#budget

Belk has now resorted to giving store managers, unattainable and unrealistic PACES and budget as a way to push certain managers out.
How can a smaller door have a more rigorous set of PACES than a larger door?
Well, It’s happening. If you are hitting specific paces, they will be increasing them to something unattainable. This is all a set up!

Santa Monica College Faces Layoffs Amid Fiscal Crisis

Santa Monica College trustees will meet regarding a financial crisis. This crisis may result in about 70 staff layoffs. College reserves are expected to be depleted by 2026-27. Enrollment has fallen 13% since 2018, affecting state funding. The Faculty Association criticizes college leadership for the situation.

https://www.smdp.com/college-board-meets-tuesday-as-school-heads-for-fiscal-cliff/

Proposal Submitted to Lawmakers to Halt Education Staff Cuts

A budget proposal was recently introduced. This proposal aims to prevent unexpected layoffs. These layoffs would affect the education sector. Lawmakers received the budget pitch. The goal is to stabilize education employment.

https://www.alaskasnewssource.com/video/2026/02/03/budget-pitch-avoid-sudden-education-layoffs-presented-lawmakers/

Anchorage, AK

At this point everything they do is just laughable. They have budget to expand the leadership team but no funds for the people actually doing the operation work. We now have a ‘growth officer’, what’s next, a Head of extra growth?

Regents approved tuition increases for Nevada colleges. This affects all eight public institutions. The hike addresses a $46.5 million budget shortfall. It aims to avoid faculty layoffs and course reductions. Students face 9% to 12% tuition hikes over three years.

https://timesofindia.indiatimes.com/education/news/nevada-regents-approve-tuition-hike-at-public-colleges-to-cover-46-5-million-gap/amp_articleshow/127710381.cms

I recently was RIF after 28 years of service. Can I roll over my severance to an IRA to avoid taxes. At 64 most likely will be treading on a tight budget. God Bless all the Good Folks

Did they ever come out for stores? Or our we still waiting?

POV: You’re a CISO evaluating vendors. One has actual detections and low false positives. The other has a Super Bowl ad spot and a golf tournament named after them. Easy choice… if your budget is for ads, not security. ⛳📈

#RealCyberVsMarketing #GolfNotGRC

When they tell you 3% is all they had in the budget for you this year.

New Orleans Moreno Administration Implements City Staff Cuts

Mayor Helena Moreno's administration implemented significant personnel changes. These actions address an estimated $222 million budget deficit in New Orleans. Over 30 employees were laid off, and offices like Youth and Families were effectively closed. Key programs, including Crescent City ID and youth initiatives, face uncertain futures. City workers and advocates express concern over program continuity and morale.

https://veritenews.org/2026/01/27/new-orleans-moreno-cuts-layoffs-deficit/

The state has twice rejected Palisades Park's emergency budget plan. This plan aimed to cover a $775,000 budget shortfall from last year. The borough council passed the appropriation resolution on January 5. The state's denial could lead to layoffs and service cuts. This decision also creates uncertainty for the borough's 2026 budget.

https://www.northjersey.com/story/news/bergen/palisades-park/2026/01/27/nj-denies-palisades-park-budget-shortfall-plan-layoffs-cuts/88362136007/

The Redlands Unified School District board will meet to consider significant staff reductions. Resolutions propose authorizing layoffs for 91 certificated and 44 classified positions. These cuts are attributed to declining enrollment and budget constraints. The board will also review the district's 2024-25 financial audit. Additionally, trustees will discuss a new mobile device policy and the 2027-28 student attendance calendar.

https://www.communityforwardredlands.com/redlands-unified-to-consider-layoffs-budget-audit-policy-changes/

Oregon City Schools will hold a special meeting. The meeting is scheduled for Monday. Its purpose is to discuss district finances. Other regional school districts also face budget issues. State officials acknowledge education funding is a key topic.

https://www.13abc.com/2026/01/24/oregon-schools-set-special-meeting-district-finances/?outputType=amp

If I decline to move, any ideas on what the timeline looks like to get the official layoff notice? I hear that puts me on "the list" but I'm more curious what that means for timeline / budget purposes. I want to find a new job, but I want to do it in the right order.

Thanks!

Targeting the level 15 was long overdue. Most of them were promoted due to favoritism and not talented and do not contribute anything significant over a level 13.

Many of the grade 15 I knew were given LoP out of favoritism, failed many deliverables and instead of being put on PIP, was covered by their manager pulling corporate politics. The 15 were getting paid more than midpoint.

The majority of 15 in TOS are a serious waste of the department budget and I approve of them getting laid off and they won't be missed.

Los Angeles school officials warned this week that staff cuts could be coming, including likely layoffs, as the district deals with ongoing declines in student enrollment. At the same time, officials are facing a three-year budget forecast that ends in a deficit, putting additional pressure on district finances and staffing levels.

https://www.latimes.com/california/story/2026-01-22/falling-enrollment-budget-uncertainty-lausd-warns-of-layoffs-cuts

Is there any updates?

I know the budgets for the store teams came out, but have the budgets for the management team came out? Or any changes in jobs for managers/captains. Any layoffs or role changes being talked about?

Heard from my manager to not expect AIP. They submitted ratings, but not budget.

Just ask the simple question is it still 120% of budget.. is it tho... the decisions being made are just absolutely absurd at this point and that's saying a lot over the past 3-4yrs let alone the last 15. Sad for all of those who put in the time and effort to hit your # you will get a BS excuse as to why it has now changed... last minute things that make you go hmmm

When do spring budgets come out for jobs? What manager positions are they consolidating or getting rid of?

