#leadership

Beyond pure greed, the PayPal Mafia is notorious for being unable to relate to actual humans, and would probably prefer if people weren’t around at all.

We’ve all just learned to live with it, while leadership couldn’t care less. Endless reorgs and layoffs have made one thing crystal clear - hard work and loyalty mean nothing here. At this point, I show up expecting nothing but a layoff notice, while being pushed every day to work like a mule. Sorry, but that’s not happening anymore. And from what I see, the vast majority share the same attitude.

The stock won’t recover through layoffs. Maybe there’s a short-term bump, but long-term we’ve been in a downward spiral. You can’t fix anything with cuts alone, especially when they’re not strategic or tied to a real vision. This company won’t magically grow again. And after years of dumping on its most valuable resource, skilled and competent employees, you can’t expect to be an industry titan.

http://techrights.org/n/2025/09/14/Satya_s_Plan_B_Try_to_Hide_the_Massive_Extent_Scale_Scope_of_Mi.shtml

Run, fellow Cengagers! Roles outside of Cengage exist, at much better pay, and a clear direction for serving students.

Cengage is now an embarrassment in the industry.

I’m trying not to stress, but we’re losing several people to ERP right in the middle of our busiest season, including a couple of managers. The silver lining is that some fresh faces might finally help clean up the mess we’ve been dealing with for years. Need an overhaul.

For anyone close to MW and ELT, what are they saying about the absolutely dreadful morale at Chevron? I'd like to hear their discussions about how they think any of this is good for the company.

Welp seems like we're in for a reorg soon. Heard from multiple people the roles they were hiring for got frozen.

During a recent appearance on CNBC’s “Squawk on the Street,” Keith Rabois, a former member of the PayPal Mafia, told a reporter that he felt that the majority of the people at his company were expendable. “There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois remarked. He added that “the advent of AI and other technologies” made the workforce reduction a “simple problem” to solve.

https://gizmodo.com/opendoor-layoffs-85-percent-meme-stock-2000658512

Truist is winding down its mortgage servicing operations and transferring the portfolio to two new subservicing partners in phases throughout 2026 and 2027. If you work in mortgage, begin looking for other opportunities immediately.

First, the culture has been steadily declining. We’ve become little more than numbers, underappreciated and underpaid. Second, we’re in an era of offshoring, outsourcing, and relentless cost-cutting for the benefit of a few at the top. Employees are the last consideration and the first casualty of any change. Let’s hope these are just rumors, but it’s better to be prepared for whatever may come.

• XAI laid off about a third of its data annotation team, reducing staff by about 500 workers.
• The layoffs follow a strategic shift to prioritize specialist AI tutors over generalist roles.
• XAI's reorganization included tests to assess workers' strengths and determine future roles.

https://www.businessinsider.com/elon-musk-xai-layoffs-data-annotators-2025-9

FRONTIER COMMUNICATONS DID THIS AND FU---D THE ENTIRE WORKFORCE AT D/FW AIRPORT! FIOS FIBER NETWORK MANAGMEMENT CENTER HQ. VERIZON SOLD IT OFF TO THIS LOUSY COMPANY AND MOVED IT TO THE CEO'S SON'S MGMT CO SHITHOLE IN ALLEN, TEXAS!!!

Checked him out. Left UHG long long ago to go PE and consulting.

Will OI be nonexistent by the time he finishes layoffs? That is my fear. A lot of finance and health projects got moved to OI and I feel it’s like being picked for the glue factory.

Any substance to the rumors of layoffs?

No one care to talk about appointment of two senior leaders and the overall impacts?

Hyundai's $7.6 billion pivot hits major snag

https://www.thestreet.com/automotive/hyundai-billion-pivot-us-immigration-raid

Hyundai CEO publicly responds to immigration raid for the first time

This week, Hyundai CEO Jose Muñoz responded to the raid for the first time, detailing just how much of a setback the issue will be for the company.

"For the construction phase of the plants, you need to get specialized people. There are a lot of skills and equipment that you cannot find in the United States," Muñoz said from the sidelines during an automotive conference in Detroit, according to

https://www.reuters.com/business/world-at-work/lawsuit-says-musks-tesla-hires-visa-holders-instead-americans-so-it-can-pay-less-2025-09-12/

Lawsuit says Musk's Tesla hires visa holders instead of Americans so it can pay less

..."The complaint said Tesla is dependent on holders of H-1B visas
, opens new tab for skilled workers, including in 2024 when it hired an estimated 1,355 visa holders while laying off more than 6,000 workers domestically, "the vast majority" believed to be U.S. citizens.
Tesla, based in Austin, Texas, did not immediately respond to requests for comment.
The lawsuit was brought by software engineer Scott Taub and human resources specialist Sofia Brander, who said Tesla refused to hire them after learning they would not need sponsorship for employment, an indication they were U.S. citizens.
Taub said he was dissuaded from seeking one job after being told it was for "H1B only," and not invited to interview for a second job. Brander said Tesla wouldn't interview her for two jobs though she had twice been a contract employee."

The complaint said Tesla is dependent on holders of H-1B visas, opens new tab for skilled workers, including in 2024 when it hired an estimated 1,355 visa holders while laying off more than 6,000 workers domestically, "the vast majority" believed to be U.S. citizens.

About the Project

Alien: American Dream Denied spotlights the emotional journey of high-skilled, documented immigrants as they seek permanence in a country that benefits from their talent, but denies them a home.

America's competitive edge in science and technology depends heavily on high-skilled immigrants from around the world. Yet, while headlines inundate us with the challenges at America's borders, a different immigration issue has been unfolding within the country. The same talent that America depends on for continued success faces an uphill battle to remain as contributing residents.

