#layoffs

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?

BNY Mellon’s transformation now resembles a tightly coordinated execution of the McKinsey cost reduction playbook, and employees on TheLayoff.com have been documenting the pattern in real time.

What appear to be uncoordinated, isolated decisions — RTO pressure, minimal merit increases, shrinking teams, selective backfilling, and quiet office closures — align directly with the consulting frameworks used to drive sustained operating expense reduction. This is all by design.

The Platform Operating Model (P-O-M) is the structural engine behind this shift. By standardizing processes, consolidating technology, and centralizing work into platform hubs, P-O-M enables organizational delayering, automation, and location strategy at scale. Employees describe this as work being “platformed,” automated, or reassigned to lower cost regions, particularly Pune.

International labor laws also shape the strategy. In the U.S. and U.K., strict notification rules, severance expectations, and WARN Act thresholds make large layoffs expensive and highly visible. In contrast, offshore hubs operate under more flexible labor regimes, allowing faster scaling, easier restructuring, and lower long term cost commitments. This is why employees increasingly observe that even offshore roles are not permanent; as the cost model scales globally, work continues migrating to the lowest cost compliant jurisdiction available.

RTO, low raises, and real estate consolidation are deliberate levers within this model: RTO increases voluntary attrition, minimal wage growth suppresses labor cost inflation, office closures reduce fixed costs and concentrate work in platform hubs.

The TheLayoff.com threads reflect this architecture in motion — “stealth layoffs,” “jobs shifting offshore,” “constant reorganizations,” and “RTO used as a filter” — all consistent with a long horizon, platform driven cost transformation strategy.

Was told today by Market Manager (my old store manager ) Flooring Specialist going away .

Now that the Tariff refund portal is open for the as-deemed unconstitutional, "Liberation Day / Reciprocal Tariffs" from a year ago, Canon USA will be fully eligible for likely hundreds of millions in refunds for all the imports from Japan. We know those refunds won't go to the end users (because only Costco is apparently doing that). But the question is, will the employees see any of that? Or will it all just go into Canon coffers as backdated profits to make the shareholders happy?

Sadly, I think we know the answer...

Chairman meeting told union reps they're coming soon. Confirmed by General Foreman. Not sure what shops and crafts will be effected.

Over 73,200 jobs were cut across 95 IT companies in Q1 2026. The Walt Disney Company, Meta Platforms, Oracle, and Snap Inc. announced major layoffs. Disney is preparing to eliminate approximately 1,000 positions. Meta reduced 700 roles and plans further cuts in California. Oracle Corporation intends to cut 20,000 to 30,000 jobs globally.

https://www.thestatesman.com/business/over-73200-it-layoffs-recorded-in-first-3-months-of-2026-1503583644.html/amp

Morrisons plans to cut approximately 200 roles at its Bradford head office. These reductions will affect positions across marketing, commercial, and technical teams. The layoffs are part of a multi-year transformation strategy. This initiative focuses on accelerating AI adoption and automation within the business. Morrisons aims to strengthen central functions and improve efficiency in challenging market conditions.

Bradford, UK

https://www.thestreet.com/employment/127-year-old-retailer-confirms-more-cuts-in-2026-morrisons

A new study from the Federal Reserve Bank of New York indicates AI will reshape jobs rather than eliminate them immediately. The report suggests AI will augment more roles than it replaces in the near term. White-collar occupations, including finance and technology, are most exposed to AI tools. This technology is expected to boost productivity without a proportional increase in hiring. However, long-term effects on employment and wages remain uncertain.

New York, NY

https://www.thestreet.com/employment/ai-wont-trigger-mass-layoffs-yet-fed-study-says

Trumer Brewery initiated layoffs for its Berkeley operation. The company is preparing to close its facility there. Thirty-three workers will be permanently affected by May 29. The Gambrinus Company owns the Berkeley property. Firestone Walker Brewing Co. acquired Trumer's U.S. operations in March.

Berkeley, California

https://www.msn.com/en-us/foodanddrink/foodnews/trumer-brewery-starts-layoffs-as-berkeley-closure-nears/ar-AA214AFZ

Has anybody determined what is happening to our 401K match that we are entitled to up to our "transfer" date of 04/12/2026? This was not a voluntary resignation so I would assume we are still due our match. So do I have to leave my 401K with Fidelity until 1st qtr 2027?

Iron Galaxy Studios has cut an unknown number of roles. The company cited current market conditions for the decision. This follows 66 positions cut by the studio last February. The developer stated it cannot sustain its current team size. It is adapting to what it calls a "new normal" in the industry.

Chicago, Illinois

https://www.gamesindustry.biz/iron-galaxy-studios-announces-further-layoffs-unknown-number-of-staff-affected

What is the goal ? 8K? 5k? Endless ?

Technology companies globally laid off over 80,000 employees recently. These job cuts also impacted workers in Tennessee. Nashville-based Oracle Corp. engineers were among 25,000 company layoffs. This restructuring aims to invest in artificial intelligence infrastructure. Amazon also laid off 16,000 workers, including some in Nashville.

