#budgetcut

https://investors.xerox.com/news-releases/news-release-details/xerox-releases-fourth-quarter-and-full-year-results-2

FCF of $133 mil for FY 25, and operating margin is 3.5% down 140 BP YOY.

TL;DR: Gross sales are up, but they are running out of money.

TPS Implements Layoffs to Address Budget Deficit

Toledo Public Schools has begun laying off employees. This action addresses a projected budget deficit. Thirty-two staff members, including nurses and social workers, were initially affected. The district plans to eliminate over 200 positions in total over two years. These cuts were approved by the school board in December.

https://www.wtol.com/article/news/education/toledo-public-schools-layoffs-tps-local-news-education/512-c82034ec-f4ca-4307-b415-36683bbda338

Toledo, Ohio

Is Amazon laying off caretakers and giving discounted soap to Engineers for kitchen cleaning? Or is it the dawn of a Day 2 era? Probably the latter. Layoffs only prove management incompetence - essentially a Bandaid batch for much bigger problems like inflating free cashflow and uncontrolled AI datacenter overspend.

Oregon City Schools will hold a special meeting. The meeting is scheduled for Monday. Its purpose is to discuss district finances. Other regional school districts also face budget issues. State officials acknowledge education funding is a key topic.

https://www.13abc.com/2026/01/24/oregon-schools-set-special-meeting-district-finances/?outputType=amp

Hearing reports that the stores-within-the-offices at Frisco, OP, and Bellevue suddenly closed last week without notice. Can anyone confirm? Are we that strapped for cash?

East Side Union High School District's board will vote on significant staff layoffs. The district faces a $9 million budget deficit for the 2026-27 school year. Proposed cuts total around 85 full-time positions. These include counselors, social workers, and campus safety advisors. Educators warn these reductions will harm vulnerable students and wellness centers.

https://www.mercurynews.com/2026/01/22/east-san-jose-school-district-to-vote-on-layoffs-for-student-safety-mental-health-staff/

RPS Superintendent Recommends Layoffs and Program Reductions

RPS Superintendent Jason Kamras proposed significant budget cuts for the upcoming fiscal year. These recommendations include laying off 50 central office staff members. Summer school for K-8 students will also be eliminated. The district anticipates only modest revenue increases from the city and state. Rising operational costs, such as salaries and health insurance, contribute to the difficult budget.

https://www.wtvr.com/news/local-news/rps-budget-cuts-kamras-recommendations-jan-22-2026

Richmond, Va.

Springfield Public Schools Approves Mid-Year Teacher Layoffs

https://www.registerguard.com/story/news/education/2026/01/23/what-we-know-springfield-teacher-layoffs/88306809007/

Springfield Public Schools approved mid-year teacher layoffs. The school board voted 3-2 on January 12. This decision addresses a $2.34 million budget shortfall. Three board members voted for the reduction in force. Two board members voted against the measure.

From my perspective in accounting, this keeps happening. They release senior staff to balance the budget, but the underlying strategic errors remain. In my twenty years, I have never witnessed this leading to genuine recovery. It only demoralizes the teams left behind to pick up the pieces with less support.

If Cigna is in such financial straits, why are they leasing more office space and spending millions upon millions of dollars renovating offices that nobody wants to be in? Make it make sense, please!

Due to not pating our vendors many shipments are not coming in. I wonder how long this will last.

My manager just kinda informed us in a soft way that the budget is tight and layoffs are probably pending. She says that I am a corporate employee but I am working under a states plan. When layoffs happen, do corporate employees get cut too or that particular plan.

Mesquite Independent School District (ISD) has announced significant financial adjustments. These plans involve substantial budget cuts totaling $24 million. A key component of these measures includes staff layoffs. These difficult decisions are being made in preparation for the 2026–27 school year. The district is implementing these changes to address its financial outlook.

https://www.cbsnews.com/texas/news/mesquite-isd-announces-24-million-budget-cuts-including-staff-layoffs-for-2026-27-school-year/

The reduction accounts for 7.6% of full-time and part-time staff, according to a message from President Rob Manuel. The university is aiming to reduce $27.4 million in spending following a dramatic drop in international enrollment.

https://www.chicagotribune.com/2025/12/15/depaul-university-layoffs/

The only excuse is that they are saving money for bonuses, otherwise, what a joke.

Dec 11, 2025

ExxonMobil plans to cut its low-carbon spending by a third, the latest sign of a pullback on decarbonization across most big oil companies. In its latest corporate outlook, Exxon raised its 2030 targets for earnings and cash flow each by $5 billion. That should be possible without new capital spending, the company said. But it will require low-carbon spending to fall to $20 billion from $30 billion, following what CEO Darren Woods described as lower-than-expected customer demand and less supportive government policies.

Hydrogen is among the divisions on hold, a trend across the industry, which has put more than 60 hydrogen projects on ice this year. Overall, oil majors’ green ambitions have mostly failed to pan out: Shell and BP, which pushed ambitiously into lower-carbon business lines only to pull them back, have seen their share prices fall to a deep discount relative to their US competitors.

— Tim McDonnell

https://www.semafor.com/article/12/11/2025/exxon-plans-to-cut-low-carbon-spending-by-a-third

How we keep hiring in flashy new areas while cutting basic tools we rely on every day? It makes no sense and the teams that keeps this place running feel constantly undermined. A lot of people are openly frustrated because the decisions seem driven by appearances, not reality.

Departments across the University may soon need to downsize or lay off employees to meet reduced budget targets as Yale cuts costs in preparation for the endowment tax hike set to take effect in July, administrators announced in a Wednesday message addressed to faculty and staff.

https://yaledailynews.com/blog/2025/12/04/layoffs-may-come-as-yale-seeks-to-shrink-staff-amid-budget-cuts/

Corporate office here. Our team cancelled our Holiday Party due to budgetary concerns after our recent acquisitions. Has anyone else experienced this issue?

