#restructuring

The YMCA of Greater Charlotte announced staff layoffs. This action is part of a restructuring for financial sustainability. A limited number of positions across the association were impacted. The organization's revenue decreased by 26% since 2019. Membership levels have not recovered to pre-pandemic numbers.

Charlotte, North Carolina

https://www.charlotteobserver.com/news/business/article315280372.html

Your alarm goes off at 6 AM. There's an email from "Oracle Leadership." You've never gotten a message from that sender before. It says your job is gone, today is your last day, and severance details will arrive by DocuSign. By the time you finish reading, your company laptop is already locked.

This happened to up to 30,000 Oracle employees this week. Oracle reported $17.2 billion in revenue last quarter, its best in 15 years. And it still fired nearly 1 in 5 of its people. The stock went up 6% today.

Oracle owes over $108 billion. The company signed a $156 billion deal to build AI data centers over five years, mostly for OpenAI (the company behind ChatGPT). That requires buying roughly 3 million specialized computer chips. Two years ago, Oracle spent $6.9 billion a year on this kind of construction. This year it's $50 billion.

The 30,000 people who got that email are funding the gap. Investment bank TD Cowen estimates the layoffs will free up $8 to $10 billion in cash flow, money going straight into chips and construction. Oracle filed a $2.1 billion restructuring plan with regulators in March, and nearly $1 billion had already been spent before the emails went out.

Lenders are getting nervous. The cost to insure Oracle's debt against default has spiked to levels last seen during the 2009 financial crisis. Barclays downgraded Oracle's debt in November, warning the company is one step from "junk" status, the point where lenders consider you a serious default risk. Some banks have stopped lending to Oracle for these projects altogether.

The gamble gets worse. CNBC reported on March 9 that OpenAI, Oracle's biggest customer for all of this, is already looking at newer, faster chips from Nvidia. Oracle ordered the current generation and spent billions building out a massive Texas facility. OpenAI may not fully expand into it. The chips improve faster than the buildings go up.

For those working in tech, does anyone have the inside scoop of what changes are on the horizon? I heard they are cracking down on being in the office X amount of hours per day, new desks are being built on the tech floors, lots of leadership has left and the ones who have remained some have been shuffled around.

People are being asked to leave. When would this ever end?

Who has been RIF'd this round or over the last several months? I'll go first. I was in October...anyone else? Any whispers about what's next? First they combined DS/DM roles...then they added extra layers of Sales Help and Deal Desk...so they combined essentially four roles into one, no extra pay, less headcount, and now they are just shoving it all to AI?

Today VZ UK got an update. The impact is expected to be well over 100 people, but consultations will go well into May and maybe summer.. FR is beating around the bush, restructuring reasoning seems to be mixed up. might work against them (the firm, not employees). BE got an update last week, more than 50 people on the block, impacts expected May to June, probably sales and product will be the first to go. DE is still pulling its head out of its ar-e, no real updates, but then again we're talking about the country that still uses faxes and cash. i've got next to no work and sales has disappeared. all I can say is ALL ABOARD HERE COMES THE SEVERANCE EXPRESS!

UK discount chain Poundstretcher announced a property restructuring plan. The goal is to reduce its cost base and secure its future. The plan involves seeking rent reductions from landlords. Poundstretcher confirmed no store closures or job cuts are planned. The company has faced challenging trading conditions recently.

https://www.retail-insight-network.com/news/poundstretcher-outlines-property-restructure/

Panera Bread is implementing a new transformation strategy called "Panera RISE." This plan involves closing several regional Fresh Dough Facilities. The company is shifting to third-party artisan bakers for dough production. These closures have resulted in 399 employee layoffs across four states. Panera aims to improve profitability and drive sales growth with this restructuring.

https://www.thestreet.com/restaurants/40-year-old-fast-casual-restaurant-chain-panera-bread-lays-off-100s

Two companies filed WARN notices for upcoming job cuts in New Jersey. Novartis plans to lay off 114 employees in East Hanover. This is part of an ongoing restructuring effort by the pharmaceutical firm. Labcorp will cut 83 jobs in Raritan, though no reason was disclosed. Combined, nearly 200 employees will be affected by these layoffs.

