#merger

What are your predictions for the type of changes we will see in July 1st?

Lexmark officials confirmed a round of layoffs at the company. The company did not disclose the number of affected staff. Xerox purchased Lexmark in July 2025 and is integrating operations. The city of Lexington has not received a WARN notice. WARN notices are not required for layoffs involving fewer than 50 people.

https://www.kentucky.com/news/business/article314692817.html

Big town hall on the merger today. What is everyone thinking? I've already seen some people have left/been let go. Has anyone seen their org charts yet? Layoffs expected?

Palo Alto Networks completed its $25 billion merger. The deal combined two major cybersecurity firms. The merger with CyberArk closed on Wednesday. Layoffs are planned following the acquisition. CyberArk employed about 300 people in Massachusetts.

https://www.bizjournals.com/boston/news/2026/02/11/cyberark-closes-merger.html

You got your PEP+, you got your DNA, you got your Clover, bo-m, you got a payments company.

… is Xerox the saviour you thought it would be ?

Or a real ‘frying pan into the fire’ journey for you all ?

One interesting use case for AI is to analyze all merger of equal transactions, notably WPX and Coterra with Devon. ChatGPT seems to think there is a possible claim to be made that Devon employees should be entitled to change of control severance since WPX and Coterra employees were also entitled to COC. I’m not saying Devon employees who are severed should pursue legal action, but they should consider writing their legal documents differently.

Given how much Devon’s presence means to okc you’d think they’d treat their employees better. There’s also probably some TIF clawback provisions okc could go after if someone from the news wanted to run with this.

990s show were in over our head and a certain assistant said we’re in talks to “merge” which is actually a dissolution due to acquisition of assets. 4 colleges refused to “merge” so one big closer to Philadelphia allegedly is buying our land and assets.

It’s time for a merger with Oxychem. Too many obvious advantages. Economies of scale, synergies, and market expansion. The rumors have already started and it’s time to move forward in 2H 2026 with this move. Stronger together.

I was at Kroger today and saw two DSLs from different companies preparing for a grand opening. Hard to believe they weren’t the same person. HR must be close behind.

Lots of big swinging di-ks flying into NY next week for earnings. Seems like lots of people behind closed doors these days all over the place. Merger? Major Acquisition? Feels like something different.

Fifth Third Bancorp officially acquired Comerica Incorporated. The deal was valued at $10.9 billion. Layoffs are expected following the acquisition.

https://www.woodtv.com/news/michigan/fifth-third-officially-acquires-comerica-in-10-9b-deal/amp/

Phillips 66 continues to argue that midstream is a stabilizing complement to refining—a business that smooths volatility and anchors the portfolio. That framing sounds reasonable until you look at how differently these businesses actually behave.

Refining and midstream do not share the same economic logic. And forcing them to coexist inside a single company increasingly looks like a strategic mistake.

Refining is short-cycle, market-driven, and highly sensitive to commercial decisions. It rewards speed, focus, and deep market intuition. Midstream is long-cycle, contract-driven, capital-intensive, and exposed to recontracting risk and asset aging. It rewards patience, cost discipline, and steady reinvestment. These businesses pull management attention, capital, and risk tolerance in opposite directions.

That tension is now visible.

In the Permian, midstream assets require ongoing attention just to stay competitive—compression, power, integrity, and producer concessions are now part of the operating reality. In the Mid-Continent, aging infrastructure demands capital to maintain reliability and compliance, not to grow. These are slow-burn, infrastructure-heavy challenges that sit uneasily inside a company whose core identity and investor appeal are still driven by refining cycles.

Anchoring midstream to a refining core distorts both.

Refining leadership is forced to coexist with a business that consumes capital steadily but delivers returns slowly. Midstream leadership is tethered to a parent whose valuation, volatility, and investor base are dominated by refining swings. The result is a portfolio where neither business is owned by the right shareholders.

This raises a more fundamental question: who should own these assets?

Midstream assets are better suited inside a company—or structure—where they are the core business, not a supporting act. A standalone midstream operator, or a peer whose valuation and strategy are built around infrastructure economics, can manage recontracting risk, aging assets, and margin pressure without competing for attention with refining performance or commercial trading outcomes.

Phillips 66 shareholders, meanwhile, have a bundled exposure that they have to manage. If an investor wants refining risk, they can get it more directly in VLO or even PBF. If they want midstream infrastructure exposure, they could choose it more directly—through a pure-play midstream company—without carrying refining volatility along for the ride.

This is where the breakup argument becomes compelling.

Separating midstream from refining would:
• Allow each business to be valued on its own merits
• Let management teams focus on what they actually know best
• Reduce strategic tension and competing priorities
• Give shareholders the ability to build their own portfolios instead of inheriting one

Keeping midstream inside Phillips 66 no longer looks like integration. It looks like inertia.

The company has already proven willing to simplify in other areas. Midstream should be next—not because the assets are bad, but because they are mis-owned.

Refining needs clarity and focus to improve capture and reduce volatility. Midstream needs patient ownership unanchored from refining cycles. Trying to force both into a single equity story satisfies neither.

The question isn’t whether midstream is valuable.
It’s whether it belongs here.

