#restructuring

Ideal US Talent Worker OpCo LLC will lay off 9,891 remote gig workers. These layoffs are scheduled to begin on July 1. The company cited business restructuring as a primary reason. Its contracts are being transferred to a third-party partner. Affected workers are encouraged to apply for open positions with this partner.

Minneapolis, MN

https://www.msn.com/en-us/money/smallbusiness/nearly-9900-remote-gig-workers-to-be-laid-off-by-minneapolis-company/ar-AA22mF5u

Providence is implementing changes to its behavioral health model. These changes involve the elimination of 40 positions. The layoffs affect staff at Sacred Heart. The company is restructuring its health services. Further details about the new model were not specified.

Spokane, WA

https://www.kxly.com/video/providence-announces-changes-to-behavioral-health-model-layoffs/video_249f9d38-19db-5cef-94fe-2af617887158.html

GitLab announced a company-wide restructuring effort. The software company plans to reduce its workforce by June 1. This restructuring aims to meet the demands of the "agentic era." Changes include flattening management layers and reorganizing R&D teams. The CEO stated AI agents will automate internal processes, affecting roles.

https://www.businessinsider.com/gitlab-layoffs-memo-2026-5

https://www.retaildetail.eu/news/fashion/strike-at-nikes-european-distribution-center-in-protest-against-the-restructuring-plan/

So we will keep the same OLM/ RLM model or some large scale org change is coming soon? Any insights?

Sold 2 states already that they got from Frontier. Heard 3 to 6 more for sale. All in north Central Part of country. Small footprint lots of rural customers. Money being shifted to California and West Virginia

Medtronic will shut down its Santa Rosa, California site. The closure impacts 370 employees at the Fountaingrove campus. Medtronic anticipates completing the site closure by spring 2028. Operations will primarily relocate to Santa Ana, Minnesota, and Galway, Ireland. This decision is part of Medtronic's ongoing global operational restructuring.

Santa Rosa, California

https://www.massdevice.com/medtronic-reportedly-close-california-site-layoffs/

New Jersey Expansion public information: WARN notices in New Jersey affect 141 employees, with separations scheduled between May 21 and June 14, 2026, as part of an AI automation and restructuring strategy.

Freshworks will cut 11% of its global workforce, approximately 500 jobs. This decision is partly due to rapid advancements in artificial intelligence. CEO Dennis Woodside stated AI now writes over half of the company's code. Automation has reduced routine tasks across various departments. The company expects about $8 million in one-time restructuring charges.

https://www.msn.com/en-in/money/topstories/freshworks-layoffs-company-to-cut-500-jobs-ceo-dennis-woodside-explains-why/ar-AA22u4Z5?uxmode=ruby&apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1

Nearly 38,000 US jobs were cut in the first 10 days of May 2026. This affected sectors like technology, finance, and aviation. Spirit Airlines ceased operations, impacting 14,000 employees. Many companies cited AI-driven restructuring and cost reduction plans. Kyndryl, PayPal, and Cloudflare also announced significant workforce reductions.

https://americanbazaaronline.com/2026/05/10/us-layoffs-in-first-10-days-of-may-2026-nearly-38000-jobs-cut-480502/

Kyndryl restructuring should reduce overhead functions and reduce the number of managers that lack technical knowledge
Of the various systems they try to manage.
All chiefs and no Indians will cause the company to collapse.
Ai can identify various areas that can be improved as long as there is a team to analyze the data.

It seems that multi year restructuring is done,there still may be some layoff here and there but not like huge

I found this article on LinkedIn -

Nike is undergoing a massive operational reset. In a move that signals a significant shift in corporate strategy, the sportswear giant is consolidating its global technology functions back to its Portland headquarters.
The Shift: Just two years ago, the strategy focused on expansion in hubs like Atlanta for #Al and #Cybersecurity.
Today, the focus has shifted to simplification. By closing tech offices in #Atlanta, #China, and #Poland, Nike is aiming to strip away organizational layers and align its tech talent more closely with core business priorities.
The Context:
Job Cuts: Part of a broader restructuring expected to eliminate ~1,400 roles.
Direct-to-Consumer (D2C) Reassessment: As growth in digital retail moderates, Nike is

No mention of all the jobs they cut in tech in the US getting reposted to rehire in India

I've stopped learning people's names. By the time I figure out who reports to whom, they reorganize again and everyone moves. It's been three or four restructures since I started. None of them made anything better.

