#restructuring

Uber is cutting 23% of jobs in its People and Places division, which covers human resources, recruitment, workplace facilities, and culture, according to Bloomberg.

A company spokesperson confirmed the affected headcount falls well below 1% of Uber's global workforce of 34,000, though the company declined to provide a specific figure. Senior-level positions account for a large share of the roles being eliminated.

https://qz.com/uber-layoffs-hr-people-division-restructuring-060326

Siemens Management Call Today discussed massive layoffs coming through 2027 upwards of 20,000 employees globally. Massive restructuring underway for all business segments through 2028. Divestment of many areas due to AI adaptation and automation.

Hollywood Feed is undergoing a corporate restructuring. This action impacts 20 employees at its headquarters. The company informed staff on June 1. Economic challenges in the pet industry prompted the move. Consumer base impacts also contributed to the decision.

Memphis, Tennessee

https://www.commercialappeal.com/story/money/business/development/2026/06/01/memphis-based-hollywood-feed-to-make-layoffs-in-corporate-office/90360795007/

Harvard's Faculty of Arts and Sciences is restructuring its staff. This plan includes eliminating three high-level administrative dean positions. These roles oversee finance and information technology across divisions. The layoffs are part of an effort to address a $365 million structural deficit. Affected administrators have worked at Harvard for decades.

Cambridge, Massachusetts

https://www.thecrimson.com/article/2026/6/2/ads-laid-off-fas/

Centra announced layoffs affecting approximately 90 employees. This represents about one percent of its total workforce. The changes are part of a company restructuring effort. Some laid-off individuals may apply for other open positions. Centra aims to reduce redundancies and improve efficiency.

Lynchburg, Virginia

https://www.wsls.com/news/local/2026/06/01/centra-to-lay-off-90-employees-as-part-of-company-restructuring/

Centra announced Monday that it would be laying off approximately 90 employees, about one percent of Centra’s total workforce, effective this week as part of the company’s restructuring efforts.

https://www.wsls.com/news/local/2026/06/01/centra-to-lay-off-90-employees-as-part-of-company-restructuring/

Assuming it will be in the June 10th filing.

What are people thinking? I say $1.5B

Standard Chartered plans to cut more than 15% of its corporate function workforce by 2030 as it expands the use of AI and automation across the bank. The restructuring could eliminate more than 7K jobs globally, affecting back-office and support functions. Standard Chartered currently employs around 80K people worldwide and operates extensively across Asia, Africa, and the Middle East.

CEO Bill Winters said the reductions will be driven by automation and wider adoption of artificial intelligence. The bank expects some employees to be reskilled, but the overall direction is clear: fewer human workers will be needed as AI takes over routine operational tasks. The announcement comes as Standard Chartered raises its long-term profitability targets, aiming for returns above 15% by 2028 and 18% by 2030. Investors appear to support the strategy, with shares moving higher following the announcement.

This is another example of a growing trend across large corporations. AI is no longer being positioned solely as a productivity tool. It is increasingly being used to reduce headcount and streamline operations.

For employees in banking, finance, operations, compliance, risk support, HR, and other corporate functions, the question is becoming harder to ignore:

If a global bank can eliminate 7,000 jobs through automation, how many similar roles across the industry could disappear over the next decade?

Thoughts from current or former Standard Chartered employees?

Amdocs prepares major layoffs as new CEO launches sweeping reorganization

Calcalist Tech

May 28, 2026

Amdocs is reportedly preparing to cut approximately 7%-10% of its global workforce, including hundreds of employees in Israel, as part of a broad restructuring led by newly appointed CEO Shimie Hortig.

https://www.calcalistech.com/ctechnews/article/u4qmp07cv

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Amdocs is preparing for a wave of layoffs, hundreds of them in Israel

Ynet News

May 28, 2026

The company is reportedly planning layoffs affecting 7%-10% of its workforce worldwide, with hundreds of positions expected to be eliminated in Israel during a major organizational overhaul.

https://www.ynetnews.com/business/article/rkmsy2hggg

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Amdocs to lay off 3,000 employees

Globes

May 28, 2026

Globes reported that Amdocs intends to reduce its global workforce by about 10%, potentially affecting around 3,000 employees, including hundreds in Israel.

https://en.globes.co.il/en/article-amdocs-to-lay-off-3000-employees-1001544263

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Black Thursday: Israeli tech reels as Wix, Amdocs, Rapyd and SentinelOne cut jobs

Calcalist Tech

May 28, 2026

Amdocs was cited as one of several major Israeli tech companies undertaking substantial workforce reductions, with reports indicating roughly 3,000 job cuts tied to restructuring and AI-related transformation efforts.

https://www.calcalistech.com/ctechnews/article/rko5kglegx

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Amdocs to trim global workforce by 10%?

