#workforce-reduction

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#cfpb
Privacy professionals
fromFast Company
1 week ago

90% of the remaining staff at the U.S. consumer financial protection bureau will be laid off

The CFPB plans to cut 90% of its staff, impacting its ability to enforce consumer protection laws.
Privacy professionals
fromEngadget
1 week ago

The Consumer Financial Protection Bureau has cut 90 percent of its employees

CFPB workforce drastically reduced by 90% to about 200 employees.
New priorities shift focus from consumer protection to mortgages; critical areas neglected.
Privacy professionals
fromWIRED
1 week ago

The CFPB Has Been Gutted

CFPB terminates over 1,400 employees amid Trump administration changes, refocusing on consumer harm and leaving only around 200 staff members.
Mass layoffs at CFPB indicate a significant restructuring within the agency, undermining its original consumer protection mission.
Privacy professionals
fromFast Company
1 week ago

90% of the remaining staff at the U.S. consumer financial protection bureau will be laid off

The CFPB plans to cut 90% of its staff, impacting its ability to enforce consumer protection laws.
Privacy professionals
fromEngadget
1 week ago

The Consumer Financial Protection Bureau has cut 90 percent of its employees

CFPB workforce drastically reduced by 90% to about 200 employees.
New priorities shift focus from consumer protection to mortgages; critical areas neglected.
Privacy professionals
fromWIRED
1 week ago

The CFPB Has Been Gutted

CFPB terminates over 1,400 employees amid Trump administration changes, refocusing on consumer harm and leaving only around 200 staff members.
Mass layoffs at CFPB indicate a significant restructuring within the agency, undermining its original consumer protection mission.
more#cfpb
European startups
fromEntrepreneur
1 day ago

UPS Plans to Lay Off 20000 Employees By the End of 2025 | Entrepreneur

UPS plans to cut 20,000 jobs and 73 facilities to save $3.5 billion, amidst a strategic business realignment.
#irs
SF politics
fromAxios
1 month ago

Trump firings hit speed bumps but are not slowing down

Government agencies face uncertainty as workers resign amid layoffs and workforce cuts.
The IRS plans significant workforce reductions, raising concerns about agency functionality.
Non-profit organizations
fromEntrepreneur
1 month ago

IRS Planning Mass Layoffs, Cutting Half of Workforce: Report | Entrepreneur

IRS plans to reduce workforce by up to 50% during tax season, risking delays in processing returns and audits.
Cuts are part of a broader initiative under President Trump's government downsizing efforts.
Retirement
fromNextgov.com
2 months ago

IRS expected to fire 6,700 employees beginning Thursday

The IRS plans to fire 6,700 employees, primarily affecting probationary staff, causing significant concern across the agency.
fromNextgov.com
2 days ago
Retirement

IRS to lay off taxpayer experience, DEI staff

The IRS is laying off employees in the Taxpayer Experience Office amid wider workforce reductions, impacting taxpayer service efforts.
SF politics
fromAxios
1 month ago

Trump firings hit speed bumps but are not slowing down

Government agencies face uncertainty as workers resign amid layoffs and workforce cuts.
The IRS plans significant workforce reductions, raising concerns about agency functionality.
Non-profit organizations
fromEntrepreneur
1 month ago

IRS Planning Mass Layoffs, Cutting Half of Workforce: Report | Entrepreneur

IRS plans to reduce workforce by up to 50% during tax season, risking delays in processing returns and audits.
Cuts are part of a broader initiative under President Trump's government downsizing efforts.
Retirement
fromNextgov.com
2 months ago

IRS expected to fire 6,700 employees beginning Thursday

The IRS plans to fire 6,700 employees, primarily affecting probationary staff, causing significant concern across the agency.
fromNextgov.com
2 days ago
Retirement

IRS to lay off taxpayer experience, DEI staff

The IRS is laying off employees in the Taxpayer Experience Office amid wider workforce reductions, impacting taxpayer service efforts.
more#irs
#intel
Tech industry
fromEntrepreneur
1 week ago

Intel Reportedly Plans to Lay Off 20% of Its Workforce | Entrepreneur

Intel will cut 20% of its workforce to streamline operations and focus on engineering.
The layoffs reflect a restructuring under new CEO Lip-Bu Tan amid declining revenue.
Tech industry
fromTechCrunch
1 week ago

