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https://www.desmoinesregister.com/story/money/business/2025/12/12/wells-fargo-layoffs-west-des-moines-jordan-creek/87733975007/
They don't care about performance. It's you get eaten no matter what situation.
Know two people with multiple write ups with written documention in insights who are still on here, their teammates on the other hand got laid off..
Beloved company is long gone. If you notice, they took away soda again.
Exactly what @a3+1kc55g9pz said.
it is very much a fiserv pattern over the years to cycle in leaders for a couple of years. they create havoc, fire loyal employees and then they are gone. you get some stability and then the next one shows up. this more than anything destroyed fiserv
https://wgme.com/news/local/charter-communications-lays-off-176-maine-employees-spectrum-call-center-unemployment
Wells Fargo will lay off an additional 25 employees from its Jordan Creek campus. These latest reductions are effective February 6, 2026. This brings Wells Fargo's announced layoffs in the Des Moines metro to 152 since September, and 1,393 since April 2022. The company stated the changes reflect a push for efficiency and alignment with market conditions. CEO Charlie Scharf also indicated that artificial intelligence is expected to impact future workforce adjustments.
Date Filed Location Employees Affected Effective Date
11/10/2025 Jacksonville, FL 112 January 15, 2026
11/18/2025 Atlanta, GA 265 January 20, 2026
11/25/2025 Charlotte, NC 178 January 30, 2026
12/2/2025 Newark, NJ 94 February 5, 2026
12/5/2025 Richmond, VA 76 February 10, 2026
Netflix and the Hollywood End Game
Monday, December 8, 2025
Warner Bros. started with distribution. Just after the turn of the twentieth century, Harry, Albert, Sam, and Jack Warner bought a second hand projector and began showing short films in mining towns across Ohio and Pennsylvania. In 1907 they purchased their first permanent theater in New Castle, Pennsylvania. Around the same time, they began distributing films to other theaters, and by 1908 they were producing their own movies in California. In 1923 the brothers formally incorporated as Warner Bros. Pictures, Inc., becoming one of the five major Hollywood studios.
What the brothers realized early on was that distribution was not a particularly good business. You had to maintain the theater, source films to show, and your profit was capped by seating capacity, which you had to work constantly to fill. Every empty seat represented revenue lost forever. Producing films, on the other hand, was far more lucrative. A movie could be made once and monetized repeatedly.
In this sense, Hollywood was the tech industry before there was a tech industry. Studios invested heavily upfront in assets that could be leveraged again and again. While Warner Bros. and its peers did at times own large theater chains as part of vertically integrated businesses, the 1948 Paramount decrees forced a breakup. The theaters were spun out because content creation was simply the better business.
That business improved over time. Television created expansive new licensing opportunities for films and later TV shows. Homes had more televisions than cities had theaters, and access was constant. Home video added another window, allowing movies to generate revenue through rentals and sales. The largest windfall came from the cable bundle, where roughly 90 percent of households paid increasing monthly fees for access to vast amounts of content they mostly did not watch. Hollywood revenue became a de facto annuity.
Internet Distribution and Aggregation
Netflix, founded in 1997, also began with distribution, specifically DVDs by mail. Its streaming service launched in 2007, exactly 100 years after the Warner brothers bought their first theater. The differences were fundamental. Internet distribution meant Netflix was available everywhere, with no physical infrastructure to maintain. Every additional customer carried near zero marginal cost, and the potential market was theoretically the entire world.
Over time, Netflix, like Warner Bros. before it, backward integrated into content production. Unlike traditional studios, however, Netflix’s content production has always existed solely to serve its distribution. Netflix understood something Hollywood was slow to grasp. On the Internet, distribution is even more scalable than content.
This is not immediately obvious. Content is scarce and exclusive, while Internet access is universal. Yet universal access creates an abundance of content far beyond what anyone can consume. This shifts power to Aggregators that organize content on behalf of users, delivering a satisfying experience. Consumers flock to the Aggregator, suppliers follow, content increases, and the cycle reinforces itself. Over time, the largest Aggregators gain overwhelming advantages in customer acquisition and churn reduction. That is the true source of their economic power.
