#costcutting

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.

Vistagen Therapeutics announced a roughly 20% workforce reduction on March 5, 2026, to cut costs and prioritize resources for its social anxiety nasal spray, fasedienol. This restructuring aims to extend the company’s cash runway while advancing its ongoing pipeline, specifically the PALISADE-4 Phase 3 trial.

https://uk.investing.com/news/sec-filings/vistagen-therapeutics-reduces-workforce-by-20-percent-to-manage-costs-93CH-4552464

Let’s rolled out a plan that generates no money and reps just adding a line to the second IMEI just to get a line with no usage.

the bloody cuts from the end of the year aren't enough.

"For 2026, the company expects normalized operating margin of 8.6-9.2%, with the midpoint representing a 50-basis-point (bps) improvement from 2025. Most of this expansion is anticipated to come from lower overhead expenses. The productivity plan is also projected to deliver more than $75 million in year-over-year savings and reduce overhead by nearly 100 bps, as a percentage of sales. These savings will support Newell to offset inflation and higher tariff costs while supporting increased investment in innovation without compromising profitability."

They gutting Poly persoanl world wide hiring cheaper hires.

Warner Bros Montreal has experienced an unknown number of layoffs. This occurred amidst the acquisition of Warner Bros by Paramount Skydance. Employees shared news of their cuts on LinkedIn. The layoffs affected various departments, including producers and designers. Cost-cutting efforts are common during major company acquisitions.

https://wccftech.com/warner-bros-montreal-hit-with-unknown-number-of-layoffs-amidst-paramount-acquisition/

If an entire online retail sector is bleeding money and racking up consistent losses, why are we still pouring resources into it? Why can’t we let those employees go or redeploy that talent pool into areas where we actually make money?
Our prices are noticeably higher than the competition’s, and we’re a pharmacy company at heart. So why does anyone seriously believe we can go head-to-head with retail giants and win customers?

A TV has been installed on each floor of my garage that shows me a lot of squiggly lines that are meant to convey something or other. We're either the best garage ever, the worst, or we're somewhere in the middle - I'm not sure.
More well-spent money to keep these bean counters, who can't even convert data into an understandable format, on our payroll while gutting essentials. [insert-eye-roll-emoji-here] But, it is a great apple-to-oranges comparison of dissimilar areas that pose their own unique, incomparable challenges.

https://www.reuters.com/business/world-at-work/meta-planning-sweeping-layoffs-ai-costs-mount-2026-03-14/

Great article on the Hill about how RTO initiatives are sabotaging productivity because the office is a noisy, distracting time-su-k:
https://thehill.com/opinion/technology/5775420-remote-first-productivity-growth/

But as we all know, BB's motivation for RTO was never about productivity; he's trying to drive attrition so that he can get costs down and sell off the parts for cheap:
https://www.itpro.com/business/business-strategy/business-execs-just-said-the-quiet-part-out-loud-on-rto-mandates-a-quarter-admit-forcing-staff-back-into-the-office-was-meant-to-make-them-quit-but-this-quiet-firing-practice-could-easily-backfire

It's coming - Exclusive: Meta planning sweeping layoffs as AI costs mount | Reuters https://share.google/MVojTS4lM4QvvO5Ae

Dearest gentle reader, it has come to this author’s attention that all is not glittering in the oil patch, particularly within the cold, steely walls of Chevron.

While the company boasts of record-setting efficiency, measured by colorful scorecards that are all the rage this season, the loyal workers—those remaining, at least—are being squeezed until they are positively breathless, expected to drive performance while looking over their shoulders.

'Tis whispered that the infamous leader, the Cryptkeeper himself, MW, cares not a wh-t for the human cost of his grand ambitions, treating seasoned staff as mere overhead to be deleted, rather than the lifeblood of the enterprise, as he searches for his next low-cost geography “Diamond” of the season and incessantly prods his subjects to most expeditiously dispatch labor abroad.

