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How many employees did Basking Ridge office have before Nov 20th layoff?
According to AI, it houses 6000 people. What percentage of the total is the 1319 people they laid-off?
Just wondering, because I read about a WARN Notice investigation online.
https://straussborrelli.com/2025/11/25/verizon-new-jersey-warn-act-investigation/
https://www.malaysiasun.com/news/278725881/india-inc-sees-governance-as-top-priority-for-scaling-ai-infrastructure-ibm-study
"AI" mentioned 16 times in this 'article', it's like a "School Assignment" IBM puff piece
I am not trolling- this is useful:
https://ReplaceYourBoss.ai
It’s all offshoring. Or, in some cases, cutting roles that are just gone forever while dumping the workload on fewer and fewer people. I really wish they’d stop excusing profit-maximizing cuts and offshoring by slapping an AI label on everything. It feels like gaslighting at the highest level.
Cigna has introduced Clearity, a new copay-only health plan designed to eliminate deductibles and coinsurance while giving members upfront prices and simpler navigation. The plan uses Cigna’s new AI tools to help users check coverage, estimate costs, and find care with verified reviews and transparent copay information.
Clearity offers five plan designs with tiered in-network copays and one out-of-network tier, all built on the Open Access Plus network to avoid narrowing access. Cigna says the model is meant to address consumer frustration with unpredictable bills and complex benefits, offering employers a more predictable option for workers who skip care due to high deductibles.
The plan pairs Cigna’s AI-powered virtual assistant, already in use for claims, benefits questions, and provider search, with natural-language “find care” tools that surface total out-of-pocket costs before the visit. Cigna positions Clearity as a simpler, more transparent alternative for consumers who want upfront pricing and fewer barriers to care.
“By combining our latest AI technology with simplified, transparent costs, we are helping employers offer innovative solutions that meet the diverse needs of their workforce. Clearity by Cigna Healthcare is more than a health plan – it’s a simpler, more predictable way for customers to get the health care they need.” – Eva Borden, chief product officer of Cigna Healthcare’s U.S. Employer business.
“We designed the Clearity plan to support a wide range of people who are looking for a simpler health insurance experience. From tech-savvy employees and healthy individuals who prefer pay-as-you-go options to those who may skip care due to high deductibles and financial barriers, Clearity by Cigna Healthcare offers a better path to care.” – Erin Lenox, president of national accounts for Cigna Healthcare’s U.S. Employer business.
https://coverager.com/cigna-launches-new-ai-powered-medical-plan/
I’ve worked for this company for many years. Loved my job, in fact. But since they’ve become he-l-bound on implementing AI, this whole company, their company values and all the processes that used to work so well have gone straight to he-l! The new systems do not work correctly. Employees that have given so much to ensure the absolute best quality and performance for this company and our customers are put on CAPs, due to the ones making millions choosing systems that do not work, and we get the blame. These overpaid fools couldn’t do these jobs to save their greedy souls! I am so ashamed to even work here now and am looking forward to getting out.
The company isn’t ruling out additional reductions across different functions over the next two years as it ramps up usage of the technology, according to people familiar with the matter. McKinsey is also closely assessing what tasks can be carried out by AI, the people said, declining to be identified as the details are private.
https://www.ndtvprofit.com/business/mckinsey-cuts-about-200-tech-jobs-shifts-more-roles-to-ai
https://www.freepressjournal.in/tech/nasscom-foundation-and-ibm-partner-to-skill-87000-underserved-youth
A.I. saves money. Hourly rates are lower.
Oracle made $125M on $900M worth of rev from renting out data centers powered by Nvidia GPUs... this works out to a 14% profit margin. That’s a sh---y profit margin in a normal business, it’s VERY modest in a highly volatile industry like this one. It’s much smaller than the roughly 70% gross margin Oracle gets on non-AI services…
HP Inc. (HPQ) reported fiscal fourth quarter earnings results after the close on Tuesday, which topped Wall Street estimates on both the top and bottom lines. The company also announced it is pursuing new AI initiatives, which include reducing "gross global headcount by approximately 4,000-6,000 employees."
https://www.thelayoff.com/t/1kaqkpf2t
https://www.forbes.com/sites/johnkoetsier/2025/11/24/in-the-future-well-all-be-bosses-and-have-100-artificial-assistants/
In the very near future, we’ll all be bosses, and we’ll have our own customized teams of AI agents automating processes that we manage, allowing us to accomplish much more than we currently personally do. At least, that’s the vision from OpenText, an information management company that claims 99 of the largest 100 companies on the planet as customers.
