#layoffs

Posts mentioning hashtag #layoffs

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Training department layoffs

Today, myself and several of my colleagues in Learning and development were laid off in a round of “reorg.” This was the third reorg in 3 years. They had announced a reorg over a month ago, but when executives were asked about layoffs during a meeting, they evaded the question. Today, they also refused to disclose how many people were affected.

This company is absurd. Every October, they conduct layoffs. The executives should be the ones laid off.

Im still waiting to hear about the severance package. Anyone know?

#Layoffs #Reorg #Training #Severance #Healthcare

OceanFirst Bank announces 114 job cuts in mortgage shift

  • OceanFirst Bank to lay off 114 employees
  • Cuts tied to exit from residential loan origination business
  • Bank to partner with Embrace Home Loans for mortgage services
  • Move follows recent hiring in commercial banking expansion

https://njbiz.com/oceanfirst-bank-layoffs-nj-mortgage-shift/

#Layoffs #WorkforceReduction #Banking

My heart goes out to everyone impacted

But for the rest of us - run. Start putting yourself first, because no company ever will. If you’re not already looking at other options, you’re late. Don’t kid yourself that loyalty, long hours, or dedication mean anything. They don’t. Your skills are yours alone. Treat them like currency and use them for your future, not for a company that’ll cut you without blinking.

#Layoffs #Morale #WorkLifeBalance

This is getting to be too much

I’ve already come to terms with probably losing my job, and honestly, I couldn’t care less about this sh---y company anymore. What’s worse is I don’t even have the energy to stress about finding the next job. I’m just exhausted, like I assume most of us are. I don’t even know how to properly process this. Layoffs aren’t new to me, I’ve been through them at other companies, but this time it feels different. Thanks to the constant uncertainty, lack of opportunities, and daily tension, it feels like a deep, lingering malaise.

#Layoffs #Stress #Morale

Pine Gate Renewables’ Blue Ridge Power to Lay Off 517 Workers as Business Closes

An engineering, procurement, and construction solar company, Blue Ridge Power, will be laying off 517 employees across its Asheville and Fayetteville locations as it winds down operations. The layoffs, which will affect 348 workers in Fayetteville and 169 in Asheville, are scheduled to take place by November 18. This decision was communicated through a Worker Adjustment and Retraining Notification (WARN) filed with the North Carolina Department of Commerce.

https://news.ssbcrack.com/pine-gate-renewables-blue-ridge-power-to-lay-off-517-workers-as-business-closes/

#Layoffs #WorkforceReduction #Renewables

HR/TA job jeopardy?

With all the go slow, make offers, hold off on offers, requisition review etc. etc. just wondering where it’s all going for the staff on the front lines who hire when the company continues to lay off…it just seems so odd. Never experienced such a conflicting corporate message. Thoughts on what will be for us in HR/TA?

#HR #Recruiting #Layoffs

Another round in 18-24 months - never ending!!!!!!!

Heard this from the HR slaves and also people close to functional leadership - there is another round coming within 18-24 months to further reduce “fat” - wow. Better luck next time jumping off this sinking ship of utter gloom and doom. The leadership and managers remaining are all nepo lovers and love the brown nosing incompetent “friends”. More with less. Woohoo!

#Layoffs #WorkforceReduction #Leadership #Nepotism

Wisconsin Labor Law

https://dwd.wisconsin.gov/dislocatedworker/employer/tools/notice/wbcml-overview.htm

Covered employers must provide written notice 60 calendar days in advance of a business closing or mass layoff or reduction in hours.

Employers generally are covered by the WBCML law if they employ 50 or more persons in the State of Wisconsin and Make a reduction in the workforce which affects at least 25% of the workforce or 25 employees, whichever is greater or at least 500 employees.

Two or more groups of employees who are affected during a 90-day period may be considered in aggregate when determining whether the business closing or mass layoff thresholds have been met.

#WARN #Layoffs #Policy

On the recent Quarterly earnings, Larry said:

“As an application company, we knew we had to start generating our applications. We just couldn't do it with armies of people anymore. We still need people, don't get me wrong, but the number of people we need is substantially less. We can build/generate much better applications than we can hand-build. We've been working on these AI application generators for some time, and we're actually using them. The thing is, we're not just building application generators. We're building application generators, and then we're building the applications, which gives us insights to make the application generator better.”

Conlusuin:,Most laid offs employees have been replaced by AI

#AI #Layoffs #Automation

Bloodbath in Global Functions today (for Group 1 - AMER)

Worst day in the history of this company, most of the people were laid off - global functions, AMER region.
Half of the people who got the letters have time only till Jan 23, then they will be laid off.
For rest handful of people, package is same, rest benefits go down, specially the bonus was reduced to less the 50% of the current one.
Curious case, a web marketing leader with 13 years was laid off, in comparison to a leader who just joined the company in July.
So much politics, so much biasness.

For Group 2 and Group 3 - leave while you can, only those will survive who are good at licking.

RR sold this company, sold the lives of thousands of people, shame on him.
worst CEO in the history of this industry.

#Cuts #Layoffs #Layoff #WorkforceReduction #Reduction

Today Felt Pretty Petty and Bad

Today felt pretty bad. The kind of bad where reality and optics are completely out of sync. While Oracle stock surged and leadership paraded promotions and new CEO appointments, there was no mention of the thousands of employees who had just been cut loose. No headlines, no acknowledgment — just silence.