Intel reportedly plans to lay off over 21,000 employees | TechCrunch

Intel plans to cut over 21,000 jobs, about 20% of its workforce, as part of restructuring efforts under new CEO Lip-Bu Tan.
Tech industry
fromFast Company
5 days ago

Intel layoffs: new CEO confirms job cuts. INTC stock sinks after earnings

Intel's leadership confirms significant layoffs as part of a strategy to refocus on engineering and innovation.
fromIT Pro
5 days ago
Tech industry

Intel layoffs confirmed as CEO eyes 'sustainable growth'

Intel is cutting its workforce significantly to improve efficiency and focus on engineering.
Tech industry
fromEntrepreneur
1 week ago

Intel Reportedly Plans to Lay Off 20% of Its Workforce | Entrepreneur

Intel will cut 20% of its workforce to streamline operations and focus on engineering.
The layoffs reflect a restructuring under new CEO Lip-Bu Tan amid declining revenue.
Tech industry
fromTechCrunch
1 week ago

Intel reportedly plans to lay off over 21,000 employees | TechCrunch

Intel plans to cut over 21,000 jobs, about 20% of its workforce, as part of restructuring efforts under new CEO Lip-Bu Tan.
Tech industry
fromFast Company
5 days ago

Intel layoffs: new CEO confirms job cuts. INTC stock sinks after earnings

Intel's leadership confirms significant layoffs as part of a strategy to refocus on engineering and innovation.
fromIT Pro
5 days ago
Tech industry

Intel layoffs confirmed as CEO eyes 'sustainable growth'

Intel is cutting its workforce significantly to improve efficiency and focus on engineering.
more#intel
#cybersecurity
fromApp Developer Magazine
1 month ago
Privacy professionals

Security trade-offs and Xs vulnerabilities | App Developer Magazine

The cyberattack on X highlights vulnerabilities stemming from significant staffing cuts and raises questions about internal security measures.
X's recent DDoS attack response reveals inadequacies in their security posture due to drastic workforce reductions.
fromNextgov.com
2 weeks ago
Privacy professionals

Top homeland security lawmaker calls for cautious cuts to CISA

CISA is facing potential workforce reductions, but leaders emphasize the importance of maintaining critical functions against cybersecurity threats.
fromTechCrunch
2 months ago
Miscellaneous

Sophos lays off 6% of workforce following Secureworks acquisition | TechCrunch

Sophos is laying off 6% of its workforce following its acquisition of Secureworks, citing redundancy and streamlined operations.
fromApp Developer Magazine
1 month ago
Privacy professionals

Security trade-offs and Xs vulnerabilities | App Developer Magazine

The cyberattack on X highlights vulnerabilities stemming from significant staffing cuts and raises questions about internal security measures.
X's recent DDoS attack response reveals inadequacies in their security posture due to drastic workforce reductions.
fromNextgov.com
2 weeks ago
Privacy professionals

Top homeland security lawmaker calls for cautious cuts to CISA

CISA is facing potential workforce reductions, but leaders emphasize the importance of maintaining critical functions against cybersecurity threats.
fromTechCrunch
2 months ago
Miscellaneous

Sophos lays off 6% of workforce following Secureworks acquisition | TechCrunch

Sophos is laying off 6% of its workforce following its acquisition of Secureworks, citing redundancy and streamlined operations.
more#cybersecurity
#trump-administration
US news
fromFast Company
2 months ago

EPA chief Zeldin is planning on gutting the agency by 65%, Trump says

Trump plans to cut 65% of EPA's workforce, raising concerns about the agency's ability to fulfill its mission.
US news
fromTheregister
2 months ago

NASA and the on-again, off-again job cuts

NASA's recent workforce reductions raise serious questions about the agency's stability and future under the current administration.
US news
fromwww.aljazeera.com
1 month ago

US Education Department to halve staff as Trump pushes for elimination

The U.S. Department of Education plans to lay off nearly half its workforce as part of efforts to abolish the agency.
US news
fromwww.nytimes.com
2 months ago

Judge Says Trump Plan to Put U.S.A.I.D. Workers on Leave Can Proceed

Trump administration's plan to reduce U.S.A.I.D. workforce is approved by a federal judge, dismissing challenges from the American Foreign Service Association.
US news
fromtime.com
2 months ago

