#layoffs

Legit said the pay was under market, that the raises I am stating are "best case" are far below market for role, and that nominal cash bonuses with zero equity upside mean: "we aren't paying to keep you or grow you."

This was the UHG CoPilot, not some outside source. Our leaders told us to use AI for professional development and job work, and wow! LOL

Global bank Morgan Stanley announced significant job cuts. The cuts impact three percent of its global employees. The company cited changing business priorities and individual job performance. These reductions follow similar moves by other large firms. Layoffs affect investment banking, wealth management, and investment management divisions.

https://uk.finance.yahoo.com/news/huge-layoffs-continue-tech-finance-135217128.html

Universal Music Group's Mercury Studios laid off several staff. MD Kelly Sweeney and other senior staff exited the company. Mercury Studios is based in London. The studio produces music documentaries and live concert recordings. These layoffs reflect a contraction in the documentary and TV production sectors.

https://deadline.com/2026/03/layoffs-universal-music-group-mercury-studios-1236744728/

My boss just told me that he was asked to rack and stack his people. Seems that mid-April we will have a RIF.

He said this is going to be a big one. He was also asked about people over 50 in our group. Seems that the old folks are going to shoulder the brunt of this one.

He also shared that this will be both a salary and an hourly reduction.

https://www.reuters.com/sustainability/sustainable-finance-reporting/nike-records-300-million-restructuring-charges-after-recent-layoffs-2026-03-05/

300$ million sounds like a really high number and not adequately explained by recent Converse and DC actions, IMO. point being the upcoming purge is going to be big!
Please comment.

New data shows layoffs decreased significantly in February. Challenger Gray & Christmas reported a 55% drop in job cuts. However, companies' hiring plans remain weak due to uncertainty. The technology sector continued to announce substantial job reductions. Experts are watching the labor market for signs of a soft landing.

https://finance.yahoo.com/video/layoffs-down-55-feb-challenger-223000727.html

Was in a meeting with managers a few rungs up the ladder than me when one of them fielded a question about "Reimagining". They mentioned that there's always been a "Cascade 3" and that it's happening in the next 3 months. They said more jobs will be offshored as a part of it but they don't know how much.

Has anyone else heard anything about this?

The Greater Roanoke Workforce Development Board hosted a hiring event. This event was for Yokohama employees affected by upcoming layoffs. The Yokohama Tire Corporation plant in Salem will permanently close. This closure is set for March 18 and impacts hundreds of workers. More than 50 businesses participated in Thursday's job fair.

Salem, Virginia

https://www.wsls.com/news/local/2026/03/05/hiring-event-for-yokohama-employees-affected-by-upcoming-layoffs-set-for-march-5/

I am leaving for another position soon. Saw my current role posted for internal applicants listed one grade level lower than my current grade level.
Has anyone else seen this happen before?

I know EQIX is doing very well but wondering if the rumored business reorgs will brings layoffs along with it.

Had a meeting with my boss who is a band 4, and was advised another round of layoffs is coming in April… does anyone have anymore detailed info as far as departments???

Any word on other higher executives getting let go and how much will that impact the people under them really? Will whole teams be impacted?

Company will be made to publish list of employees in your teams who are not US citizens and are H1Bs \L1bs \OPTs \Green Card candidates. This will be the biggest litigation ever.

He will sweep UHC American Technical jobs all to India, with Steve saving money for the shareholders and collecting his big Bonus for cutting cost at the expense of American Workers. Walkout March 27 -- Stop work. Hit them on the bottom line.

I was part of the mass layoffs in December. The other day I received an email from a recruiter about a few contract to hire openings that they felt I’d be a good fit for. They found my resume on one of the job boards that I’m using. I stated that I was part of the mass layoffs and the recruiter stated the were aware and had roles they needed to fill.

It’s sounding like they know they sc--wed themselves and are scrambling to fix it.

What a giant slap in the face.

There’s a lot of negative sentiment here around Thrive Together. That reaction is completely rational. Many people are trying to rationalize the decision - commercial real estate exposure, leadership being out of touch, or executives undervaluing remote productivity. Those explanations miss the point. Thrive Together is a much larger slight against employees than most people realize.

