Below are all the posts — topics as well as replies — that mention the hashtag #costcutting.
Mention #costcutting in your post to continue the discussion!
Layoffs Hit Bloomsbury US Children’s Division
Bloomsbury US has eliminated five positions in its children's division as part of what the company called “a strategic shift toward publishing a more...
https://www.publishersweekly.com/pw/by-topic/childrens/childrens-industry-news/article/98490-layoffs-hit-bloomsbury-us-children-s-division.html
Publishers Weekly
Aug/26/2025 08:24 PM
Location: New York, New York (Bloomsbury US HQ)
Chubak cut thousands at Citi took his payday and came here to do the same. Citi has already hired people back after paying them severance reversing his mistakes. How long will it be until EJ hires people back? Of course DC will have moved on to the next company willing to throw money at him to make the same mistakes.
Elevance's stock price continues to plummet and yet we still have the d-mb a--holes running this company from the board and senior VP levels. At what point can we get rid of these people? It feels like a tech company extracting anything of value out of the company before selling it to the highest bidder right now. Nothing works, nothing changes but the same recycled, terrible ideas from upper "leadership". Gail is a fu--ing problem and yet she still makes her 20 million + in bonuses while layoffs and AIP cuts happen. When is enough, enough?
https://www.ehn.org/forest-service-layoffs-cut-10-of-agencys-workforce
If you’re not very actively looking you’re being a fool. They are going to find every conceivable way to push you out. Questioning your scope, doubting the need for headcount, pretending to not understand functions that have existed for years and are crucial - all to hit a stock price. Opps exists solely to destroy as many lives as possible. HR is just legal cover so they can pretend there’s a “peocess.” There will be devastating layoffs in September, followed by nonsense where they choose 15% people they don’t think are cool enough (because IBM is basically a mean girl club in a jr high school) to not get bonuses hoping for attrition,, followed by more debanding - hoping for attrition, followed by a five day workweek hoping for attrition, followed by another round of devastating layoffs - which probably just barely gets us to next summer. “Operations people” at IBM are subhuman filth who only care about hurting as many of you as possible. Protect yourself. Protect your children. Get out. That has to be your full time job. Just get out.
Not sure why I still waste energy worrying about layoffs. They're basically a given at this point. Leadership made it clear - more cuts and “savings” are coming through the end of the year. That means stay ready, keep some savings if you can, and always have an eye out for other options.
No point in stressing, it's out of our hands.
was stuck in a GTO security meeting with a VP, an SD, and a D who were completely clueless about security. Honestly, my 12-year-old knows more than these muppets. I get it, though. They probably got roped into this gig after the CISO and the whole team were shown the door to save a few quid. "Who needs a security team? They're just a drain on resources."
I won't spill the beans on the meeting, but let’s just say it involved an HR, ethics, and legal issue that any other company would take seriously. Here? It was all about blaming the victim. When I asked security to check reports or audit records, they shrugged and said they don’t keep those. Really? That’s a load of rubbish. The last security team handed me a year-long report detailing profile baselines and behaviour deviations.
The current GTO security crew is either completely lost or they've slashed costs so much they can't even run the show anymore.
Our Macy’s hasn’t had the paper bags with handles in weeks. We’ve only had paper bags with no handles. This happens a lot at our Macys. It’s bad enough that we have to charge 5 cents for the paper bags with handles. I’m not charging for the paper bags with no handles. They provide us with straps, garment bags & reusable bags for a $1.00 though. Customers aren’t happy sometimes after buying & paying so much for their items that this is all we have. Are any other Macys running into the problem of no paper bags with handles in their stores. Was just curious.
Leadership seems completely focused on short-term gains, cutting costs wherever they can, and keeping stock prices up for the moment. Employees feel like replaceable parts, and it’s clear that long-term health of the company is an afterthought. There’s no sense of investment in people or the future here.
Is that the end goal?
