#restructuring

So, I was told two of my positions i interviewed for are no longer available. Just FYI, any one who was interviewing for a position prior to the restructuring will most likely get an email saying: due to business needs, this position is no longer available

UPS closed the midnight shift at its 43rd Street hub in Manhattan. This action is part of the company's "Network of the Future" restructuring drive. Workers faced job elimination or difficult split-shift arrangements. UPS has eliminated 48,000 jobs since 2024 and plans further cuts. The company aims to reduce labor costs and increase profit margins.

New York City, New York

https://www.wsws.org/en/articles/2026/05/23/mzuy-m23.html

Montreal's video game industry faces recent layoffs. The sector is undergoing a growing wave of restructuring. These changes are part of a wider global correction. Job cuts have impacted the local industry. This trend has been observed over recent months.

Montreal

https://www.ctvnews.ca/montreal/video/2026/05/24/montreal-video-game-sector-hit-by-layoffs-amid-a-wider-global-correction-in-the-industry/

Reportedly, a secret task force has been set up to prepare carveout options to give management more flexibility for asset sales.

Intuit announced a 17% reduction in its full-time workforce. This cut affects approximately 3,100 positions. The restructuring is expected to incur $300 million to $340 million in charges. Intuit also reported strong fiscal third-quarter earnings and raised its full-year guidance.

https://qz.com/intuit-layoffs-workforce-reduction-ai-restructuring-052026

Do you guys not see what happened when Dan Schulman was installed?

Dan was on the board of Verizon for years. That means he saw the profit loss, the bad decisions, the damage to the company image, the lack of innovation, the failed investments, and the growing disconnect between leadership and the people actually keeping the company alive.

He saw the damage being done to customers too, especially long tenured customers who stayed loyal for years only to watch service, support, and consistency deteriorate while prices continued climbing.

None of this happened overnight.

What happened next was a corporate coup.

The old guard and leaders who could advocate for employees, customers, and the necessity of certain roles were removed. Thousands were laid off. Fear was injected into the workforce. Then a new class of leadership was installed, leadership whose loyalty is upward to the executives who promoted them, not downward to the employees carrying the business.

People who spent years chasing titles like Senior Manager, Director, Senior Director, and VP are not going to risk those positions fighting for workers, customers, or the long term health of the company. Their mission is survival within the system.

Meanwhile experienced talent leaves, morale collapses, customers grow frustrated, and the company keeps pretending it does not understand why performance and public perception continue declining.

Never forget what they did and who they did it to.

This was not some random restructuring. It was calculated, coordinated, and executed with precision.

Will anyone tell us please how long this job restructuring will affect this loss of jobs? Its like the company frozen? I am stuck in job reassignment for being burned out by the call center. No one has said anything. Im tired of the lapse of communication between upper management and us. If someone can anonymously say something here about when this job restructuring will end, please do. I cant take waiting anymore. Its like they want us to quitml.

Project management firm ClickUp laid off 22% of its employees. CEO Zeb Evans stated this was a deliberate restructuring, not a cost-saving measure. The company is reorganizing its operations around artificial intelligence. Remaining employees could see annual salary bands up to $1 million. Evans believes other companies will also adopt similar proactive changes.

https://www.ndtvprofit.com/business/clickup-layoffs-startup-cuts-22-workforce-despite-strongest-business-ceo-explains-why-11530884

Billings Montana laid off several nurses, medical assistants and a few providers. They stated they were restructuring and removing some positions.

Cisco announced record revenue figures. The technology company also cut approximately 4,000 jobs on the same day. This decision quickly sparked public backlash. Critics argue the move prioritizes shareholders over workers. The timing raises concerns about AI-driven restructuring.

https://finance.yahoo.com/sectors/technology/articles/cisco-posts-record-revenue-4-214000754.html

Cisco | CSCO

Intuit plans to eliminate approximately 3,000 jobs. This represents about 17% of its total workforce. The company is undergoing a broad restructuring effort. This effort aims to reduce complexity and accelerate AI integration. Two office locations, Reno and Woodland Hills, are also slated to close.

https://finance.yahoo.com/sectors/technology/articles/intuit-layoffs-3-000-jobs-142453143.html

https://qz.com/meta-layoffs-8000-jobs-ai-restructuring-052026

Major shake up coming across Enterprise Partnerships in the near future. Expect to be impacted in one way or another.

The Portland Trail Blazers dismissed at least two dozen business staff members. This action reflects major organizational changes under new owner Tom Dundon. Blazers president Dewayne Hankins confirmed the business restructuring. The cuts reached positions as high as senior vice president. The team seeks public funding for Moda Center renovations amid cost-cutting scrutiny.

