#finance

https://www.dailymail.co.uk/yourmoney/article-15597141/jack-dorsey-block-layoffs-ai.html

"Jack Dorsey has axed thousands of workers at Block, the parent company of Cash App, Square and Afterpay, in a move signaling a major shift toward artificial intelligence.

In a note to staff, Dorsey explained that Block would be taking on risk by investing in 'intelligence tools,' as the company cut more than 4,000 employees on Thursday:

• "today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone."

The company said workers affected by the layoffs will receive 20 weeks of pay, in addition to an extra week's salary for every year they worked at the company.

Those let go will also keep their corporate devices, receive stock benefits through the end of May, six months of health coverage, and a $5,000 payment to help them through the transition.

Employees outside the US will be offered similar packages, though details will vary by country, the statement said.

All employees were told they would be informed the same day whether they were being laid off, entering consultation, or keeping their jobs.

Block's shares surged 24 percent following the announcement of the layoffs, according to CNN."

Are we going to see similar restructuring here shortly?

Without the buyback, it would be even lower than it is

Between the all time high stock price in late 2021 and now, NKE value dilution is nearing half a trillion.

Why are we holding on to our CFO?

https://seekingalpha.com/news/4556964-citigroup-forms-team-to-finance-ai-infrastructure-bo-m

Lend money to companies that make no money. What could go wrong?

"Skyworks Solutions (SWKS) faces challenges with declining revenue and rising costs" (correct) "but is still positioned to benefit from the growing demand in the radio frequency industry" (really?)
The stock performance speaks for itself, two losers don't make a winner, do they?
https://finance.yahoo.com/quote/SWKS/

It’s time Dell stock becomes what it is. Bag holder stock

Part of the 12/19 group.

Of course once it's deposited in my TOD acct isn't thousands lower....smh.

Anyone else?

All of them are 2x income and in better financial condition. Karma got me on this one. My50% bonus no bueno.

"Our multi-factor analysis indicates that the time to sell FISV stock might be approaching. We maintain a generally negative outlook on the stock, and a price of $43 could be feasible. We believe there is a near-equal balance of positives and negatives in FISV stock considering its overall Moderate operating performance and financial health. Therefore, despite its Low valuation, this contributes to the perception of the stock as Risky.".......Forbes

Look out below. Market has lost faith in Arvind and Jim's financial engineering shenanigans.

I like how the bank sits on our money earning interest for a week prior to paying it out. Should be criminal.

Finance ops has an external job posting for a credit and collections analyst. Really? Just months after layoffs? The job description says to resolve billing and payment disputes. Can this not be done by AI or competent management? Does the executive leadership not have any prior operations experience that got this approved? Vz needs efficiency and value. Not more inefficient army building with overlap and chaos which directly caused the need for layoffs in the first place. Does Dan know people are posting external manual processing roles just months after layoffs???

Can these retired financial guys manage a telecommunications company?

https://uk.finance.yahoo.com/news/citi-trims-china-leans-u-135008357.html

Year Net Income* ROCE**
2015 $16,150 7.9
2016 $7,840 3.9
2017 $19,710 9.0
2018 $20,840 9.2
2019 $14,340 6.5
2020 ($22,440) (9.3)
2021 $23,040 10.9
2022 $55,740 24.9
2023 $36,010 15.0
2024 $33,680 12.7
2025 $28,884 9.3

• Reported As Millions Of Dollars
  ** Rate of Return on Capital Employed

Shares of Gemini dropped over 14%. Three senior executives are departing the company. This includes the Chief Operating Officer, Chief Financial Officer, and Chief Legal Officer. These changes are part of a broader restructuring effort. The company also reduced its global workforce by 25% and scaled back foreign operations.

https://coinpaper.com/14699/gemi-stock-forecast-crypto-exchange-gemini-layoffs-trigger-15-decline

Noticed the estimated Lump Sum payout is LOWER for 2026 vs. 2025, which is both alarming and surprising - especially since interest rates declined in 2025 ….. so, I was expecting to see an increase in the Lump Sum amount. Anyone else experience this, and any insight or explanation ??

Just incase anyone was wondering. Payments on this new $405M loan work out to roughly $49,931 PER DAY 365 days per year until march 30th of 2031... and on April 1st 2031 Theres a balloon payment due of just a hair shy of $323,000,000.

OR $69,827 EVERY SINGLE WORKING DAY. $8728/hr... every working hour, for five years.

Oracle spent on Tiktok, Oracle spending on Datacenter. Though this might facilitate Oracle in long run,
its going to definitely affect a lot in the short term.
Revenue ? Employees ?
Waiting on March earnings report

They just borrowed another 475m at an 7.5% interest and a 2% royalty on top!

