#layoffs

I was laid off after more than 15 years at Wells. I survived the previous rounds, but I was finally caught up. Our CEO made it no secret this would continue through 2026. Each round I survived I had a little hope. Make no mistake it doesn't matter if you are a top performer or not. I have seen top talent just be let go over and over. It will continue.

I knew this might be a possibility, so I have been looking for jobs for months. It's been scary with this economy and job market. No bites. Had resume reviewed, joined job boards, joined talent agency/groups. The only thing that has come up is short term contracts but no real bites. Ageism is real and it's scary as he-l. All I can do is keep trying, take some time to up-skill and get some additional feathers in my resume cap, but I would be lying if I didn't say this job market is brutal.

Make no mistake. Wells doesn't care about the loyalty and commitment you have shown to them no matter how many years of service. Your performance isn't a guarantee either. Over the years I have jumped when Wells said jump. Traveled more than I can remember, worked nights, worked weekends, putting in 50-hour work weeks. Been a repeated top performer. They expect loyalty from you but don't expect loyalty in return. Don't be fooled. None if it matters in the end. You are just a number to Wells.

https://www.fox13seattle.com/news/starbucks-seattle-summer-layoffs

VZI employees reduction and cost cutting is in peaks. A lot of work load been observed in every domain.

Especially if you're younger and recently joined Elevance. Save up six months of expenses. Keep interviewing even though you're employed. Find a way to make money on the side. Don't let this place have all the power over your life.

• General Motors employees who were laid off Monday described their job terminations to CNBC.
• The layoffs affect about 500 to 600 employees, largely in information technology roles in Austin, Texas, and Warren, Michigan, according to a person at GM familiar with the layoffs.
• Artificial intelligence played a role in the decision, but it was not the only reason for the terminations, the person said.

https://www.cnbc.com/2026/05/12/gm-layoffs-ai-severance.html

No chance that everybody affected has already been notified?

Layoffs are 100% confirmed: Anyone at this site who spends every day waiting for a meeting about being let go, anyone who no longer wants to work at Cisco, anyone who only complains about management despite the company reaching record-high stock prices, or anyone who has simply lost motivation is free to leave Cisco.

Please do not waste company resources or other people’s time. If you are ready to move on, do so now.

There are thousands of talented people with fire in their eyes who have been struggling for a long time to find an opportunity. Give them your place, and go in peace.

Likely a week from today

I've been applying for months through the big job boards and getting almost nothing back. No calls, no interviews, nothing. For those of you who've been laid off and managed to find something, which platforms actually worked for you? I need to change my approach.

So many companies were doing fine until they got greedy. Squeeze more profit, treat people like trash, then they wonder why they go under. We're watching it happen in real time here.

Favoritism galore.

Looking like the days of Arvind fooling Wall Street with his financial engineering shenanigans is coming to an end. Heading right back to $160, where it was before he embarked on his "RA everyone, move everything to India, stop investing in everything" strategy.

Zero consistency. Zero accountability. Zero integrity.

Right here in DFW, we have hundreds of managers working from home (I.e. Eric Smith team) or sitting in the office closest to their home; And non-market based staff managers spread out across the country working in their pajamas all day. (I.e. Korte org)
And how many managers with minimal skillsets are flying below the radar because their director doesn't want to give up headcount while seasoned managers with broad skillsets are being let go in other orgs.
Meanwhile managers that uprooted their families, moved to Dallas, adhered to RTO are being let go cuz they are the oldest in the team. YES IT IS HAPPENING! Most can't afford to forego the severance & fight it in court.

FU-K AT&T!

The amount of money this company could save by getting rid of b-ms. Anyone see these people sitting in booths all day long and the old man walking in circles- VP by the way. Lets get rid of em and allocate the salary to deserving hard working employees!

