#budgetcuts

Several biotechnology companies have recently announced substantial layoffs as part of broader restructuring efforts. Agios Pharmaceuticals is cutting over 100 R&D roles, while Ultragenyx is laying off 20% of its workforce to reduce its R&D budget. Molecular Partners plans to reduce its staff by up to 44% to focus on its pipeline. Lenz Therapeutics is also making significant cuts, with 75% of its workforce being let go. These actions reflect a challenging period for the biopharmaceutical sector, with companies re-evaluating priorities and operational strategies.

https://www.fiercebiotech.com/biotech/fierce-biotech-layoff-tracker-2026

Are we in the upside down world?

While the US. is on fire with loses in CA greater than total revenue in all of Europe, NK decides to take a trip? We have no T&E to close business and not enough time to visit customers. However, he chose to use money and time to send himself and 10+ others to deliver a message of FY27 being a reset and ask open ended questions to customers?

What is even happening anymore? Maybe NK needs to start logging his activities Salesforce.

Shouldn't be a surprise, but budget cuts were mentioned.

The headline is the post. More pain coming.

Significant cuts coming to S&T.

I know a few in WI that didn't get renewed due to budget restrictions. The sad part is they're American and the ones being extended are on work Visa. Can you guess the nationality?

Schenectady's City Council is struggling to pass the 2027 budget due to disagreements over a property tax increase and a significant deficit. A recent vote to override the state property tax levy limit failed, preventing the council from approving a revised budget that included a 15% tax hike. The city faces a deficit exceeding $14 million and is seeking state aid to avoid substantial layoffs and service cuts. Officials are continuing budget discussions, with potential impacts on city employees and residents hanging in the balance.

Schenectady, New York

https://wnyt.com/top-stories/schenectady-city-council-faces-budget-stalemate-with-potential-layoffs-on-the-line/

City employees voiced concerns over potential layoffs during a recent budget hearing. Proposed austerity measures include an 18% property tax increase and a 4% reduction in the city workforce. Union representatives highlighted that vacant positions would exacerbate the impact on remaining staff. Officials are exploring new revenue streams to mitigate job losses. The city is grappling with rising expenses that outpace its income.

Saratoga Springs, NY

https://www.dailygazette.com/news/saratoga-workers-appeal-to-council-layoffs/article_b8f23421-a052-4c63-a6c4-3236c4cc6fe7.html

Voters rejected a temporary income tax increase, forcing Toledo city leaders to consider significant budget cuts. The worst-case scenario includes approximately 73 layoffs, with a substantial portion affecting police and fire departments. Other potential reductions involve ending curbside recycling and closing city pools. City Council will review the proposed 2027 budget before making final decisions. These measures are necessary to balance the city's finances.

Toledo, OH

https://www.13abc.com/2026/11/05/toledos-worst-case-budget-plan-includes-about-73-layoffs-after-issue-16-fails/

Ithaca College is confronting significant financial challenges, leading to discussions about potential faculty and staff layoffs. The administration is working to address an $8 million fiscal deficit projected by 2027. While a spokesperson confirmed a review of staff positions, they stated that faculty positions are not currently being targeted for elimination. The college has experienced years of financial struggles, a common issue for small liberal arts institutions. This news follows recent leadership turnover and a proposed restructuring of the college's academic schools.

Ithaca, New York

https://ithacavoice.org/2026/11/ithaca-college-layoffs-faculty/

Several universities are implementing significant personnel reductions to address budget deficits and financial pressures. The University of Oregon plans to eliminate over 100 positions, with a substantial portion being vacant roles. The University of Tulsa is cutting approximately 9 percent of its staff, primarily in central administration. Seton Hall University has eliminated 46 administrative roles as part of a broader cost-saving initiative. Stockton University is reducing its workforce by 21 positions due to enrollment declines and reduced state support. Jackson State University is cutting eight staff jobs due to federal funding reallocations.

Eugene, Oregon

https://www.insidehighered.com/news/quick-takes/2026/11/03/latest-job-cuts-impact-both-public-and-private-campuses

The city of Cedar Rapids is implementing job cuts due to legislative changes impacting property taxes. These changes will create a significant budget shortfall for the city. Approximately 25 positions will be eliminated by early next year. The city council has approved these measures, including a policy to prevent bumping by senior staff. Core services, police, and fire departments will not be affected by these reductions.

