Yes definately more coming in October and then more in Q1. Face it, Vanguard has 6000 employees and Fidelity has 50000. Who is getting all the new money? I agree -rip off the band aid and get it over with quickly but hard to do with stocks at all time highs. Wait for first real market correction before the big purge.
Unfortunately, it seems that October layoffs are truly inevitable. I have seen this mentioned in several places. No official confirmation, but the writing is on the wall.