#news

Piper guy yes we are hereby naming you tragedy king! But did you saw the great financial results not trying to rub it in. Wishing you and your family the same negativity multiplied 100000 times.

Per news article from Ignites, BNY cut 3400 staff in the past 12 months and paid out $250 in severance.

Also mentioned in the article that approximately 50% of staff are now based outside the US; before Robin this was 40%.

https://investors.xerox.com/static-files/adf78906-cdf0-4fef-b8ce-21264d06bd9b

JFC. It's in there under 'Worldwide Employment' as of 9/30/25 there are 26,300 Xerox employees now. Much worse than I thought it would be.

Any one have any Tfb news? Upcoming reorg? 2026 changes?

@michaeljburry

Understating depreciation by extending useful life of assets artificially boosts earnings - one of the more common frauds of the modern era.

Massively ramping capex through purchase of Nvidia chips/servers on a 2–3 yr product cycle should not result in the extension of useful lives of compute equipment.

https://x.com/michaeljburry/status/1987918650104283372?s=20

Yet this is exactly what all the hyperscalers have done. By my estimates they will understate depreciation by $176 billion 2026–2028.

By 2028, ORCL will overstate earnings 26.9%, META by 20.8%, etc. But it gets worse. More detail coming November 25th. Stay tuned.

We made the top list today:

https://x.com/TheLayoff/status/1988002354655097205

https://fordauthority.com/2025/10/ford-f-150-lightning-production-to-remain-paused-indefinitely/

Best decision Ford has ever made.

http://techrights.org/n/2025/11/08/IBM_is_Eliminating_Red_Hat_Like_It_Eliminated_Tivoli_and_Elimin.shtml

https://techrights.org/n/2025/11/08/IBM_Layoffs_Not_Done_Terminations_of_Staff_in_India_Brazil_and_.shtml

It was just leaked that to handle the influx of people to Strathcona post Transformation they will begin charging for parking at site.

According to this >>

https://www.cnbc.com/2025/11/06/ford-f-150-lightning-ev.html

...if this is true, what a sorry state of affairs Ford has going....so many PD ICE layoffs , other related layoffs, etc....for this outcome?

Guess who didn’t make the list?

https://www.forbes.com/lists/best-employers-women/

https://www.moodyonthemarket.com/whirlpool-corp-announces-senior-leadership-changes-effective-january-2026/

CVS Health to lay off 70 remote employees living in Ohio

https://www.msn.com/en-us/money/companies/cvs-health-to-lay-off-70-remote-employees-living-in-ohio/ar-AA1PL2D7?ocid=BingNewsSerp

https://www.moneycontrol.com/europe/?url=https://www.moneycontrol.com/technology/ibm-to-cut-2-700-jobs-as-experts-warn-more-tech-layoffs-loom-this-year-article-13656587.html

WSJ's coverage.

https://www.wsj.com/business/ibm-to-lay-off-thousands-of-employees-before-end-of-year-3b293c50

Tech company said cuts, scheduled for the current quarter, will affect a small percentage of its workforce

By: Sebastian Herrera |
Updated Nov. 4, 2025 5:18 pm ET

International Business Machines is cutting thousands of jobs this quarter, the latest company to shed workers as it seeks to reposition its business in the age of artificial intelligence.

The tech company said the layoffs will affect a low single-digit percentage of its total workforce. IBM employed about 270,000 globally as of the end of 2024. The company didn’t further clarify how many people it would cut.

“IBM’s workforce strategy is driven by having the right people with the right skills to do the work our clients need,” a spokesman said. “We routinely review our workforce through this lens and at times rebalance accordingly.”

IBM joins a growing list of companies shedding workers, propelled by a shift in C-suite offices toward using AI tools and pushing for efficiency among rank-and-file employees.

Amazon.com announced layoffs last week that affected roughly 14,000 roles. United Parcel Service recently said it had reduced its management workforce by about 14,000 positions over the past 22 months, and Target recently shed 1,800 corporate roles.

