#cuts

We've hit the point where cutting your way to a higher stock price no longer works. The cracks are showing, reality is finally catching up.

Jon Freier, Mike Katz, Deanne King, Jeff Simon, and of course, that loser at the top of the company.

Make sure this article gets shared far and wide.

“T-Mobile Faces Backlash After Axing US Jobs Amid Global Expansion Push Under New Indian CEO”

https://www.ibtimes.co.uk/t-mobile-layoffs-cost-cutting-backlash-1790401

We’re eliminating a lot of people. The round of layoffs like always are getting swept under the rug. We’re just expected to keep our heads down and focus on generating more revenue.

A lot of managers in STS pushing all team members irrespective of their roles to showcase AI Agents and other AI stuff they have created and are using. A lot of boot-camps happening as well. Are they planning to cut roles soon?

West Orange Schools face a significant budget deficit. The district faces a $14-15 million deficit. At least 70 full-time positions will be eliminated. A 2.5% tax increase is included. Rising health benefit costs are a major factor.

West Orange, New Jersey

https://www.nj.com/news/2026/04/this-nj-district-wants-to-cut-70-teachers-and-staff-and-its-budget-still-wont-balance.html

Qualcomm will lay off 66 employees in San Diego. These layoffs will primarily affect engineering, cybersecurity, and IT roles. Marketing, customer service, and management positions are also included. The cuts impact 11 San Diego facilities, including the company headquarters. Layoffs are scheduled to begin at the end of next month.

San Diego, California

https://101kgb.iheart.com/featured/kogo-local-news/content/2026-04-10-qualcomm-announces-layoffs-in-san-diego/

Is it true that parts of the business are about to sold off?
FMS, that’s Mono pumps is apparently about to be sold one of its larger competitors!
If it’s true then it’s great that we will soon be managed more professionally but I’m sure it will lead to cuts as they have a lot of duplication of roles!
Brush up on your German guys, it’s about to get interesting

Is something being planned for later this month?

Let the posting begin…

Prairie Public eliminated 12 staff positions. This represents an 18% reduction in its workforce. The cuts resulted from significant federal and state funding losses. Overall revenue declined by approximately 25%. Some programming and services may be scaled back.

https://www.insideradio.com/free/loss-of-federal-state-funds-leads-to-prairie-public-layoffs/article_69a401de-0b70-4f2f-9b90-9acd00b5cebc.html

22% cut this time.

Rumors floating of 15-25% layoff coming.

Who is going to take the heat and lose their job for such a shortsighted decision, Short-term savings, long-term losses, penny wise, dollar foolish or buying cheap leads to losing money (Yasumono-gai no zeni-ushinai) learn that phrase!

But we got Nike Shoes! What a slap in the face.

Walt Disney Co. is preparing for job eliminations. These cuts will occur over the next few weeks. The move follows a streamlined management structure. Many layoffs are expected from marketing department consolidation. Disney faces declining revenues and smaller streaming profits.

Burbank, California

https://www.latimes.com/entertainment-arts/business/story/2026-04-08/disney-plans-extensive-round-of-layoffs-in-coming-weeks

https://deadline.com/2026/04/disney-layoffs-new-ceo-1236785214/

Can’t only be Medicare can it?

FP Markets has reduced its global workforce. Less than 7% of its employees were affected by the cuts. This action is part of a broader organizational review. The Australian-based broker previously employed over 300 staff. Other retail brokerage firms have also recently cut staff.

https://www.tradingview.com/news/financemagnates:1b9a7872c094b:0-exclusive-fp-markets-joins-layoff-trend-cutting-up-to-7-of-global-workforce/

Austin ISD leaders propose teacher layoffs and cuts to academic programs. These measures address a projected $49 million budget deficit. The deficit could reach $181 million without action. Previous cost-saving efforts included closing ten school campuses. Board members will vote on the proposed budget in June.

Austin, Texas

https://austincurrent.org/2026/04/07/aisd-cut-teachers-budget-deficit/

I'm lost. BD is lost. Can someone tell me what's really going on here?!

This is the worst I've seen it since I started 16 years ago. There is no one steering the ship anymore. If there's still a captain, no one's listening to them. The norm is hurry up and wait. The culture is lies, fear, anxiety, confusion, frustration, and baffling. One good thing I recently heard is that a bunch of higher ups were let go, so someone up top is keen on trimming some of the upper fat. Maybe we will be lucky enough to get more DEI hires to replace them!

How in the he-l are we supposed to make money for these people when they keep hacking and slashing? Not only did we not even get enough hours to run the store, they just cut 2/5 of our full time staff? And they think hiring team leads will make up for that?

