#business

WF had several major waves in July of recent years (considering the 60-day notice leading up to the 9/30 bonus eligibility date). Any inside scoop on the upcoming 7/7 and 7/21 layoffs? Anything different this year or it's just business as usual?

Giant Eagle officially was bought by Krogers for $1.65 billion dollars. I knew back then 10-15 years ago and I had tried warning folks. I think I made a post about it on here back then and was accused of making it up and one person even said it looks like a toddler posted it. When I began seeing Giant Eagle doing a lot of cuts and penny pinching trying to make their books look good, I knew then they were either going out of business or trying to get bought out. Then there was a lot of turnover at their corporate offices and it seemed like corporate didn’t care what went on at their stores anymore too. I knew something was going on.

https://www.freightwaves.com/news/new-maersk-shifts-socal-import-containers-to-up-from-bnsf

Layoffs on the horizon?

https://www.lightreading.com/network-platforms/bt-unloads-loss-making-international-unit-in-verizon-tie-up

Do we have money for this ?

Buckle up
https://www.verizon.com/about/news/verizon-bt-group-international-joint-venture

AK = Gerstner 2.0

https://247wallst.com/investing/2026/06/26/blackberry-ibm-and-nokia-are-all-trying-to-come-back-history-says-only-one-survives/

Will this be the final straw for this failing company and their shady business practices if NHTSA finally finishes their investigation this year ? Hopefully no one has forgotten this. The government has sure taken their sweet time and slow walked this.

The U.S. Department of Transportation (DOT) National Highway Traffic Safety Administration (NHTSA) is currently investigating Hertz for renting out recalled vehicles that had yet to be repaired, Reuters reported.

NHTSA ACTION NUMBER: AQ22003

Two businesses in Frederick announced recent layoffs and a facility closure. Trulite Glass & Aluminum Services will close its Ijamsville facility. This closure affects 21 employees due to financial hardships. U.S. Bank also plans to eliminate positions at its Frederick location. Approximately 36 employees will be impacted starting in July.

Frederick, MD

https://www.fredericknewspost.com/news/economy_and_business/employment/two-frederick-businesses-announce-layoffs-facility-closure/article_c423abe9-430f-501f-9cb3-270a0bbcea3e.html

Forward-looking leadership: How this telecom giant puts AI into action

https://www.morningbrew.com/stories/ai-into-action

I cannot believe the direction our company has been going in. It is like the people in charge have lost their minds ! First the horrible change with our forklifts.. now we had to take all of our back end caps down . All this wasted space .. where do they think all the extra stuff they buy is going to go.. especially with the holidays coming soon. They over buy clothing … ugly clothing .. then we have to give it all away to a liquidator.. we have special events with mattresses .. which they over buy and we had to pull those to give to the backroom for the liquidator .. seems like we are in business to make them money instead of us

What positions are considered NOT business critical?

The consultants hired for the F2BOW initiative have set a target headcount reduction of 60-100. This is for business only, tech headcount reductions haven’t been determined yet, but they said there is significant “capacity creation” there as well. No set date, but probably later this year.

Cisco AITECH offers a free, 15-hour crash course and AIBIZ providing only high-level business concepts without a formal exam!

Translation: loss of company $$$ + a way to bypass hiring qualified engineers, allowing non-technical managers to fake technical expertise and undermine the value of a rigorous engineering degree.

ONLY Cisco did this. Top companies knew better.

• 95% of AI pilots fail to deliver measurable profit-and-loss impact is accurate, sourced from the MIT NANDA report.

• Despite $30–40 billion in enterprise investment, only 5% of integrated AI pilots extract measurable value.

• Harvard Business Review says AI is flooding workflows with low-quality output that requires more human intervention to validate, creating a net loss in productivity.

Bottom Line - products, sales fail because they treat AI as a plug-in tool.

