#acquisition

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Layoffs will be brutal

If you think we're paying for the acquisition any way other than layoffs, you haven't been paying attention. What's the easiest way to cut costs? Layoffs. What has this company done every time it needed to save money, especially more recently? Layoffs. More of the same is coming.


Electronic Arts Starts Staff Reductions

Electronic Arts has begun informing staff of layoffs. Industry analyst Destin Legarie reported the initial round may be small. More job cuts are anticipated across multiple divisions. This follows EA's recent $55 billion acquisition by an investor consortium. The company aims for a leaner, more efficient structure.

https://gamingbolt.com/ea-has-started-informing-staff-of-layoffs-will-affect-multiple-divisions-rumor


Asensus Surgical Announces 108 Job Cuts

Asensus Surgical is a firm located in Morrisville. The company plans to lay off 108 employees. It operates as a medical device company. These layoffs follow a prior acquisition. A German firm acquired Asensus Surgical two years ago.

Morrisville, NC

https://www.bizjournals.com/triangle/news/2026/06/19/asensus-surgical-layoffs-karl-storz.html


Guyana June Production declining looks like sub 999,999 bopd

Guyana the poster child for operational excellence is starting to show some signs of depletion and sand/water production. Maintaining an FPSO above 260,000 bopd for over 6 months is looking like an improbability. By September Exxon will have to purchase another company with substantial production and reserves. Who do you expect it to be?


ATS: Unqualified to lead pilots

Somehow, political maneuvering was allowed to empower ATS to fully control all technology pilots in S&T. They, and CTV sitting on the same floor, don't know their a-s from a hole in the ground, trusting vendors at their word and using CoPilot to analyze the basic things that the COE knows like the back of their hand. Acquisition mistakes during piloting are happening that are hugely embarrassing because they never took a basic instrumentation 101 and their repeated asks of CoPilot for everything fail to ask for reviews of pilot acquisition details carefully. You cannot run a company by aborting your top intellect for CoPilot and hording the work all for yourself. Abort ATS and CTV and empowering COE in a meaningful way will save Chevron S&T, or a massive redesign is needed.


BlackRock Cuts 200 Roles in Latest Staff Reduction

BlackRock Inc. reduced its workforce by nearly 200 people. This reduction impacts less than one percent of its global staff. CEO Larry Fink prefers ongoing, smaller workforce adjustments. This represents the fourth reduction in staff over 18 months. The company is reorganizing after years of growth and acquisitions.

https://finance.yahoo.com/markets/stocks/articles/blk-stock-blackrock-reportedly-cuts-002716602.html


No recognition

I have recently been in my position 20 years. Know what I got for it? A hat? NO A pen? NO A nice email of congratulations? Nope. Nothing, nada, zilch. That's how everyone should know that OT is in such bad financial shape that they cannot properly recognize service. I mean, how broke do we have to be that I can't even get some stupid points to buy some $50 piece of cr-p item? And if it's not being broke but just being total pieces of cr-p unwilling to honor loyal service over the years, that's worse....maybe it's because I came from an acquisition? Oh wait, we all did....


'Same Old Playbook, Empty Billionaire Promises'

Marvel hero "Hulk" Mark Ruffalo, a frequent advocate for social issues, recently voiced strong criticism regarding the proposed acquisition of Warner Bros. Discovery by what the article refers to as "Paramount Skydance Pictures." In February, he slammed Oscar-winning director James Cameron for his "double standard" in supporting the merger. Just days ago, Ruffalo also joined over 3,000 Hollywood professionals in signing a petition to oppose the acquisition.

https://www.toy-people.com/en/?p=109246


Layoffs are coming

Every acquisition brings layoffs, but this will be bad. Usually it's the acquired company that gets the brunt of it, but I wouldn't be surprised at all if this is used to get rid of as many people as possible on both sides under the cover of supposed redundancy. Prepare yourselves. This will not be pretty.


Woodside taken to the Woodshed

Woodside employees are freaking out the their nice supportive environment and prospects are going to be severely impacted and if the XoM deal goes through substantial cultural adjustments will need to be made. Most Woodside employees not ready for the treacherous work environment at XOM Spring campus. HR hosting a teddy bear 🧸 and blanky crying session next week.


