#news

https://www.fool.com/investing/2025/10/03/where-will-ups-be-in-1-year/

I guess most if not all of this article seemed to be available from the link I've pasted below.

But it didn't really convey any news other than "I'm not dead yet". Maybe someone with better reading comprehension / oiji board skills than myself can tell me the big news contained herein.

https://www.bizjournals.com/triangle/news/2025/10/01/cary-sas-ipo-artificial-intelligence-jim-goodnight.html?csrc=6398&link_source=ta_first_comment&taid=68dd33f5f5bfd20001db1ca5&utm_campaign=trueAnthemTrendingContent&utm_medium=social&utm_source=facebook&fbclid=IwY2xjawNKGhNleHRuA2FlbQIxMABicmlkETF2TjlLWTBPNkVMemtjSTVqAR4ptyAs0Oqrk0jB8Avtwg6Yn4gzNVt2NUmMQ7DHkhkNkRMMz-rESj4DEqAnXw_aem_x82wTJAKJiP9R3P3_STGfQ

https://finance.yahoo.com/news/tgt-target-stock-pops-takeover-161641769.html

https://www.crn.com/news/security/2025/ibm-s-suja-viswesan-on-the-future-of-qradar-siem-and-the-post-quantum-security-journey

Very high buzzword density, "AI" 9 times.

https://thegamepost.com/canceling-xbox-boycott-game-pass-price-increase-microsoft/

https://www.theregister.com/2025/09/08/red_hatters_to_be_big/

If MG is riding shotg-n, it can only be worse news.

Xerox Sues Premier Copier, Inc. Over Fake Leases and Kickback Scheme.
https://tonernews.com/forums/topic/xerox-sues-premier-copier-inc-over-alleged-fake-leases-and-kickback-scheme/
#print #printer #toner #tonercartridges #tonercartridge #InkCartridges #Printing #Ink #printercartridges #copiertoner

So Farley admits EV sales are doomed when you and your neighbors stop subsidizing them?

https://www.cnbc.com/2025/09/30/ford-ceo-jim-farley-ev-incentives.html

https://www.businessinsider.com/intuitive-silicon-valley-medtech-company-pauses-h-1b-hiring-2025-9

Hearing rumblings about weekly WFRs underway, any numbers or specific depts?

https://www.businessinsider.com/intuitive-silicon-valley-medtech-company-pauses-h-1b-hiring-2025-9

Any news on when McKinsey will depart so we can all get back to work? It would sure be nice to focus on work instead of meeting with them daily simply so they can provide our leadership with a fictitious projection for savings. I no longer even try to provide them with accurate information since we all know they are serving as middle management in Chevron now. Of course, their very survival depends on drumming up more fictitious projects.

This is what they hope / think / expect may happen - extreme (they use that word, yes) offshoring and near-shoring (to the East and to the South, respectively):

"Such a rush could lead to "extreme offshoring" in some cases, said Ramkumar Ramamoorthy, a former managing director of Cognizant India, adding that the COVID-19 pandemic had shown key tech tasks could be done from anywhere."

"If Trump's visa curbs go unchallenged, industry experts expect US firms to shift high-end work tied to AI, product development, cybersecurity, and analytics to their India GCCs, choosing to keep strategic functions in-house over outsourcing."

"Either more roles will move to India, or corporations will near-shore them to Mexico or Colombia. Canada could also take advantage," said the India head of a retail GCC."

"While the $283-billion IT industry that contributes nearly 8% of India's GDP may feel the strain, surging demand for GCC services could cushion such a blow, however."

"Lost revenues from H-1B visa reliant businesses could be somewhat supplanted by higher services exports through GCCs, as US-based firms look to bypass immigration restrictions to outsource talent," Nomura analysts said in a research note last week."

More in the article: https://www.ndtv.com/world-news/us-firms-to-consider-shifting-work-to-india-as-trump-hikes-h1-b-visa-fee-9369365

Jensen ("it's too high", poor Jensen): https://www.businessinsider.com/jensen-huang-nvidia-trump-100k-h1b-visa-price-high-immigration-2025-9

What if the NYT covers how Americans have been losing their jobs instead?: https://www.nytimes.com/2025/09/29/business/india-h1b-visa-trump.html

Same with this outlet: https://www.msnbc.com/top-stories/latest/trump-h1b-visa-fee-brain-drain-rcna234471

This is Bee Ees, Canadians and Germans have been complaining about them losing their jobs to foreigners, but poor foreigners, hey: "But now, for many, it’s simply not worth it. An Indian computer science graduate in Texas told Reuters: “I’ll move to Canada or Europe — anywhere that actually wants us.” And other countries do want them: China, Germany and other nations are rolling out new incentives to scoop up the same talent the U.S. is now pushing away."

