#layoffs

They’ve cut ~20% of the workforce today as, “ the business reorganization we announced today, which will impact approximately 20% of our global workforce. The intent of the reorganization is to simplify our global engineering operations, reduce our fixed costs, lower general and administrative expenses, and accelerate our move up-market and away from down-market SMB.”

Good luck to those moving to RS. Do we know an actual confirmed number of staff who will tupe across and what what relationship to the product ie engineering, support, sales etc?

Any mainframe developers affected in this layoff?

Fidelity pushed the non-tech to tech roles during the pandemic. Then finally someone realized it’s better to pay more for people who know what they’re doing.

Next cut will be managers who aren’t qualified and have been in their roles too long. Weak managers cost the firm too much, it’s not just one expense, but there’s a serious ripple effect.

Culture comes from the top down and when the top are filled with people that only have one brain cell, the rest of the company takes a hit.

We’ve definitely been sold to either Goldman or JPM.

It’s just a matter of time now before they announce the sell and layoff of full business units.

Full decimation soon.

ProFrac Services, LLC will lay off 157 workers. These layoffs are at its Vernal oil field. The company cited a significant local market downturn. The layoffs are scheduled to begin May 26. ProFrac Holding Corp. is the parent company.

Vernal, Utah

https://www.sltrib.com/news/2026/04/18/vernal-oilfield-plans-lay-off-more/

Commerzbank announced plans to eliminate 3,000 positions. This move is part of its "Momentum 2030" strategy. The bank will invest Euro 600 million in artificial intelligence. These efforts aim to boost profitability and defend against a UniCredit takeover bid. Commerzbank reported a first-quarter net profit of Euro 913 million.

https://www.latestly.com/business/commerzbank-layoffs-germany-based-bank-to-cut-3000-jobs-in-major-pivot-to-defend-against-unicredit-takeover-7423939.html/amp

It was great seeing our world class leaders post about Mother’s Day just days after they laid off mothers and pressure the ones remaining to figure out how to absorb the work. The ones that work 16 hours a day and work their teams to burnout posting about family time are especially hypocritical. What a special place our Verizon family is. The authenticity is contagious. Love where you work love what you do! Let’s go win another week!

Jazwares reportedly laid off its entire AEW division staff. These layoffs occurred on Friday. Wrestling figure reporter Kyle Peterson first shared this news. This action suggests the AEW figure line partnership is finished. Neither AEW nor Jazwares has officially confirmed these reports.

https://www.ringsidenews.com/entire-aew-jazwares-division-let-go-company-layoffs/

In the last 5 years, MDT stock is down 44% while the SP500 is up 67%. How much longer for CEO and Chairman Martha? Obviously his DEI strategy hasn’t paid off and neither has anything else. How much longer board?

DeepL announced plans to cut approximately 25% of its workforce. This reduction affects about 250 employees. CEO Jarek Kutylowski cited a massive structural shift from artificial intelligence. The Cologne-based company develops AI translation tools. DeepL aims for fewer layers and faster decisions with this change.

Austin, Texas

https://www.msn.com/en-in/money/news/layoffs-google-translate-rival-deepl-announces-plans-to-cut-25-of-staff/ar-AA22ANSi

Freshworks will cut 11% of its global workforce, approximately 500 jobs. This decision is partly due to rapid advancements in artificial intelligence. CEO Dennis Woodside stated AI now writes over half of the company's code. Automation has reduced routine tasks across various departments. The company expects about $8 million in one-time restructuring charges.

https://www.msn.com/en-in/money/topstories/freshworks-layoffs-company-to-cut-500-jobs-ceo-dennis-woodside-explains-why/ar-AA22u4Z5?uxmode=ruby&apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1

The Department of the Interior confirmed layoffs for Utah's Bureau of Land Management. This decision affects nearly 100 employees. The BLM manages 42% of Utah's land, protecting natural areas. Conservation groups express concern over impacts to threatened landscapes. The Red Cliffs Conservation Area, a critical habitat, is among affected areas.

St. George, Utah

https://kutv.com/news/local/nearly-100-bureau-of-land-management-employees-to-be-laid-off

Has anyone recently been impacted by WFR? Asking because since the implementation of ODW, it feels like the redundancy efforts may have started. Trying to understand if others are seeing similar developments across teams or locations.

Nearly 38,000 US jobs were cut in the first 10 days of May 2026. This affected sectors like technology, finance, and aviation. Spirit Airlines ceased operations, impacting 14,000 employees. Many companies cited AI-driven restructuring and cost reduction plans. Kyndryl, PayPal, and Cloudflare also announced significant workforce reductions.

https://americanbazaaronline.com/2026/05/10/us-layoffs-in-first-10-days-of-may-2026-nearly-38000-jobs-cut-480502/

Owens Corning confirmed upcoming layoffs in Utah. The company will lay off 67 employees at its Nephi facility. Owens Corning is a major manufacturing company. The company made a strategic decision to curtail operations.

