Anyone know/have any ideas what’s happening in finance?
Posts mentioning hashtag #finance
Below are all the posts — topics as well as replies — that mention the hashtag #finance.
Mention #finance in your post to continue the discussion!
IT services is gone
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.
Which Department?
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
Excellent. Must read :
https://www.linkedin.com/pulse/atts-leadership-crisis-arrogance-financial-collapse-legacy-gnall-9qfoc
Q2 13F
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 ?
Have finance and IT really taken the brunt of the cuts so far?
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.
Nielsen/Fidelity - Pension Annuity
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 Cutting Executives by 50% by 2030
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.
So I guess what you are saying is the CEO, annddd BOD have been lying to shareholders AGAIN? Didn’t they already get in trouble for this and fined. You lie lie lie!
How does Shart’s sphincter smell ya brown nose. Are you here to stroke an inefficient CEO’s ego and spread disinformation. If the focus has changed then shareholders and regulators need to be informed and approved. If what you say is true LOL, there is a very large paper trail and recordings stating that his #1 primary focus is to bring “wells fargo’s risk and control environment into compliance”. Regulators would never approve anything you say until those problems are addressed. Don’t you have a blumpkin that you should be attending to?
Either way, THE SCHART IS INEFFICIENT, OVERPAID, AND HAS REPEATEDLY FAILED. If you think that success is equivalent to being fined multi-billion dollar fines then yiu nuat be the Shartman himself or some minion ATTEMPTING TO DRIVE SOME FALSE NARRATIVE THAT DEMONSTRATES THAT THE Schart, AND THE BOD HAVE BEEN LYING TO, SHAREHOLDERS, EMPLOYEES, AND AMERICA!
Aren’t they being sued by a convent of nuns who are also inventors and have accused the CEO of this exact scenario.
#2023Q4
#2023
#Banking
#2024
#Regulators
Moving Finance job overseas
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?
Confirmed
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 is in big trouble
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.
The fact that you call it a “gravy train” is insulting.
Do you ever stop and wonder why a Saudi led company would want to pay me more than you? It’s because I sold my home, my cars, uprooted my children from their schools and friends, and my wife left work all so we could come to Saudi Arabia and help YOUR company. It’s also because I posses skills you don’t have and still don’t. #finance.
You call it a gravy train, I beg to differ, so do my wife and children.
The truth of it all is your company would be much less corrupt (VP using company jet to buy furniture for his home), much more efficient, and a lot more profitable if you stepped out of the way and let the adults take over.
It’s ok though, I’m just here for the “gravy train” and while I’m here, I’ll continue to watch the death spiral.
It’s not an insult, it’s just reality.
Layoffs in finance
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.