#news

According to a Tweet from Dylan Byers from Puck News: CBS NEWS leadership will announce layoffs tomorrow... Nearly 100 jobs will be affected across the division, as I've long reported..

Ford Gets a Correction to Our F-150 Lightning Story
Douglas A. McIntyre
Mon, October 27, 2025

Ford Motor Co. (NYSE: F) asked for a correction to our “Ford to End Production of Failed F-150 Lightning.”

Here is their correction:

F-150 Lightning is the best-selling electric pickup truck in the U.S. – despite new competition from CyberTruck, Chevy, GMC, Hummer and Rivian – and delivered record sales in Q3. Right now, we’re focused on producing F-150 ICE and Hybrid as we recover from the fire at Novelis. We have good inventories of the F-150 Lightning and will bring Rouge Electric Vehicle Center (REVC) back up at the right time, but don’t have an exact date at this time.

Here is our response:

Ford’s comment about the Lightning is a claim that it is good to be a 5 feet, 3 inches tall person in a room of people who are 5 feet tall.

For a start, the production information comes from The New York Times: “The company also said it has stopped making an electric version of its popular F-150 pickup.” That is in the headline about Ford’s earnings. In the body of their story: “Because of the fire and slowing sales of electric vehicles, the company has stopped making the F-150 Lightning electric pickup.”

Ford always stuns us when it talks about being first in the segment. The company took the brand of the top-selling vehicle in the past five decades and launched an electric version. Then it congratulated itself for selling only 85 of these a day through the first three quarters of this year. Thus, Ford took one of the greatest brands in auto history and turned it into a multibillion-dollar debacle.

Executive Chair Bill Ford told the Detroit News that the Lightning was the most important product of his career. He added, “Anytime you have a radical change to your most successful product, you really are betting the company.” I have not heard him say Ford lost that bet.

The company increased the price of the Lightning three times in 2022. Some of that was apparently because it did not anticipate “significant material cost increases.” One of the largest car companies in the world should have foreseen such a significant change.

Ford said it planned to build 150,000 Lightnings in 2022. And it said it would ramp to an electric vehicle (EV) production rate of 600,000 in 2023. Ford has only sold 69,000 EVs through the first three quarters of 2025. It will be lucky to sell 90,000 for the entire year.

Astonishingly, Ford is proud of being in first place in the electric pickup segment with nine-month sales of 23,034 Lightnings through the third quarter, up a staggering 1%. That’s a record to be proud of.

1. UPS: 48,000 employees
2. Amazon: Up to 30,000 employees
3. Intel: 24,000 employees
4. Nestle: 16,000 employees
5. Accenture: 11,000 employees
6. Ford: 11,000 employees
7. Novo Nordisk: 9,000 employees
8. Microsoft: 7,000 employees
9. PwC: 5,600 employees
10. Salesforce: 4,000 employees
11. Paramount: 2,000 employees
12. Target: 1,800 employees
13. Kroger: 1,000 employees
14. Applied Materials: 1,444 employees
15. Meta: 600 employees

Bank of America - hoping 0

https://www.nytimes.com/2025/10/27/technology/amazon-layoffs.html

Massive layoffs are sweeping across the U.S. — Target, GM, and Ford are among major companies cutting jobs, pushing total layoffs near one million this year.
Despite record profits and strong Wall Street gains, corporations are slashing workforces, blaming automation and “restructuring.”
Critics say it’s a coordinated move to suppress wages and weaken workers’ job security as the economy edges toward recession.
https://www.wsws.org/en/articles/2025/10/25/jobs-o25.html

https://www.digitimes.com/news/a20251028VL208/tsmc-intel-president-production-2025.html

Chegg said on Monday it would lay off about 45% of its workforce, or 388 employees, as the “new realities” of artificial intelligence and diminished traffic from internet search have led to plummeting revenue.

https://www.cnbc.com/2025/10/27/chegg-slashes-45percent-of-workforce-blames-new-realities-of-ai.html

Reported in this mornings News & Observer -- campus to be completely vacated by March 2026. The land has been sold to data center developers.

https://nypost.com/2025/10/27/us-news/national-grid-must-pay-2-workers-a-total-of-3-1m-for-denying-them-remote-work-after-pandemic/

Amazon is layoff 30k employees. Is Dell following Amazon soon?

