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Look back at the layoffs from 2015. The excuses are the same. Too many layers, too much inefficiency, too much redundancy, too slow with technology, costs out of control, and a business model in perpetual catch-up mode.
The only thing certain about this company is its ability to keep spinning and spinning without actually solving anything. This was a broken company then, and it’s broken now.
Happy Oracle AI World 2025!
https://www.oracle.com/ai-world/
by end of year
https://www.cnbc.com/2025/10/22/meta-layoffs-ai.html
Colossus: The Forbin Project -- Watch it, it's happening right now in our generation.
Who knew, someone thought of this AI/Quantum computing idea in 1960's and made it into a movie in 1970. And now 55 years later, it's starting to become reality.
what are your thoughts on the push to use AI in our daily work? Too much? Too little? Should make our jobs easier and more efficient?
I left SF few years ago! When I look at current salary range, the higher end doesn’t hit my current base salary! How is it this company attracts experienced talent
Just heard CS talking about AI. All at beginning of this -- in terms of efficiency. I intemperate this as CS is looking for AI to increase efficiency. Not too many folks on this board have talked about AI at Wells. Only comments about tech is that it is horrible and way behind.
An article on the Entrepreneur site states for JP Morgan staff wanting to access their new $3B headquarters building, they will need to provide their biometric data.
Considering how much of a crush RK has on JP Morgan's CEO, Stifel should be breaking ground on a new headquarters soon that can only be accessed with biometrics.
Commonwealth Bank, Australia's largest bank and in fact the largest company, has successfully migrated their core banking system off the mainframe onto SAP S/4 Hana on an AWS cloud system. They expect to retire their mainframe in 18 months, and it's now only processing credit card transactions.
If Comm Bank can successfully retire their mainframe, then anyone can do it. The argument for keeping the mainframe has always been it's crucial for high transaction high security environments, but this proves that is not the case.
It's only a matter of time before other FSI companies, and governments, follow the same path.
So here’s what it is. Try to turn tech into a revenue generator by laying off a ton of people and licensing our technology with the new dept she created. Sorry folks that’s all you get when you pay someone $20 million a year. For $25 million you could have gotten a college graduate who learned AI by studying not by watching you tube. It’s Epic dude.
Intel (INTC.O), opens new tab on Thursday unveiled key details of its upcoming Panther Lake laptop processor, the first chip built on its next-generation 18A production process, aiming to convince investors its costly turnaround plan can restore its manufacturing edge. https://www.reuters.com/business/intel-outlines-details-first-pc-chip-made-its-new-manufacturing-tech-2025-10-09/?utm_source=chatgpt.com
https://web.archive.org/web/20250930120805/https://fortune.com/ranking/best-workplaces-technology/
or go straight here
https://fortune.com/ranking/best-workplaces-technology/
the top link is archived and there are no paywalls or adds. the bottom link is the source link.
Ford will introduce new EVs in 2027. The technology that Ford puts in these EV are all outdated. They are already being used in China since 2023. Ford is trying to benchmark what the Chinese EV implemented. This is embarrassing.
I’ve seen around my city and district, Wells Fargo is adding in new or additional ATM’s at branches, new TCR’s which allow tellers to deposit or withdraw directly from the machine next to them without needing to buy money from the vault pushing forward efficiency. Yet we still have drive thrus??? Non-revenue building and a dying generation who refuses to move forward.
What’s the plan here WF?
Any word on when the next wave hits for technology? I thought it was October but I haven’t heard anything for a while.
He was in chandler right anyone attend ? Any thoughts ?
Fifth Third just announced they are purchasing Comerica to form the 9th largest US lender. The current administration is going to be a lot more open to consolidation. M&T is no longer be able to compete with the larger institutions, especially with their reliance on commercial real estate. Despite huge investments in technology, it's obvious that M&T can't keep up (as evidenced by the failed People's United conversion and an antiquated web banking platform). These layoffs could be an effort to make the company a more appealing target.
SANTA CLARA, Calif., Oct. 06, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) and OpenAI today announced a 6 gigawatt agreement to power OpenAI’s next-generation AI infrastructure across multiple generations of AMD Instinct GPUs. The first 1 gigawatt deployment of AMD Instinct MI450 GPUs is set to begin in the second half of 2026.
