#company

Check out this article:

https://dwaynegefferie.substack.com/p/the-rise-and-fall-of-fis

Dell is one of the few biggest beneficiaries of this AI bo-m, similar to Nvidia and SK Hynix... SK Hynix gave 10% of its profits to employees.
Dell making so much money, Unlike other companies that spend money buying servers without seeing returns yet, Why Dell is laying off people on an even larger scale than other companies?

What if we all start a new health service company? We have the skills and know what works and doesn’t. How can we make this happen?

I was part of the Assistant Manager layoffs in 2013. I drove by a Staples today that said Party City - Get your balloons filled here. Did they turn part of the store into a Party City? Or did they make the tech center a balloon store?

Service anniversaries use to be a big deal. Now making it to the next month is. What’s next in the PepsiCo world? Odds on making it to December.

Looking at some track record to justify his role of president

I heard from multiple sources a major announcement is coming Monday. Unsure if it is more layoffs but been told to be on the look out.

Wondering if 3M screens/rejects specifically for THC for potential hires at 3M Center since legalization. Asking for a friend.

Looking for direct knowledge not speculation, either from being rejected or knowing they don't check/care.

Does this get started after investor day? Meeting post that seems ominous.

I have been told that there will be no pay rise in 2027, even its been a successful year. 3 years since last rise for DQ but 5 years for Innovex. I think this shows Innovex do not reward performance.

Buh, buh, byeeeee!!!!!

☆ AT&T, Verizon; and T-Mobile (Reject) SpaceX "Starlink" partnership for (Good Reason).

■ SpaceX "Starlink" begging because they know their ambitions are (Garbage).

■ 5-7 years to build out their terrestrial network at a $500.00+ Billion cost (Minimum) with an (Inferior) service.

☆ AT&T, Verizon; and T-Mobile (Reject) SpaceX "Starlink" partnership for (Good Reason).

■ SpaceX "Starlink" begging because they know their ambitions are (Garbage).

■ 5-7 years to build out their terrestrial network at a $500.00+ Billion cost (Minimum) with an (Inferior) service.

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

Our company has lost its soul.

How's that GCC in Poland working out?

AT&T and Verizon have collectively eliminated 8,000 jobs in the last quarter, significantly reducing their combined employee count. This marks a continuation of substantial workforce reductions for both companies over recent years. Despite CEO predictions, these layoffs appear driven by traditional efficiency measures rather than AI advancements. The companies' revenue per employee has increased significantly during this period of downsizing. Analysts remain skeptical about the AI-driven productivity narrative behind these job cuts.

United States

https://www.lightreading.com/ai-machine-learning/at-t-and-verizon-normalize-layoffs-as-8-000-jobs-go-in-a-quarter

Seriously, how bad can AT&T look. The company does not live out it's own slogan. The CEO is an absolute joke. His explanation for why the stock is tanking was so predictable and a waste of oxygen.

The reason the stock is tanking is that a new competitor has entered the market. It is not just any new competitor, but it is a competitor with a real CEO in Elon Musk. The politest and most conservative way to describe it is that Starlink will destroy AT&T. Elon will own the Stink. AT&T under the Stink has no chance to compete with Starlink. AT&T is all debt, no cattle. Stinkey is absolutely embarrassing.

Monday or after earning call?

For revenue Growth in Q3
VZ + 2.9%
ATT + 3.8%
TMUS + 6.2%

why is dan being lauded as a savior when he is just axing people and doing stock buybacks?

what happened with the MB managers that got laid off today? Anyone know why? It isn't like they were under performing

It does nothing but lose shareholder value.

Lots posted on ComcastNow.

if it continues to slide, we will have major problems

If not, what it is? Who benefts?

that's the post

Three closures left this year:

• Veterans Day — Wednesday, Nov 11. All ~4,000 branches closed for 24 hours, and no transactions will be posted that day.
• Thanksgiving Day — Thursday, Nov 26.
• Christmas Day — Friday, Dec 25.

Then New Year's Day — Friday, Jan 1, 2027.

Two things people get wrong:

• Black Friday (Nov 27) is NOT a bank holiday — branches are open regular hours.
• Christmas Eve and New Year's Eve usually run modified hours, so don't leave cash runs to the afternoon.

