#company

Anyone think Steve B leaving has anything to do with survey results? Everyone fill the survey out as scathingly as me?

Looks like Steve B’s leaving was a complete surprise to Louie.

Voluntarily(?). Louie in, and doesn't appear to be as Interim.

Too little, too late?

F’ing coward!

Can't blame him, everyone is jumping ship, why wouldn't he.

1.) Hire exec. team of highly compensated "friends" to virtue signal
2.) Create us vs 'them' environment
3.) Have numerous employee indoctrination meetings
4.) Spin-off non core businesses
5.) Quarterly lay-offs of 'them'
6.) Complain that Bryan isn't Chairmen of the Board

Rinse and repeat.

Who's moving to enterprise? Payroll code changed Sunday for those moving. Good thing bad thing?

A rare but rapidly spreading condition triggered when Michael Dell logs on, drops a “Go American” post, and starts sounding like he just got off a call with Donald Trump.

Symptoms include:

Immediate emotional spiral on internal boards

Writing a 9-paragraph manifesto no one asked for on the layoff site

Saying “this isn’t political” while being extremely political

Refreshing comments like it’s the stock ticker during earnings

Advanced stages:

Convincing yourself every product launch is now a campaign rally

Interpreting supply chain updates as coded political messaging

Believing your PowerEdge server has a voting preference

Diagnosis:
A corporate variant of Trump Derangement Syndrome but with more acronyms, fewer facts, and way worse comment sections.

Treatment:
Log off
Touch grass
Stay off layoff sites until mild sedation sets in

I love my 2.5 hour round trip to the Dallas HQ. It really gives me time to think and plan through my day before I start.

What’s Going Wrong with FIS

Fidelity National Information Services (FIS) is struggling less with outright business deterioration and more with a sustained loss of investor confidence a poor executive leadership. While financial performance remains stable, growth is modest and not compelling enough to drive a re-rating plus the stock price continues to drop. Now at $46 where under the finer CEO it was 4x higher.

The company is in a prolonged strategic transition following major portfolio changes (e.g., Worldpay), continual layoffs, outsourcing and constant reorganizations leaving it stuck between.

The leadership direction and lack of strategy creates uncertainty about its long-term identity and competitive edge.

Leadership under CEO Stephanie Ferris is weak, directionless and manic and has focused on massive cost-cutting, buybacks, and margin improvement, but investors question whether this is substituting for real organic growth and innovation. As a result, FIS risks being viewed as a financial engineering story rather than a growth company.

Additional pressure comes from over reliance on third party Consulting companies, balance sheet constraints, inconsistent guidance credibility, lack of projected leadership confidence, internal instability and strong fintech competition, all of which reinforce skepticism about execution.

I remember when being at Dell felt genuinely prestigious there was energy, momentum, and a strong sense of identity. Lately, it feels different. More like going through the motions than being part of something special.

Pretty big push here over the last several years.

Read about it here: https://www.reddit.com/r/Fiserv/comments/1rysxi8/fiserv_fisv_ceo_at_wells_fargo_paymentsfintech/

No layoffs.

Anyone see this?

https://www.stocktitan.net/sec-filings/XRX/schedule-13g-a-xerox-holdings-corp-amended-passive-investment-disclos-e4b7eca95ede.html

Assuming this is just more bad news piled on….?

Just read this... it's giving "waffle party" energy from severance. They really think going out for coffee is going to make us ok with going in five days per week? Do they think we're stupid?

Managers who encounter resistance to RTO should help their team bond by inviting them "out for a coffee or lunch, or hold a team-building activity," Paramount said in an "RTO People Leader Toolkit" obtained by Business Insider.

Bosses who can't think of a way to unite their team can turn to AI, the document said: "You can also prompt Microsoft Copilot: give me examples of team-building activities."

"Strong relationships build trust, help people feel part of a community, and enhance well-being," the document said.

Centene stock has been performing miserably. London bridges falling down?

Has anyone heard if this lockout is going to have a negative impact for the company? It seems the topic has been quiet. I’m just wondering if anyone has heard any information on why they locked them out or what their plan moving forward is. It seems to be a lot of employees to replace.