There are hiring freezes and management are being very quiet about next FY it’s certainly not business as normal. Rumours of SAP buying DEVOPS/ADM

Same cr-p, different logo! Pretty sure we're having layoffs today! Several have gotten the "Business Update" meeting invite for this morning...

Today, I met a small business owner who uses One Talk. He became very frustrated when he found out that I had previously worked on another Verizon project, even though I explained that I no longer work for Verizon …

He then shared his opinion that companies lose customer trust when they fail to listen to customer feedback, retain ineffective employees, and let go of capable people. He questioned why companies make such decisions and felt that they ultimately damage customer confidence and loyalty.

Does anyone know if Deg is merging with business services, in IBEW they are currently under the central office world. Anyone got any information

Schwebel Baking Co. plans to close its last two bakeries. These facilities are located in Youngstown and Hebron. The company expects to shutter them by Labor Day. Schwebel's has shut down various facilities over ten years. This continues a trend of facility closures for the company.

https://www.bizjournals.com/cleveland/news/2026/06/18/schwebel-baking-company-layoffs-liquidation.html

Wed mass cuts where made on the consumer side. Alot of level 2, specifically LRIS aka authorized side. About 50% cuts where made so that means the people who were "saved" will now have double the doors and a larger territory to cover. Not sure if that's a balance to have. Also firsnet subs laid off. From my understanding all were let go at least on the west coast.

Level 3 DOS saved, support teams saved for now. But I'm sure more cuts will happen.

This is consumer. Not sure on the business side, ihx, or any org were also cut. Crazy the load more work for the people being "saved" with same pay and not so great raises.

Back to the subject of this site, what is the current landscape of RAs and pips everyone is currently seeing out there? Including business unit and organization would be helpful in response.

The Simplicity plans and no free phone promos. Easier way to transition corporate locations into resellers. The staff will already be trained.

Paychex has decided to layoff approximating 10 designers and over 70 developers. They are refusing to give any reasoning or criteria for why they targeted individuals, citing AI wasn't the reason and that it was for "business needs" and "sustainability". From what I've heard they gave former employees only 9 weeks of severance.

Plastic Products Co. Inc. is closing its West Branch, Iowa facility. This plant specializes in injection molding. The closure stems from a business slowdown. Whirlpool's reduced demand impacted the company. The West Branch operation will cease.

West Branch, Iowa

https://www.plasticsnews.com/processors/injection-molding/pn-plastic-products-closing-west-branch-molding-plant-whirlpool/

Robinhood announced a 10% workforce reduction. This action affected approximately 290 staffers. The company cited business strength for the move. Wall Street analysts subsequently raised price targets for HOOD stock. Robinhood shares soared 8.8% following the news.

https://www.investors.com/news/robinhood-stock-hood-stock-soars-above-key-level/

Belk is the only department store to still be operating like it’s Covid 2020. Stores have not improved since the pandemic in terms of staffing levels and services for customers. We are stuck in Covid business model.

Name one thing Verizon should do to improve its business.

MIP for PH was 70% which is crazy given the BU is a growth driver for Medtronic overall.

Robinhood announced layoffs affecting 10% of its full-time employees. This reduction impacts approximately 290 workers. The company aims to streamline its organization and improve performance. Robinhood expects to incur $28 million in restructuring charges. The company stated this action comes from a position of business strength.

https://qz.com/robinhood-layoffs-workforce-reduction-061626

Thats gotta be a great sign huh? Losing billions, needing to cut prices, and pushing a desperate hail mary IPO.

If we are saving humanity and curing cancer, why are they cutting prices before even figuring out how to make a single penny in profit?

https://www.instagram.com/reel/DUu3O7YkxMO/?utm_source=ig_web_copy_link&igsh=NTc4MTIwNjQ2YQ==

https://www.fitchratings.com/entity/mutual-of-america-life-insurance-company-80091235

Rating Action Commentary

Fitch Revises Mutual of America's Outlook to Stable; Affirms IFS Rating at 'BBB+'
Fri 12 Jun, 2026 - 9:49 AM ET

Fitch Ratings - New York - 12 Jun 2026: Fitch Ratings has affirmed the Insurer Financial Strength (IFS) rating of Mutual of America Life Insurance Company (Mutual of America) at 'BBB+'. The Rating Outlook has been revised to Stable from Negative.