Source: Wells Fargo holiday calendar / Federal Reserve schedule, 2026

Call Out. How many of us are here, but really don't give a fluffy?

I heard that 2u is losing a major partner. Any idea on who?

Any thoughts on the all-hands call? Many topics, none brought to a resolution?

Can you hear me now?

TL;DR:

Xerox owes more than it is worth, so in a sale the lenders get the money and probably the company, the lawyers get paid either way, and shareholders get nothing.

Buyers would want the customers, the service contracts and the techs, not headquarters.

If you have a Xerox pension or retiree medical, find out now what is actually guaranteed, because not all of it is.

The company owes way more than it is worth, and the stock is now gambling at a table where the lenders are the house.

So who would be interested?

Most likely the lenders themselves. The people Xerox owes money to swap their loans for the company, and some of them may not even want it. But if enough of them vote yes, the rest get dragged along anyway.

Then you have got the Japanese rivals like Canon, Ricoh, Konica Minolta and... not Fujifilm, exiting the business (as we know it). They do not want the whole thing, just the good bits, meaning the customers, the service contracts and the production printers.

Vulture funds would happily buy it cheap, cut it to the bone and milk the service contracts for years.

And nobody else.

As for who gets paid, it is lenders first, lawyers always and shareholders never. Your stock and RSUs are not worth the paper they are printed on.

Who would they keep?

The techs who fix the machines and the people who bring in contract money. Not headquarters, not extra managers, and definitely not anyone whose job is PowerPoint.

Now the part people should really think about, which is pensions...

A buyer would probably take over some of the plans, especially outside the US, where the law tends to make pensions travel with the business.

The US plans are a different story. They could be handed over to the government pension insurer, the PBGC. It does pay out, but only up to a legal cap, so people with bigger pensions or who retired early could see less than they were promised. If you are already retired you are usually in the safest spot, while people still working are more likely to see their plan frozen, meaning you keep what you have earned so far but stop building more.

And retiree medical is the one nobody talks about. The government insurer does not cover it at all, so it is usually the first thing to get cut. If you have a pension or retiree health coverage with Xerox, now is a good time to find out exactly which plan you are in and what it actually guarantees.

None of this happens tomorrow, but the clock is ticking.

Elon:
Yeah… I mean, look. The situation at Webster with Xerox… it’s basically an absolute masterclass in negative first-principles thinking.
Like, if you engineered a process specifically designed to delete shareholder value at maximum entropy, you’d do exactly what TA did. Seriously.
First off—the iGen. You had a machine with actual positive unit economics. High gross margin on consumables, stable cash flow… essentially an operational money printer. And what does management do? They just… axe it? Into a complete vacuum. Without an actual, physically viable successor ready to spool up. That’s insane. It violates basic physics. You don’t jettison the thrusters before the second stage ignites.
And then—sigh—the print heads.
(stares blankly for three seconds)
I mean… wow. Sinking millions into print-head tech that is, what, three generations obsolete? We already had the empirical data from Brenva. We had Baltoro. The signal was 100% clear: the architecture cannot scale. The nozzle density, the drop volume, the thermal degradation—it’s like trying to build a modern reusable orbital rocket out of steam valves and cast iron. It’s fundamentally doomed by the laws of physics.
How you look a CEO in the eye and say, "Yes, let's take our remaining runway and allocate capital to ancient hardware that already failed twice"… I mean, frankly, it’s either total delusion or malicious gaslighting. It’s wild.
If institutional investors are looking at XRX expecting a turnaround while Webster is doubling down on obsolete junk… yeah. The delta between reality and what’s in those investor decks is infinite.
Massive write-down incoming. Inevitable. Just sell it. Next question.

One more day of cleaning up billing issues in large part because of incompetence of offshore team. How is this company surviving? Husband used to be in sales here, was smart enough to leave. Said every old colleague in sales he talks to is looking. I know my team is as well!

Can anyone explain how a 3 year ban on working for Skydance after a buyout serves the best interest of the company? It seems like they wouldn't offer you work unless they needed your skills. So why would they impose this ban?

Came across this quote by PepsiCo legend Roger Enrico:

"Beware of the tyranny of making small changes to small things. Rather, make big changes to big things."

Feels particularly relevant in today's PepsiCo world, where the tyranny of small decisions have given way to the tyranny of small-minded leaders.

https://www.azquotes.com/quote/675560s.