#technology

So much for cost savings in technology. Everyone from Europe and NA in May lost their jobs to pad this guy's payroll.

Important change on how you access Webex

Keeping our data and systems secure means evolving how we work, including how we access tools like Webex. With this in mind, Webex will now follow Cisco's Trusted Device Standard and only be accessible from Cisco-trusted devices.

What to expect:
This change will roll out in phases, beginning August 31 and continuing through September. Once it takes effect, you'll be automatically signed out of Webex on all your devices. Simply sign back in on a Cisco-trusted device, such as your Cisco laptop. Going forward, you can only sign in to Webex using a Cisco-trusted device.
If you're using Android, you'll need to use the Webex app in your work profile.

Why this matters:
Adding Webex to our trusted device standard gives us an extra layer of protection for more sensitive data and helps pave the way for new Al capabilities to enhance your Webex experience.

tldr; you wont be able to use Webex on your personal phone without installing Cisco spyware that severely limits your phones usability for security reasons

Visa's recent workforce reduction is not solely an indicator of AI replacing jobs but rather a strategic capital reallocation. The company reported record financial performance concurrently with the layoffs, suggesting a business in growth, not decline. This move highlights a broader trend of companies re-evaluating their workforce in response to evolving technological landscapes. The article posits that AI and tokenization are the primary drivers of change within the financial sector. Ultimately, the focus is on how tasks within jobs are transforming, rather than a wholesale elimination of roles.

https://bizbeat.nus.edu.sg/thought-leadership/article/the-visa-story-is-not-about-layoffs-but-about-two-revolutions/

A German company with a Colorado presence is utilizing satellite technology to improve wildfire detection and tracking. OroraTech provides satellite imagery to fire departments, supplementing existing ground-based camera networks. This space-based monitoring allows for earlier identification of fires, even when traditional cameras are obscured by smoke. The company's constellation of satellites offers more frequent updates than existing systems, focusing on the critical afternoon hours when fires are most active. By combining satellite data with other sensors, OroraTech also generates fire simulations to aid in response strategies.

Colorado Springs, Colorado

https://gazette.com/2026/08/17/german-company-in-colorado-providing-wildfire-detection-and-tracking-from-space-2/

Ours or Warners? Doesn’t it make sense to ingest all the Warner content into P+ and call it good or are we just going scrap everything we’ve built for the past 4 years?

If you don’t know you don’t know. #techiesmattertoo

https://georgenoble.substack.com/p/pov-openai-anthropic-nvidia-and-oracle?utm_campaign=post-expanded-share&utm_medium=web

6-12 months?

What areas are toast first?

Seems like anyone that does repeatable tasks (monthly/quarterly reporting, etc.) can be easily replaced.
We are training AI to update models and model documentation, so eventually we won't need model owners.
Soon we'll be training AI to validate the models, so we won't need model validators.
AI is combing through our data to find improvements (i.e. automation (aka workforce reduction) ).
I've watched demos here at work where AI is writing hundreds of lines of code in real time with some simple prompts for a fraction of the cost of an army of developers.
Even the cafeterias are reducing workers. It's all self checkouts and order kiosks now.

So how long do you think you have until you are replaced?

The stock is up on the AI demand, who do AI Naysayers have to say now?

Come on you doom and gloom brigade...

If I get LR’d, and don’t return my Cisco laptop will they brick it? Has anyone successfully kept their Mac laptop functioning after removing all the Cisco bloat?

Is anyone going in person to the technology all hands going to ask the tough questions?

This deserves its own main thread not buried in comments on various ones. It’s no coincidence why things have been a fu--ing sh-t show circus since he came. I’ve lost trust and respect for this company, it’s truly sad how much damage has been done to moral for everyone in technology.

Most likely future: a hybrid model — towers stay dominant in cities and suburbs, while satellite fills the gaps in rural/remote areas and acts as emergency backup everywhere

Twilio's video and voice APIs along with their voice-based AI features, are proof that this space is very much a growth market.

Cisco had the same assets and the same opportunity. Instead it filed the people building this technology under non-core, non-growth, legacy, and let them go.

The market just told Cisco what it thinks of that call.

How do folks feel about AI-DLC?

