#layoffs

stock sinking why CEO's nut heads still around? As a stock holder i want them to be fired for their lousy job.

The board extended the old man to December of 2028 Verizon is sc--wed

At&t loves a good slogan they can jam down everyone's throats as if that's going to change anything with how terrible the company actually is. Stinkeys "Marketbased Culture" is the latest. "Fast. Friendly. Fixed" is the other and both couldn't be further from reality. Anything to deviate from highlighting the fact that MOST anyone L3 and higher are overpaid, have nothing valuable to contribute and actively waste everyone else's time DAILY. THE ONLY REAL REASON anyone is still working here (and I will say for the majority of people) is the job market is also so trash right now, no one can risk being out of a job for an extended period of time especially if they have homes and families. That whole "just leave" argument is cute though.

What the He-l is going on at Arbroath? Management claim everything is dandy but machinist’s standing around with no work, zero material In the yard, it’s looking bleak. It certainly can’t continue or be covered over for much longer.

Commonwealth Financial's chief digital officer has left the company shortly after its acquisition by LPL Financial. This departure follows recent layoffs impacting Commonwealth's back-office staff. While not directly linked, these events are typical after a large-scale merger. The acquisition, valued at $2.7 billion, combined LPL's extensive network with Commonwealth's advisor base. Industry observers note that such shifts in leadership and workforce are common post-acquisition.

https://www.investmentnews.com/independent-broker-dealers/as-layoffs-commence-commonwealths-digital-guru-jumps-ship/267533

As per WSJ, revenue is down and profit falls

Positive that we added new subscribers. I think they are not very profitable subscribers.

https://www.wsj.com/business/earnings/verizon-revenue-ticks-down-profit-falls-on-joint-venture-costs-01726dbf

I'd avoid this company until the Paramount merger settles. I just got caught up in the layoffs along with several other coworkers. The future is uncertain and job security is low at the moment. I was in a tech position.

Several major healthcare systems have recently announced significant workforce reductions. Dignity Health is laying off 139 employees across two hospitals in California. Adventist Health is also cutting 132 roles as it centralizes certain functions. These actions reflect ongoing financial pressures and strategic realignments within the healthcare industry. Many organizations cite rising costs and the need for operational efficiencies as reasons for these difficult decisions.

California

https://www.fiercehealthcare.com/finance/fierce-healthcare-layoff-tracker-2026-job-cuts-eliminations-health-systems-hospitals

If they cut heads and get another $5B in free cash flow? Personally, doesn’t mean you’re smart to just cut heads, anyone could do it. Where are the new products, the innovation, the “I wanna work there” moments? I still fail to understand how Board supports a one-trick pony.

We all know what IBM managers are planning with some people not needes anymore in projects... PIPs and layoffs.

In my department of 25, at least 10 are actively interviewing. The rest are too tired or too scared to start.

Younger hires are coming in, older ones are going out. And the exits don't look like performance issues. It's a shame how little this place cares about institutional knowledge.

There's no such thing as job security here anymore. Just the illusion of it until the next email.

Every town hall, they ask us to trust leadership's vision. But vision doesn't pay the bills when half your team gets laid off. We've watched promises get walked back, strategies flip quarterly, and executives cash out while we scramble. So no, I'm done trusting leadership. I think they let us down one time too many for that.

Three people left last month, two to competitors, one to retirement. Zero backfills. We've just accepted that this is our new normal.

I'm staring at a 401k that took a hit, no retirement in sight, and a skillset that feels outdated. The company I gave 18 years to is shedding people my age like dead weight. I'm terrified. I can't afford to start over at entry-level, but I can't compete with graduates who'll work for half my salary.

The newest notification added 20 more employees to the list of layoffs, bringing the total count to 301 after an initial paring of 49 in February, according to Iowa's Worker Adjustment and Retraining Notification site.

https://www.desmoinesregister.com/story/money/business/2026/07/23/wells-fargo-layoffs-west-des-moines-iowa-jobs-workforce/91022267007/

We're down 30 percent headcount and still expected to deliver the same output. With the VSP and probable subsequent involuntary layoffs, who knows how bad it'll get for those of us left behind. Can someone please tell leadership that people aren't infinite resources?

"Form 8-K is a mandatory current report filed by U.S. publicly traded companies with the Securities and Exchange Commission (SEC) to disclose significant, unscheduled corporate events. Companies generally have four business days from the occurrence of a material event to file this form, ensuring investors receive timely updates between annual (10-K) and quarterly (10-Q) reports. "

It was filed yesterday:
https://www.sec.gov/Archives/edgar/data/51143/000005114326000077/ibm-20260722.htm
https://www.ibm.com/investor/financial-reporting

Not sure if this means more bad news is coming or if this was them filing something about the 2Q Earnings that took 25% of the stock. Examples I was given of things that a 8-K is for is a C-suite quitting or being removed, bankruptcy, or the loss of a significant large contract.

This place is on life support and has been for a while, and management keeps unplugging the machines. I've watched entire departments vanish, and the work just gets dumped on whoever's left. The collapse won't be dramatic - it'll be a slow, painful death by attrition.

I asked our newest hire why she joined despite so much bad press surrounding Verizon and cuts. She said the recruiter was really persuasive and she needed a job fast. Not even a month in, she's already updating her LinkedIn. I'd like to laugh, but than again, I'm also stuck here so it's not that funny.

So many rounds of layoffs in just the last 12 months and zero strategic vision, nothing but cost-cutting bandaids. I've watched talented people walk and mediocre ones get promoted, absolutely no logic behind it. My job search started last week, and I'm not looking back.

Strong earnings streak, stock up, that probably means we should consider ourselves safe for now because Dell would never lay off employees amid great results, right? Right? (Yes, I'm being sarcastic, in case it's not painfully obvious.)

Happened earlier in July but apparently was largely overlooked and then quickly buried by AK's pre-emptive stock warning.

https://www.bloomberg.com/news/articles/2026-07-09/starbucks-taps-ai-to-reduce-reliance-on-microsoft-ibm-software

By Daniela Sirtori and Brody Ford |
July 9, 2026 at 5:15 AM CDT
Updated on July 9, 2026 at 8:31 AM CDT

• Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp.
• The coffee chain is building alternatives to a Microsoft system that tracks inventory and an IBM tool that manages maintenance, according to an internal presentation reviewed by Bloomberg News.
• Starbucks spends about $400 million a year on software alone, and building in-house software can be cheaper, an incentive for the company, which is looking to cut costs as part of a broader turnaround effort.

Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp.

The coffee chain is building alternatives to a Microsoft system that tracks inventory and an IBM tool that manages maintenance, according to an internal presentation reviewed by Bloomberg News. Some of the Starbucks-developed software could roll out by the end of next year, pending the results of testing.

For years, businesses were tethered to their technology vendors due to fear of business disruption and the complexity of building in-house tools. Now AI is shifting that calculus as it makes it easier to develop applications from scratch and as companies push workers to use the technology.

Leading software companies face mounting concerns about whether they’ll be able to fend off competition from products built by upstarts, or their own customers, using AI. This phenomenon has weighed on software stocks this year, with Microsoft and IBM both trailing the S&P 500.

Shares of both companies fell during trading on Thursday, with Microsoft down 2.4% and IBM sinking 5.2% at 9:30 a.m. in New York.

Starbucks spends about $400 million a year on software alone, Chief Technology Officer Anand Varadarajan told workers in an internal forum earlier this year. “There’s clear opportunities to reduce the spend in software,” Varadarajan said, according to a recording of the meeting reviewed by Bloomberg News.

In-house software can be cheaper, an incentive for companies such as Starbucks, which is looking to cut $2 billion in costs as part of a broader turnaround effort. Though in the long run, building can lead a company to pay higher maintenance and labor costs.

When it comes to technology, the company is reviewing “every contract and service,” according to the presentation. In some cases, that includes building products to replace software that its engineers have to heavily tailor anyway.

Starbucks has been working for several years on building a point-of-sale system that would take the place of Oracle Simphony, according to people familiar with the matter who weren’t authorized to speak publicly.

The coffee chain declined to comment. In a blog post earlier this year, the company said AI and other technology advancements will support its long-term growth and free up baristas to focus more on customer service.

Spokespeople for Microsoft, IBM, and Oracle didn’t provide comment.

AI-assisted coding was key to developing the platform that could replace the IBM tool, according to the internal presentation. Starbucks has been pushing tech workers to use artificial intelligence, even factoring usage into their bonuses, Bloomberg News has reported.

There’s skepticism about how much, or how quickly, AI can speed up and automate work. Starbucks recently pulled an AI-powered system to track inventory at stores, reverting to manual counting. It also continues to use software from third-party vendors, including from companies such as Microsoft.

The Starbucks enterprise technology team is on track to reduce its budget by about $30 million in the fiscal year ending in late September, according to the internal presentation. That includes cutting about $10 million in software spending.

Another $13 million will be saved mostly by cutting back on contractors from professional services firms and backfilling some roles with its own staff. Starbucks is setting up offices in Nashville and India that will house some tech workers, while others will remain at its Seattle headquarters. The company has cut about 2,300 jobs since February of last year, including many in tech.

When do we really need to fix the leadershit at this shitTel place to save employee layoffs ?

I am really tired and sick of this

head of growth and generosity leaving company, not being replaced. a bunch of people promoted from VP to SVP. in same email, layoffs announced. said this was done in the name of cost reduction yet with all the big title promotions, were there any real dollars saved? it's so tasteless to be rah rah let's celebrate promotions and then tell people they lost their jobs all in the same day.

I am confused about our layoff approach - after all, do we have Monthly, Quarterly or Annual layoffs?

Several colleagues hit with 'company wide' rifs yesterday and today. Tomorrow last day. Rifs are a fact at broadcom, even when it's not needed.

A significant chunk of the team is gone and seems like a common pattern is that they took a healthy amount of PTO in general. A colleague also barely took PTO but was recently forced by their manager to take leaves and maintain good balance and they did, and were laid off now. Almost all of them took a long time off summer.

Any similar pattern in your teams? Feeling worried and more hesitant to take PTO now after this. Was planning a visit to see family but thinking of cancelling it now.

More layoffs at VF and The North Face today.

Heard that teams are being limited on their AI spend due to extreme costs by some dev groups. Like $100 per month limit is what we were told, but don't know that for sure. Anybody else have more details on this shiz show?

Hahahahaha...AI is so great; let's get rid of people! Oh no, it costs too much; let's limit it but not hire anyone back! Eddie Jones should have just stuck with treating it's underpaid people nicely and letting everybody be happy the way things were before all this reimagined cr@p!

Sell your stocks and take some rests for a nice vacation. Let LBT do your works

The enterprise software company Monday.com is reducing its global workforce by approximately 20%. This significant layoff is attributed to a strategic shift towards an "AI-driven growth strategy" and a new AI Work Platform. The company aims to create a flatter organization with more autonomous teams to compete in this evolving market. While reducing staff, Monday.com also plans to continue hiring in key focus areas. The co-CEO emphasized that the decision was not for cost reduction or to replace employees with AI.

New York, New York

https://www.businessinsider.com/monday-com-layoffs-ai-growth-strategy-2026-7

I have to admit I’ve been feeling a little guilty about spending too much time day trading PSX and talking to recruiters for other companies. But then I heard about the ELT’s trip to Aspen and all the other cr-p that they pull. Nothing is too good for them.
Now I don’t feel guilty at all.

The technology sector is experiencing significant layoffs as companies adapt to advancements in artificial intelligence. Oracle, in particular, has made substantial workforce reductions, cutting 21,000 jobs over the past year. Many companies cite AI integration and a need for restructuring as primary drivers for these employment changes. California has launched a tool to track AI's impact on the workforce in response to these trends. The rate of layoffs in tech appears to be accelerating compared to the previous year.

https://tech.yahoo.com/general/article/tech-layoffs-tracker-2026-all-of-the-current-job-losses-across-mondaycom-oracle-meta-microsoft-samsung-and-others-144545528.html

IBM missed every major tech revolution from PCs to AI, shrinking to a $200 billion market cap while private OpenAI is valued at $900 billion.

IBM, which has been poorly run for decades, is on the ropes. The company has had plenty of practice managing decline. When it warned about its earnings a week ago, the stock dropped over 20%. It is down 30% for the year, while the S&P is up 9%. The picture is even bleaker from another vantage point: in early June, the stock changed hands at $329, but it trades at very slightly better than $200 now.

https://247wallst.com/investing/2026/07/23/ibm-is-the-worlds-worst-big-tech-company/

It really stings that it was immediately following the earnings call where all the top brass was smiling and sharing vacation plans