#restructuring

When EH first came on, he mentioned how Nike would be turning a new page and lay offs wouldn’t be like the past. More of a restructuring of roles rather than saying goodbye to teammates. Since then, it’s been lay-off after layoffs, more than the JD era it seems. And even with all these lay offs, the stock is lower than it’s ever been. Maybe he was just blowing smoke up our as--s, but makes it hard to trust leadership when they do the opposite of what they promise and then also kicks our stock/part of our pay in the gonads. Just get a double whammy.

Guys, look there is a plan.. plan is signed off (hence all hands today)
The plan is to close, exist or sell most
Of EMEA

Check the 10-Q
ORCL has increased the budget for restructuring
Look at https://d18rn0p25nwr6d.cloudfront.net/CIK-0001341439/751a926c-6f62-4baf-8f51-80cbcafdc616.pdf and search for "Restructuring Plan"

$982m has been spent from a budget of $2,103

That means over $1.1bn will be spent on restructuring (layoffs) in Q4.

The storm is coming

Crunchyroll is experiencing a new round of job reductions. This follows previous job cuts from Summer 2025. The company confirmed a new restructuring for 2026. A former Senior Product Designer announced her departure. The total number of affected employees remains unconfirmed.

https://www.imdb.com/fr/news/ni65744821/?ref_=tt_nwr_1

Harry & David's Medford location has reportedly laid off about 100 employees. One affected worker confirmed their termination to NewsWatch 12. The company cited restructuring and a need for cuts due to financial difficulties. Employees received no prior warning about these unexpected layoffs. NewsWatch 12 is seeking further details from Harry & David and 1-800-Flowers.

Medford, Oregon

https://www.kdrv.com/news/top-stories/one-confirmed-harry-david-employee-was-laid-off-with-about-100-layoffs-reported/article_feed4db5-42d7-4349-94d3-8f19026c9179.html

Heard a rumor that this restructuring led to somewhere near 50 people getting title changes like “soft demotions“ and it’s in these people didn’t even lose their salary but they’re going to be asked to train others on what they do and then demote them further (with pay cut) or eliminate them by end of Q4

We know there's another $600M for 'restructuring' left in this fiscal year, and we know another RIF is likely coming in Q1/June. So wtf, when is the axe going to fall next?

the remaining restructuring budget mentioned in report is : $639M

if they target high-pay areas (US/Canada Seniors): The number of layoffs will be lower (closer to 10k–12k) because the $639M will run out faster.

If they target low-pay areas (Global Support/QA): They can easily hit the 20,000 number to reach that 30k total. - this include the 10k from late 2025 as its under the same budget mentioned in the earning reports

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 ?

Lake Worth ISD Superintendent Mark Ramirez resigned. District trustees also approved staff layoffs. These cuts are part of a campus restructuring plan. The changes focus on Miller Language Academy. This follows state intervention for poor academic performance.

https://fortworthreport.org/2026/03/10/lake-worth-schools-superintendent-ramirez-resigns-trustees-approve-layoffs/

Effective 4/1 , every reps account assignments will be slimmed down to 20-40 accounts in total. The remainder will be moved to inside sales. Expect more layoffs, compensation will be moved to net new client acquisition (make the same but you have to convince new businesses to work with this horrendous business - in other words , make a lot less). Good luck everyone. I feel sorry for all the great customers that will no longer have the coverage they need to support them. This is embarrassing.

I saw some comments about how there is a push from leadership to restructure teams into a 30:70 - U.S.:HIH split.

I wanted to see if multiple people can verify this.

I know HIH is growing and they’re cutting US FTE but how true is the 30:70 split? If it’s true, then that’s all of us finished in the US

Tech layoffs reached over 45,000 globally in early 2026. Approximately 20% of these reductions, totaling over 9,200 jobs, are linked to AI implementation. Block accounted for the largest single cut with 4,000 layoffs, driven by AI tool capabilities. Other companies like WiseTech Global, Livspace, eBay, and Pinterest also reduced staff due to AI strategies. Firms are restructuring operations around AI-driven workflows to boost efficiency and automate tasks.

https://technode.global/2026/03/09/2026-tech-layoffs-reach-45000-in-march-more-than-9200-due-to-ai-and-automation-rationalfx/

Restructuring solves nothing, breaks plenty. Vacancies never get filled, teams just get more stretched and bitter.

And they always cut the wrong people. Not that the rest of us are useless. We're not. But without fail, they boot the one person who actually mattered - the skilled one, the experienced one, the glue who kept the team from falling apart. Every single time.

It boggles the mind, really. Especially when you see the same pattern repeating itself for so many years.