https://whatnow.com/new-york/local-news/two-companies-file-warn-notices-nearly-200-jobs-at-risk-in-new-jersey/

Takeda Pharmaceutical filed a WARN Act notice confirming 634 U.S. job cuts. Of these, 247 positions are at its Cambridge, Massachusetts headquarters. The company's board approved a restructuring targeting ¥200 billion in gross savings. These savings are intended to fund upcoming dr-g launches and pipeline work. The cuts address revenue shortfalls following Vyvanse genericization.

https://www.ctol.digital/news/takeda-1-3b-restructuring-layoffs-investors

With layoffs happening this morning, it looks like the company may be in the middle of a broader cost-cutting and restructuring move. A possible explanation is that leadership is reducing headcount in areas it believes can be automated or absorbed by AI-enabled tools and smaller teams, with the aim of lowering costs, improving margins, and signaling a more efficient operating model to shareholders. If that is what is happening, the message is less about short-term performance and more about a transformation strategy centered on automation, leaner staffing, and investor-facing value creation.

They are about to do some really terrible and undesirable things regarding department structure and redistribution of work.

All hardware development is in the works of being moved to India. Sites such as Tullahoma will be reduced to near minimum manning and all devices will be developed in India entirely.

Mattel announced layoffs affecting 65 employees at its headquarters. These job cuts are effective May 22. The company is restructuring roles to optimize operations and realign its model. This follows lackluster 2025 economic performance and declining shares. Mattel is shifting focus toward digital games and entertainment partnerships.

El Segundo, CA

https://finance.yahoo.com/markets/stocks/articles/mattel-goes-another-round-layoffs-182323684.html

CoverMyMeds is restructuring its operations. Multiple employee teams are being let go. This follows massive layoffs two years prior. The health technology firm is owned by McKesson.

Columbus

https://www.dispatch.com/story/news/healthcare/2026/03/30/columbus-based-covermymeds-restructuring-services-laying-off-teams-layoffs/89348472007/

Albertsons is closing several store locations as part of a restructuring. This includes two stores in Tarrant County, Texas, affecting 138 employees. Additional closures are occurring in Washington D.C. and California. Overall, 295 jobs are being eliminated across these sites. The grocery retailer is investing in digital sales and technology for growth.

https://sg.finance.yahoo.com/news/87-old-retail-grocery-giant-020300245.html

Anyone remember this!
Looks like they were pretty spot on, just delayed due to COVID.

Giving you a heads up
Sept 1-most Prof/Tech and Para's will start re-entering the building. Leadership will have been transitioning into the buildings starting July 12. Now leaders can meet in person to discuss the following!

November - TMs will start meeting with employees to discuss the new Future State Operating models- Fire re-org, HRU, Stewardship, Prox....Team Lead structure U/W, Auto/FIre, a lot less TM's-only in the specialized areas, no ratings for employees, like TMs are today, with just a percentage/EIP. Levels of leadership will start getting cut and there will be more targeted transitions for tenured TMs, SMs, and CMs. Most CMs and SMs jobs are gone. AFS and Sales Leaders jobs are basically going away too. Korn Ferry will be utilized to determine who stays and go! Estimatics is done and so are most of Prox-outsourced to third party vendors-transition plans will be offered or more reassignments.
January 1, 2022- Pension buy-out offers are coming and employees will get heads up. Take it, trust me! There will be some decent incentives, bridging, time service etc...will be your last chance. Will be tied to staying around a certain period of time depending on local/Hub/LOC/job function/level. Agents will start all selling Gainsco ins too!

What's left-over-2nd Quarter 2022 LOC will find out their final faiths-depend on how quickly they can be replaced in hub cities/need. Also job class changes coming for U/W and Claims across all levels. No more $90K Auto/Fire Underwriters or Claim Reps in Prop-Complex and/or TM's for $130K a year to clear task, review a letter or review a file! TL will handle for $50-$60! CCC consolidation etc....

