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The truth nobody speaks of…

They got rid of the people who make or save most of the money. Why? Because when it breaks they can say “see how bad it was and we exposed it…good thing we were here to fix it” as a way to continue to self promote and buy more tenure and money. It’s a playbook commonly used.

Then, when the time comes they cannot produce, they will leave and the problem becomes someone else’s issue. That or they have to hire back the people or roles. When you remove the people who were most important to your success you get where Nike is today. Just wait until spend increases and there are no people or vendor spend left to cut.


UnityPoint Health Outsourcing Leads to Job Reductions

UnityPoint Health will eliminate 207 IT positions later this year. Additional job cuts are planned for its revenue cycle department. The health system is outsourcing these functions to third-party vendors. Accenture will handle IT, and Omega Healthcare will manage revenue cycle. UnityPoint Health cites sustained financial pressure as the reason for these changes.

West Des Moines, Iowa

https://www.desmoinesregister.com/story/money/business/2026/04/15/unitypoint-layoffs-des-moines-outsourcing/89604998007/


HCL Tech Plans Nearly 100 Layoffs in Lakeland

HCL Tech is planning layoffs at its Lakeland office complex. Nearly 100 employees will be affected by these changes. The company functions as a vendor. It is tied to Marriott Vacations Worldwide's outsourcing strategy.

https://www.bizjournals.com/tampabay/news/2026/02/19/hcl-tech-layoffs-lakeland.html


Okay, Here's what the Fraud Drama is About

I think it's worth simplifying the story what is actually being investigated by the SEC. Basically, in March 2025 Gotham City Research accused Kyndryl and namely CEO & chairman Martin Schroeter of major issues surrounding cash flow. Firstly, it is important to note that Martin, as chairman, created a pay package for himself based mostly on the metric of free cash. Over 50% of his compensation is based on free cash. Since the report came out almost a year ago, Martin cannot claim ignorance.

So, what is free cash? Free cash is essentially the extra spending money a business has. So, they are free to use it as they please.

Now, the issues are that Kyndryl was sure doing a lot of gymnastics to inflate this number.

One allegation is that Kyndryl sold receivables to the bank and called that "revenue". Receivables are essentially IOUs for one-time payments. Kyndryl sold those to the bank and made it look like these loans are recurring revenue.

The allegations that the SEC are investigating also stem from the Gotham City report. This allegation says Kyndryl aggressively timed vendor payments to increase cash holdings and called that cash "free". This is like showing your spouse how much "spending money" you have in your bank account but failing to tell them you have that money because you missed your house payments. They have admitted to abnormalities in delaying vendor payments between quarters, which means they were punting expenses into away to call the cash to pay those expenses "free cash". That is clearly fraud.

Recently, Kyndryl, upon disclosing this information fired their CFO and general counsel, while claiming these two executives were not transparent with the CEO or the board. However, Kyndryl has decided NOT to let CEO Martin Schroeter lead any remediation plan, which will instead be led by the brand new interim CFO and interim general counsel. This is an obvious break showing they don't think shareholders trust Martin anymore.

Basically, if these allegations prove true, Martin will have to argue in court that he was an oblivious id--t instead of a criminal.


Inquiry Regarding Vendor Cost-Cutting Measures and Potential Impact

I'm hoping to get a clearer picture of the current situation with our vendors. I've heard whispers about potential cost-cutting measures on their end, and I'm trying to understand the impact on our side.

Does anyone have any insight into whether cost-cutting is actually happening? If so, do we know which specific vendors are being impacted? Any information you can share would be greatly appreciated.


Dan why are the executives pushing for TCS contracting company, fishy?

The rumor is TCS (Tata Consulting Services) will be the vendor, what is cooking here?
Dan in order to ensure competition exists, please do not limit to one vendor ... TCS has very poor delivery record. Hire cheaper, subpar contractors ...
One vendor approach will ki-l access to talent and competition. There is already alot of biasing, nepotism, favors being extended.

This is something to dig deep into, to find where the problem is ...
Conspiracy? Kickbacks? Why being pushed towards one vendor?


