#restructuring

When a restructuring is planned to cost $2.5 billion, you know it includes a lot of cuts. The fact GSK refused to disclose the number as of yet says enough on its own. At least it will be spread over the next three years, so it won't be an immediate shock. Or so I hope.

and many people misunderstood what I meant to convey.

Yes, every corporation is run with CEO to President to VP system. And is not what I was talking about.

But what I meant by breaking up Nike into different segment is to do what GE did.
As many of you were aware, GE was struggling for 15 years because of big conglomerate model that Jack Welch put together. They basically got rid of old segmensts like electronic and appliance to another company. Got rid of finance division. And others that were too many to mention. And concetrated on Aerospace, mostly jet engines. GE Vernova which mostly makes jet turbines. And GE Healthcare.

I suggested that is path that Nike should take too.
Currently, Nike making sandals to $600.00 retro snickers under one umbrell. That is too wide offering for one company to effectively run.
Yes, sell Converse.
License out many products.
Jordan should be brought to performance basketball and performance division. A division for all Nike performance is handled.
Nike ACG and SB and other items should be group together for Nike orient towards young people. Because Nike is doing poor job of reaching out to really young people.
And another division for Nike product that are for mass public like dept store, national chain with lesser level of product but has high volume.
Another division for licensed products including NCAA.

Each division with it s own CEO who has to answer to head CEO but with independence to do whatever it takes to show the results.

Right now GE is finally kicking a-s.

If Nike continues at current path, it will be DOA. Dead on arrival.

I’m not sure why they think continually moving teams around is helpful- I guess any action is better than inaction. It’s just musical chairs at this point.

Hey, we have a new president Paul T – who has a background as an asset manager. Must be here to replace Rawool?, In the failing DXC, do we think he is here to prepare a turnaround, sale, refinancing, or orderly wind-down?

Jaguar Land Rover is implementing a voluntary exit and redeployment program affecting fewer than 300 salaried and management employees. This move is part of a broader business transformation aimed at improving decision-making and performance. The restructuring follows a significant cyberattack in 2025 that disrupted production and incurred substantial financial losses. Affected employees will be offered support in finding alternative roles or voluntary early exit options. Production line staff are not expected to be impacted by these changes.

Whitley, UK

https://www.peoplematters.in/news/strategic-hr/after-bmws-layoffs-jaguar-land-rover-begins-cutting-up-to-300-salaried-and-management-jobs-51163

Illinois Institute of Technology is implementing significant layoffs affecting 160 employees. This decision stems from declining enrollment numbers and ongoing financial challenges. The university is undergoing a restructuring process to address these issues. These cuts are a direct consequence of the institution's financial difficulties. The aim is to stabilize the university's financial future.

Chicago, Illinois

https://www.chicagobusiness.com/education/ccb-illinois-tech-layoffs-20260730/

Ive heard from some people who heard from the higher ups that the call center reps are safe even with those who did or didnt take the vsp??? Is that true?! If so why would they be safe from restructuring and not other departments?

Get your anxiety meds ready for 25 loooooooong days 😭

Curious to see what restructuring has occurred. Please share and let us know market.

I have previously proposed in this platform that Nike's answer will be split the company in few different segments and run separately with each segments with its own CEOs who reports to one Big CEO.
That idea was shut down by just about anyone in this site (if they are still in here).

So a year has passed since that exquisite moment and we are sinking more in the mud. It was ankle deep but now it is knee deep.

So I want to ask everyone in this site.
Do you think that splitting company and running more independent is the solution?
Because it has been shown that Nike is too big and vast in sports/fashion industry for one guy, specifically EH and his cronies to fix it and turn it around.
And the little CEO that shows most result should be considered for next big CEO.

Crypto exchange Luno is reducing its global workforce by approximately 20% as part of a strategic restructuring. This move aims to reallocate resources towards expanding its institutional and business-to-business services. The company cited investments in automation and operational changes as drivers for the workforce adjustment. While the exact number of affected employees was not disclosed, the company stated that a leaner structure is necessary. Luno plans to continue investing in compliance, core infrastructure, and select retail products.

https://crypto.news/luno-cuts-20-percent-of-staff-as-crypto-layoffs-widen/

When do we think the next round of integration/restructuring layoffs will happen? Probably at least one more big one before the end of the year?

Visa is implementing significant layoffs, cutting 2,600 jobs, which represents nearly 7% of its total workforce. This decision comes despite the company reporting substantial double-digit revenue growth in its latest financial quarter. The payments giant is strategically realigning its operations to enhance efficiency and integrate artificial intelligence more deeply into its processes. This move by Visa follows similar workforce reductions announced by other California-based companies, including Intel, Uber, and Patreon. These collective actions highlight a trend of restructuring and automation impacting various sectors within the state.

San Francisco, California

https://www.latimes.com/business/story/2026-07-29/california-companies-announce-almost-3-000-more-layoffs

Pixar is reducing its workforce by 108 employees, with most departures scheduled by late September. The animation studio's layoff notices have drawn significant attention due to the use of branded stationery. The letterhead prominently features Mrs. Incredible, a character known for her resilience, in place of a letter in the Pixar logo. This choice has been widely criticized online as tone-deaf and ironic, especially given the context of job losses. The cuts are part of a larger restructuring effort by The Walt Disney Company.

