#news

Requires Bloomberg subscription

We know 1000 will be affected. But not a lot of info has been shared on functions.

We do know someone at Regal leaked that we lost them though. Another hit for the AFH team

Is Nov 10 going to bring big news for some?

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 ?