#merger

Anybody know if Duke looking for a merger, especially since Nextera and Dominion announced?

Pittsburgh Public Theater confirmed staff layoffs. This action occurred amidst its merger with Pittsburgh CLO. Ongoing financial constraints led to the reductions. Artistic director Shaunda McDill was among those affected. The new merged entity may create future positions.

Pittsburgh, Pennsylvania

https://www.wesa.fm/arts-culture/2026-05-20/pittsburgh-public-theater-announces-layoffs-in-advance-of-merger

Somebody spill it. We know it’s happening.

I’m hearing that Bill is super angry that some wall st analysts caught him over dinner and informed him that our advisory fees in Wealth are way lower than the industry. Word is the old Scott & Stringfellow advisors gave giant discounts and they complain anytime they are minority inconvenienced so Wealth leadership ignored it for years. Turns out we were leaving hundreds of millions of lost revenue on the table. Guessing some leaders in Wealth that have presided over things since merger might be feeling their seat get warm finally.

Hello are the rumors true that Cisco is considering purchasing NetApp?

The Future Maybe ! Absorbed, Sold or Discarded. What do you think?

Is there any consensus which divisions will be hit the hardest in upcoming merger layoffs? P+ was already decimated rather recently. Thoughts or knowledge on if streaming will be hit hard again? Not sure what to expect with the combining of HBO Max

With stock price down and merger looming, anyone know if they will start lay offs before merger? What are thoughts on layoffs in next few months?

What are the chances CDW goes private again or gets bought out by a larger company or private equity group?

All these teammates flying into Charlotte for 2-3 days. Hilarious and bad look. Par the course as they say. Never seen more butt kissing since merger.

The proposed merger between Paramount Skydance and Warner Bros. Discovery could create new jobs in Pennsylvania. Shareholders approved the deal in late April. This merger is presented as a way to prevent Netflix from forming an entertainment monopoly. Pennsylvania's film and television industry is a major source of employment and economic output. Some lawmakers oppose the deal, citing concerns about business consolidation, but the article argues it is vital for the state.

https://www.pennlive.com/opinion/2026/05/pennsylvanias-film-jobs-depend-on-a-merger-washington-might-block-opinion.html

I’ve been thinking ELT is setting everything up for a merger, for awhile now. But lately I’ve started to wonder about a spinoff instead. All this talk about segments… core, new to wealth and high net worth. Think there might be a plan to create the segments in order to spinoff or sell one or two of them?

Paramount Skydance proposes acquiring Warner Bros. Discovery. This merger aims to build necessary scale for global competition. The combined company expects to invest in more content production. Increased production will create more jobs for skilled workers. This deal offers growth against current industry contraction.

Detroit, Michigan

https://www.aol.com/news/paramount-wbd-merger-could-good-223158974.html

From LinkedIn just now, from Karim Bandali:
"I am excited to share the creation of a new Operating Unit at Medtronic focused on Cardiovascular Surgery. Today, we unite Cardiac Surgery and Aortic — each with deep expertise, talented people, and a shared commitment to patients and clinicians."

Passage Bio will reduce its workforce by 75%. This follows tough feedback from the FDA regarding its lead gene therapy. The FDA did not support a single-arm trial for the PBFT02 candidate. Passage Bio has also launched a strategic review for the company. This review includes exploring options like a merger, sale, or partnership.

Philadelphia, Pennsylvania

https://www.fiercebiotech.com/biotech/passage-launches-strategic-review-and-75-layoffs-after-gene-therapy-path-blocked-fda

Whats getting sold and who's buying

St. Lawrence College is laying off 28 full-time faculty members. These layoffs will affect all three of its campuses. The college president stated program suspensions and restructuring caused the cuts. The faculty union, OPSEU Local 417, links the layoffs to a planned merger. The union also filed an unfair labor practice and advocates for increased provincial funding.

https://www.standard-freeholder.com/news/st-lawrence-college-faculty-layoffs

Alight Solutions SPAC merger and becoming a public traded company doesn't seem to be successful. What happened?

I’m hearing merge between IA and BA anyone else hearing ?

New Jersey City University (NJCU) recently notified employees about potential layoffs or demotions. These notices followed the Middle States Commission on Higher Education's approval of a merger with Kean University. The university aims to address a projected $25-$30 million budget gap. This is a second wave of reductions, after 151 employees were cut in February. NJCU will become Kean-Jersey City University on July 1.

