#news

Intel (INTC.O), opens new tab on Thursday unveiled key details of its upcoming Panther Lake laptop processor, the first chip built on its next-generation 18A production process, aiming to convince investors its costly turnaround plan can restore its manufacturing edge. https://www.reuters.com/business/intel-outlines-details-first-pc-chip-made-its-new-manufacturing-tech-2025-10-09/?utm_source=chatgpt.com

https://www.fierce-network.com/broadband/verizon-buys-starry-what-you-need-know

Current issue: https://fortune.com/article/wells-fargo-was-reeling-from-scandal-jamie-dimon-protege-charlie-scharf-bet-his-career-on-saving-the-173-year-old-bank/

At least we made one top list:

https://x.com/TheLayoff/status/1975999349135114323

https://www.msn.com/en-us/money/companies/legal-battle-heats-up-between-merrill-lynch-and-breakaway-advisors/ar-AA1NxRLs

https://web.archive.org/web/20250930120805/https://fortune.com/ranking/best-workplaces-technology/

or go straight here
https://fortune.com/ranking/best-workplaces-technology/

the top link is archived and there are no paywalls or adds. the bottom link is the source link.

https://finance.yahoo.com/news/chris-leahy-chair-ceo-cdw-231100873.html

Time for a drink.....

https://www.reuters.com/sustainability/boards-policy-regulation/us-supreme-court-rejects-software-giant-saps-bid-avoid-rivals-antitrust-suit-2025-10-06/

Both counties seen quite calm still.

Any piece of news on the room?

Deloitte to refund government, admits using Al in $440k report
Edmund Tadros and Paul Karp
Oct 5, 2025 - 7.41pm

Deloitte Australia will issue a partial refund to the federal government after admitting that artificial intelligence had been used in the creation of a $440,000 report littered with errors including three nonexistent academic references and a made-up quote from a Federal Court judgement….

A new version of the report for the Department of Workplace Relations (DEWR) was quietly uploaded to the department's website on Friday…

Deloitte to refund government, admits using Al in $440k report
Edmund Tadros and Paul Karp
Oct 5, 2025 - 7.41pm

Deloitte Australia will issue a partial refund to the federal government after admitting that artificial intelligence had been used in the creation of a $440,000 report littered with errors including three nonexistent academic references and a made-up quote from a Federal Court judgement….

A new version of the report for the Department of Workplace Relations (DEWR) was quietly uploaded to the department's website on Friday…

https://www.fierce-network.com/wireless/verizon-taps-ex-paypal-virgin-mobile-exec-new-ceo

Analyst thinks Schulman’s appointment is a stop-gap measure and eventually, Sowmyanarayan Sampath, Vestberg’s heir apparent, is likely to take over. Sampath is currently CEO of the Consumer Group at Verizon.

https://mynorthwest.com/kiro-opinion/harger-washington-recession/4139846

Valve's September 2025 Steam Hardware Survey reveals AMD's Ryzen CPUs are rapidly gaining market share from Intel, driven by popular 8-core and 16-core models.

https://www.tweaktown.com/news/108073/steam-data-shows-pc-gamers-are-choosing-amd-cpus-over-intel/index.html

India wants to lure its best minds back from the US

https://www.bbc.com/news/articles/c1792qwg85qo

A large portion of the US population doesn't want you and your home country wants you back. The US isn't going to get better any time soon and the attitudes toward you will only get worse. Why are you waiting?

You heard it here first. You have been WARNed.

Well that’s all she wrote a clip from the article posted below. Stay competitive with whom? I wonder how many of these new people voted yes will be laid off?

Fourteen of the projects canceled in New York are listed as being run by General Electric Co. or its energy spinoff GE Vernova, which employs hundreds in Schenectady and Niskayuna.