Hollywood studios learned this lesson painfully over the past decade. As Netflix grew and commanded a superior stock multiple despite producing what many considered inferior content, studios believed they could win by leveraging their content libraries. Content was king in a world constrained by physical distribution. On the Internet, customer acquisition and retention in a world of infinite alternatives matter more. That was Netflix’s advantage, and it has only grown.
## Netflix Buys Warner Bros.
On Friday, Netflix announced it would acquire Warner Bros. for $72 billion. The deal follows Warner Bros. Discovery’s plan to split its studios and HBO Max from its cable networks. The transaction values Warner Discovery shares at $27.75, with an enterprise value of approximately $82.7 billion.
Paramount had submitted a $30 per share all cash bid for the entire Warner Bros. Discovery business, including cable networks. Netflix, by contrast, is acquiring only the Warner Bros. studio assets. Reports suggest the remaining business is being valued at roughly $5 per share, implying Netflix effectively outbid Paramount.
It is also worth noting the asymmetry in resources. Paramount’s bid would not have been supported by its operating business, which is valued around $14 billion, but by the personal wealth of David Ellison’s family. Netflix, meanwhile, is valued at approximately $425 billion and generated $9 billion in cash flow over the past year. This was not a fair fight.
This outcome aligns with a scenario outlined in 2016, where Netflix was positioned not as another cable channel, but as a dominant Aggregator with power over suppliers. Netflix’s superior viewing experience drove user acquisition. Its user base attracted suppliers, which improved its offerings, which attracted more users. In the most optimistic outcome, Netflix would become the only TV service consumers need.
One obvious path would have been Netflix becoming the primary buyer for Hollywood suppliers, as seen in its relationship with Sony. However, several developments may have pushed Netflix toward outright ownership.
In 2019, Netflix launched Formula 1: Drive to Survive. The show dramatically increased the value of Formula 1 media rights, yet Netflix captured none of that upside. In 2023, NBCUniversal licensed Suits to Netflix, turning a dormant library show into a streaming phenomenon and revealing Netflix’s ability to dramatically increase IP value. In 2025, KPop Demon Hunters became a global hit, largely enabled by Netflix’s algorithmic distribution.
Great content still needs distribution and effortless access to prove its worth. KPop Demon Hunters succeeded on merit, but only because those merits were accessible on the world’s largest streaming service.
Netflix executives appear to have concluded that licensing leaves money on the table. If Netflix can uniquely increase IP value, owning that IP becomes the logical step. Forcing consolidation in Hollywood and removing a rival streamer in the process only strengthens the case, despite the risks and high price.
## Netflix’s Market and Threat
The removal of a rival streamer raises regulatory scrutiny. Media mergers receive intense oversight, and this deal will be no exception. President Trump publicly noted concerns about market share, signaling a lengthy Justice Department review.
This deal differs from past cases. It is partly vertical, with a distributor acquiring a supplier, which is typically approved. However, Netflix is likely to make Warner Bros. content exclusive over time, sacrificing short term licensing revenue for long term pricing power.
It is also partly horizontal, as Netflix is effectively acquiring and shutting down a competing streaming service. Horizontal mergers receive greater scrutiny because they reduce competition. Netflix may argue that HBO Max customers largely overlap with Netflix subscribers, and that consumers benefit by paying for fewer services in the short term.
Ultimately, the case hinges on market definition. If defined narrowly as subscription streaming, Netflix faces challenges. If defined as TV viewing broadly, including linear TV and YouTube, Netflix’s share is far smaller, and its primary threat becomes clear.
That threat is YouTube. YouTube dominates consumer time spent, including on TVs, and does so with content acquired for free. It will always have more new content than any professional studio.
Professionally produced content’s advantage lies in longevity and rewatchability. Libraries matter. Netflix’s ability to make library content more valuable explains why it may be initiating Hollywood’s end game now. The true threat to Hollywood is not just free distribution, but the fact that anyone can now create content, and that reality is already winning in the market.
They pushed all debt to 2029 push br all while paying themselves millions.They will start firing employees once investors start getting pissy but won't lower there salary. What happens when you hire a hillbilly CEO who sounds low IQ.
