#reduction

Anyone else experiencing a Reduction in Dreams (RiD)?

😔🥺🤔

IT leadership stated in meetings it has goals to cut IT staff by roughly 50% and reduce processors by about 75% by year-end.

Fulcrum Therapeutics announced a significant business restructure. The company is reducing its workforce by 85%. This leaves the company with nine employees. The decision follows the discontinuation of its lead dr-g candidate, pociredir. The FDA raised safety concerns regarding the sickle cell disease treatment.

https://www.biospace.com/business/fulcrum-tanks-as-cancer-concerns-stymie-sickle-cell-asset-trigger-business-reorg

Monumental Sports & Entertainment is laying off about 30 employees. This reduction represents just under 4% of its total workforce. The company cited redundancy and efficiency as primary reasons for the cuts. These layoffs are part of an organizational restructuring tied to the Capital One Arena transformation. Monumental plans to reallocate resources and invest in other key areas like technology and fan support.

Washington, D.C.

https://www.sportsbusinessjournal.com/Articles/2026/06/05/monumental-sports-entertainment-undergoes-layoffs/

Screenshots are getting passed around from HR about RIF and compression of senior level roles.

Say goodbye to sr level managers and senior level directors. This is why they 'froze' promotions!!

Monumental Sports & Entertainment recently laid off staff. Approximately 30 employees were affected by these cuts. This number is less than four percent of the total workforce. The organization employs around 1,000 workers. Management attributed the layoffs to redundancy and duplicated work.

Washington, D.C.

https://www.bizjournals.com/washington/news/2026/06/03/monumental-sports-staff-layoffs-wizards-capitals.html

Perella Weinberg Partners is reducing its workforce. The firm is cutting 10% of its staff, including 12 partners. This follows a 91% drop in net income during the first quarter. Concurrently, PWP is acquiring Gleacher Shacklock, a British bank. This acquisition will add up to eight senior bankers in London.

London, United Kingdom

https://www.efinancialcareers.com/news/pwp-cuts-tim-shacklock

NPR implemented staff reductions following a round of voluntary buyouts. The total workforce reduction amounts to fewer than 30 employees. Most employees accepted buyouts, but 10 journalists were laid off. The content division saw a cut of approximately 4%. These actions address financial pressures from declining revenues.

https://current.org/2026/05/npr-reduces-staff-through-layoffs-buyouts/

This top 5 goal is a major change, easily categorized as transformative if anything close to that is achieved. Has anyone seen any metrics / reporting of progress on this? I don't think achieving progress on this goal is realistic without senior leaders leading the way and taking work out (reporting overload being 1). Haven't been here long, this seems like a pipe dream...generally interested in your thoughts?

The company announced a 17% reduction in its global full-time workforce. This cut affects just under 3,100 employees worldwide.The changes aim to co-locate teams and reduce organizational complexity.

https://www.rgj.com/story/news/money/business/2026/05/21/intuit-shutting-down-reno-office-amid-global-layoffs/90198994007/

Management and supervisors have been given their marching orders. By July 1st they are to determine which employees will become business analysts with a 2% raise, which employees will remain in their current position with a 2-3% pay decrease and up to a 20% reduction in staff overall. Higher earners are expected to be fired first with a compensation package.

Takeda announced plans to cut approximately 4,500 employees globally. This makes May 2026 the most significant month for biopharma layoffs this year. As of May 15, 6,739 biopharma employees were laid off or planned for reduction. This total exceeds February's 3,713 and May 2025's full month total. Despite fewer companies making cuts, the overall number of affected employees is rising.

https://www.biospace.com/job-trends/takeda-cuts-send-layoffs-soaring-in-may-rising-year-over-year

Starbucks is eliminating 300 corporate positions. The company is also closing some regional offices. This action aims to streamline the organization. It seeks to reduce operational complexity and boost profitability. This marks the third round of layoffs since last year.

https://seekingalpha.com/news/4593800-starbucks-conducting-another-round-of-corporate-layoffs-closing-regional-offices

