#layoffs

How does a company justify not paying severnace even though they are making headlines for record profits? Do you think the 5 digi severnace they give is that hard?

I got laid off January and still waiting on severnace

Amazon: 16,000
UPS: Up to 30,000
CIti: 20,000
Oracle: 30,000
And now SNAP: 1,000

All aboard the layoff train with an 'investing in AI' lie. Instant stock boost with no real product or service delivery while the exec team lines their pockets while failing to perform.

Is this capitalism?

A few C14s in my team were RIFed as well as a C15. We were under Ross Callan. Offices impacted were Delaware, NY, Texas, and Florida.

Day after the earnings call. Classic.

Fact's -

The Fed under Chairman Jerome Powell since January 2026 has printed an additional $125.0 Billion in currency to prop-up the U.S. economic-financial system.

Fed money printing over time since 2009 does add to the (current) U.S. National debt of $39.1 Trillion (and rising) with a (current) debt-to-GDP ratio of 124.87% (and rising).

Note - The U.S. taxpayer pays the Interest on the U.S. National debt (each year) to other Investors that finance it (U.S. based, Japan; China; etc.).

Interest paid on the U.S. National debt (just surpassed $1.02 Trillion a year per usdebtclock).

To think that the Unemployment rate approaching 15.0% through AI workforce disruption through 2027 (at least) wouldn't cause (Very significant) damage to the U.S. economy is ludicrous.

It (actually) easily could.

These are the facts.

Yes, even with this economy and the dismal job market. That's how unbearable this place has become for me.

Don't ever forget it. You're more likely to get laid off if you're skilled, experienced, and outperform than if you're an average slacker who's just good at office politics. The better you are, the higher the chance you're deemed too expensive for a company that cares neither about the quality of its people nor the quality of what it delivers.

Laying of 10% of the workforce will boost the company stock. Ford has too much waste in their workforce.

The modern Ford Motor Co. has emerged, CEO Jim Farley said Wednesday as the company detailed some restructuring and said it will refresh 80% of its North American vehicle volume by 2029 as a part of its efforts to compete against new competitors like Chinese brands.

Former Apple Inc. executive Doug Field, Ford's chief EV, digital and design officer, will depart over the next month as Ford prepares to launch next year its new Universal Electric Vehicle platform.

I saw someone mention Risk might be affected as well, but I haven't heard any updates.

A few people from India product, US sales, rich media and US cx were let go today. Amidst what they call content transformation automation restructuring

It boggles the mind, no matter how you look at it. Sorry to everyone affected. I have to believe there are companies out there that actually value what you bring.

I heard about on-going layoffs in D&AI. I know someone who got laid off.

Is this one off usecase or more is yet to come?

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

Anyone hear anything different ?

I heard it's starting on the 28th of April and that M4s have a list since the beginning of April.

Is it true?

Over 25 years with this company, and got my layoff in an email.............how great is that? Great place to work.....NOT..................we are all a number now..........remember this........profits over people............the private equity firm su-ks........

I have heard of a couple people who were impacted by this and told yesterday. Anyone else hearing this?

We had some bs under Charlie but never have i ever experienced anything like this now under Robin. It has become so toxic and everyday could be your last with what they have been doing to employees. And yet he goes on the news or does his little interviews and has everyone thinking hes amazing and doing great things

Our small group was told April 23 is the date

I FINALY RELEASED WHAT THE MOTO MEANS.

I heard this moto many times in All hands meetings, they essentially say "Do More with less" in the context of AI, to encourage you to feed your work details to AI so they can train capable models to replace you eventually.

BUT from talking to many engineers in EMEA, which haven't seen a promotion in years now despite having good reviews.

Executive compensation keeps increasing while workers keep getting laid off. Proposal 3 - vote against. Proposal 4 - vote against. Make your voice heard if you own stock in Citi through the 401k plan. Proxy statements and ballots were rec’d in mail yesterday. Check box to keep vote confidential.

I know someone who lost their job in P.A. today who said a dozen of their colleagues did too, including U.S. based managers.

