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This one hurt!

So many people cut on this last round and many have been with the company for over 5 years and they are the people who built how we do things today! Rivian sent them all packing! Don't believe all the positive messages you see on LI about those impacted I hear they paid employees extra on their packages if they wrote something positive.


Good Riddance Mikey

Just a counter all the Brown nose posts that are now occurring on LinkedIn saying how beautiful and wonderful Mikey is. He's not. He's run the company into the ground and made the stupid decision to hand over all the executive positions to legacy sprint people who couldn't find their back side with a radar set.


Rosen Law Firm Encourages F5, Inc. Investors to Inquire About Securities Class Action Investigation

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of F5, Inc. (NASDAQ: FFIV) resulting from allegations that F5 may have issued materially misleading business information to the investing public.

What is this about: On October 15, 2025, F5 filed a Current Report on Form 8-K, in which F5 had learned in early August that a “highly sophisticated nation-state threat actor had gained unauthorized access to certain [F5] systems.” In addition, F5 stated that “during the course of its investigation, [F5] determined that the threat actor maintained long-term, persistent access to certain F5 systems, including the BIG-IP product development environment and engineering knowledge management platform,” and that “through this access, certain files were exfiltrated, some of which contained certain portions of the [F5]’s BIG-IP source code and information about undisclosed vulnerabilities that it was working on in BIG-IP.”

On this news, F5’s stock price fell $35.40 per share, or 10.7%, to close at $295.35 per share on October 16, 2025.

https://www.businesswire.com/news/home/20251030870529/en/Rosen-Law-Firm-Encourages-F5-Inc.-Investors-to-Inquire-About-Securities-Class-Action-Investigation-FFIV


APLA and CS

Does anyone have any more information on this?

The last I heard was the following;

APLA will transition to APAC, Latin America will join North America and CS will transition to a new role called VP, Global Geo Ops, which will be all about tying together the geos for consistency with a focus on brand and product. They will report directly to AM.

CHEERS


SMP - another fail for RAO and Kenny

SMP was the new legacy free modern vision for panels.
SMP was started with USA IT peeps.
SMP got rid of the USA peeps and used TCS replacement peeps.
SMP got rid of the TCS peeps and used GCC replacement peeps.
SMP released and failed.
SMP got rid of the USA product peeps and are using GCC replacement peeps.

Nielsen whole business is house of cards. They running out of cheap 3rd world countries.


Verizon Liquidation

The new CEO is basically coming in to cut and slash Verizon into a cheaper bootleg version of its self. No one cares about network quality it’s all the same. Verizon is only going to win if they lower prices not add fees. In order to do that it’s going to require major cuts to its work force. If you are in a nice cushion job getting paid big bucks for doing nothing you will soon be sliced.


2025’s Biggest U.S. Layoffs: 10 Companies Shaking Up the Workforce

https://americanbazaaronline.com/2025/10/31/2025s-biggest-u-s-layoffs-469488/

  1. IBM – Approximately 3,900 roles
    IBM is eliminating positions in legacy IT services to invest more heavily in AI and hybrid cloud initiatives. While many of these cuts occur worldwide, a meaningful portion affects US employees, even if precise numbers aren’t publicly available.

That's not including the contractors they don't have to report since they are not IBM employees


D-mb Hans is Gone

I still remember when Hans was first announced as CEO. I did some research and saw that his tenure at Ericsson ended in turmoil, which immediately raised red flags for me. My instincts told me he might bring similar issues to Verizon—and after eight years, it’s clear that concern wasn’t unfounded. His leadership left the company in disarray, and it’s no surprise he was ultimately let go. It always seemed like his appointment had more to do with his connection to Lowell McAdam than with merit.

Now that he’s gone, I’m genuinely hopeful that Dan will take this opportunity to clean house—especially at the top. There are far too many EVPs, SVPs, VPs, and AVPs who’ve climbed the ladder without delivering real value. It’s time to move on from the talkers and empire-builders—those who lack the domain expertise and technical insight needed to truly drive the business forward.


