#layoffs

Recent tech sector layoffs are causing a significant talent migration. Healthcare and manufacturing industries are actively absorbing these available workers. Tech-related hiring in healthcare increased by 8% compared to the previous year. Manufacturing also saw a 4% rise in tech-related hiring. Computer programmer is identified as the fastest-growing tech occupation.

https://stlawyers.ca/blog-news/tech-talent-industry-migration-june-2026/

A genetic medicines company is reducing its headcount. The company is cutting its workforce by 50%. This action aims to preserve cash. It is awaiting data for a bladder-cancer gene therapy dr-g. The headcount reduction occurs during this waiting period.

https://www.bizjournals.com/boston/news/2026/06/16/engene-slashes-staff-by-50.html

For non-unionized Rivian workers and managers in Canada, understanding these developments is essential to protecting workplace rights and entitlements.

https://stlawyers.ca/blog-news/rivian-layoffs-severance-pay/

I was notified today. People should not be surprised because they are like most other companies and really focused on AI efficiencies.

It never hurts to keep your resume updated and casually look even if not affected. It usually takes a couple of months to start getting good calls about jobs. Be hopeful that you will not be but start preparing as if you will.be one day.

Thousands of public school employees face layoff warnings across the U.S. This wave of job cuts is the largest in over a decade. Districts cite declining enrollment and rising costs as major factors. The expiration of pandemic-era federal aid also contributes to financial strain. Major cities like Chicago, Los Angeles, and Las Vegas are affected.

https://www.edweek.org/leadership/layoff-warnings-hit-thousands-of-school-employees/2026/06

I just started a couple months ago. I love my job, coworkers, and even my boss. I finally enjoy what I do at work but then this happens. I could have an option to work as an apartment manager but I would probably have to leave before August. Is it worth staying? I would hate being an apartment manager but seeing how my last job ended with a layoff I saw recently how horrible the job market is.

Universal Studio Group is merging UCP and Universal International Studios. Beatrice Springborn will lead the new Universal Global Television. This restructuring eliminates 22 positions across NBCUniversal's TV operations. Jennifer Gwartz, Marc Velez, and Steven O’Neill are among the departing executives. The consolidation aims to align content for the global market.

https://deadline.com/2026/06/ucp-uis-studio-merger-beatrice-springborn-layoffs-nbcuiversal-1236956996/

Volume is flat, overtime is being watched, and have been told anyone that quits, retires etc, that those positions will not be filled in Mechanical across the Southwest at this time. Any news anywhere else?

As much fear and angst that have been posted on tbis board for the past few weeks about the 17th being doomsday and the small number of posts today, this sure seems like a nothingburger with a small number of people impacted.

https://gagadget.com/en/715412-bungie-quantic-dream-id-software-a-wave-of-layoffs-is-hitting-gaming-this-summer/

Bungie reportedly faces significant layoffs this summer. Around 50% of its 800 employees, or 400 staff, are at risk. Sony reported a $765 million impairment loss due to Bungie's underperformance. Destiny 2 support ended, and Marathon's recent efforts failed to improve its standing. Rumors of impending layoffs at the studio circulated last month.

https://www.psu.com/news/bungie-reportedly-set-to-lose-around-400-staff-members-as-a-result-of-summer-layoffs/

Precision Parcel Logistics (PCLG) laid off nearly 100 employees in mid-June. The company operated as an Amazon Delivery Service Partner in Paducah. PCLG owner Cody Bauhs announced the company's dissolution due to "personal reasons." Many employees learned of the closure through an email, causing shock and uncertainty. The West Kentucky Workforce Board is offering rapid response services to assist the affected workers.

Paducah, Kentucky

https://www.wpsdlocal6.com/news/nearly-100-employees-laid-off-from-local-delivery-company-former-employees-left-with-unanswered-questions/article_6085d27a-2ac6-42cf-b73c-a96f4cc15307.html

ICIMS research indicates a growing demand for artificial intelligence talent. This trend occurs across multiple sectors, despite recent tech industry job reductions. Job openings for computer programmers and software developers increased significantly. However, the overall talent pool has not kept pace with this rising demand. Applicant volume decreased while job openings grew, creating hiring challenges.

https://www.hrdive.com/news/despite-tech-layoffs-demand-for-ai-savvy-hires-is-increasing-icims/823119/

Seems at least one person got the axe on March 31

My prediction is once Kyle Malady retires, you will see consolidation back to VZ 1.0 and then you will see mass reductions in overlaps across two orgs back to one.

I could be wrong but that’s where I believe this is headed / kind reason Sampath out and absorbed without replacement.

