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AI is a long ways out...

If you've tried automating or using AI for this company you will know just how painful it is to try and push innovation. Multiple tiers of leadership, so many boundaries to break down, etc. Etc.

I find it funny that the company is choosing to use AI and technology advances as the message for headcount reduction. In my experience those outsourcing moves just adds to the body count while doing nothing to automate. There is no future in technology for this company because it continues to distance itself from the people who can offer those options. I have been pushing a solution that would reduce two entire departments, instead or pursing they just keep adding bodies to the BSC's.

XOM will be left in the dust by its competitors as they choose to advance technology while XOM looks to outsource and reduce its expertise.

Watch and see.

#AI #Outsourcing #Layoffs #Leadership #Innovation

Help with Results Call

Hi its Rual, i have to present another bad set of results on the 30th please can you help me with some excuses. I have the standard ones like were growing the business, more new managers appointed, more cuts, and i will throw in AI. If you can help please post your ideas, i need to get trick the analyst again.

#EarningsCall #Cuts #Executives #AI

Pittsburgh no longer considered a growth location

Lake Mary is the "new" flavor-of-the-day/week/month/year. Reqs are Pune-only in Pittsburgh, AI is being shoved down our throats, Pune is taking over, and teams are actively training their eventual replacements in India. The big, tall building in Pittsburgh has very large pockets of empty floors/departments and the move to the much, much smaller building across the street is on-going.

AI, layoffs, and outsourcing to India: trending high. Lake Mary- the "new" growth location in the US.

25 percent forced rankings and many layoffs coming.

#Pittsburgh #ForcedRanking #Outsourcing #AI #Relocation

People thinking AI can replace customer service are wrong

Have you ever actually tried to solve a real issue as a customer through AI? It’s ten times worse than dealing with the worst, least-trained human rep. Lately, companies have been using AI mostly as a convenient excuse to cut staff and replace them with cheap offshore labor. It’s more about offshoring than real automation. We’re nowhere near the point where AI can handle large-scale customer service effectively.

#CustomerService #AI #Outsourcing

AI and Layoffs

"Despite India layoffs, Oracle co-founder says AI will 'enhance capabilities, not replace' humans"

read the headlines ...

Tell that to all those untimely ripped from their jobs... They sure feel replaced, rejected and condemned!

#AI #AILayoffs #Layoffs #India

OCI AI Company, pure marketing

That’s interesting is that Oracle now brands itself as “OCI AI Infrastructure” and calls itself a “real AI company.”
But Oracle has no proprietary AI models (unlike Meta, Google, or Microsoft) and no in-house chips (Meta has, Microsoft soon will, Google and AWS already do).
So Oracle is effectively a reseller of other companies’ hardware and models, with much thinner margins.
How can a firm like that credibly call itself an AI company? Pure marketing.

#AI #Reseller #Marketing #Strategy #Profitability

BNY and so called AI growth- Emperor is not wearing anything!

Robin and his toadies are telling the finance media a lot of fanciful stories on AI growth acceleration:

BNY now has 117 AI solutions in production, a 75% increase versus the prior quarter, including digital agents for payment validation and code repair. The company sees AI as a key enabler of efficiency and service innovation, with further benefits expected as adoption broadens

What in the world are these? They certainly aren’t applications. They are likely edits and mysource data content generators. But 117? Why is it that we the indentured ‘serfs’ working on Robin’s plantation never see or hear what these are? I go to all the town halls and product launch meetings ad nauseum and I never hear of this. Why do we find this out by reading Wall street journal and Bloomberg and not internally???

Not to mention they ‘imply’ or try to lead you to believe that AI is helping drive client growth:

Client activity and market trends: Higher client balances, robust trading, and increased ETF and private market flows

That’s just Jim Dandy, but it has more to do with the Government making market conditions way more favorable. BNY is just getting the benefit in spite of itself. And…. If you really take this apart, there is no increase in AUM! We are not winning major new business.

That’s the story and it’s why the market community is not responding with cheers. Investors are catching on to what this company and its shell game board of directors are really doing…. And what BNY is outright lying about!

#AI #InvestorRelations #Communication #WallStreet

AI Hiring Freeze

https://www.cnbc.com/amp/2025/10/15/jpmorgan-chase-goldman-sachs-ai-hiring.html

JPMorgan said Tuesday in its third-quarter earnings report that while profit jumped 12% from a year earlier to $14.4 billion, head count rose by just 1%.

The bank's managers have been told to avoid hiring people as JPMorgan deploys AI across its businesses, CFO Jeremy Barnum told analysts.

#AI #HiringFreeze #Automation

When will the AI circlej--kend?

I'm actually pretty shocked at how pervasive AI has become in every aspect of the company. From engineering to design to mail to people making their own agents, etc. It seems like we're just throwing money at the bubble and it hasn't yet resulted in any savings, just expenditure (Cursor, for one)
I use Cursor daily in my role and the amount of times I have to fix code or re-prompt something because it over-engineered something it got it entirely wrong is way too high.

#AI #GenerativeAI #MachineTools #Environment #Culture

2026 Restructuring Plan are “Implied Layoffs: ~10,000 – 20,000 employees

fun fun......

