#restructuring

Disney's recent workforce reductions have impacted human resources and technology departments. Notably, some employees who previously managed layoffs for others are now themselves being let go. This development aligns with the company's increased investment in AI and automation. The affected HR staff are now navigating the same processes they once administered. These cuts are part of a broader restructuring strategy by the company.

Burbank, California

https://www.indiatimes.com/trending/they-explained-severance-packages-disneys-latest-layoffs-hit-hr-workers-who-once-managed-earlier-job-cuts/amp_articleshow/134607518.html

The University of Utah is merging its economics department into the business school's quantitative analysis division. This move is expected to result in significant layoffs, potentially affecting up to 900 staff members. Critics argue this decision will stifle academic freedom and lead to a more homogenized approach to economics. The university claims no faculty will be impacted, but this assertion has already been challenged. The merger comes with a substantial cost for outside consultants.

Salt Lake City, Utah

https://www.cityweekly.net/news/university-of-utah-economics-merger-stokes-fears-of-impending-layoffs-819e2289

Novo Nordisk is eliminating 108 positions at its United States headquarters in Plainsboro, New Jersey. These layoffs are scheduled to take effect by the end of the year. The company stated these cuts are part of a broader effort to streamline its commercial model. This action follows previous global restructuring and workforce reductions. Novo is adapting to evolving market dynamics and patient needs.

Plainsboro, New Jersey

https://www.fiercepharma.com/pharma/novo-trims-108-jobs-us-headquarters-new-jersey

MasterBrand Cabinets LLC is laying off almost 400 employees at its Kinston facility. The company is closing its Value Semi-Custom cabinet operations at the plant. This action will eliminate jobs directly tied to that specific sector. Some positions will also be consolidated as part of the restructuring. The initial wave of layoffs is scheduled for late November.

Kinston, NC

https://www.witn.com/2026/09/30/masterbrand-cabinets-slashes-nearly-400-jobs-kinston-manufacturing-facility/

Questions:
Considering the status of OpenText’s debt, constant layoffs, and low stock price, what is an honest outlook for the company. What does the stock market think? And what grade would you give Tom Jenkins for his stewardship of the board of directors over the past several decades?

Answers:
The outlook for OpenText Corp (OTEX) centers on whether its aggressive pivot to AI and cloud subscriptions can offset high debt load and execution risks. Following years of major acquisitions (such as Micro Focus), OpenText has faced immense pressure to reorganize. A summary of the market sentiment, honest outlook, and an evaluation of Tom Jenkins' board leadership outlines the situation.

What the Stock Market Thinks
• Deep Valuation Discount: The stock trades at a very low trailing P/E ratio (~8.7) and forward P/E (~6.0), indicating that the market views OpenText more like a legacy "value trap" than a high-growth tech stock.
• Skepticism Toward AI Pivot: While management highlights cloud growth, investors are demanding definitive proof that its AI solutions can generate strong organic revenue growth rather than merely defending its existing franchise.
• Management Turnover Anxiety: The market reacted poorly when OpenText ousted longtime CEO Mark Barrenechea and subsequently named IBM veteran Ayman Antoun as the incoming CEO, dropping the stock by double digits on the leadership instability.

Honest Corporate Outlook
• The Restructuring Squeeze: The continuous layoffs—including cutting 1,200 jobs in 2024, 1,600 in 2025, and multiple subsequent waves in 2026—are part of a multi-year "business optimization plan" to aggressively slash costs. While this protects profit margins, it risks internal brain drain and low employee morale.
• Debt Deleveraging Focus: OpenText carries $5.97 billion in total debt. The company is actively liquidating non-core assets—such as divesting its eDOCS and Vertica business lines to channel proceeds directly toward debt reduction.
• The Bottom Line: The company is fundamentally profitable, generating over $640 million in net income annually. However, the top-line revenue growth is practically flat (projected at just 1% to 2% for fiscal 2026). Until OpenText stops using layoffs as its primary driver for margin expansion and demonstrates true organic cloud growth, the stock will struggle to break out.

