#news

What do y’all think of this news? Any truth to it?

https://www.galvnews.com/news/federal-agency-denies-bp-ultra-deepwater-drilling-project-in-gulf-for-now/article_25f461a4-5bf8-5f36-8347-85a82f3acf7c.html

https://techrights.org/n/2025/09/05/Many_of_the_Red_Hat_Employees_Are_Still_Looking_for_Work.shtml

The list of major companies laying off staff this year includes Oracle, Kroger, Nike, Scale AI, and more

Ally is cutting less than 5% of workers.
The digital-financial-services company Ally is laying off roughly 500 of its 11,000 employees, a spokesperson confirmed to BI.

"As we continue to right-size our company, we made the difficult decision to selectively reduce our workforce in some areas, while continuing to hire in our other areas of our business," the spokesperson said.

The spokesperson also said the company was offering severance, outplacement support, and the opportunity to apply for openings at Ally.

Ally made a similar level of cuts in October 2023, the Charlotte Observer reported.

https://www.msn.com/en-us/money/companies/the-list-of-major-companies-laying-off-staff-this-year-including-blue-origin-meta-and-microsoft/ss-AA1xcc8H?ocid=finance-verthp-feeds

https://x.com/thejobchick

"Oracle Layoffs are intense.

• Entire orgs are getting blindsided.

Cloud, Comms/Marketing, Engineering, Ops, Sales
Directors, ICs, even SVPs - all levels.

Remote and in-office. Top performers. Doesn’t matter.
People with 7, 13, 18, 20+ years at Oracle… gone!!

I was told- If you got the email for saying 'Project Updates' - that’s the bait.

You join the call.
An HR rep read a statement.
Access cut within 5 minutes.
Laptop wiped. That’s it.

• Some management didn’t even know.
• RIF decisions weren’t made by your manager.
• Not even your manager’s manager.

People found out their reports were laid off AFTER the fact... then they got cut next.

SaaS execs were reportedly told:
“Cut 10–12% of workforce by end of year.”

And yes, I'm being told some H-1B workers are being impacted as well.

This morning:

• SVPs laid off
• Longtime employees ghosted by leadership
• 1/3 of some teams already gone"

==============================================================

Other posts say Oracle Bangalore employees are working 1-2 hours daily and VPs visit the office 1 day a week only. True?

Oracle stock down almost $20 in the last week.

No comments here yet 👀

https://variety.com/2025/tv/news/nielsen-tv-ratings-need-more-time-streaming-1236504233/

Amazon.com must face a class action on behalf of hundreds of millions of U.S. consumers over claims that the online retail giant overcharged for products sold by third-party sellers, a federal judge in Seattle has ruled. U.S. District Judge John Chun in an order unsealed on Friday certified a nationwide class involving 288 million customers and billions of transactions, marking one of the largest-ever in the United States.

The class includes buyers in the United States who purchased five or more new goods from third-party sellers on Amazon since May 26, 2017. The consumers' 2021 lawsuit said Amazon violated antitrust law by restricting third-party sellers from offering their products for lower prices elsewhere on rival platforms while they are also for sale on Amazon. Amazon's policies have allowed the company to impose inflated fees on sellers, causing shoppers to pay higher prices for purchases, the lawsuit said. Amazon has denied any wrongdoing. It has already appealed Chun's class certification order, which was first issued under seal on Aug. 6.

Amazon argued that the class was too large to be manageable and that the plaintiffs failed to show its alleged conduct had a widespread effect. Amazon also said that since 2019 it has not used a pricing program that the plaintiffs challenged. Chun found there was no evidence at this stage that the size of the class was overbroad. Other federal courts had certified class actions with millions or hundreds of millions of class members, the judge said.

• An Arkansas jury sided with plaintiffs in a class action lawsuit against State Farm Insurance alleging it shortchanged customers on claims.*

https://www.wboc.com/news/state-farm-insurance-held-liable-in-class-action-suit/video_b78e33b3-4d3c-57f5-a8b6-54d4f47c008d.html
Sep 2, 2025 Updated 4 hrs ago
__

Take a page out of this woman's book. She was sc--wed out of just under $600 on her Total Loss, and she started a 47k person class action lawsuit as the lead Plaintiff in a Arkansas. "It was more about principle, than money." She drove a Hyundai, lives in Arkansas, and is missing some teeth in the front of her mouth. Shoulda gave her the $600 SF...

Antitrust war won.

https://www.theregister.com/2025/09/03/google_doj_antitrust_ruling/

Mutual of America Financial Group Data Breach – Investigated by Federman & Sherwood
Oklahoma City, Oklahoma (August 22, 2025) – The law firm of Federman & Sherwood announces that it is investigating a data breach involving Mutual of America Financial Group, which recently filed a notice of data breach with the Attorney General of California.

According to the company’s notice, on July 22, 2025, Mutual of America inadvertently.

So spill the tea, who is the paramour?

https://www.nytimes.com/2025/09/01/business/nestle-laurent-freixe-inappropriate-relationship.html?smid=nytcore-ios-share&referringSource=articleShare

According to chatter circulating within legal, it appears Truist has reached a settlement in the "Chucky Doll" lawsuit, paying $50K to a former employee. The crux of the lawsuit stemmed from the plaintiff's claim that her mental health, which was protected under the ADA, was severely impacted when a teammate placed a Chucky doll in her chair, triggering a psychological breakdown. She was fired from Truist shortly thereafter.

