#layoffs

Halliburton reduces workforce as oil activity slumps, sources say
By Shariq Khan and Liz Hampton
September 5, 2025

DENVER, Sept 5 (Reuters) - U.S. oilfield services provider Halliburton (HAL.N), has been cutting staff in recent weeks, according to two sources familiar with the matter, marking the latest workforce reduction in the U.S. oil industry as it faces rising costs and a period of lower prices and volatility.
Global benchmark Brent crude oil prices have dropped more than 10% this year amid uncertainty over global trade policies and as the Organization of the Petroleum Exporting Countries and allies raise output. U.S. oil company ConocoPhillips this week announced it would cut up to 25% of its staff to reduce costs.

The scope of Halliburton's layoffs was not immediately clear.
Halliburton has rolled out the cuts over several weeks, according to the sources, who were directly involved in layoffs but not authorized to speak publicly. At least three business divisions had lost between 20% and 40% of employees, the sources said.
Halliburton, the third-largest global oilfield services company by revenue, did not respond to a request for comment.
Oilfield services companies provide technical expertise, equipment, and labor, including drilling, to support oil and gas exploration and production.
Houston, Texas-based Halliburton had 48,395 employees at the end of 2024, according to its latest annual report.
The company in June said it expected a sharp decline in full-year revenue, as it warned of lower activity in the oil and gas sector. It posted a 33% fall in second-quarter profit this year amid weaker demand.
On a conference call with analysts after reporting second-quarter earnings, CEO Jeff Miller noted the oilfield services market appeared very different than it did 90 days ago, citing a slowdown in North America and among large national oil companies elsewhere.
"To put it plainly, what I see tells me the oilfield services market will be softer than I previously expected over the short to medium term," he said.
Brent crude was trading below $66 on Friday, down nearly 20% from this year's peak north of $82 a barrel in mid-January, as investors braced for the OPEC+ group's meeting on Sunday. Reuters earlier reported the group will consider raising output further at that meeting.

Reporting by Liz Hampton in Denver and Shariq Khan in New York; Additional reporting by Arathy Somasekhar and Georgina McCartney in Houston Editing by Rod Nickel

https://www.reuters.com/business/world-at-work/halliburton-reduces-workforce-oil-activity-slumps-sources-say-2025-09-05/

Banner Health will transition McKee Medical Center into a specialty hospital, closing its ER and affecting 351 positions across Northern Colorado facilities.

https://www.9news.com/article/news/health/banner-health-mckee-hospital-staff-northern-colorado-layoffs-er-closure/73-90d5363d-2f2b-42bc-bdc4-78f9c5267898

This week was brutal. The rumors are endless, and it would be a relief to know for sure if we can at least take a breather for a couple of days. But honestly, I’m not feeling very optimistic.

Publicis seems to be a sinking ship. Over 400 to 450 people have been laid off in less than a year. Today 100 to 150 MORE people were laid off.

The mutual insurer expects layoffs to occur only in "limited scenarios based on business area needs." Morss-Fischer stated, “These changes are part of our continued efforts to shape a stronger, more flexible organization for the future,” in comments provided to AM Best.

https://www.insurancebusinessmag.com/us/news/breaking-news/state-farm-rolls-out-voluntary-exit-option-says-layoffs-in-limited-scenarios-548641.aspx

They are saying layoffs Mid Sept for some and Mid Oct for others on Optum side...shared services, wellmed, ect. What does it look like for UHC/UHG? Should we be expecting the same. The Steve H email makes me think we should.

Layoffs are spreading across industries, with energy companies hit especially hard. ConocoPhillips plans to cut up to 25% of its staff, or about 3,250 jobs. Chevron is preparing to eliminate as many as 9,000 positions this year. A glut of oil and weak demand outlooks have hurt margins. To preserve cash flow, firms are relying on large-scale cuts, leaving many workers vulnerable.

Tech firms show a very different picture. Profits are climbing, but headcounts are shrinking. Salesforce reported a 10% revenue increase to $10.2 billion and boosted buybacks by $20 billion, yet it cut 4,000 jobs. Oracle shares have jumped 33% this year, with sales hitting nearly $16 billion, but thousands of jobs have been cut in several states. Cisco also raised revenue to $14.7 billion but announced more layoffs, adding to the 5,000 cuts made last year.

Even the biggest names are following the same path. Microsoft brought in nearly $80 billion in sales and $27 billion in profit last quarter. Earnings rose 24% in the same period. Still, the company has let go of 15,000 workers this year. Across sectors, companies are chasing efficiency and stronger returns, while employees face growing insecurity.

https://finance.yahoo.com/news/record-profits-layoffs-wall-street-183153817.html

Source below:

Layoffs are making news across industries, with oil and gas hit hardest. ConocoPhillips will cut up to 25% of its staff, about 3,250 jobs. Chevron is preparing to shed up to 9,000 positions this year. Oversupply and weak demand have cut margins, and companies are cutting jobs to protect cash flow. The move may help balance the books but creates deep pain for workers.

