#business

https://x.com/TheLayoff/status/1991549322509566279

numero uno, today, again.

probably the biggest business news of the day.

it's a sad throne that we occupy right now

Recently hired in a new store. I overheard the GM talking to suits that were here. Basically saying end of year is looking neat and some large clients would be coming back next year.

• Verizon lost 7,000 postpaid phone subscribers last quarter
• Added only 44,000 prepaid customers while AT&T added 400,000 and T-Mobile added 1 million
• Stock has stagnated - up just 8% over 3 years while S&P 500 rose nearly 70%

AI Fleet said the layoffs were triggered by an 'unforeseeable' business disruption that left it unable to give the 60 days’ notice typically required under federal law.

https://www.statesman.com/business/article/ai-fleet-trucking-layoffs-austin-technology-21184715.php

It appears many people are calling attention to Broadcom’s history and its catastrophic business model, which they say relies on monopolistic tactics and has led to multiple lawsuits. Critics also highlight the destruction of American job. Thousands lost in less than five years.

https://cloudinfra.blog/the-broadcom-vmware-saga-acquisition-turbulence-talent-drain-and-the-rise-of-alternatives-in-2025/

https://www.nytimes.com/2025/11/13/business/luxury-electric-vehicles.html

EVs are not for America, maybe by 2030.

It's the best decision for all of these companies to stop producing EV trucks that people don't want, can't afford, and not efficient. I will buy EV if it can give me over 650 miles range.

Are we riffing 15000 employees to pay for Frontier? Does the deal make financial sense with Verizon’s debt burden?

This round is employees. Next round The Company is literally eliminating groups. Any business that's been struggling to make money is gone. They make no money in advertising because yahoo was a failure, they make no money in fleet, no money in video they failed at TV and the streaming business, no money in international business, no money in cyber security, no money in government contracts

Dan is focused on being a wireless phone company with hopes of AI bringing new ideas to the table. The old ideas are going to be eliminated

OpenAI has been making it rain infrastructure deals. The AI startup just dropped another $38 billion on Amazon Web Services, adding to agreements with Oracle, Microsoft, AMD, and a plethora of other deals that total over $1 trillion this year so far. But there's one company conspicuously missing from the invite list to this very expensive party. Intel, the former belle of the Silicon Valley ball, is now watching everyone else dance.

So when OpenAI came knocking in 2017, hat in hand, asking Intel to invest in their fledgling AI startup, Intel said no thanks. Why would the king of computing need to bet on some nonprofit's sci-fi dreams?

Now, Intel is the one begging for a seat at the table while OpenAI doesn't seem to be interested.

"Why go back to a firm that has an inferior product and also snubbed you?" said Tim Derdenger, an associate professor at Carnegie Mellon's Tepper School of Business.

https://semiwiki.com/forum/threads/openai-wont-buy-intels-ai-chips-says-associate-professor.24015/

Hi has anyone received a 1-1 invite with their line manager saying ‘Business update’? This is specifically in UKI applications business under GA.

This is 100%. The layoff is not because AI is magically changing things, or because clients need less work. The nature of work is changing, projects are smaller and more focused. But, behind all of this is the need for free cashflow which can be achieved through higher sales (not going to happen) or cut in expenses (it's happening right now). She needs cash to finance AI infrastructure build out, and the only way to find the $$$ is to cut people. She has no other options (ok, she can go in debt, but that's always bad). So, she's repeating the same thing that AWS (30K cuts), MSFT (25K cuts), META (20K Cuts) and others are doing.

I wish all of us good luck.

Anyone has info on what's being planned? Any layoffs soon?

https://www.reuters.com/business/finance/wells-fargo-ceo-says-bank-not-under-pressure-make-acquisitions-2025-11-05/

Agentic AI has a 98-99.5% failure rate.

But business leaders are still pretending (lying) AI is taking peoples jobs.

https://arxiv.org/html/2510.26787v1

The best-performing current AI agents achieve an automation rate of 2.5%, failing to complete most projects at a level that would be accepted as commissioned work in a realistic freelancing environment. This demonstrates that despite rapid progress on knowledge and reasoning benchmarks, contemporary AI systems are far from capable of autonomously performing the diverse demands of remote labor.

