#news

so surprised that no one mentions next week on this forum

Ford just reported sales and it's down big time, even with Ford employees discount for all. People are finally realizing that Ford vehicles are junk. Other automotive companies sales are up. GM and Stellantis did not report.

https://www.justice.gov/usao-sdny/pr/serial-hacker-intelbroker-charged-causing-25-million-damages-victims

Report cybercrime financial fraud

The head of the Writers Guild of America East union blasted Paramount-owned CBS News for recent “cruel and needless layoffs,” its firing of “60 Minutes” correspondent Scott Pelley and the shutdown of CBS News Radio.

https://variety.com/2026/tv/news/wga-slams-scott-pelley-firing-cbs-news-cruel-needless-layoffs-1236766676/

Any news on the June 18th announcement? Does anyone have any more info on how big the layoffs are or how long they expect people to stick around and "transition"?

Completely off the layoff topic, sort of, but, does anyone know whe the exi results will be in?

Bilton&Weiss have just sealed their fate ! They have indeed dismantled an American Insitution. Ratings will drop further. Ad dollars even more. Look what happened when clowns like these came in over the past few years at NBC, CNN, and ABC. Their take a bat to the system failed and now CBS is under the same repeat errors. Good riddence to Weiss&Bilton.

Signed,

Good Night & Good Luck.
The Ghost of ERM.

https://seekingalpha.com/news/4600557-ibm-google-team-up-to-provide-agentic-ai-solutions-to-enterprises

It certainly looks like IBM is exiting “enterprise cloud solutions”

https://www.reuters.com/world/china/foxconn-announces-strategic-collaboration-with-intel-next-gen-ai-infrastructure-2026-06-04/

It’s true because he said it!

https://fortune.com/2026/06/03/cisco-ceo-chuck-robbins-fastest-messenger-on-team-hires-people-same-urgency-desire-to-move/

Tata Consultancy CEO brought in 6,500 L-1A “managers” to America from India.

Bloomberg says: many weren’t managers at all, just cheaper labor with fake titles used to bypass H-1B rules and fees.

https://www.bloomberg.com/news/features/2025-02-17/india-s-tcs-misclassified-managers-to-skirt-h-1b-rules-former-staffers-say

The Minnesota Star Tribune announced workforce reductions. The company will cut 65 jobs, affecting 15% of staff. This addresses ongoing news industry business model challenges. CEO Steve Grove signaled a potential ownership change. The organization plans to transition to a foundation structure.

Minneapolis, Minnesota

https://www.startribune.com/minnesota-star-tribune-cuts-jobs-and-pursues-nonprofit-ownership-structure/601852356

wow .. this is pretty insane!

https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3571666

https://www.travelandtourworld.com/news/article/wl5hu04k6ut6/

https://www.telecomtv.com/content/5g/abdu-mudesir-to-become-verizon-s-top-tech-exec-55594

https://www.cnbc.com/2026/06/03/att-downgraded-ahead-of-spacex-ipo-on-coming-broadband-competition-from-starlink.html

It’s over y’all!

https://apnews.com/article/cbs-news-60-minutes-pelley-fired-db75daea29a1996f9db5e7951e6f5064

https://www.dailyuw.com/article/meta-layoffs-and-megayachts-what-the-zuck-is-going-on-20260603

Is a sale being announced tomorrow

https://www.youtube.com/watch?v=zECyMRI8sV4

https://www.politico.com/news/2026/06/02/bill-pulte-director-of-national-intelligence-00946319

does anyone know anything new?

The Unshredded Truth About Dell

META Stock Still Trails Mag 7 Peers Even After New Subscriptions, Layoffs, Cloud Plans

https://stocktwits.com/news-articles/markets/equity/meta-stock-still-trails-mag-7-peers-even-after-new-subscriptions-layoffs-cloud-plans-retail-sniffs-buying-opportunity/cZ0ikQtRevF

What’s happening? It seems like every day there’s a new LI announcement with someone leaving.

Is this just lazy journalism and somebody reporting March cuts now or are we going to lose ANOTHER 2,500 employees? Does anybody know what's going on?

does not look good at all

https://www.crowdstrike.com/en-us/press-releases/crowdstrike-named-a-leader-in-the-2026-gartner-magic-quadrant-for-endpoint-protection-for-seventh-consecutive-time/

Cisco, nowhere to be found? Who was in charge of SBG products, then and now (G2)

https://www.techtimes.com/articles/317527/20260601/oracles-30000-layoffs-enter-final-phase-sign-release-forfeit-severance.htm

https://techrights.org/n/2026/06/02/Quantum_as_the_Next_Big_Bubble.shtml

Our VP scheduled a 15 minute meeting today regarding an "organizational update." Has anyone else had similar meetings or received any news today? Curious whether this is part of broader organizational changes or if there may be another round of layoffs occurring. Any insight would be appreciated.

Truist su-ks

Halliburton just lost 80 percent of frac contracts to Gore Nitrogen.
3 frac crews and 1 cement crew walked out at Duncan field camp this morning.

According to this CNBC story, CVX is leading companies like Google and Microsoft in adopting AI. Really?

(https://www.cnbc.com/2026/06/01/nvidia-meta-walmart-among-top-companies-adopting-ai.html?__source=iosappshare%7Ccom.microsoft.msedge.OpenExtension)

First Marcellus, then what?

Rumours sold announcement soon

There were some rumors of more cuts at the start of June, what happened with that?