AM I NEXT? NO LOVE AT INFORMATICA (11/08/23)

NOVEMBER 8, 2023 — 10% OF WORKFORCE TARGETED

The company announced plans to lay off 10% of its workforce, or around 545 employees, to align its cost structure with its business strategy.

Today, the Company announced a plan to reduce its workforce by approximately 545 employees, representing 10% of the Company’s current global workforce, and to reduce its global real estate footprint. The November Plan is intended to further streamline the Company’s cost structure as a direct result of its cloud-only, consumption-driven strategy announced in January 2023.

The increased focus and simplicity of the CoCd strategy enable the Company to deliver continued AI-powered product innovation and strong Cloud Subscription ARR growth with a lower expense base and higher operating margins.

Potential position eliminations in each country are subject to local law and consultation requirements, which may extend this process beyond the first quarter of 2024 in limited cases. The charges that the Company expects to incur are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual expenses may differ materially from such estimates.

In January, we transitioned to a cloud-only, consumption-driven strategy, which is the final leg of our multi-year plan to drive profitable growth. We’ve already seen significant benefits of these initiatives undertaken throughout this year, including the strong momentum and execution reflected in today’s earnings results. Our next phase of growth allows us to further streamline our global cost structure without reducing our growth expectations. We intend to finish our transition to a cloud-only business model while maintaining sales capacity, best-in-class product innovation, and customer satisfaction. We have strong momentum heading into the fourth quarter and look forward to sharing more about our strategy at Investor Day.”

JANUARY 30, 2023 — Original post…

Redwood City, California-based Informatica, a software development company providing enterprise-level cloud data management, integration, and analysis services, has announced a change in leadership along with a 7% reduction in force.

The reduction in force will impact 450 employees.

According to an SEC filing, "The reduction is intended to better align the company’s global workforce and cost base with its cloud-focused strategic priorities and current business needs."

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 DESERT SPRINGS HOSPITAL AND MEDICAL CENTER

Las Vegas-based Valley Health System, an operator of regional hospitals, has announced that Desert Springs Hospital and Medical Center, a regional hospital serving the Las Vegas area, will cease hospital operations and convert to a free-standing emergency room.

The conversion will impact 970 employees when inpatient services cease on or about March 11, 2023.

According to a hospital spokesperson, “Although Desert Springs Hospital has performed admirably during this extraordinary time, we continue to encounter existing and new challenges as an organization. As you know, we are an aging facility with complex physical constraints. Due to those factors, the assessment of the future state of the hospital has been under review for some time. The required renovations would be highly disruptive to operations and require a significant capital investment."

“Coupled with the fast-changing landscape of healthcare, which includes labor shortages and cost increases due to inflation, these unanticipated challenges have expedited the need to adapt our operations.”

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 EMERGENT BIOSOLUTIONS (05/02/24)

MAY 2, 2024 — 300 EMPLOYEE LAYOFFS

The company has announced that it plans to continue its restructuring plan, shut down its Baltimore, Maryland Bayview drug substance manufacturing facility and its Rockville, Maryland drug product facility, and lay off approximately 300 employees companywide.

According to CEO Joe Papa, “Today’s actions are about the future of Emergent. We have put in place a multi-year plan to position Emergent for sustainable and long-term success, and that starts by stabilizing our operations, strengthening our balance sheet, and managing our debt.”

“Decisions like these are never easy as they have a real impact on many of our dedicated colleagues. We are committed to providing resources to those affected as they transition to new opportunities.”

AUGUST 9, 2023 — 400 EMPLOYEE LAYOFFS

The company has announced that it plans to lay off about 400 employees across all businesses and reduce operations at its Bayview facility in Baltimore, Maryland, and the facility in Canton, Massachusetts.

According to a company statement, “The actions we are taking will further strengthen our core products business and financial foundation. This will better align Emergent’s businesses with a focus on our core products and delivering for the needs of our customers. It will provide us with the flexibility to respond to future customer demand while responsibly maintaining manufacturing infrastructure deemed critical to respond to public health threats.”

Emergent will focus on its core products business of medical countermeasures and its overdose reversal nasal spray Narcan away with the chief operating officer role.

JANUARY 27, 2023 — Original post…

Gaithersburg, Maryland-based Emergent BioSolutions, a specialty biopharmaceutical company developing vaccines and antibody therapeutics for infectious diseases and opioid overdoses, has announced an organizational restructuring plan.

The restructuring plan will include a reduction in force impacting approximately 5% of its workforce, or 132 employees.

CEO Bob Kramer noted, "Emergent is taking these steps to strengthen our business, reduce costs and return to sustainable, long-term growth. Decisions like this are never easy. ” he said, adding that the company “will provide resources to help our colleagues successfully transition to new opportunities.”

Emergent is separately transitioning away from its Covid-19 vaccine work, which had included making the drug substance for Johnson & Johnson’s Covid vaccine until that agreement ended last year.

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?