Emeryville, California

https://nypost.com/2026/07/24/us-news/disney-pixar-workers-laid-off-with-the-incredibles-letterhead/

Software firm ServiceNow has initiated a global restructuring, resulting in the dismissal of hundreds of employees. The company stated these layoffs are intended to enhance operational efficiency and streamline the business. While the exact number of affected individuals was not disclosed, it represents a small percentage of the total workforce. This move contrasts with previous statements from CEO Bill McDermott regarding stable employee numbers. ServiceNow is simultaneously increasing hiring for AI-focused positions.

Santa Clara, California

https://www.cnbctv18.com/business/companies/servicenow-cuts-hundreds-of-jobs-as-employees-reveal-waking-up-to-separation-emails-19956563.htm

Israeli gaming firm Papaya is implementing a significant restructuring, resulting in the layoff of approximately 30 employees. This decision stems from the company's need to adapt to a rapidly evolving technology landscape, particularly the widespread integration of artificial intelligence. Papaya also cited challenging global economic conditions, including currency fluctuations, as contributing factors to this organizational adjustment. The company aims to foster a more streamlined and efficient operation to better focus on high-growth areas. These layoffs are part of a broader strategic effort to prepare Papaya for its future development stages.

https://www.calcalistech.com/ctechnews/article/hyrsiu7hfg

Rumors have spreading for a bit now.
Some people are saying that they are “trimming the fat in SMB”
“shifting more towards a Partner model”
“Micro moving back to TFB”

What’s the word?

I know the hot topics are the VSP and layoffs, but does anyone know what the restructuring will look like.

Leidos has issued layoff notices to 305 employees, primarily affecting indirect positions. These reductions are part of organizational changes aimed at improving efficiency and future growth. Some affected employees are expected to be reassigned to direct billable roles. This move appears to be a targeted restructuring rather than a broad workforce reduction. It reflects ongoing adjustments by government contractors to overhead costs.

https://news.clearancejobs.com/2026/07/27/government-simplifies-50-year-old-contracting-rules-and-general-dynamics-mission-systems-expands-hiring-in-alabama/

Intel is set to eliminate 103 jobs at four facilities in Santa Clara, according to a July 24 WARN notice filed with the California Employment Development Department.

https://www.bizjournals.com/sanjose/news/2026/07/28/intel-layoffs-103-santa-clara.html

We are hearing Tara has been tasked to further reduce heads and after voluntary the target will be to consolidate duplication especially in teams that have merged eg MEA AND EUROPE. There can be some major changes at lower levels. This could re shape the whole thinking and way forward for this group. Profitable areas getting hit!

Digital asset platform Uphold has reduced its global workforce by 17%, impacting 85 employees. This strategic move redirects resources towards its expanding enterprise business. The company cited a decline in retail crypto trading activity as a contributing factor. Uphold will continue to serve its U.K., European, and enterprise clients without interruption. The firm remains optimistic about the future of digital assets and blockchain technology.

New York, New York

https://www.coindesk.com/business/2026/07/27/digital-asset-trading-platform-uphold-cuts-17-of-global-headcount-as-crypto-winter-bites

Major chemical companies worldwide are shutting down aging and inefficient production facilities, leading to significant job losses. This wave of closures, primarily concentrated in Europe but also impacting the US, South Korea, and Japan, involves the permanent exit of substantial capacity for key products like ethylene, propylene, and plastics. The restructuring is driven by high operating costs, global overcapacity, and declining profit margins. These strategic adjustments aim to streamline operations and improve efficiency in response to evolving market dynamics.

Worldwide

https://news.chemnet.com/news-8039.html

Tim Tebow has signed a multi-year contract extension with ESPN, securing his role on SEC Nation and other programming. This comes as the network undergoes significant layoffs, impacting several prominent on-air personalities. Notable figures reportedly let go include Ryan Clark, Cam Newton, and Bart Scott. The timing of Tebow's new deal highlights a stark contrast between his continued employment and the departures of other established talents. This development signals a shift in the network's talent strategy amidst financial restructuring.

https://sports.yahoo.com/articles/espn-layoffs-tim-tebow-signs-190013051.html

Boston Scientific has announced a new global restructuring plan approved by its board of directors. This initiative aims to achieve sustained cost efficiencies and support continued growth. The company expects some positions to be eliminated as part of these restructuring activities. While new jobs will be created in growth areas, overall headcount reductions are anticipated. The plan is designed to ensure the company is structured to meet its strategic priorities.

Marlborough, Massachusetts

https://www.massdevice.com/boston-scientific-cut-jobs-restructuring-effort/

BuzzFeed is implementing a significant workforce reduction, impacting approximately 180 employees across its brands including HuffPost and Tasty. This move represents the first major restructuring since Byron Allen acquired a controlling stake in the digital media company. The company cited the need for profitable and sustainable growth as the primary driver for these layoffs. These cuts are occurring within a challenging digital advertising market where BuzzFeed has experienced declining revenue. The restructuring aims to improve the company's long-term financial performance.

