#technology

An impossibly defined unicorn job.

https://jobs.citi.com/job/jersey-city/investor-services-technology-data-solutions-senior-vice-president/287/97130417600

One SVP for at least advanced roles, which do not go together:

• Data Strategy and Governance: Define data models, glossaries, and data architecture principles across 50+ Investor Services platforms (Custody, Fund Services, Post-Trade DVP/FOP).
• Utility Engineering: Developing Java or Python code to build schema validators, data contract testing frameworks, and code generators.
• Mapping SFTR, FATCA/CRS, SWIFT, and JSON/Avro data contracts.

Can someone explain what the backbook migration means? And which teams are expected to be impacted once this happens? Will it be primarily BT? I’m also hearing that Houston Pulse people were laid off recently? True?

Has anyone heard of upcoming layoffs for Q4? Specifically for Ratings Tech

Cisco's AI talk is the Potemkin village; the balance sheet is still routers and switches. Cisco wasn't in the room where the real AI titans sat. Maybe because everyone already knows a Potemkin village doesn't get invited to the palace

Cisco's president believes artificial intelligence will ultimately create more jobs than it eliminates. He likens the company's role in the AI bo-m to providing essential infrastructure, comparing it to the picks and shovels of a gold rush. While acknowledging job reconfigurations and potential risks, he emphasizes AI's power to generate original insights and solve complex problems. Patel argues that AI fluency will become a prerequisite for employment, leading to new job categories. He asserts that the industry must focus on making AI a net positive for humanity.

San Francisco, California

https://abc7news.com/post/cisco-president-jeetu-patel-says-ai-will-create-more-jobs-eliminates-despite-tech-layoffs-exclusive/19888268/

https://www.yahoo.com/news/politics/articles/trump-revealed-seating-chart-big-173510692.html

Technology is reducing headcount by 10% in 2027.

Are all groups now on Teams? Is Zoom
Now becoming disabled ? When will it be required to use Teams? I heard in a meeting that they are starting Teams up mandatory for SLOD first on 10/1 is this true?

"Reuters obtained a letter in which Jana argues that Fiserv’s current $500 million Project Elevate savings target by 2029 should be raised to about $1.25 billion, and wants management to announce the more aggressive target with third-quarter earnings. Jana is also pushing Fiserv to use Palantir to rationalize technology spending, retire technical debt, and reduce legacy-vendor costs. Fiserv had not responded publicly to Reuters as of the report." https://www.reuters.com/business/activist-jana-pushes-fiserv-accelerate-cost-cuts-tap-palantir-2026-09-28/

I've been with the company for several years, and honestly, it feels like things are getting worse by the day.

Between the constant talk about someone buying us, people resigning, and the general atmosphere in the offices, morale is basically nonexistent. The offices feel sad, there’s zero motivation left and the company it self just suffocating us.

My salary is almost half the market average for my field. On top of that, the company is so far behind technologically that staying here is starting to hurt me professionally. The longer I stay, the bigger the knowledge gap becomes between what I work with here and what the industry actually expects.

The main reasons I've stayed this long are the good people I work with and, ironically, the fact that things have gotten so bad that nobody really cares if I leave early or do whatever I want.

But at this point, even that isn't enough.

Even if they raise my salary to the market average, I'm still planning to leave by the end of the year. I don't have a big financial cushion, and I know the job market is terrible right now, which makes leaving scary.

But staying here feels worse.

How big is that team? How solid are those guys?

Lots of hypes but not sure real substance.

"Outsourcing to AI is the same bright idea as offshoring work to China / India...etc. (I am not sh-----g on Chinese, Indians...etc. I know people need work and are paid peanuts).

Outsourcing leaves countries without skilled workforce, technology, R&D, continuous progress, trained people, people who can train juniors to seniors...etc. You name it.

Then the price gets hiked up.

In a couple of years, those same id--ts who fu---d the whole training and working process up are the same id--ts who will cry for not being able to find people who will do the work." -Morden013

San Francisco's tech sector is experiencing a dual reality with significant job growth alongside a surge in layoffs. The rise of artificial intelligence is reshaping the skills employers seek, leading to a decline in demand for traditional software engineers. Conversely, roles like forward-deployed engineers are experiencing rapid growth due to their ability to bridge the gap between AI tools and customer needs. A community has formed to support laid-off workers navigating this evolving landscape. This shift highlights the dynamic nature of the tech industry in the current economic climate.