After closing hundreds of branches through merger and project star, the latest bright idea to save the bank is to build hundreds of new branches lol. Analysts (particularly Mike Mayo) promptly p-o-p-o these plans as too little too late, pointing out the plan doesn’t actually solve for the banks primary issues.
Looking in my crystal ball, I can see in ~ 2 years time we will have new leaders whose “bold” idea to save the bank will be to consolidate/close branches.
Sorry I’ve been hiding inside a bubble, but d-mb question…….Could someone please tell me exactly why they are doing these layoffs? Seems to be so out of the blue especially when they get rid of the ones that are very knowledgeable and valuable to this company
https://www.aboutschwab.com/leadership
Look at all those smiling faces!! Happy, rich & convinced they work harder & deserve more than everyone else! So proud & accomplished as they send out surveys to support planned pay cuts for everyone but themselves & their club.
Let’s vote here (where our voices actually count just as much as they do at CS):
Which EC member deserves a pay cut the most??
https://www.businessinsider.com/att-help-desk-manager-relocation-stankey-memo-2025-8
As a cost cutting measure both sites are now under one leadership team. The next step is to start eliminating duplicate roles.
Get ready for a wild ride
Envision group being gutted. Losing over 20 people and Foodbuy eliminating about 30. Most were long tenure associates with over 10 years of service with compensation over $120,000
Is it true due budget cutting?
https://wccftech.com/intel-xeon-6-6980p-hits-a-record-low-price-of-6190-half-the-official-msrp/
This could be half the official headcount
Both will cut costs. And AI will work around the clock with no complaints or recurring expenses. Loki knows the score.
I did not believe it before but I do now. In years past exxon would pip a variety of employees. I saw the old,young,men ,women,minorities and whites equally piped. Exxon took care to have a diversity in the piping. This year I at 54,another at 56,one at 63, another at 61 and last one at 64 years of age were nsied. We were all male one minority and the balance white. No women were nsied in our division. All of our performance issues were due to age,CL and high pay. I can say everyone of us out performed the younger employees in our groups. Well it is working because all the retirement eligible employees are leaving and I have to stay a year till 55. It has never been this apparent that exxon was targeting the old. One thing good about this is at least they did not nsi the vulnerable employees in their 40's. We oldies can afford to leave and will take one for the team. Remember youngsters you will be old one day too. What ever happens to us will someday happen to you so prepare for it. You have been warned.
Heard that around 8-10 onsite Scrum Masters (contractors) in MPS (Elavon) were laid of this week (last day Aug-29th). What could be primary reasons?
The cuts span 44 sites in central and southwest Minnesota.
https://www.startribune.com/st-cloud-based-centracare-laying-off-535-employees-amid-rising-health-care-costs/601454029
https://www.aol.com/peloton-beats-expectations-announces-further-212747746.html
Peloton shares rose after the company reported surprise quarterly earnings, driven by higher sales and cost-cutting measures, while announcing it will lay off 6% of its workforce as part of a new restructuring plan. The New York-based fitness company aims to save at least $100 million by fiscal year 2026 through reducing its global team, cutting indirect spending, and relocating certain operations, with about half the savings expected from the layoffs.
This latest reduction follows larger cuts in recent years, including a 15% workforce reduction in 2024 (about 400 positions) and about 1,300 job losses in 2022. While Peloton’s stationary bikes and treadmills saw huge demand during COVID-19 lockdowns, sales have steadily declined since 2021 as gyms reopened and customers returned to pre-pandemic routines. The company now anticipates falling hardware sales and fewer subscriptions to its fitness software products
whitford corporation (ppg industries) – elverson, pennsylvania – specialty coatings manufacturer – closing plant at 47 park ave. – 82 employees affected – layoffs between august 19, 2025 and december 31, 2026 – operations cease by january 15, 2027 – full closure by march 31, 2027 – part of global cost-reduction initiative – severance and transfer opportunities available
whitford corporation (ppg industries) – elverson, pennsylvania – specialty coatings manufacturer – closing plant at 47 park ave. – 82 employees affected – layoffs between august 19, 2025 and december 31, 2026 – operations cease by january 15, 2027 – full closure by march 31, 2027 – part of global cost-reduction initiative – severance and transfer opportunities available
Beasley Media Group has carried out a new round of programming layoffs, affecting program directors and on-air talent in markets including Boston, Philadelphia, and New Jersey, just days before its Q2 2025 earnings release. Among those impacted are former WDHA Program Director Terrie Carr, who described her dismissal as a “one minute phone call,” and high-profile host Mike Missanelli, who had recently returned to Philadelphia’s 97.5 The Fanatic. The scope of the reductions is still unfolding, with notifications continuing through the day. This marks Beasley’s second layoff wave of the year, following cuts before its Q1 results.
