Author: Lew
RCI’s leadership lap dance: CEO and CFO step off the main stage with a three day goodbye
RCI Hospitality Holdings, the publicly traded strip club empire and owner of Rick’s Cabaret and Bombshells has announced the abrupt departure of CEO Eric Langan and CFO Bradley Chhay. Recently, the company and several executives, including Langan and Chhay, were indicted by New York state over an alleged long running tax and bribery scheme. NY claims that the company bribed a state official ...
RCI Hospitality CEO Langan, CFO Chhay Stepping Down From C-Suite Roles
Thanksgiving week massacre at HP: 4,000+ sacrificed to the Mechanical God
HP ($HPQ) will be cutting between 4,000-6,000 jobs in its big Thanksgiving week push (10% of staff) in order to “streamline operations” for its “AI push.” This is on top of 1,000 already affected by cuts last February. HP says the move will save over $1bil over the next three years.
HP to Cut Up to 10% of Workforce as Part of AI Push
Thanksgiving week layoffs at McKinsey
McKinsey has announced 200 job cuts of tech workers due to AI “enabling unprecedented levels of opportunity and impact for us and our clients.” Sadly, the Mechanical God couldn’t pick a better week to make this announcement for those impacted workers.
McKinsey Cuts About 200 Tech Jobs, Shifts More Roles to AI
Struggling Six Flags looking to sell underperforming parks; announces new CEO
Amusement park company Six Flags stock is up 7% today on news that the company will be looking to shed its underperforming parks — likely at the behest of a group of activist investors which owns 9% of the company and includes activist investor JANA Partners and Taylor Swift’s husband (and football player) Travis Kelce. The company separately announced that its outgoing CEO will be rep...
Six Flags eyes closing more parks after revenue falls during peak summer month
Six Flags Appoints John Reilly President and Chief Executive Officer
Former Campbells Soup employee releases wild tape of company vice president
A former employee is suing Campbell’s (of soup) for wrongful termination after he was allegedly fired for reporting his boss’s wild rant in which he says the company makes “bioengineered meat for poor people.” The fired employee has released audio of Campbell’s Vice President and Chief Information Security Officer Martin Bally making the statements as well as calling ...
‘S--t for f---ing poor people’: Campbell’s employee fired after complaining ab
Intuit’s Sasan Goodarzi makes the post-earnings rounds dressed like Rocky Balboa
Intuit quarterly results are in and they’re good enough where CEO Sasan Goodarzi fels confident enough to wear the most insane outfit we’ve seen in a long time in a CNBC interview. The most baffling part of the twelve minute interview is the fact that at no point did Jon Fortt ask “why the hell are you dressed like that?”
More layoffs at Barbie HQ
Barbie’s house just shrank. Toymaker Mattel is chopping 89 marketing and design jobs at its El Segundo headquarters, starting January 12, 2026, as it carves up its global brands team into a new “brand-centric” structure that’s supposed to save $200 million by 2026. This round is on top of the 120 shed last March. The toymaker says it’s about strategy and efficiency; for the staff laid off, it’s ju...
Mattel laying off 89 workers in brand restructuring
Hats off at Fanatics Tampa distribution center
Sports apparel giant Fanatics is announcing it will shutter its Oak Creek distribution center next year and shift the work to a newer, “more advanced” Tampa facility. The warehouse came with Fanatics’ 2017 Majestic acquisition; now it’s being written off as not up to the company’s latest “scale and innovation” story. Layoffs start March 1 and run through July 31, with workers offered severance, jo...
Fanatics closing facility near Tampa, laying off 286 employees
Laying (off) Pipe
Once valued at 2 billion, fintech company Pipe is laying off around 50% of its staff. The alternate title was: half-Pipe.
US fintech Pipe drastically reduces workforce, reportedly by 50%
Days after laying off 10%, Vimeo acquired for $1.38 billion
Just one week after CEO Philip Moyer took to Linkedin to spin the company’s decision to axe 10% of its workforce, Vimeo is being sold off. The struggling video platform is getting scooped up by European app developer Bending Spoons in an all-cash deal valued at $1.38 billion. On paper, the acquisition looks rich: a 70% premium to Vimeo’s battered stock price. But investors who bought into the hype...
Vimeo to be acquired by Bending Spoons in $1.38B all-cash deal
Scope3 snipes an undisclosed number
This company has been in our sights for awhile… Carbon emissions auditor digital advertising middleman Scope3 is laying off an unknown number of employees, and a few are leaving of their own accord according to Adweek. On the same day the news broke, LinkedIn inflencer company CEO, Brian O’Kelley, took to LinkedIn to post about broken demos and one of his new commercial hires (Archive)...
EXCLUSIVE: Scope3 Lays Off Staff as Part of Shift Toward Agentic Advertising
Rivian sheds 200 in run-up to new car’s launch next year
With a $7,500 tax credit set to expire this month and before the launch of its newer, cheaper SUV (the R2), Rivian is axing 200 employees (~1.5% of its workforce). This is on the heels of a quarter that saw the company lose 1.1 billion, a tremendous acceleration of the $650mm that it burned the quarter before that (and the $660mm the quarter before that). Riv says it has enough cash to see it thro...
EV Maker Rivian Lays Off Workers as It Preps Launch of Cheaper SUV
