#restructuring

Posts mentioning hashtag #restructuring

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Is the executive revolving door at Centene a sign of the end, or just a major pivot?

With so many executives leaving, it's hard not to wonder is Centene on its last legs, or is the company just going through a brutal restructuring?

Now we have a new CFO coming in from outside the healthcare industry. Will bringing in non-healthcare financial leadership turn the ship around, or will the steep learning curve just drive us further down?

Honest thoughts? Starting to get really worried about where we’re heading. :/


I keep looking back at the last few years

I've watched restructures and personnel decisions systematically remove anyone who was intelligent, trustworthy, or actually cared about employees. The company has spent years making sure there's no one left who can lead effectively. And now we're surprised things are falling apart?


Blue Shield Reduces California Workforce

Blue Shield of California is implementing layoffs across the state. The company will eliminate 18 positions in the Sacramento area. These cuts are part of a larger statewide reduction of 60 jobs. The affected locations are El Dorado Hills and Rancho Cordova. This news indicates a restructuring within the organization.

https://www.bizjournals.com/sacramento/news/2026/08/25/blue-shield-sacramento-area-technology-layoffs.html


AI Job Cuts Surge Past Last Year's Total

AI has become the primary stated reason for US job cuts, with verified figures through July 2026 already exceeding last year's total. While a widely circulated 205,000 figure is likely inflated, official data shows AI cited in over 112,000 layoffs this year, more than double 2025's count. These cuts are concentrated in customer service, data operations, and finance, impacting roles that often serve as entry points for new employees. Companies are increasingly using AI as justification for restructuring, leading to concerns about the removal of foundational training roles. The trend highlights a shift where AI is a common explanation for a smaller overall layoff number.

San Francisco, California

https://startupfortune.com/ai-layoffs-have-already-hit-205000-us-workers-in-2026-matching-all-of-2025/


T-Mobile Announces Washington State Job Cuts

T-Mobile US is implementing permanent layoffs in Washington state. The company will also close several of its retail locations. These actions were detailed in a filing with the state Employment Security Department. The job reductions are scheduled to begin on September 21. This move signifies a restructuring effort by the telecommunications giant.

Washington

https://seekingalpha.com/news/4637096-t-mobile-plans-layoffs-store-closures-in-washington


Annapurna Pictures Reduces Staff

Megan Ellison's Annapurna Pictures has laid off approximately 30 employees, representing over 15% of its workforce. This significant reduction comes as the independent media company navigates shifting market conditions. The company confirmed the layoffs, stating they reflect current business realities. Annapurna is currently realigning its operations to adapt to the changing landscape of the entertainment industry. Ellison remains at the helm as CEO during this period of restructuring.

Los Angeles, California

https://variety.com/2026/film/news/megan-ellison-annapurna-layoffs-1236843926/


Cash Team (COE)

Has anyone heard about the new Medicaid Accounting Cash Team that’s supposedly being created? Looks like the team may be formed as part of the restructuring related to the VSP/ISP, with some, if not all, Accountant I and II positions on the Medicaid side potentially transitioning to the new team. Just wondering if anyone has heard more details or can confirm.


Cellares Faces Layoffs After Major Customer Loss

Automated cell therapy manufacturer Cellares is implementing layoffs due to the termination of a significant customer partnership. CEO Fabian Gerlinghaus stated the company needs to "resize" following this development. The exact number of affected employees and the identity of the departed customer remain undisclosed. This reduction aims to refocus resources on Cellares' ongoing clinical and commercial programs. The company maintains that its technology is proven and its fundamentals remain strong.

South San Francisco, California

https://www.fiercepharma.com/pharma/cellares-ceo-seeks-resize-company-after-loss-large-cell-therapy-manufacturing-customer


Any further information regarding Home & Community layoffs with losing Humana?

Seems like no one has any official word on what restructure will look like, how many can expect to be cut, when it may be announced vs when it will take effect. Any word from the “rumor mill?” Seems to be all we have. I’m a CC in a heavy Humana state.


