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Game over for Metabolix / Yield10

  • Yield10 Bioscience filed for Chapter 11 bankruptcy and entered liquidation in 2024.
  • In January 2025, Nufarm Limited acquired substantially all of Yield10's assets.

  • The transaction marked the end of Yield10's standalone operations as a crop-trait engineering company.

  • Assets acquired by Nufarm:

    • Entire Camelina R&D portfolio.
    • Intellectual property for:
      • Omega-3 production
      • Herbicide tolerance
      • Bio-energy traits
    • Early-stage bioplastics (PHA) research.

  • Integration and future plans:

    • The Camelina platform was integrated into Nuseed, Nufarm's seed-technology division.
    • Nuseed plans to expand omega-3 products for:
      • Aquaculture
      • Human nutrition
      • Pharmaceutical applications

  • Company status:

    • Yield10 Bioscience (formerly Metabolix) was delisted from Nasdaq in May 2024.
    • The company was liquidated.
    • Its stock transitioned to bankruptcy trading status under ticker YTENQ.

  • Additional sources:

    • Nufarm and Nuseed corporate communications provide updates on the acquired technology platform.
    • Yahoo Finance (YTENQ) provides historical financial and legal information.
#Acquisition #Bankruptcy #Company #Liquidation

June 1st

Our VP scheduled a 15 minute meeting today regarding an "organizational update." Has anyone else had similar meetings or received any news today? Curious whether this is part of broader organizational changes or if there may be another round of layoffs occurring. Any insight would be appreciated.

#Company #Insight #Layoff #News #OrganizationalChange

May 21 Town Hall Recording Was Edited?

Did anyone else notice this? The session went on for about an hour. The recording is 40 minutes long.

Noticeably missing: some of Hamid's comments about corporate taxes and how to best handle the $40 billion windfall from spectrum sales, Hamid's comments about how the "rich guys" benefit from certain tax practices, and most notably, that kind of joke question about whether we'd see any part of that sale in our 401Ks (and Hamid's response that he'd have to see it in his 401K first).

Did anyone else notice this, or am I going crazy? Did they actively edit out the more tone-deaf and uncomfortable parts of that session?

#401K #AllHands #Anonymous #Company #Discussion

PSA: you need clients to run a business

It always amazes me how cr-ppy I fiserv treats their clients. Bad pricing, strong arming negotiations because they are fortune 500 company and it’s hard deconvert , and allowing people with little regard to how they impact that client and even the economy, the slightest increase are passed down to its card holders, but sometimes the increase that Fiserv gives are really high and then question why people make drastic decisions to choose other vendors leave like if they’re the only ones that offer this service… maybe yes it’s hard to leave but once they get to leave, they are leaving. Like stop putting your profits over clients - stop putting your profits over employees and maybe and just maybe your stock will make it over $70. Should be ashamed of themselves. This is what happens when you merge with a sh-t company, place the same sh-t company leaders in high positions after the merger and wonder why it’s going to sh-t. Change your leadership.. change your culture.

#BadLeadership #BadManager #Company #Culture #Layoffs

Fascinating data on IBM exec insider trading will stun you millions and millions granted then sold - while layoffs RA's PIPs all hockey stick up

Absolutely fascinating data and insights into the gluttonous IBM executive insider trading going back to 1994. Many of the execs are granted tens of thousands of shares of IBM stock and then immediaely sell them for millions of dollars.

https://www.barchart.com/stocks/quotes/IBM/insider-trades?orderBy=amount&orderDir=desc

For example the guy who destroyed IBM when he came in like a king 4-1-93 G Man Gerstner sold $350,000,000 (!) in IBM stock he was awared as grants in just 3 yrs 1998-2001!!!

Perhaps someone much better with data analytics can play with this site and come back and show us to absolute greed these people have done as they cut the IBM US population by 75% +/-. STUNNING!!!!!!!!!!!!!!!!!!!!!!!

Another example IBM Vice Chairman Gary Cohn (typical slimy Wall St guy and invisible at IBM for the last 5 yrs, 25 yrs @ Goldman Sachs) seems to have been given and then quickly sold $66,000,000 of IBM stock in 5 yrs!

And of course our beloved and humble CEO Arvind...please find a chair...he seems to have amassed (ie awarded himself) 658,000 IBM shares...At closing price of $300....that is $197,000,000!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

#Company #PIP #RA

watch Company Retreat (on Prime)

ELT, GPs and other senior leaders - Please watch Company Retreat on Prime before you do anything more. It's the sequel to Jury Duty and raises many themes we're all experiencing now. Watch how your families react. Notice which characters resonate with you, your (age appropriate) children, and spouses. Notice who the bad guys are and why.

