#layoffs

Market share going away, cutting prices while losing billions of dollars, datacenter builds plans cut and dropped across the industry, Microsoft distancing itself from OpenAI like it has an STD.

A sobering new sign for OpenAI as ChatGPT competitors gain ground

The chatbot that set off the AI craze just fell below 50% in market share for the first time, according to Sensor Tower, just as OpenAI is gearing up for an IPO.

https://www.fastcompany.com/91560276/chatgpt-loses-ground-gemini-claude-below-50-percent-market-share

A third of the posts are in regards to the many different ways that the WARN notice for NY\NJ can be interpreted, why? Is it really that complex? Is it really that dynamic to where it changes so often, you have to constantly crunch the numbers?

I live on Apple St., which is one block over from outside the NY city limits. If its a Tues at 3PM and I get placed on notice but I’m not told about it until the following Friday at 1PM, do I get an extra 2.37 days worth of pay? etc…. WTF kind of questions are these plaguing this board?!?!

I don’t see any other location discussing all the different possible gyrations of how to squeeze another 2 cents, 2 days, whatever out of the system.

Rackspace Technology is reducing its global workforce by about 15 percent. This move is part of a major business transformation focusing on enterprise artificial intelligence. The company's Executive Committee approved the decision on June 10. Rackspace expects annual cost reductions between $75 million and $85 million from this restructuring. These savings will be reinvested into strategic AI growth initiatives.

https://www.timesnownews.com/business-economy/companies/rackspace-technology-layoffs-why-the-firm-is-cutting-15-of-its-workforce-article-154671687

Hans Vestberg is no longer on Verizon's payroll, correct?

Vestberg, continuing to deal with the remnants, thank you for the hot mess?

How many of Vestberg's top tier executives remain??

Gone are EVPs, to include Shank and Sampath... Which other executives are no longer affiliated at Verizon and who continue to remain??

Someone mentioned on this forum not long ago that the executive board wants to take the share price below €100 so they can have more layoffs. It seems it's on track to do that. This AI obsession with price increase makes no sense. What is the tipping point for them to start layoffs?

I just received my PTO payment from Citi. However, I did not receive the severance. When is severance supposed to be paid at the same time as PTO or separate?

Down another 50% in last year, now back to 2017 pricing. Tragicomic Q3 results puts this abject clownshow near 130 by EOD.

When your "operating model" is to find the most enthusiastically incompetent, dishonest, lazy "leaders" available and give them absolute control over sales, marketing, and service delivery...

Rivian announced staff cuts this week. Under two percent of its staff will be affected. Production workers are not impacted by these cuts. The announcement follows the start of R2 vehicle deliveries. First-quarter 2026 net profit for Rivian decreased by $87 million.

https://www.worktruckonline.com/news/rivian-layoffs-will-not-impact-production-workers-r2-has-launched

On good authority, no layoffs in July except for sales

Fu-k this shiithole company and its shiithole leadership bunch of greedy, incompetent, a--holes!! Dell is the worst company in the industry for employees. Do the bare minimum, nothing more. They do not care about the employees at all!

Seattle Public Schools faces an $87 million budget shortfall. Superintendent Ben Shuldiner stated that "everything is on the table" to address the deficit. Potential measures include layoffs and school closures. The district plans to reorganize its central office and not fill vacancies. Declining student enrollment also contributes to the financial challenges.

Seattle

https://komonews.com/news/local/seattle-public-schools-last-day-class-sps-superintendent-ben-shuldiner-87m-budget-gap-shortfall-safety-student-enrollment-drop-possible-layoffs

I do not understand why this company would choose to send every department into a tailspin of nerves and anxiety for the next 2 months. Morale is completely gone and employees are paralyzed with fear. Who is actually working at this point? No one cares because we all know we may be next. Not to mention earning back the trust of employees after a stunt like this! Are YOU working or are you sitting in front of your computer shell shocked and unable to put one foot in front of the other? I feel that's like the spot most employees are in. Has anyone heard of any departments at this point that just might be ok? Are your people leaders saying anything?

ZeniMax Media is reportedly implementing staff reductions. Bethesda Softworks is among the affected divisions. 3D Realms co-founder George Broussard shared this news. He suggested the job cuts could be extensive. The company oversees many well-known development teams.

https://news.instant-gaming.com/en/articles/20278-layoffs-at-zenimax-media-bethesda-have-reportedly-begun

Central Oregon school districts are implementing significant budget cuts for the 2026-27 school year. This is due to shrinking enrollment, rising costs, and reduced state funding. Bend-La Pine cut $7 million, Redmond $3.5 million, and Jefferson County $2 million. Despite these reductions, the districts avoided staff layoffs. They achieved this through attrition and reassigning employees, though class sizes may increase.

https://www.centraloregondaily.com/news/local/central-oregon-school-districts-budget-cuts-2026-27/article_642448af-9db5-41c5-93e9-10fde1ffb792.html

https://www.chron.com/texas/article/texas-layoffs-2026-jobs-22309917.php

Diageo is preparing for major staff reductions. The company's CEO ordered executives to cut headcount. This follows a sharp slump in global spirits consumption. "Non-revenue-generating" teams will reportedly be most affected. An internal announcement detailing job losses is expected next week.

https://www.inc.com/lucia-auerbach/the-company-behind-johnnie-walker-and-don-julio-bracing-for-major-layoffs/91362490

Having 2 months to dread on this is horrible. Has anyone heard any numbers on how many people they need to remove? Departments getting hit? Anything?
If you're taking the VSP, what company are you trying for?

