#restructuring

Posts mentioning hashtag #restructuring

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Amazon Continues Corporate Job Cuts

Amazon has initiated another round of corporate job reductions, impacting roles within its e-store and devices divisions. These recent layoffs, totaling fewer than 1,000 in the e-store and approximately 250 in devices and services, follow larger waves of job cuts from late 2025 and early 2026. The company's strategy appears to involve smaller, more frequent layoffs, a pattern observed across the tech industry. This approach, while potentially efficient for resource management, can foster employee uncertainty and negatively affect morale. Despite these cuts, Amazon's retail and web services segments have reported strong financial performance.

https://www.inc.com/chloe-rosenberg/amazon-is-cutting-jobs-again-the-size-of-the-layoffs-isnt-the-most-alarming-part/91430970


Kraft Heinz Divests Coffee Unit, Cavana Announces Job Cuts

Kraft Heinz is selling its coffee business as part of a strategic shift. The company is also undergoing layoffs at Cavana. Further details on the coffee business sale were not provided. The extent of the job reductions at Cavana remains undisclosed. These actions reflect ongoing changes within the food and beverage industry.

Tampa, Florida

https://www.clickorlando.com/video/news/2026/11/05/money-matters-kraft-heinz-to-sell-its-coffee-business-layoffs-at-cavana/


ServiceNow Cuts More Global Jobs

ServiceNow is implementing another round of global workforce reductions. These layoffs are reportedly affecting various departments including CSM, Marketing, Media, and CEG. Employees in the United States, United Kingdom, and India have been impacted by these recent cuts. This follows recent comments from the CEO about a smaller workforce and a significant stock price drop after Q3 earnings. The company stated these are necessary structural changes to drive efficiencies and invest in AI skills.

Santa Clara, California

https://nowben.com/exclusive-more-servicenow-layoffs-after-its-worst-stock-drop-in-history/


Security Layoffs

I came across a post mentioning that Exposure Management, Cyber Defense, AI Security, and Network Operations roles could be eliminated as part of the restructuring and transformation planned for 2027.

Does this indicate that Verizon is planning to lay off its entire Security team, or is this similar to previous restructuring exercises, where lower-level bands are targeted to reduce headcount while protecting upper management positions?


Hotel Chains Cut Corporate Roles Amid Staffing Gaps

Major hotel companies are reducing their corporate staff while struggling to fill frontline positions. Marriott International confirmed layoffs impacting human resources and IT departments. Wyndham Hotels & Resorts also underwent restructuring, moving corporate functions to shared services centers. Kempinski saw senior executive departures, and Sonesta International Hotels Corporation cut jobs in marketing and communications. This trend highlights a growing divide between corporate job security and frontline labor shortages in the hospitality industry.

United States

https://www.chinatravelnews.com/article/190967/


Ithaca College Faces Staffing Cuts Amid Financial Woes

Ithaca College is confronting significant financial challenges, leading to discussions about potential faculty and staff layoffs. The administration is working to address an $8 million fiscal deficit projected by 2027. While a spokesperson confirmed a review of staff positions, they stated that faculty positions are not currently being targeted for elimination. The college has experienced years of financial struggles, a common issue for small liberal arts institutions. This news follows recent leadership turnover and a proposed restructuring of the college's academic schools.

Ithaca, New York

https://ithacavoice.org/2026/11/ithaca-college-layoffs-faculty/


WTS set up for failure

It’s clear that if you work for WTS you have been lied to. The idea that they want to grow the company with you, WTS, couldn’t be farther from the truth. The truth is all of the money and investments from CUSA are in the PPS and Enterprise divisions.

Did you know the company is creating new Enterprise sales roles with a starting salary of $80k? Look for yourself. How does that make the rep who has worked for WTS making $55k feel? As a WTS rep are you too wondering where the Q4 promotions are that will help you financially? Not there. Well why would they be if they don’t care about the future of WTS. They have you on the cheap right now and don’t need you moving forward so why not save a couple bucks?

