#restructuring

This won't be layoff in the traditional sense, it will be realign/restructure/RTO for company needs orne forced out maybe some early retirement for people. But SF doesn't need layoffs when they can just pull the right levers and force people to leave. That last giant survey we did a few months back was just them finding out how far they can turn the dial each time to achieve the desired effect.
OP: @eb+1kp6mkfmf

Bumping this up for visibility.

A few people from India product, US sales, rich media and US cx were let go today. Amidst what they call content transformation automation restructuring

Hey everyone, I’ve been keeping a close eye on the layoff situation at CVS, but I’ve noticed something strange: there haven't been any major WARN notices filed lately. Given the restructuring talk we heard last year, I’m trying to make sense of this.

Does the lack of filings mean the company is actually doing well and the 'efficiency' goals were met without more cuts? Or is this a sign that the broader economy is stabilizing? I’d love to hear if anyone inside the company has insight into whether more rounds are coming or if we're finally in the clear.

Rumor here is they are reducing the amount of SL per market - and putting the reduced amount of them at the market level here - to visit stores, etc.

In his first month of being interim CIDO, "Hot Mess" has already announced another restructuring for IT. What an innovative strategy that will absolutely not backfire. But don't forget to do your Time tracking (give me a break).

Xerox is in the process of being sold.

At this point, it makes the most sense to file CH11 now and start a planned slide into restructuring, ensuring the best possible outcome and odds for survival. Save the company, and as many jobs as you can.

They will not do that.

As bad as things are, life is still pretty good in the command bunker. The EC is paid well and treated like royalty. They go to their F1 races, and attend sporting events in skyboxes with vendors they will eventually default on their line of credit with. It's nice, they run things, and have a comfortable standard of living; it is ideal.

What is not ideal is giving up control, giving up the perks, giving up the excessive compensation to drive the company into a ditch.

Actually saving the company would require sacrifice from the EC. They have chosen not to do that. Instead, they attend F1 races, spend lavishly (on themselves) and run out the clock on a company that could be saved. The company is an end to their means - nothing else. Whatever happens will be a lot worse that it needed to be, because they want to go to one more race, sit in one more skybox for a hockey game, lord over you for one more day, before a mandated bankruptcy trustee reined them in, and put an end to it.

Remember that when they say WE have to make sacrifices, WE have to do difficult things. WE, isn't we, it's YOU.

The Cleveland Metropolitan School District is notifying staff of job cuts. These cuts affect both teachers and administrators. Several dozen central office workers are also expected to be impacted. The district is undergoing restructuring and school closures. Final layoff numbers will be released next week.

Cleveland, Ohio

https://fox8.com/news/i-team-cleveland-teachers-and-administrators-learn-of-job-cuts/

The next month will bring a lot of restructuring and layoffs. It is a harsh reminder that none of us are indispensable in the corporate machine. Remember that this job is not your identity or your measure of worth in this world. Best of luck to all of you. There is life outside of Medtronic.

The best people being kicked out again? When I was let go last year, what was left of our team was a joke. Just a few a-s-kissers. I wonder how that worked out for them. I hope things are better and at least they're getting rid of actual low performers this time, but I doubt it.

"This is not any reflection of the strength of our business. We have the biggest opportunity in Pendo history ahead of us. We are setting ourselves up to move at a faster speed to capitalize on it," said CEO Todd Olson in a statement. "We've been in a process of 'refounding' Pendo over the past six months as the technology landscape has changed dramatically. We had many of the largest companies in the world here, and they consider Pendo mission-critical infrastructure as they build agents, build with agents, and change how they work with AI. These operational changes are necessary to help us move faster and meet the needs of these companies as they transform."

https://abc11.com/post/pendo-layoffs-ai-tech-firm-nc-announces-job-cuts-raleigh-part-company-wide-restructure/18857051/

WIPR is undergoing a major restructuring. This restructuring involves significant layoffs. The organization is also offering free memberships. This offer is part of the current changes. More information is available in the full article.

http://prweek.com/article/1954023/wipr-offers-free-memberships-amid-major-restructuring-layoffs

Sony Pictures Entertainment is undergoing a major operational restructuring. The company will eliminate hundreds of roles across its film, TV, and corporate divisions. These changes are described as strategic for growth, not primarily cost-driven. New focus areas include franchise strategy, anime, and video game adaptations. CEO Ravi Ahuja communicated these organizational shifts in a staff memo.