Full article here;

https://www.timesunion.com/business/article/new-york-jobs-risk-doe-cancels-8-billion-energy-21081410.php

His plan is revealed...

https://seekingalpha.com/news/4501768-3m-evaluating-selling-billions-of-assets-in-industrials-business---report

Roughly 100,000 federal employees officially left the government payroll this week, deepening concerns about the softening U.S. job market, The Wall Street Journal reported Saturday. The departures coincide with an ongoing government shutdown that could bring additional losses.

The cuts stem from the administration’s deferred-resignation program, which allowed employees to leave but continue receiving pay and benefits for months. About 154,000 took the deal, according to the Office of Personnel Management, with most staying on the books through Sept. 30. Combined with a hiring freeze, voluntary exits and layoffs, the federal workforce is expected to shrink by hundreds of thousands this year.

https://www.msn.com/en-us/money/markets/federal-job-cuts-add-strain-to-weakening-labor-market-in-u-s/ar-AA1NQYAt?ocid=finance-verthp-feeds

Parks Tacoma, the city’s parks and recreation district, is dealing with a combination of less revenue than expected and more expenses, making for a shortfall of $8 million. In response, the district cut some jobs last week.

The district laid off 14 staff members, and another 10 employees opted to take voluntary separation packages. The district also paused filling 25 vacant positions.

https://www.knkx.org/tacoma/2025-10-03/tacoma-parks-lays-off-staff-freezes-open-positions

https://syncni.com/article/14123/how-allstate-ni-s-activate-event-is-redefining-workplace-culture

Trump administration cancels millions in funding for Plug Power and GE Vernova. U.S. Rep. Paul Tonko's office said $180 million in total funding was canceled for projects connected to the Albany region.

By Luke Nathan – Reporter, Albany Business Review
Oct 3, 2025

I can’t afford what I just bought if I went back to my old job.

https://www.fool.com/investing/2025/10/03/where-will-ups-be-in-1-year/

I guess most if not all of this article seemed to be available from the link I've pasted below.

But it didn't really convey any news other than "I'm not dead yet". Maybe someone with better reading comprehension / oiji board skills than myself can tell me the big news contained herein.

https://www.bizjournals.com/triangle/news/2025/10/01/cary-sas-ipo-artificial-intelligence-jim-goodnight.html?csrc=6398&link_source=ta_first_comment&taid=68dd33f5f5bfd20001db1ca5&utm_campaign=trueAnthemTrendingContent&utm_medium=social&utm_source=facebook&fbclid=IwY2xjawNKGhNleHRuA2FlbQIxMABicmlkETF2TjlLWTBPNkVMemtjSTVqAR4ptyAs0Oqrk0jB8Avtwg6Yn4gzNVt2NUmMQ7DHkhkNkRMMz-rESj4DEqAnXw_aem_x82wTJAKJiP9R3P3_STGfQ

https://finance.yahoo.com/news/tgt-target-stock-pops-takeover-161641769.html

https://www.crn.com/news/security/2025/ibm-s-suja-viswesan-on-the-future-of-qradar-siem-and-the-post-quantum-security-journey

Very high buzzword density, "AI" 9 times.

https://thegamepost.com/canceling-xbox-boycott-game-pass-price-increase-microsoft/

https://www.theregister.com/2025/09/08/red_hatters_to_be_big/

If MG is riding shotg-n, it can only be worse news.

Xerox Sues Premier Copier, Inc. Over Fake Leases and Kickback Scheme.
https://tonernews.com/forums/topic/xerox-sues-premier-copier-inc-over-alleged-fake-leases-and-kickback-scheme/
#print #printer #toner #tonercartridges #tonercartridge #InkCartridges #Printing #Ink #printercartridges #copiertoner

So Farley admits EV sales are doomed when you and your neighbors stop subsidizing them?

https://www.cnbc.com/2025/09/30/ford-ceo-jim-farley-ev-incentives.html

https://www.businessinsider.com/intuitive-silicon-valley-medtech-company-pauses-h-1b-hiring-2025-9

Hearing rumblings about weekly WFRs underway, any numbers or specific depts?

https://www.businessinsider.com/intuitive-silicon-valley-medtech-company-pauses-h-1b-hiring-2025-9

Any news on when McKinsey will depart so we can all get back to work? It would sure be nice to focus on work instead of meeting with them daily simply so they can provide our leadership with a fictitious projection for savings. I no longer even try to provide them with accurate information since we all know they are serving as middle management in Chevron now. Of course, their very survival depends on drumming up more fictitious projects.

