#restructuring

Anyone?

Is it being reset? Or gutted?
Nothing makes sense

Common (and Sometimes Nefarious) Practices with LLC/Entity Changes
Changing an LLC—through formation of a new entity, asset sales, mergers, conversions, or “successor” setups—can create separation from prior liabilities. Legitimate uses include limiting personal exposure (via proper formalities like separate finances and operating agreements). However, abusive tactics include: 
• Forming a “new” LLC or shell entity and transferring assets: The old entity is left with debts/liabilities (sometimes leading to bankruptcy or dissolution), while the new one continues operations with a “clean slate.” This can attempt to evade contracts, judgments, or union obligations. Courts may “pierce the veil” if there’s commingling of assets, undercapitalization, fraud, or treating entities as alter egos. 
• Asset sales vs. stock sales: In asset purchases, the buyer may argue they’re not a “successor” bound by the old entity’s union contracts or liabilities (unlike stock purchases, where the entity identity often continues). Nefarious versions involve structuring deals to minimize continuity while keeping operations, workforce, and customers largely the same. 
• Using shells or related entities: Creating multiple layers (e.g., holding companies) to obscure ownership, fragment operations, or shift liabilities. This is sometimes used in union contexts to claim no bargaining obligation. 
• Rebranding/restructuring to reset terms: Announcing a “new company” to pressure renegotiation of wages, benefits, or seniority.

Great job ! Congratulations to all of you. Exceptional planning and execution! Tony and team, you are showing the retail industry how "The smallest stone can make a ripple in the water". You on on your way to creating a tsunami! Taking the bull by the horns and restructuring with Incredible Insight!

The chatter surrounding Verizon's workforce changes has been a major point of anxiety and discussion across the company, especially following the major structural realignments that began late last year.
Here is what is currently happening on the ground and what is projected for July:
The July 16th Outlook
While Verizon's executive leadership has not issued a formal, public press release detailing a specific number of cuts for mid-summer, internal communications and widespread industry grapevine reports have consistently pointed to July 16, 2026 as the next major milestone date for localized headcount reductions and structural adjustments.
PhoneArena
Rather than a single, massive sweeping announcement, these upcoming cuts are tracking as part of a "rolling" optimization strategy. This next phase is expected to heavily tie into:
The "R2B" (Retail to Business / SMB) Shifts: Wholesale changes to Small and Medium Business sales structures are scheduled to fully take effect in July, leaving internal groups bracing for localized role eliminations or commission structure realignments.
Network & Field Engineering Pressure: Field operations have already taken massive hits over the last two quarters. Staffing discussions on internal forums indicate severe strain on the remaining field engineers, who are carrying an unprecedented number of cell sites per person to keep up with break/fix backlogs.
Reddit
The Broader Multi-Year Blueprint
The July activity isn't happening in a vacuum; it is the continuation of the aggressive cost-reduction mandate set by CEO Dan Schulman when he took the helm in October 2025.
Wireless Estimator
The Mandate: Achieve $5 billion in annual operating expense savings and reduce capital expenditure down to the $16–$16.5 billion range by the end of 2026.
Wireless Estimator
To put the current trajectory into perspective, the operational shifts follow a clear timeline:
Timeline Action / Focus Area Operational Impact
Q4 2025 The Initial Wave Verizon initiated the largest workforce reduction in its history, cutting over 13,000 corporate positions (roughly 13% of total headcount) and taking a $1.8 billion severance charge.
Early 2026 Outsourcing & Contracting Leadership aggressively squeezed third-party expenses, renegotiating cell tower construction vendor contracts well below 2021 pricing and moving heavily toward automated customer service tools.
Mid-2026 Retail Franchising & AI Shifts Ongoing transition of 180 to 200 corporate retail locations into outsourced franchise models, removing store employees from the direct payroll.
July 2026 & Beyond Rolling Departmental Audits Expected targeting of overlapping management layers, marketing, and the newly restructured SMB sales organizations. Total 2026 role impacts are projected to hit closer to 15,000 total roles as automation tools scale up.
The "Age of AI" Pivot
A significant piece of the narrative coming from the top floor is that these cuts are "inevitable" to free up capital for core 5G network innovation and subscriber acquisition to fight off T-Mobile and AT&T. Management has leaned heavily into framing these transitions as preparing for an "AI-first" operating model—even establishing a $20 million skill development fund for departing workers.
The HR Digest

