#workforcereduction

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

Chainsaw wants to chop another 20%

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)

The Livermore Valley Joint Unified School District board will consider employee terminations. About 15 full-time equivalent positions are proposed for reduction. These cuts are part of a $14.8 million budget adjustment plan. Classified employees, including paraeducators, are most affected. The district must issue layoff notices to employees by May 15.

Livermore, California

https://www.livermorevine.com/education/2026/05/12/lvjusd-board-to-finalize-employee-layoffs/

Hengst Filtration announced 77 job cuts. These layoffs affect its Camden, South Carolina facility. The permanent reductions will happen from July to September. Hengst is the 21st company to announce state layoffs this year. The state's total job losses this year now exceed 2,000.

Camden, South Carolina

https://www.southcarolinapublicradio.org/sc-news/2026-05-11/with-kershaw-plant-announcement-layoffs-in-sc-cross-the-2-000-mark

Huntsman Corp. will cease nitrile latex production at its Akron facility. This change is scheduled for the end of the first quarter of 2027. The company plans to lay off 25% to 30% of its Akron workforce. Increased low-cost imports from the Far East are cited as a factor. Huntsman will continue other polymer manufacturing and focus on new materials in Akron.

Akron, Ohio

https://www.beaconjournal.com/story/business/2026/05/12/texas-based-huntsman-corporation-adjusting-its-manufacturing-focus-in-akron-nitrile-latex/89983377007/

Christianbook is implementing a workforce reduction. Fifty positions will be eliminated at its headquarters. A WARN notice was filed in May. These job cuts are scheduled to begin July 6. The company did not state a reason for the layoffs.

Peabody, Massachusetts

https://www.masslive.com/news/2026/05/beloved-north-shore-retailer-laying-off-50-employees-from-peabody-headquarters.html

Laying off the people who do the work while keeping the people who just attend meetings. That's not a strategy. That's self destruction.

What does the agency footprint look like? Fewer agents? Far less support staff? AI self serve?

General Motors is laying off 500 to 600 information technology workers. These job cuts affect employees globally. The company aims to reorganize its technology operations. GM stated this reorganization requires different skills and reduces overlap. This marks the latest round of white-collar job reductions for the automaker.

https://www.freep.com/story/money/cars/general-motors/2026/05/11/general-motors-layoffs-may-2026-job-cuts/90030898007/

MRI Software reportedly announced layoffs affecting its workforce. Up to 200 workers are reportedly impacted by these job cuts. The company specializes in real estate management and investment software. MRI Software is based in Solon, Ohio. The firm was previously known for its hiring practices.

Solon, Ohio

https://www.crainscleveland.com/real-estate/commercial/ccl-mri-layoffs-2026511/

GitLab announced a company-wide restructuring effort. The software company plans to reduce its workforce by June 1. This restructuring aims to meet the demands of the "agentic era." Changes include flattening management layers and reorganizing R&D teams. The CEO stated AI agents will automate internal processes, affecting roles.

https://www.businessinsider.com/gitlab-layoffs-memo-2026-5

General Motors is laying off hundreds of salaried employees. These cuts impact its information technology operations. The reductions began on Monday. Around 500 to 600 employees are largely affected. The automaker aims to cut redundancies and reevaluate workforce needs.

Detroit, Michigan

https://www.cnbc.com/2026/05/11/gm-layoffs.html

They’ve cut ~20% of the workforce today as, “ the business reorganization we announced today, which will impact approximately 20% of our global workforce. The intent of the reorganization is to simplify our global engineering operations, reduce our fixed costs, lower general and administrative expenses, and accelerate our move up-market and away from down-market SMB.”

Good luck to those moving to RS. Do we know an actual confirmed number of staff who will tupe across and what what relationship to the product ie engineering, support, sales etc?

Nearly 38,000 US jobs were cut in the first 10 days of May 2026. This affected sectors like technology, finance, and aviation. Spirit Airlines ceased operations, impacting 14,000 employees. Many companies cited AI-driven restructuring and cost reduction plans. Kyndryl, PayPal, and Cloudflare also announced significant workforce reductions.

https://americanbazaaronline.com/2026/05/10/us-layoffs-in-first-10-days-of-may-2026-nearly-38000-jobs-cut-480502/

Packaging manufacturers announced over 500 planned layoffs in March. These workforce reductions will occur in the coming months. Advanced Packaging, Genpak, Millwood, PCA, and Smurfit Westrock are among the affected companies. Plant closures are planned in Maryland, Utah, Illinois, Virginia, and Massachusetts. Genpak cited rising polystyrene bans for its Cedar City facility shutdown.

https://www.packagingdive.com/news/march-2026-packaging-manufacturing-closures-layoffs-genpak-pca-smurfit-westrock/816222/

Did anyone from Talensource get let go?

They will get to their 30% and another 10k -
The slow drip is ki-ling us

Weaker businesses are to be slashed significantly as the new focus on AI technologies and AI infrastructure.

