#budgetcuts

Wells Fargo’s head count has fallen as the company tries to curtail expenses.

The company reported having 201,000 employees at the end of the first quarter, down from 215,000 for the same period last year, a 7% decline.

The bank reported that noninterest expense came in at $14.3 billion for the quarter, up $439 million, or 3%, from the same period last year.

Wells Fargo said personnel expenses rose $119 million due to higher compensation expenses in its wealth management unit where it has thousands of highly-paid financial advisors.

My hub doesn’t have coffee pods or tea bags, nothing. Bring your own coffee, tea bags,and bottled water.
‘So cheap

Is this just my hub or bank policy to not even offer free coffee pods and tea bag…not even water other than from the sink

Mate, the skunk work just blew up in our face but exposed why we will have prod dev and prod dev test layoffs going into next FY. G2 Happy shoes tapped to reduce 15% across his org

Here’s our estimates on Walmart layoff activity for the next several months based on data we’ve collected. Some dates are specific and some are general. That’s due to business intelligence that either stands out, or, doesn’t stand out.

Here’s some facts that drive our estimates this time:

• April through August are traditionally high layoff times for Walmart
• Imbedded quiet days in April/May to allow for Q1 End, Q1 Reporting and Memorial Day.
• Project and budget reviews reveal considerable expense and capital saving opportunities do exist
• New capital projects to support AI are under consideration, including some eye popping infrastructure projects. All these projects will need to be funded
• There’s a considerable amount of tech outsourcing available (at favorable rates) to assume and run current systems
• Renewed focus on removing shadow IT projects and resources across the enterprise

Here’s our take on dates:

• [ ] 4/13 thru 4/28 increases to 70% likelihood of layoffs
• [ ] 5/6 thru 6/25 100% likelihood
• [ ] 6/30 thru 7/28 90% likelihood
• [ ] 8/4 thru 8/27 90% likelihood

Don’t agree? Tell us why.

West Orange Schools face a significant budget deficit. The district faces a $14-15 million deficit. At least 70 full-time positions will be eliminated. A 2.5% tax increase is included. Rising health benefit costs are a major factor.

West Orange, New Jersey

https://www.nj.com/news/2026/04/this-nj-district-wants-to-cut-70-teachers-and-staff-and-its-budget-still-wont-balance.html

City officials in Lewiston warn that further budget cuts could lead to personnel reductions. The proposed municipal budget increase has been reduced to 6.6%. Some city councilors advocate for even deeper cuts to the budget. City Administrator Bryan Kaenrath stated significant layoffs would result from further reductions. Councilors are debating options to avoid job losses while reducing expenses.

Lewiston, Maine

https://www.sunjournal.com/2026/04/10/lewiston-budget-cutting-it-close-to-layoffs/

A report reveals Los Angeles Unified School District contract commitments. Hundreds of millions went to private equity or venture capital-backed companies. This happened while LAUSD projected a deficit and issued layoff notices. Over 86% of new digital instruction contracts were with these private firms. The spending raises concerns about public education funds diverting to private investors.

Los Angeles, California

https://pestakeholder.org/news/as-layoffs-loom-86-of-lausd-digital-instruction-contracts-committed-to-private-equity-venture-capital-backed-companies/

The Carson City School District Board of Trustees will meet Tuesday evening. They will review the tentative budget for the 2026-2027 fiscal year. The board will also consider authorizing potential staff layoffs. Financial constraints are driving these potential reductions in force. Various positions, including teachers and social workers, could be affected.

Carson City, Nevada

https://www.carsonnow.org/04/09/2026/carson-city-school-district-to-discuss-potential-layoffs-across-multiple-staff-categories-tuesday

Cleveland Metropolitan School District faces scrutiny over spending decisions. The district is preparing to announce significant layoffs and school closures. CMSD recently signed a $21,000 contract for outside transportation management. It is also hiring a new Director of Career Readiness for up to $116,000. This spending occurs despite impending staff reductions and a recent tax increase.

Cleveland, Ohio

https://fox8.com/news/i-team/looking-into-cmsd-spending-in-midst-of-teacher-layoffs-i-team/

22% cut this time.