Jersey City, New Jersey

https://jerseyvindicator.org/2026/04/29/new-jersey-city-university-continues-layoffs-ahead-of-merger-with-kean-university/

Heard any rumors? How realistic is this?

What are the odds of a mega merger or a CEO change at Honeywell after the split?

Would Aero or Automation merge to form something big? Thinking about the accelerated timing of the split also aligning with Elliott's 1 year quiet term ending.

In such a scenario, history always had a new CEO. How likely will there be a new CEO?

Let them do their thing and eventually sold. Oh the Hubris of SBC Stanley, Stevenson, and their Minions.

Why are CRG branch and market managers celebrating Finet recruits? Are they combining?

FIS Sale with help from KPMG
https://www.linkedin.com/jobs/view/4397200392/
KPMG is currently seeking a Director, Banking and Payments IT M&A – Due Diligence, Integration and Separation – Strategy to join our KPMG Strategy practice.
Responsibilities:
Lead and oversee comprehensive Buy-Side and Sell-Sideassessments across critical IT domains for potential client acquisitions, witha focus on banking / payments platforms and ecosystems; identify key IT risks,opportunities, and investments needed, and deliver executive-level duediligence reports with strategic recommendations
Direct IT integration andseparation initiatives from planning through execution for banking andpayments-related transactions, including retail and commercial banking,merchant acquiring, issuing, processing, and digital payments capabilities;oversee development of IT current state assessments, entanglementidentification, operating model definitions, synergies, and Day one andpost-close plans. Platforms include Fiserv, FIS, Thought Machine and understanding of the data landscape in banking (e.g., Customer360, familiarity with key data platforms such as Snowflake, Databricks etc.)
Develop and executego-to-market strategies for Technology Mergers and Acquisitions offerings focused on payments,fintech enablement, platform modernization, and ecosystem integration; providethought leadership on banking and payments technology architectures, includingcard networks, core banking platforms, fraud platforms, and modern cloud-nativebanking /payment stacks
Establish and manage program governance frameworks,ensuring rigorous oversight of execution across complex, multi-vendor paymentsenvironments; lead development of governance work products including statusreporting, risk management, and issue tracking; implement AI-powered tools forpredictive analytics on project timelines and risks and collaborate with seniorcross-functional teams to identify technology dependencies, risks, andopportunities across payments operations, product, risk, and compliancefunctions
Lead strategic discussions andpresentations with executive IT and business stakeholders, including CIOs,CTOs, and payments product leaders
Manage efforts to mentor and develop junior staff, fosteringdeep payments technology expertise, delivery excellence across the team, anda culture of innovation with a focus on leveraging AI and other emergingtechnologies
Act with integrity, professionalism, and personal responsibility to uphold KPMG's respectful and courteous work environment
Qualifications:
Minimum eight years of recent experience in technology/businessconsulting and/or technology leadership, with a proven track record of leadingIT transformations and advising on complex Mergers and Acquisitions transactions
Master's of Business Administration degree from an accredited college or university is preferred; Minimum of a Bachelor's degree in Information Systems, Computer Science, Finance, or a related field is required
Demonstrated success in leading high-impact IT-focused Mergers and Acquisitions projects with expertise in at least three of the following: systemintegration/separation, platform migration, IT architecture modernization,outsourcing of IT operations, or regulatory technology implementation; advancedprogram management skills, with the capacity to oversee large, complex projectsand deliver strategic insights to executive audiences; familiaritywith leveraging AI-powered platforms for due diligence, synergy analysis, andintegration/separation planning is a significant plus
Proven track record leading complex technology Mergers and Acquisitions engagements (pre- and post-deal) within the Financial Services industry,covering banking / payments sectors; in-depth knowledge of the technology andregulatory landscape specific to Financial Services, including experience withcore banking/payments platforms and the IT implications of regulatory rules and changes
Comprehensive understanding of IT best practices andenterprise IT ecosystems, including major ERP and business applicationplatforms, IT solutions, systems, infrastructure, and cybersecurity
Strong strategic thinking and leadershipabilities with experience developing and executing IT strategies that alignwith business objectives; experience developing and executing go-to-marketstrategies incorporate AI-driven solutions and driving business growth in theM&A space, including client relationship management and engagement inbusiness development activities; proven ability to lead and mentorcross-functional teams

For us that was affected by the recent restructuring RIF, how's the job market in your area? The job market is bad and no one wants to hire experienced talent anymore.