The unemployment lines in Canada are getting longer and longer. In Germany, unemployment hits 14-year high. For example: https://money.usnews.com/investing/news/articles/2025-09-30/german-unemployment-rises-more-than-expected-in-september

My entire point is that media outlets don't inform, they push narratives and we need to be skeptical and do our homework (everyone, regardless of pol it i cal leaning).

Story by Katherine Hamilton

Imperial Oil plans to reduce its workforce by 20% by the end of 2027.

The job cuts, along with broader restructuring efforts, are expected to save $150 million a year by 2028, the Canadian oil company said Monday.

Imperial had 5,100 regular employees at the end of 2024, according to its annual report.

The other restructuring efforts include working more closely with its major shareholder, ExxonMobil, to drive productivity improvements, including higher production, reduced downtime, lower unit operating costs and better project planning. Imperial also said it plans to further consolidate activities to its operating sites.

The Calgary, Alberta, company expects a one-time restructuring charge of $330 million before taxes in the third quarter. Its 2025 guidance is unchanged.

https://www.msn.com/en-us/money/markets/imperial-oil-to-cut-20-of-workforce-in-next-two-years

https://www.reuters.com/sustainability/exxon-mobil-cut-2000-jobs-bloomberg-news-reports-2025-09-30/

Stupid idea in the first place.

https://www.bbc.co.uk/news/articles/ce84e4egp38o

On products (Trump tariffs) -

Wall Street (has not) up to this point taken into account Trump tariffs, but they will; by Early-Mid 2026 (at the latest).

Trump tariff (effects) does include things like auto, and property insurance (due to the cost of paid-out claims) housing, food, utilities, and the list; goes on.

The U.S. consumer.

Has and (will) pay the price.

Retailers will spread the Trump tariff costs among (both) tariffed, and non-tariffed products; as time goes on.

Trump just (ramped up) tariffs on lumber.

Prices will remain (slotted high) proven by Covid even after the supply chain issues were resolved.

Even if Trump loses his U.S. Supreme Court case in November (with Treasury (Bessent) refunding Billions to Importers (with Interest) because the U.S. government has held their funds away from them).

Trump will try (another route) to get his "Retaliatory" other country, and sector-based tariffs done.

Expect a (Major Downwards correction) in the stock market (it is coming) in the future within the next few months, at the latest; it could be much sooner.

Boeing will receive limited delegation from the U.S. Federal Aviation Administration (FAA) to issue airworthiness certificates for some of its 737 MAX and 787 airliners, the agency said.

https://skiesmag.com/news/faa-boeing-may-issue-airworthiness-certificates-for-some-737-max-787-dreamliners-under-limited-delegation/

https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3340898?utm_medium=cpc&utm_source=google&utm_campaign=SNL_Banker_Search_Google&utm_term=&utm_content=298712797329&gclid=EAIaIQobChMIt4TV-6PM8wIV3G1vBB1LVgzKEAAYASAAEgIVr_D_BwE

Sen. Tom Cotton (R-AR) will introduce a bill on Tuesday that would sharply reduce the number of H-1B migrants working in U.S. white-collar jobs.

The bill, to be announced Tuesday morning, would begin to count visa renewals as new visas, so ending the current practice of allowing unlimited renewals for most of the 85,000 visas granted to companies each year.

The unlimited renewals policy allows roughly 750,000 H-1B visa holders to retain white-collar, career-track jobs that would otherwise have gone to young U.S. graduates. Without the exemption, the number of company-employed H-1B visa holders would drop to roughly 250,000.

The Cotton bill would also end the policy of exempting H-1B visas from the 85,000 limit if they are awarded to non-profits, which include corporate-affiliated research centers, universities, hospitals, and government K-12 teaching jobs. The non-profit H-1B workforce is large and growing and is also harming many young Americans who are both skilled and eager for careers in laboratories, hospitals, lecture halls, and classrooms.

A 2016 count by Breitbart News showed that roughly 100,000 H-1B and J-1 visa workers were employed by the non-profit sector.

“Colleges and universities shouldn’t get special treatment for bringing in woke and anti-American professors from around the world. My bill closes these loopholes that universities have abused for far too long,” Cotton said in a press statement.

Cotton’s draft bill would pressure companies to accept job applications from the growing lack of underemployed and unemployed American STEM graduates.

“Reducing the number of foreign workers being imported to replace American workers is a good thing,” said Rosemary Jenks, cofounder and policy director of the Immigration Accountability Project. “But the H-1B program needs to be eliminated,” she added.

The bill joins the rush of other reform plans being pushed by Sen. Jim Banks (R-OH), Sen. Eric Schmitt (R-MO), Sen. Chuck Grassley (R-IA), and by President Donald Trump.