San Francisco, California

https://finance.yahoo.com/technology/ai/articles/san-francisco-booming-again-unless-151700204.html

Remember when these were the buzzwords in WF tech and we all were told to run to those shiny objects? Learn those and protect yourself from layoffs. Then BE came on board and she read something about AI on a buzz feed list called "ten things you must know about tech to sound qualified" and now we are all in on AI. Hey, by the way, what's the ROI on that? Especially since the gatekeepers are actively discouraging actual deployment. Be like BE and her BNY crew, move slow and continue to break things. Winning!

Expedia Group is laying off 58 employees in Washington state. These reductions are expected to occur between November 21 and December 1. The affected roles include positions in technology, product, and corporate departments. This move follows previous layoffs and a broader restructuring driven by advancements in artificial intelligence. The company is streamlining operations and reorganizing its teams.

Seattle, Washington

https://www.geekwire.com/2026/expedia-group-laying-off-58-employees-in-washington-state-in-latest-cuts-at-travel-giant/

Hey Verizon!!! Are you having a good day? I hope you are having a good day. T-Mobile is having a great day!!!

T-Mobile scores another 5G first, and customers are already reaping the benefits
https://www.phonearena.com/news/t-mobile-5g-sa-roaming_id183512

a high-visibility internal consulting and executive ghostwriting/presentation role

https://qwcbrand.com/news/quantum-is-ready-for-manufacturing

Thursday, Sept 24 11:40 – 11:55 AM

Only gets 15 minutes?? Yeesh. Someone please, PLEASE ask him to explain how they’re a “quantum wafer foundry” when they don’t actually have a foundry. Please!

Smaller, frequent layoffs are impacting Seattle's technology industry, contributing to a significant slowdown. These consistent reductions are quietly eroding the economic foundation that has driven the city's expansion. State filings reveal numerous layoff announcements affecting local workers throughout the year. The cumulative effect of these cuts is a notable decrease in information sector jobs. This trend signals a substantial shift for the traditionally high-growth tech industry.

Seattle, Washington

https://www.axios.com/local/seattle/2026/09/21/seattle-tech-sector-job-losses-information-employment-2026

This is nothing more than a dollar tree motivational speech.

And how about we fix out technology so we don’t constantly lose connection?

Realistically?

I was looking through the official 2026 h1b / lca data published by the DOL (it's mandatory to disclose to them). the dol publishes these public disclosure files for h1b, h1b1 and E3 applications.

for jpmorgan chase, i used the 2026 employer data available through h1bhq:

https://h1bhq.com/search?employerSlug=JPMORGAN-CHASE-and-co-2&fiscalYear=2026

the figures below come from that dataset.

jpmorgan chase is cutting us jobs while filing for 1,843 h-1b positions...

this is the part i have trouble understanding.

jpmorgan chase has been cutting roles in the US. at the same time, the 2026 h-1b data shows 1,843 records for jpmorgan/chase.

the average listed wage is $162,992 (healthy)

this is not mostly a handful of unusual specialist positions. a large portion of the filings are for technology jobs.

some of the most common titles:

278 - vice president, lead software engineer
158 - associate, software engineer iii
102 - software engineer
102 - vice president, sr lead software engineer
60 - financial analyst
54 - vice president, sr manager of software engineering
40 - vice president, product manager
28 - business intelligence analyst
24 - vice president, manager of software engineering
23 - data scientist
22 - vice president, applied ai ml lead

the geographic concentration is also interesting.

