#layoffs

Bring on the layoffs and reorgs… been hearing rumors for several months and just ready to find out my path heading towards 2026. Best of luck everyone.

surprised no one has posted here about it, but there’s for sure layoffs happening Thursday.

It’s such a huge program for Carelon BH with a long history. How many jobs will be affected from MOS and elsewhere in Carelon BH? I suspect that other areas will be affected too as MOS infrastructure supports a wide swath of the company.

The new leadership has no clue what they are doing and destroyed the department. Hiring all mid-level execs and firing the workers. This week they are laying off 125ish people and told all IT to stay home until you are told if you have a job. What courage.

The geniuses leading us led to this:

Auditing firm BDO USA has conducted layoffs and suspended non essential travel to cut costs while managing a $1.3 billion ESOP related loan from Apollo Global Management.

Bloomberg reporting cited by Yahoo Finance says the roughly 9 percent interest debt, reduced by 100 basis points after a June 30 refinancing, is pressuring multiple departments including tax, audit, and advisory. BDO declined comment on client matters.

The firm also faces scrutiny from a proposed ESOP class action alleging workers overpaid to join the plan, and reputational fallout from First Brands Group’s bankruptcy after BDO provided a clean audit opinion.

Despite headwinds, a source said the firm remains financially stable and continues to optimize operations. BDO reported $2.89 billion in revenue for the year ended December 31 and in September announced plans to hire more than 1,300 people from HORNE.

BDO USA - Chicago IL

https://finance.yahoo.com/news/bdo-usa-lays-off-employees-100153492.html

This is about information on the upcoming layoffs and the future of Paramount. Not a place to complain about politics. Now let’s get back to that. Are we still going on the assumption of Halloween week or is there a new date? Are there any new rumors we can discuss?

iHeart has begun its annual fall layoffs amid a broader push for profitability, with speculation of hundreds of cuts nationwide. In Los Angeles, KFI 640 AM let go evening host Morris W. O’Kelly minus Mo’Kelly minus his producer Tawala Sharp, imaging director Clay Roe, and Real 92.3’s overnight host Chuck Dizzle. The moves come as KFI’s ratings have softened and the station adapts after leadership changes and newsroom cuts, though KFI still tied for 14th in the market in September.

CEO Bob Pittman’s 2024 compensation drew criticism in the piece, alongside a noted 46 percent staff reduction over 10 years across the company. Separate from the layoffs, a lawsuit filed by former Alt 98.7 morning co host Renae Ravey alleges age discrimination against show host Jeff Fife minus Woody minus which iHeart and Fife have not commented on.

iHeartMedia - Los Angeles CA -

https://www.ocregister.com/2025/10/13/radio-station-layoffs-add-to-the-chill-in-the-autumn-air/

Ingersoll Rand Industrial U.S. Inc, known locally as Gardner Denver, filed an Illinois WARN notice indicating around 70 layoffs at its North Euclid Avenue facility in Princeton. The first layoff date in the filing is March 2026. The company manufactures compressors, blowers, and vacuum pumps. Local outlet 103.9 WLPO reports it has requested additional details from the company.

• Ingersoll Rand Industrial U.S. Inc - Princeton IL >https://www.starvedrock.media/wlpo/princeton-manufacturer-issues-layoff-notice/article_3408ceab-c3f7-405b-9c95-1aa38753d93f.html

Buckeye Ranch plans to lay off 66 employees by December 1 after Franklin County Children Services chose not to renew its contract with the Permanent Family Solutions Network, which ends December 31. FCCS described the move as a strategic shift to serve families directly, not a reflection on Buckeye Ranch’s work quality. The organization is pursuing internal transfers and some staff have applied to FCCS or elsewhere. The layoffs affect only the PFSN program, while all other behavioral health and child welfare programs remain operational.

Buckeye Ranch - Columbus OH -

https://abc6onyourside.com/news/local/60-buckeye-ranch-employees-face-layoffs-after-contract-not-renewed-franklin-county-children-services-ohio-department-of-job-family-services-odjfs-december

Porsche - Stuttgart Germany - https://www.forbes.com/sites/joshmax/2025/10/13/is-porsche-sinking-layoffs-tariffs-and-other-issues-abound/

Porsche faces headwinds despite solid U.S. demand, with 57,099 YTD sales up 5.6 percent and record CPO volumes. Global Q3 deliveries fell about 6 percent, led by China down 20 percent and North America down 5 percent, amid tariffs, a cooled China luxury market, and a bumpy EV shift. Porsche plans to cut 1,900 more jobs by 2029 minus largely via attrition and non renewals minus and has delayed key EV rollouts. The brand remains profitable with strong loyalty, but leadership signals a strategic reset.

