AM I NEXT? NO LOVE AT AMDOCS (07/08/23)

JULY 8, 2023 — 2,000 LAYOFFS IN THE SECOND ROUND, IMPACTING 6.5% OF THE WORKFORCE

According to a company spokesperson, "Amdocs, like other leading global companies, continually assesses the global macroeconomic conditions and takes appropriate measures to ensure sustained growth. As part of this, we periodically initiate efficiency processes while maintaining investments in areas of growth, in line with our strategic plan."

JANUARY 16, 2023 — Original post…

Chesterfield, Missouri-based Amdocs, a communications company specializing in software and services for communications, media, and financial services providers, has announced a reduction in force.

The personnel realignment will impact 3% of the company's workforce and result in 700 layoffs.

According to a company spokesperson, “Amdocs is a sturdy company, undergoing continued growth and with a strong forecast going forward. Even so, out of responsibility and awareness of what is happening in the world, we are required to take actions to maximize our flexibility and efficiency and are doing so carefully and moderately, including reducing the global workforce by between 2%-3%.”

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?

AM I NEXT? NO LOVE AT LIVEPERSON

New York, New York-based LivePerson, a technology platform offering customer engagement solutions using artificial intelligence-driven automated messaging and voice-enabled applications, has announced a strategic reorganization leading to a reduction in force.

The reduction in force will impact 193 employees or approximately 11% of the workforce.

CEO, Robert LoCascio, noted "Yesterday, we announced a strategic reorganization to realign the business to better serve customers and ensure Live Person’s long-term financial success. Approximately, 193 people out of our 1,687 were let go and I know for those people, and the 1,400 people that are here today, this has a significant and emotional impact. There were two other times over our 26 years that we had to restructure the company, once during the dotcom and then when we made a pivot from being a chat company to messaging/AI, and each time we became a stronger and better company. This restructuring will mean different things for different people, but the main goal is to ensure that the 'whole' of the company continues the pursuit of its long-term vision.

"This restructuring was critical to ensure that we are in a healthy position as we now have a clear line of sight to generating strong operating margins and cash flow. Live Person got here because, for over twenty years, we generated cash flow and had a healthy business model. At the end of 2021, we heavily invested and ramped up our teams with the understanding at that time that the demand we saw during Covid would continue. However, what we are seeing now is more of a return to normal patterns of growth and we are course correcting accordingly."

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?

AM I NEXT? NO LOVE AT RINGCENTRAL (11/10/22)

NOVEMBER 10, 2022 — 10% REDUCTION IN FORCE

In a major cost-cutting effort to improve operating margins and bottom-line profits, the company has announced plans to reduce its workforce by 10%, or an estimated 530 employees.

“In addition to the job cuts, the company has reduced travel, IT spending, and marketing costs.”

AUGUST 11, 2022 — Original post…

Belmont, California-based RingCentral, a provider of cloud-based communication and collaboration products and services for businesses, announced company plans to lay off 50 employees at its headquarters offices in Belmont, California.

The layoffs include "more than a dozen senior roles, including a vice president of marketing operations and strategy, a senior systems integration manager, several senior software engineers, and a platform partner go-to-market (GTM) manager.

According to a company spokesperson, “Changing business needs require us to reduce our workforce at the facility permanently. The layoffs, in two rounds of 25 at its Belmont offices, will be effective September 18, 2022, and September 25, 2022.

This was a result of making choices on where to invest to maximize impact and optimize for growth and profitability. We continue to invest in key areas of the business and will continue to hire in those areas to fuel our growth and further strengthen our position as the UCaaS (unified communications as a service) industry leader.”

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?