#restructuring

Verily (Alphabet’s life sciences subsidiary)

• Medical device program, related teams
• Verily is shutting down its entire medical device program, resulting in layoffs and a broader strategic structure change. The CEO acknowledged the difficulty and praised the Devices team’s long-standing contributions.
• (Headquartered in South San Francisco, CA; layoffs possibly across facilities)

• https://timesofindia.indiatimes.com/technology/tech-news/googles-life-sciences-sister-company-verily-announces-layoffs-cuts-devices-program-read-memo/articleshow/123539907.cms

• Verily (second report round)

• Various departments reorganizing
• A second wave of layoffs at Verily is underway as the company further realigns priorities and supports affected employees. The CEO expressed appreciation for departing staff and reaffirmed the strategic realignment.
• (South San Francisco, CA region)
• https://timesofindia.indiatimes.com/technology/tech-news/googles-moonshot-division-verily-to-cut-jobs-what-ceo-stephen-gillett-told-laid-off-employees-in-memo/articleshow/123580591.cms

Company is offering ESRO then relocations in D9. Should all be in the books by the end of September.

Google AI: Medtronic Org structure is very deep, not flat. Will EM involvement drive middle or senior level of management layoff?

AI answer:

Involving activist investor Elliott Management (EM) at Medtronic is likely to drive layoffs at both the middle and senior management levels. While middle management is most vulnerable, senior management is also at risk due to a culture of long tenure and deep hierarchies.

-- Layoff risk for middle management
Middle management is most likely to be targeted in a push for a flatter, more efficient corporate structure.
Elliott's history: Elliott has a well-documented history of pushing for aggressive cost-cutting and workforce reductions at companies like Southwest Airlines and AT&T.
Operational inefficiencies: Medtronic has a deep, bureaucratic hierarchy with "excessive bureaucracy" noted in employee reviews. The newly formed Operating Committee, influenced by Elliott, is tasked with improving cost discipline and efficiency, which often means streamlining the organizational chart and reducing redundant management layers.
Redundant roles: Restructuring often involves pushing accountability down to the operating units, as CEO Geoff Martha has previously attempted. This makes layers of middle management that are not directly tied to revenue generation more vulnerable to elimination.

-- Layoff risk for senior management
While less common, senior management is not immune to restructurings influenced by activist investors.

Challenging the status quo: Elliott's approach challenges the "entrenchment of long-tenured executives" that can characterize large, stable companies like Medtronic. Elliott can advocate for leadership changes and board reshuffles, including CEO replacements.
Holding leaders accountable: The new board committees will hold senior leaders more accountable for the performance of their portfolios. The potential for divestitures and strategic shifts driven by Elliott puts the leaders of underperforming or non-core business units at a higher risk of being replaced.

Reshuffling and departures: The creation of new board committees and the shifting strategy often cause high-profile executives to depart, as seen in the recent exit of Medtronic CFO Karen Parkhill.

Potential outcomes

• Initial reductions: The process will likely start with cuts to operational and supply chain roles, as has already begun.
  Later-stage management cuts: These will be followed by more strategic trimming of middle and senior management roles to create a leaner, more agile leadership structure.
• Varying impact: As CEO Geoff Martha stated in a past restructuring, the impact will vary across teams, regions, and countries. Some departments, especially those tied to specific functions like manufacturing and supply chain, will see heavier reductions.

In summary, Elliott's involvement and Medtronic's focus on profitability will likely result in layoffs affecting both middle and senior management. While middle management is most at risk from cost-cutting initiatives, senior leaders in underperforming portfolios or those whose roles are deemed redundant will also face significant scrutiny and potential elimination.

Google AI: EM board members are hired to 2 boards within Medtronic. With EM's involvement, which business units will be likely pushed to improve the profitability? any chance of spin off more business units?

AI generated answer:
In August 2025, after engagement with activist investor Elliott Investment Management (often abbreviated as "EM"), Medtronic appointed two independent directors
John Groetelaars and Bill Jellison and created two new board committees. These new committees will target profitability across all business units, and further spin-offs are a significant possibility.

