#company

https://www.globalbankingandfinance.com/exclusive-ousted-bp-chair-met-activist-shareholder-elliott/

Don't know about you, but AM is growing on me. The company needs someone who is willing to give it a kick up the **.

since 2020, the market cap of TMO today is basically the same as Verizon...what a waste of money ($50+) and time (5+ years). Sad, sad, sad...

Anyone know when or if there will be another round?

https://fortune.com/2026/05/29/blue-origin-new-glenn-explosion-nasa-artemis-contract-bezos/

Fancy Name Tags ( especially as if I invented the AI ) doesn't add ANY value to the corporation..

https://www.startribune.com/executives-at-this-minnesota-company-commute-by-airplane-a-shareholder-wants-to-change-that/601847339

That's it

Is it the usual or have they changed anything?

Had seen the golden era of Verizon US, EU and India completely collapsed. In last few weeks many of my VZI folks. With whom I worked closely left the org. Same thing I observed in different domains so many good byes emails.

Cybersecurity company SentinelOne plans to lay off hundreds of employees. The cuts are expected to affect approximately 10% of its global workforce. This totals around 300 employees worldwide. The company faces intense competition and slightly weakened profitability. SentinelOne will announce the layoffs with its financial statements.

https://www.calcalistech.com/ctechnews/article/bk7cn6rxfx

Do layoffs work like trash days? When there is a holiday, trash pick-up comes a day later than the regular scheduled day. Monday was a holiday this week. Does that mean layoffs will be Friday, May 29 instead of Thursday, May 28?

When do we think the next big layoff is going to be? So many reorgs happening rn

It's really quiet in my org, no notifications, nothing. Is it possibly done already?

We keep hearing June 15th but are now hearing about other dates things will be announced. Anyone know?

It really, really feels and looks like we work for Globodyne. IYKYK LOL

How is this okay? They sit around and share negative opinions about specific employees without any shame. Word gets around fast and now nobody trusts anyone and everyone is scared of being next. That's not leadership. That's bullying, plain and simple.

I've been thinking a lot about the people I've watched burn out here, the ones who stayed late every night, who answered emails on weekends, who pushed through stress headaches and sleepless nights because they thought it was what they had to do. Every single one of them would tell you now that it wasn't worth it. Their health declined, their relationships suffered, and the company didn't reward them for any of it. Your health matters more than their bottom line, and I wish I'd learned that lesson earlier.

We used to do them in June, are they now switched back to March?

A friend of mine just got and email title "Strategy Change" from their Sr. Dir. (she is a GL 28) There are no invitees, it's a BCC: It's for 10AM CDT

He also referred to BP's plans to lay off 'thousands of people', which has not previously been reported.

Source here:
https://www.dailymail.com/money/markets/article-15854489/Ousted-BP-chair-hits-lies-told-colleagues-hide-anonymity.html?ns_mchannel=rss&ns_campaign=1490&ito=social-twitter_mailonline

But where did the 5/28 date came from?

No wonder they are at Lenovo, Intel didn’t want them! All Hands was a sh-t show!

Nike's turnaround effort has not been a quick pivot, to borrow a basketball term. It has been more like a wobbly slide on a dusty gym floor. The stock price peaked at over $170 in late 2021. It was down to $79 in October 2024, when company lifer Elliott Hill returned from retirement to take over and set things right. Now it is $46, a price investors could have paid nearly a dozen years ago.

There are two more problems. First, although shares are cheaper than they were, they are not trading at a deep and obvious discount, at 24 times projected earnings for the company's fiscal year ending May 2027. A bounceback in earnings would help, but estimates for the years ahead have been slipping.

Second, Hill is already doing the things investors are demanding: refocusing the company on performance shoes after years of shuffling along on casual designs, and repairing relationships with stores after an arrogant move online. There are pockets of success, like a modest rebound in North American sales in the latest quarter. But it has not been enough.

It is a tempting buy when one of history's great growth stocks has fallen so much. A 3.6% dividend is a sweetener. But investors should first consider the possibility that Nike's problems run deeper than they appear.

A plunge in demand from China is clearly a key concern, but there are also questions over whether Nike has lost its marketing edge, amid what might be a shift in the phenomenon that brought it to dominance to begin with: basketball stardom. It may be wise to wait for more progress before buying shares.

## Shoe Drop

An investor who held Nike from the start would have no regrets. Shares sold for 18 cents apiece, split-adjusted, at the initial public offering in 1980. But the price had dropped to 12 cents by Oct. 26, 1984. That was the day Nike gambled a then-unheard-of $2.5 million on a five-year shoe deal with a college basketball star who had not yet played a day in the pros: Michael Jordan. The pact was so transformative that Ben Affleck made a 2023 movie about the executive who landed it, called Air, starring Matt Damon.

It was not just that Jordan won six championships with the Chicago Bulls in the 1990s, or thrilled fans with soaring dunks. The 1990s were the twilight of monoculture, when consumers watched the same television shows and read the same magazines, before the internet splintered audiences.

