AM I NEXT? NO LOVE AT BAYER (05/19/24)

MAY 19, 2024 - LAYOFFS ACKNOWLEDGED WITH MORE AHEAD

The company disclosed that it made 1,500 job cuts in Q1, the first three months of 2024, with two-thirds being management roles. The company's workforce has been reduced from fourteen to eight positions.

Additional layoffs are expected with "layoffs to be completed by the end of 2025 at the latest. We are adjusting our U.S. structure, resulting in some positions being eliminated or redesigned and a few new roles being created.”

CEO Bill Anderson noted, “Our senior leadership circle is already considerably smaller than it was a year ago. We’re consolidating roles, designing teams for more impact, and taking out layers. We’ve said from the beginning that our focus really isn’t on a head count number. Our focus is really relentless on making sure that every job in the company is oriented around the mission. That’s one of the reasons this is very different from a typical restructuring exercise, where the management decides what’s the number and then just sort of dispenses targets. We haven’t done that, and we’re not going to do that. People are just amazed at how much more they can get done when they have the authority with their colleagues to make the decisions and move.”

NOVEMBER 26, 2019 — LAYOFFS HIT MISHAWAKA, INDIANA CUSTOMER LOGISTICS SERVICE CENTER

The company has announced that it laid off 172 employees at its customer logistics service center in Mishawaka, Indiana. The service center supports orders and customer service for Bayer's Consumer Health and Pharmaceuticals business.

The company previously announced its plans to completely close the center and claimed that the closure would take 18 months to complete.

OCTOBER 17, 2019 — MASS LAYOFF IN ROBINSON TOWNSHIP, PENNSYLVANIA

The company has announced that it will be permanently laying off 487 employees by the end of December 2019 when as it continues a planned two-year permanent closure of its Robinson, Pennsylvania site that previously served as the company’s North American headquarters.

A company spokesperson has noted, “As we also said previously, Bayer is making this move to remain competitive and successful in the marketplace. These job reductions will ensure that we appropriately meet the current and future needs of our customers and businesses for years to come."

NOVEMBER 30, 2018 — Original post…

Werner Baumann, Chairman of the Board of Management of Bayer AG, announced that approximately 12,000 Bayer employees will be laid off worldwide in addition to exiting Bayer’s Animal Health business, divesting the company’s Consumer Health brands Coppertone (tanning and skincare) and Dr. Scholl’s (foot care), and selling its 60-percent interest in Currenta, a site services provider in Germany.

In the expected corporate-speak, Baumann noted, “We have made very good progress with Bayer’s strategic development in recent years. As we now proceed with these measures, we are laying the foundation to sustainably enhance Bayer’s performance and profitability. With these measures, we are positioning Bayer optimally for the future as a life science company. These changes are necessary and lay the foundation for Bayer to enhance its performance and agility. With these measures, we aim to take full advantage of the growth potential for our businesses. We are aware of the gravity of these decisions for our employees. As in the past, we will implement the planned measures in a fair and responsible way.”

It is anticipated that most of the job losses will occur in Germany and those employees most at risk will have middle-management roles or those supporting merged (e.g. Monsanto) or eliminated operations.

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 IN NEXT? THE HANDWRITING IS ON THE WALL AT DENTSPLY SIRONA (02/20/23)

FEBRUARY 20, 2023 — RESTRUCTURING WITH A 10% REDUCTION IN FORCE

The reduction in force targets approximately 1,500 employees.

Simon Campion, Dentsply CEO, noted, “The actions we are planning follow our comprehensive review of the business and will enable Dentsply Sirona to improve its execution, build a winning portfolio, return to growth, and generate consistent returns. We are acting with urgency to implement this operating model, which we believe will drive overdue organizational integration and improve organizational accountability and efficiency.

“While actions that impact our team are difficult, I am confident that this plan, along with anticipated outcomes from other workstreams, will set Dentsply Sirona on a trajectory to achieve stronger, more predictable results and add significant value for all stakeholders.”

