#news

This is a surprise. I wonder what will happen to Finance. I heard a lot of NYC jobs are going to lower cost locations.

https://finance.yahoo.com/news/citi-cfo-mason-to-step-down-after-ceo-frasers-power-consolidation-135104516.html

HP Inc. (HPQ) reported fiscal fourth quarter earnings results after the close on Tuesday, which topped Wall Street estimates on both the top and bottom lines. The company also announced it is pursuing new AI initiatives, which include reducing "gross global headcount by approximately 4,000-6,000 employees."

BoA downgrade, split company.

Expect more layoffs in December.

The ship is sinking mates.

Ford Sales in China
2017: 1.2 million
2020: 602K
Jim Farley took over as CEO of Ford on October 2020
2022: 490K
2023: 455K
2024: 175K
2025: 115K (forecasted)


SAP SE was sued by supply-chain artificial intelligence firm o9 Solutions Inc., which claimed three of its former executives stole trade secrets for the European software giant.

In a complaint filed Tuesday in Dallas federal court, o9 claimed the stolen trade secrets concerned the design, implementation and testing of its supply-chain management software. The company, whose backers include KKR & Co. and General Atlantic, was valued in 2023 at $3.7 billion.

According to o9’s suit, longtime market leader SAP was losing customers to competitors in the business-planning software space due to its outdated platform. As a result, SAP allegedly launched an “aggressive campaign” to target o9’s trade secrets. Since the documents were reportedly stolen, o9 claims SAP has altered its software to closely mirror the startup’s offerings.

A representative for SAP declined to comment on the lawsuit.

https://timesofindia.indiatimes.com/technology/tech-news/verizon-ex-ceo-sends-open-letter-to-13000-employees-company-is-laying-off-says-no-one-can-take-away/articleshow/125515667.cms

Should I worry about more layoffs this year? I'm thinking between Thanksgiving and Christmas, it'd be truly assholish of them to lay people off. Not that I wouldn't put it past them, but it'd come with some unwanted bad publicity. Am I too naive to think they care?

TSMC sues ex-exec Wei-Jen Lo over secrets theft - Breaking The News https://share.google/QYQr7IUivQgG5of0z

Immigration lawyer Rahul Reddy warns H-1B workers that their biggest mistake is assuming good performance will protect them from layoffs. He urges them to prepare a Plan B that could include moving to another employer, changing status, starting a business, or enrolling in studies to maintain lawful presence if they lose their job. The piece frames proactive immigration planning as essential in a volatile tech job market with frequent layoffs

https://timesofindia.indiatimes.com/world/us/indian-origin-immigration-lawyer-shares-plan-b-for-h-1b-holders-facing-layoffs-biggest-mistake-is-assuming-/articleshow/125548154.cms

I'd buy it.

https://www.theguardian.com/business/2025/nov/24/northwestern-mutual-insurance-jobs-hiring

Wealth management company Cetera Financial Group laid off a “small” number of employees to streamline its operations, a company spokeswoman said on Friday. Cetera, owned by private-equity firm Genstar Capital Partners, also conducted layoffs earlier this year. The latest round didn’t affect teams that support Cetera’s thousands of financial advisors, the spokeswoman said.

https://www.barrons.com/advisor/articles/cetera-layoffs-f4a234b2

Truelink Capital ("Truelink"), a Los Angeles based private equity firm focused on growth and long-term value creation, announced today that it has signed a definitive agreement to acquire SouthernCarlson, Inc. ("SouthernCarlson" or the "Company"), a leading distributor and service provider of construction and industrial fasteners, tools, packaging, and supplies, from Kyocera Corporation ("Kyocera"), a global Japanese conglomerate. Financial terms of the transaction were not disclosed.

https://www.prnewswire.com/news-releases/truelink-capital-to-acquire-southerncarlson-inc-from-kyocera-corporation-302624208.html

https://finance.yahoo.com/news/eu-approves-450m-czech-support-100157348.html

Lumileds has decided to eliminate 60 jobs at 370 West Trimble Road in North San Jose, the company reported. Lumileds, an advanced manufacturing company, produces LEDs, or light-emitting diodes. LEDs are used for automotive, general lighting and specialty lighting applications. The job cuts are scheduled for Jan. 30, 2026.

https://www.mercurynews.com/2025/11/21/economy-jobs-tech-san-jose-work-ai-internet-south-bay-build-web-light/

https://www.ft.com/content/f3ec8172-96da-4ebf-8fe6-80e1c5893286

I’d heard he left. Looks like he got a job with a wallet - maybe he will give Elliot a run for their money and just buy us.

Crystal Dynamics has been hit by another round of layoffs. The cuts r due to restructuring and cost reductions. More to come.

The Dallas Morning News is in a new wave of layoffs under its new owner.

Staff worry about the impact on local news coverage, it'll be less of it.

Everyone loses here. I guess someone makes moeny too.

GES, Firstnet , MM?

https://www.reuters.com/legal/government/eeoc-says-northwestern-mutual-wont-hand-over-information-dei-policies-2025-11-20/

https://www.bnamericas.com/en/news/ibm-to-shut-latin-america-rd-center-amid-global-overhaul

Has anyone heard anything about any layoffs? Seems pretty quiet right now but reading about a lot of companies laying off

What do you think? Would GB leave Elevance to lead the WNBA?

What now?

https://fortune.com/2025/11/19/google-ceo-sundar-pichai-says-ai-can-do-his-job/

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

Anybody got info on best buy

Two failing and dying tech companies trying to make it together in a pathetic partnership with the magic word - "Quantum".

(The IBM shares are not yet back to the 300 dollar mark - LOL )

https://www.msn.com/en-us/money/other/ibm-shares-climb-after-unveiling-quantum-networking-partnership-with-cisco/ar-AA1QOYUP?ocid=msedgntp&cvid=7938789abfa947c2dfa46afd1353a0c5&ei=26

I can't remember of anything worse, but I haven't been here that long.

Did anyone from business fraud in NC heard anything? So far it’s been quiet.

Anything on CA side of thing yet?

https://www.trendforce.com/news/2025/11/18/news-former-tsmc-svp-wei-jen-lo-said-to-have-joined-intel-allegedly-bringing-sub-2nm-process-files/

Any news from Midwest? anyone getting cut? I hope everyone the best rn!
God bless!

This is crazy. West coast news will starting hitting within the hour.

Anyone who speculated that Lex Loofah would end up at 101 Productions so he could continue sponging off Taylor Sheridan was close, but apparently not quite on the money.

Kind of appalling that NBCU is going to pay him to continue riding Sheridan's coattails and declare himself a "hitmaker" despite not actually making anything himself.

Gross.

https://www.hollywoodreporter.com/business/business-news/chris-mccarthy-follow-taylor-sheridan-nbcuniversal-1236431266/

This company is absolutely mad. They're just throwing in the towel to T-Mobile.

WMT’s comparable sales up 4.5%, TJX comparable sales up 5%, TGT comparable sales down 2.7%.

How is Fiddelke going to spin this?