USAID Workers Will Be Given 15 Minutes to Clear Workspaces as Agency Gets Dismantled

The dismantling of USAID dramatically reduces its workforce as part of Trump's government reduction efforts.
US politics
fromwww.bbc.com
1 month ago

Judge orders Trump administration to give fired workers their jobs back

Judge Alsup ruled that mass firings of probationary employees during the Trump administration were unlawful and circumvented required procedures.
US news
fromFast Company
2 months ago

EPA chief Zeldin is planning on gutting the agency by 65%, Trump says

Trump plans to cut 65% of EPA's workforce, raising concerns about the agency's ability to fulfill its mission.
US news
fromTheregister
2 months ago

NASA and the on-again, off-again job cuts

NASA's recent workforce reductions raise serious questions about the agency's stability and future under the current administration.
US news
fromwww.aljazeera.com
1 month ago

US Education Department to halve staff as Trump pushes for elimination

The U.S. Department of Education plans to lay off nearly half its workforce as part of efforts to abolish the agency.
US news
fromwww.nytimes.com
2 months ago

Judge Says Trump Plan to Put U.S.A.I.D. Workers on Leave Can Proceed

Trump administration's plan to reduce U.S.A.I.D. workforce is approved by a federal judge, dismissing challenges from the American Foreign Service Association.
US news
fromtime.com
2 months ago

USAID Workers Will Be Given 15 Minutes to Clear Workspaces as Agency Gets Dismantled

The dismantling of USAID dramatically reduces its workforce as part of Trump's government reduction efforts.
US politics
fromwww.bbc.com
1 month ago

Judge orders Trump administration to give fired workers their jobs back

Judge Alsup ruled that mass firings of probationary employees during the Trump administration were unlawful and circumvented required procedures.
more#trump-administration
#meta
Marketing tech
fromBusiness Insider
2 months ago

Internal Meta documents show which teams were hit the hardest in 'low performer' cuts

Meta's recent job cuts affected 3,115 employees, primarily from teams under head Tom Alison, with 335 roles eliminated.
Overall, 5% of Meta's workforce experienced layoffs.
fromSFGATE
3 weeks ago
Silicon Valley real estate

Tech giant Meta dumps 3 Bay Area offices

Meta is closing three buildings in Fremont as part of a real estate consolidation strategy.
The move is linked to a significant reduction in workforce and changes in office leasing strategies.
fromsfist.com
2 months ago
Miscellaneous

Meta Bringing the Axe Down With an Estimated 4,000 Layoffs Worldwide Today

Meta has begun its global layoffs, affecting nearly 4,000 employees on February 10, 2025.
fromIrish Independent
2 months ago
Miscellaneous

Meta begins informing Irish staff of up to 100 'performance based terminations'

Meta plans to terminate approximately 5% of its Irish workforce to improve performance management.
CEO Mark Zuckerberg emphasizes faster exit for low-performers as a key strategy.
Marketing tech
fromBusiness Insider
2 months ago

Internal Meta documents show which teams were hit the hardest in 'low performer' cuts

Meta's recent job cuts affected 3,115 employees, primarily from teams under head Tom Alison, with 335 roles eliminated.
Overall, 5% of Meta's workforce experienced layoffs.
fromSFGATE
3 weeks ago
Silicon Valley real estate

Tech giant Meta dumps 3 Bay Area offices

Meta is closing three buildings in Fremont as part of a real estate consolidation strategy.
The move is linked to a significant reduction in workforce and changes in office leasing strategies.
fromsfist.com
2 months ago
Miscellaneous

Meta Bringing the Axe Down With an Estimated 4,000 Layoffs Worldwide Today

Meta has begun its global layoffs, affecting nearly 4,000 employees on February 10, 2025.
fromIrish Independent
2 months ago
Miscellaneous

Meta begins informing Irish staff of up to 100 'performance based terminations'

Meta plans to terminate approximately 5% of its Irish workforce to improve performance management.
CEO Mark Zuckerberg emphasizes faster exit for low-performers as a key strategy.
more#meta
#layoffs
Remote teams
fromBusiness Insider
2 months ago

Southwest Airlines is cutting 15% of its workforce in its first-ever mass layoff. Read the CEO's full memo to employees.