400 Laid off in Australia

  • KPMG Australia is cutting nearly 400 jobs, affecting about 5% of its workforce, including 27 partners.
  • Most job losses will fall within the firm's consulting and business services operations.
  • The restructuring follows a whistleblower scandal involving allegations that confidential client information was misused by KPMG partners to help win new business.
  • The controversy has damaged KPMG Australia's reputation and client trust and contributed to the loss of government contracts and increased regulatory scrutiny.
  • KPMG Australia has also experienced a leadership shakeup, with senior executives departing while investigations into governance, ethics, and the whistleblower matter continue.
  • Financial pressures are mounting: KPMG Australia's revenue reportedly fell around 1% in the financial year ending in June, while demand for some consulting and business-services roles weakened.
  • KPMG plans to simplify its organizational structure, including changes to advisory and dealmaking operations, as part of a broader effort to rebuild the firm and improve efficiency.
  • The firm says affected employees will receive practical and well-being support, but it has not ruled out further job cuts as internal and external reviews continue.
  • The Australian cuts follow other major KPMG reductions, including roughly 400 US advisory jobs and hundreds of positions in the UK during the year.
  • KPMG's restructuring reflects a broader global layoff trend, with companies across consulting and technology cutting staff because of restructuring, tougher business conditions, AI-driven changes, and—in KPMG Australia's case—the financial consequences of reputational damage.

Source:
https://www.youtube.com/watch?v=BmrGMoS5pBI


Stop playing into their plan

Heed my warning. To those in Audit Services, more layoffs and restructuring are coming.

Want to know why you were rewarded with gifts for getting audits done as quickly as possible last year? Want to know why you are conducting quick and easy testing under the guise of taking a "risk based approach"? Want to know why you were harassed (or dare I say threatened) to come in under hours and to falsify your time sheets if necessary? Want to know why they repeatedly told you that falsifying your time wouldn't come back to haunt you because no one is looking at utilization? Want to know why they moved several audits to an unheard of FOUR year cycle? It's not because they are trying to do the right thing. It's not because they are trying to protect our members. It's because leadership was told to make a case to lessen the amount of employees needed.

The newly announced operating model means there are still too many Audit Managers and staff. Trust me, they aren't done yet.


CMSD Faces Major Changes with Closures and Layoffs

Cleveland Metropolitan School District is implementing significant changes for the upcoming school year, including closing 18 buildings and consolidating schools. These measures are part of a plan to address a $150 million deficit and avoid potential state oversight. The restructuring has resulted in over 200 layoffs among teachers and paraprofessionals. Despite these challenges, the district is working to ensure buildings are ready for students and has recalled 31 educators. Concerns about class sizes and textbook availability remain, but officials express optimism for a smooth transition.

Cleveland, Ohio

https://www.news5cleveland.com/news/local-news/we-follow-through/cmsd-students-return-to-school-amid-sweeping-changes-closures-and-staff-layoffs


Starbucks Relocates Staff, Cuts Jobs

Starbucks is relocating a significant portion of its workforce to a new Nashville office, leading to job cuts for those unwilling to move. Approximately 120 Seattle-area employees will lose their jobs for declining relocation, with an additional 104 positions being eliminated. The company is investing $100 million in the new Nashville complex, slated to open in 2027. This move is part of a broader restructuring strategy aimed at reducing costs and improving decision-making. Severance packages will be offered to departing employees, with the process expected to conclude by November 1st.

Seattle, Washington

https://www.ynetnews.com/business/article/r1dmqt00dzg


101 Creative Ways to Say “Get Out”

Getting fired is now like a subscription service with multiple cancellation tiers.

“Layoff” if they’re feeling honest.

“Restructuring” if they’re feeling corporate.

“Performance management” if they want you to blame yourself.

“Voluntary separation” if they want you to fire yourself.

“Attrition” if they want to pretend nobody actually did anything.

“Role elimination” if they want to make it sound like your job died peacefully in its sleep.

“Strategic realignment” if they want you to believe your career simply took a wrong turn.

“Workforce optimization” if they want to imply the workforce was somehow the problem.

“Doing more with less” if they want to give you three jobs and one salary.

“Organizational simplification” if they want fewer people doing twice the work.

At this point, the only thing being optimized is the dictionary definition of unemployment.

They don’t need an HR department anymore.

They need a thesaurus with a severance budget.


