#news

Enjoy.

https://www.hollywoodreporter.com/business/business-news/massive-layoffs-if-paramount-buys-warner-bros-says-netflix-1236500848/

IBM’s spinoff, Kyndryl, seems to be in a wee bit of trouble.

I was going to attach a link, but honestly, just Google it — there are plenty of articles out there.

It’s a company led by former IBM executives, operating with the same policies, technology stack, infrastructure, and culture.

Something is rotten. Will it infect the mothership?

Weeks after scrubbing “renewable energy” from its name, the National Laboratory of the Rockies in Golden, formerly known as the National Renewable Energy Laboratory, is also shedding workers.

The cuts impacted 134 employees engaged in both research and operations at the laboratory, according to an emailed statement from David Glickson, a spokesperson for the federal research center.

https://www.cpr.org/2026/02/09/nrel-layoffs-2026/

xLight, a U.S.-based startup developing an EUV light source based on a particle accelerator, on Tuesday signed a Letter of Intent (LOI) with the U.S. Department of Commerce for $150 million in proposed federal incentives under the CHIPS and Science Act. xLight came out of the blue earlier this year when it hired Pat Gelsinger, former chief executive of Intel, as executive chairman. The money, if awarded, will be used to bring xLight's free-electron laser (FEL) based light source closer to reality once it is built in Albany and its viability is proven in practice.

https://www.tomshardware.com/tech-industry/semiconductors/u-s-government-awards-gelsinger-backed-euv-developer-xlight-with-usd150-million-in-federal-incentives-company-to-develop-new-electron-based-light-source-for-lithography-tools

Anyone know the reasons for, or implications of, this?

https://www.gurufocus.com/news/8598226/xrx-options-to-be-delisted-effective-february-9

It appears that 2026 layoff round has began.

The Atlanta Journal-Constitution announced additional layoffs this week. Parent company Cox Enterprises is accelerating its digital transformation strategy. These cuts aim to align resources with evolving reader habits. The move reflects broader challenges facing regional newspapers nationwide. Declining print revenue and shifting consumption patterns force painful restructuring decisions.

https://www.webpronews.com/atlanta-journal-constitution-cuts-staff-again-as-cox-enterprises-accelerates-digital-first-strategy-amid-industry-upheaval/

Post here. Looking forward to how he does at the February 19th earnings call

Anyone hearing we are getting new CEO? Nick from Frontier? He did major restructuring at frontier. So if news so true buckle up guys.

50% sure they will announce chapter 7 restructure.

I am reliably informed that Stevie is next in line to be laid off, he’s off to HP to accelerate their downfall. When 2 dumpster fires collide.

They just did it again last week but a smaller round and called it “cost cutting”. They just can’t help themselves. Post if you know more

Billions lost in stock value but at least the company is pumping out future of finance and the rising star fuel articles like their the nyt

Let’s focus on the future of fiserv.

I havent heard anything happening in Ireland, any news? I see lots of OU's been hit today. Scary times ahead.

Unfortunately, it’s Toyota, not Ford.
But let us pray…

Posts on LinkedIn from affected workers and others at the company shed light on the cuts. Impacted employees include engineers, marketing managers, project managers, and others.

https://www.geekwire.com/2026/smartsheet-layoffs-enterprise-software-giant-cuts-staff/

https://internationalnewsandviews.com/sap-layoffs-10000-jobs-cloud-ai-strategy-2026-396897-2/

I thought this might be from last year or year before but nope, just a copy paste

Designer Brands, owner of Designer Shoe Warehouse, confirmed that the company underwent layoffs last week.

The company did not answer questions regarding the number of employees or departments impacted. Designer Brands also did not comment on questions regarding whether employees were offered severance or other benefits, but did state that the company’s priority “is to support affected associates with the resources they need during this transition.”

https://www.retaildive.com/news/designer-brands-dsw-confirms-layoffs/811413/

The layoffs - which are expected to be permanent - were attributed to "operational changes in CVS Health Aetna's Small Group business segment," according to the letter. Layoffs will occur between early April and late July, according to the letter.

https://www.msn.com/en-us/money/companies/cvs-health-to-lay-off-over-300-remote-employees-who-report-to-aetna-hq-in-hartford/ar-AA1VKElx

• Workday announced layoffs affecting about 2% of its workforce, mostly those in customer-service roles.
• The company said it's realigning resources while continuing to hire in strategic areas and locations.
• The cuts come as AI developments rattle software investors, with Workday shares down about 34% from a year ago.