Large employers have been making deep cuts to white-collar jobs, with many executives preaching a leaner approach to their businesses.

At Big Tech companies like Amazon and Microsoft, cuts have come at the same time the companies have poured billions into building out data centers and other AI infrastructure. Many companies are embracing AI, hoping that it can handle more of the work that some well-compensated white-collar workers have been doing while making others more productive.

Investors have also pushed chief executives to operate more efficiently with fewer employees.

Based in Armonk, N.Y., IBM is trying to position itself as a leader in building the world’s first viable quantum computer. It is competing with Google, Microsoft and a number of startups to build computers that exceed the abilities of the best conventional ones. It is working on larger clusters of quantum chips that it expects will enable large-scale computing in the next five years.

Chief Executive Arvind Krishna recently said IBM has used AI, specifically AI agents, to replace the work of a couple of hundred human-resources workers. That has enabled it to hire more programmers and salespeople, he added.

In October, IBM posted higher revenue in the third quarter, boosted by higher-than-expected growth in its consulting business. IBM has had other cuts since 2024 that affected marketing, communications and other teams.

Job cuts in October hit 153,074 - up 183% from September and 175% from last year. Highest October since 2003.

Tech sector cut 33,281 jobs, nearly 6 times September's number, due to AI changes.

Total for 2025: 1.1 million cuts, up 65% from 2024. Worst year since 2009.

People losing jobs are struggling to find new ones quickly.

Source: CNBC

https://www.cnbc.com/2025/11/06/job-cuts-in-october-hit-highest-level-for-the-month-in-22-years-challenger-says.html

https://www.aol.com/articles/badly-crippled-ibm-t-fixed-151044608.html

"...Red Hat, has recently slowed, which analysts believe could be a factor prompting the current restructuring." https://www.techrepublic.com/article/news-ibm-layoffs-november-2025/

I am sure most of you know this. just thought i would share. wow.

https://www.youtube.com/watch?v=NP-qmffUNHQ

Big layoffs hitting tomorrow unfortunately

https://finance.yahoo.com/news/wall-street-pros-to-see-their-biggest-bonus-bump-since-2021--and-just-about-every-banker-will-enjoy-the-spoils-100037321.html

Some DPAIO folks are gone as of today. At least one VP and one SVP included. Is this part of a larger RIF this week?

Is it true Whole Foods is adding in conventional products? using old space were cafes use to be? If so what a move! Get your pepsi and organic quinoa all in one space.

#wholefoodsisdead

https://finance.yahoo.com/news/ups-layoffs-logistics-giant-cuts-174718360.html

What did Bob say? I only caught the end of his comments, but they didn't sound good.

From a former Target executive

https://www.forbes.com/sites/christopherwalton/2025/11/03/target-is-acting-like-a-company-preparing-for-acquisition/

Today italian office announced the layoffs of 35 people (out of 120 FTEs)

https://techrights.org/n/2025/11/05/This_is_How_Mainstream_Media_Boosted_or_Parroted_by_Slopfarms_S.shtml

https://x.com/TheLayoff/status/1985891026205360626

American Airlines Layoffs Started Yesterday 11/3/2025

3% of 275,000 is approx another 9,000. Ouch. https://www.tipranks.com/news/ibm-plans-to-lay-off-thousands-of-workers-this-quarter-shares-fall

https://techrights.org/n/2025/11/04/Corporate_Media_That_Fails_to_Report_Cocaine_at_EPO_is_Totally_.shtml

Keep seeing articles about banks and holding companies selling TI stock

If you see some headline about Microsoft's CEO making claims about hirings, look away

https://techrights.org/n/2025/11/04/A_Lot_of_Fake_News_About_Microsoft_Headcount_Also_Microsoft_s_D.shtml

Is there any truth to this?

https://www.cbsnews.com/news/kenvue-kimberly-clark-acquisition-tylenol/