#layoffs

Employees at BIG's London office are protesting today. This action responds to proposed mass layoffs at the firm. A major project, employing half the London staff, was recently terminated. Up to 72 of 160 workers face redundancy as a result. The Unite trade union supports the employees and criticizes BIG's conduct.

https://www.dezeen.com/2026/02/03/big-staff-protest-london/

London, England

Especially those going through a rough time. I hope you all find decent jobs soon. And for the rest of us - don't try to prove yourself. It never matters in the end. All you'll be left with is the regret of working so hard, sacrificing your time, and giving your life to a company that never valued it.

Devon, Coterra Merger Confirms Layoffs

https://www.upstreamonline.com/people/layoffs-on-horizon-after-58-billion-us-shale-merger/2-1-1938275

Devon Energy and Coterra Energy are merging in a $58 billion deal. Layoffs will occur at the newly combined company. The specific scope of these job reductions is not yet clear. This information was revealed in a US Securities and Exchange Commission filing. The companies have not provided further details on the specifics.

Santa Monica College Faces Layoffs Amid Fiscal Crisis

Santa Monica College trustees will meet regarding a financial crisis. This crisis may result in about 70 staff layoffs. College reserves are expected to be depleted by 2026-27. Enrollment has fallen 13% since 2018, affecting state funding. The Faculty Association criticizes college leadership for the situation.

https://www.smdp.com/college-board-meets-tuesday-as-school-heads-for-fiscal-cliff/

Does anyone have a clue what we can expect? My guess, or maybe just my hope, is not a major round, but some scattered layoffs to fit the new org structure.

Confirmed layoff next week before the All-Hands. Have now heard it from multiple sources in my organization. Don’t know the scale but know 2 members on my team that are impacted.

Very disappointing, I hope I get selected honestly. I’ve been meaning to leave for a while and it would force change in my career.

Naples Grande Beach Resort will temporarily lay off 235 employees as it closes for a major renovation beginning in early April, according to a filing with the state under the Worker Adjustment and Retraining Notification Act.

https://www.gulfshorebusiness.com/gb-daily/naples-grande-to-lay-off-235-during-major-renovation/article_508c41fb-7ce1-471b-a666-467c5520bb49.html

Why is Medidata, or even Dassault Systèmes, not being honest about zero profits and all the layoffs? A major reorg happened and another round of layoffs of very seasoned, high paying roles (yet again) just happened.

This company has the worst leadership and bad senior hires in the last 2 years, and the signs are pretty clear.

I am hearing rumors. Do you know what's going on?

Wondering if they announced yet. I heard it's going to be 150% not because of company performance but from the fact that so many employees are pi---d off they are using it for people to stay. Before everyone jumps on me for being a bitter ex employee, they wouldn't be continuing to lay off people if they were doing well plus I was very grateful for my severance package!

Charles River Closes Maryland Cell Therapy Site, Cuts 20 Jobs

Charles River Laboratories is closing its cell therapy CDMO site in Hanover, Maryland. This closure will result in 20 employee layoffs. The decision is part of a broader company restructuring. Other Charles River facilities will take over client work by mid-2026. The company aims to optimize its business and save $70 million annually by 2026.

https://www.fiercebiotech.com/cro/charles-river-close-cell-therapy-cdmo-site-lay-20-staffers

The Ohio Department of Job and Family Services issued WARN notices. These notices were filed in January 2026. They indicate planned layoffs and company closures. Over 400 workers across eight Ohio companies are affected. WARN notices provide employees at least 60 days advance notice of job loss.

https://www.cincinnati.com/story/news/2026/02/03/ohio-companies-january-2026-layoffs-closures-400-workers/88475544007/

The Center of Science and Industry recently conducted layoffs. These reductions followed years of financial losses at the museum. Fifteen percent of its 150-person staff were affected across various departments. Current and former employees report the education team was most impacted.

• This may hurt COSI's hands-on educational mission.

https://www.dispatch.com/story/news/local/2026/02/03/fired-cosi-worker-now-im-concerned-that-it-doesnt-work-anymore/88298655007/

Several Arizona employers announced job cuts for January 2026. Five companies filed WARN notices. These actions will affect about 260 jobs statewide. No single company planned more than 100 job reductions. January 2026 was a quieter month for large layoffs compared with the end of 2025.

https://www.azcentral.com/story/money/business/jobs/2026/02/03/arizona-employers-announce-mass-layoffs-january-2026/88355646007/

