#company

When will details be shared?

What did Todd mean in the SAGA Townhall around having an ILS transformation?

At least ten high ranking positions suddenly eliminated from Generac Power Systems in Pewaukee, WI ( www.generac.com ) in a cost saving effort leading to reorganizing of the remote monitoring teams.

Generac CEO Aaron Jagdfelt interview in the news from earlier:
https://www.youtube.com/watch?v=xQ4KugBjyfA

We are laying people off weekly, expecting a huge tech layoff in Q4 but we can afford to have large celebrations offsite. Wake up everyone this isn’t the old Nike anymore.

Isn’t Ai great? Production reports but no evidence to prove or refute the claim.

https://uk.finance.yahoo.com/news/citi-trims-china-leans-u-135008357.html

https://www.beckershospitalreview.com/finance/former-optum-director-found-guilty-in-1-2m-fraud-scheme-against-company/

Not laid off yet, but all my projects have somehow been distributed to other teams.

Are there going to be anymore impacts today?

no , like seriously , what is even the point of this rebranding exercise? the company is already in a huge loss , like legit 75% down this year , and upon all this loss , they wanna spend on the already existing office infra to "change" the logo , what is even the point of this? also i love the fact that they alligned this EXACTLY with the layoff week and shut downt the office globally .GG.

• coming from someone who was impacted lol

Someone asked in the all hands, could they expect any changes to operational activities etc and Shannon said no

Looks like we are good

Does anyone know if there will be a RIF in Q1 or Q2?

Have folks moved from New York or other high-cost locations to Tampa or Irving for Citi? Was there an implication of loyalty for having done so only to now be discarded like trash?

A business in Winfield is preparing for layoffs. The name of the affected company was not specified. Details regarding the number of employees are unavailable. The reason behind these job reductions remains undisclosed. Further information about the situation was not provided.
Winfield, Alabama

https://www.wbrc.com/video/2026/02/19/layoffs-set-winfield-business/

Dude is such a goober. His loyalty/praise can be bought with a steak dinner and a thermos with your logo on it. Should you fly him out to a print show or investor event, he’ll even provide strategic guidance (see his comments RE: Kyocera & XRX). RS might be a bigger fraud than SB… Psych, Bandywise is the scam artist GOAT!

I wanted to punch my monitor so badly during that time-wasting “Fireside Chat”. They are seriously downplaying the impact on daily operations and productivity. I can’t stand this smug Mario Lopez doppelgänger guy and how he defends this nonsense by rationalizing that many big companies have “Gone Google”. If they think they’re removing 80-90% of Microsoft licenses by the end of the year, then they must be smoking some crazy stuff. As someone who has been experimenting with the Google suite, let me be clear, they are Mickey Mouse tools that are more appropriate for middle school students or the mom & pop corner bakery. Either they are severely inept, which is totally possible, or they are panicking behind the scenes and have too much pride to acknowledge that they f’ed up. This will give them another excuse, other than tariffs, to explain the company’s decline. Expect a bullet point on the 2027 Kickoff Google Slides to say something to the effect of “Unexpected Technological Challenges in an Agile Environment”.

4 year deal signed by next weekend

FK CGI

Or will you go and eat another one of their bullsh-t sandwiches?

https://finance.yahoo.com/news/sam-altman-says-ai-displacing-113050990.html

The ask Mr AI-washing about AI-washing. How much are they paid for this hogwash?

Traditionally, it seems layoff meetings are scheduled on Tuesdays and Thursdays, is there a reason for this?

I wonder how it may have turned out for Crown if Mr Paul Elliott Singer had not reared his head.

TLDR: Offshoring is tanking the company, layoffs are coming monthly, and the whole thing’s about to implode. Brace yourself.

The tribal knowledge that execs are wiping out with all this offshoring is priceless and irreplaceable. I know a lot of US-based teams that have been hit by the recent layoffs, many of them who worked directly with clients. I feel for them, and I feel for the clients too—they have no idea how quickly this company is falling apart from the inside.

