#headcountreduction

7% to 9% headcount reduction expected to be announced August 12, 2026.

Is this correct?

1. They’ve been delayed to add more names to the list.
2. But they’re ready to go now. Week of 4/27.
3. Leaders have been asked to provide team productivity data.
4. I heard 10% and 20%. Worst number was 40% (of PHK Tech, not Global), probably over several waves.

Last time I checked they were making 3 billion in revenue, I think the goal is to shrink the total employee count to 7000.

I only see a few options.

1 - Keep under performing as a smaller, poorly managed Oil & Gas company?
2 - Buy something, incurring more debt?
3 - Sell all or part of Ovintiv now that Anadarko is closed and add in a heavy haricut to reduce headcount?

Good luck everyone.

What you see in news is vastly exaggerated. Cost reduction target is 20% - achieved through head count reduction in high cost countries -us employees took the brunt.

Imagine this scenario. You get PIP’d, then work hard to pass it. Bring up your ranking the next 3 years. Think you’re in a good spot. Then in year 5 some manager says, “we need to cut headcount, find anyone that’s been PIP’d once in the last 4 years and we’ll knock them out this year with a PIP.” All the hard work wasted. Just another lever for the company to pull when they want to accelerate the headcount reductions.

Bumping this up for visibility. Found at @b2+1knpqre16.

Finance, IT and HR have 40-50% headcount reduction targets by 2030. Expect 5-10% "performance" cuts each year, very few backfills and a ROM 2028-2029.

I wish they would land on a criteria and stick to for more than a year or two. Must be trying to get rid of some NRE folks. More headcount reductions to come...

The layoffs keep happening over and over again but somehow the same useless people always remain. You know the type. The ones who've been here two decades, add nothing, and have mastered the art of hiding. They need to go, ASAP. Cut them and bring in people with current skills and actual energy. Fresh talent, not the same old faces doing nothing.

Target began laying off corporate employees. The retailer cut 1,000 positions and eliminated 800 open roles. Affected staff received notices via email and virtual meetings. Employees were instructed to work remotely this week. This restructuring follows declining sales and profits.

https://ingstadmedia.com/target-layoffs-begin/

The next wave will start soon.

How many were laid off in the end? 12 k with another 18k to go or have all 30k been notified already?

Curious where it's at...

rumor is a potential 25% reduction in headcount at legacy BD/ADx. does anyone have any details?

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.

While this doesn't tell us the exact number, we saw 775 jobs cut in supply centers, so the figure will probably be less than that, especially since tech cuts turn around higher cost reduction per head than distribution centers.

Starting tomorrow at 8:00 AM ET, I will be executing a significant organizational restructuring involving a 20% headcount reduction across our team of 400. Following directives to stack-rank based on organizational impact, I am responsible for conducting the separation calls for approximately 80 personnel, many of whom are close peers and long-time collaborators. This transition comes at a critical juncture, as my org is currently managing a large volume of high-vis projects while operating at maximum capacity. Ugh. Such is life. I fought with myself long and hard before coming here to post this but felt the need to further validate what’s going down. :( good luck to all you brave souls, I wish you all nothing but the best

thats about 10-15% of total workforce in canada that was huge !

Until now canada is done , mexico is done ( at least for this round )

Combined about 1.5k+ layoffs

If the 20-30k number is correct IDC and US will be HUGE

How many are you expecting? Maybe they will run this on multiple months and more are to come to mexico and canada again

I've been watching the number closely, and it had been going up, but as of Saturday 3/28, 6:40 AM - down to 165,527. Around 1600 people less than the last time I looked.

Buckle up - maybe Tuesday the 31st is really the day.

Hearing confirmed from senior leadership that layoffs will be impacting the Database org over the coming weeks, ~2,900 roles in total.
It looks like this will roll out in phases, starting with US and then extending to EMEA.
From what's being speculated, areas most impacted include redundant roles (code fixing and ai replaceable tasks), parts of platform, as well as functions tied to performance and time-based metrics.

Do we have a ballpark figure?

Scrutinize, double scrutinize and triple scrutinize each and every engineer, especially the dead wood at Grade 10 and above. Most of them are needless overheads and only serve to drag the company down.

This is the ERA of AI assisted development. Leverage AI and eliminate DEAD WOOD.

From my LinkedIn feed:

I used Claude Code to create a new HDL and vibe coded a compiler in a couple of weeks of my spare time. (Yeah very little left after a busy day at work ;-) ) Now I am very certain say 80% likelyhood we won’t need half of design or verification engineers in max two years from now. I think we’re going back to a full stack frontend engineer model again. For a medium complexity accelerator chip, you need 1 architect, <10 AI native frontend engineers (doing design, verification, synthesis, timing,) 2 verification/emulation specialists for integration testing. I don’t know enough physical design to predict there.

