#business

The car sales is gone....... SMT will never learn, they drive business away. GO figure. Glad I left. SO sad for all the employees, ALOT of people are going to have a cr-ppy Thanksgiving. But we have 4 presidents of the company.....

See link
https://stocks.apple.com/AmbbTo_VyRCmtZFv9iD5jJw

Looking for real comments. What effect does this have on our business?

Guys, just sharing something from my heart, and I hope you all take it in the right spirit.

I was in the same boat about 1.5 years ago, and trust me, I know how it feels.

After spending more than 8 years at Comcast, I suddenly found myself back in the job market. It was honestly one of the toughest phases of my professional life. When I started preparing my resume and looking back at my accomplishments, I realized how difficult it was to present my experience and prove my worth to another company.

Despite all those years of experience, I felt completely lost and, at times, even d-mb. Facing interviews again was painful, and it really shook my confidence.

So, just a small piece of advice from someone who has been through it: Please don’t wait until you’re forced to look for a job. Start preparing while you still have one.

Update your resume, brush up on your skills, explore opportunities outside, and keep yourself interview-ready. You never know what tomorrow might bring.

I’m not saying this to scare anyone or spread negativity. I’m saying it because I genuinely care, and I don’t want any of you to go through what I went through.

Hope for the best, but always be prepared for the worst.

At the end of the day, companies will make decisions based on their business needs, but we have to look out for ourselves and our families.

Just a thought from my heart. ❤️

Rumor mill is buzzing! Major announcement coming later this week. What are we thinking? What’s the impact to jobs?

From HT's perspective, there appears to be a lack of genuine partnerships with any stakeholders. He does not value relationships with employees, customers, system integrators, or OEM partners. The primary focus seems to be on financial gain, as evidenced by the frequent price increases each year, which adversely affect partner margins and lead to a reduction in the number of partnerships. This approach reflects a short-sighted strategy, seemingly attempting to apply a semiconductor business model to the software sector. It raises concerns about whether shareholders and investors would be inclined to invest in a business that lacks a clear future.

I'm part of the talent acquisition team that's been laid on today 11/2/2026. There were 3 of us who were laid off. Also confirmed - 30 people on the IT team along with folks in financial aid, student services, adjunct faculty. Morale is low. Meanwhile they will announce that business is good and those that remain will get their end of year bonus. And of course all the c-suite folks get $$$
UTI is opening 3 new campuses next year. Who's left to hire these people?

Someone wrote this comment:

“This place is going to get sold. Writing is on the wall, one reason they are letting morale go to shxt. There is no family succesor in place to take over. Various business lines will be sold to various different outside companies, it won’t be just one massive sale. Will start in 2027 is my guess.”

I don’t have much time in Fidelity like most other people here, so I can’t really agree how good of a prediction this is. But if the Fidelity overlord was to sell, what’s gonna get sold first? What kind of customers are gonna be buying? What kind of offer would Fidelity take seriously? And which parts of the company are gonna be considered NOT for sale?

ILEC business is getting gutted. What happened to “We Win Because We’re Local”?

Our company has lost its soul.

Ye Rustic Inn, a Los Feliz establishment since 1971, is confronting potential staff layoffs before the holidays due to the impending removal of its outdoor patio. The landlord cites insurance concerns for the patio's closure, which is scheduled for Monday. While the bar's indoor operations will continue, the loss of the patio creates significant financial uncertainty for the business. Community members and regulars are rallying to support the bar, hoping to influence the landlord's decision. This situation highlights broader challenges faced by independent businesses in Los Angeles.

Los Angeles, California

https://hoodline.com/2026/10/los-feliz-dive-bar-ye-rustic-inn-fights-to-save-patio-avoid-layoffs/

Nothing against guest speakers, but dedicating 50 minutes of an hour-long HR town hall to one when there are so many business priorities that need attention feels misaligned

Any news on the divestiture of non-core BUs? Is anyone buying SaaS in this market?

I personally think they are setting up Comcast to be sold off either as a whole or in chunks. All the businesses that the "new" Comcast will be in (cable, internet, home security, mobile) are hypercompetitive and hard to survive in. Then NBC/Sky etc. can be the growth end.

Sounds a bit far-fetched to me.

This was at the enterprise and business level.