You're too old, you're too expensive and only offering 1099 contact jobs well below your old salary with zero benefits. Sorry, got a family, life and mortgage to pay and that sorry severance package is not going to cover it. They say the average is now 9 months plus for tech people to find a new position.

How are the others on the "restructuring/post-merger" fun club doing?

I guess the ones left back at Ansys are getting cost of living raises and covering all the leftover work from the ones that got the chopping block.

Riddle me this Batman - how is there an IT workshop going on this week in the Jersey City office and we just had an IT Town Hall where the CIO says there’s nothing new to share. You are leading the workshop! and clearly planning for the IT work related to the merger. As one commenter said in the mtg, just say you can’t discuss it at this time instead of saying you don’t know. You clearly know as you are ELT and you are leading the IT merger workshop for Corebridge. This is where you lose the trust of your people.SMH

Has anyone been watching Steifel? Their HQ is in STL, and rumors are flying that they're getting ready to sell or merge. They recently sold off their independent channel, but for no real reason. It had to be for more than debt reduction. The independent channel (industry wide) is growing while the W2 channel is floundering...

https://finance.yahoo.com/markets/stocks/articles/t-mobile-deutsche-telekom-consider-184900959.html

Since Havas US layoffs in 2025, cuts to benefits have been brutal. Health insurance isn't nearly as good as before, vacation have been drastically reduced and talent is fleeing. Noone is being promoted from within and the agency isn't staffing up... instead inexperienced outside contractors are being engaged.

Is this a sign the company is preparing to merge or sell, reducing employees on the books and making itself extremely and painfully lean?

It won't be long before clients feel the pain leadership is extending across the agency and start to flee like valued talent. At this point, everyone is a flight risk.

I’m guessing if and when the merger happens that Jeremy will finally retire and Grace replaced with the NS woman of the year in Mechanical. Merger can’t come soon enough so we get back to some good leadership in Mechanical.

https://www.reuters.com/business/french-telecoms-trio-raise-offer-rival-altices-sfr-24-billion-2026-04-17

They are no longer 3M? Are they Madison employees now, or are they redundant?

I departed Discover in Jan 2025. Discover offered a over arching payout for those who wish to Opt-In and depart. I took it since I had reviewed this C1 on this site and was not impressed. I run into a few people who still work for Discover/C1 and the limited info they have told me is not good. Discover was an awesome ethical company or at least the division I was in was. They people worked hard, cared about doing the right thing and were always willing to help they coworkers succeed. After the announcement of the Discover/C1 merger I even mentioned to a few others at work that we can not believe what Discover Leadership says. Often after a merger those leaders take the Parachute Package (millions) and depart. So why listen to their encouraging words about the merger. Makes me sad to read the new posts on this site related to C1 and how they are destroying any reminisce of Discover.

Flight to saftey over. Vz stock resetting and back to low 40's/30's. Zero strategy execution exposed. Buyback and layoffs only strategy. Without Executive Leadership... BOD only option is merger and tap out with bonuses. Merge with Charter and let Nick Jefferies reset DEI hirings.

IGT announced global layoffs affecting 700 workers last month. This reduction represents about 10 percent of its worldwide workforce. The company stated the cuts align resources with business priorities. Analysts attribute the downsizing primarily to the IGT and Everi Holdings merger. The merger and subsequent acquisition by Apollo Global Management created position overlaps.

Las Vegas, Nevada

https://www.reviewjournal.com/business/casinos-gaming/analysts-too-early-to-tell-how-layoffs-will-affect-igt-in-nevada-3733389/

Looks like SBA is beating Crown to the punch by exploring a sale.

I'm not seeing the same level of employee retention, respect or overall job satisfaction moving forward after the post-merger with SNPS.

The other sad truth was the latest RIF targeted folks that had been with Ansys for 10 plus years marking them redundant and expensive talent.

Ansys was a solid company that treated their employees with respect and dignity. They wanted their employees to successful financially and career-wise.

I bet moving forward that directors and above will be the ones getting RSUs and higher salaries planing for more RIFs while everyone that does the day-to-day work suffer or pushed out.