HRKatha

May 29, 2026

HRKatha reported that Amdocs is preparing a workforce reduction of 7%-10% under its new leadership as part of a restructuring initiative aimed at streamlining operations and supporting future growth.

https://www.hrkatha.com/uncategorized/amdocs-to-trim-global-workforce-by-10/

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Amdocs Layoffs: Software Giant to Cut 7% to 10% of Global Workforce Amid Strategic Restructuring and Leadership Change

LatestLY

May 29, 2026

Amdocs is reportedly planning to eliminate 7%-10% of its 29,000-person workforce as part of a company-wide redesign under new CEO Shimie Hortig.

https://www.latestly.com/technology/amdocs-layoffs-software-giant-to-cut-7-to-10-of-global-workforce-amid-strategic-restructuring-and-leadership-change-7450344.html

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Amdocs Set to Cut 1,500-3,000 Jobs in New Round of Layoffs

TrueUp

May 2026

The layoff tracker reported that Amdocs is expected to eliminate between 1,500 and 3,000 positions globally during its latest restructuring effort.

https://www.trueup.io/co/amdocs/layoffs

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Amdocs Layoffs 2026 - 2500 Jobs Cut

Layoff Hedge

May 29, 2026

The report estimates roughly 2,500 job losses at Amdocs, citing workforce reductions of 7%-10% tied to reorganization and AI-focused changes.

https://layoffhedge.com/company/amdocs

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Amdocs Layoffs Mark Another Major Tech Workforce Reduction in 2026

LatestLY

May 29, 2026

The article highlights Amdocs as one of the larger technology employers announcing significant workforce reductions amid broader industry restructuring.

https://www.latestly.com/technology/amdocs-layoffs-software-giant-to-cut-7-to-10-of-global-workforce-amid-strategic-restructuring-and-leadership-change-7450344.html

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Amdocs Layoffs Discussed Across Industry Workforce Tracking Platforms

Various Workforce Tracking Outlets

May 2026

Multiple layoff monitoring platforms reported that Amdocs' restructuring could impact thousands of employees, making it one of the more significant technology-sector workforce reductions announced in May 2026.

https://www.trueup.io/co/amdocs/layoffs

It is incredibly exhausting to watch the Verizon Corporate playbook unfold this way.
The FCC's approval of Verizon’s $1 billion acquisition of Array Digital Infrastructure’s spectrum licenses highlights a frustrating reality in the telecom industry. Capital investments in assets are prioritized while internal human infrastructure is treated as a disposable expense.
Late 2025 – Early 2026...Under the mandate of "restructuring the expense base," Verizon executed the largest workforce reduction in its history, slashing roughly 15,000 roles (about 15% of its workforce). The cuts heavily targeted non-union management, thinning out deep layers of institutional knowledge and technical leadership.
Then the Frontier acquisition makes the whole scenario even more cynical.
Frontier itself is a patchwork of legacy systems, heavily built out of old Verizon copper and fiber properties (like the FiOS territories Verizon dumped on them a decade ago), alongside various independent local exchange carrier (ILEC) networks. Merging those complex transport layers, legal demand operations, and routing architectures into Verizon’s wireless core is an incredibly complex engineering task.
When a company replaces thousands of veteran technical minds with vendor-managed solutions and automated scripts, they compromise the actual resilience of the backbone. They may own the physical glass in the ground and the spectrum in the air, but they’ve stripped away the very people who possess the diagnostic intuition to keep it running when a major regional routing failure hits.
May 2026...Just months later, the FCC cleared a $1 billion deal for Verizon to absorb spectrum licenses across 618 counties in 19 states.
In the eyes of the executive suite and Wall Street, spending $1 billion on airwaves is viewed as building a "simpler, leaner, and scrappier business." From a purely architectural standpoint, low-band and mid-band spectrum are the lifeblood of network capacity. Executives argue that you can't run a network without the spectrum to back it up, and they are willing to spend billions to keep pace with T-Mobile and AT&T. But the glaring flaw in this philosophy is that spectrum doesn't manage itself.
When a company strips away over 15,000 employees—decades of hands-on expertise, system engineering, and operational continuity—they are betting entirely on automation, vendor solutions, and junior staff to stitch the new infrastructure together. It ignores the reality that the "meat" of a reliable network isn't just the raw megahertz you own; it's the architectural knowledge required to deploy, secure, and maintain it without catastrophic failures.
Squeezing the people who built the system to fund a balance sheet optimization is a short-term strategy that frequently backfires on long-term operational stability. It’s the ultimate corporate paradox - buying up the highway while laying off the engineers who know how to pave it.

