#goodnews

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Dont Worry - Be Happy - Londrina, Brazil

TCS Invests $37M in Brazil, CEO Reassures on AI Impact

TCS CEO K Krithivasan dismissed fears of AI-led mass layoffs. The firm will invest $37 million in a new Brazil tech campus. This facility in Londrina will create over 1,600 jobs by 2027. Krithivasan stated AI boosts productivity and generates new client contracts. TCS reported quarter-on-quarter revenue growth and increased AI services revenue.

https://www.peoplematters.in/news/strategic-hr/tcs-says-ai-wont-trigger-mass-layoffs-as-it-invests-dollar37m-in-brazil-tech-campus-48180


Things are Improving

John Deere Boosts US Manufacturing with Two New Plants

John Deere announced plans to open two new U.S. facilities. These include a parts distribution center in Indiana and an excavator manufacturing plant in North Carolina. The expansion will create over 300 jobs and increase domestic production capacity. This announcement follows a year of significant workforce reductions and scrutiny over international operations. John Deere reaffirms its long-term commitment to U.S. manufacturing and job creation.

https://www.agdaily.com/news/john-deere-us-expansion-following-year-of-layoffs/


OMG Teradata is ki-ling it

24 positions open in the United States, Teradata is crushing it and I want to thank each and every one of you. I know we've all had some arguments here but I'd like to take a moment here to say thank you and hope you can all take a moment to appreciate Teradata and it's contributions to cloud computing.

Steve McMillan if you're there I appreciate your strength and candor during these difficult times. Teradata is lucky to have you at the helm


Pure Chaos

From top to bottom, there’s no shared understanding of how this company is supposed to function. I’m completely worn out by the disfunction. They may tell you it's like this everywhere, but that’s not true. All companies have problems—this one is next level chaotic, and the toxic penny pinching culture does not make up for it. Merry Christmas to all, keep up the good fight if you so choose. Does anyone have good news to share?


Good News !

Boca retiree here. Finally some good news from the Great State of Florida.

Weiss Ratings, LLC out of plush & ritzy Palm Beach Gardens Florida has released its ratings of Mutual of America.

B Rating

https://weissratings.com/en/insurer/l88668

It rates 654 Life & Annuity Companies with 8 receiving an A Rating and 119 receiving a B rating so mutual is in the top third.

They are saying the following:

B     Good. This insurance company offers good financial security and has the resources to deal with a variety of adverse economic conditions. It comfortably exceeds the minimum levels for all of our rating criteria, and is likely to remain healthy for the near future. However, in the event of a severe recession or major financial crisis, we feel that this assessment should be reviewed to make sure that the firm is still maintaining adequate financial strength.

Major Rating Factors: Good quality investment portfolio (5.8 on a scale of 0 to 10) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Fair overall results on stability tests (4.6) including excessive premium growth, weak results on operational trends, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Weak profitability (1.7).
Other Rating Factors: Strong capitalization (7.1) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.0).

Safety Rating
Our financial strength ratings are based on a complex analysis of hundreds of factors that are synthesized into a series of indexes: capitalization, investment safety (Life & Annuity and Health companies only), reserve adequacy (Property & Casualty companies only), profitability, liquidity, and stability. These indexes are then used to arrive at a letter grade rating measured on a scale from A to F. A good rating requires consistency across all indexes. A weak score on any one index can result in a low rating, as insolvency can be caused by any one of a number of factors, such as inadequate capital, unpredictable claims experience, poor liquidity, speculative investments, inadequate reserving, or consistent operating losses.
The ratings are derived, from annual and quarterly financial data provided by SNL Financial LC, the National Association of Insurance Commissioners and State Insurance Regulators. This data may be supplemented by information that we request from the insurance companies themselves. Although we seek to maintain an open line of communication with the companies being rated, we do not grant them the right to influence the ratings or stop their publication. (See Rating Definitions)

F-ck the Comdex ratings


VH vision is paying off at Oxy

There is no doubt that VH and her leadership team are doing a terrific job at Oxy. She is focused on her goal of making Oxy a great company. Her almost one decade of experience as the CEO has made Oxy a well respected and recognized name in the oil and gas industry. The 3Q results is something to be proud of. Her hard work is finally paying off. She is also working hard to pay down Oxy’s debt. Oxy is a leader in innovation and Carbon Capture. I am very proud to work for Oxy.


Melvin Extends Holiday Blessings

Following up to Melvin’s email about SNAP benefits being held and people not being able to put food on the table. He has decided to give each employee a Turkey for Thanksgiving. He thought, what would Jesus do? And it was clear this was the answer. God bless us all and God bless Melvin’s generosity.


Qualcomm’s longest-serving employee

A heart warming article on WSJ about the longest serving employee of QC..

De... ..nch at Qualcomm
Principal engineer/manager
Age: 61
Date hired: 1987

Early days: Qualcomm’s longest-serving employee moved to San Diego after college, looking for warm weather. He saw a classified ad in the San Diego Union-Tribune in 1987 and applied for a role as a technician. He was 22. “I had no idea what the company was,” he said. Qualcomm would go on to power the technology used inside millions of cellphones and other devices, with Punch working on many of the company’s key projects.


At least layoffs are not happening (for now)

Remember why this site is here? Oh yeah... to report on layoffs. All the people yelling "the sky is falling" seemed to have been wrong. We seem to at least have some stability and can focus on doing our jobs and stop looking over our shoulders for layoffs.