AM I NEXT? NO LOVE AT JABIL (03/17/24)

OCTOBER 13, 2024 — 108 EMPLOYEES IN FLORENCE, KENTUCKY

The company has announced plans to close one of its Florence, Kentucky CAMS facilities, which will affect 108 employees. The decision was driven by a customer’s decision to relocate business out of state."

According to a company spokesperson, “This announcement is in no way a reflection of the hard work and dedication of our employees.”

MARCH 17, 2024 — VANCOUVER, WASHINGTON FACILITY CLOSURE

The company has confirmed the closure of its Vancouver Innovation Center and will lay off 120 employees in May 2024.

The company also announced a significant shift in its business strategy following the sale of its mobile electronics segment to BYD Electronics for $2.2 billion.

OCTOBER 26, 2023 — Original post…

St. Petersburg, Florida-based Jabil, one of the largest providers of contract electronics manufacturing solutions, has announced a continuing restructuring initiative with reductions in the company's workforce.

The reduction in force will impact 140 employees located in Freemont, California, and commencing on November 10, 2023. So far this year, Jabil has announced layoffs totaling 515 jobs, primarily affecting workers in Fremont and Livermore, California. It is not unusual for a contract manufacturer to adjust personnel in response to the status of third-party contracts.

According to a company spokesperson, “We do not anticipate that these employees will return to work in the foreseeable future.”

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 BEAM THERAPEUTICS

Cambridge, Massachusetts-based Beam Therapeutics, a biotechnology company conducting research in the field of gene therapies and genome editing, has announced a restructuring that will pause some research projects and attempt to locate joint venture partners for some of its drug development programs. Additionally, there will be a 20% reduction in the company's workforce.

The reduction in force will impact approximately 100 employees.

According to Beam CEO John Evans, “Our team has done an exceptional job creating diversified programs and technologies with the goal of helping as many patients as possible. Nonetheless, in these challenging financial markets, we have to make hard choices about where we focus our limited resources.”

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 ALIGN TECHNOLOGY

Tempe, Arizona-based Align Technology, a manufacturer of 3D digital scanners and Invisalign clear orthodontic aligners, has announced a major reduction in force.

Approximately 200 employees will be targeted for layoffs.

It appears that the company is further embracing outsourcing as its aligners are manufactured in Juarez, Mexico, scanners in Israel and China, and some customer service jobs are being offshored to Costa Rica.

According to a company statement, "As part of our regular annual planning process, we have identified a small number of positions in multiple locations that will be eliminated or transferred to other locations. We do not have plans for organizational-wide layoffs at this time. Beyond that, we have no further comment."

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?