#news

Any news for layoffs in ASEAN head anything?

Bryan and Michelle Hofmann, the husband-and-wife morning anchor team at KRIS 6 in Corpus Christi, are leaving the station after their positions were eliminated in company-wide layoffs. The couple, who have worked at KRIS 6 since 2022 and became popular for their on-air chemistry and personal story, said their final broadcast will be August 18, 2026. They also dismissed rumors that they were being replaced by artificial intelligence, noting that the cuts affected other journalists and staff across the company. The Hofmanns thanked viewers for embracing them and said they have not yet announced what they plan to do next.

https://www.expressnews.com/news/article/married-texas-tv-anchors-leaving-kris-6-layoffs-22380157.php

https://www.foxbusiness.com/fox-news-lifestyle/faa-orders-inspections-hundreds-boeing-737-max-jets-potential-cracks

https://hartfordbusiness.com/article/xerox-cuts-1255-jobs-in-first-half-as-lexmark-integration-continues/

Norwalk-based Xerox Holdings Corp. eliminated 475 jobs during the second quarter and 1,255 positions during the first half of 2026 as the company integrates Lexmark International and restructures its operations.

https://lnkd.in/p/evfAhpQA

Yikes not a good look given what is going on - poor taste.

In front of T.J. Watson in Southern New York.

https://www.reddit.com/r/IBM_Employees/s/CM48XXGtsN

Executive Summary of Corporate Practice at Centene
Centene Corporation operates a business model that has faced extensive scrutiny for systemic fraud, deception, and severe governance instability. Regulatory filings, whistleblower disclosures, and federal lawsuits present a picture of an organization that has frequently exploited taxpayer-funded health programs. The company faces ongoing challenges from state attorneys general, federal prosecutors, and consumer protection groups. According to data tracked by Good Jobs First's Violation Tracker, Centene has accumulated 1.96 billion dollars in total financial penalties. Over 378.1 million dollars of that total has been paid out since Sarah London took over as Chief Executive Officer and President in March 2022.

Boardroom Turmoil and Mass Resignations
Centene's internal governance has shown signs of fracturing under mounting legal and financial pressure. Corporate records document 13 director exits within a five year span, highlighting deep internal fallout and instability at the highest levels of leadership.
In August 2025, directors Wayne DeVeydt and Thomas Greco abruptly resigned from the board in the same month, with DeVeydt departing specifically to join a direct competitor. This pattern continued into July 2026 when longtime board member Kenneth Burdick suddenly resigned, adding to the flight of leadership during a multi-billion dollar financial downturn.

The Medicaid Whistleblower Exposures
Regulatory investigations suggest that Centene's business operations have relied significantly on inflating costs for state Medicaid programs. While Centene paid out over 1 billion dollars across more than 20 states to settle Pharmacy Benefit Manager overbilling schemes, Georgia has remained a major hostile holdout state.

Guided by independent whistleblower disclosures, Georgia officials hired specialized outside counsel from the law firm Liston and Deas to investigate Centene's Peach State Health Plan. Whistleblowers exposed how the company allegedly pocketed millions in state taxpayer funds by inflating prescription costs and hiding developer discounts. The fallout from these investigations culminated in state officials stripping Centene of its multi-billion dollar Managed Care Organization contracts, removing over two million members from their network.

The Ambetter ACA RICO Lawsuit
Centene's controversial practices extend directly to low income Americans through its Affordable Care Act exchange product, Ambetter. A major class action lawsuit brought under the Racketeer Influenced and Corrupt Organizations Act by Wexler Boley and Elgersma alleges that Centene systematically defrauded consumers and the federal government across 26 states.

The lawsuit accuses Centene of deliberately falsifying and fabricating its lists of in-network doctors and hospitals to trick people into buying plans. Only after paying their premiums did vulnerable members find out their doctors did not actually accept the insurance. This practice forced patients to pay thousands out of pocket or go without care entirely.
In tragic cases, such as an active June 2025 filing in Arizona, members allegedly died after being unable to access critical mental health care due to these fraudulent ghost networks. Furthermore, the lawsuit exposes that Centene deliberately named its exchange plans after localized Medicaid plans to trick low income patients into believing they were purchasing plans with standard, reliable benefits.

Federal Cybersecurity Deception and Investor Fraud
Centene's pattern of misrepresentation has also impacted federal agencies and its own shareholders. In February 2025, the United States Department of Justice forced Centene and its subsidiary to pay 11.25 million dollars to resolve False Claims Act violations. The settlement addressed allegations that the company falsely certified compliance with mandatory cybersecurity standards to secure lucrative military health contracts under the TRICARE program.

