AM I NEXT? NO LOVE AT PHILLIPS (12/21/21)

DECEMBER 21, 2021 — GAINSVILLE, FLORIDA UPDATE — INVIVO POSITIONS OUTSOURCED TO PUNE, INDIA

Gainesville, Florida-based Invivo Diagnostic Imaging, a division of Phillips North America specializing in MRI devices used in medical diagnostic imaging, has announced a major reduction in its manufacturing workforce at its Gainesville Florida Facility.

The permanent layoffs will affect 530 employees and will be implemented in phases beginning with the first 330 employees on December 31, 2021, and the remaining 200 employees in February and March 2022.

The production and repair of the facility's magnetic resonance imaging coils are being outsourced to Phillip's expanded manufacturing facility in Pune, India. It appears that Invivo Gainesville will become the center of Philips’ magnetic resonance coil design and advanced development.

From a previous statement, “As part of Philips’ industrial footprint strategy to create fewer, bigger manufacturing sites per region, the company is closing some of its smaller manufacturing sites and focusing on research and design at those locations, while expanding its larger sites.

NOVEMBER 6, 2021 — 330 LAYOFFS IN GAINESVILLE, FLORIDA

The company has notified the State of Florida that it intends to lay off 330 workers by the end of March 31, 2022, with the first group of 49 layoffs in Gainesville, Florida scheduled for December 31, 2021. The layoffs appear to be mostly professional-level engineering employees.

APRIL 2, 2020 — Original post…

Cambridge, Massachusetts-based Phillips North America, one of the largest electronics companies now focusing on health technology, has announced that it will be laying off 20 employers in its Andover, Massachusets office. The layoffs are scheduled for May 2020.

According to a company spokesperson,"This action is based on a previously-announced transition of part of our patient monitoring and analytics operations in Andover, dating from September 2018. The positions were to be transferred to the company's operations in Reedsville Pennsylvania.

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?

LAYOFFS: NO LOVE AT KATERRA (06/03/21)

JUNE 3, 2021 — KATERRA IS CLOSING. LAYING OFF THOUSANDS OF EMPLOYEES AND CONTRACTORS WITHOUT SEVERANCE.

It appears the company now regards Houston, Texas as its “North American Headquarters” and lists facilities or offices in a number of U.S. cities.

And according to published reports, “Katerra is expected to let go of thousands of employees and is likely to walk away from dozens of construction projects it had agreed to build.”

According to a company spokesperson, “Following a thorough review of strategic business alternatives, Katerra has determined that it must wind down the majority of its U.S. business operations, effective immediately. Unfortunately, most of our U.S. employees will no longer be working for Katerra in the near future. The company was exploring “suspended operations, asset sales and divestitures, in- or out-of-court restructuring alternatives and other possible actions.”

The company is currently being managed by New York, New York-based Alvarez & Marsal, a turnaround management and performance improvement specialist firm.

DECEMBER 20, 2019 — Original Post

Menlo Park, California-based Katerra, an off-site technology-driven modular building company is continuing its cost-cutting and restructuring activities. The company has announced that it will close its 250,000-square foot prefabrication “housing component and finish” manufacturing facility and lay off 343 employees, 282 employees in Phoenix, Arizona and 61 employees in Scottsdale, Arizona.

The decision is based on business conditions and the opening of their new “component and finish” factory in Tracy, California which the company claims features a more advanced process involving automated equipment and robotics.

The company has also announced that it will build a massive 600,000 square foot manufacturing facility in San Marcos, Texas. It appears that the company will spin off its software project sometime in the future.

According to published reports, the company appears to be reducing its building commitments while touting a major project backlog and bright overseas operations in India and soon to be in Saudi Arabia. Somehow, this feels like a company that is being tweaked by financial engineers and deal makers as the company acquired 21 companies since it was founded and raised nearly $1 billion of Series D venture capital in 2018.

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?