#costsavings

Company laid off a bunch of engineers , and now is forcing techs to do the zero pen jobs that fell to them. The union is so stupid , they didn’t even argue for a differential pay for its members. Company is saving millions making techs do the engineering work now. What does the union do besides sc--w over its members at every turn lol

https://finance.yahoo.com/energy/articles/apa-targets-700m-cost-cuts-170203957.html

It certainly isn't from the executive payroll.

How much budget cuts does VZ need in next 4.5 months to meet the $5billion prior to year end

Woodbridge officials are considering closing Keasbey Fire District No. 4, a move they claim will save taxpayers money and improve emergency services. Opponents, however, suspect the closure is a precursor to redevelopment of the valuable land. The township cites a state inspection highlighting declining membership and rising costs as reasons for the proposed dissolution. A final decision on dissolving the 117-year-old district is expected on August 12. The eight full-time firefighters would be reassigned to other township firehouses.

Woodbridge, New Jersey

https://nj1015.com/keasbey-fire-district-dissolving/

Readington Township Public Schools will reduce staff by twelve positions for the upcoming school year, saving approximately $1.1 million. This reduction was achieved through early-notification separation agreements rather than layoffs. All academic and extracurricular programs will be maintained. The district is also expanding special education offerings. These changes are expected to go unnoticed by the average student and parent.

Readington, NJ

https://www.tapinto.net/towns/flemington-slash-raritan/sections/education/articles/readington-seeing-fewer-staff-positions-for-coming-year-but-no-layoffs

Los Angeles Unified School District is projected to face a significant cash shortfall, prompting concerns about its financial stability. The district must revise its fiscal plan within 45 days to avoid increased county oversight. Experts suggest that declining enrollment, expiring COVID-19 relief funds, and rising operational costs are contributing factors. Tough decisions, including potential layoffs, furloughs, and school consolidation, are anticipated. The district is urged to rely on its own cost-cutting measures rather than expecting substantial state aid.

Los Angeles, California

https://edsource.org/2026/lausd-financial-crisis-looms/763170?amp=1

AI entire executive board leadership save millions, VZ stock price might increase

With all the VSP's approved and separation dates staggered from early September 2026 to end of 2027, we will still possibly have involuntary layoffs occur in mid August 2026 to help the company save some money. Even though we can't be transparent enough to tell you for sure, please keep work hard and diligently to ensure our providers and members are extremely satisfied.

With so many office buildings sitting half empty, it raises an interesting question:

What if companies sold some of their real estate and embraced a truly virtual workforce?

Many offices already feel sparse, with some departments coming in fewer days than company policy requires. Meanwhile, businesses continue paying for office space, utilities, maintenance, security and other overhead costs.

Could those savings be better invested in employees, technology, innovation, or customer experience instead?

Remote work isn’t the right fit for every role, but for many positions, the traditional office footprint may no longer make financial sense.

ArcBest is implementing a restructuring plan that includes workforce reductions of approximately 2%. The company will also consolidate some less-than-truckload terminals, reducing its network footprint. These changes aim to achieve significant annualized cost savings. Additionally, ArcBest is consolidating several brands under its main banner and retiring others. The restructuring is expected to result in both cash and noncash charges.

Fort Smith, Arkansas

https://www.freightwaves.com/news/arcbest-announces-layoffs-closing-10-ltl-terminals

We integrating to become more efficient and reduce cost. Don’t matter if you like the decision but tomorrow Xerox supposed to move to Lex CRM platform (a date already slipped) and the date moved again. Jeez. Sales Strategy and Sales Operations (a dangerous d-mb and d-mber) didn’t get the memo from LP about speed I guess. All just want to get on but not helped by delay.

I saw in another thread on here that taking the VSP will save Centene money in the long run. If the next round of layoffs don’t include any severance, how would it be possible to save money for Centene through the VSP?

https://www.trefis.com/stock/xom/articles/603827/exxon-saves-billions-but-margins-still-cut-in-half/2026-06-22

For a company that earned multi billion$ per quarter, it seems minimal reward/high risk to transition to low cost and low capability workforce in a 3rd world country.

The savings seems like it is not worth the risk and also not worth destroying all confidence and loyalty of its HC10 employees.

