#news

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Is there more impending doom (layoffs) in the coming weeks? Of course it’s always on the horizon, but anything concrete like this most recent one. I know Frank’s favorite gift was a holiday cut to repay us for all of our hard work throughout the year, so I wonder if Takis plans to keep that tradition going.

GAAP revenue for the company was $5.20 billion in the third quarter of 2026, a decrease of 1% compared to the third quarter of 2025. GAAP revenue decreased 3% in the Merchant Solutions segment and was flat in the Financial Solutions segment in the third quarter of 2026 compared to the prior year period. GAAP revenue for the company was $15.52 billion in the first nine months of 2026, a decrease of 2% compared to the first nine months of 2025. GAAP revenue decreased 1% in the Merchant Solutions segment and 4% in the Financial Solutions segment in the first nine months of 2026 compared to the prior year period. GAAP loss per share was $(11.17) in the third quarter and $(8.90) in the first nine months of 2026. The company recorded a non-cash goodwill impairment charge of $6.45 billion in the third quarter of 2026.

GAAP revenue decreased 1% and organic revenue was flat in the quarter;
GAAP EPS of $(11.17) and adjusted EPS of $1.75 in the quarter;
Company affirms 2026 organic revenue and adjusted EPS outlook;
Company raises Project Elevate savings target to $1 billion, up from $500 million;
Company expects to repurchase $500 million of shares in the fourth quarter of 2026

https://investors.fiserv.com/news-releases/news-release-details/fiserv-reports-third-quarter-2026-results

Open-source software company SUSE is reducing its global workforce by approximately 10%, impacting around 190 employees. CEO Dirk-Peter van Leeuwen cited the transformative effects of AI and automation on business operations as the primary driver for this decision. He explained that these advancements have altered operational needs, making some roles redundant and others require evolution. The company aims to reallocate resources towards priority areas and ensure long-term sustainability. Affected employees will be notified by November 4.

https://www.moneycontrol.com/technology/suse-layoffs-open-source-software-company-to-cut-10-of-workforce-as-ceo-cites-ai-and-automation-article-14067277.html

New data indicates Canadian small businesses are experiencing significant financial pressures due to rising costs and reduced consumer spending. Many businesses report shrinking profit margins and lost sales, impacting their ability to cover operational expenses. A substantial portion of owners state that faster access to sales payouts would greatly benefit their operations. Without sufficient cash flow, nearly a fifth of businesses anticipate cutbacks, including potential layoffs. These challenges highlight a growing need for accessible and timely financial solutions for small enterprises.

Toronto, Ontario

https://uk.finance.yahoo.com/news/adyen-data-reveals-canadian-small-130000310.html

Any news from insiders?

Anywhere?

☆ AT&T, Verizon; and T-Mobile (Reject) SpaceX "Starlink" partnership for (Good Reason).

■ SpaceX "Starlink" begging because they know their ambitions are (Garbage).

■ 5-7 years to build out their terrestrial network at a $500.00+ Billion cost (Minimum) with an (Inferior) service.

☆ AT&T, Verizon; and T-Mobile (Reject) SpaceX "Starlink" partnership for (Good Reason).

■ SpaceX "Starlink" begging because they know their ambitions are (Garbage).

■ 5-7 years to build out their terrestrial network at a $500.00+ Billion cost (Minimum) with an (Inferior) service.

How's that GCC in Poland working out?

The hotel giant is preparing for another round of corporate layoffs. This marks the second such reduction in two years. Previously, over 800 positions were eliminated in November 2024. The company is the world's largest hotel operator. Further details on the scope of these new cuts are not yet available.

Bethesda, Maryland

https://www.bizjournals.com/washington/news/2026/10/29/marriott-corporate-layoffs.html

AT&T and Verizon have collectively eliminated 8,000 jobs in the last quarter, significantly reducing their combined employee count. This marks a continuation of substantial workforce reductions for both companies over recent years. Despite CEO predictions, these layoffs appear driven by traditional efficiency measures rather than AI advancements. The companies' revenue per employee has increased significantly during this period of downsizing. Analysts remain skeptical about the AI-driven productivity narrative behind these job cuts.

United States

https://www.lightreading.com/ai-machine-learning/at-t-and-verizon-normalize-layoffs-as-8-000-jobs-go-in-a-quarter

https://x.com/TheLayoff/status/2116199649002578022

Lots posted on ComcastNow.

that's the post

I heard that 2u is losing a major partner. Any idea on who?