Portland, Oregon

https://www.wweek.com/news/business/2026/05/19/blazers-make-a-round-of-layoffs-under-new-owner/

Will see what are the announcements later today but from emails and news, big changes, hopefully for the better, but I expect big cuts as well coming soon..

Good luck to everyone out there!

how long before we see a major shake up in corporate?

• Meta to transfer 7,000 staff to AI initiatives, eliminate managers
• Layoffs and transfers affect about 20% of staff, Meta says
• Employee backlash includes petition against mouse-tracking tech, now over 1,000 signatures

https://www.reuters.com/world/meta-lays-out-plans-may-20-layoffs-restructuring-internal-document-says-2026-05-18/

Starbucks is laying off 300 corporate employees nationwide. This includes staff at regional offices in Chicago, Atlanta, and Dallas. The cuts primarily affect marketing, human resources, and supply chain management. No coffeehouse employees will be impacted by these layoffs. These actions are part of ongoing efforts to cut costs and simplify operations.

Chicago

https://www.msn.com/en-us/money/companies/corporate-starbucks-workers-in-chicago-hit-by-layoffs/ar-AA23vULj?gemSnapshotKey=GMB26B6CAA-snapshot-18&apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1

Nike just kept moving forward for last 40 years at 90 MPH.

the issue with Nike is that they are too big. They are in every aspect of sports business.

Akin to adidas in 70s, Nike is too many things!! License product, performance product, non performance product, accessories, skateboarding, boutique retros, winter sports, team sports on and on.
Perhaps the winning strategy is cut out category that does not help Nike and not doing a good job as we speak or there is no future in it.

adidas was in so many categories including perfumes LOL in the 1970s. And when Mr. adidas passed the whole thing came crumbling down and gave Nike a hole big enough drive train by. Let's learn from mistake, other people's mistake.

streamline your offerings!!!

The Daily Wire recently implemented layoffs. The company's audience has significantly decreased across platforms. Its attempt to establish a "right-wing Hollywood" proved unsuccessful. The Daily Wire settled a $2 million class action lawsuit for data sharing. The media organization relocated its operations to Nashville in 2020.

Nashville, Tennessee

https://www.nashvillescene.com/news/pithinthewind/daily-wire-nashville-crashing/article_ff51493d-2df4-4b23-bd16-050b3b27cdbc.html

Charles River Laboratories recorded a net loss in the first quarter. The company also disclosed plans to lay off 71 employees. A one-time $118 million charge from asset sales led to the net loss. Without this charge, adjusted earnings per share beat expectations. New CEO Birgit Girshick introduced a strategic framework for future operations.

Wilmington, Massachusetts

https://www.masslive.com/news/2026/05/charles-river-laboratories-posts-loss-amid-dozens-of-layoffs-says-turnaround-on-track.html

AP cut 20 U.S. journalist positions on Friday. This is part of a larger restructuring. The organization is changing its operational focus. It is moving away from traditional print journalism. The AP will now emphasize visual journalism and new revenue streams.

https://www.editorandpublisher.com/stories/ap-finishes-us-restructuring-with-round-of-20-layoffs-part-of-strategic-pivot-from-print,261683

Starbucks announced 252 corporate job cuts in Seattle. These layoffs impact vice presidents, directors, and senior managers. The company stated cuts will sharpen focus and lower costs. Separations are expected from July 17 through February 1, 2027. Starbucks is also closing some regional support offices.

Seattle, Washington

https://www.geekwire.com/2026/starbucks-layoffs-impact-252-jobs-at-seattle-support-center-including-vps-and-other-senior-roles/

Healthtech unicorn Innovaccer laid off approximately 340 employees. These job cuts occurred across India and the United States. The company is restructuring operations to become "AI-native." This marks Innovaccer's third layoff round in four years. Affected staff will receive severance and transition support.

San Francisco

https://www.peoplematters.in/news/strategic-hr/indian-founded-unicorn-joins-ai-layoff-wave-with-340-job-cuts-across-india-and-us-49780

Gambling.com Group's stock price plummeted sharply. Its shares fell by 53% in a single day. This decline followed an announced cost-cutting program. The company plans to restructure and lay off 25% of its staff. First-quarter results showed a $1.17 million net loss and a 43% EBITDA decrease.

https://wnhub.io/news/hr/item-50863

Even for iconic brands, the cracks eventually show.

Over the past year, Milady, a company that helped shape beauty education for nearly a century, has undergone a dramatic restructuring that many employees say signals the slow dismantling of the brand they once knew.

First, the Product organization was absorbed into the larger Cengage structure. Then Marketing followed. And immediately after the close of the fiscal year, the next blow landed: the Account Management team was eliminated.

