#layoffs

BLOCK announced layoffs this week due to the impact of AI, but with that, Jack announced the following severance plan for affected people: 20 weeks of full pay PLUS one week for every year of tenure, six months of full healthcare benefits, all corporate devices can be kept, and $5000 of transition assistance dollars. If you’re gonna conduct layoffs, this is one way to do it responsibly. PEARSON would never……..

All we know is that at least 150 people will be laid off. No details on departments, no official confirmation.

I feel for each person and their families. I’m sad and furious all at once. This constant dread, this existential threat hanging over us - it's no way to live. I lost an amazing colleague this week, and his wife's job is on the line too. Two young kids, a mortgage, bills we all can barely keep up with as it is. It's just devastating.

I was in a call the other day.
She starts to ask how we can use ai to make our tools better. Offering suggestions that have already been solved last year. Literally doesn't know anything.

Worse is I looked her up and she has no direct reports. I asked around and apparently they gave all her reports to some poor schmuck and her role now is to literally look for ai opportunities wherever they are.

That's it, that's her job. $175k a year to for someone with no ai experience, no software experience, no hand on experience to do nothing except look for ways to justify more layoffs

This is a joke right...

Got severance last November and still haven’t got prorated bonus payment. Got the severance payment within 4 weeks. Has this happened before? Everyone I asked got the bonus payout. How to ask why, when and to whom?
Thanks.

Have to say, morale is as bad as ive seen it in a decade. Marathon has managed to take a happy and prosperous workforce and completely svck the fvcking life out of it. Gone are the days of site independence, now everything is handed down by corporate edict through 2 year engineers who only know to do what theyre told. I suppose it was bound to happen when the C-suite was more concerned with woke bvllshit and DEI representation for 4 years than running a fvcking business. Its criminal to watch them manage this company right into the ground. All of the new initiatives scream desperation, while employees leave in droves. The worst part is that its paving the way for boot licking goobers to work their way into management roles, solidifying incompetence from the top.

Was amazed how many people were unashamedly prepping resumes at work this week. Can't blame them.

Heather Cianfrocco is out. Seems she has decided to leave. Right. Looks like she was made CEO and than all those investigations, than lateral transfer to compliance. The death department and now quietly will ride into the sunset. Wonder how much she is getting paid to zip it.

Layoffs are happening, I wonder how many more people are getting the boot.

Companies left and right are using AI to justify mass layoffs. Our leadership is peddling AI all over the place. We know Stankey is probably foaming at the mouth at the opportunity to ax tons more people and use AI to justify it like they use RTO as a cover for mass layoffs.

So explain why the he!! we are spending over a billion dollars to build a new playground that requires a specific number of people to be there in order to get Plano’s bribe? Shouldn’t someone maybe ask this question?

Just saying.

Thinking about the past few years and how our Board, C-Suite and Executive "leaders" have thoroughly missed the boat on so many potential opportunities while hitting on every landmine possible has made me conclude these are no visionaries or even leaders. They are just empty suits getting overpaid. Such a shame that good employees with a solid work ethic are taking the brunt of the fall. If nothing changes I do not think this bank will survive in to the 2030s.

Rumors that there will be layoffs next week in S&T…any idea which teams?? which locations?? Will there be a stay at home email?

Tell us what you know pls

Rumors of EAA layoffs...rumors

Regarding layoffs, at least Jack Dorsey (CEO of Square, CashApp, Tidal) is being transparent, while Medtronic is not:

“we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.

i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. ”

Iowa Democrats sent a letter to Whirlpool Corporation. They urged the company to reconsider planned layoffs at its Amana plant. Whirlpool announced 341 employees would be laid off starting March 9. Democrats cited state investments and company growth in Mexico. The company stated the layoffs are part of a modernization plan.

https://iowacapitaldispatch.com/2026/02/26/iowa-democrats-urge-whirlpool-to-reconsider-layoffs-at-amana-plant/

I think many people do not get it - AI will impact many jobs for the simple reason that in the past 30 years we created lots of so-called bullsh-t jobs and many of you are doing them. And AI will ki-l those, but that is ok. Personal assistants, auditors, project managers, Excel monkeys, recruiters, HR, etc. to name a few - all will be gone soon.

It is astonishing that Belk expects professional loyalty while their stores literally rot around them.

