#news

This potentially makes arm a monopoly, and with Softbank blocking career mobility to Graphcore, things could get very constrained for engineers in the UK

https://youtube.com/shorts/zidJDw00ZYo

https://www.youtube.com/watch?v=pa5VBV7FjkY

The Federal Reserve Board on Thursday confirmed the termination of a 2018 consent order against Wells Fargo (WFC).

Under the 2018 enforcement action, the bank was required to demonstrate improvements to its governance and risk management program and complete two third-party reviews of the improvements.

Also, the regulator had imposed an asset cap, which was removed in 2025.

The consent order was placed on the company in punishment for the fake-account scandal and other deceptive sales practices that came to light in 2016.

The banking giant is said to have pursued a business strategy that prioritizes growth without ensuring appropriate management of all key risks. Wells Fargo did not have an effective firm-wide risk management framework in place that covered all key risks.

In response, the board had said it will restrict growth of the firm until WFC sufficiently improves its governance and controls.

The 2018 consent order was the only remaining consent order against the San Francisco-based bank.

https://seekingalpha.com/news/4561367-fed-board-ends-2018-enforcement-action-against-wells-fargo

https://www.healthcaredive.com/news/mount-sinai-anthem-elevance-contract-ends/813816/

As usual they are blaming Mount Sinai - just keeps getting worse for this place - CMS now this

The payer said that Mount Sinai had agreed on price increases but wanted Anthem to remove “contractural safeguards” protecting patients and employers from “billing errors and unnecessary costs.”

“These negotiations are about more than rates. They are about Anthem’s chronic denials of medically necessary care, delayed payments, and administrative practices that create barriers for patients and physicians alike,” Mount Sinai said in a statement on its website.

https://www.bloomberg.com/news/articles/2026-03-05/oracle-layoffs-to-impact-thousands-in-ai-cash-crunch

• Nine vessels attacked since U.S.-Iran conflict began
• BP evacuates foreign staff from Iraqi oil field due to drones
• Putin considers halting gas exports to Europe

7-Eleven To Open 600 New Stores by 2027 (And They’re Getting a Serious Upgrade)

https://financebuzz.com/7-eleven-new-stores

Is that now official?

Hi all, I ran a second story on the lawsuit and arbitration process. Information is still very scant, but a source at Avaya alleges that it discovered a C1 document called “The Great Migration.”

If you have any insights, email me at janderson@industrydive.com

https://www.channeldive.com/news/mystery-avaya-c1-lawsuit-arbitration-genesys/813551/

https://www.reuters.com/business/media-telecom/us-agency-considers-limits-telecom-foreign-call-centers-requiring-english-2026-03-04/

The Pittsburgh Post-Gazette officially informed Pennsylvania of its pending closure. PG Publishing Co. filed a Worker Adjustment and Retraining Notification. The newspaper will cease publication on May 3. All 171 employees will be laid off starting May 4. Block Communications cited significant financial losses and court rulings for the decision.

https://www.pennlive.com/business/2026/03/1-of-the-largest-newspapers-in-pa-informs-state-it-is-shutting-down-171-employees-to-be-laid-off.html

Ssense reported 215 layoffs last month to the Quebec government. This brings the total to 307 layoffs over the past year. The luxury online retailer filed for bankruptcy protection in August. Founders recently received court approval to buy back the company. Lenders opposed the buyout, favoring liquidation for debt recovery.

Montreal, Quebec

https://montrealgazette.com/business/local-business/ssense-reported-over-200-layoffs-last-month-to-quebec-government

Paramount Global has had its credit rating downgraded to junk status by Fitch Ratings due to concerns about the large amount of debt it will take on after acquiring Warner Bros. Discovery. The planned $110 billion deal would leave the combined company with at least $79 billion in debt. Fitch lowered Paramount’s rating from BBB- to BB+ and placed the company on negative watch, citing uncertainty about how the merged company will manage its financial obligations and integrate such a large media operation.