3rd Quarter 2022- 100 years now and changes to agency contract. More bots to automate away a lot of easy claims functions and U/W is going to start getting a lot more automation-ST to ST transfers, all added cars, all new business, automation of RAS/non-renewals and sunsetting the error based processing system. Target number of 40,000 employees by end of 2022, down from our current 57,500 approx. today! 25% reduction overall, target has been around 10% a year give or take a few percentages/turnover.

Pucker up ladies, gents, transitioning....!!!! It's amazing what things are left unprotected on SharePoints sites if you know where to look! You haven't seen sh-t yet!

I can't keep track of who I report to anymore or what I'm supposed to be working on. Projects constantly get started and then abandoned mid stream. Can somebody explain to me how this complete chaos benefits anybody, including Nike?

Let's talk about what actually happened.

Avaya didn't just restructure. They cut thousands of experienced people — account managers, engineers, support staff — people who had spent years building real relationships with real customers. Not contractors. Not redundant roles. The people customers actually called when something broke or a deal needed to get done.

And those customers noticed. We watched it happen in real time. The calls shifted overnight. Not "what's the roadmap for Infinity" — it was "who do I even talk to now" and "should we start looking at alternatives."

Now there's a LinkedIn post about hiring to sell Infinity. Like the last few years didn't happen.

Here's the thing about trust in enterprise tech — it's not a product feature. You can't relaunch it. It lives in the people who showed up consistently for years, who knew the customer's environment, who picked up the phone. A lot of those people are gone. And the customers they served remember exactly why they left.

BlackBerry had better hardware by the time people stopped buying it. Didn't matter. The relationship was already broken.

We're not saying Avaya can't survive. But surviving and winning back the people you walked away from are two very different things. One is possible. The other takes a lot more than a job posting.

The upcoming restructuring focuses on removing middle management. If the VP layer is cut while the EVP and Senior Directors stay, the total number of Directors will be reduced to flatten the hierarchy.

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Mohawk College eliminated 72 positions in recent months. This included 62 full-time roles and 10 vacant positions. The cuts were part of a restructuring process. Fifty-seven employees also took voluntary exit packages. Overall, about 580 positions have been cut since late 2024.

Hamilton, Ontario

https://www.thespec.com/news/hamilton-region/mohawk-college-layoffs/article_8c844ab5-e919-50e0-862e-8ccfbf3b8232.html

Takeda Pharmaceuticals is undergoing a restructuring. This will lead to job cuts in Massachusetts. Exactly 247 positions will be eliminated. The affected employees are part of its Cambridge workforce. The company has 700 open roles and will prioritize internal candidates.

Cambridge, Massachusetts

https://www.bizjournals.com/boston/news/2026/03/27/takeda-to-lay-off-247-massachusetts-workers.html

looks like isp is getting a reorg. dont kiss fields a-s now we know who helped us and who didnt.

Don't expect a turnaround. There's no real intent to bring back the old glory, not even to improve from where we are now. They'll cut until there's nothing left. We've been stagnating, and I've yet to see even a hint of vision behind any of the recent layoffs or restructuring.

#general will be below 155,000 by 31st May

There was $700m left in the restructuring fund at the end of Q3 and it wasn't enough, so they added $500m more.

All you can be sure is it will happen in the next 9 weeks.

I'm coming on like a hurricane
My lightning's flashing across the sky
You're only young, but you're gonna die

I won't take no prisoners, won't spare no lives
Nobody's putting up a fight
I've got my bell, I'm gonna take you to he-l
I'm gonna get ya, said I'll get ya

He-l's bells........

Neiman Marcus is closing its Ala Moana store. This closure will eliminate 161 positions. The luxury retailer's parent company filed notice. It is exiting the Hawaii market. This action is part of bankruptcy restructuring.

Honolulu, Hawaii

https://www.bizjournals.com/pacific/news/2026/03/25/neiman-marcus-leaves-hawaii.html

OpenText Reportedly Cut Jobs in March 2026.

https://stlawyers.ca/blog-news/opentext-job-cuts-march-2026/

https://betakit.com/opentext-employees-report-job-cuts-tied-to-apparent-restructuring/#:~:text=OpenText%20employees%20report%20job%20cuts,to%20take%20over%20as%20CEO.