For those who lived it, it wasn’t celebration; it was a gut punch. Families were left scrambling while Wall Street cheered. Real people — with mortgages, medical bills, kids in school — were collateral damage, erased from the story because their pain didn’t fit the narrative.

The cruelty is in the contrast: executives heralded for “transformation” while entire teams vanish without recognition. And it doesn’t stop here. More cuts are coming. Everyone knows it.

Pair that with Larry open alignment with Trump and the company’s growing grip on sensitive data, and the ethical rot becomes impossible to ignore. This isn’t strategy; it’s cynicism. It’s corporate America at its most hollow.

Today felt pretty bad — not just for the people who were cut, but for what it says about what’s celebrated, and what’s forgotten.

#Layoffs #Ethics #Leadership #WallStreet

Surprised no lawsuits have been filed

The pattern seems obvious they’re purging older workers and this has spanned multiple years now.

It sure seems like they’re really straddling the legal line regarding age discrimination.

It’s obviously difficult to prove from a legal standpoint, but there are so many stories regarding the pattern it’s hard to not see it.

#Ageism #Layoffs

EchoStar Flush With Cash Should Payout!

Hoping that EchoStar does a big fat share buyback or adds a nice dividend. Unfortunately, they're a very poorly run company and will end up using this as an excuse for layoffs. This stock (accounting for Dish as well) has been an Out & Out disaster play that's still under water.

EchoStar expects to have $24 billion in cash after spectrum sales, debt payments

September 15, 202

EchoStar (SATS.O) said on Monday it expects to hold $24.1 billion in total cash after using proceeds from its spectrum license sales to repay debt, bolstering its balance sheet and supporting growth in wireless, satellite and technology sectors.
The satellite communications firm sold some wireless spectrum licenses to AT&T (T.N), opens new tab for $23 billion and SpaceX for about $17 billion after the Federal Communications Commission questioned EchoStar's compliance with buildout extensions and use of mobile-satellite service spectrum.

The cash proceeds from the recent spectrum transactions will be $31.2 billion and the company will have a debt repayment of $11.4 billion, EchoStar CEO Hamid Akhavan said at the World Space Business Week in Paris.
It had cash in hand worth $4.33 billion, as of June 30.

The U.S. FCC said last week it would terminate its investigation into EchoStar over its slow deployment of 5G services in the country after AT&T, SpaceX deals.
"The hand that we were dealt by the FCC was one that there's only one logical path that we were going to be able to take," EchoStar Chair Charlie Ergen said at the same event.
Akhavan said a portion of the spectrum remains in house including in the AWS-3 band, which is deployed in all of the major national carriers.
EchoStar said it would focus to grow the Boost Mobile hybrid MVNO (mobile virtual network operator) by using AT&T's network and integrating satellite connectivity through Starlink direct-to-cell service.

The transactions with AT&T and SpaceX are still subject to FCC approval.

EchoStar will continue to operate its satellite television service Dish TV and streaming TV platform Sling, while shifting its internet service Hughes toward enterprise customers.

#Layoffs #Compensation

Rip the bandaid off already

Rumors were circulating that the layoff rumors were to keep people on their toes and to make them work harder… that will only last for so long, we’re tired now. Productivity in my department is at an all time low. Entry level people are playing politics games, when they shouldn’t even be exposed to that. My whole department is such a sh-t show now and it’s getting to a point where there’s no turning back.

#Layoffs #Morale #Culture

Magical layoffs. They exist only if they’re mentioned.

I mean… it’s beyond ridiculous that leadership refuses to acknowledge layoffs that have happened, are happening, and will keep happening until who knows when. The gaslighting is unreal, and so is the complete lack of the most basic requirement of leadership - owning up to actions and their consequences for the people you lead.

#Layoffs #Leadership #Gaslighting

GOA Exploration—A Masterclass in Missed Opportunities

Let’s talk about GOA exploration. Or rather, let’s talk about whatever this slow-motion implosion is pretending to be. Because calling it “exploration” at this point feels like calling a flat tire a transportation strategy.

The whole thing is a total fiasco. No clear goals, no coherent plan, and absolutely no accountability. It’s like watching a group of people try to build a rocket using IKEA instructions written in crayon. Every meeting feels like déjà vu—same confusion, different day.

Now let’s get to the real issue: leadership. The level of professionalism among the managers and team leads is so low it’s practically subterranean. We’re talking about folks who confuse noise with strategy, who think “mentoring” means forwarding a link to a webinar, and whose idea of technical excellence is copy-pasting last year’s slide deck. It’s not just unprofessional—it’s actively counterproductive.

And then came the layoffs. And guess what? The good people—the ones who actually knew what they were doing, who brought real value, who kept the wheels turning despite the chaos—they were the ones left standing. Not because they were protected, but because they were overlooked. Somehow, the folks who could’ve helped fix this mess are gone, while the ones steering it into the ditch are still calling the shots.

It’s frustrating to watch talent get wasted while dysfunction gets promoted. If GOA wants to be taken seriously, it needs a hard reset—starting with leadership that knows the difference between a basin and a buzzword.

#OilExploration #Leadership #Layoffs