How can there be this many slackers still taking advantage of wfh? I hope the next series of cuts is purely for those that are not following policy. If management is serious about RTO, they should use their data to cleanly broom the folks that are not doing their part at this point and send a message. These cuts are long overdue. All of you real estate agents, photographers, off the books carpenters, and slackers in general could go and Ford would not miss a beat.

Everybody knows the abusers in their area - I personally like the analyst in our area that lives in a multi-million dollar house on the lake and comes into the office 2 days a week - Hey, she has a successful photography business to run!

What the he-l is the purpose of a golf ambassador? How much did this sponsorship cost and how many employees didn’t get raises or had their VC cut short because of this?

The Mississippi Department of Health recently terminated approximately 30 employees. These layoffs included about 20 program leaders in preventive health and health disparities. Directors for chronic disease, cancer, and tobacco control programs were among those affected. Federal funding reductions and a desire for improved outcomes prompted the staff cuts. The agency expects to save around $20 million through these changes and contract terminations.

Mississippi

https://mississippitoday.org/2025/10/21/health-department-layoffs-gutted-preventive-health-leadership/

Bowhead Logistics Management will lay off 307 employees next month. These job cuts affect its Letterkenny Army Depot location. The company filed a WARN notice with the Pennsylvania Department of Labor. The layoffs are scheduled to take effect on May 10. Bowhead provides maintenance and logistics support services to government agencies.

Chambersburg, Pennsylvania

https://www.heraldmailmedia.com/story/money/business/2026/04/06/company-at-franklin-countys-letterkenny-army-depot-to-get-300-layoffs/89488862007/

ESPN will implement another round of layoffs. These job reductions are unrelated to the recent NFL Network merger. Cord-cutting and a potential Disney spin-off are contributing factors. A $100 million YouTube TV dispute also impacted finances. Approximately 30 off-camera positions are expected to be affected.

Bristol, Connecticut

https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/layoffs-are-coming-for-espn-again

Anyone expecting new layoffs today after a disastrous Q1?

The Washington Post recently laid off over 30 percent of its newsroom staff. These cuts included journalists covering arts and entertainment. This continues a decade-long trend of declining arts coverage at the paper. Editors previously cut sections based on profitability and reader metrics. Critics now worry about the future of arts journalism and cultural discourse.

Washington, D.C.

https://dctheaterarts.org/2026/04/05/as-sweeping-layoffs-dim-wapo-theater-coverage-critics-reckon-whats-being-lost/

3 team members and 1 upper management got layoff last week in Gentex. The reason was unclear but some say its because of it might have something to do with Gentex losing 42% of its stock value in 2 years. With the Iran, US and Israel war & tariffs, the future seems pretty uncertain as the stock keeps dipping.

Nevada school districts are facing severe budget deficits despite a recent funding increase. Increased costs, flat state funding, and declining student enrollment contribute to the problem. Policy changes in the new funding formula also create financial challenges. Districts like Washoe and Douglas County are reducing positions and considering school closures. State officials are urged to increase education revenue to prevent further insolvencies.

https://thenevadaindependent.com/article/nevada-school-budget-heyday-was-short-lived-why-several-districts-are-now-in-dire-straits

I concern is not the Layoffs but the manner in which they were done. The percentage was not uniform across teams. Some teams had only 15% while some teams ( Not On-Prem)) had close to 45%. No one knows how people were selected. We have seen some good performers being shown the door. Many new hires shown the door. Entire team let go. This is just madness. People had quit stable well paying jobs and joined Oracle and they were let go before they had the opportunity to prove their worth. It’s not that the Big O is in losses that they had to resort to such cuts. There would be no motivation left among the existing employees to perform well when they see such things happen.

Now you want to bleed us further with more cuts? That is our reward for literally working evenings and weekends for months?

After May earnings report on 5/7?

I heard from realiable source there will be cuts in GNT in April but not sure how many. Anyone know more?

Unfortunately the news article is paywalled. But how exactly do they plan to double profits? More cutbacks?? Is this the part where private equity starts doing what they do best, cut everything down to nothing to maximize profits?? Here is the link to the article but sorry it's paywalled.

https://www.bloomberg.com/news/articles/2026-04-02/walgreens-private-equity-owner-plans-to-double-chain-s-profits

A St. Louis company employs over 2,300 people. Officials indicated potential job reductions. A limited number of positions are affected. These affected roles are in customer service. The company's specific name was not provided.

St. Louis

https://www.bizjournals.com/stlouis/news/2026/04/02/firm-with-2-300-local-employees-eyes-cuts.html

I read when FB was in charge he changed the severance package from 2 week to one week per service year. Is that still the case under ML with the recent layoffs? If it went back to 2 weeks, still capped at 26 weeks?

Any more layoffs this year?
Which teams will be impacted?