#news

If you didn’t know, the NY Mets su-k this year and fired their manager today. The mascot, Mr. Met, seemed pretty pleased with the decision based on this video.

https://www.reddit.com/r/baseball/s/9Dr6O1UYgH

We’ll all be Mr. Met when Stankey finally exits stage right.

I don’t think there’s been a big decrease in enrollment here

I know of multiple layoffs in e-commerce in ET that happened today. Anyone else know about other areas?

https://radioinsight.com/headlines/360118/iheart-starts-programming-realignment-with-ongoing-cuts/

https://www.mysanantonio.com/business/article/mass-layoffs-texas-22319187.php

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/

https://www.campaignasia.com/article/we-communications-hit-with-layoffs/43xrcf9k3rgb27mft6ja6e65ce

https://iowastartingline.com/news/labor/40-of-iowans-cant-afford-rent-and-bills-iowa-workers-almanac-layoffs-and-news-for-june-25-2026/

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001288847/000128884726000110/fivn-20260615.htm

Replacing Visa and MC with a local alternative could hurt us majorly. And we all know it's not those on top who'll pay the price, but the rest of us. I've been so nervous about this since the news first came out.

https://www.foxnews.com/us/knicks-fan-trash-can-grab-ends-fines-firing-walk-shame-return-trip-jpmorgan-chase-exec?msockid=33b95c3cd7026bed2cf7536cd68d6aff

https://news.chemnet.com/news-6758.html

Did anybody else watch AP's President, Erik Lindhjem's message? It sounded like layoffs are coming from the way he delivered his news. It sounded like AP business isn't doing so well.

https://www.elastic.co/blog/ceo-ash-kulkarni-announcement-to-elastic-employees

7% layoff of global workforce has been announced

A little birdie says a VERP is coming our way in Aug 2026. Hopefully this is true!

That's the rumor I've been hearing, is it true?

iHeartMedia has begun a new round of layoffs affecting dozens of workers in its local radio broadcasting units, The Desk has learned.

The layoffs are part of a broader restructuring promised in iHeart’s first quarter (Q1) financial earnings report earlier this year.

https://thedesk.net/2026/06/iheartmedia-layoffs-new-round/

I heard that they have already rented the stantec building in Edmonton.

Any new updates what's the next move?

It's almost here. Right around the corner. Just about ready.