AMD’s strong leadership in high-performance computing systems and OpenAI's pioneering research and advancements in generative AI places the two companies at the forefront of this important and pivotal time for AI.
Under this definitive agreement, OpenAI will work with AMD as a core strategic compute partner to drive large-scale deployments of AMD technology starting with the AMD Instinct MI450 series and rack-scale AI solutions and extending to future generations. By sharing technical expertise to optimize their product roadmaps, AMD and OpenAI are deepening their multi-generational hardware and software collaboration that began with the MI300X and continued with the MI350X series. This partnership creates a true win-win for both companies, enabling very large-scale AI deployments and advancing the entire ecosystem.
https://www.tweaktown.com/news/108067/microsoft-xbox-could-be-dead-rumors-suggest-hardware-production-has-ceased-on-xbox-consoles/index.html
https://tech4gamers.com/xbox-layoffs-expected-q1-2026/
Honeywell is a direct road to career obsolescence. Five years as an engineer and the most modern thing I have seen is a windows 7 controlled robot.. that doesn’t work.
AI… forget about it. You think you’re going to get a modern video card on that six hundred dollar laptop budget?
Meanwhile you hear rumors and stories of gleaming buildings in Asia where everyone has a phd and works for lunch money. All the best tools and a bus ride home.
Thinking of taking that offer? There is a reason Honeywell is the only one hiring. Tech job equivalent of a garbage picker.
Run and leave Honeywell off your resume if you can.
https://www.beckerspayer.com/executive-moves/unitedhealth-group-taps-ai-chief/
Who is looking forward to our every word being monitored?!
Just saw online how our technology is way behind others .who will gladly take up our sales we could make. Or be assisted with to get extra walk ins our slow stores.
I expect the worst of Saks Global and they have delivered accordingly
Nosferatu Robin was announcing to finance media that with BNY’s updated Eliza platform, 98% of employees are trained on AI.
Rumpled Robin said, 98% of BNY employees have received generative AI training and regularly use Eliza for tasks like check processing and code writing.
Gee, am I doing that now? I didnt know I could do that? I must be part of the ‘gifted’ 2%. We need to put this on our resumes.
Where are we with must win technologies???
Stop overselling yourself to your employer, quit legacy work instantly, insist on working on latest tech only. Ask them to use AI for old legacy maintennace work.
Tech jobs not worth holding on to Instead take deep look at how your earnings are going back into pockets of corporates and government - the overpriced loq quality home u bought, the over priiced car , the MRP marked up gorcery and Medicines, the status sysbol schools you send your kids to - wake up middle class, u signed up for slavery to look good among peers in society
Probably multiple locations and sectors including technology may be impacted not just HCOL
Here: https://youtu.be/LWO2ohVTXLA?t=1514. He talks about how Cisco loaned it's own money, and as many of the companies went bankrupt; our gear was sold on the open market. He started the discussion how an AI bubble could potentially play out.
Looks like Ramnik is in for the long haul. Get your white shirts out. Learn to work with Deloitte (DoLittle). His buddies from Deloitte are circling the wagon. The CTO team will be the first impact. Bank and P&C next.
The sinking ship is sinking fast. Time to jump ship.
The work began around a year ago, and preliminary agreements were reached by Intel's then-CEO Pat Gelsinger and Nvidia's Jensen Huang even before that. (A year ago, Joe Biden was president, though no one suggested his administration was involved, either.)
--> Did LBT steal the credit without giving credit to PG who worked with Jensen on the joint product a year ago ?
https://www.tomshardware.com/pc-components/cpus/teams-at-nvidia-and-intel-have-been-working-in-secret-on-jointly-developed-processors-for-a-year-the-trump-administration-has-no-involvement-in-this-partnership-at-all
Blood bath
https://www.businessinsider.com/once-it-seemed-impossible-ibm-is-now-worth-more-than-microsoft-2011-5
Does anyone know the wave 4 technology date? I heard it was October but I don’t know if that is the 14th or 28th.
I don't hear much about "Big Data" anymore. Was it a fad? Did brute force processing of big data prove unnecessary? Did business choose and anoint a particular vendor's product or has brute force been replaced by AI?
Viya was originally about massively parallel processing but has the market settled on a solution to that kind of data processing or moved beyond that idea? Technically superior products don't necessarily succeed if others are faster to market or market conditions change, right? What has happened?