Belmont, North Carolina-based Piedmont Lithium, a mining company specializing in the economic mineral recovery of lithium, has continued its reduction in force, moving beyond its 27% reduction in February 2024 to
completing an additional 32% reduction in October 2024 as part of an announced ongoing cost-cutting plan,
CEO Keith Phillips noted, “While lithium markets remain challenging, we have been successful in strengthening our financial position through reductions in operating costs, minimized spending on discretionary capital items, and the arrangement of low-cost working capital financing through a trading company partner. We believe we are uniquely positioned to deliver lithium hydroxide as a key resource to the market.”
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?