With thousands of souls reportedly cast out in a relentless drive to slash costs, one wonders if the "Human Energy" touted in this company’s advertisements refers to the energy it takes to flee the sinking ship, or perhaps, the sheer audacity of laying off much more than the reported 20% of the workforce, while demanding more with less.

The atmosphere, by all accounts, is less "energy giant" and more "relentless harvester," leaving one to wonder who, if anyone, will be left to turn out the lights in Houston.

Fear not, gentle reader, for there is much more merriment to share. The ton demands it, and we shall oblige. I leave you with this juicy riddle: who is the Diamond that shines so bright—albeit unnaturally—that he lights up the dark halls of the Houston dungeon and is—dare we say this—in an entanglement? One hint: Chicklets

Oracle 10Q (March 2026)
ORACLE $2.1 BILLION IN RESTRUCTURING ACTIVITIES

RESTRUCTURING ACTIVITIES
Fiscal 2026 Oracle Restructuring Plan
During the first nine months of fiscal 2026, our management approved, committed to, initiated and further supplemented plans to restructure and further
improve efficiencies in our operations due to our acquisitions and certain other operational activities (2026 Restructuring Plan). The total estimated
restructuring costs associated with the 2026 Restructuring Plan are up to $2.1 billion and will be recorded to the restructuring expense line item within our
condensed consolidated statements of operations as they are incurred through the end of the plan. We recorded $156 million and $982 million of
restructuring expenses in connection with the 2026 Restructuring Plan for the three and nine months ended February 28, 2026, respectively. Any changes to
the estimates of executing the 2026 Restructuring Plan will be reflected in our future results of operations.

https://investor.oracle.com/sec-filings/sec-filings-details/default.aspx?FilingId=19237933

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001341439/751a926c-6f62-4baf-8f51-80cbcafdc616.pdf

We have so many people whose whole job is collecting updates from those of us who do the work and presenting them somewhere else. They don't add anything. They don't do anything. They just take the work, repackage it, and hand it up. Cut them all and nothing would change except maybe things would move faster.

here is the break down
$1.6 billion restructuring programme,

Phase 1 (Done) ~10,000 layoffs , $961M - this was late 2025

Remaining
Phase 2 (Now March-May) $639M

if they layoff from low paying areas then yes 20k is still to go , if its higher paid areas
then number will be lower , will see

what do you think ?

Heads up: My manager said upper management is actively pushing to fire people to save costs and told us to “get ready for the worst.” I’ve been here 5 years, and while last year I didn’t meet some performance metrics, I have documentation showing the assessment isn’t fully accurate. My manager even admitted the pressure is coming from above.

Is anyone else seeing the same thing? Thought we should share experiences and be prepared.

eBay will cease social media support for sellers on March 11, 2026. The company is shifting towards AI-powered self-service options. This follows recent layoffs and moving support positions overseas. Sellers often found social media representatives more helpful. eBay aims to cut costs by expanding AI customer service solutions.

https://www.valueaddedresource.net/ebay-drops-social-support-us/

Unless Nike cuts down paying the ridiculous amount of money to corporate/tech employees, it is hard to balance the books with how much sales are happening. It needs to take just one-shot, and clean the mess of both cost and productivity, and a clean restart/resuscitate, but unfortunately, what is happening now is the slow and prolonged death. A typical principal costs approx $400 to 450k for Nike, in some case, as much as $500k for a shoe company, well for a niche shoe company - (bonus, espp, bonus, stock awards, medical, 401k, and other benefit) and it is paying as much as a tech company, and more in some cases for the same role. Typically, the going price for a principal can be cut down to half of this, even if they outsource it to outside of Oregon within US...and when it goes to ITC, it will be just a tiny tiny drop in the whole bucket of money... and yes, the stock price may possibly pick up at that point...and it is unfathomable even to speak about the total package cost to the company for directors, sr directors, svps, vps, who are just layers after layers who all - never do the right thing and never do anything!

A $300M reorg charge will be taken. I take it this is for more than just the distribution center closures that were announced.

