#company

https://telecom.economictimes.indiatimes.com/news/industry/verizon-to-restructure-sell-274-stores-and-lay-off-500-employees/132450686?utm_source=most_read&utm_medium=newsDetail

I was off my buddy try to say his manager mentioned that a EISP was being announced.Anyone hear any real info that was new

Biotechnology firm Amgen has recently implemented workforce reductions, impacting approximately 40 employees. These organizational changes are intended to better align operations with the company's strategic goals. The affected staff represent a small fraction of Amgen's global workforce. This move follows a period of challenges for the company, including regulatory scrutiny of its dr-g Tavneos and several pipeline setbacks. Amgen is actively working to address these issues and support its transitioning employees.

Thousand Oaks, California

https://www.fiercebiotech.com/biotech/amgen-sheds-around-40-staffers-struggles-pile-tavneos-pipeline

https://patch.com/massachusetts/boston/popular-outdoor-retailer-closes-major-massachusetts-store

IBM’s problem is not that the mainframe disappears tomorrow. It is that most new workloads are being built elsewhere.

AWS, Azure, Google Cloud and Linux are now the defaults for new applications, while IBM Z, AIX and IBM i increasingly depend on existing customers, transaction growth and hardware-refresh cycles.

AI is weakening the mainframe’s strongest defense: the difficulty of understanding decades of undocumented COBOL and business logic. Toyota’s use of Amazon Q to analyze legacy COBOL and support migration planning is a warning. AI does not need to replace the mainframe directly; it only needs to make leaving cheaper, faster and less risky.

IBM’s traditional software is also exposed. DataStage faces cloud-native ELT, zero-ETL, Redshift, S3 and Iceberg. Red Hat remains useful, but many customers can choose EKS, AKS or GKE instead of OpenShift—and Amazon Linux instead of RHEL.

IBM Cloud is not a credible fourth hyperscaler, and IBM is not investing in AI infrastructure at anything close to Amazon, Microsoft or Google. Its AI strategy increasingly depends on competitors owning the compute, models, distribution and economics.

Quantum offers no immediate rescue. IBM is a serious contender, not the undisputed leader, and commercial returns remain years away.

IBM has repeatedly acquired companies—Lotus, Informix, Rational and many others—without consistently creating lasting platform leadership. Continuing to buy software companies while distributing billions through dividends does not address the underlying problem.

IBM should make an honest choice: cut the dividend and reinvest aggressively, or break up and sell its valuable businesses while they still command premium value.

Harvesting legacy cash, buying another company and protecting the dividend is not a growth strategy. It is managed decline.

https://www.linkedin.com/posts/tmusglobalsolutions-hiring-hyderabad-share-7482982746491875329-1KLR/?utm_source=share&utm_medium=member_desktop&rcm=ACoAAABwg9kBNKoXx1MA_YRz-8dpQ-3lyMfu3Wo

un-effing believable

HCSC is now being managed by Manika and others with some ideology that they are bent on. It is not business. It is ideology. Maurice was an incrediblely smart business person back in the day, but he too has succumbed to this cr-p. Hcsc used to be the best of the Blues. No longer.

Seeing lots of longtime people suddenly leaving most VP’s. Did they get laid off and got to stay longer than the others? What’s making them retire all of a sudden?

For those who love to see all these complaints and pity that fly around this forum, this is your chance to make a change. Go to your proxy site and vote as you wish. If there are enough of you, you’ll have your way. If you are too lazy to even click on a button on your phone screen, then quit complaining.

With stock price getting down, there will be heavy push for AI driven automations every day pressuring employees to automate.

Note that once you automate your position is gone

Seriously, is Factset opening nee leadership positions for senior folks from Citi and JPMorgan? All these positions will cost 7 figures each, while we have constant layoffs.
BS’s email this morning had a byline for each of the new positions and it was nothing but fluff. Are we a just jobs program for old friends of BS and SV?

Of course, there will still be the Starlink stock pumpers on here who think we are all flat earthers.
Looks like someone coached Dan about how Starlink CANNOT take away from the terrestrial networks in a very substantial way. Physics!