Concurrently, an active securities fraud class action lawsuit details how CEO Sarah London and upper management fabricated a false impression of stability throughout 2025. Management allegedly concealed crashing enrollment numbers and a sicker user base until a devastating multi-billion dollar financial collapse forced the company's credit rating down to junk status.

Closing Summary: A Sad State of Affairs
The reality facing Centene is a grim reflection of a corporation brought down by its own systemic dishonesty. What was once one of the nation's largest administrators of government healthcare programs has dissolved into a cautionary tale of corporate greed and regulatory failure. By prioritizing short term financial gain over patient health and legal compliance, Centene has completely eroded its institutional credibility.

The human toll of these practices is significant, ranging from low income families left without real medical care by ghost networks to military families whose sensitive data was left unprotected. Today, Centene faces a severe crisis of its own making. Its boardroom is emptying, its core state contracts are being stripped away, its financial ratings have dropped to junk status, and its leadership faces active fraud lawsuits from the very investors who funded them. Centene stands as an enterprise facing a deep operational and moral decline, showing how quickly a company can collapse when its foundation is built on deception.

How the Whistleblower Exposed WellCare
The 2007 FBI raid on WellCare was made possible by Sean J. Hellein, a senior corporate financial analyst at the company’s Tampa headquarters. [1, 2]
Hellein discovered that WellCare’s senior leadership was maintaining two separate sets of financial books to systematically cheat government programs. For 18 months, Hellein worked undercover as a confidential informant for the FBI and the Department of Justice, risking his career and safety by wearing hidden wiretaps and recording devices during internal corporate meetings. [2, 3, 4]
The evidence gathered by Hellein exposed severe corporate practices: [4]

• The Whistleblower Recordings: Hellein captured over 1,000 hours of secret audio and video surveillance detailing executives explicitly plotting how to double-bill Medicare and Medicaid. They falsified patient data and medical records to inflate state reimbursement payouts. [3, 4, 5, 6]

• The "Unprofitable" Patient Purges: The unsealed federal complaint revealed that WellCare actively rewarded employees who intentionally dumped hundreds of sick newborns and terminally ill patients from their membership rolls because they were deemed "unprofitable" to look after. [2, 4]

The Bounty Dinners: In one piece of evidence, Hellein’s attorney noted that WellCare management actually threw a celebratory corporate dinner for a team of employees who successfully disenrolled 425 sick infants from their plan, a move that saved the company 6.9 million dollars at the expense of patient care. [4]

Hellein’s undercover operation gave the FBI the exact probable cause needed to execute the massive October 2007 headquarters raid. For his pivotal role in exposing the scheme under the False Claims Act, Hellein was awarded a whistleblower payout of 20.75 million dollars from the ultimate civil recoveries. [4, 7]

How Centene Eventually Acquired WellCare
Following the criminal convictions of its top executives, WellCare spent years attempting to clean up its public image, restructure its leadership, and rebuild its business around government-sponsored managed care. [8, 9]

On January 23, 2020, Centene Corporation officially closed a massive 17.3 billion dollar acquisition of WellCare. [10, 11]

The business logic behind the acquisition included:

• The Megamerger: Centene bought WellCare in a cash-and-stock deal, giving Centene shareholders roughly 71% ownership of the combined enterprise. The purchase combined the two largest players in government-sponsored healthcare. [10, 12]
• Creating a Medicaid Monolith: The acquisition instantly turned Centene into an unrivaled powerhouse in the Medicaid Managed Care Organization market and significantly expanded its footprint in Medicare Advantage plans. [13]
• A Legacy of Compliance Issues: The merger effectively brought WellCare's historical operational model under the Centene corporate umbrella. [11]

Critics note the historical irony of this transaction: Centene acquired a company famous for pioneering systemic Medicaid overcharging, only to face its own multi-billion dollar wave of state investigations and fraud settlements for pharmacy overbilling just a few years later.

Its TIME to look out for yourself NOW!

[1] https://www.protectuslaw.com
[2] https://healthlaw.org
[3] https://waterskraus.com
[4] https://www.ovid.com
[5] https://www.justice.gov
[6] https://www.bostoninjurylawyerblog.com
[7] https://www.facebook.com
[8] https://www.hoyerlawgroup.com
[9] https://www.hoyerlawgroup.com
[10] https://investors.centene.com
[11] https://www.bassberry.com
[12] https://investors.centene.com
[13] https://www.bateswhite.com

The more participation, the more information that they don't want us to have. Spill it.

Dday

https://seekingalpha.com/news/4627865-att-taps-ericsson-to-deploy-newly-acquired-600-mhz-spectrum?share_source=shared_news

Sunnyside Restaurant & Lodge is temporarily closing its doors for an extensive renovation project. The Local Food Group, led by Mark Estee, is undertaking this significant upgrade. The estimated cost for the renovation is up to $5 million. This closure is expected to last approximately six months. The project aims to modernize the popular establishment.

