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Sc--wed up on 401(k)

I had $98,000. Company spun off. Now I have 48,000.

It shows I have nothing in Honeywell technologies. I only have money in Honeywell aerospace.

This is what did. You get one share of Honeywell aerospace for every two shares of Honeywell technology. Which gets this new total. However, I’m supposed to have the rest of the money in Honeywell technology. They don’t have a right to steal $50,000. This is a rough estimate.


In trouble ?

Oracle is the only major hyperscaler funding its AI buildout with massive debt and deeply negative cash flow (compared to cash-rich peers like Microsoft, Amazon, and Google) If backlog conversion stalls or financing terms tighten, the leverage introduces extreme risk


Leveraged Buyout

If you want to know why the company is doing what it is doing, here’s a small lesson in Private Equity and Leveraged Buyouts. Basically, a larger company finds a smaller healthy company that has employees that they are paying well and has invested a lot of money in research and development. They buy that company with debt, fire the workers, disband R&D and offload debt. They then use all the money doing that generates to pay themselves. This has been an ongoing trend the last 20 years and has ramped up in the last 10. This is in turn destroying the working class by making all these companies like zombie versions of themselves.

In the 1970’s when THEY DEREGULATED THE STOCK MARKET AND THE FINANCE INDUSTRY, PRODUCTIVITY DIVERGED FROM WAGES. If we were to bring back the New Deal Reforms from the 50s/60s, we would close the gap of productivity & wages, and it would make normal people wealthier as opposed to bankers and financiers.


Crypto Downturn Fuels Finance Acquisitions, Layoffs

Crypto mergers and acquisitions surged in the first half of 2026. Deal volume reached $9.37 billion, a 26x increase from last year. A Bitcoin market downturn forced many crypto companies to cut staff. Traditional financial firms are acquiring crypto licenses and infrastructure. They prefer buying these assets rather than building them internally.

https://letsdatascience.com/news/wall-street-drives-937b-crypto-ma-amid-layoffs-73c1329d


Things to Do Before a Layoff

Hopefully there won't be any layoffs in the near future, but there are some things you can do to be prepared in advance in the event you are impacted by a layoff.

Do not keep anything personal on your work PC. Usually, when you are laid-off, you lose immediate access to your PC and that may mean losing anything that you had on there that was actually yours. Think photos, personal documents, personal emails, etc.
Keep personal, non—confidential examples of your work, performance appraisals, pay information, raises and other work-related items in a place where you can access it if you can no longer access your work PC. You may need the work examples if you have to look for another job. Again, make sure you are not taking any documents that would be considered company confidential.
Keep an updated list of your contacts that you can access if you lose access to your work PC. Those contacts in your network may be essential if you are looking for work. They may be aware of jobs and can also be references. Or, these are just people you want to keep in touch with.
Layoffs are widespread right now and for many, they are lasting much longer than expected. Do a personal financial review to determine how financially prepared you are for a long layoff. Start putting some emergency money away if you need to.
Update your resume and LinkedIn profile. Get active on LinkedIn and demonstrate your expertise more publicly.
Follow Dan Goodman on LinkedIn. He does a great job in helping people understand their rights as employees and provides excellent advice on a broad range of employment topics.
What are some other things you would recommend to help someone be prepared for a possible layoff?


Finance in IT???

In the name of all that is holy, why is IT Leadership allocating scarce resources (headcount and salary & benefits) to fund this ITBM team? As you might guess this team is part of Strategy & Services department. The people in these positions do not have any real IT experience so you have to hold their hand on every discussion of anything IT related. Look at the salary range of these positions.....REALLY? FOR REAL?

IT Business Management Finance Leader: The expected compensation range for this position is $221,591 - $270,834, which includes base pay plus variable incentive pay, if eligible.

IT Finance Business Analyst:
The expected compensation range for this position is $124,127 - $151,710, which includes base pay plus variable incentive pay, if eligible.


Forbes Report Grades Eight NJ Colleges Financially Troubled

A new Forbes report evaluated the financial health of private, non-profit colleges. Eight New Jersey private institutions received the lowest possible grade, a "D". These schools face concerns about their financial futures. Factors cited include a shrinking pool of high school graduates and enrollment shifts. Several affected colleges stated they have made recent financial improvement

https://www.msn.com/en-us/money/careersandeducation/these-8-nj-colleges-are-in-serious-financial-trouble-new-report-warns/ar-AA25RSz6


Debt fever

As the following article concludes, Oracle has debt obligations around a quarter of a billion dollars.

What is the interest on that amount?
Does everything have to happen perfectly for 15 years to pay that off?
What is plan B?

https://finance.yahoo.com/markets/stocks/articles/oracle-debt-fever-only-prescription-140741343.html


Fitch Revises Mutual of America's Outlook to Stable; Affirms Rating at BBB+

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.


Maria Aspan Exits NPR Finance Role

Maria Aspan, a finance correspondent for NPR, was laid off. She spent two years covering Wall Street, the economy, and corporate power. Aspan joined NPR from Fortune magazine, where she was a senior features writer. Her career also includes reporting for American Banker and Reuters. She has received numerous awards for her journalism.

New York, NY

https://talkingbiznews.com/media-news/npr-finance-correspondent-aspan-among-the-layoffs/


HR & Finance: Over 300-400 people Each (Over 800)

I understand that we have to go through a RIF with Engineering and Products.

However, why do we have so many people in HR and Finance? Not to mention the recruitment department where we currently have no hiring to do, yet there are around 50 people in that team. We also have over 90 people in L&D and 100 in marketing, yet we have had to cut roles in Engineering.

Many tech companies cutting the size of their HR departments - even Uber has done so recently. META and Salesforce too.

This feels like a very targeted and poorly thought through process. Arguably, AI is capable of replacing far more roles in these functions than it is in Engineering and Products.


$9K per month to run a home

I have been trying to record my family’s expenses and with everything included from mortgage to groceries to kids classes and education savings, car insurance to home insurance, it costs around $8K-9K to run a home which keeps my single salary savings to $500 per month. Do you guys see the same too or more? What are your ways to make sure you save more on a single salary?