#news

https://www.fox10tv.com/2025/10/30/layoffs-are-piling-up-here-are-some-companies-that-have-cut-jobs-recently/

Puma plans to eliminate about 900 more corporate jobs globally by the end of next year, the athletic brand announced Thursday. The company, which has about 7,000 corporate employees and previously cut 500 roles this year, said cost savings from the layoffs will be released later.

https://www.retaildive.com/news/puma-layoffs-q3-sales-declines/804240/

Check out the URL (Legal / Ligitation)

Hmmm wonder what thats all about?

https://www.reuters.com/legal/litigation/cargill-lay-off-80-workers-minnesota-more-globally-2025-10-29/

https://www.morningstar.com/news/marketwatch/20251029375/fiservs-former-ceo-left-the-fintech-company-in-crisis-trump-put-him-in-charge-of-social-security

Roche’s Genentech unit is laying off staff at its Bay Area headquarters for at least the third time this year, saying goodbye to 118 employees in a workforce reduction that spans multiple departments.

https://www.fiercebiotech.com/biotech/genentech-says-goodbye-118-employees-third-hq-layoff-round-year

https://removepaywalls.com/https://www.ft.com/content/075e268d-1ec9-47e0-bd78-dec2d9f95004

The layoff leaders today are Paramount Pictures & CBS - a big carnage over there with 2k laid off, they are much smaller than us:

https://www.thelayoff.com/t/1k8s207c8
Linked: @OP+1k8s207c8

https://www.highereducationinquirer.org/2025/10/borrowers-against-apollo-event-friday.html

• General Motors laid off more than 1,700 workers across manufacturing sites in Michigan and Ohio, the company confirmed to CNBC.
• The layoffs include jobs at Detroit’s electric vehicle plant and Ohio’s Ultium Cells battery cell plant, in addition to temporary layoffs at Ultium Cells’ Tennessee plant.
• The company cited a slowdown in the electric vehicle market.

https://www.cnbc.com/2025/10/29/gm-layoffs-michigan-ohio.html

A former executive at a company that sells zero-day vulnerabilities and exploits to the United States and its allies pleaded guilty in federal court in Washington, DC, on Wednesday to selling trade secrets worth at least $1.3 million to a buyer in Russia, according to US prosecutors.

Peter Williams, a 39-year-old Australia native who resides in the US, faced two charges related to the theft of trade secrets. As part of the plea agreement, Williams faces between 87 and 108 months in prison and fines of up to $300,000. He must also pay restitution of $1.3 million.

Williams will be sentenced early next year. Until then, he will remain on house arrest at his apartment, must undergo electronic monitoring, and is permitted to leave his home for one hour each day, according to the plea agreement.

Williams worked for less than a year as a director at L3 Harris Trenchant—a subsidiary of the US-based defense contractor L3Harris Technologies—when he resigned in mid-August from the company for unspecified reasons, according to UK corporate records. Prior to his time at Trenchant, Williams reportedly worked for the Australian Signals Directorate, during the 2010s. The ASD is equivalent to the US National Security Agency and is responsible for the cyber defense of Australian government systems as well as the collection of foreign signals intelligence. As part of its signals intelligence work, the ASD has authority to conduct hacking operations using the kinds of tools that Trenchant and other companies sell.

This month the Justice Department accused Williams of stealing seven trade secrets from two companies and selling them to a buyer in Russia between April 2022 and June 2025, a time period that coincides in part with Williams’ employment at L3 Trenchant.

The document does not name the two companies, nor does it say whether the buyer, described by prosecutors as a software-based Russian broker, was connected to the Russian government. (L3 Trenchant faces no criminal liability.)

According to the US attorney overseeing the case, Tejpal S. Chawla, the FBI alerted L3 Trenchant sometime in 2024 that some of its software had leaked. As TechCrunch reported last week, Trenchant was investigating an alleged leak of its hacking tools by employees—an investigation that Williams, then general manager of the firm, oversaw, prosecutors said during Wednesday’s hearing.

Williams was voluntarily interviewed by the FBI multiple times this summer, including once on July 2. The same month, prosecutors say, Williams signed a contract with the unnamed Russian company worth hundreds of thousands of dollars, using the alias John Taylor and an email address with the same name. This deal followed a separate contract that prosecutors say Williams signed in June. The FBI again interviewed Williams in August and confronted him about the sale of company secrets, prosecutors said. The prosecution said Williams admitted to the sales at that time.

