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The stock price ponzi scheme has ended.

Stock was crushed because free cash flow is weak. Translation .... no more buildings to sell, not enough free cash anymore to buy back shares, component costs hitting margin, lack of innovation has resulted in stale comiditized products.

The only way to increase cash flow now is a massive layoff.


Town Hall next week

Anyone else wondering about the big Town Hall meeting next week. It seemed very sudden and when I looked back at the old announcements they always have announced the meetings a month in advance. Also seems like a lot of people leaders will be on site for the meeting. Definitely seems like more bad news on the horizon...


Exelon Org Changes

Billions in profits but they need more, will likely be significantly cutting regional Op-Co jobs over the next three weeks touting streamlining and AI as the solution. To continue unlimited growth for their shareholders out of their monopoly over customers


10% of staff to be laid off

Uber Technologies will lay off ​about 3,300 employees, or 10% of staff, in its largest cuts since the COVID-19 pandemic, to better navigate the ‌rise of robotaxis encroaching on its ride-hailing business.

https://www.reuters.com/business/world-at-work/uber-cut-3300-jobs-overhaul-bloomberg-news-reports-2026-09-02/


Is this a good or a bad move?

BP appoints former Balfour Beatty CEO Ian Tyler as chair

  • Manifold was fired in May after less than a year in position
  • Board member Amanda Blanc will not seek re-election
  • Blanc had overseen Manifold, Tyler appointments

https://www.reuters.com/business/bp-appoints-ian-tyler-chairman-board-2026-09-02/


Linkedin post 🤢🤢

Someone just took a pic with our CEO and posted this... And it got1000+ likes... honestly surprised since I vomit in mouth just on the first paragraph 🤢

Today was one of the highlights of my 27-year career at ExxonMobil Baton Rouge. I had the opportunity to hear Darren Woods speak with employees and, as an added bonus, spend some time with him during a safety demo in the field. I was even fortunate enough to take a picture with him, something I'll remember for a long time.

What stood out most was his authenticity, transparency, and willingness to engage directly with employees. His answers to our questions were thoughtful, candid, and reaffirmed why I am proud to be part of this company.

One statement that particularly resonated with me was: "Not here to advise. Not here to consult. We are here to deliver." That mindset reflects what I've experienced throughout my career and why I remain passionate about the ... Blah blah...


ChatGPT predicts 60-70% change of Layoffs in the next 6 months

I asked ChatGPT to review this thread and other public info:

ChatGPT predicts 60-70% change of Layoffs in the next 6 months

When
September–October - High - Repeated late-Q3/early-Q4 activity, especially 2024

January–March - Very high- Strongest recurring pattern; year-end financial/budget decisions appear to feed into RIFs

The biggest thing I'd emphasize is January through March. That's not just a general corporate-layoff pattern — Highmark's own layoff history shows a particularly strong concentration there.