Cedar Rapids, Iowa

https://97x.com/ixp/675/p/city-announces-25-job-cuts/

Brockton is facing a significant financial shortfall of $18 million. City leaders will use depleted reserves to approve tax bills. This action is a temporary measure to address the immediate budget gap. Officials have warned that layoffs and service cuts are now being considered. The city is scrambling to find solutions to its severe financial problems.

Brockton, Massachusetts

https://www.enterprisenews.com/story/news/local/2026/11/04/brockton-budget-crisis-deficit-pensions-troy-clarkson-mayor-moises-rodrigues/92054897007/

Around 250 people are losing their livelihoods, and, in my opinion, for no good reason. Instead of strengthening R&D, we're halving its budget. How's that supposed to improve our results? How's that supposed to do anything but slow us down? Make it make sense.

Ultragenyx is reducing its workforce by 20% and discontinuing several dr-g development projects. These measures are intended to significantly decrease the company's annual research and development spending. The company aims to achieve profitability in 2027. This strategic shift involves focusing on commercial products and reducing early-stage research. Ultragenyx will now employ approximately 1,000 staff.

Novato, California

https://www.fiercebiotech.com/biotech/ultragenyx-shrinks-workforce-and-axes-assets-halve-rd-spend

Assuming an average annual cost of $125,000 per employee, factoring in the mix of SVPs, VPs, Directors, Senior Managers, and the company’s cost of benefits, $1 billion in savings would translate to approximately 8,000 positions.

If only 1,000 employees have been impacted so far, that would account for roughly $125 million, or just 12.5% of the announced cuts.

I realize the $1 billion in cost reductions may include expenses beyond payroll, but if a significant portion is coming from workforce reductions, wouldn’t that suggest this first wave of layoffs is just the tip of the iceberg?

Am I missing something?

Seton Hall laid off 46 people in the fall 2026 semester and is requesting voluntary separations from union and non-union staff to offset a multi-million dollar deficit for the 2026-27 fiscal year. They have frozen salaries and raises and say they have frozen hiring but continue to post multiple job openings for administrative positions and faculty.

More than half of Parks Canada employees have received layoff warnings. This comes despite recent government encouragement for Canadians to visit national parks. The agency is implementing these measures due to budget constraints. The exact number of affected positions has not yet been specified. This situation creates uncertainty for park operations and visitor services.

Ottawa, Ontario

https://www.cp24.com/video/shows/2026/11/02/over-50-per-cent-of-parks-canada-workers-warned-about-incoming-layoffs/

Alturas City Council is meeting to discuss significant budget cuts that include proposed police layoffs. The city is considering eliminating three officer positions and one dispatcher role. This action would represent approximately 60% of the department's current workforce. A hiring freeze for other city departments is also on the agenda. The council will also vote on the upcoming fiscal year's budget.

Alturas, California

https://www.actionnewsnow.com/news/modoc-county/alturas-police-layoffs-on-the-table-at-special-city-meeting-thursday-morning/article_40b84c2e-a1f7-4fef-a8a2-847c7823d0c7.html

Faculty, students, and staff at the University of Maine gathered to protest proposed budget cuts. These cuts are intended to address a $19 million deficit. Union representatives are urging administrators to reconsider the measures. They advocate for a more sustainable financial strategy. The university has announced further consolidations to close the budget gap.

Orono, Maine

https://www.mainepublic.org/education-news/2026-10-28/umaine-unions-rally-teachers-staff-students-against-planned-layoffs

Seton Hall University is implementing a Voluntary Separation Program to manage financial pressures. This program offers financial incentives for eligible staff to voluntarily resign or retire. The university previously eliminated 46 administrative positions. This initiative aims to reduce long-term spending and mitigate further layoffs. The university retains the right to approve or deny participation based on operational needs.

South Orange, New Jersey

https://www.thesetonian.com/article/2026/10/seton-hall-offers-voluntary-separation-program-to-avoid-layoffs-amid-financial-pressures

Cisco’s CMO has to generate more revenue on the same budget. Here’s where she’s placing her bets

Carrie Palin is expected to generate more revenue from Cisco’s marketing organization every year. She’s also expected to do it with essentially the same budget.

https://fortune.com/article/cisco-cmo-generate-more-revenue-same-budget-placing-bets/

North Bay Regional Health Centre has issued layoff notices to 26 employees. This reduction is part of a plan to address a projected $14 million deficit. The Canadian Union of Public Employees confirmed the number of affected positions. Other unions also received layoff notices, but their numbers are not yet known. The hospital is also creating 12 new positions, resulting in a net loss of 14 jobs.