People keep saying the cuts are done or will end soon. I've been here long enough to know they won't. This is just how we operate now.

With the whole Cognizant thing done, are those of us who're left behind safe at least for a while?

Meta got sued for age discrimination. See https://www.linkedin.com/pulse/called-them-dinosaurs-lawsuits-began-ai-bias-hiring-more-vanderburg-wff9c.

The data cited in the lawsuit is stark:

Employees over 40 were 1.5x more likely to be laid off than employees under 40.
Employees over 50 were 2.5x more likely to be terminated than their younger colleagues.

The workforce reductions last December appeared to disproportionately affect employees with older ages. Is there any public data support my observation?

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

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

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.

More than 5,800 federal public lands workers departed last year. This affected eight Mountain West states. Agencies like the U.S. Forest Service saw significant declines. Many workers were reassigned to the Interior Secretary's office. This reorganization may lead to slower decision-making.

https://www.cpr.org/2026/05/07/how-many-federal-public-lands-jobs-did-colorado-lose/

Ticketmaster cut approximately 350 jobs globally. This reduction represents 8% of its total workforce. The layoffs primarily affected engineering, product, and design teams. The company cited stronger prioritization and restructuring efforts.

https://qz.com/ticketmaster-layoffs-350-jobs-engineering-design-050726

The Energy and Environmental Research Center at UND implemented workforce reductions. Forty benefited employees were affected by this decision. This total includes 27 permanent reductions and 13 temporary furloughs. The EERC plans to rehire furloughed staff as funding and operational needs allow. The EERC previously employed around 210 people.

Grand Forks, North Dakota

https://www.grandforksherald.com/news/local/unds-energy-and-environmental-research-center-makes-reduction-in-force-due-to-delays-in-funding

After todays announcement, it's sure 100% layoffs are happening, do you know what will be the severance, if they will do mass layoffs do you think they will increase severance?

https://www.reuters.com/business/verizon-cutting-few-hundred-jobs-nationwide-2026-05-07/

Google says vz has 89,900 employees. The count of contractors is not available. Could contractors be included in the "total" global workforce count (as referenced in several new stories about the firings)? The number of fulltime employees is 89,900 (per Google). The count of contractors could be 10K, 50K, 100K....

Verizon layoffs 2026: hundreds more jobs cut nationwide [ Yahoo Finance ].
Colleen Cabili
Thu, May 7, 2026 at 3:03 PM EDT

About six months after eliminating more than 13,000 positions in its largest-ever single round of layoffs, Verizon has confirmed a new wave of cuts totaling several hundred jobs across the country.

Without offering a precise figure, Verizon characterized the scope as under 1% of its global workforce, Business Insider reported. Smaller business units bear the brunt of the reductions, with Verizon's Basking Ridge, New Jersey campus seeing the heaviest impact.

"We're continuing to add head count to grow parts of the business that are growing while making targeted job reductions to portions of the business where this is needed," a Verizon spokesperson said in a statement.

At a time when many employers have pointed to AI as a rationale for headcount reductions, Verizon explicitly ruled out the technology as a factor in these cuts. Workers who lose their jobs can pursue any of the more than 1,000 U.S. roles currently listed on the company's careers page.

On last week's earnings call, CFO Anthony Skiadas described the company as operating with a leaner structure since the prior year's cuts and signaled that efficiency efforts would extend past 2026. During the same call, CEO Dan Schulman highlighted AI's growing footprint at Verizon, pointing to reductions in vendor support costs of up to 70% and a 40% gain in software code output.

When announcing the November 2024 cuts, Schulman characterized the scope as company-wide and said the savings would be redirected toward improving the customer experience.

https://finance.yahoo.com/markets/stocks/articles/verizon-layoffs-2026-hundreds-more-190352303.html

https://www.businessinsider.com/verizon-cuts-hundreds-of-jobs-in-latest-round-of-layoffs-2026-5

Delta Air Lines confirmed organizational restructuring is underway. This includes some level of workforce reduction. The airline disputes rumors of massive 8% layoffs. Changes are driven by organizational needs, not external factors like oil prices or AI. Several top-level executives recently retired.

Atlanta, Georgia

https://liveandletsfly.com/delta-air-lines-layoffs/

Verizon is cutting several hundred US workers. This action follows 13,000 job reductions in November. The current cuts represent less than one percent of its total workforce. Impacted employees are located across the US, with a focus on New Jersey headquarters. The company confirmed these layoffs are not due to artificial intelligence.

Basking Ridge, New Jersey

https://www.businessinsider.com/verizon-cuts-hundreds-of-jobs-in-latest-round-of-layoffs-2026-5

15% cuts happened in GTS today

They started laying off people in my dept today. I do not know how many

Rumors here in the tower is that the layoffs have begun. Seen couple folks packing up and being escorted out by security.