#layoffs

If any VPs or EVP are in this form. Please please and please request Dan to do everything in one single go and stop these RIF. People's are mentally challenged everyday by listening to rumors and fake news. Be bold and if Dan requires customers to be his first priority then give employment to his beloved customers and run this company with customers and remove all employees ( Onshore and offshore)

I was not laid off but am not happy with layoffs and very sad to see close people leave. I will have a lot of work and be miserable. Can I get a package to leave Fidelity? Could I return later?

Recently a number of colleagues received performance letters that clearly state they need to be 100% for Q2 or they could be subject to termination based on their performance.

Do you think this is a way for MO to downsize the company without having to pay a severance? I don’t buy for one second that he wants to add more sales representatives. We have downsized starting all the way at the top (I.e ZVP’s/Sr. Dir) but the layoffs never really hit sales.

As a rep, it will be open territory season soon. Get your popcorn ready! I feel bad for my manager. I doubt they will backfill the positions. Managers/directors will get stuck with the quota with little to no production coming out of the territory. I am sure they will be pi---d considering they are paid based on percentage of plan.

Once again, they're going after veterans, experienced folks, quick thinkers, and problem solvers. Exactly the people teams need to function. You could almost believe they don't care about the company's future. And they don't. As long as the top and the shareholders get their value, nothing else matters. I just wonder when the bottom finally gives out.

It has been circling the drain for 10 years.

I'm so sorry for everyone. I truly hope everybody gets lucky and lands a decent job fast.

Major announcement in ECS. UHG has determined it is cost effective to offshore pre authorization services for LTAC, IRF and SNF to the Philippines. 30-40% is caseload gone. Member PHI to be handled by 3rd world

Did any FTS folks get the axe?

They got rid of the mandatory furlough just a few weeks before the sh-t hit the fan. In retrospect, that feels very telling. Make the contractors work every holiday now that they canned everyone else.

And no amount of OT you can chase is ever going to make up for the $30k bonus that other dude got last year — while also getting paid vacation time and holidays with his family instead of toiling away like some bottom feeder. That’s how they see us. Disposable labor.

Don’t let them take your soul. Do whatever you can to let the contract lapse and collect unemployment if possible. Use this as a runway to get the fu-k out.

And if you’re FTS and got laid off:
How many years were you there?
Did you get any kind of package?
Or were you just completely SOL?

Because in FTS land, contractors are treated like the trash beneath the trash pile — completely disposable.

My contract is up in a few months, and I’m wondering whether they’re just going to let contracts lapse or try to force all of us into full-time RTO without any increase in pay or benefits.

They need to pay me more to be onsite full time, and their legalese is not magically going to protect them. Up until literally last week, leadership messaging was that we would never be required back full time. That was the understanding many people accepted when agreeing to these roles.

Use this moment as your runway:
Ask for more.
Push back.
Or safely get the fu-k out of this shell game.

The longer you stay in contractor land, the more years of your life you are tossing into the fire.

They will never voluntarily give you benefits, vacation time, a 401(k) match, or meaningful raises. And if, by some miracle, you finally get a conversion opportunity, they’ll often lowball you so hard that you either:

1.  Stay a contractor out of necessity, or
2.  Convert while feeling deeply resentful and underpaid.

Someone I know was there for over five years:
• Underpaid
• No vacation
• No bonus
• No 401(k) match
• No raises, not even cost-of-living increases
• Overtime never approved
• Still expected onsite the same amount as FTEs

And when they finally tried to convert, the offer was reportedly so low it felt insulting and demoralizing.

Do not get trapped in contractor land.

FTS feels like a shell game, and honestly, a lot of this starts raising real questions about worker classification and fairness. Massachusetts has strict contractor laws and the ABC test for a reason.

If people feel they are being misclassified or denied lawful compensation, they should absolutely consider speaking with an employment attorney or contacting the Massachusetts Attorney General’s Office Fair Labor Division to understand their rights.

Also, if contractors are truly separate workers through a staffing agency, it raises questions when internal skip-level managers are effectively controlling compensation conversations while simultaneously claiming they cannot know contractor pay details.

Like any contracting arrangement, if someone is making $50/hour and the vendor is billing dramatically more for that labor, there should be room for fair treatment, annual increases, and basic respect for long-term workers.

