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In hindsight, he said he wished he had not exposed Pioneer employees to Exxon’s “notoriously cut-throat and dysfunctional culture” but instead pursued takeovers of other US oil companies such as Range Resources or Endeavour Energy Resources.
https://finance.yahoo.com/energy/articles/shale-tycoon-claims-exxon-ceo-124336695.html
https://www.ft.com/content/ad6d56fa-6a6e-43bd-8f12-205a3f94ac0e?syn-25a6b1a6=1
In hindsight, he said he wished he had not exposed Pioneer employees to Exxon’s “notoriously cut-throat and dysfunctional culture” but instead pursued takeovers of other US oil companies such as Range Resources or Endeavour Energy Resources.
https://finance.yahoo.com/energy/articles/shale-tycoon-claims-exxon-ceo-124336695.html
https://www.ft.com/content/ad6d56fa-6a6e-43bd-8f12-205a3f94ac0e?syn-25a6b1a6=1
In hindsight, he said he wished he had not exposed Pioneer employees to Exxon’s “notoriously cut-throat and dysfunctional culture” but instead pursued takeovers of other US oil companies such as Range Resources or Endeavour Energy Resources.
https://finance.yahoo.com/energy/articles/shale-tycoon-claims-exxon-ceo-124336695.html
https://www.ft.com/content/ad6d56fa-6a6e-43bd-8f12-205a3f94ac0e?syn-25a6b1a6=1
In hindsight, he said he wished he had not exposed Pioneer employees to Exxon’s “notoriously cut-throat and dysfunctional culture” but instead pursued takeovers of other US oil companies such as Range Resources or Endeavour Energy Resources.
https://finance.yahoo.com/energy/articles/shale-tycoon-claims-exxon-ceo-124336695.html
https://www.ft.com/content/ad6d56fa-6a6e-43bd-8f12-205a3f94ac0e?syn-25a6b1a6=1
https://www.ft.com/content/ad6d56fa-6a6e-43bd-8f12-205a3f94ac0e?syn-25a6b1a6=1
https://finance.yahoo.com/energy/articles/shale-tycoon-claims-exxon-ceo-124336695.html
Ok when will the board fire Clay for his incompetency?
When will Larry step back in and slap him around a bit?
Or will we just have a fire sale and be bought by the likes of Nvidia or OpenAi? We need some form of stock shocker ! May be a hostile take over.
We need something and not more orange builder jackets or layoffs
Apparently Rich and the Board are planning to sell MOA with the executives going away with Hugh packages.
With all the layoffs and assumed more coming,cutting of benefits,reducing staff,ETC, it should be obvious that they are making MOA more sellable.
Is the Stock ever going to rebound, or are the powers that be trying to let it sink so low that another competitor will come in & buy at a discounted price?
Centene is being setup to get bought out by Humana. They are in talks as I type this. Their major footprint is Medicare. Centene has a very small Medicare footprint, but a very large Medicaid footprint. Meaning, Centene needs to adjust their business model in order to stay in business. All Centene’s eggs are in one basket, and there’s no diversification in their portfolio. They can’t compete against UHG or Elevance, without increasing their membership portfolio. Therefore, the only option, merge or get bought out. It’s gonna happen…Just watch!
I last heard that it was being sold.
No M&A possible until after 2027 but why should that stop the cutting to hire this position
This is what happened to SciPlay revenue after LnW bought back 100% of SciPlay
Q1 2024: $206 Million (Peak post-acquisition performance)
Q2 2024: $205 Million
Q3 2024: $206 Million
Q4 2024: $204 Million
Q1 2025: $202 Million
Q2 2025: $200 Million
Q3 2025: $197 Million
Q4 2025: $195 Million
Q1 2026: $187 Million
Q2 2026: $182 Million
Corporate Optimization at its Finest
Every single one brings layoffs. Somehow roles which have nothing to do with it are always classified as redundant (I've seen it happen again and again) and people are kicked out. Every single time it's used as an excuse to get rid of good, hardworking people.
There has been a lot of speculation here about whether we are being prepared for a sale, breakup or some other mega restructuring.
No one here knows if that is actually happening. But with the layoffs, VSP, outsourcing, business exits and all the Mission Simplfy changes, it seems worth asking what employes are seeing internally.
Are you seeing bus units being separated or simplified in ways that would make them easier to sell?
Are shared functions like finance, HR, tech or ops being split more clearly by line of business?
Are leaders asking for more detailed reporting on headcount, budgets, profitability or costs by individual business unit?
Have you seen unusual work around contracts... systems, vendors, assets or employee lists that seems designed to identify what belongs to each part of the company?
Does the Cognizant outsourcing look like normal cost cutting??? or does it look like Centene is trying to reduce the amount of internal infrastructure it carries?
Are there certain businesses, markets or LOBs that look more likely to be sold, exited or separated than others?