Confirmed for Digital come January. They've stripped this organization down to nothing, and are so incompetent they can't put any meaningful roadmap or plans into place. This place is truly disgusting and leadership are cowards.
With jobs moving to Mexico and India at lightning speed, I'm sure companies like PepsiCo have a solid plan to ensure US consumers can still afford their products. I mean, who needs a thriving middle class, right? Guess we'll just have to rely on robots and AI to buy all the stuff. Every year there is more hiring and pushing of jobs to Hydarabad. I heard from a colleague that in the S&T townhall, the VP Strat was gloating on how finance function moved all roles to Hydarabad (tongue in cheek laying off US workers).
Seriously though, how do they plan to sustain growth without a strong US customer base and more importantly money in their pockets? Do companies like PepsiCo have a Plan B to deal with the impending doom of a cash-strapped US consumer? Do they just assume people will magically keep buying their stuff despite having no income?
Apple Inc., long the model of stability in Silicon Valley, is suddenly undergoing its biggest personnel shake-up in decades, with senior executives and key engineers both hitting the exits… And more changes are likely coming.
Johny Srouji — senior vice president of hardware technologies and one of Apple’s most respected executives — recently told Cook that he is seriously considering leaving in the near future.
https://www.bloomberg.com/news/articles/2025-12-06/apple-rocked-by-executive-departures-with-johny-srouji-at-risk-of-leaving-next
Another week of high profile corporate exits. Head of channel (VP) out after just 5-6 months in the job. 5th channel leader in 18 months. Replaced by 2 senior directors.
Marketing leader leaving Dec 31.
It seems that this reorg was mainly corporate. Very little in the field (sorry to those impacted). It went from building consolidation, massive layoffs etc to very few. If this is the end FOR NOW they should announce that.
Brandt is once again asking for toys for tots meanwhile we’re all struggling with penny's for raises. Also new people in the same division are being given bonuses when veterans of this place are not? Something’s gotta change. Management has taken a downward turn in the last 10 years. We have greedy clowns running this place. No longer a good place to work. More responsibilities and no compensation. This is bull sh……
Stagflation -
High Inflation - Low Growth.
Is the greatest threat to the U.S. economy (by far).
The Fed lowering Interest rates in the Trump tariff environment will (not) help the labor market (at all).
The Fed should have at least held Interest rates steady this month.
Layoffs continue to Increase, and will ramp up (even more) during 2026 with the (Very strong possibility) of a Major recession; enroute.
Stagflation -
High Inflation - Low Growth.
Is the greatest threat to the U.S. economy (by far).
The Fed lowering Interest rates in the Trump tariff environment will (not) help the labor market (at all).
The Fed should have at least held Interest rates steady this month.
Layoffs continue to Increase, and will ramp up (even more) during 2026 with the (Very strong possibility) of a Major recession; enroute.
http://techrights.org/n/2025/12/12/IBM_Layoffs_in_Europe_as_Well.shtml
When I started here, most of my mentors told me this was a great place—pensions, growth potential, the works. Now, everyone who's still left is straight-up telling me to GTFO. The plan seems to be constant reductions. What used to happen every few years is now hitting 2-3 times every 12-18 months."
Oof, that sounds like a classic case of the ship slowly sinking while the band plays on. If the veterans are all yelling "run," it's probably time to listen. Update that resume quietly!
Be honest , how much say did you all have in the recent RIFs? Or did we really get selected by a program based on years worked and salary ? I say the managers had a say because my manager fired 3 black people. What are the odds ??
For the fourth straight month, California is losing jobs, mostly because tech companies keep cutting staff. No individual companies were listed, but the tech industry overall is taking a hit, affecting the state’s broader employment landscape.
Watch the link below titled "Why Companies Are LYING About Mass Layoffs":
https://www.youtube.com/watch?v=VEA7vQKJ8aQ
From her start in 2016 to mid 2025, Oxy’s value dropped from around ~$54 billion to around ~$40 billion.
I was not rif'd but I am disgusted by the holiday activities that are being shoved down our throats. Most laid off employees are not gone yet and leaders are trying to shove "fun" events down our throats. Meanwhile, we are all so overloaded with work, that the idea of participating in a fun event just feels like another task that is being piled onto us. Now on top of all the extra work, you want me to cook for my coworkers too?