“There will be hundreds and perhaps thousands of bots being created by everybody in this audience,” chairman and chief strategy officer Tom Jenkins said at the company’s conference in Nashville last week. "Everyone is going to be building their own little AIs.”
Couple things
https://www.thelayoff.com/t/1kaqkpf2t
Is AI determined who to lay off now?
Heard some rumors that another round of "restructuring" is happening before the end of the year for the KC teams
Apparently our wonderfully absent tech leader feels that "AI will make our delivery teams obsolete"
Isn't it just pathetic that anything they ever mention in these town hall meetings is AI? Who cares about AI and their silly agents. FIS dropped 24% in 12 months, they are doing massive RIFs, morale is very very low and all they can do is wear silly hats and talk about AI.
It’d be great to see the real numbers. Anyone who’s actually used AI knows it’s nowhere near reliable enough to replace human work outright. And yet we keep hearing that “AI-driven layoffs” are the future, when most reports say many of those jobs aren’t being replaced at all, or they’re being sent offshore. It feels like nothing more than old-school cost cutting dressed up as innovation. At the end of the day, it’s plain greed and leadership completely out of touch with the people who actually keep the place running.
Is anyone left? #robocollege
https://www.investing.com/news/transcripts/earnings-call-transcript-phoenix-education-partners-reports-q4-2025-growth-stock-dips-93CH-4371849
Profits Over People
https://www.investing.com/news/transcripts/earnings-call-transcript-phoenix-education-partners-reports-q4-2025-growth-stock-dips-93CH-4371849
It's not fun whatsoever to watch coworkers, friends and/or family loose their livelihood. I know many at Verizon who've been going thru this round of layoffs turmoil, and amongst them some who lost their jobs. It's very hard watching people you know suffer, however it is a reality of working at large corporations.
Honestly, it's something you inadvertently sign up for when you take a corporate position, especially in the Telecommunications industry which has regularly had staff cutbacks for nearly ~45 years beginning with the breakup the AT&T Bell System in 1982.
I've worked in Telecom (AT&T, Verizon, Virgin Mobile, Sprint, T-Mobile and Boost) since the mid-1980's and have been thru major rounds of layoffs literally dozens of times (impacted 1 time personally when AT&T shut down their entire Consumer Business in 2003) so I can certainly emphasize with others enduring the same.
This could well be Verizon's "new norm" going forward (also Telcom & Corp America) with AI, automation and operational changes significantly take hold.
P.s., I've previously worked closely with Verizon's CEO, Dan Schulman at AT&T and Virgin Mobile over the years. He's a good Executive doing what's necessary to right Verizon's lagging performance.
It was a privilege to host Bridget Engle, in Charlotte for a deep dive into our technology strategy and execution.
I was incredibly proud to see our teams demonstrate how they are turning that strategy into reality. From Al-driven (All Indian Driven) automation to engineering next-generation payment platforms, the focus was squarely on impact - delivering powerful, secure solutions that create real-world value for our customers.
These sessions are vital. They connect our enterprise vision directly to the teams on the ground and reinforce our shared commitment to solving complex problems that will advance the future of finance.
At Wells Fargo, we are dedicated to leading that charge. It's our people who are making it happen.
AI is a bubble. Will Cisco ride that wave to 100?
Thoughts?
The Fed, AI; and the (Real) U.S. economy -
In this U.S. economy.
A spending spree (most likely) will (not) happen.
Lowering Interest rates in a Major Recession (type) of environment for now, but reality mid-2026; which I still project (if current trends continue).
In fact, it takes Fixed Income Interest gains (out) of the U.S. economy.
Won't matter, the Unemployment rate will continue to rise into 2026.
Several factors have (and are) contributing, Trump tariffs; AI, pandemic overstaffing; and High Inflation for the U.S. consumer.
There are positives to AI, but the Negatives are -
Replacement of entry-level white-collar jobs (taking away opportunities) less employees means less Tax revenue paid, and Increasing utility prices (electricity) due to Increased strain on the power grid by AI data centers.
The U.S. National debt (currently) stands at $38.2 Trillion (exponentially rising over time) with Interest paid of $969.0 Billion a year (almost a Trillion a year) by U.S. Taxpayers (not AI) to outside Investors (U.S. based, Japan, China; etc.) who finance it over time.
These are the facts.
If the AI hype has already peaked, does that mean Dell backed the wrong horse?
Does this mean MD might finally show JC the door for failing?
And what does all of this mean for the rest of Dell?”