They call it a joint venture.

ROFL

"Similarly, inside IBM, there are many whistleblowers and some of them come to us directly, others post in online forums. They're sick and tired of their lying CEO and crooked CFO, who seems to be focusing on financial engineering, not technical engineering." https://techrights.org/n/2026/02/17/Resisting_IBM_and_EPO_Corruption.shtml

Mano posted on LinkedIn to announce his exit. What could possibly have been so bad to leave after a year? So many legacy execs have failed miserably and easily remain on the payroll, especially in finance. What happened?

Are we eligible to claim tax relief on pension contributions? Noticed that the deposit into the pot would be numbers from payslip only.

From under $12.8 upto $13.4 today just under 5% in a day. You won't get that in a bank account.

Under $13 is good.

If you were gifted the 6 BNY stocks in 2023, friendly reminder that today is the day they become unrestricted, and the shares are now available to sell. ; )

Latest Morningstar Peer Rankings. Fund manager of the 2020 fund deserves no quarterly bonus and punished by being banned to the dog house. You judge:

100 = worse performance; 50 or Lower number = better performance

Worst Performers

1. MoA Clear Passage 2020 Fund — 100
2. MoA Retirement Income Fund — 97
3. MoA Intermediate Bond Fund — 96
4. MoA Core Bond Fund — 90
5. MoA Conservative Allocation Fund — 76
6. MoA Clear Passage 2025 Fund — 75
7. MoA Clear Passage 2030 Fund — 74
8. MoA Clear Passage 2035 Fund — 72
9. MoA Clear Passage 2050 Fund — 68
10. MoA Mid Cap Value Fund — 67
11. MoA Catholic Values Index Fund — 66
12. MoA Small Cap Value Fund — 65
13. MoA Clear Passage 2040 Fund — 59
14. MoA Equity Index Fund — 57
15. MoA Clear Passage 2055 Fund — 56
16. MoA Clear Passage 2045 Fund — 50
    Mid‑Tier Performers
17. MoA Mid Cap Growth Fund — 46
18. MoA Balanced Fund — 42
19. MoA Clear Passage 2060 Fund — 41
20. MoA Moderate Allocation Fund — 40
21. MoA Clear Passage 2065 Fund — 37
22. MoA Mid Cap Equity Index Fund — 34
23. MoA Small Cap Growth Fund — 34
24. MoA Aggressive Allocation Fund — 32
25. MoA Clear Passage 2070 Fund — 29
26. MoA Small Cap Equity Index Fund — 28
    Best Performers
27. MoA All America Fund — 22
28. MoA International Fund — 15

You cannot imagine how serious the memory crisis is the company is facing right now. The company has for many months act on it but was not taking much action thus lead to the CEO demise. Now the situation is so bad that the company is exploring reconfiguring/resourcing/reusing memories but the impact is near negligible. The problem cannot be solve with throwing more money at it as it is not a money problem. So bad is the situation that the production rate is so low that it's coming to a standstill. Externally the company is totally handicapped by the memory situation, internally they are tightening up so much that it's scrapping every single cents to can save to cushion the financial impact.

Too many weird financial requests for information from 2-3 years ago. Stop telling us "Audit requests" or "forecast" we are not that stupid, since prior fiscal years have already been audited.

With that amount in the account surely they have enough to give raises. Other companies with nothing can give raises. Whats going on?

I don't get it. Are books going to be cooked?

Thoughts? How is everyone feeling about the ACB numbers?

IRA? Credit card debt? Xanax?

What happened to 401k match? It's February and the match is still not in.

Ok.. my understanding is depts such as Hr, finance and IT are vistance networks
So what happens then if Ruckus and aurora networks are both sold off

Centene posted a $6.7 billion in losses across 2025, 1.1 billion dollan loss in Q4
for contect they made 3.3 billion profit in 2024

https://www.fiercehealthcare.com/payers/centene-reports-11b-loss-q4-elevated-medical-costs-continue-strain-finances

Billions lost in stock value but at least the company is pumping out future of finance and the rising star fuel articles like their the nyt

Let’s focus on the future of fiserv.

Between Q3 2025 and Q4 2025, FSB reduced FTE headcounts from 13,221 to 12,824 (379 FTE reduced). However, Salaries and Benefits expense went up from 1.74 billion dollars to 2.32 billion dollars. This does not include bonuses since bonuses are paid out in Q1 2026. Has Bank really spent so much on severances or has Bank hired highly compensated employees while cutting MSRs?

You can look up the numbers by going to FFIEC call report.

Any layoffs in finance coming up?

With the financials under pressure, Akash will look to reduce operating costs. What is his favorite knob to turn?