#layoffs

https://finance.yahoo.com/markets/stocks/articles/nike-slashes-1-400-more-103500902.html

Nike slashes 1,400 more jobs as its stock crashes 70% from pandemic highs — and the real reason isn't 'woke' marketing

Oh how messed up we are getting, lol?

it’s starting to feel like we’re just giving up and letting the whole thing fall apart. we finally got rid of makoto uchida after months of rumors, and he officially stepped down march 31. on paper that sounds like a reset, but honestly it feels more like panic mode.

now ivan espinosa is taking over. he’s been here a long time, so it’s not like some outside savior is coming in. it feels more like reshuffling the same deck while the ship is already taking on water.

we all know the situation is rough. debt is piling up, sales keep sliding, and trust in the brand is not what it used to be. insiders were already saying late last year that nissan had only 12 to 14 months to turn things around. that clock is still ticking.

what really gets me is the honda deal. from what i’ve heard, honda wasn’t the main problem. we were too stubborn about not becoming a subsidiary, so we may have walked away from the closest thing we had to a lifeline.

and here’s the part that makes it worse. one of honda’s conditions was leadership change. now uchida is gone, so maybe that door opens again, but who knows. right now it just feels like rumors and damage control.

there’s also talk about other buyers or partnerships, but it all feels late. like we waited too long, made too many bad calls, and now every option is worse than it would’ve been a year ago.

from inside, this does not feel like a turnaround story. it feels like we are running out of time and options.

congrats India, you won

you came in, started small, then grew

took over groups, director level and down, maybe 1 local US dude

then, took over VP roles

that's when it really went down the tubes

now....you got it all, you fired all the local long term local workers, literally all of them

hiring spree in ITC

while US workers wonder what hit them, wondering why

it's disgusting

it's anti american

but you won, congratulations, you won the over GT at the swoosh

but you also turned it into the massive unproductive and cost over run disaster

so you won, but you also lost

now you have it, what are going to do with it

pressure is on

you took it away, now what

we all know the answer

pendulum swings

the clock is ticking

we'll be back, and strong, and you will be gone

When the dusts of current RIF and ReOrg settle, architects and the data scientists are the two most costly and counter-productive roles that needs the closest scrutinies.

The existence of those helicopter architects is the single inhibiting cohorts to an engineering driven culture. If the premise of those tenured architects is to guide the weak engineering teams, it’s not working and will never work (that’ why you don’t see the architect role in big tech such as Google and Meta):

• If you keep the architects away from the engineering team like it is today, their lack of current and hands-on knowledge, and their lack of affinity to the day-to-day work on the one hand, stretches a tension with their assumed authority on the other hand. We find ourselves wasting cycles and energy convincing and compromising with them on a good day and misled/delayed on the bad days. We consider those architects good if they stay away most of the time, reverse engineering by themselves or asking us to produce a few pretty diagrams from our finished products periodically, and don’t try to put their dirty fingerprints on everything we do.

If you pull those architects Gods down from the FAE heaven and embed them into the engineering teams, their unwillingness to do the dirty chores and their proud refusal to assimilate will create tension between themselves and rest of the team like oil and water. Neither party will be happy.

That leaves the only option which is to reduce the architect role dramatically if not demolish it altogether: (1) Keep only a few true architects in FAE who either (a) looks cross-functional for duplication and consolidation opportunities or (b) possesses niche knowledge and skills such as security, internationalization or accessibility. (2) Fire the rest or demote them to principal (or just give them the VP title) level IC and disperse them into individual engineering teams.

With the deadweight architects out of hand, we may start growing the engineering team and culture by trusting engineers with the architectural decisions in a collective fashion among the junior, senior, principle and tech leads of a team.

Now let’s turn our attention to data scientists. WARNING: they’re so much worse than the architects!

The complete AI ignorance of the upper managements makes themselves easy targets to the scammed by Fidelity’s fake data-scientists (compared with those who can build GPT):

• They’re paid at least one level higher than engineers yet what are they doing these days? Developing chatbots by calling vendor APIs or downloading models from HuggingFace. What entails in developing chatbots or the fancier agents? (1) Calling APIs, (2) developing the chat GUI and (3) Crafting LLM prompts. Well, software engineers are better calling APIs and developing GUI, and non-technical business domain experts are better at crafting LLM prompts. Both do a better job significantly cheaper. AI has been demoratized to a point where a high-school drop out may do a better job than an Ph.D. who don’t continuously learn.