https://www.wsj.com/tech/ibm-getting-ready-to-scale-quantum-computing-b2418cd5

By: Elias Schisgall |
June 23, 2026 2:32 pm ET

YORKTOWN HEIGHTS, N. Y.—International Business
Machines has spent a decade building, testing and improving in the
once-theoretical realm of quantum computing at its glass-paneled
laboratory complex in upstate New York.This
year, the company is laying the groundwork to turn that technology into
a fully-fledged, scalable business from an expensive science project.IBM
said last month it plans to form a new independent subsidiary called
Anderon, a foundry to produce the silicon wafers needed to make
quantum-computing processors. The venture is seeded by a $1 billion
investment from the Trump administration and another $1 billion of IBM’s
own cash.Anderon will give the company a
new line of business in selling wafers to other quantum-computing
companies. It will also provide a steady stream of wafers to continue
developing its own quantum technology, positioning IBM to capture part
of what the Boston Consulting Group projects will be a $90 billion to
$170 billion market for quantum-computing providers by 2040.The
venture will begin with an expansion of the company’s in-house facility
in Albany, N.Y., which makes wafers for IBM’s internal research. “Now
we have to scale it,” IBM Director of Research Jay Gambetta said in an
interview.The company also plans to spend
an additional $9 billion over five years to advance the final stages of
its quest to build a quantum-mechanics-powered computer capable and
reliable enough for widespread use, a goal known as fault tolerance.
That computer, named Starling, is being targeted for 2029.With Anderon, IBM is thinking beyond Starling, or even a more powerful quantum computer planned for 2033.“If
you’re serious about this, it’s about manufacturing at scale,” IBM Vice
President of Quantum Adoption Scott Crowder said. “Anderon is one of
the pieces, from a supply-chain point of view, that we need to have to
not just have the existence proof of one quantum computer, but to be
able to build multiple quantum computers.”Quantum
computing, which leverages the properties of quantum particles to
perform calculations out of reach for a classical computer, has been on
something of a hot streak recently.In
addition to its $1 billion investment in Anderon, the Trump
administration is investing another billion across a range of
quantum-computing firms through the Commerce Department. Google and Microsoft have both claimed quantum-computing breakthroughs within the past year.On
Monday, President Trump doubled down on the industry, signing executive
orders setting a 2028 goal for a quantum computer that can perform
scientific research and directing agencies to prepare for the
possibility that quantum computers could break standard encryption
methods more quickly than expected. IBM Chief Executive Officer Arvind
Krishna attended the signing ceremony.The
success of artificial intelligence has increased investors’ appetite for
technologies that once seemed futuristic, Citibank analyst Fatima
Boolani said. The administration’s support for the industry serves as an
additional vote of confidence. “Immediately, our reaction was, ‘This
puts quantum on the map,’” she said.Wafers
from Anderon are expected to begin production later this year. The
company is still ironing out details of the venture, including its board
and leadership team. The Trump administration will have an equity stake
in the venture but no governance over its operations, the company said.The
foundry will be a subsidiary of IBM, which will be an anchor customer
and supply talent and intellectual property. Anderon will be walled off
from the rest of IBM, and plans to raise additional investment and sell
silicon wafers to other quantum-computing firms, many of whom have
already expressed interest, Gambetta said.For
now, Anderon’s client base will be limited to quantum-computing firms
using the same quantum-computing modality as IBM, although it plans to
eventually expand to other modalities based on demand. The company opts
for superconducting silicon circuits to act as “qubits”—the quantum
equivalent of “bits” in a classical computer. A handful of firms
pursuing quantum computers use the same modality, such as Google,
Rigetti Computing and D-Wave Quantum.IBM’s
bet on superconducting qubits is a trade-off. They have to be cooled to
near deep-space temperatures and are comparatively more error-prone than
other quantum modalities, meaning IBM has to focus more on methods to
correct those errors in real time.Where
superconducting qubits have an edge, however, is speed and scalability,
Gambetta said. “Our view, and what we’ve always built our program on, is
we’re going to build it on a technology that scales,” he said. “If
other technologies emerge that could leverage the scaling of silicon and
still have speed, I would happily consider that.”Anderon
is designed in part to address another, more traditional obstacle:
wear-and-tear. “We’re at a point that the biggest delays in our roadmap
are tools going down,” Gambetta said.He
predicted that ultimately one or two quantum-computing providers will
emerge as a clear winner in the space. IBM sees itself as having a
technical lead, but its broader goal is to build out an ecosystem of
suppliers and quantum-computing software developers centered on its
technology.But, for now, Gambetta said, the path ahead is clear.“The
strategy is very simple: Build our quantum computers as fast as
possible,” he said. “To build them as fast as possible, we need to build
our systems and we need to have a stable supply of wafers. And I want
to be the fastest at building this technology.”

PwC Global Chairman Mohamed Kande challenges the common narrative surrounding AI-driven layoffs. He asserts that businesses adopting AI at scale are frequently expanding their workforces. AI creates new demand for roles in implementation, governance, data, and client delivery. PwC's internal jobs data supports this, showing stronger headcount growth at companies highly exposed to AI. Kande suggests AI primarily leads to job redesign rather than widespread replacement.

https://www.thestreet.com/technology/pwc-chairman-challenges-views-on-ai-layoffs

TECH: Alphabet added to Dow Jones Industrial Average, replacing Verizon

PUBLISHED TUE, JUN 23 20265:23 PM UPDATED 20 MIN AGO.

Alphabet will replace Verizon in the Dow Jones Industrial Average
, S&P Global said Tuesday, further expanding mega-cap technology’s presence in the blue-chip average.

S&P Global said the Google parent’s A shares — which trade under the ticker GOOGL — would take the spot in the 30-stock index ahead of the start of Monday’s trading. Shares of the online search giant rose about 1% after the bell on Tuesday following the announcement.