Thanks McKinsey & Company. Here come more layoffs

Walmart Inc. confirmed it will eliminate some jobs. These cuts affect corporate staff, not retail workers. The company is simplifying its digital operations. This involves reducing organizational layers and consolidating teams. Layoffs are a result of this operational consolidation.

https://www.fastcompany.com/91541504/walmart-layoffs-today-tech-jobs-cut-memo-does-not-cite-ai

Indianapolis Public Schools announced $17 million in central office cuts. This marks the district's second round of budget reductions this year. The cuts involve eliminating approximately 28 central office positions. Enrollment declines and an expiring property tax levy are driving these financial pressures. Overall, 87 employees have been reduced from the district's workforce.

Indianapolis, Indiana

https://www.wfyi.org/education/2026-05-11/ips-17-million-central-office-cuts-enrollment-referendum

General Motors is laying off hundreds of salaried employees. These cuts impact its information technology operations. The reductions began on Monday. Around 500 to 600 employees are largely affected. The automaker aims to cut redundancies and reevaluate workforce needs.

Detroit, Michigan

https://www.cnbc.com/2026/05/11/gm-layoffs.html

Around 350 workers lost their jobs at Ticketmaster on Wednesday in a restructuring that swept through engineering, product, and design teams spanning 25 countries — a reduction representing 8% of the company's total global headcount. Contractors were also let go as part of the effort.

https://qz.com/ticketmaster-layoffs-350-jobs-engineering-design-050726

Said clearly on the earnings call , 150 million left for open reduction this calendar year

1 billion left in the overall plan , to be achieved with AI agents

Summary : more layoffs before end of June and anyone doing manual work to be replaced with automation in the next 12-24 months

15% cuts happened in GTS today

Three companies plan to eliminate almost 400 New Jersey positions. Fulton Bank will reduce 95 positions at its Parsippany office by July 31. Worldwide Flight Services eliminated 80 to 100 jobs in Elizabeth quickly. Accupac plans to remove 260 roles from its Lakewood facility. Accupac faces legal inquiries concerning WARN Act adherence.

https://www.nj.com/business/2026/05/nearly-400-nj-jobs-at-risk-as-3-major-companies-announce-layoffs.html

Six companies announced layoffs impacting 736 Wisconsin workers in April. This number represents a decrease from March's 1,082 layoffs. Wisconsin's unemployment rate increased to 3.5% in March. This rate remains lower than the national average of 4.3%. Several firms, including Polaris and Regal Rexnord, contributed to these job reductions.

Wisconsin

https://www.jsonline.com/story/money/business/2026/05/01/polaris-regal-rexnord-other-companies-laid-off-workers-in-march/89861174007/

The Pittsburgh Post-Gazette began significant newsroom layoffs. This occurred as the Venetoulis Institute for Local Journalism assumed control. Union leadership estimates up to half of newsroom workers will lose their jobs. The union alleges these cuts disproportionately affect striking journalists. Elected officials previously urged the new ownership to maintain staffing levels.

Pittsburgh, Pennsylvania

https://www.editorandpublisher.com/stories/post-gazette-layoffs-begin-as-new-ownership-takes-control,261429

School boards across Whatcom and Skagit County have approved reductions in force. These actions address enrollment declines, increasing costs, and state funding gaps. Districts must issue layoff notices to certificated staff by May 15. However, some affected staff may be rehired based on clearer financial pictures. Bellingham School Board approved reducing 38.2 certificated staff positions. Mount Vernon School Board approved reducing 13 certificated secondary, seven certificated elementary, one administrator, and 15 classified staff positions.

Whatcom and Skagit County, Washington

https://www.cascadiadaily.com/2026/apr/30/many-school-boards-are-approving-potential-reductions-in-force-a-roundup/

HCA Healthcare confirmed recent U.S. workforce reductions. The company is Nashville's largest public company by revenue. It is also one of the city's biggest employers. HCA Healthcare cut a small portion of its employees.