Last but not least, our company is being run by two individuals that could retire tomorrow (oh and they will). Don’t think that MO and MM are on contracts simply to see this division through until they could shut down WTS and push retail to the dealerships. Don’t let MO lie to your face when he tells you that he needs you. It’s a big fat lie.


The people doing the work keep getting sacrificed

I've watched the people actually producing results lose their jobs in every single layoff - and there's been plenty of those this year - while the management structure remains largely untouched. I guess they think the easiest way to reorganize is to remove employees and leave the bosses in place? But who'll be doing the work when most of us are gone?


Laid Off While Pregnant Today – Anyone Else Affected by the Recent Restructuring?

I disclosed my pregnancy to the company on October 6, 2027, and was notified this afternoon 11/4/2026 that my position was being eliminated as part of a company restructuring. I am in Data Science team, based in US.

The company has not provided clear information about the overall scope of the layoffs, including how many employees or what percentage of the workforce were impacted. Given the timing, I have concerns about whether this was truly part of a broader company-wide restructuring or whether the decision may have been selective.

If you are also impacted or know someone in your team/company are impacted by this round of layoff, I am appreciate if you can share :

  1. When were you notified of your layoff?
  2. Which teams, departments, or functions are you in? Were entire teams or functions eliminated, or were individual employees selectively impacted within otherwise retained teams?
  3. Do you know whether other departments were also affected by the layoffs?
  4. Do you know approximately when the layoff decisions were made or put into effect?
  5. Was your position actually eliminated, or were your responsibilities reassigned to someone else?
  6. Were layoffs limited to certain offices, locations, or business units, or were they company-wide? If anyone knows

Any information, even small datapoints, would be greatly appreciated. Thank you for helping me understand what actually happened.


No Q3 Results Investors Call

https://finance.yahoo.com/markets/stocks/articles/optimum-report-q3-2026-financial-130000796.html

No earnings call = maximum legal protection in the final stretch.

The legal reality

Every word said on an earnings call is a potential securities liability. Executives answer analyst questions in real time, and in bankruptcy proceedings those statements get scrutinized. If an executive says something optimistic about the business outlook two weeks before a Chapter 11 filing, that's the kind of thing that generates litigation later. Cancelling the call eliminates that risk entirely.

What it signals about timing

Companies cancel earnings calls for restructuring reasons when the filing is imminent — not months away, not "we're exploring options." If the filing were still 60-90 days out, they'd hold the call, give careful prepared remarks, and dodge analyst questions with "we can't comment on the restructuring process." The fact that they won't even do that tells you the window between the 10-Q filing and the Chapter 11 petition is very short.

What they're doing instead

Filing the 10-Q on Friday satisfies their SEC regulatory obligation. That's the minimum they're legally required to do as a public company, and that's exactly what they're doing — the minimum. No webcast, no prepared remarks, no analyst Q&A, no replay. Just the document.

The industry read

When a company under restructuring pressure skips the earnings call, every creditor, analyst, and restructuring professional reads it the same way: the RSA is either signed or days from being signed, and the petition follows shortly after. This is a well-worn playbook. It's not ambiguous.

Bottom line

The 10-Q filing on Friday is the last required public communication before the Chapter 11 petition. No earnings call means no public commitments, no recorded statements, no analyst questions on the record. The company is in legal lockdown mode. Everything after Friday points toward the courthouse.


Would buying a PBM even mattered? CVS to split from their PBM.

CVS Health said Wednesday it is splitting into two companies, marking one of the largest shakeups in the healthcare industry. It’s a major reversal of the mergers that brought together the nation’s largest dr-gstore retailer along with health insurance giant Aetna and pharmacy benefit manager Caremark.

One company, which would house CVS’s 9,000 retail pharmacies, mail order pharmacy, specialty dr-g business and MinuteClinic, will be named CVS Pharmacy.

