All articles tagged with #staff reduction
UPS announced a total of 48,000 job cuts in 2025 as part of a major corporate reorganization, with 14,000 additional layoffs disclosed recently, amidst strong quarterly earnings and strategic property sales aimed at long-term value creation.
NBC News is cutting 7-8% of its staff, approximately 100 to 150 jobs, due to economic challenges and the spin-off of NBCUniversal’s CNBC and MSNBC into a new company, Versant. Some affected employees are encouraged to apply for open roles, and the layoffs are part of broader industry cost-cutting measures. NBC aims to strengthen its position and explore new revenue streams like subscription products and sports.
PBS is cutting 15% of its staff due to nearly $1.1 billion in federal funding cuts for 2026 and 2027, impacting its operations and local stations, and marking a significant challenge for public broadcasting in the US.
2K has confirmed a staff reduction at Firaxis, affecting dozens of employees as part of a restructuring to enhance adaptability, collaboration, and creativity, despite strong financial performance by parent company Take-Two Interactive.
Tulsi Gabbard is advancing plans to significantly reduce staffing at the Office of the Director of National Intelligence, aiming to cut nearly 700 jobs, eliminate certain components, and refocus the agency on core missions, partly driven by partisan and DEI-related priorities, with the goal of saving $700 million annually.
Virtuos, a game development studio known for Oblivion Remastered and supporting major titles like Cyberpunk 2077, is laying off around 300 employees, primarily in China and France, reflecting broader industry challenges despite its diverse portfolio.,
The Trump administration is refusing to disclose details of planned staff reductions across federal agencies despite a court order, citing privilege and legal concerns, while agencies continue to implement or plan RIFs following a Supreme Court decision allowing them to proceed.
The U.S. State Department plans to eliminate or consolidate over 300 offices, reducing its workforce by more than 3,400 employees, mainly affecting domestic staff, to streamline operations and address bureaucratic overgrowth, with implementation expected by July 1.
McKinsey is reducing its staff by 10% over two years as part of a strategy to improve profitability.
The Associated Press has announced plans to reduce its workforce by 8% as part of a strategic restructuring effort. This move reflects ongoing challenges in the media industry, where organizations are adapting to changing market conditions and digital transformation.
Warner Music Group reported its highest quarterly revenue ever, up 17% to $1.75 billion, but CEO Robert Kyncl announced a 10% staff reduction, about 600 people, to free up $200 million in cost savings for reinvestment in the company, with much of the reduction coming from owned media properties and corporate roles. Kyncl emphasized the move is from a position of strength and aims to increase funding behind artists and songwriters, new skill sets, and tech, to align with the evolving music industry.
Business Insider is cutting 8% of its staff as part of a new direction for the company, with CEO Barbara Peng expressing gratitude for the departing employees' contributions. This move comes amid industry-wide struggles, making Business Insider the latest news organization to reduce its workforce in recent weeks.
Pixar Animation Studios plans to reduce its workforce as part of Disney's overall content spending cuts, following a period of increased production under former CEO Bob Chapek. The planned staff cuts are related to a reevaluation of the studio's release model and the push to produce streaming series, with no specific details or timeline determined yet. Disney, which has been implementing extensive cost-cutting measures, declined to comment on the staff reduction.
Volkswagen and worker representatives have agreed on measures for a cost-cutting drive that aims to generate €10 billion ($11 billion) in gains by 2026, with up to €4 billion expected to take effect next year. The measures include speeding up development and production times, reducing staff costs, implementing a more efficient procurement strategy, and offering partial retirement for certain workers. The company may also offer selective termination agreements if necessary. Volkswagen aims to achieve a profit margin of 6.5% by 2026, up from 3.4% in the first nine months of this year.
The Washington Post is implementing significant staff reductions through voluntary buyouts after overspending during a period of rapid expansion and failing to meet revenue projections. The cuts, evenly distributed between the editorial and business sides, aim to address the company's financial situation and allow for necessary investments. Approximately 240 employees are eligible for buyouts out of the roughly 700 who received notices. The Metro staff is expected to be heavily affected, with a quarter of the team being trimmed. The buyout terms are more generous than previous restructuring efforts, with long-term employees receiving two years of salary and a year of health insurance coverage. The Post's growth under Jeff Bezos saw the newsroom staff increase from 580 to over 1,000, but after the buyouts, it will likely return to around 940 employees. The company's digital subscribers and overall digital audience have declined, contributing to an estimated $100 million loss this year. However, interim CEO Patty Stonesifer stated that Bezos remains open to investing more in The Post once a new publisher is hired.