Why don’t they train foundational LLMs that utilizes Fidelity’s private data, like Bloomberg, Captital One or Morgan Stanley? They can’t. The whole data scientists community from top to bottom are outdated. They’re stuck in the old traditional machine learning paradigms of regression, decision trees and scikitlearn. They haven’t or can’t learn the new AI paradigm which appeared on in 2017.

That leaves us with three options: (1) Fire majority of them to make room (2) Demote the remaining good data scientists to sort of higher level AI analysts who conduct experiments and compare vendor/HuggingFace models. (3) Hire true data scientist who are either experienced with or educated on the current paradigm of AI, that is those laid off from big techs and those fresh graduates who learned current paradigm of AI at school.

Architects and Data Scientists, the attic where all the dusts collect, need a desperate cleansing. With these two roles straighten up, Fidelity 2.0 may start!

Anyone with inside knowledge, which group will be hit in May?

You guys are hilarious!
Depressed when the stock is down. Depressed when the stock is up.
Depressed when there are layoffs.
Depressed when there are no layoffs.

While you are busy Mickey Mousing, cutting and laying off people every month without solving big problem. There is a marauder on the horizon. And I am afraid they are here is to conquer you.
And I am talking about Chinese Shoe Makers. Yes, those people that were making your contract Nikes are now have grown up.
I was at GuangZhou about 30 days ago and I had to admit that I was impressed of Anta and Li Ning. And the energy and motivation that I felt from them was same one that I got from Nike during 90s.
Just like Nike of yesterday years, NO was not an answer. Arrogance, entitlement, overconfidence was not with them yet.
And they are ready to expand. They conquered China and Asia. Now they are eyeing towards America.

Get your A game out!!

Or one IT design from Anta and it will leave Nike in the dust.

Any ideas on where everyone went? What companies are you all at now and can you help any remaining Cengager's get out or catch the fall?

Anyone notice that all the employees who have completed 40 years of service at Citibank are being let go as a long service reward?

Anyone lose their jobs in credit balance? God I wish they would lay me off.

This is what we were told :
Sr leadership are moving toward consolidating developers into larger teams (minimum of 10-15 people) rather than smaller squads.
At the leadership level:

• VP-level Squad Leaders overseeing non-prioritized projects, small teams, or any L8 Individual Contributors are at risk of layoffs.
• Those who retain their positions may be reassigned to L7 Director roles and report to Engineering.
• For non-core business functions (Finance, HR, Marketing), we may see also reduced headcount to streamline operations and reduce fat.

Specifically:

• There can be an approximate 15% reduction in technology leadership positions (L7+)
• Non-leadership roles will see minimal reductions, but still possible
• Contractor contracts may not be extended
• Please be prepared for potential changes in your reporting structure.

Drahi getting desperate and selling more assets. As we all know as part of his procurement scam, money laundering scheme we are forced to do business at inflated rates with businesses he owns to bring in more money for him beyond what he can make from Altice and Altice USA. One of those companies is Intelcia. He purposely laid off thousands of call center employees, ruining lives, just so he could outsource the jobs to a company he owns to make more money. Pays less for customer service and personally makes more money. Well to keep the mothership alive, Altice just sold their 65% stake in Intelcia to gain funds to pay some of their debt pressure. What else to be sold?

https://www.forbesmiddleeast.com/industry/telecommunications/billionaire-patrick-drahis-altice-to-sell-65-stake-in-moroccos-intelcia

Wikipedia quotes 12,170, but I suppose that does not include recent layoffs.

To help everyone - No jobs (anywhere) are permanent.

To all Castrol colleagues, especially folks in Digital Technology, how are you guys feeling about the ringfence situation and the fact that you are being forced to move out of BP.

Do you feel positive about the future or are you polishing your CVs? What do you think about RD as leader and the org structure he shared recently?

St. Lawrence College is laying off 28 full-time faculty members. These layoffs will affect all three of its campuses. The college president stated program suspensions and restructuring caused the cuts. The faculty union, OPSEU Local 417, links the layoffs to a planned merger. The union also filed an unfair labor practice and advocates for increased provincial funding.

https://www.standard-freeholder.com/news/st-lawrence-college-faculty-layoffs

A Lexington supplements distributor is shutting down operations. This closure will eliminate 130 jobs. The shutdown follows a recent company sale. Grocer giant Kroger sold the company. A larger supplements concern acquired the distributor.