Does anyone know about FT being a new client of SS&C starting 2027???

Can you hear me now?

Why is the top post not about layoffs on the thelayoffs.com? Are there layoffs November 16th and 17th?

Comcast Chairman and CEO Brian Roberts received a total compensation package of $35.15 million for fiscal year 2025 according to a SEC proxy statement filed by Variet

The E.W. Scripps Company has announced significant workforce reductions, eliminating 431 positions across the organization. This move impacts local stations, including Cleveland's ABC affiliate, News 5 Cleveland. The company stated that the cuts are primarily related to traditional newscast production and station operations. These changes are part of a broader strategy to adapt to evolving news consumption habits. Scripps aims to become an AI-powered broadcast journalism company through automation and restructuring.

Cleveland, Ohio

https://www.cleveland.com/entertainment/2026/10/layoffs-hit-news-5-cleveland-as-parent-company-scripps-cuts-431-jobs.html

Any news out of this division?

Do we have the final numbers yet? Usually it takes a day or two for the reports to come out. Any news?

That was quick.

https://www.youtube.com/watch?v=M1xyX3ZQJ6k

Has anyone heard anything about any of these roles?

There were mentions last week, but nothing since it truly started. Or I'm missing it.

Here is the article:

https://www.msn.com/en-us/money/top-stocks/michael-burry-called-it-one-of-the-more-common-frauds-oracle-stock-is-down-45-since

Any news on the divestiture of non-core BUs? Is anyone buying SaaS in this market?

Someone posted on LinkedIn they were looking for an engineer to prepare for the mgmt of Hibernia and Hebron. Those assets are operated by ExxonMobil currently.

Any updates to the CB sales teams?

Any one hear or get the email ?

Is there a way to know how big was this round?

1. Voluntary buyouts to approximately 60K employees across the USA, Canada, India, + UK
2. Most employees believe involuntary layoffs will follow (if too few workers accept the voluntary buyouts). No official reduction target has been confirmed.
3. Expected buyout acceptance rates range from 3% to 6% - I've heard people say it can go as high as 10%.
4. An earlier Microsoft buyout program resulted in approximately 2.5K voluntary departures (this was followed by 5K involuntary layoffs). People are split on the accuracy here...
5. Many predict 15K to 20K eventual job cuts. At the edges, some speculate about 50K to 55K. Microsoft is silent on this.
6. Severance packages range from 8 to 39 weeks of pay (depending on tenure and seniority). 6 mo of stock vesting and healthcare benefits.
7. Employees reportedly have until 12/9 to accept the buyout (12/31 will be their final working day.
8. Some employees claim buyout eligibility is determined by organization or team rather than individual performance. Receiving an offer does not necessarily mean an employee is targeted for layoffs.
9. Some believe Microsoft is redirecting payroll spending toward AI infrastructure and data centers, this motivation has not been confirmed.
10. Many disagree about whether rejecting the voluntary buyout will result in worse severance terms during subsequent layoffs.
11. I hear poeple describe a difficult technology job market, particularly in Seattle.
12. H1B employees may be less likely to accept voluntary buyouts because unemployment could jeopardize their immigration status.
13. Some intend to reject substantial buyout packages.
14. Buyout eligibility reportedly varies by org, some teams r fully included, others partially included, and some excluded.

15. Folks are concerns about CSCP in particular.

16. Some commenters allege Microsoft is using voluntary departures to reduce labor costs without announcing mass layoffs, while others view the program as an opportunity for employees who already want to leave.

# Biggest Unresolved Questions

1. How many employees does Microsoft actually intend to eliminate? The 60,000 figure represents reported eligibility, not confirmed job cuts.

2. Will involuntary layoffs follow the voluntary buyout program? Multiple employees expect them, but no confirmed plan has emerged.

3. Is Microsoft's primary objective reducing labor costs, restructuring its workforce, or redirecting investment toward AI?

# Overall Takeaway

The reported 60,000-person voluntary buyout program is the central development. Employees widely speculate that involuntary layoffs will follow, but the number of planned departures, expected acceptance rates, and future severance terms remain unconfirmed.

Source: 12 employee discussion threads. Claims are based on anonymous accounts, reported news, and speculation and have not been independently verified.