https://www.businessinsider.com/workday-layoffs-amid-software-stock-sell-off-2026-2

https://www.ctinsider.com/business/article/cvs-health-aetna-layoffs-hartford-21335365.php

• U.S. employers announced 108,435 layoffs for the month, up 118% from the same period a year ago and 205% from December 2025. The total marked the highest for any January since 2009.
• At the same time, companies announced just 5,306 new hires, also the lowest January since 2009, which is when Challenger, Gray & Christmas began tracking such data.
• Also, job openings fell sharply in December to 6.54 million, to their lowest since September 2020. Available jobs are down by more than 900,000 just since October.

https://www.cnbc.com/2026/02/05/layoff-and-hiring-announcements-hit-their-worst-january-levels-since-2009-challenger-says.html

https://www.foxnews.com/media/investigation-nikes-dei-practices-could-have-major-nationwide-impact-hiring-says-alan-dershowitz

People keep mentioning that layoffs are not only happening in Europe, but I haven't heard anything about cuts here so far. Can somebody share what's being hit?

Enjoyed seeing the CEOs of United Healthcare and CVS/Aetna getting scolded by different members of congress last week. How can we make sure Sarah doesn’t miss out on that fun? I need to see her explaining all her little “High Touch Initiatives” put in place in those state plans with high MCR rates. Popcorn ready!

https://www.sdxcentral.com/news/verizon-job-cuts-continue-warns-noncore-operations-could-be-next/

Not surprised! Even with Quality Audits, that area still couldn’t get it together after years and years.
RiF’d the wrong people last year IMO

https://share.google/oUNbVwec3krKUU7Za

https://apnews.com/article/dei-nike-discrimination-diversity-eeoc-80b07bba4ce7eb73e0bcac3e1d46a122

Thoughts?

https://www.nytimes.com/2026/02/04/business/eeoc-nike-white-employee-discrimination.html

Macy's Leads Thousands of Supply Chain Job Cuts
The freight market continues to struggle in early 2026. Over 3,100 job cuts have been announced since mid-January across various sectors. Macy's is closing its Owasso, Oklahoma, fulfillment center, affecting 993 employees. Alton Steel and Continental Tire also announced significant layoffs. Weak consumer demand and excess capacity contribute to these widespread reductions.

https://www.freightwaves.com/?p=570118

Cardone Industries is closing two facilities located in Texas. This action affects 129 employees in Harlingen and Arlington. The closures stem from parent company First Brands Group's financial and legal issues. First Brands Group filed for Chapter 11 bankruptcy in September.

https://www.expressnews.com/business/article/first-brands-cardone-texas-closure-layoffs-fraud-21329238.php

Eddie Bauer faces expected bankruptcy. Recent layoffs preceded this. The layoffs happened at the company's headquarters. Bankruptcy is now anticipated. These two events are linked.

https://www.bizjournals.com/twincities/news/2026/02/03/eddie-bauer-prepares-chapter-11-filing.html

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/

The freight market continues to struggle in early 2026. Over 3,100 job cuts have been announced since mid-January across various sectors. Macy's is closing its Owasso, Oklahoma, fulfillment center, affecting 993 employees. Alton Steel and Continental Tire also announced significant layoffs. Weak consumer demand and excess capacity contribute to these widespread reductions.

https://www.freightwaves.com/?p=570118

Seeing few unexpected role eliminations posts on LinkedIn , was there any update or a flash call about this recently ?

Is it just another rumor or is it coming? most likely to be shared at earnings call if it is a fact.

The Seattle area recently shed jobs. This marks the first job loss since the pandemic began. The region had previously added fewer than 15,000 jobs in 2024. Further details are behind a paywall. The Puget Sound Business Journal reported this development.

https://www.bizjournals.com/seattle/news/2026/02/03/area-loses-jobs-tech-industry-construction.html

Company planning next steps

1. Reaffirming 2026 financial targets and commitment (i.e Sharebuy back and div etc)
2. Increasing cost cutting labelling it as ahead of and better than planned schedule to spike up investors confidence
3. Major restructuring and flattening structures, ALOT of middle managers will be affected. ALOT of Directors/VPs will be affected as well due to combination of functions and geographies.
4. Print and PC split on discussion.

Company in loads and loads of chaos. No CEO just disappear overnight like that and move out. The damage done by Lores is unthinkable. His playbook is to max payment to Shareholders via stock buy back and div to pump up share price to fattened himself and other C-suite, while stripping away everything possible internally. This failed miserably as shareprice during his tenure and now was lower.