#restructuring

Hi everyone,
I'm wondering if anyone has heard about potential cost-cutting measures or layoffs affecting contractors at Charles Schwab? With the current economic climate and many companies restructuring, I'm curious if there are any known plans to reduce contractor workforce or cut contractor-related costs. Has anyone heard anything from their teams or managers about this?

GoDaddy is undergoing significant layoffs that cut across multiple functions — sales, engineering, and leadership. This isn’t just a small adjustment; it’s part of a larger restructuring that reflects the company’s current instability and shifting priorities.

Employees across different levels are being impacted, from quota‑carrying sales reps to technical engineers and even senior leaders. The breadth of these cuts suggests that GoDaddy is not simply trimming excess headcount, but rather redefining its operating model in ways that will reshape the culture and future direction of the company.

For those inside, the environment feels uncertain. Compensation plans have been changing, transparency has been questioned, and now entire teams are being reduced or reorganized. These layoffs are hitting both revenue‑generating roles and product‑building functions, which raises concerns about how GoDaddy plans to sustain growth and innovation moving forward.

Externally, GoDaddy continues to present itself as a global brand with strong market presence, but internally, the reality is different: morale is low, trust is eroding, and employees are left wondering what comes next. The fact that leadership roles are also being eliminated underscores that this is not just about performance management, but about a deeper strategic reset.

If you’re considering opportunities at GoDaddy, be aware of the current climate. The company is in transition, and while it may still offer brand recognition and scale, the risk of instability is high. For current employees, the message is clear: prepare for change, advocate for transparency, and recognize that the company’s priorities are shifting rapidly.

Project Managers rebadging. 90% and 10% stay as GW (for now).
Consolidation under one VP + mass rebadging + downgraded benefits usually means cost restructuring and positioning the company for a transaction (sale/spin/outsourcing). Whether the “sell off” is confirmed or not, the pattern is consistent with that kind of move.

Next Up:
Business Analysts
Developers.

They are once again letting go of tenured employees in good standing without providing any explanation, instead of allowing them to relocate within the organization. This is not in line with the HealthStream culture or vision!

Leadership indicates a need to reset and focus more on areas that matter. Growth has not been happening as fast as desired.

• Meta plans layoffs in Reality Labs, affecting the teams behind VR headsets and Horizon Worlds.
• The restructuring follows major financial losses and a strategic shift toward AI.
• Reality Labs faces uncertainty as Meta leadership emphasizes 2025 as a decisive year for the unit.

https://www.businessinsider.com/meta-layoffs-reality-labs-vr-horizon-worlds-teams-2026-1

In the last year, AI-related layoffs have started to feel routine, showing up nearly every week in corporate announcements. Businesses in multiple sectors are increasingly citing “efficiency improvements” from artificial intelligence as the reason for workforce reductions. While companies frame these moves as innovation-driven, many workers see AI being used as a cover for cost-cutting and restructuring.

https://www.msn.com/en-us/news/opinion/opinion-a-shorter-workweek-can-prevent-ai-driven-mass-unemployment/ar-AA1U0ce2

The restructure is a joke, just stop already. None of you got a new job or increase in pay. Another day another Linkedin Post of I started a new position.

https://www.thestreet.com/automotive/gm-puts-6-billion-price-tag-on-latest-mistake

Can anyone say: More Layoffs/restructuring coming?

Hearing rumors of something big coming 2Q26 - refining specifically, possibly selling refiner(y)ies or a big restructure. Anybody hear anything big?

This Would Make Sense. After Q1 2026 earnings announcement. I think the global corporate role renaming from fall 2025 will Result In OffShoring and/or duplicate role cuts. Very Specific S&T roles were grouped into More General Roles. Campus hires happening in much higher headcounts at ICC than Purchase (“global HQ”). The Labor is Cheaper overseas, and the stock is almost Flat Over the last 5 years.

Putting this up for visibility. Found at @ah+1ken6hm4m.

This week the long awaited Geo restructure will take place;
AMER (North and Latin)
APAC (except GC)
Greater China
EMEA

CS will transition to their new CEO role mid-year (by FY 27' - 1 June)

With Pete Richter expected to retire in 2026, there will be quite a significant shift in the structure under him

https://www.theregister.com/2025/11/12/retail_giant_kingfisher_says_no/

Goldman Sachs begins laying off staff on Jan. 11 in a broad restructuring that targets investment banking and global markets roles and aims to cut $1.3 billion in operating expenses over three years. The moves reflect a strategic push to redeploy capital into priority businesses and technology, but the scale and timing remain unclear and could reshape hiring, compensation and offshore staffing across the industry.

