Below are all the posts — topics as well as replies — that mention the hashtag #costcutting.
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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 ?
Heads up: My manager said upper management is actively pushing to fire people to save costs and told us to “get ready for the worst.” I’ve been here 5 years, and while last year I didn’t meet some performance metrics, I have documentation showing the assessment isn’t fully accurate. My manager even admitted the pressure is coming from above.
Is anyone else seeing the same thing? Thought we should share experiences and be prepared.
eBay will cease social media support for sellers on March 11, 2026. The company is shifting towards AI-powered self-service options. This follows recent layoffs and moving support positions overseas. Sellers often found social media representatives more helpful. eBay aims to cut costs by expanding AI customer service solutions.
https://www.valueaddedresource.net/ebay-drops-social-support-us/
Unless Nike cuts down paying the ridiculous amount of money to corporate/tech employees, it is hard to balance the books with how much sales are happening. It needs to take just one-shot, and clean the mess of both cost and productivity, and a clean restart/resuscitate, but unfortunately, what is happening now is the slow and prolonged death. A typical principal costs approx $400 to 450k for Nike, in some case, as much as $500k for a shoe company, well for a niche shoe company - (bonus, espp, bonus, stock awards, medical, 401k, and other benefit) and it is paying as much as a tech company, and more in some cases for the same role. Typically, the going price for a principal can be cut down to half of this, even if they outsource it to outside of Oregon within US...and when it goes to ITC, it will be just a tiny tiny drop in the whole bucket of money... and yes, the stock price may possibly pick up at that point...and it is unfathomable even to speak about the total package cost to the company for directors, sr directors, svps, vps, who are just layers after layers who all - never do the right thing and never do anything!
A $300M reorg charge will be taken. I take it this is for more than just the distribution center closures that were announced.
AI isn't taking people's jobs. Here's what's really happening
Oracle's layoffs show that the people losing jobs aren't losing them because AI can do their work. They're losing them to money spent on chips and data centers
https://qz.com/ai-layoffs-white-collar-jobs-oracle-capex
Oracle plans to cut up to 18% of its workforce. This move aims to reduce costs and fund AI infrastructure. The company canceled a major AI data center expansion in Texas. This project was planned with OpenAI. Oracle is reassessing its AI capital needs and operational priorities.
https://simplywall.st/stocks/us/software/nyse-orcl/oracle/news/oracle-resets-ai-ambitions-with-layoffs-and-canceled-texas-d
Reality check: Frontier AI only handles ~2.5% of real remote freelance jobs per the RLI study.
Paper: https://www.remotelabor.ai/paper.pdf
Video breakdown: https://www.youtube.com/watch?v=z3kaLM8Oj4o
Nonstop AGI hype looks more like a convenient excuse for mass layoffs and cost-cutting than actual progress.
Compass International Holdings initiated layoffs. One hundred ten jobs were cut in Madison, New Jersey. These reductions follow its recent acquisition of Anywhere Real Estate. The company aims for "cost synergies" after the merger. Compass plans to achieve significant savings over three years.
Madison, New Jersey
https://therealdeal.com/national/2026/03/06/compass-post-merger-layoffs-are-here/
Especially since they cut the perks at work :(
Layoffs today, orwide. The new overlords want their money!!
BB seems to lose money by tearing things down to rebuild them. In 2021, he bought a $7M house on a Florida golf course and demolished it, building a new multi-million dollar home in its place. In the meantime, he bought a $4.1M condo to live in, which he dropped a ton of money into renovating, and sold it for $3.1M to move into his newly built home. Wasting money tearing things down - is what he's doing to 3M?
He will sweep UHC American Technical jobs all to India, with Steve saving money for the shareholders and collecting his big Bonus for cutting cost at the expense of American Workers. Walkout March 27 -- Stop work. Hit them on the bottom line.
Seriously, outside of short-sighted and short-lived cost cuts, has there ever been anything positive that can be associated with layoffs? We've been having one layoff after another, one restructuring after another, and nothing improves. In fact, it's the opposite. So what's the point?
How many jobs did it cost to pay for the new RedBull sponsorship deal?
How many bonus won’t get paid to send the execs to watch F1 races this year?
I prefer when there are rumors going around than the complete quiet on layoffs. Makes me think we're about to be hit by a major storm. I hope I'm wrong, but with everything happening in the entire industry, I wouldn't be surprised if major cost cutting is in our near future.
KYC layoffs within Miami, Fort Lauderdale, and Tampa locations today. Offshoring the work to Costa Rica while there they struggle to work through the cases leading to greater customer impact. All in the name of cutting costs, right?