The new directors' backgrounds point to a focus on operations and portfolio management:

• John Groetelaars is a veteran medtech executive with experience in mergers and acquisitions (M&A).
• Bill Jellison is a seasoned finance executive with a background in operational improvements.

Business units targeted for profitability improvements

The newly formed board committees—the Growth Committee and the Operating Committee—will apply scrutiny to all of Medtronic's business units. Based on past performance and strategic reviews, the following portfolios and divisions are most likely to be pressured for margin improvement:

1. Medical Surgical Portfolio: This unit saw a decline in reported revenue in FY25 and only a modest organic increase. The Operating Committee will likely focus on improving efficiency within its global manufacturing, supply chain, and operations to boost margins.
2. Specialty Therapies (within Neuroscience): This division experienced a decline in organic revenue in Q1 FY26, in part due to challenges like volume-based procurement in China. The new directors will likely push for a more effective strategy to address these market-specific headwinds.
3. Cranial & Spinal Technologies (CST) (within Neuroscience): Although CST is generally a strong performer, the Growth Committee will look for opportunities to optimize its performance, possibly through more strategic tuck-in acquisitions or by better leveraging technology like the AiBLE™ spine surgery ecosystem.

Chance of more business unit spin-offs

The appointment of these new board members and the creation of the Growth Committee, which is explicitly tasked with evaluating "potential divestitures," significantly increase the probability of further spin-offs.

Evidence of activist influence: Medtronic's moves came after "constructive engagement with Elliott". Activist investors like Elliott Management are known for pressuring companies to sell or spin off underperforming or non-core assets to unlock shareholder value.

Successful model for spin-offs: The diabetes spin-off is a template for how Medtronic can create a more focused, higher-margin portfolio. It has already been deemed a successful strategy that improves margins and earnings per share.
Potential candidates: Any unit that underperforms on profitability or operates with a different business model could be a candidate for divestiture. This includes:
Less profitable parts of the Medical Surgical portfolio: If profitability doesn't improve, parts of this portfolio, which has underperformed its peers, could be on the block.
Sub-units within Neuroscience: While neuroscience is a high-growth area, specific sub-units with lower profit margins could face scrutiny.

The next significant milestone will be the Medtronic investor day in mid-2026, where the company will detail the work of the new committees and likely provide more information on its long-term strategy.

Nike needs significant restructuring. HR should be reduced by 70%, administrative staff by 80%, and E-Band positions by 90%. Wipro and other IT consulting contracts should be cut by 80%, with no additional contractors from India. Marketing and sales should be reduced by 60%. These changes alone would put Nike back on track.

The company suffers from weak leadership and excessive bloat. Elon Musk could likely run Nike more efficiently by eliminating 90% of its staff. My recommendations only target a few departments, but the problem is clear: Nike has hired far too many MBAs and degree-holders in business, marketing, and HR who add little to no real value. If you’re not building, you’re fired. The MBA culture has become a drain, filled with grifters who contribute nothing meaningful.

“We consistently analyze our business functions to ensure we are aligned and operate according to industry best practices. After a thorough review of our accounts payable function, we identified an opportunity to improve and modernize our current approach. This decision fundamentally changes the roles of the current team, leading to a tough but necessary decision to restructure the department,” Kettering Health said in a statement to News Center 7.

https://www.whio.com/news/local/kettering-health-announces-layoffs-department-restructure/MRMLYNQ2RVDMZMXH4HPSOMRJVY/

Why is Worldpay hiring so many roles? I mean we will be RIFing a huge part of their legacy org with moving a substantial amount of our combined company's work to Mexico, India, and Manila within the next 12 to 18 months, beginning with before year end, then Q1 and a substantial one in May 2026.

What a sellout, how sad.

I feel so sorry for everyone who’s been let go. I truly hope they’ll land on their feet quickly, with better opportunities and a bit more luck on their side.