Just heard all of the rf tools
atol
fze
Cq

Overall , reduction in budget for tools.

As markets combine there won't be assistance on managing the larger area from HQ.

Good luck...

The office is cutting staff after a roughly 38 to 40 percent budget reduction. Leaders say the cuts will worsen caseload strain and could undermine legal representation for low income defendants.

Anyone know what that means or what it’s code for?

WayDay was lower than expectations so they have to make the balance sheet up somewhere. Rob Peter to pay Paul.

As the city faces a shortfall, Mayor Lisa Brown unveils a proposed budget that includes at least 20 cut positions and a new tax aimed at stabilizing city finances.

https://www.krem.com/article/news/local/spokane-mayor-proposes-budget-cuts-new-tax/293-deac3673-adf3-4822-84cb-eafcbf4cbe1a

So here’s the story, folks. This company, a very smart company, didn’t care about security for years. Total disaster. Then bo-m! They get hacked. Suddenly, they “find” all this money for cybersecurity, like it was hiding under the CEO’s golf clubs. Now they’re bragging about their “massive investment” in security and even rolled out a shiny new “promise to customers”. Very touching, very emotional stuff. But behind the scenes? They cut the budget for training the people who actually use and develop the systems. Brilliant strategy! They say it’s about protecting customers, but everybody knows it’s just about protecting their image. “We take security very seriously,” they say. Sure they do. About as seriously as they took it the day before the breach. Sad!

Company: Tryon Palace
Source: WITN

State confirms layoffs at Tryon Palace
Summary: North Carolina’s Department of Natural and Cultural Resources confirmed that around 20 part-time historic interpreters at Tryon Palace were laid off in October due to budget constraints. Leadership said holiday programming would continue despite staffing changes.
City: New Bern
State: North Carolina
https://www.witn.com/2025/11/08/state-confirms-layoffs-tryon-palace/

Due to budget cuts within the program I supported, my position—along with around 20 others—was recently eliminated. Over the past several months, the environment had become increasingly stressful as I noticed our team size steadily shrinking, so while this change was difficult, it wasn’t entirely unexpected.

On 10/23/25 approximately 5% of Marymount’s staff were laid off. Reduced federal grants, reduced international students, and reduced graduate enrollment were cited. Anecdotal evidence suggests the actual percentage of cut staff was higher. Staff across all support areas, including finance, the library, research, HR and student support were all eliminated to help close the budget.

The cuts were probably done to fund the sales they are having this year for Early Black Friday deals to draw traffic back into stores

As we continue to feel strains and increased costs as a company perhaps looking at top exec costs would help cut off some of that. Are there business travels at that level that are really needed or lunches for those in those positions that really need to be paid for? How are leaders paid more and advancing levels when others are not? How many additional senior leaders do we really need? Our members need to be able to reach live, direct workers. Happy employees lead to happy members and business which organically leads to overall better business. Telling associates benefits are more, AIP is less, and growth will not really happen is tough for lower ranking associates. I wonder when that piece of the puzzle will be realized by the business. Further consider these associates are also members trying to make it in the world today.

So long as we keep sending managers on trips to oversee the offshore teams things ain’t gonnna change.
Why the heck are we paying people to give pep talks in India? This only means a plane load of people are taking their spouses on paid vacations.

How sad people are getting laid off while others get free vacations.

2%?? TD Mike and AMEX SB Dunk Sathish must really be struggling. Imagine going back and telling HR "we need to cut 2%" instead of learning how to balance a budget. I told yall this months ago it was coming. Told you last month too. And someone wanted to comment on my last post to say "I was making this up"

I hope that person read the news today. Bet they won't comment on my post now...

More layoffs are coming too!!!

Just a generic rant thread for Project Octane - feel free to unload here.

There isn’t much hope remaining Thierry’s launched it and we need to get ready to be nickled and dimed and denied anything we ask for.

hope everyone enjoyed that party. there won't be money for those types of things in the future #fiservproud

Gotta wonder why only union workers?

https://www.kctv5.com/2025/10/24/furloughs-loom-1600-honeywell-employees-kansas-city-amid-government-shutdown/

The OC has been raiding various budgets related to nukes, including for his golden jet from Quatar. Could there be more?

The job cuts affect 70 employees. The decision, announced by Interim President Jaimie Hebert, aims to address a $25 million budget gap.

Hebert sent an email to faculty and staff about the layoffs, stating that the cuts will affect all divisions of the university.

https://www.kadn.com/news/local/ul-announces-70-layoffs-to-address-budget-crisis/article_1f601c0f-4944-42ad-bbe7-d5336290db96.html

Michigan State University President Kevin Guskiewicz said Wednesday morning that nearly a hundred support staff, faculty and academic staff and executive management were laid off as a result of university-wide budget cuts.

https://www.detroitnews.com/story/news/local/michigan/2025/10/22/michigan-state-msu-number-jobs-eliminated-university-cuts-president-guskiewicz/86833813007/

Nearly a dozen positions that directly support students were among those eliminated in a sweeping round of layoffs at Harvard’s School of Engineering and Applied Sciences earlier this month, according to a document obtained by The Crimson.

Roughly 35 staff members — or about 15 percent of SEAS’ total staff — were affected by the cost-cutting measure designed to mitigate the impacts of federal actions, the document showed.

https://www.thecrimson.com/article/2025/10/21/seas-layoffs-student-advisors/

Since our raises were put on hold, it would seem logical that hiring would be put on pause too?

6% headcount reduction ask by end of q1 2026 acrossthe board. YE process used to identify along with freeze on any new backfill requests from November 1st and retirements.. Usual stuff combination of all