If you've been on the fence about taking legal action against Truist, this could be the push you need. The company has caused irreparable harm to countless employees, negatively affecting their mental health and overall well-being. Hopefully, this settlement will inspire more individuals to pursue legal claims, leading to a wave of lawsuits across the nation!

The following transcript is Q/A with “Pondscum” in 2015 along with a 2017 YouTube video of him practicing the same talking points he spouts today. This parrot needs a new cr--ker.

https://youtu.be/vxs9phSWz_U

After the event, I caught up with David and asked him a few questions:

Can you tell us a little bit about your role as Citi's Head of Productivity?

I am often delighted, though not so surprised when people ask me what "Productivity" means. It gives me the opportunity to talk about the work we are doing every day across Citi, taking our execution to the next level, and delivering on our mission as an enabler of progress. It makes for a lively, engaging conversation on new enterprising ideas we should scale across our global organization.

I am most grateful for the relationships I've developed working with smart, passionate, globally-minded leaders. It's one thing to deliver exceptional results responsibly. It's another to deliver them with imagination and determination. These are important characteristics that I value as I think about how to find and create more opportunities for our future global leaders.

Why is productivity so critical to an organization?

Productivity's goal is to tap into the strengths of our franchise and seek to continuously improve how our bank operates – for our clients, our shareholders, our communities, and for all our employees. This means helping the firm meet its financial targets by digitizing our core franchise processes, developing new capability-building tools to make better informed decisions, and creating new development opportunities for our best people.

At Know Your Value in Washington, D.C., you offered key tips for a successful interview. Can you highlight your top three?

Show intellectual curiosity and ask insightful questions. We live in a world where practically anything can be "Googled," so sometimes being able to answer a question is easier than knowing the right questions to ask. To differentiate candidates, I'm always looking for people who bring an inquisitive edge, an insatiable curiosity, and are also prepared to ask challenging questions – as much as I'm looking for leaders who are capable of chasing the right answers and solving tough problems.
Be a safe investment. We have seen over recent years the extreme dangers of ethical lapses that affect not only individuals, but also teams and institutions. As a hiring manager, I have a long-term outlook on the people I invest in because my team reflects on me and my peers and my company as much as my actions reflect on them. We at Citi are all one team. Volatility might be desirable to some extent in our financial markets – but not in the hiring process. As an organization of nearly a quarter million people, we need to remember how we represent each other and our respective families. To that extent, I am looking to invest in people who have the right balance of quality growth and intelligent risk-taking.
Focus on your potential. People are often too fixated on what they have achieved versus what they are capable of achieving. As someone who has been privileged and blessed to be given opportunities and challenges I never truly felt ready for, I encourage leaders to think less about being a perfect fit for any job, but instead demonstrate your appetite and willingness to adapt and learn on the job and tackle challenges you haven't yet mastered. That is, after all, the way we grow.
The Know Your Value event is focused on actionable lessons for becoming your own best advocate, and women's advocacy in particular. What advice do you have for increasing women representation at the senior level?

Whenever I hear a question like this, I immediately think about the advice I would give my daughter when she enters the work force. I would tell her to align herself with someone who is effective and understands that his or her achievement is reflective of hers; to always look for assignments that make her uncomfortable enough that she can develop and learn the skills for the next job; and finally, to focus on her potential and where she wants to be next year versus where she fits today.

At the same time, as my daughter has many more years to go until she starts a career, I think about the things I can do as an individual to pave the way. As someone who has seen his fair share of tough problems and turnaround challenges, I can tell you that this is a philosophical and tactical challenge that will require patience and a great deal of effort from everyone. First and foremost, this requires a commitment from all levels of an organization, particularly at the top, for meaningful change. I am encouraged by much of what we're doing across the company – women represent 52% of our workforce, 24% of senior managers (C15+) and 25% of Manager Director promotions this year – and we have an opportunity to make even greater strides and set the benchmark for other financial institutions.

If I can be potentially provocative philosophically – we often focus too much on the diversity of the C-Suite, and not enough on the opportunities that lead to more female representation there. In fact, there are so few C-Suite positions for both genders to begin with; it is in our best interest to focus on actions to prepare women for the C-Suite before they hit what I call the "C-suite glass ceiling." I think we are making progress – and can make even speedier progress as a company, if we continue focusing on where we can create opportunities for women that will be the stepping stones to the C-Suite in the coming years.

• SK Hynix and Samsung will need licenses for China equipment
• U.S. equipment makers KLA Corp, Lam Research and Applied Materials likely impacted
• New rule takes effect in 120 days

https://www.reuters.com/sustainability/society-equity/us-makes-it-harder-sk-hynix-samsung-make-chips-china-2025-08-29/

https://www.bloomberg.com/news/articles/2025-08-28/microsoft-engineer-pratik-pandey-dies-on-silicon-valley-campus

https://www.chron.com/business/article/exxonmobil-baytown-plant-jobs-21019567.php

“ Houston oil giant to revamp Baytown site, bringing 700 jobs”

I love that we are trying to chase what Exxon has done 10+ years ago and now while CVX has decided to go full Darth Vader and throw the baby out with the bath water, they are strategically making moves that will make us (I.e. our yes-men, short sited management) look terrible. Guess we’ll add those jobs back in 10 years too when they’ve moved on to their next strategy. #thechevronway

I’m committed to ensuring compassionate support for our colleagues who will be leaving the company as decisions are made - JR

What decisions and who is the axe coming for?

