#news

Hearing to 15 bucks a share

Any news on RIFs for this week, 3/12....?

https://theonion.com/company-lacks-manpower-to-complete-newest-round-of-layo-1819574660/

Stock is almost below $38. Piece of cr-p.

https://seekingalpha.com/news/4562588-att-to-spend-250b-over-five-years-to-improve-us-network-infrastructure

Point32Health recently cut 100 jobs. This decision follows a $301 million operating loss last year. The insurer has eliminated over 450 positions since last March. Point32Health aims to reverse its financial performance. It is the state's second-largest insurer.

Boston, Massachusetts

https://www.bizjournals.com/boston/news/2026/03/09/point32health-conduct-layoffs.html

https://easttexasradio.com/campbell-soup-layoffs/

Any intel when next wave of S&T layoffs across locations will be announced? Before Easter?

Layoffs have not started yet. We'll all know full well when they do.

Come on - we know it’s coming, who’s going to spill the details?

What's the big SMS announcement?

https://wcfcourier.com/news/state-regional/government-politics/article_b8e2ee8f-7e90-5dab-b7ba-ed8602c706f5.html

https://finance.yahoo.com/news/oracle-openai-end-plans-expand-201106441.html
Does this news not directly refute the reasoning for the layoffs given in the Reuters article?

https://www.bloomberg.com/news/articles/2026-03-06/oracle-and-openai-end-plans-to-expand-flagship-data-center

https://youtu.be/Fc-R5_a_tTU?is=U3sKwGulTYLxKmIQ

I was part of the 2022 Cerner layoff. Reading the news today about Oracle and I want to first offer my condolences. Second, I want to say that it’s better out there when you don’t have a billionaire oligarch who freewheels his financial life just to keep up with the Joneses. You can choose to be somewhere better, much like you don’t also have to watch the Ellison’s censorship network(s). It’ll hurt at first but eventually you’ll be liberated. You just have to tolerate the initial pain. Godspeed to you all.

They’re gonna sell this pig!!

What happens to the RPO?

Oracle, OpenAi end plan to expand flagship data centre https://share.google/vPxXdg2sYqSgOo5bt

Just wondering if anyone else has heard that Bloomingdale’s and Macys or certain Macys stores will be open on Easter Sunday this year….

Anyone count this project for growth?

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.fastcompany.com/91501853/nike-acg-latest-innovation-is-a-fully-portable-soccer-field&ved=2ahUKEwiU28rglIyTAxW6IjQIHe54AGgQxfQBKAB6BAgLEAE&usg=AOvVaw36Xbab9srd1gqONP7UnDce

This potentially makes arm a monopoly, and with Softbank blocking career mobility to Graphcore, things could get very constrained for engineers in the UK

https://youtube.com/shorts/zidJDw00ZYo

https://www.youtube.com/watch?v=pa5VBV7FjkY

The Federal Reserve Board on Thursday confirmed the termination of a 2018 consent order against Wells Fargo (WFC).

Under the 2018 enforcement action, the bank was required to demonstrate improvements to its governance and risk management program and complete two third-party reviews of the improvements.

Also, the regulator had imposed an asset cap, which was removed in 2025.

The consent order was placed on the company in punishment for the fake-account scandal and other deceptive sales practices that came to light in 2016.

The banking giant is said to have pursued a business strategy that prioritizes growth without ensuring appropriate management of all key risks. Wells Fargo did not have an effective firm-wide risk management framework in place that covered all key risks.

In response, the board had said it will restrict growth of the firm until WFC sufficiently improves its governance and controls.

The 2018 consent order was the only remaining consent order against the San Francisco-based bank.

https://seekingalpha.com/news/4561367-fed-board-ends-2018-enforcement-action-against-wells-fargo

https://www.healthcaredive.com/news/mount-sinai-anthem-elevance-contract-ends/813816/

As usual they are blaming Mount Sinai - just keeps getting worse for this place - CMS now this

The payer said that Mount Sinai had agreed on price increases but wanted Anthem to remove “contractural safeguards” protecting patients and employers from “billing errors and unnecessary costs.”

“These negotiations are about more than rates. They are about Anthem’s chronic denials of medically necessary care, delayed payments, and administrative practices that create barriers for patients and physicians alike,” Mount Sinai said in a statement on its website.

https://www.bloomberg.com/news/articles/2026-03-05/oracle-layoffs-to-impact-thousands-in-ai-cash-crunch

• Nine vessels attacked since U.S.-Iran conflict began
• BP evacuates foreign staff from Iraqi oil field due to drones
• Putin considers halting gas exports to Europe

7-Eleven To Open 600 New Stores by 2027 (And They’re Getting a Serious Upgrade)

https://financebuzz.com/7-eleven-new-stores

Is that now official?

Hi all, I ran a second story on the lawsuit and arbitration process. Information is still very scant, but a source at Avaya alleges that it discovered a C1 document called “The Great Migration.”

If you have any insights, email me at janderson@industrydive.com

https://www.channeldive.com/news/mystery-avaya-c1-lawsuit-arbitration-genesys/813551/

https://www.reuters.com/business/media-telecom/us-agency-considers-limits-telecom-foreign-call-centers-requiring-english-2026-03-04/

The Pittsburgh Post-Gazette officially informed Pennsylvania of its pending closure. PG Publishing Co. filed a Worker Adjustment and Retraining Notification. The newspaper will cease publication on May 3. All 171 employees will be laid off starting May 4. Block Communications cited significant financial losses and court rulings for the decision.

https://www.pennlive.com/business/2026/03/1-of-the-largest-newspapers-in-pa-informs-state-it-is-shutting-down-171-employees-to-be-laid-off.html

Ssense reported 215 layoffs last month to the Quebec government. This brings the total to 307 layoffs over the past year. The luxury online retailer filed for bankruptcy protection in August. Founders recently received court approval to buy back the company. Lenders opposed the buyout, favoring liquidation for debt recovery.

Montreal, Quebec

https://montrealgazette.com/business/local-business/ssense-reported-over-200-layoffs-last-month-to-quebec-government

Paramount Global has had its credit rating downgraded to junk status by Fitch Ratings due to concerns about the large amount of debt it will take on after acquiring Warner Bros. Discovery. The planned $110 billion deal would leave the combined company with at least $79 billion in debt. Fitch lowered Paramount’s rating from BBB- to BB+ and placed the company on negative watch, citing uncertainty about how the merged company will manage its financial obligations and integrate such a large media operation.

If the deal moves forward, Paramount would absorb major assets including CNN, HBO, TBS, and Cartoon Network. The new company is expected to be led by David Ellison with backing from Skydance Media. However, the large debt burden could increase borrowing costs and create pressure to reduce spending or sell assets as the company works to combine the two media giants.

https://www.latimes.com/entertainment-arts/business/story/2026-03-03/paramount-credit-downgraded-to-junk-status

Any news from the Company on the current situation? I’m sure they’re extending their usual comforting transparent communication.

https://youtu.be/ApBnRnGFht4?si=lGmO5anh_7xoGAUk

I’m hearing Q1 is not good