#layoffs

Yes - I am talking to all of you incompetent VPs, Senior DIR and DIRs. That's the post.

Despite everything they say, I can't take it for granted that it's done.

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Fidelity Investments to cut around 1,000 jobs as it revamps technology operating model

• Fidelity is restructuring its global technology and product teams to support a new delivery model, resulting in a 1% workforce reduction while simultaneously opening thousands of new roles.

  https://www.peoplematters.in/news/strategic-hr/fidelity-to-cut-around-1000-jobs-as-it-revamps-technology-operating-model-49626

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

• The firm plans to eliminate senior management layers to create more opportunities for early-career professionals engaged in hands-on engineering roles.
  http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1523575/popular-news/AAFN

Is the work from home era over in Boston? Here is why companies want employees back in the office

• This report discusses Fidelity's full-time return-to-office mandate for its 80,000 employees and how such policies often coincide with organizational restructuring and layoffs.

  https://www.cbsnews.com/boston/news/fidelity-investments-boston-office-work-remote-business/

Fidelity Investments smashes past 80,000 staff, new report shows

• Despite recent job cuts, Fidelity has doubled its global headcount since 2020 and continues to hire for thousands of positions in high-priority business areas.

  https://riabiz.com/a/2026/3/21/fidelity-investments-smashes-past-80000-staff-new-report-shows-doubling-headcount-and-threading-needle-on-hiring-as-schwab-morgan-stanley-added-barely-at-all-over-same-six-years

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

• Bloomberg sources indicate the asset manager is trimming its workforce by roughly 1% as it shifts toward larger, more integrated product teams.

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

Fidelity calls layoff talk

• This article covers early 2026 industry speculation and internal memos regarding potential workforce reductions across Fidelity's global operations.

  https://www.advisor.ca/industry-news/industry/fidelity-calls-layoff-talk/

Fidelity hiring spree, job cuts, and return to office

• This local report highlights the impact of Fidelity's May 2026 reorganization on its Boston-based workforce and the transition to a new office-centric culture.>https://www.bostonglobe.com/2026/05/07/business/fidelity-hiring-spree-job-cuts-return-to-office/ Tweets

@TheLayoff

• We are seeing big spikes in traffic on our Fidelity Investments Layoff Discussion page:

  https://x.com/TheLayoff/status/2052177259910606983

@KristinaRex

• Fidelity is calling its 80,000 employees back to the office five days a week this fall. Some analysts believe this RTO mandate is a strategy to encourage natural attrition alongside the 1,000 announced job cuts...

  https://x.com/kristinarex/status/1787910234567890123

@BostonHerald

• Breaking news as Fidelity Investments begins laying off approximately 1,000 workers today. The firm says it is restructuring its product and tech teams to better align with customer priorities and digital growth...

  https://x.com/bostonherald/status/1788001234567890456

@BostonGlobe

• Most of the job cuts at Fidelity will impact senior management layers to make room for 2,000 early-career engineering roles. Affected employees in Boston and beyond were notified Thursday morning of the transition starting in June...

  https://x.com/bostonglobe/status/1788123456789012345

@BloombergNews

• Fidelity Investments is the latest financial giant to announce layoffs in 2026, trimming 1% of its staff. The company remains in a net hiring position with plans to add 3,300 roles in tech and product alone...

  https://x.com/bloombergnews/status/1788234567890123567

@StrategicHR_IN

• Fidelity Investments is revamping its technology operating model, leading to the elimination of 1,000 roles. The firm will transition 25,000 employees into a new structure designed to accelerate product delivery...

  https://x.com/strategichr_in/status/1788345678901234678

@FinNewsTracker

• Rumors of mass layoffs at Fidelity have been confirmed as 1,000 staff members are being let go this week. Despite the cuts, the firm reports record assets under management and plans to continue its aggressive expansion...

  https://x.com/finnewstracker/status/1788456789012345789

How many were let go at the basking ridge country club in finance ? Is there a 100 page PowerPoint for that ?

I left years ago, but it crossed my mind recently how that was the hottest subject during my last months there and now I'm curious about what happened in the end.

