#layoffs

Acrisure is laying off 2,250 employees. The layoffs reduce the company's workforce by 11%. CEO Greg Williams announced the cuts in a letter to employees. The decision is driven by advancements in artificial intelligence. Layoffs began Wednesday and will continue into next year.

https://www.fox17online.com/news/local-news/grand-rapids/acrisure-to-cut-2-250-jobs-amid-rise-in-artificial-intelligence

BT plans to cut at least 27,500 more jobs by 2030. This represents over a quarter of its current workforce. The company aims to reduce costs due to stagnant sales. BT already eliminated 8,500 positions in the past year. These reductions stem from fiber rollout completion and old technology retirement.

https://www.lightreading.com/fttx/bt-plans-mass-layoffs-after-cutting-8-500-jobs-in-last-year

Harvey laid off over half its Fire Department due to a fiscal crisis. This reduced daily staffing to as few as three firefighters per shift. The city now heavily relies on mutual aid from surrounding municipalities. Harvey has not reciprocated aid to these neighboring departments. Relying on mutual aid for daily operations presents a challenge for the system.

Harvey, Illinois

https://www.firerescue1.com/mutual-and-automatic-aid/ill-city-relies-heavily-on-mutual-aid-after-firefighter-layoffs

US applications for unemployment benefits decreased last week. Filings fell by 3,000 to 209,000 for the week ending May 16. This figure is lower than analysts' forecasts. Layoffs remain historically low despite ongoing economic uncertainties. Inflation and global conflicts contribute to market instability.

https://www.telegraphherald.com/magazine-websites/biztimes/ap_wire/article_db770c85-a417-580b-b5a2-1e952919bbbc.html

https://finance.yahoo.com/markets/stocks/articles/fiserv-prunes-non-core-assets-103900049.html

Cisco announced record revenue figures. The technology company also cut approximately 4,000 jobs on the same day. This decision quickly sparked public backlash. Critics argue the move prioritizes shareholders over workers. The timing raises concerns about AI-driven restructuring.

https://finance.yahoo.com/sectors/technology/articles/cisco-posts-record-revenue-4-214000754.html

Cisco | CSCO

Isn’t it unwise to be hiring summer interns while laying off experienced employees left and right? If we need to cut costs, shouldn’t we start with interns, who are a net drain on resources?

The purpose of an internship program is to build a pipeline to hire entry level workers. Are we really going to hire entry level workers? Isn’t AI going to do all the entry-level work? Even if we are going to hire entry level workers, is it necessary to recruit them prior to graduation? There are thousands of them desperate for jobs.

I feel sorry for students right now, but does it make sense to spend time and money on an internship program?

Intuit plans to eliminate approximately 3,000 jobs. This represents about 17% of its total workforce. The company is undergoing a broad restructuring effort. This effort aims to reduce complexity and accelerate AI integration. Two office locations, Reno and Woodland Hills, are also slated to close.

https://finance.yahoo.com/sectors/technology/articles/intuit-layoffs-3-000-jobs-142453143.html

Workers anticipate increased job stress. This stress is projected for the year 2026. Fears of potential layoffs contribute to this anxiety. The rise of artificial intelligence also plays a role. These concerns are impacting the workforce.

https://www.usatoday.com/videos/money/economy/2026/05/21/job-stress-surges-in-2026-as-workers-fear-layoffs-and-ai/90194523007/

Nice touch. Great empathy.
Announcing 4.000 people being fired, while wearing a 250.000$ Richard Mille watch

Anyone have any idea what MW and the Legend of Doom are cooking up next? Benefits are what they will come for next so what are they coming for? Anyone have any insider knowledge? When will the monster retire?

Are there more layoffs planned for EviCore before the strategic alternatives happen?

Anyone could share reasonable requests that could ask to amend/appeal the terms of the severance? Much thanks.

I found Robin Vince’s LinkedIn post last week… fascinating. He calls it a “full circle moment” with his Goldman buddy Lloyd Blankfein, yet it plays like another round of leadership cosplay. It might even be touching if BNY employees weren’t here describing a workplace stitched together with fear, offshoring, and corporate theater. Nothing says “excellence” like inviting a billionaire mentor to discuss humility lessons learned at Goldman while thousands of his BNY employees beg for clarity, stability, or even basic honesty.

Vince praises Blankfein’s lessons on uncertainty and values — meanwhile BNY’s workforce is drowning in ambiguity, morale is on life support, and “risk taking” mostly means gambling with people’s futures.

He talks about embedding values “every day,” yet avoids the very public concerns about layoffs, offshoring, collapsing trust, and a workforce treated like expendable inventory in a never-ending transformation cycle.

The real full circle moment won’t be a photo op with a retired Goldman titan. It’ll be when Vince realizes that inspirational quotes and curated leadership moments don’t fix morale, don’t slow attrition, and don’t rebuild credibility.