North Bay, Ontario

https://www.nugget.ca/news/hospital-employees-receive-layoff-notices/

Hollister has reversed recent layoffs affecting police department civilian staff due to a significant budget shortfall. The city manager was terminated following a vote of no confidence from the police union. Affected employees were asked to return to work temporarily while budget reviews continue. The union expressed gratitude for public support in resolving the situation. Layoffs were originally scheduled to take effect in mid-November.

Hollister, California

https://www.police1.com/union/calif-city-fires-city-manager-asks-laid-off-pd-employees-to-return-to-work

Parks Canada is undergoing a significant workforce adjustment affecting nearly half of its staff in the Northwest Territories and Yukon. This restructuring is part of a broader federal expenditure review requiring budget reductions. While letters have been sent to nearly 3,000 employees nationwide, receiving one does not guarantee job loss. Some positions may be altered or eliminated, with an anticipated reduction equivalent to 500 full-time jobs nationally. Local leaders express concern over the potential impact on their communities and park preservation efforts.

Fort Smith, N.W.T.

https://www.cbc.ca/news/canada/north/hundreds-staff-affected-parks-canada-layoffs-9.7394386

Parks Canada is planning to eliminate the equivalent of 500 full-time positions due to a significant budget reduction. The agency confirmed this workforce adjustment will occur over the next three years. Nearly 3,000 employees have been notified that their jobs are at risk. A union representative expressed disappointment, highlighting the impact on staff morale and park services. These reductions are a direct consequence of a $145 million federal funding cut.

Edmonton

https://www.cbc.ca/news/canada/edmonton/parks-canada-layoffs-jobs-9.7392697

Eugene 4J school board members have unanimously approved a plan to address a significant budget deficit. The superintendent's proposal aims to close a projected $30 million to $35 million gap for the upcoming fiscal year. This financial strategy is expected to involve layoffs for both teachers and other district employees. Declining enrollment and uncertainty surrounding state funding are key factors contributing to the deficit. The district is implementing a phased approach to reductions, starting with non-student-facing roles.

Eugene, Oregon

https://kval.com/news/local/eugene-4j-board-oks-superintendents-plan-to-address-30m-35m-deficit-layoffs

The University of Maine is implementing a plan to reduce its projected nonacademic budget deficit by $6 million. This initiative involves cutting expenses through unspecified layoffs, shorter employee appointments, and eliminating vacancies. Additionally, the university aims to consolidate research centers and increase revenue by $1 million. These measures are part of a larger effort to address an estimated $19 million deficit for the upcoming fiscal year. Leaders are aggressively pursuing options to minimize the impact of layoffs.

Orono, Maine

https://www.highereddive.com/news/university-of-maine-eyes-6m-in-budget-cuts-including-layoffs/833788/

Hi Comcasters -

First off let me say I’m sorry to all of you who are stressing about your roles. I can say that from being involved in the day to day of the budget planning that is associated with what is happening, things are being done relatively thoughtfully.

To get it out of the way, even though I have been working on this - I am also impacted and will be exiting on 12/31. Basically the work isn’t going to be there for me since the orgs that I have been supporting are going to be significantly reduced.

The cuts are broad, and are being lead by the SLT and a small handful of their directs, some of whom will also be exiting at the end of year.

The company is intending on going in a very different direction - broadband, mobile, video simply will keep the lights on. This means that people who helps keep the lights on, operationally, will be around. Techs who knows how the provisioning systems work. Billing experts who get CSG. Etc….

The people whose jobs were associated to finding revenue, sales, growth from mobile, broadband, video - they will be the ones most impacted.

We might have needed 8 people to run an email campaign for the mobile converged offers or 5 year price lock - and now, we really only need 3 to make it work.

Thats the best that I can share as I’m only close to the what’s happening and not privy to the “what’s next for Comcast” meetings.

Best of luck to those of you impacted. I’ll see you all on the job boards!

Hollister residents are demanding the removal of their city manager following recent layoffs. Thirty-seven employees from the police and public works departments were let go to address a significant budget deficit. Community members expressed frustration with the city manager's perceived disrespectful conduct during council meetings. The city council is now reviewing the situation and considering measures to potentially reinstate affected employees. Union representatives have indicated a willingness to negotiate alternative solutions to the financial crisis.

