#costcutting

Is the management firm hitting the family so hard with fees that they have to lesson the product slowly over time for more profits to sustain the family expenses.

Eventually, the absence of strategy and sound fundamentals comes due. And I won't even mention the unthinkable - a bold vision with a long-term payoff. Apparently that's just fantasyland.

Heard the new furniture is already breaking! KG and MG should not have been cheap purchasing ikea…. With lifestyles of their stature they should know better! SP, why did you give them access to our Amazon account? I love the new call center look, we are all very dedicated slaves who trust in marketing operations to guide us to our success

Nike continues to optimize its workforce and rationalize programs. The company recently made a wave of tech layoffs this quarter. CFO Matthew Friend confirmed these actions on an earnings call. Nike incurred $230 million in severance costs for these cuts. These efforts aim to slash cloud costs and improve engineering performance.

https://www.thestack.technology/nike-tech-layoffs/

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/

After 20+ years at Oracle, no one is exempt from cuts. Realistically, they’re doing many a favor. The company is bloated at 160K employees—I’ve long said it could shed 50K with zero impact. Next should be VPs, directors, accountants, and especially lawyers. I applaud the move, but it could have gone much deeper.

They've proven to be incompetent again and again. Plus, they'd save much more money with fewer people. Win/win.

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.

RV joins the company, lays people off, reduces benefits, saves on costs, and raises service fees. Once the stock price goes up, he’ll sell his shares and leave

Oracle lays off employees as it curbs costs during AI buildout
https://www.businessinsider.com/oracle-layoffs-employees-costs-ai-buildout-job-cuts-2026-3

Every inconsiderate or illogical move, including pushing people close to retirement over to Cognizant, or making seemingly d-mb decisions about who to cut - it's all intentional. It's all about savings without one iota of respect or gratitude toward us. If they can save a minor buck by sc--wing you over majorly, they'll do it.

• Tech layoffs reflect a shift from labor spending to AI infrastructure investment rather than a simple downturn.
• The “AI transformation” narrative often masks cost-cutting driven by investor pressure and prior overhiring.
• Job growth in AI is narrow and does not offset widespread displacement across the broader workforce.

https://siliconcanals.com/sc-a-the-real-story-behind-45-000-tech-layoffs-where-the-money-actually-goes/

The real story behind 45,000 tech layoffs: where the money actually goes

Recent layoffs across the tech sector are being interpreted through competing narratives that reveal different priorities. Some accounts frame the cuts as a necessary step toward an AI-driven future, presenting job losses and new AI roles as part of a balanced transition. Others emphasize the experience of workers, who are often left uncertain about why they were let go and whether automation played a role. A more critical perspective treats the AI explanation as a strategic narrative that makes workforce reductions appear forward-looking rather than financially motivated.

The core economic shift is a reallocation of resources away from employees and toward infrastructure. Companies are reducing headcount while increasing spending on data centers, computing hardware, and energy systems that support AI development. These investments do not generate equivalent employment opportunities, and the roles that do emerge are concentrated in highly specialized areas. This creates a structural divide in the labor market, where a small group of AI experts is in demand while a much larger group of workers faces declining opportunities.

The effects extend beyond individual companies to broader economic patterns. Layoffs are concentrated in high-cost tech regions, while new infrastructure projects are often built in locations offering lower costs and favorable incentives. Policymakers are beginning to respond by seeking ways to extract value from this expansion, rather than attempting to slow it. At the same time, the emphasis on AI as the driving force behind layoffs may obscure more conventional factors, such as pressure to improve margins after periods of aggressive hiring, leaving uncertainty about whether the anticipated productivity gains will materialize.

Trinity Health is cutting jobs within its revenue cycle department. The healthcare system will outsource these non-patient-facing roles to an external partner. Approximately 10.5% of revenue cycle positions are affected by this change. The exact number of impacted employees has not been publicly disclosed. Financial challenges in the healthcare industry prompted these cost-saving measures.

Ann Arbor, MI

https://www.mlive.com/news/ann-arbor/2026/01/some-health-care-staff-laid-off-in-washtenaw-county-as-trinity-health-outsources.html

An investment analyst forecasts significant layoffs at Novo Nordisk. Up to five thousand staff reductions are predicted within two years. This prediction follows a decline in future earnings expectations. The company needs to address its cost structure. This view comes from an analyst and economist.

https://medwatch.com/News/Pharma___Biotech/article19163186.ece

I mean, not really. Maybe on paper, to an extent. Paper is just the cover. It will be money based, without any long-term strategy, any concern for team cohesion and efficiency, and without any thought about talent retention. It’s the scrambling phase. Chickens coming home to roost for the string of bad decisions, driven by greed, grandiosity and mediocrity.

