#rumor

I really hope those saying 5% are closer to the truth than the ones mentioning 10-15%. Don’t get me wrong, every person matters, and every job loss is tough. I just hope more people get to stay. The job market is brutal these days.

And is everyone on the list supposed to find out that same day?

Can’t believe she didn’t even announce it herself and had someone else speak for her. She’s probably just done with all the ** and called it quits.

I’ve been hearing some wild rumors, and I really hope none of them are true.

At least it won’t be a drawn-out process, which would only make things worse. Good luck to everyone.

So far, it seems like folks in Ireland have been having a rough week. Nothing yet here, as far as I can tell. The newest rumor is that the big round might happen in the second half of November.

I honestly don’t know what to think anymore. This whole ordeal - the escalating rumors, the lack of official communication, and the high likelihood of layoffs, whether large or not - is making me really, really stressed and exhausted.

Just overheard a Sr. Director say that on 10/28 BC plans on tossing the target Lego dog from the C suite lobby onto nicollet mall and then shouting "good luck with this mess everyone" and then retiring early.

Have the BAH holdouts been given an ultimatum to RTO or be terminated?

Has anyone heard of any big leaders "retiring" or leaving the company?

It would seem this is a poorly kept secret that Verizon Connect likely will be sold. Recent activity by leadership looks like they are best positioning the company's cash position and unexpected re-alignment internally. The stars are aligning.

I’ve heard that FISERV may be in discussions to acquire us by early 2026. This isn’t entirely surprising given that our platform’s design and user experience feel outdated. Additionally, client support has been declining—particularly with offshore teams struggling to understand use cases, which often leads to delays while clarifying issues.

Heard that there was a last minute upstream communications yesterday afternoon.

Any idea what is that about?

Be prepared

Overheard in office
Managers and directors are preparing list
Any other info

https://www.linkedin.com/news/story/meta-plans-to-cut-600-jobs-in-its-ai-superintelligence-labs-6717116

Heard the rumor above. Anyone else have details or confirmation?

Not sure.... tbh I'm curious as well and what types of rumors?

Rumor from WCIB is that we will be expected in office 4 days a week. Guess they are trying voluntary layoffs again to get people to quit.

I’ve been hearing rumors of layoffs - that it was supposed to happen in September, then October (but still nothing) and I also heard December. Does anyone know when?

I slacked Brian today asking him if the layoff rumors were true.

He reacted with the omg bullseye emoji

We’re cooked

So is it actually happening tomorrow? I know there was a meeting with leaders today but what was the outcome?

For everyone saying “I’ve heard” followed by some sensational claim like there are palettes of boxes at TPS, please recalibrate your plausibility sensors or find a different outlet for your gossip.

For those lurking, hoping to find a droplet of truth, throw out half of what you read here, and remain skeptical about the information you’re left with.

Layoffs are coming better hope your not on any list.

Is it going to happen on a Tuesday? I heard it was this Tuesday but now people are saying next Tuesday? Why Tuesday and not Friday?

Just announced...November 5.

So… brace yourselves 😬
I just got word from a very reliable source, Friday’s Town Hall is reportedly going to be about RTO… four days a week.

Yep. You read that right. Four. Days.
Consider this your early warning

Not thrilled (at all) about this, but… you heard it here first.

Any new information? Just seeing people vent (which is understandable). This is too big and widespread for nobody to know anything

I’ve heard there are pallets of boxes on the lower floors downtown. Is anyone seeing that?

looks like there might be more coming

Whenever there are cuts somewhere else, I feel like that's just a prelude for us. Maybe I'm just being paranoid, but I can't help it.

Any truth to these rumors? If the answer is yes, fu-k Citi. That's all.

1. Given the mix of signals: yes, there is a non‐trivial chance something will happen (at least in some business units).
2. No, the rumor of an across-the-board, massive layoff next Tuesday is not firmly substantiated. It’s best treated as a possibility being promoted by this contributors who are scared or repeating rumors, not a certainty.
3. So if we were to assign rough probabilities (just an estimate):
   A. Some layoffs in certain units in the near term: ~60-70%
   B. A broad, company-wide massive layoff next Tuesday: maybe ~30-40% or less
   C. The status quo (no major layoffs) is still plausible: ~20-30%

Target has been doing smaller, quiet moves all year. There isn’t a need nor desire to do something so massive that it further erodes consumer confidence, invites more scrutiny from additional boycotts, and possibly drives away top talent while paralyzing those who stay. More likely it will be continued, surgical cuts while bolstering/hiring for areas that leadership believes will drive positive change for shareholders.

I know it’s tough not to panic, but take a breath. You have zero control over what happens to you and your peers, unfortunately.

Bumping this from @bn+1k819dxn1.

If more layoffs are supposed to happen this week, then I'm assuming it's going to start today? Tuesday through Thursday are usually layoff days, for whatever reason.

Has anyone else heard that rumor from Oregon about more layoffs coming in mid-November? I’m trying to figure out if there’s any truth to it. The only thing I’ve actually heard from people I work with is that some teams are merging and a few folks are being moved around. That could easily explain some of the chatter.

So when I saw a Reddit thread claiming that a supervisor told a tech “more layoffs are coming,” I wasn’t sure how much weight to give it. There’s been so much speculation lately that it’s hard to tell what’s legit and what’s just people trying to fill in the blanks. Has anyone heard anything?

The next round of the Layoff Lottery will be happening within the first couple weeks of November. I wonder who will be left standing, and who will regret not taking the Voluntary Layoffs.