From water-stained ceilings to predatory workloads, the 'Belk experience' is one of pure misery.

They don't care about your department; they only care about how much labor they can squeeze out of you before you break.

I quit without notice because they earned that lack of courtesy. It’s a dying brand for a dying generation, and the day they finally close their doors will be a mercy to the retail industry. Just go away Belk.

Looks like Toledo Refinery is being prepared for layoffs. A number between 20-30 has been suggested. Some individuals have already left although voluntarily. Any idea what groups will be targeted?

I've posted about this a few times and get downvoted/laughed at but I'm telling you, full remotes are being targeted now. It was only a matter of time... Dell has made it blatantly clear that they want ALL employees local to an office - as in ALL employees go INTO an office - and that remotes are not eligible for promotions or internal movement. Which puts remotes in a literal dead end job. I 100% guarentee they will cap remotes raises to 2% and 50% bonus's sooner than later, as well.

I had my 1x1 w/ my boss/sr director the other day and I asked what the IBP was. He didn't know for sure but, mentioned he laid off a few people (3) under him and saw the bonus payout for them - which was 100% - but, stated that they were all remotes and that was the primary driving factor for laying them off.

According to what he told me, those 3 were good at their job but was told by higher ups and/or HR to remove 3 remotes that reported to him. I didn't know any of them as they weren't on my team but, long story short.. .they were laid off for being remote.

We have a great relationship with each other so I asked out of curiosity if remotes are being targeted more for layoffs. He didn't say yes or no but in a round about way basically said that yes they are, and has heard from execs that the "plan" is to reduce raises and bonus's for them next year. Basically an attempt to force resignation. Exceptions will likely be made for those who are incredibly vital to an org but otherwise, the plan is to slowly get rid of remotes.

If you are full remote but live near enough to an office, I'd recommend switching your sh-t to in office versus remote... Make the drive or relocate if you value your job because remotes are the ones who will be first to go on teams when layoffs happen.

Well here come more layoffs! Anyone have details about Service?

It says all you need to know that, according to the release, the only Atleos exec or offficer being retained is one independent director.

At least Atleos had an option — because that is more than can be said for Voyix, which managed to transition to a software company right when the market gave up on software. Jim Kelly had no doubt been aiming to sell to Global Payments, but that company’s in the toilet too. (The market has given up on any payment companies that isn’t visa or Mastercard.)

The best option for Voyix is probably to go private, because there is no buyer at this point.

NCR should’ve been broken up 15 years ago, when there were buyers for its businesses.

Id--t Hill inherited Nike when the stock price was $85 and in a span of 1.5 years revenues have declined, margin down by 27%, stock in the dumps. He could have achieved this even without the layoffs.

What exactly have layoffs achieved? He didn't even have the ba--s to add Nike to tariff suit.

The pattern is repeating now, at the rest of the company braces for next round of layoffs with even a reduced severance.

Block’s layoff news today is pretty fascinating.

Jack Dorsey just cut nearly half the company — over 4,000 employees. Headcount goes from 10k+ to under 6k.
Stock? Up 25% in a day.

And here’s the interesting part:
They’re not losing money. Q4 earnings beat expectations.

The reason given:
“AI and intelligent tools are fundamentally changing how companies are built and how work gets done.”

That feels like a real regime shift.

For the last decade, growth meant hiring.
Now growth might mean replacing org charts with AI leverage.

What makes it ironic is that Dorsey, as Twitter’s co-founder, left behind a famously bloated structure.
When Elon Musk took over, he cut roughly 80% of staff — about 6,000 people — and the platform kept running.

History has a sense of humor.

If fintech is cutting this aggressively in the name of AI efficiency, does that mean traditional big banks will accelerate layoffs too?

Feels like we’re entering the era of “AI + ruthless efficiency.”
Curious how durable this model really is.

1. They'll be global
2. US layoffs to be executed in Q4. Other regions usually take longer for legal reasons.
3. Exact US timing likely to be around 3/20 earnings. I heard people say both before and after.
4. PHK teams with members in ITC or PTC are likely to be fully outsources (MG spoke of this).
5. Management to be flattened. Expect fewer directors with more direct reports.
6. Nike is expanding the ITC office.
7. Outsourcing part of the mix.

What else?