“The large-scale replacement of American workers through systemic abuse of the program has undermined both our economic and national security,” said the September 19 proclamation by Trump establishing modest curbs on the H-1B program:

The number of foreign STEM workers in the United States has more than doubled between 2000 and 2019, increasing from 1.2 million to almost 2.5 million, while overall STEM employment has only increased 44.5 percent during that time. Among computer and math occupations, the foreign share of the workforce grew from 17.7 percent in 2000 to 26.1 percent in 2019. And the key facilitator for this influx of foreign STEM labor has been the abuse of the H-1B visa.

The abuse of the H-1B program is also a national security threat. Domestic law enforcement agencies have identified and investigated H-1B-reliant outsourcing companies for engaging in visa fraud, conspiracy to launder money, conspiracy under the Racketeer Influenced and Corrupt Organizations Act, and other illicit activities to encourage foreign workers to come to the United States.

A recent survey showed that a large majority of Democrat-leaning tech professionals see the H-1B program as a threat to their careers.

The survey reported 56 percent of the Americans polled said “they view H-1B visa holders as direct competitors for jobs.” Sixty percent of U.S. citizens said that “U.S. citizens and green card holders should be given hiring priority.”

Adam Mitchell thought he was doing everything right. He majored in computer science at Georgia State University and interned at State Farm doing web development. He’d been told since he was a teenager that a degree in computer science was a guaranteed path to a high-paying job right out of college.

“I was under the impression that since I’ve got three years of internship experience under my belt, this will be a cakewalk,” Mitchell said. “I was pretty quickly humbled. There’s nothing available.”
More than seven months after graduating, he’s applied for more than 100 jobs and gotten two interviews and only one job offer — for the 4 a.m. shift at Starbucks, which he didn’t take because the hours would make it too hard to pursue other opportunities. Among the jobs that turned him down: an hourly role at Costco and a customer service job in the call center at State Farm.

“I’m just kind of looking for anything,” he said. “I don’t know if the tech-side economy is ever going to be the same again.”

https://www.detroitnews.com/story/business/autos/ford/2025/09/25/worker-at-ford-battery-plant-sues-for-unpaid-time-putting-on-footwear/86350728007/?gnt-cfr=1&gca-cat=p&gca-uir=true&gca-epti=z115734p116050c116050e008200v115734b0055xxd005565&gca-ft=37&gca-ds=sophi

https://www.removepaywall.com/

Fines for discriminating against Americans.

https://www.justice.gov/opa/pr/civil-rights-division-fines-tech-company-200000-discriminating-against-us-workers-part

https://www.cio.com/article/4062711/product-changes-likely-as-oracle-faces-an-estimated-10000-more-layoffs-by-december.html

A BioSpace tally indicates recent and planned layoffs from Novo Nordisk, Merck, BMS, Bayer, Pfizer, and Novartis could exceed 39,000 roles worldwide. Cuts span administrative, R&D, and manufacturing sites across New Jersey, Pennsylvania, Washington, Ireland, the U.K., and more.

Companies cite restructuring, cost savings, and portfolio focus as drivers, while continuing to invest in growth areas like obesity, diabetes, AI infrastructure, and select therapeutics.

https://www.biospace.com/job-trends/layoffs-from-just-6-pharmas-could-wipe-out-over-39-000-jobs

• Companies and locations affected: Novo Nordisk - Plainsboro NJ and Denmark, Merck - Rahway NJ and U.K., Bristol Myers Squibb - Lawrenceville NJ, Bayer - Germany, Pfizer - U.S., Ireland, U.K., Novartis - East Hanover NJ and Switzerland

Kaiser nurses picket in Vallejo over layoffs, staffing, and AI

Nurses rallied outside Kaiser’s Vallejo facility, citing layoffs, staffing shortages, and concerns about AI tools such as virtual sitter programs. A recent announcement to lay off 42 nurses in San Rafael heightened fears of broader cuts.

Kaiser states it meets staffing regulations and that AI does not replace clinical judgment. Nurses argue patient safety demands more in person staffing and warn of long wait times in local facilities.

• URL: https://www.vallejosun.com/vallejo-kaiser-nurses-picket-to-address-layoffs-staffing-shortages-and-ai/

• Organizations and locations: Kaiser Permanente - Vallejo CA, San Rafael CA, California Nurses Association - statewide California

With a potential Michigan government shutdown approaching, state employees have not received clarity on temporary or permanent layoffs, unlike prior near shutdowns. Union leaders call for humane notice while leaders work toward a budget deal.

Rule changes on temporary layoffs under the Michigan Civil Service Commission reduce notice obligations for short duration furloughs, increasing uncertainty across agencies and public services.

