AM I NEXT? NO LOVE AT BREAD FINANCIAL HOLDINGS

Columbus, Ohio-based Bread Financial Holdings, a marketer of loyalty and marketing services like private label credit cards, has announced the outsourcing of its customer service positions to third-party vendors.

The outsourcing will impact 500 employees, including 130 employees located in Ohio.

According to a company spokesperson, “We have made the difficult but necessary decision to transition more of our customer service roles to existing global customer servicing partners. Bread Financial’s business is strong, and this decision was made to ensure we can continue to successfully and efficiently meet the demands of our evolving business and customer preferences.”

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 VISA

San Francisco, California-based Visa, a multinational electronic payment card services provider, is restructuring its international business and reducing its workforce.

The reduction in force will impact 1,400 employees and contractors, with the majority of positions involving technology positions, while the rest will focus on merchant sales and global digital partnerships roles. Layoffs are scheduled to occur before the end of 2024.

According to a spokesperson, The company continually evolves to serve clients and support growth, which can lead to eliminating some roles.”

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 WEX

Portland, Maine-based WEX, a provider of payment processing and information management services to commercial and government vehicle fleets, has announce a cost-containment initiative.

The initiative will impact 375 technology-related employees, or 5.2% of its workforce. This follows multiple rounds of layoffs in the last four years.

A company spokesperson noted, “As the technology environment continues to change rapidly, it is imperative that WEX continues to evolve its business to support innovation and maintain its position as an industry leader. These changes, while difficult, will help us focus our resources, promote agility and efficiency, and further position WEX for long-term success."

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?