AM I NEXT? NO LOVE AT THE FEDERAL RESERVE

Washington, D.C.-based Federal Reserve, a privately-owned corporation with a quasi-government charter to act as the United States Central Bank, has announced a reduction in force affecting just over 1% of the Federal Reserve's workforce.

Approximately 300 employees will be impacted, primarily affecting technology positions at the central bank’s 12 regional reserve banks.

The decision appears to be driven by the implementation of cloud-based computer software, and positions connected to the payment processing systems which are being consolidated as paper check volumes decline in favor of electronic transactions.

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 JPMORGAN CHASE

New York City, New York-based JPMorgan Chase, the iconic multinational financial services company, has announced a major reduction in force.

The personnel adjustment will impact 1,000 employees (15%), across departments including consumer banking, commercial banking, asset and wealth management, as well as technology and operations at the failed San Francisco-based First Republic Bank, which the firm acquired from the FDIC.

According to a company spokesperson, "Since our acquisition of First Republic on May 1, we've been transparent with their employees and kept our promise to update them on their employment status within 30 days. We recognize that they have been under stress and uncertainty since March and hope that today will bring clarity and closure."

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 MARQETA

Oakland, California-based Marqeta, a financial technology company offering a payment card issuing platform to help third parties like Square, Affirm, DoorDash, Kabbage, and Instacart build and offer card services to their customers, has announced a reduction in force.

The reduction will impact 15% of the company's workforce or approximately 150 employees.

The decision was driven by a cost-cutting initiative designed to return the company to profitability.

According to a company statement, "The reduction in headcount is part of the current management team’s broader prioritization of organizational efficiency in order to put our company on a sustainable long-term path to profitability. The cuts will take place in the next few weeks.

“As we expand our business and mature as a public company, we may find it difficult to maintain our corporate culture while managing this growth as our employees and other service providers increasingly work from geographic areas across the globe."

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?