Author: David Reyes

A Bell employee in a downtown Toronto office swipes a plastic fob against a reader, hears the door click softly, and then returns to the morning traffic. One of Canada’s most bizarre workplace stories this year has been defined by that image, which is half rumor, half corporate accusation. Bell, or more accurately, its parent company BCE, claims to have discovered individuals engaging in such behavior. The dismissed workers claim they didn’t do anything like that. A far messier reality lies somewhere in between those two interpretations. The official line is neat. A few employees were fired for cause after…

PayPal’s decline has an almost unyielding quality. The business continues to take actions that, in theory, ought to be beneficial. It surpasses earnings. It repurchases stock. It reduces expenses. It even hired a new CEO with a reputation for resolving complex, sluggish companies. Nevertheless, the stock slips again each time it appears to be ready to breathe. While the overall market continued to rise, shares were trading close to the year’s lows by early May, down about 22%. Investors are worn out. By all accounts, the May 5 first-quarter report was a beat. Revenue was $8.35 billion instead of the…

Cloudflare is currently experiencing an odd atmosphere. The kind you get when a business reports the best quarter of its existence, but its stock still plummets. Following one of the biggest single-day declines the stock has ever experienced, shares of NET were trading close to $191 on Tuesday afternoon. It was close to $260 a few weeks ago. One story is revealed by the numbers. Another is being told by the market. The contradiction is difficult to ignore. Revenue reached $639.8 million, the highest amount in the company’s sixteen-year history, up 34% year over year. The number of large customers—those…

The problem with WWE roster cuts is that they rarely happen suddenly. Wrestlers are familiar with the calendar. After WrestleMania, they sense a shift in the atmosphere, much like teachers do during the final week of classes. The magnitude of the wave and the silent, spreadsheet-like logic that lies beneath it are what make 2026 unique. Over thirty names were either fired or informed that their contracts would not be extended. Aleister Black, Zelina Vega, Kairi Sane, and the whole Wyatt Sicks stable were on the list, which also included Xavier Woods and Kofi Kingston of The New Day, both…

The Cloudflare announcement was made on a Wednesday, which is the type of midweek time that businesses seem to favor when they want news to spread swiftly. Together, the numbers were odd. $639.8 million in revenue, a 34% increase over the previous year. In fact, the net loss had increased. Then, practically simultaneously, the business informed over 1,100 employees that they would not be returning. Even though Cloudflare claims there isn’t a contradiction, it’s difficult to ignore it. The news was shared on the company blog by Matthew Prince and Michelle Zatlyn, who co-founded this business over a period of…

At 6:55 a.m. on a Tuesday, the email reached recipients before the majority of San Francisco’s coffee shops had even opened. About 700 employees at Coinbase knew their time there was essentially over by the time they had finished reading it. Chief executive and co-founder Brian Armstrong presented the cuts as a component of a broader reinvention. Beneath the words, the cryptocurrency community perceived something different. The language used in tech layoff memos has changed, making it difficult to ignore. Businesses used to blame the economy. Then they attributed the pandemic to overhiring. In 2026, the blame is now subtly…

Meta has become two businesses at once, somewhere between the jubilant tone of an earnings call and the subdued dread of a Thursday afternoon all-hands. One is the version that Mark Zuckerberg frequently discusses on stage, one that is illuminated by advances in artificial intelligence and optimistic forecasts regarding productivity. The other is the one being typed about, anonymously, late at night on Blind, where the words “dead and depressing” now sit at the top of a thread about a company that, not long ago, employees fought to get into. A portion of the story is revealed by the numbers.…

The news came in bits and pieces, as these things now frequently do. This is a post on LinkedIn. On X, a brief, cautious farewell. It was evident that something had occurred within Second Dinner, the Irvine-based studio that created one of the most captivating mobile card games of the previous few years, by the time the larger Marvel Snap community made the connection last week. People were missing from their desks. Griffin Bennett, the community manager, had left. According to what former employees have posted online, so were others, dispersed throughout engineering, QA, and community roles. On May 1,…

It’s the kind of detail that people remember years later: the call came at noon on a Wednesday. The day before, a few staff members at KPMG’s US advisory practice received the calendar invite without an agenda, which is typically all you need to know. Approximately 400 consultants were informed that their positions had been eliminated by the end of the meeting. The majority of them were employed in financial services, customer operations, or regulatory risk advisory—divisions that had been silently slowing down for months. Although it would be tempting to describe this as shocking, it isn’t. Anyone observing the…

When a warehouse goes dark, a certain kind of silence descends upon a small Southern town. The half-empty parking lot during shift change, the forklifts operating a little more slowly, the rumor that spreads from the break room to the gas station before management ever confirms anything—you can almost feel it before the official notice is sent out. Right now, Lexington, North Carolina, is sitting in that silence. Vitacost submitted a WARN notice to the state on April 29. The lights at 130 Lexington Parkway will be permanently turned off by July 1. 130 employees were removed from the payroll.…