AM I NEXT? NO LOVE AT INGRAM MICRO

Irvine, California-based Ingram Micro Holding Corporation, a distributor of information technology products and services, has announced a restructuring initiative along with a reduction in force to reduce costs and eliminate redundancies.

The reduction in force will impact 850 employees.

CEO Paul Bay noted, “We are committed to supporting affected associates through this transition and will provide more details regarding these benefits and payments through our local teams in the coming weeks. We understand that this news is difficult, and we want to acknowledge the valuable contributions of those who will be leaving Ingram Micro. These decisions are never easy, but they are necessary to position our organization for future success.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT EMBECTA

Parsippany, New Jersey-based Embecta, a medical technology company that develops and provides products and solutions for people with diabetes, has announced discontinuing its insulin patch pump program.

The personnel realignment will impact 118 employees in Andover, Massachusetts, between February 3, 2025, and August 1, 2025.

A company spokesperson noted, “Making decisions that impact our employees is never easy and is always done with careful consideration and respect, as we value all our team members’ contributions to Embecta. We will provide severance, healthcare benefits, and outplacement assistance to help our colleagues find their next opportunity. As noted in our earnings release, we expect the restructuring plan to be substantially complete during the first half of FY25.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT CRUCIBLE INDUSTRIES

Solvay, New York-based Crucible Industries, a developer and manufacturer of specialty steels and sintered steels for the automotive, cutlery, aerospace, and machine tool industries, has indicated it is under severe financial stress, considering Chapter 11 Bankruptcy and has filed a preemptive WARN (Worker Adjustment and Retraining Notification) notice.

Approximately 158 employees will be impacted by the closure of Crucible's facilities in Geddes, New York.

In a letter to employees, President John Shiesley states that due to "serious financial difficulties," the company will likely file for Chapter 11 bankruptcy. Without a buyer, Shiesley continued, the steel plant is set to close its doors in March of 2025.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?