https://www.prismedia.ai/news/goldman-sachs-begins-major-layoffs-in-aifueled-cost-push

Telfair Museums cut about 15% of staff amid funding shortfalls; former employees describe abrupt Zoom firings and question the board-approved restructuring

https://www.wjcl.com/article/i-didnt-get-to-say-goodbye-telfair-museums-lay-off-15-of-staff-friday/69965645

Nearly 600 Texas workers are facing layoffs in early 2026 as part of a new wave of mass job cuts tied to company restructuring and operational changes. FedEx plans to cut 89 courier jobs at its Fort Worth facility, Comerica Bank is eliminating 184 positions in Frisco amid its merger with Fifth Third, and Telvista is shutting down a Dallas call center affecting 110 jobs. Southern Methodist University’s contract change will also impact more than 200 janitorial and support staff. These layoffs reflect ongoing corporate shifts and mergers that are leaving hundreds in North Texas seeking new work as the new year begins

https://www.mysanantonio.com/business/article/mass-layoffs-texas-21277157.php

Offer – Private and Confidential

VIA EMAIL
To:
Personnel number:
Email:
Dear
As announced on September 29, 2025, the Company is restructuring. As part of the process, you were asked to confirm your mobility to other company locations on October 6th.
You confirmed that you are mobile to
You were therefore included in the staffing selection process for roles with the Company in
That process has led to you being selected as a successful candidate for relocation to
As a result, we are pleased to offer you continued employment as:
Role:
Location:
With an effective date currently anticipated to be in
The timing of this transition may change as business needs evolve, and we will keep you informed and provide as much notice as possible. The Company’s staffing and development processes will remain in place and continue through the transition and following the relocation.
Although the Role may begin prior to your relocation, as a condition of accepting this offer you will be required to relocate to the new location at a date determined by the Company. Relocation support will be available to you in accordance with the Company policies as previously communicated to you.
Your salary and classification level (CL) will remain unchanged in the Role.
To accept this offer, please sign and return this letter within five business days from the date of this letter. If these terms do not meet your expectations, you can decline this offer. Should you decline the offer or fail to respond to the offer within five business days, at a later time you may receive further communications such as notification that you are being placed in the redeployment pool or a communication that your employment will be terminated at a later date. Once a decision is made on your termination date you will receive a letter providing you with notice of the termination of your employment as of an effective date as determined by the Company. This letter will include an offer of a severance package which, if accepted, will entitle you to receive a severance payment provided you stay employed in good standing with the Company until your effective date of termination.
Sincerely,

Employee Acknowledgement and Acceptance
By signing below, I, _

1. Accept relocation to the Location and continued employment with the Company on the terms set out above.
2. Understand and acknowledge that the Company will strive to put me in a comparable position but cannot guarantee the exact position.
3. Understand and acknowledge that should I subsequently change my mind and refuse or fail to transition into the Role or relocate to the Location as agreed, such refusal/failure will constitute a voluntary resignation. In such circumstances, I will not be entitled to notice of termination, severance, or termination pay beyond the minimum statutory requirements, if any, that apply under the Alberta Employment Standards Code (or any other governing employment standards legislation).
4. Acknowledge and declare that I have had the opportunity to seek independent legal advice prior to signing this agreement.

Signature: ___
Date: ___

IF YOU WISH TO DECLINE THIS OFFER, PLEASE READ BELOW

If you wish to decline this offer you can select the decline button on the top right side of this Docusign template. If you do not take any action, this offer will expire at 3:00 pm MST five business days from the date of this letter and no longer be open for acceptance.

The news indicates a prevailing sentiment among employees regarding recent layoffs. A significant 69% of workers believe that "AI layoffs" are not genuine reasons for job cuts. Instead, many employees suspect that artificial intelligence is merely being used as an excuse for broader restructuring or cost-cutting measures. No specific company is named as having conducted these particular layoffs.

https://www.cpapracticeadvisor.com/2026/01/08/69-of-employees-think-ai-layoffs-are-just-an-excuse/176037/

The news indicates a prevailing sentiment among employees regarding recent layoffs. A significant 69% of workers believe that "AI layoffs" are not genuine reasons for job cuts. Instead, many employees suspect that artificial intelligence is merely being used as an excuse for broader restructuring or cost-cutting measures. No specific company is named as having conducted these particular layoffs.

https://www.cpapracticeadvisor.com/2026/01/08/69-of-employees-think-ai-layoffs-are-just-an-excuse/176037/

Stankey and board have failed, and at least half of the executive team needs to go with them. We need a complete restructuring, aiming for a lean structure with fewer layers of management from top to bottom. Nothing less will work to fix what's wrong here.

