#reduction

Posts mentioning hashtag #reduction

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Christian Brothers University plans layoffs following restoration of accreditation

CBU said at the end of the spring semester, the university will work towards a 12:1 student-faculty ratio by reducing around 16 full-time faculty positions.

https://www.fox13memphis.com/news/christian-brothers-university-plans-layoffs-following-restoration-of-accreditation/article_898ed2cf-5bf0-4a92-a855-8c94159f7c17.html


DePaul lays off 114 staff members to help reduce budget shortfall

The reduction accounts for 7.6% of full-time and part-time staff, according to a message from President Rob Manuel. The university is aiming to reduce $27.4 million in spending following a dramatic drop in international enrollment.

https://www.chicagotribune.com/2025/12/15/depaul-university-layoffs/


VRP ?

Have any VRP been offered yet ? The last offers were last November almost exactly 1 year ago. In a few weeks they will be on the hook for lots of new 9 % ACH contributions they will have to make every paycheck after the pension plans stop accruing. It would be nice if they could try to use the VRP to reduce the number of people they need to force out of a job and reduce the burden on themselves too.


UBS may cut further 10,000 jobs by 2027

UBS has been cutting jobs as a result of the integration of former rival Credit Suisse, which it bought in 2023.

A reduction of 10,000 jobs would equate to a 9% cut in total jobs for the Swiss bank, which had around 110,000 employees at the end of 2024.

https://www.reuters.com/business/world-at-work/ubs-may-cut-further-10000-jobs-by-2027-sonntagsblick-reports-2025-12-07/


Numbers defined

So latest communication is a reduction in people in all areas of 20% in Q1.
It’s going so well.
Will be interesting to see if that number is applied evenly across both XRX and LKX or if the plan is to just be left with LKX monkeys (who know nothing about digital services and our collective growth engines).
Meanwhile the SLT continue to spend money like water on themselves, pet projects, relocation/moving costs. Java.


Cutting New Orleans city employees

Furloughs, layoffs likely for New Orleans city employees in 2026

Axios

Mon, 01 Dec 2025 12:21:59 GMT

Furloughs and layoffs are anticipated for city employees in New Orleans. These job reductions are projected to take place in the year 2026. The municipal government of New Orleans is the entity affected by these potential staffing changes. This news indicates a likely financial or structural adjustment within the city's workforce. The headline specifies the timeline for these impending employment shifts for the city's staff.
https://www.wdsu.com/article/new-orleans-job-cuts-furloughs-2026/69544120


PK + EH and next Decision

JD absolutely burned Nike, pure failure no question. His strategy was cost reduction and DTC, no real tech chops as PK hoped, fitting of a consultant. Company value cut in half 2020-2024 during his time!

How does PK wipe the egg off his face after hand selecting JD, demoralizing employees, and scaring off shareholders? Go back to the safety of Nike DNA roots picking EH a former Dallas Cowboy trainer for his friend JJ.

Cronie nepotism at its best. EH is WAY over his head, he’s a salesman not a CEO. Nike has a very uncertain future ahead, it’s worrisome.

What’s next people? More excuses ahead of earnings coming certainly…


Non-Compete and Severance Clauses

For those that are impacted by the reduction in force, please check or have someone go over the severance agreement to see if there's a timeframe set for a non-compete clause. This would include verbiage regarding a timeframe of which you may be illegible for employment by a similar company offering a similar or slightly different role. While some states do have limitations on this, please exercise due diligence.

Example: You may be barred from working in a telecom or similar company for a period of six months before they would consider hiring you. You would go through the whole interview process, but then get hung up during the final selection due to this.


How They Decide Who Goes

•••
First they look everyone who has active corrective actions such as PIPs, verbal, written, and final warnings and attendance issues.

Then they look at who on the team is rated as high potential, emerging talent, high professional, valued contributor, and low potential. Half you probably don’t know about these rating bc your supervisor is NOT obligated to inform you of this rating but you are given this rating each year.

Then they look at 2024 EOY rating such as developing, achieving, leading (the ratings your supervisor is required to disclose during your EOYs and mid years) as well as what you have been rated thus far for 2025.

Then they will go off historical performance and what your direct supervisor or AD has to say about you and their personal input.

They will not use any of this data at all if your position or location has been RIFd entirely. And therefore you are susceptible to still being let go if you are and have been a high performer.


Drama movie

You all will be very disappointed very soon when you find out you are expecting a Drama Movie and the movie ends being a comedy....live on. There will be big changes and the normal EOY sheet cleaning but nothing extraordinary like you all falsely claim here....believe me not?....wait and come back here in two weeks


purge to Compliance forthcoming?

Is there a major round of layoffs about to hit the compliance department? Dan Veale, the global head of surveillance was reassigned to a far less prestigious area of ICRM. Jennifer Taylor, the Chief Compliance Officer of a major unit, has not been seen in the office for weeks. She also no longer has anyone reporting to her as per the global directory, of where till recently had. The Jersey City location is filled primarily with compliance officers, of where Citigroup recently fired a WARN Act with the state of New Jersey, that the bank intends to layoff 70 staff in that location the first week of December. In summary, the combination of an official WARN notice for a location housing compliance staff and the apparent elimination or reassignment of two senior compliance executives makes it highly probable that a major reduction in force is targeting the compliance department. Anyone else observing possible pre positioning ahead of a major change?