• Air General Inc - Chicago O’Hare Airport IL - 55 layoffs on Nov 8 due to lost contract

• Brookdale Senior Living, Brookdale Lake View - Chicago IL - facility closing, 117 layoffs on Nov 17

• Carolina Therapeutic Services dba CTS Health Inc - Chicago IL - temporary layoffs of 33 employees at three facilities announced Sept 26

• CNC Logistics Inc - Palatine IL and West Chicago IL - plant closures, 57 layoffs in Palatine on Aug 27 reported Sept 23, 53 layoffs in West Chicago on Sept 23 reported Sept 30

• Mauser Packaging Solutions - Chicago IL - possible plant closure, 168 layoffs on Nov 21, tied to union negotiations and Teamsters Local 705 strike

• Penske Logistics LLC - Naperville IL - 37 layoffs on Nov 4 after prior contract loss in Missouri context

• Revelyst Inc - Rantoul IL - 126 layoffs on Nov 3 due to restructuring

• Rising Pharmaceuticals - Decatur IL - 86 layoffs on Nov 15 due to consolidation across two sites

• Spirit Airlines Inc - Chicago O’Hare International Airport IL - 64 layoffs on Dec 1 as part of nationwide staffing alignment during Chapter 11 restructuring

• Capital One Financial - Riverwoods IL - 382 layoffs on Nov 17 and 10 on Dec 19, supplemental to earlier reductions and 2026 cuts, linked to exiting Discover home equity and refinance business

• Harlem Furniture, formerly The RoomPlace - Lombard IL - plant closing, 35 layoffs on Nov 2, company shifting to direct to consumer and closing remaining stores

• The Compass Group USA, TouchPoint Support Services - Rockford IL, Freeport IL, Joliet IL, Aurora IL - contract losses leading to planned layoffs: 37 in Rockford and 20 in Freeport reported Sept 12, plus 105 in Joliet and 48 in Aurora reported Sept 19 for November

https://www.pjstar.com/story/news/state/2025/10/13/illinois-businesses-report-waves-of-layoffs-according-to-warn-act/86609807007/

Weiss Memorial Hospital - Chicago IL - 289 layoffs on Oct 25, hospital closed in August - https://www.pjstar.com/story/news/state/2025/10/13/illinois-businesses-report-waves-of-layoffs-according-to-warn-act/86609807007/

I heard 6-10 attorneys were fired or laid off Friday

In the second week of the U.S. government shutdown, the Centers for Disease Control and Prevention notified some 1,300 employees they would be laid off - then rescinded hundreds of those notices within hours, a person familiar with the matter said.

The Trump administration is set to lay off entire offices and hundreds of CDC workers as part of mass job cuts during the federal shutdown, four sources told Reuters on Saturday.

https://www.yahoo.com/news/articles/cdc-walks-back-hundreds-firings-140047883.html

The better job you do, the faster you’re out the door? With special “consideration” for anyone 50+? Probably the usual cr-p. Makes you wonder why we even bother.

The so-called International Leadership Team will be firing 2/3 of the Geneva employees (about 40 peoples) over the next months, including all the Engineering team, as a restructuring of the EMEA activities. Ongoing and Future Engineering activities should be moved the Spain site and most likely heavily subcontracted.

Well that’s it today day number 60, I wish you all well, for those still at Cisco and those like myself moving on.

Take care of yourselves, your family, and your red stapler.

According to RL: Between 2022 and present, he took his eyes off the ball and our expenses increased by $2/bbl, due to the fact we hired 25% more people (in that amount of time)…

Could our cost increase be due to more than just over staffing? Maybe some cost overruns on projects (eg NextGen)? And will those project cost overruns end after this huge layoff? Or are we destined to do another round of layoffs in 2026?

I think, after the huge layoff is over, you’re gonna see a lot of other, small changes that will make it “not a fun place to work”. For example, they may begin charging a monthly fee for the gym. Insurance premiums will increase significantly. People will be asked to work 10+ hours of “casual” overtime, etc. You’ve already seen examples of this with PTO vs sick leave, and the “accrued vacation” policy changes.