Head of mobile business reassigned?

Yes entire team. We all got invited to a single business update meeting and then the director told us, this team is redundant.

Assuming more layoffs tomorrow.

When will this woman suffer the consequences of her actions?

Stock is tanking today. Normally, after a big RIF, the stock market reacts favorably.

She is TOXIC.

Gail or any of her flying monkeys that read this - STOP, just stop your greed and corruption is beyond even the great COVID scam.

SAP has been keeping a close eye on how Joule and AI agents are being used within the company. They also track the time employees spend and the links they click on SAP product pages. Layoffs are on the horizon, and they’ll be viewed positively if they demonstrate AI efficiency. It’s easier for the executive board and HR to justify cutting 10% of the workforce by claiming that Joule has made us more efficient. This narrative is the best SAP can present at Sapphire. To enhance this story, Sapphire's theme revolves around two main points. First, we have a wealth of data on employee performance, which is stored in a global repository for decision-making. Performance Management majes it easier of course. Second, AI can analyze raw data to generate insights and recommendations that boost operational efficiency. Although these algorithms are complex, AI agents simplify resource management for 'managers' because of their conversational skills. Now, here’s the kicker: SAP has improved efficiency by reducing its workforce by 10%. That’s a significant win for the Sapphire narrative. In fact, over the past few months, SAP has been promoting SuccessFactors AI and HR-related application AI, with management constantly focusing on operational efficiency.

So why is there skepticism about layoffs? Our executive board has openly stated their desire for layoffs and aims to make the transition tough for employees. The funds for executive bonuses and share buybacks aren’t coming from customers, so they have to come from the workforce. Since customers aren’t buying into the narrative, SAP needs to provide the proof using substantial layoffs. That is the only way the share price will go up and some gullible customers will help improve SAP's cloud backlog.

Overall, not a bad quarter at all! So it was definitely justified that you got a raise that didn’t even keep pace with inflation and the execs got like 15-20% extra. Keep working hard digging your own grave folks. That’s the only way this works.

The plan is that there will only be a skeleton crew in the US once ALL the cutting is done to still claim we are an American company. Farewell Five9, you were once great.

I heard sales people will be targeted as per previous treads but will managers from different departments will be too?

Epam HR and internal big brother tooling make work environment absolutely toxic and anxious. Now we all fight for one position which advertised as “any location”. As a full stack lead, I need to self apply to many so called open roles, to find that i am one of dozens of candidates, pass interviews and find out that my rate card is above SOW. Or someone is better fit, or project postponed, or backfilled etc etc. Total chaos with constant HR pressure, forced vacation days use. I know many people who quit on this torturous conditions like myself

Budgets cut, no new programs - everyone scared to admit (I’m not working on anything) out of fear.

I’m a SD here for 15 years this is as bad as I’ve seen.

It would be a welcomed change to be layed off.

Wells Fargo’s head count has fallen as the company tries to curtail expenses.

The company reported having 201,000 employees at the end of the first quarter, down from 215,000 for the same period last year, a 7% decline.

The bank reported that noninterest expense came in at $14.3 billion for the quarter, up $439 million, or 3%, from the same period last year.

Wells Fargo said personnel expenses rose $119 million due to higher compensation expenses in its wealth management unit where it has thousands of highly-paid financial advisors.

I have heard that 20% of NTWs will be rolled off by 5th May. Is it true? Are they coming back to full timers again after this? When will be the end?

Elon will personally oversee it.

HR is failing. After 35% cuts, the Business isn't happy with there performance. GV is done. JS is now leading learning and talent. He is hiring a consultants to layoff 75% of staff (MW must be interviewing his ethics for being our next CHRO). RP is spending more time with her boy toy than caring about the HRBPs. HRBPs are about to get slayed. All the while, GBS is about to get crushed by AI. LD is LD. She is awful. Needless to say, disfunctional leadership will cause many layoffs this year and next.

Which team and location?

Hope they all get laid off

If we all banded together and we could see the names, sees and ages you better believe there is clear evidence of racism in these layoffs.