#news

what is the latest and greatest ?

Just curious.

The news comes in an especially delicate context for tech employment. In just five months of 2026, companies in the sector have accumulated nearly 140,000 layoffs worldwide.

https://www.escudodigital.com/en/technology/artificial-intelligence/google-announces-ffresh-layoffs-deepening-tech-industry-turmoil.html

Stink is a genius, RTO is working!!!

A couple of places says the 401k lawsuit will be this Friday, June 12. A couple of places say no set date has been established.

Anyone know anything more official-like?

Stop stealing other company chip patents !
Stop the layoffs immediately !

https://allaboutlawyer.com/vlsi-intel-3-billion-patent-lawsuit-appeals-court-2026/

Anything yet?

https://hrexecutive.com/why-uber-is-cutting-nearly-1-4-of-its-hr-team/

Excessive DNS traffic overwhelming infrastructure limits

USAA just return 1 billion to its policyholders in Florida. Does State Farm have the ba--s to do the same in more states?

https://www.theinformation.com/articles/google-nvidia-consider-intel-backup-chip-manufacturer

Hearing strong chatter about WB buying naps in west haven.

This new interview by Dan is the nuke. Feels like everything everyone will be impacted by the news from Dan. He is literally telling us major cuts in high volume will be the norm. Expect layoffs in perpetuity. Everyone in CS is vulnerable. No such thing as safe roles. This will create a lot of chatter in the company expect aggressive moves coming from the top

I’m convinced “nunchucks” has no idea what he’s talking about.

https://finance.yahoo.com/sectors/technology/articles/verizon-ceo-sends-shocking-message-163300683.html

"'Misunderstood'", eh?

https://stocktwits.com/news-articles/markets/equity/ibm-stock-hits-52-week-high-citi-raises-price-target-to-375-on-quantum-push/cZ00XlqReDj

Here's the link to a very detailed article from the UK Daily Mail regarding the current state of affairs:-

www.dailymail.com/news/article-15878351/amp/GUY-ADAMS-BP-death-British-oil-giant-war-fossil-fuels.html

Though not for good reasons. I guess this is as close to relevance as they can get these days though.

https://www.reddit.com/r/technology/comments/1ty2vto/ceo_says_there_will_be_no_raises_because_he_spent/

Heard that SCM was gutted this week. Anyone have details?

ESPN expects another round of layoffs. This follows its recent acquisition of NFL Network. The NFL gained a 10-percent interest in ESPN in the deal. The NFL Network purchase is a major factor in these upcoming job cuts. Both off-air and on-air employees are expected to be affected.

https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/report-nfl-network-acquisition-will-spark-more-espn-layoffs

https://www.freep.com/story/news/politics/2026/06/04/trump-says-ford-gm-want-bill-to-restrict-owners-from-fixing-their-own-vehicles/90410359007/?tbref=hp

"pump and dump"

https://www.msn.com/en-us/money/companies/verizon-vz-stock-trades-down-here-is-why/ar-AA24RnGp Bottom line Verizon sold customer location data and was fined $47 Million. Wonder how many employees Dan will lay off to cover this bone head move?

so surprised that no one mentions next week on this forum

Ford just reported sales and it's down big time, even with Ford employees discount for all. People are finally realizing that Ford vehicles are junk. Other automotive companies sales are up. GM and Stellantis did not report.

https://www.justice.gov/usao-sdny/pr/serial-hacker-intelbroker-charged-causing-25-million-damages-victims

Report cybercrime financial fraud

The head of the Writers Guild of America East union blasted Paramount-owned CBS News for recent “cruel and needless layoffs,” its firing of “60 Minutes” correspondent Scott Pelley and the shutdown of CBS News Radio.

https://variety.com/2026/tv/news/wga-slams-scott-pelley-firing-cbs-news-cruel-needless-layoffs-1236766676/

Any news on the June 18th announcement? Does anyone have any more info on how big the layoffs are or how long they expect people to stick around and "transition"?

Completely off the layoff topic, sort of, but, does anyone know whe the exi results will be in?

Bilton&Weiss have just sealed their fate ! They have indeed dismantled an American Insitution. Ratings will drop further. Ad dollars even more. Look what happened when clowns like these came in over the past few years at NBC, CNN, and ABC. Their take a bat to the system failed and now CBS is under the same repeat errors. Good riddence to Weiss&Bilton.

Signed,

Good Night & Good Luck.
The Ghost of ERM.

https://seekingalpha.com/news/4600557-ibm-google-team-up-to-provide-agentic-ai-solutions-to-enterprises

It certainly looks like IBM is exiting “enterprise cloud solutions”

https://www.reuters.com/world/china/foxconn-announces-strategic-collaboration-with-intel-next-gen-ai-infrastructure-2026-06-04/

It’s true because he said it!

https://fortune.com/2026/06/03/cisco-ceo-chuck-robbins-fastest-messenger-on-team-hires-people-same-urgency-desire-to-move/

Tata Consultancy CEO brought in 6,500 L-1A “managers” to America from India.

Bloomberg says: many weren’t managers at all, just cheaper labor with fake titles used to bypass H-1B rules and fees.

https://www.bloomberg.com/news/features/2025-02-17/india-s-tcs-misclassified-managers-to-skirt-h-1b-rules-former-staffers-say

The Minnesota Star Tribune announced workforce reductions. The company will cut 65 jobs, affecting 15% of staff. This addresses ongoing news industry business model challenges. CEO Steve Grove signaled a potential ownership change. The organization plans to transition to a foundation structure.

Minneapolis, Minnesota

https://www.startribune.com/minnesota-star-tribune-cuts-jobs-and-pursues-nonprofit-ownership-structure/601852356

wow .. this is pretty insane!

https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3571666

https://www.travelandtourworld.com/news/article/wl5hu04k6ut6/

https://www.telecomtv.com/content/5g/abdu-mudesir-to-become-verizon-s-top-tech-exec-55594

https://www.cnbc.com/2026/06/03/att-downgraded-ahead-of-spacex-ipo-on-coming-broadband-competition-from-starlink.html

It’s over y’all!