Restructuring Budget (FY 2026): Up to $1.6 billion
Implied Layoffs: ~10,000 – 20,000 employees (depending on mix of roles and regions)
Early FY 2026 confirmed layoffs: ≈ 3,000 – 5,000 publicly reported so far

Remaining reductions likely spread through late 2025 and 2026 as part of Oracle’s AI-driven reorganization and cost optimization efforts.

#Restructuring #Layoff #Layoffs #Cuts #AI

It's not that bad at all...

But only if you are in AI. Dell’s basically shifting from PCs to an AI server growth story... Aiming for $20B++++ in AI server sales this year... plus services and financing in the mix so it looks good as a plan... I'd buy the stock but I am unsure if I want to continue working here since what I do does not benefit from most of this. We'll see how things play out but I think that stock $$$ will keep going up. Not a financial advisor and I typically fu-k up my predictions tho.

#AI #Strategy #Stock

Q3 Earnings Report: Record Profits, Reduced People, and AI-Assisted Gaslighting

We are proud to announce third consecutive quarter of record-breaking profits, achieved through a bold trifecta of financial wizardry, workforce shrinkage, and algorithmic optimism.

While revenue soared thanks to strategic offshoring and the deployment of Eliza™, our AI-powered job shrinker, we also successfully identified 25% of employees as suddenly “non-performing,” despite their actual performance. Truly remarkable!

As a result, we are thrilled to reward our top talent with a generous 0 to 1% merit increase. That’s nearly enough to cover one Starbucks™ venti and a half tank of gas—if you drive a scooter— and you drink free coffee!

The firm attributes its success to:

• Eliza™: Our AI chatbot trained on 1990s legacy system coding and HR performance feedback communications (oh wait, what HR communications?)

Eliza now handles 80% of client interactions and 100% of employee feedback loops. She’s programmed to say “I hear you” while flagging your sentiment as a compliance risk.

• Force Ranking 2.0: Inspired by medieval jousting, our new performance system pits employees against each other in a Hunger Games-style meritocracy. Winners get a 1% raise; losers get a “growth opportunity” as future Wal-Mart™ greeters.

• Leadership Transparency: Our executives remain committed to open communication, as long as it’s pre-recorded, legally vetted, and delivered with a catchy British accent. When asked about the disconnect between profits and pay, one EC member replied, “We’re not shrinking the pie—we’re just slicing it with AI precision to help our associates.”

Analysts speculate that the profits may stem from a combination of deferred (no longer available) severance packages, strategic ambiguity, and a new revenue stream called “Emotional Tolling,” where employees pay to access their own feedback.

In Q4, BNY plans to expand its “People Optimization” initiative, which includes:

• Replacing exit interviews with $5 off Subway™ coupons when ordered online in the app
• Offering stock options in the form of NFTs shaped like pie charts (if Goldman Sachs CEO "DJ D-Sol" - David Solomon approves)
• Launching a new internal podcast: “You’re Not Fired, You’re Just Misaligned”

In summary, BNY’s record profits prove that when you cut enough people and obscure enough truth, even the balance sheet starts to believe the story. How's that for AI/ML! After all, nothing says ‘transparency’ like a frosted glass conference room where decisions are made by people you’ll never meet, about jobs you no longer have.

#Layoffs #Profit #AI #Gaslighting

Hock Tan on Jim Cramer

Segment 2: Broadcom x OpenAI and the AI capacity race

JIM CRAMER: We are here with Hock Tan, CEO of Broadcom. Stock is up nearly 10 percent on a big OpenAI partnership. Hock, you are not a cheerleader. What is the hard business case?

HOCK TAN: Customers building large language models need compute capacity, at scale. We invest to enable a small set of those builders, and we do it with purchase orders, not hopes.

JIM CRAMER: Power is the scare word. People are throwing around 18 Hoover Dams. Where does the juice come from?

HOCK TAN: The power exists. The challenge is making it usable. Do not chase one giant gigawatt site. Distribute 50 to 100 to 200 megawatt sites across the grid. Oracle, Google, Meta, Microsoft are securing capacity. With time, those locations become usable power.

JIM CRAMER: Custom silicon at scale without wrecking margins. How many partners can actually do this with you?

HOCK TAN: Very few. We learned a lot over eight years with Google on AI accelerators. Today we focus on about seven players pushing foundation models. Four are already real customers, meaning production purchase orders at scale.

JIM CRAMER: OpenAI is private, but you would not sign up unless the economics worked.

HOCK TAN: Correct. They are real, fast growing, and we look three to five years out. Generative AI is not a fad. It is how intelligence gets created in software.

JIM CRAMER: Competition. I am not starting a cage match with Jensen. Is there room for everyone?

HOCK TAN: Jensen is a friend. Demand for compute is more than doubling year over year. No single vendor can satisfy it. The race is performance per watt and performance per dollar, plus networking and software stack to run the models at scale.

JIM CRAMER: Everyone talks AI, but VMware and the rest of Broadcom matter. How are they doing?

HOCK TAN: VMware is growing and throwing off large free cash flow. One of our best assets.