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

I am so confused and anxious... Is this layoff wave actually over?
I went through every single thread and what I am seeing is conflicting. People around me including my manager are clueless, rumors and guessing. Here I see that some posters say all impacted employees were already notified and May is done. Others report sameday notifications still happening, “quick catch up” meetings appearing, and leadership is refusing to guarantee no further cuts.... also - multiple posts suggest that phased restructuring will go thru June. Some say September. WTF???

Medical device company Medtronic is reorganizing its cardiovascular division. Multiple heart and blood circulation businesses are being combined. This move targets high-growth areas and strategic investments. Medtronic's stock price has fallen significantly since late November. Employees have reported job cuts, but the company did not confirm layoffs.

Fridley, Minnesota

https://www.startribune.com/medtronic-restructuring/601838496

Biotech layoffs are slowing in 2026 compared to the previous year. BioNTech announced a major restructuring, eliminating 1,860 jobs. Vistagen reduced its workforce by 20% after a dr-g trial failure. Replimune cut 224 positions following an FDA dr-g rejection. Takeda and Merck also implemented significant job reductions due to various pressures.

https://www.pharmavoice.com/news/biotech-layoffs-pharma-dr-g-jobs/819649/

BILL Holdings, Inc. reported solid financial results for its third fiscal quarter. Total revenue reached $406.6 million, a 13% increase year-over-year. The company also announced a major restructuring plan to reduce its workforce by up to 30%. This restructuring is expected to incur $30 million to $60 million in charges. Concurrently, the board authorized a new $1.0 billion share repurchase program.

San Jose, California

https://www.stocktitan.net/sec-filings/BILL/8-k-bill-holdings-inc-reports-material-event-a30cd671905e.html

Ticketmaster cut approximately 350 jobs globally. This reduction represents 8% of its total workforce. The layoffs primarily affected engineering, product, and design teams. The company cited stronger prioritization and restructuring efforts.

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

Fidelity is implementing job reductions this week. Reports indicate 800 to 1,000 positions are affected. These changes follow a recent office return directive. The firm also plans to hire thousands of new staff. Restructuring impacts technology and product groups.

Boston, Massachusetts

https://www.thinkadvisor.com/2026/05/07/fidelity-laying-off-staff/

https://www.startribune.com/medtronic-restructuring/601838496

This is a bold statement by the Medtronic spokesman.

“ The restructuring is one of several since 2020, and employees have reported the latest one is occurring in tandem with layoffs.
A Medtronic spokesman declined to confirm any layoffs, saying in an email that he would not comment on “rumors of staffing changes.”
He added that the company’s hiring in recent years has outpaced any reductions — especially in the United States.
“What I will point out is that as Medtronic sharpens its focus on high-opportunity, high-growth areas, we’re making thoughtful decisions about where to invest,” spokesman Justin Paquette said in an email.”

Any guesses on total headcount reductions?

I read on teamblind reports that another former Apple Cobbler Senior Manager left the Skunk works. By the sound of it they were axed not voluntarily left on their own and no replacement announced sounds like corp. restructuring. DF was the first domino, wishing my CA colleagues the best. Polish your resumes!

Ticketmaster has laid off approximately 350 employees across its operations. These cuts affect various functions within the company. The firm aims to increase focus on fewer initiatives. It plans to bring more software development in-house. This restructuring prioritizes engineering, product, and design divisions.

https://www.iqmagazine.com/2026/05/ticketmaster-confirms-around-350-layoffs/

Delta Air Lines confirmed organizational restructuring is underway. This includes some level of workforce reduction. The airline disputes rumors of massive 8% layoffs. Changes are driven by organizational needs, not external factors like oil prices or AI. Several top-level executives recently retired.

Atlanta, Georgia

https://liveandletsfly.com/delta-air-lines-layoffs/

Sturm, Ruger & Co. implemented job cuts earlier this year. The firearms manufacturer disclosed these layoffs in its first-quarter earnings report. This "reduction-in-force" occurred in February as part of a restructuring effort. The company aims to improve efficiency and support long-term growth. Ruger recorded $2.5 million in severance and related expenses.

