#costcutting

An investment analyst forecasts significant layoffs at Novo Nordisk. Up to five thousand staff reductions are predicted within two years. This prediction follows a decline in future earnings expectations. The company needs to address its cost structure. This view comes from an analyst and economist.

https://medwatch.com/News/Pharma___Biotech/article19163186.ece

I mean, not really. Maybe on paper, to an extent. Paper is just the cover. It will be money based, without any long-term strategy, any concern for team cohesion and efficiency, and without any thought about talent retention. It’s the scrambling phase. Chickens coming home to roost for the string of bad decisions, driven by greed, grandiosity and mediocrity.

Dan signed up for multi billion dollar transformation.

15k layoffs wasn't enough.

More cuts def coming and it seems like execs are getting real with their teams and just flat out scrutinizing everything.

The Sr Directors are also lacking one of the two main key skills. 1) leadership 2) technical knowledge.

Only a handful around that can do both. Can't grow a company if u are just one.

They may no longer be obligated to WARN in those states locations with 50+ employees, so VZ won't have to pay the additional money to keep them around doing nothing for a extra 30 or 60 days. It makes it cheaper to do layoffs after this is done, harder to count and trigger the thresholds.

Outing myself as a NJ resident; I participated for many years at the Verizon Corporate Classic 5K in Morristown that benefits the JBWS organization (supporting DV victims in the area). It was always a fun event to participate in with coworkers and family members. As far as I know, Verizon was always the premier corporate sponsor for this thousands-large event every July, organizing everything down to the (talented, classically trained!) singer for the National Anthem.

I got laid off this past November; I was happy to see an email come through my personal account letting me know the race is still on for this summer. But the branding looked totally different. I went to verizoncorporateclassic dot com, and it redirects to morristowncorporateclassic dot com with no indication whatsoever that Verizon is sponsoring it. At least it still benefits JBWS.

I guess Dan really is cutting all the fat, huh? even some of the lean?

Epic Games is cutting over 1,000 jobs across the company. This decision follows a decline in user engagement for Fortnite. CEO Tim Sweeney stated the company is spending significantly more than it earns. Industry-wide challenges also contribute to the financial situation. The layoffs are part of broader cost reductions exceeding $500 million.

Cary, North Carolina

https://www.carolinajournal.com/cary-based-epic-games-cuts-20-of-employees-after-fortnite-slump/

You’re not viewed as an investment, you’re treated as a cost to be managed. That distinction is intentional. This isn’t leadership, it’s management in its most short-sighted form.

There’s no real vision here - only a fixation on near-term optics and personal gain. Anyone outside of that inner circle is reduced to a line item, something to optimize or eliminate in service of short-term efficiency metrics. The broader, long-term impact simply isn’t part of the equation.

They understand the job market dynamics. They know there’s a steady pipeline of applicants. That knowledge reinforces a mindset where people are interchangeable and, ultimately, expendable. It removes any incentive to invest in talent, develop people, or build something durable.

The cost-cutting decisions they make carry little immediate consequence for them personally, since they’re insulated from the actual work and its downstream effects. But those same decisions generate immediate, tangible upside for themselves, whether in compensation, perception, or internal positioning.

So the system sustains itself: extract value now, defer consequences, and treat people as replaceable inputs rather than assets worth investing in.

Large pharmaceutical companies collectively reduced their workforces by over 22,000 in 2025. This contraction occurred as the industry faces a $300 billion patent cliff. Many firms implemented cost cuts and layoffs to maintain profits. Pfizer, Novo Nordisk, and Sanofi were among those with significant reductions. Conversely, Eli Lilly and Amgen notably expanded their employee numbers.

https://www.fiercepharma.com/pharma/large-pharma-companies-reduced-headcount-over-22000-2025-300b-patent-cliff-looms

The "Break Up Big Medicine Act," introduced in February 2026 by Senators Elizabeth Warren and Josh Hawley, seeks to dismantle vertically integrated healthcare conglomerates. It aims to prohibit companies from owning both healthcare providers and insurers, pharmacy benefit managers (PBMs), or wholesalers, reducing conflicts of interest, lowering costs, and increasing competition.

