#reduction

Any reductions compared to the last time?

+/-4500 for total reduction across various orgs and stores. I

Company wide reduction in force.

Anyone know if Verizon Connect (telematics) is part of the targeting Thursday reduction?

I keep wondering what the next round of changes will bring. More layoffs? Reduced hours? Title eliminations? Anyone have any insight?

How will reductions affect the numbers?

UnityPoint Health is eliminating more than 200 IT positions as part of a revenue cycle outsourcing initiative. The healthcare system will transition certain revenue cycle functions to Omega Healthcare. Affected employees received notification on July 7th. This reduction impacts less than one percent of UnityPoint's total workforce. Patient care and clinical operations are not expected to be affected by these changes.

Des Moines, Iowa

https://www.kcci.com/article/unitypoint-health-layoffs-revenue-cycle-omega-healthcare/71867892

I've always believed Dan was brought in to be the fall guy for what the board really wanted to do. At least from a reduction standpoint. I think the never ending focus on AI is more him than the board because he sees himself as a visionary. Or he wants to be seen/remembered as a visionary. That said, the one thing I heard consistently (in addition to being a hatchet man), was that Dan was not a fan of outsourcing, yet we continue to do it. Why?

So has he really changed his methods or is this more the board's decisions and he's just the face of it now...? Did AI make him do it?

I had my manager call me today and ask for my skills and education background. He told me company is again further more looking at skills and determining who should be placed where. He never used the word layoffs or reduction. CIO tower.

Equip Health reduced its staff by approximately four percent. The digital eating-disorder treatment startup informed employees this week. A company representative cited current market dynamics for the decision. The company seeks to streamline operations and optimize resources.

San Diego, California

https://bhbusiness.com/2026/06/29/digital-eating-disorder-treatment-startup-equip-health-rolls-out-layoffs/

Verizon needs to shed 8-10k more people to meet its 5B opex reduction by EOY. Maybe more when you factor in VZF.

Will see reductions in my backyard, planned for August. Full scope within MDT unknown.

The company will conduct reductions in force (RIFs) each month. There is a targeted headcount reduction that must be achieved based on forecasts designed to demonstrate that operating expenses are being managed and financial controls are in place.

For this round, approximately 90% of impacted employees will be notified by Thursday of this week, with a small number of notifications extending into next week due to colleagues being out on PTO.

Going forward, colleagues should expect RIFs around the same time each month. However, this month’s reduction is expected to be larger than usual, with a higher number of colleagues being affected.

Bumping this from @b6+1kvr3808t for info.

https://www.dallasnews.com/business/article/global-transport-company-shrinking-d-fw-22312734.php

And all completed next week

Rivian announced staff cuts this week. Under two percent of its staff will be affected. Production workers are not impacted by these cuts. The announcement follows the start of R2 vehicle deliveries. First-quarter 2026 net profit for Rivian decreased by $87 million.

https://www.worktruckonline.com/news/rivian-layoffs-will-not-impact-production-workers-r2-has-launched

My prediction is once Kyle Malady retires, you will see consolidation back to VZ 1.0 and then you will see mass reductions in overlaps across two orgs back to one.

I could be wrong but that’s where I believe this is headed / kind reason Sampath out and absorbed without replacement.

Let’s see how this all plays out …

BlackRock Inc. reduced its workforce by nearly 200 people. This reduction impacts less than one percent of its global staff. CEO Larry Fink prefers ongoing, smaller workforce adjustments. This represents the fourth reduction in staff over 18 months. The company is reorganizing after years of growth and acquisitions.

https://finance.yahoo.com/markets/stocks/articles/blk-stock-blackrock-reportedly-cuts-002716602.html

Pioneer Cladding & Glazing Systems Inc. will lay off 43 workers. These layoffs will occur at its Mason, Ohio facility. The company filed a WARN notice with the state. Project postponements and extended customer timelines caused the reduction in work. The company expects these layoffs to be temporary.

Mason, Ohio

https://www.cleveland.com/business/2026/06/facade-contractor-in-southwest-ohio-announces-layoffs.html

So it begins!

35% - 40% reduction in force is what’s been being whispered in the halls.

How are those of us here that got laid off / job eliminated / reduction in force / replaced by HIH / replaced by Indian substandard cheaper labor doing?

Have you all moved on or still bitter?

Anyone else experiencing a Reduction in Dreams (RiD)?

😔🥺🤔

IT leadership stated in meetings it has goals to cut IT staff by roughly 50% and reduce processors by about 75% by year-end.

Fulcrum Therapeutics announced a significant business restructure. The company is reducing its workforce by 85%. This leaves the company with nine employees. The decision follows the discontinuation of its lead dr-g candidate, pociredir. The FDA raised safety concerns regarding the sickle cell disease treatment.

https://www.biospace.com/business/fulcrum-tanks-as-cancer-concerns-stymie-sickle-cell-asset-trigger-business-reorg

Monumental Sports & Entertainment is laying off about 30 employees. This reduction represents just under 4% of its total workforce. The company cited redundancy and efficiency as primary reasons for the cuts. These layoffs are part of an organizational restructuring tied to the Capital One Arena transformation. Monumental plans to reallocate resources and invest in other key areas like technology and fan support.

