#politics

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And the bad AI financial news keeps rolling in

https://www.fool.com/investing/2026/11/05/why-oracle-stock-is-sinking-today/

The political squeeze resulting from flipped house and senate is the final straw. Oracle and Coreweave will be the first two dominoes to fall.

Does anyone really still believe the BS that OpenAI or Oracle is "too big to fail"? That purported government backstop vanished this week (not that it ever really existed in the first place)!


FEC data for L3Harris PAC (C00100321) details how the defense contractor spent heavily to gain political influence during the 2025–2026 cycle

https://www.fec.gov/data/committee/C00100321/

The official Federal Election Commission (FEC) data for the L3Harris Technologies, Inc. PAC (ID: C00100321) maps out the financial mechanics of how the defense giant attempted to purchase political influence during the 2025–2026 election cycle.

However, looking at the strict financial delta between what the PAC raised and what it spent, these figures reveal a massive, defensive cash drain that could act as a direct catalyst for internal cost-cutting and workforce layoffs in 2027.

The FEC Financial Breakdown (Jan 1, 2025 – Oct 14, 2026)

Total Receipts (Money In): $1,875,000.56, heavily driven by itemized individual contributions from L3Harris executives and high-level managers ($1,510,903.28).

Total Disbursements (Money Out): $2,297,030.00, representing direct campaign contributions to politicians and other political action committees ($2,236,600.00).

The Deficit: The PAC ran a severe deficit of -$422,029.44, outspending its fundraising baseline to aggressively lobby both sides of the aisle before the midterms.

Cash On Hand: Due to this aggressive spending, the PAC's cash reserves dropped from $1.59 million at the start of 2025 down to $1,175,326.09 right before the elections.

How this Deficit and Corporate Strategy Lead to Layoffs

While PAC money is technically separate from operational corporate revenue, the deficit and the contribution patterns point to an impending operational squeeze:

  1. Squeezing Executives for Political Cash Triggers White-Collar Fatigue

The FEC data shows that $1.51 million came directly out of the pockets of itemized individual L3Harris employees (mostly C-suite executives, vice presidents, and division directors).

The Squeeze: Corporate leadership frequently exerts immense internal pressure on upper and middle management to contribute to the corporate PAC to protect the company's contract pipeline.

The Resulting Exodus: When middle managers are being financially squeezed to support a PAC that is running a half-million-dollar deficit, while simultaneously navigating a toxic post-Kubasik corporate culture, the incentive to leave spikes. High-performing program directors will execute a defensive talent exodus to commercial tech companies where they don't face mandatory political tithing.

  1. Failed Political Bets Mean Cancelled Programs

The fact that the PAC burned through an extra $422,000 to heavily influence committee members means L3Harris was playing a desperate defensive game. Now that Democrats have successfully flipped control of the House of Representatives, much of the money spent courting specific panels is entirely wasted.

The Layoff Trigger: Incoming Armed Services Chairman Adam Smith and Oversight Chairman Robert Garcia do not have to respect the lobbying pipeline of a company currently undergoing multi-million dollar DOJ fraud investigations. If the newly empowered committees freeze or audit the private-equity backed modernization programs L3Harris bought access to, those specific software and systems engineering teams will be laid off because their billable project codes will vanish.

  1. Operational Over-Leveraging Forces Cost Restructuring

To cover the PAC's aggressive spending and cushion the blow of the $84 million in combined DOJ settlements and the $80 million Kubasik exit package, new CEO Sam Mehta must preserve the company's cash flow.

When a corporation is leaking cash across its legal defense funds, executive payouts, and political lobbying arms, it balances the ledger by cutting labor overhead. Non-essential administrative staff, corporate recruiters, marketing units, and middle-management layers will be targeted for structural layoffs to offset these compounding institutional deficits.


Election Day and work from home

Today would have been a good day to be allowed to work from home. It would have been nice for Fidelity to give us the day to do our civic duty and vote. If you look at India, they get the day out of work on election days. Heck, we'll take a work from home day, we don't need the entire day off. That would have been a nice gesture.


Interim Leadership

Let's see. Data VP out yesterday. IT, Architecture, Claims, Health Services are all interim. Did I miss any?? Let's keep telling the regulators we're focused on stability when we're just appointing the next wave of besties and political favorites to disrupt things even more. Deloitte has to be loving this.