Sacramento, California

https://www.bizjournals.com/sacramento/news/2026/08/05/sunnyside-tahoe-layoffs-remodel-mark-estee.html

HP's firewall now has this website blocked. ZScaler has thelayoff listed as blocked.

CTRA Permian is getting wrecked!!

Lambert leaving L3H was not a significant surprise. No need to dive deeper on that, we all know why.

Chris Melito is in now. Are we just checking boxes and filling roles? WTF!

Changed goalposts again likely

How many people have experienced payroll issues in Minneapolis? How long did it take to get paid back? Were there still issues after getting paid back? Did you experience any negative consequences for speaking out? I already know it was a major issue there, I'm just wondering how many people it affected. I'm doing a story and will eventually go public and make this national news.

https://www.forbes.com/sites/markfaithfull/2026/07/20/gamestop-doubles-down-on-ebay-bid-as-ryan-cohen-escalates-pursuit/

Brown & Brown does not expect its push to deploy artificial intelligence across the brokerage to lead to significant layoffs, according to president and CEO Powell Brown (pictured), who described the technology as "a growth tool rather than a cost-cutting exercise."

https://www.insurancebusinessmag.com/us/news/technology/ai-push-wont-trigger-major-layoffs-brown-and-brown-ceo-584689.aspx

List of H1B Labor Condition Applications (LCA) for Oracle America INC - Fiscal Year* 2026

https://h1bgrader.com/h1b-sponsors/oracle-america-inc-1kznonw7km/lca/2026

https://www.reuters.com/business/energy/trump-demands-lower-gas-prices-oil-companies-chides-chevron-ceo-2026-08-03/

New Worker Adjustment and Retraining Notification filings reveal upcoming layoffs across various industries. These notices are required for companies with over 100 employees planning significant workforce reductions. While the labor market has shown resilience, uncertainty and a shift from rapid expansion contribute to these cuts. Many filings indicate restructuring within specific units or locations rather than company-wide actions. Upcoming federal employment reports will provide further insight into the labor market's trajectory.

https://www.newsweek.com/list-of-companies-laying-off-employees-in-august-12249804

Felman Production, LLC is ceasing operations at its West Virginia plant due to difficult market conditions. The company cited prolonged low pricing and increased import competition in the silicomanganese industry. Approximately 98 employees will be affected by this closure. The facility's furnaces are expected to stop production by the end of August. Affected workers will remain on payroll through the WARN Act notice period.

Mason County, WV

https://www.lootpress.com/steel-alloy-manufacturer-announces-nearly-100-layoffs-at-west-virginia-plant/

Estrella Del Paso has ceased its legal aid program for unaccompanied children. This decision has resulted in the termination of thirteen employees. The organization cited financial reasons for the closure. The program provided crucial legal assistance to vulnerable youth. This marks a significant reduction in services offered by Estrella Del Paso.

El Paso, Texas

https://cbs4local.com/newsletter-daily/gallery/estrella-del-paso-closes-legal-aid-program-for-unaccompanied-kids-13-layoffs-in-el-paso

Uptick in demand boosts Ruger to $7 million in net income after 90 layoffs in Newport

https://www.unionleader.com/news/business/uptick-in-demand-boosts-ruger-to-7-million-in-net-income-after-90-layoffs-in/article_bb92434d-965e-4975-b1f2-49e9154bf38d.amp.html

https://www.charlotteobserver.com/news/business/article316697404.html

https://share.newsbreak.com/j6gnzs7h?s=i16

https://share.newsbreak.com/j6gnzs7h?s=i16

Anyone else no longer able to see the Fannie Mae “bowls” on Fishbowl and Glassdoor? It now says they don’t exist. They were active prior to 10 am yesterday.

Are the business update meetings going out yet? Someone in this forum previously said first week of Aug would see some layoffs. That's next week. Any updates?

https://www.semafor.com/article/07/31/2026/t-mobile-deutsche-telekom-merger-stalls

Sale of Folsom campus cancelled.

How come?

they're eliminating MB remote positions it looks like. Severance seems to be 2 months + 1wk for every year of tenure.

apparently more news to follow Monday

So today was when everyone was officially given notice if they got the position . So turns out the people who been here the Logan’s and didn’t take the package and applied for the rtm role were not offered the job. Big surprise . Instead the ones with less time with the company were the ones who received the position. Company is totally trying to get rid of the old timers with the big salaries. I believe once the company gets settled in they will
Also get rid of all the ones who got the position who clearly weren’t qualified since the beginning . It’s all a scheme to get rid of the old timers. Shady company

Honeywell Aerospace has its own thread on here now guys

Speculations