Tech tells a different story. Companies are posting record profits yet still shrinking staff. Salesforce grew revenue by 10% to $10.2 billion and boosted buybacks by $20 billion but cut 4,000 jobs. Oracle shares are up 33% this year with sales rising to $16 billion, yet thousands of roles are gone in multiple states. Cisco also grew sales to $14.7 billion while announcing new cuts, following thousands of layoffs in 2024.

The trend is most striking among the biggest players. Microsoft posted nearly $80 billion in sales and $27 billion in net income. Profits and earnings per share rose 24%. Despite this, it has cut 15,000 jobs this year. Across industries, companies are chasing efficiency and higher returns while workers face mounting uncertainty.

https://finance.yahoo.com/news/record-profits-layoffs-wall-street-183153817.html

October 7th- A half a day of gaslighting brought to you by the company that may be about to lay off any number of their employees. But hey, at least you will know about corporate initiatives and integration. I’m so over this!

WHY PAST TRENDS POINT TO ACCENTURE LAYOFFS IN 2025

SEPTEMBER 05, 2025

Speculation around Accenture layoffs in 2025 is rising, as CEO statements, financial reports, and past workforce reductions point toward potential job cuts. Industry analysts warn layoffs at Accenture could mirror the consulting giant’s 2023 cuts, with AI adoption and efficiency drives driving massive workforce changes.

As the tech industry grapples with persistent economic headwinds, speculation is mounting over possible layoffs at Accenture. Rumors of Accenture layoffs are slowly gaining traction, particularly in light of recent statements made by its CEO Julie Sweet. Experts have raised questions about whether the consulting giant could once again trim its ranks.

A SORDID HISTORY OF LAYOFFS AT ACCENTURE

Accenture, which employs more than 770,000 people worldwide, has never been immune to the global volatility. In March 2023, Accenture layoffs led to 19,000 job cuts. It amounts to roughly 2.5% of its global workforce. The move was meant to drive cost-saving as well as reduce office space.

At the time, Julie Sweet described Accenture layoffs as an “offensive” strategy to strengthen the company’s resilience despite strong bookings and healthy utilization rates. The job cuts at Accenture were also linked to wage inflation, economic uncertainty and a massive shift towards larger-scale transformation projects.

CEO JULIE SWEET SIGNALS ‘REWIRING’

Earlier this month, Sweet unveiled what she called a reversal of “five decades of how we’re working,” shifting siloed business units into a more integrated models designed for AI-driven client services. In a video message to staff, she agreed the restructure has “inevitably uncovered efficiencies and duplications”. This phrasing suggests that layoffs at Accenture are underway.

Although Sweet has avoided explicitly framing the shake-up as a cost-cutting measure, her comments echo those made ahead of the 2023 layoffs at Accenture. In the past, she cited “structural issues” as a justification for job cuts. Industry experts note that her repeated emphasis on “rewiring” Accenture to seize AI opportunities carries clear implications for the company’s workforce.

A STEADY HEADCOUNT DECLINE
Accenture reported $64.9 billion in revenue for fiscal 2024. What lies behind this figure is signs of strain. Workforce intelligence trackers suggest headcount at has fallen by nearly 14,000 over the past year, with consulting reducing in 10 of the last 11 months. Analysts describe this as a form of “stealth layoffs” that avoid large-scale announcements.

The appointment of a new CHRO at Accenture has further fueled speculation. In large companies, HR leadership changes often precede restructures and layoffs. Furthermore, industry chatter places Accenture alongside peers such as AWS and Microsoft, where AI adoption is linked to layoffs.

For now, Accenture has not confirmed any layoffs in 2025. But as the company prepares to report Q4 results later this year, employees and investors will be watching closely for signs of layoffs. If past patterns hold, a formal announcement of layoffs at Accenture could follow soon.

What’s your take on Julie Sweet’s bold moves at Accenture? Will layoffs and a culture shake-up spark a turnaround, or is it a gamble too far? Drop your thoughts in the comments below and subscribe to HR Digest for the latest on leadership shifts, workforce trends, and how they’re reshaping the C-suite. Don’t miss our next deep dive, sign up now!

https://www.thehrdigest.com/why-past-trends-point-to-accenture-layoffs-in-2025/

Can someone post an updated slack count.

With all the layoffs yesterday why was there no WARN letter sent out?

Is it because most of the layoffs were remote workers so there were not enough layoffs at one particular location to meet the WARN eligibility threshold?

Why has a date for the Layoff not been communicated to employees? Why do the news articles state a date of November 10th?

If you also received the cryptic invite, there are more layoffs being announced today. @OP+1k0a07hfh post below had some foresight it seems.