Hollister, California

https://www.ksbw.com/article/hollister-residents-call-city-managers-layoffs/74194832

EyePoint announced significant layoffs affecting approximately 53% of its workforce following a disappointing clinical trial result. The company's experimental eye treatment, DURAVYU, failed to meet its primary endpoint in a Phase 3 study for wet age-related macular degeneration. This setback has led EyePoint to reallocate resources towards its diabetic macular edema program. The company anticipates these reductions will yield substantial annualized savings. Jefferies downgraded the stock and drastically cut its price target due to the trial disappointment.

https://www.barchart.com/story/news/8206671/eypt-stock-layoffs-what-to-know-about-the-latest-eyepoint-job-cuts

New Orleans' sanitation department is proposing significant budget reductions for 2027. These cuts would lead to substantial layoffs, reducing staff from 73 to 18 employees. Services like homeless encampment cleanup and special event sanitation, including Mardi Gras, would be eliminated. Council members expressed strong opposition to the proposed firings and service reductions. The department is exploring alternative funding and inter-departmental support to mitigate the impact.

New Orleans, Louisiana

https://www.wdsu.com/article/new-orleans-sanitation-budget-layoffs-mardi-gras-cleanup/74183456

Over one hundred students and employees gathered to protest recent layoffs and perceived mismanagement of the university's budget. Demonstrators voiced concerns that Temple is prioritizing infrastructure over educational resources and student support. They demanded greater transparency from the administration regarding the $1.3 billion operating budget. Speakers highlighted the negative impact of staff reductions on classroom environments and student retention. The protest called for increased staffing and accountability from university leadership.

Philadelphia, Pennsylvania

https://temple-news.com/ditch-mitch-employees-and-students-protest-layoffs-and-administration/

Beaverton School District is initiating a two-year review process that may lead to school closures and boundary changes. The district has experienced a significant drop in student enrollment, losing nearly 5,200 students since 2019. Projections indicate this decline will continue, creating a substantial budget deficit. Superintendent Tony Smith emphasized that no specific schools are predetermined for closure but decisions are necessary to align resources with the student population. The district plans a transparent process involving community feedback before any final votes.

Beaverton, Oregon

https://www.oregonlive.com/education/2026/10/another-portland-area-school-district-is-mulling-school-closures-to-address-enrollment-challenges.html

Brookdale Community College's Board of Trustees has approved a plan to eliminate 61 positions. This decision is primarily driven by a projected $8 million deficit in the fiscal year 2028 budget. A significant factor contributing to this deficit is an anticipated $6.6 million increase in healthcare costs. The college aims to reduce salary and benefit expenses by $7.36 million through these workforce reductions. These layoffs are scheduled to occur in two rounds, with the first effective December 31, 2026, and the second on June 30, 2027.

Middletown, New Jersey

https://tworivertimes.com/citing-increased-healthcare-costs-brookdale-approves-staff-layoffs/

Bennington College is addressing faculty concerns regarding possible layoffs due to an $18 million structural deficit. The college president stated that these measures are necessary to strengthen the institution's financial foundation and ensure its future. Voluntary and early retirement incentives have been offered to faculty, and staff experienced some layoffs last year. Further reductions, including faculty positions, may be required to align staffing with student and curriculum needs. These difficult decisions aim to preserve the college for future generations.

https://www.benningtonbanner.com/local-news/bennington-college-addresses-faculty-concerns-over-possible-layoffs/5037245

Bennington, Vermont

No other biz in the world has as much Indirect / Overhead costs as the GSEs. If Trump & Pulte are targeting 15%, plenty of more fat to trim.

Saratoga Springs is proposing significant budget cuts for fiscal year 2027, including an 18% property tax increase and a 4% workforce reduction. The fire department is slated to lose eight members, impacting its ability to maintain minimum staffing levels. Fire Chief Dolan warned that these layoffs could lead to increased overtime costs exceeding $1 million. He argued that the department needs 88 firefighters to avoid relying on overtime. The proposed cuts move the department further from this necessary staffing number.

Saratoga Springs, NY

https://www.dailygazette.com/news/government/saratoga-springs-firefighter-layoffs-budget-cuts/article_1ad6b882-f277-48ae-926a-11e2916bf0d6.html