#news

Did anyone else just basically shut down mentally with the news today?
Really struggling and doomscrolling. This is going to su-k.
Did any work get done today or did we all just fall into a mental void.

anyone have a workable behind the paywall link?

appress to address his JPM departure

https://ca.finance.yahoo.com/news/gm-expects-500-million-trump-195909092.html

Quixote Studios is closing its Atlanta production services business. It is also winding down its Los Angeles soundstage operations. These changes will result in approximately 70 layoffs. The company faces heavy operating losses and a production slump. Hudson Pacific Properties, its owner, acquired Quixote in 2022.

Los Angeles, California

https://variety.com/2026/film/news/quixote-studios-production-slump-layoffs-1236732572/

The Missed Targets Report
​A report (notably from the Wall Street Journal) revealed that OpenAI failed to meet several key internal goals:

​User Growth: ChatGPT failed to reach its goal of 1 billion weekly active users by the end of 2025.

​Revenue: The company missed multiple monthly revenue targets in early 2026.

​Competition: Competitors like Google’s Gemini and Anthropic’s Claude are reportedly eating into OpenAI’s market share, particularly in the high-value coding and enterprise sectors.

How much did we pay for this?

Converge. Sales Kick Off in Vegas. But I am hearing that layoffs will be third week of May which makes no sense at all to fly people to Vegas and then lay them off. But...NetApp has done crazier things...

Any chance somebody knows more about this? Whether it's true or not, among other things?

It's small, but it's happening.

https://www.nj.com/warren/2026/04/nj-layoffs-to-affect-263-workers-at-att-alan-ritchey.html

Guess who did not make the list?

https://www.linkedin.com/pulse/linkedin-top-companies-2026-50-best-large-employers-grow-zupfe/

Which will be under G2 leadership means that CR is here to stay for at least additional 3-4 years.

Any news on this?

Autoblog
https://www.autoblog.com/news/the-ev-bo-m-is-changing-and-100000-job-cuts-prove-it

Cencora has sold Patient Services to Caremetx. All employees within those divisions of the company will be employed by Caremetx in the next coming months.

https://www.globenewswire.com/news-release/2026/04/27/3281487/0/en/caremetx-acquires-u-s-based-patient-services-and-free-goods-pharmacy-operations-from-cencora-significantly-expanding-its-patient-access-platform.html

The Washington Post is rehiring journalists laid off in February. This action aims to stabilize its newsroom. Some staff returned on a temporary basis. Others were rehired for full-time positions. The union is monitoring these rehiring efforts.

https://tomorrowspublisher.today/content-creation/washington-post-reverses-some-layoffs-to-stabilise-newsroom/amp/?utm_source=linkedin&utm_medium=jetpack_social

https://www.marketsgroup.org/news/verizon-to-move-pension-asset-management-to-goldman-sachs-ocio?fbclid=IwY2xjawRZliFleHRuA2FlbQIxMQBzcnRjBmFwcF9pZA80MDk5NjI2MjMwODU2MDkAAR6tW1eHusgv8sz-a_EIVp4-3Gr4_fpKJS5WnDXYY_YCVgII9d67nLy1BfY0TQ_aem_SCp5oOD-4eH3Wc8UasPgGw

https://www.bankingdive.com/news/trump-calls-out-wells-fargo-banks-over-la-fire-response/818457/

President Donald Trump alleged Thursday that banks did not “step up to the plate” to help people affected by wildfires in Los Angeles last year, and singled out Wells Fargo as being “very difficult to deal with.”

Donald thinks WF is difficult to deal with?!?!?!? Try working for them!!!!!

Couldn't happen to a better company though, really. Maybe Donny does a Godzilla stomp on WF.

This was a slow week for Dell news on the layoff.com. Everyone must be happy the stock is chugging along.

https://share.google/4ngeV04IsIvD0qMR0

They just shutdown manufacturing

Anyone seen the embarrassing BBC article about Aberdeen Hydrogen and BP involvement.
Can BP shareholders find out how much BP invested ? Are there P45s now being handed out ?

We’re getting ready to be ready to be IPO ready!
Congrats everyone, job well done!

Do we know anything?

Something tells me something major is coming.

https://www.msn.com/en-us/money/companies/10-companies-that-have-said-they-re-doing-ai-related-layoffs/ss-AA1RkQw8?ocid=msedgntp&pc=W099&cvid=b911c00093144e51d3f86416ea22c999&ei=37#image=7

Layoffs in 2026 hit six states hardest - Newsweek https://share.google/TPjOjG8LAS7TCqxOP

#2 is NJ stating 9K employees apart of WARN specifically mentioning VZ and doesn't seem like it's just spill over from last Nov. 🤔

Is it true?

Binance co-chief executive Yi He announced no significant layoffs are planned. This stance differs from many tech firms cutting jobs. Binance instead prioritizes new hires and global expansion. The company aims to reach three billion users worldwide. Yi He views AI as a productivity enhancer, not a job replacer.

https://stocktwits.com/news-articles/markets/cryptocurrency/binance-ceo-says-no-large-scale-layoffs-planned-amid-ai-job-cuts/cZBdgYuRIzB

Check out this video, "uhg moving hq"

https://youtu.be/v0ll2Y2tp1I?si=FDd9GBQuyn6YnHo-

Anyone else? On my calendar this morning.

Do we have any idea what's coming and when?

No rumors or guessing, just facts, please.

Is there any information on the potential sale of the ACVS business unit? It was published in Bloomberg over the weekend, nothing has been stated internally yet.

Why did WF pay?

Marc James is no longer with iHeartMedia's KJR Sports Radio. His departure is part of ongoing iHeartMedia layoffs. These layoffs affect various departments nationwide. KJR has updated its on-air schedule following James' exit. James joined the Seattle station in February 2025.

Seattle, Washington

https://barrettmedia.com/2026/04/15/marc-james-departs-kjr-as-iheartmedia-continues-ongoing-layoffs/