I feel for the survivors because the sc--ws will tighten, and there won’t be many other job openings in the industry - you’ll be a captive audience, so to speak.

Sadly I think COP’s gonna be a different place to work than we’re used to.

Rumours of another round of layoffs. 20% to 30% of total workforce reductions

Not just in the last round, but since January?

Certain employees are being laid off due to the location strategy in Florida. However, Summers, Gindi, Ta, Craven, and several other executives will be operating from West Palm Beach for tax advantages. This represents a clear double standard and is a significant affront to all of us who are facing job losses.

Another big layoff coming to cvs
Side mostly in Dearborn and canada. This time will include managers and supervisors spe ially. Be prepared.

Kansas City’s transit agency is facing a budget shortfall. City council members have already approved about 78 million dollars for KCATA and are considering an additional 46 million dollars to keep operations funded through October. In return, they want significant operational changes from the agency.

The proposal would cut routes and reduce service, include staffing reductions, and explore a fare program that charges riders who can afford to pay. The council is expected to vote on the ordinance next week. The aim is to stabilize finances while reshaping service levels, but the tradeoff could be fewer buses and drivers across the city.

Oakland faces a projected 129 million dollar one year budget shortfall and is pivoting to a back to basics approach. City leaders say priorities remain community safety, housing security, essential services, and collecting owed revenues. At a budget hearing, staff outlined difficult choices needed to rein in spending and balance the books.

If approved Dec 17, phase one would cut a little over 204 million dollars. Measures include reductions to city staff and police overtime, postponing one police academy, browning out two fire stations, and transferring money into the general fund from other sources. Proposed shifts include about 6 million dollars from the Affordable Housing Trust Fund, about 15 million dollars from the Self Insurance Liability Fund, and nearly 10 million dollars from the Emergency Reserve fund that exceeds policy minimums.

Lineage, a temperature controlled warehouse REIT listed as LINE, has begun job cuts as demand for cold storage slows. The move follows a comprehensive operations review, with the company saying reductions are needed to protect long term success and adaptability. Specific numbers and roles were not disclosed. Shares fell to about 53.72 dollars, down roughly 3 percent, and well below the 78 dollar IPO price from six months earlier. Softer consumer demand and excess inventories among food makers and retailers are contributing to reduced need for cold storage, which is pressuring the business.

Lenox Hill Hospital, part of Northwell Health, plans to lay off more than 30 EMTs and paramedics within about 30 days while scaling back its ambulance fleet. Three units that currently handle 911 calls from West 72nd Street through Washington Heights will be removed, which frontline staff warn could mean longer response times. Five ambulances will remain in service, focused on Harlem and the Upper East Side.

The hospital says the cuts follow a strategic reassessment within the FDNY’s broader EMS network and aim to streamline operations. The move comes amid citywide financial strain on hospitals and warnings that New York’s healthcare system could lose about 8 billion dollars annually under new federal policies. Advocates and labor groups say reducing hospital based ambulances will add pressure to an already stretched 911 system. Northwell implemented similar reductions in Queens and Staten Island last year, and new city rules that direct patients to the nearest hospital may also be influencing deployment plans.

• https://eastsidefeed.com/odds-and-ends/lenox-hill-hospital-to-lay-off-ems-workers-scale-back-ambulance-services/

Upsher-Smith will close its Plymouth, Minnesota plant at 14905 23rd Avenue North and lay off 58 workers. The closure date is April 1, 2025, with layoffs occurring in two or three waves through July 31. Some Plymouth staff will transfer to the company’s Maple Grove facility at 6701 Evenstad Dr. N., which will remain open. A portion of the layoffs will occur at Maple Grove.

The move follows the company’s 2024 acquisition by Taiwan based Bora Pharmaceuticals for 210 million dollars. Upsher-Smith framed the closure as a strategic realignment to optimize global operations and better serve customers. The firm manufactures several generic dr-gs, including vigabatrin, everolimus, and topiramate.

Founded in 1919 by Frederick Alfred Upsher Smith, the company was owned by Ken Evenstad from 1969 and later sold to Japan based Sawai Pharmaceutical in 2017 before the 2024 sale to Bora. The WARN notice detailing the closure was filed with Minnesota’s Department of Employment and Economic Development.

• https://www.aol.com/pharma-company-close-plymouth-facility-154410116.html

IT unions are urging state and central governments to act after Tata Consultancy Services reported a Q2 FY26 net headcount reduction of 19,755 employees, with total staff falling to 5,93,314 from 6,13,069 in Q1 FY26. The unions say weak oversight has enabled companies to sidestep labor protections and call for immediate regulation to safeguard workers.