ConocoPhillips #Alaska #Hostage Video

#COP #Alaska had employees attend talks from politicians #Begich and #Sullivan boasting about how many oil & gas jobs they ‘created’ in the midst of more current COP layoffs and nasty previous recent layoffs of 25% in 2025-2026 and surprise layoff of North Slope workers of 12.5%.
Shows how politicians lie and
how much COP management doesn’t care about or respect employees.

https://www.facebook.com/reel/1737607930680356


Optum Rx faces House probe

The House Oversight and Government Reform Committee is demanding answers about what Chair James Comer (R-Ky.) alleges may be retaliation by leading pharmacy benefit managers against supporters of PBM legislation.

https://www.modernhealthcare.com/insurance/mh-optum-rx-express-scripts-cvs-caremark-house-probe/


McKinsey protect their own?

It’s completely demoralizing seeing junior McKinsey types—who have never spent a day in the trenches—making high-stakes cuts. Honestly, having seen it firsthand, I wouldn't be shocked if their playbook is just: protect the fellow Wharton MBAs with cushy VP titles, and sacrifice the salt-of-the-earth talent with less fancy degrees.


Don’t sleep with Sciex

Good morning Waters family! Umm what the fu-k am I saying? We are but only numbers to the people in charge!
You may think the waters experience can be grating, annoying, and downright depressing at times but let me enlighten you, all vendors are one inbred dysfunctional family!

Now I have wanted to jump ship from here lately and I have called my colleagues who have gone to the dark side. They tell me

The good!

Better pay. If that’s all you care about go on!

The bad!

Worse politics than here!
Elitist management clueless directors and senior directors who want to own you, and will never promote you
Cultish behavior to be lean!
Leadership is absolute trash!


Welcome another Covidien/Medtronic/Zimmer Biomet bro to the club

Bryan: "Thanks Paul H for all you've done. We searched far and wide for the top talent in the world, and to my surprise I only had to look as far as people I directly know and used to work with to identify the absolute best, Ken T."

PH overlapped Bryan's companies 15yrs, KT 18yrs.

Our values: Put [my] people first. Solve what matters [and what matters is my pal's yacht size]. Best and preferred place to work [for my friends]. Win [$M for my buds] with excellence. Advance [my c-suite bros salaries] together [because our pay doesn't look as ridiculous to the board if we all balloon together].


so called innovation hub

it's not all roses here in India either. People were recently laid off at HIH. It's no longer about bringing jobs here; it's about cutting costs and getting double the work out of fewer people. I can understand people complaining after working somewhere for 6 or 10 years, but HIH is fairly new ~3 years old at most and they have already laid off close to 100 FTEs, not to mention the people on PIP who are next in line.

Regarding the lifestyle and salary, a handful of people are getting great pay if they are in the good books or the inner circle of a manager, but for everyone else, it's the same underpaid corporate sh*t. Plus, the constantly changing leadership and their shifting visions make it incredibly difficult to get work done.

There is also a lot of politics at HIH in every department regarding workload and who is doing what plus special mention of our special HR team here. They could have built a balanced culture from the start, but instead it's a mess now


A tale of two employees

Two employees do the exact same thing. One is a hipo and the other a common peasant.

When feedback arrives the peasant is told they met expectations but it was a very competitive rank group and they are now in a PIP.

Meanwhile the hipo is sent in a speaking tour to share how their genius way of working has revolutionized the industry. They present a word salad of meaningless executive speak and slides created by planners to make them look good. They remain assessed as outstanding.


Gf's announcement is laughable

Who finds it utterly ironic that GF is riding trumps coattails. It wasn't two long ago the CLO was on stage actively mocking trump and filling a room of directors an above with the worst uncomfortable vibe. Regardless of the announcement. The same terrible leadership culture persists. Ripe for union activity which is likely afoot. The stock price does not lie.


November

The pendulum swings. The shitheads crawl out from under the cabinets. First tactic will be to get in the way anything that tempers DEI, to embolden the beaten back SJWs and work towards taking back the second (and "fourth") branch(es) of government. Then in another couple of years, we'll be reliving the Good Ol' Joe years. The very thought makes want to vomit.