Strategy has been an absolute failure. What do you expect from a stereotypical used car salesman? If VBG misses the net add target, it’s 100% his fault.

On our Home Lending Underwriting town hall as we go over a business update. Pretty clear signs that consumer underwriting is heavily over staffed. Cost per loan is up, utilization is down, fundings per Uw is down, and market forecasts flat to down in the next 3 years.

Tell me layoffs are coming without directly saying it

(Barrons) SAP Stock Jumps After Earnings. How the Software Giant Became an AI Winner.

Summary

• SAP topped 10 billion euros in quarterly revenue for the first time, and its American depositary receipts jumped 4% in morning trading.

• The company’s cloud revenue rose 25% to 6.7 billion euros, driven by its business artificial-intelligence, data and platform business.

• SAP CEO Christian Klein said customers realized that while large language models are well trained, they lack knowledge about business data.

https://www.barrons.com/articles/sap-stock-software-ai-06a9a19

The software apocalypse never came, and the sector is enjoying a stellar recovery. But the challenge for investors has shifted to another conundrum.

“There’s still the question of who will be a winner and who will be more in the loser box,” SAP CEO Christian Klein told Barron’s on Thursday after the company’s third-quarter earnings.

It’s easier to say that when your company is increasingly showing signs it belongs in the winners category. The German software giant, Europe’s sixth most valuable company, topped 10 billion euros ($11.2 billion) in quarterly revenue for the first time.

Its business AI platform, which uses AI assistants and agents to help companies and organizations manage operations and workflows, is starting to pay off. Cloud revenue jumped 25% to €6.7 billion, driven by its business AI, data and platform business. Its current cloud backlog is up 26% to €24.1 billion.

Software stocks indiscriminately tumbled earlier this year as investors feared that rapid developments in artificial intelligence would disrupt the sector.

SAP was very much caught up in it. The ADRs fell around 40% from the start of the year to its 52-week low on July 23. But the stock has climbed more than 60% in the three months since, beating the iShares Expanded Tech-Software Sector ETF’s rise over the same period.

The sector’s slump led to some soul-searching at SAP. “It doesn’t feel nice. Everyone doesn’t feel so well if the stock is not performing. But especially in those days it was super important to focus on the product and the customers and say ‘is the strategy we have the right one?’,” Klein said.

A number of lessons were learned very quickly, aided by customer feedback.

“A lot of customers realized: Hey, I can develop an agent super quickly and deploy it the next day. But what about the accuracy?” Klein said. “All the LLMs [large language models] are well trained, but they have no clue about [your] business data, about how to run a business.”

That was the first lesson, leading to a realization that SAP needed to build a business AI platform. Then as they experimented it became clear that AI agents had plenty to learn—from tax calculations specific to the U.K. or Germany, data privacy, the inner workings of HR, finance, supply chain, and much more. And crucially, to build trust among the businesses using the AI platform.

Existing customers got their hands on the latest tools in the third quarter but SAP also revealed a list of new clients across sectors, including Spain’s Banco Bilbao, German semiconductor manufacturer Infineon, and South America’s largest railway manufacturer Greenbrier Maxion. The U.S. Defense Logistics Agency is another notable addition. “The [U.S.] government really like what they see,” Klein said. “And we are winning customers in the public sector, so it’s a win-win.” The company also said it’s working with AstraZeneca to develop AI solutions in the life sciences industry.

From a broader perspective, it suggests more and more companies are embracing AI and exploring the potential benefits and efficiencies it can bring.

Shiny, new consumer-facing AI tools like Meta’s Muse may be grabbing the spotlight. But as the world rapidly changes and businesses ramp up their appetite for AI, SAP is looking like a winner.

S&S Worldwide is implementing significant layoffs at its Colchester headquarters. The company plans to eliminate 70 positions by mid-December. This action is attributed to unspecified "business circumstances." The arts and crafts distributor has a long history, founded in 1906. This follows a period of financial restructuring in 2022.

Colchester, Connecticut

https://hartfordbusiness.com/article/ss-worldwide-plans-major-layoffs-at-colchester-headquarters/

Let’s all brace ourselves from select cheerleading IBMers bragging about our 3Q 26 results on LinkedIn. There’s nothing to brag about, we all have lots more to do to grow the business so we don’t fall into the abyss of irrelevance. So STFU please.