Washington, D.C.

https://www.sportsbusinessjournal.com/Articles/2026/06/05/monumental-sports-entertainment-undergoes-layoffs/

Screenshots are getting passed around from HR about RIF and compression of senior level roles.

Say goodbye to sr level managers and senior level directors. This is why they 'froze' promotions!!

Monumental Sports & Entertainment recently laid off staff. Approximately 30 employees were affected by these cuts. This number is less than four percent of the total workforce. The organization employs around 1,000 workers. Management attributed the layoffs to redundancy and duplicated work.

Washington, D.C.

https://www.bizjournals.com/washington/news/2026/06/03/monumental-sports-staff-layoffs-wizards-capitals.html

Perella Weinberg Partners is reducing its workforce. The firm is cutting 10% of its staff, including 12 partners. This follows a 91% drop in net income during the first quarter. Concurrently, PWP is acquiring Gleacher Shacklock, a British bank. This acquisition will add up to eight senior bankers in London.

London, United Kingdom

https://www.efinancialcareers.com/news/pwp-cuts-tim-shacklock

NPR implemented staff reductions following a round of voluntary buyouts. The total workforce reduction amounts to fewer than 30 employees. Most employees accepted buyouts, but 10 journalists were laid off. The content division saw a cut of approximately 4%. These actions address financial pressures from declining revenues.

https://current.org/2026/05/npr-reduces-staff-through-layoffs-buyouts/

This top 5 goal is a major change, easily categorized as transformative if anything close to that is achieved. Has anyone seen any metrics / reporting of progress on this? I don't think achieving progress on this goal is realistic without senior leaders leading the way and taking work out (reporting overload being 1). Haven't been here long, this seems like a pipe dream...generally interested in your thoughts?

The company announced a 17% reduction in its global full-time workforce. This cut affects just under 3,100 employees worldwide.The changes aim to co-locate teams and reduce organizational complexity.

https://www.rgj.com/story/news/money/business/2026/05/21/intuit-shutting-down-reno-office-amid-global-layoffs/90198994007/

Management and supervisors have been given their marching orders. By July 1st they are to determine which employees will become business analysts with a 2% raise, which employees will remain in their current position with a 2-3% pay decrease and up to a 20% reduction in staff overall. Higher earners are expected to be fired first with a compensation package.

Takeda announced plans to cut approximately 4,500 employees globally. This makes May 2026 the most significant month for biopharma layoffs this year. As of May 15, 6,739 biopharma employees were laid off or planned for reduction. This total exceeds February's 3,713 and May 2025's full month total. Despite fewer companies making cuts, the overall number of affected employees is rising.

https://www.biospace.com/job-trends/takeda-cuts-send-layoffs-soaring-in-may-rising-year-over-year

Starbucks is eliminating 300 corporate positions. The company is also closing some regional offices. This action aims to streamline the organization. It seeks to reduce operational complexity and boost profitability. This marks the third round of layoffs since last year.

https://seekingalpha.com/news/4593800-starbucks-conducting-another-round-of-corporate-layoffs-closing-regional-offices

Thanks McKinsey & Company. Here come more layoffs

Walmart Inc. confirmed it will eliminate some jobs. These cuts affect corporate staff, not retail workers. The company is simplifying its digital operations. This involves reducing organizational layers and consolidating teams. Layoffs are a result of this operational consolidation.

https://www.fastcompany.com/91541504/walmart-layoffs-today-tech-jobs-cut-memo-does-not-cite-ai

Indianapolis Public Schools announced $17 million in central office cuts. This marks the district's second round of budget reductions this year. The cuts involve eliminating approximately 28 central office positions. Enrollment declines and an expiring property tax levy are driving these financial pressures. Overall, 87 employees have been reduced from the district's workforce.

Indianapolis, Indiana

https://www.wfyi.org/education/2026-05-11/ips-17-million-central-office-cuts-enrollment-referendum

General Motors is laying off hundreds of salaried employees. These cuts impact its information technology operations. The reductions began on Monday. Around 500 to 600 employees are largely affected. The automaker aims to cut redundancies and reevaluate workforce needs.

Detroit, Michigan

https://www.cnbc.com/2026/05/11/gm-layoffs.html

Around 350 workers lost their jobs at Ticketmaster on Wednesday in a restructuring that swept through engineering, product, and design teams spanning 25 countries — a reduction representing 8% of the company's total global headcount. Contractors were also let go as part of the effort.

https://qz.com/ticketmaster-layoffs-350-jobs-engineering-design-050726