https://variety.com/2026/tv/news/sony-entertainment-layoffs-tv-film-1236710554/

Sonos implemented layoffs within its marketing team. This action marks a strategic pivot for the company. New Chief Marketing Officer Colleen DeCourcy led the restructuring. She stated the marketing division had become too diffuse. The goal is improved operational efficiency and faster execution.

https://hr.economictimes.indiatimes.com/amp/news/industry/sonos-lays-off-staff-in-marketing-unit/130057109

Meta plans to lay off around 200 employees. These cuts will impact its San Francisco Bay Area operations. Specifically, 124 roles in Burlingame and 74 in Sunnyvale are affected. The affected teams include sales, recruiting, and Reality Labs. This move is part of a wider workforce restructuring effort.

San Francisco Bay Area, California

https://www.msn.com/en-in/money/news/meta-layoffs-facebook-parent-to-terminate-200-employees-in-san-francisco-bay-area-who-will-be-impacted/ar-AA20gkyN?ocid=finance-verthp-feeds

The Associated Press plans staff cuts and a business restructuring. This move shifts focus from local print to video and national topics. Revenue from tech companies has significantly grown for the AP. A voluntary separation plan will first be offered to U.S. news staff. Layoffs will follow if insufficient voluntary interest is received.

https://www.axios.com/2026/04/06/ap-staff-cuts-restructuring

Sonos laid off marketing staff as part of an organizational restructuring. Chief Marketing Officer Colleen DeCourcy is leading these changes. The company aims to simplify operations and reduce overlap. This move also seeks to improve execution speed across teams. The restructuring focuses on a unified brand-led approach.

https://www.moneycontrol.com/technology/sonos-layoffs-2026-the-audio-technology-brand-has-cut-jobs-from-marketing-team-over-restructuring-article-13880860.html

If we had a honest fireside chat right now the following would need to be said; please add what else you think is missing
·      Xerox currently has a hiring and retention talent problem where we can’t hire or keep the right level of staffing. (Stated in 10k)
·      Xerox currently has 15-25% staff within positions that need to be re-organized into GBS positions sooner than later.
·      Xerox currently has 25-45% staff that need to be released with 25% being residue from the purchase of Lexmark.
·      Xerox when purchasing Lexmark made a mistake by acquiring $1.5 Billion in debt above and beyond the debt we already had on the books.
·      Xerox will not be able to make debt payments starting in 2027 and will most likely be filing Chapter 11 in 1st Quarter 2027.
·      Xerox is not paying vendors on timeframes favorable to the vendors to save money; every penny we get in interest is needed.
·      Our stock price in the next 90 days will go below $1.00 starting the count down till we are delisted or transferred to the penny stock section of the news paper.

Massive reduction in force aligned for June under the code "restructuring". Starting July, company will operate under a completely new model. Won't get it into it here, but huge paring of middle managers (team leaders) and entire functions run under separate teams eliminated. 15 - 20 percent of workforce, to include all levels, VP, directors, IC.

Today I was informed that a restructuring occurred
Your position was impacted or so I heard

To say I was surprised would be a lie
For I saw this coming in my mind's own eye

To be fired now would seem a sin
But I saw it coming. I'll take this on the chin

On day one I was told this will never last
Prepare for the worst, work hard and work fast.

I toiled and worked long hours for sure
Implementing specs, features and more

The days flew by as they do
We all go through this, we all knew

Do not feel sad for this is a new beginning
This is not the ninth, it's only the sixth inning

To the new college grads I have one request
Work hard and stay strong and be at your best

To all I have known throughout these good years.
I say to you now, be happy and of good cheer.

Ciao

Oracle implemented job cuts. Dozens of software development roles were eliminated. These reductions took place in the Bay Area. The company cited a mass global restructuring. Specific details beyond this remain unstated.

https://www.bizjournals.com/sanfrancisco/news/2026/04/02/oracle-pleasanton-layoffs.html

The YMCA of Greater Charlotte announced staff layoffs. This action is part of a restructuring for financial sustainability. A limited number of positions across the association were impacted. The organization's revenue decreased by 26% since 2019. Membership levels have not recovered to pre-pandemic numbers.

