#business

AK = Gerstner 2.0

https://247wallst.com/investing/2026/06/26/blackberry-ibm-and-nokia-are-all-trying-to-come-back-history-says-only-one-survives/

Will this be the final straw for this failing company and their shady business practices if NHTSA finally finishes their investigation this year ? Hopefully no one has forgotten this. The government has sure taken their sweet time and slow walked this.

The U.S. Department of Transportation (DOT) National Highway Traffic Safety Administration (NHTSA) is currently investigating Hertz for renting out recalled vehicles that had yet to be repaired, Reuters reported.

NHTSA ACTION NUMBER: AQ22003

Forward-looking leadership: How this telecom giant puts AI into action

https://www.morningbrew.com/stories/ai-into-action

I cannot believe the direction our company has been going in. It is like the people in charge have lost their minds ! First the horrible change with our forklifts.. now we had to take all of our back end caps down . All this wasted space .. where do they think all the extra stuff they buy is going to go.. especially with the holidays coming soon. They over buy clothing … ugly clothing .. then we have to give it all away to a liquidator.. we have special events with mattresses .. which they over buy and we had to pull those to give to the backroom for the liquidator .. seems like we are in business to make them money instead of us

What positions are considered NOT business critical?

The consultants hired for the F2BOW initiative have set a target headcount reduction of 60-100. This is for business only, tech headcount reductions haven’t been determined yet, but they said there is significant “capacity creation” there as well. No set date, but probably later this year.

Cisco AITECH offers a free, 15-hour crash course and AIBIZ providing only high-level business concepts without a formal exam!

Translation: loss of company $$$ + a way to bypass hiring qualified engineers, allowing non-technical managers to fake technical expertise and undermine the value of a rigorous engineering degree.

ONLY Cisco did this. Top companies knew better.

• 95% of AI pilots fail to deliver measurable profit-and-loss impact is accurate, sourced from the MIT NANDA report.

• Despite $30–40 billion in enterprise investment, only 5% of integrated AI pilots extract measurable value.

• Harvard Business Review says AI is flooding workflows with low-quality output that requires more human intervention to validate, creating a net loss in productivity.

Bottom Line - products, sales fail because they treat AI as a plug-in tool.

There are hiring freezes and management are being very quiet about next FY it’s certainly not business as normal. Rumours of SAP buying DEVOPS/ADM

Same cr-p, different logo! Pretty sure we're having layoffs today! Several have gotten the "Business Update" meeting invite for this morning...

Today, I met a small business owner who uses One Talk. He became very frustrated when he found out that I had previously worked on another Verizon project, even though I explained that I no longer work for Verizon …

He then shared his opinion that companies lose customer trust when they fail to listen to customer feedback, retain ineffective employees, and let go of capable people. He questioned why companies make such decisions and felt that they ultimately damage customer confidence and loyalty.

Does anyone know if Deg is merging with business services, in IBEW they are currently under the central office world. Anyone got any information

Wed mass cuts where made on the consumer side. Alot of level 2, specifically LRIS aka authorized side. About 50% cuts where made so that means the people who were "saved" will now have double the doors and a larger territory to cover. Not sure if that's a balance to have. Also firsnet subs laid off. From my understanding all were let go at least on the west coast.

Level 3 DOS saved, support teams saved for now. But I'm sure more cuts will happen.

This is consumer. Not sure on the business side, ihx, or any org were also cut. Crazy the load more work for the people being "saved" with same pay and not so great raises.

Back to the subject of this site, what is the current landscape of RAs and pips everyone is currently seeing out there? Including business unit and organization would be helpful in response.

The Simplicity plans and no free phone promos. Easier way to transition corporate locations into resellers. The staff will already be trained.

Paychex has decided to layoff approximating 10 designers and over 70 developers. They are refusing to give any reasoning or criteria for why they targeted individuals, citing AI wasn't the reason and that it was for "business needs" and "sustainability". From what I've heard they gave former employees only 9 weeks of severance.

Plastic Products Co. Inc. is closing its West Branch, Iowa facility. This plant specializes in injection molding. The closure stems from a business slowdown. Whirlpool's reduced demand impacted the company. The West Branch operation will cease.