According to a solid resource involved with HR, they’re planning to lay off 200-250 people every month. I’m definitely looking for jobs outside of the company because the writing’s on the wall. Soon, there won’t be anyone left in the US except the execs, a few critical infra folks, and CSMs/SRMs to keep the facade that everything’s fine.

This whole company is running on siloed legacy infrastructure, and once the people who actually know how everything works are gone, it’s just a matter of time before catastrophe strikes—something that’ll make the Capital One incident look like a joke. The world’s largest payment processor is on the edge of imploding, and most people have no idea what’s coming. The crypto bros will be celebrating their "black swan" moment.

Any other WellMed departments get affected?

Due to restructuring in Ortho, aka giving all the jobs over seas to Costa Rica, all the TX design team, clinical advisors, DC and FMQC, US based employees, are being laid off effective in March. Hard to say official numbers but it's upwards of 40 people. Many were here since clarity alligners started nearly 10 years ago. Pretty sc-mmy way to save a few bucks the day after they announced 1 Billion dollars for stock buy back.

There are quite a few rumors circulating, so I wanted to check if anyone else has heard anything.

Those of you that went to RTM structure, when did you go mission 1? Were you also the first to that structure when they did it?

Ask co pilot what GK’s target bonus is for this year.

Does anyone have any thoughts going into the Earnings Call? This will be the first time Amit presents in front of the investors.

Executives are coming for our jobs and we have to come together to stop it. We need a white collar union!

When will this be over damn it?

Does anyone have dates for the 2026 show yet? I haven't seem them in the media.

Was anyone told that merit increases were not going to be given to 3's this year? Was told it was company wide. Is that true?

Trump Justice Department should look into this for all businesses

https://finance.yahoo.com/news/t-sued-york-city-pension-183955729.html

"I want to be fully clear and transparent on the great place to work programme"

doesn't mention that Cisco buys their way to the top
Ok

I think it's worth simplifying the story what is actually being investigated by the SEC. Basically, in March 2025 Gotham City Research accused Kyndryl and namely CEO & chairman Martin Schroeter of major issues surrounding cash flow. Firstly, it is important to note that Martin, as chairman, created a pay package for himself based mostly on the metric of free cash. Over 50% of his compensation is based on free cash. Since the report came out almost a year ago, Martin cannot claim ignorance.

So, what is free cash? Free cash is essentially the extra spending money a business has. So, they are free to use it as they please.

Now, the issues are that Kyndryl was sure doing a lot of gymnastics to inflate this number.

One allegation is that Kyndryl sold receivables to the bank and called that "revenue". Receivables are essentially IOUs for one-time payments. Kyndryl sold those to the bank and made it look like these loans are recurring revenue.

The allegations that the SEC are investigating also stem from the Gotham City report. This allegation says Kyndryl aggressively timed vendor payments to increase cash holdings and called that cash "free". This is like showing your spouse how much "spending money" you have in your bank account but failing to tell them you have that money because you missed your house payments. They have admitted to abnormalities in delaying vendor payments between quarters, which means they were punting expenses into away to call the cash to pay those expenses "free cash". That is clearly fraud.

Recently, Kyndryl, upon disclosing this information fired their CFO and general counsel, while claiming these two executives were not transparent with the CEO or the board. However, Kyndryl has decided NOT to let CEO Martin Schroeter lead any remediation plan, which will instead be led by the brand new interim CFO and interim general counsel. This is an obvious break showing they don't think shareholders trust Martin anymore.

Basically, if these allegations prove true, Martin will have to argue in court that he was an oblivious id--t instead of a criminal.

More details in the comments https://www.linkedin.com/posts/activity-7427118095061819392-rD0R?utm_source=share&utm_medium=member_ios&rcm=ACoAAAdeT6sBq6HR8cmvn-Ypy8_0uJhVxf9JjF4