#costcutting

I believe Verizon needs to continue building a stronger market-driven culture focused on performance, accountability, and long-term competitiveness. That means making difficult decisions when necessary, including reducing redundant positions and streamlining teams to stay agile in a rapidly changing industry. A stronger return-to-office policy is also important because in-person collaboration improves communication, training, innovation, and team culture in ways remote work simply can’t fully replace. If Verizon wants to compete and grow, the company has to prioritize efficiency, execution, and a workplace culture centered on results.

The University of North Texas approved buyouts for 40 faculty members. This action aims to save up to $4.7 million. The university faces a projected $45 million budget shortfall. Declining international student enrollment and reduced state funding caused this deficit. Officials are considering other cuts but do not expect broad layoffs.

Denton, Texas

Here we go! Time to start trimming the fat. Hang on, because the ride is about to get interesting!

What real estate is actually getting sold off?

Carter's will shutter 150 locations nationwide. The company also eliminated 300 positions. These measures aim to stabilize the business and absorb losses. Elevated product costs and tariffs impacted profitability. The Atlanta-based firm operates Carter's, OshKosh, and B'Gosh brands.

Atlanta, Georgia

https://patch.com/new-jersey/across-nj/amp/34055146/major-clothing-retailer-in-new-jersey-closing-150-u-s-stores

Whatcom County faces a looming "structural imbalance" in its next two-year budget cycle. Rising labor and materials costs are outpacing stagnant revenues. County Executive Satpal Sidhu warned employees of potential layoffs and schedule adjustments. These measures are being considered for the 2027-28 spending plan. Department heads are currently planning their budget priorities.

Bellingham, Washington

https://www.bellinghamherald.com/news/politics-government/article315647673.html

Disney executives discussed potential future workforce changes. CEO Josh D’Amaro and CFO Hugh Johnston spoke on an earnings call. The company aims to build a "culture of efficiency." They plan to shift expenses towards content and technology. Disney is also exploring AI to improve operations and guest experience.

Burbank, California

https://deadline.com/2026/05/disney-layoffs-workers-ai-culture-of-efficiency-1236882815/

Activist investor Ryan Cohen has proposed acquiring eBay Inc. He sharply criticized eBay's current operating structure and large workforce. Cohen stated that 11,500 employees do not make sense for an asset-light business. He plans aggressive cost-cutting and headcount reductions if his bid succeeds. This strategy aims to increase earnings and accelerate innovation.

https://www.benzinga.com/markets/equities/26/05/52311822/ebay-layoffs-looming-ryan-cohen-says-11500-headcount-doesnt-make-sense-fwor-asset-light-business

Coinbase is laying off 14% of its workforce. This amounts to approximately 700 workers. The company is shifting efforts toward artificial intelligence. CEO Brian Armstrong cited a volatile crypto market and cost-cutting needs. Restructuring efforts will cost $50 million to $60 million.

San Francisco, California

https://www.sfgate.com/tech/article/coinbase-layoffs-2026-sf-22242957.php

PayPal plans to cut 20% of its staff. This reduction will take place over the next two to three years. The company aims to accelerate its adoption of artificial intelligence. These job eliminations are also part of a cost-cutting initiative. CEO Enrique Lores stated PayPal underinvested in its technology platform.

https://www.wsj.com/business/earnings/paypal-to-cut-costs-after-profit-falls-dc42baf9

Every time I see this I feel like it's a thinly veiled threat that my job is an expense to be managed.

I'm assuming gunjan was having trouble with english and doesn't know the difference between expense and employee, hence why they started using "colleagues" instead to prevent slip-ups when she talks.

Coinbase announced it will cut approximately 700 jobs. This represents about 14% of its global workforce. The company cites crypto market volatility and cost reduction as reasons. It also aims to reposition the business for the artificial intelligence era. These restructuring efforts are expected to incur $50 million to $60 million in charges.

https://www.reuters.com/business/world-at-work/coinbase-cut-about-14-workforce-2026-05-05/

Because this state is driving young adults out with zero affordability. Boston rent is off the charts, it’s unsustainable here.
The governor has not met a tax she didn’t like we are quite literally being squeezed and taxed to death here.
So don’t worry you won’t be laid off you’ll just be drained of all your money here. The only reason Fidelity still has HQ here is because of her massive real estate holdings. Even billionaires don’t like to lose money.
If things don’t turn around fiscally here we all may be forced between Texas and keeping our jobs or taxes and bleeding money to stay afloat. And I’ve got fairly deep seven figures invested and I’m worried!