Former employee here, I drove past the 8th Street HQ the other day, what a sad sight. The tech bar and demo space on the ground floor (along 8th) have been vacated and it looks like most floors in the north tower are empty, too. I guess Atleos employees are not long for this world -- will they move to Brinks? -- and the stock market seems to have given up on Voyix. I'm guessing Fun Thursdays left with Mike and Owen. (And nobody should give those guys a pass on what happened to NCR -- a lot of this could've been avoided if they'd acted sooner.)

Anyway, that's a lovely carcass of an HQ. I hope it finds a worth tenant soon.

WC/PCAB is on the chopping block
now RYAs

Might as well turn into Circuit City at this point

Check the Q&A if you want proof

Heard IT planned April layoffs are pushed to first week of May?

The articles that just came out about the rumors of Citi seeking to acquire a regional bank speculate about PNC and Truist but it will be USB. The McKinsey mafia will ensure Kedia has a role at the combined organization.

Love seeing this!

YETI now has a track record of annual layoffs around the February timeframe in the hopes of propping up the stock price, along with a revolving door of leadership for those unable to constantly be a "yes" person for a CEO, who has a constant fear of losing control while repeatedly implementing negatively disruptive changes and holding others to account for those decisions.

Any ideas as to why a company would choose to loose four days worth of interest on money paid for wages four days early? I don’t see any sort of holiday either here nor in Buenos Aires… selling? Shutting down?

Yesterday was supposed to be the last day to vote. Does anyone know if it was ratified or not? I don’t need to know your opinion of the contract, just any news on if the results.

An all hands invitation was sent out this morning for April 1
GP and WP leaders on it and I hope that they have some information to share instead of an hour of word salad slop.

Dan’s story time is great for the stock price. I can’t wait to tell us more about AI and the future. Hopefully he gives out lolly pops.

Wondering what the deal is with moving a bunch of us from VPC and TOC downtown to the new Station B office? This is adding at least another 30 minutes to my already lengthy commute! Anyone understand what’s the real reason for this?

Unsure on details though. Layoffs? Decentralized and moved into LOB? Both? Something else entirely? Regardless, supposed to be big changes.

To get an idea for how far behind Intel is in AI, they still employ hundreds of secretaries. These are status symbols. They are so old fashioned on the inside. The leaders don't know how to schedule Outlook or create ai agent.

There are legitimate, known concerns about how the company is being run—especially with investors focused on squeezing profitability. That part is real, and employees feel it every day.

I’ve been at Belk a long time. I’ve seen it at its best—and now I’m seeing it at its worst.

I want the company to survive, but I’m not going to pretend the current decisions aren’t damaging its reputation.

But turning every conversation into “the sky is falling” doesn’t make it more true. It just makes it harder to have a real, useful conversation. You can even see it in the voting—neutral or positive comments get buried, while the most negative ones get pushed to the top.

And let’s be honest—there’s a good chance people on the corporate side, and even investors, read sites like this to get a sense of what’s happening at store level. Some comments probably get attention and spark real conversations. Others get ignored because they read like venting instead of something worth acting on.

At a certain point, it becomes predictable. You can walk into a store and spot that same negativity within minutes—the groups standing around, the constant complaining, the lack of focus. And it wouldn’t be surprising if that same tone carries over into conversations with customers.

At the same time, Belk is putting millions into revamping the Rewards+ program. That alone should tell you this isn’t some “Belk is about to close any day now” situation.

Where it falls apart is everything happening alongside that—cutting hours during peak times, pushing associates to chase perfect NPS scores, things like that. It makes it a lot harder for any of these investments to actually work.

The bigger issue is who’s really in control. When investors are driving everything, the focus turns into short-term results at all costs. And right now, it’s hard to see how that shifts enough to stop it from hurting the business long term.

What are the current betting odds that the April 15th all-company is to explain another mass layoff early in the month circa the mid-July 2024 “bloodbath”? Still no WARN notices I can find, but the timing right after Q1 and corporate jobs disappearing in every other industry does make one wonder.

Been very quiet lately.

I heard yesterday afternoon that among the closures was Ashburn and Cary. Has anyone else heard that ? It's hard to believe

Are any more layoffs on its way?

What if the board had chosen a qualified ceo instead of BDB?

Entering it in Workday. Isn't that grounds for dismissal?

Widespread layoffs are happening due to poor financial performance, weak leadership, and an overhyped push toward AI from the CTO.