Southwest Airlines is making significant workforce reductions due to profitability issues.
SF politics
fromNextgov.com
1 month ago

VA plans to lay off as many as 83,000 employees this year

VA plans to lay off tens of thousands of employees to increase workforce efficiency and reduce bureaucracy.
Tech industry
fromFast Company
1 month ago

Tech layoffs 2025 update: HP, Grubhub, Autodesk, Ibotta, are the latest to cut jobs and employees

Tech industry job cuts rose sharply in late February with companies like HP, Grubhub, and Autodesk announcing layoffs.
Tech industry
fromTheregister
1 month ago

IBM cuts US jobs in Classic Cloud and other groups

IBM is reportedly laying off thousands, with significant impacts on its Cloud Classic division.
Reports suggest a strategic workforce reduction, potentially affecting around 9,000 employees across multiple locations.
Layoffs appear to be part of ongoing 'Resource Actions' and incentive-driven attrition.
NYC startup
fromFast Company
1 month ago

Wall Street layoffs: Morgan Stanley reportedly set to cut 2,000 finance jobs

Morgan Stanley plans to lay off around 2,000 workers, primarily for cost-control measures, impacting 2.5% of its workforce.
fromTechzine Global
1 month ago
Tech industry

IBM lays off thousands of employees again in new round of layoffs

IBM is planning significant layoffs, particularly in its Classic Cloud IaaS portfolio, potentially affecting thousands of employees.
Legacy product teams within IBM are also facing cuts as part of resource adjustments.
Remote teams
fromBusiness Insider
2 months ago

Southwest Airlines is cutting 15% of its workforce in its first-ever mass layoff. Read the CEO's full memo to employees.

Southwest Airlines is making significant workforce reductions due to profitability issues.
SF politics
fromNextgov.com
1 month ago

VA plans to lay off as many as 83,000 employees this year

VA plans to lay off tens of thousands of employees to increase workforce efficiency and reduce bureaucracy.
Tech industry
fromFast Company
1 month ago

Tech layoffs 2025 update: HP, Grubhub, Autodesk, Ibotta, are the latest to cut jobs and employees

Tech industry job cuts rose sharply in late February with companies like HP, Grubhub, and Autodesk announcing layoffs.
Tech industry
fromTheregister
1 month ago

IBM cuts US jobs in Classic Cloud and other groups

IBM is reportedly laying off thousands, with significant impacts on its Cloud Classic division.
Reports suggest a strategic workforce reduction, potentially affecting around 9,000 employees across multiple locations.
Layoffs appear to be part of ongoing 'Resource Actions' and incentive-driven attrition.
NYC startup
fromFast Company
1 month ago

Wall Street layoffs: Morgan Stanley reportedly set to cut 2,000 finance jobs

Morgan Stanley plans to lay off around 2,000 workers, primarily for cost-control measures, impacting 2.5% of its workforce.
fromTechzine Global
1 month ago
Tech industry

IBM lays off thousands of employees again in new round of layoffs

IBM is planning significant layoffs, particularly in its Classic Cloud IaaS portfolio, potentially affecting thousands of employees.
Legacy product teams within IBM are also facing cuts as part of resource adjustments.
more#layoffs
#hhs
fromWIRED
4 weeks ago
OMG science

Doctor Behind Award-Winning Parkinson's Research Among Scientists Purged From NIH

Top NIH scientists were dismissed amidst controversial workforce reductions led by HHS Secretary Robert Kennedy Jr.
fromCbsnews
1 month ago
Healthcare

CDC, NIH and more health agencies brace for layoffs with DOGE and RFK Jr.'s restructuring. Here's what we know.

HHS officials anticipate significant layoffs under restructuring by Secretary Kennedy and his team, affecting multiple agencies within the department.
fromWIRED
4 weeks ago
OMG science

Doctor Behind Award-Winning Parkinson's Research Among Scientists Purged From NIH

Top NIH scientists were dismissed amidst controversial workforce reductions led by HHS Secretary Robert Kennedy Jr.
fromCbsnews
1 month ago
Healthcare

CDC, NIH and more health agencies brace for layoffs with DOGE and RFK Jr.'s restructuring. Here's what we know.