After getting HR approval to post a req for a backfill I have, was recently told NO hiring can happen until at least May if not FY27. So, I had to close the req and stop interviews. Also, awards budget was the smallest Ive seen in my many years managing. Something substantial is on the way folks, so hang on.

Federal budget cuts are significantly reducing funding for immigrant settlement services in Ontario. These reductions are forcing agencies to cut programs and lay off staff. The Immigrants Working Centre in Hamilton already laid off six staff and faces more cuts. YWCA Toronto is closing childminding services and laid off four permanent staff. Agencies warn these cuts destabilize a system built over decades and will hurt communities.

Ontario

https://canadianimmigrant.ca/news/ontario-settlement-agencies-federal-cuts-newcomer-services

Emily Roxworthy, dean of USC's School of Dramatic Arts, agreed to meet with student protesters. Students held a five-hour sit-in regarding University-wide budget cuts and layoffs. These cuts reportedly led to over 500 hours of unpaid overtime for students. Students demand hiring more full-time staff for production roles. The dean and vice dean expressed eagerness to discuss student concerns.

Los Angeles, California

https://dailytrojan.com/2026/04/08/sda-dean-agrees-to-meet-with-student-protesters-over-layoffs/

New Jersey school districts face significant financial challenges. Many districts propose layoffs, tax increases, and program cuts. Ocean Gate School District will close its only school. These issues stem from revised state funding and rising operational costs. Health care and special education expenses contribute to budget shortfalls.

, New Jersey

https://www.nj.com/education/2026/04/these-11-nj-school-districts-are-facing-layoffs-tax-hikes-and-closures-to-stay-afloat.html

The Hampden-Wilbraham Regional School District is notifying staff about potential future layoffs. These reductions are for the fiscal year 2027 budget. More positions may be at risk if towns do not approve the budget. The School Committee approved a $59.85 million operating budget. Wilbraham has supported the budget, but Hampden's decision is pending.

Wilbraham,

https://thereminder.com/local-news/hampden-county/wilbraham/hwrsd-to-notify-staff-of-potential-for-more-layoffs/

Milwaukee Public Schools announced job cuts affecting 201 employees. These layoffs are part of a plan to close a $46 million budget gap. The teachers union and parent groups are demanding the district reverse these cuts. They also call for pausing the budgeting process for increased community input. District officials maintain the budget timeline is legally required and does not include classroom teachers.

Milwaukee, Wisconsin

https://www.jsonline.com/story/news/education/2026/04/08/criticism-mounts-against-milwaukee-public-schools-plan-to-cut-staff/89500469007/

The Freeport Board of Education unanimously approved a sweeping layoff plan. This decision addresses a significant budget deficit. Fifty-four positions will be cut, including teachers and support staff. These reductions are projected to save about $5.8 million. The district faces an $11 million deficit for fiscal year 2027.

Freeport, Illinois

https://www.wrex.com/community/dozens-out-of-work-after-freeport-school-district-layoffs/article_027a01f0-fa6a-44c0-97b6-cd85ab966f4b.html

Keene State College eliminated about two dozen staff positions. This action responds to state budget cuts for the university system. Twenty-five staff positions were cut, including eight that were vacant. Faculty positions are also being reduced through voluntary retirement packages. The college aims to align resources with priorities while preserving student experience.

Keene, NH

https://www.keenesentinel.com/news/local/keene-state-college-layoffs-cuts-staff-faculty-keene-nh/article_aab7851a-43da-4925-b8f0-ef6e68cc3a0b.html

The Concord School District faces an $18 million budget deficit for fiscal year 2027. Salary and benefit increases, along with rising debt, contribute to this shortfall. State aid has significantly dropped due to increased property values and declining student enrollment. The district has approved $6.8 million in non-personnel reductions. Officials are now considering potential staff layoffs to balance the budget.

Concord, NH

https://patch.com/new-hampshire/concord-nh/concord-schools-eye-cuts-layoffs-salary-increases-hit-budget-soaring

The Liverpool School Board met to discuss a budget with 78 job reductions. The district faces a $13 million budget gap. Superintendent Richard Chapman presented the budget to board members. Board members expressed concerns about the impact on student education. The board postponed the budget adoption decision until April 20.

