#downsizing

The rumors have been floating around for weeks now that more is coming, but nothing official just yet. Has anyone heard a date or even a rough timeline for when the next round is supposed to start?

This doesn’t feel like isolated cuts anymore. It feels more like they’re opening and closing the faucet so they don’t flood the house all at once. But the flood still feels like the end goal, just delivered gradually enough that people get used to it.

I think revenue will continue to decline, staff numbers will decrease every year and the company might survive as a content company , cloud based with around 8k employees

It's also conceivable that content may not even save us as better products become available. If this is the case then the company will likely dissolve in around 5 years time

So what do people think are the chances of serious layoffs (i.e. 2,000+ people) in August?

a.) 0% - No change
b.) 25% - So you're sayin' there's a chance.
c.) 50% - Coin flip
d.) 75% - More than likely
e.) 100% - Death and taxes

Upwork will cut 24% of its staff. This decision followed a recent earnings update. Upwork now expects lower full-year revenue. It also faces increasing legal scrutiny. Upwork's share price has sharply declined.

https://simplywall.st/stocks/us/commercial-services/nasdaq-upwk/upwork/news/assessing-upwork-upwk-valuation-after-earnings-cut-guidance

Without the financial support of the rest of the organization, the bank would have ceased several years ago. This goes all the way back to General Joe, when the growth of the bank should have resulted in changes that were left ignored, resulting in the start of the consent orders. Then, through total mismanagement, the consent orders still remain after 6 years. Several large banks and insurance companies operate under a legacy IT structure even now, with all the downsides to that model. The bright idea of devolving back to that model here will undoubtedly ki-l the patient

Down 4% already today , a big gap down

Up days were on low volume, fund managers are getting out of this stock

OT won't be in existence in it's current form in 12 months. At 15 bucks it will be taken by PE

Takeda announced plans to cut approximately 4,500 employees globally. This makes May 2026 the most significant month for biopharma layoffs this year. As of May 15, 6,739 biopharma employees were laid off or planned for reduction. This total exceeds February's 3,713 and May 2025's full month total. Despite fewer companies making cuts, the overall number of affected employees is rising.

https://www.biospace.com/job-trends/takeda-cuts-send-layoffs-soaring-in-may-rising-year-over-year

For those who keep asking "are layoffs done," the answer is always going to be no. Maybe there won't be many large rounds anymore, but small cuts are happening all the time. Just ask around. We're in the stage where layoffs are just another fact of life.

I m hearing there was another round today .. is it true ?

Does Ford feel like they're ready to jump on this AI downsizing bandwagon? We are a tech company now.

Given the times what happening around the world, internal struggling, competitors with strong growth day by day, no wonder stock going down.

Idk if can be anyone or it’s a specific department or is it random?

Anything on the horizon ? I presume after March that we are clear until October ?

ProFrac Services, LLC will lay off 157 workers. These layoffs are at its Vernal oil field. The company cited a significant local market downturn. The layoffs are scheduled to begin May 26. ProFrac Holding Corp. is the parent company.

Vernal, Utah

https://www.sltrib.com/news/2026/04/18/vernal-oilfield-plans-lay-off-more/

The stock fell 44% in a year. 33% in the last 6 months. This company is going down or getting sold in the near future.

Bowie State University will eliminate 79 jobs. This action includes reorganization, vacancies, and layoffs. The university is currently facing an $18 million deficit. This marks its second multimillion-dollar budget shortfall in two years. The total workforce will shrink by approximately 6%.

Bowie, Maryland

https://wtop.com/education/2026/05/bowie-state-university-to-lay-off-employees-amid-18-million-deficit/

Recently a number of colleagues received performance letters that clearly state they need to be 100% for Q2 or they could be subject to termination based on their performance.

Do you think this is a way for MO to downsize the company without having to pay a severance? I don’t buy for one second that he wants to add more sales representatives. We have downsized starting all the way at the top (I.e ZVP’s/Sr. Dir) but the layoffs never really hit sales.

