AM I NEXT? NO LOVE AT ARM

Cambridge, England-based Arm Ltd., a semiconductor chip producer and software design company specializing in CPU chipsets, has announced a major cost-cutting reduction in force that will impact between twelve- to fifteen percent of its workforce, or an estimated 1,000 employees located in the United States and the United Kingdom.

The decision appears to follow the failure of the acquisition of ARM by chipmaker NVIDIA due to global regulatory resistance on anti-trust grounds. NVIDIA will remain a major ARM licensee.

According to a company spokesperson, "Like any business, ARM is continually reviewing its business plan to ensure the company has the right balance between opportunities and cost discipline. Unfortunately, this process includes proposed redundancies across Arm’s global workforce."

Japanese conglomerate Softbank appears to be proceeding with its backup plan of taking ARM public -- which might mean greater employee layoffs

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? IS THE HANDWRITING ON THE WALL AT IBM AS THEY SPINOFF KYNDRYL

Armonk, New York-based IBM, the iconic computer manufacturer, software developer, and technology services provider, has announced the spinoff of its "Independent Managed Infrastructure Services Business" into a new entity to be named Kyndryl by the end of 2021. The new company will be headquartered in New York City, New York.

In announcing the spinnoff, the enterprise was described as a service company that "designs, runs and modernizes the critical technology infrastructure of the world's most important businesses and institutions."

In his best corporate-speak, the first Chief Executive Officer of Kyndryl, Martin Schroeter, said, "Kyndryl evokes the spirit of true partnership and growth. Customers around the world will come to know Kyndryl as a brand that runs the vital systems at the heart of progress, and an independent company with the best global talent in the industry. The decision to base our corporate team in one of the world's most vibrant and global urban centers underscores our commitment to the economic health of cities."

This split may impact the workforce in unknown ways as employees are split between the companies.

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 HP, INC. (11/22/22)

NOVEMBER 22, 2022 — MASS LAYOFFS AHEAD

The company has announced plans to implement its cost-containment initiative known as the “Future Ready Transformation Plan,” which anticipates 4,000 - 6,000 layoffs globally. The company is estimating the measures will save $1.4 billion by the end of 2025.

OCTOBER 4, 2019 — Original post…

Palo Alto, California-based HP, the iconic hardware and software maker, has announced a major multi-year restructuring program that can result in a dramatic reduction in force of up to 9,000 employees.

According to a company statement …

“We are taking bold and decisive actions as we embark on our next chapter,” said Enrique Lores, incoming President and Chief Executive Officer, HP Inc. “We see significant opportunities to create shareholder value and we will accomplish this by advancing our leadership, disrupting industries and aggressively transforming the way we work. We will become an even more customer-focused and digitally enabled company, that will lead with innovation and execute with purpose.”

“HP Inc. announced a fiscal year 2020 restructuring plan to simplify its operating model and become a more digitally enabled company. The company expects to reduce gross global headcount by approximately 7,000-9,000 employees through a combination of employee exits and voluntary early retirement. The company estimates that these actions will result in annualized gross run rate savings of about $1.0 billion by the end of fiscal 2022.”

For those wishing to access a webcast of the formal presentation with financials, it can be found at www.hp.com/investor/SAM2019.

As the company moves beyond personal computers and printers toward end-to-end services to consumers, one might consider the creation of an online “cloud” system with hosted applications and accessible with a lightweight browser.

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?