Friendly reminder our execs dump those shares like hot potatoes

This is all public information.

With the exception of Bob Hopkins, our execs effectively get their RSUs or performance rewards, then sell that sh*t as soon as it vests.

Forms indicating an (A) are the acquisition of shares, and in this small sample, the details in the forms shows you it's only ever receiving RSUs, or performance rewards.

The rest and vast majority of the forms are (D) disposal of these shares, and if you read the detail, they are dumping that sh_t as soon as they possibly can. All of the people below are regularly dumping their sh_t. These are not the actions of execs confident in this company. They know this ship is sinking and they're in on the grift.

Skip
https://www.sec.gov/edgar/browse/?CIK=0001708062

Goff:
https://www.sec.gov/edgar/browse/?CIK=0001560409

Bob H:
https://www.sec.gov/edgar/browse/?CIK=25200002114165

Marinaro:
https://www.sec.gov/edgar/browse/?CIK=0001984186

Matt Walter:
https://www.sec.gov/edgar/browse/?CIK=0002028475

Do your own research at SEC's Edgar site.

Fun bonus fact: they all have important ownership stakes in MiniMed. Funny that.


XOM Permian Problems.

It’s now evident that the XOM’s Permian factory has reached an inflection point and starting to experience technical and operational challenges. Please share your experiences and potential outcomes.

Will XOM make another purchase? Who and when? Certainly missed the last opportunity and now candidate companies are overvalued by +66%.

How long will XOM maintain a +22 rig line? It’s cheaper to buy production then it is to develop your own acreage.


UBS Plans 65 Layoffs in Weehawken

UBS Financial Services will lay off 65 employees. These job cuts are scheduled for August 26. The affected office is in Weehawken, New Jersey. This marks the second layoff notice from UBS this year. The reductions follow the company's 2024 acquisition of Credit Suisse.

Weehawken, New Jersey

https://www.nj.com/hudson/2026/06/financial-giant-plans-168-nj-layoffs-after-blockbuster-acquisition.html


WBD have eaten Stankey's lunch!

Yes, that's right. Stankey & Stephensen paid top dollar to acquire Warner Media, then sell it to Zaslov @ WBD for pennies on the dollar, then WBD is acquired for more than at&t purchase price. You can't make this stuff up, Stankey is the laughing stock of the business world. AT&T total debt is at $136B, that's billion with a B!


North Sea UK assets on sale and no takers

BP has finally realized that the UK North Sea sector is unsustainable and needs to divested and/or decommissioned. UK taxation authorities have made investment and upkeep untenable with a 78% tax rate. The asset condition are atrocious and will negatively impact BP permit to operate.
BP needs to to leave the UK while its easy.


Reyes Beverage Acquires RNDC Phoenix Site, Layoffs Notified

Reyes Beverage Company acquired assets from Republic National Distribution Company. This deal included RNDC's Phoenix distribution facility. Reyes acquired the Phoenix facility on June 2 for $42.6 million. RNDC previously filed a notice of potential layoffs. This notice affected 211 jobs at the Phoenix warehouse.

Phoenix, Arizona

https://www.abc15.com/news/business/reyes-beverage-buys-phoenix-distribution-facility-where-layoffs-were-announced


Capital One Cuts Jobs Amid Discover Acquisition

Capital One is cutting nearly 300 jobs. These reductions are part of its acquisition of Discover Financial Services. The acquisition is valued at $50 billion. This marks the fourth round of layoffs. The job cuts are linked to the Discover deal.

https://www.chicagobusiness.com/banking-finance/ccb-capital-one-discover-job-cuts-20260605/


ESPN plans new layoffs after NFL Network deal

ESPN expects another round of layoffs. This follows its recent acquisition of NFL Network. The NFL gained a 10-percent interest in ESPN in the deal. The NFL Network purchase is a major factor in these upcoming job cuts. Both off-air and on-air employees are expected to be affected.

https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/report-nfl-network-acquisition-will-spark-more-espn-layoffs