What you can do

Politicians campaign on protecting American jobs. Call your local reps and state senators over the concerns of Cincinnati and Ohio’s largest employer sending jobs overseas. It’s election season and we can use our voices to pressure politicians.

Jon Husted (Ohio senate) - (202) 224-3353. Option 5
Bernie Moreno (Ohio Senate)- (202) 224-2315
Greg Landsman - Cincinnati Rep (202) 225-2216


House of Fidelity

Is a house of cards.
Totally respected this company how it manages dues business respected employees was cautious and not political didn’t punish people for covid vaccines like other companies.
But Abby got co opted by the leftists it was bound to happen
All that money for the seaport.
MA is dying companies and people are fleeing. Why do you think she’s focusing on low tax areas. She wants to drive the last few thousands in Boston out so she can dunk the family property. IMO


A Survival Guide to Comcast: Stay Silent, Stay Invisible, and Forget About Talent

Here’s a little survival tip for anyone working at Comcast: Keep your mouth shut, mind your own business, and never make the mistake of thinking technical knowledge, hard work, or competence will get you anywhere.

At least, that’s the impression I’ve gotten from what I’ve witnessed at the Bishop Gate office in Mount Laurel, New Jersey. I can’t speak firsthand about headquarters, but I wouldn’t be surprised if the same culture exists there.

There was a time when Comcast had genuinely brilliant technical professionals. People who understood the technology, took ownership of problems, challenged poor decisions, and actually cared about the company’s success.

Then came the layoffs after 2023, and everything seemed to change.

One by one, experienced and technically capable employees started disappearing. Some were affected by layoffs, while others chose to leave. What followed, from my perspective, was an embarrassing decline in technical leadership and workplace culture.

Instead of rebuilding teams with skilled professionals, certain leadership decisions appeared to prioritize personal loyalty over actual competence.

Apparently, knowing how to please your boss is more valuable than knowing how to do your job.

Why bother understanding complex networks, troubleshooting critical issues, or developing technical expertise when you can simply agree with everything your manager says?

Why challenge a terrible decision when smiling, nodding, and flattering leadership might get you further?

Why reward employees who solve problems when you can surround yourself with people who never question authority?

And the most disappointing part? The favoritism doesn’t appear to have stopped.

From what I’ve observed, workplace politics continue to overshadow merit. Employees who genuinely care about doing things correctly can feel discouraged from speaking up, while those who know how to stay on the right side of management seem to have an easier path.

The message this sends is devastating:

Technical excellence is optional. Blind loyalty is rewarded. Speaking up is a career risk.

And what are ordinary employees supposed to do?

Complain? To whom?

Challenge the leadership responsible for creating the environment?

Risk their jobs simply because they believe competence and fairness should matter?

Unfortunately, people have mortgages to pay, children to raise, and families to feed. Not everyone has the luxury of risking their livelihood to fight workplace politics.

So here’s the survival strategy:

Stay silent. Don’t challenge incompetence. Don’t expect fairness. Don’t assume hard work will be recognized. Collect your paycheck and protect your peace.

It’s deeply disappointing to watch an organization that once employed so many outstanding technical professionals seemingly allow its culture to deteriorate.

The saddest part isn’t just losing talented employees. It’s watching a workplace potentially become one where talented employees no longer want to stay.

When leadership values loyalty over competence, silence over honesty, and favoritism over performance, it shouldn’t be surprised when its best people walk away.

And if that culture continues, the long-term consequences could be serious.

Maybe the people making these decisions won’t recognize the damage until it’s too late.

Until then, employees will do what they have to do to survive.

Because at the end of the day, you have a family to feed. And no company is worth sacrificing your livelihood just to prove that its leadership is making terrible decisions.

Congratulations to the culture of corporate favoritism: where competence can become a liability, silence becomes a survival skill, and knowing how to flatter the right people seems more important than knowing how to do the actual work.


Trump Admin Cracking Down on Visa Abuse

I imagine gunjan is fuming in her office today. Saw much in the news today about the Trump admin cracking down on corporations like Microsoft, cognizant, infosys, etc. for replacing American workers with cheap foreign labor (indians).

Can they look into USB next?