All WFM locations will transition to AMZ fresh location by the end of 2026. Whole Foods will turn into a brand line sold by AMZ. This comes from a credible source.

Nestlé announced a major global restructuring in October that will eliminate 16,000 positions, largely across administrative and office functions.

https://www.aol.com/articles/companies-behind-2025-largest-layoffs-150000788.html

From an article Titled:

"2026 begins with a wave of big-company layoffs"

Large employers are increasingly abandoning the old model of one big layoff in favor of repeated, narrower rounds that keep investors satisfied while leaving employees in a state of chronic uncertainty. I see this shift most clearly in the way Some major firms now talk about "reorienting" or "moving in a new direction," language that masks a strategy of trimming headcount quarter after quarter instead of taking the reputational hit of a single mass cut....

The early 2026 layoff wave is not just a tech story, it is also a tale of heavy industry, energy, and supply chains under pressure. Dec reporting on recent company layoffs shows how Chevron, one of the world's largest energy producers, is slashing up to 20% of its global head count as part of a sweeping restructuring, a move that illustrates how Oil and gas firms are using the current moment to reset their cost base. That same roundup of corporate cuts details how Dec has become a kind of annual reckoning point, with a "Layoffs List" that now includes Chevron alongside telecoms, automakers, and tech giants in a single ledger of recent company layoffs.

https://geoexpro.com/escaping-the-relentless-cycle-of-re-orgs/

Looks like at minimum, 2 Leap technical coaches were let go. As a former Leap Alumni, this is sad to see happen to the program that gave me my one way ticket into tech.

Does anyone know what’s going on with the Leap program? Have Leap alumni performances been improving? How much Leap alumni have been retained after an 5/10 year period? Is Fidelity hiring less Leap associates? Is Fidelity restructuring the learning criteria of Leap?

I, along with other Leap alumni, may have many more questions.

Based on conversations with the Works Council, here are the top three actions that the executive board is personally invested in to mold SAP the way they want.

1. SAP is enhancing the Performance Improvement Plans (PIPs) in Europe. This is tied directly to the new Performance Measurement rolled out in Europe. The underlying premise is to give more power to managers to fire whoever they want to. Just give a bad performance for three times in a row and your reports will be automatically on a PIP and susceptible to getting fired.
2. Leanix and Walkme is undergoing a major restructuring in 2026 Q1. They will be moved under Signavio management and there will be new positions created to accommodate for the larger teams. However, only candidates based in Walldorf or nearby areas will be considered for manager and manager of managers positions even if the team is based elsewhere. They already did this at Signavio and we have managers who get to freely travel a lot because they are based at the HQ while 95% of their reports are in Berlin or other areas. Long-term Leanix and Walkme employees will be gently encouraged to leave just as they did with the Signavio management.
3. No more layoffs in Germany in 2026. The rhetoric for teeth brushing will intensify at the end of Q1 when the stock price goes below 200€ at XETRA but the Works Council already has an agreement for no more layoffs in 2026. The point they conceded on was the average salary hike which will be 2% and stock options which will have a very low budget and will be focused on employees who undergo role changes (e.g. Signavio people leads who were DEI coaches but are now development managers). In 2026, the public health insurance is going up by almost 5–6% but the salaries will not. On the other hand, the executive board bonuses are planned to be more than 20 million for CK and similarly higher for other members.

It is not easy to lay off employees in Europe so the executive board has a simple strategy. Divide and conquer. Put employees against their managers and vice versa. Discriminate against employees in regions besides Walldorf and nearby areas so they are against employees in those regions and vice versa. Make board areas competitive against one another so they will fight for budget.

Employees are so busy fighting against one another and worrying about their jobs and paying the bills that no one will question the share buybacks and why so much money is given to the executive board as bonuses. And life will go on.

Merry Christmas everyone and a Happy New Year too.

restructuring is already happening -i was told those who collect commissions but do little are going to be shown the door-what do you know

Let Private Equity come in and buy out PK. Break up all the Nike assets and sell it.
Nike needs to be divided into 4 or 6 divisions so that they will be more nimble and hungry. And every stock holders will make more money because as is Nike is too bloated, bureaucratic, slow to be effective or meaningful company.
There should be at least
Nike heritage
Nike fashion
Nike sports
Nike apparel
Nike accessories
Nike Team
Nike New Gen for young life style incl skateboarding.
If this little companies compete and be aggressive to one another then it will kick everyone's a-s. In mean time, common stock holders will make a lot more money than seeing this stock stuck 50 to 65 dollars

Otherwise, Nike will have slow death

Sanford, St. Mary’s, Cordele, Tulsa, and several other locations will be closing in 2026 permanently. In the meanwhile, the company is describing the new "market stores" as a new concept that'll help Belk just like the outlet talks of a few years back lol.

