#industry

In our team meeting today, our SVP asked for patience and stated they didn’t have everything figured out yet. But they were able to eliminate positions based on loosely applied criteria. Crazy how the CB SLT is completely in tact yet have some of the most incompetent leaders in the industry.

My advice to those who're looking to leave EM is to look outside of the industry. If you don't, you'll just end up in a very similar situation with very bleak future prognoses.

For the past several weeks my LinkedIn has been flooded with layoff posts. The industry seems to be in the cutting mood and that doesn't bode well for any of us. I'm really worried about the future...

Will PFAS blow over eventually, or is it a permanent drag on 3M? Thoughts?

Is ADSK planning for a new CEO at the end of the fiscal?

https://staging.elkford.ca/mass-layoffs-loom-over-elevance-health-as-industry-faces-turmoil

Radio station Hot 97 is experiencing significant layoffs as it navigates changes in the media landscape. Host Peter Rosenberg expressed disappointment over the firings, noting the impact on many talented DJs. He criticized the station's strategy of solely cutting costs through personnel reductions. Even a rival, DJ Akademiks, humorously offered to host the morning show for a substantial sum if current hosts were dismissed. These events highlight the challenges traditional hip-hop media faces in adapting to new industry trends.

New York, NY

https://www.hotnewhiphop.com/1013437-peter-rosenberg-hot-97-layoffs

Nearly 100 people gathered to support forestry jobs as a local mill prepares to idle. Approximately 350 workers will be laid off at the end of October. This event was part of a national day of action organized by Unifor. Local leaders and politicians spoke at the rally, vowing to fight for the industry. Many workers are anxious about their future and the potential loss of their livelihoods.

https://ca.news.yahoo.com/nackawic-mill-workers-rally-face-201736883.html

Nackawic, New Brunswick

Oil just hit $110 per barrel. Will this help with O&G jobs? My colleague thinks this could lead to more layoffs across multiple industries.

A federal ban on most hemp-derived THC products is set to take effect soon, creating significant economic uncertainty for manufacturers and investors. Minnesota-based liq-or stores, however, plan to continue selling these items under state law. This impending change is already impacting the state's substantial hemp industry, with reduced orders and some businesses stepping back. Retailers may need to adjust payment methods if federal legality is not established. The future of THC products remains in flux as the deadline approaches.

Minneapolis, Minnesota

https://www.fox9.com/news/hemp-thc-deadline-hits-200-million-industry-leads-layoffs-liq-or-stores-may-maintain.amp

The issues here is build out. Dish tired to build out a national network and failed for 1 simple reason. It will cost at least a 500 billion to build a national land based network that will give the same footprint as the big three. In a lot of cities, building permits for a cell tower takes 5 to 8 years to be issues. ATT, Verizon, T-mob have mature networks that have been build out for decades now. Yeah, you can come in with 500 billion in cash, but to compete head to head with the big three will take at least 20 years of building out and places like NYC, San Fran, LA... it's a 10 year process now to get a cell site build from start to finish and in NYC the cost is anywhere from 2, to 4 million just to build one cell site! Also the amount of spectrum in the 800 band is not very much and will only allow for a started build out, billions and billions more will have to be spent in spectrum buys. Dish was doomed, everyone knew it even the FCC and the SEC...! Dish was used to allow the T-Mob and Sprint merger to happen, it was the reason the merger was allowed, to get around all the SEC regs. However, everyone knew it was not possible and it failed. I am a 36 year RF engineer, at Verizon 17 years now.

Semipublic has updated its Public Media Layoffs Tracker to include more than just job cuts. The expanded tracker now monitors station closures, mergers, ownership changes, and service reductions. This new visualization aims to provide a more comprehensive view of the transforming public media industry. Major events are categorized, and pending changes are also visualized. The organization believes this real-time data offers valuable insights into the industry's direction.

https://newsletter.semipublic.org/p/expanding-the-public-media-layoffs

EchoStar is managing three very different restructuring tracks as Hughes, DWLLC, and DBS move through their respective Chapter 11 processes. Hughes may soon lose exclusivity (debtor driven), which would allow creditors to advance their own plan. DWLLC is preparing for a mutually agreed mediator, and if talks fail, Judge Lopez will select a mediator and impose a formal standstill. DBS has already exited Chapter 11, thus leaving EchoStar with two active cases that are increasingly shaped by creditor pressure.

The contrast reflects the industries each business operates in.