Netsuite

https://www.sdxcentral.com/analysis/the-5-firms-who-could-buy-intels-network-business/

Letter: Planned layoffs at Edward Jones betray its own company culture

Financial giant Edward Jones announced that it will lay off potentially hundreds of employees at its Des Peres office to improve efficiency. ("Behind the layoffs: Edward Jones looking to invest in new tech, analysts say," March 16.) That’s shocking and disappointing to many longtime employees, who see it as a shift in the 100-year-old culture created by founder Ted Jones and succeeding managing partners. The firm has always emphasized a balance between maximizing profits, stability and long-term career growth.

In 2022, Edward Jones recorded a net income of $1.4 billion, which increased to $1.6 billion in 2023. From 2023 to 2024, Managing Partner Penny Pennington's pay increased more than 15 percent, from $25.1 million to $29.1 million. Pay for other senior officials increased as well.

The impending layoffs could be avoided by reducing executive bonuses and scaling back non-essential spending. It doesn’t help to hear reports that Edward Jones has begun outsourcing support roles to India, as well as training.

While internal announcements emphasize a drive for greater efficiency, the simultaneous potential layoffs reveal a more fundamental cost-cutting strategy.

Executives appear to be placing bets on the firm’s future by sacrificing employer stability and long-term career growth. This disconnect between corporate rhetoric and employee realities is alarming to staff members, and underscores a growing insensitivity in the firm that goes deep into the culture of what made Edward Jones a special place.

Source: https://www.stltoday.com/opinion/letters/article_5de9fe5a-2115-4159-aea8-8f3597bb83d8.html

Archived at: https://archive.is/KTw0G

This as-told-to essay is based on conversations with 49-year-old Damon Duncan, who is based in Atlanta. His identity and salary have been verified by Business Insider. This conversation has been edited for length and clarity.

• Damon Duncan, a 49-year-old former sales engineer, took a drastic pay cut after he was laid off.
• Duncan's salary dropped from $148,000 to $52,000, impacting his family's lifestyle.
• Despite applying to hundreds of jobs, Duncan is struggling to re-enter the technical sales field.

Damon Duncan, a 49-year-old former sales engineer, took a drastic pay cut after he was laid off.

Duncan was laid off in 2023 and again in 2024. Since then, he has taken an entry-level position with significantly less pay.

Duncan’s salary dropped from $148,000 to $52,000, a change that has deeply impacted his family’s lifestyle. Despite applying to hundreds of jobs, he continues to struggle to re-enter the technical sales field.

This as-told-to essay is based on conversations with 49-year-old Damon Duncan, who is based in Atlanta. His identity and salary have been verified by Business Insider. This conversation has been edited for length and clarity.

I was laid off from my job as a sales engineer in April 2023. That was the last job I had in my career field.

It has now been more than two years since I worked in technical sales. I took a couple of related roles after my company went through a merger, but I was laid off for a second time in August 2024. I remained unemployed until I finally took a drastic step back — both in position and in pay.

I went from being a sales engineer, an architect, and an account executive to working at a consulting firm in an entry-level cold-calling job.

The majority of the people I work with are fresh out of college. When I sit with them in the common room, they’ll say things like, "This is my first big boy job fresh out of college," while I’m sitting there, almost 50 years old, with a child about to go to college myself.

It came with a massive pay cut

I now make about one-third of what I earned at my sales engineering job. At my former role, my base salary was $148,000, but now it is $52,000.

The layoff cost us a lot of money, and because of it, we don’t travel anymore. Our credit also took a massive hit, and we weren’t able to cosign on a loan for our daughter to attend college. She decided to take a gap year and start at a local tech school instead, building savings and credit so she can eventually take out loans and transfer.

We’ve had to cancel a lot of services we used to rely on. Typically, we could hire people to handle big tasks, but now I take them on myself during weekends.

Instead of spending my weekends with my family, I spend them fixing things around the house — rebuilding a staircase, working on cars, painting rooms, replacing light fixtures, AC plugs, light switches, and other projects.

We couldn’t afford to repair my daughter’s car, so we had to get rid of it. Now we’re down to two cars instead of three. We often have to carpool, which isn’t the end of the world, but it’s inconvenient at times. My company also required employees to return to the office, which means I now spend two hours a day commuting — one hour each way.

All of this has affected my family immensely.

I no longer understand the market

I’m trying to get back into the field that supported me for most of my 20-year career, but nobody is hiring me or even interviewing me seriously.

Since being laid off in 2023, I’ve applied to hundreds of jobs. I did receive one offer last year, but it was rescinded because of company changes. Other than that, I’ve had some interviews, but I’ve never made it to the acceptance stage.

I still apply to anywhere between two and five jobs a day.

No matter how I update my résumé or how much outreach I do, it feels pointless. I’ve followed every piece of advice — networking, customizing applications, everything. But it feels like throwing darts at paper, hoping one lands. I don’t understand the market anymore. It doesn’t make sense.

I’m doing this current job because I have bills to pay and a family to provide for. I’m stuck where I am until I can hopefully find another opportunity.

I have a feeling people assume I’m too expensive because of my experience, or that I’ll immediately leave once I find something better. But they don’t realize that I’m applying to these jobs not only because they’re in my field, but also because I view them as possible careers.

I don’t need just a job. I’m not 20 anymore. I need a career. I have three kids — one about to go to college, and two more following. I’ve got weddings to pay for in the future. Realistically, I’ll be working until I’m 80. What I need is stability.

