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Hire a bunch of Mckinsey consultants to ruin the bank.
Then hire said consultant to become CEO to "revive" the bank.
Corporate America is such a peculiar place.
You can't make this stuff up if you tried.....
Video with Gunjan:
https://www.wsj.com/video/us-bancorp-ceo-on-reviving-a-banking-icon/88A15F0D-41C8-4511-A4F5-9954AE1833AA
https://www.barrons.com/articles/intel-moved-from-laggard-to-leader-where-chart-is-heading-e4997799
A lot of folks being lead out of the business.
$150 per month to outsource Truist BO
https://www.vistancenetworks.com/press-releases/2026/vistance-networks-to-sell-its-ruckus-networks-business-to-belden-inc.-for-$1.846-billion
The ceo said for months that layoffs would be complete "by 1Q." Instead layoffs continue well into 2Q and cmo said on kinetic call yesterday that layoffs are a good thing so we don't become bloated like kodak. The foundation has been put down for business as usual.
A Texas-based alcoholic beverage distributor is considering a major sale. The company is currently in discussions. These talks involve selling some of its operations. The operations span across 10 different states. They also include its business in Washington, D.C.
https://www.bizjournals.com/baltimore/news/2026/04/27/republic-national-distributing-layoff-jessup-reyes.html
I have received a business update meeting invite for today in UK. The expectation is clear. Do I need to take any specific steps before join the call?
What’s going on with the payer solutions business? The IT team keeps cranking out assets that are junk and just dump more headaches on ops.
Contacts in corporate real estate tell me that due to the cost of doing business in Bellevue the Bellevue campus will begin consolidating and moving operations to Frisco. The goal is to be significantly moved out of Bellevue by 2030. Same for Overland Park with all of the changes due to the Kansas City Royal stadium. Atlanta will be reduced significantly if not closed completely much sooner.
Sounds like Frisco is gonna grow significantly.
Business is tanking. Products are not inspiring. Leaders are performative
I am kind of in shock that there are fellow TIAAers who would go out of their way to throw a fellow colleague under the bus. I’ve been here over a decade and I do not coffee badge. I’m in for 4-5 full days because I find more peace and quiet at the office than at home when trying to get work done. But I would never tattle on a fellow colleague who is gaming the system!! We’re all adults! Maybe they have a reason, or if they don’t, that’s still none of my business! I’m actually flabbergasted. What have we become?
Greetings,
The big downside to this will be the collaboration and change that is effected by having a modern hip workspace, where an executive can chat with an intern and brainstorm, and where meetings take place without borders, so that resources who may be walking by can overhear something and offer a comment.
Two in a box was an unmitigated success, but our urban play centers were not offices; they were vibrant idea factories that transformed how business got done.
How do we recreate this virtually? The Leadership Team will be conducting an employee engagement survey so that workshops and training sessions can be held on this important topic.
Let me be clear, the only reason the numbers have been artificially low is because of the implicit bias of the Drumph Administration against ed-tech companies. The backward group of illegally "elected" misfits loves the poorly educated and loathes anything to do with moving society forward.
If the orange dotard knew 1/1000th about business as MH, KC, etc., he wouldn't have been bankrupt and convicted.
After reviewing last quarter's activation rates, it is clear that Cengage Unlimited has been a game changer. We continue to lead our competitors within the Education Technology space, and it has become evident that we have emerged so far in the lead that the competition can't even begin to devise a strategy to compete with our success.
Cengage Unlimited has literally redefined how students learn. Many competitors are simply print companies selling technology but we have and continue to redefine learning as we embark upon a journey into an industry that didn't exist five years ago. As Cengage employees, you have embraced change head-on, lived our credo, and breathed our ethos every day, and for that, you should be celebrated!
Although Cengage Unlimited has been a game changer for the industry revenue has fallen. The executive team is aware of this and are working with our investors on a plan to continue to grow our market share. However, we can't simply redefine how the world learns and create new markets without some pushback.
What would you say if I told you that Amazon was at one time considered a failure? Would it surprise you to know that for 14 long years Amazon lost money? Amazon's original stock price was around $15/share today it's over $3000/share.
We have conducted many surveys and have taken that data seriously. We have spoken with many managers and handpicked favorite employees to learn what they want to see at Cengage. While the surveys show that 97% of all employees fully trust the leadership team 77% feel that Cengage's compensation plan is below that in other industries. 63% of all employees feel that there is little to no room for advancement in their current position.
These numbers are alarming and we have decided to do something about it. I would like to announce that we will be paying bonuses of 120% and each employee will be rewarded with retroactive pay totaling 110% of wages sacrificed throughout the COVID-19 crisis that was caused by President Trump. In addition to the raise in pay and bonuses, employees will be bringing back the Summer Hours program, albeit with a slight modification.
How are we able to do this? As a reward to our hard-working employees, we will now be paying all bonuses, raises, and retroactive wages with the Cengage Reichsmark! The Cengage Reichsmark is a fun way to earn and spend money while contributing to positive change within the education technology space.
The Cengage Reichsmark, or "Cenmark" as our marketing team has branded it is similar to owning early shares of Amazon. The only difference is that the Cenmark can be traded for anything currently available on Cengage.com! Would you like to earn your MBA or maybe a law degree? The Cenmark can be used to purchase access to the courses you need* online!
Starting Monday there will be a Cenmark portal added on Inside that will allow you to check your Cenmark balance. We are working with an outside vendor to make vending machines in our office accept Cenmark, and we will soon be selling unique Cengage clothing that can only be purchased with Cenmark. These clothing products are the perfect way to be noticed by your manager!
In closing I would like to say thank you. While Cenmark is a new and exciting idea all employees should be proud of the work they have done and continued to do.
