#layoffs

For months conversations have swirled around a changing risk environment @PNC and today, unfortunately several folks in Risk, Compliance and i believe the change office were displaced after an organizational realignment. This comes on the heals of FirstBank and the BAM's. Sadly, it seems like this is just the beginning, not just with PNC, but banking in general. The financial landscape is drastically changing...it feels like 2008 all over again.

Are the brand marketing people safe? There is so much to be done but not enough peeeeeeeeps.

They keep piling on contracter roles no one is safer it seems like. What we do?

eBay is closing its San Francisco office. Operations at 300 Mission Street will end by September 30, 2026. The company aims to streamline operations. eBay cut 800 global jobs earlier this year. Some San Francisco employees will relocate to the San Jose headquarters.

https://www.msn.com/en-us/money/companies/e-commerce-giant-shuts-down-office-as-layoffs-rise/ar-AA21c6pL

Good luck!

In Compliance and we had some layoffs. We were told there were more coming. Any other groups get hit today?

More layoffs to come.

I hope I’m impacted and they package me out

This is for non-PayPal folks, if you are reading threads please skip. It is AI generated based on today's discussion, the summary is for Journalists and Social Posters so we can spread the word in a unified way. We cannot change what the execs are doing but we can still spread the word and at least have some people be aware of what's being done to the worker:

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## PayPal rumor digest - April 20-21

Consolidating what is being repeated across threads:

• This does not look isolated to one org or one country. Reports are pointing to US, APAC, EMEA, Ireland, and possibly Spain. Main threads: @OP+1kpnme7ft, @OP+1kppctqsc, @OP+1kppjaw72
• The main warning sign seems to be the "Important Business Update" invite: @OP+1kpnme7ft
• Specific claims from that thread include an entire team of 40 being let go @a2+1kpnme7ft, US remote meetings @a5+1kpnme7ft, and US hit with severance of 10-26 weeks @d1+1kpnme7ft
• Locations / orgs mentioned include NA MTS @a6+1kppctqsc, North America + APAC @aa+1kppctqsc, Crypto in Guatemala @aq+1kppctqsc, and Spain office activity @dn+1kpnme7ft
• Ireland keeps coming up via linked reporting and local process discussion: @c6+1kppctqsc, @a8+1kpnme7ft, @a9+1kpnme7ft, @105+1kp93ywqj, plus consultation process comments @b6+1kpnme7ft and @b9+1kpnme7ft
• On numbers, there is no consensus. Estimates range from 25-300 @ak+1kprdja02 to 5000+ @aj+1kprdja02, so take all headcount claims with caution
• General sentiment is that this is another round in an ongoing pattern, not a surprise one-off: @OP+1kprh0pdk

ODW is not the needful. Many jobs will be roasted. I've told you.

Word on the street from a credible source is that tomorrow they will announce the location cuts and on Thursday is when the top 10% highest base pay employees will receive their severance email.

Never understood why they make their cuts based on pay, when your top performers are the ones who are paid the most for a reason.

https://stocks.apple.com/AINSWRZqdTmCMMLj_ShPjhw

Layoffs continue to loom large across the U.S., spreading through nearly every sector of the economy.
From major technology companies like Meta Platforms and Disney announcing thousands of job cuts to store closures and bankruptcy filings in retail, including the recent turbulence surrounding QVC’s bankruptcy filing, have fueled fresh concerns about further workforce reductions.
As companies prepare to report earnings, many are continuing to trim costs, simplify operations, and redirect spending towards automation and efficiency.
The telecommunications sector, long viewed as more stable than tech, is now feeling the pressure as well.
The trend is playing out at a major connectivity player, T-Mobile, which filed multiple Worker Adjustment and Retraining Notification (WARN) filings in April, impacting hundreds of workers across several states.
T-Mobile files 326 layoffs in April
After announcing 393 job cuts in Washington just two months ago, the company announced further cuts in Tennessee, Texas, and Colorado, with layoffs expected to begin in June.
Recent WARN filings show the largest reduction in Chattanooga, Tennessee, where the company disclosed 200 permanent layoffs at its facility on Customer Delight Drive, effective June 8, 2026.

Another tool in the layoff toolkit? Get hammered in May, rated off track in June, find yourself on the list by year-end…Does this resonate with you or am I reading too much into it?

Any word on the next/final round of lay offs for East Syracuse and Oriskany employees? I thought it was Q1 this year and while I know they laid off a bunch in February there are still some of us left. When will we get laid off?

Something tells me something major is coming.

Polaris is closing its Osceola manufacturing plant facility which will leave nearly 190 workers out of a job.

The closure will begin in July and end by Jan. 31, 2027, a letter to the Department of Workforce Development (DWD) Displaced Workers Unit said.

The employment of 189 employees working at the facility will end by the time the facility completely closes, the letter said.

https://www.wjfw.com/news/regional/layoffs-polaris-announces-closure-of-osceola-manufacturing-plant-189-workers-to-lose-jobs/article_d1f6c7f3-cb3a-4575-a485-32428c9f8bea.html

CFO got a $26 million bonus after layoffs. Doesn't that negate the loss of a whole bunch of jobs?

May 5 or June 6. This will be huge.

Did we hear anything new on potential May cuts? Or has that rumor been debunked?

Stop scaring people for no good reason. When layoffs continue, we'll all know it.

Quit last year around this time and sorta forgot about EM, but thought I'd check in to see how y'all are doing.

I do keep in touch with a few EM folks and they all seem kinda sad or stressed out (though the BTC people on LinkedIn seem happy).

How's it going there these days?