Qualtrics Restructures Post-Acquisition

The software company Qualtrics has initiated layoffs as part of a broader restructuring effort. This move is intended to facilitate a smoother integration following its recent acquisition. The company stated that the workforce reductions are a necessary step in this process. Specific details regarding the number of affected employees were not immediately available. This restructuring impacts operations globally.

Provo, Utah

https://www.sltrib.com/news/2026/08/22/qualtrics-layoffs-employees-utah


Lumileds Closes San Jose Manufacturing Site

Lumileds is permanently closing its San Jose manufacturing facility. This action will result in the permanent termination of 24 employees. The closure is the second phase of a previously announced restructuring. These layoffs are tied to the transfer of manufacturing activities to Asia. The company's U.S. go-to-market operations will remain unaffected.

San Jose, California

https://inside.lighting/news/26-03/lumileds-san-jose-facility-set-close-layoffs-continue


TikTok Cuts Bellevue E-commerce Staff

TikTok has laid off 75 employees in Bellevue, Washington, primarily impacting its e-commerce division, TikTok Shop. These job reductions are part of a broader restructuring within the social media company. The affected workers were employed under the TT Commerce & Global Services banner, which operates under ByteDance. This move follows similar layoffs at TikTok's Nashville office two weeks prior. The company has been a significant employer in Bellevue since 2021, with its presence growing substantially after launching TikTok Shop in 2023.

Bellevue, Washington

https://www.seattletimes.com/business/technology/tiktok-lays-off-75-bellevue-workers-mostly-in-e-commerce-division/


Starbucks Cuts More Jobs

Starbucks is laying off 224 employees in a final phase of its global restructuring. The affected roles include support positions and workers who declined relocation to Nashville. The company stated this is not a new round of cuts but the conclusion of a previously announced strategy. These changes impact coffeehouse construction and design teams. The move is part of a broader effort to streamline operations and reduce costs.

https://www.king5.com/article/news/local/seattle/starbucks-to-layoff-224-employees-workers-who-declined-nashville-move/281-679c2b25-2db1-4ac1-9754-ac3a9af5c32e


Apple VR Team Downsized

Apple has reportedly laid off an entire team focused on virtual reality development. This move comes as the company shifts its priorities within its spatial computing division. The restructuring suggests a temporary pause on the VR category, with a new focus on AI and smart glasses. While the VR team has been significantly reduced, work on future iterations of the Vision Pro and smart glasses is expected to continue. This indicates a strategic recalibration rather than a complete abandonment of the VR/AR space.

Cupertino, California

https://appleinsider.com/articles/26/08/20/layoffs-in-apples-vision-products-group-prove-slow-progress-in-spatial-computing


Mortgage Industry Faces Further Job Cuts

The mortgage sector is anticipating more layoffs and reduced hiring due to persistently high interest rates and compressed profit margins. Lenders who expanded their workforce early in the year are now reassessing their staffing levels as refinance hopes have faded. Increased efficiency from AI and complex product mixes also contribute to the need for leaner operations. Analysts suggest that consolidation may become a more common strategy for companies struggling with profitability. This trend follows significant workforce reductions seen since the market's post-pandemic peak.

https://www.housingwire.com/articles/mortgage-layoffs-expected-to-rise-as-rates-remain-high-margins-stay-thin/


Widespread Job Cuts Hit Logistics and Manufacturing Sectors

Numerous companies across freight, distribution, and manufacturing are implementing significant workforce reductions. Over 7,000 jobs are affected by these recent announcements. Tyson Foods leads these cuts with over 3,000 positions eliminated due to facility closures and operational shifts. Wholesale distributor Essendant also warned of over 1,200 employee impacts as it seeks capital or a buyer. These layoffs are part of a larger trend of restructuring within transportation and production networks.

United States

https://www.freightwaves.com/news/freight-distress-report-more-than-7000-jobs-cut-in-new-wave-of-closures


Sc--wing over Class A LP holders

In the new LP filing, it looks like capital is being restructured in a way that totally sc--ws over Class A LP holders.

It appears the new Class B has no guaranteed return, but will receive all variable profits.

It appears Class A retains the 7.5% guarenteed return, but will no longer receive any variable profits. 7.5% is all you get going forward.

I guess this is their way of trying to strongarm us into converting our Class A to Class B. What a way to reward loyalty and tenure.