The revision of the Outlook reflects Mutual of America's continued balance sheet strength while executing on its strategic turnaround plan. The company produced a modest operating loss in 2025; however, core profitability improved yoy and Fitch views the plan as credible to further improve results through expense reductions and revenue expansion.

Mutual of America's rating is underpinned by its very strong capital position, demonstrated by its regulatory capital ratio, Prism capital model score and its lack of financial leverage. The rating is also highly influenced by the company's business profile, which reflects Mutual of America's position within the niche non-profit, small case retirement plan market and its differentiated approach to distribution, emphasizing underserved and underpenetrated portions of the market. The rating is currently constrained by Mutual of America's challenged profitability.

Key Rating Drivers
Pressured Profitability: Mutual of America's 'BBB+' IFS rating is one notch below the implied IFS rating of 'A-' due to its financial performance and earnings, which is the weakest link. The company reported net income of $2 million for 2025, compared with a net income of $53 million in 2024 and a net loss of $236 million in 2023. Positively, operating results improved yoy with a modest net loss of $15 million in 2025 compared with an operating loss of $155 million in the prior year, excluding the company's sale of the remaining stake in its home office building in New York City. In 1Q26, the company produced a net operating gain of $3 million. Fitch expects a slight loss for the full year 2026, followed by modest profitability in 2027. Profitability will be driven largely by continued reductions in expenses including vendor efficiency, contract rationalization, reduced real estate footprint and workforce optimization.

How many of you think that SpaceX will eat telecom business?
Hard days ahead

What is this collaboration with the clothing brand, Municipal? I'm failing to understand the strategy behind this.

Hearing some people got 15 minute HR Business updates today? Anyone hearing that?

I'd remove it from here

lost a lot of small businesses, too focused on hardware/POS machine.
When bring a CEO with engineering background, he is just talk everything about devices, no one care about service, lost a lot of small businesses.
then new CEO with accountant background, everyone known --- layoff is coming.

The big boss "san francisco" is bleeding... that's the way is.

If you work on a control team, your days are numbered. Work that can’t be automated by AI is being shifted to business accountability people. Huge effort to get rid of most controls. Nothing left for anyone to do.

Optimum's outlook 'more aspirational than realistic' – analyst
Optimum's new multi-year outlook sees its broadband business stabilizing at 3.8 million subs by the end of 2028. That's a 'tall order,' says New Street Research, which expects broadband losses to continue.

Picture of Jeff Baumgartner
Jeff Baumgartner,Senior Editor,Light Reading
June 10, 2026

The bank needs to rapidly increase Ai investment to stay relevant.

AC and his direct leadership team represent a significant leadership investment, yet employees continue to ask a simple question: What measurable value has been delivered from the cloud migration program?

The organization has become increasingly management-heavy, with governance and project management often taking precedence over technical leadership and engineering execution. Many engineers feel that recognition and rewards are concentrated within leadership, while delivery teams carry the majority of the execution burden.

Before investing further in new transformation initiatives, Gunjan should push Dilip to review and reorganize this organization, assess its effectiveness, and ensure leadership costs, accountability, and business outcomes are properly aligned.

If Verizon converts a majority of its stores to indirect, the company will end up relying even more heavily on corporate business account managers to drive revenue. The problem is they are simultaneously putting increasing pressure on the very people carrying those revenue streams.

From the outside looking in, it feels like Verizon is stretching and stressing the core pieces of the business instead of strengthening them. That is not a sustainable long term strategy, and it is hard to see it ending well for the company if things continue in this direction.