They also claim TCS effectively let go 38,255 employees in the quarter once new hires are netted out, disputing the company’s statement that only about 6,000 departures were involuntary. The unions argue such retrenchment violates the Industrial Disputes Act and demand government intervention.

https://www.newindianexpress.com/amp/story/business/2025/Oct/12/tcs-layoffs-it-unions-urge-govt-to-take-measures

Kroger is navigating a transition after a failed Albertsons merger, including layoffs of roughly 1,000 corporate employees to cut costs and streamline operations. Despite the turbulence, investors largely view the moves as a reset rather than a red flag.

https://finance.yahoo.com/news/kroger-layoffs-mean-stock-value-020315215.html

The stock’s performance is strong over longer horizons, up 24.9 percent in the last year, 67.9 percent over three years, and 121.4 percent over five years. Short term performance is mixed, with a 0.7 percent decline over the past month and a 2.2 percent gain over the past week.

Valuation checks suggest the shares look undervalued, passing five of six metrics. A two-stage discounted cash flow using last twelve months free cash flow of about 2.2 billion dollars and a projection to roughly 3.2 billion dollars by 2030 implies intrinsic value of 87.68 dollars per share, about a 22.7 percent discount to the current price.

Overall, the takeaway is that Kroger may offer a margin of safety if it can sustain cash generation and execute through the current transition.

Tomorrow is Monday and a very important week at JRC. A PGL told me that layoffs will take place Thursday and Friday. If you work in FE/RXT and SP, get ready. You won't have a job next Monday. Serious business. Don't dismiss this.

Don't say you weren't warned b

The U.S. Department of Education fired nearly everyone in the Office of Special Education and Rehabilitative Services in a wave of new layoffs that began Friday, according to the union representing the agency's employees.

https://www.usatoday.com/story/news/education/2025/10/11/education-department-special-ed-office-layoffs-shutdown/86646104007/

that can only mean another round of cuts and layoffs.

I was laid off on March 5th of this year. At the skip-level meeting, my Director and HR said I could apply for any position within six months. Once I hit the six-month mark, I applied for three jobs and was rejected for all of them. Is it possible that HR lied, even though the layoff document clearly states I can reapply to any position after six months? I am afraid that my manager blocked me from getting rehired. How can I find out? Because if she did, I want to sue. I can not trust that woman, she smiles in your face and stabs you in the back.

I have a feeling that if I get let go in the coming round, the overwhelming feeling will actually be relief. Maybe that’s just me coping, but I’ve been fed up with this place for so long that it overshadows everything else.

If it turns out to be true, that means we’re sc--wed this coming week. I really hope the part about only managers being affected is accurate. But given the current state of affairs, and all those inspiring news headlines, I’m afraid it may end up hitting everyone. However, the only reason I’d be upset about losing this job is because there’s literally nothing out there to fall back on.

Its Thursday, Oct. 9, announcement indicated that most of the cuts will occur at the company’s New York offices but that there also will be layoffs at its offices in Des Moines; Birmingham, Alabama; Chicago; Stamford, Connecticut; Seattle; and Los Angeles. Some employees who work remotely also will be let go.

The company did not disclose how many would be cut at each location, including Des Moines, and a layoff notice had not been posted on the Iowa Worker Adjustment and Retraining Notification, or WARN, site as of Thursday morning.

https://www.desmoinesregister.com/story/money/business/2025/10/09/people-inc-layoffs-des-moines-jobs/86601335007/

I’m also afraid this round won’t be the end of it.

Not that I’d be surprised or anything.

It has taken awhile to get my mind around this, but the old model of Optum being able to hire a set of onshore engineers or analysts and throw millions at that is permanently over. Wall Street no longer trusts UNH, and for a long time despite very opaque reports on how money was made we plowed through with various revenue claims that any normal company would have been called out on. That’s over-no more moving money from UNH to Optum and calling it revenue, no more selling off groups then buying them back, no more projects that may be profitable someday. There are no more games to play. If a group isn’t profitable now, there’s zero chance it’s going to be added to, and will probably be cut. Bonuses are going to go towards zero, whatever was left of the country club is going away. If you hear you will hire more people someday, don’t count on it. The layers of managers who spend days building PowerPoint for other managers are next for the cut-if you’re not delivering to bottom line, find a way to.