#layoffs

So when do you think they will really ramp it up to get people to leave or do you think vtp? Its got to be happening some way

What a joke. Suddenly GT leadership figures out GT operates in a fragmented way... Worse, They think moving pieces on a chess board will fix anything.
Hey JH of Corp functions and RA broadly, I still can't get anyone to help me with failing SAP system to system transfers. I've been aka raising visibility aka begging for support... Oh for 6 months now at least. As a downstream system we even have a solution. But no one from your team shows up or takes ownership. Because they don't care. Cross org cooperation is MIA at Nike.

• So leaders, fix the culture first! *
  Else you're just playing musical chairs and another layoff is imminent few months down the line because we will not deliver value with the status quo.

... and the number of cell sites probably tripled. In most cases, VZ will fire you quickly if you are not cutting it (and replace you with a contractor, not backfill). So if you have lasted over 3 years or so, you have shown you are adaptable and are getting your work done (excluding outliers who may be competent, but hard to work with, so should maybe be cut). But, in the Nov 2025 firings (they are not layoffs), MANY people with 10, 20 and some with 30 years of experience were kicked out. This shows the utter incompetence of VZ leadership. They have no idea how to run a long term business (kicking out the most effective employees to make a budget look better). Leadership looked at the cost of those employees and MAYBE whether they took an AI class here or there (even though there were no AI applications available for that particular job and still aren't) and made uninformed decisions. Completely CLUELESS. If/When an AI tool became available for those employees' roles, those people would adapt, just like they have done for 10, 20 and 30 years.

And for those very few people who talk about a lot of dead weight being cut, you are showing your ignorance. Of course there were a few employees who "earned" being cut, but you are delusional if you think you are somehow more valuable because VZ chose to keep you over someone else. You are just a line item on a sheet that was overlooked by some BOZO higher up.

Is it that bad here?

Out: Monica Hammond (“retiring”)
Out: Chris Paul. (“Pursuing other opportunities”)
Out: Richard dalton (“pursuing other opportunities”)

Just talked to some people in Wealth FIG chapter. They are L5 and above. They got the news today. They are randomly announcing it.

Sorry but to me it feels like this emergency test is also to make sure we have a personal email so when they lay us off they can just send the documents or communication there. I went in and there is no way to remove it. Maybe I’m extremely paranoid but hey that would be this organizations fault to begin with.

I've heard there will be 1% layoffs with most groups exempt

Anyone hear any different ?

I think most people know by now tomorrow is the day, with a few people in denial. This was a quota game, leaders were told to eliminate x number of people for many teams as the only consideration.

This isn’t the end either. There will be more rounds this year. If as a business, they decide we need to do cuts, fine. But they continue to cut talent and drag out morale instead of doing it all at once. We are all being told to take on more for no extra pay and use AI which constantly makes mistakes. The only reward is MAYBE keeping your job. Talk about transparency and doing the right thing… yet let’s keep making employees live in fear.

Is there an announcement date for this or is the news just slowly spreading quietly through each org? I haven’t seen anything in the news, but I guess that’s better for our sagging stock price. Or maybe not, you’d think cutting the fat around here would be good news to investors.

BNY’s green‑sock LinkedIn stunt wasn’t tone‑deaf — it was a victory lap. A soft‑focus “look at my humanity” performance from our illustrious CEO while employees report stealth layoffs, collapsing teams, and RTO engineered as a slow‑motion purge. It’s financial‑literacy cosplay from executives whose biggest budgeting challenge is deciding which trust to park their bonus in.

And the benefits list? Employees on this forum have already torn it apart with receipts.

Matching newborn savings
A $1,000 match is meaningless when people are afraid to have children because reorgs hit harder than parental leave. Posters repeatedly note that job security is so fragile that planning a family feels reckless.

Down‑payment assistance
Employees point out that RTO forces them into higher‑cost commutes while raises trail inflation for the fifth straight year. Many can’t qualify for mortgages because BNY’s pay bands — widely discussed on the forum — are below market and frozen in amber.

$0 healthcare for those under $75K
This isn’t generosity; it’s a confession. Thousands of full‑time employees at a global bank earn under $75K. Forum posts consistently highlight that this tier is where burnout is highest, turnover is intentional, and workloads balloon after “efficiency” cuts.

401(k) student loan match
A rounding error. Employees repeatedly describe doing the work of two or three people after headcount reductions. A token match doesn’t compensate for systemic understaffing.