Ageism may also be at play

I suspect some of this difficulty comes down to ageism. But older workers bring wisdom and experience. We’re not flashy, but we’re reliable.

People like me, Gen Xers, know how to be scrappy. I’m working an entry-level job right now despite having 24 years of experience. If that doesn’t prove my willingness to work hard and adapt, I don’t know what does.

Have you struggled to find a job?
Reach out to the reporter via email at aaltchek@insider.com
or through the secure messaging app Signal at aalt.19.

With the latest bay area announcement (see https://www.crn.com/news/networking/2025/cisco-layoffs-total-more-than-200-in-bay-area-cut), and seeing really good employees take the hit recently, this article has now made me lose all hope that there is a future for me at Cisco.

This company is unrecognizable from even just a few years ago. One by one they keep plucking off the good ones. It really is just a matter of time.

So... I hope to go through my five stages of grief (currently in phase 2 - anger) quickly and get to acceptance so I can plan the future and get on with my life. I'm just... sad. It didn't have to be this way.

An article came out about GBS and not a single US based associate was in this article. The future is clear and we'll soon be Bank of India

The company said it would encourage the affected employees to apply for open roles, which could lower the final layoff figure. The cuts are out of a total workforce of 15,638 employees as of last year.

https://www.sfchronicle.com/bayarea/article/intuitive-surgical-robot-maker-layoffs-sunnyvale-21016652.php

Anyone has any news?

https://www.thedailyupside.com/technology/semiconductors/ibm-and-amd-team-to-develop-quantum-centric-supercomputers/

This site used to have good information related to coming layoffs. Now all it seems to have is people complaining about upper management and/RTO. Sadly, the site is becoming more irrelevant as time passes.
So I will try one more time. Does anyone have any REAL intell on coming layoffs?

Does anyone have some additional info about this?

https://www.ynetnews.com/business/article/rkgbewtgex

https://www.wsj.com/business/energy-oil/exxon-rosneft-russia-oil-talks-f524e81f

Microsoft president responds to protesters breaching HQ, 7 arrested

Redmond Police arrested multiple protesters after they entered the executive office at Microsoft headquarters on Tuesday.

https://mynorthwest.com/local/microsoft-hqs-protesters/4124652

MyNorthwest.com

Aug/27/2025 12:24 AM

Location: Redmond, Washington

Title: Edward Jones begins layoffs, including at its headquarters
Link: https://www.spokesman.com/stories/2025/aug/26/edward-jones-begins-layoffs-including-at-its-headq/
Source: The Spokesman-Review
Date: 2025-08-26
Time UTC: 18:53
Domain: www.spokesman.com

Summary: Edward Jones employees began receiving layoff notices on Monday as the company moves forward with a workforce reduction first announced in..."

Title: Edward Jones plans layoffs amid restructuring efforts
Link: https://fox2now.com/news/missouri/edward-jones-plans-layoffs-amid-restructuring-efforts/
Source: FOX 2
Date: 2025-08-19
Time UTC: 21:53
Domain: fox2now.com

Summary: Edward Jones plans layoffs amid restructuring efforts ... ST. LOUIS – Edward Jones, the financial services firm headquartered in St. Louis County,..."

Title: Edward Jones layoffs about to hit employees, home office staff.
Link: https://www.investmentnews.com/wirehouses/edward-jones-layoffs-about-to-hit-employees-home-office-staff/261746
Source: InvestmentNews
Date: 2025-08-19
Time UTC: 21:53
Domain: www.investmentnews.com

Summary: Edward Jones layoffs about to hit employees, home office staff ... It is not clear how many employees will be affected, but none of the private..."

Title: Edward Jones begins layoffs, including at its Des Peres headquarters
Link: https://www.stltoday.com/news/local/business/article_66d99722-68e4-41b7-9b55-0cb0b864fe51.html
Source: STLtoday.com
Date: 2025-08-25
Time UTC: 21:53
Domain: www.stltoday.com

Summary: The layoffs were announced in March but are taking place this week."

Title: Edward Jones planning layoffs before the end of August
Link: https://www.msn.com/en-us/money/other/edward-jones-planning-layoffs-before-the-end-of-august/ar-AA1KxJgY?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1
Source: MSN
Date: 2025-08-24
Time UTC: 21:53
Domain: www.msn.com

Summary: Edward Jones will reduce the size of its home office that employs more than 9,000 people by the end of this month, but it's unclear how many will lose their..."

Title: Edward Jones Plans Home Office Layoffs This Month
Link: https://www.thinkadvisor.com/2025/08/18/edward-jones-plans-home-office-layoffs-this-month/
Source: ThinkAdvisor
Date: 2025-08-19
Time UTC: 21:53
Domain: www.thinkadvisor.com

Summary: Edward Jones Plans Home Office Layoffs This Month ... Edward Jones has issued an internal memo indicating it will unveil cuts to home office staff..."

Title: Edward Jones layoffs to hit before end of month
Link: https://www.bizjournals.com/stlouis/news/2025/08/14/layoffs-loooming-at-edward-jones-before-month-ends.html
Source: The Business Journals
Date: 2025-08-12
Time UTC: 21:53
Domain: www.bizjournals.com

Summary: Story Highlights · Edward Jones will reduce home office staff by Aug. 26. · Layoff numbers and locations remain undisclosed by the company."