HHS officials anticipate significant layoffs under restructuring by Secretary Kennedy and his team, affecting multiple agencies within the department.
more#hhs
fromNextgov.com
1 month ago
SF politics

With RIFs imminent, the Small Business Administration reoffers its Deferred Resignation Program

The SBA is offering a second deferred-resignation opportunity to cope with a significant workforce reduction as part of a reorganization.
fromBusiness Insider
1 month ago
Growth hacking

Pete Hegseth signs memo to shrink Defense Department's workforce in a bid to boost efficiency and 'incentivize top performers'

The Defense Department plans to reduce its civilian workforce by 5 to 8%, aiming for greater efficiency and performance.
#restructuring
fromwww.housingwire.com
1 month ago
SF real estate

FHFA cuts staff as Freddie Mac announces end of remote work

FHFA is restructuring and planning to lay off about 10% of its workforce due to office eliminations.
fromwww.housingwire.com
1 month ago
SF real estate

FHFA cuts staff as Freddie Mac announces end of remote work

FHFA is restructuring and planning to lay off about 10% of its workforce due to office eliminations.
more#restructuring
#budget-cuts
US Elections
fromABC7 Los Angeles
1 month ago

USPS agrees to work with DOGE on reform, planning to cut 10K workers

USPS plans significant workforce cuts and budget reductions, seeking efficiency improvements with Elon Musk's assistance.
US Elections
fromABC7 Los Angeles
1 month ago

USPS agrees to work with DOGE on reform, planning to cut 10K workers

USPS plans significant workforce cuts and budget reductions, seeking efficiency improvements with Elon Musk's assistance.
more#budget-cuts
#cost-cutting
Startup companies
from24/7 Wall St.
1 month ago

Meta (META) and Starbucks (SBUX) Show That Cutting Jobs Leads to Bonuses

Meta plans to reduce its workforce by 5% while rewarding top executives with bonuses up to 200% of their salaries.
Starbucks lays off 1,100 employees, indicating significant workforce adjustments amid rising coffee prices.
US news
fromwww.nytimes.com
1 month ago

Postal Service Reaches Deal With Musk's Department of Government Efficiency

The U.S. Postal Service is collaborating with Elon Musk's team to identify efficiencies amidst ongoing financial struggles.
fromwww.nytimes.com
2 months ago
Miscellaneous

Chevron to Lay Off Up to 20% of Staff

Chevron to lay off up to 20% of workforce to cut costs and streamline operations.
fromEntrepreneur
1 month ago
NYC startup

Goldman Sachs to Managers: Move to Dallas, Salt Lake City | Entrepreneur

Goldman Sachs is relocating managers to lower-cost cities to save on expenses and nurture talent in emerging markets.
Startup companies
from24/7 Wall St.
1 month ago

Meta (META) and Starbucks (SBUX) Show That Cutting Jobs Leads to Bonuses

Meta plans to reduce its workforce by 5% while rewarding top executives with bonuses up to 200% of their salaries.
Starbucks lays off 1,100 employees, indicating significant workforce adjustments amid rising coffee prices.
US news
fromwww.nytimes.com
1 month ago

Postal Service Reaches Deal With Musk's Department of Government Efficiency

The U.S. Postal Service is collaborating with Elon Musk's team to identify efficiencies amidst ongoing financial struggles.
fromwww.nytimes.com
2 months ago
Miscellaneous

Chevron to Lay Off Up to 20% of Staff

Chevron to lay off up to 20% of workforce to cut costs and streamline operations.
fromEntrepreneur
1 month ago
NYC startup

Goldman Sachs to Managers: Move to Dallas, Salt Lake City | Entrepreneur

Goldman Sachs is relocating managers to lower-cost cities to save on expenses and nurture talent in emerging markets.
more#cost-cutting
fromComputerworld
1 month ago
Remote teams

DOGE may be using an algorithm to fire federal workers

DOGE operatives are modifying the AutoRIF system, impacting workforce management decisions.
Brooklyn
fromBKReader
1 month ago

U.S. Education Department to Cut About Half Its Staff

The U.S. Department of Education will reduce its workforce by about half to enhance efficiency and accountability.
OMG science
fromAxios
1 month ago

NASA cuts Office of Chief Scientist, diversity roles

NASA is undergoing a phased reduction in force affecting science programs, especially in Earth science related to climate change.
#ai
Artificial intelligence
fromWIRED
1 month ago

DOGE Has Deployed Its GSAi Custom Chatbot for 1,500 Federal Workers

Elon Musk's GSAi chatbot aims to automate tasks within the General Services Administration, amidst ongoing workforce reductions.
fromTheregister
2 months ago
Miscellaneous