The California-based company will join mega-cap tech peers Nvidia
, Amazon, Apple and Microsoft
in the blue-chip index. S&P Global said Alphabet’s inclusion would bolster the Dow’s exposure to themes like artificial intelligence, cloud infrastructure and advertising.

https://www.cnbc.com/2026/06/23/alphabet-verizon-dow-djia.html?

Company-wide/Location Not Specified

• Oracle is cutting 21,000 workers company-wide, with keywords including AI, restructuring, data center costs, and automation.
• Lucid is cutting more than 1,000 workers company-wide, with keywords including EV, cost-cutting, production reduction, and COO departure.
• Ethereum Foundation is cutting 20% of staff company-wide, with keywords including reorganization, leadership exodus, blockchain, and foundation.
• iHeartMedia has layoffs affecting an unknown number of programming workers company-wide, with keywords including programming, strategy shift, decision-making, and innovation.
• Electronic Arts has reported layoffs affecting an unknown number of workers company-wide, with keywords including recruitment, customer support, safety, and IT.
• Wells Fargo has layoffs affecting an unknown number of workers across multiple locations, with keywords including H-1B, reorganization, filings, and banking.

Tennessee

• West Tennessee employers have closures and layoffs affecting nearly 1,900 workers in West Tennessee, with keywords including WARN, closures, layoffs, and 2026.
• An unidentified Brentwood business is closing and cutting 150 workers in Brentwood, with keywords including business closure, layoffs, job loss, and Tennessee.

Massachusetts

• Coca-Cola is closing its Northampton plant and cutting about 175 workers in Northampton, with keywords including plant closure, bottling, WARN, and layoffs.

New Jersey

• Verizon and another New Jersey employer may cut 260 workers in New Jersey, with keywords including WARN, Basking Ridge, employer notices, and layoffs.

California

• Lucid is cutting an unknown number of workers in the Bay Area, with keywords including EV maker, second round, profitability, and layoffs.
• Ubisoft is cutting 93 workers in San Francisco, with keywords including WARN, games, roles, and layoffs.

Arizona

• Lucid is cutting hundreds of workers in Casa Grande, with keywords including EV factory, Arizona, cost-cutting, and layoffs.

Connecticut

• A Bradley International Airport contractor is cutting 100 workers in Windsor Locks, with keywords including airport, contractor, permanent layoffs, and Bradley.
• An unidentified Connecticut employer has announced mass layoffs after losing a prominent contract, with keywords including contract loss, mass layoffs, Connecticut, and Patch.

Kentucky

• Premier Candle U.S. Corp. has layoffs affecting an unknown number of workers in Graves County, with keywords including acquisition, candle company, Mayfield, and workforce cuts.

Michigan

• General Motors has cut 1,000 workers in Detroit, with keywords including EV factory, robots, UAW, and automation.
• General Motors previously had temporary and permanent layoffs affecting 2,500 workers at Factory Zero in Detroit, with keywords including EV factory, temporary layoffs, permanent layoffs, and automakers.

Canada

• Crossley Carpet Mills has issued layoff notices affecting an unknown number of workers in Truro, Nova Scotia, with keywords including carpet, economy, notices, and Canada.

Potential/Unconfirmed Layoffs

• The Senate defense bill seeks to limit future civilian layoffs affecting an unknown number of Department of Defense workers, with keywords including defense bill, cyber talent, protections, and civilian workforce.
• ESPN is reportedly considering mass layoffs affecting an unknown number of workers, with keywords including media, mass layoffs, ESPN, and reporting.
• Nevada Congressman Steven Horsford has proposed an AI-related layoffs transparency law affecting an unknown number of future reported layoffs, with keywords including AI, transparency, legislation, and reporting.
• Federal lawmakers have introduced a bill requiring reporting on AI-related layoffs affecting an unknown number of workers, with keywords including Jacobs, Horsford, Moylan, AI impacts, and Labor Department.
• The U.S. Office of National Intelligence has reported firings affecting an unknown number of workers, with keywords including intelligence, firings, federal workforce, and agency.

