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Seattle Met magazine is under new ownership. Hour Media acquired its parent company, SagaCity Media. SagaCity Media sold its publications for $1.6 million in March. The company had faced financial difficulties and entered receivership. Layoffs have started at Seattle Met, affecting several editorial staff.
Seattle, Washington
https://mynorthwest.com/local/seattle-met-magazine-layoffs/4225310
IGT announced global layoffs affecting 700 workers last month. This reduction represents about 10 percent of its worldwide workforce. The company stated the cuts align resources with business priorities. Analysts attribute the downsizing primarily to the IGT and Everi Holdings merger. The merger and subsequent acquisition by Apollo Global Management created position overlaps.
Las Vegas, Nevada
https://www.reviewjournal.com/business/casinos-gaming/analysts-too-early-to-tell-how-layoffs-will-affect-igt-in-nevada-3733389/
E. & J. Gallo Winery acquired Four Roses bourbon in a significant industry move. The deal is reportedly valued at up to $775 million. This acquisition follows recent layoffs and facility closures by the Modesto-based company. Gallo aims to diversify its portfolio as American wine consumption declines. The bourbon brand was purchased from Japanese firm Kirin Holdings.
Modesto, California
https://nypost.com/2026/04/05/business/california-winery-gallo-finalizes-purchase-of-four-roses-bourbon/
Looks like SBA is beating Crown to the punch by exploring a sale.
Summit Beverage is acquiring Hayden Beverage Company's Montana assets. This acquisition will result in layoffs for Hayden Beverage's Montana employees. Approximately 120 employees in Montana are affected by these job cuts. Affected staff will receive severance packages, including one month's pay.
Missoula, Montana
https://nbcmontana.com/news/local/summit-to-acquire-haydens-montana-assets-as-layoffs-loom
Legal hold tech and ADM are going go next. SMBC will be last as it needs a major player to buy it
Anyone want to take a guess at who will take control after the company is run into the ground?
The options language for E1s and above say a “change in ownership or Control” would trigger all unvested RSUs to vest so you don’t have to wait the continuous 3 years cycles for all your options to vest.
Did that actually happen with the sale?
Name to watch
August 31st.
FIS either realized their mistake in record time, or need additional time to line up a buyer.
https://finance.yahoo.com/sectors/technology/articles/ibm-announces-strategic-collaboration-arm-040100144.html
This is far more strategic than first appears as it gives Enterprise customers options while feeding IBM’s strategy of buying SW innovations.
Hour Media acquired SagaCity Media, a regional publishing group. The purchase price for SagaCity Media was $1.6 million. Layoff notices were sent to employees, including Portland Monthly staff. Net proceeds from the sale will go to First Fed due to SagaCity's $2.6 million debt. A court-appointed receiver oversaw the purchase agreement.
https://www.oregonlive.com/portland/2026/04/layoffs-hit-trend-setting-portland-magazine-as-regional-publishing-group-sold-for-16m.html
Circle City Broadcasting completed its acquisition of WRTV on March 31. The company subsequently laid off a significant portion of the station's staff. Several WRTV reporters confirmed their last day was March 31 via social media posts. Circle City Broadcasting now owns three Indianapolis-area news stations. The Federal Communications Commission approved this acquisition despite typical ownership regulations.
Indianapolis, Indiana
https://www.indystar.com/story/news/2026/04/01/wrtv-reporters-laid-off-after-circle-city-broadcasting-buys-indianapolis-station/89416536007/
Can anyone share/confirm what total management headcount are we sitting at after Nov impact and frontier acquisition?
Just like Umbro, Cole Haan, and Hurley. Converse will be sold.
Buckle up! Now tell us Frontier’s clan didn’t come over for any other reason but to help secure the sale. The writing has been on the wall.
“One source told the publication that T-Mobile (TMUS) and TPG could be partnering for an offer for the entire company, according to the report.”
www.msn.com/en-us/money/companies/uniti-group-jumps-amid-report-tpg-t-mobile-looking-at-assets/ar-AA1ZQk1g
AMD says it will buy Intel, completing the strangest reversal in chip history
https://www.techspot.com/news/111906-amd-buy-intel-completing-strangest-reversal-chip-history.html
https://wwd.com/footwear-news/shoe-industry-news/sneaker-allbirds-missteps-expansion-stores-acquisition-1238694185/
Maybe its a culture change. Every Sun employee who was not be retained by Oracle received a live phone call from the direct manager. "Oracle will not be offering you a job". Then you received correspondence about the separation arrangements, which, for directors and V.P.s were consistent with the "change in control" provisions. Maybe the numbers here made personal calls difficult, but feels pretty cold.
Pro Football Focus implemented mass layoffs. This occurred after selling its data and analytics platform. Teamworks acquired PFF's enterprise business in a reported nine-figure deal. Many content creation employees confirmed their dismissal on social media. Cris Collinsworth will remain involved with PFF as a Teamworks shareholder.
https://thespun.com/nfl/layoffs-hit-cris-collinsworths-company-after-100-million-deal
South Congress Hotel is preparing for a temporary closure. The hotel will undergo renovations. It sent termination letters to many employees. Dozens of staff members are affected by these layoffs. This action follows a Hyatt acquisition.