34 years ago tonight.

Hopefully to lighten the mood for some this evening while they enjoy an IPA or wine (or even scotch, Peter since we know you come back here often).

The record Halloween blizzard hit Minnesota inundating Twin Cities and Duluth both over 2 feet of snow.

Desi's 1st day of work as CEO was Friday Nov 1st. Somehow he showed up but people at 3M Center were given Friday off. Not sure about Cottage grove. I don't even remember how people were told but THAT 3M is a faded image of what is today. Sounds like SOLV is being ruined by Hanson.

Any fun times feel free to share as I head in after Halloween on the porch and get the 1st IPA of the night poured. Cheers!


Tech Layoff Scope

With yesterday's announcement of the T&D reorg there were a lot of people laid off, but it's hard to know the scope since they don't announce anything anymore. What's everyone hearing? I know of four tech VPs that were let go, and it sounds like a bunch of SDs/ADs/Mgrs as well, and I know of at least a handful of individual contributor from one specific area.


HMP Lies

They will tell you in Townhalls that other places "like" the Open Plan, unassigned hoteling.

The truth is that if you actually speak to any of those "other places" (San Ramon, Perth, etc.); none of them have a good thing to say about it.

HMP is a slow motion disaster, designed to get you to quite without severance.


Open letter to SteveB — Questions that NO ONE asks you but need to be answered

SteveB,

You just reported Q3’25 results.

Let’s strip out the “reinvention” slogans and talk GAAP facts.

Because GAAP is the real score: it shows what a company truly earns and spends, with no special adjustments or “creative” add-backs.

Here are the questions employees and investors deserve answers to:

Q3 GAAP gross margin was 22.7%, not the ~29% “adjusted” number repeated on calls.

When will Xerox return to even 25% GAAP gross margin?

If not in 2026, what is the plan?

GAAP operating results remain NEGATIVE before interest expense in pro-forma terms.

How do you claim “positive operating momentum” when GAAP still shows operating LOSSES?

Xerox already took a ~$1B goodwill impairment in Q3’24.

Analysts expect another ~$1B in Q4’25.

After ~$2B in goodwill impairment in two years, how can you claim the strategy has created value?

Quarterly interest expense: ~$70M

Annual interest burden: ~$280M

How does Xerox service this debt load when GAAP operating income is NEGATIVE?

2025 Free Cash Flow (FCF) guidance cut to $150M, while cash generation relies heavily on receivables liquidation (~$400M).

Once receivables are gone, what funds operations?

When does Xerox produce true operating cash, not working-capital pull-forward?

Cash at Q3’25: ~$535M

Expected Q4 hit from impairment, restructuring, interest: > $1B

How many quarters of runway remain before EXTERNAL CAPITAL becomes MANDATORY?

Headline revenue +28% was entirely acquisition-driven.

Pro-forma organic revenue: -8%.

When does Xerox deliver organic growth — without buying it?

Legacy print equipment installs declined 24%; core print post-sale revenue -5%.

At what point do you acknowledge the print decline is STRUCTURAL, not “delayed demand”?

Synergies raised to >$300M, but integration costs are front-loaded and recurring.

What percent of announced synergies have actually hit GAAP results?

Not adjusted — GAAP. Give the number.

Moving SMB accounts to partners, closing direct touchpoints, offshoring operations.

Is this a transformation — or a cost-collapse to survive declining print economics?

Xerox booked a valuation allowance against deferred tax assets.

If the future is so bright, why does your own accounting tell us future taxable profits are uncertain?

1200+ roles eliminated.

Yet no GAAP earnings improvement.

How many more jobs must be cut before the financials turn? Or is cost-cutting the strategy?

Final Question:

When will Xerox return to GAAP profitability and positive GAAP operating cash flow without working-capital burn?

Provide a quarter and a number.

No slogans. No AI buzzwords. No “Reinvention” language.

Just GAAP math, dates, and accountability.

Employees, customers, and investors deserve nothing less.