Right now, the answer increasingly looks like no.

Devon, Coterra Merger Confirms Layoffs

https://www.upstreamonline.com/people/layoffs-on-horizon-after-58-billion-us-shale-merger/2-1-1938275

Devon Energy and Coterra Energy are merging in a $58 billion deal. Layoffs will occur at the newly combined company. The specific scope of these job reductions is not yet clear. This information was revealed in a US Securities and Exchange Commission filing. The companies have not provided further details on the specifics.

Only outside buyers allowed? Are they trying to ki-l the book value even more?

Cigna just merged dental & mental health. Wow, Sean Carroll is going to be 2x busy for the same pay. Mental Dental, they should just let Dr. Seuss lead cigna at this point.

https://www.freep.com/story/money/business/michigan/2026/02/02/fifth-third-finalizes-purchase-of-comerica/88474021007/

Fifth Third Bancorp finalized its purchase of Comerica Bank. The deal officially closed on Monday, February 2.

Rebranding of Comerica branches to Fifth Third will begin in September.

This all-stock deal was valued at $12.3 billion.

The Federal Reserve and shareholders approved the deal last month.

Hi everyone, I’ve seen some recent roles open for the spend management team in APJ. But having looked at previous comments and the merger with Concur it doesn’t seem like the best place to be. Thoughts? Want to make sure I make the right jump

Not sure how you are able to give up more exec seats and move the company headquarters to the smaller company but DVN was able to do it!

Saw a recent post on Pepsi reddit where a Territory Manager calls out field sales merger likely happening by this summer which is part of the reason for Company Car removal for all field sales. Anyone hearing similar? Should Field Sales expect things to shift that quickly...

Devon needs additional reserves and production that it would never achieve through the drill bit. In fact, it advertised 20-30 year drilling runway is closer to 6 years. Hence the hook up with Coterra.

How will this merger play out?
Layoff and which side is the most affected?
Will this merger improve a low morale and stagnant HQ workplace?
Stock price in 2027?

Heard a rumor that Dell is trying to acquire the HP client business? Anyone else hearing this?

Rumor has it the new name will be Frozon!

Glencore is cutting 1,000 jobs to reduce costs as it focuses more on the growing demand for copper. The company is also merging its nickel and zinc operations. Glencore employs about 150,000 people worldwide. It plans to spend a lot of money to increase copper production, aiming to become one of the world’s largest copper miners.

Omnicom plans to lay off more than 4,000 workers and shut down several well-known advertising agencies after buying rival Interpublic Group for $13 billion. The advertising industry is under growing pressure as artificial intelligence changes how ads are made. Big tech companies like Meta are also making it easier and faster for businesses to create ads on a large scale.

https://www.latimes.com/entertainment-arts/business/story/2026-01-27/paramount-warner-bros-deal-how-would-it-cut-costs

Today I noticed my auto signature was deleted. Then I find out they changed the titles for everyone in our department.
This is exactly what they did after the WorldPay merger. 50% were let go less than a year later.

A merger between NJCU and Kean University is underway. This transition has caused initial job reductions at NJCU. Some staff members were issued pink slips. The exact count of affected individuals remains unstated. Officials from both universities declined to provide specifics.

https://jcitytimes.com/njcu-kean-merger-yields-first-layoffs-officials-mum-on-details/

Things were just so much better before this "merger of equals". We had to adapt to inferior BBT policies and procedures and technology despite the lies of choosing the best options.

With the new frontier acquisition, do you think Verizon will conduct layoffs to be able to support all of the frontier employees?

Now that the frontier acquisition is complete, will Dan still need Hans as special advisor?

I enjoy his run with Hans

https://www.stb.gov/wp-content/uploads/Jan-16-2026-STB-Decision-in-UP-NS-Merger-FD-36873.pdf

STB denied the merger application as incomplete.

Have they cut your roster down? Looks like Roseville, Ca. going to take a hit as well. This merger, low car counts, not reaching monthly repair numbers. It was bound to happen. So much for a utility position. I see scab city before long. Good luck brothers, hanging tight in SoCal

https://www.bizjournals.com/boston/news/2026/01/20/waters-faces-stockholder-lawsuits-over-17-5-merger.html

Have the stores been getting non stop deliveries of pallets of merchandise to sell off along with its currently own goods? Positions starting to open up at nearby locations to help colleagues who want to stay with the company? I know fixture sales will probably start beginning in Febuary. Hope everyone is doing OK. Closing a location can be fun.

What’s the scuttlebutt on Repsol pricing the veil on Apache to realize that the liabilities far outweigh the assets…Repsol assuming North Sea and gulf of America is committing to a blank check…JC needs to sweat in 2026

https://www.lightreading.com/broadband/california-approves-verizon-frontier-deal-with-conditions

Lots of conditions to be met for this merger.

I've heard rumors that most cuts will target management. Anyone know if there's any truth to that?

https://www.lightreading.com/broadband/california-approves-verizon-frontier-deal-with-conditions

20 Billion dollar deal negotiated, lots of conditions and agreements to include employment guarantees for Frontier employees, and DEI considerations.

How will this affect future non-union employee layoffs going forward?