Workday erases 8.5% of workforce because of...AI

Workday is laying off 8.5% of its workforce due to AI-driven restructuring efforts.
Artificial intelligence
fromWIRED
1 month ago

DOGE Has Deployed Its GSAi Custom Chatbot for 1,500 Federal Workers

Elon Musk's GSAi chatbot aims to automate tasks within the General Services Administration, amidst ongoing workforce reductions.
fromTheregister
2 months ago
Miscellaneous

Workday erases 8.5% of workforce because of...AI

Workday is laying off 8.5% of its workforce due to AI-driven restructuring efforts.
more#ai
European startups
fromIrish Independent
1 month ago

TikTok plans to cut up to 300 jobs at Dublin base, government told

TikTok is reducing its workforce in Dublin by 10% due to pressures from the US market.
The company is facing ongoing threats of a ban and scrutiny over data practices.
SF politics
fromNextgov.com
1 month ago

GOP lawmaker calls for VA to 'guarantee' only underperformers are targeted in workforce layoffs

Job cuts at the VA may unintentionally affect qualified veterans, prompting calls for reconsideration from lawmakers.
#remote-work
fromEntrepreneur
1 month ago
Startup companies

SEC Offering $50K Buyout Incentive; Education Dept $25K | Entrepreneur

The SEC is offering $50,000 to eligible employees for voluntary resignation or retirement as part of a separation program.
fromBusiness Insider
2 months ago
Business

They voted for Trump. Now some of their jobs are at risk.

Federal workers who supported Trump express mixed feelings about his workforce reduction mandates.
fromEntrepreneur
1 month ago
Startup companies

SEC Offering $50K Buyout Incentive; Education Dept $25K | Entrepreneur

The SEC is offering $50,000 to eligible employees for voluntary resignation or retirement as part of a separation program.
fromBusiness Insider
2 months ago
Business

They voted for Trump. Now some of their jobs are at risk.

Federal workers who supported Trump express mixed feelings about his workforce reduction mandates.
more#remote-work
SF politics
fromNextgov.com
2 months ago

12 senior executives at the Federal Acquisition Service head for the exits

Senior executives at Federal Acquisition Service are leaving amid upcoming layoffs as the General Services Administration plans workforce reductions.
Social justice
fromwww.npr.org
2 months ago

'Significant workforce reductions' are coming to the Social Security Administration

SSA plans significant workforce reductions, raising concerns over service delays for retirement and disability benefits.
Intellectual property law
fromPatently-O
2 months ago

USPTO Facing Additional Cuts: What's Core vs. Expendable

The USPTO's operational stability is threatened by the new efficiency directive, with potential reductions impacting patent processing and examination quality.
#job-cuts
Germany news
fromwww.dw.com
2 months ago

German auto parts giant to slash thousands of jobs DW 02/18/2025

Continental is cutting 3,000 jobs in its automotive division due to downturns in the German auto industry.
fromITPro
2 months ago
Artificial intelligence

Workday slashes nearly 10% of staff amid AI focus

Workday is cutting 8.5% of its workforce to realign focus towards AI and improve business processes.
Germany news
fromwww.dw.com
2 months ago

German auto parts giant to slash thousands of jobs DW 02/18/2025

Continental is cutting 3,000 jobs in its automotive division due to downturns in the German auto industry.
fromITPro
2 months ago
Artificial intelligence

Workday slashes nearly 10% of staff amid AI focus

Workday is cutting 8.5% of its workforce to realign focus towards AI and improve business processes.
more#job-cuts
fromAol
2 months ago
Chicago

Federal plan to reduce government office space could be a blow to Chicago, where selling properties wouldn't be easy

The future of federal office space in Chicago is uncertain due to plans for significant downsizing.
fromCbsnews
2 months ago
Health

Thousands of probationary federal health agency workers fired by letter this weekend. Here's what it said.

Thousands of probationary workers at federal health agencies were terminated due to performance evaluations amid government reduction efforts.
Business
fromThe Mercury News
2 months ago

Chevron plans to lay off 20% of workers in cost-cutting push

Chevron plans to cut its workforce by 15%-20%, affecting up to 9,000 employees, to reduce costs and increase profits.
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