So yes — associates are right to question the CEO’s sock‑based empathy tour. When leadership posts costume‑level symbolism while employees describe exhaustion, fear, and constant headcount erosion, the message is clear and unmistakable:

The socks are green.
The spin is polished.
The workforce is disposable.
#LifeatBNY

Because the other one got bumped down pretty far.

Centralized space for updates as they are released this week.

Firsthand information only
Include OU and location
No political content
Maintain a respectful and constructive tone - this is stressful for all

Heard of several layoffs in CIT over the last 24 hours. First in the US followed by Bangalore and other regions after. People tech, DES, CTS. Mostly directors and managers but also heard of some ICs. No idea if it’s over but surprised to not see anything about this yet

Kyndryl posted the intention of cutting some jobs. With a charge around $200M we can estimate approximately 2000 to 4000 jobs to be impacted.

Build a Rocket Boy has reportedly experienced another round of layoffs. The exact number of affected employees remains undisclosed. This marks the third instance of job cuts within a year for the studio. Previous layoffs included the shutdown of BARB France and reductions in the UK. CEO Mark Gerhard cited corporate sabotage and game issues for the redundancies.

https://wnhub.io/news/hr/item-50759

Aurora Mental Health & Recovery eliminated 111 positions. The center expects a $6.5 million revenue loss next year. This is partly due to a required state repayment. State officials accuse the center of financial mismanagement. Other Colorado mental health centers also face financial strain.

Aurora, Colorado

https://coloradosun.com/2026/05/05/aurora-mental-health-center-layoffs/

If your account was temporarily locked out early this week confirming your pending surplus, what is your current plan? What are you going to be doing different now?

Muhlenberg College faces job losses due to a $10 million budget deficit. The American Association of University Professors (AAUP) confirmed the impending layoffs. AAUP noted faculty typically receive a year's notice, unlike staff. Historically, staff were given hours to vacate offices and escorted off campus. The union advocates for 90 days' notice, salary, and benefits for all laid-off staff.

Allentown, Pa.

https://www.wfmz.com/news/area/lehighvalley/lehigh-county/allentown-area/muhlenberg-s-10-million-budget-deficit-could-lead-to-layoffs-faculty-union-says/article_1263fae8-73aa-4371-8332-643f42df89f9.html

A Columbus AI startup will postpone its upcoming tech festival. This decision follows recent layoffs at the company. A pending lawsuit also affects the company. The suit accuses the founder of firing executives. This was allegedly to avoid sharing future profits.

Columbus, Ohio

https://www.dispatch.com/story/news/local/2026/05/05/ohio-tech-entertainment-festival-2026-delayed/89953871007/

Freshworks is reducing its global workforce by approximately 500 employees. This represents about 11 percent of its total staff. The company attributes these layoffs to an AI-focused restructuring strategy. CEO Dennis Woodside stated that over half of Freshworks’ code is now written by AI. This automation has reduced repetitive work across various functions.

https://www.storyboard18.com/brand-marketing/freshworks-layoffs-over-half-of-our-code-is-written-by-ai-says-ceo-as-firm-cuts-500-jobs-97275.htm

The California Academy of Sciences announced 53 worker layoffs last week. CalAcademy Workers United, representing staff, rejects these job cuts. Union leaders claim some layoffs violate their existing contract. Many affected union members are continuing to report to work. Negotiations between the union and management have begun.

San Francisco, California

https://missionlocal.org/2026/05/union-rejects-cal-academy-layoffs/

I’m going to be watching the managers like crazy today. It will be really obvious if they have an HR coaching on how to fire people.

Anyone know how long the HR meeting is?My manager doesn’t really have meetings today

Maersk will close its Lakewood facility. This closure is effective June 30. The action affects 44 workers at the Lakewood site. Five additional layoffs are planned at its Sumner location. Maersk is a Denmark-based company.

Lakewood, Washington

https://www.thenewstribune.com/news/local/article315650189.html

Henkel US Operations Corporation announced the closure of its Oak Creek facility. This action will result in 57 layoffs. The company plans to halt all operations by the end of September 2026. The facility's permanent closure is scheduled for February 2027. The initial layoffs are set to occur around June 30, 2026.