Liverpool, New York

https://www.informnny.com/news/state-news/i-just-dont-support-that-liverpool-school-board-members-go-back-and-forth-with-superintendent-over-layoffs-and-cuts/

San Francisco city officials began 127 job terminations. Overall, 500 city positions are slated for elimination. Layoffs target current employees; open positions will also be removed. Mayor Lurie described the cuts as both painful and necessary. The upcoming budget document will reveal more.

San Francisco, California

https://www.kron4.com/news/bay-area/sf-mayor-begins-sending-out-layoff-notices-amid-plans-to-cut-500-jobs/

Swift River School is considering layoffs for paraprofessional positions. Rising health insurance costs are creating a significant financial strain. Up to five paraprofessional jobs are on the chopping block for fiscal year 2027. New Salem voters will decide on an override next month to potentially reduce these cuts. The school's state aid increase is minimal, impacting rural districts disproportionately.

New Salem,

https://recorder.com/2026/04/06/swift-river-school-layoffs/

Several Santa Cruz County school districts approved significant layoffs this year. These cuts aim to maintain long-term financial stability. Declining enrollment and reduced state and federal funding caused these measures. Pajaro Valley Unified, Soquel Union Elementary, Live Oak, and Scotts Valley Unified districts implemented reductions. Santa Cruz City Schools also approved layoffs for support positions.

https://lookouexample.com/the-santa-cruz-county-school-districts-that-approved-layoffs-this-year/story

Nevada school districts are facing severe budget deficits despite a recent funding increase. Increased costs, flat state funding, and declining student enrollment contribute to the problem. Policy changes in the new funding formula also create financial challenges. Districts like Washoe and Douglas County are reducing positions and considering school closures. State officials are urged to increase education revenue to prevent further insolvencies.

https://thenevadaindependent.com/article/nevada-school-budget-heyday-was-short-lived-why-several-districts-are-now-in-dire-straits

Nebraska Wesleyan announced the elimination of 14 positions. These job cuts are part of necessary budget reductions. The university faces difficulties from declining enrollment and rising operational costs. Affected employees were offered severance packages and continued health insurance. A faculty advisory work group has been formed to review academic programs and positions.

Lincoln, Nebraska

https://www.1011now.com/2025/10/10/nebraska-wesleyan-announces-layoffs-due-budgetary-issues/

I see ServiceNow falling into the same trap as other legacy technology companies have. They’re all about the people and AI but now they’ve started with hiring freezes, Budget cuts, and more. Not totally shocking with the price of the stock, but they have to stop playing like they’re not like others

The University of Maine plans to reduce its budget by $5.6 million. This will result in layoffs for fewer than 10 staff members. UMaine President Joan Ferrini-Mundy announced these changes via email. The university faces an $18 million budget shortfall. Additional cost savings include leaving positions unfilled and using gift funds.

Bangor, Maine

https://www.bangordailynews.com/2026/03/11/bangor/bangor-education/umaine-staff-layoffs-millions-budget-cuts/

Southeast Kansas Mental Health Center will terminate 23 staff members. Salary reductions are also being implemented for remaining staff and officers. The organization announced its separation from Ashley Clinic and Yates Center Dental. These actions aim to stabilize SEKMHC and ensure continuity of services. The changes follow a retroactive rate adjustment for 2025 and ongoing financial turmoil.

Iola, Kansas

https://www.iolaregister.com/news/local-news/sekmhc-announces-layoffs-separation-from-ashley-clinic-and-yates-center-dental

The Salem-Keizer School District announced plans to eliminate 130 positions for the 2026-27 school year. This decision stems from declining student enrollment and a need to cut $23 million from the budget. Approximately 60 teacher jobs and 60 classified employee positions will be cut from schools. Most affected employees will be reassigned or replaced by retiring staff. Up to five classified employees could face layoffs. These reductions aim to avoid widespread disruptions seen in previous budget cuts.