Designer Brands Inc., is the parent company of DSW. Thet recently conducted a new round of layoffs. These job cuts impacted employees across various operations and brands in late January. A company spokeswoman stated these actions simplify the organizational structure and reduce complexity. The changes aim to improve execution, manage costs, and create long-term value. This follows a period where DBI reported increased net income but decreased sales and comparable store sales.

https://wwd.com/footwear-news/shoe-industry-news/designer-brands-layoffs-2026-dsw-jobs-1238537102/

Christian Broadcasting Network announced a workforce realignment. This impacted approximately 8.4% of its U.S. employees. The changes aim to focus resources on long-term growth areas. CBN cited shifts in the media and fundraising landscape. The organization plans to streamline systems and reallocate resources.

https://www.13newsnow.com/article/news/local/mycity/virginia-beach/christian-broadcasting-network-cbn-layoffs-virginia-beach-vb/291-75af7d52-4852-4704-84aa-87cee25b45a3

Virginia Beach, Virginia

I did not get laid off today… oh well, there’s always another Tuesday.

Today’s layoffs were brutal and inhumane. Lost really good friends and colleagues. Entire teams were wipe down in the name of cost cutting where CEO is going to enjoy millions in bonus and salary hike.😔

Layoffs and restructuring are happening this month. Also, Teamworks metrics will start being actively reported to upper management and used as part of the justification for additional layoffs in 2026.

Post 9s, time offsite without PTO, total time onsite will all be monitored. Those of you waiting for a sign... I think this is it.

During the earnings call, Dan & company stated that they will reduce OpEx by $5 Billion in 2026 (including the 2025 layoffs).

Let’s say laying off 13,000 employees saves $2 billion a year. Where will the remaining $3 billion come from?

Does anyone have updates on marketing reorg/layoffs?

In record time. Trimmed some fat and driven the stock price where it hasn't been in years. Keep it going

Vornado has laid off numerous employees. The layoffs occurred at its Andover production site. It is also the company's headquarters. CEO Cole Hoppock cited tariffs as a cause. These tariffs are increasing operational costs.

https://www.bizjournals.com/wichita/news/2026/02/02/vornado-air-manufacturer-andover-layoffs-tariffs.html

Entire department in Tampa laid off today.

Let me save you some time scrolling through the portal. Key info:

Will there be layoffs this year? Yes. Why? Because Oracle does layoffs every year.

Which roles will be affected? All roles.

Will my product be affected?

If your product makes money and revenue is growing → less likely to be affected. low performers will be let go.

If your product isn’t making money or revenue is shrinking → higher chance.

Being part of OCI or AI → safer.

Not in cloud or AI → more at risk.

End of story.

I've been with SAP for many years and I still trust most of the management but today's call really breaks my trust in it.

Why is management blaming shareholders for the stock price going down? Why can't they take accountability because they set the strategy?

Why is management blaming employees saying we aren't doing as well as we can? We're consistently overperforming even with less resources than before, employees are burnt out and they're setting higher and higher targets for each year. Why can't they allow more budget for areas that need investments?

Why is management trying for share buybacks and layoffs at the same time? They both need a lot of cash flow and the share price rise is modest at best. We're losing budget that can be put to better use instead. Buybacks seem completely unnecessary and layoffs make us lose good employees who can support other initiatives.

Why does management keep talking about Palantir in every fr3aking call? I am tired of comparisons between Palantir and SAP as they are very different companies with a vastly different customer base. I don't understand CK's obsession with Peter Thiel. Our business models are different and we should focus on ours instead of trying to be more like Palantir.

Why isn't management looking into customer feedback around AI? I herd several times that customers aren't understanding AI enough or that they are not using it correctly or that they aren't finding the right tool or whatever new excuse. Microsoft already showed that Copilot generated revenue in the short term because it was forced to be a part of every Microsoft product. But they didn't get the adoption they expected and customers aren't willing to pay more for AI if it doesn't generate additional value for them. SAP needs to work on AI but the focus should be on generating value for customer not on AI adoption of SAP products. So far, Joule has been a failure.

I am tired, boss.

I want less layoffs. I want our management to be more accountable. How do we move on from here? CK and DA are only doubling down on this messaging and SAP's been going downhill.

AT&T and Verizon cut 17,700 jobs in 2025, with AI in its infancy
US telco giants AT&T and Verizon cut another 7% of their combined headcount last year as their decade-old downsizing programs continued.
Picture of Iain Morris
Iain Morris, International Editor, Light Reading
February 3, 2026

Verizon CEO Dan Schulman has moved quickly to cut more jobs since taking charge last October. (SOURCE: JORDI BOIXAREU)
Among those who chronicle the relentless depletion of the telecom workforce, all eyes were on Verizon and new boss Dan Schulman, who entered his new office in October and immediately erected a makeshift guillotine, promising the US telco's glum investors that 13,000 heads would soon roll. When results were published last week, as reported by Light Reading, they showed that 10,300 jobs had been cut from the total in the final three months of the year, leaving Verizon with 89,900 employees on New Year's Eve.