Vancouver-based social media management-platform provider Hootsuite confirmed to BIV in an email Monday afternoon that it is laying off hundreds of workers.

The company said it would not "share" exactly how many people it was laying off, but it said the cuts would be for about 20 per cent of its global workforce.

https://www.piquenewsmagazine.com/technology/hootsuite-laying-off-hundreds-of-staff-20-of-workforce-11405954

Fun times, fun times indeed

Parts of IT and VZB Cust Serv outsourced to Indian Company HCL. Now the fiber build out to another Indian company.

https://www.verizon.com/about/news/verizon-expanding-broadband-new-strategic-fiber-agreement

Morgan Stanley maintains "Overweight" rating on TMUS, lowers price target to $280.
Recent analyst actions show mixed ratings with varying price targets.

Hold my overnighted Prime beer, 30k

Damn

https://www.usatoday.com/story/money/2025/10/27/amazon-layoffs-job-cuts/86934722007/#

Amazon.com Inc. plans to cut corporate jobs in several key departments, including logistics, payments, video games and the cloud-computing unit, according to people familiar with the matter.

https://www.latimes.com/business/story/2025-10-27/amazon-plans-to-cut-corporate-jobs-across-core-departments

Job cuts will affect HR, devices, services, operations
CEO Jassy aims to reduce bureaucracy, increase AI use

https://www.reuters.com/business/world-at-work/amazon-targets-many-30000-corporate-job-cuts-sources-say-2025-10-27/

Dozens of Lenoir County workers are facing permanent layoffs as Safeway Logistics LLC exits its delivery contract with Amazon, according to the company.

https://www.witn.com/2025/10/27/72-kinston-workers-face-layoffs-independent-contractor-exits-amazon-delivery-program/

Amazon to cut about 30,000 corporate jobs beginning this week

McLean-based Fortune 500 government contractor Booz Allen Hamilton is launching another round of layoffs after a weak quarter, citing earlier federal contract reductions and an ongoing slowdown in federal funding.

https://virginiabusiness.com/booz-allen-hamilton-announces-new-round-of-layoffs/

Was this planned and coordinating by each others CEO’s to layoff this many retail employees at same time or just forward looking forecast of the industry ? Hence similar timing

Also is their cut less bad as ours? Or about same. Ratio. Still not good either way you slice and dice this

Goodbye job market.

How soon will Srini follow the lead of his new buddy at Amazon?

https://www.geekwire.com/2025/amazon-reportedly-set-to-lay-off-30000-corporate-employees-in-massive-workforce-cut/

https://www.cnbc.com/2025/10/27/amazon-to-announce-sweeping-corporate-job-cuts-starting-tuesday.html

Which teams are being hit?

https://x.com/TheLayoff/status/1982897958556479826

https://www.alternet.org/lockheed-martin-strike-politico/

But not Boeing

https://www.calcalistech.com/ctechnews/article/s1g3z02cgg

See for yourself, more than 25% were let go

appropriate news for this week: https://puck.news/taylor-sheridan-is-leaving-paramount-for/

Quarter is not looking good

Seems like the mails went out at 4 pm!

Any news? Microsoft DIS is moving operations to Costa Rica. What about other campaign's?

Has anyone heard any actual news about raises? I know they normally don’t say anything until closer to December, but sometimes people had info earlier in years past.

Have they happened? Planned for Q4? Any news?

Anyone see the news articles as of today TD is laying off again before the return to work 4 day minimum?? I thought they already laid off the 2% they needed??

"booming demand for cloud services, as artificial intelligence adoption rises."

https://m.economictimes.com/tech/technology/ibms-slowing-cloud-growth-eclipses-upbeat-third-quarter-results/amp_articleshow/124751571.cms

Anyone else notice the trend?

CEP internal emails keep getting picked up by Reuters as their exclusive story. Latest was Canada. Surprised US hasn’t hit the news yet and just waiting for the Reuters Exclusive on that one…

Thoughts?