Epic Games is laying off over 1,000 employees. This decision follows a downturn in Fortnite engagement since 2025. The company is spending significantly more than it is making. These cuts, along with $500 million in cost savings, aim for stability. Impacted employees will receive severance, healthcare, and accelerated stock options.

https://www.epicgames.com/site/en-US/news/todays-layoffs

Title says it all. Exxon will not stop untill all engineering and research is done in India or even lower cost countries. There are several studies going on now that are looking at BTC capabilities and off shoring to India. The only jobs will be at the physical plants for operations. Everything else will be outsourced. We already have BTC engineers working at several plants in rotation. Look around and see the future. Costs saving are exxons future. The bottom line is the most important constant and nothing else matters.

Veteran. High performer. Unique skillset. None of it matters. It's about the money. Skill and experience cost more, so they'll keep the slacker and cut the person who actually knows what they're doing. Meaning all that hard work you put in? That was for you. This company was never going to appreciate it.

Ongoing rolling layoffs are being executed without a clear audit of role impact or transition planning. The result is predictable: critical responsibilities are disappearing, remaining teams are absorbing gaps, and service quality is starting to degrade to the point of tipping. All company stakeholders should be paying close attention.

This pattern of cost cutting is undermining operational continuity and institutional knowledge.

For leadership—especially at the CEO level—this should be a visibility issue. If the intent is long-term efficiency, the current execution is creating the opposite: higher risk, lower resilience, and avoidable disruption for both employees and customers.

When directly questioned... certain executive leadership directly contradicts the CEOs 's thoughts and concerns on the matter and openly states they don't care. This to me says the CEO is not the one in charge anymore.

Employees who have brought in millions in revenue with decades of tenure are tossed to the side all so one executive in charge of cost cutting can get his bonus and show how many people he got rid of.

I personally remember a time when the CEO of this company looked at us as people. He once saw that we could be their very own family...thier daughters, sons, sisters, and brothers but at some point he handed over the reigns and decided to let his legacy be the destruction and upending of so many lives.

Upload the annual budget statement to Claude and ask it to analyze the document for cost‑reduction opportunities. Most expenses come from WIM, and there appears to be a potential savings of $800M by lowering those costs.

Is cost-cutting only for lower bands? I know a Director who gave a sermon on cost-cutting and budget cuts happening across, and that's how he needed to "release" team members. After a few weeks, he got promoted with a big pay increase. So then, is it that no more budget issues for his team? I am seeing several promotions and pay increases for Band 5/6 and above. If the company is in such a budget-cutting mode, how come all senior levels are getting pay increases and promotions recently?

Got called by a scammer (tried to fake local accent but was unsuccessful). Said from Wells Fargo Fraud department. Wanted my credit card number to validate I was I and said had two flagged charges - one from Ama....on and another from overseas.
Long story short, during the conversation I gave scammer fake CC number. He stated this was not the correct one. The scammer had my mailing address, and the first 6 digits of my CC. This is concerning. So I afterward called Wells Fargo from the 800 number on my CC. Explained to the banker on the other end what had happened. He started laughing and said, ok why are you calling us? I stated because scammer had a lot of my ID info and that my CC was likely compromised. I said how is it that a scammer can - IN REAL TIME - validate my CC? Clearly they were logging into Wells Fargo somehow and validating. Banker said "we don't care about them, we don't have enough manpower to follow them, all we care about is you". So I gave up and asked my account be flagged as compromised - he generated new CC request for me and that was that.
However - since when does WF not care they are allowing scammers to attempt to take control of our accounts? It was the most amazing (not in a good way) conversation I've ever had with Wells Fargo.
And for this guy to state baldly "we don't have enough manpower" was absolutely concerning.
This is what you get when cut cut cut is the mantra. Customer service? Seems to be trending down.

Looking at our current structure, it feels like the 'manager-to-grass root level employee' ratio has drifted toward an unsustainable level of middle management. multiple layers of management, which creates a 'bottleneck of consensus' rather than a bias for action. To save cost and be competitive, Oracle need to flatten the org chart, empower individual contributors to make decisions, and reduce the number of 'status-update' layers.

One week it’s “focus on growth,” the next it’s cost cutting, then it’s something else entirely. No one knows what the priorities are anymore, and it shows in how teams operate. At this point, the layoffs don’t even feel shocking, they feel like the obvious outcome of nonstop chaos.

