Woodland Hills, Los Angeles-based BlackLine Systems, a designer of cloud-based accounting services designed to automate and control financial closing processes, has announced senior management changes and the implementation of a restructuring and cost containment plan that eliminated 9%/ of the company's workforce. “A restructuring plan that is designed to support the Company’s growth, scale, and profitability objectives.”
The plan impacted 166 employees, including 95 headquarters employees and 21 employees located in Pleasanton, California.
According to co-CEO Owen Ryan, “We are working to drive greater accountability and alignment across our partners and clearly defining what we expect from them and what they can expect from BlackLine in return. Importantly, we are accelerating the transition of partners from enablement to commercialization. … As we move forward, we’re trying to make sure that we have the right partners with the right incentives to drive our mutual 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 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?