• DBS is part of the mature and shrinking pay‑TV sector.Cash flow is predictable, churn patterns are somewhat stable, and capital needs are limited. This allowed creditors to model recoveries and support a fast, clean reorganization.
• Hughes competes in the capital‑intensive satellite broadband and enterprise connectivity market. Competition from fiber, fixed wireless, and LEO constellations is increasing. Collateral tied to satellites and ground infrastructure loses value quickly when investment slows, which is driving creditors to push for control and an end to exclusivity.
• DWLLC operated in a volatile wireless and 5G infrastructure industry.
Tower leases, fiber backhaul, FCC buildout milestones, and spectrum strategy created significant operational risk. When DWLLC’s buildout stalled and regulatory scrutiny intensified, the business could not meet industry obligations (force majeure litigated by creditors). Judge Lopez was prompted to halt litigation and may force mediation to prevent administrative insolvency.

As for employees, stay aligned with near-term value creation, because creditors prioritize immediate cash flow and operational stability. Avoid relying on long-term internal promises until restructuring paths are clearer. Maintain professional readiness. Stay informed as mediation outcomes and exclusivity rulings can change direction quickly.

Realistically?

How am I in the minority? It's not the same as it was a decade ago, but this is still a god job, especially considering everything that's been happening in the industry.

Tech twenty years ago was viewed positively, and led by a better crop of leaders. While businesses went up and down, there was also a sense of decency with employees. Now, it doesn't matter if it is Intel, Google or Microsoft, be in the wrong group, and you are history.

Most tech chieftains are now regarded as the je-ks they are. Data Center pushback isn't just. about not wanting an ugly building in your neighborhood, it is symbolic of the dystopian tech bro leaders, AI without ethical direction or care, and the sense that a few billionaires sitting on bunkers around the world really care about society, democracy, fairness or you.

Tech went from being a great industry, great pay, to an increasingly toxic industry, both from employee and society. Best advice, get out. It's become a sh&tty business run by a bunch of greedy je-k offs.

I got out a year ago, couldn't be happier.

Wow, that is spectacular downfall. And I have heard from my retail sources that Hoka and On has slowed a lot.

This is perfect storm of economy, fatigue by consumers with same styles and lack of design direction in the industry.

For next round of upswing in the industry, the answer is TIME. And it might take a while and it might have to start level that way lower than now.
And in meantime, there could be a lot more pain including downsizing and layoffs etc.

I've watched coworkers jump to competitors and complain about the exact same issues we're having. It's the same circus, just different clowns.

One thing that needs to be pointed out right away is that of the more than 25,000 employees Verizon had when Dan Schulman took over as CEO, none have been members of the telecommunications union. He hasn't laid off a single union worker. He has completely focused on managerial and sales professionals.

The second thing that needs to be pointed out is that the reason no union members have been laid off is that the governments of California and New York would only approvate Verizon's acquisition of Frontier Communications if the union jobs were preserved. Presumably, =managerial and sales workers also vote, so one has to wonder why thee government regulators did nothing to protect Verizon's non-union workers. A lot of Verizon workers who were laid off were replaced by Frontier workers. It's sick, The merger should not have been approved without a guaranty of no layoffs. Our governments failed us.

Beyond that, Verizon's layoffs were unfair and indiscriminate. People with stellar performance reviews, in line for promotions, were suddenly let go, without recourse. Dan Schulman and his new management team did not even meet with the people they fired.

Verizon is in a highly regulated industry and should be sanctioned for its behavior.

I am resigning to work at another company that is in our industry but much smaller. Will they walk me out as soon as I resign? If so I don’t want to give two weeks notice.

Hinterland has confirmed workforce reductions following the postponement of its upcoming game. These layoffs are a direct result of the studio's need to manage its financial resources. The decision highlights the precarious nature of game development and project timelines. This move suggests a potential recalibration of the studio's development priorities. The news serves as a stark reminder of industry instability.

Vancouver, British Columbia

https://gamedev.net/news/1626-hinterland-confirms-layoffs-after-delaying-the-long-dark-sequel/

Mass layoffs have impacted four prominent music journalism outlets, leading to industry-wide condemnation. The publications affected include Alternative Press, BrooklynVegan, Revolver, and Goldmine. These cuts were enacted by Veeps, a live-streaming platform co-founded by Joel and Benji Madden. The move has drawn significant backlash, particularly given the role these outlets played in the early careers of bands like Good Charlotte. Additionally, former employees have come forward with allegations of workplace harassment.

New York, NY

https://ghostcultmag.com/madden-brothers-veeps-layoffs-alternative-press-brooklynvegan-revolver-goldmine/

WALMART WILL BE CARRYING NIKE AND NIKE'S BIGGEST GROWTH WILL COME FROM WALMART.
AND WHOEVER NIKE CEO IS THEN WILL BECOME BIGGEST WALMART A--KISSER OR BROWN NOSER.