But across the whole year, there was almost as much carnage at close rival AT&T, which avoided the same scrutiny. For the first time in ages, Verizon's workforce grew slightly in early 2025 before Schulman replaced Hans Vestberg as CEO and launched his program of layoffs. This meant the net reduction in headcount for the full year was 9,700, according to Verizon's financial statements. Over the same period, AT&T eliminated about 8,000 jobs, finishing the year with 133,000 employees.

That total net loss of 17,700 jobs at AT&T and Verizon was equal to about 7% of the combined workforce at the end of 2024. This would not look so troubling for people in the US telecom sector had 2025 been a year in isolation, when operators were responding to short-term business hardship. Yet neither company suffered a collapse in sales or similar financial calamity, even if results were underwhelming.

AT&T's revenues increased by about 2.7% last year, to $125.6 billion. Verizon's were up 2.5%, to $138.2 billion. Those are uninspiring gains that just about mirror the US rate of inflation. Still to report its full-year results, T-Mobile US managed year-over-year sales growth of 7.5% for the first nine months of 2025.

The axman cometh

Sadly, last year's job losses were not an isolated event but the continuation of a decade-old trend that has gutted the telco workforce. At its high point for staff numbers in 2017, AT&T employed as many as 280,000 people, including those it would acquire with its $85 billion takeover of Time Warner. Around 147,000 jobs have subsequently disappeared, showing the workforce has more than halved in just eight years.

Much of this shrinkage was blamed on AT&T's ignominious retreat from a TV market that former CEO Randall Stephenson had judged critical to future growth. Eventually divested and now part of Warner Bros. Discovery, Time Warner proved to be one of the most disastrous deals in corporate history. AT&T's share price dropped more than a third during Stephenson's tenure between 2007 and 2020, although that didn't stop him from pocketing about $29 million in total compensation for his final year in charge.

AT&T's headcount, meanwhile, has continued to shrink. Since the end of 2022, the year it completed its Time Warner divestment, the operator has shed almost 30,000 jobs. There has been a similarly dramatic offloading of employees at Verizon. In 2017, it employed 155,400 people, some 65,400 more than the current total. Together, the two big telcos have slashed 212,500 jobs over this period, making them half the size they were less than ten years ago.

Inevitably, there is talk of automation and AI as factors in this downsizing. Predictive maintenance has reduced the need for truck rolls to repair faulty equipment. Much of what previously required an engineer's touch can now be handled by software programs running at underpopulated network operations centers. Even the most primitive chatbot seems likely to have had some impact on customer service roles. Retail jobs have been affected by the consumer preference for shopping online.

Nevertheless, what most people including senior telecom executives now mean when they say AI is the mutation that emerged with ChatGPT in late 2022. The companies today seen as integral to AI were attracting relatively little interest until that moment. Nvidia's share price fell about 46% in 2022 and was worth less than 8% of its current value at the end of the year. CEO Jensen Huang and other AI evangelists are now desperately trying to popularize the concept of artificial general intelligence (AGI), when machines are supposedly equal to or smarter than humans. Physical AI, describing intelligent robots, is the latest expression to seep from technology into telecom. The bosses of both Ericsson and Nokia have already used it this year.

What's unsettling for the average telco employee is that so many jobs were evidently superfluous even before the age of ChatGPT. Last year, Verizon generated $12.2 billion more in annual sales than it did in 2017 with about 60% of the workforce that it had back then. Accordingly, its annual revenues per employee have surged from around $811,000 to more than $1,537,000 over this period. AT&T's annual sales have fallen by nearly $35 billion in this timeframe, following its exit from some markets. But its headcount has clearly dropped at a much steeper rate. Its own revenues per employee rose from about $573,000 in 2017 to almost $945,000 last year.

One school of thought is that telcos have trimmed as much fat as they can. In much leaner shape, they will have to look to other areas outside the workforce for any future savings. Verizon, interestingly, has said it will reduce capital expenditure from about $17 billion in 2025 to between $16 billion and $16.5 billion this year. That is potentially bad news for suppliers such as Ericsson and Samsung, the vendors chiefly responsible for its 5G network, but perhaps not so worrying for employees.