Tom Jenkins Board Stewardship Grade: C+
Tom Jenkins, who has served as Executive Chair or Board Chair for several decades, gets a mixed report card for his long-term stewardship.
• The Positives (The M&A Engine): Jenkins was instrumental in transforming OpenText from a small Canadian tech spinoff into a global enterprise powerhouse with billions in revenue. For decades, his formula of acquiring legacy tech companies, squeezing out costs, and integrating them into the OpenText ecosystem created immense shareholder value.
• The Negatives (The Modern Stagnation): The strategy has hit a wall. Squeezing legacy assets through constant layoffs while accumulating heavy debt has created a culture of severe organizational fatigue. The board failed to achieve smooth leadership continuity, resulting in abrupt executive changes and messy restructuring cycles. Ultimately, Jenkins oversaw a corporate structure that became overly leveraged right as tech valuations shifted from favoring financially engineered acquisitions to prioritizing high-organic growth in cloud and AI infrastructure.

Workday is implementing another round of layoffs, impacting approximately 500 employees. This action represents about 2.5% of the company's total workforce. The cuts are primarily within the product and technology divisions. The company also revised its fiscal third-quarter earnings forecast downward due to restructuring costs. Workday plans to continue hiring in key strategic areas and locations.

Pleasanton, California

https://www.businessinsider.com/workday-conducting-layoffs-software-product-tech-team-2026-9

Not good. Only a matte of time until company is broken into two.

U.S. tech layoffs reached 94K between Jan and Aug 2026... a 17% increase compared to the same period in 2025.... Large publicly traded cos drove 90% of these reductions as corps restructured ops to move $$$ toward AI work.

full analysis at Crunchbase News:

https://news.crunchbase.com/layoffs/2026-layoff-numbers-rise-ai-shift-orcl-meta-amzn/

...anyone else worried about the institutionl knowledge being lost in these cuts???

A lot of senior folks (Content, Product, RCS,Sales etc) have spent 10 or 20 years understanding PA, Fundamentals, client workflows... data processes and all the weird dependencies that keep us running. you can move roles, consolidate teams and invest in AI Foundry, but that knowledge isn't sitting in a Confluence page somewhere.

Feels like we may not understand the real cost of these cuts until projects start breaking 6 mo from now.

The Walt Disney Company is preparing for further workforce reductions, with the legal department being the latest to face significant cuts. This news comes as the company is also set to implement its annual ticket price increases at Disneyland. Park operations are seeing ongoing construction and a shift in dining models, impacting the guest experience. Additionally, several entertainment offerings are returning in 2027, while daily entertainment remains limited. These developments signal a period of significant internal restructuring and operational adjustments for the company.

Anaheim, California

https://www.micechat.com/?p=445207

Summary of Novo Nordisk's Workforce Restructuring

Disclosed Headcount Contraction:
Novo Nordisk revealed at its Capital Markets Day in London on September 21, 2026, that overall staff departures reached approximately 13,000 positions over the previous 12 months.

Original Restructuring Scope:
The dr-gmaker originally announced a major restructuring program on September 10, 2025, targeting about 9,000 job cuts, roughly 11% of its workforce.

Additional ~4,000 Departures:
The additional departures did not result from a second formal mass layoff. Company spokespersons said they largely reflected natural attrition, retirements, voluntary exits, and positions intentionally left unfilled.

Current Workforce:
Following the cumulative reductions, Novo Nordisk's global workforce stands at approximately 66,000 to 67,000 employees, down from a peak of more than 78,000 in mid-2025.

Impact in Denmark:
Of the initially planned 9,000 job cuts, approximately 5,000 positions were eliminated in Denmark.

Why Novo Is Restructuring:
The restructuring comes amid intensifying competition in the GLP-1 weight-loss and diabetes market, particularly from Eli Lilly, softer growth expectations, and preparations for future patent expirations involving semaglutide in the early 2030s.