URL: https://bridgemi.com/michigan-government/state-workers-left-in-dark-as-michigan-shut-down-layoffs-loom/

• Organizations and locations: State of Michigan - Lansing MI, University System references by unions, House and Senate leadership

Reynolds School District weighs cuts to avoid midyear layoffs

Facing a 5.5 million dollar budget gap, unions in the Reynolds School District proposed cutting two days from the calendar to save about 1.1 million dollars, aiming to avert disruptive midyear layoffs.

District leaders say the savings would not close the hole and have proposed unpaid days that union members rejected. The budget talks continue amid broader fiscal strain.

https://www.oregonlive.com/education/2025/09/as-oregon-school-district-faces-midyear-layoffs-unions-float-cutting-2-days-from-the-school-calendar.html

• Organizations and locations: Reynolds School District - Multnomah County OR, unions representing teachers and support staff

Comcast plans job cuts in Connectivity and Platforms

Comcast is preparing layoffs across its broadband, mobile, and pay TV unit, removing a management layer between corporate and regional teams starting in January. Customer service and retail positions are reportedly exempt.

The shift follows broadband subscriber losses and prior reports of cuts at Sky in the United Kingdom. Analysts view the move as part of streamlining and standardizing pricing.

https://www.fierce-network.com/broadband/report-comcast-says-layoffs-are-looming-its-connectivity-biz

• Companies and locations: Comcast - Connectivity and Platforms segment, Sky - United Kingdom

A wave of layoffs will affect hundreds across Texas. Sunny Glen Children’s Home in Raymondville is cutting 424 jobs. Hill & Smith will close its Garland plant and move operations to La Mirada California. Amazon delivery contractor Accelore Solutions will cut 214 roles in Fort Worth and Mesquite. Dynasty Healthcare Group will shut a Richardson facility, affecting 70 jobs.

Corporate headquarters moves and consolidations continue in North Texas, with earlier announcements including Neiman Marcus and Di-kies exiting Dallas. The cuts span logistics, manufacturing, and healthcare.

URL: https://www.mysanantonio.com/business/article/mass-layoffs-texas-21065322.php

Companies and locations affected: Sunny Glen Children’s Home - Raymondville TX, Hill & Smith Inc. - Garland TX to La Mirada CA, Accelore Solutions - Fort Worth TX and Mesquite TX, Dynasty Healthcare Group - Richardson TX, Neiman Marcus - Dallas TX, Di-kies - Dallas TX

Oregon employers have cut more than 11,000 jobs since 2024, matching Great Recession levels. Roseburg Forest Products is closing its hardwood plant in Dillard, eliminating 107 positions, while large employers like Intel and UPS have trimmed headcount across the Portland area.

Companies and locations: Intel, UPS, Wells Fargo, Albertsons, Fred Meyer, Roseburg Forest Products - Dillard OR, statewide Oregon - Portland metro, Astoria, Baker City, Milwaukie, Medford

Layoffs are spread statewide, but Portland sees the largest share. Despite the cuts, the state unemployment rate near 5.0 percent suggests many workers have found new roles, though specialized industries and smaller communities face mounting challenges.

https://www.oregonlive.com/business/2025/09/oregon-is-enduring-a-historic-wave-of-job-cuts-heres-where-the-layoffs-are.html

The Polynesian Cultural Center in Laie, Hawaii will lay off 10 percent of its full time staff, about 15 to 25 employees, citing a tourism downturn and reduced attendance. Notices indicate employment ends Sept 30, 2025.

Regional forecasts point to a mild recession in Hawaii with declining visitor arrivals and spending, adding pressure on attractions like PCC. Some affected staff could be rehired if visitor volumes rebound.

https://www.kitv.com/news/polynesian-cultural-center-to-lay-off-10-of-employees-amid-tourism-decline/article_77768879-ce36-4add-9d73-487de248844e.html

• Polynesian Cultural Center
• Laie HI - North Shore Oahu
• University of Hawaii Economic Research Organization

900 by 2027

https://x.com/TheLayoff/status/1972762995156713892

https://x.com/TheLayoff/status/1972761080318529616

Has Exxon or Imperial Oil mgmt made any statement about ownership changes? I am tracking Imperial's board (it's on fire BTW as they are going through massive cuts this afternoon) and there are many rumors about this?

Post for live commentary and key insights

Accenture CEO Julie Sweet told analysts that the company is “exiting people on a compressed timeline where reskilling is not a viable path for the skills we need.” She further added that the company will quickly align its workforce with client demand for AI-driven solutions. This means that Accenture may will have let go off some more employees who cannot be retained at that time. https://timesofindia.indiatimes.com/technology/tech-news/accenture-fired-11000-employees-ceo-julie-sweet-warns-exit-or-/amp_articleshow/124160673.cms

https://www.highereducationinquirer.org/2025/08/pigs-on-parade-university-of-phoenix-ipo.html