This is what they hope / think / expect may happen - extreme (they use that word, yes) offshoring and near-shoring (to the East and to the South, respectively):

"Such a rush could lead to "extreme offshoring" in some cases, said Ramkumar Ramamoorthy, a former managing director of Cognizant India, adding that the COVID-19 pandemic had shown key tech tasks could be done from anywhere."

"If Trump's visa curbs go unchallenged, industry experts expect US firms to shift high-end work tied to AI, product development, cybersecurity, and analytics to their India GCCs, choosing to keep strategic functions in-house over outsourcing."

"Either more roles will move to India, or corporations will near-shore them to Mexico or Colombia. Canada could also take advantage," said the India head of a retail GCC."

"While the $283-billion IT industry that contributes nearly 8% of India's GDP may feel the strain, surging demand for GCC services could cushion such a blow, however."

"Lost revenues from H-1B visa reliant businesses could be somewhat supplanted by higher services exports through GCCs, as US-based firms look to bypass immigration restrictions to outsource talent," Nomura analysts said in a research note last week."

More in the article: https://www.ndtv.com/world-news/us-firms-to-consider-shifting-work-to-india-as-trump-hikes-h1-b-visa-fee-9369365

Jensen ("it's too high", poor Jensen): https://www.businessinsider.com/jensen-huang-nvidia-trump-100k-h1b-visa-price-high-immigration-2025-9

What if the NYT covers how Americans have been losing their jobs instead?: https://www.nytimes.com/2025/09/29/business/india-h1b-visa-trump.html

Same with this outlet: https://www.msnbc.com/top-stories/latest/trump-h1b-visa-fee-brain-drain-rcna234471

This is Bee Ees, Canadians and Germans have been complaining about them losing their jobs to foreigners, but poor foreigners, hey: "But now, for many, it’s simply not worth it. An Indian computer science graduate in Texas told Reuters: “I’ll move to Canada or Europe — anywhere that actually wants us.” And other countries do want them: China, Germany and other nations are rolling out new incentives to scoop up the same talent the U.S. is now pushing away."

The unemployment lines in Canada are getting longer and longer. In Germany, unemployment hits 14-year high. For example: https://money.usnews.com/investing/news/articles/2025-09-30/german-unemployment-rises-more-than-expected-in-september

My entire point is that media outlets don't inform, they push narratives and we need to be skeptical and do our homework (everyone, regardless of pol it i cal leaning).

Story by Katherine Hamilton

Imperial Oil plans to reduce its workforce by 20% by the end of 2027.

The job cuts, along with broader restructuring efforts, are expected to save $150 million a year by 2028, the Canadian oil company said Monday.

Imperial had 5,100 regular employees at the end of 2024, according to its annual report.

The other restructuring efforts include working more closely with its major shareholder, ExxonMobil, to drive productivity improvements, including higher production, reduced downtime, lower unit operating costs and better project planning. Imperial also said it plans to further consolidate activities to its operating sites.

The Calgary, Alberta, company expects a one-time restructuring charge of $330 million before taxes in the third quarter. Its 2025 guidance is unchanged.

https://www.msn.com/en-us/money/markets/imperial-oil-to-cut-20-of-workforce-in-next-two-years

https://www.reuters.com/sustainability/exxon-mobil-cut-2000-jobs-bloomberg-news-reports-2025-09-30/

Stupid idea in the first place.

https://www.bbc.co.uk/news/articles/ce84e4egp38o