Reports from this week (March 23–24) indicate that the cuts are not just hitting entry-level staff. The restructuring is specifically targeting:
• Senior Analysts and Team Leads: Multiple reports from the Waterloo and U.S. offices mention that long-tenured leads and senior-level individual contributors were let go in "8-minute" termination meetings.
• Product Management: There are indications of "flattening" within product groups, where middle-management layers are being removed to speed up decision-making for their AI Cloud products.

UCI Health plans to lay off approximately 150 workers. This represents about 1% of its total workforce. Federal funding cuts contributed to this decision. Declining reimbursement from insurers also prompted the restructuring. The integrated health system is undergoing a workforce reduction.

https://www.modernhealthcare.com/providers/mh-uci-health-layoffs-chad-lefteris/

Longtime KTLA reporter Ellina Abovian was fired last month. She stated local TV news must adapt its storytelling. The industry faces consolidation and cost cutting. Broadcasters like Nexstar are restructuring operations. They invest in AI due to declining streaming revenue.

https://letsdatascience.com/news/local-tv-industry-faces-consolidation-and-layoffs-d8bccc80

Bo-m! Studios announced a major organizational restructuring. This integration places many Bo-m functions under Random House Worlds. The changes resulted in layoffs for some personnel. Key roles like publishing, operations, and business planning are now within the larger group. This follows Bo-m's acquisition by Penguin Random House two years prior.

https://www.comicsbeat.com/bo-m-restructures-under-prh-including-layoffs/

It's going to be such or similar phase to justify leaving many people without their livelihoods at the time when the job market is at its worst and prices are skyrocketing. What a cr-ppy way to treat loyal employees who've left many, many years at this place.

United Parcel Service will cut 67 jobs. These layoffs affect part-time employees in Wyoming, Michigan. The company will end daytime package sorting by January 20, 2026. This action is part of a broader network restructuring. UPS aims to optimize capacity and enhance productivity.

https://www.mlive.com/news/grand-rapids/2025/11/ups-cutting-67-grand-rapids-area-jobs-as-part-of-restructuring.html

This isn’t speculation anymore — layoffs are happening, and India seems to be in the middle of it right now (likely continuing through the week). From what I’m hearing, this is part of a broader org restructuring with global impact. The numbers being discussed are all over the place — anywhere between ~4% to 10% workforce reduction. Some estimates suggest ~1,000 roles, while others go as high as 4,000.

What’s less clear — and more concerning:

Are there additional waves planned in the coming months?

Is this happening ahead of a new CEO transition ?

There are also whispers about another significant round around June — any truth to that?
Would be really helpful to hear from folks across orgs/locations:
What’s the ground reality right now?
Are teams being given any forward visibility?
Is this a one-time correction or a longer restructuring cycle?
Feels like there’s more beneath the surface here — trying to piece together what’s actually coming next.

Lots of freed up $$$ to teach Citi how to restructure and fire people.

The Regional Transportation District faces a $250 million budget shortfall. RTD launched an Agency Optimization and Sustainability Plan to address this deficit. The plan includes eliminating certain vacant and filled positions. Some current employees will need to reapply for new management roles. The agency aims to save approximately $10.7 million through this realignment.

Denver, Colorado

https://www.cpr.org/2026/02/22/rtd-layoffs-250-million-dollar-shortfall/

Team Liquid recently experienced a new round of layoffs. This follows a previous workforce reduction seven months prior. At least five employees were impacted, according to social media posts. Affected roles included a creative coordinator and a marketing operations manager. The esports organization continues restructuring amid industry challenges.

https://www.sheepesports.com/us/lol/articles/team-liquid-hit-by-new-layoffs-seven-months-after-previous-wave/en

Funny how a role that was "eliminated" shows up online a few months later with the exact same description. They can call it restructuring all they want. We all know what it really was.

North Star Health Alliance announced workforce adjustments across its organization. A few dozen positions are believed to be affected by these changes. The company stated these actions are part of additional operational restructuring. North Star Health Alliance is currently operating under Chapter 11 bankruptcy. These steps are considered necessary to strengthen the organization for the future.

Watertown, New York

https://www.wwnytv.com/2026/03/20/north-star-announces-workforce-adjustments-few-dozen-positions-possibly-affected/