#company

All Zones Boarding :)

A new Mercer study reveals 99% of surveyed CEOs anticipate AI-related job reductions. These cuts are expected within the next two years. Entry-level workers face the highest risk of displacement. Some companies like Meta and Amazon have already cited AI for recent layoffs. However, consumer AI usage remains low, and some firms find AI implementation costly.

https://finance.yahoo.com/sectors/technology/articles/99-ceos-planning-ai-layoffs-173000476.html

What are waiting for and why are you so passive? Shareholders have been wiped out and you seem like all is fine. Not it is not! There is one scoreboard for a public company and you are losing. You will be out of a job at some point unless you take decisive action. This company need to be broken up into to pieces (Merchant and FI). Your team is not capable of dealing with the size and complexity as it is comprised today.

massive layoffs this Thursday.

Has this been confirmed?

Lot of high profile exits

Looks like it is all hiring now with no WFR planned - I might be wrong or missing pockets of layoffs happening silently.

The head of tragedy. The sultan of swirl. The iron lung. Fired.

Give them a few more months and the rate will be back to 7% like it was 14 years ago. Of course, the stock price will be 50% lower than it was 14 years ago, but Stank will spin the win and the board will do nothing.

What the actual f-k is going on with the stock price in this company? This absolute failure of a management team has driven the market cap down to $38B. That is absolutely insane at how poorly it’s performing. Is management really this d-mb? At this point it seems like they just want it to go lower and lower. I couldn’t imagine working for this company and just watching the value constantly decrease. Your work is just meaningless at this point.

Anything yet?

https://hrexecutive.com/why-uber-is-cutting-nearly-1-4-of-its-hr-team/

• AT&T: $29.58 → $22.75 (-23%)
• T-Mobile: $102.53 → $180.40 (+76%)
• S&P 500: 3,115.86 → 7,465 (+140%)

Nearly six years later, AT&T’s answer to every problem seems to be more RTO, more presence tracking, and more control.

Meanwhile, T-Mobile continues to outperform, remains remote or hybrid for corporate employee managers, and has become a destination for talent that no longer wants to deal with AT&T’s five-day office mandates.

T Leadership keeps talking about where employees sit while competitors are focused on winning customers, growing the business, and attracting talent.

The stock charts tell the story better than any town hall BS story or August 2025 manifesto email ever could.

USAA just return 1 billion to its policyholders in Florida. Does State Farm have the ba--s to do the same in more states?

or does it seem that this year's layoff numbers are so far lower than the past few years?

Layoffs are inevitable- but does anyone know for sure if financial crimes will be affected this month for layoffs?

https://www.theinformation.com/articles/google-nvidia-consider-intel-backup-chip-manufacturer

Hearing strong chatter about WB buying naps in west haven.

This seems like a company with the right priorities, soooo close to the 2Bn mark.

https://violationtracker.goodjobsfirst.org/parent/centene

People will make sacrifices for a company with upside momentum. A company growing fast. A company where employees share in the upside growth.

That’s usually how the deal works, you give more, and you get more.

Maybe it’s equity. Maybe it’s stock appreciation. Maybe it’s career opportunities. Maybe it’s the feeling you’re building something special, but let’s be honest… Nobody believes AT&T is becoming the next Nvidia or SpaceX.

The stock has spent years going sideways while leadership lectures everyone about being “market-based.”… In an actual market-based environment, employees who make sacrifices are rewarded for them. They share in growth. They share in success. They see opportunity.

Here the expectation is simple… commute more, spend more, give up flexibility, absorb the cost, absorb the stress, and be grateful for the “privilege”. The company keeps demanding more while offering less. Less flexibility. Less trust. Less autonomy.

The problem isn’t that people don’t want to work. The problem is that leadership keeps asking employees to make sacrifices without offering anything meaningful in return.

The one thing this company actually had going for it was flexibility. Leadership took that away too, and now they’re surprised by the results.

We're the ones who usually pay the price whenever costs need cutting. Seeing others being hit for a change is a bit refreshing. No hate but it's about time.

reality doesn't care about aspirations and promises...

Has anyone moved internally recently? Has anyone had luck or grass greener doing this?

Though not for good reasons. I guess this is as close to relevance as they can get these days though.

https://www.reddit.com/r/technology/comments/1ty2vto/ceo_says_there_will_be_no_raises_because_he_spent/

When do you think the PE will come in and what companies do you reckon will be the potential buyers?

Not layoff related, but here is another example of why UHG is so hated. Couple denied coverage by UHC for preemie twins in NICU.

Help this go viral:
youtube.com/shorts/4VVE-GO4cbg?si=I0OWMbq7qc5jzxea

Heard that SCM was gutted this week. Anyone have details?

Another Friday email about MCP. The fifth? Tenth? Who knows anymore. The topic changes slightly, but the result is always the same: lots of buzzwords, very little substance, and almost nothing employees actually care about. Same goes for Radio FactSet.

Meanwhile, layoffs happened this week and didn’t deserve a single mention. Is the CEO genuinely aware of what’s happening inside the company, or is he too busy writing thought pieces about AI? The disconnect is becoming impossible to ignore.

Capital One is cutting nearly 300 jobs. These reductions are part of its acquisition of Discover Financial Services. The acquisition is valued at $50 billion. This marks the fourth round of layoffs. The job cuts are linked to the Discover deal.

https://www.chicagobusiness.com/banking-finance/ccb-capital-one-discover-job-cuts-20260605/

I'm seeing some linked in posts where people are 'so excited to announce I'm taking a new position as a director in Fidelity blah blah ' where they were formerly VPs. Of course one in particular I saw scrubbed that gleeful vp announcement from 3 years ago from his linked in page. Are there people who took demotions to stay in lieu of getting $hit canned or is this some sort of universe correcting reorg?

It’s 2:30 here at HQ. I’ve met my 40 hour requirement for the week so it’s time to head home. Man I love Summer Fridays!

FU-K OPENTEXT

https://www.freep.com/story/news/politics/2026/06/04/trump-says-ford-gm-want-bill-to-restrict-owners-from-fixing-their-own-vehicles/90410359007/?tbref=hp

Not a damn thing. No innovation. Horrible take on human capital. Stay away from these mushroom clouds

I’m trying to wrap my head around the fact that our new purpose slogans are all these military esq phrases “take the hill” “run together” etc. who told them these were inspiring phrases that were going to get us all excited about our purpose?

And I work in Robinson where leaders have to say “glad to be here” in meetings The morale at my plant is the absolute worst I have ever seen it in my career!!!!!! What is happening to this company? Glad to be here, take the hill, run together. What’s next?

Even though there no travel for everyone else , no money, LP and CB (costs extra on a plane) went to see that Investor that now has 6% stake in Prague yesterday. Wonder what they talk about? Why could not be done on teams?

About to have negative earnings for the next few years

No really, why?