#layoffs

I hope everyone being laid off will land on their feet soon. And I truly hope this will be the last round of layoffs for a long time, because these cuts hurt not only employees but also our patients.

KPMG has cut 195 people from its US audit business to counter low employee turnover rates and changes in how it conducts its core business.

Employees learned earlier this week of the layoffs that hit just over 2% of KPMG’s US audit workforce, according to a person familiar with the company’s operations.

https://news.bloombergtax.com/financial-accounting/kpmg-cuts-195-us-audit-staff-in-fourth-layoff-in-three-years

Apparently leaders are being asked to stack rank their people in US (October 2025).

…Assuming this includes Canada too.

So there is an All Employee call on the 23rd. So i guess that means there wont be a layoff on that day? Who knows

https://www.reuters.com/business/autos-transportation/gm-takes-16-billion-charge-it-reassesses-ev-plans-2025-10-14/

Can’t wait until EOY reviews….

Arden and Jacobsen are probably already planning more headcount reductions…..

I had a frank talk with my manager this morning, who is a long-time friend.

Asked if I wanted a "retirement" package, as layoffs will continue until there's profit. My manager may get the cut, but will try to get me on the cut list if I want a package. VPs are dropping hints to management that this might be the last opportunity to get nominated for a package before it goes to HR formulas.

Also mentioned that there's not much future for the younger ones here at the moment, as they're offshoring much to lower-cost geos. Thus, if anyone gets a good offer, don't wait; just seize the opportunity and move on. I can't see light at the end of the tunnel for the near future.

Asked about the $5B Nvidia deal. Basically, I think it's a forced donation, and there is no clear direction on how to execute it yet—too many meetings without a runway. Our dev team is gearing up for this, but $5B won't get very far. If funds run dry, this may get moved to a lower-cost geo or ZBB.

Also, they said that there will be light at the end of the tunnel, but not in the near future, and I'm not sure how many of us will fall off the wagon as we travel along. Thus, the personal anxiety and stress may not be worth it.

Was today October 15th really that bad? Yes, it is sad people have lost their roles (unless they wanted to of course) but I have only heard of a handful of names. From previous posts you thought there would be 1000+ Anyone know total number of colleagues who left us today?

So, how many ppl got displaced yesterday? Am I missing where it’s been mentioned in here already?

Acknowledge if impacted this cycle. There are numbers out as large as 7000 LRed this cycle as notified on Aug 13, 2025 but there is no formal place to sum it up. Are WARN notices available and what age group employees with locations impacted…. This is a whole mix soup, everyone served different.

How is the job market outside… hearing pathetic stories…

The call center has laid off a significant portion of its American call center representatives and plans to retain its foreign representatives. This is devastating, and I didn't see it coming at all.

1. Lay off the people who do a task.
2. Don’t assign anyone else to the task.
3. Be surprised when the task doesn’t get done.
4. Profit?

Ok, so the email confirming 80 layoffs came out today. Why wasn't Walgreens on the WARN list? I check it daily to try and guess when I'm going to get canned. I guess it will be a total surprise. How fun!

Several orgs impacted. Small numbers but shedding in preparation of a big divesture in the making.

Get ready to take it hard without lube. 10% at a minimum are going to get it. Some areas a lot more

If any of you were around in 2015 (I think?) for the layoffs/merch transformation— what was it like? Was it devastating and terrible? Did morale plummet? I’m trying to brace myself for what’s to potentially come, and not just the mass layoff itself but the entire gravity of the situation. I’ve been at Target since 2018 but I’m still young, not married, don’t own a house, etc. If I lose my job I don’t know what the he-l I’m going to do or how I’ll achieve any of the goals I hoped I would in the next few years. I’m so scared.

How are selections for layoffs being done, who is flagged and who is doing flagging and based on what criteria?

With murmurs about the next round of layoffs being soon, what is the standard severance package? Does it change based on role?

Where are we supposed to find jobs if we're cut when every single media house is currently laying people off?

Layoffs hit NBC News Wednesday, with the network news division facing cuts ahead of Comcast’s spinoff of Versant. About 150 jobs were eliminated, representing about 2 percent of the workforce of the NBC News Group.

https://www.hollywoodreporter.com/business/business-news/nbc-news-layoffs-jobs-cut-ahead-msnbc-cnbc-split-versant-1236401602/

Just to make sure nothing has changed and there have been no reductions.

Can somebody please tell me how are people getting notified?

The few people I know who were cut are all in their 40s and above. Was that intentional?