Prosecutors assert that Williams made at least $1.3 million from the sale of the trade secrets and have moved to seize his assets, including a home in DC, funds held in several banking and crypto accounts, and a list of luxury items that includes nearly two dozen high-end and replica watches and other designer goods.

Trenchant, known formally as L3 Harris Trenchant, develops hacking tools for the US government and its allies. L3 Trenchant was formed after L3 Technologies purchased Azimuth Security and Linchpin Labs in 2018 and combined the two companies. L3 Technologies later merged with a military communications equipment provider to form L3Harris.

Azimuth was a developer of zero-day exploits based in Australia, and Linchpin Labs was a software firm founded by former intelligence officials from Five Eyes countries. (Five Eyes is a surveillance partnership formed by the US, the UK, Canada, Australia and New Zealand.) Trenchant develops various forms of hacking tools for browsers such as Chrome, as well as Apple’s iOS, Android, and desktop and network computing systems.

https://nypost.com/2025/10/29/media/cbs-saturday-morning-canceled-michelle-miller-dana-jacobson-are-out-sources/

https://x.com/BoringBiz_/status/1983237774615445574

https://www.nytimes.com/2025/10/28/business/ups-layoffs-48000-workers-this-year.html

T had always been a follower. Is this a sign of things to come?

Niagara Bottling will lay off 85 employees at its bottling plant on Northwest 42nd Street in Ocala, according to a notice issued to the state.

Most of the layoffs are effective Dec. 31, 2025; however, some employees will stay until March 31, 2026.

https://www.wcjb.com/2025/10/27/niagara-bottling-lay-off-85-workers-ocala-plant/

How does this affect Cisco ?

https://www.cnbc.com/2025/10/28/nvidia-nokia-ai.html

Several departments are expected to experience layoffs; however, Disneyland Resort declined to confirm which specific departments will be affected. At the time of writing, the California theme park has not filed a WARN notice.

https://www.sfgate.com/disneyland/article/disneyland-lose-100-employees-round-layoffs-21125544.php

Reuters and Deadline have articles saying layoffs begin today. Lovely to hear this communication on the Web before the company we work for relays the message. Praying for all of our colleagues. Keep us posted on what departments get hit.

According to a Tweet from Dylan Byers from Puck News: CBS NEWS leadership will announce layoffs tomorrow... Nearly 100 jobs will be affected across the division, as I've long reported..

Ford Gets a Correction to Our F-150 Lightning Story
Douglas A. McIntyre
Mon, October 27, 2025

Ford Motor Co. (NYSE: F) asked for a correction to our “Ford to End Production of Failed F-150 Lightning.”

Here is their correction:

F-150 Lightning is the best-selling electric pickup truck in the U.S. – despite new competition from CyberTruck, Chevy, GMC, Hummer and Rivian – and delivered record sales in Q3. Right now, we’re focused on producing F-150 ICE and Hybrid as we recover from the fire at Novelis. We have good inventories of the F-150 Lightning and will bring Rouge Electric Vehicle Center (REVC) back up at the right time, but don’t have an exact date at this time.

Here is our response:

Ford’s comment about the Lightning is a claim that it is good to be a 5 feet, 3 inches tall person in a room of people who are 5 feet tall.

For a start, the production information comes from The New York Times: “The company also said it has stopped making an electric version of its popular F-150 pickup.” That is in the headline about Ford’s earnings. In the body of their story: “Because of the fire and slowing sales of electric vehicles, the company has stopped making the F-150 Lightning electric pickup.”

Ford always stuns us when it talks about being first in the segment. The company took the brand of the top-selling vehicle in the past five decades and launched an electric version. Then it congratulated itself for selling only 85 of these a day through the first three quarters of this year. Thus, Ford took one of the greatest brands in auto history and turned it into a multibillion-dollar debacle.

Executive Chair Bill Ford told the Detroit News that the Lightning was the most important product of his career. He added, “Anytime you have a radical change to your most successful product, you really are betting the company.” I have not heard him say Ford lost that bet.

The company increased the price of the Lightning three times in 2022. Some of that was apparently because it did not anticipate “significant material cost increases.” One of the largest car companies in the world should have foreseen such a significant change.

Ford said it planned to build 150,000 Lightnings in 2022. And it said it would ramp to an electric vehicle (EV) production rate of 600,000 in 2023. Ford has only sold 69,000 EVs through the first three quarters of 2025. It will be lucky to sell 90,000 for the entire year.