As a rep, it will be open territory season soon. Get your popcorn ready! I feel bad for my manager. I doubt they will backfill the positions. Managers/directors will get stuck with the quota with little to no production coming out of the territory. I am sure they will be pi---d considering they are paid based on percentage of plan.

5/14 D-Day

Packaging manufacturers are implementing significant workforce reductions and facility shutdowns. Clearwater Paper is cutting 70 positions and 50% production capacity at its Arkansas mill. Gerresheimer Glass will close its Chicago Heights plant, terminating 172 employees. Graphic Packaging International laid off over 500 staff to achieve $60 million in cost savings. Oliver, TriMas, and Veritiv Visual are also closing plants, affecting dozens more workers.

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

Anyone know if there are layoffs coming ?

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

Revenue down, missing expectation all around, and they’re still buying back shares, rather than paying down debt? Sounds really delusional. And Mike and Dhyvia is about to implode this thing. Bo-b it completely.

Earnings fell short, stock dipped 10%

Looks like Mother Mutual is not only downsizing its company vehicle fleet, but also its executive jets.

No more Challenger 600's.

Now its down to four Gulfstream GVII (no, that's not GV eleven, Ms Ilhan Omar).

https://www.planespotters.net/airline/State-Farm

With all the Risk folks getting downsized, I was wondering if anyone has experience on retaliation claims. The conduct risk person said they review claims but only a small amount are deemed true retaliation. Funny how the training we take outlines examples of retaliation but those are not retaliation when Conduct Risk investigates.

Dodging responsibility yet again like that case in the Charlotte observer.

Charlie and Bei should be ashamed of themselves. WF is Not a top 5 company for employees…

Anyone know the real numbers? I fear these numbers are artificially LOW…

This talk of going back everyday, it’s simply trying to downsize the firm. No way around that.

What if the Johnson Je-k Circle realizes this is a really painfully bad idea some time into 2027 when they’re already executing it. There’s a reason only certain places are executing this first.

Let’s say they finally make their alignments exactly how they want them to be organized. Be it making teams colocated, or whatever else they want to do. Then they realize “hey, some of these teams work better remote, and we’re impeding their ability to work”. Like software engineer teams. And then you have other positions who need an office to perform to the best of their ability.

The vast majority of us can say this is a grave mistake Abby is making. What if this is the mistake they need to make to realize that they need to go back to the old way, where there was more freedom for people who only had to go to the office for legitimately boosting work output?

If it took us all one year of doing this experiment, then for the overlords to get their ducks in a row… then the remainder of us who survive the layoffs could be allowed to work to the best of our ability, be it being remote or in the office if we need to be… then, maybe that’s what we just need to power through, if we have the ability to power through it.

It’ll be incredibly annoying of course, but, what if this is what it takes for them to let us go back to a work environment that’s accommodating to all of our individual needs?

Is this the last round of layoffs or will it continue in phases through 2026 and into 2027 as well?

Hear Elimination of HO/Upstream/Facility Service Regionals , Downsizing FS Manager Qty and streamlining to less directors. Overhead cuts look to be on Horizon......

Does anybody know ANYTHING about when we might expect to see more cuts?

Behaviour Interactive has faced backlash following a recent round of layoffs that included a senior animator responsible for key work on popular Dead by Daylight characters. The timing of these staff reductions has drawn significant criticism as they occurred just one month before the game's 10th anniversary.

Key issues surrounding the situation include:

Potential Strategic Downsizing: Reports suggest the company may be conducting smaller, staggered layoff rounds to avoid the public and regulatory scrutiny that accompanies larger workforce reductions.
Corporate Expansion vs. Internal Cuts: The studio has continued to acquire other companies, such as Red Hook Studios and The Fun Pi-ps, while simultaneously reducing its own headcount, leading to questions about financial priorities.
Questionable Public Messaging: Criticism has been raised regarding the company's decision to promote a new, paid Rift Pass featuring legendary skins on the same day these layoffs were made public, highlighting a perceived disconnect between commercial activities and the treatment of employees.

Looks like this round will end up huge.

I've been watching and I'm convinced. Nothing good is going to happen here anymore. It's all downhill from here. If you have any way to leave, do it now. It's coming. Whatever it is, it's coming.