Salem, Oregon

https://www.salemreporter.com/2026/04/02/as-enrollment-declines-salem-keizer-schools-will-cut-130-jobs-largely-without-layoffs/

U.S. employers announced 60,620 job cuts in March, a 25% increase from February. This figure is still down 78% compared to March last year. Artificial Intelligence (AI) was the leading reason for cuts in March, accounting for 15,341 positions. Technology, Transportation, and Healthcare sectors show the highest year-to-date job reductions. Overall first-quarter cuts are the lowest since 2022. Companies are shifting budgets towards AI investments, impacting traditional roles.

https://www.challengergray.com/blog/challenger-report-march-cuts-rise-25-from-february-ai-leads-reasons/

earlier this week I got an API key for Claude Code. my coworker in EMEA got one too. she also got an email from her band 5's chief of staff asking to verify if she still needs to use Microsoft Apps and to present a "convincing and strong business case" for keeping them. are we buying these off the shelf?!

so let me get this straight: we have money to burn for AI (Gemini, VEGAS and now Claude Code amongst more probably) - BUT WE DON'T HAVE MONEY FOR MICROSOFT APPS?!

The Cleveland Metropolitan School District is preparing for a year of significant transition. The district faces ongoing budget challenges and rising operating costs. These financial difficulties will result in layoffs for some district staff. Central office, teaching, and other school-based employees are expected to be impacted. CMSD projects a nearly $50 million deficit by 2029.

Cleveland, Ohio

https://signalcleveland.org/cmsd-leaders-offer-updates-on-the-plans-for-school-mergers/

Auburn Police Local 195 is actively opposing potential officer layoffs. The city faces a nearly $5 million budget deficit for 2026-27. City officials are considering various options, including job cuts, to address this shortfall. The police union launched a petition, gathering over 1,000 signatures from supporters. They argue that layoffs would jeopardize recent crime reduction efforts and public safety.

Auburn, NY

https://www.officer.com/command-hq/news/55367630/auburn-police-union-opposes-potential-layoffs-in-2026-budget

Poudre School District avoided layoffs for teachers on continuing contracts. The district placed all such teachers in new positions for the 2026-27 school year. This action eliminated a previously authorized reduction-in-force process. Many probationary teacher positions were still eliminated due to budget cuts. The district faces an anticipated budget deficit of at least $8 million.

Fort Collins, Colorado

https://www.coloradoan.com/story/news/education/2026/03/31/poudre-school-district-places-all-teachers-on-continuing-contracts-for-2026-27-avoiding-layoffs/89397201007/

Portland Public Schools agreed to implement furlough days. This action prevents mid-year staff layoffs for teachers. Students will experience three fewer school days this year. At least three other Oregon districts also approved staff furloughs. These measures address significant budget shortfalls statewide.

Portland, Oregon

https://www.opb.org/article/2026/03/30/portland-public-schools-furlough-days/

Oklahoma County's detention facility faces a critical budget shortfall. Its operating authority will request more funding Tuesday. Layoffs or furloughs are possible without additional money. These personnel cuts would impact daily jail operations. The National Guard or other agencies might provide assistance.

Oklahoma City, Oklahoma

https://www.koco.com/article/oklahoma-county-jail-national-guard-budget-shortfall-layoffs/70886438

California public schools face significant financial struggles. Districts across the state, including the Bay Area, are struggling to stay afloat. Santa Rosa’s school district may lay off hundreds of teachers. It is also considering closing a quarter of its campuses. Oakland schools also face potential financial insolvency.

Santa Rosa, California

https://www.kqed.org/forum/2010101913422/campus-closures-and-teacher-layoffs-bay-area-public-schools-in-crisis

Lexington community members protested potential educator layoffs on Monday. The school district plans to eliminate about 60 full-time positions. 160 educators received pink slips regarding these reductions. A $4 million funding gap is cited due to decreased enrollment and increased costs. Town officials will vote on the budget at a later date.

Lexington, Massachusetts

https://whdh.com/news/lexington-school-community-protests-proposed-layoffs/

UL Lafayette announced significant personnel changes. Seventy staff members face various personnel impacts. The university is cutting jobs, accepting retirements, and reassigning staff. The institution seeks to close a $25 million budget gap. Fifty-one roles were cut, with 19 involving other staff movements.

Lafayette, Louisiana

https://thecurrentla.com/2025/ul-lafayette-cutting-70-employees/

Ontario college presidents' salaries remained high in 2025 despite widespread layoffs. The college sector faced significant challenges, including campus closures and program cuts. A federal cap on international students heavily impacted college revenues. The top five presidents averaged around $507,000 in compensation. Humber College stated its executive compensation follows sector standards.

https://globalnews.ca/news/11749224/ontario-college-president-salaries-2025/