The Algorand Foundation laid off 25% of its staff. This decision stems from the crypto market's decline and economic uncertainty. The organization stated it was an incredibly tough decision for them. It aims for a more sustainable alignment of resources with its priorities. The foundation remains focused on protocol development and ecosystem growth.

https://finance.yahoo.com/news/algorand-foundation-cuts-25-staff-210002272.html

Who can tell me what project North Star is? I've heard rumblings it will be massive headcount cuts in Houston. Anyone with details?

Do you think at this stage, given the scale of redundancies already undertaken, that we are relatively safe from the 'sweeping layoffs' being announced elsewhere? No mo--nic responses please.

The number is larger than we assumed, so it's going to take some time to figure things out and set everything up. This'll be another long wait.

A few days old news

https://www.retaildetail.eu/news/fashion/nike-pulls-the-plug-on-411-jobs-in-laakdal/

doubt LT or HR is reading posts from this site, but they probably should

regardless, maybe they'll stumble here and read this 4 sentence summary from the last 14 days of posts here.
yes, they should be getting a rolling 14 day feed to their inbox daily, but probably can't figure out how to do that, or if they even care, tbh

well, here it is anyway:

The Nike employee community is currently defined by a profound sense of anxiety and a breakdown in trust, as workers brace for rumored "March-April" layoffs.
Morale has plummeted due to a perceived lack of clear communication from leadership and a declining stock price that employees feel reflects mismanagement.
Many staffers report extreme burnout and a toxic environment, leading some to openly wish for voluntary severance packages just to escape the company.
Ultimately, the consensus reveals a workforce that feels undervalued and deeply pessimistic about Nike's future identity and stability.

Employees of Intel not in alignment with RTO will begin to be culled starting in April.

If they email it, who does it come from and how do they even know you read it?

The plans are in the final stages for a MASSIVE Layoff of all H1-Bs from TCS North America. This is due to huge pressure from the Trump Admin for any and all suppliers to the US government to eliminate ALL H1-Bs from payrolls if you want to be a supplier to ANY DERIVATIVE government agency, you need to eliminate all H1-Bs from your payrolls.
That means there will be an ELIMINATION of all H1-Bs from TCS USA payrolls.
Most H1-Bs should plan on moving back to India or wherever you were sponsored from as things are about to get very ugly.
This action is due to TCS aggressively eliminating US citizens and replacing them with cheap slave labor from India or wherever they were sponsored from.
Goodbye H1-Bs, you had a good ride but it’s over now.

Ship it all to ITC but…..

1. They don’t care about the brand.
2. They don’t care or know how to serve the athlete.
3. They’re not awake when their customer (the biz) is.
4. They work bare minimum and are not proactive.
5. Laying off long time Fte sec folks who gave their all but had horrible leadership and a lousy product and vendor to work with is cold. Accenture su-ks….
6. Sales and innovation su-ks so definitely cut, but creating jobs in ITC for folks who will not be held accountable for anything is a money su-k.

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 ?

Keep an eye out for a "Important Business Update" appointment scheduled in your calendar on a Monday or Wednesday Evening. If you see that, you will be RIF'd the following morning. Your computer is locked almost immediately after you are notified, so if you have stuff you want on it, disconnect it from WIFI so you can pull off any personal data. To figure out who else on your team is also impacted, try scheduling a meeting with your boss, and all your teammates that day with your calendar tool. That will give you an overlay of availability. Anyone else with 15 minute slots that overlap with your boss's calendar are getting RIF'd that day too. This will be Oracle's largest RIF yet, they are starving for cash and the easiest way to fix that is by reducing headcount - 8% reduction is likely.

Healthcaredice.com posted an article about Cigna’s recent announcement of cuts that affects worldwide employees…yeah right. Meanwhile, they’re actively hiring EMPLOYEES in India.

• Cigna plans to lay off roughly 2,000 employees, just under 3% of the company’s workforce, to cut costs by the end of February.

Speak with your Congressional Representative, I have. They will be looking at this. The number of jobs leaving America is egregious. What economic path will our children have?

https://www.healthcaredive.com/news/cigna-layoffs-2000-workers-worldwide/811844/

Media reports say 12K worldwide, but nothing specific for the US so far.

So here it is the Enron model for managing headcount - forced ranking with 12 different goals, most out of your control. BOTTOMLINE, just another way to reduce 10% each year. Interested what comments are: