#company

When FT took back their Customer Service, they left Main Office Services and Customer Operations at FIS. Today, at a BPS Fireside Chat, SVP Ian McCoy and Client Services Manager Sandy Edmunds announced that FT is also taking back MOS and OPs, thereby terminating the ten year contract. Was only able to read the questions in the chat, have not see the recording yet, if there is one. The chat questions involved employees in those functions asking about their futures. The answers were not comforting. Sandy implied that FIS did not understand why the contract was being terminated. It was because they did a sh---y job and impacted FT's relationships with their own clients. She went on to address timing questions by stating that she did not know who the new vendor would be "unless they went behind their backs." That is a stunningly deceptive statement. FIS failed to deliver on every level to meet SLAs or they did a sh---y job whichever anyone prefers. It was shocking to read that. Will see what else can be gleaned unless someone else reading here knows more. Cue up the Mission Impossible theme...

Is it based on your manager? Or is it a strict no-no?

Stockholders have voted in favor of the acquisition! Let the sh-t show resume and the Rifs continue.

When I tried warning everyone to sell at $270, y’all just told me you were buying more.
I really hope it goes back up for you because I still have $9k in it. But I’m ready to call it a loss.
Stock’s already below $100, we’re getting hit with another round of employee cuts this year (remember the “no more big layoffs” promise?), and Srini keeps bleeding the company dry. Insider selling has been nonstop and the shorts are printing.
Some of us saw this coming months ago. The people who got let go tried to tell you. Now we’re all just watching it burn.
How low we going? $99? $80? Who else is still holding and ready to walk away?

Does anyone know what the NDA will entail? Specifically wondering about social media.

Recent LinkedIn slop post by Mike Whitaker that perfectly explains why the Citi MDs that have no clue get the seats that they have:

“Nobody is going to manage your career for you.

I wish someone had told me that in 1980 when I walked into NatWest as a junior office worker.

Instead, I spent the first few years of my career believing that if I worked hard and kept my head down, the right people would notice. That the system would reward me. That someone, somewhere, was keeping track.

Nobody was keeping track.

Here's what I've learned across 45 years and thousands of careers watched, and developed:

The people who progress are not always the most talented...

They're the ones who:

→ Know exactly where they're heading and why
→ Build relationships before they need them
→ Move towards discomfort instead of away from it
→ Think two jobs ahead, not just one
→ Refuse to let their current expertise become their ceiling

The people who plateau are often the most capable people in the building. They're just waiting for someone to tap them on the shoulder.

That tap isn't coming.

I've sat in boardrooms where promotion decisions were made. I can tell you — the conversation is "who's ready?" And readiness is something you build deliberately. Nobody builds it for you.”

Any updates on if they are expanding the RTO radius for MN and DC?

Wth! More layoffs?!

The UK 🇬🇧 is looking like it’s going in the right direction. Share how KD affected your life at bp both the positive and the negative.

This site is called "TheLayoff.com", not "YouNeedATherapistButWontGetOne.com"...

it would be cool if anyone had any ACTUAL layoff information to post instead of having to read a bunch of grown adults bashing anything they can to cope with their fear of being laid off.

SAP SE is divvying up responsibilities for its product and engineering functions in its second top-level reorganization this year, people familiar with the matter said, as Europe’s largest software company grapples with staying ahead of rising artificial intelligence competition.

SAP has decided to split the responsibilities of Chief Product Officer Muhammad Alam among existing executives as Alam prepares to leave the company in March, rather than name a new CPO with those duties, the people said, asking to not be identified as the plan hasn’t yet been shared internally. Chief Executive Officer Christian Klein will take over most of Alam’s teams, while Chief Operating Officer Sebastian Steinhäuser will handle industrial AI, the people said.

A spokesman for SAP declined to comment.

Growing enterprise interest in AI tools from OpenAI and Anthropic PBC has put SAP and other traditional software firms under pressure to adapt. Klein is reorganizing the company to focus more resources on AI development, something he sees as key to the German enterprise software company’s survival.

It’s come alongside several executive board departures in the last few years, which have shifted reporting lines and responsibilities. In March, Klein gave another board member his sales responsibilities and took on greater oversight of AI strategy. He said in an email to employees at the time that “we once again need to transform SAP end to end, going all in on AI.”

SAP’s shares have declined about 35% this year.

Read more: SAP CEO Says AI Transition Will Require Short-Term Pain

The company is fending off criticism from some partners and customers that its early AI tools aren’t worth the expense, and others who say that they may look outside of SAP’s ecosystem for AI capabilities. In March, Klein pushed to expand access to AI tools to customers who hadn’t yet migrated their all of their legacy systems to the cloud, prioritizing the newer technology.

SAP will continue to search outside of the company for a new executive product lead, two of the people added. The company will target candidates in the US, its largest market, where Alam is the only executive board member, they said. Alam, who took the role leading SAP’s global product and engineering organization in 2024, also oversaw SAP’s software applications including product strategy and development. It’s unclear how the role will be structured under the new CPO.

The orchestra has stopped. The music of reinvent is over, just 5 years after its terrible opening. Now, the cull of the rest of the reinventors who have hidden in the VP roles needs to complete this master opus.

That genuinely seems to be the plan. I wish I was joking.

CEO , please work hard to push it below 40 ..LOL

No layoffs again today, tomorrow and Friday are holidays

Looks like all the rumours were not true, nothing happening

Metric Value
Price on July 1, 2020 $23.40
Price today $20.72

Cumulative price return -11.5%
Holding period 6.00 years
Annualized price return (CAGR) -2.0%

Being dropped from the Dow was a wake up call. The stock has struggled, morale has taken a hit, and many employees and investors are questioning the company’s direction. CEO Dan Schulman seems increasingly disconnected from those concerns. Cutting costs can only go so far, Verizon needs a clear strategy to rebuild confidence, grow again, and prove its best days aren’t behind it.

Look, we know you're monitoring this website. Shoot, it wouldn't be at all surprising if one of your VPs spent half the day refreshing this... or if you paid someone a Store Director's salary to do the same.

So, seriously, just between us: what's your plan?

We all have families, obligations... pets. We're doing our best to support our campuses, support our teams and continue our lives while you keep doing your best to make those things impossible.

So, again...what's your plan?

Asking for a friend.

The board doesn't follow this message board.

Any other groups asked to come in and work the holiday? This company can get bent. maybe stop laying people off and forcing people to quit and you won't be behind.

For UM/PA staff, the IRR testing starts August (?), what happens if someones signs up for VSP but didnt pass? I personally never failed an IRR so dont come for me and leave nasty comments. Just genuinely curious if it holds any weight for people who’s if VSP was approved and about to leave the company anyway. Thoughts?

Just wanting to get your perspectives on this. I still can’t decide!!

Finally gone. Stock should go up

🤦‍♂️

I worked for Dell for 20 years and I was told that I can't recieve references from management or co workers. Nor can active Dell employees contact me post layoff. Has this happened to others?

They're spending money on real estate

Well, that's disappointing. Sincerely. Who pushed out next?

This is what Medtronic has become... layoffs, VERPs and no discussion about the patient.

So sad.

I had $98,000. Company spun off. Now I have 48,000.

It shows I have nothing in Honeywell technologies. I only have money in Honeywell aerospace.

This is what did. You get one share of Honeywell aerospace for every two shares of Honeywell technology. Which gets this new total. However, I’m supposed to have the rest of the money in Honeywell technology. They don’t have a right to steal $50,000. This is a rough estimate.

but instead of talking about the usual "diversity" bullsh-t, when will this company find a way to gain usage? Mainly any store allows google pay as a payment option, what about this company? Paypal is around way more years, why being stuck only in the ecommerce realm? I know they are trying their best to make it as shittier day by day but still...

HT crew what are your thoughts on day 1? Did you attend a launch “party”? I wish every townhall was like this? Oh wait. We have no money. Aerospace took it all.

I don't mean it'll go under any time soon, but there have been so many wrong moves in the past decade or so that I don't see a way to come out on top once again, no matter what's done. I just think Verizon has seen its best days and it'll always be downhill from now on.

Do you work for Sabre? If the answer is yes, you're not safe. That's it. It's that simple. Bonus points if you make more than your coworkers.

This is NEVER a good sign for a company that is doing as poorly as T. Look at the history of what happens after a CFO leaves a burning building. Getting bounced right now so you can quickly liquidate you pension would be a blessing.

Hey everyone. I posted here kinda ominously last week and I was kinda freaked out. But I've kinda just accepted that whatever happens happens. Has anyone heard anything concrete new?

How much does the current Verizon's C-Suite understand and know?

In Twinsburg Ohio last week a Uniti Boring Crew struck a gas line they later claimed was incorrectly located by a 3rd party locating company. So far nobody believes them...

As the great Status Quo once sang, "Down, Down, Deeper and Down"

Are we expecting movement this week ? When can we expect notifications