#workforcereduction

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Estée Lauder approves 3,200 job cuts

Cosmetics company has approved layoffs of 3,200 staff based on a previously disclosed restructuring plan and may reduce head count by another 3,800, with expected restructuring charges of up to $1.6 billion.

https://www.marketwatch.com/story/estee-lauder-to-cut-up-to-7-000-jobs-as-china-and-duty-free-sales-stay-weak-82092ee3


Did they put any thought into the layoff selections?

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.


WS/FCS board approves plan to reduce workforce

The Winston-Salem/Forsyth County Schools Board of Education approved a plan to reduce its workforce, impacting 81 positions and 42 people.

https://www.wfmynews2.com/article/news/education/winston-salem-forsyth-county-schools-board-of-education-budget-meeting-preview/83-95f011bf-1117-4183-960e-691295073f40


Sperry Northbelt Layoffs

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.


Will Oracle's big layoff affect SAP?

https://www.thelayoff.com/t/1k2rztnsw

"Oracle blood bath is happening big time starting from yesterday (8/and still going on as of today. Oracle Cloud (OCI), Netsuite, VB, Jet, My SQL and other areas majorly affected.
No official numbers yet but around 10%.
Affected across roles:

H1Bs and US citizens
Employees based in India and in the US
Employees at all levels up to SVP
Low performers and high performers
New joiners and employees with 20 years at Oracle
Engineers and Project Managers"


Heard through the grapevine that large cuts are coming next week. AGAIN

Sr. Director here.

Had my 1x1 with my SVP yesterday and was told that I likely will have to cut 5 people. I was told that this is company wide and most, if not all, departments and teams will be hit with a minimum of 10% for each team. Apparently it comes down to which is "cheaper" - cut ties with a vendor and get rid of a necessary tool, or cut people. In this case, it's sadly people. She couldn't tell me much but it sounds like it's supposed to be fairly big.


Plausible deniability

The use AI to determine if you are valuable….BS!! Management wants no blood on their hands. Cop has been a layoff company for a long time, bad reputation has followed them. But hey, it’s the oil business, that’s the risk you take. History shows that it’s an up and down business. You can either su-k it up and take the risks or you can go make teddy bears for living. If you decide to stay and not take the EOI and you get lucky and they don’t pull your lottery ball and can you, just know this won’t be the last layoff you see. It’s the nature of the business and SOP for CoP! Good luck to all. Signed, retired CoP!


Major reorg underway!!

This reorg under COO organization will be huge - will redefine the way any contract is executed/delivered to clients within Gainwell.

It is a major shift that will lead to many losing out (in fact, several positions will be terminated and WFR’d) but for a few, it will be a win for short term.

Look out for the email/discussions from your manager/dept head over next week or so. Good luck to everyone involved.


Additional Peloton Cuts

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


some info on the last cut, left here for posterity.

the 6,000 job cuts will take years to implement, probably until 2028, reductions happening in phases and by department.

dpt heads are given budget cut targets, this translates into headcount cuts, and then negotiate internally on who to cut and when. notifications can be staggered, and different dpts are on different schedules for cuts...

early rounds will target experienced and highly compensated staff...

the potential later re-hiring at lower levels or on contracts.

some sites may be closed and infrastructure may be reducd.

commercial teams are suspected to be next to be hit, with a WARN notice filed for rahway (that is linked below) affecting 58 people in 11/2025 (as part of the first round).....

contractors are already being let go, nobody is surprised. some are not being renewed, also no surprise...

the reduction goal is ~8%, and attrition will account for some cuts, the weak job market means fewer voluntary dptrs.

comms from mgmt is bad bad...


Monthly WFR's and moving to low-cost countries

HPE is on a monthly WFR schedule now to prepare for the divestiture of the ES (services) division. I am in management and since 2012, my best estimation is that the company has WFR'd (workforce reduction) around 100,000 people either outright or by "moving" jobs to low-cost locations. They have a stated goal of having 80% of their workforce in so called locations and they are quite proud of that. Many departments are being outsourced as well with employees moving to contracting companies on 1-3 year assignments before they can be completely let go. Not a great place to further your career unless you are in Mexico, Costa Rica, India, or Malaysia. It would be a misnomer to label HPE as a U.S. company anymore.