#workforcereduction

They started laying off people in my dept today. I do not know how many

Rumors here in the tower is that the layoffs have begun. Seen couple folks packing up and being escorted out by security.

They’re openly patting themselves on the back about plans to reduce workforce by 65%

https://layoffhedge.com/h1b#st=MI&county=HOUGHTON&cs=MI&tab=leaderboard

G5 Entertainment announced plans to lay off 180 employees. This reduction accounts for almost a quarter of the company's workforce. The company expects to save approximately $6.2 million annually through this cost reduction program. CEO Vlad Suglobov called the decision difficult but necessary. Further layoffs might occur if revenue declines and player acquisition costs rise.

https://wnhub.io/news/hr/item-50765

BNY’s green‑sock LinkedIn stunt wasn’t tone‑deaf — it was a victory lap. A soft‑focus “look at my humanity” performance from our illustrious CEO while employees report stealth layoffs, collapsing teams, and RTO engineered as a slow‑motion purge. It’s financial‑literacy cosplay from executives whose biggest budgeting challenge is deciding which trust to park their bonus in.

And the benefits list? Employees on this forum have already torn it apart with receipts.

Matching newborn savings
A $1,000 match is meaningless when people are afraid to have children because reorgs hit harder than parental leave. Posters repeatedly note that job security is so fragile that planning a family feels reckless.

Down‑payment assistance
Employees point out that RTO forces them into higher‑cost commutes while raises trail inflation for the fifth straight year. Many can’t qualify for mortgages because BNY’s pay bands — widely discussed on the forum — are below market and frozen in amber.

$0 healthcare for those under $75K
This isn’t generosity; it’s a confession. Thousands of full‑time employees at a global bank earn under $75K. Forum posts consistently highlight that this tier is where burnout is highest, turnover is intentional, and workloads balloon after “efficiency” cuts.

401(k) student loan match
A rounding error. Employees repeatedly describe doing the work of two or three people after headcount reductions. A token match doesn’t compensate for systemic understaffing.

So yes — associates are right to question the CEO’s sock‑based empathy tour. When leadership posts costume‑level symbolism while employees describe exhaustion, fear, and constant headcount erosion, the message is clear and unmistakable:

The socks are green.
The spin is polished.
The workforce is disposable.
#LifeatBNY

PayPal plans to cut 20% of its staff. This reduction will take place over the next two to three years. The company aims to accelerate its adoption of artificial intelligence. These job eliminations are also part of a cost-cutting initiative. CEO Enrique Lores stated PayPal underinvested in its technology platform.

https://www.wsj.com/business/earnings/paypal-to-cut-costs-after-profit-falls-dc42baf9

WK NY had layoffs this week and has already cut upwards of 5% of its staff.

There’s more to come —potentially a full-scale overhaul of Henry Schein and its subsidiaries. The process raises serious concerns, and it warrants government scrutiny. The continued shift of jobs overseas to India, is destroying the US workforce.

The Pasadena Unified School District Board will finalize workforce reductions. This action affects 61 certificated and 246 classified employees. The district faces a structural budget deficit exceeding $30 million. These layoffs are required by state law before a May 15 deadline. Affected employees will receive reemployment rights under the Education Code.

Pasadena, California

https://pasadenanow.com/main/pusd-board-to-take-up-final-layoff-resolutions-thursday

Biontech plans significant production cuts. This German company will reduce its workforce. Approximately 1,800 staff members will depart. Decreased demand for COVID-19 vaccines drives this decision. Biontech developed its vaccine with Pfizer.

https://medwatch.com/article19266743.ece

It’s 9600 now. Should 9400 including folks got laid off earlier this year.

Arnold Palmer Regional Airport anticipates staff reductions. Executive Director Maurice Haas confirmed upcoming layoffs. The airport has 50 employees. Spirit Airlines recently canceled all flights and ceased operations there. Spirit was the airport's only commercial airline.

Latrobe, Pennsylvania

https://www.lightnercommunications.com/2026/05/05/layoffs-coming-at-arnold-palmer-regional-airport/

Coinbase is reducing its workforce by 14%. CEO Brian Armstrong shared the news on X. He cited a need for greater company efficiency. Armstrong also noted AI's impact on changing work processes. Engineers now use AI to complete tasks in days that previously took weeks.

https://www.businessinsider.com/coinbase-layoffs-ai-brian-armstrong-job-cuts-letter-2026-5

Anyone?

