#layoffs

Do not sign anything, hire lawyer right away!

• Polygon has reportedly laid off nearly 30% of its workforce, based on insider information and emerging social media reports.
• The cuts follow Polygon’s pivot toward stablecoin payments and its $250 million acquisition of Coinme and Sequence.
• Polygon confirmed that the layoffs are part of post-acquisition integration, and overall headcount is expected to remain stable.

https://beincrypto.com/massive-polygon-layoffs-2026/

First week of February announcement of RVP and DPR position being eliminated. New role “Senior Operations Manager” to replace RVP/DPR. DM role will have average of 25 stores that reports to new SOM.
Front end and Pharmacy will be separated for DM and HCS.

Good luck to SM that will have two bosses!

Not your performance or dedication. Worse, actually. Being both skilled and experienced pushes you towards the top of the list, because quality is costly. Don't bother trying to prove yourself in the coming weeks, or doing extra work in an attempt to save your job. Definitely don't take being laid off personally. In this stage of corporate greed and extreme short-term thinking, it's more likely a badge of honor than a statement on your worth as an employee.

In a regulatory letter filed Tuesday with state and local officials, Valero said it expects to permanently idle refinery processing units at the Benicia facility and lay off 237 of its 348 employees from March 15 to July 1.

https://www.sfchronicle.com/bayarea/article/valero-benicia-refinery-layoffs-21297216.php

Is this true? Biggest employers are replacing some workers with All Indians?

https://www.axios.com/local/charlotte/2026/01/16/bank-america-wells-fargo-ai-job-cuts

We were told we were a family. That this culture was different. It’s only a matter of time before you are deemed not efficient enough and they show you the door.

I had coworkers that have recently been on baby bonding leave, others that are in their early 60s and too young to take Social Security. Not efficient.

I’m so sick of it. Anyone with a VP title and making these decisions just cares about the stock price and their payout and making sure that they have enough. Last year alone our CEO sold over $40 million in stock, that’s on top of his salary. Oh and how many millions did the Ballroom donation cost T-Mobile? I guess they’re making up the difference now.

The only thing I think we can do is join together and unionize through CWA just like ATT and Verizon have done. We need better protections, more transparency, and a seat at the table when we can get it. I don’t know how we do this but I know I’m tired of being thankful that it wasn’t me that was let go this time around.

good luck to everyone.

Don’t know the full scope but it appears to be pretty significant. Lots of senior folks included in the cuts.

I was just checking out the Layoff board for UHC, and their last comment was like a month ago! Are Optum employees the only ones living with this whirlwind of layoffs? If so, I'll jump off of this nightmare cruise and head over there! Waiting to be laid off is so stressful...

https://www.thehrdigest.com/verizon-layoffs-to-hit-15000-roles-in-2026-as-automation-takes-over/

On January 15, Baxter laid off about 100 people in the care communications division which focuses on nurse call, RTS, and wireless phones

I guess no awards this year. The bank needs to drop thousands of jobs to meet their efficiency target, I assume this is the start to get people to leave in their own.

In the lastest company communication, Ron says we 'mark a strong finish to another successful year for State Street'.

He also mentioned that he looking forward into workforce reductions. What a stand up guy!

If you heard your manager this month saying they had to attend 'transformation' meetings, this is what it was: Next Gen transformation. You and are team may get impacted.

Employees made it over three years of constant layoffs most won’t make it to 2027. The company is going to get eaten alive by competition and the fact Dell doesn’t have relevant products for innovation.

Has anyone heard if they are taking away company cars? If so who does this affect? What levels?

The direction couldn’t be clearer anymore: the company is consolidating aggressively into Plano. Everything outside of Plano is being phased out unless you’re considered “critical” and already local. Even employees currently assigned to the Dallas HQ are being told they’ll move to Plano once the new office is ready, which says everything about the strategy.

Notices are starting to hit teams in St. Louis, LA, and other non-Plano locations, with more expected to follow. This isn’t a rumor or a one-off—it’s the plan. If you’re not in Plano, the message is blunt: relocate or prepare to exit. The days of distributed hubs and geographic flexibility are effectively over at AT&T.

Out of curiosity I did some AI based research to see how and when a company must account for severence expenses under GAAP, taking into consideration 60 day notice periods, and basically they can incur the expense when they notify you so long as their is little chance of a reversal. additionally. if they have already made their lists for the first part of 2026 (q1/2) and are certain those positions are going away they can take the expense earlier such as in the $612MM hit we took this past quarter. So while severance expenses are expected to be lower by $700MM in 2026, part of the reason they can say that is that layoffs happening in the next few months are already paid for.

I got word that layoffs will continue through February. Watch yourselves.
Can somebody confirm this?

I’ve heard anticipation of departures following bonuses this year…and I plan on being one of them. Already have the resignation email drafted, and as soon as that check clears I’m hitting send. Who’s coming with me??

Does the commerical layoffs hit anywhere in Canada? And any other departments? Looking at AB, ON, and BC I don't see anything on the news.

Somebody asked in another thread if we're going to do quarterly layoffs until only Atty is left, and frankly and sadly, I think that's much closer to the truth than the poster intended. The way things have been developing, it seems that we've reached the stage where layoffs, instead of only being used when absolutely necessary, have become something used regularly just to pad the numbers. That's our future.

If there are indeed layoffs, they will only be for employees who joined in the acquisitions or employees on mid range salaries. Developers, QA, support engineers and product managers will be fired but never HRBP or development managers with complaints against them. There are many employees who continue to be very highly paid and keep getting a higher salary and more stock options every year. That's because they get it once in March and their network triggers a reorganisation in the middle of the year where they get promoted or have a role change. In all my years at SAP, I have seen this happen all the time and this is only intensifying since the talk about layoffs. So even if there are any layoffs, expensive employees who should be laid off will still be there and those that deserve or do more will be asked to leave or be given such a pitiful salary increment and bad performance that they will have to leave. Also, you can expect only employees from Walldorf and St Leon-Rot to head all important positions in the new acquisitions and in other locations. No matter where most of the team members are, the managers will almost always be based in Walldorf and St Leon-Rot now. And once the back to office shenanigans start they will give a bad performance to any report who isn't based in their location.

Regarding executive bonuses, the executive board will get them. They have the supervisory board in their pocket and the Works Council is too powerless to revolt or strike or do anything about it. CK got €18 million as a bonus in addition to his salary when he vowed to fire 10000 employees. And if the supervisory board wanted to keep him in check, they would have given that as stock options and not in cash. But they gave him cash. He and most of the executive board members will live comfortable lives even if they have to resign or leave now. But they will squeeze every million out of SAP before they go. A lower share price only means that they will intensify layoffs. And the entire SAP strategy is based on AI and a complete shift from the core business. If AI fails, SAP will lose everything. But the board is too incompetent to come up with any real strategy or an alternative plan in case AI is a bubble. There is no real SAP strategy besides 'build only AI features and make customers pay more' and 'lay off as many employees as possible to reduce short term operating costs'. That is sufficient for them to squeeze money off SAP and leave. Most employees don't realize that the money that is given to the executive board comes from the savings by laying employees off and from reducing their benefits and salary appraisals budget. It is like blood money. But CK, Dominik Asam and others have so many fans within SAP, they will do anything for them. The future is truly lost now and there is no hope.