Believe I read that we have/had 40 projects in the pipeline. Any idea of the status and if any have been implemented? Looked at the Verizon board yesterday and the blood bath was scary. Will those projects cause the same thing here or will we continue with the slower Chinese water torture.
It is truly amazing how fast the market may have gone from:
Yay, greatly reduced costs from layoffs of aging workers and huge new CAPEX to enter the shiny new field of AI
to:
Wow, you released many loyal and very knowledgeable workers because you thought AI would capably take up their workload? Who do you think generates the knowledge where AI extracts it supposed intelligence from?
Also, dilution and especially debt is favorable, and oh my, a lot of debt is very bad. If that debt is going to generate low margin revenue, you really have to wonder what management was thinking.
Don't even get me started discussing whether Open AI is going to generate enough revenue to fulfill their contractual obligations.
ORCL was last in double digits in Dec 2023, but we could be headed back there very soon in my opinion.
Unemployment rate is already 4.4% and climbing to numbers we've seen during Covid. If AI is about to replace us, who's going to buy services and products from Dell? Mostly corporate customers use Dell, and they are going to be hit hard by bubble bursting... hold your hats, we are going to have a crazy ride in 2026
If AT&T wants to push AI so hard, all they need to do is run a basic Google search for “AT&T Su-ks.” Then they can use agents to run sentiment analysis on everything from all the interwebs. There’s even a Facebook page some built called AT&T Su-ks.
In a matter of seconds, John Stankey will be able to see, even without using AI, that Customers are most frustrated with network speed, stability, lack of being able to reach a US-based human agent to resolve billing issues and broken promotion promises, among others.
Go ahead, give it a whirl - especially if you work for J.D. Power & Associates.
That “Fireside Chat” today was beyond corny and completely useless. I’m sure the 1933 evening radio programs were much more informative and reassuring to the American people. Totally scripted questions which were rehearsed, regurgitated answers that could be found in previous emails and the FAQ website, beating around the bush & stalling on important issues that will need to be addressed pronto, communication is not tailored to specific departments, i.e. using a one-size-fits-all approach is not effective. For example, I don’t travel, so I don’t care how I access files when I’m in an airport. Of course, the collaboration, security, and AI rationale was propagated instead of being frank and stating that it’s a cost-cutting measure. No, you are not getting a Chromebook immediately, so stop asking. Yes, we know Early Adopters begin December 8th and everybody else mid-February. What will you need to do if use complex tools? They’ll “figure it out” later on, aka you’ll need to rebuild everything from scratch and make some sacrifices along the way.
Buckle up, it’s about to get brutal.
T-Mobile announces 15 minute switching from other carriers by using AI.
On the dais are Srini and Katz.
From Insider Trading reports...Michael Katz sold 2,500 shares of the firm's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company's stock, valued at approximately $33,725,789.73.
Nothing criminal about an insider dumping stock prior to a "major" announcement, is there?
He's back baby
Verizon has not released a specific public list of the exact store locations involved in the single closure or the 179 conversions. The announcement focuses on the aggregate numbers rather than individual addresses. Reports indicate the targeted stores are likely "underperforming" or less profitable locations, but details on which ones remain undisclosed as of today. Employees at affected sites are reportedly being notified directly, and Verizon has established a $20 million career transition fund to support laid-off workers with AI-related reskilling.
https://fortune.com/2025/11/19/google-ceo-sundar-pichai-says-ai-can-do-his-job/
With companies like IBM laying off thousands —
Microsoft laid off 9,000, Amazon ousted 14,000,
Accenture about 11,000 — it might be time to
seriously consider the future of this
displacement.
We won't be holding our breath.
https://www.bgr.com/2025199/ibm-tried-replace-workforce-ai/
Anyone versed in artificial intelligence can fairly easily train AI to create power point slides, Excel spreadsheet s, create budgets, and even sit in on meeting calls take notes and parrot back to worker bees.
The real work is done by these so called "leader's" staff.
What say you; are you in agreement?
Will AI qualify as an external event is the question. If so, expect large surpluses in q1 or q2 in 2026.
If you want an idea of how well of a job AI will do, look what it did to ACSS. It took an already terrible system and managed to make it worse. The loading/buffering is unbelievable. A parent AYS ticket has been open for 3 months with no resolution. Hundreds of comments on the Impact Zone post.
what is happening with the AI factories folks? Is the AI bubble unravelling or it is only Dell which is suffering? Thankfully I am away from the AI bubble which soon I expect to turn into doom and gloom. Time to park all your AI investments (incl. NVIDIA) into money market. Sell everything!