JIM CRAMER: You have called this a secular wave. How big can it be?

HOCK TAN: Think railroads and the internet. Global GDP is roughly 110 trillion. About 30 percent is tech and knowledge driven. Generative AI can push that toward 40 percent. That is on the order of 10 trillion in added value annually over time. Spend a trillion a year and the returns can still be compelling.

JIM CRAMER: Translation for investors. You are meeting demand that already exists.

HOCK TAN: Yes. Our job is to deliver capacity and keep optimizing.

JIM CRAMER: Hock Tan, Broadcom CEO. Big day. Thanks for being here.

HOCK TAN: Thank you, Jim.

#AI #GenerativeAI #Investment

M5

"When compared to Intel-based systems, it delivers up to 86x faster AI performance"…

I'm imagining the engineers responsible for running the tests finely tuning the test suite for days and days so they could get that number into the press release, lol. There's no way that's a coincidence and someone definitely advocated for that line being the way it is.

#Performance #Engineering #AI #GenerativeAI

Not in the third inning?

Just heard CS talking about AI. All at beginning of this -- in terms of efficiency. I intemperate this as CS is looking for AI to increase efficiency. Not too many folks on this board have talked about AI at Wells. Only comments about tech is that it is horrible and way behind.

#AI #Efficiency #Technology

Better earnings coming but it’s the outlook that should keep you up.

The stock will probably be around $50 by the end of the year. We’re clearly in an AI bubble, and the AI-driven stocks are telling a very different story from reality. Our team isn’t ready to handle what’s coming.

We’re stuck in an economic trap. If we raise prices to protect margins from tariffs, we risk losing customers. If we don’t, margins get crushed. Discretionary spending is tightening, so fewer people will be buying high-end gear this holiday season. Retail looks soft, companies are hiring less and most aren’t looking to add traditional holiday staff at prior year levels.

Not everything is leadership’s fault. Some of this is just macroeconomic turbulence. But the bigger issue is that our current leadership is a throwback. They’re just not equipped to deal with today’s high-volatility environment. And unfortunately, many of the same people who created these problems are still running the show, some of them even promoted.

We might see slightly better earnings in December, but I expect it to come with a warning about a tough year ahead. That message won’t help the stock.

Buckle up.

#Leadership #Stock #AI #GenerativeAI #Tariff

Goldman Sachs Eyes Layoffs and Hiring Slowdown Amid AI Push

Goldman Sachs has informed employees of potential job cuts and a hiring slowdown through the end of the year, according to an internal memo seen by Reuters, as the Wall Street giant aims to use artificial intelligence to enhance productivity.

Calling the initiative "OneGS 3.0", the memo said some of the priorities for its AI initiative are sales and client on-boarding process, as well as other critical areas such as lending processes, regulatory reporting, and vendor management.

https://money.usnews.com/investing/news/articles/2025-10-14/goldman-sachs-eyes-job-cuts-and-hiring-slowdown-amid-ai-push-memo-shows

#AILayoffs #AI #GenerativeAI #Cuts #JobSafety

Anyone else inspired by Tilak?

Clearly CVS made the right choice if the anecdote is to be believed.

I personally LOVED the digs about not doing AI for flashy headlines and to focus on the basics.

Also kind of interesting with all of the "the whole system is broken and should be remade" [in brackets is how we eliminate the broken Payer/reimbursement system rather than just put AI bandaids on it]

Who else is putting in an application at CVS today??

#AI #Leadership #Healthcare #Innovation

AI Agent

On reddit one user asked if they had implemented an AI Agent in production in a Fusion application and in comments the responses are that this is still in a testing phase on a customer site when they submit SRs and „it’s anything but a success”, they don’t have AI yet and enterprise AI is over promise. If these comments reflect the real state, it’s really hard to understand how can they do the employees huge layoffs at this phase?

#AI #GenerativeAI #MachineLearning

Barrons: 6 Reasons to Like Dell Stock!

Here it goes:

  • AI can unlock sizable global productivity savings, driving more investment in compute, storage, and networking
  • 85 percent of enterprises plan to move generative AI on premise, boosting demand for compute, storage, and networking
  • Dell’s AI factory helps 3,000 plus enterprise customers deploy AI at scale
  • As inferencing shifts to the edge, Dell can scale AI PCs opportunities
  • Infrastructure Solutions Group is expected to sustain 11 percent to 14 percent CAGR over the next few years, led by AI servers, x86 servers, and storage
  • x86 server growth should be supported by both higher units and higher average selling prices

https://www.barrons.com/articles/6-reasons-to-like-dell-stock-plus-draftkings-infosys-and-more-f16d0c81?mod=RTA

#AI #Stock #Hardware #Computers #Tech

AI not reliable yet. TCS losing business to GCCs hence layoff -to keep profits high

AI not reliable yet. TCS losing business to GCCs hence layoff -to keep profits high.
Tata group as whole lost its way about a devade ago. Tata Steel high cost steel in country. Tata motots - high cost vehicle. Tata teleocm failure, Tata Retail business - not doin well

#AILayoffs #AI #Outsourcing #Profit #India