It’s easy to assume the executive team is uninformed or making poorly thought-out decisions. That assumption is wrong. These are experienced business leaders who understand exactly what they are doing. Whether internal metrics show remote work to be more productive is irrelevant. If those metrics supported the narrative being pushed, employees would see them. They don’t, and they won’t. Leadership knows the data doesn’t support the story, and they don’t need it to.

Their only real objective is increasing the stock price.

Historically, one way companies accomplish that is by reducing headcount. The problem is layoffs come with costs - severance packages and payouts of accrued PTO. Thrive Together creates a mechanism to reduce the workforce without formally conducting layoffs and without paying those costs.

Instead of layoffs, the company now has a framework where employees who cannot comply with Thrive Together requirements can simply be labeled as low performers. That label leads to performance improvement plans and eventual termination. The end result is the same as a layoff, but without severance, without PTO payouts, and without triggering the procedures that normally accompany workforce reductions.

Flexible Time Off (FTO) reinforces this system.

FTO didn’t expand a benefit - it removed one. Under a traditional PTO system, employees accrued time off that the company was obligated to honor or pay out. Under FTO, nothing accrues. Time off is technically “unlimited,” but in practice none of it is guaranteed.

FTO can function in a truly flexible remote or hybrid environment where employees aren’t bound by strict office attendance quotas. That is not the environment being created here.

Under the current policy, time taken under FTO does not reduce in-office attendance expectations. For the average employee, that creates a clear disincentive to take vacation because office quotas remain unchanged regardless of time off.

Leadership recently increased the expectation to three days per week in the office. If an employee takes a week of vacation, they still owe those three in-office days somewhere else in the fiscal year. Two weeks of vacation doubles that deficit.

If the company eventually moves to four or five in-office days per week - as many suspect it will - the system becomes mathematically unsustainable. There will be no practical way for employees to take time off while still meeting attendance expectations within a quarter. FTO with Thrive Together is structurally incompatible with meaningful time off.

What’s happening here isn’t confusion or poor planning. It’s a gradual tightening of pressure on the workforce while removing the company’s obligations that typically accompany layoffs. Even better, some employees will leave on their own to avoid the mess.

The plan was always to make you work more while creating a system that results in less time off, lower performance reviews, and a convenient excuse to fire people without severance.

Keep an eye out for a "Important Business Update" appointment scheduled in your calendar on a Monday or Wednesday Evening. If you see that, you will be RIF'd the following morning. Your computer is locked almost immediately after you are notified, so if you have stuff you want on it, disconnect it from WIFI so you can pull off any personal data. To figure out who else on your team is also impacted, try scheduling a meeting with your boss, and all your teammates that day with your calendar tool. That will give you an overlay of availability. Anyone else with 15 minute slots that overlap with your boss's calendar are getting RIF'd that day too. This will be Oracle's largest RIF yet, they are starving for cash and the easiest way to fix that is by reducing headcount - 8% reduction is likely.

Board numbers are being reduced https://www.reuters.com/sustainability/sustainable-finance-reporting/outgoing-bp-chief-auchincloss-earned-53-million-pounds-2025-2026-03-06/

They could probably reduce the board further but at least this is a start!

What is the deal with the hatred towards IT at Chevron? Its pure he-l working here in IT as you are treated as a 3rd class citizen. We are the first for our ignorant ELT to pick on for cuts all while that advertise around Houston how they are technologically advanced and talking about how important IT is. For those who say we dont pump oil, try to do your job now without IT. Like getting paid, well software makes it happen.

anyone hear of cuts coming down the line, Intralinks is bleeding out and not doing the business it should and our office is feeling the pinch....

So, exploration will be gone entirely ? Even the VP is done. Is this the right move?

Campbell's plans layoffs at its Paris, Texas factory. The company will cut 205 of 568 employees. Soup production will cease on May 1. The facility will now make Prego Italian Sauces and Pace salsa. This transition requires a smaller workforce.