Associates on this forum, please watch it too, if only to remember what a workplace family can be like, to mourn what we're losing, and laugh a bit too. Remember, most people are GOOD people and not solely in this life for money. Yes, it's a fictional story, but the themes are real as can be and at once topical and old as time.

#Company #Culture #EmployeeEngagement #Leadership #WorkLifeBalance

IBM to change it's name to Bob

OMG am I sick of seeing and hearing and worst of all seeing that id--tic Lego looking thing Bob. Since Robbie Thomas will soon replace the dinosaur that Arvind is now 4 years past IBM's tradition of leaving at 60, why the heck did they at least call it Rob? These are the mtgs and debates IBM's army of DEI execs and legal and finance teams now have. 6 months of mtgs and 4,000 people involved and they land on Bob. What a dumpster fire IBM-Bob-Rob is. Sad.

#Change #Company #Culture #Discussion #Leadership

Let’s hear those RTO testimonials! Has anyone else had to avoid human fe--s while walking to their building?

Yes, you read that right. Twice now I’ve had to watch where I walk because someone decided to de-----e in public. I never experienced that while remote. Before I forget did anyone see the pervert exec on the home page this week. Gosh it’s going to be so uncomfortable when he speaks to us at the June town hall. Hopefully he doesn’t ask us about our boxers or briefs 🥴 >> https://www.thestandard.com.hk/finance/article/167954/BlackRocks-Mark-Wiedman-sorry-for-off-color-comments-to-women-such-as-boxers-or-briefs << When I’m not playing frogger to avoid stepping in sh-t I’m either (1) hoping for my bus to arrive less late than usual (2) watching my back as a woman amongst the crazy people in town (3) witnessing open air dr-g use/dr-g exchanges and public urination (4) avoiding confrontation of any panhandler because I’ve seen the tension escalate to punches being thrown and if it comes down to it I would like to defend myself but I can’t carry a pepper spray deterrent with me and into the building (5) calling the babysitter to let her know I might be 80 minutes or 120 minutes before I get home (6) chatting with my son to see how soccer practice went since I can’t be there as often (7) hoping that my vehicle didn’t get damaged sitting at the park and ride lot (8) wondering if I’ll have enough time tomorrow to complete what I couldn’t get done in office the previous two days. Plus much more. Don’t ask me how many home cooked meals I’ve been able to make and eat with my family like we usually did before May 4. On the financial side of things I am struggling with this worrying dilemma. Do I cancel my IRA contributions to cover the cost of daycare and a frequent babysitter? Do I cancel my HSA contribution to pay for gas? What can I cancel to pay for my time? Seriously I am drained. This is the 2nd payday under the RTO policy and I am in the negative yet again. Thankfully my enormous 1.25% raise allowed me to buy a few tanks of gas this month. Not sure what I’m going to do next month. Probably have to bring the older child into work to avoid babysitter costs. My team is loosing talent soon. I’m sure my workload will increase. I’m sure I’ll be asked to get things done in the same amount of time. I’m definitely sure I won’t get any additional compensation for covering an empty seat. As of May 4, working here has become financially unjustifiable, incredibly stressful and a waste of time. It would be different if this was a job that physically needed my presence. But it isn’t. Same goes for the rest of my team. We have this futuristic ability to do our work remotely like we were doing for years but now all of a sudden we are needed in office to justify their real estate investment. Here is the best part my team is all remote with respect to each other. We are at least 250 miles from each other. The policy literally makes no sense. It’s causing me to lose cents too, well actually dollars — lots of dollars. So yea my testimony is sh-t is literally hitting the fu--ing fan. So if more sh-t hits the fan we can expect to have to avoid more human sh-t piles. If this is brilliantly boring well I am having trouble finding anything brilliant about it. Maybe I’ve been too generous by meeting or exceeding all expectations every year for over a decade. To Bill: make the brilliant decision to reverse the RTO policy completely before you wreck the careers and lives of more of your loyal employees and customers. The customers who no longer want to bank with us because of this terrible decision.

Don’t forget Bill gets a 30% comp increase and executive security. We get pennies on the dollar and a mandatory RTO five days.

#Company #EmployeeRelations #Layoffs #RTO #WorkLifeBalance