400 - new york, ny
348 - jersey city, nj
304 - plano, tx
219 - wilmington, de
176 - columbus, oh
71 - tampa, fl
55 - palo alto, ca
51 - san francisco, ca
47 - chicago, il
42 - houston, tx

80% of the records are concentrated in just NY, jersey city, plano, wilmington and columbus.

i understand why the h-1b program exists...companies sometimes need skills they say they cannot readily find in the domestic labor market.

but that raises an obvious question when a company is also reducing its us workforce.

if the co has enough work to sponsor hundreds of software engineers, data specialists, product managers and other professionals, why are employees in the US being laid off or having their positions eliminated?

are these completely different skills and organizations?

are laidoff employees being considered for these openings?

are positions being eliminated in one part of the company while essentially similar positions are being filled through h-1b sponsorship elsewhere?

or is this simply part of a broader strategy to change where and how the company sources its workforce?

i am not saying every h1b filing represents a replacement for an american worker.

but... 1,843 records in one year (we have 3 mo to go), with an average listed wage of nearly $163K, is large enough that employees deserve to understand how this hiring fits with the layoffs... and job cuts they are seeing around them.

what are you seeing? are teams actually short of people? are laidoff positions being refilled?

are h1b workers joining areas that have recently had reductions?

specific teams, locations and job titles would be relevant.

PeaceHealth is eliminating 150 technology positions as it outsources its IT operations to The HCI Group. These job cuts will take effect in November. The majority of the affected roles are based in Vancouver, Washington. This move is part of a larger strategy to modernize the health system's technology infrastructure. PeaceHealth states that on-site technology support will continue across its facilities.

Vancouver, Washington

https://www.oregonlive.com/business/2026/09/peacehealth-to-layoff-150-workers-most-based-in-vancouver.html

So vp’s don’t touch their sr directors or directors but layoff all the Nike engineers.
The systems are unstable as Accenture did a sh---y job and know nothing.
Big issues occur and vps hammer down on why things are not fixed.
Directors and sr directors are trying to fix but have no tech knowledge or background and Accenture is clueless.
Sorry vps, but you’re lying in the bed you made.
We should be fine….

Anyone know anything about what’s happening in wealth management? Seems like teams are being thinned out and not being replaced
this seems to be more for bank side and tech but I just found this page

https://levelup.gitconnected.com/i-have-survived-4-tech-extinctions-since-2002-and-ai-is-number-4-c4ced4852026

Nexstar Media Group is reportedly implementing further layoffs across its local television stations. These reductions are driven by the company's increasing reliance on automated systems for producing on-screen graphics. This shift aims to streamline newscast production by replacing some on-site staff with technology. The move follows previous rounds of job cuts and consolidates graphics production into centralized hubs. Employees have noted the use of software to generate visual elements that previously required dedicated local personnel.

https://cordcuttersnews.com/more-layoffs-coming-to-local-abc-cbs-fox-and-nbc-stations-owned-by-nexstar/

Will I finally be able to talk on the phone without holding it over my head and walking around in random patterns waiting for the bars to increase?

Verizon 5G is getting better and better
Recent upgrades have expanded capacity and boosted speeds.
https://www.phonearena.com/news/verizon-5g-sa-ericsson-air-3283_id183421

Late movers have their advantages. While T-Mobile kicked off its 5G rollout with pure 5G, or 5G Standalone (5G SA), Verizon opted for 5G NSA (Non-Standalone), which relied on its existing LTE core network. Verizon has been moving to 5G SA since late 2025, and it's a big reason customers are noticing improvements.

https://wccftech.com/intel-ceo-lip-bu-tan-reportedly-moves-up-14a-risk-production-to-q1-2027-as-the-nodes-defect-density-races-toward-target/

FIS Acquires AI-Native OpenCoreOS as Core Banking Consolidation Continues

Banking and payments technology group FIS has acquired OpenCoreOS, the AI-native core banking startup founded by former Zafin chief executive Al Karim Somji, only months after the company was publicly launched.

FIS told The Fintech Times the deal completed in March and that Somji has since joined the company as president of enterprise platforms. Financial terms were not disclosed.

The deal was not announced at the time, although Companies House records put the change of control on 18 March, when Fidelity National Information Services was registered as owning at least 75 per cent of OpenCoreOS UK’s shares and voting rights, as well as having the right to appoint or remove directors. Somji ceased to be a person with significant control on the same day. The board also changed, with all four existing directors stepping down and two new directors appointed.

