With the stock tumbling i don't see any way around than laying off more
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Ford and South Korean will End Join Venture in KY & TN
https://www.reuters.com/business/autos-transportation/south-koreas-sk-ford-motor-end-us-battery-joint-venture-2025-12-11/
MSN article
https://www.msn.com/en-us/money/companies/kroger-s-biggest-pricing-scandal-erupts-as-ftc-heat-puts-24-6b-future-at-risk/ss-AA1S5rcc#image=1
Interim CEO buys house
https://www.cincinnati.com/story/grocery/shopping/2025/12/10/interim-kroger-ceo-buys-boston-home-for-11-5m-report-says/87709886007/
Chromebooks
Why are they giving us computers the equivalent of chromebooks? We need better computers to do our jobs.
What a Chromebook is best for
• Web browsing, email, schoolwork, streaming, Google Docs
• Simple, fast, secure tasks
What are you thoughts on the leadership updates?
With all these leadership announcements, do we think these senior leaders (Manmohan Mahajan (Finance), Lanesha Minnix (legal), Beth Leonard (Corporate Affairs), Erick Rudiak (CISO), etc., to name a few of the most recent ones) all "decided to leave Walgreens" on their own or, do you think Sycamore laid them off?
December LTL
That's great. Great.
Today?
Any RIFs or reorgs today?
Horrible business model
Nowhere is safe in this economy but in over 7 years with PepsiCo my conclusion is this company is one of the most unstable I’ve ever been associated with. And unlike some that made cuts for somewhat plausible reasons - like industry downturns, natural disasters etc, with PepsiCo it’s their approach to prosperity: cover up for blatant mismanagement by senior leadership by slashing rank and file workers. Horrible business model.
An on point post by @a7+1kc2hcctd.
not what I imagined…..
I have been at this company for 5 months and it’s nothing like it was sold to be in my interviews….. the promise of hybrid work just to be forced back into office. The promise of an upbeat environment just for it to be dull most days. I’ve heard through the grapevine that so many people aren’t happy….. Granted it’s better than Wells in more ways than not lol, but Man!? Am I the only person hired in the least year that feels like I was lied to?
Read the Elliott Letter
That is all Stankey is doing
………..
Silence is all we hear. Org changes all over. What’s happening?
Layoffs in IT&V
Does anyone have any insight on headcount reduction coming to Independent Testing & Validation? I’m new to this LOB and don’t have any background knowledge on the inner politics. Thanks.
Now being Spun off
With the announcement yesterday alongside the rebranding a separate email said that the UK&I was to become a separate entity, wonder if eventually it will be sold off?
resident Trump hosts a roundtable with top Tech leaders, including ... Qualcomm CEO Cristiano Amon
President Donald Trump hosts a roundtable with top technology leaders, including IBM CEO Arvind Krishna and Qualcomm CEO Cristiano Amon, to discuss economic growth and deregulation. Krishna commends the administration’s efforts to simplify business operations and...
https://youtu.be/3Ps37tGEdkw?si=qi7yqTHFdb3EeK8F
In the last 30 days…
- Shell walked away from the Argentina LNG deal
- Dropped 2 offshore wind UK projects
- Lost arbitration with Venture Global
- An about face in upstream IDN
With this much winning, I’m sure my stock portfolio will be through the roof!
Google Decision Maker(s) Must Resign in Disgrace
Congratulations Canon, every business school in America will be teaching the “Google Disaster of 2026” case study for generations to come. You will join the likes of Enron, the “New Coke” disaster of the 1980’s, and “Rank & Yank” at General Electric as classic stories of failure and controversy.
The essence of the problem is that the decision-makers do not know, or care, what goes on within the organization. They do not know the tools or use the tools. All they see is the price tag. Need a PP presentation? Secretary will do it. Need a report? Let the bottom feeders pull it. All they say is “collaboration this, collaboration that”. Dude, you can’t even send your own effing emails under your own name. Collaboration doesn’t mean let others do everything for me.
I respect the leaders of small businesses who are in the trenches everyday, hands-on with the daily operations, knowledge of all the systems and processes. Yes, these honorable, hard-working executives do exist, I’ve witnessed it firsthand during my career.
I am absolutely disgusted with how out of touch the decision-makers are at Canon. They don’t care, so neither should you. That’s the way I see it. When employees become apathetic, that’s when the business ceases to exist.
Directly from Google Gemini:
“While Google Workspace is a strong choice for small to medium-sized businesses and those prioritizing real-time collaboration, it may not be appropriate for all large corporations, particularly those with specific needs for deep, complex features, high-level compliance, or existing Microsoft infrastructure.