The other, comprising of Aetna, Caremark and two companies that CVS acquired that provide primary care and in-home health evaluations to senior citizens, will be called CVS Health in the interim.

The separation is expected to close in early 2028.


Circle Workforce Reduction Detailed in Financials

Circle, the issuer of USDC, reduced its workforce by approximately 5% during the third quarter. This action was disclosed in the footnotes of the company's financial statements. The company incurred $9.1 million in restructuring expenses related to these layoffs. Despite these costs, Circle reported a net income of $226 million from continuing operations. The workforce reduction aimed to better align the organization with strategic priorities.

https://bitcoinfoundation.org/news/companies/circle-cuts-5-of-staff-despite-226m-in-q3-net-income/


Canva Reduces Workforce by 22%

Design software company Canva has announced significant layoffs, impacting 1,271 employees, which represents 22% of its total workforce. This decision comes as the company experiences a slowdown in its growth rate for the first time in a decade. CEO Melanie Perkins cited the need for change to ensure future success despite past achievements. The company is also reorganizing teams and adjusting its operational strategies. These changes are occurring alongside increased AI development costs and growing competition.

https://techcrunch.com/2026/11/04/canva-lays-off-over-1200-people-amid-slowing-growth/


Target Slashes Corporate Roles

Retailer Target is eliminating 1,800 corporate positions as part of a restructuring effort. These cuts will disproportionately affect management roles. The company stated the changes are intended to increase agility and speed up decision-making, not solely for cost savings. Employees impacted will receive pay, benefits, and severance packages. This move comes as Target navigates sales challenges and a CEO transition.

https://abcnews.com/US/target-announces-plan-eliminate-1800-corporate-jobs/story?id=126818365


Canva Restructures, Cuts Over 1,200 Roles

Canva is undergoing a significant restructure, impacting 1,271 employees as the company aims to "refound" itself for future growth. This decision comes after a period of slowed revenue growth and investor markdowns on the company's valuation. Founder Melanie Perkins described the past year as the company's "hardest yet," necessitating these changes to foster agility. The company is also shifting its work policy, making Sydney a key product center and requiring more in-office days. Departing employees will receive substantial severance packages and support for future ventures.

Sydney, Australia

https://www.forbes.com.au/news/innovation/canva-layoffs-impact-1200-employees/


Amazon State Layoffs Part of Ongoing Reductions

Amazon has disclosed approximately 95 job cuts in Washington state, primarily affecting its retail business. These reductions are not a new wave of layoffs but rather a continuation of previously announced workforce adjustments. The affected roles include software engineers, product managers, and program managers, with most employees based in Seattle. This notice specifically covers Washington state employees and is part of a broader restructuring within Amazon's Stores unit. Employees were notified of these changes over several months, with some receiving notice as early as July.

Seattle, Washington

https://www.geekwire.com/2026/filing-amazons-previously-announced-layoffs-include-95-jobs-in-washington-state/


It truly is the end of an era

CVS to Split Off Pharmacy Business, Ending the Healthcare Conglomerate Era

In a breakup planned for 2028, CVS Health intends to split off its pharmacies into a new company, while keeping together its businesses in insurance and pharmacy benefits.

https://www.nytimes.com/2026/11/04/business/cvs-health-split.html


Allstate IT Leadership Incompetence!

I had the opportunity to attend numerous meetings and conference calls involving Zulfi and Kamal during my time in Allstate IT. What struck me repeatedly was not the depth of strategic discussion, but the lack of it.

I vividly remember meetings with dozens of attendees where significant time was consumed by basic IT and UI-level questions that a senior technology executive should already have understood. Rather than driving architecture, engineering, and business outcomes, conversations often stalled on fundamentals.

One example that has stayed with me was the decision not to perform a full ASC data conversion because of the associated cost, which was said to be in the hundreds of millions of dollars. Instead, the organization layered batch processes and relational-system workarounds onto the existing environment. The result was an architecture that was repeatedly described as "microservices" but remained burdened by complex legacy dependencies.