AI isn't taking people's jobs. Here's what's really happening

Oracle's layoffs show that the people losing jobs aren't losing them because AI can do their work. They're losing them to money spent on chips and data centers

https://qz.com/ai-layoffs-white-collar-jobs-oracle-capex

Oracle plans to cut up to 18% of its workforce. This move aims to reduce costs and fund AI infrastructure. The company canceled a major AI data center expansion in Texas. This project was planned with OpenAI. Oracle is reassessing its AI capital needs and operational priorities.

https://simplywall.st/stocks/us/software/nyse-orcl/oracle/news/oracle-resets-ai-ambitions-with-layoffs-and-canceled-texas-d

Reality check: Frontier AI only handles ~2.5% of real remote freelance jobs per the RLI study.
Paper: https://www.remotelabor.ai/paper.pdf
Video breakdown: https://www.youtube.com/watch?v=z3kaLM8Oj4o
Nonstop AGI hype looks more like a convenient excuse for mass layoffs and cost-cutting than actual progress.

Compass International Holdings initiated layoffs. One hundred ten jobs were cut in Madison, New Jersey. These reductions follow its recent acquisition of Anywhere Real Estate. The company aims for "cost synergies" after the merger. Compass plans to achieve significant savings over three years.

Madison, New Jersey

https://therealdeal.com/national/2026/03/06/compass-post-merger-layoffs-are-here/

Especially since they cut the perks at work :(

Layoffs today, orwide. The new overlords want their money!!

BB seems to lose money by tearing things down to rebuild them. In 2021, he bought a $7M house on a Florida golf course and demolished it, building a new multi-million dollar home in its place. In the meantime, he bought a $4.1M condo to live in, which he dropped a ton of money into renovating, and sold it for $3.1M to move into his newly built home. Wasting money tearing things down - is what he's doing to 3M?

He will sweep UHC American Technical jobs all to India, with Steve saving money for the shareholders and collecting his big Bonus for cutting cost at the expense of American Workers. Walkout March 27 -- Stop work. Hit them on the bottom line.

Seriously, outside of short-sighted and short-lived cost cuts, has there ever been anything positive that can be associated with layoffs? We've been having one layoff after another, one restructuring after another, and nothing improves. In fact, it's the opposite. So what's the point?

How many jobs did it cost to pay for the new RedBull sponsorship deal?
How many bonus won’t get paid to send the execs to watch F1 races this year?

I prefer when there are rumors going around than the complete quiet on layoffs. Makes me think we're about to be hit by a major storm. I hope I'm wrong, but with everything happening in the entire industry, I wouldn't be surprised if major cost cutting is in our near future.

KYC layoffs within Miami, Fort Lauderdale, and Tampa locations today. Offshoring the work to Costa Rica while there they struggle to work through the cases leading to greater customer impact. All in the name of cutting costs, right?

Are they so stupid to think AI or somebody in India or wherever can replace that?

https://nypost.com/2026/03/02/business/hbo-max-paramount-set-to-be-combined-into-one-streaming-service-after-hollywood-merger/

6 billion in cost cuts

Paramount is acquiring Warner Bros. Discovery in a major deal. The acquisition is valued at $111 billion. This merger is expected to result in thousands of layoffs. Paramount identified $6 billion in cost synergies. The deal is projected to close in fall 2026.

https://www.avclub.com/warner-bros-paramount-deal-layoffs-110-billion

Angi confirmed it is eliminating around 350 positions as part of a plan to cut operating expenses and optimize its structure. Officials said advancements in AI have helped enable the workforce reduction.

https://www.businessinsider.com/angi-layoffs-angies-list-cuts-350-jobs-ai-efficiency-gains-2026-1

Every single one of us will get swapped out once someone cheaper shows up.

We have so many people whose only job is making slides. Same information, different font, new graphics. They add nothing. Cut them all and we'd probably get more done without all the meetings about the slides.

After watching most major auto companies slash jobs, it was probably naive to think we’d avoid it. But 20 percent is steep. I guess we’ll see how it unfolds, though cutting staff to make up for tariff losses feels like the easy answer, not the right one.