AM I NEXT? NO LOVE AT PLAID

San Francisco, California Plaid, a financial technology company and the developers of an application programming interface to integrate and get transactional and account data from various financial institutions, has announced a 20% reduction in its workforce.

The reduction will impact 260 employees, primarily in the recruiting teams and support services. It is unknown how many software engineers are at risk.

According to Plaid CEO Zach Perret, “Our pace of cost growth outstripped our pace of revenue growth. I made the decision to hire and invest ahead of revenue growth, and the current economic slowdown has meant that this revenue growth did not materialize as quickly as expected.”

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 PERFORCE / PUPPET

Minneapolis, Minnesota-based Perforce Software, a developer of software used for developing and running applications, including version control software, web-based repository management, developer collaboration, application lifecycle management, web application servers, debugging tools and Agile planning software, has announced the restructuring of its recently acquired Portland, Oregon-based software company Puppet. Puppet is an information technology automation software company designed for system administrators.

The restructuring will affect 15% of Puppet's workforce or approximately 75 employees less than three months after being acquired by Perforce. The reason given was to “balance operational efficiencies with continued innovation and position the company for continued growth.”

A Perforce spokesperson noted, “We recognize and regret this realignment impacts hard-working and talented individuals and we will be working with each of them to ensure the smoothest transition possible.”

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 GOPUFF

OCTOBER 20, 2022 — 1,500 LAYOFFS AND MORE OUTSOURCING

The company is continuing an internal restructuring leading to a 10% reduction in its global headcount, which will impact about 1,500 workers.

According to a company spokesperson, “The most recent impacts to the customer service team were part of this reorganization which we’ve been implementing for the last three months.”

Driver support team members and customer service representatives have seen their positions outsourced to the Philippines.

According to the human resources manager for the customer service team, Jon Bushnel, “As you may be aware, the customer experience team has been undergoing a reorganization with a focus on supporting the broader business strategy and optimization to support our customers. One of the results of this focus is the elimination of certain positions within the team. I regret to share that your temporary position has been impacted by this reorganization and your role has been eliminated, effective immediately.”

AUGUST 1, 2022 — Original post…

Philadelphia, Pennsylvania-based GoPuff, a consumer goods and food "fast" delivery company, has announced that it is closing 76 U.S. micro-fulfillment warehouses and distribution centers and laying off 10% of its global workforce.

The layoffs will impact about 1,500 employees.

According to a company spokesperson, “These shifts are not only accelerating our timeline to profitability, they are taking us back to our roots of keeping profitability at the core of every decision. As part of our efforts to remove overhead and drive operational efficiencies, we have made the incredibly challenging decision of reducing our global workforce by 10%. While difficult, this restructures us to align more closely around business priorities while accelerating our path to profitability.”

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?