How much is the total annual target savings of moving to third world country 1/10 salary workforce, low cost engineering, low cost fabrication and procurement?

iHeartMedia initiated a programming realignment today. This initiative includes a new round of layoffs. The company aims to scale its new technology capabilities. It also seeks to achieve $50 million in cost savings. Several employees across multiple markets have been impacted.

https://radioinsight.com/headlines/360118/iheart-starts-programming-realignment-with-ongoing-cuts/

We have to separate fact from opinion.
SF was CFO of WP when FIS acquired WP. She was appointed COO with a primary responsibility of integration of WP and FIS. Integration was so bad FIS paid an additional 950 million in 2022 for acquisition and integration costs. They settled a lawsuit for 210 million associated with the acquisition of WP. Would we agree SF did not properly integrate the two companies?

Next, she is designated as Chief Administrative Officer 2021 to 2022. Primary responsibility included transformation, M&A, and technology. I think all of FIS/WP employees would agree this didn’t happen.

Her reward, appointment as CEO of a Fortune 500 company with experience of only accounting and finance. Company Stock price Dec 16, 2022 was 69.17. Today, it is 37.47. This what 20+ million a year in CEO comp for SF earns you.

When will the firings end? It isn’t ending soon. As part of the agreement with DE Shaw, FIS agreed to 400 million in cost savings. To avoid major disruption in the business and the Warn Act, FIS is laying off people over a three year period.

Follow the money, DE Shaw share sales in subsequent FIS announcements post Dec 2022. They forced these changes. FIS BOD appointments and historical relationships with DE Shaw, Janu Partners and SF. What backroom deals between Goldstein, Ernst and DE Shaw were agreed?

Make it make sense. 20+m a year, stock price free fall, increase in C Suite personnel compared to legacy FIS, advisor fees so high CFO commented on it, nepotism hires with Performance Officer, CAO, HR. What has this C-suite and SF accomplished?

This is the same CEO that created Future Foreward, implemented all these cost savings with promised payouts, delayed payouts, divided up payout over two years and then let people go before payment. This is the FIS culture. A CFO that hates Jacksonville and US culture. A failed CAO from Hertz because they were friends in Cincinnati. BT was her best friend at WP with no accomplishments at FIS. BT is an over priced puppet. Sad part, entire company run by McKinsey.

FIS got what it deserved. SF set out to do what she promised, fire all legacy FIS and the board has done nothing.

I was told by a colleague today that Apps Modernisation are saying that they will accept payment when savings are realised - essentially means free work now, pay later if it all works.

Anyone else get this?

Watch for more "savings" coming. . .

https://www.wsj.com/video/how-ibm-saved-45-billion-using-ai/C3EDE5AB-F38B-4281-8A92-0421C8753129

By: WSJ Leadership Institute
49 min. ago

IBM senior vice president of marketing and communications Jonathan Adashek explains the company's "client zero" initiative, which utilized artificial intelligence and automation to cut $4.5 billion in spending over three years. The IBM executive also explains how the technology is freeing up creative teams from menial tasks and generating more targeted sales leads.

Rackspace Technology is reducing its global workforce by about 15 percent. This move is part of a major business transformation focusing on enterprise artificial intelligence. The company's Executive Committee approved the decision on June 10. Rackspace expects annual cost reductions between $75 million and $85 million from this restructuring. These savings will be reinvested into strategic AI growth initiatives.

https://www.timesnownews.com/business-economy/companies/rackspace-technology-layoffs-why-the-firm-is-cutting-15-of-its-workforce-article-154671687

Rackspace is implementing layoffs targeting legacy service delivery functions. The company's board approved this plan on June 10. These actions align with Rackspace's pivot towards AI. The company expects to realize $75 million to $85 million in annualized savings. This strategic shift aims to streamline operations.

San Antonio, Texas

https://www.bizjournals.com/sanantonio/news/2026/06/16/rackspace-slashes-local-workforce.html

Team,
​First, I want to commend everyone on how beautifully you’ve adapted to our Personal Waste Ownership Initiative. By removing individual trash cans and requiring everyone to carry their own garbage three flights down to the central loading dock, we saved $4,200 annually in plastic liners. More importantly, I’ve noticed a real sense of pride as you carry your banana peels around all day. That is the grit that makes us a family.

​However, Q2 margins are still looking a bit "soft," and frankly, my bonus shouldn't have to suffer for it. To ensure we remain a lean, mean, profit-generating machine, we are implementing the following cost-cutting measures, effective immediately:
​1. The "Breathable Air" Optimization Program
​We’ve noticed a lot of erratic, deep breathing during stressful client calls. To reduce wear and tear on our HVAC filtration systems, the office oxygen levels will be dialed back to a crisp, simulating a productive high-altitude environment (roughly 11,000 feet).
​Action Item: If you feel lightheaded, please utilize the corporate-approved hyperventilation stance (head between knees) on your own time.

