#company

I have a few questions I'd like to submit.

AT&T store worker gets 16 months inside for SIM-swap side hustle

https://www.theregister.com/cyber-crime/2026/09/11/att-store-worker-gets-16-months-inside-for-sim-swap-side-hustle/5295898

east coast?

The energy in the office is incredible. We are hiring so many that HR can't keep up

Our stock price is heading up due to all the new customers

There are zero layoffs on the horizon as our CEO said on the town hall

Please raise your right hand.

I pledge to the greatest CEO in the history of the United States. That loves us so much he can’t even breathe.

That I will go out with my family, my friends, I’ll do it any way — I don’t care if I’m registered or not, I’m going to try to cheat like he-l like they do. There’s never been bigger cheaters. They don’t care.

I am going to go out and I’m going to get my friends, my family. And we are going to worship Hock on Nov. 3, or we are going to worship Hock before that.

Some crude Math - if $1.8B was ~21000, the new $700M should be around 8100 people. Looks like ~3000 in the US today so far...

Seems like it will only last a moment
Then bye-bye

Appears a decision was made to lock accounts first rather than risk OWAN access for affected employees. Expect an email to your personal address on file and possibly a call from your manager.

Can somebody please either share or tell me where I can find company severance info? I'd just like to know what to expect in case of layoffs.

There have been rumors for a while, do we know something concrete by now or not?

Never assume Medtronic asking you to move means they plan to keep you around. I've seen people make a huge life change and uproot their entire families for an offer that came with a move and then lose that same job soon afterward.

As in layoffs? Is anything coming?

We used to be an American institution. Working here was a dream for many. Now, all we know are plant closures and layoffs. Those who can find something else are leaving in droves, and I can't even blame them. It's so sad to see an American icon fall so low in such a short time.

I didn't realize how much people hate this place before I started sharing where I work.

The people who get promoted fastest are the ones who know how to impress their bosses. Actual expertise and the ability to lead people don't matter much. Sad but very true.

This time mainly targeting Executives (VP, Snr D, D, Snr Mgrs).

That is all.

https://www.forbes.com/lists/best-employers-for-tech-workers/

SAS (#1 and #2 in the Great Place to Work survey a few years ago) didn't make the top 300 this year. Maybe the layoffs and uncertainty about the company's future are dragging it down.

Any updates on management surplus the rest of the year?

My Manager in Venmo told us in small staff meeting that all venmo layoff were base of last individual performance review

Cutting more than 90 employees across newspapers nationwide in one of its largest layoff rounds in years.

FIS has spent years shrinking after two big strategic bets that have not paid off as promised. The shares are about thirty-eight dollars, down more than forty per cent in a year. Headline profits look strong only because of a one-off gain on the last of Worldpay. Debt is still around twenty-one billion dollars after the firm bought Global Payments’ issuing business.

Staff numbers have fallen from about sixty-nine thousand in 2022 to forty-four thousand. There have been repeated job cuts, and many American roles have been moved to Cognizant or offshore. Chief executive Stephanie Ferris is paid around twenty million dollars a year while the share price has slumped.

Worldpay was a strategic failure of management. FIS paid tens of billions in 2019 for a merchant business that did not fit, destroyed a great deal of shareholder value, and has since been sold off in pieces at a much lower valuation. The Modern Banking Platform looks like a second failure of the same kind. It was built from scratch as the cloud-native core that would replace the old IBS and Horizon systems. Years on, the platforms banks are still buying, and the ones Gartner still ranks, are mainly Horizon and IBS. FIS has stopped actively selling MBP as that replacement. The marketing site remains, but the commercial centre of gravity has not shifted. Building a new core from the ground up is costly, slow and risky. Money and people went into MBP while the installed bases that actually earn fees were neglected, then the firm cut staff and moved work offshore.
The current cuts are the aftermath: tidy the portfolio, lift margins and cash, get debt down, and perhaps sell the weaker capital-markets bits. Selling the whole company is possible later if the shares stay cheap, but it is not the official plan. Customers feel it where a promised next-generation core never became the main product and experienced people leave. Worldpay and MBP were not bad luck. They were management choices, and the leaner company now is what those choices cost.

We will always remember & never forget.

Really interesting LinkedIn post from dr parsons. Sad to see him go.

Anyone else see the invite for the All Hands on October 29th? Do we think that is when more layoffs will be announced?

Uber's CEO and COO have collectively invested approximately $15 million in company stock. This significant purchase occurred shortly after the company announced substantial layoffs. The executives' actions signal strong confidence in Uber's future strategy. These buys represent the largest insider stock acquisition in the past year. The investment comes as Uber focuses on streamlining operations and expanding its robo-taxi division.

San Francisco, California

https://finance.biggo.com/news/b82520a7-f1ee-4e7a-ad99-1ded12d75a3f

Clown show.

The manufacturing firm Straub Design has initiated a round of layoffs. The exact number of affected employees was not specified in the report. This action comes as the company adjusts its operational capacity. Further details regarding the scope of the reduction were not provided. The company has not released a statement on the matter.

New Hope, Minnesota

https://tucson.com/image_7ba7d311-a832-47ec-ac60-c4e3d84af127.html

Jay Hagler is leaving - can’t tell if it’s voluntary or not, either way another rat is leaving the ship!

Looking back. Looking forward

"May this serve as a reminder of our identity as one V Team and our steadfast, enduring commitment to the communities we serve"

"When lower Manhattan was silenced by the attacks on 9/11, 14,000 V Teamers ran to the rubble..."

"Take pride in our history. The legacy of that day lives on as an enduring reminder of our unwavering commitment - we run to a crisis"

I always feel funny when anyone mentions 9/11 in the context of "We are great because of how we responded".

NEWSFLASH

Everyone that could respond, responded.

People that couldn't respond still did what they could from wherever they were across the globe.

In that moment we were not special.
In that moment we were not unique.
In that moment we were not individuals.
In that moment we were not Verizon, T-Moblie, WalMart or any other company name.

In that moment we were Human Teamers taking care of each other as best we could.

I am pretty sure those 14,000 would have run to the rubble regardless of who signed their paycheck.

Maybe it just hits different for me because I, like so many others, can almost remember that entire day by the minute and I don't recall every thinking about who I worked for.

One sentence from leadership about 9/11 25th Anniversary was released to Humana population.

https://www.linkedin.com/posts/george-paras_after-18-years-nike-has-been-kicked-from-activity-7503441416581332993-VGHc

Hearing rumors tech is getting hit?

is this real - https://www.prnewswire.com/news-releases/investigation-launched-into-honeywell-aerospace-inc-hona-robbins-geller-rudman--dowd-llp-attorneys-encourage-investors-and-potential-witnesses-to-contact-law-firm-302859116.html

Can’t keep a job, fired from morgan stanely, who wants to drag him on meetings? Lyons has bad judgement. Waste of $2 million.

Anyone attend?
Thoughts…