At some point, companies have to stop treating experienced contractors like permanently temporary people.

ProTip: In MA you can file a complaint with the Massachusetts Attorney General’s Office Fair Labor Division, and enough people reporting similar sh-t can absolutely trigger a larger investigation into misclassification or wage violations.

And honestly? Use AI to help draft it. Why spend hours stressing over wording when you can dump your timeline into ChatGPT or Microsoft Copilot and have a solid draft in 4 minutes.

File here: MA AG Workplace Complaint Form

what group & what excuse… Dallas move, outsourcing, AI?

https://www.startribune.com/medtronic-restructuring/601838496

This is a bold statement by the Medtronic spokesman.

“ The restructuring is one of several since 2020, and employees have reported the latest one is occurring in tandem with layoffs.
A Medtronic spokesman declined to confirm any layoffs, saying in an email that he would not comment on “rumors of staffing changes.”
He added that the company’s hiring in recent years has outpaced any reductions — especially in the United States.
“What I will point out is that as Medtronic sharpens its focus on high-opportunity, high-growth areas, we’re making thoughtful decisions about where to invest,” spokesman Justin Paquette said in an email.”

Any guesses on total headcount reductions?

Soooo many posts on LinkedIn in recent weeks of coworkers across multiple departments who’ve been here 5/10/15+ years leaving for better opportunities. Proactively leaving and not waiting for next round of layoffs in case they get hit next. Good for them and god help us who stay on this sinking ship thinking anything will change.

I was laid off today and just sat there like “now what?” What are your plans for now to the end of the month?

I’m thinking to just show face at daily meetings, don’t do anything else and ignore 90% of teams and email messages. I mean this was worst case right? They can’t really do anything else?

1. Loans taken to cover payroll. All that LHXNext savings still can't stop the debt created implosion.
2. Accelerating the full transformation into the ENRON of the defense industry.
3. 160 hours vacation and sick combined cap being enforced in certain businesses. Director level approval required above 160 hours combined.
4. Auto rejection of planned sick or vacation leave if not provided with enough advance notice. Override requires manager and second level approval.
5. Rolling layoffs still occurring.
6. Stock price down $70 from recent high of around $370. Currently around $300.
7. Insider selling accelerating.
8. RTO harassment still occurring even with commuting costs skyrocketing due to fuel spikes.
9. Outsourced IT company not getting paid due to cash flow issues. Leads to more service outages and lack of support.
10. Morale has hit a new low. Parking lots emptying rapidly after 5 PM. Only time I've ever seen people leave faster was after a 4 hr college chemistry lab was over.

Please comment with additional information regarding the state of dysfunction @ L3H

5/14 D-Day

After todays announcement, it's sure 100% layoffs are happening, do you know what will be the severance, if they will do mass layoffs do you think they will increase severance?

Is it over?

They say another big round will be on May 13. Did u hear anything?

https://www.pressdemocrat.com/2026/05/07/medtronic-leaving-sonoma-santa-rosa/

AVE in Santa Rosa literally helped build the coronary and SH business for medtronic, otherwise they would be still selling just batteries

It’s very sad what they did to Santa Rosa over the years. I started my career there and spend 10 wonderful years it su-ks that GM and his bunch of cronies will keep buying more houses in Florida and Hawaii while the average people with kids and mortgage lose their jobs.

GM has to be the worst CEO in this company’s history. Great job GM

Frontier did a round of lay-offs today. Not sure if company wide or just IT. A lot of senior leadership leaving. Off the books by June 5th.

https://www.reuters.com/business/verizon-cutting-few-hundred-jobs-nationwide-2026-05-07/

do we need to worry about our firm?

They will keep all your FHA monies!!! The money you put in and the money they put in will be consumed by MDT after the 60 days. USE IT NOW! I lost 1200 dollars when I got laid off.

Google says vz has 89,900 employees. The count of contractors is not available. Could contractors be included in the "total" global workforce count (as referenced in several new stories about the firings)? The number of fulltime employees is 89,900 (per Google). The count of contractors could be 10K, 50K, 100K....

I have a feeling the real thing is yet to take place.