500 people were let go in the US.

https://www.cnbc.com/2025/08/27/google-executive-says-company-has-cut-a-third-of-its-managers.html

https://www.cnbc.com/2025/08/27/google-executive-says-company-has-cut-a-third-of-its-managers.html?utm_source=Iterable&utm_medium=email&utm_campaign=newsletter-20250828

Can somebody please confirm this?

Symantec and Carbon Black are performing badly ??

What are people's thoughts on how ER will enable the firm to execute with more speed and efficiency? Honestly, I was optimistic when they first announced it because the firm had become so bloated and convoluted that it was difficult to get anything done. But the rollout seemed more focused on short term cost cutting and may seriously backfire on "increasing speed and efficiency" since we lost so much firm knowledge (aka the only people who know how to fix certain systems since they were part of creating them, people who know undocumented processes or work arounds for the many broken systems). I'm worried this will just make things so much worse and make jobs so much harder for those who remain. It's like leadership is operating on an entirely different plane of reality; one where we are a rocket ship instead of bogged down by decades of under investing in tech and poor process design. Over the past 2 years I have experienced them deprecating systems and teams in anticipation of solutions that never seem to materialize. The "running the business" work gets harder and harder with no end in sight.

Restructuring and layoffs are coming. Personally darlings, I think they will sell off a division in order to get the stock prices up.

Trump "America First" doctrine will mean the forced sale of Intel fabs outside of US. The fabs in Ireland and Israel are first on the chopping block, followed by the design centers in IDC Haifa and Bangalore. its over. Panther Lake will be the last product of Intel before selling this group to another fabless company.
Congratz LBT, you ki-led Intel. Good luck everyone.

Title: CSL Overhauls Business With Vaccine Spinout, 15 percent Layoffs
Company/Org: CSL
News Source: BioSpace
Location: Various, Global
Summary: CSL plans to spin out its vaccine business and reduce headcount by about 15 percent, targeting 500 to 550 million dollars in annualized savings over three years.
URL:https://www.biospace.com/business/csl-overhauls-business-with-vaccine-spinout-15-layoffs

Every time we had a meeting with our leaders, we're always told 'Man, It feels bad. Totally unprecedented. But we gotta keep our heads up. Support one another. Work leaner this year. Put aside all the angst and bottle it up.. etc'

Expect more layoffs and restructure in September/October 2025, especially for tech orgs. A lot of offloading being moved towards the Manilla and India teams. Our stock has dropped and is hovering in the high 80s, compared to 120 it used to be; but we can probably assume this economy under this administration isn't going to promote people to buy more (process more transactions)

Shell is shutting down Volta, the EV charging and media network it bought in 2023 for $169M. The company will dismantle more than 2,000 charging stations this year and lay off around 190 employees.

Volta’s model combined EV charging with ad screens to generate extra revenue, but it was losing about $140M annually and couldn’t meet sales targets. Shell reportedly tried to sell the business but found no buyer.

The decision marks a shift in Shell’s EV strategy toward high-speed charging at its own branded stations and hubs, rather than maintaining a separate ad-driven network.

https://share.google/fIXukQcWXjiR0vLTR

There doesn’t seem to have been any strategic assessment of ongoing projects or team structures. My team is literally falling apart, and it's only going to get worse. We've lost people who were critical to anything beyond routine backend tasks. What’s the point of such crude cuts? It feels like they’re more likely to create long-term problems than solve anything.

Heard a couple of Sr. Managers gone today.

Ulf’s org is the flavor of the week.

Some very senior managers laid off and are now looking for work as "engineers." Damn, those id--ts don't know the first thing about engineering. They've been milking the system for years. Best of luck finding a job, I suggest applying at McDonald's. Actually, lets not insult MacDonald's.

