#budget

So glad that in this time of need Amazon has decided that my salary would be better suited going towards the big beautiful ballroom, than me and my family. Thanks corporate overlords.

if you wanna see the crystal ball in this place looks at the projections and budgets.

that's all

DAE notice recent cost cutting on fairly inexpensive things? I’ve seen sw tools licenses being cancelled + a few other things. How long til we’re drinking Folgers instant, heh?
What have you seen?

The job cuts affect 70 employees. The decision, announced by Interim President Jaimie Hebert, aims to address a $25 million budget gap.

Hebert sent an email to faculty and staff about the layoffs, stating that the cuts will affect all divisions of the university.

https://www.kadn.com/news/local/ul-announces-70-layoffs-to-address-budget-crisis/article_1f601c0f-4944-42ad-bbe7-d5336290db96.html

In some orgs, not enough people took the "career transitions" package. Despite record margins and a good business environment, discussions are under way about how to (1) pay for the promotions needed to have a viable career ladder for individual contributors (2) bring in new engineers to the industry without growing the budget (3) bring WDs opex closer to Seagate's (4) pay for depreciation on capital expenditures which are needed

Where does that come from? You can just imagine.

Another SKO in vegas!

After the rip roaring success of last year and the positive feedback on SD. It’s hilarious that they’ve chosen to go back to sin city

I can’t imagine how much money it cost for Belk to be the front and center sponsorship. They are plastered all over with the renovation of the stadium. They are also plastered all over the court. Would love an estimate of how much that cost

Penny brought Hoda Kotb in to speak at a conference for six figures while she is laying people off, demoting people, and sending American jobs to India. Where are Penny's priorities? Penny is managing partner to make sure the work gets done. Penny is supposed to be a steward of Edward Jones' assets. How is spending six figures to bring in Hoda Kotb being a good steward of Edward Jones' assets? I am a partner at Edward Jones. She is using our capital to bring these people in. Penny is wasting money while cutting good people who were doing the job needed. Now she is laying people off knowing full well the people left over cannot properly absorb the work of everyone who has been laid off. All Hoda Kotb said was word salad like she said on the Today Show for years. Hoda is fine, she just does not give any insightful points that is relatable to business at Edward Jones. Hoda's "jewel" was "Do not hog your journey....share it with others." Six figures for that pearl of wisdom? How does that inspire a smaller work force to do more work due to Penny's poor leadership decisions of slashing jobs and punishing the survivors to do more work for less money?

What’s the most ridiculous examples of wasteful spending you’ve seen?

Drop your wildest stories of money being lit on fire. No names, just chaos.

Mayor Kim Lund’s proposed 2026 budget cuts the equivalent of 30 full-time jobs, trims city services and urges the City Council to enact a new sales tax for public safety in an attempt to reduce a projected $10 million deficit. In all, the $543 million spending plan eliminates 40 total positions, many of which are vacant already as officials saw a fiscal crisis looming earlier this year, according to Lund’s budget message to the City Council on Monday.

https://www.bellinghamherald.com/news/politics-government/article312316202.html

Boulder County, is eliminating 90 positions due to a budget deficit, including laying off 31 employees and cutting roughly 60 vacant jobs. The county is also offering a voluntary severance package through December 1.

Additional workforce reductions are expected at the Boulder County Housing Authority and Boulder County Public Health, though exact numbers have not been finalized. County officials said these changes are part of a broader plan to close a structural budget gap, with projections showing spending will outpace revenue without cuts of $30 million to $40 million over the next three years.

The 2026 proposed budget includes a $13.2 million general fund cut, affecting staffing and $4 million in operating expenses. While hiring freezes are in place, the county will maintain commitments to staff the jail’s new alternative sentencing facility and expansion.

Officials cited inflation, uncertain state and federal funding, and volatility in property and sales tax revenues as key pressures. Department heads were instructed to prioritize equity and the county’s strategic goals when determining positions to cut.