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  However, the internal reality remains incredibly challenging for the staff left behind, who are absorbing massive workloads, navigating altered corporate reporting structures, and managing the friction of a leaner, highly consolidated organization

Invista's Kingston plant is laying off over 100 workers. These job cuts are part of a company-wide restructuring effort. The company has not been profitable, with costs exceeding its value. Layoffs will occur between June 21 and August 2. Invista aims to become leaner and more cost-efficient for a profitable future.

https://www.thewhig.com/news/more-than-100-jobs-cut-at-invistas-kingston-facility

Fulcrum Therapeutics announced a significant business restructure. The company is reducing its workforce by 85%. This leaves the company with nine employees. The decision follows the discontinuation of its lead dr-g candidate, pociredir. The FDA raised safety concerns regarding the sickle cell disease treatment.

https://www.biospace.com/business/fulcrum-tanks-as-cancer-concerns-stymie-sickle-cell-asset-trigger-business-reorg

Monumental Sports & Entertainment is laying off about 30 employees. This reduction represents just under 4% of its total workforce. The company cited redundancy and efficiency as primary reasons for the cuts. These layoffs are part of an organizational restructuring tied to the Capital One Arena transformation. Monumental plans to reallocate resources and invest in other key areas like technology and fan support.

Washington, D.C.

https://www.sportsbusinessjournal.com/Articles/2026/06/05/monumental-sports-entertainment-undergoes-layoffs/

After accepting a job at Optum, be sure to have a solid exit plan within 12 months. This is about how long it will take them to decide to replace you.

Pattern: Hire, layoff, replace, repeat.

Other pattern: Hire, layoff, AI, ??!?

Restructuring is constant. It does not matter if you are a high performer. They hire a consulting firm to evaluate demographics of employees when conducting layoffs to prevent discrimination lawsuits. May the odds be ever in your favor.

Team17 confirmed recent layoffs. These cuts impacted marketing and communications personnel. Two employees lost their jobs. The company completed a business review. This follows a larger restructuring effort from 2023.

https://nichegamer.com/team17-confirms-new-layoffs-following-internal-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

Prudential Financial is laying off 53 employees on July 17. This action is part of ongoing restructuring under CEO Andrew Sullivan. The company has issued several layoff notices since July 2025. The company aims to strengthen its business for long-term growth despite issues in its Japan affiliate. The Japan affiliate's new sales suspension extends through late 2026.

Newark, New Jersey

https://insurancenewsnet.com/innarticle/prudential-announces-more-layoffs-as-insurer-continues-to-restructure

Republic National Distributing Company is closing two North Carolina facilities. This action will result in 53 layoffs across Charlotte and Raleigh. The company is undergoing a large operational restructuring. These facilities are expected to be sold to a third party. Overall, nearly 5,400 employees will be laid off across 11 states.

Charlotte, North Carolina

https://www.charlotteobserver.com/news/business/article315994160.html

Baptist Health–Fort Smith plans to eliminate 70 more jobs. This action is part of an ongoing restructuring effort. The total number of announced job cuts now reaches about 220. These job reductions have been announced since April. The health system is located in Fort Smith.

Fort Smith,

https://www.swtimes.com/story/news/2026/06/03/additional-layoffs-announced-at-baptist-health-fort-smith/90380755007/

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.

GitLab announced a restructuring plan impacting its global operations. The company is cutting 350 jobs, which represents about 14% of its workforce. Shares climbed after stronger-than-expected sales and an improved annual outlook. GitLab's revenue increased 23% to $264.2 million for the recent quarter. The company is promoting its new Duo Agent Platform for AI software tasks.

San Francisco, California

https://ts2.tech/en/gitlab-shares-rise-on-stronger-ai-outlook-350-layoffs-announced/

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