AM I NEXT? SNOWFLAKE: EVERYWHERE AND NOWHERE

In a Securities and Exchange Commission 8-K filing noting significant company events, Snowflake, Inc., a cloud computing-based data warehousing company, announced that it is actually headquarterless.

"We are a Delaware corporation with a globally distributed workforce and no corporate headquarters. Under the Securities and Exchange Commission's rules, we are required to designate a 'principal executive office.' For purposes of this report, we have designated our office in Bozeman, Montana as our principal executive office, as that is where our Chief Executive Officer and Chief Financial Officer are based."

In reporting its financial results for the first quarter of fiscal 2022, the news release was distributed with the origin header reading, "No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)."

The company will retain its San Mateo, California office and noted that its San Mateo office 983 employees working in California's Bay Area, will continue to "work remotely for the foreseeable future. While we anticipate an eventual return to the office, we do not have a specific timeline for that goal."

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 CLOUDERA

Palo Alto, California-based Cloudera, Inc. a provider of enterprise-level cloud services that were built on open source technology (Apache Hadoop-based software), has announced that it will be acquired by New York, New York-based KKR & Co., a global investment manager, and by New York, New York-based Clayton Dubilier & Rice, LLC, a private equity investment manager, and taken private in a $5.3 billion transaction.

According to a company statement, "Today marks the beginning of an exciting new chapter for Cloudera. Cloudera will become a private company with the flexibility and resources to accelerate product innovation, cloud transformation, and customer growth. Cloudera will benefit from the operating capabilities, capital support, and expertise of Clayton, Dubilier & Rice (CD&R), and KKR – two of the most experienced and successful global investment firms in the world recognized for supporting the growth strategies of the businesses they back."

The struggling company was heavily influenced by activist investor Carl Icahn's New York, New York-based private equity firm which was a majority shareholder. The company appears to have been overwhelmed by competition from cloud services offered by larger rivals as Its competitors include Amazon Web Services, Google Cloud Platform, Microsoft Azure, HP Inc., IBM, Oracle Corp., and Teradata.

Employees should beware as financial managers traditionally restructure enterprises to divest losing activities, improve revenues, and cut costs. Without fail, significantly reducing the workforce through buyouts, layoffs, and attrition.

According to employees, the company had already laid off a large portion of its workforce at Icahn's urging on May 5, 2020.

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 LOON

Mountain View, California-based Loon LLC, formerly an Alphabet (Google) subsidiary devoted to providing internet services to rural communities using high-altitude baloons, has announced that they are winding down operations. At least 151 employees are impacted.

According to various company spokespersons, “Sadly, despite the team’s groundbreaking technical achievements over the last 9 years. The road to commercial viability has proven much longer and riskier than hoped. So we’ve made the difficult decision to close down Loon.” “While we’ve found a number of willing partners along the way, we haven’t found a way to get the costs low enough to build a long-term, sustainable 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. 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?