#company

Or will you go and eat another one of their bullsh-t sandwiches?

https://finance.yahoo.com/news/sam-altman-says-ai-displacing-113050990.html

The ask Mr AI-washing about AI-washing. How much are they paid for this hogwash?

Traditionally, it seems layoff meetings are scheduled on Tuesdays and Thursdays, is there a reason for this?

I wonder how it may have turned out for Crown if Mr Paul Elliott Singer had not reared his head.

TLDR: Offshoring is tanking the company, layoffs are coming monthly, and the whole thing’s about to implode. Brace yourself.

The tribal knowledge that execs are wiping out with all this offshoring is priceless and irreplaceable. I know a lot of US-based teams that have been hit by the recent layoffs, many of them who worked directly with clients. I feel for them, and I feel for the clients too—they have no idea how quickly this company is falling apart from the inside.

According to a solid resource involved with HR, they’re planning to lay off 200-250 people every month. I’m definitely looking for jobs outside of the company because the writing’s on the wall. Soon, there won’t be anyone left in the US except the execs, a few critical infra folks, and CSMs/SRMs to keep the facade that everything’s fine.

This whole company is running on siloed legacy infrastructure, and once the people who actually know how everything works are gone, it’s just a matter of time before catastrophe strikes—something that’ll make the Capital One incident look like a joke. The world’s largest payment processor is on the edge of imploding, and most people have no idea what’s coming. The crypto bros will be celebrating their "black swan" moment.

Any other WellMed departments get affected?

Due to restructuring in Ortho, aka giving all the jobs over seas to Costa Rica, all the TX design team, clinical advisors, DC and FMQC, US based employees, are being laid off effective in March. Hard to say official numbers but it's upwards of 40 people. Many were here since clarity alligners started nearly 10 years ago. Pretty sc-mmy way to save a few bucks the day after they announced 1 Billion dollars for stock buy back.

There are quite a few rumors circulating, so I wanted to check if anyone else has heard anything.

Those of you that went to RTM structure, when did you go mission 1? Were you also the first to that structure when they did it?

Ask co pilot what GK’s target bonus is for this year.

Does anyone have any thoughts going into the Earnings Call? This will be the first time Amit presents in front of the investors.

Executives are coming for our jobs and we have to come together to stop it. We need a white collar union!

When will this be over damn it?

Does anyone have dates for the 2026 show yet? I haven't seem them in the media.

Was anyone told that merit increases were not going to be given to 3's this year? Was told it was company wide. Is that true?

Trump Justice Department should look into this for all businesses

https://finance.yahoo.com/news/t-sued-york-city-pension-183955729.html

"I want to be fully clear and transparent on the great place to work programme"

doesn't mention that Cisco buys their way to the top
Ok

I think it's worth simplifying the story what is actually being investigated by the SEC. Basically, in March 2025 Gotham City Research accused Kyndryl and namely CEO & chairman Martin Schroeter of major issues surrounding cash flow. Firstly, it is important to note that Martin, as chairman, created a pay package for himself based mostly on the metric of free cash. Over 50% of his compensation is based on free cash. Since the report came out almost a year ago, Martin cannot claim ignorance.

So, what is free cash? Free cash is essentially the extra spending money a business has. So, they are free to use it as they please.

Now, the issues are that Kyndryl was sure doing a lot of gymnastics to inflate this number.

One allegation is that Kyndryl sold receivables to the bank and called that "revenue". Receivables are essentially IOUs for one-time payments. Kyndryl sold those to the bank and made it look like these loans are recurring revenue.

The allegations that the SEC are investigating also stem from the Gotham City report. This allegation says Kyndryl aggressively timed vendor payments to increase cash holdings and called that cash "free". This is like showing your spouse how much "spending money" you have in your bank account but failing to tell them you have that money because you missed your house payments. They have admitted to abnormalities in delaying vendor payments between quarters, which means they were punting expenses into away to call the cash to pay those expenses "free cash". That is clearly fraud.

Recently, Kyndryl, upon disclosing this information fired their CFO and general counsel, while claiming these two executives were not transparent with the CEO or the board. However, Kyndryl has decided NOT to let CEO Martin Schroeter lead any remediation plan, which will instead be led by the brand new interim CFO and interim general counsel. This is an obvious break showing they don't think shareholders trust Martin anymore.