I can't with people who say there were surprised by layoffs. How?? Layoffs have been a regular occurrence for years. Constant small cuts with several major rounds every few months. Where were you if you managed to miss this? I'm not saying it should be like this, but please, stop saying "layoffs happened out of nowhere."

Took forever, over a year. I almost threw in the towel. So glad I didn't. It's a much smaller company, pay is comparable, and they actually seem stable. Fingers crossed they don't go under or slash headcount the week I show up. Either way, best of luck to everyone still looking. Stay persistent. Don't quit. The market is brutal, worse than I remember, but there are still jobs out there.

https://www.businessinsider.com/amazon-employees-layoffs-artificial-intelligence-return-to-office-tech-jobs-2026-4

Just saw a job posting for the exact position I was let go from a few months ago. Does anyone making these decisions have any shame? Has this happened to anyone else? It's a slap in the face honestly.

Looks like this round will end up huge.

60 people let go April 9th from the North Amityville location. All where on the b1b program. Program was sold . They will be closing 1 of 3 buildings at first. Harris is then selling off the other 2 buildings we-pons release and antennas after this. The new company they are creating for missile defense. The division sale should happen end or the beginning of 2017 to mid 2017
Clifton is also to be a target end of 2027. There the only division that owns there facility . Property worth quite a bit of money. The high cost of labor in new Jersey. Programs are to be moved and or sold. As we all know Harris needs cash.
I have been with Harris management in palm bay for 10 years. Family person just like you.
Don't want people caught off guard about their choice of employment to affect their future also current staff.
Maybe I am a snitch but want future and current staff to be aware .
All the best to you and yours to the future.

but is it possible to negotiate your severance? Do we have any leverage in the whole process?

Los Angeles Mayor Karen Bass unveiled a $14.85 billion city budget for the coming fiscal year. The proposed 2026-27 plan avoids staff layoffs and eliminates vacant positions. It relies on stronger-than-expected tax revenues to stabilize city finances. The budget prioritizes homelessness, public safety, and core city services. This approach contrasts with last year's spending plan, which faced potential staff cuts.

https://www.dailynews.com/2026/04/20/bass-unveils-a-14-85-billion-la-budget-that-avoids-layoffs-as-revenues-stabilize/

Several companies are announcing workforce reductions, citing artificial intelligence as a key factor. One report indicated AI was a factor in 8% of recent job cut plans. Some industry leaders question if this is always genuine or "AI washing." Despite cuts, some companies may rehire for new AI-related roles. This trend highlights AI's evolving impact on employment across various sectors.

https://www.businessinsider.com/list-companies-replacing-human-employees-with-ai-layoffs-workforce-reductions

https://www.msn.com/en-us/money/companies/10-companies-that-have-said-they-re-doing-ai-related-layoffs/ss-AA1RkQw8?ocid=msedgntp&pc=W099&cvid=b911c00093144e51d3f86416ea22c999&ei=37#image=7

LHH research indicates 87% of HR leaders plan or have conducted layoffs. These workforce reductions are driven by skills displacement, AI, and market shifts. Most employers find rehiring talent more costly than internal redeployment. A significant gap exists between HR leaders' perception and employee awareness of redeployment programs. Organizations need integrated strategies for outplacement and targeted redeployment to manage continuous restructuring.

https://www.corsicanadailysun.com/national/87-of-hr-leaders-have-conducted-or-plan-layoffs-in-2026-new-lhh-research-reveals/article_52434386-0c93-56bd-b445-9854ebb72d1a.html

My team of registered field nurses has no work. Okay, we have some work but not very much, as in not enough to meet productivity. They hired new nurses last year just as things were slowing down. Now things are so bad- like the hunger games vying for appointments. Forget the bonus, it no longer exists. They are hiring yet again but we have no work! What the heck? What’s going on? My manager has no answer for lack of work, it’s almost like she is pretending the issue doesn’t exist. Any thoughts on what the strategy is here?

The technology sector faces ongoing substantial job reductions. Broadstaff CEO Carrie Charles suggests a career pivot for affected workers. She advises moving into data center roles like electricians and technicians. Demand for these positions is high, with job listings increasing significantly. Senior data center electricians can earn six-figure salaries.

https://www.inc.com/moses-jeanfrancois/data-center-job-pivot/91333637

You hear first here

The Cleveland Metropolitan School District (CMSD) is undertaking significant budget cuts. These measures include school consolidations, building closures, and hundreds of layoffs. Approximately 146 teachers and 132 paraprofessionals were among those affected. The district also eliminated administrative and other support positions. These financial challenges are driven by declining enrollment and reduced state funding.

Cleveland, Ohio

https://signalcleveland.org/cleveland-schools-budget-layoffs-public-school-funding-2026/

Michelin announced 100 job reductions in Emporia, Kansas. The city has seen approximately 1,200 job losses recently. Tyson Foods closed a processing facility in 2025, cutting 800 jobs. Community leaders are discussing workforce and business development. Their goal is to help workers and expand local businesses.

Emporia, Kansas

https://www.ksn.com/news/state-regional/leaders-discuss-path-forward-after-recent-layoffs-in-emporia/

The question was when will the European internal hiring freeze be lifted and is there another layoff coming soon. It was responded by effectively “Hiring freeze will not be lifted any time soon. Anyways I think everyone should be building agents. Next question!”

Yikes. No comment on the layoffs is quite telling but I could be reading too much into it

Layoffs incoming !!!! Time for managers to count their favorites and retain the ego strokers.

More layoffs coming today and tomorrow. Small batch, not big batch.