IF PK IS DEAD BY THEN HE WILL FLIP IN THE GRAVE

ANTA WILL BE NUMBER ONE IN THE WORLD! FOLLOWED BY ADIDAS AND LINING.

NIKE WILL BE IN FOURTH PLACE

Get woke, go broke:

Teradata’s fall can trace directly to SM hire.

He went directly to DEI, ESG and hiring based on imputable characteristics…

Managers had DEI dashboards with bonuses based on DEI. ESG was front and center with Each all hands meetings.

Pronouns had more priority than a bullet proof Business plan…. Changes to internal systems to make they/them smile.

ELT hires? Pure DEI.

6 years of woke put Teradata in this position.

Go woke … Go broke.

Teradata… the perfect case study

I was headhunted to work elsewhere in a more "stable" industry in a banking company. The company is growing and could be good long term . My department at Verizon is actually growing despite layoffs and going to start hiring in a few weeks as well.
Would it be crazy to leave Verizon where I know the role the functions and might have security? Or crazy to not leave and better to get out ahead?

Intel is no longer actually company competing in the chip wars. It's not even on the DOW anymore. Intel is now publicly owned by a conglomerate of industry leaders and the US federal government. Who really cares if Intel wins or loses in a game it is no longer competing in?

86,000 — So many people at top who don’t understand a thing about what Cisco sells
What’s ELT doing about the useless fat layer ??????

July saw significant turmoil in the cryptocurrency industry, with six platforms ceasing operations and seven others implementing substantial workforce reductions. This period highlights a challenging market environment, impacting both established exchanges and infrastructure providers. Several companies cited market conditions and strategic shifts as reasons for their closures or downsizing. The trend suggests a broader industry consolidation and a reevaluation of business models. This wave of closures and layoffs paints a stark picture of the current state of the crypto sector.

https://egw.news/crypto/news/36434/cryptos-bad-month-six-firms-collapse-seven-more-gu-4k1Tgtmg5

He is explaining how he has reignited growth of an old fashioned industrial giant.

It’s been a year since Shell declared they were not going to make an offer on bp. And there have been almost no speculation about mergers or takeovers since then. This place must be so unappealing to the rest of the industry. Someone please just step up and do what need be done.

I highly recommend reading up on the “One Big Beautiful Bill' signed recently. Understanding the details of this legislation provides a lot of insight into the broader industry shifts, which explains why the company is offering the VSP and discussing potential layoffs right now.

PlayerUnknown Productions announced staff layoffs. The company could not obtain sufficient funding. Brendan Greene cited the tough industry climate for the reductions. The team will continue developing its new game, MELBA. Their first game, Prologue, is now available for free.

https://www.kitguru.net/!https://www.kitguru.net/gaming/matthew-wilson/playerunknown-productions-hit-with-layoffs/

Guess we need a new forum in a week.

The gaming sector anticipates widespread staff reductions. Bungie may cut up to 400 employees due to project issues and investor pressure. Quantic Dream also faces potential cuts of around 115 staff after publishing failures. Reports suggest id Software, Bethesda, and BioWare are also at risk. High development costs and project portfolio reviews contribute to industry instability.

https://hi-tech.ua/en/a-summer-of-mass-layoffs-the-gaming-industry-is-preparing-for-a-new-wave-of-layoffs/

OtherSide Entertainment cut 17 jobs. This followed the cancellation of its Argos project. The studio deemed the game unviable in the current market. The job cuts took effect in late May. This reflects ongoing industry pressure for even veteran studios.

https://gamedev.net/news/otherside-entertainment-cuts-17-jobs-after-argos-cancellation-r4009/

Many people outside the oil industry believe oil prices will decline rapidly once the Strait reopens and remain low in the coming years. However, the CEO of global oil giant Shell (NYSE:SHEL) has a different view. He expects oil prices to continue rising long after the war ends.

Ideas? What happens to Shell’s 8 year reserve life?

you should do NOW is bag your Nike job. Give your manager an hour's notice that you are resigning from your job at the end of the day. Let's say you normally get off work at 5 pm. So, you should tell, email or call your manager at 4 pm and say Adios! Then at 5 pm as you walk out of your Nike office for the last time.
Your next move should be a career change. So, to make yourself sound like a solid prospect to potential employers in whatever career change you decide to pursue, you need a good resume even if it's fake. Like where you take all the credit for someone's else work saying you did this and that and saved Nike a billion dollars. With this approach your bound to get your foot in the door with whatever company you want to work for next.