Hate Trump all you want, but if we had a Democrat in office we would be getting flooded with more "talent" from India. At least something is being done to help us.


Just Skydance? Really?

I realize that there was never going to be a great name with all of the various pieces, but no one I know knows what Skydance is. I guess I shouldn't be surprised that the narcissist nepo baby went with the name of his company but I'm surprised that there aren't more adults in the room to talk him out of doing a d-mb.


Stating the obvious

There have been way too many anti immigration and blatantly nationalist posts here. Its obvious this site has become rage bait for far right provacateus and I can no longer participate. Leaving the table.


The MP Horserace

It’s gone pretty quiet lately on the race to pick up after the mess Penny is leaving behind. What’s the latest odds?

Is “Mr. Hustle” Chewy still several lengths ahead?

I can’t imagine anyone is still talking seriously about David G or KJ?

What about the dark horse of Andy M?

So many (poor) choices, but the one thing you can bet on is whoever it is will be stuck draining the ELT swamp (Suzie M, KJ, Cella, Lisa D, etc.).


Chevron and trump

Let’s keep this civilized, above board and as dispassionate as possible. Come at it from the angle of a Chevron employee who wants the best for our company.

Our leadership was eager to be the first in line for a close friendship with the president. Now with the price of gas and public perception turning negative against big oil, Is it time to distance ourselves for trump? I don’t like how he publicly called us out for high prices, when his actions in Iran are responsible for this all time high. He’s a good ally when things swing his way, but didn’t hesitate to throw us under the bus.

Honest and respectful opinions please


HIRE Act—Mutual of India—Now Doomed ?

Mutual of America’s move to Outsourced Indian Labor will backfire & here is why.

Sen. Bernie Moreno’s Halting International Relocation of Employment (HIRE) Act is drawing international backlash, particularly from India, where major political and economic figures warn the legislation could severely disrupt the country’s booming tech-services economy. The bill proposes a 25% excise tax on U.S. companies making outsourcing payments to foreign workers, aiming to protect American jobs from being shipped overseas.

Jairam Ramesh, General Secretary of the Indian National Congress, raised alarm over the bill, calling it a direct threat to India’s IT services, business process see outsourcing (BPO), consulting firms, and global capability centers (GCCs). Ramesh said the bill “reflects a growing mindset in the U.S.” that white-collar jobs should not be lost to India, much like blue-collar manufacturing jobs were lost to China.

India’s tech sector, heavily reliant on U.S. contracts, is bracing for economic fallout. Ramesh warned the legislation, if enacted, could light a fire under the Indian economy and force a major reassessment of U.S.-India economic relations.

The bill, introduced in early October and referred to the Senate Committee on Finance, establishes a “Domestic Workforce Fund” that would receive the tax revenue and use it for American workforce development. It also removes the ability for companies to deduct outsourcing payments from their tax filings.

Moreno said the HIRE Act is about ending the decades-long practice of “globalist politicians and C-Suite executives” outsourcing American jobs to chase lower labor costs. His bill, he argues, will “hit them where it hurts: their pocketbooks.”

Indian officials and economists see the HIRE Act as an expansion of economic protectionism. Former Reserve Bank of India Governor Raghuram Rajan warned that the bill represents a “creeping extension of tariffs from goods to services.”

The proposal follows Moreno’s earlier SAFE HIRE Act, which received backing from labor unions for imposing strict penalties, including prison time, on company executives who knowingly hire illegal aliens. Together, the two bills form a coordinated effort to reshape U.S. labor and immigration policy by punishing companies that prioritize foreign workers over Americans.

India’s tech sector is already under strain from a recently imposed $100,000 H-1B visa fee. The HIRE Act, if passed, would further restrict access to U.S. job markets, cut off billions in service export revenue, and put thousands of Indian tech workers at risk.


The Broadcom Pledge

Please raise your right hand.

I pledge to the greatest CEO in the history of the United States. That loves us so much he can’t even breathe.

That I will go out with my family, my friends, I’ll do it any way — I don’t care if I’m registered or not, I’m going to try to cheat like he-l like they do. There’s never been bigger cheaters. They don’t care.

I am going to go out and I’m going to get my friends, my family. And we are going to worship Hock on Nov. 3, or we are going to worship Hock before that.