Columbus, Ohio-based Alliance Data Systems, a a provider of private label credit cards and loyalty marketing programs, is initiating a company-wide cost reduction program which will result in a reduction in force of approximately 300 employees from its credit card services division, approximately half of the jobs located in Columbus, Ohio.
According to the company’s recently promoted CEO, Melissa Miller, “Our streamlined operating model will allow us to do more with less, and get paid for the value we bring to the table. . “We have been making the tough but critical decisions in the short term, to deliver on the long-term health and viability of the business. With transformation can come disruptions. Our efforts will ultimately restore the health and vitality of the company, and we are confident that growth will follow.”
A company spokesperson noted that “For more than a year, Alliance Data has been going through an enterprise-wide assessment of our business with the goal of streamlining and simplifying our business model to ensure continued financial viability and success. Yesterday’s announcement of a reduction in workforce at our card services business in Columbus and a few other U.S. locations will ensure Alliance Data is a more appropriately sized and structured organization. In order to deliver on our strategy and create greater operational effectiveness and efficiency, we made the difficult but necessary decision to eliminate approximately 300 positions across our cards services business. Approximately half of those positions were in Central Ohio, where Alliance Data has four locations.”
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. Just because something bad 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. Are you now wondering, Am I Next?