For those that don’t know, the Verizon stores in the houston area have had armed security in their stores for the last 10+ years.

Today we were told that beginning 01/01/2026, the following stores (Cinco Ranch, Aliana, Fulshear) will no longer need police officers due to the restructuring.

I do not know if the stores will be converting to third party or shutting down but figured it would be good to give employees a heads up to start getting their personal affairs in order.

Intercept Pharmaceuticals is undergoing a significant restructuring, which includes 146 layoffs across its operations. This move comes shortly after the withdrawal of its liver disease dr-g, Ocaliva, from the market. The layoffs are a direct consequence of the company's strategic re-evaluation and market adjustments. Affected employees will be impacted as the company realigns its operational focus in response to recent challenges. This restructuring aims to streamline Intercept's operations following the major product withdrawal.

https://www.fiercepharma.com/pharma/intercept-heels-ocaliva-withdrawal-restructures-146-layoffs

Intercept plans to cut 146 employees in three tranches starting Dec. 31, the company revealed in a filing to the state. Some of the cuts are set to take effect March 31 and others June 30, according to state records.

https://www.fiercepharma.com/pharma/intercept-heels-ocaliva-withdrawal-restructures-146-layoffs

Xerox’s problem is brutally simple: more cash goes out than comes in. Every quarter.

The business isn’t generating enough cash to cover interest, restructuring, and working capital.

Why? Because Xerox is burning cash from operations. Not investing cash. Burning it.

To plug the gap, they’re selling patents and borrowing money using what’s left of their Intellectual Property as collateral, basically pawning the family silver to pay this month’s bills.

At the current pace, they’ve got maybe 6–9 months of runway if they keep pulling levers like asset sales and emergency loans; without those, it’s closer to 2–3 quarters.

Seeking a $500M IP-backed loan means unsecured financing is effectively closed (credit rating at CCC+ = markets price in a real risk of default).

This does NOT fix the business, it just buys time.

If cash doesn’t turn positive fast (not “less negative,” but actually positive), the only realistic outcomes are:

#1 More asset sales (DocuShare, XMPie, CareAR, etc)
#2 Forced recapitalization (debt converts to equity, shareholders wiped)
#3 Chapter 11 (court-supervised version of #2)

Everything else you hear is just nicer words around that math.

The endgame is no longer theoretical, it’s just a matter of timing.

https://www.investing.com/news/stock-market-news/xerox-seeks-500-million-ipbacked-loan-to-boost-liquidity--wsj-93CH-4408966

Recent layoffs at McKinsey have sparked a broader conversation about the state of the consulting industry. As one of the world’s most influential consulting firms trims its workforce, analysts are questioning whether this move reflects internal restructuring or a sign of slowing demand across the sector. Many are now watching to see if other consulting firms will follow with similar job cuts.

"Constant restructuring and layoffs, forced return to office without enough desks for everyone, management decisions, lack of transparency, HR is completely disorganized, horrible health insurance, complete disregard for DEI."

"After committing financial su----e by acquiring a non-profit for a whopping $800 million dollars, the company managed to destroy it's culture by favoring edX employees over original staff. That's when the company began it's descent into chaos. More bad decisions by the so-called leadership, constant restructuring with mass layoffs. To top it all off, blatant lies by the CEO about their ridiculous bonuses, right before declaring bankruptcy. The company was privatized, only to go through more restructuring. It's only a matter of time until 2U is sold to the highest bidder."

Coralville, Iowa, at Integrated DNA Technologies (IDT)

• Iowa WARN released an update with new state data about the layoffs at IDT
• The state data says 61 people were laid off in Coralville
• Iowa WARN indicates workers were both notified and laid off on December 12, 2025
• The layoffs were initially reported the prior week, and this story reflects the state update
• IDT describes its work as focused on gene research and DNA testing
• IDT previously said 4.7 percent of its Iowa workforce was affected
• The company’s global headquarters is in Coralville
• A spokesperson said the company is restructuring parts of the business and refocusing resources to support long term objectives and future growth
• IDT said affected workers are being given severance and support packages and noted its collaborations with global health and scientific partners

Any news on transfer partners? Is this card coming back on market after the reward restructure?

Has anyone else noticed there are hardly any senior people left on the teams? Now most people have ten years of experience at most. I think the last round of layoffs and restructuring pushed a lot of the veteran employees out. Without them, there's no one left who knows why things are done a certain way.