Not restructured. Eliminated.

Employees were reportedly told they could “reapply” for newly created roles, a move that many viewed as deeply disrespectful after years of service and relationship-building. Instead of accepting the uncertainty, many chose to walk away entirely.

And honestly? Good for them.

What’s happening isn’t just corporate streamlining. It’s another example of a legacy company losing the very people, culture, and institutional knowledge that made it successful in the first place. The pursuit of operational efficiency and consolidation has slowly hollowed out once-thriving business units, replacing identity and loyalty with spreadsheets and restructuring plans.

No one is safe anymore!!

What concerns many operations employees right now is not just restructuring itself, but the growing disconnect between executive strategy and the actual realities customers experience every day.

Operations teams are often the people closest to the customer:

• handling escalations,
• solving failures,
• identifying recurring software and support issues,
• and preserving long-term client relationships.

When organizations aggressively outsource or transfer operational functions primarily for short-term cost reduction, they risk losing decades of institutional knowledge that cannot simply be replaced by lower-cost labor models or consulting recommendations.

Customers in the payments space consistently value:

• reliability,
• knowledgeable support,
• fast issue resolution,
• operational consistency,
• and trust.

Those things are built over years by experienced employees who understand both the technology and the customer environment.

Reducing operational cost on paper may improve short-term financial optics, but if it comes at the expense of support quality, customer trust, and employee retention, the long-term business impact can be severe.

Many companies have learned too late that removing experienced operational talent creates downstream problems:

• slower issue resolution,
• weaker customer relationships,
• reduced product feedback quality,
• operational instability,
• and declining customer confidence.

The people working directly with customers every day often have insights that leadership, consultants, and external strategy firms simply do not see.

Restructuring may reduce expenses temporarily. Losing operational expertise is much harder to recover from.

Takeda Pharmaceutical plans to eliminate approximately 4,500 jobs globally. These cuts are part of a major "Transformation Program" by March 2027. The restructuring aims to consolidate departments and automate operations. This effort follows the significant revenue decline of its dr-g VYVANSE. Savings will fund new experimental dr-g launches for future growth.

https://finance.yahoo.com/sectors/healthcare/articles/takeda-laying-off-4-500-204550228.html

Southwest Airlines confirmed layoffs impacting approximately 75 employees. This action is part of an operational restructuring to improve efficiency. Displaced employees will have the opportunity to interview for new and current open roles. These layoffs follow a recent $10 increase in baggage fees. The airline is also dealing with rising operating costs, particularly fuel.

Dallas, Texas

https://www.wfaa.com/article/news/local/dallas-county/southwest-airlines-lays-off-employees-amid-restructuring/287-65ac613a-5e8a-4da3-a9c8-28c893ea3637

The Associated Press laid off 20 U.S.-based journalists on Friday. This action is part of a previously announced restructuring plan. The organization is shifting its focus from print to visual journalism and other revenue sources. These layoffs followed buyout offers made to over 120 journalists last month. Approximately 40 staffers accepted the voluntary buyouts.

New York, New York

https://www.newsday.com/business/news-industry-ap-layoffs-q20022

Novartis is trimming its biomedical research arm. This follows recent staff consolidation moves. A company spokesperson confirmed individual impacts to a select number of employees. This strategic decision is difficult for those affected. Novartis employed 5,720 professionals in this department at the end of 2025.

https://www.fiercebiotech.com/biotech/novartis-cuts-select-number-roles-biomedical-research-arm

Penn Entertainment dismissed 75 employees from its interactive division. These layoffs affected multiple levels of theScore Bet brand. This action follows the company's Q1 financial results. Penn has undergone significant corporate restructuring recently. The company continues efforts to grow its interactive business.

https://next.io/news/people/sources-penn-laying-off-75-employees/

Starbucks announced another round of corporate layoffs. The company will cut 300 U.S. jobs. It also plans to shutter some regional support offices. These actions are part of its ongoing turnaround strategy. The moves will result in $400 million in restructuring charges.

Seattle, Washington

https://www.cnbc.com/2026/05/15/starbucks-to-lay-off-300-us-employees-close-some-regional-offices.html

There’s been a lot of speculation lately around the company’s direction — reduced benefits, PTO changes, restructuring, workforce reductions, and broader efforts to improve financial performance have naturally fueled conversations about potential strategic moves. Acquisition rumors around NetApp aren’t new and seem to resurface every few years, but the current environment has people paying closer attention than usual.

From my perspective, the bigger concern is long-term growth and leadership’s ability to scale the business meaningfully beyond its current trajectory. With another round of layoffs expected next week followed closely by earnings, it’s understandable why employees and investors are reading into the timing and looking for signals about what may come next.