Dan signed up for multi billion dollar transformation.

15k layoffs wasn't enough.

More cuts def coming and it seems like execs are getting real with their teams and just flat out scrutinizing everything.

The Sr Directors are also lacking one of the two main key skills. 1) leadership 2) technical knowledge.

Only a handful around that can do both. Can't grow a company if u are just one.

They may no longer be obligated to WARN in those states locations with 50+ employees, so VZ won't have to pay the additional money to keep them around doing nothing for a extra 30 or 60 days. It makes it cheaper to do layoffs after this is done, harder to count and trigger the thresholds.

Outing myself as a NJ resident; I participated for many years at the Verizon Corporate Classic 5K in Morristown that benefits the JBWS organization (supporting DV victims in the area). It was always a fun event to participate in with coworkers and family members. As far as I know, Verizon was always the premier corporate sponsor for this thousands-large event every July, organizing everything down to the (talented, classically trained!) singer for the National Anthem.

I got laid off this past November; I was happy to see an email come through my personal account letting me know the race is still on for this summer. But the branding looked totally different. I went to verizoncorporateclassic dot com, and it redirects to morristowncorporateclassic dot com with no indication whatsoever that Verizon is sponsoring it. At least it still benefits JBWS.

I guess Dan really is cutting all the fat, huh? even some of the lean?

Epic Games is cutting over 1,000 jobs across the company. This decision follows a decline in user engagement for Fortnite. CEO Tim Sweeney stated the company is spending significantly more than it earns. Industry-wide challenges also contribute to the financial situation. The layoffs are part of broader cost reductions exceeding $500 million.

Cary, North Carolina

https://www.carolinajournal.com/cary-based-epic-games-cuts-20-of-employees-after-fortnite-slump/

You’re not viewed as an investment, you’re treated as a cost to be managed. That distinction is intentional. This isn’t leadership, it’s management in its most short-sighted form.

There’s no real vision here - only a fixation on near-term optics and personal gain. Anyone outside of that inner circle is reduced to a line item, something to optimize or eliminate in service of short-term efficiency metrics. The broader, long-term impact simply isn’t part of the equation.

They understand the job market dynamics. They know there’s a steady pipeline of applicants. That knowledge reinforces a mindset where people are interchangeable and, ultimately, expendable. It removes any incentive to invest in talent, develop people, or build something durable.

The cost-cutting decisions they make carry little immediate consequence for them personally, since they’re insulated from the actual work and its downstream effects. But those same decisions generate immediate, tangible upside for themselves, whether in compensation, perception, or internal positioning.

So the system sustains itself: extract value now, defer consequences, and treat people as replaceable inputs rather than assets worth investing in.

Large pharmaceutical companies collectively reduced their workforces by over 22,000 in 2025. This contraction occurred as the industry faces a $300 billion patent cliff. Many firms implemented cost cuts and layoffs to maintain profits. Pfizer, Novo Nordisk, and Sanofi were among those with significant reductions. Conversely, Eli Lilly and Amgen notably expanded their employee numbers.

https://www.fiercepharma.com/pharma/large-pharma-companies-reduced-headcount-over-22000-2025-300b-patent-cliff-looms

The "Break Up Big Medicine Act," introduced in February 2026 by Senators Elizabeth Warren and Josh Hawley, seeks to dismantle vertically integrated healthcare conglomerates. It aims to prohibit companies from owning both healthcare providers and insurers, pharmacy benefit managers (PBMs), or wholesalers, reducing conflicts of interest, lowering costs, and increasing competition.

Epic Games is laying off over 1,000 employees. This decision follows a downturn in Fortnite engagement since 2025. The company is spending significantly more than it is making. These cuts, along with $500 million in cost savings, aim for stability. Impacted employees will receive severance, healthcare, and accelerated stock options.

https://www.epicgames.com/site/en-US/news/todays-layoffs

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.

Veteran. High performer. Unique skillset. None of it matters. It's about the money. Skill and experience cost more, so they'll keep the slacker and cut the person who actually knows what they're doing. Meaning all that hard work you put in? That was for you. This company was never going to appreciate it.

Ongoing rolling layoffs are being executed without a clear audit of role impact or transition planning. The result is predictable: critical responsibilities are disappearing, remaining teams are absorbing gaps, and service quality is starting to degrade to the point of tipping. All company stakeholders should be paying close attention.

This pattern of cost cutting is undermining operational continuity and institutional knowledge.

For leadership—especially at the CEO level—this should be a visibility issue. If the intent is long-term efficiency, the current execution is creating the opposite: higher risk, lower resilience, and avoidable disruption for both employees and customers.

