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Check your 401k

Edward Jones made a change at year end to investment choices in the 401k.

While Suzan and her s$@t HR function did the bare minimum to communicate these changes through the 401k provider (Empower), it was buried under annual disclosures and most of home office and the field were caught completely unaware that the company made new investment choices on their behalf (Really great precedent for a company managing CLIENT investments, right!?).

Not sure I am surprised at all given the character of this company and its leaders, but just a friendly reminder to be sure to check on your 401k.


More on capitalism and our system

It seems like there are some disagreements about my previous post on capitalism. Let me explain more, and you don’t have to agree with it — that’s totally fine.

  1. In the last post, some of you said there are many welfare abusers in this country. I do agree there are abusers, but that’s only a small percentage of people. If you work at BNY, you are probably not eligible for any type of benefits.

  2. The government pays for the benefits, but where do the benefits go? Most of them go to the healthcare industry and food stamps. As we all know, healthcare is notoriously expensive in the US because the priority goal for hospitals is to chase maximum profits. Isn’t this capitalism at its peak?

  3. By now, most people would think, “Oh, so you just want communism.” The answer is no. The opposite of capitalism is not communism. We need to fix our current system so that most profits won’t go to the top 1 percent. The benefits that the government spends on people are bananas compared to the taxes that the top 1 percent have avoided.

  4. Capitalism chases monopoly. In this country, our food, water, electricity, banks, and healthcare industries are dominated by very few companies. If you really like competition, then how is this a fair game?

  5. For most companies, there is only one goal for CEOs — the stock price. When companies make money, most of it goes to executives and stock buybacks. Just use our company as an example: our main business hasn’t grown for years, but the stock price is going up. Why? That’s because the executives cut back our benefits and outsourced. They used the money being saved to buy back stock.

  6. We have the most Fortune 500 companies, and yet they only pay 9 percent of all government income taxes. Let that sink in for a moment. Where did all the money go?

  7. Let’s take insulin as an example. The price of insulin is 8 to 10 times higher than in other countries, yet the cost to make insulin is extremely low. The same logic can pretty much apply to other industries as well.

Overall, if this is really capitalism, then it’s not functioning very well — at least for 90 percent of Americans.


Proof layoff notices are going to go out at Nike soon

Portland Craigslist currently has a lot of Nike Appeal for sale postings. The craigslist posters state their Nike appeal, they want to sale is new or never worn. All the people at Nike who know they are going to get a layoff notice soon are looking for quick cash and unloading their stash of Nike appeal they have been swiping at work for years now.


NSM debacle

Who else enjoyed the CA and AG show? I've never heard such self serving drivel! These two have proven to be among the most toxic "leaders" in recent memory. SL is too new to know how bad they really are. Her Jepordy farce was a complete flop. Alex, I'll take "tell us your sales superpower for 2 cents."


2nd, 3rd levels are unnecessary……

They have no authority to do anything. Many came up from craft years ago. But things have changed. There’s a lot of room to cut payroll. The irony is that the azz hole that created the problem is now the CEO. When is John Stankey going to be held accountable for his incompetence?


Zero Growth, Riskier, Less Salary

Oracle was focusing on being a stable firm. But most of responsibilities where around Oracle concepts like basic Java, Java EE and some opensource areas without much depth in technology or anything.
It doesn't shape the employees with challenges. It doesn't offer you a career trajectory. Doesn't makes you un-fireable (always keep you in fear). Your market value stagnates over years with 2% to 0% hikes.
It has made employees obsolete as the company is pivoting to different area.


Shut it down!!!

I have been reading these posts for months now and everyone is upset, but nobody wants to do anything about it. If you were unionized, you would strike. You can, however, have a sickout and slow things down a lot. Use your PTO time, before you are let go. Let the folks in Penny’s garden roll up their sleeves and try to do the work.


Lions for Lambs

I was watching this movie and it hit me on how well that phrase represents the bank today. I am generalizing here but for the most part it seems that our lions (level X) are being led by a bunch of lambs (level X-1) all the way up top to the CEO (level 1). No wonder the alignment seems OFF and nothing makes sense anymore.


Freedom

It feels weird. Anyone else in the 1/9 group feeling out of sorts? I'm sure I'll settle into it. I'll definitely miss some of my co-workers.

And is it wrong to hope things go to cr-p with so many key, long-term resources out the door, myself included?


Product managers are too incompetent to seize the AI opportunity

Looks like these people are way too exploiting psychopaths so they want their slave humans to ask AI for solutions! So engineers you will never lose jobs, they will smoosh each other and milk companies saying stuff about human to human contact! Communication etc. they are still dependent on engineers to deal with anything engineering


RTO Expansion

I was snooping around Viva Engage and came across a community called “Facilities and Real Estate Services”. From a post on 12/17/2025 there is a Workplace Mobility Overview deck.

On that page 5 of the deck, there are additional sites for the RTO timeline:

Wausau (WI012) - Return date 1/12/26
Metairie (LA013) - Return date 1/12/26
Draper (UT027) - Return date 1/12/26
Atlanta (GA019) - Return date 1/12/26
Columbia (MD101) - Return date 1/12/26
Richardson (TX023) - Return date 2/9/26
Cypress (CA120) - Return date 2/9/26

Has anyone heard more about this?


Layoffs have started at Angi and Tailwind

  • Companies such as Angi and Tailwind have said they're trimming staff this year.
  • Most recently, Angi cited AI as a factor in its decision to shed around 350 jobs.
  • See the list of companies letting workers go in 2026.

https://www.businessinsider.com/recent-company-layoffs-laying-off-workers-2026