Indiana Historical Society Cuts Programs

The Indiana Historical Society has ended its sponsorship of the National History Day student contest. This decision follows recent layoffs of eleven employees. The organization claims these actions are part of a restructuring for long-term stability. The state previously provided significant financial support for the society. The termination of the student program leaves thousands of students without a contest.

Indianapolis, Indiana

https://www.wthitv.com/2026/07/30/indiana-historical-society-terminates-history-contest-sponsorship/


Winnebago Restructures Manufacturing, Cuts Jobs

Winnebago Industries is consolidating its production facilities to optimize operations. This strategic move involves relocating some manufacturing processes to different sites within Indiana and Iowa. As a result, several facilities will be closed, leading to an unspecified number of employee layoffs. The company stated these changes aim to create a more agile and stronger enterprise for future growth. Despite the consolidation, Winnebago and Grand Design RV will continue to operate as distinct brands.

Middlebury, Indiana

https://www.truckpartsandservice.com/products/supplier-updates/article/15832623/winnebago-layoffs-rv-production-consolidation-strategy


AI Replaces Longtime Director at KENS5

An Emmy-winning director at KENS5 has announced his departure after 40 years in television. He stated that his replacement was due to his parent company's adoption of AI and automation. This move is part of a broader restructuring within Tegna, the station's owner. Tegna operates numerous TV stations nationwide and has been implementing changes under its new CEO. The director's exit follows other recent job cuts and retirements at the San Antonio affiliate.

San Antonio, Texas

https://www.sacurrent.com/news/san-antonio-news/longtime-san-antonio-tv-news-director-says-hes-been-replaced-by-ai/


Phoenix Area Sees Significant Job Cuts

Two companies with operations in the Phoenix metropolitan area have announced substantial workforce reductions. A total of 354 positions are slated for elimination according to recent state filings. These layoffs impact Tendit Group and Republic National Distributing Company. Republic National Distributing Company is shedding 211 roles, while Tendit Group will cut 143 jobs. These actions are part of broader corporate restructuring and divestitures.

Phoenix, AZ

https://patch.com/arizona/phoenix/hundreds-layoffs-planned-2-companies-phoenix-warn-notices


School Board Rejects Special Education Staff Cuts

Tulsa Public Schools board members unanimously voted against proposed reductions to special education staffing. The district had planned to eliminate nearly two dozen positions to address a significant budget deficit. Employees and advocates argued that such cuts would harm students and disrupt established relationships. Despite the rejection of these specific cuts, the district still faces substantial financial challenges. Further restructuring and cost-saving measures are anticipated in other departments.

Tulsa, Oklahoma

https://tulsaflyer.org/2026/05/02/schools-families/post/tulsa-public-schools-special-education-cuts-rejected/


Drop your Drawers, Daddy is back!

The implication? $300M in restructuring is nowhere near enough. New restructuring plan headed your way stat!

https://timesofindia.indiatimes.com/technology/tech-news/oracle-layoffs-as-oracle-leadership-prepares-to-send-6am-layoff-email-on-september-1-company-asks-managers-to-give-a-list-of/articleshow/133235370.cms

ps remember that it's easier if you relax your butt-cheeks.


September Layoffs ICB London

Significant layoffs appear to be coming in ICB London in September as part of a major restructuring. There is considerable duplication across teams within JPM Personal Investing, Chase, and Accelerator.

Richard Crozier and Mohamed Noah appear to be competing for survival, with only one likely to remain. Mark O’Donovan is also reportedly at risk. With Marianne being pushed out, he may no longer have the protection he previously benefited from, and Troy is expected to take a hard line on the cuts.


Essendant Expands Job Cuts Amid Restructuring

Essendant has announced an additional 103 layoffs in California, bringing the total confirmed workforce reductions to 1,278 across six states. These cuts are part of a larger restructuring that includes facility closures and the exploration of potential sales or new capital to prevent liquidation. The latest actions affect distribution centers in Sacramento and Perris, with layoffs scheduled for October 3rd. This expansion of job cuts follows Essendant's strategic shift away from traditional office supplies towards janitorial, sanitation, foodservice, and technology products. The company's future remains uncertain as it navigates these significant operational changes.

California

https://distributionstrategy.com/2026/08/essendant-layoffs-reach-1278-as-restructuring-expands-to-california/