When directly questioned... certain executive leadership directly contradicts the CEOs 's thoughts and concerns on the matter and openly states they don't care. This to me says the CEO is not the one in charge anymore.

Employees who have brought in millions in revenue with decades of tenure are tossed to the side all so one executive in charge of cost cutting can get his bonus and show how many people he got rid of.

I personally remember a time when the CEO of this company looked at us as people. He once saw that we could be their very own family...thier daughters, sons, sisters, and brothers but at some point he handed over the reigns and decided to let his legacy be the destruction and upending of so many lives.

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.

Is cost-cutting only for lower bands? I know a Director who gave a sermon on cost-cutting and budget cuts happening across, and that's how he needed to "release" team members. After a few weeks, he got promoted with a big pay increase. So then, is it that no more budget issues for his team? I am seeing several promotions and pay increases for Band 5/6 and above. If the company is in such a budget-cutting mode, how come all senior levels are getting pay increases and promotions recently?

Got called by a scammer (tried to fake local accent but was unsuccessful). Said from Wells Fargo Fraud department. Wanted my credit card number to validate I was I and said had two flagged charges - one from Ama....on and another from overseas.
Long story short, during the conversation I gave scammer fake CC number. He stated this was not the correct one. The scammer had my mailing address, and the first 6 digits of my CC. This is concerning. So I afterward called Wells Fargo from the 800 number on my CC. Explained to the banker on the other end what had happened. He started laughing and said, ok why are you calling us? I stated because scammer had a lot of my ID info and that my CC was likely compromised. I said how is it that a scammer can - IN REAL TIME - validate my CC? Clearly they were logging into Wells Fargo somehow and validating. Banker said "we don't care about them, we don't have enough manpower to follow them, all we care about is you". So I gave up and asked my account be flagged as compromised - he generated new CC request for me and that was that.
However - since when does WF not care they are allowing scammers to attempt to take control of our accounts? It was the most amazing (not in a good way) conversation I've ever had with Wells Fargo.
And for this guy to state baldly "we don't have enough manpower" was absolutely concerning.
This is what you get when cut cut cut is the mantra. Customer service? Seems to be trending down.

Looking at our current structure, it feels like the 'manager-to-grass root level employee' ratio has drifted toward an unsustainable level of middle management. multiple layers of management, which creates a 'bottleneck of consensus' rather than a bias for action. To save cost and be competitive, Oracle need to flatten the org chart, empower individual contributors to make decisions, and reduce the number of 'status-update' layers.

One week it’s “focus on growth,” the next it’s cost cutting, then it’s something else entirely. No one knows what the priorities are anymore, and it shows in how teams operate. At this point, the layoffs don’t even feel shocking, they feel like the obvious outcome of nonstop chaos.

Boston Consulting Group coming back for assessments at Technology gp. Be ready!

SaaS data insight firm Dofollow.com identified four key indicators of impending company layoffs. These signs include hiring freezes disguised as "role reviews" and sudden cost-cutting measures across departments. Aggressive productivity metrics and shifts in leadership communication also signal potential workforce reductions. The U.S. economy recently saw unexpected job cuts, with 97,000 non-farm payroll jobs lost in February. Despite this, total jobs remain above long-term trends, suggesting a "rightsizing" rather than a crisis.

https://www.thestreet.com/employment/4-signs-your-company-is-quietly-planning-layoffs

The prior post was just about that town hall. The issues in this team go way beyond a useless town hall. Share your stories of bullying and dysfunction. We just lost the best engineering guy the company had. The story we heard was he got sick of the micromanagement and cost-cutting by leadership. Pulled his parachute. Vendors run us over and we can't do anything we need to. Thanks Mr. Reed for nothing.

There has been whispers for the last 18 months of at least one of the Irish sites closing to cut costs. But only one of them is actually owned (Limerick) and Cork still has manufacturing which leaves Dublin on the cutting block perhaps. Anyone else heard similar?

Turns out there was actually a real annual layoff recently, not related to the Coffee Badging thing, even though this enforcement accelerated greatly and many people were laid off for that too.

But it is odd that the annual layoff where people were let go for cost cutting reasons from the company didn't make waves on this forum at all.

They cost a bunch right away with severance and other related stuff, and then they hire new people who might be cheaper but are less productive and sometimes need two new employees to cover what one person used to do. How does that somehow equate to savings?

It’s clear Dan and the board are focused on cost and the location strategy is dead. No point having offices only 30% full and paying 100% cost. Further rifs are going to reduce sites below critical mass. So which ones are in danger?

Due to poor sales we are shutting down Topeka for a week. Here is the kicker. This is not going to be the only factory or just a one time occurrence. My understanding we are well below targets and look to have a longer shut down in July.

If you are management in Akron, you are the problem. From low manager to President.