Lexington, North Carolina

https://hoodline.com/2026/04/lexington-reeling-as-vitacost-axes-warehouse-130-jobs-lost/

Greenwood Leflore Hospital has filed for bankruptcy. The hospital also laid off 86 staff members. Several outpatient and wellness clinics have closed. These actions aim to restructure debt and stabilize operations. A potential partnership with the University of Mississippi Medical Center is being explored.

Greenwood, Mississippi

https://tippahnews.com/mississippi-news/bankruptcy-layoffs-put-greenwood-leflore-hospitals-future-in-doubt/

The Estée Lauder Companies increased its planned job cuts. It now plans to eliminate 9,000 to 10,000 positions. This is an increase from the earlier estimate of 5,800 to 7,000 roles. Over 70% of these additional cuts affect point-of-sale demonstration roles. These reductions are part of a shift towards high-growth channels.

https://www.happi.com/breaking-news/more-layoffs-at-estee-lauder/

Many mid-career millennials are dissatisfied with their current jobs. They prefer an external push like a layoff to voluntarily leaving. A survey by online education platform ELVTR found 37% of millennials are unhappy in their roles. Nearly six in 10 hoped for a layoff to exit their job. This trend is called "career dysmorphia" by ELVTR's CEO.

https://www.fastcompany.com/91502603/millennials-dont-want-to-quit-they-want-to-get-laid-off

Right now, fear is everywhere at Oracle. For a long time, the company’s raises and promotions have been pretty bad compared to places like Google or Meta. But despite the lower pay, so many people stayed. They were the real backbone of the company’s success, and they stuck around because they needed the stability for their visas, their families, or their health. They pushed through all the office politics and the lack of growth, thinking that their loyalty would eventually count for something.

But Oracle just proved those people wrong. The company treated its most loyal workers like they didn't matter. When the layoffs happened, their severance was tiny because their salaries had been kept so low for years. On top of that, they lost their stocks and were told they couldn't be rehired. It’s devastating to see people who gave everything to the company be left with no voice and no support.

Now, the "survivors" who are still there are realizing the same thing could happen to them. In this new AI era, you feel like just a name and a number on a screen. With everything moving to Nashville, there's this constant worry that your laptop could be shut off at any second. Honestly, no one is motivated anymore. We don't know when it is our turn. The whole company feels like it's in mourning, with everyone just doing the bare minimum to get by because the trust is completely gone.

TIAA is cutting 95 jobs. These layoffs affect its Denver office. The financial services giant is moving operations to Texas. TIAA is ending its lease early. This involves a prominent downtown Denver building.

Denver, Colorado

https://www.bizjournals.com/denver/news/2026/05/01/denver-layoffs-downtown-colorado-financial-giant.html

Milestone Technologies announced permanent layoffs affecting 66 workers. These employees are at a Prineville data center. The data center is tied to Meta Platforms. Layoffs are occurring due to an expiring contract. Terminations are expected to begin on June 28.

Prineville, Oregon

https://www.centraloregondaily.com/news/prineville/prineville-data-center-layoffs-meta-milestone/article_52864dd9-eeb6-44ed-ab79-6a55107f8105.html

A local plant announced significant layoffs. The company is BASF. Half of its workforce will be laid off. This represents about half of the town's population. The layoffs will have community impacts.

Bay Minette, Alabama

https://www.wkrg.com/video/community-impacts-on-basf-production-layoffs/11754866/

VR game developer Survios has reportedly laid off much of its staff. Employee LinkedIn posts indicate the studio's operations may effectively halt. One designer stated Survios would be "essentially shuttered." The company recently expanded beyond VR to PC and consoles. Survios has not yet publicly commented on the situation.

https://www.uploadvr.com/survios-reportedly-sees-critical-layoffs/

Indiana University's tech division cut jobs. Thirteen employees received notices of termination. This move aligns staff with institutional goals. It supports research and financial stability. The university remains silent on wider layoffs.

Bloomington, Indiana

https://www.ipm.org/news/2026-05-01/iu-tech-services-lays-off-13-university-quiet-on-scope-of-layoffs

Surprise! No.

