AM I NEXT? NO LOVE AT COUNTRY CLUB MORTGAGE

Visalia, California-based Country Club Mortgage, a residential mortgage, underwriting, and loan processing company, has announced facility closures and a mass layoff.

The layoffs target 105 California staffers in Visalia (69 in total), Fresno (24), Hanford (3), Exeter (3), and Selma (6), including underwriters, processors, disclosure and document specialists, and the company's management– the president and CEO, the finance manager and the credit risk officer.

It is unclear if Vero Mortgage, a division of Country Club Mortgag, is also involved.

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 CORNING INCORPORATED (02/19/24)

FEBRUARY 19, 2024 — 107 EMPLOYEES IN PAINTED POST, NEW YORK

The company has announced the shutdown of one of its production lines at its Erwin facility in Painted Post, New York on May 19, 2024, and will impact 107 employees.

According to a company spokesperson, “The Erwin Plant, in general, helps support automotive emissions control and clean air technology, and the number one thing we would like people to know is that the Erwin Plant is not closing. It will stay open and continue to operate. This one line is just shifting to a different facility. The move will help Corning better leverage its high-volume capabilities and best utilize its manufacturing footprint to continue operating most efficiently,”

JANUARY 30, 2024 — Original post…

Corning, New York-based Corning Incorporated, a specialty glass, ceramics, and related materials and technologies supplier, has confirmed a mass reduction in force in response to lower business prospects in the coming months.

The reduction impacted 1,150 employees.

A company statement noted, “Near-term revenues across our businesses are expected to continue to be lower than previous outlooks. As a result of these macroeconomic challenges, we took the difficult but necessary decision to evaluate our capital and operating costs, which resulted in a limited reduction of our global workforce. We remain confident in our market opportunities and will continue to invest to capture growth across our businesses going forward,"

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 AMERICAN ELECTRIC POWER (08/05/24)

AUGUST 5, 2024 — 6% ACCEPT VOLUNTARY BUYOUTS

"Approximately 1,000 employees participated, and I'm thankful for their contributions to our company and financial outcomes," stated interim CEO Ben Fowke in the company's earnings report. "We expect to see the program's benefits in the latter half of the year, which will help counterbalance rising interest rates and other inflationary pressures as we continue to reinvest in our business to serve our customers." The company noted that the majority of the employees departed on July 1.

Now we wait to see if the voluntary buyouts produce acceptable results or if the company will implement stronger measures.

JANUARY 29, 2024 — Original post…

Columbus, Ohio-based American Electric Power. a major generator and distributor of electric power, has announced a major reduction in force.

The personnel realignment will impact between 270 and 350 employees in multiple operations in AEP's 11-state territory that stretches from Michigan to Texas. It appears that a number of remote workers, including employees in IT and cyber-security roles were impacted.

According to a company statement, "We are committed to supporting them through this transition. This staff reduction is necessary as we look at the roles needed to best meet the expectations of our customers in the face of higher costs of providing reliable service."

Many are wondering how many IT roles were outsourced to TCS (Tata Consultancy Services).

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?