Per Dan, in the article:
In terms of broadband competition from satellite providers, “it is very difficult for satellite providers to provide a service that's even close to what we can provide with our broadband services,” he said.
He walked through the basics of satellite beams and what they can offer by way of speeds versus ground-based systems.
“We’re like 100 times to 1,000 times more efficient,” he said. “Our speeds and capabilities are much higher, and it’s basically not possible because of physics. Not because of execution, but because of physics.”
The majority of Verizon’s service revenue is in urban and suburban geographies. He acknowledged that satellite does have a total addressable market (TAM) that’s probably between 6 million and 8 million homes in the U.S., primarily in very rural geographies where building out a terrestrial network is cost prohibitive.

“It doesn’t pencil out,” he said.

https://www.fierce-network.com/wireless/verizon-ceo-shuts-down-starlink-mvno-talk-touts-strong-q2-comeback

ORCL investors can't unload this POS fast enough, it closed for the week - barely above the 52 week low!!

Klaxon sirons should be going off for all investors and employees at this point. One thing is certain, however. The August layoff will be a bl**dbath!

If even then. I'm starting to get a bit optimistic that this whole thing could fall through in the end.

https://www.engadget.com/2222897/paramount-agrees-to-delay-warner-bros-merger-into-2027/

On top of everything else. What an absolute pile of junk this company is. I actually believe the mile long load of BS I was fed for years.

Was this filed under “doing what’s right” or “doing what’s easy?”

https://www.beckerspayer.com/legal/ex-centene-vice-president-accuses-company-of-age-discrimination/

Looking at opportunities, and this fits a lot of what I’ve done. Looking through pages like this, I’m not sure this is the right place to move to, any advice?

What happens if you don’t take it? Is it a laid off situation or voluntarily quit?

I’m hearing this is happening in some pockets of the organization.

The main install contract for Flock is being fulfilled by Dish and their contractors.

That's how low ergin will stoop. He'll foist a totalitarian police state on you if it means he gets to stay rich.

What does it feel like working for actual evil?

Any reductions compared to the last time?

Cutting jobs...

https://freeimage.host/i/COmajIt

Keep it classy, Leahy.

Sorry, not sorry.

As I read it, Q2 was strong. However, travel still restricted, rumblings about layoffs are still loud. What is going on?

How many times will I need to hear his sp-t?

As someone who wasn’t affected by this transformation, I find this little gathering cold and heartless.

The photo op from the smiling executive team is like pouring salt into an open wound.

Didn’t they admit morale was low? This event and subsequent post in the company feed does not help.

Zero emotional intelligence.

Did you know Arista is half the market cap of Cisco and only has 5100 employees compared to 86,000 employees at Cisco?

What happened at Polaris? Was it an employee attacking another employee or did some rando walk in off the street?

It looks like leadership announcements are starting to happen in the US downstream. More to come???

Will we get the email from VSP in our personal or company email address? I keep checking back and forth. They said we will be notified on or around 7/27 so I am hoping to get something today. Tired of these waiting games.

Question for HouseCalls APCs — how’s everyone’s schedule looking for August and September? Curious if others are noticing a pattern of unusually few visits scheduled starting mid-August onward.

Anyone else hearing rumblings of RTO five days a week?

If true, 3M is returning to the Stone Age and this is BB attempt at getting more people to quit. What a joke.

HPE is being reshaped into a leaner networking-and-AI company, and anything that doesn’t serve that thesis is now on the table.

Question 1 - Is there the option to defer severance to the next calendar year? Question 2 - Is remaining vacation paid with normal paycheck or with the severance?

This guy is so full of it. Now he’s saying he’s going to transform central offices to data centers he’s full of it and no one believes him. Stock will go back down next week

Foe this group, one thing for sure Dan will continue to do what is “wowking”. These messages is what he lives for, not you.

https://www.verizon.com/about/news/verizon-delivers-record-2q26-results

Dan and his evil cronies fired you to buy back $1b worth of shares. Just evil

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 was your assessment feedback? Share the most useless and inactionable feedback you received this year.

https://www.businessinsider.com/list-companies-replacing-human-employees-with-ai-layoffs-workforce-reductions

Bob is quoted as saying "I'll buy that for a dollar"!