Can anyone corroborate a document I found which forecasts RIF beginning in Q4 through Q3 of next year? I don't want to give too many details but it was a full time employee forecast for one of the major support units. The decline began in Q4 with a few hundred RIFees each quarter and then a steep drop in Q3.

This is from Meta
https://www.ibtimes.co.uk/meta-job-cuts-ai-restructuring-1796398

Spirit Airlines' departure from Arnold Palmer Regional Airport resulted in 26 layoffs. Two additional employees also experienced reduced work hours. The Westmoreland County Airport Authority is in talks with four to five potential new carriers. One unnamed commercial airline has provided a letter of commitment. The airport anticipates several months before a new airline begins service.

Latrobe, Pennsylvania

https://www.latrobebulletinnews.com/news/local/airline-interested-in-arnold-palmer-regional-airport-spirit-closure-brings-layoffs/article_cd77a958-b57f-4510-976c-d09d8c0ebb7a.html

The Broward School Board recently approved a new organizational chart. The district will reduce its workforce by 300 positions. Additionally, 700 unfilled roles will be removed. The district expects to save a sum greater than $50 million. However, certain board members expressed worries regarding student impact.

Fort Lauderdale, Florida

https://www.local10.com/news/local/2026/05/12/broward-school-board-votes-for-massive-amount-of-layoffs/

Did the former Upstream CFO resign because the Finance 2.0 recommendation came back with a 50%+ layoff for the finance organization? Did he actually have morals and just couldn’t continue to work for XOM

General Motors is cutting hundreds of information technology staff. These reductions will affect approximately 500 to 600 salaried employees globally. Management began notifying affected workers on Monday morning. The company's Warren Tech Center is one impacted worksite. GM stated these cuts aim to transform its IT organization for the future.

Warren, Michigan

https://www.macombdaily.com/2026/05/12/gm-layoffs-to-hit-warren-tech-center/

Iowa's new law increases funding and autonomy for charter schools. This has raised concerns for the state's public schools. Opponents fear potential teacher layoffs and reduced resources. The law also relaxes requirements for homeschooling families. Public school advocates question fair funding for two systems.

Des Moines, Iowa

https://www.weareiowa.com/article/news/education/new-iowa-charter-school-law/524-f68c8353-3512-4704-a3eb-aca2c37b2cbb

Superintendent Thomas Taylor issued a warning to school employees. He cited "extremely serious concerns" regarding the budget. Montgomery County Public Schools faces a $150 million budget shortfall. Reductions could eliminate 100 full-time positions for every $10 million cut. The County Council is expected to finalize budget decisions soon.

Montgomery County, Maryland

https://www.wusa9.com/article/news/education/mcps-superintendent-warns-of-layoffs-budget-shortfall/65-1b7cdbe5-aa6e-428e-8265-8f4dc4c28684

Rhode Island school districts are approving staff layoffs for the upcoming academic year. These reductions stem from budget pressures and shifting student enrollment. Johnston initially issued 89 layoff notices, with 42 employees still without positions after reorganization. Newport laid off 17 teachers, though some roles might be restored later. Warwick approved 42 layoffs, including teachers, teaching assistants, and administrators.

Providence, Rhode Island

https://www.wpri.com/news/education/teacher-staff-layoffs-hit-multiple-ri-school-districts/

Fresno Unified trustees unanimously approved proposed layoffs. The decision impacts 78 positions across the district. This includes teachers, counselors, nurses, and vice principals. The district cited a lack of funds as the reason. These changes are scheduled for the 2026-2027 school year.

Fresno, California

https://kmph.com/news/local/fresno-unified-approves-proposed-layoffs-of-78-positions-for-2026-27-school-year

Cleveland Metropolitan School District leaders defended recent layoffs and school closures. An additional 51 central office administrators received layoff notices. This adds to 315 layoffs approved earlier in April. The district will close 29 schools next year due to declining enrollment. Sixty teachers previously laid off will return as enhanced building substitutes.