Hope the impact is minimal…

Ryan noted 20-25% but that's an average arcoss the company. IT layoffs will be a much are higher %. If you are in certain groups then you've already seen the contracts being lined up for contractors to replace entire groups and even orgs IT.

The only question is how much will happen in November or how many will be asked to stay longer to train their replacements. Remember the CEP team is now working through 2026.

Rumor has it that Wednesday September 10 is a major cut day at state street. Internal jobs don’t exist , defcon one is upon us. They even took away and froze bravo awards. Ron should get one for being cheap and treating the employees like cr-p but hey the stock price is fine. Hang in there Flock!

I was worried that if not enough people accepted the buyout offer, we'd have an involuntary round after. But if the rumors are true, there are more than enough already, even more than required, which should mean those of us who'd like to stay are safe. Or so I hope.

What's the consensus? This is my first time being laid off in my career. Any guidance helps.

Hold tight. Oil price is coming down and earnings will be down. There will be consolidation, job cut..

Layoffs are happening, quietly, here and there. I've seen a few people being let go just during the summer months. They will continue happening until 2030. You either find another job or make peace with the possibility of being laid off and collecting severance check. That's Cargill now days, pretty toxic!

Bumping this from @2es+1k33rmqyn for info.

Best Buy layed off the Virtual Autotech and virtual auto tech supervisors in the last week of August and First week of September 2025

And said toodaloo M’fkas :)

Multitude of high performing ICs are gone while the 6/7 layers of management fat prevails, almost untouched. Hearing that “managers in the next round” for years and years but nothing changes. The spectacularly d*mb , incredibly political and waste-of-space low- and mid-level managers in technical sales are strutting around our U.K. like they are the cat’s a$$ and own the place. Nice selfies from parties at Vegas on social media too. Nothing will change because they have a Patel God. It’s disgusting how deliberately the U.K. org is being decimated for the last 5 years.

Also heard multiple people voluntarily quit due to the RIFs. Is this true?

Are they offering any severance or pip? It may be my turn at the year end point so just want to plan ahead. I just hope I get a few weeks severance and bonus for the year.

The marketing research company has allegedly laid off 1,000 employees who worked at its Gurgaon, India office, located near the country’s capital city of New Delhi, information shared by Reddit users on the r/Gurgaon subthread showed...

The stock also snagged price target cuts from many analysts, with UBS downgrading it to ‘Neutral’ from ‘Buy,’ citing the company’s soft contract value growth, the Fly reported. The firm stated that the company now appears to be a 3% organic grower in 2026, down from the previously expected 6% rate. According to the firm, this will limit stock upside.

Wells Fargo cut its price target for the stock to $225 from $345, citing a wide contract value miss in the second quarter. The firm based its toned-down expectations on macro uncertainty pressuring the selling environment, as well as cancellations and non-renewals of federal government contracts.

It noted that 40% of federal contracts would come up for renewal in the second half of 2025.

https://stocktwits.com/news-articles/markets/equity/gartner-layoff-buzz-gains-steam-online-weeks-after-earnings-induced-stock-slump/chwIIpURdpF

1000 people got laid off at Gartner Gurgaon in the past 2 days

https://www.reddit.com/r/gurgaon/comments/1n8iuh6/1000_people_got_laid_off_at_gartner_gurgaon_in/

Told to relocate to Charlotte without a package. Seems like they’re pulling some very shady practices. Anyone else getting pushed and prodded like this?

Incoming new hire here. What’s the current culture at Citi within HCOL offices in the US? Specifically NYC/Boston offices? Is the whole bora bora project (mass layoff) still going on?

We want to catch up on our former newsletter where we reported on an Executive Board decision regarding a recurring workforce transformation.

On August 5th and September 1st, 2025, the SE Works Council (Europe) was informed about urgent measures which impact all board areas under the codename “Project Mongoose” in an extraordinary consultation. This project is the implementation of the announcement by Dominik Asam and Christian Klein during the past Q2 Earnings Call, which can be summarized by the headlines of 1-2% reduction of SAP’s global workforce.

The SE Works Council (Europe) expresses its deep concern over the decision to proceed with another wave of redundancies in 2025, marking the second such initiative this year following P24 (“Project 24”) Wave 3. Despite reassurances to the contrary by the Executive Board earlier this year, this development underscores a continued pattern of workforce changes without adequate time to assess the prior transformations. This raises the question: What problems may lie beneath SAP’s Half Year financial figures that have forced the Executive Board to resort to such urgent measures?

While the rationale for Project Mongoose has been framed and presented in terms of adapting to technological change – particularly referencing the effects of AI and location strategy – the actual measures appear to us better aligned with short-term financial targets rather than strategic transformation, wrapped in “lean adjustment” terminology. This paradox between reasoning and actions risks undermining employee trust.