Austin, Texas
https://www.bizjournals.com/austin/news/2026/03/31/south-congress-hotel-layoffs-hyatt.html
With stock price halved, Kyndryl is a very attractive options for Private Equities and India IT chop shops that would love to have the sticky managed services clients. What are your thoughts?
All hardware development is in the works of being moved to India. Sites such as Tullahoma will be reduced to near minimum manning and all devices will be developed in India entirely.
Louie’s first order of business is to unwind the purchase of Lexmark so that Lexmark can go on to have a great and successful history and not one that was ruined by Xerox.
West Michigan experienced a significant increase in layoffs during 2025. Over 2,500 workers lost jobs, with 1,918 reported via WARN notices. This represents a 78% rise in WARN layoffs compared to 2024. Experts predict more layoffs for the region in 2026. Acquisitions and the end of "labor hoarding" are contributing factors.
https://www.woodtv.com/news/michigan/w-mi-saw-most-layoffs-since-pandemic-in-2025-as-statewide-numbers-decreased/
Di-k's Sporting Goods has started layoffs at Foot Locker. This occurs nearly a year after its acquisition of the retailer. Unnamed sources confirmed the news to Footwear News. Some employees were asked to return to office or relocate. Redundancies were expected following the merger.
https://fashionunited.in/news/business/di-ks-sporting-goods-initiates-layoffs-at-foot-locker/2026033053835
Looks like Truist Financial Corporation is gonna get scooped up by Citigroup later this year. Bill and the execs will ride off into the sunset laughing their tails off at us with a massive windfall. The rest of us? We’ll be lucky just to hang onto our jobs. Massive layoffs feel inevitable. And yeah, from what I’ve heard, the employee culture at Citi su-ks ba--s.
If accurate there is a Big Payday headed for Bill and crew. It has just been leaked that Citi corp is considering buying Truist or PNC. My money is on Truist at a discount. Of course, executive leadership will be well compensated. That is not likely the case for the remainder of Bill’s “teammates.”
Bloomberg posted a story that citi execs are contemplating ways to grow deposits domestically through regional bank acquisitions. USB and TFc in play.
And yes. Aware that C “dismissed the baseless speculation “
How many operating council members and other “paper tiger” execs survive? Shouldn’t take long to figure out the incompetence.
Boeing's return to Wichita offers job stability for many production workers. However, Spirit AeroSystems management roles may face layoffs or relocation. Economists note that Wichita's lower labor costs could attract more Boeing production. This could boost manufacturing jobs in the region. The city currently faces a challenge in finding enough workers to fill potential new positions.
Wichita, Kansas
https://www.kwch.com/2025/12/08/boeings-return-wichita-brings-job-stability-layoffs-possible-some-workers/
The articles that just came out about the rumors of Citi seeking to acquire a regional bank speculate about PNC and Truist but it will be USB. The McKinsey mafia will ensure Kedia has a role at the combined organization.
Another 52 week low with the stock today and has fallen under major support
If it continues to fall then it very likely PE take over, strip the company to bare bones and break it up for parts
See if people get let go ……..
NCR Voyix has agreed to sell its bank technology solutions business in Japan to local IT services provider NTT Data.
The transaction is expected to close "by the end of 2026", according to NCR Voyix, while financial terms have not been disclosed.
The business operates under the brand name NCR Commerce Japan and specialises in foreign exchange, lending, call centre, video teller, and network solutions for financial institutions.
Much like when First Data came in, why hasn't anyone else scooped in to take over and acquire the client base? Only thing of value are the customers we still have.
Seems the place is ripe for the taking.
I’m shocked that they just bought another company when they have said publicly many times they will stop for a while (they just bought a new one last week)
How is the ceo able to say one thing in earnings and within a month do the opposite
Summit Funding is laying off 163 employees. These layoffs are effective May 17. The reason for these terminations is the company's pending sale to CrossCountry Mortgage. Affected staff may receive separate job offers from the purchasing entity. Summit Funding's Sacramento headquarters will not close.
Sacramento, California
https://www.housingwire.com/articles/summit-warn-notice-layoffs/
Many investors want to exit their positions in FIS, but most of them are currently down by 30% to 50%, and some even by 70%. Because of these heavy losses, they are unwilling to sell at this point. What investors really want is either a strong turnaround in the company’s performance that drives the stock price up, or for FIS to be acquired by a major industry player so they can recover some value.
However, FIS has a very large workforce, and no major company is interested in acquiring such a high‑headcount organization. As a result, FIS has begun outsourcing and laying off employees to significantly reduce its full‑time workforce—potentially by up to 50% compared to today. This process is expected to continue through the end of the year. Once the company becomes leaner and more cost‑efficient, a sale becomes more likely
https://intellectia.ai/news/stock/investigation-into-ncr-atleos-acquisition
Bo-m! Studios announced a major organizational restructuring. This integration places many Bo-m functions under Random House Worlds. The changes resulted in layoffs for some personnel. Key roles like publishing, operations, and business planning are now within the larger group. This follows Bo-m's acquisition by Penguin Random House two years prior.
https://www.comicsbeat.com/bo-m-restructures-under-prh-including-layoffs/