Basically, if these allegations prove true, Martin will have to argue in court that he was an oblivious id--t instead of a criminal.

More details in the comments https://www.linkedin.com/posts/activity-7427118095061819392-rD0R?utm_source=share&utm_medium=member_ios&rcm=ACoAAAdeT6sBq6HR8cmvn-Ypy8_0uJhVxf9JjF4

Things I’ve learned in 3 years of reading this board and working at WF

1) The CEOs real name is Schart
2) Every Tuesday after a paycheck is going to be a bloodbath
3) The lady that works in the cafeteria can really annoy someone
4) Sol gets free stuff and announces it every Friday in an Email
5) TK doesn’t know the difference between Netscape and Netflix.
6) Sommerseve and the rest of the WIM execs are moving to Palm Beach and that annoys most people.
7) Mr Flowers smells like #6’s name
8) Some leader on Long Island is a nepo baby hire and is bad at their job
9) SuMo is a person in risk that is not nice but no one knows who the heck they are talking about
10) Everyone who posts on this board knows an Exec who told them something or overheard a conversation from a c suite person had
11) RTO is not fair. It’s just not fair

OKC based oil companies companies are exiting the city and state for Houston Texas. Ovintiv has divested Anadarko holdings. 10 years ago the investment world couldn’t get enough of the SCOOP and STACK. Now the investment community is far less interested in any OK investment. What factors are at play and what will OK oil industry look like in the near future.

Asurion is supposedly trying to expand service offerings and improve culture but internally we are hearing that they are planning to hire Andrew Brady from Verizon. He was let go from Verizon fie being unscrupulous in his sales practices and treating employees like trash. If that's the new direction at Asurion , Guru should be ashamed

No company is perfect.

But as a customer of Progressive for 26 years.

This is what sets them apart.

Excellent customer service overall, and recognition of tenured customers (clients).

Their website is excellent for customers also, my home; and auto policies; are both there.

If, and when; I need to call them; and need to speak to a live person; I am immediately bumped to the front of the line.

They also take care of my policy in regards to overall cost.

Not sure how State Farm does things, but wanted to mention.

Some of the WFH bosses don't even have fingers. I wouldn't sweat it. Just milk them dry. Just a bunch of old washed up hussies on an ego trip. The experience is more complimentary on a resume then a .50 raise.

It's officially happening, they are firing remote claims and disputes people, anybody who's not close to a hub location. Confirmed with emil from EFDC.
What su-ks is that they hired remote people to help during covid, and it's now they're just letting all those good people go.
Oh, but the plus side?! Their rolls are going to be open for hiring at a hub of course. Insert eyeroll.

Company meeting, a year on and JT is still giggling about the "Difficult conversations" around taking away AEGs

Its been a while since we came here but we are back. So ladies and gentlemen, what is the news?

Before the salary range was said, now there some verbiage leading you to nowhere.
https://fordcareers.co/LL6

Base Salary is determined based on candidate skills and experience bla bla bla and bla bla bla competitive market value.

It reminds me the interview joke, trust me, my skills are awesome.

Any news of layoffs within ECS tomorrow?

https://search.app/66Anh

So, 61 employees in Poland. How about other sites?

WOW! Stores are literal ghost towns- There is NOBODY in the stores- empty aisles, unsold freight, zero employees. This company has been swirling the bowl for the last 2 years. People- get out now. The company is tanking.

In the 2 months displacement notice period, it says it is non-working. Does that also mean we can't work for another company?

What’s up with onsemi selling machines , does it mean anything?

Who else was impacted today?

Are we returning monitors and docking stations?

I asked HR answers and they only itemized laptop and concession device. I specifically asked about desk equipment and they did not reply to that part.
Also in the severance agreement it mentions laptops/other computers and devices. Nothing about Monitors/docking station.

What do we all suggest? Anyone from the previous rounds have any input?

Wow!!! It has been 10 years since commitment runs deep day. Oh how the time flies. I would like to wish all the Coterra people a happy welcome to a wonderful company. Many you enjoy your time at the new and improved Devon and may the odds be ever in your favor.