Portland, Maine-based WEX, a provider of payment processing and information management services to commercial and government vehicle fleets, has announce a cost-containment initiative.
The initiative will impact 375 technology-related employees, or 5.2% of its workforce. This follows multiple rounds of layoffs in the last four years.
A company spokesperson noted, “As the technology environment continues to change rapidly, it is imperative that WEX continues to evolve its business to support innovation and maintain its position as an industry leader. These changes, while difficult, will help us focus our resources, promote agility and efficiency, and further position WEX for long-term 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?