Does anyone have insight on what date department budgets will be approved/finalized this month?

I wonder how much money we are spending to move?

London City Council overrode Mayor Randall Weddle's vetoes on Tuesday. This included an amended budget ordinance. The new budget could lead to 87 city employee layoffs. Affected employees are filing a wrongful termination lawsuit. The budget changes are set to take effect next Thursday.

https://www.wkyt.com/2025/12/30/london-mayor-city-council-clash-over-budget-employees-face-layoffs/

Thirteen staffers in two New Orleans municipal departments received pink slips this month under Mayor-elect Helena Moreno’s plan to balance the city’s budget, the first of multiple payroll cuts that are expected to claw back $37 million in savings.

https://www.nola.com/news/politics/new-orleans-layoffs-budget/article_cf2f6e88-bc75-4c80-acde-40a2a3e9c836.html

Western College recently laid off over 60 employees. This action dissolves about half of these positions and restructures others. The college aims to reduce its budget by approximately $4 million. Budget shortfalls stem from reduced property taxes and reliance on reserves. Impacted employees received 90-day notices and six months of health insurance.

https://www.greenriverstar.com/story/2025/12/18/county/layoffs-at-western/13418.html

Some thoughts as I think about the 2025 capital budget and what it implies at PSX:

• Same level of spend as prior years, adjusted for their acquisition of WRB. This suggests that PSX views capital spend as a constant and something that has to be spent regardless of market environment. As an investor that concerns me regarding their ability to show returns over the long term. This likely is the result of their outdated views on midcycle and how capital is spent relative to other priorities.

• PSX continue to chase a short-term EBITDA target in Midstream while margins in the business are declining. This jeopardizes long-term returns at PSX in favor of short term stock appreciation.

• PSX continues to spend significantly at CPChem at a time when two large projects will put additional pressure on margins. This downward margin pressure will compromise their project returns and jeopardize the returns at PSX for years to come.

• PSX is spending $1.1B on Refining but can cite only one large project. This is in contrast to their peers that are making real market calls on how they are spending their capital. It potentially suggests that PSX does not have projects identified that are at scale and that they may struggle to have a read on the market environment to know where to invest.

• VLO is spending $1.6B on refining with several large projects cited to reposition their refineries. Perhaps this is why PSX struggle to outperform VLO.

• MPC is spending $1.25B on refining projects and is making real market calls at several refineries

At a time when PSX needs to show they can operate refineries well, one would think they would have more detail on projects that will reposition their assets. Instead, we get the same answer we get every year and a capital budget that looks like the one the year before.

400 million spent to be spent on layoffs each Quarter this FY?

CR and CU is more concerned on cutting their staff when they don't meet their unrealistic budgets than be a true leader. If they aren't shown the door soon all of the other BU's will be going the way of our maintenance division.

https://www.wpri.com/news/local-news/blackstone-valley/pawtucket-school-departments-possible-budget-deficit-puts-100-jobs-at-risk/

Apparently the board will sign off on budgets next week (Dec 2nd etc).

Should we expect more departures, or will they wait till the holiday season is over?

Newer MBA here wondering when we will know our spring headcount’s and budgets for Q1 ? And any information anyone could share would be appreciated

This is not the first time Target has failed. Had they learned their lesson after failing to launch in Canada they would not be in this mess. They believe they can tell consumers what that need and want and that’s just not how it works. Value is such a subjective thing and Walmart and Costco have successfully tapped into this. I remember when I started 4 years ago and barely shopped at Target as a consumer because I was on a tight budget. Once I got my employee discount I figured it was worth it. I stuck to groceries and avoided the stuff I didn’t need. I told my senior director that Target may be off putting to people on a budget and maybe that should do a fun marketing campaign making fun of overspending and that you could grocery shopping on a budget. His response: we have teams that look into marketing and for me to essentially stay in my lane. This is why Target is failing. Leaders think they know better. I left a year ago and just shake my head at such an avoidable situation.

A state report indicates dozens of Horry County employees may face layoffs. County leaders are reviewing which departments could see cuts as they rework the budget.

The district has already laid off staff, including counselors and teachers, because of budget cuts. Students and community members are pushing back against the reductions.

https://www.nbcboston.com/news/local/school-district-cuts-dozens-of-jobs-before-thanksgiving-due-to-1-4m-budget-deficit/3844661

• Given the size of the deficit and scale of cuts, questions have been raised about financial oversight, budgeting practices, and how the shortfall developed.

• Students and families are worried about the impact on classroom support, counseling, paraprofessional services and overall student experience.

• The district acknowledges the cuts, but also suggests they are doing what they can to continue operations and maintain instructional quality.

Does anybody know how much has been spent on it already?

GF can't seem to get GaN right. They started with IMEC some years back, then bought a version from Ratheon, then the past few years have licensed or bought other flavors of GaN from TSMC and others. Why is GF wasting so much money to get a version of GaN working? Did they lose all their technology device/process talent? Something seems broken!!!

Nearly end of the year, With the payroll cut offs due soon any news? Whats the delay the earnings have been published, mid years have been completed, why is this company still hanging onto peoples pay rises?

Do more with less…… is what they tell us.

2%?? TD Mike and AMEX SB Dunk Sathish must really be struggling. Imagine going back and telling HR "we need to cut 2%" instead of learning how to balance a budget. I told yall this months ago it was coming. Told you last month too. And someone wanted to comment on my last post to say "I was making this up"

I hope that person read the news today. Bet they won't comment on my post now...

More layoffs are coming too!!!