Cost Savings:
The original program targeted annual savings of 8 billion Danish kroner, approximately $1.25 billion to $1.3 billion, by the end of 2026. Later company figures indicated realized savings had surpassed 10 billion kroner.

Where the Savings Are Going:
CEO Mike Doustdar said savings from the workforce reductions are being reinvested in core R&D pipelines, manufacturing expansion, and next-generation therapies.

Future Pipeline:
Management also outlined plans for more than five blockbuster dr-g launches by 2030 and a target of more than 150 billion Danish kroner in pipeline sales by 2035.

Market Reaction:
Novo Nordisk shares fell approximately 8% to 9% following the London investor event as investors and analysts questioned pipeline execution and the company's longer-term pricing power.

Sources

Reuters - Capital Markets Day and workforce departures:
https://www.reuters.com/legal/litigation/novo-nordisk-aims-launch-more-than-five-blockbuster-dr-gs-by-2030-ceo-says-2026-09-21/

BioSpace - Workforce reduction and departure breakdown:
https://www.biospace.com/job-trends/novos-workforce-reduction-climbs-to-13-000-to-fuel-r-d-work

BioSpace - Layoff Tracker:
https://www.biospace.com/biospace-layoff-tracker

Final Round AI - Restructuring analysis:
https://www.finalroundai.com/blog/novo-nordisk-layoffs

Grind Hotline - Novo Nordisk restructuring coverage:
https://www.grindhotline.com/novo-nordisk-layoffs-2026-13000-departures-9000-job-cuts.html

The Irish Times - London investor event:
https://www.irishtimes.com/business/2026/09/21/novo-cuts-13000-jobs-in-a-year/

The New York Times - Original 9,000 job cuts announcement:
https://www.nytimes.com/2025/09/10/business/novo-nordisk-job-cuts-ozempic.html

How long before the two are combined? Is it possible given the current ongoing restructuring at tebg?
I see more messages around one 3M these days on official channels.

A company that has set aside $200 Million for restructuring (aka Layoffs) wasted millions of dollars on Heart Of Kyndryl event in Rhodes, Greece. This is Kyndryl’s let them eat cake moment. The only way Kyndryl is growing is in the number of VO’s being hired.

Can you please change your One Talk team, or at least move some members to other teams and bring in some new people? Today, AR stopped working and business is severely impacted, and still they have no clue.

What does the testing team do and why are they not able to find and fix this? It is a waste of money.

Verizon's worst product. They are charging us to pay these managers who don't want to work.

Email that went out today from Minnesota's State Rapid Response Team:

The State Rapid Response Team (SRRT) received a Federal Worker Adjustment and Retraining Notification Act, 29 U.S.C. § 2101 et seq. ("WARN") email from Medtronic, Inc. informing us of the permanent layoff of approximately 6 employees from their facility located at:

3800 Annapolis Ln, Plymouth, MN 55447

According to the WARN notice, the permanent layoffs are the result of Medtronic’s plan to restructure certain operations at the facility. Employee layoffs are expected to begin on or about November 24, 2026, and may occur over a 14-day period beginning on that date.

Employees are not represented by a union. There are no bumping rights.

Positions affected in this layoff/closure are, but are not limited to:

Assembler, Manufacturing Chemical Operator, Ship/Rec/Stores Clerk

As usual, more restructuring and layoffs as the company heads into Q3 and 2H. Yet the same deadwood leaders that have been in place for 20. 30, even 40 years never get impacted.

Xbox is undergoing a significant restructuring, impacting multiple game development studios. This initiative involves 268 job cuts as part of a broader "reset" within the company. Obsidian Entertainment will now operate under Bethesda, focusing on existing and new projects. Activision will assume control of Rare and the Halo franchise. These changes signal a major shift in how Xbox manages its internal development teams.

