#layoffs

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Will the ELT ever pay for their decisions?

I’m still pretty angry, honestly. Looking back on all the BS we’ve been expected to tolerate over the years, shame on me for believing accountability would ever exist at the top.

Remember the data breach? The ELT lied to investors, employees, and regulators. The company spent hundreds of millions in legal fees and hundreds of millions more trying to clean up the mess and get compliant. Did anyone at that level lose their job? Of course not. They still got their bonuses.

Then there was EverFi, a $750M acquisition that eventually turned into roughly a $400M write-down when it was sold off. Another catastrophic decision. Again, nobody in leadership paid any personal price for the failure.

Now we’re watching good people lose their jobs while roles get shifted to India, all while leadership positions themselves for one last payday if the company gets sold. They’ll walk away with tens of millions in compensation after years of bad decisions. The rest of us get 8 weeks severance and COBRA.

At some point you realize employees are just pawns in a game where leadership can fail upward indefinitely while everyone else absorbs the consequences.

Get out while you can.


Why is Nawani's team allowed to travel international

From London to New York on business class for frivolous reasons that achieves nothing substantial? Especially when Citi has laid off so many people? If this person is required to be in new York, why wasn't he made to relocate to let go and someone new York based found to fill the opposition?

Is it only a coincidence that this person has family in ny/NJ that he gets to meet on company dime when laid off people have struggled to find something new after being laid off, been on expensive insurance and many other struggles?

Why is Nawani and his team so special? They've barely achieved anything of note that isn't brittle as a house of cards that would fall apart when actual experts in data look into it rather than second or third line generalist that have made every decision for him on data products? And whatever was left was made by generalist consultants


Yet again

I lost count of how many layoffs have happened in the past 8 years. Today's is the worst. Our already skeleton crew was cut in half. All of us are already over worked. This place is going to be a disgruntled sweatshop in day or 2. And they layed of the folks with a future. 3 of us are close to retirement and informed our managers that a layoff would be welcome for us. Nope, they skipped us and went for younger generation. Who is going to carry this company forward? NetApp... where stupid thrives.


May 20 restructuring

  • Meta to transfer 7,000 staff to AI initiatives, eliminate managers
  • Layoffs and transfers affect about 20% of staff, Meta says
  • Employee backlash includes petition against mouse-tracking tech, now over 1,000 signatures

https://www.reuters.com/world/meta-lays-out-plans-may-20-layoffs-restructuring-internal-document-says-2026-05-18/


The death of Kinetic

More layoffs are coming, they recently took away all the company vehicles from the door-to-door teams and replaced it with a $300 a month stipend and no mileage reimbursement. And if you factor that in with all the stupidity that has happened with laying off the consumer call center in the outbound Kinetic Business teams. Kinetic is sinking don’t wait from them to get ride of you leave now before it’s too late


Amazon Port St. Lucie Facility Closes for Upgrades, 850 Jobs Affected

Amazon will temporarily close its Port St. Lucie fulfillment center. The closure begins September 17 and will last two years for upgrades. This action impacts 850 warehouse employees. Amazon is investing $200 million into the facility renovation. Affected employees will receive severance, benefits, and job search assistance.

Port St. Lucie, Florida

https://www.wpbf.com/article/amazon-fulfillment-center-in-port-st-lucie-to-close-for-2-years-affecting-850-employees/71341940


NetApp Executive leadership accountability is LONG OVERDUE

Days like today are always tough. When smart, hard working and loyal, good people get let go from doing their jobs to assuage the hubris at the top. Every single layoff has a personal and professional impact. I think there is growing frustration at NetApp that GK, our President and SVP of Comp to name a few continue to be here despite years of stagnant growth, lack of vision and being completely disconnected from field teams and customers. Everyone with a brain cell knows $10B by 2028 is not happening yet GK and executives keep pushing the same BullS*** narrative. Unless we get acquired or acquire a company it will not happen organically. Why not make $8B a realistic goal and stop the gaslighting. It's time for Executive leadership to be held accountable.


Ten States Face Job Market Slowdown

Several U.S. states are experiencing increased unemployment. This trend occurs despite national economic resilience. Layoffs, slower hiring, and economic uncertainty contribute to the issue. Technology, manufacturing, and tourism sectors are particularly affected. California, New York, and Florida are among the impacted states.

https://www.mibolsillo.co/unemployment-is-rising-in-these-10-states--is-the-u.s.-job-market-starting-to-slow-down-t202605160034.html


Nebraska Implements New Employer Layoff Notice Rules

Nebraska Governor Jim Pillen signed a new state-level WARN Act into law. This legislation requires employers with 100 or more employees to provide 90-day advance notice. The notice applies to mass layoffs and covered business closings. Affected employees or their representatives and the Nebraska Department of Labor must receive this information. The new law will become effective on July 18, 2026.

Nebraska

https://natlawreview.com/article/nebraska-enacts-state-warn-law?amp


GM Cuts Jobs While Hiring Overseas

General Motors initiated a new round of layoffs. The cuts affected 500 to 600 salaried IT employees. These layoffs primarily occurred in Michigan and Texas. GM stated this is part of transforming its IT organization. The company faces criticism for simultaneously recruiting foreign workers.

https://www.aol.com/lifestyle/gm-letting-workers-while-hiring-180036743.html


California Academy of Sciences Director Resigns Following Layoffs

Scott Sampson resigned as Executive Director of the California Academy of Sciences. His resignation is effective May 29, with advisory duties through June. The institution recently announced layoffs of 53 employees. These cuts address a structural budget deficit exceeding $8 million. Amber Mace was appointed interim executive director.

