AM I NEXT? NO LOVE AT CLOROX COMPANY

Oakland, California-based Clorox Company, a manufacturer and marketer of consumer and professional cleaning products, has announced an operational reorganization and reduction in force.

The reduction in force will impact approximately 4% of the company's workforce or 200 nonproduction employees.

According to CEO Linda Rendle, “While I’m energized about these changes and what they enable for us as an enterprise, we did have to make some difficult decisions today with the elimination of approximately 200 positions, or roughly 4% of our nonproduction workforce. Thankfully, the total number of people impacted is less than that as we were able to redeploy some teammates to other areas of the business and close some open positions.”

It’s possible that more layoffs are on the way

According to financial media reports, the company is seeking to sell its money-losing vitamins business. Goldman Sachs will serve as an advisor to the company.

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 ACTBLUE

Chicago, Illinois-based Laramar Group, a vertically-integrated real business that grows and adapts to the market—from investments and asset management to construction and due diligence, has announced that it closing its property management operations and outsourcing to third-party firms.

The reduction in force will impact 76 employees located in Denver, Colorado, or about 75% of the Denver area workforce.

A company spokesperson noted that the company will adjust to focus on investments and asset management and ends its property management arm.

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 LENDINGTREE

Charlotte, North Carolina-based LendingTree, an online comparison website that connects consumers with select financial institutions, has announced a 13% reduction of its workforce to reduce operating costs.

The reduction will impact approximately 163 employees.

As per an SEC filing, "On March 24, 2023, LendingTree committed to a workforce reduction plan that is intended to reduce operating costs. The Reduction Plan includes the elimination of approximately 13% of the Company’s current workforce. As a result of the Reduction Plan, the Company estimates that it will incur approximately $5.6 million in severance charges in connection with the workforce reduction, consisting of cash expenditures for employee separation costs of approximately $4.6 million and non-cash charges for the accelerated vesting of certain equity awards of approximately $1.0 million."

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?