U.S. job cuts in July significantly decreased by 27% compared to June, reaching the lowest monthly total in two years. This marks a 46% reduction from the same period last year, with year-to-date layoffs down 41%. Technology remains the leading sector for job reductions, largely attributed to artificial intelligence advancements. Conversely, hiring plans have increased by 25% year-over-year, indicating a resilient labor market despite technological shifts.

https://www.challengergray.com/blog/challenger-report-layoffs-fall-hiring-picks-up-ai-leads-for-fifth-straight-month/

Is in the sorriest state I've seen it in decades. We are literally regressing. Sh-t is being rolled out with misunderstood requirements and no user testing. You'd think with all the ridiculous money we're spending on AI tokens and credits we be...idk, coding? Making things easier?

An MRA waiting to happen.

Me, Im going big 4 consulting. WF will eventually have to hire me back at 2x the consulting fee lol.

Washington's tech sector is experiencing ongoing layoffs, adding to a significant number of job reductions statewide this year. Both Verizon and Intel have announced workforce reductions as part of their strategic adjustments. These cuts contribute to a challenging job market for those seeking employment in the region. The trend of substantial layoffs in Washington continues from the previous year. Over 8,500 layoffs have already been reported across all industries in the state this year.

Seattle, Washington

https://komonews.com/news/arc-seattle/verizon-intel-layoffs-add-to-washington-job-cuts-topping-8500-so-far-this-year

Has anyone else noticed more technology employees moving from Markets to TTS (Treasury and Trade Solutions) over the past couple of years?

What are the main reasons driving this?

• Better work-life balance?
• More stable funding and priorities?
• Better career growth opportunities?
• More interesting technology projects?
• Less pressure compared to front-office technology?
• Or is compensation no longer significantly different?

Look at the numbers, Webex is rocking again! Just wait for WebexOne!

Lots of agents have been made, none of them good. Any1 know of any agents that are actually useful and have any benefit over what workbench does?

On December 1, 2025, IBM questioned the economics of hyperscalers’ AI infrastructure plans. Using a hypothetical 100-gigawatt global buildout costing $8 trillion, he concluded: “There’s no way you’re going to get a return on that.”

The warning was not irrational: AI infrastructure is expensive, chips depreciate quickly, and not every investment—or every provider—will earn an adequate return. But Amazon’s latest results make the categorical conclusion increasingly difficult to defend.

In Q2 2026:

• AWS revenue rose 37% to $42.2 billion, its fastest growth in 18 quarters.
• AWS operating income increased 64% to $16.6 billion.
• AWS achieved a 39.4% operating margin.
• Amazon’s AI and custom-chip businesses each exceeded a $25 billion annual revenue run rate, with both growing at triple-digit rates.

Amazon is now planning approximately $220 billion of 2026 capital spending, yet says demand continues to exceed available capacity and much of its 2027 AWS capacity is already reserved. AWS’s contract backlog reportedly reached $496 billion.

Amazon is simultaneously increasing AI investment, accelerating AWS growth and expanding cloud operating profit.

The better conclusion is not that every dollar of hyperscaler spending will pay off. It is that the companies owning scarce AI capacity, customer demand and global distribution may earn substantial returns—while companies that avoided the investment risk becoming dependent on them.

IBM may ultimately prove correct that parts of the AI buildout are excessive. But Amazon’s results suggest that refusing to participate carries its own, potentially greater, cost.

"So began the gradual rollback of ... “tokenmaxxing,” the misguided — and ultimately short-lived — trend based on the idea that the solution to every problem is more AI. That view is falling out of favor, both because employers are reckoning with AI’s runaway costs and because workers are realizing that it’s not always the best way to get things done."

bwahahahaha. Someone tell Derek Flowers. Risk is so fu---d. AI is not the solution, but now the workplace is so toxic and the technology is to clunky no one wants to work in Risk.

https://www.bloomberg.com/news/articles/2026-07-31/corporate-america-cracks-down-on-ai-spending-after-rushing-to-powerful-tools

