#layoffs

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Severance Packages

I’m hearing conflicting info about what the severance package will be for the upcoming layoff population. Will it be the same as those who decided to leave?? Feels wrong to give ppl who decided to leave the same as ppl who actually still want their jobs. And specifically the insurance/COBRA. Will it be subsidized thru to the end of the severance term?


Cost to BNYM: Routine Layoffs vs Employee Retention

BNYM has been saying they ‘need’ to layoff employees to cut costs for several Years now. How is this still a valid/acceptable statement???
I’d LOVE to see the financial records supporting BNYMs stance to continuously layoff employees, yet have thousand of open Career Opportunities available. It is costly to hire new employees, and layoffs create a fear based environment. Why isn’t BNYM committed to Develop and Retain employees???


Diabetes, not MDT for long but more layoffs

Informed that Minimed MDT will only be keeping contributing rolls and has started to inform individuals to look at other jobs in Medtronic and Minimed or elsewhere. They have until end of year or sooner.

Project managers, excessive middle managers be aware of your 1:1s coming up.


WARN Act 1988

It would seem obvious that the WARN Act will be dismantled shortly since the bill was introduced by a senator who would be shunned today, and passed by a completely different type of congress than we see today. Not surprisingly Reagan did not sign the bill.
No question today's administration will ensure corporations have as much power to layoff as many workers without so much as a grunt. Removing guardrails meant to protect employees is their goal. Pay attention.


A mistake in the making

It’s frustrating watching upper management toss out people with twenty-plus years of knowledge just to make numbers look good for a quarter. I thought we were past this, but I was wrong. The short-term mindset is going to bite them hard down the road. No one seems to care, though.


“Special Award”

Why the he-l is WF making such a big deal about today being the last day to accept the special award and making sure employees accept it. I don’t understand how all this works, but are employees helping to artificially inflate the company stock? I know few people not accepting it out of spite. I mean, 3 years to collect $2k…the argument is, just give me a $0.33 cent per hour increase for the next 3 years rather than making us wait for the full amount when there is a possibility of getting laid off anyway.


This is bad news

Better tighten those seatbelts folks, because sudden CFO exit is always a red flag for costs and strategy changes. CFO departures always raise questions about future capital plans, which may pressure management to cut costs, restructure teams, or slow projects that affect jobs. In other words, we're sc--wed. This will especially affect those in finance, project controls, or field roles, so make sure you prepare for the worst.


You know it's bad if NASA is laying people off

NASA's Jet Propulsion Laboratory said on Monday it will cut nearly 550 jobs as part of a restructuring, not related to the current U.S. government shutdown.
JPL is NASA's only federally funded research and development center. It designed, built and operated all five of the successful rovers sent so far to the surface of Mars.

https://www.reuters.com/business/world-at-work/nasas-jet-propulsion-unit-lay-off-about-550-workers-2025-10-13/


How IBM self destructed in 9 minute video

For those of us who fondly recall working for the most respected company on the planet in the 70s and 80s I think this sad video speaks for itself. This is the destruction of IBM Endicott campus which was a crown jewel of IBM founder and CEO Thomas J Watson for 42 years. He cared DEEPLY about IBMers and had engineers paint buildings rather than lay them off in hard times. Building after building and campus after campus all being bull dozed like this as perhaps the largest and longest RIF reduction in force has been going on since Gerstner came in 93. Since then there has been some recoveries but every IBMer (most from acquisitions now) put their head on the pillow every night wondering if I am next for the RIF or PIP the new trick performance improvement plan to avoid severance. In these building shards generations of IBMers were the best of the best.

https://www.youtube.com/watch?v=6qOck_46ZYc


Another round?

There’s been a lot of predictions on here about more rounds. Anyone got any real intel? It appeared the layoff impacted certain teams a lot more than others. It would make sense that the teams that were spared last time will be next in the firing line. Before Christmas and bonuses? How did they decide which teams were impacted more than others?


Ford is running out of cash, selling off historic assets, jobs are not safe

From the Freep:
For the first time ever, Ford to sell a car from its private vault to the public
Ford Motor Co. is opening its private vault of vehicles, for the first time ever, to sell a rare supercar to the public at auction.

The plan is to use all of the money raised from the auction of the car to renovate and maintain the other vehicles in Ford's Heritage Fleet as well as prepare its GT collection in England for Le Mans next year. Also, Ford said this may be the first of other cars in the fleet to be offered to the public for purchase, the automaker said on Oct. 13.

https://www.freep.com/story/money/cars/ford/2025/10/13/ford-motor-private-vault-sale-ford-heritage-edition-gt/86672990007/


Look at your states WARN Notice

NJ WARN Notice. If Verizon lays off more than 50 people, they may be listed around 10/23.
But not sure if they have to be listed if they give employees 60 day notice. Nokia USA always gets away from being listed. Not sure how.

https://www.nj.gov/labor/assets/PDFs/WARN/2025_WARN_Notice_Archive.pdf