AM I NEXT? NO LOVE AT PRUDENTIAL FINANCIAL (11/26/24)

NOVEMBER 26, 2024 — 108 EMPLOYEES IN NEW JERSEY

In its fourth round of layoffs, one hundred eight employees are scheduled for termination in New Jersey between December 2024 and April 2025.

According to a company spokesperson, “Prudential Financial continually reviews its organizational structure to ensure it is meeting the evolving needs of its customers and maintaining its competitive position in the marketplace.”

MARCH 27, 2024 — Original post…

Newark, New Jersey-based Prudential Financial, an iconic company whose subsidiaries provide insurance, retirement planning, investment management, and other financial products and services to both retail and institutional clients, has announced a reduction in force.

The personnel realignment will impact 145 employees in 2024, following a November 2023 layoff of 243 senior positions. The layoffs will be phased, commencing on April 15, 2024, and reaching completion on September 30, 2024.

According to a company spokesperson, “We’re taking new steps to simplify our organizational structure by reducing management layers, complexity, and costs while making investments in technology and data platform. Our goal is to empower faster decision-making and bring our integrated business teams closer to our customers and clients.”

“The recently filed WARN notices are part of the previously discussed organization structure changes and cost reduction efforts. Prudential continually reviews its organizational structure on behalf of its customers to drive growth and maintain its competitive position in the marketplace. This includes periodically eliminating certain roles that no longer align with our strategy. We have approximately 40,000 employees in 40 countries. Headcount is just one of a number of factors we consider when looking at costs and business efficiencies.”

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 MODERNA

Cambridge, Massachusetts-based Moderna, a pharmaceutical and biotechnology company focusing on mRNA vaccines, has announced a reduction in force.

Responding to lowered demands for COVID-19 therapeutics, the company has laid off an unspecified number of manufacturing and quality-assurance employees in its Burlington, Massachusetts, and Norwood, Massachusetts, facilities. This comes as the company has completed the construction of a new mRNA manufacturing facility in Quebec, Canada.

According to a company spokesperson noting previously announced decisions to reduce COVID-related manufacturing expenditures, the layoffs are occurring in the company's manufacturing unit in response to resizing its COVID production work. We thank these individuals for their contributions to Moderna and to patients worldwide.”

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 JACOBS SOLUTIONS

Dallas, Texas-based Jacobs Solutions, a professional services contractor serving commercial, industrial, and government entities with engineering, technical, professional, scientific, and construction services, has announced the loss of a professional services contract for SITEC II (Special Operations Forces IT Enterprise Contract) at Fort Liberty (formerly known as Fort Bragg).

The contract loss will impact 240 employees.

According to a company statement, “We are writing to inform you that Jacobs Technology Inc. has been notified by the government client that it has selected a new contractor to perform services under the SITEC II follow-on contract. We anticipate that the vast majority of the workforce will continue in uninterrupted employment with the successor contractor or one of their subcontractors. Currently, we are on an existing Contract extension through May 16, 2024.”

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?