The moves come as a cost-cutting measure amid ongoing revenue declines. Beasley’s Q1 revenue fell 10.1% year-over-year, resulting in a $2.7 million loss compared to a small profit in Q1 2024. Digital revenue, however, rose to 22% of total income, with operating income margins improving significantly. Q2 revenue is also pacing down 10% per management guidance, leading the company to trim traditional programming roles while continuing to invest in digital operations. The company is scheduled to release its Q2 earnings on Tuesday.
Am I alone here in saying that I've been run ragged for months and the heat keeps getting turned up? I'm so stressed out.
Each time I get through a new hurdle of some monstrous new process and weeks of back to back meetings, I get notified of something worse. And expectations for cost cuts with no defined process and several layers of teams that will turn the ideas down.
I feel like they are trying to break us.
All I'm seeing is panicking, fear, knee je-k reactions, finger pointing and extreme demands. Endless classes, requirements, special projects, release dates being pulled back, endless meetings and people in my group phoning it in while I'm being pushed over the edge.
I looked for jobs. Where are they??? If I do find anything remotely compatible with my interest, skills and experience, it pays 60% of what I'm making at GM. I feel trapped and abused.
Am I alone? Does this feel horrific to you too??? I've never seen anything close to this, even during the 'great recession'. What is the answer here?
PS With everything going on and the bad decisions from managers, it seems like GM is DOOMED.
IDM 1.0 Product groups benefited from having access to lead nodes (ahead of what other companies could access), to the point that the fabs were run as a loss-leader, with max emphasis on output and yield over cost.
This led Finance to grind their teeth but no one cares about that.
It seems clear that external customers want Floundry to be a separate company from Products, because of the concern over IP sharing and wafer start conflicts.
But that leaves Product groups with low margins when they rely on lead nodes from TSMC. This is because they no longer have pricing power and that will only worsen over time as x86 is supplanted by ARM.
So Product groups NOW need Floundry to be a more cost effective supplier TSMC (and close to leading node). This was the point of IDM 2.0.
MJ tried to mumble something about this in a more positive light, but the reality seems clear enough.
What this likely means is deep cuts in Floundry spending, as that group gets real about the capacity needed for the pace of customer onboarding which is possible.
The pushout of Ohio and halting of other projects shows the effort is underway to rationalize capacity to demand.
Pat was pushing to do a full buildout, which only made sense if he was able to bring high volume customers onboard.
A smarter approach would have been to do no greenfield projects.
Just add a few mods and wait for customer growth to justify Ohio and Germany.
This is what appears to be the current plan (much to Pats deep chagrin)
Next is to slow down the ramp, and stop building speculative capacity.
The company has being driven into the ground by reckless expansion and it must stop.
So at the existing facilities, that means fewer tools, which means less headcount. Attrition may be sufficient.
It seems possible that a few HVM fabs could be spun off into an independent company, to satisfy external customer concerns.
Considering how few customers there are, that could just be at one site, like Ireland or something.
For Product groups, it is way past time to stop projects and groups that have no roadmap to profitability.
Because that x86 market share, it ain't coming back.
If Product groups need the combined margins then they will have to retain some fabs in the same company, and likely TD as well, in order for it to be funded.
So the big surprise of 2025 may be that the company is not particularly broken up, but that the fabs are broken up, in order to sustainably serve the needs of internal and external customers.