Cleveland, Ohio

https://www.ideastream.org/education/2026-05-12/cleveland-school-leaders-defend-layoffs-building-closures-amid-broader-public-education-challenges

I’m still new to ExxonMobil but I don’t know how our leaders think the actions they are taking don’t hurt our long term value. Short termism is very visible. The way good people are being treated is cruel and does not make us younger gen want to stay around. All of the people who want to teach us are leaving and I don’t many the ready to retire but the people who have been around for 10-20years are leaving and the gap is becoming more and more obvious with no one replacing them with the work being outsourced to India.

Then let’s go to the system and process. They just don’t work anymore. Any new system or software su-ks. career connect doesn’t work, D&S is even more opaque (maybe yet again the plan) and we’ve outsourced our pay, vacation.. basically everything with no accountability to fix or own any issues.

The foundation is sinking and it’s just getting worst. I’m leaving as soon as I can but investors and shareholders should be worried. DWW is feathering his nest for retirement but our stock will be impacted by the short term actions that will impact long term value

Shell cut a large portion of its IT workforce in Bangalore for a reason. Yet RB and LC apparently thought it made sense to bring in the leader who built Shell’s India data and analytics group, even though that role was eliminated during Shell’s own layoffs. Now we are watching that same leadership rebuild the team by hiring former Shell India employees into Chevron.

Fidelity to Cut 800 Staffers as It Overhauls Tech, Product Teams

• (Bloomberg)
• Fidelity Investments is cutting about 800 jobs while restructuring technology and product-delivery teams and planning additional hiring.

  https://www.bloomberg.com/news/articles/2026-05-07/fidelity-to-cut-800-staffers-as-it-overhauls-tech-product-teams

Fidelity reorganizes its workplace with new hires - and a few cuts

• (Boston.com)
• Boston.com reports Fidelity will cut about 800 jobs worldwide while also hiring thousands as part of a broader restructuring.

  https://www.boston.com/news/business/2026/05/11/fidelity-reorganizes-its-workplace-with-new-hires-and-a-few-cuts/

Fidelity Cuts 800-1,000 Jobs: Reports

• (ThinkAdvisor)
• ThinkAdvisor summarizes reports that Fidelity is cutting 800 to 1,000 jobs tied to technology and product-delivery restructuring.

  https://www.thinkadvisor.com/2026/05/07/fidelity-laying-off-staff/

Fidelity to Cut Around 800 Jobs as It Restructures Technology and Product Teams

• (Hubbis)
• Hubbis reports Fidelity is cutting about 800 global roles while reshaping technology and product-delivery operations.

  https://www.hubbis.com/news/fidelity-to-cut-around-800-jobs-as-it-restructures-technology-and-product-teams

United States $7 Trillion Asset Manager Fidelity Investments to Cut 800 Jobs Representing 1% of Global 80,000 Workforce But Will Hire 2,000 Including in Engineering, Technology & Product Roles

• (Caproasia)
• Caproasia says Fidelity is cutting about 800 jobs while planning thousands of hires in engineering, technology, and product roles.

  https://www.caproasia.com/2026/05/12/united-states-7-trillion-asset-manager-fidelity-investments-to-cut-800-jobs-representing-1-of-global-80000-workforce-but-will-hire-2000-including-in-engineering-technology-product-roles/

Fidelity Investments Layoffs 2026 - 800 Jobs Cut

• (LayoffHedge)
• LayoffHedge tracks the Fidelity layoff round as roughly 800 jobs, about 1% of the company’s global workforce.

  https://layoffhedge.com/company/fidelity-investments

Fidelity Layoffs: Why The Giant Is Cutting 800 Roles While Hiring 3,300

• (AInvest)
• AInvest frames the cuts as part of Fidelity’s shift away from siloed agile teams toward larger technology and product units.

  https://www.ainvest.com/news/fidelity-layoffs-giant-cutting-800-roles-hiring-3-300-2605/