Title: Edward Jones confirms plans to carry out layoffs in its ‘home office’ – here's why - Hindustan Times
Link: https://www.hindustantimes.com/world-news/us-news/edward-jones-confirms-plans-to-carry-out-layoffs-in-its-home-office-heres-why-101755419506334.html
Source: Hindustan Times
Date: 2025-08-19
Time UTC: 21:53
Domain: www.hindustantimes.com

Summary: Louis County, has planned to carry out layoffs as part of a companywide restructuring effort. The company says on its website that it has “..."

Title: Edward Jones layoffs set to begin by end of the month
Link: https://citywire.com/pro-buyer/news/edward-jones-layoffs-set-to-begin-by-end-of-the-month/a2472224
Source: Citywire
Date: 2025-08-19
Time UTC: 21:53
Domain: citywire.com

Summary: In March, Edward Jones announced it had started what the firm says will be a 'multi-year initiative' to restructure the business, which will..."

Title: Edward Jones’ “Enterprise Reimagined” Puts 9,000 Support Jobs at Risk
Link: https://stlawyers.ca/blog-news/edward-jones-reorganization-job-cuts-2025/
Source: Samfiru Tumarkin LLP
Date: 2025-08-20
Time UTC: 21:53
Domain: stlawyers.ca

Summary: Edward Jones is moving ahead with a significant internal overhaul — and thousands of employees who support its 20,000 financial advisors..."

Title: Edward Jones to layoff local employees during restructuring
Link: https://www.firstalert4.com/2025/03/12/edward-jones-layoff-local-employees-during-restructuring/
Source: First Alert 4
Date: 2025-03-12
Time UTC: 00:00
Domain: www.firstalert4.com

Summary: Edward Jones is restructuring, which will include laying off employees. Wednesday afternoon, a spokesperson for Edward Jones sent First Alert 4 the below..."

Title: Edward Jones Laying Off Home Office Workers Amid Restructuring
Link: https://www.wealthmanagement.com/ibd-news/edward-jones-laying-off-home-office-workers-amid-restructuring
Source: WealthManagement.com
Date: 2025-03-13
Time UTC: 00:00
Domain: www.wealthmanagement.com

Summary: Edward Jones, one of the country's largest brokers/dealers, has started a multi-year restructuring of its home office team in St. Louis, which will lead to..."

Title: Edward Jones will cut 'home office structure' in multi-year move
Link: https://www.ksdk.com/article/news/local/business-journal/edward-jones-will-cut-home-office-structure-multi-year-move/63-f1e93bac-4182-40d7-b42b-ba47204c5326
Source: KSDK
Date: 2025-03-12
Time UTC: 00:00
Domain: www.ksdk.com

Summary: Edward Jones said Wednesday that it plans to reduce the size of its home office, but didn't provide details on whether that would trigger..."

Title: Edward Jones to layoff local employees during restructuring
Link: https://www.msn.com/en-us/news/us/edward-jones-to-layoff-local-employees-during-restructuring/ar-AA1ANz9q?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1
Source: MSN
Date: 2025-08-19
Time UTC: 21:53
Domain: www.msn.com

Summary: ST. LOUIS, Mo. (First Alert 4)—Edward Jones is restructuring, which will include laying off employees. Wednesday afternoon, a spokesperson for Edward Jones..."

Title: Layoffs looming in wild 2025?
Link: https://www.investmentnews.com/ria-news/layoffs-looming-in-wild-2025/260152
Source: InvestmentNews
Date: 2025-04-16
Time UTC: 00:00
Domain: www.investmentnews.com

Summary: Wealth management job cuts at Edward Jones and Morgan Stanley are linked to a sinking stock market, tariff battles and the unknown, say industry executives."

Title: 2024 income and assets up as layoffs loom at Edward Jones - Bizwomen
Link: https://www.bizjournals.com/charlotte/bizwomen/news/latest-news/2025/03/2024-income-and-assets-up-as-layoffs-loom-at-jones.html
Source: The Business Journals
Date: 2025-03-19
Time UTC: 00:00
Domain: www.bizjournals.com

Summary: The parent company of Edward Jones reported income before allocation to partners of $1.9 billion last year, a 23% increase over 2023. The result..."

Title: Why Edward Jones Is Shrinking Its Home Office
Link: https://www.thinkadvisor.com/2025/03/13/why-edward-jones-is-shrinking-its-home-office/
Source: ThinkAdvisor
Date: 2025-03-13
Time UTC: 00:00
Domain: www.thinkadvisor.com

Summary: While there's no headcount reduction target, reduced “overlap and bureaucracy” is expected, Managing Partner Penny Pennington tells..."

Title: Edward Jones Layoffs in Canada: August 2025 Update + Severance Rights
Link: https://stlawyers.ca/blog-news/edward-jones-severance-packages/
Source: Samfiru Tumarkin LLP
Date: 2025-08-20
Time UTC: 21:53
Domain: stlawyers.ca

Summary: Severance Pay After an Edward Jones Layoff. If you're a non-unionized employee and Edward Jones ends your job — whether they call it a layoff,..."

Title: Edward Jones chief's compensation hits $29M as income increases, layoffs loom
Link: https://www.bizjournals.com/stlouis/news/2025/03/18/2024-income-and-assets-up-as-layoffs-loom-at-jones.html
Source: The Business Journals
Date: 2025-03-18
Time UTC: 00:00
Domain: www.bizjournals.com

Summary: Edward Jones chief's compensation hits $29M as income increases, layoffs loom ... The parent company of Edward Jones reported income before..."