I knew a phenomenal engineer who was in Managed Services. He was a CCIE, multiple firewall certs, cloud experience, you name it, and every customer we mutually worked with always praised him. According to him, management ignored his promotion inquiries so he jumped ship to another company making 40% more and I followed his example.

Maybe CDW only wants average talent?

Two questions about severance, US based. Assume your current position is being eliminated and you would be normally eligible for a special severance.

1) If you apply for a job, realize you do not want it and get an offer, do you forfeit severance?

2) If you apply for a job, realize you do not want it and withdraw your application before getting an offer, do you forfeit severance?

I think you forfeit it on 1, since an offer was extended, but I am not sure about 2, since no offer was extended.

Everyone get ready, it's supposed to be a big one, I heard it from my LL6 who's husband works in Finance.

I'm not sure that AI washing can really explain this at this point. Seems extreme. Will this be another klarna moment where they are calling people back in 3 months?

https://www.wsj.com/business/jack-dorseys-block-to-lay-off-4-000-employees-in-ai-remake-28f0d869

Jack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake
Parent of Square and Cash App says intelligence tools have changed how to run a company

By Angel Au-Yeung
Feb. 26, 2026 5:04 pm ET

Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, at the Bitcoin 2021 Convention.
Jack Dorsey at a convention in Miami in 2021. Marco Bello/AFP/Getty Images
Block XYZ 4.99%increase; green up pointing triangle, the payments company founded by Jack Dorsey that includes Square and Cash App, said Thursday that it plans to lay off 40% of its workforce, or more than 4,000 employees.

Dorsey alluded to artificial-intelligence tools as the reason for the cuts in a letter to shareholders.

“The core thesis is simple,” wrote Dorsey. “Intelligence tools have changed what it means to build and run a company.”

The company said the plan would cost it $450 million to $500 million in expenses and severance. Shares rallied more than 20% in after-hours trading.

Big companies have already been laying off thousands of white collar workers over the past year, in some cases pointing to increased efficiency created by AI. Salesforce cut roughly 4,000 customer-support roles last year because of AI advancements. Pinterest, meanwhile, has said it is laying off nearly 15% of its workforce as part of a plan to focus more of the company’s resources on AI-related roles.

And the fear AI would shrink jobs and replace the functions of whole companies sparked a market rout earlier this week after a research report imaged a dystopian future for the U.S. economy.

Analysts and economists have pushed back against the scenarios laid out in the report, but Block’s drastic job cuts will likely stoke up those fears.

The company said most of the layoffs would occur in the first quarter of this year and be completed by the second quarter.

“I don’t think we’re early to this realization. I think most companies are late,” Dorsey wrote. “Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes.”

https://commsrisk.com/verizon-turnaround-not-likely/

New low-oh-oh-oh oh-oh (NKOTB jingle). Wow, we're really sinking, gang. How long do y'all think we will circle the drain until we're under a buck? Will the savings from the layoffs keep our heads above water in Q2? I'm in the weeds trying to keep up the work of three as is. Time to update that resume.

Laying off 400 people would be catastrophic. And can we stop pretending support staff aren't every bit as essential as teachers to our kids' success? As a parent of two, I'm furious and terrified about the fallout. I also feel deeply for every family these cuts will directly hit. It's an absolute shame.

New manager won't get off my back. I'm good at what I do, yet I'm constantly interrupted and second-guessed. They're relentless, especially with me. No clue if this is just bad management or if I'm being set up for cuts. As if I don't have enough stress already.

Nothing going on where I am. Based on the little info trickling in, seems like quiet layoffs this time. Not minimizing how awful it is for anyone impacted, just saying this round feels completely different from the last ones.

It's been scary quiet regarding layoff impact in NYC. Anyone care to share any insight into the matter?

What they didn't tell everyone is that 50% of the Alternate work force is also being let go on Friday 2/28. The real black Friday. eBay hurting and families will be hurting. This is not due to AI, but poor management.
@ek+1kj9p21xa

Who is ready to show, blow everyone senseless, and get laid off in 3 months? Just put that money towards our salaries.

Employees are in layoff scare times so they cannot make any good products. Better to stay away from it.

No end of month RIF notifications. So stop spreading unfounded rumors. Listened to the Joe Russo leadership call and no big news on layoffs. Stop spreading unfounded rumors.

Several across RA&S, GRS, and Health value streams in Canada.