#merger

Following a settlement with state attorneys general, insiders at Paramount and Warner Bros. Discovery are anticipating significant layoffs. The merger has received approval, leading to widespread shock and a sense of impending workforce reductions. While some executives have received assurances about their positions, the overall mood is one of anxiety regarding job security. The speed of the merger's closing has intensified concerns about the timing of these cuts. Many expect multiple rounds of layoffs to occur before the end of the year.

Los Angeles, California

https://variety.com/2026/tv/news/paramount-warner-bros-insiders-settlement-shock-layoffs-1236872225/

A public art installation in Capitol Park will visually represent the significant decline in California's entertainment sector. The exhibit features an empty film set with 119 items, each symbolizing 1,000 entertainment jobs lost since 2022. Additionally, 29 silhouettes will mark a 29% reduction in film production during that same year. This installation is part of a broader effort to urge the Attorney General to protect entertainment jobs. The artists hope to draw attention to potential layoffs stemming from the Paramount-Warner Bros. Discovery merger.

Sacramento, California

https://fox40.com/news/local-news/sacramento/sacramento-artists-to-install-empty-film-set-urging-attorney-general-to-protect-entertainment-jobs/amp/

https://www.barrons.com/articles/wells-fargo-cfo-bank-mergers-491878b5

Last Friday there was big party walk through of the entire facility literally of like 20 people. Rumors say it was one Baker big dog and our lower management of the Brittmoore facility said they were not told who the others were. I also heard they were told not to sign in with security so nobody knows who they were. What’s up with that? Layoffs? Merger? Buyout?

After merging with texas it looks like a large portion of the east team was cut by C.C. through a deceptive meeting called "Catch up & Connect".

Anyone else feel like this is nowhere near over?

https://pluang.com/en/news-feed/fiserv-satukan-divisi-keuangan-dan-pedagang-buka-peluang-pertumbuhan

I would have thought they would split off instead of merge?

CSX announces cuts across the system, several locations, mostly BMWE track forces. UP will cut track workers after the merger with NS.
Just saying

After some of legal was forcibly merged with compliance, people originally from legal are jumping ship and it has been one of the most satisfying things to watch. Especially knowing the egotistical “head of the table” has to be scratching his head as to why everyone is running away with two middle fingers held high.

Anymore on whats happening in Intl ? (RIFs, BT merger etc)

I know discussions are ongoing but when will they end? Leadership rushing to put icing on the cake to get T-Mobile ready but will there be bidding war from Elon or others?

Frontier is a Verizon company .. now all Frontier and Verizon employee together.

What in the world happened to the two EVP’s of upstream? After all the merger planning, they picked these 2 and then so soon after the merger they both had to be abruptly fired? This is highly unusual. What happened?

What’s the over-under for when we announce that we’ll “merge” with BP. I’m guessing Q3 2027.

I mean we match on colors and both have a clowns running the show.

Check the 8K filings to see Clay got an increase to $1.5MM base salary retroactive to the closing in May and an LTI award of $2.7MM while everyone is told they’ll calibrate compensation next year. Clearly merit based because the merger is going sooooooo well. Everything else is a cluster F@$! Sh-t show but when I put my head down on the pillow at night I sleep well knowing we’ve got just one CEO and he’s clearly doing so well.

If you work in customer service, logistics, planning, pricing, etc - be prepared to train your replacement in costa rica after the huntsman merger. They're for sure going to leverage the global service center in order to hit the 400 million synergy targets.

Shane keller wasnt relevant when he was forced to retire from UP years ago. Now he's trying real hard to get attention with a merger support article in Aug 25 Railway Age article. In his brilliant words, not mine, his guilt states hes not paid to support the merger, yet fair to say if he spent 30+ years at UP hes still a huge shareholder and benefiting quite handsomely from stocks rise from 220 to $310. Pretty sure Kellers getting paid for such a ridiculous article. STB needs to review this. Keller is chairman at Compass and likely wants to win some UP business....different company now and one that stands to benefit greatly, by supporting UP. An inside job even while on the outside. What a disgrace...

Is Baker looking to merge locations in Houston with Chart.

https://www.cnbc.com/2026/08/23/wells-fargo-citigroup-deals-regional-banks.html

• Paramount says delay could cost $1.7 billion in ticking fees through June 1
• Company says it pays Warner Bros shareholders $7 million daily after September 30
• California and 11 states sued on July 13 to block the $110 billion deal

https://www.reuters.com/world/paramount-seeks-188-billion-bond-state-ags-over-merger-lawsuit-2026-08-17/

Merck KGaA's North American division, EMD Serono, has laid off 20 employees at its Billerica, Massachusetts research site. This reduction follows a previous announcement about enforcing onsite work requirements at the same location. The layoffs are scheduled to take effect in late October. The company stated the decision was made to better support its R&D approach and future needs. This move is part of a broader trend of downsizing its American R&D operations as it shifts focus to external innovation.

