#news

Looks like Pepsi has decided to go back to the region structure lol…

https://m.economictimes.com/news/new-updates/the-500-years-old-temple-where-techies-go-to-fulfil-their-american-dream-no-puja-just-personal-connection-with-deity/amp_articleshow/124119110.cms

$11B? Who wants to hazard a guess as to how AK is going to pay for this?

https://www.wsj.com/business/deals/ibm-nears-roughly-11-billion-deal-for-confluent-276f52d8

Deal for data-infrastructure company could come as soon as Monday

By: Lauren Thomas
Dec. 7, 2025 10:01 pm ET

International Business Machines IBM is in advanced talks to acquire data-infrastructure company Confluent CFLT for around $11 billion, according to people familiar with the matter.

The details

A deal could be announced as soon as Monday, the people said, cautioning that the talks could still fall apart.

Confluent had a market value of around $8 billion as of Friday, while IBM’s was around $290 billion.

Confluent provides technology that helps manage streams of real-time data used in big artificial-intelligence models. An AI bo-m has boosted the need for its capabilities from companies in sectors including retail, technology and financial services.

The context

An acquisition of Confluent would be the biggest deal for IBM in recent memory as it repositions its business around AI.

Last year, it agreed to buy cloud-software provider HashiCorp for $6.4 billion, in a deal that pushed it further into fast-growing cloud and AI offerings.

In October, IBM posted higher revenue in the third quarter, boosted by higher-than-expected growth in its consulting business. IBM in November said it would lay off thousands of employees before the end of the year, joining other technology companies that are repositioning themselves in the age of artificial intelligence.

IBM has been competing with Google, Microsoft and a number of startups to build computers that exceed the abilities of the best conventional ones. It is working on larger clusters of quantum chips that it expects will enable large-scale computing in the next five years.

Chief Executive Arvind Krishna recently said IBM has used AI—specifically AI agents—to replace the work of a couple of hundred human-resources workers. That has enabled it to hire more programmers and salespeople.

Technology has been one of the busiest sectors for dealmaking this year. Google parent Alphabet struck a $32 billion deal for cybersecurity startup Wiz. Palo Alto Networks agreed to a $25 billion deal for CyberArk. And Salesforce struck an $8 billion deal for data-management software firm Informatica.

State Farm has been found out again! They knew exactly what they were doing and just got caught! Sounds like they just tried to buy people off but it was basically too big for them to hide anymore. If the states AG and Departments of Insurances knew half of what State Farm has been doing over the last decade, most of the Exec would be in jail and they would shut this place down. Sh-t hole and scam! They treat their employees like they treat customers!

Executives are considering potential budget cuts as high as 30% for the metaverse group next year, which includes the virtual worlds product Meta Horizon Worlds and its Quest virtual reality unit, according to people familiar with the talks, who asked not to be named while discussing private company plans. Cuts that high would most likely include layoffs as early as January, according to the people, though a final decision has not yet been made.

https://www.spokesman.com/stories/2025/dec/07/metas-zuckerberg-plans-deep-cuts-for-metaverse-eff/

https://www.communicationstoday.co.in/us-bancorp-taps-tcs-wipro-cognizant-ansr-for-india-gcc-mandate/

Bank has kept this hushed but India’s media has let this cat out of the bag on Friday. I’m sure this post will get deleted soon but I’ll be back to make another one.

Per the news media, USB plans to open 2 Global Capability Centers (GCC) in India. The Hyderabad location will be built and owned by the bank itself while the Chennai location goes through vendors (Cognizant, TCS etc.) Overall hiring is expected at 3-5000 employees.

Say hello to Bank of India!

https://www.aol.com/topeka-sees-bnsf-railway-layoffs-010501095.html

That only came out last week, when Algoma, after announcing it was laying off 1,000 workers at its steel plant in Sault Ste. Marie, revealed both levels of government knew in advance about the impending layoffs when they granted the loans.

https://torontosun.com/opinion/editorials/editorial-public-kept-in-dark-about-algoma-layoffs

https://timesofindia.indiatimes.com/technology/tech-news/ibm-ceo-to-google-amazon-microsoft-and-other-tech-companies-does-not-make-sense-to-/articleshow/125804195.cms

Optimum Communications awards special bonuses to executive officers

https://share.google/DVhVh6LdlmjKHiAlo

https://www.phoronix.com/news/Brendan-Gregg-Leaves-Intel

Another round effective today.

Good read with lots of BTS scoops, but an AI summary might just read: Entitlement breeds arrogance, which breeds entitlement, which breeds arrogance...

https://www.hollywoodreporter.com/business/business-news/paramount-plans-ninja-turtles-south-park-1236439954/

Word is LTIMindtree might be on way out finally.