Redmond, Washington

https://www.imdb.com/news/ni66032563/?ref_=ttnw_art_perm

PepsiCo doesn't publish a standalone "layoff budget." The number that functions as one is the restructuring envelope for the 2019 Productivity Plan, which was expanded and extended through 2030. Here's where it stands per the latest 10-Q (quarter ended June 13, 2026).
The envelope
Total expected pre-tax charges of about $6.15 billion, roughly $5.1 billion of it cash. The mix is about 50% severance and other employee-related costs, 15% non-cash asset impairments from plant closures, and 35% other implementation costs (contract terminations, consulting). That makes the severance line roughly $3.1B over the life of the plan.
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Segment split: PBNA 25%, EMEA 25%, PFNA 20%, Corporate 15%, LatAm Foods 10%, Asia Pacific Foods 3%, IB Franchise 2%. PBNA is the single biggest bucket, ~$1.5B.
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Spent vs. remaining
Budget Booked thru 6/13/26 Left
Severance / employee ~$3.1B ~$1.84B ~$1.2B
Asset impairments ~$0.9B ~$0.6B ~$0.3B
Other ~$2.15B ~$1.35B ~$0.8B
Total $6.15B ~$3.79B ~$2.4B
Basis: plan-to-date through 12/27/2025 was $3,610M — $1,789M severance, $546M impairments, $1,275M other, plus $182M booked in the first 24 weeks of 2026 ($51M severance, $59M impairments, $72M other).
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Run-rate
FY2025 was the heaviest year at $983M, vs. $727M in 2024 and $445M in 2023.
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H1 2026 charges fell to $182M from $426M a year earlier, and cash restructuring payments were $264M vs. $387M. Q2 alone was only ~$49M, and PBNA actually recorded a $15M credit in Q2 — a reversal of previously estimated amounts.
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The severance accrual on the balance sheet at year-end 2025 was $308M; $172M of severance cash went out in H1 2026.
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Three things worth noting
The December 2025 Elliott-era reset didn't come with a new envelope. After Elliott's $4B stake, PepsiCo announced North America workforce reductions and a 20% cut to U.S. SKUs with cost actions starting in 2026, and the HQ cuts targeted Chicago, Plano and Purchase — but $6.15B is unchanged in both 2026 10-Qs. The heavy booking happened in FY2025; H1 2026 P&L charges are the lightest in three years.
Layoff News Now
Resume Mansion LLC
The mix shifted toward physical footprint. The Q3 2025 filing put impairments at 10% of the plan; the 2026 filings say 15%. That lines up with the closures now landing: Cheverly, MD bottling — 143 laid off, manufacturing and warehouse ended Sept. 14, sales and delivery continuing; a Frito-Lay distribution plant in California earlier this year, 248 jobs; 105 permanent layoffs at PepsiCo Beverages Sales in Columbia, SC, last day Oct. 18. Those hit impairments and severance in H2 2026.
pep-20250906 +3
~$2.4B total / ~$1.2B severance left to book over 4.5 years is a lower annual pace than 2024–25 unless the plan gets raised again. The December outlook targets a record year of productivity savings in 2026 and at least 100 bps of core operating margin expansion in aggregate over the next three fiscal years — if that requires more headcount action than the remaining envelope supports, expect the $6.15B to move in the FY2026 10-K

PRWeek has implemented workforce reductions as part of a broader restructuring. The media outlet is adapting to evolving industry dynamics. These changes reflect a challenging economic climate for many publications. Further details on the exact number of affected employees were not immediately available. The company aims to streamline operations moving forward.

New York, New York

https://www.prweek.com/article/1970530/edelman-eliminates-55-us-positions

McClatchy, a major newspaper owner, recently conducted significant layoffs impacting over 90 journalists nationwide. These cuts disproportionately affect local news coverage in the Central Valley, with journalists being let go from publications like The Modesto Bee and The Fresno Bee. The company has also announced the hiring of new corporate vice presidents and "Content Directors," raising concerns about a shift away from traditional journalism. This move comes as private equity ownership of local newspapers continues to grow, leading to widespread closures and job losses in the industry. The article argues that the for-profit model for local news is unsustainable and that companies are managing decline rather than preserving journalism.