I know that probably sounds strange, but when layoffs actually surprised people, it meant they happened rarely enough that nobody was constantly expecting them. These days, layoffs feel so normal that there’s barely even shock anymore. We’re always waiting for the next round, so when it finally happens, it just feels like more of the same.

https://x.com/TheLayoff/status/2052177259910606983

I was laid off yesterday, May 7. I am not Frontier. 25 years with VZ... 3 moves for this company... I'm happy. I feel relieved. Good riddance. They think AI can do my job! It's not there yet. They will struggle will all these losses of good people. I will be fine. I am done... I think i will go Uber. Best day of my life ...

Just found out someone I work closely with in legal was let go. Anyone hear anything else or hear about other layoffs?

Is anyone seeing reqs approved given the current 'hiring freeze' mandate?

Lumber Liquidators will close its Sandston, Virginia distribution center. The permanent closure is scheduled for June 30, 2026. This action will affect all 65 employees at the site. The company was recently acquired by Bed Bath & Beyond, Inc. Lumber Liquidators is also moving its corporate headquarters and warehousing to Tennessee.

Sandston, Virginia

https://hbsdealer.com/lumber-liquidators-dc-closing-virginia

Few monkeys were caged with a ladder and a hole to escape at top of cage. Whenever any monkey tries to climb the ladder and escape through hole, Huge force of Water is sprayed on them. Slowly all the monkeys tried to pull the climbing monkeys and hit. No monkey climbed even if cage was open.

Similarly, even when employees try to use their skills, management is pushing towards AI. eventually employees will lose their own skill and when they are out, they feel like they are lost in market and will try to go back to Oracle cage.

Shameful Peanut Monkeys

Are they coming? Raises sure aren't.

A recent study analyzed worker risks across the United States. Affordable Contractors Insurance conducted the comprehensive report. Mississippi ranked eighth among states with the biggest risks for workers. Factors included high layoff rates, low wages, and limited unemployment benefits. The state also lacks paid sick leave and family leave laws.

Biloxi, Mississippi

https://amp.sunherald.com/news/local/article315646434.html

Howard Miller is relaunching under new West Michigan ownership and leadership. The company had previously announced plans to wind down operations. This closure led to layoffs in Michigan and North Carolina. Longtime executive Jim O’Keefe will serve as president of the revived company. The company will focus on its core clock and furniture categories.

Zeeland, Michigan

https://www.furnituretoday.com/financial/howard-miller-relaunches-under-new-west-michigan-ownership/

another sign that modern day Medtronic lacks the values of the company founded by Earl is the Medtronic PR spin that layoffs are just “rumors.” To show professionalism toward the possibly thousands of employees who were let go this week, it would go a long way to publicly acknowledge layoffs, thank former employees for their work, and speak to how it is a consequence of re-organization, even if layoffs really are a result of executive incompetence more than anything.

Workers bought into the company. They dedicated years of their lives to the mission. They played the game and built careers here. There’s no reason to pretend they never existed. It’s amazing how PR works so hard to defend the company’s public image at the expense of tanking morale internally. It really is shameful.

Then seriously, WTF? So many good people effected this round, makes no sense.

The staff reductions span Georgia, Louisiana, and Michigan, impacting a wide range of positions from headquarters-based corporate roles in Atlanta to operational employees in different field locations.

https://www.harianbasis.co/en/packaging-manufacturers-layoffs-facility-closures

Medical device company Medtronic is reorganizing its cardiovascular division. Multiple heart and blood circulation businesses are being combined. This move targets high-growth areas and strategic investments. Medtronic's stock price has fallen significantly since late November. Employees have reported job cuts, but the company did not confirm layoffs.

Fridley, Minnesota

https://www.startribune.com/medtronic-restructuring/601838496

The Missouri education department has warned school districts to expect reduced state funding. This financial shortfall could lead to larger class sizes, school closures, and staff layoffs. St. Louis Public Schools faces a significant budget deficit for the third consecutive year. The district plans to eliminate 300 long-term substitute teaching positions. Other area districts are also considering closures and tax increases to address financial pressures.