​2. BYO-Electricity (Bring Your Own Juice)
​Leaving monitors and laptops plugged into the company grid is costing us thousands. Starting Monday, wall outlets will be locked.
​The Solution: Employees are encouraged to bring their own fully charged power banks from home. For those looking to gamify their wellness, we have installed two Stationary Power-Bikes in the breakroom. If your laptop is dying, you may pedal at a minimum of 85 RPM to generate your own electricity. (Note: Pedaling time does not count toward billable hours).

​3. Micro-Tiered Restroom Subscriptions
​Frankly, the restroom has become a hotbed for unbilled leisure time. To counteract this, we are introducing Tiered Toilet Paper Access:
​Standard Tier (Free): 1 ply, single square per visit, sandpaper grit.
​Premium Tier ($4.99/month): 2 ply, quilted. (Billed directly via payroll deduction).
​Add-on: The Fluorescent Lighting Pass ($1.99/visit). If you choose not to pay, the motion-sensor lights will remain off, allowing you to reflect on your KPIs in total darkness.

​4. Caloric Efficiency & Mandatory Fasting
​The complimentary coffee machine is gone. In its place, we are installing a single, lukewarm Corporate Nutrient Spigot dispensing a gray, flavorless caloric paste. It contains 100% of your daily vitamins, eliminating the need for long, unproductive lunch breaks.
​Bonus: Because chewing is a known distractor, this will strictly be a liquid-diet initiative.

​5. Blinking Quotas
​Studies show that the average human blinks 15–20 times per minute, resulting in roughly 4.8 minutes of total darkness per employee, per day. Across a department of 50 people, that is four hours of unearned sleep daily.
​Please try to synchronize your blinking with your teammates, or better yet, practice the "sustained focus stare." Optical lubricant eyedrops will be available for purchase at the front desk.
​"Efficiency is doing things right. Total corporate austerity is doing things so right it hurts."
​I know change can be uncomfortable, but remember: every penny we save on lightbulbs and toilet paper is a penny that goes directly into securing the company's future (and my new yacht, The ROI).
​Let’s get out there and crush it!

Are ISC under new Honeywell split is going to finish ? Heard there are savings ongoing on transport goods within UK- EU and USA-EU going worldwide. What was the point to make IA and promising future when sites are going to closure ?

Groupon, Inc. announced a restructuring plan to become an AI-native company. The plan includes reducing up to 400 positions globally by the end of the third quarter 2026. Pre-tax restructuring charges are estimated at $7 to $13 million, primarily for severance. Annualized payroll actions are expected to generate $20 to $25 million in cost savings. Groupon raised its full-year 2026 Adjusted EBITDA guidance to $75 to $80 million.

Chicago, Illinois

https://www.stocktitan.net/sec-filings/GRPN/8-k-groupon-inc-reports-material-event-1ecafd00d145.html

I was RIFd yesterday, and I see that severance only pays out unused regular PTO, not protected PTO.

They really pushed employees to NOT use protected PTO as it is meant for illness and other unintended absence. I had built up quite a bit of it, and used regular PTO almost always.

Now I’m thinking the reconfiguration of PTO was more about cost savings than anything else. I was not aware that protected PTO would be forfeited or I would have used that first and foremost.

Very sneaky move Medtronic.

New direct labor ZERO OT policy is an operational disaster waiting to happen. It wasn’t built on output data or bottleneck reviews, yet site leaders are threatened with performance mgmt if deliveries slip. Requiring personal approval from unresponsive executives for every labor exception isn’t management- it’s creating a bottleneck in itself.

Checked with claude, they may save $600 M per year ongoing basis if they get rid of 10 percent people.

They are paying double for Mainframe and Cloud. Also schwab is much leaner at just 35k employees.

They may want to hire talented developers who recently laid off from Amazon or Meta.

But I’m honestly feeling like the Great Recession part two
The fuel costs for offices will be severe as for drivers unless something changes pronto.
But I feel uneasy on all the posts on here.

Companies like BNY and their consulting sidekicks have perfected the art of “economic development,” which mostly means convincing state and local governments that a few hundred cubicles and a ribbon‑cutting justify millions in tax incentives. McKinsey brings the playbook, BNY brings the headcount projections, and suddenly the state is handing out credits like party favors to “stimulate regional growth.”

