#layoffs

Everyone make sure you understand the current business model. 80% of all employees at State Farm, including Leaders, have been here 5 years or less. They are getting rid of U/W, Fire ILR, Chat, Customer Support etc... Around 70% of Auto and Fire claims employees have been here 2 years or less. Wake up! This company is what you call a churn and burn or a pump and dump scheme! They have to message how "people" are the most important thing but in reality they will do everything in their power to make you leave and especially do not want you to get severance or be eligible for unemployment. They make you work in a totally understaffed meat grinder, reassign and then reassign you again to horrible departments. With the constant turnover, they load level others work to the people that are actually good employees which burns them out even quicker. This is not based on stupidity or incompetence but it is a cold, brutal calculated plan that corporate America is using to destroy the American worker. Regain control in their minds. Find a way out and for the love of God do not buy any State Farm products! Tell friends and family too! These people are trash and will do anything to you to enrich themselves.

No rest, no relaxation, no relief...now we start figuring out when the next round will happen because we all know there'll be a next round. I hate it here.

I learned recently severance was not legally mandated. I honestly thought it was, because, why would they pay us to leave if they didn't have to? So now I can't get that out of my head and wonder what if they really decide that severance is not something they want to bother with?

Girl Scouts of the USA approved the sale of the Edith Macy Center Hotel. The property faced declining use and annual financial losses. BMC Benchmark Management Company is now laying off 49 employees. Layoffs will begin on April 30, 2026, and continue until July 13, 2026. This coincides with the hotel's planned closure and decommissioning.

Briarcliff Manor, New York

https://whatnow.com/new-york/local-news/longtime-training-center-near-manhattan-set-to-close-impacting-49-workers/

If the next date is really March 31, why wait? Why not do it right now? Why put us through more stress? I honest to goodness don't get it.

Nilfisk Inc. is permanently closing its Brooklyn Park facility. About 105 workers are expected to lose their jobs. Employee separations began in December 2025. Layoffs are scheduled to continue through July 2026. The Minnesota State Rapid Response Team is overseeing the layoff response.

Brooklyn Park, MN

https://patch.com/minnesota/maplegrove/mass-layoffs-hit-brooklyn-park-aerospace-supplier-shuts-down

rudential Financial Inc. filed another round of layoffs in New Jersey. This action brings the total job cuts at its Newark headquarters to 237 since July. The latest notice covers 54 positions expected to be eliminated between May and June. These workforce reductions are part of an ongoing organizational structure review. The company evaluates operations to align with evolving customer needs and strategic priorities.

https://www.insurancebusinessmag.com/us/news/breaking-news/prudential-layoffs-in-newark-reach-237-569944.aspx

Put a bad review and fire people?

How deep do people think the cuts will be on the head count?

Reading the flurry of posts here is tough for me as I'm sure it is for many others with survivor's guilt. Can't help but want to leave ASAP from this sinking ship. FWIW, here's what I learnt about the situation today (some of it repetitive of what's already been shared).

This is a pilot initiative affecting CIO, Dev and PS.

Affected capital markets solution groups for pilot = IAM (InvestTran, InvestOne) and Data (DIM, PIM, CAM).

Cap markets pilot is just for these solution groups in 2026, with full rollout planned in 2027 across others. Obviously these timelines are subject to change.

LoB (line of business) was kept in the dark until this week.

Effective immediately: people being RIF'd (backfilled in Zensar) and rebadged (moved under Zensar). RIF announcements were made today.

RIF vs rebadge is based on employee grade and where Zensar has offices to take on ex-FIS staff.

But hey, glad that didn't stop the company taking its top brass and the 2025 leading sales performers (and their +1s) to a fancy resort in Switzerland via business class for a week.

For shame, FIS leaders. It's not that we don't understand shareholder primacy, it's just that this all feels like it was so avoidable.

Here is the rundown:

Moving to a 'open contribution' model. Near 100% adoption of AI across the company.
Moving to an 'AI first' mindset. Ty Thorsen (SVP) announcing new 'AI transformation' team to force the use of AI across the board for all engineers.

Still have no growth strategy, just directions and empty promises, AI is taking over increasing burnout, you know what that means...

Moving fast fast fast and faster, more speed more acceleration more efficiency, aiming higher doing better bigger goals yap yap yap typical corporate jargin bla bla bla be excited about company growth (dont ask for more pay)

Karlheinz wurm could not pronounce 'cost', kept saying 'co-k'

Overwhelming negative feedback in the Q&A about RTO.
The anonymous questions are funnily brutal, the top voted one:
"As an office-first organization, shouldn’t all the leaders on this call be present at their main collaboration sites?"