Title: Letter: Planned layoffs at Edward Jones betray its own company culture
Link: https://www.stltoday.com/opinion/letters/article_5de9fe5a-2115-4159-aea8-8f3597bb83d8.html
Source: STLtoday.com
Date: 2025-04-09
Time UTC: 00:00
Domain: www.stltoday.com

Summary: Letter: Planned layoffs at Edward Jones betray its own company culture ... Financial giant Edward Jones announced that it will lay off potentially..."

Title: More layoffs to come at Cetera?
Link: https://www.investmentnews.com/ria-news/more-layoffs-to-come-at-cetera/260247
Source: InvestmentNews
Date: 2025-04-23
Time UTC: 00:00
Domain: www.investmentnews.com

Summary: After cutting an unknown number of employees earlier this year, Cetera Financial Group, the broker-dealer and registered investment advisor..."

Title: 2024 income and assets up as layoffs loom at Edward Jones - Bizwomen
Link: https://www.bizjournals.com/pacific/bizwomen/news/latest-news/2025/03/2024-income-and-assets-up-as-layoffs-loom-at-jones.html?page=all
Source: The Business Journals
Date: 2025-03-19
Time UTC: 00:00
Domain: www.bizjournals.com

Summary: The parent company of Edward Jones reported income before allocation to partners of $1.9 billion last year, a 23% increase over 2023."

Title: Layoffs coming to Edward Jones in St. Louis
Link: https://www.stltoday.com/news/local/business/article_9edd5e4a-ff7b-11ef-a1c3-4f43fbdc4ddd.html
Source: STLtoday.com
Date: 2025-03-13
Time UTC: 00:00
Domain: www.stltoday.com

Summary: Behind the layoffs: Edward Jones looking to invest in new tech, analysts say. Edward Jones is looking to catch up with its competitors by..."

Title: Edward Jones confirms layoffs will hit St. Louis-area home office
Link: https://www.bizjournals.com/stlouis/news/2025/03/13/edward-jones-says-layoffs-will-hit-st-louis-area.html
Source: The Business Journals
Date: 2025-03-13
Time UTC: 00:00
Domain: www.bizjournals.com

Summary: Edward Jones confirms layoffs will hit St. Louis-area home office ... Edward Jones will lay off some administrators of its home office team in the..."

Title: Penny Pennington leads Edward Jones at time of rapid change - Bizwomen
Link: https://www.bizjournals.com/portland/bizwomen/news/latest-news/2025/04/penny-pennington-leads-edward-jones-change.html
Source: The Business Journals
Date: 2025-04-16
Time UTC: 00:00
Domain: www.bizjournals.com

Summary: Edward Jones is “evolving at a very rapid pace” to meet the needs of its clients as demand increases for a one-stop shop for financial services and planning."

Title: Behind the layoffs: Edward Jones looking to invest in new tech, analysts say
Link: https://www.stltoday.com/news/local/business/article_edc0d724-004a-11f0-a8cb-f3ebb5f87f82.html
Source: STLtoday.com
Date: 2025-03-16
Time UTC: 00:00
Domain: www.stltoday.com

Summary: Layoffs coming to Edward Jones in St. Louis. Company spokesperson Catherine Stengel said these cuts will \"strengthen our collaborative, client-..."

Title: Edward Jones will cut 'home office structure' in multi-year move
Link: https://www.bizjournals.com/stlouis/news/2025/03/12/edward-jones-will-change-home-office-structure.html
Source: The Business Journals
Date: 2025-03-12
Time UTC: 00:00
Domain: www.bizjournals.com

Summary: Edward Jones said Wednesday that it plans to reduce the size of its home office, but didn't provide details on whether that would trigger layoffs."

Title: Edward Jones shuffles leadership, expands into alternative investments
Link: https://www.bizjournals.com/stlouis/news/2025/05/02/edward-jones-shuffles-leadership-alternative.html
Source: The Business Journals
Date: 2025-05-02
Time UTC: 00:00
Domain: www.bizjournals.com

Summary: Des Peres-based Edward Jones has shuffled its leadership team, citing its “multi-year journey to serve clients and branch teams more..."

Title: IRS layoffs in Kansas City leave workers scrambling for financial security
Link: https://www.kmbc.com/article/irs-layoffs-kansas-city-workers-scrambling-financial-security/63922376
Source: KMBC
Date: 2025-02-25
Time UTC: 00:00
Domain: www.kmbc.com

Summary: The IRS layoffs of more than 100 workers in the metro area were part of President Donald Trump's recent executive order to trim the federal..."

Title: Edward Jones aims to quadruple SMA offerings
Link: https://citywire.com/pro-buyer/news/edward-jones-aims-to-quadruple-sma-offerings/a2451409
Source: Citywire
Date: 2024-10-03
Time UTC: 00:00
Domain: citywire.com

Summary: Edward Jones is hoping to expand its SMA lineup from 70 to 300 by the end of 2025 as it aims to give its advisors more discretion over which funds they can..."

Title: Edward Jones Makes Leadership Changes in Financial Planning Push
Link: https://www.wealthmanagement.com/ibd-news/edward-jones-shuffles-leadership-amid-push-toward-financial-planning
Source: WealthManagement.com
Date: 2025-04-25
Time UTC: 00:00
Domain: www.wealthmanagement.com

Summary: David Chubak to become wealth and field management head as Edward Jones continues to bolster its financial planning capabilities."