Everyone is debating GCC and pointing fingers at India or coining terms usb India.
Surprised no one is talking about what could be the real governance question.
For example, Masud Amd, Head of AI under WCIB reporting to Qasim Khan(Chicago hub) and S Sheikh, Head of AI under Digital reporting to PM (Chicago hub) are reportedly husband and wife and both work in the Doc Intelligence space leading AI.
The real question isn’t where anyone is from—it’s whether appropriate conflict-of-interest disclosures, governance, and ethical safeguards are in place. How does the Ethics Office ensure that situations like this are reviewed and managed transparently? Are the same standards applied consistently across all employees, regardless of role or seniority?
The management of WCIB Technology under QM Khan was consistently perceived as biased inclusive Gender, Race, and Ethnicity
https://www.hcamag.com/us/specialization/employment-law/employee-sues-us-bank-for-firing-her-months-after-hr-complaint/567107

TLDW, any new nuggets of insight?

https://www.wral.com/business/technology/jim-goodnight-sas-interview-july-2026/

Visa achieved a historic milestone by surpassing $4 trillion in quarterly payments volume, demonstrating robust growth in both consumer and commercial transactions. This strong performance was further bolstered by a significant 34% year-over-year increase in value-added services revenue, largely driven by FIFA World Cup marketing initiatives. Despite this financial strength, the company announced a workforce reduction, primarily impacting technology and product roles. Management has raised its full-year earnings and revenue growth forecasts, signaling confidence in continued business momentum. The savings from these layoffs are intended to be reinvested into future growth areas like stablecoin and agentic commerce.

https://www.tikr.com/blog/visas-q3-earnings-crossed-4-trillion-in-volume-then-came-the-layoffs

I’m hearing that we have another round of layoff in FI Technology. Somewhere around in Sep or year ending. This time only for contractors. Is it true and real ?

Federal data indicates a rise in planned layoffs for July, primarily affecting the technology and manufacturing sectors. These workforce reductions are attributed to increased uncertainty, the integration of AI, and a desire for greater efficiency. While the overall labor market remains stable with low unemployment, hiring has become more selective. Experts suggest these layoffs represent structural shifts rather than a broad economic decline. The trend points to a cautious hiring environment as companies adapt to evolving industry needs.

U.S.

https://www.newsweek.com/list-of-companies-laying-off-employees-in-july-12128209

Where do you start if you want to explore VR opportunities? HR?

This entire argument reads like it was written by someone who still thinks the internet is a fad. It’s not 1997 anymore. Knowledge workers don’t collaborate by walking over to a cubicle. They collaborate across states, countries, and time zones every single day.

It’s fascinating how some leaders still talk about remote work like we’re trying to connect through dial-up and fax machines. We’ve spent years proving that distributed teams can deliver complex work, and somehow we’re still pretending physical proximity is the secret ingredient.

Apparently we’re expected to believe that sitting 20 feet apart magically produces innovation, while sitting 200 miles apart somehow destroys it. Funny…the technology industry seems to have missed that memo.

By this logic, Microsoft Teams has apparently been a very expensive mistake. Someone should probably let Microsoft know their entire business model only works if everyone sits in the same building. 🙃

Rolling DNS before doing a deployment. Never, in my most "how bad could this get?" imagination did I expect to hear a senior technology leader bragging about achieving a process that has existed for decades. What a way to justify that big salary.

Wells Fargo: modernizing technology by bringing you the past.

Will Circle have more success with blockchain than IBM did? See https://www.circle.com/pressroom/circle-acquires-ibm-blockchain-patent-portfolio

What are your opinions when this releases and what will be its impact on cybersecurity in T?

The malignant claws of Oracle, Amazon, Workday and Salesforce have finally dug in deep enough and metastasized. It was inevitable but still very sad.

I learnt from my friend that there are certain teams(like his in CLM) who have been allocated a Claude Code subcription. Do you if this is only certain location/teams or is it being pilotted?

An email from CEO from an hour ago announced 2600 roles eliminated across company, mostly among Technology and Product teams, representing about 7% of all roles in the company

Hearing that SG layoffs will be in full swing post earnings call. Will affect both product and tech.

Have an offer with schwab in the technology division and had couple of questions. Does schwab do performance reviews mid-year, end-of-year, or both? Also, if there are layoffs, how does severance usually work? And if someone were let go for low performance, is severance typically involved, or does it depend?

Is this real or AI slop? LMFAO!

https://x.com/CultureCrave/status/2080746632497561795