For people closer to leadership, finance, strategy or integration work, does what you are seeing look like normal restructuring, preparation for a breakup (preparation for a sale,??) or something else?
After taking walgreens private, sycamore apponted mike motz as ceo... motz previously ran staples us retail another sycamore-owned business.
that history is worth watching... sycamore bought staples in 2017. it later pursued a recapitalization that would add about $1B in debt while allowing sycamore to pull about $1B of its investment back out. genius...
Walgreens employees are now seeing some similar things... tighter costs. org changes. job cuts. more work moving overseas. heavy focus on opex.
some folks here on layoffs.com here have already started calling it Staples 2.0.
this does not mean walgreens will follow the same path as staples. but sycamore owns both companies. walgreens is now led by the former ceo of staples us retail...
the similarities make staples a useful case study for us who are trying to figure out what maybe coming next.
EA has officially been acquired for $55 billion and is going private after 36 years as a publicly traded company.
The buyers are Saudi Arabia's Public Investment Fund, Silver Lake, and Affinity Partners, the investment firm run by Jared Kushner.
The deal has now cleared regulatory approval and closed.
For anyone wondering what this means for employees, there has been no announcement of layoffs tied specifically to the acquisition.
That said, EA has already gone through multiple rounds of cuts. The company eliminated about 5% of its workforce in 2024 and cut several hundred more jobs earlier this year. EA had around 14,500 employees as of March 2025.
Going private also means EA will no longer have to report quarterly results publicly.
So, nothing new has been announced on layoffs yet, but this is obviously something worth watching closely now that the acquisition is complete.
If anyone is hearing about reorganizations, team changes, hiring freezes, or cuts following the deal, please post what you're seeing.
NEWS: The FCC approved Paramount’s request to allow foreign ownership to exceed the 25% statutory benchmark, clearing a regulatory hurdle tied to its proposed acquisition of Warner Bros. Discovery (WBD).
In its declaratory ruling, the FCC found that allowing up to 100% aggregate indirect foreign equity ownership of Paramount would serve the public interest, subject to the Commission’s rules and specified conditions.
The FCC specifically approved indirect holdings above 5% for:
From the ruling:
“we find that the public interest would be served by permitting indirect foreign equity ownership of Paramount … to exceed the 25% benchmark”
The FCC further found it in the public interest to permit “up to 100% indirect foreign equity interest of Paramount, in the aggregate,” subject to applicable rules, commitments, and conditions.
Was it a good call? I was surprised. Not sure what this means for re-orgs.
this person was pretty much spot on:
https://www.thelayoff.com/t/1kxe5swhw
Q2 sales will lack both plan and the latest exec forecasts. Substantially. SVP of sales and several Director / Sr. Directors in sales will finally be fired in August. Not for missing the target, but for missing their own forecasts now several quarters in a row.
Q2 sales didn't not meet forecasts or plan. SVP of sales fired.
ARR in the current quarter will shrink vs end of previous quarter (for the first time). That will be the catalyst for the bigger changes:
That did happen (almost). Didn't quite shrinnk, but was flat within Q2 and YTD
CEO still believes that "product is fine, everything else is the problem". He'll be fired, too. Timing just depends on interim and long-term succession plan. Nobody will miss him as he's been over-promising on outside investment / recapitalization / acquisition and under-delivering.
That happened today.
Budgets are shot due to the acquisition of Altruist. Some organizations are cutting budgets sharply going into 2027 especially in various engineering organizations. Expects impacts to contractors at a minimum.
Heard Suncor to take some stake in the Kearl lake asset IOL?
Any news or updates on that?
Heard CNRL is going to acquire some stake in IOL KEARL LAKE.
any updates or news about this?
New Tech Global Staffing is undergoing significant changes following its acquisition by Airswift. The company's consulting and recruiting divisions will be integrated and rebranded under the Airswift name. The staffing division itself will cease operations. Employee separations are scheduled to commence in October. This restructuring marks a new chapter for the company.
Houston, Texas
https://www.bizjournals.com/houston/news/2026/09/16/new-tech-global-staffing-layoffs-airswift-deal.html
FIS Acquires AI-Native OpenCoreOS as Core Banking Consolidation Continues
Banking and payments technology group FIS has acquired OpenCoreOS, the AI-native core banking startup founded by former Zafin chief executive Al Karim Somji, only months after the company was publicly launched.
FIS told The Fintech Times the deal completed in March and that Somji has since joined the company as president of enterprise platforms. Financial terms were not disclosed.
The deal was not announced at the time, although Companies House records put the change of control on 18 March, when Fidelity National Information Services was registered as owning at least 75 per cent of OpenCoreOS UK’s shares and voting rights, as well as having the right to appoint or remove directors. Somji ceased to be a person with significant control on the same day. The board also changed, with all four existing directors stepping down and two new directors appointed.