I guess all that money spent in Texas and the Carolinas has caught up!

I am applying for a role but I’m being told it’s non-budgeted. What does that mean? It sounds risky even if I am internal.

As it's slowly consumed I'd expect this budget junk offering to be targeted.

All of these unrealistic budget projections and talk of losing money is so they will not have to pay out on our bonuses. the 1st step in figuring the amount of money toward bonuses is company profit. It they company loses money, there is no profit, therefore no bonus money.
You should never count your chickens before they hatch but especially dont spend your planned bonus money because it is all but a given there will be none to very little come March 26.

In a time when departments are being asked to tighten budgets and prioritize essential operations, and provide more transparency, funding travel for a certain HQRI "leaders" appears not only fiscally irresponsible but also questionable.

If you follow the money- MassMutual's total revenue in 2023 was $37.954 billion. This figure includes premium income of $25.608 billion, net investment income of $11.249 billion, and fees and other income of $1.097 billion.

And- MassMutual reported $41 billion in domestic insurance sales and $274 billion in client assets for its wealth management business in 2024, though a specific single "revenue" figure for the overall company isn't provided in the same way as for publicly traded companies. The company highlighted strong operating fundamentals, with $2.8 billion in statutory operating earnings and a record payment of $9.4 billion in insurance and annuity benefits for the year.

And yet in 2024 layoffs due to budget not making enough money, etc, etc
In 2025 layoffs due to budget not making enough money, etc, etc
Someones is lying. They either have billions of dollars increased year by year or they don't. Only a few months to go before we know what 2025 numbers are. These numbers are made public on their unauthenticated website / press releases. As someone prior wrote : laid off with a Less than acceptable reason.

The T-7 trainer that Boeing won, is more than $1 billion over budget and more than three years late.

Yet Boeing won the F-47 program based on their ability to execute?

Based on the starliner and the tanker programs, whhy would you award another program to Boeing?

I feel like there should be an investigation as to why Boeing won the F-47 program? When is the last time Boeing had successfully executed a defense program?

Thousands of customer success specialists from CX went to vegas from all over the world including India China Portugal Poland etc to attend extremely underwhelming training 2 days on the weekend before GSX and didn’t even get to stay for GSX. Millions of $$$ down the drain in international travel for everyone. Would rather have a full merit program than this crapshow. Sales kickoff I understand important but in the name of technical training of 2 days travel from across the globe just to hang out and drink is not the best use of resources. Good job CX leadership yet again.

• The layoffs primarily affect employees still in their probationary period, making them easier to dismiss, while public safety positions, including wildland firefighters, remain intact.
• The cuts coincide with the end of the “Fork in the Road” program, which offered employees to opportunity to resign while staying on the payroll through September.
• Other federal agencies, including the Department of Energy and Small Business Administration, are planning similar workforce reductions.

https://www.ehn.org/forest-service-layoffs-cut-10-of-agencys-workforce

The latest 13F filing was done. Cap Management has $9.3B in Q2 in 2025 compared with over $10B in Q1 of 2024. Market has been up about 13.5% per annum since then. Is there a stated strategy to actually grow the AUM or is it mainly loss avoidance ?

Seeing that the layoffs are coming, a lot of people will be impacted and will be forced to dig into them savings. How much do all of y'all have saved up? I've got next to nothing.

Any word if we'll get them this year? Mostly concerned about HGS and merit increases.

Split in 2 Cycles:
1st in November
2nd in May

Basically, they just cut whatever peanuts you were supposed to get in HALF.

Starting today they’re installing additional security cameras at Framingham HQ. This is out on the portal but wasn’t sent via email communication.

Wondering what the reasoning is. Why spend money when they’re planning layoffs all the time??

Rewards budget is horrible this year Considering the good revenue year cisco declared, don’t expect many promotions

Person who works with SVPs under Ward said a RIF is coming for STEPN. This week or next due to projects over budget.