San Francisco, California

https://www.sfchronicle.com/sf/article/california-academy-sciences-director-resigns-22260144.php


Research: Job Cuts Often Fail; Other Business Methods

Many companies implement layoffs during economic uncertainty. Evidence suggests layoffs frequently fail to achieve lasting financial benefits. They can also significantly harm employee morale, innovation, and customer loyalty. Many leaders now consider other options instead of job cuts. Companies like Southwest and AT&T successfully used reskilling, furloughs, or reduced hours.

https://greatergood.berkeley.edu/article/item/how_layoffs_hurt_all_of_usand_what_companies_can_do_instead


GM Cuts IT Jobs, Citing AI's Role

General Motors recently laid off 500 to 600 employees. These job cuts primarily affected information technology roles. Affected employees were largely located in Austin, Texas, and Warren, Michigan. Artificial intelligence played a role in the company's decision. GM offered severance packages and career support to the impacted workers.

Austin

https://www.msn.com/en-us/money/companies/laid-off-gm-employees-tell-of-ominous-email-severance-and-role-of-ai/ar-AA231HLA?cvid=6a0466f468f947e78a1f45a3db8de24d&ocid=hpmsn


Platform consolidation- layoffs

Management and supervisors have been given their marching orders. By July 1st they are to determine which employees will become business analysts with a 2% raise, which employees will remain in their current position with a 2-3% pay decrease and up to a 20% reduction in staff overall. Higher earners are expected to be fired first with a compensation package.


Innovaccer Lays Off Staff Amid AI Push

Innovaccer has laid off staff members. The healthcare technology company is increasing its artificial intelligence efforts. Innovaccer plans to apply its automation principles internally. The company recently allocated $250 million for AI development. This funding supports small language models on its Gravity platform.

http://www.modernhealthcare.com/health-tech/mh-innovaccer-layoffs-ai-tools/


MassHire Lowell Secures Jobs

MassHire Lowell Career Center is not planning employee layoffs for its fiscal 2027 budget. Its positions are funded by state and grants, not the city budget. This contrasts with the city of Lowell, which has proposed significant employee layoffs. MassHire absorbed four full-time ARPA-funded positions into its operating budget. The center manages its budget through attrition, not filling vacancies, and leveraging grant funding.

https://www.lowellsun.com/2026/05/19/masshire-lowell-career-center-avoids-layoffs/


Nike will move out of Oregon within 5 years

When PK passes, this business will move out of Oregon, every single study has shown so. Keep their "AWESOME" campus for necessary departments that need high visibility to stay cool. Ditch all the WA County Warehouses they branded, relocate options for employees. No Fortune 500 business without the anchor of PK will stay. There is a reason they've built good relationships for expansion in business-friendly states....any business owner understands this. Nike owes Oregon nothing at this point.


AI Drives 49,000 Finance Layoffs Amid Tech Investment Surge

AI investment has reached $1.5 trillion since late 2022. This sum equals the projected 2027 U.S. defense budget. The finance sector experienced 49,000 layoffs due to AI in 2026. Industry experts believe AI will augment finance workers. Human judgment and oversight remain crucial for sound financial decisions.

https://www.thestreet.com/employment/amazon-microsoft-google-power-ai-behind-49000-finance-layoffs


First Brands Expands Layoffs Amid Bankruptcy

First Brands expands layoffs amid bankruptcy First Brands makes auto parts. It previously cut 1,200 jobs in Ohio. An additional 350 employees will be laid off in Indiana. First Brands filed for bankruptcy in September 2025. Its CEO also faces federal fraud charges.

https://www.beaconjournal.com/story/news/2026/05/19/first-brands-auto-parts-maker-supplier-layoffs-ohio-indiana-fraud-bankruptcy/90155374007/


California Tech Workers Face AI-Driven Job Market Shift

Mass layoffs continue to impact Silicon Valley tech workers. Artificial intelligence is driving these job cuts and reshaping the industry. Many displaced employees struggle to find new roles despite extensive experience. Companies are now highly selective, often demanding specific AI skills. Workers are adapting by upskilling, networking, or exploring new career paths.

https://www.latimes.com/business/story/2026-05-19/ai-layoffs-jobless-tech-workers-silicon-valley


Takeda Cuts Fuel May Biopharma Layoff Increase

Takeda announced plans to cut approximately 4,500 employees globally. This makes May 2026 the most significant month for biopharma layoffs this year. As of May 15, 6,739 biopharma employees were laid off or planned for reduction. This total exceeds February's 3,713 and May 2025's full month total. Despite fewer companies making cuts, the overall number of affected employees is rising.

https://www.biospace.com/job-trends/takeda-cuts-send-layoffs-soaring-in-may-rising-year-over-year


wellness center is so offensive

all of the “It’s okay to not be okay, you’ve got a team who cares” emails…Pick a lane, either Own being a sweatshop or actually treat associates with respect and kindness.
At this point, it would not surprise me if they are creating a list of people who reach out to wellness for layoffs.