Ty Thorson (SVP) """"answers"""" RTO concerns:
'While individuals might be more productive at home, teams are more productive working together in person" holy cope

"we are not the only ones doing this..." slap to the face

"Were leading this with a carrot, not with a stick. We are hoping the people will appreciate coming into the office for their team" trying to blame YOU for their bad decisions

Then they start blatently deleting all of the tough-to-answer RTO questions. Absolutely comical as more and more people ask "Why are you deleting RTO questions". So much for being a transparent company.

The rest of the questions are sidestepped and doesnt really answer anything, typical corporate vetted PR talk around the use of AI and how its going to change the world.
Constantly reciting the absolutes, like "all", "most of", "best", "must", "fully", "completely" etc.

People are asking some really brutal questions now, example:
"Someone deleted the question??? Please have all leaders show who is currently in the office if we are to believe you are leading by example"

They keep deleting questions rapid-fire.
Atmosphere gets tense.
No actual questions answered.

"I see concerns about topics like RTO, please message xyz if you feel this way"

"Will we compensate people for gas and time lost coming into the office? Thats not part of Cisco's policy its your responsability to take care of that" lol thanks lets create a problem and expect you to pay for it

The questions in Slido get REALLY heated now, moderation is working overtime deleting messages. More and more questions on compensation not increasing with inflation.

Out of all the leadership speakers, only 4 were in the office.
Everyone couldnt even come into the office to give a talk about returning to the office.
Great lead by example.

The rest of the meeting was a big nothingburger.

It cannot be any clearer how dogshit current leadership is.
If you havent quiet quit by now, this is your signal.

Were there layoffs within this team or has it always been a mess?

It’s year end, how many people will be laid off this time?

This happened to my team mbr. IIRC he was in his 70s. During the final meeting, he said he enjoyed the work and he literally said he wanted to work longer, but he got the hint from the VRP.

What would have happened if he didn't take VRP? Laid off anyway the next round?

Did you use AI today? Did you automate your job so we can fire you?

Check out the SEC sales on C level stock sales. Even the President is selling her shares while touting that everything is just fine. For Shame! Millions and millions people!

https://www.investor.fisglobal.com/financial-information/sec-filings/

Yeah, it was and remains awful. Take care of yourselves first, just like the airline safety instruction. Take a couple of days to process, and make a plan that suits you best. Sending out peace and strength. If you have time to wring out everything from your benefits do it, as cr-ppy as they are.

Round 3 in Tech happened this morning. Train your replacement then good luck

PharmaCann Inc. will close its Pennsylvania ca--abis facility. This closure affects 60 workers. The layoffs are scheduled for May 20. The company defaulted on its facility lease. This action follows a settlement with Innovative Industrial Properties.

Olyphant, Pennsylvania

https://www.cannabisbusinesstimes.com/us-states/pennsylvania/news/15820524/pharmacann-closing-pennsylvania-ca--abis-facility-laying-off-60-more-workers

Epic Games is cutting over 1,000 jobs across the company. This decision follows a decline in user engagement for Fortnite. CEO Tim Sweeney stated the company is spending significantly more than it earns. Industry-wide challenges also contribute to the financial situation. The layoffs are part of broader cost reductions exceeding $500 million.

Cary, North Carolina

https://www.carolinajournal.com/cary-based-epic-games-cuts-20-of-employees-after-fortnite-slump/

Will HR make him send an email with an official apology or will 3000 RND employees be quietly told to ignore him? Either way confidence is lost.

He fired the testers causing an explosion in escaped bugs. BH apologed for him.

His rolling reorg has slowed work so badly that he thinks T-TH will fix the mess he made. Will the reorg ever be code complete?

He put US RND teams under the direction of an inexperienced director in another country with a 5 hour time difference. How does that help in person innovation?

He split Viya 3.5 and 4.0 RND teams putting them in competition ki-ling any chance for a smooth customer upgrade.

He has not developed one working GenAI SAS model after two years of trying.

He gave up a 19 point lead in the NCAA tournament.

Anything else?

Providence University College and Theological Seminary is implementing staff layoffs. Approximately 10 percent of its 115 employees are affected. This action stems from federal funding cuts and international student caps. The institution's projected annual revenue has significantly decreased. Providence plans to phase out some programs and launch new global initiatives.

Otterburne, Manitoba

https://www.cbc.ca/news/canada/manitoba/providence-university-college-international-students-9.7140721

Yes, I am “safe” but I am sick to my stomach how all this was handled but yet nothing in the news. This should be all over the news, FIS should be on a shame of wall for the way they handled things! Please someone who was affected…please call the news!

Neiman Marcus is closing its Ala Moana store. This closure will eliminate 161 positions. The luxury retailer's parent company filed notice. It is exiting the Hawaii market. This action is part of bankruptcy restructuring.

Honolulu, Hawaii

https://www.bizjournals.com/pacific/news/2026/03/25/neiman-marcus-leaves-hawaii.html

The North Thurston Public Schools board approved a resolution for a potential reduction in force. This action follows a projected dip in student enrollment for the next school year. Superintendent Troy Oliver cited lower kindergarten counts and rising operational costs. The district also anticipates difficult state K-12 funding decisions. Cuts will initially target attrition, with staff notifications by May 15 if needed.