Are they so stupid to think AI or somebody in India or wherever can replace that?
https://nypost.com/2026/03/02/business/hbo-max-paramount-set-to-be-combined-into-one-streaming-service-after-hollywood-merger/
6 billion in cost cuts
Paramount is acquiring Warner Bros. Discovery in a major deal. The acquisition is valued at $111 billion. This merger is expected to result in thousands of layoffs. Paramount identified $6 billion in cost synergies. The deal is projected to close in fall 2026.
https://www.avclub.com/warner-bros-paramount-deal-layoffs-110-billion
Angi confirmed it is eliminating around 350 positions as part of a plan to cut operating expenses and optimize its structure. Officials said advancements in AI have helped enable the workforce reduction.
https://www.businessinsider.com/angi-layoffs-angies-list-cuts-350-jobs-ai-efficiency-gains-2026-1
Every single one of us will get swapped out once someone cheaper shows up.
We have so many people whose only job is making slides. Same information, different font, new graphics. They add nothing. Cut them all and we'd probably get more done without all the meetings about the slides.
After watching most major auto companies slash jobs, it was probably naive to think we’d avoid it. But 20 percent is steep. I guess we’ll see how it unfolds, though cutting staff to make up for tariff losses feels like the easy answer, not the right one.
it's time to lower costs and jettison underperforming products and locations. not sure what the delay is
It's frustrating when people claim layoffs are about performance. My whole department, from the VP down, got cut in the last round. We had strong reviews and bonuses to show for it. Sometimes it's just pure cost cutting with zero regard for who actually does good work. Spreading that performance narrative just kicks people when they're already down.
I don't wish job loss on anyone, but it's always the grunts who get sc--wed. Management has been bloated forever, and some roles won't be missed, AI or not. If those of us doing the actual work, for the least pay, can keep our jobs given how tough the market is, I'm okay with it. People with bigger salaries can weather unemployment longer. Most of us can't survive more than a month or two.
That's the only strategy we need. And yes, fire everyone at the top, replace them with a bot that will help people build better and sell more laptops.
That's it, a McKinsey masterpiece in two sentences.
You can thank me later.
WGN TV laid off 8-9 on-air employees on Monday. This follows previous layoffs of behind-the-scenes staff. Parent company Nexstar is currently merging with Tegna. The cuts aim to reduce costs due to anticipated debt from the merger. Nexstar also carries debt from its 2019 Tribune Media acquisition.
https://chicago.suntimes.com/sports-media/2026/02/23/wgn-tv-chicago-layoffs-chicagos-very-own-channel-9-nexstar-tegna
I’m hoping someone in management will read this and wonder why we have Refining PCN doing the majority of IT infrastructure, and IcS staff at sites are pretty much useless and do very little of the core business.
It’s the biggest waste of resources at the sites. If you look at the top 2 incentives they implemented ClarOty and SolarWinds are totally a joke. ClarOty isn’t doing anything and ICS management is projecting the benefits. Ask any PCN Team lead they will laugh!
Please help us at the sites!!!
Leg T surplus is coming but first they are trying to fire you for misuse of company time. They have a usage report for websites and a list of people that are not working. The goal is to fire 20- it will save the company over 2 million dollars.
Some exotic location, while other resources get cut!
To save money/show stock market, Draftkings did a layoff today.
Does anyone knows how many got impacted?
The pharmaceutical giant said in a filing with the New Jersey Department of Labor & Workforce Development, it expects to let go 247 employees between May and December.
BMS did not say which positions it will target or at which locations the reductions will take place.
https://njbiz.com/bristol-myers-squibb-nj-layoffs-cost-cutting/
Oh, well...
Bristol Myers Squibb announced another round of layoffs. The pharmaceutical company will cut 247 jobs in New Jersey. These reductions will occur between May and December. This is part of a strategic $2 billion cost-cutting initiative. The company has already eliminated over 1,200 New Jersey positions.
https://njbiz.com/bristol-myers-squibb-nj-layoffs-cost-cutting/
I've lost my best people consistently over the past two years. I understand that talent comes at a cost, but eliminating it is strategically unsound. We're not just watching institutional knowledge disappear, we're dismantling the very core that holds teams together. Leadership may see short-term savings, but this criterion for cuts will end up costing us far more.
Most of their cases are general inquiries with zero technical complexity and could be easily handled by AI. Every new ticket opened is nothing but a CAPEX/OPEX to Cisco.