The more layoffs there are, the higher the stock price goes.
Even if another half the workforce is cut, it doesn’t seem to affect the capitalists’ ability to make money—although the product keeps getting worse and the service keeps deteriorating.

Stockton University has initiated a voluntary buyout program for employees. Professors and select managerial staff are currently eligible for the offer. This move aims to curb expenses and ensure the university's financial stability. The institution faces challenges including declining enrollment and proposed state aid reductions. Staffing costs account for 61% of Stockton's annual budget.

New Jersey

https://www.nj.com/atlantic/2026/05/nj-university-rolls-out-staff-buyouts-amid-lower-enrollment-proposed-aid-cut.html

7-Eleven is implementing a cost-focused transformation. The company aims to streamline its organization. This process has led to difficult decisions and staff changes. Many employees have posted about their departures on LinkedIn. The goal is a stronger, more competitive business.

Irving, Texas

https://cspdailynews.com/company-news/workforce-changes-emerge-7-eleven

Northrop Grumman recently reduced positions in the Baltimore region. These layoffs stem from shifting program demand within its Mission Systems division. Analysts indicate a specific contract was either pulled or reduced in scope. The company confirmed a "small number" of employees were affected. This action is not considered a broad cost-cutting measure.

Baltimore, Maryland

https://www.msn.com/en-us/news/us/northrop-grumman-layoffs-in-baltimore-seen-as-limited-by-analysts/ar-AA22bC0J?ocid=BingNewsVerp

Coming soon to an office near you: widespread layoffs dressed up as “performance decisions.” Don’t expect generous severance packages or smooth exits. Companies are increasingly looking for ways to avoid those costs altogether. Instead, they’ll build a case against you.
Return-to-office mandates, shifting performance metrics, evolving skill requirements, incomplete trainings ... Anything &everything can become the justification. The bar will keep moving, and the reasons will keep changing. What used to be acceptable yesterday may suddenly be labeled inadequate tomorrow.

This isn’t always about individual performance and it’s often about reducing headcount while minimizing financial and legal obligations. The strategy is simple: create enough documented “cause” to make departures look justified, even when the real motive is cost-cutting.

In this environment, job security isn’t just about doing your work well. It’s about staying alert to how the rules are being rewritten around you.

It's just a matter of time my friends.

The reality is that T has far more FTEs than the other guys. I totally get the need from an operating expense perspective to reduce headcount but the reality is the work still needs to get done. Having said, that contractors will be where the work ends up so there are still jobs out there, probably working for a company with a less toxic environment.

Too much fluff for roles that don’t directly add to revenue generated and the bottom line, and hence must be cut.

Comment if your manager is worth saving, and why?

Checked with claude, they may save $600 M per year ongoing basis if they get rid of 10 percent people.

They are paying double for Mainframe and Cloud. Also schwab is much leaner at just 35k employees.

They may want to hire talented developers who recently laid off from Amazon or Meta.

Salary and benefits are likely the biggest drivers of these cuts, people talk tech and AI but I am not sure if these are primary drivers... Anyway we (and others) may use opaque AI tools to hit cost-cutting targets, which can overlook performance, tenure, and so needed knowledge. High earners (even strong managers) can be cut simply because they just cost more.

Not sure how much we can change here but we can be ready. Polish your resume and stay alert. Leadership answers to shareholders not us, and layoffs are often the fastest way to cut costs when stock performance drops...

I know most of you are already aware, so I am preaching to the choir.

They've been telling you all that there are more coming. More outsourcing. More cost cutting.

The worst thing to happen to Bnsf railway was , " Berkshit Hathaway". Trading peoples livelihoods for profits. No different than when they were burning people out of their homes back in the day to lay tracks !!!