The lack of clarity around projected cost savings, customer impact, AI-related redesign, and location strategy further exacerbates our concerns. We fear these decisions may lead to long-term harm – both talent loss and diminished customer trust. The current lack of transparent and straightforward communication creates uncertainty, which reduces organizational efficiency and erodes confidence in the Executive Board.

The SE Works Council (Europe) urged management to present the reasons for the job cuts in more detail and depth, commit to meaningful reskilling initiatives, and avoid reducing strategic workforce decisions to routine cost-cutting exercises, as to us the current Executive Board decision does not seem to be connected to a discernible logic. Following Project Mongoose and P24, we are worried that SAP and the Executive Board might adopt this practice as another adjustment tool that may be used freely whenever financial targets suggest it.

We remain committed to monitoring the execution process, both from the SE Works Council (Europe) perspective and through the local Employee Representations of the impacted countries. During the consultation process, we have been assured that all impacted employees are treated with respect and dignity and within the legal guarantees of the respective countries. Also, at the end of this consultation, we will keep advocating for a long-term vision that values the expertise and dedication of our workforce. We will come back with more information on this topic in due time.

As always, we welcome your comments and suggestions and look forward to your feedback.

the return to office push is really a quiet layoff.

during covid many companies overhired. now instead of open cuts, they pressure people back into offices under the culture excuse.

here’s the kicker...... 70%+ of companies will demand 3+ days in office by end of 2025. that’s almost three quarters making attendance a downsizing trick with no official layoffs... voila.

meanwhile remote, proven to raise retention and productivity, is being ki-led off. companies want control of bodies, not more value. it’s a squeeze, not a focus shift. this isn’t about better work. it’s about cutting headcount without hr drama.

and if you hear chatter like oh we’re an office culture, right before they talk comp, take it as a warning. if execs push for 5 days or dangle perks for facetime, stop and ask: is this really culture, or just a quiet exit plan.

look through the haze and fu-k them…

• ConocoPhillips to Begin Layoffs as Early as Nov. 10, Company Says in State Notice
• ConocoPhillips to slash up to 25% of its workforce - up to 3,200 jobs
  and many, many more

• Austin-based Oracle to cut 101 jobs in Seattle in latest tech layoff wave
• Oracle cuts hundreds more Bay Area jobs in latest round of layoffs
• Oracle layoffs hit Kansas City as employees report sudden job cuts
• Oracle layoffs loom despite strong financial results
• Oracle lays off hundreds more in Bay Area
• Oracle, Salesforce cut hundreds of jobs in US as tech layoffs drag on: Report
• Oracle's push toward AI results in more Kansas City-area layoffs

Hundreds of Air Wisconsin workers face potential layoffs as part of possible sale

PSA Airlines announces layoffs as Dayton headquarters move to North Carolina

https://www.nbc26.com/appleton/hundreds-of-air-wisconsin-workers-face-potential-layoffs-as-part-of-possible-sale

https://www.wyso.org/news/2025-09-04/psa-airlines-announces-layoffs-as-dayton-headquarters-mov

Winston-Salem/Forsyth County Schools hosts job fair after staff layoffs

https://www.wfmynews2.com/video/news/local/winston-salemforsyth-county-schools-hosts-job-fair-after-staff-layoffs/83-67624657-f1d9-44fe-93e5-110ea55c2436

The event includes neighboring school districts and local organizations looking to fill positions.

Sourcewfmynews2.com.
Published: 6:10 PM EDT September 4 2025
Location:Winston-Salem, NC
09/04/2025 & 9:51 pm UTC

Category: Education

"Another round of layoffs expected to impact 10 to 15 percent of our workers must be completed by November in order to meet our dividend needs."

This was told at the director's meeting this evening. When will this stop?!?

Will there be cuts in EMEA? I haven’t seen anything so far and me and my colleagues are freaking out. I’m talking about ops mainly, in the GIUs (which apparently are not called GIUs anymore)

If you had no promotions in the last 3-4 yeas, then this year will be a good bye year for you, this is applicable mostly from the Manager levels, that will be one of the criteria to measure your performance.

Restructuring will blow away many delivery managers, VPS and leadership level that are just busy on internal meetings will be the other area of nailing down

4th quarter will be a painful period for many many..............

( One of my close friend at leadership level at Texas that had 27 years of experience told me the above points a month ago and quit just last Friday and that time I didn't believed him and thought he is a stupid, but now I see how wise he is)

September 05, last 24h layoffs total: 187, none in American timezones.

September totals, except Sep01: 4025

Methodology: tracking #general Slack channel participants count, since typically access is cut right away and you can see it immediately in Slack.

Lots of projects are in limbo. This is just first round. Teams and Projects will be aligned to new initiatives. If there is no fit, there is plan to layoff more.