Bigger core banking providers are increasingly buying newer technology rather than building it themselves, according to analysts, who expect more deals to follow.
Paul Schaus, founder and managing partner of banking consultancy CCG Catalyst, says: “It tells me the large providers have decided it is faster and cheaper to buy innovation than to build it.”
He cites Fiserv’s acquisition of Finxact, FIS’s purchase of Bond and SoFi’s acquisition of Technisys as earlier examples of established financial technology companies buying newer platforms.
On OpenCoreOS, Schaus says: “When a company that is young gets acquired, the buyer is not buying a business, because there was no business yet. FIS bought the technology direction, the team, and time.”
A fast move into FIS
OpenCoreOS was introduced in October 2025 as the “next chapter” in Somji’s work on banking technology, after a period in stealth. The company described OpenCoreOS as an AI-native core modernisation platform and said general availability was planned for the first quarter of 2026.
Somji had already stepped down as chief executive of Zafin after more than two decades leading the banking technology company, while staying on its board. He founded OpenCoreOS with former HSBC global CIO Steve Van Wyk, CTO Slavo Vojacek and chief AI and product officer Ricky Marcon.
At launch, the company said it was working with tier-one design partners. It also said the platform could run across several cloud providers at once, so an outage at one would not take a bank offline.
FIS already runs several core banking systems. It launched Modern Banking Platform in early 2020 as a cloud-native, component-based way for banks to upgrade their core in stages. Buying OpenCoreOS adds another newer-generation platform to that mix.
Schaus notes the timing: “Six years after launching it, FIS went out and bought an AI-native core.”
FIS gave no further detail on why the deal was not announced, whether OpenCoreOS remains a standalone product, how FIS is using the technology or whether any banks were live on the platform when the deal completed. It did confirm Somji’s move into the president of enterprise platforms role, and Schaus thinks that appointment says plenty about the deal.
I read there is high interest in BP's NS assets. I imagine that everyone wants to expedite the sale, especially the affected employees. It will be very beneficial to work for a company that values the assets and employees and considers them a core asset rather than small legacy asset. Alaska has thrived after BP's sale.
So after 18 acquisitions, 8 1/2 years of Neri leadership, and a really long period of flat, nothing revenue growth, HPE is finally showing some signs of life. I wouldn't count on it lasting though.
Stone Brewing is undergoing significant changes following its recent acquisition by Firestone Walker. While the new ownership is investing in and expanding some operations, the former production facility and restaurant in Escondido are slated for closure. This closure will result in the layoff of approximately 220 employees by January. These job cuts are a consequence of Sapporo, the previous owner, shutting down the Escondido site after failing to find a buyer. In contrast, Stone Brewing's Liberty Station location will receive upgrades and continue brewing operations.
San Diego, California
https://timesofsandiego.com/business/2026/09/15/stone-brewing-layoffs-new-owners-30th-anniversary/
https://www.reuters.com/world/asia-pacific/sk-hynix-talks-with-intel-about-deal-make-memory-chips-us-first-time-sources-say-2026-09-16/
The retail sector has great margins and it would be another part of the supply chain owned by Nike. It’s near bottom all time valuation so it would be a great time to takeover.
The stock has been buried to lows and im wondering why Nike just doesn’t buy our company?
CDW acquire Lovelytics for $525M. Messaging from leadership “Layoffs are a result of cost cutting measures. We are extremely sorry.” Many talented individuals are given walking papers, some had been with CDW for 10, 20 and 30 years. These individuals are what made CDW, they made it better, they created the culture that made everyone better. It’s all gone :-(
How can you find your first day of unemployment with Centene to put on an unemployment application? My company was bought by Centene several years after I started.
Seriously, how much longer are we supposed to wait? It’s been almost a year already. When is OpenText finally going to sell ADM?
https://simplywall.st/stocks/us/diversified-financials/nyse-fis/fidelity-national-information-services/news/what-fidelity-national-information-services-shares-record-co
Nestle CEO says Middle East conflict driving inflation, higher supplier costs
https://www.reuters.com/business/retail-consumer/nestle-ceo-says-middle-east-conflict-driving-inflation-higher-supplier-costs-2026-09-10/
At TMT Osvaldik indicated that we will not enable a Starlink MVNO. But since our D2D joint venture with ATT / Verizon was announced, rumors have circled that T-Satellite will be ditching Starlink for AST Spacemobile once their service us up. If this happens I fear that SpaceX has no choice but to acquire us - as its the only way they will be able to provide true terrestrial service to the U.S. market. That would result in a major bloodbath (we all saw what happened when Elon acquired X). Doubt it would make financial sense, but SpaceX can easily raise the $ and they are looking deep into the future.
Can someone please talk me off this cliff?
Hearing whispers of a good sized acquisition that might be finalized soon.
Anyone else?