Southport, Connecticut

https://hartfordbusiness.com/article/ct-gunmaker-ruger-discloses-layoffs-amid-restructuring-efforts/

Arctic Wolf eliminated approximately 250 jobs in 2026. This affected multiple teams, including sales, product development, and marketing. The cybersecurity vendor is restructuring to invest more in artificial intelligence. This investment focuses on its superintelligence platform and agentic Security Operations Centre. Canadian employees have contacted a law firm regarding severance offers.

https://stlawyers.ca/blog-news/arctic-wolf-layoffs/

Cybersecurity vendor Arctic Wolf laid off 250 workers. This restructuring aims to boost investment in AI initiatives. The cuts affect less than 10 percent of its total workforce. Sales, product development, and marketing roles were impacted. The company plans to focus on its Superintelligence platform and Agentic SOC.

https://www.theregister.com/ai-and-ml/2026/05/06/arctic-wolf-cuts-250-jobs-in-ai-push/5231213

Some major product line sales are being considered as the demand shifts towards the profitable and relatively low cost drone business. .
Electronic warfare, (avionics) is on the chopping block. No need to retool or retrain. Old sites like Clifton and Rochester will likely close in the coming year.

The University of Kentucky is laying off over 1,000 employees. The affected staff includes 926 food service personnel. UK HealthCare will eliminate 61 positions due to restructuring. Another 36 jobs in Behavioral Science are also being cut. These layoffs are part of a broader university reorganization.

Lexington, Kentucky

https://kentuckylantern.com/2026/05/06/hundreds-of-employees-at-the-university-of-kentucky-will-be-laid-off-federal-notices-show/

Posts on this site are personal reactions to what BNY employees are actually living through.

The feedback here is about executive leadership’s silence around McKinsey‑driven cost restructuring, real‑estate closures and consolidations, RTO used as a filtering mechanism, and a culture that’s become increasingly toxic and opaque. People aren’t imagining this; they’re documenting it in real-time.

When raises and bonuses are insignificant, when communication is intentionally vague, and when “efficiency” becomes a euphemism for unannounced layoffs, employees are going to talk — especially when leadership won’t. That’s why this forum looks the way it does. It’s not about traffic or ad revenue. It’s because BNY associates have nowhere else to get honest information about what’s happening behind the curtain.

If leadership communicated transparently, this board wouldn’t have to do the job for them.

Freshworks is reducing its global workforce by approximately 500 employees. This represents about 11 percent of its total staff. The company attributes these layoffs to an AI-focused restructuring strategy. CEO Dennis Woodside stated that over half of Freshworks’ code is now written by AI. This automation has reduced repetitive work across various functions.

https://www.storyboard18.com/brand-marketing/freshworks-layoffs-over-half-of-our-code-is-written-by-ai-says-ceo-as-firm-cuts-500-jobs-97275.htm

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

The Camden School District laid off around 100 employees recently. Students, staff, and community members strongly opposed these job cuts. District officials stated the changes are part of a restructuring effort. They aim to eliminate some positions while creating new ones. Affected staff are encouraged to apply for the upcoming roles.

Camden

https://www.nbcphiladelphia.com/news/local/we-are-down-to-the-bone-camden-layoffs-faces-backlash-from-students-staff/4397537/?amp=1

FA will be undergoing a massive change. Expect more layoffs and restructuring

There’s more to come —potentially a full-scale overhaul of Henry Schein and its subsidiaries. The process raises serious concerns, and it warrants government scrutiny. The continued shift of jobs overseas to India, is destroying the US workforce.

A healthy company hires when it needs to and keeps people when they're doing good work. A failing company cuts over and over, calls it restructuring, and pretends things are fine. We've been through how many rounds in the last few years? Certainly too many. That's not a sign of a strong organization.

Do we know anything?

Tenneco will close its Smithville, Tennessee plant by mid-2027. This closure affects 146 employees at the Grizzly Lane facility. Another Tenneco plant on East Broad Street will remain open. The decision is part of global restructuring due to auto industry challenges. Tenneco offers assistance programs, career services, and severance packages.

Smithville, Tennessee

https://www.herald-citizen.com/smithville/news/local/tenneco-plant-closing/article_b3c33697-df06-55bd-80a5-bf1ff00d60dc.html

The Q1 2026 results strengthen the case that leadership will keep pushing productivity, automation, AI, severance, consolidation and expense control. The company is not in existential danger based on results but the numbers are weak enough that employees should assume continued restructuring risk. I wouldn't interpret this as a reason to panic yet.