AM I NEXT? NO LOVE AT ENERVEST

Houston, Texas-based EnerVest, a private equity firm that specializes in shale drilling and owns and manages petroleum assets for itself and other clients, has announced that it will be laying off 111 employees at its Houston headquarters commencing June 28, 2001

According to a company spokesperson, “These layoffs have been caused by unforeseeable business circumstances outside of the Company’s control, including the COVID-19 pandemic and related decreases in customer demand."

These have been challenging times for the industry, and in an effort to right-size our company and ensure a successful future, EnerVest made the difficult decision to separate 111 employees from our Houston office."

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?

AM I NEXT? NO LOVE AT SEADRILL

Hamilton, Bermuda-based Seadrill, deepwater drilling contractor for the oil and gas industry thatoperates semi-submersible platforms, jackup rigs and drillships, has announced that its Houston, Texas-based subsidiary will be laying off 162 employees as it idles its West Neptune drilling rig located in the Gulf of Mexico. A process known as "cold-stacking."

According to a statement issued by the company, "The inability to secure additional work for the West Neptune in the face of the current market and other conditions is sudden, unexpected, and outside of Seadrill’s control."

Previously, Seadrill announced that it would 168 workers from the West Auriga Rig and 135 from the Sevan Louisiana Rig in 2020 due to a lack of work. The company is, again, involved in bankruptcy proceedings.

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?

AM I NEXT? NO LOVE AT PANASONIC AVIONICS (08/24/2021)

AUGUST 24, 2021 — 221 LAYOFFS IN LAKE FOREST, CALIFORNIA

The company has announced the layoff of 221 workers at its Lake Forest, California facility. The layoffs are scheduled for September 30, 2021.

According to a company spokesperson, “Although we believe we are in the recovery stage of the effects COVID-19 has had on our industry, we don’t expect a full return of customer demand for quite some time.”

MAY 20, 2021 — WHISTLEBLOWER COLLECTS $28 MILLION DOLLARS

The U.S. Securities and Exchange Commission said it awarded more than $28 million to a non-employee whistleblower whose tip helped the regulator and the Justice Department launch investigations that led to bribery charges and 2018 bribery settlements. against Panasonic Avionics, a subsidiary of Japanese electronics company Panasonic Corp. and former executives, The tipster in the Panasonic Avionics case received 10% of the monetary penalties collected from both the SEC and the Justice Department actions. <Source>

MARCH 19, 2021 — Original blog post…

Lake Forest, California-based Panasonic Avionics Corporation, a designer, manufacturer, installer of in-flight entertainment and communications systems to the airline industry, has announced the permanent layoff of 135 employees located at the company's Bothell, Washington facility commencing on April 5, 2021.

The reduction in force decision appears to be driven by the global pandemic which has adversely affected aircraft manufacturing and operations.

Panasonic's in-flight systems have come under some degree of scrutiny for the privacy concerns involving cameras embedded in its purpose-built seat-back in-flight entertainment systems, especially in systems with internet connectivity.

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?