Fidelity to Cut at Least 800 Jobs Globally to Restructure Tech and Product Teams

• (AASTOCKS)
• AASTOCKS reports Fidelity is cutting at least 800 jobs globally as it restructures technology and product teams.

  https://www.aastocks.com/en/mobile/news.aspx?newsid=NOW.1523575&newssource=AAFN

Fidelity plans to cut at least 800 jobs globally to restructure its technology and product teams

• (Futu News)
• Futu News summarizes Bloomberg reporting that Fidelity is trimming about 1% of its workforce to reorganize tech and product teams.

  https://news.futunn.com/en/post/72748081/fidelity-plans-to-cut-at-least-800-jobs-globally-to

Finance Layoffs Tracker

• (TrueUp)
• TrueUp lists Fidelity among recent finance layoffs with about 1,000 roles affected on May 7, 2026.

  https://www.trueup.io/finance/layoffs

Hello,
I recently transferred from GLA to WAL. What's the word on the street? It sounds like Tarrytown is in a very precarious situation. Seeing a lot of retirements in Walpole - are they forced early retirements? My friends still in Glasgow still work there but they don't seem to be a part of our huge 6% loss in diognostics

Any word on upcoming TWS/RPO/WSI layoffs? Change is certainly in the air and it don’t look good.

14 (It's been a month, I am still trying to make a peace with it)

Chainsaw wants to chop another 20%

I am no longer with the company but very curious about how things are going and moving along since last year's layoffs; and what the overall morale is like in Design and Tech; especially in the Home Division?

Prior to my departure, promotions were scarce and people were feeling stagnant, overworked/underappreciated and not being able to move around and grow... is that still the case for most L4/L5s and maybe L6s?

This message is for Mr. O’Grady, CEO, on behalf of front-line employees, managers and even regional managers in Wealth Management. Because we don’t know if you’re aware of how bad things have gotten.
Senior Execs in WM have made decisions to close down ESS and PCS teams across the country without a plan in place. There was minimal thought put into the transition of those clients and individuals within those teams were left with no leadership and an attitude of “Just handle it and I don’t want to hear any complaints.”
Of course there were complaints. And of course there are some financial losses. And because of those, 20 year (and more) tenured, experienced and exceptional people were given the direct blame and fired.
It’s such a big mess and so sh---y.
We feel like we don’t work for the same Northern Trust anymore, after working proudly for this company for decades.
The only thing being emphasized is the bottom dollar. Every single thing is about money.
What happened to the company who, during Covid times, not only didn’t lay off anyone but also gave an extra paycheck to the lower level employees? Why is everyone being asked to do more with less, with absolutely no recognition or appreciation? The very good people left are leaving.
We’ve become the laughing stock of the industry. We used to be the Bloomingdale’s of this business, and now we’re no better than Wells Fargo or BofA.
It’s extremely sad and disappointing. And we’re hurting really bad. But worse, we’re looking for other jobs. For some of us, who have been unsuccessfully recruited by other firms for over 29 years, it’s the first time we’ve even thought of doing so.

SMs, Now that you are exiting, can you tell us what exactly you were doing beside scheduling and hosting agile ceremonies. You were getting free money folks

Our CEO is CELEBRATING 23 quarters of layoffs. CELEBRATING?!?!?

That's how much our leader values the workforce. Do the math - he's celebrating the disruption and destruction of tens of thousands of careers for the past 7+ years straight.

https://www.bizjournals.com/sanfrancisco/news/2026/04/14/wells-fargo-ceo-layoffs-wfc-earnings-call.html

i'm outta here asap. its only getting worse

And cripple teams in the process? You can only spread so much work across so few people, especially when specific roles require specific skills. It's pretty clear that efficiency and morale aren't even on the list when they're making these decisions.

Layoffs like this should get local attention. They’re 100% offshoring all of these jobs, taking away from local communities (looking at you CRM, GOSC)