UPS announced a significant workforce reduction. The logistics giant is downsizing by 20,000 people. This includes closing various facilities. The company is aggressively moving towards automated hubs. This shift is part of a move away from Amazon.

https://www.aol.com/articles/17-big-layoffs-know-130513000.html

Robinhood announced a 10% workforce reduction. This action affected approximately 290 staffers. The company cited business strength for the move. Wall Street analysts subsequently raised price targets for HOOD stock. Robinhood shares soared 8.8% following the news.

https://www.investors.com/news/robinhood-stock-hood-stock-soars-above-key-level/

MU Health Care announced an organizational redesign. This redesign resulted in 74 employee layoffs. The health system also eliminated 150 total positions, with 76 already vacant. Four Hy-Vee Quick Care clinics will close due to declining demand. These changes aim to improve financial sustainability and operational performance.

Columbia, Missouri

https://www.komu.com/news/midmissourinews/mu-health-care-lays-off-74-employees-closing-hy-vee-quick-care-locations/article_0b82afdd-7b4f-4e72-ac07-508a116f7f69.html

Is this return to office in September an attempt to get moreee people to quit? Anyone able to get out of this?? How???

Any update on layoffs?

Bone crushing blow. Mutual of America is laying off over 200 employees over the next 15 months and shipping the jobs to India. A fleecing of America. An American company selling out. A giant suc-king sound. Morale is rock bottom. Mental Health counselors are on high alert. People are crushed. Devastated. Company can't find ways to raise revenue. Has to resort to cuts only. Accenture benefits. Mutual is now double paying: FIS ($8M) + Accenture ($~18M). Just think, the old system only only costs $8M per year. Now, they pay tripplethat

Just fyi... there were well over 300 comments about prayers for those impacted by the dow layoffs in Midland Michigan on ask midlands FB thread. Looks like the admin mediator was forced to remove all of it. There were several comments suggesting layoff numbers will reach 800-1000 locally within Midland.

It's over for all of us here anyway.

Happening this week. Any info on how’s many

From: https://www.fierce-network.com/wireless/verizon-launches-simplicity-pricing-new-loyalty-program

As for talk that morale is low among Verizon employees right now, Entner quoted former Verizon CEO Denny Strigl, saying “happy people don’t make numbers. Numbers make happy people.”

Back in the Strigl days, “this was a carrier that was kicking a-s and taking names. It was winning,” he said. Over the past several years under former CEO Hans Vestberg, “they got kicked around, and morale in a company that is losing accounts and market share is not a happy place.”

Soon into his tenure, Schulman announced a massive lay-off of more than 13,000 workers and he’s been candid about how AI is going to replace workers.

Naturally, morale is low, Entner said.

“When Verizon turns around, gains subscribers, gains accounts and wins, morale will soar,” he said.

Circling back to Clark, she said the latest price and loyalty plans are just the beginning. Since Schulman took over as CEO in October, they’ve been centered on putting the customer first.

From: https://www.fierce-network.com/wireless/verizon-launches-simplicity-pricing-new-loyalty-program

As for talk that morale is low among Verizon employees right now, Entner quoted former Verizon CEO Denny Strigl, saying “happy people don’t make numbers. Numbers make happy people.”

Back in the Strigl days, “this was a carrier that was kicking a-s and taking names. It was winning,” he said. Over the past several years under former CEO Hans Vestberg, “they got kicked around, and morale in a company that is losing accounts and market share is not a happy place.”

Soon into his tenure, Schulman announced a massive lay-off of more than 13,000 workers and he’s been candid about how AI is going to replace workers.

Naturally, morale is low, Entner said.

“When Verizon turns around, gains subscribers, gains accounts and wins, morale will soar,” he said.

Circling back to Clark, she said the latest price and loyalty plans are just the beginning. Since Schulman took over as CEO in October, they’ve been centered on putting the customer first.

I am fairly young and beginning my career, I’ve been with centene for 6 years and my VSP contract is not bad. I’m contemplating taking it and walking away but my only concern is that they do not even release my department. I have been through years of “we are rebuilding” and multiple job layoff scares. I have no idea what to do and it’s driving me crazy everyday since London crusty a-s sent that email.

Anyone get surplused today on the COR side?

I have been to Two World Olympics, Three Goat Roping's and one Hippo Gigging and never seen anything like this.. Was told Channel was strong and NO LAYOFF's this year on Jan 1 (Not there 5 months). Then this.... SH had a call with the group and said this place has "Failed". Then he makes the decesion on what peolpe go. I knew this group was "Doomed" after this. Last in First Out.... ATT is a great company but some leaders? Where is Chow need her back...

Anyone heard the investment community is predicting at least 50% RIF in order to restore profitability and stock price…

Received surplus notice today. L2 IC 26 years in Dallas. Townes org with exceeds targets in last 2/3 years. Raise the bar recipient 4 years ago. Wrong place at the wrong time. Anyone can be impacted by this machine. Keep looking forward!

Lots of reorgs are coming. Lots of meetings were held today. I feel bad for those who were surplused. And unfortunately, another wave is coming in September.

Have you received your letters? It seems like there was some manipulation to get rid of unwanted employees.

My engineering team was already incredibly lean after various layoffs and departures over the last half a year. I was basically taking on 2 engineer's work and still got the notification today that I was surplussed despite great EOY performance reviews over the last several years. My manager said "it was not due to my performance" and it was "budget related" but honestly I am in shock and don't know what to believe.

I am off payroll in September, which means I have a few months to find a job --which isn't bad I guess. I am disappointed and angry that I have been cut while others around me who do less are still safe.

I was told by someone that I could have the option to retire if I am over 50, if I am laid off. Where in the packet is that offer? Does it vary from state to state?

'cause now you are not a stable provider