#news

https://www.digitimes.com/news/a20251028VL208/tsmc-intel-president-production-2025.html

Chegg said on Monday it would lay off about 45% of its workforce, or 388 employees, as the “new realities” of artificial intelligence and diminished traffic from internet search have led to plummeting revenue.

https://www.cnbc.com/2025/10/27/chegg-slashes-45percent-of-workforce-blames-new-realities-of-ai.html

Reported in this mornings News & Observer -- campus to be completely vacated by March 2026. The land has been sold to data center developers.

https://nypost.com/2025/10/27/us-news/national-grid-must-pay-2-workers-a-total-of-3-1m-for-denying-them-remote-work-after-pandemic/

Amazon is layoff 30k employees. Is Dell following Amazon soon?

Vancouver-based social media management-platform provider Hootsuite confirmed to BIV in an email Monday afternoon that it is laying off hundreds of workers.

The company said it would not "share" exactly how many people it was laying off, but it said the cuts would be for about 20 per cent of its global workforce.

https://www.piquenewsmagazine.com/technology/hootsuite-laying-off-hundreds-of-staff-20-of-workforce-11405954

Fun times, fun times indeed

Parts of IT and VZB Cust Serv outsourced to Indian Company HCL. Now the fiber build out to another Indian company.

https://www.verizon.com/about/news/verizon-expanding-broadband-new-strategic-fiber-agreement

Morgan Stanley maintains "Overweight" rating on TMUS, lowers price target to $280.
Recent analyst actions show mixed ratings with varying price targets.

Hold my overnighted Prime beer, 30k

Damn

https://www.usatoday.com/story/money/2025/10/27/amazon-layoffs-job-cuts/86934722007/#

Amazon.com Inc. plans to cut corporate jobs in several key departments, including logistics, payments, video games and the cloud-computing unit, according to people familiar with the matter.

https://www.latimes.com/business/story/2025-10-27/amazon-plans-to-cut-corporate-jobs-across-core-departments

Job cuts will affect HR, devices, services, operations
CEO Jassy aims to reduce bureaucracy, increase AI use

https://www.reuters.com/business/world-at-work/amazon-targets-many-30000-corporate-job-cuts-sources-say-2025-10-27/

Dozens of Lenoir County workers are facing permanent layoffs as Safeway Logistics LLC exits its delivery contract with Amazon, according to the company.

https://www.witn.com/2025/10/27/72-kinston-workers-face-layoffs-independent-contractor-exits-amazon-delivery-program/

Amazon to cut about 30,000 corporate jobs beginning this week

McLean-based Fortune 500 government contractor Booz Allen Hamilton is launching another round of layoffs after a weak quarter, citing earlier federal contract reductions and an ongoing slowdown in federal funding.

https://virginiabusiness.com/booz-allen-hamilton-announces-new-round-of-layoffs/

Was this planned and coordinating by each others CEO’s to layoff this many retail employees at same time or just forward looking forecast of the industry ? Hence similar timing

Also is their cut less bad as ours? Or about same. Ratio. Still not good either way you slice and dice this

Goodbye job market.

How soon will Srini follow the lead of his new buddy at Amazon?

https://www.geekwire.com/2025/amazon-reportedly-set-to-lay-off-30000-corporate-employees-in-massive-workforce-cut/

https://www.cnbc.com/2025/10/27/amazon-to-announce-sweeping-corporate-job-cuts-starting-tuesday.html

Which teams are being hit?

https://x.com/TheLayoff/status/1982897958556479826

https://www.alternet.org/lockheed-martin-strike-politico/

But not Boeing

https://www.calcalistech.com/ctechnews/article/s1g3z02cgg

See for yourself, more than 25% were let go

appropriate news for this week: https://puck.news/taylor-sheridan-is-leaving-paramount-for/

Quarter is not looking good

Seems like the mails went out at 4 pm!

Any news? Microsoft DIS is moving operations to Costa Rica. What about other campaign's?

Has anyone heard any actual news about raises? I know they normally don’t say anything until closer to December, but sometimes people had info earlier in years past.

Have they happened? Planned for Q4? Any news?

Anyone see the news articles as of today TD is laying off again before the return to work 4 day minimum?? I thought they already laid off the 2% they needed??

"booming demand for cloud services, as artificial intelligence adoption rises."

https://m.economictimes.com/tech/technology/ibms-slowing-cloud-growth-eclipses-upbeat-third-quarter-results/amp_articleshow/124751571.cms

Anyone else notice the trend?

CEP internal emails keep getting picked up by Reuters as their exclusive story. Latest was Canada. Surprised US hasn’t hit the news yet and just waiting for the Reuters Exclusive on that one…

Thoughts?

We made the daily top list, at lease there is one list that has us as #1:

https://x.com/TheLayoff/status/1981480445847257211

Charter made at least one top list:
https://x.com/TheLayoff/status/1981063739819676156

https://www.ndtv.com/world-news/india-working-on-2-nm-chip-ashwini-vaishnaw-shows-wafer-at-ndtv-world-summit-9477738

https://x.com/TheLayoff/status/1980376273269698771

https://www.bizjournals.com/sanfrancisco/news/2025/10/14/layoffs-wells-fargo-job-cuts-wfc-severance-expense.html

The city of Rocky Mount has initiated layoffs for about 100 city employees, a little more than 10% of its full-time workforce. The city said it is a necessary step to address its financial crisis.

https://www.wral.com/news/local/rocky-mount-employees-layoff-agreements-unfair-financial-crisis-october-2025/