Fran faking her compassion and reading her statements tell you all you need to know about how much this C-Suite cares. Her and Mark sit in their posh million dollar homes and talk about cutting travel while they travel the world. The hypocrisy of this group is amazing as they continue to guard their stock price and protect their multi-million dollar payouts.

Best news of the year .. people officer is leaving not sure what her purpose was at bd other than fly and travel all over the world posing for pics and cutting ribbons and handing out lame awards must be nice. This woman was a nobody in Sumter plant somehow made her way up the ranks .. appease Tom and ur gold .. her replacement is another useless waste of space .. talent at BD is non existent and where it exists it’s not valued it’s eliminated to be outsourced or to bring in their buddies .. yup I said it and it’s the reality ..

CEO’s don’t give a shard about you or your family if they terminate you to make them more money for their pockets.

Best of luck 🤞 to everyone.

With all the changes coming to agency, operations you better get ready for more craziness. They cut agents pay, retirement bonuses, and SF stopped contributing towards their healthcare. If they will do that to agent's, you better believe that Total Rewards in 2027 will be very different. Agents are getting to see the true nature of this sh-t hole company. They will continue the churn and burn and pump and dump business model in claims. The 2040 McBurger workforce will continue to be a disaster and they will continue the accountability scam, meaning rules for the and not for me! Execs gotta get those bonuses! The day SF shuts down is the day the world becomes a better place. The Lemmings and corporate boot lickers are in corporate he-l heaven!

VZI completely collapsed, So many people's layedoff. Mostly band 7,8 . Management role are much secure and encrypted like any other role. While at the same time T mobile & ATT have expanded there operation with a lot of hiring.

Seems VZI going to be shutting down soon. As two Indian leader been shaked ( Shankar and Sampath.)

I think we can all agree with the current sentiment around growth.And the way sites have been closing the last five years, Tucson is next. They do not care about employees in arizona. We have taken a back burner since Brad left. If you look at the 10-k reports, we can see this. The only thing I can't find in.It is an exact lease renewal date, if anybody knows.

Heard through the grapevine that five more data centers will be closed. Anyone know more about the locations that will be affected?

Citibank recently disclosed over 300 layoffs at its Manhattan headquarters, part of broader ongoing job cuts at Citi.

In early 2024, Citi announced plans to cut 20,000 employees through 2026. Earlier this year, a Citi executive noted that the financial services giant is making headway on the goal.

The New York Department of Labor on Monday posted details on company filings showing over 550 permanent layoffs at Citibank's Manhattan corporate offices this year. Nearly 250 had been disclosed in a previously posted February filing, while over 300 were disclosed to regulators in April and posted to the website this week, according to Citi.

Dates for all the layoffs disclosed in the Worker Adjustment and Retraining Notification, or WARN, notices, range from April 14 to July 30, according to Citi.

"As we said previously, we will continue to reduce our headcount globally in 2026," a spokesperson told ThinkAdvisor by email Wednesday. "These changes reflect adjustments we're making to ensure our staffing levels, locations and expertise align with current business needs; efficiencies we have gained through technology; and progress against our transformation work, which is nearing Citi's target state. We are grateful for the contributions these colleagues have made to Citi."

United Way of Southwest Florida laid off ten employees. This action followed a significant fundraising shortfall. The organization is $1.6 million short of its $11.5 million goal. These layoffs occurred at its Lee, Hendry, and Glades office. United Way has maintained its 92 partnerships with other nonprofits.

Fort Myers, FL

https://www.gulfcoastnewsnow.com/article/layoffs-united-way-southwest-florida-fundraising/71366277

The Lee County School District informed 457 employees their contracts would not be renewed. Of these, 275 affected employees are teachers. The district faces a $46.7 million budget deficit. Another 407 teachers will leave due to attrition next year. Some non-renewed positions may be preserved or reallocated.

https://www.wgcu.org/education/2026-05-20/more-than-half-of-457-layoffs-in-lee-county-schools-will-be-teachers-275-get-notices

Fayette County Public Schools announced major staffing cuts this week. This action terminated 120 district-level support personnel. The cuts address financial reporting errors and budget issues. Eliminated roles included 49 hourly and 71 salaried positions. The district is assisting affected employees with job placement.

https://www.wuky.org/wuky-news/2026-05-20/support-staff-hit-with-sweeping-layoffs-as-fayette-county-school-system-reins-in-spending

Citibank disclosed over 300 layoffs at its Manhattan headquarters. These layoffs are part of broader ongoing job cuts. Citi announced plans in early 2024 to cut 20,000 employees through 2026. The New York Department of Labor posted details this week showing over 550 permanent layoffs this year. Over 300 layoffs were disclosed to regulators in April.

New York, New York

https://www.thinkadvisor.com/2026/05/20/citi-discloses-over-300-new-york-layoffs-part-of-ongoing-job-cuts/

Republic National Distributing Company plans layoffs in Oregon. The company expects to cut 146 positions. This action follows plans to sell its operations. Layoffs are scheduled to begin on June 17. Affected workers are represented by a union.