Fintech unicorn Rapyd is undergoing a major restructuring. It is laying off employees as part of this process. CEO Arik Shtilman announced a shift to an AI-driven business model. This change aims to make the company faster and more efficient. Dozens, potentially over a hundred, workers are affected by the cuts.

https://www.calcalistech.com/ctechnews/article/h1r00jfrgzl

Fidelity Investments reduced staff at its Covington facility. The company is realigning its technology and delivery teams. This aims to better match skills with high-priority customer work. Roughly one percent of the workforce was impacted by these changes. Fidelity plans to hire many new engineering roles and thousands of other critical positions.

Covington, Kentucky

https://local12.com/news/local/fidelity-investments-layoffs-hit-covington-campus-employment-unemployment-jobs

The Royalton Park Avenue hotel is implementing layoffs. This action follows a period of debt struggles. The hotel had recently achieved some financial stability. Management is now attempting a strategic reboot. The layoffs are part of this new operational plan.

New York City, New York

https://www.crainsnewyork.com/real-estate/commercial/cny-royalton-layoffs-park-avenue-south-20260528/

If Nike was doing things right then 18 months under EH should have come out with next generation of new designs and new strategy as to how to attack and new story line. Cricket~?

Instead from EH all we hear same old recycled corporate restructure narrative, at this time frankly it is getting old.

I was at UA when sh-t was going down and they played the same movie so I have seen it before. Promises and promises until the CEO cannot lie no more and next CEO comes in until he cannot BS no more on and on until the company is done.

@cx+1kr2mtsk2 said it well.

ton let it slip that the company is exploring the idea of squeezing engineering teams down to 4, with the rest of the team being suplimented with ai

if you are in a team of size 5 or more, your head is likely on the block

Blue Cross Blue Shield of North Dakota is laying off 45 employees. The layoffs stem from an integration with Cambia Health Solutions. The company currently employs about 900 people in the state. Some affected employees will transition into new roles. This restructuring aims to better serve community members.

Bismarck, ND

https://www.dakotanewsnetwork.com/2026/05/27/blue-cross-blue-shield-announces-layoffs/

AI adoption continues to drive layoffs across the technology sector. Microsoft, Amazon, and Oracle have publicly linked job cuts to AI. Meta reportedly eliminated 8,000 roles in an AI-focused restructuring. Meanwhile, demand for cybersecurity experts has surged significantly. Organizations are bolstering security teams due to AI vulnerability risks.

https://letsdatascience.com/news/cybersecurity-hiring-surges-amid-ai-driven-tech-layoffs-58b7acb5

The Lakers laid off more than a dozen business operations employees. These layoffs occurred on Wednesday. The affected departments included communications, marketing, and sales. This action is part of an ongoing organizational restructuring. Mark Walter's new majority ownership initiated these business changes.

Los Angeles, California

https://www.latimes.com/sports/lakers/story/2026-05-27/lakers-layoffs-part-of-sweeping-changes-to-business-operations

Justin was given a mission.

UnityPoint Health and Wells Fargo announced new job cuts. UnityPoint Health announced 14 more layoffs in West Des Moines. Wells Fargo will cut 29 workers from its Jordan Creek campus. These reductions are part of ongoing workforce restructuring efforts. Both companies are implementing these layoffs in July.

West Des Moines, Iowa

https://www.desmoinesregister.com/story/money/business/2026/05/21/unitypoint-wells-fargo-layoffs-west-des-moines-jobs/90183200007/

Several high profile VPs, Executive directors etc were laid off last week along with several engineers (count unknown) in the IT org that manages the customer facing tools like xfinity.com, payment and billing, xfinity mobile etc. All affected parties in Philadelphia so far.

Groupon, Inc. announced a restructuring plan to become an AI-native company. The plan includes reducing up to 400 positions globally by the end of the third quarter 2026. Pre-tax restructuring charges are estimated at $7 to $13 million, primarily for severance. Annualized payroll actions are expected to generate $20 to $25 million in cost savings. Groupon raised its full-year 2026 Adjusted EBITDA guidance to $75 to $80 million.

Chicago, Illinois

https://www.stocktitan.net/sec-filings/GRPN/8-k-groupon-inc-reports-material-event-1ecafd00d145.html

Kevin Hart addressed recent reports about his media company, Hartbeat. He dismissed claims of internal turmoil and employee concerns as exaggerated. Hart called the company's restructuring a strategic business move. This action aims to maintain strong financial performance. He confirmed Hartbeat remains creatively active with its leadership intact.

https://thegrio.com/2026/05/26/kevin-hart-addresses-hartbeat-layoffs-restructuring/

you can’t keep bringing in h1b workers and h1/l1 contractors, then turn around and lay off u.s. citizens and permanent residents in the same job profiles like nobody is going to notice.

maybe there is some legal explanation buried in the paperwork. maybe.

but from the outside, it looks pretty simple: replace domestic workers with visa-dependent labor, call it “restructuring,” and hope everyone is too tired or too scared to push back.

someone should be looking at this closely. not with another internal review. with subpoenas.

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?