Billerica, MA

https://www.fiercebiotech.com/biotech/merck-kgaa-lays-20-staffers-latest-blow-us-research-team

Keep your eyes open , name of the game is FTX until you limit out on MAPS , then your gone BEFORE the merger ! managers may choose who they test more , the use of drone FTX and camera FTX will increase substantially along with bird dogging. No back filling thoes who retire ... adds up to a skeleton crew of crafts left and that equals shop consolidations. Oh you'll have a job...... wherever they decide to send you that is.

Ours or Warners? Doesn’t it make sense to ingest all the Warner content into P+ and call it good or are we just going scrap everything we’ve built for the past 4 years?

“IMO lowering head count for an upcoming merger/sale.”

This was a comment on one thread, and I have heard someone else at work say the same.

Do we think this is what’s going on here?

Are there any possible pros to staying after a sale?

I also heard Abby got fed up with reporting showing that people were not doing as much work from home. (Obviously many of us work better at home and it could have been taken up with those folks. Now everyone’s being punished.

This should tell you everything you need to know about how much confidence he has in the company's future once the merger is completed. I'm still holding out hope that it might get blocked, but I know that's almost impossible. I don't want to be a Debbie Downer, but I just don't see a way for this to turn out well, especially for employees.

Just read an article about merger talks earlier this year. Nothing materialized and nothing more is expected to happen but it made me wonder what the combined company would have been like to work for after the merger.

Having joined MPC from Andeavor/Tesoro, I know things got noticeably worse once MPC took over. Both in little and big ways, it’s not been as enjoyable, fulfilling, and rewarding to work at MPC. No doubt MPC has created shareholder value way beyond what was thought possible at Andeavor but I’m 99.99% an employee and only 0.01% a shareholder so I’m not feeling much of that “value add” from MPC.

So, all that is to say: Would an MPC/P66 company have been better or worse?

20 cut from IT this week- almost all of them are over 40. and that’s on G4 side after months of hearing we would be unscathed. trying to meet numbers no matter what it takes…

when do we start the merger with Comcast? before the administration changes I'm sure? are they just going to create a small new company like Altice/Optimum did to place all of their debt in and let that portion go bankrupt?

anyone else hearing that merger rumor?

California approved the merger so I guess we'll see what happens next

Is R2B merging with B2B and what month is it happening?

I have heard of a merger with the PSLs. From 12 to 8 PSLs. This has come with layoffs. Can someone confirm this? What is going on? There is always something happening. I read the other chat saying it could be because of Shannon taking over Jeff.

Fifth Third Bank is implementing further workforce reductions in the Detroit area following its acquisition of Comerica Bank. The bank recently informed the state of its intention to eliminate 234 positions at the former Comerica Operations Center in Auburn Hills. These latest layoffs are scheduled to take effect by September 11. This brings the total number of job cuts related to the merger to over 700 in Michigan. The specific reasons for these additional job cuts were not disclosed.

Detroit, Michigan

https://www.freep.com/story/money/business/2026/07/22/more-layoffs-michigan-53-comerica-merger/91013014007/

Remember when Srini gave you that line of bullsh-t, when in reality he’s just here to try to complete a merger.

When LP communicated no merit increases in Q1, he mentioned that if results were good in Q2, he would reopen the topic. Well, LP tells Wall Street everything is great, rosy, awesome, right on track, etc. and then a week or so later tells the employees the results were bad, and they will look at raises in 2027. That was a gut punch, since this will make 3 years without a raise. My VP told me that his SVP promised raises in August, but we had to sell and inkjet or I would not be eligible. Why do our leaders make promises they can't keep? Here's an idea, maybe fund raises with cutbacks. since we bought Lex, I now have not 1, not, 2, but 3 "VP/SVPs between me and my old SLT SVP. We added 3 layers of people that I have no clue what they do. Why not cut some layers like you are supposed to do with a merger, and fund worker bee merits

Lisata Therapeutics has significantly reduced its workforce by approximately 72% following the termination of a merger agreement with Kuva Labs. This drastic measure aims to lower operating expenses and conserve cash for the company's strategic future. The biotech is also pursuing legal action against Kuva Labs, alleging a breach of their merger contract. Lisata is seeking damages and a previously agreed-upon termination fee. Some laid-off employees may be rehired as consultants.

Basking Ridge, New Jersey

https://www.biospace.com/job-trends/lisata-axes-72-of-workforce-following-failed-merger-with-kuva

Walmart intends to reduce San Bruno staffing mid to late August 2026. August has traditionally been a favorite month for Walmart to lay off associates.

No big deal, though. San Bruno is the leftover bastion from the failed merger, and this appears to be just more cleanup and wind down. There is some speculation, however, that other locations might be hit, as well. We’ll see as more info leaks.

Any rumblings of some sort of merger bonus going to take place? Should be the least they can do for such a painful drawn out merger process.