Portland, Oregon

https://www.koin.com/news/business/146-workers-laid-off-as-oregon-alcohol-distributor-finalizes-sale/

New Careerminds research indicates loyal employees are hit hardest by layoffs. Many long-tenured workers believed their dedication would protect their jobs. Over two-thirds of these employees felt blindsided by their layoff announcement. Most had significantly outdated resumes or inactive professional networks. This experience often leads to financial stress and reduced future employer loyalty.

https://www.cpapracticeadvisor.com/2026/05/20/loyalty-tax-why-loyal-employees-are-being-hit-hardest-by-layoffs/183753/

The Greene County Director of Schools made a statement. The statement concerned recent layoffs. The Director described these layoffs. They were characterized as not abnormal.

https://www.wjhl.com/video/greene-county-director-of-schools-says-layoffs-aren%E2%80%99t-%E2%80%98abnormal%E2%80%99/11812059/

:(

I feel so bad for these people they worked so hard to get to where they were and we’re all very high performing branch managers. Hopefully a lot can find a spot and be retained.

The role just wasn’t deemed to be profitable from an ROI standpoint seems like which isn’t shocking.

The Los Lunas Board of Education approved a $144.57 million budget. This budget covers the upcoming 2026-27 school year. The district managed to avoid any employee layoffs. This occurred despite a decline in student enrollment. Increased state unit value boosted revenue, and salaries will rise 1 percent.

https://www.news-bulletin.com/news/los-lunas-board-of-education-approves-144m-budget-no-layoffs-expected/3046746

Acrisure is laying off 2,250 employees. This reduction represents 11% of its total workforce. The layoffs will begin now and continue in phases into 2027. These changes primarily impact U.S.-based operations. The company cites advances in technology, AI, and digital platforms as reasons.

Grand Rapids, Michigan

https://www.wzzm13.com/article/news/local/source-acrisure-announces-2250-layoffs-totaling-11-of-workforce-citing-technology-al-digital-platforms/69-339a1b30-018e-4c2e-885a-c0a82e7583f7

Intuit exceeded financial estimates for its third quarter. The company announced a significant reduction in its employee count. The CEO said artificial intelligence did not cause the layoffs. The reason was to create a more agile and efficient organization. The company increased its financial outlook for fiscal 2026.

https://www.barrons.com/articles/intuit-earnings-stock-price-layoffs-a96cfca9

Deloitte recently conducted layoffs within its audit division. These reductions affected employees, including senior managers. The layoffs occurred shortly before annual bonuses were scheduled. Affected individuals reported the process felt impersonal. One senior manager received severance and bonus payout.

https://www.goingconcern.com/layoff-watch-26-deloitte-auditors-got-bad-news-this-week/

Upwork will cut 24% of its staff. This decision followed a recent earnings update. Upwork now expects lower full-year revenue. It also faces increasing legal scrutiny. Upwork's share price has sharply declined.

https://simplywall.st/stocks/us/commercial-services/nasdaq-upwk/upwork/news/assessing-upwork-upwk-valuation-after-earnings-cut-guidance

Six former Spirit Airlines employees filed a class-action lawsuit. They allege the company violated the WARN Act by not providing 60-day layoff notice. The lawsuit, filed in New York, represents approximately 17,000 laid-off workers. Plaintiffs seek 60 days of wages, benefits, and other compensation. Spirit Airlines filed for Chapter 11 bankruptcy and also sought to pay retention bonuses.

https://www.thecentersquare.com/national/article_d6b94769-cf73-5e47-998d-4e1016a87e6b.amp.html

Representatives Joe Neguse and Jared Huffman introduced new legislation. The Public Lands Workforce Stability Act aims to prevent mass layoffs. These layoffs affect federal land management agencies. Staffing shortages hinder agencies' ability to respond to environmental threats. The bill seeks to extend a temporary moratorium on job cuts.

https://www.quiverquant.com/news/Press+Release%3A+Reps.+Joe+Neguse+and+Jared+Huffman+Introduce+Public+Lands+Workforce+Stability+Act+to+Prevent+Layoffs

Two New Jersey employers filed notices for significant workforce reductions. Acme Markets plans to cut 115 positions at its Edgewater location. The supermarket announced it is closing on August 15. Barclays PLC will reduce 64 employees at its Whippany facility. These job reductions are effective starting in August and September.

Edgewater, New Jersey

https://www.nj.com/business/2026/05/179-more-nj-jobs-cut-as-supermarket-and-bank-file-layoff-notices.html

Survivors, how many of you are interviewing and applying somewhere else to take advantage of the higher commodity price. My guess is 50% or more of the company is at this point.

A lot of other companies are hiring and I don’t believe the “transformation is complete” narrative.

Any thoughts on this from the audience?