Charlotte, North Carolina

https://www.charlotteobserver.com/news/business/article315280372.html

Your alarm goes off at 6 AM. There's an email from "Oracle Leadership." You've never gotten a message from that sender before. It says your job is gone, today is your last day, and severance details will arrive by DocuSign. By the time you finish reading, your company laptop is already locked.

This happened to up to 30,000 Oracle employees this week. Oracle reported $17.2 billion in revenue last quarter, its best in 15 years. And it still fired nearly 1 in 5 of its people. The stock went up 6% today.

Oracle owes over $108 billion. The company signed a $156 billion deal to build AI data centers over five years, mostly for OpenAI (the company behind ChatGPT). That requires buying roughly 3 million specialized computer chips. Two years ago, Oracle spent $6.9 billion a year on this kind of construction. This year it's $50 billion.

The 30,000 people who got that email are funding the gap. Investment bank TD Cowen estimates the layoffs will free up $8 to $10 billion in cash flow, money going straight into chips and construction. Oracle filed a $2.1 billion restructuring plan with regulators in March, and nearly $1 billion had already been spent before the emails went out.

Lenders are getting nervous. The cost to insure Oracle's debt against default has spiked to levels last seen during the 2009 financial crisis. Barclays downgraded Oracle's debt in November, warning the company is one step from "junk" status, the point where lenders consider you a serious default risk. Some banks have stopped lending to Oracle for these projects altogether.

The gamble gets worse. CNBC reported on March 9 that OpenAI, Oracle's biggest customer for all of this, is already looking at newer, faster chips from Nvidia. Oracle ordered the current generation and spent billions building out a massive Texas facility. OpenAI may not fully expand into it. The chips improve faster than the buildings go up.

For those working in tech, does anyone have the inside scoop of what changes are on the horizon? I heard they are cracking down on being in the office X amount of hours per day, new desks are being built on the tech floors, lots of leadership has left and the ones who have remained some have been shuffled around.

People are being asked to leave. When would this ever end?

Who has been RIF'd this round or over the last several months? I'll go first. I was in October...anyone else? Any whispers about what's next? First they combined DS/DM roles...then they added extra layers of Sales Help and Deal Desk...so they combined essentially four roles into one, no extra pay, less headcount, and now they are just shoving it all to AI?

Today VZ UK got an update. The impact is expected to be well over 100 people, but consultations will go well into May and maybe summer.. FR is beating around the bush, restructuring reasoning seems to be mixed up. might work against them (the firm, not employees). BE got an update last week, more than 50 people on the block, impacts expected May to June, probably sales and product will be the first to go. DE is still pulling its head out of its ar-e, no real updates, but then again we're talking about the country that still uses faxes and cash. i've got next to no work and sales has disappeared. all I can say is ALL ABOARD HERE COMES THE SEVERANCE EXPRESS!

UK discount chain Poundstretcher announced a property restructuring plan. The goal is to reduce its cost base and secure its future. The plan involves seeking rent reductions from landlords. Poundstretcher confirmed no store closures or job cuts are planned. The company has faced challenging trading conditions recently.

https://www.retail-insight-network.com/news/poundstretcher-outlines-property-restructure/

Panera Bread is implementing a new transformation strategy called "Panera RISE." This plan involves closing several regional Fresh Dough Facilities. The company is shifting to third-party artisan bakers for dough production. These closures have resulted in 399 employee layoffs across four states. Panera aims to improve profitability and drive sales growth with this restructuring.

https://www.thestreet.com/restaurants/40-year-old-fast-casual-restaurant-chain-panera-bread-lays-off-100s

Two companies filed WARN notices for upcoming job cuts in New Jersey. Novartis plans to lay off 114 employees in East Hanover. This is part of an ongoing restructuring effort by the pharmaceutical firm. Labcorp will cut 83 jobs in Raritan, though no reason was disclosed. Combined, nearly 200 employees will be affected by these layoffs.

https://whatnow.com/new-york/local-news/two-companies-file-warn-notices-nearly-200-jobs-at-risk-in-new-jersey/

Takeda Pharmaceutical filed a WARN Act notice confirming 634 U.S. job cuts. Of these, 247 positions are at its Cambridge, Massachusetts headquarters. The company's board approved a restructuring targeting ¥200 billion in gross savings. These savings are intended to fund upcoming dr-g launches and pipeline work. The cuts address revenue shortfalls following Vyvanse genericization.

https://www.ctol.digital/news/takeda-1-3b-restructuring-layoffs-investors

With layoffs happening this morning, it looks like the company may be in the middle of a broader cost-cutting and restructuring move. A possible explanation is that leadership is reducing headcount in areas it believes can be automated or absorbed by AI-enabled tools and smaller teams, with the aim of lowering costs, improving margins, and signaling a more efficient operating model to shareholders. If that is what is happening, the message is less about short-term performance and more about a transformation strategy centered on automation, leaner staffing, and investor-facing value creation.