Let’s see how this all plays out …

It’s a sad state of affairs at all levels unless you’re on the EC, then it’s all working out amazingly. In the past 60 days we’ve lost talent that dedicated multi decades of hard work to the firm. Strong minded, intelligent people that really contributed to shared goals every day. Up to the time when shared goals became a blur of corporate kool aid, McKinsey projects, revolving door of leadership. Never did I think it would come to this but I’m at the end of my pain tolerance. Very sad. Is Wealth growing or shrinking? Can margins grow out of the bottom gutter? Is Jose doing anything to make change besides firing,hiring, cashing checks, selling shares? So sad. The range of firings has been like a sn---r attack in a classroom. Best to dress like the plebes or be targeted. Last thought - does RV look unhealthy to any of you??

AT&T’s (T) chief financial officer, Pascal Desroches, has submitted his resignation to the company effective December 31, 2026, in a filing with the U.S. Securities and Exchange Commission. Concurrent with the announcement of Desroches resignation, AT&T (T) said it has hired former McAfee CFO Jennifer Biry as his replacement.
In the interim beginning July 6, Biry will serve as Deputy CFO and will assume the role of Senior Executive Vice President and Chief Financial Officer on January 1, 2027.
Desroches, who has been CFO since April 2021, submitted his resignation to the company on June 11.
The news of Desrochers impending exit jolted AT&T (T) shares, sending the stock nearly 3% lower in after-hours trading.

We have been told explicitly by our manger to expect that not everyone will get “meet expectations “, even if in reality you did meet the expectations.

I know these reviews are not as important as the year end, but what should we expect? Being put on a black list for the next layoffs?

We can’t wait to get outta here….behind this trapped door

They can't keep people it is such a terrible company to work for and ever since the Rentokill mess, it's worse. The techs can't do their jobs efficiently since their planners clearly don't understand a map or distance. They schedule 6 8-10 stops that are 20 miles apart and mandate the amount of time you have to spend at each stop. The leadership are all the latest failures from unrelated industries like Burger King or some other cr-p job. The after hours work of calling customers and fixing the scheduling the planners can't get right reduce your hourly pay to min wage or worse all to work in cramped spaces in extreme heat and cold. Seriously, layoffs are not the issue, retaining people is their big problem.

Anyone hear anything from there?

Vivek's purview to say with confidence that the most important applications at Verizon outside of network operations. POS, point-of-sale, intakes some 70+% of ALL of Verizon’s revenue. ACSS is a superset of that software. This software is utter garbage. I mean it’s just layers on layers of undocumented spaghetti code written by contractors that were seemingly plucked from the streets, paid 50,000/yr, and whose agency was billing Verizon 120,000/yr for their time here. At a company with Verizon's profits a full stack developer should reasonably expect to start here and be able to search a UI for any service or data they need to build pretty much anything you could conceive. Yet you won’t find a single shred of such documentation. GTS leadership has passively allowed layers and layers of teams to be stood up where each team only works on one segment of one leg of any end to end business process. No one engineer is empowered to build a single feature holistically end to end without pulling people from 2-3+ teams to get the job done. Often the job is just chaining some API calls and making a UI to display the results. Something a decent college CS graduate could build independently if there was proper documentation. Instead engineers are tasked with endless non-funded pet projects in some obscene race to be the team that shows the shiniest little half functional proof of concept to the nearest VP. All the while our most integral systems are held together with popsicle sticks, glue, and chewed up bubblegum. Everything is expected to be done yesterday. No one cares about code quality thus software/product quality. Most of the leaders within GTS could not solve a LeetCode medium if their families lives depended on it, assuming they even knew what LeetCode was. The sad part is the same is true for most of the Principle Engineers, Distinguished, and associate fellows and fellows as well. All these guys do is sit in calls so they can steal each others ideas. Then go implement them in some shoddy fashion so they can say they did it. Who cares if it works in production or provides any tangible return on investment for the time expenditure. The engineering culture at Verizon is utter garbage and it is perpetuated by the leadership within GTS. It is beyond simple incompetence, the leadership in GTS does not even have an idea of what competent software delivery is. It’s not incompetence because that would imply some intent to do things correctly. It’s simple ignorance. I have seen a VP of Site Reliability Engineering shoot down a Distinguished Engineers suggestion that engineers should be able to run the code that they are working in locally to validate results. The VP thought that was an absurd request. To put that in layman's terms the guy was just saying that when I paint a picture I should be able to see the canvas as I paint. That was dismissed. That’s the level of ignorance we’re dealing with. To reverse this level of cancerous spread you would need to inundate GTS with so much chemotherapy and radiation it likely would die out before any recovery was ever observed. I really do believe that the only way back is just terminating all of GTS leadership. Stop all software delivery. Bring in VP’s from actual tech companies who have actual software engineering experience within the past decade. Allow them to document ALL of the inner workings of the existing systems. Publish that documentation to OneConfluence or some adjacent documentation platform. Grant access to this documentation to ALL VZ Software Engineers. Release all of our Fellows, and Associate Fellows. Replace them with real engineers from real tech companies. THEN you can START redesigning the systems that collect all of VZ’s money. So regardless of Vivek's character do you really think he is prepared to make this level of systemic change to how Verizon delivers software? Or do you think he will just perpetuate slop delivery ad nauseam until Verizon crumbles or someone does the needful that I have laid out here?