Nephi, Utah

https://www.abc4.com/news/central-utah/billion-dollar-company-layoffs-nephi/

Packaging manufacturers announced over 500 planned layoffs in March. These workforce reductions will occur in the coming months. Advanced Packaging, Genpak, Millwood, PCA, and Smurfit Westrock are among the affected companies. Plant closures are planned in Maryland, Utah, Illinois, Virginia, and Massachusetts. Genpak cited rising polystyrene bans for its Cedar City facility shutdown.

https://www.packagingdive.com/news/march-2026-packaging-manufacturing-closures-layoffs-genpak-pca-smurfit-westrock/816222/

We brought someone onto my team last month who used to be a senior manager at a major tech firm. Over a decade of management experience. Two decades total in the industry. He's now an individual contributor at a mid level role. It really shows how quickly a career you spent years building can evaporate.

We used to have that. Can we go back to that time?

We know cuts are coming, but we don’t know when or any real details beyond that. So now we get to sit around stressing and worrying for who knows how long. I’m sure that’s going to do wonders for everyone’s mental and physical health. I really hate what this place has become and the joke we have for leadership.

While Bosch Türkiye posted net sales of €5.5 billion in 2024—a 25 percent increase over the previous year—the company simultaneously notified the Ministry of Labor of its plan to eliminate 1,400 jobs at its Bursa plant.

https://www.wsws.org/en/articles/2026/05/10/xkfh-m10.html

Every single person on my team is. Every single one.

I've been through a few layoff rounds now and I've started tracking who goes. The pattern makes no sense. Hard workers, people with great reviews, people who consistently deliver get cut. People who coast, who hide in meetings, who produce almost nothing stay. People usually explain it as being about salary. High performers have been here longer and make more, which make them targets, and the cheaper people survive. Which makes sense only if you disregard the fact that this sends a message not to be too good at your job. Just be average and cheap and you'll be safe. How is that kind of workforce good for the company?

10% this year company wide. 5% in June and 5% in October to stay below the warn notice. Next year gets even better at 15%. Have fun everybody!

Is this true?

I was laid off last week and I have to say I feel nothing but relief. I was one bad week away from resigning with nothing lined up. Now I get a package and a clean exit. I know not everyone is in the same position, so I hope the others affected are doing alright.

Topgolf has laid off hundreds of employees nationwide. These cuts occurred months after a private equity firm acquired the company. New CEO David McKillips initiated leadership changes. Roles in sales, hospitality, operations, and events were impacted. Alabama locations were among those affected by the job reductions.

https://www.al.com/news/2026/05/topgolf-has-laid-off-hundreds-of-employees-including-some-in-alabama.html

https://finance.yahoo.com/sectors/technology/articles/laid-off-oracle-workers-tried-225905651.html

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https://techrights.org/n/2026/05/11/Discussions_About_When_the_Axe_Falls_at_IBM_Kyndryl_11_000_Layo.shtml

Hope you survive the upcoming mass layoffs

I was impacted on Thursday and took the rest of the day and Friday off. Will I be expected to work in my normal capacity tomorrow? Not much was communicated to me

contractors paid more then FTEs for same work ? any company will retain their FTEs and lay off contractors for any scenario!!

H1B and J1 visas ki-led Spirit Airlines!!
Is Ford next??
Ford is full of full of Visa folks and laying off locals.
My friend list his daughter who was fighting with cancer as his position got replaced by H1B. And he lost insurance after severence.
Is there a way to stop this??

Would you consider finding an internal role and staying or are you completely done with fidelity? What are some of the pros and cons? I’ve seen a lot of people who were laid off last round come back either full time or contract so just curious.

That's why we keep losing the best people, the real backbone of teams. So don't kid yourself that performance will save you. When your number's up, no amount of effort is going to change that.

1000+ roles might not seem much but majority of these were VP, SVP level roles.

When these leadership roles are filled, the teams are consolidated and there WILL BE natural redundancy introduced that will further fuel reduction in future.

The leaders and HR have been lying all this time.

The 800+ leadership roles elimination have left 25k associates fate again in limbo.

The new leaders who take up these roles will again evaluate team structure, introducing further stress, anxiety and uncertainty which will last till fall.

And next Q1 will further see more reductions.

This comment from a Fidelity spokesperson gives me pause and makes me wonder what the median age of those impact by the RIF is.

I’m 52 and was laid off last week. If you were laid off, share your age below.

“These changes are about getting the right combination of skills in place for where Fidelity is headed, including creating more room for early-career, hands-on engineering roles and streamlining senior leadership layers,” a company spokesperson said in a statement. https://www.masslive.com/business/2026/05/fidelity-to-lay-off-800-workers-but-hire-thousands-more.html