They are about to do some really terrible and undesirable things regarding department structure and redistribution of work.

All hardware development is in the works of being moved to India. Sites such as Tullahoma will be reduced to near minimum manning and all devices will be developed in India entirely.

Mattel announced layoffs affecting 65 employees at its headquarters. These job cuts are effective May 22. The company is restructuring roles to optimize operations and realign its model. This follows lackluster 2025 economic performance and declining shares. Mattel is shifting focus toward digital games and entertainment partnerships.

El Segundo, CA

https://finance.yahoo.com/markets/stocks/articles/mattel-goes-another-round-layoffs-182323684.html

CoverMyMeds is restructuring its operations. Multiple employee teams are being let go. This follows massive layoffs two years prior. The health technology firm is owned by McKesson.

Columbus

https://www.dispatch.com/story/news/healthcare/2026/03/30/columbus-based-covermymeds-restructuring-services-laying-off-teams-layoffs/89348472007/

Albertsons is closing several store locations as part of a restructuring. This includes two stores in Tarrant County, Texas, affecting 138 employees. Additional closures are occurring in Washington D.C. and California. Overall, 295 jobs are being eliminated across these sites. The grocery retailer is investing in digital sales and technology for growth.

https://sg.finance.yahoo.com/news/87-old-retail-grocery-giant-020300245.html

Anyone remember this!
Looks like they were pretty spot on, just delayed due to COVID.

Giving you a heads up
Sept 1-most Prof/Tech and Para's will start re-entering the building. Leadership will have been transitioning into the buildings starting July 12. Now leaders can meet in person to discuss the following!

November - TMs will start meeting with employees to discuss the new Future State Operating models- Fire re-org, HRU, Stewardship, Prox....Team Lead structure U/W, Auto/FIre, a lot less TM's-only in the specialized areas, no ratings for employees, like TMs are today, with just a percentage/EIP. Levels of leadership will start getting cut and there will be more targeted transitions for tenured TMs, SMs, and CMs. Most CMs and SMs jobs are gone. AFS and Sales Leaders jobs are basically going away too. Korn Ferry will be utilized to determine who stays and go! Estimatics is done and so are most of Prox-outsourced to third party vendors-transition plans will be offered or more reassignments.
January 1, 2022- Pension buy-out offers are coming and employees will get heads up. Take it, trust me! There will be some decent incentives, bridging, time service etc...will be your last chance. Will be tied to staying around a certain period of time depending on local/Hub/LOC/job function/level. Agents will start all selling Gainsco ins too!

What's left-over-2nd Quarter 2022 LOC will find out their final faiths-depend on how quickly they can be replaced in hub cities/need. Also job class changes coming for U/W and Claims across all levels. No more $90K Auto/Fire Underwriters or Claim Reps in Prop-Complex and/or TM's for $130K a year to clear task, review a letter or review a file! TL will handle for $50-$60! CCC consolidation etc....

3rd Quarter 2022- 100 years now and changes to agency contract. More bots to automate away a lot of easy claims functions and U/W is going to start getting a lot more automation-ST to ST transfers, all added cars, all new business, automation of RAS/non-renewals and sunsetting the error based processing system. Target number of 40,000 employees by end of 2022, down from our current 57,500 approx. today! 25% reduction overall, target has been around 10% a year give or take a few percentages/turnover.

Pucker up ladies, gents, transitioning....!!!! It's amazing what things are left unprotected on SharePoints sites if you know where to look! You haven't seen sh-t yet!

I can't keep track of who I report to anymore or what I'm supposed to be working on. Projects constantly get started and then abandoned mid stream. Can somebody explain to me how this complete chaos benefits anybody, including Nike?