AM I NEXT? NO LOVE AT F5 (08/23/25)

AUGUST 23, 2025 — 106 WASHINGTON STATE EMPLOYEES

The company has announced another 2% reduction in force, with 106 layoffs impacting offices in Seattle and Liberty Lake, Washington.

According to a company spokesperson, “Today, we announced changes in our product organization to better align resources with important customer needs and our highest business priorities. As part of these changes, selected roles were eliminated, while other employees were placed into new roles supporting strategic growth areas.”

OCTOBER 29, 2024 — APPROXIMATELY 110 EMPLOYEES AT RISK

Resuming annual layoffs after the Covid pause, the company is executing a 2% reduction in its workforce, primarily in the marketing-related content production team.

According to a company spokesperson, “These changes are part of a broader effort to align resources to our highest priority areas and ensure we are best positioned to meet the continually evolving needs of our customers and our business.”

MAY 2, 2023 — Original blog…

Seattle, Washington-based F5, a technology company specializing in application security, multi-cloud management, online fraud prevention, and networking applications, has announced a cost-cutting initiative featuring a 9% reduction in its workforce.

The reduction will impact 623 workers. Other measures include reducing executive bonuses, consolidating its real estate footprint, slowing hiring, reducing travel, and virtualizing some company events.

F5 CEO François Locoh-Donou noted, “Rising interest rates, geopolitical events, and macroeconomic uncertainty have dramatically affected our customers’ spending patterns” over the past six months. We do not believe this environment will persist, but we also do not know what the ‘new normal’ will look like when it comes. Because of this uncertainty, we must take measures to decrease our costs without jeopardizing our future growth trajectory.”

“These are extraordinary measures being taken under extraordinary circumstances.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT TEXAS CAPITAL BANK

Dallas, Texas-based Texas Capital Bank, a regional full-service financial firm, has announced that it will initiate a 10% reduction in its workforce.

Approximately 220 employees were targeted for layoffs.

According to a bank spokesperson, "Texas Capital continues to execute the transformation strategy set in place during September 2021 and has created disciplines to consistently deliver operating efficiencies through the investment in better technology, products, processes, and client experience. To that end, we eliminated or consolidated certain positions consistent with these plans during the week of April 14, 2023."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT TRUIST FINANCIAL CORPORATION

Charlotte, North Carolina-based Truist Financial Corporation, an American bank holding company formed in December 2019 by the merger of BB&T and SunTrust Bank, has announced the cessation of sales and trading of mortgage-backed securities and government bonds by January 2024.

The change in product line operations targeted approximately 80 layoffs in its Atlanta, Georgia, and Memphis, Tennessee, offices

According to a company spokesperson, “Truist Securities regularly assesses opportunities for our organization and makes adjustments to our business to invest in areas for growth. We made the decision to exit certain aspects of our fixed income sales, research, and trading business by January 2024, and will work closely with our clients to support them during this transition.”

“Truist continues to assess and adjust the size of our workforce on an ongoing basis. We’re hiring in some areas and rightsizing in others through natural attrition and planned staffing reductions.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?