Once the incentives are locked in, the hiring machine kicks in. States love when companies hire local graduates, and companies love it even more because those hires help them unlock annual tax credits tied to job‑creation commitments. New grads from state schools are especially attractive: they’re local, they’re eligible for incentive programs, and—let’s be honest—they’re cheaper than experienced workers. Salaries vary, but the pattern is predictable: new grads cost less, and incentive‑eligible hires cost even less to the company once the credits hit.

Who negotiates all this? At BNY, it’s typically a mix of Corporate Real Estate, Government Affairs, and Tax/Finance, working quietly behind the scenes to secure incentives without ever mentioning them to the employees whose jobs justify the credits.

And how do new grads help? Simple: every qualifying hire checks a box on the state’s incentive scorecard. The state gets “job creation.” BNY gets tax credits. And the new grads get… well, a selfie with Fabs and welcome to the Bounce House - North Campus.

Cognizant launched Project Leap to transform its operating model for AI-led delivery. This program involves investments in AI capabilities and workforce reskilling. It will also result in employee layoffs as the company shifts to an AI-led pyramid. Cognizant expects to incur $230-$320 million in costs, mostly for severance, in 2026. The company anticipates $200-$300 million in cost savings from this initiative.

https://www.thehindubusinessline.com/info-tech/cognizant-launches-project-leap-for-ai-led-future-signals-layoffs-and-reshaping-of-pyramid-model/article70921384.ece

We have enough intelligent people inside the organization. Cost saving? I don't think so. It usually takes much longer to get low quality work based on my experience with Indian.
Now we oursource our manufacturing jobs to China and white collar jobs to India. What has been left for our younger generation? Must be some dark powers that work behind this, let alone of the greedness of capitalist.

Rumour mill to confirmed that managers M2/M3 are being asked to drop to IC level. Rumor from my M5 level buddy is that the plan is to PIP these folks quickly and work them out without severance. The belief is that most won't be able to show value as IC4/5 if they have been managers for a few years quickly. Saves the company a boatload on severance costs. Also a downgrade might help a few quit themselves again saving seperation costs. The later is already happening in some offices.

Washington Governor Bob Ferguson met with Starbucks CEO Brian Niccol. The meeting agenda was not publicly disclosed. It likely involved Starbucks' new Nashville, Tennessee office. Starbucks plans to relocate its supply chain teams there. Nashville offers lower taxes for the company.

https://www.seattletimes.com/business/starbucks/is-starbucks-breaking-up-with-seattle/

BBC will reduce its workforce by up to 2,000. This represents nearly 10% of its total workforce. The network seeks £500 million in financial savings. The savings plan spans the next two years. Entire channels or services may face potential closure.

https://www.exchange4media.com/media-tv-news/bbc-ps500m-savings-push-nearly-2000-to-be-laid-off-153885.html

Buying SaaS products from vendors sounds simple—subscribe and go—but it’s where a lot of companies quietly lose money or flexibility if they don’t evaluate properly. Citi can save lot of money if they stop all SaaS tomorrow instead of cuts

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/

I hear AI is axing jobs. KC seems to think its a job eliminator to cut back on people. Rumor Ive heard our CHRO has in mind anyway. Whats the strategy. Productivity or cost savings?

Title says it all. Exxon will not stop untill all engineering and research is done in India or even lower cost countries. There are several studies going on now that are looking at BTC capabilities and off shoring to India. The only jobs will be at the physical plants for operations. Everything else will be outsourced. We already have BTC engineers working at several plants in rotation. Look around and see the future. Costs saving are exxons future. The bottom line is the most important constant and nothing else matters.

Upload the annual budget statement to Claude and ask it to analyze the document for cost‑reduction opportunities. Most expenses come from WIM, and there appears to be a potential savings of $800M by lowering those costs.

Riddle me this:

Will Fiserv ever have the brains to permit WFH with exorbitant fuel costs that are imminent?

Seriously, we were able to work 2.5 years from home with little issue. For those of us who live further away from the office and still drive in, the cost of commuting makes zero sense during these uncertain times.

Seems like Impulse is taking advantage of all the property that Space Park is letting go for cost savings . They are growing fast and have a lot of frustrated NG alumni that have left who were always constantly brought down by status quo NG leadership. Hopefully they’re able to pick up anyone looking for coverage. Also I heard leadership here, at NG, is trying to stop them from recruiting 😂.