NOVEMBER 21, 2018 — Original post…

York, Pennsylvania-based Dentsply Sirona, one of the largest manufacturers of dental equipment and consumable supplies, is planning to reduce the headcount at its York headquarters. If new employees are to be hired, it appears that the company has decided to add those positions in their Charlotte, North Carolina office, warehouse, and training facilities.

In reporting Dentsply’s Third Quarter results, it was reported that Q3 revenue dropped 8% and a comprehensive restructuring review is under consideration.

According to CEO Don Casey, “We fully realize that our recent performance has been unacceptable, and that is why we are taking aggressive action to grow revenues, expand margins and simplify the organization. During the implementation of the program, we have prioritized maintaining the Company’s revenue stream and serving our customers, including leveraging our existing infrastructure and outside resources to coordinate our activities. We are dedicated to supporting our talented teams through this important and much-needed transformation. Our path forward will require making difficult decisions, but nevertheless, we are confident that the steps announced today will ensure growth over the long term, and drive significant value for our shareholders."

Specifically mentioned in the Q3 report, initiatives include: “Streamlining sales and marketing,” “Consolidate the Company’s Dental Strategic Business Units (SBUs) organization from 10 to 4 units to better unlock the synergies that exist within the various businesses,” “Optimize its corporate infrastructure to support its enhanced business model,” and most troubling of all, “Reduce global workforce by approximately 6-8%.”

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 NATIONWIDE INSURANCE (UPDATED)

JUNE 27, 2020 — HARLEYSVILLE, PENNSYLVANIA OFFICE CLOSURE, 780 EMPLOYEES NOW PERMANENT HOME WORKERS

With the closure of the Harleysville campus, all of the employees will become permanent homeworkers.

According to a company spokesperson, “We've been investing in our technological capabilities for years, and those investments really paid off when we needed to transition quickly to a 98 percent work-from-home model. Our associates and our technology team have proven to us that we can serve our members and partners with extraordinary care with a large portion of our team working from home.”

With the rise in self-service options featuring bots driven by artificial intelligence expert systems. fewer and fewer humans will be required in forward-facing customer service operations.

MARCH 30, 2020 — NATIONWIDE LAYOFF OF 250 EMPLOYEES WITH AN ADDITIONAL 320 EMPLOYEES FURLOUGHED

According to a company spokesperson, “These staffing reductions come as COVID-19 is making consumers increasingly price-sensitive and as the company accelerates implementation of new virtual claims and underwriting technology. The eliminated positions will be property and casualty claims, service and operations roles across the country. The decision was made in order to streamline operations and offer more price-competitive products.” Layoffs will be effective on June 8, 2020.

The furloughed employees will be property and casualty associates and start on June 8, the company said.

MARCH 7, 2020 — FURTHER INFORMATION ON OUTSOURCING — 500 POSITIONS AT RISK

The company has announced that it will be outsourcing a portion of its commercial insurance processing operations to a third-party vendor.

Of an estimated 500 layoffs, 200 are in Des Moines, Iowa, 175 in Gainesville, Florida, and the rest scattered around the nation.

The rest are in small pockets throughout the country.

Original post …

Columbus, Ohio-based Nationwide, the iconic insurance and financial services company, is implementing a large-scale restructuring effort that will result in the loss of approximately 1,100 jobs in Columbus, Ohio and elsewhere across the country. Affected are employees in IT, marketing, property and casualty operations, and bank organizations.

According to a Nationwide spokesperson, “We are making these changes from a position of strength and stability to position the organization for long-term success and growth. As the company implements new technologies and modernizes for the future, its workforce requirements are changing. "When we started our transformational journey, some seven years ago, we anticipated we would begin to realize the benefits in 2019. Our digital modernization, our distribution evolution and the formation of emerging partnerships all position us to meet customers where they are. As we implement new technologies and become more efficient across our businesses, our work force requirements are changing."

In addition to affected employees, Nationwide is also transitioning its 2,000 captive insurance agents to an independent agent model that will significantly change how the company sells insurance. Additional cost-cutting measures include the relocation of employees from leased space to its centralized location in Grandview Yard located in Grandview Heights, Ohio.

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?