New Jersey employers filed multiple layoff notices in April. These filings put a total of 2,273 jobs at risk statewide. Bayonne University Hospital issued a notice for nearly 1,000 potential job cuts. FreshRealm's bankruptcy filing jeopardizes 637 positions. Other companies like Bristol-Myers Squibb, AT&T, and Alan Ritchey also announced layoffs.

New Jersey

https://www.nj.com/hudson/2026/05/nj-losing-2300-jobs-as-layoff-filings-surged-in-april.html

Church & Dwight Co. filed a Worker Adjustment and Retraining Notification with the Pennsylvania Department of Labor & Industry, informing the state it is laying off 195 employees at 5197 Commerce Drive in Jackson Township, York County.

https://www.pennlive.com/business/2026/05/company-sells-its-vitamin-business-resulting-in-layoffs-for-195-people-in-central-pa.html

Is there any info someone can share about what to expect next week and what location to be affected?

Cognizant intends to reduce its workforce in 2026. The IT services company may eliminate over 4,000 positions globally. This action is tied to its $320 million "Project Leap" restructuring plan. The company is allocating $270 million for employee-related costs. These costs include severance pay for affected workers.

https://stlawyers.ca/blog-news/cognizant-job-cuts-may-2026/

RBC Economics analyzed Canada's labor market conditions. They anticipate a modest gain of 25,000 jobs in April. This gain should reduce the unemployment rate to 6.6%. Shrinking labor force growth means less employment growth is needed. RBC expects gradual improvements in the job market this year.

https://www.mpamag.com/ca/mortgage-industry/industry-trends/rbc-sees-canadas-jobs-engine-steady-even-as-labour-pool-thins/573824

Cboe Global Markets is eliminating approximately 20% of its global workforce. This restructuring aims to concentrate resources on core exchange businesses. The reduction combines earlier initiatives with the latest organizational realignment. Affected employees received notices on Friday. Eligible U.S. and Canadian employees are also offered a voluntary retirement option. This move is expected to save Cboe $20 to $25 million in 2026.

https://qz.com/cboe-layoffs-workforce-reduction-core-businesses-050126

I heard 20-30% of Dell Digital org will be let go. Good luck everyone.
OP: @bt+1kqj8f1ke

The July action will be the biggest reduction in force to date.

I have a bad feeling 3-4000 minimum will be let go :(

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

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

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/

110 more gone on July 1. Good luck to everybody in Denver and those of you remaining at TIAA in other cities.

https://docs.google.com/spreadsheets/u/0/d/19jmo4Cwj933cmSBKV1t0zZ5O-2H5IpiLIhSH9MF8WF0/htmlview#gid=1928499704

https://drive.google.com/file/d/11x9ZfNw0eHylz-kc35L3xlABECj9JMYA/view

Monroe School Transportation Inc. is set to lay off more than half of its workforce. Approximately 180 employees will be affected by these job cuts. The layoffs are scheduled to begin on July 12. This action follows the Rochester City School District's decision to award its transportation contract to another provider. Monroe School Transportation plans to pursue other local transportation opportunities.

Rochester, New York

https://www.whec.com/top-news/monroe-school-transportation-set-to-cut-more-than-half-of-its-workforce-in-rochester/

HCA Healthcare confirmed recent U.S. workforce reductions. The company is Nashville's largest public company by revenue. It is also one of the city's biggest employers. HCA Healthcare cut a small portion of its employees.

Nashville, Tennessee

https://www.bizjournals.com/nashville/news/2026/04/30/hca-healthcare-confirms-layoffs.html

Unsure the total amount but dozens, if not over 100 HCA IT colleagues went through Layoffs today. Developers, Identity and Access resources and more being reported.

McDonald's laid off employees across Global Tech. Some individual layoffs were done in advance of the group layoffs to artificially keep the total numbers down.

Saks Global is reducing its corporate headquarters workforce. The company is cutting 16 percent of these positions. This action impacts approximately 640 workers. These layoffs reflect an optimized operational footprint. Saks Global filed for Chapter 11 bankruptcy earlier this year.

New York, New York

https://wwd.com/business-news/retail/saks-global-sets-more-layoffs-at-corporate-office-1238935066/

Layoff lottery coming soon.

They just laid off a whole team of US base virtual customer service representative yesterday, April 29, 2026

Hearing of layoffs across the company from SVPs, VPs, Directors to the Operations level

Mass furloughs are going to happen in Houston! Talk to your managers, train runner managers! The writing is on the walls. It’s going to be before the new machinist apprentices start. They’re hiring them as we speak! Both managers and tradesmen will be furloughed!