National/Other Commentary and Analysis

• Yahoo Tech reports nearly 155,000 tech jobs cut in 2026 across companies including Meta, LinkedIn, Lucid, and Robinhood, with keywords including tech layoffs, TrueUp, 2026, and job cuts.
• TechCrunch tracks major 2026 tech layoffs where employers cited AI, with keywords including running list, tech, AI, and layoffs.
• Business Insider discusses C-suite downsizing at Lucid, with keywords including executives, downsizing, SEC filing, and job cuts.
• MSN lists 15 companies that have said they are doing AI-related layoffs, with keywords including AI, companies, layoffs, and roundup.
• Inc. reports Ikea used AI to grow revenue without layoffs, with keywords including no confirmed layoffs, chatbot, 8,500 workers, and customer calls.
• Supply Chain Management Review reports AI adoption does not match the mass layoff narrative, with keywords including Gartner, AI adoption, workforce reductions, and analysis.
• Bold Journey Magazine discusses bouncing back from job loss, with keywords including job loss, career, layoffs, and advice.
• Tech Policy Press discusses tech union formation amid layoffs, with keywords including union, Meta, AI, and tech layoffs.

But sure, the market l o v e s us...

https://www.quiverquant.com/news/Kyndryl+Holdings%2C+Inc.+%28%24KD%29+Chairman+and+CEO+2026+Pay+Revealed

Is there any news about layoffs I should know about?

Dan’s big idea…

https://www.theverge.com/tech/950881/verizon-simplicity-plan-launch?utm_source=dlvr.it&utm_medium=linkedin

Arizona

• Lucid Motors is cutting roughly 1,500 workers, representing about 18% of its U.S. workforce and eliminating a production shift at its Arizona factory, with keywords including electric vehicles, restructuring, cost reduction, and manufacturing.

Massachusetts

• Coca-Cola is closing its Northampton, Massachusetts plant and laying off about 175 workers, with keywords including plant closure, beverage manufacturing, state filing, and workforce reduction.
• Baystate Health has confirmed layoffs affecting an unknown number of workers in western Massachusetts amid a reported $60 million budget shortfall, with keywords including healthcare, budget deficit, nursing concerns, and workforce reduction.

New York

• Novartis is laying off 60 workers at a Flatiron biotech operation in New York following its acquisition of Tourmaline Bio, with keywords including biotechnology, acquisition, pharmaceuticals, and workforce reduction.

Ohio

• Senior Resource Connection will begin mass layoffs affecting 160 workers in Ohio starting June 30, with keywords including nonprofit, workforce reduction, staffing changes, and organizational restructuring.
• Orlando Baking Company is actively hiring as more than 700 Schwebel’s employees in Ohio face upcoming layoffs, with keywords including bakery, hiring, workforce transition, and plant employment.

California

• Kabam is consolidating its Los Angeles office and laying off an unknown number of workers, with keywords including gaming, office consolidation, restructuring, and workforce reduction.
• PlayerUnknown Productions has laid off an unknown number of workers in California after failing to secure sufficient funding, with keywords including gaming, funding shortfall, restructuring, and workforce reduction.

Minnesota

• Minnesota Star Tribune is expected to reduce newsroom staffing by about 15% through layoffs and buyouts in Minnesota, with keywords including media, newsroom cuts, buyouts, and workforce reduction.

Germany

• DB Cargo is eliminating 6,200 jobs in Germany by 2030, with keywords including rail freight, restructuring, long-term workforce reduction, and cost savings.

Company-wide/Location Not Specified

• Electronic Arts has reportedly begun layoffs affecting an unknown number of workers, with keywords including gaming, restructuring, workforce reduction, and corporate changes.
• BlackRock has conducted layoffs affecting an unknown number of workers across investment, technology, operations, and private credit teams, with keywords including asset management, efficiency efforts, restructuring, and workforce reduction.
• Meta employees are reporting morale challenges following layoffs and AI-related restructuring, with keywords including artificial intelligence, organizational change, workforce reduction, and employee relations.