“Cognizant to cut over 4,000 jobs as ‘Project Leap’ drives AI focus
by VARINDIA 2026-05-02”

Https://www.varindia.com/news/Cognizant-to-cut-over-4,000-jobs-as-%E2%80%98Project-Leap%E2%80%99-drives-AI-focus

Kent State University announced upcoming layoffs. This action addresses a projected $18 million budget shortfall. The shortfall is for the next fiscal year. Up to 45 currently occupied positions will be eliminated. This represents a portion of the university's 3,408 employees.

https://www.beaconjournal.com/story/news/education/campus/2026/05/01/ksu-president-todd-diacon-says-18-million-deficit-will-bring-layoffs/89896326007/

The Daily Wire has initiated staff layoffs. A company spokesperson confirmed the organizational restructuring. Cuts primarily affected the Nashville production office. The company will focus resources on new entertainment projects. This follows previous staff reductions in March 2025.

Nashville, TN

https://barrettmedia.com/2026/05/01/daily-wire-layoffs/

Eugene 4J School District is laying off over 170 employees. This action addresses a significant budget deficit. The deficit has grown to approximately $50 million. Layoffs will take effect at the start of the 2026-2027 school year. Further reductions may occur due to the increased shortfall.

Eugene, Oregon

https://kval.com/news/local/eugene-4j-school-district-to-see-layoffs

Reckitt Benckiser Group plans another round of layoffs in New Jersey. The company expects to let go 57 employees by March 2027. These job reductions will occur at its new Nutley headquarters. This is part of a restructuring campaign announced in July 2024. The strategy aims for a simpler organization focusing on core health and hygiene brands.

Nutley, New Jersey

https://njbiz.com/reckitt-layoffs-nutley-nj-2027/

WARN notices indicate ongoing U.S. company layoffs in May. These notices provide public indicators of large job cuts. Companies across various industries are announcing reductions. Meta plans to lay off 8,000 global employees starting May 20. Other firms like Swedish Match and GDIT also announced cuts.

https://www.newsweek.com/list-of-companies-laying-off-employees-in-may-11859936

Put it down in your calendar for April 29th, 2031. Remember to check (in 2031) if IBM did, indeed, hire 750 people in Chicago for "quantum" something.

http://techrights.org/n/2026/05/02/Thousands_of_Layoffs_at_IBM_So_IBM_Pays_Mainstream_Media_to_Cla.shtml

Arizona employers filed nine layoff notices in April. These notices announced plans to cut 940 jobs across the state. The layoffs affected various sectors. These included food service and nonprofit social services. Youth residential programs and beverage distribution also saw cuts.

Arizona

https://www.azcentral.com/story/money/business/economy/2026/05/01/arizona-layoffs-april-2026/89837962007/

For layoffs

https://time.com/article/2026/04/30/oracle-layoffs-ai-tech-jobs/

They su---r employees with RSUs and then just get them back in a layoff….to be given to the next group of su-kers

Checked with claude, they may save $600 M per year ongoing basis if they get rid of 10 percent people.

They are paying double for Mainframe and Cloud. Also schwab is much leaner at just 35k employees.

They may want to hire talented developers who recently laid off from Amazon or Meta.

This talk of going back everyday, it’s simply trying to downsize the firm. No way around that.

What if the Johnson Je-k Circle realizes this is a really painfully bad idea some time into 2027 when they’re already executing it. There’s a reason only certain places are executing this first.

Let’s say they finally make their alignments exactly how they want them to be organized. Be it making teams colocated, or whatever else they want to do. Then they realize “hey, some of these teams work better remote, and we’re impeding their ability to work”. Like software engineer teams. And then you have other positions who need an office to perform to the best of their ability.

The vast majority of us can say this is a grave mistake Abby is making. What if this is the mistake they need to make to realize that they need to go back to the old way, where there was more freedom for people who only had to go to the office for legitimately boosting work output?

If it took us all one year of doing this experiment, then for the overlords to get their ducks in a row… then the remainder of us who survive the layoffs could be allowed to work to the best of our ability, be it being remote or in the office if we need to be… then, maybe that’s what we just need to power through, if we have the ability to power through it.

It’ll be incredibly annoying of course, but, what if this is what it takes for them to let us go back to a work environment that’s accommodating to all of our individual needs?

Confirmed 5% RIF including Dinosaurs who would be forced to retire.

Is it true that at Google employees over 50 are viewed as not being in touch with technology and thus, forced out or laid off? I’ve heard this affects women more.