflects that.

Working on an AI focused project in Software and my entire design team got RAed.

https://www.computerworld.com/article/4084865/ibm-to-cut-thousands-of-jobs-as-red-hat-growth-slows-2.html

Hey everyone, just wondering if anyone’s heard anything about potential redundancies or layoffs at PayPal in the new year? There’s been a bit of chatter lately, but nothing concrete, so I’m curious if anyone’s picked up on any rumours or has a general sense of what might be coming down the line.

"IBM presently has 2,840 job openings in India, 376 in the US, 228 in Japan, 225 in the Philippines, 127 in the UK, 112 in Canada, and 96 in Mexico."

https://www.theregister.com/2025/11/04/ibm_cutting_several_thousand_jobs/

Job advertised does not mean job available.