#restructuring

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.

Coinbase announced it will cut approximately 700 jobs. This represents about 14% of its global workforce. The company cites crypto market volatility and cost reduction as reasons. It also aims to reposition the business for the artificial intelligence era. These restructuring efforts are expected to incur $50 million to $60 million in charges.

https://www.reuters.com/business/world-at-work/coinbase-cut-about-14-workforce-2026-05-05/

As many have heard the finance transformation will affect many of the jobs for the Houston finance team. That being said, are any of you all willing to share past severance agreements/packages that Enbridge has offered during past restructuring or layoffs? How many weeks per service year or minimum weeks? Will the bonus be prorated?

The Camden school district is undergoing a major restructuring. One hundred employees, including the entire central office, received layoff notices. These job eliminations will take effect on June 30. Some affected staff may reapply for newly defined roles. The district attributes these cuts to financial pressures and declining enrollment.

Camden, NJ

https://www.inquirer.com/news/camden-nj-school-district-job-cuts-restructuring-20260504.html

Cboe Global Markets is eliminating approximately 20% of its global workforce. This restructuring aims to concentrate resources on core exchange businesses. The reduction combines earlier initiatives with the latest organizational realignment. Affected employees received notices on Friday. Eligible U.S. and Canadian employees are also offered a voluntary retirement option. This move is expected to save Cboe $20 to $25 million in 2026.

https://qz.com/cboe-layoffs-workforce-reduction-core-businesses-050126

Now that the divestiture is completed, when do you think reorg will occur? Titles are all over the place. And do you think reorg will include layoffs? I noticed small layoffs here and there of long time contractors.

https://www.koreaherald.com/article/10728555

Saw this article saying TV and DA are being eliminated/restructured in China. Anyone knows what will happen to these divisions in US?

We went through Cloud Cert Fest and Skill Academy programs with the expectation that cloud training would translate into meaningful internal opportunities and role stability within the bank.

Instead, cloud outcomes remain largely undelivered, while many trained engineers have been impacted by layoffs and organizational restructuring. In parallel, roles are increasingly being filled through external hiring, including engineers from Amazon and JP Morgan Chase.

This cloud cert fest ran by R.B, working in the bank . We all are laid off.
This raises a difficult but important question about alignment between upskilling investments and actual workforce planning—especially when training programs are positioned as a pathway to job security, yet the outcomes tell a different story.
Do DV and GK have visibility into this situation? What is the real status of Skill Academy and Cloud Cert Fest outcomes?

Oh how messed up we are getting, lol?

it’s starting to feel like we’re just giving up and letting the whole thing fall apart. we finally got rid of makoto uchida after months of rumors, and he officially stepped down march 31. on paper that sounds like a reset, but honestly it feels more like panic mode.

now ivan espinosa is taking over. he’s been here a long time, so it’s not like some outside savior is coming in. it feels more like reshuffling the same deck while the ship is already taking on water.

we all know the situation is rough. debt is piling up, sales keep sliding, and trust in the brand is not what it used to be. insiders were already saying late last year that nissan had only 12 to 14 months to turn things around. that clock is still ticking.

what really gets me is the honda deal. from what i’ve heard, honda wasn’t the main problem. we were too stubborn about not becoming a subsidiary, so we may have walked away from the closest thing we had to a lifeline.

and here’s the part that makes it worse. one of honda’s conditions was leadership change. now uchida is gone, so maybe that door opens again, but who knows. right now it just feels like rumors and damage control.

there’s also talk about other buyers or partnerships, but it all feels late. like we waited too long, made too many bad calls, and now every option is worse than it would’ve been a year ago.

from inside, this does not feel like a turnaround story. it feels like we are running out of time and options.

Greenwood Leflore Hospital has filed for bankruptcy. The hospital also laid off 86 staff members. Several outpatient and wellness clinics have closed. These actions aim to restructure debt and stabilize operations. A potential partnership with the University of Mississippi Medical Center is being explored.

Greenwood, Mississippi

https://tippahnews.com/mississippi-news/bankruptcy-layoffs-put-greenwood-leflore-hospitals-future-in-doubt/

The Estée Lauder Companies increased its planned job cuts. It now plans to eliminate 9,000 to 10,000 positions. This is an increase from the earlier estimate of 5,800 to 7,000 roles. Over 70% of these additional cuts affect point-of-sale demonstration roles. These reductions are part of a shift towards high-growth channels.

https://www.happi.com/breaking-news/more-layoffs-at-estee-lauder/

The Daily Wire has initiated staff layoffs. A company spokesperson confirmed the organizational restructuring. Cuts primarily affected the Nashville production office. The company will focus resources on new entertainment projects. This follows previous staff reductions in March 2025.

Nashville, TN

https://barrettmedia.com/2026/05/01/daily-wire-layoffs/

Reckitt Benckiser Group plans another round of layoffs in New Jersey. The company expects to let go 57 employees by March 2027. These job reductions will occur at its new Nutley headquarters. This is part of a restructuring campaign announced in July 2024. The strategy aims for a simpler organization focusing on core health and hygiene brands.

Nutley, New Jersey

https://njbiz.com/reckitt-layoffs-nutley-nj-2027/