#layoffs

Forgive my ignorance, but this is my first layoff, so I’m not really sure what the procedure is. This is what I’ve gathered so far:

We will receive the WFH email on Friday. Then on Monday morning, those being laid off will receive an email. Within 15 minutes, their system will be locked. After that, they will receive 2 months of paid leave and after that severance, which is correlated to how long you’ve worked at Nike.

Just trying to prepare as needed since this market is awful.

Cardamom restaurant laid off its front-of-house staff. Workers received an email about the layoffs a week ago. The restaurant will now use QR codes. This change eliminates the need for certain staff positions. Former employees are now picketing in response.

https://www.kare11.com/video/news/local/former-cardamom-workers-picket-after-sudden-layoffs/89-fb59e034-34c6-47d7-a1b1-1b787438ebc3

Iron Galaxy Studios announced new layoffs. The company is reducing its size due to industry changes. Up to 90 employees could be affected by this decision. This follows a previous layoff of 66 employees last year. The studio aims to adapt to current market conditions.

https://gamingbolt.com/iron-galaxy-studios-announces-layoffs-potentially-affecting-90-employees

PNC Bank will lay off 777 employees. These employees previously worked for FirstBank. The layoffs affect staff in Colorado. This action follows a recent acquisition. The bank is consolidating its operations.

Colorado

https://www.bizjournals.com/denver/news/2026/04/20/pnc-firstbank-acquisition-layoffs.html

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.

San Francisco, California

https://www.msn.com/en-us/money/companies/e-commerce-giant-shuts-down-office-as-layoffs-rise/ar-AA21c6pL?ocid=finance-verthp-feeds&apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1

Green Bay Converting announced layoffs following a recent warehouse fire. Fewer than 35 of its over 200 employees are affected. This is due to the time needed for operations to return to normal. Equipment cleaning is over 50 percent complete. The company hopes to restart some production within 60 days.

Green Bay, Wisconsin

https://www.wbay.com/2026/04/20/green-bay-converting-expects-layoffs-after-fire-hopes-restart-production-by-mid-june/

Can we stop with the PAC emails? Unless they are advocating changing laws for fewer layoffs.

Anyone hear anything about cuts in AML?

So now we have a "Panel Manager" role who gets paid 120k per year to literally take a number from a performance report and put it into an email because directors and field managers arent competent enough to monitor their teams performance on their own. 750k per year spent on a team of secrataries to spoon feed directors data from the same reports they have access to. No wonder we have to layoff other roles.

• Layoffs: Ongoing fear of continued or phased layoffs; perception of quiet reductions and outsourcing
• Leadership: Low trust in executives; frequent criticism of decision-making and communication
• Culture: Reports of low morale, cynicism, and “toxic” or inconsistent management
• RTO policies: Major frustration with inconsistent return-to-office enforcement across teams
• Pay & reviews: Belief that raises and ratings are predetermined; weak merit increases and bonuses
• Career growth: Limited advancement opportunities; employees feel stuck or disengaged
• Attrition: High voluntary turnover, especially among experienced staff
• Technology concerns: Anxiety about AI replacing roles and increased employee monitoring
• Workplace stress: Frequent mentions of burnout and mental health strain

Overall: Negative sentiment centered on job security, leadership trust, and workplace consistency

BNY employees increasingly describe changes that align with the AI‑driven cost‑reduction strategies McKinsey promotes to large financial institutions.

The most visible shift we see is the steady automation of repetitive, rules‑based work that RV brags about in the media — onboarding, KYC refresh, reconciliations, service requests, and exception routing. Employees report that tasks once handled by full teams are now processed through AI‑enabled workflows, reducing the need for manual roles and shrinking job families.

Decision‑support AI is also reshaping middle‑skill positions. Workers note fewer analyst roles, broader spans of control, and more “AI‑assisted” oversight, which mirrors McKinsey’s recommendation to streamline mid‑tier functions by embedding intelligence into platforms rather than people.

The Platform Operating Model (P-O-M) accelerates this transition. Employees describe work being standardized, centralized, and moved offshore once AI reduces the skill threshold required. This matches McKinsey’s model: automate first, relocate second.

The impact on employees is becoming clearer. Career paths in legacy operations, service, and processing roles are narrowing as automation absorbs institutional knowledge and reduces the value of tenure. Job security is declining in functions where work can be digitized, offshored, or both. New roles are emerging in AI governance, data quality, and exception management — but not in volumes that offset reductions.

Employee reports consistently reflect the same conclusion: AI is not just a tool at BNY; it is a restructuring engine.

It sounds multiple offices will be closed. Will they cut ppl in these office in the next step?

Execs won.

Nothing else matters. Morale, retention, long term goals. The mandate was $200 at any cost and they did it.

Expect them to accelerate the pain because the market loves it.

HR is questioning my 10 day bereavement that I took last month. Is this normal or should I be worried that they are looking to include me in the next round?