#news

On Saturday morning, Philip Lewis of HuffPost reported that Boardroom, the media venture founded by NBA star Kevin Durant and agent Rich Klieman in 2019, “has eliminated its full editorial team.” Lewis noted that the staff layoffs were “unexpected.”

https://awfulannouncing.com/nba/kevin-durant-boardroom-statement-staff-layoffs.html

Still reeling from closure of the Anheuser-Busch factory, Fairfield got more bad news recently with an announcement by Ferrara Candy Company that it would be laying off workers at its Fairfield Jelly Belly facilities in the coming year.

https://www.thereporter.com/2026/02/21/jelly-belly-plans-fairfield-layoffs/

After NASA’s current review of the crew capsule space incident, Boeing is done, but is too Arrogant to admit it.

Bloomberg, 2 weeks ago. Qualcomm needs to change.

https://www.youtube.com/watch?v=wdFc2rJb6h8

Yes, that's the message

That's the EPS

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

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/

I believe with that officially on some the locals we’re gonna have something released to us soon .Unsure if it’s good or bad but one things for sure I think the retirement medical people that are out there with the increases are in trouble that’s one subject I don’t think company is gonna move too much we will see but search around you will find some locals actually putting a few things out

DF's buddy who owns Lattitude, is taking over connected vehicle's development. People bailing right and left.

https://kstp.com/kstp-news/local-news/man-found-guilty-of-defrauding-optum-of-over-1-million/

Anyone hear any news or updates?

Breakthru Beverage Group has undergone a “strategic review” of the company’s “overall business,” according to a memo sent to employees by CEO Tom Bené on Tuesday, leading to layoffs of approximately 500 people, sources confirmed to Brewbound.

https://www.brewbound.com/news/breakthru-beverage-lays-off-500-workers-amid-industry-shakeup

New Gold is laying off 85 employees. These layoffs are at the New Afton gold and copper mine. The C-Zone block cave project is mostly complete. The company states these job cuts are part of the project cycle. New Gold expects production growth at the mine for three years.

https://cfjctoday.com/2026/02/17/new-gold-laying-off-85-employees-at-new-afton-mine/

Garlock Flexibles will close two sites. These facilities are located in Massachusetts. Nearly 100 employees will lose their jobs. The company is a flexible packaging firm. Layoffs are scheduled to begin in late April.

https://www.plasticsnews.com/end-markets/packaging/pn-garlock-flexibles-closing-layoffs/

Its been a while since we came here but we are back. So ladies and gentlemen, what is the news?

Any news of layoffs within ECS tomorrow?

What’s up with onsemi selling machines , does it mean anything?

Main Street Sports Group announced the closure of its Minneapolis operations. This action will result in approximately 20 employee layoffs. The layoffs are scheduled to take effect starting April 14. FanDuel Sports Network North broadcasts Timberwolves, Lynx, and Wild games. The CEO stated that NBA and NHL broadcasts will continue as planned.

https://kstp.com/kstp-news/local-news/owner-of-fanduel-sports-network-announces-layoffs-in-minnesota/

I like how the news 9 article said nobody had been let go yet…

https://x.com/TheLayoff/status/2023851970017325106

it's trending...

I keep hearing that Archwell is going to buy the clinics in Florida? So there won't be anymore wellmed or optum clinics. Has anyone heard anything???

Something big is to happen in PI ?

https://www.uri.edu/news/2026/02/r-i-s-economy-has-disappointing-close-to-year-momentum-dissipated-says-uri-economist/

Georgia-based Janus International Group Inc. (NYSE: JBI) — which makes self-storage and commercial industrial doors, relocatable storage units and other storage facility solutions — is initiating a “mass layoff” at its facility at 8018 Breen Drive in Houston.

https://www.khou.com/article/money/business/houston-business-journal/houston-storage-facility-janus-layoffs/285-be4fef4e-e49b-4c78-937f-17938b8d795e

https://variety.com/2026/biz/news/warner-bros-discovery-paramount-skydance-board-bid-netflix-1236664163/?fbclid=IwdGRjcAQAELpleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEedi07M5OTw_-C4AkreI9eONQXAhDT4y1e1dgY62kHS4qi-9-PloLepzKypjE_aem_9SNa7lxdHAvM5wtMgTJPTA

That much is clear right now. March is another story, though.

Has anyone heard anything regarding U.K. layoffs, RTO, pay-outs (similar to the U.S.)?
It's been very hush-hush abroad.

And right on cue ... the piling on begins:

https://rosenlegal.com/submit-form/?case_id=38139

"Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Kyndryl Holdings, Inc. (NYSE: KD) between August 7, 2024 and February 9, 2026, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 13, 2026 in the securities class action first filed by the Firm.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Kyndryl's financial statements issued during the Class Period were materially misstated; (2) Kyndryl lacked adequate internal controls and at times materially understated issues with its internal controls; (3) as a result, Kyndryl would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025; and (4) as a result, defendants' statements about Kyndryl's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages."

Any new changes?

The Los Angeles Unified School District has unveiled key elements of a $1.4 billion “fiscal stabilization plan” that also involves a reduction in force, which could mean job transfers or layoffs.

https://laist.com/brief/news/education/lausd-reduction-in-force-board-layoffs-plan-2026

Layoff notices will go to more than eight teachers and 24 other employees — including 12 instructional aides and eight counseling department staff members — in the Riverside school district.

https://www.pressenterprise.com/2026/02/13/riverside-schools-ok-more-than-30-layoffs-notices-for-next-school-year/

https://theweek.com/cartoons/5-calamitous-cartoons-about-washington-post-layoffs

ttps://the-mcclure-standard.ghost.io/lowes-new-rounds-of-layoffs-may-be-of-interest-to-the-sec/

WOW. Where are all the Ellison cheerleaders who were claiming that he was a super woke lib who was going to keep a huge distance from his Uncle Donald?

Seems pretty obvious that Davey made some promises (and surely some bribes) when he was at the White House, in exchange for government interference on his behalf.

https://variety.com/2026/film/news/paramount-skydance-hires-trump-lawyer-rene-augustine-svp-global-public-policy-1236662748/