LayoffHedge @LayoffAI

XBOX LAYOFFS COMING - Bloomberg New CEO Asha Sharma calls it a "reset." That means major layoffs, expected right after Microsoft's June 30 fiscal year-end. Microsoft already had a voluntary retirement program back in April, offering buyouts to roughly 8,750 US employees.

LAYOFF ALERT: VERITONE 🚨 An AI company that serves the US Air Force and the NFL. Its stock is down 98% from its 2017 peak, even while the AI trade leads the market. Its 10-K flagged going concern, $45.6M due in November. $VERI

MORE META LAYOFFS Blind calls it just a rumor, but it is actually based in a lot of fact. In March, Reuters reported Meta leadership was planning cuts of 20% or more, roughly 16,000 jobs. Meta called it "speculative reporting about theoretical approaches." In May, 8,000 jobs were cut. Half the Reuters number. Zuckerberg then promised no more company-wide layoffs in 2026. Note the wording. Targeted cuts were never ruled out, and Meta's CFO has said the company is still evaluating staffing needs. 8,000 in May + 8,000 in November = 16,000. Exactly the 20% Reuters said Meta was planning.

Blind @JoinBlind

22 hours ago

Rumor: Meta to layoff another 8k in November

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You really have to hand it to him after we have seen SO MANY blown layoff announcements by CEO's in tech. Cut jobs in India. Move some roles to the US. Backfill the rest with "small AI-native teams." Reassure everyone the company is stronger at lower headcount. Kudos to him.

OPENDOOR CEO: MOVING JOBS FROM INDIA BACK TO USA ~250 people in India are being laid off. The US teams replacing them are, in his words, "small" and "AI-native." He admits Opendoor will be "much smaller by headcount." Amazing PR framing by him amid headcount reductions.

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Kaz Nejatian @nejatian

11 hours ago

I shared this note earlier today with the entire team at Opendoor. Today we began to say goodbye to our colleagues in India as we wind down our India operations. Our customers are in America, and that's where our operational work belongs.

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Governor Reynolds issued a statement. We don't buy it because the facts don't support her. More here: x.com/LayoffAI/statu…

LayoffHedge @LayoffAI

9 hours ago

GOVERNOR REYNOLDS CLAIMS HER ADMINISTARTION IS FULLY COMMITED TO IOWANS DURING COGNIZANT TRANSITION AMID LAYOFFS As she says "The state’s daily IT operations will continue to be supported by Iowans, for Iowans, as they are now." So let's look at THE FACTS of who she is trusting

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BREAKING: IOWA IS LAYING OFF 200 STATE IT WORKERS AND OUTSOURCING THEIR JOBS TO COGNIZANT, THE #3 H-1B EMPLOYER IN AMERICA. We have covered Cognizant extensively as being a H-1B body shop, importing largely Indian nationals to contract with large American corporations. Cognizant has been certified for 152,483 H-1B workers since 2015. In 2024, a federal jury found the company discriminated against its non-Indian employees. In 2019, two of its top executives were charged with foreign bribery. The state's data centers are moving to the cloud within Amazon, the #2 H-1B employer. The laid-off Iowans are being told they can apply for jobs at Cognizant. Gov. Reynolds claims this saves taxpayers $525M over a decade. The actual contract price was not disclosed. Cognizant is technically headquartered in New Jersey, but their leadership team is nearly 100% Indian, with the top 9 listed on their website shown here.

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Over in our subreddit (/LayoffHedge), a user states they will be meeting with Cognizant tomorrow to find out their new contract terms...

GOVERNOR REYNOLDS CLAIMS HER ADMINISTARTION IS FULLY COMMITED TO IOWANS DURING COGNIZANT TRANSITION AMID LAYOFFS As she says "The state’s daily IT operations will continue to be supported by Iowans, for Iowans, as they are now." So let's look at THE FACTS of who she is trusting to be IOWA FIRST. Cognizant: - #3 H-1B employer in the country over the last decade, with over 152,000 LCAs filed - Federal juries and courts found Cognizant liable for a pattern of intentional discrimination and retaliation against non-Indian employees. More findings from the case below >>The "Bench" Disparity: Cognizant required employees between projects to wait on an internal “bench” and terminated them if not reassigned within five weeks. Non-Indian workers were 8.4 times more likely to be fired from the bench than their Indian or South Asian counterparts >>Statistical Improbability: Expert statistical analysis presented in the trials revealed disparities exceeding 75 to 96 standard deviations. This indicated that the chance of these termination patterns happening randomly was less than one in a billion >>Disparate Impact & Treatment: U.S. District Judge Dolly M. Gee found that Cognizant's internal policies resulted in a severe disparate impact on non-visa, non-South Asian employees, and determined these policies were not justified by any business necessity >>Workplace Culture: Employees testified to hostile workplace conditions, including routine exclusion from meetings and company lunches, and meetings frequently being conducted in Hindi Yeah, those laid off Iowans should feel super great about this change!