Albertsons is suing Kroger for $8 billion after their merger collapsed. Albertsons alleges Kroger did not fulfill its contractual obligations to secure regulatory approval. Kroger claims it acted in good faith throughout the process. Both companies are also implementing cost-cutting measures, including layoffs. Albertsons plans a comprehensive business review to improve performance.

Boise, ID

https://www.seafoodsource.com/news/albertsons-heads-to-court-seeking-usd-8-billion-from-kroger-after-failed-merger-both-chains-plan-layoffs

KR has an All hands scheduled on 10/22 with a Business Update as part of the agenda. Interesting item. Could be nothing.

Can you please let me know if this is concerning

Posters here keeps saying things about 1/1/27. Is it a lay-off? Is it a reorganization? More outsourcing? We all know we’re losing tons of business. What is going to happen?

The Michigan Economic Development Corporation is implementing layoffs affecting up to 15% of its staff due to decreased revenue. This reduction comes amidst legislative review of corporate incentives and an ongoing criminal investigation into a MEDC-administered grant. Despite these challenges, the agency asserts its continued commitment to supporting small businesses and economic growth. The state of Michigan was recently recognized for its business-friendly environment, ranking highly in several key categories. These positive rankings highlight Michigan's strengths in areas like infrastructure, talent, and innovation.

Lansing, MI

https://www.wilx.com/2026/10/19/former-lansing-mayor-leaves-lasting-economic-legacy-medc-announces-layoffs-other-business-headlines-across-lansing/

https://www.businessinsider.com/cisco-president-jeetu-patel-personal-ai-agents-cancel-subscriptions-2026-10

ELON will use Starlink and 850 MHz to bring down all US telcos.

Any idea why DXC's stock price has gone up from ~8 in May to ~14 now?

While we all know how the company is performing from the inside, wonder what is making investors confident that is spiking up the share price to this level?

How does just making announcements on deploying AI and making deals with anthropic alone lead to such spikes when historically the company has shown poor performance?

I have an opportunity to move from IA to BA. How is the overall environment and the leadership team in BA Atlanta office?

Organizations succeed when decisions are timely, priorities are clear, and the people doing the work have the resources and authority to deliver.

Too many layers of approval can slow progress. As problems move up the chain, critical information can get delayed or diluted. Management decisions made without a clear understanding of the actual technical work, actual workload, and operational challenges can create unrealistic commitments.

Frequent reorganizations and unclear ownership add overhead instead of solving problems.

L3Harris has publicly emphasized urgency, delivery, and meeting customer demand in its 2026 business outlook. Achieving those goals requires aligning commitments with available resources, addressing risks early, and listening to the people closest to the work.

In defense contracting, oversight, quality, and compliance are essential. But excessive risk aversion can be just as costly as taking unnecessary risks. When decisions take too long and opportunities are delayed, we risk losing business to competitors who can respond faster.

When approvals multiply, priorities conflict, and accountability isn't matched with authority, the organization becomes less effective—not more controlled.

Good management isn't about adding layers of oversight. It's about removing obstacles, making informed decisions, establishing clear priorities, and empowering people to deliver.

Ultimately, this is basic business: give people the direction, resources, and authority they need to meet the mission.

https://nypost.com/2026/10/16/business/elon-musks-three-word-reaction-after-unveiling-tesla-roadster-flying-car-that-hits-60-mph-in-under-a-second/

This is what innovation is all about. Wow.

Tesla stock will hit $500 per share by year end.

What f*cking world are you actually living in?

ranking of AT&T’s worst decisions

1. 🥇 DirecTV — $67.1B
2. 🥈 Time Warner — ~$100B round trip
3. 🥉 Mexico — $4.4B acquisition + years of capex → $2B
4. Selling/monetizing towers too early
5. Xandr/AppNexus
6. Selling data centers just before the cloud/AI infrastructure bo-m
7. Giving up WarnerMedia/HBO/IP upside

Comcast is more the Roberts family business than any of you all realize. Brian holds one third of the all voting power. This company's direction is based solely on his whims.

Buying Sky was Brian's idea. Top 5 worst corporate acquisition of all time.