Oak Creek, Wisconsin

https://www.wearegreenbay.com/news/local-news/chemical-consumer-goods-facility-in-wisconsin-shutting-down-57-layoffs-ahead/

Activist investor Ryan Cohen has proposed acquiring eBay Inc. He sharply criticized eBay's current operating structure and large workforce. Cohen stated that 11,500 employees do not make sense for an asset-light business. He plans aggressive cost-cutting and headcount reductions if his bid succeeds. This strategy aims to increase earnings and accelerate innovation.

https://www.benzinga.com/markets/equities/26/05/52311822/ebay-layoffs-looming-ryan-cohen-says-11500-headcount-doesnt-make-sense-fwor-asset-light-business

Coinbase is laying off 14% of its workforce. This amounts to approximately 700 workers. The company is shifting efforts toward artificial intelligence. CEO Brian Armstrong cited a volatile crypto market and cost-cutting needs. Restructuring efforts will cost $50 million to $60 million.

San Francisco, California

https://www.sfgate.com/tech/article/coinbase-layoffs-2026-sf-22242957.php

G-b bless y’all tomorrow!!!

The Camden School District laid off around 100 employees recently. Students, staff, and community members strongly opposed these job cuts. District officials stated the changes are part of a restructuring effort. They aim to eliminate some positions while creating new ones. Affected staff are encouraged to apply for the upcoming roles.

Camden

https://www.nbcphiladelphia.com/news/local/we-are-down-to-the-bone-camden-layoffs-faces-backlash-from-students-staff/4397537/?amp=1

PayPal plans to cut 20% of its staff. This reduction will take place over the next two to three years. The company aims to accelerate its adoption of artificial intelligence. These job eliminations are also part of a cost-cutting initiative. CEO Enrique Lores stated PayPal underinvested in its technology platform.

https://www.wsj.com/business/earnings/paypal-to-cut-costs-after-profit-falls-dc42baf9

ThyssenKrupp will lay off 110 employees. The job reductions affect its Greer, South Carolina facility. These layoffs are planned for completion by July 5. The S.C. Department of Employment and Workforce reported the cuts. ThyssenKrupp operates as a warehouse and logistics company.

Greer, South Carolina

https://www.postandcourier.com/spartanburg/business/spartanburg-greer-thyssenkrupp-layoff-warehouse-logistics/article_d6cac181-7301-4e83-892e-8dbbc8a39078.html

I had 15 years with the company but my department decided to lay me off instead someone that’s been there 2 years. That’s not fair at all. I trained people, was always on time, worked weekends and overtime while being salaried, all that dedication and this is the thanks I get. I’m very hurt and disappointed in UHC. They have no loyalty at all! I will never work for them again good riddance!!

Build a Rocket Boy recently laid off an undisclosed number of employees. Reports indicate 170 staff were affected, leaving around 80 remaining. This marks the third round of layoffs for the developer in the past year. Previous cuts included the closure of BARB France and 300 UK-based employees. The company is undertaking a "reset" for its game MindsEye after negative feedback.

https://www.gamesindustry.biz/build-a-rocket-boy-reportedly-hit-with-more-layoffs

Anyone has more info?

Is it true that they will lay
off less than 30 people? Is this the total number or the number for each legal entity? End of May is when people will need to leave or when they'll be notified?

FA will be undergoing a massive change. Expect more layoffs and restructuring

New managers have gotten to know team members by now. Do you think they are working on deciding who stays and who goes in second wave?

https://time.com/article/2026/04/30/oracle-layoffs-ai-tech-jobs/

Got word today that the SVP is gone "retiring". Wild news, sounds like more to follow. Usually this is the fuse that lights the fire. Layoffs and a reorg are definitely coming to CS. Makes sense though, you can't have 2 SVPs over CS and Retail.

Don’t give to UW through work (give on your own if you can still afford to do so). Billy can make up for the difference.

Don’t volunteer for Grow Up Great (go help your local school on your own). Billy can take his limo to the schools and make up for the loss in hours.

Don’t attend EBRGs until flexibility is restored. The firm uses EBRGs as evidence of engagement. Continue to support each other, but do it on your own.

Don’t let PNC (Pune - Chennai - New Delhi) take any credit for your community involvement. Let those new employees in our overseas hubs, who are quietly replacing us, step up and show their community support. I have no spite toward the individuals overseas, but since Billy has made the decision to layoff his U.S. based workforce and hire overseas, there is no way I am letting him take credit for my support of UW, Grow up Great, or involvement in EBRGs.