#layoffs

Down 4% already today , a big gap down

Up days were on low volume, fund managers are getting out of this stock

OT won't be in existence in it's current form in 12 months. At 15 bucks it will be taken by PE

LinkedIn announced job reductions affecting over 600 employees. These permanent layoffs are scheduled for July 13. Many affected workers are based in California offices. CEO Daniel Shapero's internal memo previously indicated these cuts. The memo detailed a need for reinvention and investment shifts.

Mountain View, California

https://nypost.com/2026/05/19/business/panic-in-california-as-linkedin-announces-hundreds-of-layoffs/

https://finance.yahoo.com/markets/stocks/article/unitedhealth-group-stock-slides-after-berkshire-hathaway-exits-position-in-the-health-insurer-130721003.html

The Portland Trail Blazers dismissed at least two dozen business staff members. This action reflects major organizational changes under new owner Tom Dundon. Blazers president Dewayne Hankins confirmed the business restructuring. The cuts reached positions as high as senior vice president. The team seeks public funding for Moda Center renovations amid cost-cutting scrutiny.

Portland, Oregon

https://www.wweek.com/news/business/2026/05/19/blazers-make-a-round-of-layoffs-under-new-owner/

Oh well, two previous managers said the same then happened a reorg, then the next manager said the same, then another reorg, now the new manager says the same. No Focal for a 6 years in a row.

The next round of layoffs here at NetApp highlight a growing issue: leadership increasingly feels disconnected from reality. Too many decisions seem to come from a C-level bubble rather than from understanding employees and customers. Another concern is the number of VPs/SVPs coming from companies like Microsoft, Oracle, or Pure Storage. External experience is valuable, but NetApp shouldn’t become a copy of everywhere else. The company’s strength was always its own culture and people.

Are we still expecting the next round of org changes and small rounds of JEs on the 21st?

I was just wondering if anyone has heard whether Accredo will also be impacted by the current layoffs at Cigna, or if that area is expected to remain stable for now.

There seems to be a lot of uncertainty, so I thought I would ask in case anyone has heard any updates or information being shared internally.

All the wellness messaging in the world doesn't mean much when people are stressed about possible layoffs. Nothing says healthy workplace culture quite like anxiety, rumors, and employees wondering if they are on the next list.

Leave if you have the chance.

It seems that now our bonuses are also calculated with the WHAT and HOW scores. My manager created easy goals for a couple of colleagues who are her friends and asked them to copy paste them in the system. But with me, we used AI and my my goals are almost impossible to achieve. I don't think I shall get a good WHAT or HOW score even if I try too hard. And because the success of my goals is dependent on others, I am finding it hard to show that I am working harder than the colleagues with easier goals. Long story short, it feels like the new performance management makes it super easy for managers to give more bonus and salary appraisal to their friends. Is moving into another team my only choice? Are they really planning layoffs by giving bad scores? Some colleague was saying that a PiP means you don't even get severance and they can lay you off anytime. I can't ask my manager yet because she is very politik and cares more about networking than about our work. If the culture is only going to get worse I may even look for a job outside but there aren't many opportunities right now. I am based near Heidelberg in case that matters.

Former happy Cengager checking in to see what’s happening in Loserville.

Get out and let Cengage burn.

There is more money and better cultures out here.

Good luck

Does anyone have an update regarding RIFs for preservice/ECS/Home and Community?

It's not just the layoffs, it's knowing what the job market is like right now. Being laid off is bad enough, but when so many people are already being cut and there are so few available jobs... I've never been this worried about losing my job in my 20-year career.

Or will this continue throughout the week?

The only reason we are sponsoring them is because the executives get free lounge and box access for free. So much for being "good stewards", "shareholder oriented" and "value creators". Couple this with free private jets, it's one never-ending party for the ultra rich. The rest of us get pink slips and anxiety.

Will see what are the announcements later today but from emails and news, big changes, hopefully for the better, but I expect big cuts as well coming soon..

Good luck to everyone out there!

It's obvious that performance wasn't criteria for this round, so I'm wondering what was. Judging by the ages of those affected, I'm guessing pay played a significant role in determining who to put on the list. I could be wrong, though, and it could be something else entirely.

I’ve seen quite a few people leaving from the UK offices across different departments — some went mid-May, others are due to ship out end of May. It was a mix of VBGs and the rest, probably around the 100 mark all in.
Heard the RIFs are pretty much done in the smaller spots like Spain. Italy got notified as well but they’ve got that 75 day consultation period to go through. Not sure what’s happening with France and Belgium, they’re pretty small outfits anyway.
Germany’s probably next in line for another 100 heads, seeing as they’ve got nearly 300 over there. There was some chat about selling off Professional Services and Security to a partner, but I’ve got no proper intel on that.
Anyone know any more?

I’m still hearing that there will be another round of layoff in June end or July.
And heard this time, reducing the contractors because of larger teams..
anyone heard of this and is it real ???

https://unitewithpriti.co.uk/news/blackbaud-layoffs-2026-inside-the-quiet-unraveling-of-a-charleston-tech-giant/

Might be a dum--ss question but we typically get it in August wonder if they will prorate if tomorrow is in fact the day .

https://x.com/TheLayoff/status/2056862351513866483

We all need the damn paycheck.

👀🚐 Tan said great job, crushed it, I just need less of you and I want you in a hub. Though he was in The Hague he said Hague ain’t hub. Did I catch that correctly?

Any reliable info on areas of OH being cut for May or June?

Hearing rumors that some departments won’t see any RIFs, not because things are stable, but because the company supposedly can’t afford severance packages.

Interesting priorities considering there’s still money for multimillion dollar golf sponsorships. Something about that doesn’t add up.

It’s that time of year again! Joan’s sending out cryptic meeting invites!
Any idea what this is about? Who’s getting laid off this time?

With the oil shortage affecting supply chain and the stock price slipping. Any cuts happening on Thursdays earnings release?

I guess I'll find out what's going on tomorrow morning. Color me shocked

https://ticotimes.net/2026/05/17/amazon-carries-out-new-round-of-layoffs-in-costa-rica

I’m still pretty angry, honestly. Looking back on all the BS we’ve been expected to tolerate over the years, shame on me for believing accountability would ever exist at the top.

Remember the data breach? The ELT lied to investors, employees, and regulators. The company spent hundreds of millions in legal fees and hundreds of millions more trying to clean up the mess and get compliant. Did anyone at that level lose their job? Of course not. They still got their bonuses.

Then there was EverFi, a $750M acquisition that eventually turned into roughly a $400M write-down when it was sold off. Another catastrophic decision. Again, nobody in leadership paid any personal price for the failure.

Now we’re watching good people lose their jobs while roles get shifted to India, all while leadership positions themselves for one last payday if the company gets sold. They’ll walk away with tens of millions in compensation after years of bad decisions. The rest of us get 8 weeks severance and COBRA.

At some point you realize employees are just pawns in a game where leadership can fail upward indefinitely while everyone else absorbs the consequences.

Get out while you can.

From London to New York on business class for frivolous reasons that achieves nothing substantial? Especially when Citi has laid off so many people? If this person is required to be in new York, why wasn't he made to relocate to let go and someone new York based found to fill the opposition?

Is it only a coincidence that this person has family in ny/NJ that he gets to meet on company dime when laid off people have struggled to find something new after being laid off, been on expensive insurance and many other struggles?

Why is Nawani and his team so special? They've barely achieved anything of note that isn't brittle as a house of cards that would fall apart when actual experts in data look into it rather than second or third line generalist that have made every decision for him on data products? And whatever was left was made by generalist consultants