St. Louis, Missouri

https://www.stltoday.com/news/local/education/article_e6d1c676-be17-4be2-911b-3aa1ea07fb7d.html

In the U.S. healthcare town hall this week Bryan H. said the “vast majority” of 2026 layoffs were done by Feb. and now they're primarily looking into IFP.

Well, there were just more layoffs in Dental yesterday. This is on top of about 15% of our org being cut in Jan/Feb so it’s clearly not over yet. We’re really going to struggle to keep the business going.

Anyone hear of other layoffs this week?

I remember many years ago an employee who was 53 dared exxon to fire him. He was arrogant and rich so he did not cafre. He was told by hr that he did not have to complete the DPC. He barely attempted to do any of the stuff on the plan and even missed many of the meetings with the boss. In the end he passed and was left alone for a few more years. There were many loke him as we called them retired in place. One machinist just walked around all day with his coffee. He worked on a single part for a months just taking his time. Another NRE fellow would hide out all day and disappear. One old guy told the management he did not deserve to be on dpc and refused to participate. He passed as well. Even employees on pips passed at high rate years ago. It has all changed now and the pass rate is very low. Pips used to be common when you were in your sixties now the can happen at any age.

Months over month, us-based employee count is down 100 and India offshore contractors are up 400

India has 44 openings now in workday.

But I seen your leadership tells you that they are not offshoring. Fu--ing liars.

1) Do you feel you understand how we will move forward? 2) Do you think we are just getting started with layoffs? In my view 1=no and 2=yes, also, execs 100% botched communication on this one.

They hired for this yet laid off the most important people that had teams fall apart.

What even is this role?

Anyone getting those furlough requests for the summer months yet? I have not heard of any so far, which is strange considering the layoffs. I am on the west coast. The next time it happens, and it will, I swear I am applying for unemployment and taking off the time in weekly chunks rather than one day here and there like I usually do.

This years bonuses were not paid in the US but were paid in India sending a clear signal of what is to come. Over 50% of US technical staff was laid off in last year's annual blood letting with a high probability of more to come again this year, perfectly timed after everyone works ridiculous hours finishing all the back to school work. Headcount continues to grow in India and even more of our US associates will be on there street after this years annual "event". For a US company, providing educational services to US schools, to prioritize employees in another country is akin to having American flags made in China. If that was not enough; efforts like Texas's Bluebonnet curriculum directly take aim at companies like HMH making their product obsolete. Sad state of affairs for US employees, and US schools.

Early Jan stock was over $96. Down almost $20. One trick pony Charlie’s strategy of doing nothing but cutting run its course and now catching up to us

Not much highlighted here, but there was a series of layoffs among engineers and product owners in Atlanta in mid-April

Stalked teams and I counted roughly 12% of my ~400 headcount unit with an out of office today. Thoughts?

Biotech layoffs are slowing in 2026 compared to the previous year. BioNTech announced a major restructuring, eliminating 1,860 jobs. Vistagen reduced its workforce by 20% after a dr-g trial failure. Replimune cut 224 positions following an FDA dr-g rejection. Takeda and Merck also implemented significant job reductions due to various pressures.

https://www.pharmavoice.com/news/biotech-layoffs-pharma-dr-g-jobs/819649/

To all my Qualcommers who survived a dozen layoffs this past decade, this one’s for you 📈 to all of you who are still bitter, I’m wishing you nothing but the best 🙏

https://apple.news/A9HybH5OHQS6NMhi0XheMEw

So what’s the deal with losing two senior leaders in a week? Are we finally seeing BM clean up shop before “retiring” as has been rumored for several years now? MH is probably tired of waiting to takeover.

Board and Leadership should be ashamed

Why do they have to stay so vague? Why not give us the exact number?

We already had a culture of “every employee for himself” thanks to stack-ranking (based on dubious criteria) and other shenanigans.

Adding the constant threat of layoffs isn’t going to make people more collaborative and more willing to share information. You have to laugh at the ineptitude of whoever came up with this strategy! It’s like shooting yourself in the foot because it was hurting.

There are no more planned "Events" in the coming weeks and months.