Envision group being gutted. Losing over 20 people and Foodbuy eliminating about 30. Most were long tenure associates with over 10 years of service with compensation over $120,000

I'm not in ISG and apprently it doesn't stand for "Inside sales group" lol... But it seems like ISG is almost always hit with an iron fist EVERY layoff. Is it just so over saturated and over hired for? It feels like at this point, there shouldn't be an ISG department left anymore...

https://news.yahoo.com/finance/news/quiet-cracking-dangerous-trend-affecting-133300885.html
quiet cracking refers to those who “gradually become mired in feeling both unappreciated by managers and closed off from career advancement while doing work they otherwise like

Economic uncertainty

Workload and job expectations

Poor leadership or uncertain company direction

Layoffs or restructuring

Lack of career advancement opportunities

https://www.yahoo.com/news/articles/quiet-cracking-latest-buzzword-hit-103802456.html

I recently chatted with a friend who specializes in restructurings, and she shared some thoughts on reimagined.

The duration and scale of this consulting project indicate that the target for headcount reduction is more than 15%.

ISPs are probably going to lose access to their laptops within a week. The 60-day period to reapply for other positions is likely nonsense. Once ISPs are informed, they won’t want them snapping photos of sensitive client data and sharing it on the dark web.

They probably had an idea of who they were letting go back in January. Typically, leaders assess their employees based on current skills and their potential for retraining.

Despite all the dishonesty and deceit, my friend believes PP is doing well. Her aim is to boost GP profits, and cutting over 1000 jobs will definitely enhance GP returns.

Happy Hunger Games!

https://www.efinancialcareers.com/news/citi-london-cuts

According to CentraCare, it’s unclear how many people will be affected by the cuts as they work to find positions for them within the healthcare providers’ network. The adjustments primarily affect administrative and support staff, who fill several non-medical roles such as billing specialists, IT workers, and maintenance crews, though some patient care positions will also be eliminated.

https://knsiradio.com/2025/08/12/centracare-restructuring-brings-layoffs/

CS, they will be promoted to VP/GM America's a new geo combining na and LA, GC will be transformed to apac and EMea will remain the same.

Congratulations to them once returned from sabbatical

https://www.aol.com/peloton-beats-expectations-announces-further-212747746.html

Peloton shares rose after the company reported surprise quarterly earnings, driven by higher sales and cost-cutting measures, while announcing it will lay off 6% of its workforce as part of a new restructuring plan. The New York-based fitness company aims to save at least $100 million by fiscal year 2026 through reducing its global team, cutting indirect spending, and relocating certain operations, with about half the savings expected from the layoffs.

This latest reduction follows larger cuts in recent years, including a 15% workforce reduction in 2024 (about 400 positions) and about 1,300 job losses in 2022. While Peloton’s stationary bikes and treadmills saw huge demand during COVID-19 lockdowns, sales have steadily declined since 2021 as gyms reopened and customers returned to pre-pandemic routines. The company now anticipates falling hardware sales and fewer subscriptions to its fitness software products

Amdocs announced the launch of a new GenAI & Data division aimed at integrating artificial intelligence into all aspects of its products, services, and operations, consolidating product, engineering, strategy, and go-to-market teams under one unit led by Senior Vice President Ilan Sade. While the company positions this move as a strategic step to strengthen its leadership in the global IT and telecom market, it is also preparing for another wave of layoffs expected to impact hundreds of employees in Israel and worldwide. This follows recent workforce reductions, including 2,700 layoffs in 2023 and 1,500 in 2024, as Amdocs adapts its organizational structure to align with business opportunities and efficiency goals.

https://www.calcalistech.com/ctechnews/article/bl7qwfsuw

It’s initially good. Because of this change there might be new trust into the company strategy and boost sales/confidence/stocks from external peers.

However medium/long term we will see what the new CEOs strategy is. If they will downsize the company or what. Layoffs won’t stop so don’t get cushiony. However there’s a chance with new external confidence in leadership lowering the frequency or amount of restructuring.

Agree, @a1+1k2cdja1v. No place for too much optimism.

Leaders are overwhelmed and not sharing updates about a “big announcement” coming this month. There is no structure or strategic plans in place. People keep getting moved around. No hiring outside the dept. Development plans are being forced on employees. WTF