AM I NEXT? NO LOVE AT AMDOCS (07/08/23)

JULY 8, 2023 — 2,000 LAYOFFS IN THE SECOND ROUND, IMPACTING 6.5% OF THE WORKFORCE

According to a company spokesperson, "Amdocs, like other leading global companies, continually assesses the global macroeconomic conditions and takes appropriate measures to ensure sustained growth. As part of this, we periodically initiate efficiency processes while maintaining investments in areas of growth, in line with our strategic plan."

JANUARY 16, 2023 — Original post…

Chesterfield, Missouri-based Amdocs, a communications company specializing in software and services for communications, media, and financial services providers, has announced a reduction in force.

The personnel realignment will impact 3% of the company's workforce and result in 700 layoffs.

According to a company spokesperson, “Amdocs is a sturdy company, undergoing continued growth and with a strong forecast going forward. Even so, out of responsibility and awareness of what is happening in the world, we are required to take actions to maximize our flexibility and efficiency and are doing so carefully and moderately, including reducing the global workforce by between 2%-3%.”

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 TOPPAN MERRILL

Saint Paul, Minnesota-based Toppan Merrill, a full-service financial printing and communications solutions provider, has announced the closure of its Grove City, Ohio, printing facility.

The closure will impact 186 employees with layoffs commencing February 17, 2023, and continuing through March 3, 2023. Additional layoffs are scheduled from mid-March 2023 to late July 2023.

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 HAMPDEN PAPERS

Louisville, Kentucky-based LLFlex, a manufacturer of packaging materials and a provider of industrial laminate solutions targeted at the building & construction, wire & cable, and consumer packaging & other printable substrate markets, has announced a major layoff at their recently acquired Holyoke, Massachusetts-based Hampden Papers.

Hampden Papers, a premium paper converter specializing in paper, foil, film, holographic and transfer metalized lamination, sheeting, and embossing will see a reduction in force of 49% and much of their operations and equipment transferred to the company's new 73,500-square-foot fully integrated manufacturing facility located in High Point, North Carolina.

LLFlex's CEO, Victor Dixon, noted, “As we analyze and rationalize our manufacturing network along with looking at customer locations and logistics optimization, I believe it will at a minimum allow us to accelerate our hiring plans in North Carolina and may ultimately lead towards more job opportunities locally as well. We are moving several pieces of equipment to North Carolina including laminating, slitting, embossing and sheeting. Most of the equipment is slated to be transferred to High Point."

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?