Author: David Reyes

There is a certain type of business that maintains global operations without ever becoming well-known. Among them is Amdocs. The majority of people have never entered that name into a search engine. However, there’s a good chance Amdocs was processing your phone bill in the background if you’ve used a streaming service, called customer service, or received a bill from any major telecom provider in the last 20 years. In enterprise software, this invisibility is practically a source of pride. Until, of course, a business begins laying off thousands of employees, at which point inquiries begin. Ra’anana is producing a…

After a Thursday earnings call, there is a specific type of silence that occurs when the numbers appear to be in order, but the atmosphere in the room conveys a different message. That was about Sentinel’s surroundings. The cybersecurity company announced last week that it was laying off 8% of its full-time employees at the same time that it reported its first annual revenue of $1 billion. On paper, it shouldn’t be so difficult for those two events to coexist. They actually did. The layoffs, which affected about 230 out of about 3,000 employees, were presented by CEO Tomer Weingarten…

Cutting a company’s own partners has a subtly devastating effect. Partners, not analysts or associates. the individuals whose names are, in theory, the product. It wasn’t just a headcount adjustment when Perella Weinberg Partners announced on May 27 that it would cut its workforce by about 10%, including about a dozen of its roughly 81 partners. To anyone listening, it seemed to be a declaration about the company’s current state as opposed to its original goals. Built on the reputations of Joseph Perella, a dealmaker who had already helped define an era at First Boston and Morgan Stanley, and Peter…

You get a strange feeling when you stand outside the Volkswagen plant in Wolfsburg on a weekday afternoon. The parking lots are still occupied, the cranes are still there, and the signage is still shining. However, the atmosphere has changed in a way subtler than vacant assembly lines. Employees move slightly differently; their heads are a little lower, and their conversations are a little shorter. People who are aware that the ground beneath them is no longer solid exhibit this specific body language. As part of its rationalization program, Volkswagen has announced plans to eliminate 35,000 jobs, including 15,000 in…

The number eight contains a specific form of corporate cruelty. Not eight days, not eight weeks’ notice. Eight minutes. At least one support engineer who spoke to BetaKit after the company’s simultaneous cuts in the US, Canada, and India in March 2026 said that’s how long it took OpenText to end a seventeen-year career. Not even a proper farewell was given to the employee. It is said that until the calls were completed, their direct manager was unaware of who was being fired. In late March, OpenText, an information management company with headquarters in Kitchener-Waterloo, laid off about 4% of…

There is a specific type of corporate announcement that shows up using the language of inevitability. In a post on X, Avishai Abrahami stated, “We had no choice,” confirming that Wix would lay off about 1,000 workers, or 20% of its total workforce worldwide. It’s the biggest layoff in the company’s 20-year history, and there’s something about the wording that makes it worthwhile. Businesses always have options. They are saying that the person they created felt the least horrible. Wix built its reputation on the simple, democratic notion that anyone could create a professional website, regardless of technical expertise. Photographers…

When economists begin to offer time limits instead of assurances, a particular kind of dread sets in. More than ninety days have passed since the Strait of Hormuz, a narrow 100-mile stretch of water between Iran and Oman, changed from a busy shipping route to something more akin to a conflict zone. The majority of analysts still anticipate a reopening. What happens if it doesn’t, however, is the unsettling question that serious researchers are discreetly calculating. A dire scenario in which protracted energy disruptions that last into 2027 push global inflation above 6% while global growth drops to 2% was…

Rules of the road are a term that is frequently used in shipping circles these days. Not in a metaphorical sense. The literal kind: who enters, who exits, and who guarantees that no one is shot during that time. The world’s tanker operators are still sitting outside one of the most important waterways on earth, engines idling, waiting for a response that no one seems to be able to provide, three months after Iran effectively closed the Strait of Hormuz and weeks into shaky ceasefire talks. Even by the standards of a crisis that has already completely changed the oil…

In one version of this tale, India received permission covertly, made the most of it, and then just continued after it expired. In essence, that is what took place. Following the disruption of Middle Eastern supplies following the Iran war, the US Treasury issued a temporary waiver in March 2026 that permits Indian buyers to continue purchasing Russian seaborne crude without incurring secondary sanctions. This carve-out was publicly presented as a stabilization measure. From the outside, it appeared as though Washington was giving New Delhi a diplomatic buffer in the hopes that Modi would follow through. India was importing Russian…

It feels different to stroll through Hatton Garden on a weekday morning. People are waiting in line outside Hatton Garden Metals, a family-run business that has been in the jewellery district of London for many years. not travellers in search of engagement rings. investors. Common people holding mismatched rings, orphaned earrings, and vintage charm bracelets that were taken out of the back of drawers—all of it was going to be weighed, valued, and melted down. The value of a single plastic tub of worn-out jewelry on the counter is about £250,000. A single kilogram of gold, about the size of…