Chester, Pennsylvania-based Communications Test Design, Inc., a provider of electronic device design, manufacturing, repair, and delivery services to device manufacturers and distributors, has announced that it will lay off 119 employees from is Lincoln, California facility co-located with the Verifone warehouse.
70 employees were laid off immediately and another 49 employees were scheduled to be laid off on November 9, 2020. This layoff follows the company's layoff of 128 people from its Lincoln location last year in October 2019 concurrently with a Verifone layoff.
It is believed that cutbacks were the result of reduced demand from Verifone which was acquired by San Francisco, California-based Francisco Partners in 2018.
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. 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?