After half our team got cut, things have been brutal. We’re all doing twice the work for the same pay and pretending it’s normal. No new hires, no plan, just endless burnout and silence from management. I'm not sure anymore who got lucky, us or those who were let go.

Constantly new changes, every few weeks there’s another round of layoffs, now this RTO cr-p... You start to wonder if it’ll ever stop. Most of us are exhausted and anxious, and are just waiting for the next announcement. That can't be good for productivity, not at all.

Citing financial challenges and economic uncertainty, the Lucile Packard Children’s Hospital is preparing to reduce its workforce by 87 positions in December, according to a notification that the Palo Alto medical institution filed with the state this week.

https://www.paloaltoonline.com/health-care/2025/10/14/dozens-face-layoffs-at-lucile-packard-childrens-hospital/

Has anybody? Where are we with layoffs?

Federal workers are starting to feel the pinch of the partial government shutdown as the Trump administration implements workforce reductions across the EPA and Energy Department and essential aviation workers go without pay.

https://rollcall.com/2025/10/15/epa-doe-employees-face-layoffs-aviation-staffing-worsens/

I am not sure how some of these so called leaders make it to the top. But, that is one issue. What really boggles my mind is how so called leaders make decisions at one company. The first company turns around and reverses mistakes that leader made. Then a second company hires this leader to come to the new company and do the same thing. For example, Citi laid thousands of people off under DC's "leadership". Citi found out his vision was not sustainable. Citi has since reversed many of his decisions and hired people back. Some people have already moved on. Then what mystifies me is why does Penny Pennington and the powers that be at Edward Jones turn around and hire DC who has proven himself to be a failed leader? Penny Pennington has brought DC into the flock knowing full well that he is a wolf in sheep's clothing. DC is doing the same thing at Edward Jones that he did at Citi. I have seen many really good people who are really good at what they do get laid off to an extent that this model is unsustainable. After DC packs his bags and moves on to the next company to do the same thing Penny Pennington will have to rehire many people she and DC laid off. DC is a mercenary who goes from company to company cutting people and doing things that most people cannot do and be able to sleep at night. The first time I ever saw DC he was having a TED Talk moment in the South Campus Auditorium where he was talking about the movie Zoolander 2 of all things. He was also lecturing us about the culture of Edward Jones (people who had been there for 25-30 years). He said his favorite movie was Zoolander (that should tell you how deep of a thinker he is). He was using some salty language when he was speaking about Zoolander 2. The thing was he was saying it in front of the empty chair on the stage. As we all know the empty chair represents the client. We all have been taught to not say anything in front of the empty chair we would not say in front of a client. But, there was DC lecturing us all about Edward Jones' culture and how bad Zoolander 2 was. It was so surreal having been in the auditorium in the past listening to past managing partners like JB, DH, and JW. On the same stage years later is DC obsessing about how bad Zoolander 2 was. It was the strangest thing ever. But, this is the man Penny Pennington has hitched her wagon and her legacy to. It has become bad. It is going to continue to get worse. The Penny Pennington era at Edward Jones will be looked on as a dark time in the firm's history. When DC has done all the gutting Penny Pennington has hired him to do he will pack his bags and move on to the next company prepared to destroy the lives of the very people who built it. That is just what DC does. I guess he can sleep at night. I do not think anyone with a soul could sleep at night though. You knew who DC was when you brought him on. Shame on you, Penny Pennington, shame on you.

What's getting hit? Any news?

That means we're going to pause bi-weekly layoffs for a while, right? No need for it anymore, right? Right?

Yeah, I didn't think so.

When?

Jobs are scarce, and those that are available don't pay as much. I was worried about being laid off as is, but that's made me stress even more. I really hope the ones affected are those who actually have options and want out (and I know a few of them) and the rest of us are safe.

More layoffs, more lost benefits, more reorgs, more of the same. I've lost any hope I had that things might by some miracle improve.

Any more cuts?

We have people who can be cut who contribute absolutely nothing. People who go from one meeting to another regurgitating the same points over and over again with nothing new being said or decided. Yet the ones being cut are the people who do actual work and who bring actual knowledge to this place. Thanks again, id--ts-in-charge.

I've heard about some movements since last week, and it's still ongoing. It may last until the middle of November across different departments.

Realistically, all of us who work for Xerox know layoffs are always a possibility, but it's still not something that's easy to digest when it actually happens. If it's any consolation, two coworkers left on their own in the last two months, both to new and better jobs, which means that the job market might not be as bad as most of us think. In any case, good luck!

Honestly. Just STFU.

Up to 250 positions will be affected, as announced by Germany HR last week.
Tech LOB affected most with up to 90 positions.