#restructuring

Trump "America First" doctrine will mean the forced sale of Intel fabs outside of US. The fabs in Ireland and Israel are first on the chopping block, followed by the design centers in IDC Haifa and Bangalore. its over. Panther Lake will be the last product of Intel before selling this group to another fabless company.
Congratz LBT, you ki-led Intel. Good luck everyone.

Title: CSL Overhauls Business With Vaccine Spinout, 15 percent Layoffs
Company/Org: CSL
News Source: BioSpace
Location: Various, Global
Summary: CSL plans to spin out its vaccine business and reduce headcount by about 15 percent, targeting 500 to 550 million dollars in annualized savings over three years.
URL:https://www.biospace.com/business/csl-overhauls-business-with-vaccine-spinout-15-layoffs

Every time we had a meeting with our leaders, we're always told 'Man, It feels bad. Totally unprecedented. But we gotta keep our heads up. Support one another. Work leaner this year. Put aside all the angst and bottle it up.. etc'

Expect more layoffs and restructure in September/October 2025, especially for tech orgs. A lot of offloading being moved towards the Manilla and India teams. Our stock has dropped and is hovering in the high 80s, compared to 120 it used to be; but we can probably assume this economy under this administration isn't going to promote people to buy more (process more transactions)

Shell is shutting down Volta, the EV charging and media network it bought in 2023 for $169M. The company will dismantle more than 2,000 charging stations this year and lay off around 190 employees.

Volta’s model combined EV charging with ad screens to generate extra revenue, but it was losing about $140M annually and couldn’t meet sales targets. Shell reportedly tried to sell the business but found no buyer.

The decision marks a shift in Shell’s EV strategy toward high-speed charging at its own branded stations and hubs, rather than maintaining a separate ad-driven network.

https://share.google/fIXukQcWXjiR0vLTR

There doesn’t seem to have been any strategic assessment of ongoing projects or team structures. My team is literally falling apart, and it's only going to get worse. We've lost people who were critical to anything beyond routine backend tasks. What’s the point of such crude cuts? It feels like they’re more likely to create long-term problems than solve anything.

Heard a couple of Sr. Managers gone today.

Ulf’s org is the flavor of the week.

Some very senior managers laid off and are now looking for work as "engineers." Damn, those id--ts don't know the first thing about engineering. They've been milking the system for years. Best of luck finding a job, I suggest applying at McDonald's. Actually, lets not insult MacDonald's.

Envision group being gutted. Losing over 20 people and Foodbuy eliminating about 30. Most were long tenure associates with over 10 years of service with compensation over $120,000

I'm not in ISG and apprently it doesn't stand for "Inside sales group" lol... But it seems like ISG is almost always hit with an iron fist EVERY layoff. Is it just so over saturated and over hired for? It feels like at this point, there shouldn't be an ISG department left anymore...

https://news.yahoo.com/finance/news/quiet-cracking-dangerous-trend-affecting-133300885.html
quiet cracking refers to those who “gradually become mired in feeling both unappreciated by managers and closed off from career advancement while doing work they otherwise like

Economic uncertainty

Workload and job expectations

Poor leadership or uncertain company direction

Layoffs or restructuring

Lack of career advancement opportunities

https://www.yahoo.com/news/articles/quiet-cracking-latest-buzzword-hit-103802456.html

I recently chatted with a friend who specializes in restructurings, and she shared some thoughts on reimagined.

The duration and scale of this consulting project indicate that the target for headcount reduction is more than 15%.

ISPs are probably going to lose access to their laptops within a week. The 60-day period to reapply for other positions is likely nonsense. Once ISPs are informed, they won’t want them snapping photos of sensitive client data and sharing it on the dark web.

They probably had an idea of who they were letting go back in January. Typically, leaders assess their employees based on current skills and their potential for retraining.

Despite all the dishonesty and deceit, my friend believes PP is doing well. Her aim is to boost GP profits, and cutting over 1000 jobs will definitely enhance GP returns.

Happy Hunger Games!

https://www.efinancialcareers.com/news/citi-london-cuts

According to CentraCare, it’s unclear how many people will be affected by the cuts as they work to find positions for them within the healthcare providers’ network. The adjustments primarily affect administrative and support staff, who fill several non-medical roles such as billing specialists, IT workers, and maintenance crews, though some patient care positions will also be eliminated.

https://knsiradio.com/2025/08/12/centracare-restructuring-brings-layoffs/

CS, they will be promoted to VP/GM America's a new geo combining na and LA, GC will be transformed to apac and EMea will remain the same.

Congratulations to them once returned from sabbatical

https://www.aol.com/peloton-beats-expectations-announces-further-212747746.html

Peloton shares rose after the company reported surprise quarterly earnings, driven by higher sales and cost-cutting measures, while announcing it will lay off 6% of its workforce as part of a new restructuring plan. The New York-based fitness company aims to save at least $100 million by fiscal year 2026 through reducing its global team, cutting indirect spending, and relocating certain operations, with about half the savings expected from the layoffs.

This latest reduction follows larger cuts in recent years, including a 15% workforce reduction in 2024 (about 400 positions) and about 1,300 job losses in 2022. While Peloton’s stationary bikes and treadmills saw huge demand during COVID-19 lockdowns, sales have steadily declined since 2021 as gyms reopened and customers returned to pre-pandemic routines. The company now anticipates falling hardware sales and fewer subscriptions to its fitness software products

Amdocs announced the launch of a new GenAI & Data division aimed at integrating artificial intelligence into all aspects of its products, services, and operations, consolidating product, engineering, strategy, and go-to-market teams under one unit led by Senior Vice President Ilan Sade. While the company positions this move as a strategic step to strengthen its leadership in the global IT and telecom market, it is also preparing for another wave of layoffs expected to impact hundreds of employees in Israel and worldwide. This follows recent workforce reductions, including 2,700 layoffs in 2023 and 1,500 in 2024, as Amdocs adapts its organizational structure to align with business opportunities and efficiency goals.

https://www.calcalistech.com/ctechnews/article/bl7qwfsuw

It’s initially good. Because of this change there might be new trust into the company strategy and boost sales/confidence/stocks from external peers.

However medium/long term we will see what the new CEOs strategy is. If they will downsize the company or what. Layoffs won’t stop so don’t get cushiony. However there’s a chance with new external confidence in leadership lowering the frequency or amount of restructuring.

Agree, @a1+1k2cdja1v. No place for too much optimism.

Leaders are overwhelmed and not sharing updates about a “big announcement” coming this month. There is no structure or strategic plans in place. People keep getting moved around. No hiring outside the dept. Development plans are being forced on employees. WTF