Cisco announced job cuts affecting approximately 4,000 roles. This reduction represents about 5% of its global workforce. The company is restructuring to shift resources towards artificial intelligence. These layoffs occur despite Cisco reporting record revenue and profits. Cisco previously laid off a similar number of workers in February 2024.

https://www.thehrdigest.com/cisco-layoffs-set-to-affect-4000-roles-as-ai-redefines-operations/

It might happen... but people are jumping from accounting math to headcount certainty. They said fewer than 4,000 jobs in Q4. They also said notifications start 5-14 and continue globally based on local laws and regulations. OK, makes sense - it su-ks but it makes sense... That alone explains why some costs roll into FY27.

The remaining restructuring charge does not automatically mean another 4K or 5K people in Aug.... It can include severance paid later, benefits, legal and administrative costs, country-specific consultation periods, delayed effective dates, and other restructuring expenses.

Could there be mre cuts later? Sure. This's Cisco afterall. But that is different from saying Aug is confirmed...

Unless someone has an actual internal list, mgr confirmation, country schedule, or filing that says another wave is planned for Aug, the aug number is still speculation... people should stop treating it like a confirmed fact just because the 1B charge is split across Qs.

Economic opportunity is one of the societal issues of our time, and Linkedin has been and will continue to be the platform that professionals and companies turn to as they navigate the changing world of work. For us to meet this moment, we must ready ourselves to deliver a step change in impact across our products, businesses, and platforms, while continuing to operate more profitably. We need to reinvent how we work, with agile teams focused on our highest priorities, and by shifting investments toward areas such as infrastructure to fulfill our mission and vision over the long term. This requires hard prioritization and tradeoffs.

Today I'm sharing the difficult decision that I, along with our leadership team, have made to reduce roles across GBO, Marketing, Engineering and Product. If you are impacted, or proposed to be impacted in EMEA & APAC, by these changes, you will receive a calendar invite to a notification meeting within the next hour. For impacted teams, you'll learn more about your org-specific information from your leaders shortly, and updates will be added to go/CompanyExchange throughout today.

In addition to role reductions, we are scaling back investments in some areas including marketing campaigns, vendor spend, customer events, and underutilized office space, so we can focus teams on priorities that have the broadest impact with the highest ROl. You will receive details about these changes from respective functional leaders.

I want to acknowledge and thank those who will be leaving Linkedin. You have helped build LinkedIn's culture and platform into what it is today, and I hope you are proud of the lasting impact your work will continue to have on our members, customers, and colleagues.
For those staying, first and foremost, I would like to invite you to support our impacted colleagues. We will move forward together with focus and clear priorities to reach our potential as the platform that the world's professionals and companies increasingly turn to.

Thank you, again, to our teammates who are departing, and to everyone across LinkedIn who continues to show up and support each other.

Dan

BCC: All Global Employees

Cisco Systems announced layoffs affecting fewer than 4,000 employees. This reduction represents less than 5% of its total workforce. The company reported a record quarterly revenue of $15.8 billion. Cisco is reallocating investments towards artificial intelligence priorities. The restructuring program is expected to cost approximately $1 billion.

https://www.peoplematters.in/news/strategic-hr/cisco-announces-5percent-layoffs-while-posting-record-dollar158-billion-revenue-49730

Verizon announced new layoffs affecting several hundred U.S. employees. These cuts follow a larger reduction of 13,000 roles less than six months ago. The company aims to achieve $5 billion in operating expense cuts by 2026. This restructuring is part of a broader strategy for cost savings and efficiency. Verizon also reported strong first-quarter growth and expanded its fiber network.

https://www.zacks.com/stock/news/2921385/verizon-announces-new-layoffs-as-cost-cutting-continues-into-2026

Every time leadership reshuffles the org chart, employees do not feel alignment. They feel a wave of anxiety that another round of layoffs is coming. That feeling does not disappear after the new chart is published. It settles into the background and quietly consumes attention, focus, and energy. People start working two jobs. Their actual job, and the job of managing their own fear. On top of that, we are paying a massive tax on context switching. Teams barely get comfortable with new priorities or new leaders or new workflows before leadership announces another reset. It is impossible to build real momentum when you are constantly starting over, constantly reintroducing yourself, constantly trying to remember what the mission was supposed to be this quarter versus last quarter. I would argue that stability is not just nice to have. It is a genuine competitive advantage. But you cannot demand world class creativity and execution from people who are always bracing for impact. What the company actually needs is not another reorg. What we need is a resilient long term plan, a consistent direction, and a culture where people feel safe enough to do their best work. That is how you win, whether you are playing for now or for later.