#news

TIA

##The new Comdex ranking scores are out and Mutual of America Life scored a 57 and ranked 185 out of 222. Below Mutual of America, was Nassau Life and Genworth and a few others##

https://myannuitystore.com/comdex-score/

U.S.-based employers announced 153,074 job cuts in October, up 183% from September and up 175% from October 2024, according to job placement firm Challenger, Gray & Christmas.

“This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008. Like in 2003, a disruptive technology is changing the landscape,” said Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas.

https://finance.yahoo.com/news/us-job-cuts-surged-183-123000806.html

• 'Grand Theft Auto VI' was delayed again to November 2026, roughly around the time of Rockstar Games' layoffs controversy.
• Layoffs at Rockstar Edinburgh cited confidentiality breaches; employees claim union organizing motivated firings.
• City councillor and union push for fired employees’ reinstatement and financial support.

https://www.mensjournal.com/news/rockstar-faces-motion-reverse-layoffs-gta-6-delay-concerns

President Donald Trump's administration had cut off $790 million in grants in a standoff that contributed to university layoffs and the resignation in September of Northwestern president Michael Schill.

https://www.usnews.com/news/us/articles/2025-11-29/northwestern-to-pay-75-million-in-deal-with-trump-administration-to-restore-federal-funding

While admitting there are so many that they don't want to say the number.

https://techrights.org/n/2025/11/28/Loads_of_IBM_Departures_So_Far_Today_Buy_Nothing_Day_IBM_Pays_P.shtml

https://www.wsj.com/tech/intel-defends-its-star-executive-hire-in-legal-clash-with-tsmc-e6c9de6e

Nevada-based battery recycler Redwood Materials is laying off staff. The company is cutting approximately 5% of its workforce. This news comes just weeks after it secured a massive $350 million funding injection.

https://inews.zoombangla.com/why-redwood-materials-cut-5-of-jobs-after-350m-raise/

The Santa Barbara County Public Health Department paused its plan to make layoffs and transition thousands of patients away from county clinics due to “unsatisfactory immigration status.” The decision follows an ongoing injunction to a change in federal law.

https://www.santamariasun.com/news-2/county-public-health-pauses-layoffs-and-patient-transfers-left-with-budget-deficits/

https://www.theverge.com/news/831353/intel-tsmc-wei-jen-lo-trade-secrets

What a surprise ? Not ! More barefaced lies and FUD from Alvind, Krabanaugh and the Pipmunks. But we all know that already. Whatever happened to Design Thinking ? It went out of fashion. We need new IBM buzzwords for putting a load of BS on Kramer.

https://www.msn.com/en-us/money/companies/ibm-s-gen-z-hiring-pledge-collides-with-harsh-layoffs/ss-AA1RcGLF?ocid=msedgntp&pc=W099&cvid=6927aafe67f94a858f69a0409678bfdc&ei=31

https://markets.ft.com/data/announce/detail?dockey=600-202511260330PR_NEWS_EURO_ND__EN33185-1

Really?

Former US Representative Dave Brat claims 'industrial-scale fraud' in H-1B system, alleging that Chennai district got 220,000 visas while India cap is 85,000

The Federal
26 Nov 2025 5:25 AM

Former US Representative and economist Dr Dave Brat has alleged widespread fraud within the H-1B visa system, claiming in a podcast that India’s Chennai district (Tamil Nadu) secured more than twice the total number of visas legally permitted nationwide.

Speaking on the podcast, Brat said the H-1B system had been "captured by industrial-scale fraud", asserting that visa allocations from India were surpassing the statutory limits.

https://thefederal.com/category/news/us-economist-flags-h1b-fraud-india-chennai-220000-visas-217952

This is a surprise. I wonder what will happen to Finance. I heard a lot of NYC jobs are going to lower cost locations.

https://finance.yahoo.com/news/citi-cfo-mason-to-step-down-after-ceo-frasers-power-consolidation-135104516.html

HP Inc. (HPQ) reported fiscal fourth quarter earnings results after the close on Tuesday, which topped Wall Street estimates on both the top and bottom lines. The company also announced it is pursuing new AI initiatives, which include reducing "gross global headcount by approximately 4,000-6,000 employees."

BoA downgrade, split company.

Expect more layoffs in December.

The ship is sinking mates.

Ford Sales in China
2017: 1.2 million
2020: 602K
Jim Farley took over as CEO of Ford on October 2020
2022: 490K
2023: 455K
2024: 175K
2025: 115K (forecasted)


SAP SE was sued by supply-chain artificial intelligence firm o9 Solutions Inc., which claimed three of its former executives stole trade secrets for the European software giant.