Potential/Unconfirmed Layoffs

• CFPB layoffs remain tied up in federal court proceedings and no final workforce reduction has been confirmed, with keywords including litigation, appeals court, government agency, and proposed cuts.
• Spirit Airlines remains involved in litigation related to prior bankruptcy-era layoffs affecting an unknown number of workers, with keywords including bankruptcy, labor rights, legal dispute, and workforce reduction.
• Tennessee WARN filings have affected about 5,001 workers through announced closures and layoffs statewide in 2026, with keywords including WARN notices, facility closures, workforce reductions, and labor market.
• General Motors previously cut more than 1,000 workers and has introduced additional automation initiatives, with keywords including manufacturing, robotics, restructuring, and workforce reduction.

National/Other Commentary and Analysis

• Forbes examined claims that artificial intelligence is driving layoffs and argued the causes are more complex, with keywords including AI, technology, workforce trends, and analysis.
• HRD America reported research showing layoffs can significantly reduce employee trust in management, with keywords including workplace culture, leadership, morale, and analysis.
• Silicon Valley Business Journal analyzed continuing layoff risks for technology workers despite hiring gains, with keywords including technology, labor market, employment trends, and analysis.
• Built In discussed potential long-term business costs associated with AI-driven layoffs, with keywords including artificial intelligence, workforce strategy, business risk, and analysis.
• Newsweek reported on proposed legislation requiring disclosure of layoff plans during visa applications, with keywords including immigration, legislation, transparency, and policy.
• People Matters, Forbes, Yahoo Life UK, and Let’s Data Science reported survey findings showing most executives expect AI-related workforce reductions in coming years, with keywords including artificial intelligence, executive surveys, workforce planning, and labor trends.
• Quiver Quantitative and KOLO reported on legislation that would require companies to identify AI-related layoffs, with keywords including transparency, worker protections, artificial intelligence, and legislation.
• HR Executive analyzed California employer obligations under emerging AI-related workforce regulations, with keywords including compliance, artificial intelligence, labor law, and workforce planning.
• Inc. Magazine and Wall Street Journal published commentary on AI, job security, and organizational impacts of workforce reductions, with keywords including artificial intelligence, employment, business strategy, and analysis.

The OTEX stock has gone down over the past year but it’s now at its lowest it’s been since mid 2013!

Any details about this new title?

https://hrexecutive.com/inside-meta-layoffs-and-ai-shakeups-have-pushed-morale-to-the-edge/

SmartAsset, a financial technology company, released a new report. The report identified America's newest boomtowns nationwide. SmartAsset assessed over 400 cities based on economic output, housing, and labor force growth. Four California cities were ranked among these rapidly growing areas. Menifee, Rancho Cordova, Santa Clara, and Sunnyvale made the list.

https://www.aol.com/articles/four-california-cities-among-americas-180001216.html

Has anyone heard anything recent about layoffs?

Ron Charles, a former Washington Post book critic, was laid off in February. He chose to write full-time for his Substack newsletter instead of seeking a new job. Charles has gained over 34,000 followers for his independent book review coverage. Many journalists are now transitioning to independent platforms after newsroom layoffs. This shift offers freedom but presents challenges like financial instability and lack of team collaboration.

https://www.poynter.org/business-work/2026/can-independent-journalism-replace-newsrooms/

https://fxnewsgroup.com/forex-news/retail-forex/fx-week-in-review-vcg-markets-ceo-robinhood-layoffs-tentrade-hires-isam-md-ebc-uk-director-accused/

Check this out
https://investor.amerisourcebergen.com/news/news-details/2026/Cencora-Announces-Samantha-Hammock-as-Chief-Human-Resources-Officer/default.aspx

while still on the Verizon's payroll until the end of June

https://www.phonearena.com/news/spacex-should-buy-at-t-t-mobile-or-verizon_id181076

https://investors.autodesk.com/news-releases/news-release-details/autodesk-announces-nomination-omar-abbosh-board

So the 45% pay increase wasn’t enough to get him to concentrate on Pearson?