If the deal moves forward, Paramount would absorb major assets including CNN, HBO, TBS, and Cartoon Network. The new company is expected to be led by David Ellison with backing from Skydance Media. However, the large debt burden could increase borrowing costs and create pressure to reduce spending or sell assets as the company works to combine the two media giants.

https://www.latimes.com/entertainment-arts/business/story/2026-03-03/paramount-credit-downgraded-to-junk-status

Any news from the Company on the current situation? I’m sure they’re extending their usual comforting transparent communication.

https://youtu.be/ApBnRnGFht4?si=lGmO5anh_7xoGAUk

I’m hearing Q1 is not good

https://finance.yahoo.com/news/reddit-still-furious-t-47-125619599.html

Breaking news — all divisions have been told to submit their RIF lists within one week only. Mainly they are targeting poor performers, those difficult employees and also the highest paid people in high cost locales. This latest global round will be executed sometime next month.Be prepared.

No context, just stuff hitting the you know what.

Ken is out and Ken is in as CFO.

https://www.l3harris.com/newsroom/press-release/2026/03/l3harris-appoints-ken-sharp-senior-vice-president-and-chief

back over $150!

https://www.bloomberg.com/news/articles/2026-03-02/sap-reorganizes-board-as-ceo-klein-to-focus-on-developing-ai

Could not find any evidence Nike bought another building in India.

What do you think will be the impact for Cloud Software Group ?

Seventy-two people are slated for cuts. A WARN has already been issued, with layoffs effective April 21. At least it gives those impacted some time to prepare. Wishing the best to everyone affected. The job market is not exactly easy right now.

63 in orlando today:
https://www.bizjournals.com/orlando/news/2026/02/27/l3harris-layoffs-orlando-sale-perimeter-solutions.html

#TrustedDisruptor

https://finance.yahoo.com/news/unitedhealth-caps-employee-pay-raises-180024516.html

Some of us go to work with the hopes that Intel will get a lucky break and things will stabilize. Some of my coworkers are great to work with, and I've worked for some great managers. We were starting to see a glimpse of light at the end of the tunnel and the light had now gone out again. I'm thinking that HR will let lay me off this year, as I now fall within the rule of 75.

Nvidia enters the data center CPU space to compete with Intel and AMD.
https://finance.yahoo.com/news/nvidia-is-moving-in-on-intel-and-amds-home-turf-191711635.html

Meta partners with Nvidia; moving to Arm-based CPUs.
https://www.marketwatch.com/story/why-nvidias-deal-with-meta-is-an-intel-ki-ler-according-to-this-analyst-a531f80d

Intel Foundry Manager walks off Intel's sinking foundry ship to join Qualcomm.
https://www.techpowerup.com/346814/intel-foundry-manager-kevin-obuckley-departs-for-qualcomm

China Is Flexing Its Rare Earth Muscle
https://www.tipranks.com/news/china-is-flexing-its-rare-earth-muscle-as-ge-intel-and-nvidia-face-supply-risk

Nova Lake delayed until 2027.
https://www.tweaktown.com/news/110235/intels-next-gen-nova-lake-s-desktop-cpus-reportedly-delayed-until-ces-2027-it-seems/index.html

https://www.linkedin.com/posts/kyriasoglou_sap-rolled-out-a-new-system-for-stock-based-activity-7433044158757584896-8ztd?utm_source=share&utm_me

or direct link to article (behind Bloomberg's paywall)

https://www.bloomberg.com/news/articles/2026-02-27/sap-s-new-bonus-system-ended-up-rewarding-underperforming-bosses?embedded-checkout=true

Well here come more layoffs! Anyone have details about Service?

Or are we enjoying a well-deserved break right now?

Been quiet in the UK so far, anyone know anything?

https://www.charlotteobserver.com/news/business/article314733473.html

Anyone heard of layoffs coming this quarter? It was this time last year when we had the last big round so fingers crossed it isn't happening this year on the same scale.

It’s getting to be that time again. I’ve been hearing rumblings about layoffs coming next month… any news?

Should we expect more layoffs? Has anyone heard anything?

https://www.jchs.harvard.edu/press-releases/remodeling-growth-set-downshift-late-2026

More decline ,in what matters for home improvement .Lowe's can sell t shirts ,candy and adult novelties .It is not their core business ,which Mr M has abandoned .