Nashville, Tennessee

https://www.tennessean.com/story/money/tech/2026/04/20/tech-layoffs-tennessee-workforce-ai/89610365007/

JPM has a management contingency in BA this week and next for training staff that was just hired. JPM will use BA as its 2nd operational site behind India. Job cuts will be in the US starting as early as mid May early June

The City of San Diego faces a $120 million budget deficit. This shortfall is projected for fiscal year 2027. Mayor Todd Gloria's draft budget includes hundreds of employee layoffs. Cuts will affect library hours, recreation centers, and arts grants. Public safety and road repairs remain top priorities despite reductions.

San Diego, California

https://fox5sandiego.com/news/local-news/mayor-gloria-budget-san-diego/

Peloton announced its CEO Barry McCarthy resigned in May 2024. The company also announced further job reductions. About 400 global team members were impacted. This move aims to cut over $200 million in annual costs. Reports indicate private equity firms eye a potential buyout.

https://www.theverge.com/24025034/peloton-bike-treadmill-connected-fitness-news

John Deere is recalling employees across three U.S. facilities. Nearly 50 workers will return in April, adding to over 300 recalled in 2026. This follows increased demand in construction, forestry, and drivetrain production. The company previously laid off over 2,000 jobs in 2024 and continued cuts into 2025. Tariffs and legal challenges, including a right-to-repair settlement, still impact the outlook.

https://megaproject.com/news/machinery/john-deere-rehires-workers-but-tariffs-lawsuits-and-past-layoffs-still-loom

At least for a while. Or am I being too naive?

Industrial Plastics Group LLC laid off 74 employees. The company is located in Pickens County, South Carolina. Its address matches a TaylorMade golf ball factory. The layoffs took effect on April 10. Officials and the company offered no comment.

Liberty, South Carolina

https://www.postandcourier.com/greenville/news/pickens-county-company-lays-off-workers/article_f9d8d6ff-4d1a-4cab-b0f0-46c07fb41627.html

The IRS plans to lay off 6,700 employees. This action could strain tax collection resources. It may also impact government revenue and the budget balance. New tax policies for 2025 include a higher estate tax exemption. These changes lead wealthy investors to focus on tax planning.

https://intellectia.ai/news/stock/irs-layoffs-of-6700-employees-strain-tax-collection-resources

Starting the 26 lay-off thread
Rumours they're coming in the next few months.. more operational efficiency/do more with less (more with AI)

Do we have any idea what's coming and when?

I understand it's not easy to find a job, but if you invested half the energy into a job search that you do into hating this place, you'd be fully employed somewhere else by now. And you'd be a much, much happier individual. Do yourselves a favor, folks, and move on.

I've been watching and I'm convinced. Nothing good is going to happen here anymore. It's all downhill from here. If you have any way to leave, do it now. It's coming. Whatever it is, it's coming.

I retired last year and I cannot tell you how good it feels. No meetings, no politics, no layoffs, no pretending to care about things that don't matter. I don't miss the circus at all. Not one part of it.

Southeastern Pennsylvania saw a significant increase in job eliminations. Companies removed 2,800 positions during the initial three months. The number of businesses making cuts was lower. However, these fewer entities caused greater overall job losses. This indicates a concentrated impact on the workforce.

Philadelphia, Pennsylvania

https://www.bizjournals.com/philadelphia/news/2026/04/19/philadelphia-job-losses-first-quarter.html

No rumors or guessing, just facts, please.

Compared to other companies, our layoffs are both smaller and not as frequent.

They decided everything about the old way was bad. So they changed it all. Constant layoffs now. A reorganization that failed completely. Revenue keeps dropping. All they focus on is cutting costs. Ethics failures keep happening. Promotions go to the wrong people. The environment is toxic. Fear and distrust are everywhere. Leadership never tells us anything useful. If you hated what Ford used to be, you'll love what it's become. The rest of us are just watching it fall apart.

Applications for U.S. unemployment benefits decreased last week. Initial claims fell by 11,000 to 207,000. This marks the biggest one-week drop since February. The data suggests the labor market is stabilizing with limited layoffs. Continuing claims, however, rose to 1.82 million.

https://www.westhawaiitoday.com/2026/04/17/nation-world-news/us-jobless-claims-fall-to-207000-signaling-low-layoffs/

https://ca.finance.yahoo.com/news/oracle-layoff-reports-put-ai-140359566.html

Do you have new jobs by now? I know one person who's still unemployed, and that's scaring the he-l out of me. I'm hoping others are doing better and can alleviate some of our fears about the available jobs.

Companies are laying off workers after adopting artificial intelligence. This trend is known as "AI boomerangs." These same companies later rehire staff. Leaders reassess AI capabilities and limitations. Robert Half expert Travis Laird discussed this phenomenon.

https://www.azfamily.com/video/2026/04/16/ai-boomerang-hiring-trend-why-companies-rehire-after-ai-layoffs-generation-ai/

Phoenix, AZ

How do you settle down in this environment? How do you buy a house, have kids, make any kind of long term plan when your job could disappear next month? Endless layoffs mean endless uncertainty. And endless uncertainty means you can't build a life. Working at Dell offered a certain security for many of us that the new generations don't have.