SK On laid off nearly 1,000 workers. The layoffs occurred at its Georgia battery plant. The decision stems from slowing electric vehicle demand. This reduction affects about 37 percent of the plant's workforce. The company cited restructuring efforts and market conditions.

https://hr.economictimes.indiatimes.com/news/workplace-4-0/talent-management/sk-on-lays-off-nearly-1000-workers-at-us-battery-plant-amid-ev-slowdown/129202614

BlueOval SK is reducing its workforce by 150 positions. This action follows a restructuring of its U.S. battery manufacturing operations. The joint venture between Ford Motor Co. and SK On is dissolving. SK On will now solely own and operate the Tennessee plant. Affected employees will receive regular pay and benefits for 60 days.

https://www.commercialappeal.com/story/money/business/2026/03/06/blueoval-sk-to-layoff-150-workers-tennessee/89024992007/

With the reorganization that’s been happening lately, and hearing there may be more changes coming, it seems like it could be part of preparing the company for a smoother acquisition.

In situations like this, layoffs sometimes continue periodically leading up to a sale. After the deal is completed, there’s often another round of restructuring during the integration phase, which can happen about six months to a year after the sale. In some cases, there may even be another round if the acquiring company decides to consolidate teams or overlapping roles.

Are we done with the big changes or is there still more planned and coming soon?

https://www.reuters.com/sustainability/sustainable-finance-reporting/nike-records-300-million-restructuring-charges-after-recent-layoffs-2026-03-05/

300$ million sounds like a really high number and not adequately explained by recent Converse and DC actions, IMO. point being the upcoming purge is going to be big!
Please comment.

Hi all,

I recently received an offer from PayPal. However, I’ve been seeing a lot of concerns on Blind about potential layoffs, especially with the recent CEO change and stock price drops.

Does anyone know how PayPal typically handles layoffs with very recent hires? Are new hires usually affected in restructuring rounds?

Also, if layoffs were to happen, how soon will be?

Any insights from current or former employees would be really helpful. Thanks!

Morgan Stanley will reduce its workforce by three percent. Around 2,500 staff members will be affected. The firm aims for strategic restructuring and efficiency. This follows a similar workforce reduction in March 2025. Other financial firms have also announced recent job cuts.

https://eand.co/morgan-stanley-layoffs-bank-to-cut-3-workforce-across-divisions

https://x.com/TheLayoff/status/2029461591302058183

Grok Summary:

• The post signals renewed layoff activity at Citigroup based on user reports and traffic surges on TheLayoff.com, aligning with the bank's multi-year plan to cut 20,000 jobs by end-2026 through restructuring and cost efficiencies.

• January 2026 saw 1,000 roles eliminated, with March targeting managing directors and senior staff in areas like KYC and AML, as confirmed by Reuters and Bloomberg reports, amid AI automation and offshoring to sites like Costa Rica.

• Employee discussions highlight risks for transformation and consent order roles, including 141 New Jersey positions via WARN notices for May-June separations, reflecting broader banking sector pressures on non-core functions.

• Key details on KYC-related layoffs in 2026 include:*

• Onshore KYC impacts in Florida: Recent reports indicate layoffs in KYC teams (including KYC Cards) in Miami, Fort Lauderdale, and Tampa. The work is reportedly being offshored to Costa Rica, with users noting struggles in handling cases post-transition due to cost-cutting priorities.

• KYC Small Business in San Antonio: An entire department (around 35 people) was reportedly laid off following a department-wide meeting (noted around a 10 AM Central time slot with a C14-level executive).

• Broader compliance/AML ties: Discussions mention AML (Anti-Money Laundering) impacts in locations like Tampa, often bundled with KYC under compliance/transformation efforts. Earlier threads queried whether KYC/AML teams (e.g., in Charlotte, NC) would be hit in March or June waves.

• Related WARN filings: Citigroup filed WARN notices in New Jersey affecting 141 employees, with separations scheduled between May 21 and June 14, 2026 (statewide, including Jersey City). These are part of the ongoing restructuring but not explicitly tied to KYC in public filings - though compliance roles often fall under such cuts.

Operation and Region reductions are coming in Q1 which will result in Layoffs for ODs, SSEMs, RMs, SEMs, AEs, and SEs.

Electronic Arts is cutting staff at its Vancouver-based Full Circle studio. These layoffs occur during a period of broad corporate change for the company. Management is reiterating support for ongoing projects like Skate. This restructuring aims to tighten execution around key franchises. The company is also managing a complex $55 billion acquisition process.