Merced, California

https://themercedfocus.org/the-disappearing-of-the-valleys-newspapers-is-a-crisis-not-the-end-of-local-journalism/

Valnet has announced significant job reductions impacting its workforce. The company is implementing these layoffs as part of a strategic restructuring. This move is expected to streamline operations and improve efficiency. Further details regarding the exact number of affected employees have not been released. The company aims to navigate current market challenges with this decision.

Montreal, Quebec

https://www.thegamer.com/xbox-canceled-halo-game-years-away/

Apparently the chat comments are disabiled arr we in Big Brother Utopia or what? I joined late did anyone reference restructuring or or reorganization?

I called $125 by Nov. 1rst 5 months ago (check the logs here). Seems to be moving that way. I also called the company will file for protection and bankruptcy then restructure during 2027/2028. There are just too many financial warning signs to ignore. It's straight forward - do the research and look at history across other bubbles and timeframes. Ironic and eerlity simimilar. RIF's are a constant reality at Oracle but will not make a significant difference to the ultimate outcome of where this company is headed.

1) Layoffs and restructuring
2) Send jobs to overseas and to contractors
3) closed the research lab
4) sold QP building
5) shutdown Norman wells
6) pushing to complete all major projects before 2027 end
........
Please continue if anything else needs to be added. I think all this is an indication of selling upstream asset. what's your thoughts on this?

The Jacksonville Transportation Authority is implementing significant layoffs, impacting approximately 200 employees to address a $39 million budget deficit. A substantial portion of these cuts will affect management and administrative positions, with the Skyway division being the most heavily impacted. Senior leadership roles, including a Senior Vice President and a Vice President and Chief Innovation Officer, are among those slated for elimination. These workforce reductions coincide with the planned cessation of Skyway operations on November 2nd as part of the agency's restructuring efforts. The interim CEO defended the agency's financial strategy, stating that these cuts are not a result of mismanagement.

Jacksonville, Florida

https://www.actionnewsjax.com/news/local/jacksonville-transportation-authority-layoff-list-reveals-administrative-positions-that-will-be-cut/OZWM52BMP5BWFCRYMWKXDCKTWA/

Undead Labs has announced significant layoffs following its transition to an independent, employee-owned studio. The studio stated that many talented developers who contributed to the State of Decay franchise are departing. This difficult decision was made as the company moves forward with its new ownership structure. Undead Labs expressed gratitude for the departing employees' contributions and hopes the industry will recognize their talent. The studio is now focused on creating games and maintaining community support.

Seattle, Washington

https://www.vgchartz.com/article/469165/state-of-decay-3-dev-undead-labs-hit-with-significant-layoffs/

In a meeting about three weeks ago the president said ways of working was paused and said restructuring will start back up for phase 3 but there will be no layoffs. Well guess what happened today? If they could only be honest.

Ozark Materials is closing its Greenville plant, resulting in 52 layoffs. This closure is part of a broader strategy to reorganize traffic solutions operations. The company aims to optimize its costs through this restructuring. The exact date of the closure was not specified in the provided text. This move impacts local employment in the Greenville area.

https://www.bizjournals.com/birmingham/news/2026/09/22/pavement-marking-paint-plant-plans-layoffs.html

Expedia Group is laying off 58 employees in Washington state. These reductions are expected to occur between November 21 and December 1. The affected roles include positions in technology, product, and corporate departments. This move follows previous layoffs and a broader restructuring driven by advancements in artificial intelligence. The company is streamlining operations and reorganizing its teams.