What is particularly troubling is that data conversion costs and complexities are neither unexpected nor unusual. A technology leader operating at that level should account for those realities at the outset of a transformation program. Data conversion is frequently one of the largest line items in any modernization effort, and its cost should be incorporated into the business case, architecture strategy, and long-term financial planning from day one.

Instead, the organization appeared to choose short-term cost avoidance over long-term architectural integrity. In practice, this meant placing a modern microservices front end over a foundation of legacy batch processing and relational systems. To many technologists, that looked less like genuine modernization and more like applying a cosmetic layer over fundamental architectural limitations.

The irony is that avoiding a major data conversion does not eliminate costs; it merely shifts them elsewhere. The technical debt created by maintaining hybrid architectures, integration layers, duplicate processing, reconciliation logic, and operational workarounds can persist for years. Those costs appear in maintenance budgets, project delays, reduced agility, increased complexity, and ultimately in the total cost of ownership.

This raises a broader question of leadership accountability. If hundreds of millions of dollars in conversion costs were foreseeable, why were they not adequately incorporated into the modernization strategy from the beginning? Effective technology leadership requires evaluating the full lifecycle cost of architectural decisions, not merely the initial implementation expense.

Meanwhile, departments were consolidated, headcount was reduced, and careers were disrupted in the name of efficiency. Yet many of the underlying architectural problems remained unsolved. Over the years, thousands of employees were affected by repeated reorganizations, outsourcing initiatives, and failed or incomplete transformation efforts, while the organization continued to struggle with many of the same core technology challenges.

Among architects and technical professionals, there was a widespread belief that these issues were understood internally, even if they were not openly discussed at the highest levels. Many hoped that senior leadership would eventually recognize the pattern and bring greater technical accountability to IT decision-making.

After nearly a decade, the consequences of those decisions are becoming increasingly difficult to ignore.


Silverton Mortgage Cuts Staff Post-Acquisition

Silverton Mortgage is implementing layoffs following its integration with a larger homebuilder. This move is a direct consequence of the acquisition by Taylor Morrison, a company that also provides financial services. The affected positions are being eliminated as part of this strategic consolidation. This integration aims to streamline operations and leverage combined resources. The company is undergoing significant changes after the deal.

Atlanta, Georgia

https://www.bizjournals.com/atlanta/news/2026/11/02/silverton-mortgage-job-cuts-atlanta.html


The Transformation Playbook: Shrink Headcount, Expand Offshore, Repeat

Headcount doesn’t usually “bleed out” overnight. The warning signs show up long before the announcement.

At BNY, the biggest red flags are already visible: headcount declining without major layoff announcements, growing hiring in lower‑cost hubs like India and Poland, jobs leaving without being backfilled, office consolidations, constant reorganizations, and leadership talking nonstop about efficiency, operating leverage, automation, and AI.

None of those things automatically mean layoffs, but when they all show up together, it usually means restructuring is already happening behind the scenes.

The pattern employees keep describing on this forum is simple and unavoidable: fewer people, more work shifted offshore, more automation, more role consolidation, and fewer opportunities for experienced U.S. workers.

By the time a formal layoff is announced, the process is often well underway. The strongest signal isn't a press release or WARN notice It's watching headcount quietly shrink while leadership continues talking about transformation, operating leverage, productivity, and efficiency gains.

Don't expect any public communications from BNY. In fact, the last publicly available U.S. WARN Notice was from the Jersey City location in January 2024 for only 62 positions. Leadership won't ever describe these as "layoffs" but as "outcomes of the business."

Looks like Leadership will continue to be force feed us a strict Word Salad Diet. The Transformation Playbook says so.


