#finance

This company is out to reduce head count by hook or crook.
Plan your next financial and career plan ahead.
Don’t assume you can stay here till you are 60 or 65.

I just learned about this so want to share. If you're like me, you've likely had a large pension adjustment (PA) applied by the CRA every year only leaving you like $3-5k of RRSP room. The PA is calculated on your T4 each year and applied to the next years RRSP room. This is significant for us because our severance must be paid out in a lump sum and so there's no option to taking severance over multiple tax years to drop into lower tax brackets. The PA always bothered me because I thought 'what if we don't actually get our pension in the end because of bankruptcy/buyout/whatever' (eg: Sears).

So I just learned the way this is dealt with the pension plan issues a form T10 - Pension Adjustment Reversal (PAR) within 60 days of turning over the commuted value. According to ChatGPT it works like this... The Pension plan calculates all the pension adjustment you've had in the history of the company and adds them up, then subtracts the commuted value (CV). The difference is your PAR and it will be available in the next tax year as extra RRSP room and show up on your notice of assessment.

Example:

You are laid off in December 2025. You take your Pension CV of $200k in 2025 which becomes a tax sheltered LIRA. Over 15 years with the company you've lost $300k in RRSP room through PA's ($20k/yr * 15). Your PAR = $300k - $200k = $100k. By Feb 2026 the pension plan must report the $100k PAR to CRA. In spring 2026, your Notice of Assessment will show you have a $100k PAR, basically $100k extra RRSP room in 2026. Then also in 2026 you take your deferred severance of $200k and you can buy $100k of RRSPs that year, tax sheltering half of your severance.

Investors have parted with unprecedented sums of money to help AI fulfil its lofty promise. But no one really knows how it will all pay off.

https://finance.yahoo.com/news/why-fears-trillion-dollar-ai-130008034.html

An all-cash deal to buy an OMS nobody’s even heard of. Most of their marquee clients have already walked. The president of LB was quietly shown the door, and there’s still no real leadership in place. How on earth did none of these red flags come up during what was supposed to be “extensive” due diligence before the acquisition? At what point do RR, SK, and FF get held accountable for these missteps? How is this not shaping up to be Cymba 2.0? And when does Sanoke finally break up the boy band and bring in leaders who actually know what they’re doing?

I know someone out there will be able to answer this. If we get rid of OxyChem and use the proceeds to pay down debt how does that affect the stock price and market cap. Right now our market cap is appx 44 billion. If we are losing such a large asset does that affect our actual overall worth? I know if the cost per share goes down the market cap does as well, but since we sold such a large asset would it not bring our true value down. Add in the debt and we should have an enterprise value of around 60 billion after debt is paid down.

Can somebody plz enlighten me why Fiserv keep acquiring companies indiscriminately? We havent reported any profitable earning reports, yet the employee bonuses and incentives are crumbs compared to the money the money the administration say they dont have but spend in these buys.

Any layoffs in procurement? It was apart of WPL but got reorganized under finance now

Howdy,

Got an interview request to do cyber controls/risk work with a "crypto leader." Recruiter is being coy about which firm but I figured I'd post here for thoughts.

Anyone here have info on how the gov/risk/compliance departments are here? Would you recommend leaving a similar job at an established top 10 bank for a riskier job in this space for an 80k pay bump plus equity?

I did see there was a 20% layoff in "crypto winter" 2023 but my current company had a bigger layoff in recent years so not sure how worried I should.

Hearing some finance functions will be outsourced. Anyone have details?

U.S. layoffs to resume today/tomorrow
SCM, Finance, HSE, Environment

"Tricolor contagion is spreading. Confirmed bank exposure: Fifth Third ( $FITB) ~$170–200M, JPMorgan ( $JPM) ~200M, Barclays ( $BCS) [secured], Origin Bancorp ( $OBK) ~$30M. Subprime auto fraud is bleeding into regionals—provisions & ABS downgrades likely —and growing."

@1CoastalJournal

https://x.com/1coastaljournal/status/1966695923167142191

Has anyone heard any news or details on the updated capital structure that was alluded to being explored to back in March?

The only thing I've heard is that those leading the work have been going around to GPs and SLPs to get their feedback and ideas.

We can all assume those GPs and SLPs will be generous and not make associates jump through a bunch of hoops and politics to benefit, right? right? GPs are totally supportive of taking slightly less and would never be personally motivated in their input, right?

So I have a couple of senior folks who work for Wall St. firms , and they have given me a heads up that Q1 is going to be a major hemorrhaging of white collar jobs,sectors mostly affected are big pharma, telecomm ( including at T. , VZ and CISCO) , and finance. .

Basically, companies are already pricing in the rate cut, but the unemployment numbers coupled with tarrifs effects and a expected weak holiday season is going to cause this.. so better save your nuts this winter..

Finance town hall cancelled. Hard to be optimistic. Should we expect anymore RIFS in finance? Especially with new VP finance transformation.