Seattle, Washington

https://www.geekwire.com/2026/expedia-group-laying-off-58-employees-in-washington-state-in-latest-cuts-at-travel-giant/

The San Luis Obispo Tribune has announced it will not be making candidate endorsements for the upcoming election. This decision stems directly from recent significant layoffs within the newspaper's staff. Five journalists, including the opinion editor, were let go as part of broader cuts at McClatchy. The opinion editor confirmed the paper lacks the necessary time and staff to conduct interviews and write endorsements. These layoffs are a consequence of a restructuring plan driven by declining revenue.

San Luis Obispo, California

https://calcoastnews.com/2026/09/san-luis-obispo-tribune-cancels-endorsements/

A major technology firm has announced significant job cuts affecting a substantial portion of its employees. This decision comes as the company navigates a challenging economic climate and seeks to streamline operations. The layoffs are part of a broader restructuring effort aimed at improving efficiency and profitability. Employees impacted by this move will receive support packages. The company is committed to managing this transition with care for its departing staff.

San Francisco, California

https://www.ababnews.com/news/278bba84-473a-4465-998b-c780357ff905

Amy's Kitchen is implementing a significant restructuring that will impact its Pocatello facility. The company is relocating its canning operations from Idaho to Medford, Oregon. This move will result in the layoff of 49 employees at the Pocatello plant. Despite these layoffs, the company plans to expand the Pocatello facility to focus on frozen entrees. This reorganization aims to optimize production by allowing each facility to specialize in specific product categories.

Pocatello, Idaho

https://localnews8.com/news/pocatello/2026/09/21/amys-kitchen-pocatello-facility-faces-layoffs-amid-production-reshuffle/

did ur project stop? Did deadlines slip... roles move sites, responsibilities consolidate, or did ur team absorb the reduction w/out (major) disruption? I think it's a sh-tshow but it may be just me - we are fairly large and given the messages on this board it looks like there is quite a bit of variety.

Truist Financial Corporation is selling its near-prime auto loan portfolio for over $5 billion. This strategic move has resulted in the closure of its auto loan subsidiary's office in Arlington, Texas. More than 200 full-time employees at this location will be laid off as a consequence. The company is providing support to affected employees, including severance and job search assistance. This decision aligns with the new CEO's strategy to streamline operations and focus on core strengths.

Arlington, Texas

https://www.dallasnews.com/business/jobs/article/truist-auto-loan-exit-triggers-205-arlington-22434850.php

Oracle has implemented new job reductions impacting its Stargate data center in Abilene, Texas. These layoffs coincide with a significant increase in the company's capital expenditures, particularly for artificial intelligence infrastructure. The company is forecasting substantial spending in the coming years to support its AI initiatives. This workforce restructuring is occurring simultaneously with aggressive investments in computing capacity. The affected employees were notified through email after their access to company systems was revoked.

Abilene, Texas

https://www.analyticsinsight.net/news/oracles-latest-job-cuts-reach-stargate-abilene-as-ai-spending-surges

Amy's Kitchen is closing its Santa Rosa factory, affecting approximately 260 manufacturing jobs. The company is restructuring its production to consolidate operations at facilities in Oregon and Idaho. Layoffs are scheduled to begin later in 2026 and extend into the summer of 2027. Affected employees will receive separation packages and support services. This closure follows previous job reductions by Amy's Kitchen in California.

Santa Rosa, California

https://latination.com/california-layoffs-hit-longtime-factory-shutting-down-after-years-of-production/

Anyone else feel like a VZ Pulse Survey is just an indicator that another round of RIFs and restructuring is coming? I’d guess, from the timing, that an announcement will happen in October with severance dates effective December/January. I have no proof, other than historical rounds following survey these last couple years.

Team halving. How on earth are GenPact going ro do construction admin? Males no sense

So that is NRE, NCI, NBUY impacted and NBC restructured and take 10 of the NIT affected people

Atherstone will look very different next year

"Reviews on ArisGlobal frequently cite job insecurity, poor severance packages, and high turnover as major concerns alongside the frequent restructuring"

You'll fit right in!