AM I NEXT? NO LOVE AT LOGITECH (06/13/23)

Stephen Levine April 4, 2023

JUNE 13, 2023 — EMPLOYEES BEWARE

Chief Executive Officer and President Bracken Darrell is resigning from his role effective immediately and will be leaving the company.

Darrell will remain with the company over the coming month to facilitate the transition while a search for a replacement is conducted.

Look for layoffs as the new CEO attempts to prove their worth to the Board and Wall Street.

APRIL 4, 2023 — Original blog…

Newark, California-based Logitech, the Swiss multinational manufacturer of computer peripherals and software, has announced a major global re-organization leading to a reduction in force.

The personnel realignment will impact 300 employees.

According to Chief Executive Officer Bracken Darrell, while discussing quarterly performance noted, "These quarterly results reflect the current challenging macroeconomic conditions, including currency exchange rates and inflation, as well as lower enterprise and consumer spending."

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 DELL

Stephen Levine February 17, 2023

AUGUST 10, 2024 — MAJOR BLOODSHED IMMINENT, 15,000 EMPLOYEES

The company is preparing to it would lay off about 15% of its workforce or about 15,000 employees.

In a joint memo, sales executives Bill Scannell and John Byrne noted, “Through a reorganization of our go-to-market teams and an ongoing series of actions, we are becoming a leaner company,” We’re streamlining layers of management and reprioritizing where we invest.”

“We aim to grow faster than the market by seamlessly meeting our customers and partners online, virtually, or in person, to unlock the value of modern IT and AI for their organizations.”

FEBRUARY 17, 2023 — Original post…

Round Rock, Texas-based Dell, the iconic computer company, has announced a reorganization and cost-cutting initiative.

The reduction in force will impact 5% of Dell's workforce, or 6,650 employees.

According to an SEC statement, "Dell Technologies announced to its employees reorganizations and actions to align its investments more closely with its previously discussed strategic and customer priorities. These actions will result in a reduction of approximately 5% of the Company’s workforce as the Company continues to take prudent steps in light of a challenging global economic environment."

Co-Chief Operating Officer Jeff Clarke noted, "The company is experiencing market conditions that continue to erode with an uncertain future. Previous cost-cutting measures, including a pause on hiring and limits on travel, are no longer enough. The department reorganizations, along with the job reductions, are viewed as an opportunity to drive efficiency. We’ve navigated economic downturns before and we’ve emerged stronger. We will be ready when the market rebounds."

AM I NEXT? NO LOVE AT ROKU (09/16/23)

Stephen Levine November 30, 2022

SEPTEMBER 16, 2023 — 10% REDUCTION IN FORCE

According to an SEC filing… “In light of Roku, Inc.’s continuing evaluation of its operations, on September 5, 2023, the Company determined to implement additional measures to continue to bring down its year-over-year operating expense growth rate by consolidating its office space utilization, performing a strategic review of its content portfolio, reducing outside services expenses, and slowing its year-over-year headcount expense growth rate through a workforce reduction and limiting new hires, among other measures. The workforce reduction is expected to impact approximately 10% of the Company’s employees. charge will be incurred in the

More than 300 employees are targeted for layoff.

NOVEMBER 30, 2022 — Original post…

San Jose, California-based Roku, a manufacturer of digital media player hardware to access streaming media content from online services, has announced a cost-cutting initiative leading to a reduction in force.

Approximately 200 employees, including 93 employees in San Jose, California will be impacted.

According to a company statement, "Taking these actions now will allow us to focus our investments on key strategic priorities to drive future growth and enhance our leadership position.