Numerous vendors fleeing both Saks and Neimans

After the first bankruptcy where Neimans stiffed creditors or paid only 1.7 cents to 36 cents on the dollar. Raemdinck was there when we didn't pay 2.667 billion to them. Now he is back. Where he will Play games on what you are owed... Then claim it is the court.ya right. Vendors don't want to take losses again while he just got 7 million. The blood Letting continues


Florida Layoffs - Host International, Hudson Reduce Orlando Airport Staff by 150

Host International and Hudson are closing operations. These closures affect stores at Orlando International Airport. The companies will lay off 150 workers combined. Host International, a Maryland-based restaurant operator, is shuttering five venues. This move is part of a wider trend of vendor closures at the hub.

https://www.bizjournals.com/orlando/news/2026/01/20/mco-international-airport-job-layoffs-vendor-close.html

Orlando, Florida


Nick Jonas to the rescue?

Franco seems to think Nick Jonas is going to save us! To move fashion watches again we need three things: Fossil must lead in innovation, clearly prove value (quality + price), and consistently deliver. Right now it’s a train-wreck with poor leadership, no positioning, and zero value.

The consultants (notably Laks) obviously lack watch/jewelry and supply-chain experience and have replaced a once rock-solid unique supplier base with inferior vendors, creating an operational disaster. Bottom line is that without a rapid and decisive reset, we’re sinking!


Accenture

Isn't the Accenture contract cancellation date fast approaching? Does anyone know how many current Accenture contractors will be brought on by the new vendor and how many will be let go?
Someone I know who is still there tells me they have been setting up access for new the new vendor like crazy.


ABM leaving campus 11/30 not by their choice

ABM the janitorial service provider of over 200 employees and over 9 years is being transitioned out of Nike campus on a decision from CBRE, not Nike. ABM has consistently delivered exceptional experience for Nike athletes on campus, the kpi and consistent inspection scores were off the charts! The teams ABM provided service for: campus janitorial, TWC both janitorial and S&L teams, the gyms: both attendants and pm custodial teams, and durables the (cafe dish return team). Lives have been truly disrupted and thrown into chaos for nothing. Most of the ABM management have decide to leave the account due to this decision and not wanting to be associated with the new company, and the treatment from CBRE, ABM management had over 100 years of campus experience collectively. ABM is a solutions provider that delivers an exceptional experience. Get ready for service to be different , it might look great initially , however when the dust settles challenges will be realized with the experience lost. The stable work force you have come to rely and depend on will be a thing of the past.


How many Switch locations will survive?

How many of these places do we expect to keep more than 1 person? Most of the Network Affecting work happens during the MW, most of the work can be contracted out or sent to other grps to run configurations. Will the switch techs just be there for vendor access??


We're All Sc--wed

A lot of verified assessing and head hunting at the top for 2026 as we end 2025. A big big profit year is needed as Wilson bids farewell and takes his millions and millions of unearned capital with him and sets the stage for his heir apparent in 2026.

A lot of restructuring coming, a lot of combining and aligning of areas happening, a lot of movement of additional services to vendors and overseas, implementation of the incomplete and flawed AI too early, and reductions in force are a certainty as we head into the first half of 2026.

Get your fe--s consolidated and be ready for what is coming.


Merch Specialist moving to TII?

The SMS have slowly had their role trickle over to India. Even though they’re low on the totem pole, I’m wondering if they’re on the chopping block since they fall within merch. Or since there are the rumors of a second round in January, if the train TII in the meantime and axe them then? Of course that would be messed up to our ppl anyways, but it’s just helpful to have someone from the states in this time zone to interact with vendors. Has anyone heard of any whispers on if we may be losing them?


In debit and not profittable

Not sure how these folks plan to survive. Most of their field personnel are financing the company because they don't pay their expenses on time. The hard part of working here is when they tell to find another vendor because they haven't paid the other 3 yet and the vendors won't do work for us any longer. I've never seen a business function the way this one does, and I don't think it will keep this pace long!


Nexidia

So anyone know specifically why Nexidia hasn’t worked all week? They keep telling us that there was some ingestion issue and that they’re working on it but that type of issue has historically only had a few hour turn around - not days. Has their cheapskate behavior finally come to bite them?