Nashville, Tennessee

https://www.bizjournals.com/nashville/news/2026/04/30/hca-healthcare-confirms-layoffs.html

Baptist Health Fort Smith announced significant service reductions. These changes specifically impact inpatient care offerings. The hospital is also implementing staff layoffs. Officials confirmed the facility will not close entirely. Instead, it will operate with a more limited scope of services.

Fort Smith

https://www.5newsonline.com/video/news/health/baptist-health-fort-smith-announces-inpatient-service-cuts-layoffs/527-be08743e-61cb-41ea-a62b-920573f2734c

Joined as a contractor earlier this year and was just let go. Was told it’s a reduction in workforce. I joined because it was a one year contract and they sold me on being converted 6 months down the line. Devastating but life goes on. Just another day in corporate America

OneCM sounds like the program may result in a reduction in the number of case managers and support colleagues needed.

For everyone stressing about losing your job, stop worrying and start planning.

When the Marcus massacre hit in August of 2022, I knew we were entering a new era. Right then I made peace with the fact that none of us were safe. I went into uber saving mode, paid off as much debt as possible, didn’t make any large purchases like cars or houses. I just saved!

Fast forward almost 4 years, I survived countless “reorgs” , staff reductions, etc. watched lots of friends and coworkers leave for no good reason. My luck ran out and I was RIFd a couple months ago. I’ve taken the time off and relaxed, it took a couple weeks for it to really sink in. But once I had purged the toxicity of that place and could see it for what it really was, I was happy.

I drive my kids to school every morning, work out every morning, drink coffee and read or listen to music. I spend an hour or so looking at job opportunities. And also thinking about going back to school because why not.

Don’t stress, just make peace that you’re going to get hit eventually. Save, Save, & save and be prepared.

Have you heard about reducing team size to 10 or less across the board?

Only sales to get impacted and in very small numbers

Just curious if anyone knows how many people have already been let go this year, and what they're trying to reduce down to. If you take all hGP and hWP combined at the start it was around 27k people, right?

Close to 50% reduction coming to Ravinia. Some will be forced to move to Bellevue or Overland Park. H1B’s first to go. Only critical teams will remain at Ravinia. All others will be let go by end of Q2. Get ready.

A lot of what OI does is facilitate the functioning of other divisions. I'm not in OI, but OI's work and tech has enabled a lot of the 40-90% headcount cuts to other areas (not that those reductions were always well advised).

A lot of the applied process support/automation/optimization work over the last 5-10 years has come out what remains of teams currently structured under OI, with most of the work, knowledge base and continued maintenance being US based.

Almost zero effort has been made to prepare this to be handed off to either contractor or OGA teams, and the "cleanup" from the Change Health breach resulted in a TON of project source material and documentation for currently deployed work being wiped, and zero time/resources allocated to reconstruct/replace the lost bodies of work.

Tl;dr: The people currently supporting the existing processes that Optum (actually) runs on are probably the ones that are going to get cut this round. Things will be OK, until an existing process needs to be updated, changed or expanded, at which point things will start breaking.

OP: @c3+1kp53601e

I came across this post while reading through our board. Worth bumping it up.

The US technology group IBM has begun a new round of job cuts in Bratislava, with hundreds of roles at risk as the company continues to scale back its workforce in Slovakia.

Slovakia’s labour office has recorded a planned reduction of 439 positions in the business services sector following a notification submitted in mid-March.

Read more: https://spectator.sme.sk/business/c/ibm-to-cut-hundreds-of-jobs-in-bratislava

No groups exempt

Just got off the phone with my AD and I was told April 23rd there will be a 10% RIF across all departments within Verizon. They are going after highest paid workers now NOT based on your PAD or time served in the company. My AD wanted me to help develop a plan to put into play with the reduced staff starting May 24th.

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.

Assuming a big piece of reduction in numbers will be associated with Anadarko sale, where else will get hit? What’s the final number?
What’s OVV going to look like