LAYOFFS: NO LOVE AT BOSCH

Am I Next? Cutbacks at Bosch.

Farmington Hills, Michigan-based Bosch,  a manufacturer of automotive systems, has announced that it will lay off 430 workers at its Bosch Charleston Plant in South Carolina. The layoffs will be staged starting mid-2020 and go through 2021.

The plant manufacturers powertrain and chassis control components and plans to eliminate production of diesel powertrain components as it explores the new technology of electric powertrains. The decision was driven by a cyclical downturn in automotive manufacturing and the need to adapt to new technologies being embraced by the company’s customers.

A company spokesperson noted, “In 2020, Bosch estimates global automotive production volume will be reduced by 10% compared to 2017, down some 88.9 million vehicles. Therefore, the automotive industry has to take structural adjustments, and so does Bosch.”   

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?

LAYOFFS: NO LOVE AT HAYNEEDLE

Am I Next? Restructuring at Hayneedle.

Omaha, Nebraska-based Hayneedle, an online furnishing and specialty decor retailer now owned by Walmart, has announced that it would be closing its Omaha corporate headquarters and laying off more than 200 employees and transitioning approximately 100 employees to the company’s nearby customer care call center located in Chalco, Nebraska. The decision was driven by the parent corporations desire to cut costs by consolidating duplicate business functions. The reduction in force comes after Hayneedle’s restructuring and cost containment efforts resulted in the layoff of 239 corporate and call center employees in May, 2019.

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?

LAYOFFS: NO LOVE AT EVO PAYMENTS INTERNATIONAL

Am I Next? EVO Payments International consolidates operations.

Atlanta, Georgia-based EVO Payments International, a global provider of electronic payments processing services, has announced that it will layoff 139 employees at its Portland, Main offices throughout 2020. It appears that  the decision was driven by the company’s desire to consolidate operations at its Dallas, Texas facility. It is believed that a small datacenter and about 10 employees may remain in Portland.

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?