Olympia, Washington

https://www.theolympian.com/news/local/article315175127.html

IBM announced thousands of job cuts in late 2025. The company reduced its global workforce by about two percent. Despite these reductions, IBM plans to triple entry-level hiring in the US in 2026. New roles will focus on customer engagement and AI management. IBM's total workforce stood at 286,800 employees as of December 31, 2025.

Armonk, New York

https://www.thestreet.com/investing/stocks/ibm-employees

Heard people have been getting the dreaded calls with HR this week. Surprised as I thought they would only start next week after the FY close. Anyone else heard the same?

Zety's new analysis tracked U.S. tech company layoffs. The study covered job cuts between 2023 and 2025. Many companies conducted multiple rounds of layoffs. 27% of companies had two or more layoff events. Most repeat layoffs occurred within 12 months of the first.

https://www.cpapracticeadvisor.com/2026/03/25/study-exposes-repeat-layoffs-across-u-s-tech-companies/180189/

Milwaukee Public Schools notified 201 employees of job terminations. These layoffs are part of a plan to reduce approximately 260 positions. The cuts aim to save the district about $30 million. This addresses a $46 million budget deficit and other priorities. Affected roles include assistant principals, deans, and administrative staff.

https://www.jsonline.com/story/news/education/2026/03/25/mps-notifies-201-employees-their-jobs-will-end-after-this-school-year/89317717007/

Tulsa Public Schools eliminated 89 positions, including 50 active employees and 39 vacant roles. The district expects to save $3.5 million from these cuts. Falling student enrollment and lost federal grants caused budget shortfalls. These reductions represent the first phase of addressing the deficit. The district also approved new positions and encouraged affected employees to apply.

Tulsa, Oklahoma

https://tulsaflyer.org/2026/03/25/schools-families/post/tps-cuts-89-positions/

Pajaro Valley Unified School District (PVUSD) is laying off approximately 150 employees. These cuts include teachers, counselors, and all mental health clinicians. The district faces an ailing budget, declining enrollment, and rising costs. The Board of Trustees approved the layoffs in December 2025. Some layoff notices may be rescinded due to early retirement incentives.

Watsonville, California

https://santacruzlocal.org/2026/03/25/youre-not-able-to-just-close-your-door-and-teach-pvusd-employees-get-layoff-notices/

Blount Memorial Hospital announced layoffs affecting 85 workers. These changes will take effect on May 1. The hospital is contracting out its food, nutrition, and environmental services. Most affected employees will be rehired by Compass Healthcare organizations. This move aligns operations with the broader Prisma Health system.

https://www.wbir.com/article/news/local/maryville-blount/blount-memorial-hospital-layoff-85-workers/51-42928553-a4bb-4513-a5ed-9b1673228ae9

Gaston County Commissioners approved a $10 million transfer to Gaston County Schools. This funding aims to prevent 400 potential layoffs within the school district. Superintendent Morgen Houchard stated the district faced a $10 million budget shortfall. Factors included reduced state funds, inflation, and lost federal pandemic relief. Commissioners expressed frustration but deemed the funding necessary to support schools.

https://www.wunc.org/2026-03-25/gaston-county-gives-schools-10-million-to-prevent-layoffs

Summit Funding is laying off 163 employees. These layoffs are effective May 17. The reason for these terminations is the company's pending sale to CrossCountry Mortgage. Affected staff may receive separate job offers from the purchasing entity. Summit Funding's Sacramento headquarters will not close.

Sacramento, California

https://www.housingwire.com/articles/summit-warn-notice-layoffs/

https://www.thestreet.com/investing/stocks/ibm-employees

Key Points
IBM employs hundreds of thousands of workers as of December 31, 2025.
The company operates in more than 170 countries and is headquartered in Armonk, New York.
IBM is cutting jobs while increasing entry-level hiring, especially in cloud and AI fields.

Fresno Unified employees voiced concerns about proposed layoffs. They claim the district has hundreds of millions in funds to prevent job cuts. The Fresno Teachers Association cited $315 million, with $175 million unrestricted. District officials stated funds are actively being spent and it's not simple. District officials will offer new roles to all affected employees.

https://abc30.com/post/employees-push-back-fresno-unified-weighs-layoffs-amid-budget-dispute/18773634/

Are they going away or just delayed?

We keep beating the street how can we continue to drop? how can we hit our tranches

https://www.tradingview.com/news/zacks:521f6a3db094b:0-can-axon-sustain-ebitda-margin-momentum-amid-cost-pressures/

https://www.trefis.com/stock/axon/articles2/594682/axon-enterprise-stock-to-323/2026-03-25

https://www.tipranks.com/news/catalyst/why-axon-enterprise-stock-is-tumbling-today