The employment-based green card backlog has grown to 1.8 million people, and applicants from countries such as India face up to 195 years of waiting for green cards. Nearly 200,000 will likely die before they get out of the backlog. Over 250,000 minors risk deportation from the country they call home if they reach the age of 21 before their parents gain permanent residence.

Alien exposes the human toll of America’s dependence on high-skilled, legal immigrants and how the Indian ​immigrant community bears the heaviest burden. The film intimately follows five Indian high-skilled immigrants ​and their families as they build lives and families in this country in an uphill battle toward their American Dream...

1. What is your current trust and confidence level in our Chairman/CEO and the Executive Committee? What are the reasons for your perspective?

2. If there is one thing you could change about our current leadership and direction that would help gain more of your trust, what would it be?

Mutitle stores in Indiana laid off their entire geek squad employees and did it in one big zoom call.

Time to stop drinking the blue cool aid. Chevron would happily offshore or turn every job tomorrow an AI agent tomorrow if it would bump the stock price 1/2%. Our core competencies are Wall Street FOMO and slow following tech bros culture. Time to stop deluding ourselves that this company values or appreciates employees.

A Memory Book for Mark B? For employees to thank him for all he did at OpenText?? I didn’t think Sandy could get any more delusional or tone deaf, but here we are.

Especially those who returned from remote will be targeted as a punishment for being remote all these years.

I was laid off, and I regret that I worked so hard at my job. I had a good performance rating and never expected this outcome. I worked in fusion tech support, where I cared deeply about my customers and the quality of my work, even putting in time on weekends. I was okay with not receiving a raise in exchange for job stability, but that’s not the case anymore.

While no one owes you anything in life, I realize there is no point in doing more than what is necessary for this company. I’m glad I didn’t waste a decade on this! Aging tech, awfully management, no raise, you wont progress there. I was a foul to have stayed 4 years!!!!

I participated in a marriage counseling session with my spouse yesterday and will share with you some words of wisdom.
If you feel like you have tried everything reasonable to improve things but still feel like you are in a relationship that does not make you happy, then end the relationship and move on.
It is best to end it amicably.
A lot of you here are convinced that you are in a poisonous environment. You also believe that the leaders are to blame.
Just like your spouse, the leaders will be staying, so you can choose to stay in a place that makes you miserable, or be strong and move on.
P.S. Even in marriage, it helps both parties when the relationship ends. At first the other spouse might be sad or think they will miss you but will learn quickly that they were with a toxic partner.

The CEO and executives should take a temporary pay cut. No more excuses.

Wonder when changes will happen given most entities have had some form of restructuring already

Uniti Group (UNIT) – Annual Total Returns

Uniti investors have high hopes there will be multiple rabbits pulled out of several hats and very soon.

new Windstream job site
https://jobs.dayforcehcm.com/en-US/mydayforce/alljobs

Many of the impacted employees are rehired as contractors and silently offering them to full-time.
Many teams have no projects no work they were enjoying the paychecks with no revenue coming from those teams. Heavy favoritism and lobbying going on which teams to retain and teams to be notified to retire. No place for High performers. Junk and people who dont know basics are driving projects they will eventually fail

The most inefficient survey. Not sure why everything is open ended… how are you supposed to collect quantitative data that way to measure against a benchmark or standard? Why do we get surveyed so often with little to no change being made in between? AND THE KICKER IS…. Leadership will comment back but won’t actually address any improvements or action in person!!!!!!! It’s all for show. This place is a joke

Any gossips around PEC India visit, I heard lot of Senior Leaders are traveling to India.

Good article in the Wall Street Journal today: “The CEO Who Wants to Double the Size of His Bank to $1 Trillion.” As I read the article and the quotes from PNC CEO Demchak it became more telling how bad leadership at USB really is. He lays out more vision in a newspaper article than anyone at USB can lay out in 10 town halls. Imagine working at a bank led by a banker, one who grew up at JPM under Jamie Dimon, versus USB led by former McKinsey consultants and spreadsheets.

Jane is giving speeches /interviews on greener grass for M&A deals that is yet to come and stock price is ticking up. Is this some sort of a scheme to get price up, exercise option and then exit the bank?

https://contracts.justia.com/companies/ford-539/contract/135419/

Theres a hunt out for him, if anyone has seen him possibly at his sports franchise or any other place please let DXC know as his currently lost.

BUSINESS IN ASIA / CHINA / SWEDEN
Ericsson in crisis: CEO fired, suspicions of corruption
August 1, 2016 - by News Desk - Leave a Comment
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Ericsson (the Swedish world leader in communications technology and services) is in a leadership crisis and being investigated on corruption. The corporation also announced that large lay-offs are imminent.

With mounting pressure on Ericsson its Board of Directors announced on 25 July 2016, in the middle of the Swedish vacation break, that its President and CEO Hans Vestberg was stepping down with immediate effect. Jan Frykhammar, Executive Vice President and CFO, will assume the CEO position until a new CEO is in office.

Hi y’all. An 8 minute, highly edited clip from the disastrous one hour webcast is now available.
No mention of Yugo.
No mention of Applesauce.
No jokes from HR lady.
No mention of work-life balance.
Highly edited to look more professional

"I wrote The Dilbert Principle around the concept that in many cases the least competent, least smart people are promoted, simply because they’re the ones you don't want doing actual work. You want them ordering the doughnuts and yelling at people for not doing their assignments—you know, the easy work. Your heart surgeons and your computer programmers—your smart people—aren't in management. That principle was literally happening everywhere."