Boston Consulting Group coming back for assessments at Technology gp. Be ready!

SaaS data insight firm Dofollow.com identified four key indicators of impending company layoffs. These signs include hiring freezes disguised as "role reviews" and sudden cost-cutting measures across departments. Aggressive productivity metrics and shifts in leadership communication also signal potential workforce reductions. The U.S. economy recently saw unexpected job cuts, with 97,000 non-farm payroll jobs lost in February. Despite this, total jobs remain above long-term trends, suggesting a "rightsizing" rather than a crisis.

https://www.thestreet.com/employment/4-signs-your-company-is-quietly-planning-layoffs

The prior post was just about that town hall. The issues in this team go way beyond a useless town hall. Share your stories of bullying and dysfunction. We just lost the best engineering guy the company had. The story we heard was he got sick of the micromanagement and cost-cutting by leadership. Pulled his parachute. Vendors run us over and we can't do anything we need to. Thanks Mr. Reed for nothing.

There has been whispers for the last 18 months of at least one of the Irish sites closing to cut costs. But only one of them is actually owned (Limerick) and Cork still has manufacturing which leaves Dublin on the cutting block perhaps. Anyone else heard similar?

Turns out there was actually a real annual layoff recently, not related to the Coffee Badging thing, even though this enforcement accelerated greatly and many people were laid off for that too.

But it is odd that the annual layoff where people were let go for cost cutting reasons from the company didn't make waves on this forum at all.

They cost a bunch right away with severance and other related stuff, and then they hire new people who might be cheaper but are less productive and sometimes need two new employees to cover what one person used to do. How does that somehow equate to savings?

It’s clear Dan and the board are focused on cost and the location strategy is dead. No point having offices only 30% full and paying 100% cost. Further rifs are going to reduce sites below critical mass. So which ones are in danger?

Due to poor sales we are shutting down Topeka for a week. Here is the kicker. This is not going to be the only factory or just a one time occurrence. My understanding we are well below targets and look to have a longer shut down in July.

If you are management in Akron, you are the problem. From low manager to President.

Vistagen Therapeutics announced a roughly 20% workforce reduction on March 5, 2026, to cut costs and prioritize resources for its social anxiety nasal spray, fasedienol. This restructuring aims to extend the company’s cash runway while advancing its ongoing pipeline, specifically the PALISADE-4 Phase 3 trial.

https://uk.investing.com/news/sec-filings/vistagen-therapeutics-reduces-workforce-by-20-percent-to-manage-costs-93CH-4552464

Let’s rolled out a plan that generates no money and reps just adding a line to the second IMEI just to get a line with no usage.

the bloody cuts from the end of the year aren't enough.

"For 2026, the company expects normalized operating margin of 8.6-9.2%, with the midpoint representing a 50-basis-point (bps) improvement from 2025. Most of this expansion is anticipated to come from lower overhead expenses. The productivity plan is also projected to deliver more than $75 million in year-over-year savings and reduce overhead by nearly 100 bps, as a percentage of sales. These savings will support Newell to offset inflation and higher tariff costs while supporting increased investment in innovation without compromising profitability."

They gutting Poly persoanl world wide hiring cheaper hires.

Warner Bros Montreal has experienced an unknown number of layoffs. This occurred amidst the acquisition of Warner Bros by Paramount Skydance. Employees shared news of their cuts on LinkedIn. The layoffs affected various departments, including producers and designers. Cost-cutting efforts are common during major company acquisitions.

https://wccftech.com/warner-bros-montreal-hit-with-unknown-number-of-layoffs-amidst-paramount-acquisition/

If an entire online retail sector is bleeding money and racking up consistent losses, why are we still pouring resources into it? Why can’t we let those employees go or redeploy that talent pool into areas where we actually make money?
Our prices are noticeably higher than the competition’s, and we’re a pharmacy company at heart. So why does anyone seriously believe we can go head-to-head with retail giants and win customers?