Aside from the COVID period AT&T has laid people off twice a year for decades.

A certain guy who used to work for you guys ("RR") from what we understand brought about this firing of competent people (especially in Tech) and offshoring to Accenture. That is currently now happening at his next stop - T Rowe Price in Baltimore. A competent IT shop is being dismantled - Laid off, but to get severance you have to agree to train the people replacing you who have little if any experience, initiative, etc. Can anyone let us know how that went for you guys? Do you know if our guy "RR" left on his own or was forced out after this turned out to be a disaster? Thank you. Training is not going well, yet the keys are expected to be handed over soon.

Is it just me or are corporate and the shareholders launching a massive psychological warfare campaign against all of us? Think about it...They have put some odd 60k of us and our families on notice. On notice to find another job. On notice to cancel our summer family vacations. On notice to cancel any upcoming major purchases. On notice to cancel any summer moves out of the area while the kids are out of school. Etc...
Now we don't know how many of us will be laid off either voluntarily or involuntarily because they won't tell us that either. But, for the sake of argument, let's say that it will be 10k people total. That means that the other 50k people who will be left after the carnage on September 1st had all of their summer plans and purchases ruined for no reason at all. This is not to even mention the level of undue terrifying mental duress, financial problems, and family trouble this will cause for 50k people that had nothing to do with this layoff in the first place. And guess what? They aren't even going to tell us whether we are the ones that are "safe" or the ones on the chopping block until the first week of August.
I think we all need to start consulting with attorneys.

Hi just received my surplus call this morning

Centene Corporation Chief Executive Officer Sarah London earned a total calculated compensation of $19,506,298 for the 2025 fiscal year. This represents a slight decrease from her 2024 total compensation package of $20,602,148.

Andrew L. Asher — Executive Vice President & Chief Financial Officer (CFO)Total Compensation: $16,072,880

And that's just those two.

Maybe get rid of them first. How many jobs could be saved?

Safe to assume its more bad news for the employees, what with the recent hush hush layoffs crossing many parts of MDS…

How you’ve found value by just restructuring the company is amazing. But how you will continue to post growth at this circling the drain is beyond even the most experienced insiders when we know this growth is financially engineered. This is a slow motion train wreck and if you don’t take the GE people out of this picture, you will also lose value. It takes consistent incompetence and grifting to destroy something with this much history and momentum and you guys have showed up late to the party.

are people looking for a new job now or going to wait it out and see if you get laid off?

I just had my 6 month anniversary on Monday so obviously I am not eligible for the VSP. I am thinking there is a good chance I will be laid off by September 1st? Do you think that is how it will go?

Centene is a such a trash company, 11 years here and the offer I received was horrible. Sarah thinks this route is the best way to go, she is going to lose a lot of people. She needs to pony up and pay her share of destruction she made. Shame on her

https://www.chron.com/business/article/dallas-neiman-marcus-layoffs-22308386.php

General Motors is adding cobots to its Factory Zero. These collaborative robots are being introduced in Detroit. The factory previously experienced significant layoffs. The United Auto Workers union is expressing displeasure. UAW's concern stems from the automation and job impact.

Detroit, Michigan

https://www.crainsdetroit.com/manufacturing-logistics/automotive/cdb-gm-cobots-rankle-uaw-20260616/

Rivian laid off hundreds of workers this week. This action affected less than 2% of its total workforce. The cuts were concentrated in service and customer-facing teams. These layoffs occurred just one week after the R2 SUV began deliveries. The company stated it is restructuring to profitably scale its business.

https://electrek.co/2026/06/16/rivian-layoffs-r2-launch-profitability/

Several employers in the Memphis area recently announced layoffs or restructuring. These actions will affect hundreds of workers across the Mid-South. Memphis Light, Gas, and Water eliminated 33 positions. WK Kellogg plans to lay off 117 workers, and JBS USA will close its plant impacting over 200. Hollywood Feed also cut 20 corporate jobs due to economic pressures.

Memphis, Tennessee

https://www.localmemphis.com/article/news/local/wave-of-layoffs-hits-mid-south/522-034b6674-c688-455d-91cb-ec63926ffe6e

https://www.indexbox.io/blog/bankruptcies-and-layoffs-hit-transportation-and-logistics-sector-in-june-2026/

Cop car sitting out from of Duncan Manufacturing
Layoffs happening this morning.
Unit Test, Truck Shop and Maintenance Department getting hit this morning.
More frac hands let go at Duncan Field Camp yesterday.