#layoffs

That is awful news for Nike because after collapse of DTC, Nike needs more doors than ever before!!! There are no new stores coming down the pipeline and existing ones are going down the pipe.
I guess that is when you say Nike is stuck in a rock and a harp place!!

Brick and mortar shoe stores are done!!! So it is up to Nike to create new source of doors to move their product.
Brick and mortar is done!! So what Nike should do is open third party sellers in amazon, walmart and ebay to sell in that platform who are there with proven good standing status.
Nike cannot open more independent brick and mortar stores since nobody in right mind will open stores.
So Nike needs to go outside of box and open independent third party sellers in internet!!!

The Plymouth County Sheriff’s Office announced 33 layoffs in early March. These cuts primarily impacted the Bureau of Criminal Investigation. The office cited budget constraints as the reason, aiming to save $3 million. Local police chiefs are concerned about reduced crime scene investigation resources. The full effect on local agencies may not be clear until next year.

Plymouth County, Massachusetts

https://sippican.theweektoday.com/article/plymouth-county-sherrifs-office-layoffs-may-have-ripple-effects-small-towns/157374

Connecticut companies announced over 2,200 layoffs in 2026. Macy's led with 993 job cuts from its Cheshire fulfillment center closure. CVS Health's Aetna unit and Talcott Resolution Life also reduced staff in Hartford. Stanley Black & Decker, IDEX Health & Science, and Guida-Seibert Dairy closed facilities. These job reductions affected various sectors across the state, totaling 2,255 positions.

https://patch.com/connecticut/across-ct/more-2-200-company-layoffs-announced-ct-2026-economic-woes-continue-bite

Montreal's video game industry faces recent layoffs. The sector is undergoing a growing wave of restructuring. These changes are part of a wider global correction. Job cuts have impacted the local industry. This trend has been observed over recent months.

Montreal

https://www.ctvnews.ca/montreal/video/2026/05/24/montreal-video-game-sector-hit-by-layoffs-amid-a-wider-global-correction-in-the-industry/

How many of you will stay (or leave) if the eliminated the pension plan?

Many people post on here about where is all the work going to go with layoffs? None of this has been addressed since VSP 1.0.. We were wasting so much money of useless “projects”, meetings, reviews, slide decks, paralysis by analysis, that the thousands and thousands of people RIF’d have made no significant impact to progress. VZ is changing and those useless projects will all cease once the gutting is done. It’s unnecessary work and those doing to work will not be replaced. The end of VZ as we knew it is happening in front of us, daily. Su-ks, but that’s reality when you are up to your eyeballs in debt and only answer to analysts and shareholders.

I think revenue will continue to decline, staff numbers will decrease every year and the company might survive as a content company , cloud based with around 8k employees

It's also conceivable that content may not even save us as better products become available. If this is the case then the company will likely dissolve in around 5 years time

The constant layoffs, getting treated poorly, the “f* you attitude, acting like vipers, the politics, blaming all from management builds an incredibly toxic environment that we have become products of. When we push back and act short, direct and have the same “f” you attitude management needs to stop clutching your pearl necklaces. you built this, you made this environment. Do you not think we can’t get new jobs? We can, but not before we tell you to go “f” yourselves.

It might not stop there though. We are living in a very dangerous world and it’s important our managers watch their steps.

Remember - you made us.

I can't think of a single reason to stay here, but I can think of about a hundred reasons to leave.

Thank you for your service :).

Any word on if there’s going to go thru with in in New England? Should be soon, the higher ups are in for a surprise if they do. A lot of good talent will be leaving from what I hear..what a joke, let’s make this like 2005 and put these managers in the spotlight and talk about their cr-p numbers that we can easily look up. I can see director and above but individual managers !? Bye bye verizon for many if this happens

Meta's problems cant be solved by current leadership. Its time for Priscilla Chan to step down as CEO.

Most of us hold meta stock either directly or indirectly. This stock will go the way of cisco, ebay, yahoo if changes are not made and soon!

Nepotism has largely captured large swath of the company. Performance reviews no longer mater in those orgs. pip's are unheard of especially If you share the same ethnicity as your manager - you are often safer than safe. You enjoy large refreshes, fast easy promotions and high performance ratings. In this org, credit often belongs to someone else that cant speak your mother language.

For those not in the protected class. Wondering why they were let go despite exceeded expectations rating. You know why! Do you joke in the same language at lunch with your metamates ? This probably always felt off. You will never be in their tribe. You will never be one of them. Your manager can put you on pip and not think twice. Because you just don't feel like a team player -- because you can't joke with them at lunch.