Integrated DNA Technologies (IDT) is laying off employees across Iowa, officials confirmed Thursday. The company says 4.7% of its Iowa workforce is affected, though it didn’t share exact numbers. IDT is headquartered in Coralville, and the timing of the layoffs is still unclear.
https://www.kcrg.com/2025/12/11/integrated-dna-technologies-lay-off-workers-across-iowa/
Pfizer is implementing significant layoffs in Switzerland as part of its global cost-cutting initiative. The pharmaceutical giant plans to reduce its Swiss workforce from approximately 300 to 70 staffers by the end of the year. This consolidation will result in about 230 job cuts, affecting 100s of employees. The company stated the moves are to streamline and realign resources, reduce complexity, and optimize work. These actions align with Pfizer's broader goal of realigning R&D, reducing administrative expenses, and optimizing manufacturing operations.
Dr-g developer Rezolute is considering potential layoffs. This decision follows the recent failure of a late-stage clinical trial. The article does not specify the number of employees targeted for these reductions. No details are provided regarding the specific departments or roles that will be affected. The company's strategic evaluation of its workforce is a direct result of the clinical trial's unsuccessful outcome.
The Long Beach Unified School District (LBUSD) is proposing layoffs impacting hundreds of its employees. Proposed cuts target teachers, school employees, librarians, media assistants, and various central office and site-level support roles. These actions are a response to an estimated $100 million budget deficit and a need to reduce expenses. The deficit is attributed to a 20% decline in student enrollment, reduced state and federal funding, and increased operating costs. Teachers and union members are actively protesting these potential layoffs, urging the district to consider alternative cuts.
https://sigtrib.com/no-layoffs-teachers-school-employees-unite-against-lbusd-budget-cuts/
Folks, We all knew it was a farce from the beginning. 95% of those selected to join LCS were known to be unproductive, unoriginal yes men backstabbers.
It is time the leadership say that all from top (ex-VP to lowly minds from rando tech people with fake strategic titles) who have been an energetic part of theLow Carbon Solutions fraud be laid off.
They're looking to downsize 19 full time employees serving healthcare workers. It's bad out here in Canada rn.
Section: Notes to condensed fin. stmt. Restructuring
Oracle has spent $826M so far ending Nov 30
Oracle has allocated $1.6B in restructuring.
So additional amount $774M is going to be spent in next 3-6 m for sure.
Expected count is around 13000-15000 job cuts based on the above money.
I’m hearing some talk on Distribution might be laying off next year. Which is now only a few weeks away. Anyone hearing this too or something similar?
Heard there was layoffs at Hertz LAX and some field support specialists. Any where layoffs are happening?
The 13k that were laid off is just the beginning. There will be more layoffs coming in 2026 which will include a lot of bottom line employees. This is why it is important for front line reps to unionized. Don’t let HR and higher management try buying your silence with free lunch and scare you with them constantly showing up to your store. The company is also going to be very strict when it comes to reps, managers and higher leadership selling with integrity. The company is focusing on customer satisfaction which means they will start firing people if they conduct themselves in gray area practices.
Until February...
Baltimore Gas & Electric (BGE) confirmed on Wednesday that layoffs will be coming to its workforce.
A BGE spokesperson said that the company decided to "strategically scale back or pause certain workstreams, which will lead to a reduction in work."
https://foxbaltimore.com/news/local/bge-layoffs-workforce-maryland
Word on the street is that CVS Caremark is laying off staff including management due to "restructuring." Offering rehire in other positions at lower lay lol Fu-k this company
If it’s true that we’re heading into a phase of rolling layoffs lasting through the end of February, then the chances of losing a job go up significantly. The earlier you double down on your search, the better your odds of landing at least one offer. The pickings have been very slim out there, and it’s only getting worse.
God knows how many jobs will be wiped out by the coming major reorg. This holiday season will be miserable for everyone, both those already laid off, and the rest of us stuck in a limbo. The economy is terrible, inflation keeps eating away at everything, and most of us can barely cover basic living costs. Who can survive being out of a job for longer than a month or two?
https://www.wbal.com/bge-announces-employee-layoffs-ahead-of-holidays