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Any thoughts on the US townhall yesterday?

I was annoyed when CH emphatically stated that the WCK footprint reduction was not about cutting costs. Yet the very next statement was telling us they overspend. I’m totally okay with LT telling us they need to cut costs. Every decision Shell makes should have money in mind, either long term or short term gain. I feel like LT is more worried about feelings than running the businesses and that underpins why we lag behind. Without Iran war, we’d be failing horribly. Total BS Emma said chemicals would be improved even without Iran. No Emma, taking ethylene and polymer capacities offline throughout ME region DOES mean we didn’t do this on our own. Our record throughput is not because we understand how to run plants overnight. We have no reason for hubris, all Iran war. But alas, doesn’t matter. Investors DGAF so long as WS keeps working towards sewing his golden parachute.


I move a lot brag posts on linkedin

Look at me! I am starting a new role and the company has relocated me multiple times! Strange posts about how great everything is because someone has relocated d times in y years. I guess people feel the need to make sure everyone is aware of their mobility. The self promotion is a bit over the top.


VBG AVP reckons no foreseeable layoffs

I am an SD and we had our monthly sync during which we were told on numerous occasions that no further layoffs have been planned as our metrics are looking better than where we thought we would be. In fact we were told that there would be targeted hiring in fast growing areas within VBG. This AVP has a direct LoS with other SVPs and has previously been right about the Nov and May layoffs. Dont want to say too much as I might dox myself.


Regulators Deny CMP Rate Hike Request

Maine regulators have rejected Central Maine Power's bid for a significant rate increase. The Public Utilities Commission unanimously decided against the utility's request for nearly $70 million in higher rates. This decision means average household bills will not increase this fall. The utility had warned of potential financial consequences if its request was denied. Company representatives indicated workforce levels might be reviewed following this outcome.

Augusta, Maine

https://www.pressherald.com/2026/10/06/maine-regulators-deny-cmps-7-rate-hike-as-utility-weighs-potential-layoffs/


HubSpot Restructures, Cuts Workforce

Software company HubSpot is laying off 660 employees, which is approximately 7% of its total staff. CEO Yamini Rangan stated the layoffs are part of a restructuring effort to improve speed and customer focus. These changes aim to align the company's structure and resources with its long-term strategy. Rangan clarified that the layoffs are not due to AI replacing jobs or for cost-cutting purposes. The company is reducing management layers to expedite decision-making.

Cambridge, Massachusetts

https://www.boston25news.com/news/local/cambridge-based-hubspot-announces-660-layoffs-amid-restructuring/JYFVTFT2QVEF5EE44PGWKF37CA/


Bailout

Why should the govt fund NVIDIA and DELL ORACLE FACEBOOK .
Vz develops critical infrastructure and funds using investors money. They have been funding their own business for the last 25 years.
Telecom companies get short changed by layoffs, wage plateau, strict confromation to financial guidelines and legal complainces .
Social media companies get a free ride all the way.
Evaluations for
Nvida-$5.7Trillion
Dell-$350billion
Oracle-$450billion
Msft- $3.9 trillion
Google-$4.2 trillion
VZ - $189billion


It's official

Paramount-Warner Bros. Discovery merger closes after nearly yearlong battle, paving the way for Skydance

https://finance.yahoo.com/markets/stocks/article/paramount-warner-bros-discovery-merger-closes-after-nearly-yearlong-battle-paving-the-way-for-skydance-114120057.html


The effect of job insecurity

Prime Day starts today and normally I’d probably stock up on some work clothes, grab a few Christmas presents, etc. This year? Not happening.

With all the rumors flying around Comcast and just enough information leaking out to make everyone nervous, I’m basically avoiding any unnecessary spending until I know if I still have a job in a few weeks.

And I know Comcast is far from the only company where people are feeling this way.

It does make you wonder about the ripple effect. Layoffs or fear of layoffs → people stop spending → companies make less money → more cuts.

What a great economy.


Refining Upgrade

So new head of Refining coming back to a company that should have never let him go. A good upgrade for the company but a clear indictment on the current second in command of Refining. Good for the board to see he is not capable.


Contract Sales

Anyone familiar with the Contract Sales Division? The guys that used to sell appliances directly to builders and contractors. Just curious because I worked for a guy that delivered the appliances to sites over 30 years ago. I always wondered what ever happened to those salesmen. I'm pretty sure the company I worked for went away several years ago.