Historical Society Staff Dismissed Amid Restructuring

The Bar Harbor Historical Society has terminated its entire staff, citing financial concerns and a need for organizational restructuring. Board members informed the staff of the decision on October 28th, with some positions ending immediately and others on November 9th. Former employees expressed shock and worry about the impact on their families and the community's access to historical resources. The board stated this was a difficult but necessary business decision to strengthen the organization for the future. They plan to reassess operations and staffing needs for 2027.

https://barharborstory.com/2026/11/03/bar-harbor-historical-society-board-eliminates-all-staff-positions/

Bar Harbor, Maine


Comcast Announces Significant Workforce Reductions

Comcast has initiated a substantial layoff process impacting nearly 1,000 employees across multiple states. These reductions are part of a broader restructuring and cost transformation initiative. WARN filings reveal job cuts in Pennsylvania, Washington, New Jersey, and California. The company is also creating new positions, offering affected employees opportunities to transition. These separations are scheduled to begin by the end of 2026 and continue into early 2027.

https://www.lightreading.com/cable-technology/comcast-state-level-layoff-warnings-start-to-roll-in


Squarespace Cuts Workforce by 19 Percent

Website builder Squarespace is reducing its workforce by 19 percent, impacting approximately 300 employees. This decision is part of an effort to simplify operations and sharpen company priorities. The company stated these changes are intended to position Squarespace for future growth. Affected employees will receive 16 weeks of pay and continued healthcare benefits. These layoffs follow Squarespace's recent AI integration and acquisition by Permira.

https://www.theverge.com/tech/1024447/squarespace-layoffs-19-percent


Apptegy Restructures Workforce

The education technology company Apptegy has recently undergone a restructuring. This process resulted in the elimination of a number of positions within the company. Apptegy declined to specify the exact number of employees affected by these layoffs. The company stated that the changes were made to align and restructure the team structure. Apptegy remains committed to serving its school districts and municipality partners.

Little Rock, Arkansas

https://www.arkansasbusiness.com/article/apptegy-confirms-layoffs-in-restructuring-process/


Texas Industrial Medical Files Chapter 11

Texas Industrial Medical, LLC has voluntarily filed for Chapter 11 bankruptcy protection. The company serves businesses and their employees, providing industrial medical services. This filing allows the firm to reorganize its debts while continuing operations. The petition was submitted on October 27th and classifies the company as a small business debtor. Texas Industrial Medical, LLC listed over 100 creditors in its filing.

Houston, Texas

https://whatnow.com/news/trending/a-healthcare-business-has-been-serving-industrial-workers-for-35-years-files-for-chapter-11/


Goodyear Plant Cuts 51 Jobs

Goodyear is laying off 51 employees at its Niagara Falls plant. This reduction is part of a larger plan to eliminate 85 positions across two chemical facilities. The company aims to complete these workforce adjustments by the end of 2027. This move signifies a significant restructuring for Goodyear's chemical operations. The affected plant is located in Niagara Falls.

Niagara Falls, New York

https://www.bizjournals.com/buffalo/news/2026/10/28/niagara-falls-goodyear-plant-51-layoffs.html


Virgin Media O2 Plans Major Job Cuts

Virgin Media O2 is reportedly planning significant layoffs as part of a broad restructuring initiative. The company aims to reduce operating costs through these measures. Approximately 4,000 employees, or about a quarter of its workforce, may be affected. These redundancies are expected to primarily impact non-customer-facing roles. The company has not officially confirmed these plans.

London, United Kingdom

https://www.ndtvprofit.com/business/virgin-media-o2-layoffs-up-to-4-000-jobs-at-risk-in-major-restructuring-report-says-12263534


pipin'

Exxon just reported $15B+ in quarterly profits, $16B+ in cost savings since 2019 and we're still talking about PIPs and people getting pushed out. remember those 2K job cuts announced last year? now more discussions about performance plans, restructuring, people wondering how long they have left. PIP, layoff, fired... different names but same result if you're the one leaving. doesn't seem like this is slowing down...