I get that being played off can be really stressful. More so now than ever companies are showing us how little we all matter. If you’re on the finance side of Fidelity, have you ever given thought to using your skills for yourself instead of a company? I did two years ago and have been doing well since. Just some food for thought

I guess being laid off is my anniversary gift? Fu-k them.

https://hr.economictimes.indiatimes.com/news/industry/kyndryl-plans-job-cuts-forecasts-pretax-profit-below-estimates/130876556

once you are made redundant, are you ready to go back in there? will jobs change or disappear at other companies too because of this AI implementation? "This company's issue isn't profit, it’s growth." The company must grow to remain competitive; if other companies adopt AI and have fewer roles, then this one must do exactly the same and, as it appears, these are years where they are only letting people go. Are you ready for a world where you just can’t make ends meet because no company will ever need a human doing the job? Am I being too catastrophic or simply this issue is not getting addressed enough with governments and the public?

Another round of layoffs planned for the first of next week. Nice job Marcus, what a visionary!

I mentioned earlier that it would be good to subscribe to Ignites.
The Boston Globe just put out an article titled "Fidelity Cutting About 1000 Jobs But Hiring More Than 5000, What Gives"
I am not going to subscribe to the Globe, but I'm sure it's an interesting read.

Im sorry to everyone affected, the market is he-l right now. oversaturaded is an understatement, not to mention meritocratic hiring practices have been done away with in exchange for inexperienced workers who will listen better and take less pay/benefits. If you got hit today, get out there ASAP. Do not wait.

How many people got impacted? What positions specifically got impacted in each BU? Any interesting people get laid off today?

I apologize to anyone dealing with the lay off. Both the website and dealing with being laid off. It’s one of the roughest experiences I’ve ever been through myself. But you will make it.

And if Fidelity is reading this, I will pay you to find whoever keeps making the Boston devops posts and take away their phone.

Verizon layoffs 2026: hundreds more jobs cut nationwide [ Yahoo Finance ].
Colleen Cabili
Thu, May 7, 2026 at 3:03 PM EDT

About six months after eliminating more than 13,000 positions in its largest-ever single round of layoffs, Verizon has confirmed a new wave of cuts totaling several hundred jobs across the country.

Without offering a precise figure, Verizon characterized the scope as under 1% of its global workforce, Business Insider reported. Smaller business units bear the brunt of the reductions, with Verizon's Basking Ridge, New Jersey campus seeing the heaviest impact.

"We're continuing to add head count to grow parts of the business that are growing while making targeted job reductions to portions of the business where this is needed," a Verizon spokesperson said in a statement.

At a time when many employers have pointed to AI as a rationale for headcount reductions, Verizon explicitly ruled out the technology as a factor in these cuts. Workers who lose their jobs can pursue any of the more than 1,000 U.S. roles currently listed on the company's careers page.

On last week's earnings call, CFO Anthony Skiadas described the company as operating with a leaner structure since the prior year's cuts and signaled that efficiency efforts would extend past 2026. During the same call, CEO Dan Schulman highlighted AI's growing footprint at Verizon, pointing to reductions in vendor support costs of up to 70% and a 40% gain in software code output.

When announcing the November 2024 cuts, Schulman characterized the scope as company-wide and said the savings would be redirected toward improving the customer experience.

https://finance.yahoo.com/markets/stocks/articles/verizon-layoffs-2026-hundreds-more-190352303.html

I see many Managers/GCLs, TLs are on PTO today, tomorrow and Monday what’s the logic behind it?

https://www.businessinsider.com/verizon-cuts-hundreds-of-jobs-in-latest-round-of-layoffs-2026-5

My partner works for AZ and in a recent town hall meeting they said they play to reduce costs by 30% by 2030 with AI being the main focus. Expect more layoffs to come

I don’t get the logic, everyone I know that was impacted is a top star employee.

Why the actual eff did HR get rid of everyone they did but not touch the hairdressers that came over during the pandemic, without a high school degree?!

Why did they let managers stay that have openly criticized their teams for so many people having college degrees, when they don’t?! HR believes people that are insecure about not having an education are a better fit for management?! No! The ones that have that bad of imposter syndrome should have been right sized.

I hate this layoff so much because the logic is zero.

Seems that employees over 50 were the largest group impacted today. Experience means nothing, loyalty means nothing, dedication means nothing. With age comes experience and sadly with longevity comes a higher expense.

What is needed is a class action suit against the company for age discrimination.