If you look, you can see what’s going on. Management not really enforcing 5 day RTO. Snacks/eggs not being restocked. Soda/coffee/water machines taking days to refill.
The company is feeling the cost squeeze of offering those things now that they have to save for the new .
So they look away on you coming in 2-3 days, and you look away on all these amenities they lured you back with.

AI and shifting supervisory roles to lower cost regions like India can significantly reduce operating expenses in call centers. AI tools handle routine inquiries, automate quality monitoring, and assist agents in real time, which cuts down on staffing needs and boosts efficiency. At the same time, outsourcing supervisor roles to India lowers salary and overhead costs while still maintaining 24/7 coverage and scalability. Together, this combination allows companies to streamline operations, improve response times, and maintain service quality at a fraction of the traditional cost.

All this AI push to make Shell better is just lip service by so-called leaders wanting to save money with reduced headcount. Before long, there won’t be any employees to buy their products. It’s laughable that YL and his merry bunch of “leaders” think employees are stupid enough to believe it’s anything else.

CVS Health is reducing 313 positions within Aetna's small group insurance business. These cuts are part of a broader $2 billion cost-cutting initiative. The initiative has already eliminated approximately 1,500 Aetna positions since late 2023. The affected roles are located in Connecticut. Roles from analyst to executive director in sales, underwriting, and account management are impacted.

Connecticut

https://medcitynews.com/2026/04/ai-driven-layoffs-in-healthcare-navigating-legal-risks-and-operational-challenges/

They got rid of the people who make or save most of the money. Why? Because when it breaks they can say “see how bad it was and we exposed it…good thing we were here to fix it” as a way to continue to self promote and buy more tenure and money. It’s a playbook commonly used.

Then, when the time comes they cannot produce, they will leave and the problem becomes someone else’s issue. That or they have to hire back the people or roles. When you remove the people who were most important to your success you get where Nike is today. Just wait until spend increases and there are no people or vendor spend left to cut.

Hear Elimination of HO/Upstream/Facility Service Regionals , Downsizing FS Manager Qty and streamlining to less directors. Overhead cuts look to be on Horizon......

Yeah, Chevron spends too much on consultants - totally agree. But since this genius reorg there's no one left to do the actual work. Now ELP has to be the guardians of anyone and anything who may use a consultant - oh, except for all the exec consultants who are out of scope. You know, the brilliant folks who designed this mess. $crew you, ELP, and a big eff you to ES.

Rogers Communications Inc. RCI-B-T +1.10%increase
is offering voluntary departure packages to 50 per cent of its employees, excluding Maple Leaf Sports & Entertainment, as telecom industry revenue growth has slowed across the industry and as companies look to shed costs.

They moved half our team overseas last year and the quality dropped immediately. But they saved money so nobody cares.

German manufacturer Gerresheimer Glass Inc. will close its Illinois facility. This action will lead to 172 worker layoffs. The layoffs are set for September 30. Production will shift to plants in Italy and India. The company aims to reduce costs and improve performance.

Chicago Heights, Illinois

https://www.pjstar.com/story/business/manufacturing/2026/04/26/illinois-loses-manufacturing-business-and-employees-to-be-laid-off/89773546007/

Why the WAEM survey is done immediately after the performance harassment cycle , when people are already dealing with the stress of ratings and calibration. Each year, management highlights a few focus areas, but after the results are announced, those topics rarely surface again in team discussions. Given the current cost‑cuttings activities why this one continues? Just don't do it and save money

Amid budget constraints, Verizon stopped issuing new tokens..
sooner and later, most companies will catch up to the fact that how fast cost of AI will stack up compared to Human salary.

PHK stands for Pemutusan Hubungan Kerja, which means termination of employment or layoff in Indonesia. It signifies the official end of a working relationship between an employer and an employee, often due to company cost-cutting, restructuring, or closures, particularly in sectors like manufacturing and tech.

And it's deliberate, because talent costs money. But people are the foundation. Everything else can be replaced or fixed. That can't. Especially if you’re gunning to stay on top.

Stock down 25%

Are we going to have layoffs next week?

Maybe replace SP with AR. Our life insurance policy rebrand is driving the company to failure. Could make former frontier exec take AR’s place and save big $$$ that way instead of cutting heads. Could also cut marketing operations too, their headcount will save a few million $ annually.