Innovation is largely dead at meta. the company has been captured by a protected class due to nepotism of low performers that will never ever be pip'd. They are bleeding the company dry both of treasure and IP to give to mother country. Just simply running out the clock waiting for their green card in hopes the latter comes first.

Given the latest layoffs and the constant threat of more cuts, I’ve been thinking a lot about how much cash I have available and how many months of unemployment it would carry me through. I didn't like the number at all. Three months tops. I’m curious where other people stand when it comes to fully liquid savings, not stocks, retirement accounts, mutual funds, or anything you’d have to sell or wait on. Just money you could access immediately if things went sideways. Am I the only one who's utterly unprepared in all of this mess?

Anticipating after these large numbers of people are off books (or before) , there will be a lot of shuffling of teams. Anyone know what happens when a Director or AD ends up without enough direct reports? Maybe there will still be enough employees left to re-allocate, but math-wise seems like there might be a lot of esp AD’s without the minimum number of people.
Wonder if the July target notifications will be like musical chairs for those without enough people left.

Do the math! Redundancy costs and also staff decreases are in the notices. If you average it out it’s a lot more than most people are getting. What gives? Obviously there are a few people who are getting paid out a big fat wad of cash while most of the rest are getting paid peanuts.

Oracle has just scratched the surface with its 10% layoff and showed some positivity with its operational performance in layoff. Its operational performance is still weak.
Its trying to show the investors that it is high tech or growth stock. But it is not. Oracle has history of losses. Just market hype has increased and made it safe for now.
June earnings numbers will show it all

An internal corporate audit is in progress with new CFO and if she is really good there will be heavy cutdown of heads in upcoming qtr. Lots of products will be trashed.
Prepare for your best ... Jump the ship before its too late...

Reportedly, a secret task force has been set up to prepare carveout options to give management more flexibility for asset sales.

Its significant

Whatever happens, don't blame yourselves. This isn't about you. It's about greed and poor leadership.

Seems like there are big layoffs for tech, rx, all of the non-Optum health areas. Does anyone know if health or care will be impacted this week?

Just the new division?

Why did bp increase headcount 18% last year with ongoing strategic layoffs?
Has AI permitted bp to be leaner and meaner? And simpler?
Is bp’s AI a thing? Has bp’s super computer actually resolved making operations safer and more productive?
Are the 15,000 new employees hired last 20 months based in India? Are we removing one western employee and hiring 3 Sub Continent employees ?

I heard from several people Friday that the new division is doing a 30% reduction in force very soon

Makes you wonder if the goal is just to burn the place down. Specialists, veterans, people with actual skills, the ones who held teams together - they're all getting cut. Any leadership that cared about the future would be doing everything to keep them.

Thoughts on this? As H1Bs have to go back and apply? Or will they just outsource more to India and keep them there?

This company isn't it. Gave up on a turnaround long ago. Layoffs are the main event here. I do my job, nothing more. Dedicated exactly to my pay grade. Effort won't be rewarded. Focus instead on your well-being and job hunting. Works wonders against the stress.

With so many associates gone, who exactly are all these managers, senior managers, directors, senior directors, and VPs leading now? The teams that remain are extremely lean. It’s hard to understand why leadership layers continue to stay intact while cuts are happening primarily at the lower levels. At some point, you have to question whether all of these layers were necessary to begin with, especially now.

Does anyone know of a ki-ler lawyer in austin, tx area to take on age targeted LR cases in latest layoffs?

After the massive layoffs, they are still looking for 5% IPs for the year end during the mid year reviews. More layoffs coming year end?

As people are getting laid off or being quiet fired, please don't hate Ron. As Chairman, CEO and President at STATE STREET CORP, Ronald P. O'Hanley made $19,529,070 in total compensation.

The 25% reduction in headcount from the BD acquisition is coming. Wednesday is going to be brutal. Expect across all functions, all segments, but especially ADx. R&D likely to be hit especially hard. Lawyer/HR was onsite in Sparks for a reason - upper leadership has been discussing the reorg all this past week at the Sparks location. Anyone with direct subordinates being let go were informed this past week as well. Waters is not BD - they are breezing through letting people go for cause as well as layoffs. If your leadership team does not like you, expect to be let go sooner rather than later. Happy holiday weekend, everyone!

Couldn't care less about Meta or this job.

Is this true?

Risk management and business enablement first. Next wave is wholesale credit delivery.
OP: @b0+1ks3m4ct1

I heard Optum tech had some cuts.

I never thought it would come to this - me hoping to be selected for layoffs after so many years.

So that Bill Ackman can make 5 billion instead of 3 and so that do nothing fat cats can get their multi million bonuses.

Rearranging the deck chairs on the Titanic.
The failures losing $billions haven’t been fired.
Including Bill.