#resourceaction

Teva Pharmaceuticals will close its Fairfield, New Jersey manufacturing facility by February 1, 2027. This closure will result in the layoff of 61 employees. The company cited the plant's underutilization and high operating costs as reasons for the decision. Declining demand and price erosion also contributed to the plant's economic challenges. Teva plans to reallocate resources to higher-priority investment opportunities.

Fairfield, New Jersey

https://www.fiercepharma.com/pharma/teva-telegraphs-61-job-cuts-amid-plans-close-underutilized-new-jersey-plant

Have heard from more than one person that FDX plant upgrade programs may be scrapped due to high cost. In my market they have trialed plant maintenance doing the physical cutovers instead of BPs. There are several teams dedicated to this project that would no longer be needed if this is true.

Non-bank lender MaxCap has implemented workforce reductions this week, citing a broader downturn in the private credit market. The company stated these redundancies are part of standard business management to optimize structure and resource allocation. These layoffs are occurring as the private credit industry faces increasing challenges, including liquidity issues and scrutiny from regulators. MaxCap has experienced exposure to several failed property developers, impacting its funds. This move by MaxCap is indicative of wider industry pressures affecting private credit firms.

Sydney, Australia

https://www.afr.com/companies/financial-services/apollo-s-maxcap-cuts-staff-amid-private-credit-slump-20261023-p6180j

Netflix has recently reduced its workforce by approximately 1,000 employees, representing about 6% of its staff. This decision comes as the company navigates a rapidly evolving media landscape. Co-CEO Greg Peters stated that these cuts are necessary to ensure efficient investment and resource allocation. The company aims to be disciplined in its focus and operations to support long-term growth. These layoffs followed significant leadership changes within the content division.

Los Gatos, California

https://deadline.com/2026/10/netflix-greg-peters-layoffs-growth-1237169073/

We've lost too many people and they're still trying to figure out how to make everything work with what we have left. This is just my opinion, but it'll take at least a few months before they hit us again.

Why are noninterest expenses only down 1%?

The answer: the great su-king sound that is Wealth and Investment management. Higher "revenue related" compensation (i.e. sales bonuses). The efficiency ratio of every other business is good; the efficiency ratio of WIM is 80, bringing the efficiency of the whole company down.

We are all getting pressed so WIM can su-k corporate resources.

One? Two?

Benchmark Mortgage is reducing its workforce by 82 employees. This significant layoff includes the company's Chief Information Officer and other high-ranking executives. The company is closing its wholesale and correspondent lending operations. These actions are part of a strategic shift to concentrate on its retail lending sector. Resources will be reallocated to support this new focus.

Plano, Texas

https://www.bizjournals.com/dallas/news/2026/10/02/mortgage-lender-enacts-layoffs-including-c-suite.html

trim down bushes? Fine

New construction, expanded water fountains? Why? How many jobs is that ?

The media company Forbes has announced staff reductions affecting a portion of its employees. These cuts are a direct response to revenue shortfalls experienced in the first half of the fiscal year. CEO Sherry Phillips stated that the company is reallocating resources to focus on high-growth areas. The exact number of employees impacted and specific departments affected were not disclosed. Affected staff members have reportedly been informed of the changes.

New York, NY

https://www.thewrap.com/media-platforms/journalism/forbes-layoffs-revenue-shortfall/

Does anybody know what the impacts were to the Florence site? It has been shrinking so much, I wonder how much longer it will be before it is closed.

Now that we know it's started, what's being affected?

Do we need all of these people?

Hi everyone,

I’ve heard some rumours that there might be another Resource Action (RA) in 2026, so I was wondering if anyone could share some insight into how the process usually worked in the past — either from personal experience or based on what you’ve seen happen to colleagues.

In particular, I’m curious about the timing and communication:

Is it usually brought up during a regular 1:1, or is there a separate meeting specifically for this?
Around what time of the month did this typically happen?
How much advance notice was usually given between the initial communication and the actual end date?

I understand that the process may vary depending on the country, organization, or specific RA, so I’d be interested in hearing any experiences you’ve had personally or observed with colleagues.

Thanks!

Part of nova. Laid off.

What does this mean for our jobs and our existing customers? Will the new Fuji BI group try to consolidate with us again to keep thier base and or will we compete and just replace their boxes with Lexmark?

Hearing its the end of the road for a number of staff in a number of locations, looks like hubs are the focus now.

When does Fawley go and who is buying?

Visa's recent workforce reduction is not solely an indicator of AI replacing jobs but rather a strategic capital reallocation. The company reported record financial performance concurrently with the layoffs, suggesting a business in growth, not decline. This move highlights a broader trend of companies re-evaluating their workforce in response to evolving technological landscapes. The article posits that AI and tokenization are the primary drivers of change within the financial sector. Ultimately, the focus is on how tasks within jobs are transforming, rather than a wholesale elimination of roles.

https://bizbeat.nus.edu.sg/thought-leadership/article/the-visa-story-is-not-about-layoffs-but-about-two-revolutions/

Is the plan to actually integrate/onboard them or replace them with H1-B hires in India, once their systems have been brought over?

There doesn’t seem to be any plan, from what I can tell. Seems like they are trying to figure out what to do with the NatGen folks. Or maybe they aren’t in the plans for the future, and that’s the reason.

Roberta R takes the helm, Jess G. out. The rest of the team looks “safe”. Wonder what other units consolidated in the next few months.

Conduent layoffs July and August 5 states

To deconvert!

https://kstackpod.substack.com/p/the-real-fiserv-fight-isnt-early

https://warnact.io/company-verizon

If we suspect that we will be RIFd can we use up our future vacation? Would it be deducted from our final pay or have to pay back?

I may have used up all of mine for a nice long trip earlier this year. LMAO definitely don’t realize we’d be here looking at VSP and RIFd.

The NBA eliminated dozens of jobs this week. This action reallocates resources toward key growth areas. These areas include NBA Europe and the local TV business. The league plans to make new strategic hires in these sectors. Impacted employees will receive severance and transition support.

https://www.sportsbusinessjournal.com/Articles/2026/07/01/nba-lays-off-dozens-as-it-shifts-focus-to-nba-europe-local-tv/

They happened once in a while and for the rest of the time we were able to focus on our work properly. Can we ever go back to that? Or is that behind us for good?

When will they start cutting projects?

Why is it mostly us at Optum that have to worry about our jobs all the time? There are many GL 30 and 31 with no directs over at UHC, while at Optum GL29 has 15 directs. Seems they need an alignment.

Registered nurses at Baystate Franklin Medical Center expressed concern over recent layoffs. The workforce reductions affected employees across 22 departments and information technology. Nurses believe these cuts immediately impact patient care, citing reduced transport services. They question Baystate Health's resource allocation, noting high executive salaries. Nurses urge the organization to prioritize investment in frontline caregivers and local services.

Greenfield, Massachusetts

https://www.prnewswire.com/news-releases/baystate-franklin-nurses-express-concern-over-latest-layoffs-and-impact-on-local-patient-care-302804628.html

Barstow intermodal gateway project approved for construction according to media, so in less than 5 years when new contracts come up for bid, Barstow current facility and Shepherd going to be closed down, with resources shifted the same way the did in Interbay to Vancouver, transcon traffic will increase but facilities like Houston that require annual repair are going to be scabbed out to RJ Corman like Pearland. That’s why there is no more mechanical facilities other than Temple from the coast to Tulsa, and seniority wise Houston is almost at 20 years to hold in TY&E

I think with a vsp the termination play is out versus a vtp. Does anyone know

Any updates regarding rifs in June?

This is Veradigm's third layoff round impacting multiple positions across India and the US.