Gov. Kim Reynolds @IAGovernor

11 hours ago

The state of Iowa and @Cognizant have been fully committed from the onset to employing an Iowa-based workforce throughout the duration of our engagement. At no point during our negotiations was it even considered to employ H-1B visa holders. The state’s daily IT operations

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Did you know we also have a Subreddit (/LayoffHedge) It gets a little wild sometimes, but we take our breaking story lines and debate them against heavily left leaning users (usually). Give us a sub! reddit.com/r/LayoffHedge/

@IAGovernor @Cognizant "Supported by Iowans, for Iowans, as they are now." Right now it is supported by 192 Iowans your administration is laying off. Their replacement employer has been certified for 1,098 H-1B workers at Iowa worksites since 2015 and keeps 241,500 of its 336,800 employees in India.

@2itshorizon So... it is much higher than $310,000? I am sure there are some qualified American's that would have loved the opportunity to have stock options in @OpenAI, eh?

OpenAI PAYS HIGHEST WAGES AMONG LARGE H-1B EMPLOYERS SINCE 2020 Filtered for >250 filings. 7 are medical. 1 is a hedge fund (Citadel) 1 is gaming (Roblox) Interesting they are the only AI lab to make the list.

TRUMP THIS MORNING: HAVE ASKED PULTE TO EXECUTE IMMEDIATE AND NEEDED DOWNSIZING OF OFFICE, REVERTING STAFF TO THEIR HOME AGENCIES So, there is the confirmation. I think it’s pretty clear why Pulte was put in as acting Director of National Intelligence.

LayoffHedge @LayoffAI

5 days ago

MASS LAYOFFS AT SPY AGENCIES? Two real pieces here. On June 3, an order moved about 8,000 senior federal workers to at-will status with no appeal rights, and OPM says it could reach 50,000. WSJ today points toward Trump urging @pulte to cut the bloat. Interesting timing.

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GOVERNOR KIM REYNOLDS IS ACTUALLY CELEBRATING LAYING OFF IOWANS AND SHIPPING THEIR WORK TO COGNIZANT She’s acting as if this is a “world-class partnership.” I get moving legacy systems to Amazon Web Services. But how is handing Iowa IT jobs to Cognizant in the best interest of Iowans? Speaking on the 200 workers that just got laid off, she says: “Approximately 200 state employees who work in the Division of Information Technology … will receive individualized, competitive job offers from Cognizant Government Solutions later this month.” Pension gone. State benefits gone. Now relying on a company that just got hit with a federal jury verdict for discriminating against non-Indian employees to be fair to her state workers that just got laid off? This is insane.

LayoffHedge @LayoffAI

a day ago

BREAKING: IOWA IS LAYING OFF 200 STATE IT WORKERS AND OUTSOURCING THEIR JOBS TO COGNIZANT, THE #3 H-1B EMPLOYER IN AMERICA. We have covered Cognizant extensively as being a H-1B body shop, importing largely Indian nationals to contract with large American corporations.

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Search for Cognizant, or any other employer, filing for H-1B employees in YOUR county on our interactive explorer at layoffhedge.com/explore

$DELL NEW SEC FILING SHOWS MORE LAYOFFS ARE COMING In March we reported Dell quietly cut 11,000 jobs. The new 10-Q covers the 13 weeks after that. It sped up. $227M spent on severance in 13 weeks, up 75% from a year ago. $242M is already set aside for severance not yet paid.

LayoffHedge @LayoffAI

3 months ago

LAYOFF ALERT: DELL Dell just confirmed 11,000 jobs cut in their annual filing. They spent $569M on severance and called it “disciplined cost management.” The list keeps growing.

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Learn more about Cognizant and the other middlemen companies stealing jobs from Americans in our article here: x.com/LayoffAI/statu…

LayoffHedge @LayoffAI

2 months ago

x.com/i/article/2043…

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Read the full story in the Des Moines register here: desmoinesregister.com/story/news/pol…

@KnipLs They are not required to disclose this information. They have filed LCAs for 213 H-1B employees over the past decade.

THE COMPANY FAMOUS FOR NEVER LAYING ANYONE OFF JUST LAID OFF 230. Expeditors International held its no-layoff line through the 2008 crash, COVID, and the 2022 tech purge. Decades of it. A point of pride. Not anymore. Software, QA, analysts. Gone. Stock up 2% today. $EXPD