West Branch, Iowa

https://www.plasticsnews.com/processors/injection-molding/pn-plastic-products-closing-west-branch-molding-plant-whirlpool/

Robinhood announced a 10% workforce reduction. This action affected approximately 290 staffers. The company cited business strength for the move. Wall Street analysts subsequently raised price targets for HOOD stock. Robinhood shares soared 8.8% following the news.

https://www.investors.com/news/robinhood-stock-hood-stock-soars-above-key-level/

Belk is the only department store to still be operating like it’s Covid 2020. Stores have not improved since the pandemic in terms of staffing levels and services for customers. We are stuck in Covid business model.

Name one thing Verizon should do to improve its business.

MIP for PH was 70% which is crazy given the BU is a growth driver for Medtronic overall.

Robinhood announced layoffs affecting 10% of its full-time employees. This reduction impacts approximately 290 workers. The company aims to streamline its organization and improve performance. Robinhood expects to incur $28 million in restructuring charges. The company stated this action comes from a position of business strength.

https://qz.com/robinhood-layoffs-workforce-reduction-061626

Thats gotta be a great sign huh? Losing billions, needing to cut prices, and pushing a desperate hail mary IPO.

If we are saving humanity and curing cancer, why are they cutting prices before even figuring out how to make a single penny in profit?

https://www.instagram.com/reel/DUu3O7YkxMO/?utm_source=ig_web_copy_link&igsh=NTc4MTIwNjQ2YQ==

https://www.fitchratings.com/entity/mutual-of-america-life-insurance-company-80091235

Rating Action Commentary

Fitch Revises Mutual of America's Outlook to Stable; Affirms IFS Rating at 'BBB+'
Fri 12 Jun, 2026 - 9:49 AM ET

Fitch Ratings - New York - 12 Jun 2026: Fitch Ratings has affirmed the Insurer Financial Strength (IFS) rating of Mutual of America Life Insurance Company (Mutual of America) at 'BBB+'. The Rating Outlook has been revised to Stable from Negative.

The revision of the Outlook reflects Mutual of America's continued balance sheet strength while executing on its strategic turnaround plan. The company produced a modest operating loss in 2025; however, core profitability improved yoy and Fitch views the plan as credible to further improve results through expense reductions and revenue expansion.

Mutual of America's rating is underpinned by its very strong capital position, demonstrated by its regulatory capital ratio, Prism capital model score and its lack of financial leverage. The rating is also highly influenced by the company's business profile, which reflects Mutual of America's position within the niche non-profit, small case retirement plan market and its differentiated approach to distribution, emphasizing underserved and underpenetrated portions of the market. The rating is currently constrained by Mutual of America's challenged profitability.

Key Rating Drivers
Pressured Profitability: Mutual of America's 'BBB+' IFS rating is one notch below the implied IFS rating of 'A-' due to its financial performance and earnings, which is the weakest link. The company reported net income of $2 million for 2025, compared with a net income of $53 million in 2024 and a net loss of $236 million in 2023. Positively, operating results improved yoy with a modest net loss of $15 million in 2025 compared with an operating loss of $155 million in the prior year, excluding the company's sale of the remaining stake in its home office building in New York City. In 1Q26, the company produced a net operating gain of $3 million. Fitch expects a slight loss for the full year 2026, followed by modest profitability in 2027. Profitability will be driven largely by continued reductions in expenses including vendor efficiency, contract rationalization, reduced real estate footprint and workforce optimization.

How many of you think that SpaceX will eat telecom business?
Hard days ahead

What is this collaboration with the clothing brand, Municipal? I'm failing to understand the strategy behind this.

Hearing some people got 15 minute HR Business updates today? Anyone hearing that?

I'd remove it from here

lost a lot of small businesses, too focused on hardware/POS machine.
When bring a CEO with engineering background, he is just talk everything about devices, no one care about service, lost a lot of small businesses.
then new CEO with accountant background, everyone known --- layoff is coming.

The big boss "san francisco" is bleeding... that's the way is.

If you work on a control team, your days are numbered. Work that can’t be automated by AI is being shifted to business accountability people. Huge effort to get rid of most controls. Nothing left for anyone to do.