Potential Shortcomings for Large Corporations:
Feature Depth: Google Workspace applications, such as Google Sheets and Docs, may not be as fully-featured or powerful as traditional desktop applications like Microsoft Excel for complex calculations and specialized functions used by power users.
Existing Infrastructure & Compatibility: Many large enterprises are already deeply integrated into the Microsoft ecosystem (Active Directory, SharePoint, etc.). The cost and disruption of migrating to Google Workspace can outweigh the benefits.
Advanced Administration & Security Controls: While Google Workspace offers robust security and admin tools, Microsoft 365 is often perceived as providing more advanced, granular administrative controls and a long history of enterprise-level security built for highly regulated industries (e.g., finance, healthcare).
Industry-Specific Compliance: For industries that require strict regulatory compliance, the perception is that Microsoft 365 offers more comprehensive and established features, though Google does provide contractual commitments and capabilities to help address requirements like EU data protection laws.
User Inertia: Resistance to change from employees accustomed to the Microsoft suite (Outlook, Word, Excel) can be a significant hurdle to adoption, leading to potential training issues and reduced productivity during a transition.”
Stankey TW-Netflix
https://www.wsj.com/video/att-ceo-not-surprised-by-netflix-warner-deal/BE9CCAD6-870E-4A25-829C-FE43921B35E0
It's nice to see this site not reporting layoffs recently.
It means there are no more layoffs. Or there are no more employees to layoff.
12/10 Town Hall Mega Thread
Use this post to discuss today’s town hall
Actually really like NH
Every interaction I’ve ever had with NH has been good… I am actually optimistic with him stepping into the role. Seems like a win for Finance for to me.
Idea Exchange: Dan wants to hear from you!
Did you get that email this morning too?
WTF...sounds like Hatchet Dan doesn't have a plan?
I would LOVE to send him my thoughts...but I need my severance pay! LOL
It’s so quiet it’s scary
They must still be secretly working on stuff behind the curtain
TMUS under $200. Down over 10% YTD
Thanks Sprint. You are ki-ling another company.
Experience working with ENGINE?
How was your experience been?
Stankey made a mistake?
https://timesofindia.indiatimes.com/technology/tech-news/att-ceo-john-stankey-says-made-mistake-when-told-employees-to-return-to-office-5-days-a-week-or-leave-but-the-message-was-not-wrong-instead/articleshow/125891727.cms
In loving memory of Mike — returns were everything
We successfully became a single purpose hedge fund under his management.
CO/Office shutdown
Stankey mentioned in his presentation that we had successfully completed our first one. Any news on which one? I would think it was a smaller one but anyone with knowledge of how it went, takeaways, etc?
What is new title mapping old to new ?
Lot of people were notified of their new titles this week . What are new titles ?
Severance Package Changes?
With the 401k funding change, could severance packages also change?
Promotions
has anyone noticed all the long overdue title promotions going on out there as of late? seems random. any intel?
ISG Storage Device team got impacted this week
Not sure about others. Nothing says Happy Holidays like a pink slip...nice.
Made it through round 2, 3 rounds left
2 days into the ridiculous new Pepsi plan. 3 to go.
Hey, how are we going to hit plan next year. I’ve got an idea that I think is great. Announcement goes out on Monday about a Reorg. Then let’s fire 15 to 20% of our employees, doesn’t matter if they’re good or not. Then, make people wait up to 5 days to find out their future and offer them a take it or leave offer. Destroy moral and motivation to move the company forward.
What a great idea. That’s why they make the big bucks!
Who built T-Mobile?
Contrary to popular belief, the layoffs did not start with the Sprint Merger, Covid, or change in leadership from John Leger to Mike Sievert. Instead, the demise of T-Mobile and subsequent layoffs started with the exedous of one employee. That employee was so regarded by Legere, Sievert, and the fellow C-Suite, that when DT came to town, they deferred to "them". All of the UC ideas, "them". Home Internet, "them". T-Mobile Tuesdays, "them" - the list is so long, say it with me, "them". That person is long gone - but the shell of "their" company - survives today. It is because of "them",
not Legere, not Sievert, not any of the active leadership, why any of us even have a job still - as without "them", we would have been bought my Marcelo in 2021, not vice-versa. To think we laid this MF off instead of promoting them to CEO....
Making do with less resources
Laying off staff and trying to make do with less resources…
New staff who don’t know much about the job and the company…
Tenured associates with the role and company knowledge gone…
News flash T Rowe, what do you think is going to happen? Who is going to do the work? Who knows how to do the work?
JPM bonus
What are the bonuses going to be? A new cr-pper in the bathroom? The Indian employees are awful and Dave nothing….JPM is a disaster