Bigger core banking providers are increasingly buying newer technology rather than building it themselves, according to analysts, who expect more deals to follow.

Paul Schaus, founder and managing partner of banking consultancy CCG Catalyst, says: “It tells me the large providers have decided it is faster and cheaper to buy innovation than to build it.”

He cites Fiserv’s acquisition of Finxact, FIS’s purchase of Bond and SoFi’s acquisition of Technisys as earlier examples of established financial technology companies buying newer platforms.

On OpenCoreOS, Schaus says: “When a company that is young gets acquired, the buyer is not buying a business, because there was no business yet. FIS bought the technology direction, the team, and time.”

A fast move into FIS
OpenCoreOS was introduced in October 2025 as the “next chapter” in Somji’s work on banking technology, after a period in stealth. The company described OpenCoreOS as an AI-native core modernisation platform and said general availability was planned for the first quarter of 2026.

Somji had already stepped down as chief executive of Zafin after more than two decades leading the banking technology company, while staying on its board. He founded OpenCoreOS with former HSBC global CIO Steve Van Wyk, CTO Slavo Vojacek and chief AI and product officer Ricky Marcon.

At launch, the company said it was working with tier-one design partners. It also said the platform could run across several cloud providers at once, so an outage at one would not take a bank offline.

FIS already runs several core banking systems. It launched Modern Banking Platform in early 2020 as a cloud-native, component-based way for banks to upgrade their core in stages. Buying OpenCoreOS adds another newer-generation platform to that mix.

Schaus notes the timing: “Six years after launching it, FIS went out and bought an AI-native core.”

FIS gave no further detail on why the deal was not announced, whether OpenCoreOS remains a standalone product, how FIS is using the technology or whether any banks were live on the platform when the deal completed. It did confirm Somji’s move into the president of enterprise platforms role, and Schaus thinks that appointment says plenty about the deal.

Am I reading this correct? Am I just stupid? We spent however much money developing Aviator so we can provide agentic AI to companies because we're like an AI company (allegedly) right?? So why are we now partnering with an AI company to bring secure data to governments and all of the sudden bringing only data to the table?? Wasn't the whole point being building AI agents that conform to whatever standards is needed so governments can use them? Now we're just the data source for the AI agent that can be changed at will.

Also, ok sure we have products that this makes sense for. But what about the rest of the products? What about Microfocus products? What data can we provide from for ex. ITOM to feed into agentic AI? A bunch of our products dont even fit the bill here. So where do they fit in the AI data future?

The vibe of the townhall seemed like a 3 hr 1970s indie movie were absolutely nothing happens!
The usual cry over the ongoing demise of Chemicals business (probably the 10th quarter and still pending).

Funny that an organization that keeps talking about Decision Quality (they spend millions in building those very DQ tools) had such poor time management in their townhall that half of the VPs weren't able to present - a prime demonstration of how pathetic Technology org is in planning, management and execution!
Leaders incharge of innovation within Technology, feeling absolutely delighted about working with Universities and external parties, rather than focusing on innovating something within Shell. Unnecessary blabber about Data and AI when infact IDT are the rightful owners of it.
The sheer audacity of the leaders to say that 'there is no reorganization planned for technology', at a time when all other functions have been shaken to their core, is pure delusional if not foolishness.

Any Thoughts? Comments?

https://www.reuters.com/world/asia-pacific/sk-hynix-talks-with-intel-about-deal-make-memory-chips-us-first-time-sources-say-2026-09-16/

Following up to whoever posted the mainframe vs Cassandra thread. https://www.thelayoff.com/t/1m1xs6sxm

Mainframes aren't my specialty but this Heirloom company keeps popping up on my LinkedIn so I figured I'd mention it in case it helps someone else. They use AI to convert legacy COBOL to Java whether on the mainframe itself or on some other hardware.

https://heirloomcomputing.com/ibm-mainframe-modernization/

Again, not my specialty and I have no first hand experience. Just figured it was worth mentioning.

Cant reach the page

This is not your usual displacement
🙀

How likely is it that management will start to phase out as Ai learns the job? Should I be looking for a new job?

Anyone hear anything about a digital product or broader product reorg? Theories on the entire product org moving under tech