Optimum's outlook 'more aspirational than realistic' – analyst
Optimum's new multi-year outlook sees its broadband business stabilizing at 3.8 million subs by the end of 2028. That's a 'tall order,' says New Street Research, which expects broadband losses to continue.

Picture of Jeff Baumgartner
Jeff Baumgartner,Senior Editor,Light Reading
June 10, 2026

The bank needs to rapidly increase Ai investment to stay relevant.

AC and his direct leadership team represent a significant leadership investment, yet employees continue to ask a simple question: What measurable value has been delivered from the cloud migration program?

The organization has become increasingly management-heavy, with governance and project management often taking precedence over technical leadership and engineering execution. Many engineers feel that recognition and rewards are concentrated within leadership, while delivery teams carry the majority of the execution burden.

Before investing further in new transformation initiatives, Gunjan should push Dilip to review and reorganize this organization, assess its effectiveness, and ensure leadership costs, accountability, and business outcomes are properly aligned.

If Verizon converts a majority of its stores to indirect, the company will end up relying even more heavily on corporate business account managers to drive revenue. The problem is they are simultaneously putting increasing pressure on the very people carrying those revenue streams.

From the outside looking in, it feels like Verizon is stretching and stressing the core pieces of the business instead of strengthening them. That is not a sustainable long term strategy, and it is hard to see it ending well for the company if things continue in this direction.

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.

Reporter Jessica Holdman discussed South Carolina business news. A new magnet factory is planned for the Upstate region. However, some layoffs are also expected in the Upstate this summer. New tax breaks will benefit companies converting landfill methane to energy. Additionally, new taxes will be imposed on vape products.

Columbia, South Carolina

https://www.southcarolinapublicradio.org/show/south-carolina-business-review/2026-06-08/new-jobs-new-tax-laws-and-layoffs-happening-in-sc?_amp=true

Genuine question.

From collaboration, security, networking, HyperShield, AI Canvas, Cisco Cloud Control, and everything in between, how does this keep working?

Every launch seems to come with a qualifier: “early availability,” “controlled launch,” “limited release,” “regional availability,” “coming soon,” or “customer preview.” Then next quarter the story changes and we’re on to the next announcement.

This has been going on since the G2 days, yet the market keeps rewarding it.

Internally, most of us know the gap between the keynote, the demo, and the actual customer-ready product. Many demos are heavily curated. Many announcements are years ahead of broad deployment. Some things eventually materialize, some never do.

What I’m trying to understand is: does nobody see through it?

Do customers not care? Do analysts not care? Does Wall Street not care?

Because if you look at the earnings, nearly every business was flat or down. The one area showing meaningful growth was traditional networking, largely riding the AI infrastructure wave.

So is the lesson that storytelling matters more than shipping? That perception creates enough momentum to buy time until reality catches up?

Or is this simply how every large technology company operates and I’ve been naive enough to think customers differentiate between what exists today and what might exist someday?

Here is a polished, punchy version of your post that keeps the aggressive, anti-AI edge and focuses entirely on the economic strategy to break the system:

If you genuinely hate AI, now is the time to band together and ensure it never becomes permanently embedded in your work life.
The strategy is simple: Use Copilot for anything and everything, no matter how small.

Why? Because right now, the costs are heavily subsidized. GitHub has already started shifting toward metered billing, meaning every single prompt costs tons of tokens. By this time next year, full-blown model access will be completely unsustainable for corporate budgets because of how expensive it actually is to run.

We are already starting to see Copilot throw "too busy to respond" errors. Keep pushing it. Keep up the volume. The current pricing model is a house of cards, and if we maximize consumption, the technology becomes completely unfeasible to maintain at the rate we're paying.

PS: this post was generated using Kroger copilot. Fire me

Investors bid the stock up on short‑term good news (earnings, investor stake, dividend), but the Q1 beat could be misleading because it’s pro‑forma and boosted by Lexmark purchase‑accounting adjustments rather than pure organic profit or cash‑flow improvement.

I missed out on the business update… anything notable?

PEP stock is sitting right in the middle of 2021's range - well below 2021's year-end close of ~$159 - Can doomed PepsiCo turn things around? How much Ramon has left in the role? Is this a real business value of our Strategy & Transformation over the last 5 years?