Yet AI will be a major disappointment to investors if it does not allow operators to cut costs, grow sales or both. And meaningful sales growth seems unlikely. Customers pay operators for connectivity, not for the application it supports. They are probably not going to spend any more on connecting to an AI app than they would to watch YouTube or play games. At best, AI might help operators to tailor services for specific customers, improving loyalty and reducing churn.

The fear among employees will be that AI or AGI ultimately allows telcos to continue serving their millions of customers with just a skeleton crew, a small fraction of today's workforce. Software that writes software would seem to put many of today's desk-bound jobs in danger. With the arrival of physical AI, robots, not humans, might one day be scaling masts and digging trenches to repair or install equipment.

Regardless, for all the job cuts so far, profitability has not dramatically improved within numerous telcos. Verizon's adjusted margin for earnings (before interest, tax, depreciation and amortization), a preferred telco measure, was 36.2% last year, the same figure it reported for 2018.

Industry-wide operating costs have also remained stubbornly high in recent years. "Global opex only decreased by 0.2% in 2024, making us question if years of automation and, recently, developments in artificial intelligence are in real terms having any significant impact in telecom efficiency gains," said Dario Talmesio, global research director at Omdia (a Light Reading sister company), referring to a tracker that monitors opex levels across the telco industry.

Layoffs can initially be expensive, and some operators have resorted to heavier reliance on contractors as they have cut internal jobs, offsetting some of what they might save on staff wages. Labor costs, of course, also account for only a share of total operating expenses, previously reckoned by Moody's, the ratings agency, to be about 25% for the average European telco. Even a 10% reduction in staff numbers is likely to have only a minor effect on margins. But with so little prospect of sales growth, operators are eking out whatever gains they can.

https://www.lightreading.com/ai-machine-learning/at-t-and-verizon-cut-17-700-jobs-in-2025-with-ai-in-its-infancy

Dr Frank mentioned layoffs on the “normal cadence” and said 90% should be done already. What is the normal cadence? Right before bonus rrp feb/march?

As I expected. After the recent "pumped and jacked" earnings the stock "popped" but I knew like a balloon in a hole in it it would fritter away. Value trap. Stay away.

Forbes:

•   About 44% of employers plan to give uniform, across-the-board pay raises in 2026 instead of merit-based increases, a practice often called peanut butter raises, according to a Payscale report.
•   Average pay increase budgets are holding steady at about 3.5%, but nearly a third of companies plan to reduce raise budgets due to economic uncertainty and cost control concerns.
•   Employers cite criticism of merit-based pay as too subjective and biased, and say flat raises are simpler to administer and can better support low-wage workers facing inflation.
•   Economic conditions are a key driver: slower hiring, ongoing layoffs, and fears of recession have overtaken labor competition as the main factor shaping compensation decisions.
•   While many companies spread limited raises evenly, some still heavily reward top performers, such as Walmart boosting pay for top store managers to strengthen performance and culture.

My entire team and manager just got laid off from ECRL group at the CIC location

I'm part of the filtration group that Thermo purchased from Solventum. It's unclear what exactly their plans are for us, but they seem to be moving real slow to spend any capex on the things we need. I think they really underestimated how intertwined we were with both 3M and Solventum. It also seems like we spend significantly more on R&D than Thermo as a whole. Are we all sc--wed? What has thermo's timeline been in the past for cutting people after an acquisition? Thanks.

Expense management to priority #3, does this mean we are done with cost focused layoffs?!

For all non union people it’s called an Eisp and I doubt they are gonna offer anything more then they usually do yearly to a few .Our numbers are small our salaries even when claimed to be the so high are minor when compared to the management.Even if it were slow where we only did few jobs a week we paid our salary we have a value .The real question is will they go after the high earning c suite management or is it just all smoke and mirrors

PTO now changed to unlimited— to hide low staffing levels?

No good news anywhere, messages do not bring any clarity nor calm and employees continue to be pushed and punished... Past and current changes and transformations are not working, we continue to move as a low-cost (cheap) company and these are the results we'll maintain (low cost/cheap). I really think this company deserves more than this

Has anyone heard about whether Band 1/2 Evernorth/Carenav analysts (customer service) will be impacted by the layoffs?

Sorry you had to miss that summer Olympics game tickets you had.

Here’s a want. I want leaders who aren't total mo--ns. I want leaders who don't cut their employees 401k match before their over inflated salary. I want a less toxic culture that doesn't promote snake oil salesman over actual innovators. Or are those needs???

I don't know how I could dislike this person more. Maybe if he disparaged his brother or something to a live work audience… oh wait…

Stock free falling now, markets aren't happy with the CEO or divesture

Heading to ten bucks a share

Earnings Thursday could be the end

Convinced him to buy failed companies and waste $ and do cuts