AM I NEXT? NO LOVE AT BAYSTATE HEALTH

Springfield, Massachusetts-based Baystate Health, a non-profit integrated healthcare system, has implemented a system-wide strategic planning and restructuring process.

The restructuring will impact 134 employees, primarily in leadership roles.

Per a company statement, “We know these transitions heartfeltly impact our people and their families. We are working to find alternate positions for those whose roles were eliminated, and eligible team members who are not transitioned to another position in our organization will receive severance pay and other job support, including access to career transition services.”

According to newly appointed President and CEO (June 2024) Peter Banko, "We are leaving no stone unturned in pursuit of corporate overhead, external spend, revenue cycle, clinical access and throughput, workforce management and strategic growth improvement levers. We are firmly committed to ensuring that our physicians, nurses, and clinical teams have the support to deliver the high-quality, safe care that Baystate is known for and our patients expect. Outside of implementing our new operating model, no other restructuring has been finalized.

We are significantly decreasing management ... layers to improve efficiency, reduce costs without impacting bedside care, streamline decision-making, and better enable our caregivers. While some of the impacted positions are currently vacant and will no longer be filled, there are leaders leaving Baystate.”

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 terrible 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. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT ADVANCED MICRO DEVICES

Santa Clara, California-based Advanced Micro Devices, a fabless semiconductor company that designs, develops, and sells computer processors and related technologies for business and consumer markets, has announced a 4% reduction in its workforce.

The reduction will impact 1,000, including 29 employees located in California.

According to a company spokesperson, “As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%. We are committed to treating impacted employees with respect and helping them through this transition.”

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 terrible 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. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT ABERMARLE

Charlotte, North Carolina-based Albemarle Corporation, a specialty chemicals manufacturing company specializing in lithium, bromine, and catalysts, has announced a major cost-cutting initiative following a $1 billion loss.

The initiative will impact up to 7% of its global workforce, representing 15% of the company's non-manufacturing jobs.

In this second round of layoffs, approximately 500 employees will be impacted following 300 employees in January 2024.

According to CEO Kent Masters, "This allow us to advance near-term growth and preserve future opportunities as we navigate the dynamics of our key end-markets.”

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 terrible 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. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?