What if Marshall Field's had been retained ? There was so much good will that was accumulated. Since the conversion to Macy's, Chicago and mid-western stores are quite "different" to say the least. After pivoting, they discovered that there was a need for more localization but has it been enough. Look at what Marshall Field's used to be.
Why could they have not refreshed the stores and polished the legacy that was extraordinary. Maybe things were perfect....but wasn't there better possibilities for the future of the trajectory of the business and the long term viability all around ? T
These stores used to have restaurants, beauty salons, unique and curated assortments that were unique and exciting ! What do you think ?
Any thoughts or insights on the business deposits team under Chris Starr? I recently applied for a position. Pay range is great but I’m wondering what leadership is like.
Never seen so many ppl with main character syndrome at Pearson. Execs trying to pretend they’re not two full moons from collecting their pension at the post office.
More buzzwords than brain cells. AI this, augmentation that - meanwhile they can’t even process a normal human interaction. “redefining the future of learning” but can’t u redefine how to not be insufferable first??
Walking around showing us inside a hotel conference room boarded up with some purple MDF 😂😂 This isn’t Homes Under The Hammer you plastic fool.
Stay humble y’all… or at least stay quiet, retire and hire someone younger who can make a product that sells for once.
Hope your family is proud of your business cosplay grift. What a legacy to leave them.
Has anyone noticed that this business excellence BS is just another flavor of the month initiative that literally teaches us nothing new. Old concepts that have been around for an eternity such as DMAIC , 5whys, 6 sigma concepts wrapped with a different bow and labeled business excellence. What’s even more disturbing is the amount of directors , senior directors and vp level that have been hired to run this gimmick around the world . No wonder the company is falling apart .. no wonder our stock is tanking .. poor leadership, poor director, bad culture and lack of execution. When the entire c suite runs out it’s more than a red flag it’s a burning flag .. penny pinch the poor little guys and the manufacturing sites.. choke them to death with your kaizen nonsense and keep streamlining processes to death until quality is non existent and complaints begin to skyrocket and patients die with our products oh wait that already happened.. complaints started to climb up thanks to the cut cut cut cut cut to maximize gross profit. Tom get out and take all the incompetent leaders with you cause there are lots of them. Also take the business excellence “plants” with you they add no value and they’re costing u a lot. I suppose u had to give big titles to show Wall Street u mean business when it comes to maximizing gross profit and shareholder value? What a sad story.
Maybe the era of doing nothing and raking in massive bonuses is finally winding down. The only problem is, where do you find executives who actually understand how to run a business properly?
Looks like wells fargo want to move its business and operations to India.
How do you earn some quick cash when you've already shrunk the workforce? Sell off your Intellectual Property! You have to wonder why they weren't sold to Extreme Networks back in 2017 when Avaya sold off its failing <Ahem... non-core 😂) networking business.
https://www.citybiz.co/article/831203/powerbridge-networks-launches-with-acquisition-of-avaya-networking-patent-portfolio/
Desperate for business
Does anyone know which non-core BU will sold next? Any confirmed buyers or rumors anyone is hearing? My area has been totally silent about it...
https://business.toshiba.com/news/toshiba-expands-its-high-output-print-portfolio
Harley-Davidson Continues to Lose, Thousands of Employees Threatened with Layoffs
https://voi.id/en/economy/558906
Another massive hit to Away From Home.
JC
2021: ~$15.06 million 
2022: ~$17.26 million 
2023: ~$17.20 million 
2024: ~$26.25 million 
2025: ~$25.10 million 
Employees
2026: ~97,000 employees
2025: 108,000 employees
2024: 120,000 employees
2023: 133,000 employees
2022: 133,000 employees
2021: 158,000 employees
earlier this week I got an API key for Claude Code. my coworker in EMEA got one too. she also got an email from her band 5's chief of staff asking to verify if she still needs to use Microsoft Apps and to present a "convincing and strong business case" for keeping them. are we buying these off the shelf?!
so let me get this straight: we have money to burn for AI (Gemini, VEGAS and now Claude Code amongst more probably) - BUT WE DON'T HAVE MONEY FOR MICROSOFT APPS?!
By numbers, JD grew top-line revenue from $37.4B to $51.4B (+37% overall). EH is driving a revenue contraction from $51.4B to a projected ~$46B (-10% decline).
Numbers don’t lie or drop tears. Winning!
The server business was always more sticky and now is hugely more strategic than storage.
Years of comp plans for lEMC sales focused on pushing unity, powerstore, powermax etc distracted from the real prize of owning the entire data centre. They never understood apps, infrastructure. Just boxes.
If they had focused on overall sales, share of wallet, Dell would have been even more of a powerhouse than today.
Servers were never as high margin as storage, but highly profitable and close enough to matter.
Any guesses on how much worse it is than you think?
I heard that maybe some things at f5 are turning around but liking st the job postings i don’t see a difference or shift in direction
No longer there but curious since this page got quiet since February.
Still getting new meetings scheduled like everything is normal. Maybe layoffs aren't happening? Why are we so sure it's the 31st?
Verizon deal ?
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.
All Florida Clinics were told ten minutes ago that all employees must attend a business update meeting at noon today. Any info on what’s happening?
Maybe that'll finally force leadership to step up their game and actually run the business instead of just extracting wealth.
Is another day of Reckoning for VZB mgmt on the horizon?
Thin the herd. Desperately needed. Bring some sanity back to the business.
Thank goodness they spent the money for the visibility in Happy Gilmore. Smart move! All the business pouring in from that is saving jobs and a major factor in the bank's generosity with its employees.
Any information about layoffs for ADE'S in Business Network in Europe?