A TV has been installed on each floor of my garage that shows me a lot of squiggly lines that are meant to convey something or other. We're either the best garage ever, the worst, or we're somewhere in the middle - I'm not sure.
More well-spent money to keep these bean counters, who can't even convert data into an understandable format, on our payroll while gutting essentials. [insert-eye-roll-emoji-here] But, it is a great apple-to-oranges comparison of dissimilar areas that pose their own unique, incomparable challenges.

https://www.reuters.com/business/world-at-work/meta-planning-sweeping-layoffs-ai-costs-mount-2026-03-14/

Great article on the Hill about how RTO initiatives are sabotaging productivity because the office is a noisy, distracting time-su-k:
https://thehill.com/opinion/technology/5775420-remote-first-productivity-growth/

But as we all know, BB's motivation for RTO was never about productivity; he's trying to drive attrition so that he can get costs down and sell off the parts for cheap:
https://www.itpro.com/business/business-strategy/business-execs-just-said-the-quiet-part-out-loud-on-rto-mandates-a-quarter-admit-forcing-staff-back-into-the-office-was-meant-to-make-them-quit-but-this-quiet-firing-practice-could-easily-backfire

It's coming - Exclusive: Meta planning sweeping layoffs as AI costs mount | Reuters https://share.google/MVojTS4lM4QvvO5Ae

Dearest gentle reader, it has come to this author’s attention that all is not glittering in the oil patch, particularly within the cold, steely walls of Chevron.

While the company boasts of record-setting efficiency, measured by colorful scorecards that are all the rage this season, the loyal workers—those remaining, at least—are being squeezed until they are positively breathless, expected to drive performance while looking over their shoulders.

'Tis whispered that the infamous leader, the Cryptkeeper himself, MW, cares not a wh-t for the human cost of his grand ambitions, treating seasoned staff as mere overhead to be deleted, rather than the lifeblood of the enterprise, as he searches for his next low-cost geography “Diamond” of the season and incessantly prods his subjects to most expeditiously dispatch labor abroad.

With thousands of souls reportedly cast out in a relentless drive to slash costs, one wonders if the "Human Energy" touted in this company’s advertisements refers to the energy it takes to flee the sinking ship, or perhaps, the sheer audacity of laying off much more than the reported 20% of the workforce, while demanding more with less.

The atmosphere, by all accounts, is less "energy giant" and more "relentless harvester," leaving one to wonder who, if anyone, will be left to turn out the lights in Houston.

Fear not, gentle reader, for there is much more merriment to share. The ton demands it, and we shall oblige. I leave you with this juicy riddle: who is the Diamond that shines so bright—albeit unnaturally—that he lights up the dark halls of the Houston dungeon and is—dare we say this—in an entanglement? One hint: Chicklets

Oracle 10Q (March 2026)
ORACLE $2.1 BILLION IN RESTRUCTURING ACTIVITIES

RESTRUCTURING ACTIVITIES
Fiscal 2026 Oracle Restructuring Plan
During the first nine months of fiscal 2026, our management approved, committed to, initiated and further supplemented plans to restructure and further
improve efficiencies in our operations due to our acquisitions and certain other operational activities (2026 Restructuring Plan). The total estimated
restructuring costs associated with the 2026 Restructuring Plan are up to $2.1 billion and will be recorded to the restructuring expense line item within our
condensed consolidated statements of operations as they are incurred through the end of the plan. We recorded $156 million and $982 million of
restructuring expenses in connection with the 2026 Restructuring Plan for the three and nine months ended February 28, 2026, respectively. Any changes to
the estimates of executing the 2026 Restructuring Plan will be reflected in our future results of operations.

https://investor.oracle.com/sec-filings/sec-filings-details/default.aspx?FilingId=19237933

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001341439/751a926c-6f62-4baf-8f51-80cbcafdc616.pdf

We have so many people whose whole job is collecting updates from those of us who do the work and presenting them somewhere else. They don't add anything. They don't do anything. They just take the work, repackage it, and hand it up. Cut them all and nothing would change except maybe things would move faster.

here is the break down
$1.6 billion restructuring programme,

Phase 1 (Done) ~10,000 layoffs , $961M - this was late 2025

Remaining
Phase 2 (Now March-May) $639M

if they layoff from low paying areas then yes 20k is still to go , if its higher paid areas
then number will be lower , will see

what do you think ?