Astonishingly, Ford is proud of being in first place in the electric pickup segment with nine-month sales of 23,034 Lightnings through the third quarter, up a staggering 1%. That’s a record to be proud of.

1. UPS: 48,000 employees
2. Amazon: Up to 30,000 employees
3. Intel: 24,000 employees
4. Nestle: 16,000 employees
5. Accenture: 11,000 employees
6. Ford: 11,000 employees
7. Novo Nordisk: 9,000 employees
8. Microsoft: 7,000 employees
9. PwC: 5,600 employees
10. Salesforce: 4,000 employees
11. Paramount: 2,000 employees
12. Target: 1,800 employees
13. Kroger: 1,000 employees
14. Applied Materials: 1,444 employees
15. Meta: 600 employees

Bank of America - hoping 0

https://www.nytimes.com/2025/10/27/technology/amazon-layoffs.html

Massive layoffs are sweeping across the U.S. — Target, GM, and Ford are among major companies cutting jobs, pushing total layoffs near one million this year.
Despite record profits and strong Wall Street gains, corporations are slashing workforces, blaming automation and “restructuring.”
Critics say it’s a coordinated move to suppress wages and weaken workers’ job security as the economy edges toward recession.
https://www.wsws.org/en/articles/2025/10/25/jobs-o25.html

https://www.digitimes.com/news/a20251028VL208/tsmc-intel-president-production-2025.html

Chegg said on Monday it would lay off about 45% of its workforce, or 388 employees, as the “new realities” of artificial intelligence and diminished traffic from internet search have led to plummeting revenue.

https://www.cnbc.com/2025/10/27/chegg-slashes-45percent-of-workforce-blames-new-realities-of-ai.html

Reported in this mornings News & Observer -- campus to be completely vacated by March 2026. The land has been sold to data center developers.

https://nypost.com/2025/10/27/us-news/national-grid-must-pay-2-workers-a-total-of-3-1m-for-denying-them-remote-work-after-pandemic/

Amazon is layoff 30k employees. Is Dell following Amazon soon?

Vancouver-based social media management-platform provider Hootsuite confirmed to BIV in an email Monday afternoon that it is laying off hundreds of workers.

The company said it would not "share" exactly how many people it was laying off, but it said the cuts would be for about 20 per cent of its global workforce.

https://www.piquenewsmagazine.com/technology/hootsuite-laying-off-hundreds-of-staff-20-of-workforce-11405954

Fun times, fun times indeed

Parts of IT and VZB Cust Serv outsourced to Indian Company HCL. Now the fiber build out to another Indian company.

https://www.verizon.com/about/news/verizon-expanding-broadband-new-strategic-fiber-agreement

Morgan Stanley maintains "Overweight" rating on TMUS, lowers price target to $280.
Recent analyst actions show mixed ratings with varying price targets.

Hold my overnighted Prime beer, 30k

Damn

https://www.usatoday.com/story/money/2025/10/27/amazon-layoffs-job-cuts/86934722007/#

Amazon.com Inc. plans to cut corporate jobs in several key departments, including logistics, payments, video games and the cloud-computing unit, according to people familiar with the matter.

https://www.latimes.com/business/story/2025-10-27/amazon-plans-to-cut-corporate-jobs-across-core-departments

Job cuts will affect HR, devices, services, operations
CEO Jassy aims to reduce bureaucracy, increase AI use

https://www.reuters.com/business/world-at-work/amazon-targets-many-30000-corporate-job-cuts-sources-say-2025-10-27/

Dozens of Lenoir County workers are facing permanent layoffs as Safeway Logistics LLC exits its delivery contract with Amazon, according to the company.

https://www.witn.com/2025/10/27/72-kinston-workers-face-layoffs-independent-contractor-exits-amazon-delivery-program/

Amazon to cut about 30,000 corporate jobs beginning this week

McLean-based Fortune 500 government contractor Booz Allen Hamilton is launching another round of layoffs after a weak quarter, citing earlier federal contract reductions and an ongoing slowdown in federal funding.

https://virginiabusiness.com/booz-allen-hamilton-announces-new-round-of-layoffs/

Was this planned and coordinating by each others CEO’s to layoff this many retail employees at same time or just forward looking forecast of the industry ? Hence similar timing

Also is their cut less bad as ours? Or about same. Ratio. Still not good either way you slice and dice this