AM I NEXT? NO LOVE AT SHENTEL - SHENANDOAH TELECOMMUNICATIONS

Am I Next? Shennandoah Telecommunications divests wireless to T-Mobile.

Edinburg, Virginia-based Shenandoah Telecommunications Company, a telecommunications common carrier providing wireless and wireline network in rural Virginia, West Virginia, Maryland and Pennsylvania, has announced they are proceding with a restructuring plan that will impact 340 employees across their six-state service footprint who support wireless operations and who will not automatically transfer to T-Mobile as part of a divestiture transaction of the company's wireless assets and operations to Bonn, Germany-based T-Mobile.

According to Christopher E. French, President and CEO of SHENTEL, "We announced to our employees today the necessary plans to begin to reduce the size of our workforce for the anticipated divestiture of our wireless assets and operations. Although this change was anticipated, its impact will cause disruption and uncertainty for the affected employees and their families.”

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 OVINTIV

Am I Next? Divestiture layoffs at Ovintiv.

Denver, Colorado-based Ovintiv, one of the largest producers of oil, condensate and natural gas in North America, is continuing its investor-directed divestiture program to reduce outstanding debt. The company recently sold its Eagle Ford operactions, including 42,000 acres with 437 producing wells, to Denver-based Validus Energy for $880 million.

The divestiture will impact apprximately 95 employees, about half the workers at the company's Karnes City, Texas facility communcing July 31, 2021.

According to a company spokesperson, "The Eagle Ford announcement continues our track record of unlocking value from non-core assets." The company has said it expects to achieve its $4.5 billion debt target in the first half of 2022, which could mean additional asset divestitures in the near future.

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?