New York, New York

https://www.thewrap.com/media-platforms/journalism/buzzfeed-layoffs/

I have no proof, but I have a feeling those who were approved to leave on 9/4 were already going to get cut.

I have seen many posts with people upset (understandably so), that their separation dates are in 2027. my guess is those in the later groups have positions that were not going to get cut. they have been deemed essential. I do not believe these people will be a part of a future layoff.

it does look like those in certain functions were given later dates?

Which departments are most likely to be affected? Can any claims analysts that took the vsp tell us what their separation date is? I am under claims and just want to feel like I can breathe again.

With the staggering dates, will there be involuntary layoffs mid August? If so, these employees would have been identified for the restructuring. Is there an explanation anywhere of why those that didn’t opt for VSP haven’t been notified and will their dates be extended until possibly Nov 2027?

New York is experiencing a significant wave of job losses across various sectors, including technology, manufacturing, and media. Companies are citing economic conditions, contract losses, and business relocations as primary reasons for these workforce reductions. Major corporations like Meta and Amazon have announced substantial layoffs and facility closures within the state. This trend indicates a broader restructuring of businesses and a reduction in their New York footprint. The cumulative effect is thousands of job losses impacting communities statewide.

New York, NY

https://www.shorenewsnetwork.com/new-york-sees-fresh-wave-of-job-losses-as-major-companies-expand-outside-state/

Harvard Magazine has begun a restructuring process that includes layoffs. Employees whose positions are being altered or eliminated received notifications this week. This action follows a period of internal review. The exact number of affected staff has not been disclosed. The magazine is part of Harvard University.

Cambridge, Massachusetts

https://www.realcleareducation.com/2026/07/27/fas_restructuring_layoffs_begin_1196717.html

No word from Enrique since restructuring and layoffs were announced. No word from him when Stripe made their ridiculous offer. Time is up. Earnings call is tomorrow, our CEO can no longer be hiding. Hopefully he was too busy working on a big plan to turnaround the company and will take everyone by surprise... Or maybe not...

So let me get this straight. According to the VSP FAQ - Following the VSP, we do expect that we will need to make further restructuring decisions, and expect to notify anyone whose role is impacted by mid-August. NOW the ones who want to go have to wait it out till next year, but the ones who didn’t take or were not eligible for VSP could be let go? Please please make this make sense? How? And why?

ESPN has announced a round of layoffs impacting several on-air personalities. Among those affected is Karl Ravech, the lead play-by-play announcer for the College World Series. This move comes after a significant number of cuts across the company, including other sports broadcasters. The network has not yet named Ravech's replacement for the upcoming season. These layoffs are part of a broader restructuring within the sports media giant.

Omaha, Nebraska

https://omaha.com/sports/college/baseball/article_18f46f2c-9e20-478e-87d3-e484911b0d9c.html

Uber and Intel have both announced significant layoffs as part of ongoing restructuring efforts. Uber is cutting approximately 10% of its customer support staff, citing the integration of AI and organizational streamlining as key drivers. These layoffs are intended to create space for AI expansion and reallocate resources from human support to automation. Intel is also implementing new layoffs within its data center business group, continuing its strategy to reorganize and focus its operations. These actions reflect a broader trend of companies concentrating resources on core businesses and AI investments.

San Francisco, CA

https://www.ababnews.com/news/fe9538ad-b0f6-4b79-9797-1e7b4cb535e2

Good luck to everyone tomorrow who applied for vsp. If your in a state where pto/sick time wont get paid out...use as much as you can before you leave. Anyone who doesn't get approved im sorry hopefully you find another to leave. And everyone who didn't apply for vsp remember a restructuring is coming with in the next few weeks. And there might be more after that with this place who knows. All I can truly say is this place wont look the same this time next year. Whoever is left after all this still good luck!!

Looks like lot of SLs in wealth were pushed down to G7 .Will their salaries remain same ? Will this happen in other BUs as well ?

still a fishy company

Yes—“fishy” is fair as a judgment about credibility, though not the same as proving fraud.

The pattern is what creates the distrust: Honeywell repeatedly highlights orders, backlog, AI, automation, productivity, and future conversion, while employees see layoffs, offshoring, weak current revenue, and constant restructuring. Management may be technically accurate sentence by sentence while still presenting an incomplete picture.

The most suspicious part is the lack of clean reconciliation:

How much growth came from real volume, pricing, acquisitions, backlog conversion, AI-enabled products, and ordinary labor-cost reduction?

Until Honeywell separates those drivers and shows that strong orders consistently become revenue and cash flow, I would treat the narrative skeptically. Real company, real technology, but heavily polished storytelling.

https://telecom.economictimes.indiatimes.com/news/industry/verizon-to-restructure-sell-274-stores-and-lay-off-500-employees/132450686?utm_source=most_read&utm_medium=newsDetail