Sky became a bad acquisition because Brian let a personal vendetta against Disney jade his judgement. He got into a pi----g contest and drove up what Disney paid for Fox's assets by nearly $20 billion. That back fired because Disney did the same to him when he decided to buy Sky and he ended up paying double what it was worth. This crippled the rest of Comcast where it was unable to grow the company dure to the weight of more than $100 billion in debt.

This all dates back to another one of Brian's ideas the failed attempted a hostile take over of Disney 22 years ago. Disney is still pi---d about this and so is Brian.

Brian also decided to buy Time Warner. Another glorious disaster. Remember all the people layed off when that collapsed?

Buying NBC was also Brian's idea, not a terrible acquisition in the short term but ultimately a poor decision.

Brian realized a decade too late that TV is dead and his family business is failing because of it.

bp's stock hits 52 week high on historic debt reduction and beating wall street estimates on earnings despite the heavy net impairment charges expected in Q3

Meg's simple strategy is really working. The stock is finally moving and so are the investors sentiments. Time to go bullish on bp!

Use your favorite AI to analyze AT&Ts business savvy with regard to AT&T Mexico. “Massive Destruction of Capital” is probably my favorite term that was used in its analysis. Par for the course. It is literally THE ONLY THING that Stankey and team are good at. And they excel at it. And no one is EVER held accountable to the shareholders by the BOD. EVER.

“ • The Entry (2015): AT&T aggressively entered the market by acquiring Iusacell for $2.5 billion and Nextel Mexico for $1.875 billion, totaling roughly $4.375 billion in headline acquisition costs.
• The Exit (2026): After more than a decade of operations, AT&T agreed to sell the unit to a consortium of Grupo Televisa and Fintech Holdings for just $2 billion in cash.
This means AT&T recovered less than half of its original purchase price, completely erasing over $2.3 billion in asset value. This calculation doesn't even account for the billions of additional dollars AT&T poured into building out its Mexican 4G/5G infrastructure and funding years of operating losses over the last 11 years“

Teradata will no longer be in business come 2030. This train ride is over, now get off.

When I get home on office days, I have to take aspirin and lay down before eating dinner because I have so much tension from all of the sensory overload I have to deal with. Some days, I am out cold until 11:00 - 11:30PM. By then, I don’t feel up to eating a full meal. This is not healthy at all. I haven’t been to a doctor in a long time, but my blood pressure cannot be good. Working for this company is a health hazard. It’s brutal going through the motions every office day, having to drag myself into that hellh0le, enduring constant small talk yapping, temper tantrums, people bouncing off the walls from the 13 cups of coffee they must consume daily, just to stare at a screen and do the same tasks day in and day out. It’s all performative BS. There is no value to office days. I am not putting out hundreds of dollars for noise-cancelling headphones. I doubt they would be effective because the office is a complete zoo. Canon should just close all their offices and lease out the space to those hourly workspace companies for business travelers like Regus.

Small businesses and distributors across Pennsylvania are scrambling to remove skill games from store floors before a court-ordered deadline. Failure to comply will result in seizure by law enforcement. This action follows the state legislature's inability to reach a regulatory agreement. Local distributors like DeLeo Games are working to retrieve hundreds of devices from area establishments. The sudden enforcement has led to immediate unemployment for workers and financial strain for business owners.

Altoona, Pennsylvania

https://www.wtaj.com/news/local-news/altoona-workers-face-layoffs-as-hundreds-of-skill-games-are-pulled/

Higher Ed schools are finalizing ISBN selections this week, with some institutions potentially extending decisions until November 1.

Anyone who has worked in educational publishing understands what that means. The window to win meaningful Spring business is rapidly closing, and in many cases may have already closed.

One manager told me that last year's Fall selling season was already among the weakest they had seen. According to them, this year appears to be even more challenging.

So far, no one on their team has reported closing any significant new business. At the same time, several reps have reported substantial losses in key disciplines, including Computing and Economics.

The level of concern is growing. One manager estimated their territory could be down as much as $2 million or more by March 31 if current trends continue.

Whether these reports ultimately reflect the broader business remains to be seen. But if similar conversations are happening across multiple teams, it would help explain why so many employees are questioning management's outlook and asking for greater transparency around the numbers.

Bumping this from @mw+1m4jfecx3 for info.