From a former Target executive

https://www.forbes.com/sites/christopherwalton/2025/11/03/target-is-acting-like-a-company-preparing-for-acquisition/

should we not expect could cost to come down drastically, thank to AI - Why it is goin up instead- profiteering ?

Hearing a lot of rumors and basically no department is safe, no position is safe. November 20 is the date I’m seeing and hearing, But I am hearing more than anything that SMB is really on the chopping block. What do we think is going to happen to SMB and B2B? Restructure or just completely cut the channels out and have store reps and managers take care of business?

https://www.cbsnews.com/news/kenvue-kimberly-clark-acquisition-tylenol/

Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, NVIDIA began as a graphics processing company focused on improving video game visuals. Its breakthrough came in 1999 with the launch of the GeForce 256, the world’s first GPU, revolutionizing computer graphics and parallel computing. Over the next two decades, NVIDIA expanded beyond gaming into high-performance computing, data centers, and artificial intelligence. Its CUDA platform, introduced in 2006, enabled GPUs to accelerate AI and scientific workloads, cementing NVIDIA’s role at the heart of the AI revolution. Today, NVIDIA is a global leader in GPUs, AI chips, and data center solutions, shaping industries from gaming to autonomous vehicles and generative AI.

We’re back.

AIG, Onex partner to buy specialty insurer Convex in $7 billion deal

Oct 30 (Reuters) - Canadian asset manager Onex (ONEX.TO), opens said on Thursday it has teamed up with U.S.-based insurer AIG (AIG.N),to buy privately held specialty insurer Convex Group in a $7 billion deal.

https://www.macrotrends.net/stocks/charts/IBM/ibm/goodwill-intangible-assets-total

Many people are expected to make lots of money on the IPO shares sale, including Pulte’s friends. Some of them are now getting the contracts and Fannie and Freddie are paying for the contracts.

What is the plan for indirect? VZ could do like AT&T and T-Mobile and just chop the position completely.

Another day, another acquisition

https://www.reuters.com/legal/transactional/germanys-sap-mulls-new-bid-software-firm-blackline-sources-say-2025-10-27/

Does 5/3 have these roles? How much do they pay?

You can’t raise fees forever, and you can’t keep cutting people indefinitely. At some point you either build a sound business, or everything eventually falls apart.

When are the next business control layoffs ? They were hit hard a few months ago but haven’t heard anything since

Japanese advertising agency Dentsu Group Inc. is considering selling its overseas operations, the Financial Times reported Thursday.

If the company sells all of its overseas assets, it could raise several billion dollars, but the move would mark its withdrawal from international business.
https://www.nippon.com/en/news/yjj2025082800990/

#BUSINESS NEWS SEPTEMBER 14, 2017 / 10:29 AM

(Reuters) - Verizon Communications Inc (VZ.N) said on Thursday that it has moved on from plans to acquire cable companies and instead will focus on building out its own fiber infrastructure.

Speculation over a tie-up with Charter Communications Inc (CHTR.O) was building up after Chief Executive Lowell McAdam told Wall Street analysts last year that such a deal would make “industrial sense”.

McAdam said on Thursday at the Goldman Sachs Communacopia Conference that Verizon is more interested in building up its fiber infrastructure.

“We did, I guess, about a year ago, go through a process of taking a look at cable companies. But the fiber infrastructure isn’t there,” McAdam said.

In April, Verizon agreed to buy optical fiber from Corning Inc (GLW.N) for at least $1.05 billion over the next three years to improve its network infrastructure.

McAdam said at the conference on Thursday the company would be acquiring content for its Oath business and a content deal is expected by the end of September.

Verizon bought Yahoo’s core business for $4.48 billion in 2016. It then combined Yahoo with AOL to form a venture called Oath.

McAdam said the company expects cost savings of $10 billion over four years from operating expenses and capital expenses, which would fund their dividends in 2022.

Shares of the company were marginally down at $47.06 in morning trading.

https://www.reuters.com/article/us-verizon-strategy/verizon-has-moved-on-from-plans-to-acquire-cable-companies-ceo-idUSKCN1BP21H

Cuts all over the place, Costa Rica will be hit the hardest (few thousands)