Buckle up Pepsico for a bumpy ride.

https://www.wsj.com/business/deals/pepsico-nears-settlement-with-activist-investor-elliott-dbda9a2a

I guess this turns out to be true !!!! Field service is gonna be all Mastec

Anybody heard anything about Another Rebranding?

https://www.counterpunch.org/2025/12/04/the-biggest-heist-in-america-is-being-sold-as-a-gift-to-children/

In the aftermath of the cancellation of a major Navy contract, nearly 100 workers are being laid off from Fincantieri Marinette Marine.

Last week, the U.S. Navy announced it is ending the Constellation frigate program, thus canceling the remaining four ships that were supposed to be built in Marinette.

https://fox11online.com/news/local/fincantieri-marinette-marine-issues-layoffs-after-navy-cancels-frigate-program-constellation-ships-workforce-white-collar-employees-contract-labor-workers

The news of today’s company-wide layoffs, which impacted most business units, is a difficult blow for our team, the industry, and especially those directly affected. The cuts were heavily concentrated in customer-facing positions, customer support, and engineering, signaling a strategic shift that is raising serious concerns among customers, partners, and investors.

The Elephant in the Room: SAP and the Rule of 40. Reports have been circulating that our executives are aggressively optimizing the company to meet the Rule of 40 financial benchmark, a common metric for SaaS companies where a company’s revenue growth rate plus its profit margin should equal at least 40%. This comes amid rumors of a potential buyout offer from SAP.

This approach prioritizes a quick financial metric over the long-term health of the business. Investors, partners, and especially customers should be asking: What value remains in a company that sacrifices the people who build, support, and sell the product for a short-term multiple?

My thoughts are with all of the incredibly talented individuals impacted by today's news.

What is the news on staff reductions as the MRC/DNOW merger progresses?

https://www.arctera.com/press-releases/cloud-software-group-completes-acquisition-of-arctera

https://www.wbtv.com/2025/12/01/north-carolina-based-restaurant-chain-abruptly-closes-doors-after-almost-90-years/

Just curious if anyone has info on where it's at

Get ready for some more big announcements coming to a theater near you! Getting ready for a big year in 2026! Not going to be pretty! Hold on!

https://www.reuters.com/sustainability/society-equity/att-commits-ending-dei-programs-2025-12-02/

State Dept finalizes mass layoffs, says employees won’t be reinstated under shutdown-ending deal
Federal News Network
Tue, 02 Dec 2025 19:27:43 GMT

The State Department is notifying some employees targeted by mass layoffs... their official separation date is imminent / & is not affected by a shutdownending spending deal that forced some agencies to rescind layoff notices.

Outright Games is making 27 employees redundant. The Chicken Run: Eggstraction and Teenage Mutant Ninja Turtles: Mutants Unleashed publisher said the decision will enable it to adapt to shifting market conditions.

https://www.gamedeveloper.com/business/uk-publisher-outright-games-confirms-layoffs

It looks like another round is starting at Hughes this week.

Do we have sufficient seats ? any news ?

Everything down..... Wtg btc

There are still a lot of stragglers in Winston-Salem, NC. I know the building's being cleared out and sold, but I still don't know many people that have been told anything.

Huntington National Bank to begin layoffs tied to Veritex acquisition
The Business Journals
Mon, 01 Dec 2025 20:25:00 GMT

Huntington National Bank is preparing to begin layoffs as a result of its recent acquisition. These job reductions are directly tied to the integration of Veritex. The process of merging the two companies often results in overlapping roles and redundancies. Affected employees will experience job loss as the bank streamlines its combined operations. This move is part of an effort to optimize the workforce and structure following the acquisition.

https://www.wfaa.com/article/money/business/huntington-national-bank-dallas-layoffs-veritex-acquisition/287-e9d05913-ea3a-4079-8313-20a64524db2d

"As part of the closure of its blast furnace and coke making operations, Algoma has made the difficult decision to issue approximately 1,000 layoff notices today, effective in 16 weeks on March 23, 2026," reads an emailed statement from the company.

https://www.cbc.ca/news/canada/sudbury/northern-ontario-steel-mill-issues-layoff-notices-to-1-000-workers-9.6998768

Newell Brands will cut 900 jobs, or 3.8% of its global workforce, and take up to $90 million in restructuring charges, the Sharpie maker said on Monday.

The company will also close about 20 Yankee Candle stores in the U.S. and Canada, collectively representing roughly 1% of brand sales of the scented candles, by January next year.

https://www.reuters.com/business/retail-consumer/sharpie-maker-newell-brands-to-cut-900-jobs-take-up-90-million-charges-2025-12-01/

For all those who mocked the once great competitor, is Xerox about to face its very own ‘Kodak Moment’ ?

Given all the pseudo prognosticators of dark times, I haven't heard of any notable layoffs this year in Dearborn.

Most "news" organs aren't covering what's happening at WF. Maybe if people called their local newspaper and TV news stations, they would start reporting on WF's "management" approach.