In a complaint filed Tuesday in Dallas federal court, o9 claimed the stolen trade secrets concerned the design, implementation and testing of its supply-chain management software. The company, whose backers include KKR & Co. and General Atlantic, was valued in 2023 at $3.7 billion.

According to o9’s suit, longtime market leader SAP was losing customers to competitors in the business-planning software space due to its outdated platform. As a result, SAP allegedly launched an “aggressive campaign” to target o9’s trade secrets. Since the documents were reportedly stolen, o9 claims SAP has altered its software to closely mirror the startup’s offerings.

A representative for SAP declined to comment on the lawsuit.

https://timesofindia.indiatimes.com/technology/tech-news/verizon-ex-ceo-sends-open-letter-to-13000-employees-company-is-laying-off-says-no-one-can-take-away/articleshow/125515667.cms

Should I worry about more layoffs this year? I'm thinking between Thanksgiving and Christmas, it'd be truly assholish of them to lay people off. Not that I wouldn't put it past them, but it'd come with some unwanted bad publicity. Am I too naive to think they care?

TSMC sues ex-exec Wei-Jen Lo over secrets theft - Breaking The News https://share.google/QYQr7IUivQgG5of0z

Immigration lawyer Rahul Reddy warns H-1B workers that their biggest mistake is assuming good performance will protect them from layoffs. He urges them to prepare a Plan B that could include moving to another employer, changing status, starting a business, or enrolling in studies to maintain lawful presence if they lose their job. The piece frames proactive immigration planning as essential in a volatile tech job market with frequent layoffs

https://timesofindia.indiatimes.com/world/us/indian-origin-immigration-lawyer-shares-plan-b-for-h-1b-holders-facing-layoffs-biggest-mistake-is-assuming-/articleshow/125548154.cms

I'd buy it.

https://www.theguardian.com/business/2025/nov/24/northwestern-mutual-insurance-jobs-hiring

Wealth management company Cetera Financial Group laid off a “small” number of employees to streamline its operations, a company spokeswoman said on Friday. Cetera, owned by private-equity firm Genstar Capital Partners, also conducted layoffs earlier this year. The latest round didn’t affect teams that support Cetera’s thousands of financial advisors, the spokeswoman said.

https://www.barrons.com/advisor/articles/cetera-layoffs-f4a234b2

Truelink Capital ("Truelink"), a Los Angeles based private equity firm focused on growth and long-term value creation, announced today that it has signed a definitive agreement to acquire SouthernCarlson, Inc. ("SouthernCarlson" or the "Company"), a leading distributor and service provider of construction and industrial fasteners, tools, packaging, and supplies, from Kyocera Corporation ("Kyocera"), a global Japanese conglomerate. Financial terms of the transaction were not disclosed.

https://www.prnewswire.com/news-releases/truelink-capital-to-acquire-southerncarlson-inc-from-kyocera-corporation-302624208.html

https://finance.yahoo.com/news/eu-approves-450m-czech-support-100157348.html

Lumileds has decided to eliminate 60 jobs at 370 West Trimble Road in North San Jose, the company reported. Lumileds, an advanced manufacturing company, produces LEDs, or light-emitting diodes. LEDs are used for automotive, general lighting and specialty lighting applications. The job cuts are scheduled for Jan. 30, 2026.

https://www.mercurynews.com/2025/11/21/economy-jobs-tech-san-jose-work-ai-internet-south-bay-build-web-light/

https://www.ft.com/content/f3ec8172-96da-4ebf-8fe6-80e1c5893286

I’d heard he left. Looks like he got a job with a wallet - maybe he will give Elliot a run for their money and just buy us.

Crystal Dynamics has been hit by another round of layoffs. The cuts r due to restructuring and cost reductions. More to come.

The Dallas Morning News is in a new wave of layoffs under its new owner.

Staff worry about the impact on local news coverage, it'll be less of it.

Everyone loses here. I guess someone makes moeny too.

GES, Firstnet , MM?

https://www.reuters.com/legal/government/eeoc-says-northwestern-mutual-wont-hand-over-information-dei-policies-2025-11-20/

https://www.bnamericas.com/en/news/ibm-to-shut-latin-america-rd-center-amid-global-overhaul

Has anyone heard anything about any layoffs? Seems pretty quiet right now but reading about a lot of companies laying off

What do you think? Would GB leave Elevance to lead the WNBA?

What now?