Title: Penny Pennington of investment advice firm Edward Jones: ‘We’re a wealth and wellbeing company’
Link: https://fortune.com/2025/07/18/penny-pennington-edward-jones-health-and-wellbeing/
Source: Fortune
Date: 2025-07-26
Time UTC: 21:53
Domain: fortune.com

Summary: Edward Jones Managing Partner Penny Pennington recently at the Aspen Ideas Festival. Her concern was, “how do we help future generations build wealth in this..."

Title: Asset managers paid Edward Jones $315m in revenue-sharing fees in 2024
Link: https://citywire.com/pro-buyer/news/asset-managers-paid-edward-jones-315m-in-revenue-sharing-fees-in-2024/a2460665
Source: Citywire
Date: 2025-02-27
Time UTC: 00:00
Domain: citywire.com

Summary: American Funds was once again Edward Jones' biggest payer in revenue-sharing fees, according to an updated disclosure from the..."

Title: Edward Jones Hit With Reverse Discrimination Suit Over DEI Policies
Link: https://www.advisorhub.com/edward-jones-hit-with-reverse-discrimination-suit-over-dei-policies/
Source: AdvisorHub
Date: 2025-03-11
Time UTC: 00:00
Domain: www.advisorhub.com

Summary: An ex-Edward Jones broker filed Monday a proposed discrimination class action against his former employer claiming it engages in “explicit, intentional,..."

Title: Edward Jones Hikes CEO Pennington’s Pay Almost 16% to $29 Million
Link: https://www.advisorhub.com/edward-jones-hikes-ceo-penningtons-pay-almost-16-to-29-million/
Source: AdvisorHub
Date: 2025-03-17
Time UTC: 00:00
Domain: www.advisorhub.com

Summary: Edward Jones & Co. Chief Executive Penny Pennington's pay climbed by more than 15% for the second year in a row in 2024."

Title: America's fallen tech giant Intel is facing a crossroads
Link: https://www.businessinsider.com/intel-qualcomm-takeover-bid-layoffs-foundry-spin-off-2024-9
Source: Business Insider
Date: 2024-09-20
Time UTC: 00:00
Domain: www.businessinsider.com

Summary: Qualcomm approached Intel about a takeover deal, the WSJ reported. Meanwhile, Intel is planning a separate foundry subsidiary and staff..."

Title: Chevron staffers absorb long-awaited layoffs as CEO pledges accountability
Link: https://www.reuters.com/business/energy/chevron-staffers-absorb-long-awaited-layoffs-ceo-pledges-accountability-2025-02-18/
Source: Reuters
Date: 2025-02-19
Time UTC: 00:00
Domain: www.reuters.com

Summary: During an internal town hall meeting last week, roughly 40000 Chevron employees were shown a video touting the oil giant's success in..."

Title: Edward Jones reshuffles leadership, expands into alternative investments for high-net-worth clients
Link: https://www.mixvale.com.br/2025/05/05/edward-jones-reshuffles-leadership-expands-into-alternative-investments-for-high-net-worth-clients/
Source: Mix Vale
Date: 2025-05-05
Time UTC: 00:00
Domain: www.mixvale.com.br

Summary: Edward Jones, one of the largest investment brokerages in the United States, is undergoing a strategic overhaul that signals a pivotal..."

Title: Boeing supplier starts St. Louis layoffs, but union leader doubts facility will close next year
Link: https://www.bizjournals.com/stlouis/news/2023/08/25/boeing-parts-supplier-lays-off-workers-plant-2024.html
Source: The Business Journals
Date: 2023-08-25
Time UTC: 00:00
Domain: www.bizjournals.com

Summary: GKN Aerospace St. Louis, which plans to shut down its Hazelwood plant in late 2024, on Friday laid off at least 35 employees who make fighter jet parts for The..."

Title: Edward Jones Set to Streamline Operations with Major Home Office Layoffs
Link: https://opentools.ai/news/edward-jones-set-to-streamline-operations-with-major-home-office-layoffs
Source: OpenTools
Date: 2025-08-19
Time UTC: 21:53
Domain: opentools.ai
Summary: Edward Jones, a financial services giant, has announced plans to lay off employees at its home office in St. Louis County."

Day 2 of the Reimagining. Share any stories or updates regarding your day.

Shocked and saddened to hear of demotions and pay reductions while ELT continues to rake in record profits for "Needs Improvement" results. Shame.

ISPs, Demotions still happening today?

Hello, I'm a reporter for the St. Louis Post-Dispatch covering the layoffs. I can be reached at jsuntrup@post-dispatch.com and can also speak over the phone at 314 825 0735. Thanks,
Jack Suntrup

"Ford’s dividends might sound like a matter only of concern for the company’s shareholders, but U.S. taxpayers should care. Over the years, Ford has mooched some $8 billion from federal and state public troughs. And just before leaving office, former Energy Secretary Jennifer Granholm in late December finalized a controversial $9.63 billion below-market loan to cover most of Ford’s $11.4 billion EV projects in Tennessee and Kentucky.

Ford uses what it calls “adjusted free cash flow” to justify these rich payouts. Weil prefers to call it “cash flow before bad stuff.” The technical Wall Street term for Ford’s financial window dressing: putting lipstick on a pig.

And what have taxpayers gotten so far? Broken promises. Ford’s Super Duty EV plant in Tennessee, once scheduled to open this year, is now pushed back to 2028. Its Tennessee battery plant, originally planned for 2025, won’t open until 2027. One of two promised Kentucky battery plants has been delayed indefinitely.

