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Project Elevate Death March

Financial Solutions interim leadership (Andrew Gelb and Srini Krish) are confirming what the Street has been whispering since Jana Partners’ letter hit: the $500 million Project Elevate savings target is dead. The activist is pushing hard for $1.25 billion by 2029 and wants Palantir brought in to accelerate the tech cleanup. New CEO Takis Georgakopoulos (the ex-JPMorgan payments guy who took over after Mike Lyons bolted for Truist) is already reviewing every cost center.

Expect the real bloodletting after the November 3 earnings. They’re looking hard at residual legacy ops, certain debit network remnants (Star/Accel chatter never really died), non-core Clover support layers, and parts of the old Financial Solutions stack that Dhivya Suryadevara left behind when she exited. Adam Rosman’s departure from the legal/admin side was just the first visible crack. Insiders say the next round won’t be another quiet 98-person New Jersey WARN notice—it’ll be bigger, faster, and uglier. Georgakopoulos is monetizing what he can, divesting what he can’t, and the margin pressure is real.

But here’s the part that doesn’t make the analyst notes.

In the closed-door strategy sessions last week, someone apparently brought shrimp. A lot of shrimp. One of the interim co-heads looked over and said something about the ocean running out. Nobody laughed. Then the conversation somehow drifted to whether Finxact could be pitched as a core ledger for two-sided marketplaces and also whether anyone had ever actually been to Akron. Someone mentioned flying there just to settle an old score. Another person started talking about life-support machines and coma wives. The whiteboard somehow ended up with “je-k store” written on it in three different colors.
By the time the meeting broke, the official action item was still “accelerate cost reductions and evaluate Palantir,” but the unofficial one—the one people keep repeating in the elevators—was simpler:
“Well, the je-k store called… and they’re running out of you.”
That’s the real Project Elevate status update. You’re welcome.


Paralysis

Does anyone get the sense that C14s and 15s are paralyzed right now. Projects are sitting in queue, legal is not responding, compliance is absent. Nobody knows what next Wednesday is going to bring and there's no use working on something when the project, or the personnel may go away.


slb

Schlumberger figured out modern well logging. Nearly a century later, I have to deal with sh---y OSDU standards and .ZGY files pushed by Indian project managers with no understanding of what we’ve actually been doing. Completely failing company... Also, no one likes SLB. Stop pushing your offshore Indian storage architecture on everyone.


Project unity celebration

Just seen there was a celebration of project unity in the UK with Shannon Bell. I am not sure this migration could have been anymore of a sh-t show. I previously spent 30% of my week chasing approvals (that in 4 years I have never not had one approved or declined for my error). I now spend 95% of my week on approvals, but yeah let's celebrate the sh-t show, senior people should lose their jobs for this incompetence.


Do We Still Need Project Managers at HCSC?

Why does HCSC still maintain project manager roles? Beyond following up with people, what value do they actually add and why don’t they seem to be held accountable when projects fail? Shouldn’t these positions be considered redundant with us being agile ?


Terminated, but still regularly consulted

I was terminated in March last as a result of self protection political games from my manager. Naturally this also terminated all the knowledge of a significant project I managed for over 3 years.

Since then, I still get regular calls or texts asking me for help, information or assistance. Despite my message to VP and several directors asking them to refrain from this pointing out I am no longer responsible for filling their self created knowledge gap; it continues on regular basis.

Conclusions:
Cummins management is delusional.
Cummins has a knowledge problem.
Cummins doesn't give a damn about certain genders and prioritizes dei over project success.


Tahoe's Sunnyside Restaurant unveils $5 million overhaul following 47 layoffs

Sunnyside Restaurant & Lodge is temporarily closing its doors for an extensive renovation project. The Local Food Group, led by Mark Estee, is undertaking this significant upgrade. The estimated cost for the renovation is up to $5 million. This closure is expected to last approximately six months. The project aims to modernize the popular establishment.

Sacramento, California

https://www.bizjournals.com/sacramento/news/2026/08/05/sunnyside-tahoe-layoffs-remodel-mark-estee.html