#workforce-reduction

#workforce-reduction

Target's corporate staff has been asked to work from home next week, and employees will not find out their fate until Tuesday. A Target spokesperson told the Associated Press (AP) that the cuts represent around 8% of Target's global workforce, but the majority of employees affected work at the headquarters in Minneapolis. According to AP, Target's comparable sales dropped 1.9% in its second quarter, and its net income dropped 21%.

According to the Ebusco Q3 2025 operational update, the Dutch manufacturer delivered 39 electric buses between July and September, a result consistent with the previous quarter. This brings total deliveries for the year to 86 units, with the company expecting at least the same number of buses to be delivered in the fourth quarter. The company continues to undergo changes in key management positions, with the search for a permanent CEO ongoing, following the resignation of Christian Schreyer in June 2025.

Citing financial challenges and economic uncertainty, the Lucile Packard Children's Hospital is preparing to reduce its workforce by 87 positions in December, according to a notification that the Palo Alto medical institution filed with the state this week. The hospital at 725 Welch Road submitted on Oct. 10 a notice with the state Department of Economic Development listing the 87 positions that will be eliminated by Dec. 12, 2025. According to an accompanying letter from N. Christopher Comma, vice president for human resources at the hospital, the employees will remain on the payroll with benefits until that time.

Opendoor, which buys and sells homes, is currently making waves as the latest meme stock beloved by retail traders. The stock got another boost on Thursday when the company announced cofounders Rabois and Eric Wu were rejoining the board and that Kaz Nejatian, COO of Shopify, was appointed CEO. At market close on Friday, the stock was up 470% year-to-date.

The Danish pharmaceutical company Novo Nordisk, the maker of GLP-1 for diabetes and obesity, announced it is reducing its workforce globally by 9,000 people by the end of 2026. A company spokesperson declined to provide specific figures for the Boston operations, stating that "this is a global transformation," and Novo Nordisk sites will each be impacted differently. The company has not yet finalized its plans for Boston.

We have now done about a million and a half conversations with our customers (through the agentic layer) and at the same time ... a million and half conversations also happened through our support agents during that same period. The SEASAT scores were about the same, which was stunning and also I was able to rebalance my headcount on my support - I've reduced it from 9,000 heads to about 5,000 because I need less heads.

"It's been eight of the most exciting months of my career," Benioff said. "I was able to rebalance my head count on my support," he said. "I've reduced it from 9,000 heads to about 5,000 because I need less heads."

The filing contains requests for approval sent to the Office of Personnel Management in March and April, signaling the scale of proposed reductions in force.

Recruit Holdings Co., Ltd. will reduce its workforce by approximately 1,300 positions, representing about 6% of the HR Technology segment's total staff in a reorganization effort.

The General Services Administration's agency has been key to Trump 2.0's agenda, managing government procurement, technology, and real estate.

The Trump administration issued reduction-in-force notices to roughly one-third of the workforce in March, but in May a federal judge in Massachusetts issued an injunction after finding the cuts made it "effectively impossible" for Education to carry out its legally required responsibilities.

Despite cutting over 10% of its workforce due to market cooling and legal costs, McKinsey plans to hire thousands of new consultants, aiming for growth.

Desmond stated, "This was a necessary decision as we continue to transition nCino into a high-performing business focused on long-term, sustainable growth."