The 1992 Olympic "Dream Team" showed Jordan off to an adoring world. In marketing, there is a proprietary measure of celebrity reach and popularity called the Q Score. Anything over 20 is excellent, and 40 is a rare pop miracle. In the 1990s, Pope John Paul II, a celebrity pontiff if ever there was one, is said to have scored in the low-to-mid 40s. Jordan hit 56. Everyone knew him, and everyone liked him. He made Nike the place to be for top athletes.

In Nike's fiscal year ended May 2025, its Jordan brand did $7.3 billion in sales, or 15% of the company's total. But that dollar figure was down a painful 16% from the year before.

For years, the brand generated hype through limited releases and instant sellouts of retro shoes, which "sneakerheads" traded on secondary markets. During the pandemic, Nike flooded the market, creating an easy boost for sales and profits, but also suffocating its hard-won hype.

Two disastrous things happened around the same time. Nike's Consumer Direct Acceleration strategy under previous CEO John Donahoe involved cutting ties with middling shoe retailers and reducing allocations to longtime partner Foot Locker, while pitching more shoes online for a higher cut of profits. Meanwhile, consumer preference abruptly shifted away from bulky basketball silhouettes toward running aesthetics, especially dad shoes and tech wear. New Balance, Hoka, and On surged, and stores that had been spurned by Nike were happy to give them shelf space.

## The Skeptic

If there is a measure beyond Nike's stock price that captures its slump, it might be operating margin, which averaged around 13% over the decade through May 2024, and is projected to dip below 6% for the year through May 2026.

Part of the decline is necessary medicine. CEO Hill has pulled back on Jordan retro models, along with an oversaturated basketball low-top turned lifestyle shoe called Dunks. He is also making amends with retailers, which has involved accepting humbler economics. The bull case on Nike - less than half of Wall Street analysts say to buy the stock today, versus more than three-quarters at its 2021 peak - is that margins will revert to normal once Nike regains its footing.

Jay Sole at UBS is not so sure. For one thing, double-digit margins for sneaker giants are unusual. Adidas (ADS) had an 8% margin last year, and it led Puma (PUM) and Under Armour (UA). Also, it is unclear how much Nike needs to shrink to grow. Sportswear, including apparel, has recently been half of sales, Sole reckons, even though the company once said it should never be more than 30%. This risks spending down brand equity that was built with performance shoes, and cultivating a customer base of trend chasers, not brand loyalists.

Stepping back, Sole wonders whether Nike has lost what he calls its superpower: the ability to be all things to all people. "Most brands have some sort of limitation," he says. "They are footwear only or they are apparel only, or they are one country only, or they are one sport only, because that is sort of what they are known as. And it is hard to be more than that."

Lululemon Athletica (LULU, +2.90%), for example, attracts primarily women, and Under Armour attracts primarily men. In past UBS surveys that asked respondents which brands are for them, most topped out at 60%, but Nike hit 95%. It sells to men, women, young, old, suburban, urban, and participants in just about every sport, or no sports.

And nobody is doing anything about this.

This is horrible for the country and every single one of us, in progress at Solventum right now just like in 1000s of companies across the country.

I am unsure why everyone is so blind and we are selling our souls.

Yahoo Sports recently implemented a round of layoffs. These cuts affected several longtime contributors. NFL reporter Charles Robinson was among those let go. Charles McDonald also announced his departure from the company. Yahoo cited strategic goals for these personnel decisions.

https://frontofficesports.com/yahoo-sports-layoffs-charles-robinson-mcdonald/

So Staten Island achieved the path to growth when will it appear in the check?

Any area we know for sure is safe?

I've heard every rumor under the sun, and nothing credible yet.

Per Charlie, will you all get the F out of here here please?!?!?!?! Just leave already!!!!

Should be posted daily so we don't ever forget the qualities of our Dear Leader.

Especially all those bootlickers and the standing ovations and softball questions at the Town Halls.

WF CEO CELEBRATES 23 CONSECUTIVE QUARTERS OF HEADCOUNT REDUCTIONS
https://www.bizjournals.com/sanfrancisco/news/2026/04/14/wells-fargo-ceo-layoffs-wfc-earnings-call.html

Any Director/ AD in this form please say. On what basis you are laying off individuals in a team.

Company efficiency move, not for employees benefit - ?!
Discuss all the ways this negatively impacts employees - Go!

I don’t understand how Cigna is hiring for customer service agents when a mass layoff was just done, along with possible upcoming layoffs with IFP/Evicore? Like why not move over the agents who are at risk of losing their job to the customer service department the company is hiring for? What’s the point in hiring others when you have internal people with experience? Why are we hiring anyways with current layoffs? I don’t understand the moves this company is making. Nothing makes sense anymore.

I’m currently working at another bank and it’s getting so bad. Considering internal audit at Edward Jones.

Up to double the previous number from the last round.

Hopefully all the illegal aliens will be shipped back so we can get on with stabilizing a western company.

I’m thinking about leaving Verizon voluntarily on my own terms. Does PTO get paid out? Not personal time or sick days just the PTO hours?

Anyone who says otherwise hasn't learned that lesson the hard way yet.