AM I NEXT? NO LOVE AT CARGILL (12/03/24)

Am I Next? Cargill Cocoa & Chocolate restructuring.

DECEMBER 3, 2024 — MAJOR RESTRUCTURING WITH 5% REDUCTION IN FORCE

The company has announced a significant restructuring that will impact about 5% of its workforce as part of its 2030 restructuring strategy. Approximately 8,000 employees will be affected.

According to CEO Brian Sikes, “The majority of these reductions will take place this year. They’ll focus on streamlining our organizational structure by removing layers, expanding the scope and responsibilities of our managers, and reducing duplication of work.”

“We have to simplify and streamline our operations, improve the speed and efficiency of our work, more competitively manage our costs and capital, and respond to asks from you and our customers to be an easier company to work for and with, Cargill can be the world’s most consequential food and agriculture company. And before the end of this decade, we will.”

JUNE 13, 2024 — 178 EMPLOYEES IN FRESNO, CALIFORNIA

Cargill Meat Solutions will lay off 178 employees after its Fresno operation was acquired by Hanford, California-based Central Valley Meat to expand its own operations. Separations are expected to occur on August 4, 2024.

According to a company spokesperson, “We are sad to see the people impacts and are committed to providing support and resources.”

JANUARY 30, 2024 — 111 IN NASHVILLE, TENNESSEE

Cargill Meat Solutions Corp. expects to lay off 111 people at its facility in Nashville, Tennesee.

A company spokesperson noted that the company’s North American protein business would move production for most of its crumbles product line from Nashville, Tennessee to Columbus, Nebraska, and Fort Worth, Texas facilities.

“In doing so, we’ll maximize production of cooked items used in prepared foods, such as pizza, burritos, soups, and hot snacks, for our customers. And we’ll position Cargill’s value-added protein portfolio for stronger, longer-term growth.”

“This was a challenging decision given its people impact. However, we are confident in the care and support we are providing, as well as that it is the right move to make for the future of our business. We will continue to produce pepperoni from Nashville, and there will be no disruption in delivering any of our cooked crumbles products to our customers during this transition.”

APRIL 23, 2021— Original post…

Wayzata, Minnesota-based Cargill, the global commodity and food producer, has announced that Cargill Cocoa & Chocolate, a supplier of high quality cocoa and chocolate products, will be relocating some operations from its Milwaukee, Wisconsin facility to the company's other plants and outsource part of its packaging and shipping operation to a third-party vendor.

According to a company filing, "The Company has made the decision to simplify operations and focus on our core activities of making chocolate and molding. As a result, we are permanently discontinuing the operation of liquor grinding, dry grind, and retail packaging at the Milwaukee facility.

This reduction in force is expected to result in the permanent elimination of approximately 80 positions – 12 salaried and 68 hourly positions. The Company expects to begin the process of winding down the operations that will be discontinued soon and for positions to be eliminated on or around June 5, 2021."

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 NEW RELIC (08/19/22)

Am I Next? New Relic Restructuring.

AUGUST 19, 2022 — MORE RESTRUCTURING WITH 90 LAYOFFS

From the company’s 8-K Securities and Exchange Commission filing…

On August 17, 2022, the Board of Directors of New Relic committed to a restructuring plan to realign its cost structure with its business needs as the Company moves to focus its resources on top priorities. In connection with the restructuring plan, the Company will be reducing its workforce by approximately 90 employees in the United States, and up to 20 internationally.

APRIL 19, 2021— Original post…

San Francisco, California-based New Relic, a cloud-based analytics and performance software developer, is continuing their restructuring efforts to compensate for lower revenue streams, increasing costs, and a business model change from a subscription model to pay for what you use consumption model. The restructuring will impact 160 employees.

According to a Securities and Exchange Commission filing...

"The company has committed to a restructuring plan to realign its cost structure to better reflect significant product and business model

innovation over the past 12 months. The Company expects that go-to-market operations in its new consumption-based business model will be more efficient, thus requiring less investment, than in its former more traditional subscription model.

In an effort to eliminate historical barriers to product adoption, the Company is making adjustments to increase its emphasis on overall product experience and reorient its sales organization around customer success. In furtherance of this strategy shift, the Company intends to reallocate some spending to increase its investment on research and development.

The Company believes these initiatives will better align resources to provide further operating flexibility and position the business for its long-term success. In connection with the restructuring plan, the Company will be reducing its workforce by nearly 120 employees in the US, and up to 40 internationally."

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? MIMECAST

Am I Next? Mimecraft reduction in force — restructuring.

Lexington, Massacusetts-based Mimecast, an email security vendor, has announced a restructuring plan that will reduce its workforce by 80 employees,

The cost-cutting effort will help the company redeploy assets to enterprises while leveraging automation and efficiency for small and midsize business customers.

The company acknowledged that the SolarWinds hackers compromised a security certificate used by Minecraft customers to authenticate the company's products to Microsoft 365 products.

Mimecast CEO Peter Bauer speaking of the hack, “Our customers, and larger enterprises, in particular, understand that this is an unfortunate reality of operating today, and have been highly collaborative with us throughout this process. We remain in close contact with them, but we believe that the steps we have taken to isolate and remediate the identified threat have been effective.”

Bauer also noted, "Mimecast plans to expand and strengthen its enterprise team to give those clients a customized, higher-touch experience. It’s never easy to have colleagues depart, especially in an environment as tough as this one. And we did not make this decision lightly. However, we are confident that this is the right decision for the business and essential to being able to invest in the right areas and achieve our goals.”

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?