AM I NEXT? NO LOVE AT FIRSTENERGY

Akron, Ohio-based FirstEnergy, an electric utility that distributes, transmits, and generates electricity, manages energy, and other energy-related services, has announced a new business model and organizational changes.

The restructuring will impact approximately 350 employees, or 3% of its workforce in five states.

A spokesperson noted, “We are eliminating certain roles while expanding others to ensure the company is structured to operate efficiently, deliver an exceptional customer experience, and meet challenges and opportunities now and in the future.”

According to an SEC filing, "On March 24, 2025, FirstEnergy Corp. internally announced organizational changes to Company employees. These organizational changes are intended to align the Company’s organization with its new business model, which is designed to make the Company more efficient and sustainable while placing responsibility and accountability closer to customers, employees and regulators. The changes are also consistent with the Company’s focus on operations and maintenance expense discipline. These organizational changes will result in approximately two hundred employees being reassigned and the Company reducing its workforce by less than three percent."

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 terrible 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. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT GE VERNOVA

Cambridge, Massachusetts-based GE Vernova, the energy spin-off from General Electric, has announced a reduction in force as a response to poor market conditions and technical issues in the offshore wind business.

Approximatel 900 employees are targeted.

The company told a government commission that its new plan reflected “industrywide challenges for wind” and aimed to create “a smaller, leaner and more profitable business.”

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. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT AMERICAN ELECTRIC POWER (08/05/24)

AUGUST 5, 2024 — 6% ACCEPT VOLUNTARY BUYOUTS

"Approximately 1,000 employees participated, and I'm thankful for their contributions to our company and financial outcomes," stated interim CEO Ben Fowke in the company's earnings report. "We expect to see the program's benefits in the latter half of the year, which will help counterbalance rising interest rates and other inflationary pressures as we continue to reinvest in our business to serve our customers." The company noted that the majority of the employees departed on July 1.

Now we wait to see if the voluntary buyouts produce acceptable results or if the company will implement stronger measures.

JANUARY 29, 2024 — Original post…

Columbus, Ohio-based American Electric Power. a major generator and distributor of electric power, has announced a major reduction in force.

The personnel realignment will impact between 270 and 350 employees in multiple operations in AEP's 11-state territory that stretches from Michigan to Texas. It appears that a number of remote workers, including employees in IT and cyber-security roles were impacted.

According to a company statement, "We are committed to supporting them through this transition. This staff reduction is necessary as we look at the roles needed to best meet the expectations of our customers in the face of higher costs of providing reliable service."

Many are wondering how many IT roles were outsourced to TCS (Tata Consultancy Services).

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?