The only major firm commitment Ford has delivered on is its dividend.

At the very top sits William Clay Ford Jr. He controls nearly 19 million Class B shares, which at 2024’s dividend rate would have delivered around $11 million in cash — on top of the $20 million he collected as executive chairman, a role I’d guess mostly entails overseeing CEO Jim Farley and managing board proceedings. Farley himself hauled in $25 million last year and has pocketed more than $107 million since taking Ford’s corporate wheel five years ago.

Much of Farley’s compensation was stock, so if Ford’s shares decline, so does his personal fortune.

For Bill Ford’s distant cousins, there’s less, but still plenty: hundreds of thousands of dollars a year simply for being born into the family. That’s why the dividend is existential. It sustains Palm Beach lifestyles as much as it secures control of Dearborn. If the spigot slows, it could shake both fortunes and the family’s loyalty to the company.

Weil exposed just how far Ford is stretching. The company used the free cash flow – money left over after paying operating expenses – it generated in 2024 to justify its 2025 first-quarter dividend — the equivalent of using last year’s paycheck to prove you can pay this year’s mortgage after your boss cut your salary. Ford expects to generate less free cash flow this year, a shortfall it partly blamed on Trump’s tariffs."

https://www.deadlinedetroit.com/articles/33555/starkman_today_s_ford_family_is_milking_the_company_not_saving_it

https://www.trains.com/pro/freight/intermodal/bnsf-and-csx-announce-new-joint-domestic-and-international-intermodal-service/

Proposed Changes To H-1B Visa Lottery System

The Trump administration plans to end or change the H-1B visa lottery, replacing random selection with a salary-based or weighted system. The Office of Management and Budget is reviewing the rule, which could take effect by March 2026 for the FY 2027 cap.

https://www.forbes.com/sites/stuartanderson/2025/07/21/new-trump-immigration-policy-ending-the-h-1b-visa-lottery/

A similar rule finalized in 2021 ranked applications by wage levels but was never implemented. That system would have excluded most Level 1 and many Level 2 workers, categories that include recent graduates and early-career professionals. The new rule’s title, “Weighted Selection Process,” suggests a lottery with higher chances for higher-paid applicants.

Critics argue this approach disadvantages international students and undervalues talent in lower-paid fields. More than 70% of U.S. graduate students in computer science and electrical engineering are international, and most are paid at Level 1 or Level 2. Employers in science, medicine and education could also be affected.

Opponents say the change conflicts with the Immigration and Nationality Act, which requires petitions to be considered in filing order. Business groups and universities warn the rule could weaken U.S. competitiveness by limiting young skilled workers. The broader issue remains the low annual H-1B cap, which covers only a small fraction of the labor force and leaves high demand unmet.

Numbers Rollup:

• 85,000 total H-1B cap (65,000 regular plus 20,000 advanced degree)
• 343,981 eligible registrations for FY 2026
• Nearly two-thirds of registrations rejected due to cap limits
• More than 70% of graduate students in computer science and electrical engineering are international
• 83% of computer science PhDs and 80% of electrical engineering PhDs in U.S. R&D are foreign-born
• Level 1 and Level 2 wages cover about 90% of recent international graduates

https://the-express.com/lifestyle/shopping/181195/target-fires-hundreds-employees-money-181195

As an activist hedge fund, Elliott Investment Management pushes for changes that often result in significant layoffs at the companies it invests in. While Elliott does not directly manage the day-to-day operations, its influence on corporate boards and demands for cost-cutting and restructuring have been closely linked to job cuts.
Examples of layoffs connected to Elliott Management
Southwest Airlines (2025): After Elliott acquired a major stake and secured board seats, the airline announced its first-ever company-wide layoffs. Critics believe this action was influenced by Elliott's push for profitability.
Salesforce (2023): Following Elliott's investment, Salesforce cut 10% of its workforce. Employees reportedly feared further layoffs due to Elliott's pressure for cost reductions and improved profitability.
AT&T (2019): After Elliott took a stake and demanded a strategic overhaul, AT&T cut tens of thousands of jobs and accelerated mass firings. This is viewed by critics as an example of Elliott's strategy prioritizing shareholder returns over employees.
Athenahealth (2018): After an Elliott subsidiary led a buyout, the company laid off employees, sold assets, and went private.
Juniper Networks (2015): Elliott's push for cost reductions at Juniper Networks reportedly led to job cuts at the tech company.
Why Elliott Management is linked to layoffs
Activist investor strategy: Elliott is known for "activist investing," where it buys a large stake in a company and then pushes for major changes to increase its stock value.
Focus on cost-cutting: Their playbook often involves demanding aggressive cost reductions, including slashing perceived "non-essential" departments to boost profits.
Control through board seats: The hedge fund often seeks control by gaining seats on a company's board, giving it direct influence over restructuring and personnel decisions.
Pressure for asset sales: Elliott sometimes advocates for selling off company assets to create cash for investors, which can destabilize operations and result in layoffs.

Arena BioWorks has laid off 30% of its workers 19 months after launching with $500 million and visions of bringing the Bell Labs model to biotech.

https://www.fiercebiotech.com/biotech/arena-bioworks-19-months-after-splashy-launch-lays-30-its-staff

It’s done baby. Remember TSMC is just a foundry, All design is USA baby!!!!