Based on today’s announcement

So the market cap is currently under $500 mm and the Goodwill is valued at $1.984 Bn.

How is this even possible. They will cram this down, right?

Xerox Credit Rating Cut to ‘B’ Due to Lexmark Integration and Low Cash Flow.
https://tonernews.com/forums/topic/xerox-credit-rating-cut-to-b-due-to-lexmark-integration-and-low-cash-flow/
#print #printer #toner #tonercartridges #tonercartridge #InkCartridges #Printing #Ink #printercartridges #copiertoner

Someone Just Bought 1,246,200 Shares of Xerox, Valued at $6 Million.
https://tonernews.com/forums/topic/someone-just-bought-1246200-shares-of-xerox-valued-at-6-million/

Xerox Credit Rating Cut to ‘B’ Due to Lexmark Integration and Low Cash Flow.
https://tonernews.com/forums/topic/xerox-credit-rating-cut-to-b-due-to-lexmark-integration-and-low-cash-flow/

Coming to a pink slip near you.

Last year Penny was compensated 29 Million Dollars. If each person laid off had total income of 100,000 including salary and benefits, the total cost is 25,900,000.

So if Penny took one for the team she would only made a paltry 3.1 million dollars. Granted, she wouldn't get out of bed for such a peasant salary, but in my fantasy land 259 families would be well taken care of and she would still make 12,500 a day, 62,500 a week and 250,000 a month.

Granted, never will I be in a situation where I get to pick between being elite wealthy, or just really rich. Amongst the many reasons is the fact that I could never sc--w over so many people in the pursuit of my own interests.

So often we are blinded by blind idealism that everything should be unlimited, greed is good, and that anyone who says otherwise is a Socialist. Im not that, but I am also not one that believes a handful of the lucky sp--m should make more than 259 well paid people.

We really need to start looking at the big picture instead of glorifying the people that are ra-ing and plundering cast resources for their own enrichment.

News flash, Penny doesn't, and never has given a f--- about you, me, or anyone. Penny cares about Penny's purse. Insane

Anyone know/have any ideas what’s happening in finance?

The entire IT services just got outsourced to Accenture and everyone got laid off. This is just the beginning. Marketing, finance, HR and legal are next.

Please post which department you’re in if you were impacted by the layoffs so others in those areas have an idea..

Examples;

• Finance, Demoted
• Tech, ISP
• Marketing, ISP

https://www.linkedin.com/pulse/atts-leadership-crisis-arrogance-financial-collapse-legacy-gnall-9qfoc

The latest 13F filing was done. Cap Management has $9.3B in Q2 in 2025 compared with over $10B in Q1 of 2024. Market has been up about 13.5% per annum since then. Is there a stated strategy to actually grow the AUM or is it mainly loss avoidance ?

As others have pointed out, it’s so hard to see the big picture, or to really know what to expect in one’s neck of the woods.

I started with Nielsen in the early 2000's and at that time they had a retirement annuity program vis Fidelity. Dave Calhoun was quick to end that bad boy asap once he raided the place in 2006. I'm long gone from Nielsen but I still have this small annuity from about 6yrs of work which totals about $35K and says my payout can only be monthy when I turn 65 (retirmente age)...which will be about $200 per month. So not really much money at all. I'd love to try and get a lump sum now which is what many of my colleagues at the time got when they were let go or quit (however they were employees from the 80s and 90s). Is anyone familiar with this pension plan or how to go about getting a lump sum payment? I've tried several times to do so on the fidelity website but always get rejected. Thanks.

Finance oversubscribed, and reducing number of executives dramatically by 2030. Significant pressure to reduce potential of younger staff. Although has been happening for few years now, more pressure again this year. I had executive potential 2 years ago, recently told no longer executive potential, not competitive. Many with executive potential last year will lose this year.... but interning MBAs who will surely become future executives.... hmmm Ask you manager!! Most wont volunteer this information on your potential change but will communicate if directly asked.

CFO just announced that we are going to cut US finance jobs (both voluntary and CPM) to increase HC in lower cost center like Costa Rica. And apparently only targeting to US finance employees. How is that ok especially when the company took government fund (source from our paycheck) to increase OVERSEAS jobs?

Sources are saying that the big chiefs are in a meeting together and they confirmed that they heard JV and others are putting together the names of the next group. The rumor is May 31 will be billing and accounting department. The on s staying will aquire the responsibilities or be let go. I can't believe they are doing this to people who have worked hard. Good luck everyone.

Hibbett had a massive lay off at their Corporate office Feb of 2019. Many stores are closing. Upper level Management is to blame. Accounting Department is a joke.

Layoffs in finance across the board. Up to 30% and much of the work is moving to Costa Rica

Found this in another thread, anybody knows more about this? I am assuming this is not relating to rumors flying around due to expected Intel's quarterly results announcement.