Paris, Texas

https://www.wfaa.com/article/news/local/campbells-soup-factory-layoffs-paris-texas/287-ed71fa56-6a39-49f6-8921-db61b9d06f16

Alltrna, a Flagship Pioneering-backed biotech, recently laid off 19 employees. This marks the company's third workforce reduction. The decision aims to prepare Alltrna for clinical trials of its tRNA dr-g candidate. After the layoffs, 36 staffers remain at the Cambridge, Mass.-based company. Alltrna focuses on developing tRNA medicines for genetic liver diseases.

https://www.fiercebiotech.com/biotech/alltrna-undergoes-third-layoff-round-entering-clinic-cutting-35-jobs

Block, Square's parent company, announced 40% workforce layoffs. Square's food and beverage division experienced significant staff reductions. Its head, Ming-Tai Huh, and many colleagues were among those let go. Restaurants using Square POS systems are now concerned about service changes. Block maintains its commitment to the restaurant community remains strong.

https://www.restaurantbusinessonline.com/technology/restaurants-wonder-what-squares-mass-layoffs-will-mean-them

Oracle is considering laying off 20,000 to 30,000 employees. This aims to generate $8-10 billion for AI infrastructure. The company faces high costs from major AI client commitments like OpenAI. US banks have retreated from financing, doubling Oracle's borrowing costs. Oracle also plans debt and equity raises and may sell its Cerner unit.

https://mlq.ai/news/oracle-eyes-major-layoffs-of-20000-30000-staff-to-offset-surging-ai-data-center-costs/

Capital One announced layoffs affecting over 1,100 workers. These cuts are part of integrating Discover with Capital One. The affected roles include 532 at the Riverwoods facility. Another 69 Illinois residents and 538 remote workers are also impacted. This marks the second wave of layoffs since the acquisition last year.

Riverwoods, Illinois

https://www.cbsnews.com/chicago/news/capital-one-layoffs-riverwoods-illinois-discover-headquarters/

Scentsy, a fragrance company, announced new layoffs. The company eliminated 11% of its total workforce. This decision is part of thoughtful adjustments to its organizational structure. Impacted employees were offered a compensation package. Scentsy also conducted a round of layoffs in April 2025.

Meridian, Idaho

https://www.ktvb.com/article/news/local/meridian-based-company-scentsy-announces-layoffs/277-a9f6939a-5843-424b-9e51-adec8a7f6216

I’m seeing job postings for something new that Optum plans to do, work with patients with rare diseases. Good grief, optum why are you laying off but also starting new businesses. Why don’t you focus on the businesses you already have up and running?

Google it of you don't know the story. Make a person a manager and tell them they have to stack rank people. Suddenly they feel totally justified making up problems and documenting made up deficiencies in case they need to cut you later. It creates an atmosphere where every interaction becomes an excuse to gaslight or present things using the worst interpretation possible. It's crazy how easily people can move from "we're all one team" to "I'm documenting this conversation to make it seem like you did something wrong". And of course the employee is also documenting everything in case they need to backstab their boss. The team goes from people who work together to people who collect dirt on each other and run to the hr. Don't you wish you could just spend your time focused on work instead of trying to sabotage other people so you don't get cut instead?

https://www.youtube.com/watch?v=pa5VBV7FjkY

Does anyone know if there are any updates on when this will happen?

Most of VPs, AVPs and Directors are su-king all the dollars away from the company. All they do is send and forward emails. Utter waste (Co-pilot is doing a better job) Fire them now and save the real workers before there is no one left in the company.

So, basically your only safe if your a Data Center technician I heard there still hiring?

To talk about the aftermath of the upcoming LR?

New software has been uploaded to all Molina Hourly employees computers that monitors everything you do and sends reports to upper management. Stay productive don't let your idle time add up. This is definitely going to be used to reduce the workforce.

Seriously, outside of short-sighted and short-lived cost cuts, has there ever been anything positive that can be associated with layoffs? We've been having one layoff after another, one restructuring after another, and nothing improves. In fact, it's the opposite. So what's the point?

Bon fire, Good Will, Mailing it back to Sam and Dan in big box with a large middle finger? Give me your suggestions.