Vancouver, British Columbia, Canada

https://simplywall.st/stocks/us/media/nasdaq-ea/electronic-arts/news/electronic-arts-layoffs-test-confidence-in-skate-and-us55b-b

KSAT-12 implemented layoffs affecting about 20 employees. The station confirmed these were staffing adjustments. A producer said no one expected the job cuts. Affected employees received severance pay. The company cited a changing media climate and restructuring.

https://www.expressnews.com/lifestyle/article/ksat-layoffs-21953161.php

Bluum, a tech services company, will close its Irving facility. The company communicated this decision to the state. Bluum cited "strategic restructuring" as the reason. This explanation was provided in an official letter. The closure specifically impacts the Irving operation.

https://www.bizjournals.com/dallas/news/2026/03/02/tech-services-co-wine-distributor-plan-layoffs.html

BrewDog's UK brewing operations and 11 pubs were sold for $44 million. Tilray Brands acquired these assets after BrewDog entered administration. The restructuring led to 484 job losses and 38 UK bar closures. Small investors in BrewDog's crowdfunding program will not see a return. Tilray is separately negotiating to acquire BrewDog's U.S. and Australian assets.

Columbus, Ohio

https://www.columbusnavigator.com/brewdog-ownership-changes/

Boulder City Hospital will lay off approximately 70 employees. It is also ending several services, including patient stays over 24 hours. The facility is transitioning to a rural emergency hospital designation by May 1. This restructuring is driven by financial conditions and funding changes. The new designation provides financial incentives, including a significant annual subsidy.

https://www.fox5vegas.com/2026/03/03/boulder-city-hospital-layoffs-service-cuts-coming-facility-shifts-rural-emergency-designation/

What’s your reaction the the big SLT restructuring email?

Any news on the change for R2B? Heard it going to change from retail into office?

A significant layoff is expected soon on the retail side. I’ve heard from a source that leadership plans to convert up to 90% of corporate locations to indirect locations by the end of the summer.

No hikes in near future. AI assisted coding but results in work extension. Where is motivation, everyone has limit. But I feel they will put on track with structured layoffs.
Don't know when, hearing ratings gathered, restructuring in progress. Anytime soon in couple of months

Between company cutting costs, restructuring, and all the AI talks.
And yes, bonus week...let's discuss!

AES has been acquired by BlackRock and will become a private company as part of the consortium. As a result, corporate policies and governance frameworks are expected to be reviewed and revised to align with the new ownership structure.

The existing severance or “poison pill” arrangements will apply only to Senior Leadership Team (SLT) members. Regular employees affected by the acquisition may not have the same level of defined protection, and further clarity will be needed regarding transition support.

The service organization is expected to undergo restructuring and may potentially be dismantled in order to drive efficiencies and leverage the holding company’s existing processes and infrastructure.

Operational independence will be established, with each entity managed individually under the new structure.

As a private company, AES will no longer be subject to public company reporting requirements. Financial management and oversight will operate under a different governance model, with reduced regulatory burden and streamlined processes compared to public market standards.

Let’s be real about why all support organizations are being moved under Vistance Networks: it’s to grease the wheels for selling off Ruckus and ANS.

By stripping IT, Finance, and HR out of the main entities, they’re effectively lowering the operating costs of the units they want to sell. Any buyer is going to have their own support infrastructure already in place; they don’t want our overhead. This move allows a buyer to "plug and play" the core business without the messy optics of immediate mass layoffs post-acquisition.

If you’ve been through a merger before, you know support staff are always the first to go. This restructuring just handles the "trimming" ahead of time to make the balance sheets look prettier for a handoff.

Bumping from @24p+1kgszbyzr.

Does anyone know how many people have been cut total? How many more to go before this "restructuring" is done? Are we done or not? I just want a date when I can stop being terrified every morning.

Layoffs were minimal and fairly non-existent this month which is not normal considering the previous 5 years. YAY! Well, Mavrick is officially rolling out in May and from what I've heard, a LARGE portion of those NDA workers are scheduled to be let go, along with a hefty amount in ISG/CSG and IT as well.

Obviously I don't know for fact here but, one of my sr directors mentioned this the other day in our 1x1 but pointed out that ISG/CSG and a good portion of MAV folks are planned to be let go. In his own words "it's gonna be bad."

Big changes in TA happening starting March. Is this going to lead to more layoffs? Looks like it's mostly about managers?

Citibank (Citi) has filed WARN notices in New Jersey regarding layoffs affecting 141 employees in early 2026, with separations occurring between May 21 and June 14, 2026, as part of a broader restructuring and AI automation strategy. These cuts are part of a 10% global workforce reduction and follow previous workforce reductions.
Key Details for Citi 2026 NJ Layoffs:
Total Affected: 141 employees.
Locations: Primarily impacted in New Jersey, including positions in Jersey City.
Dates: Separations are scheduled for May 21, May 27, June 2, June 6, June 7, and June 14, 2026.

Has anyone heard of nts and abfs techs splitting up again