AUGUST 24, 2021 — 221 LAYOFFS IN LAKE FOREST, CALIFORNIA
The company has announced the layoff of 221 workers at its Lake Forest, California facility. The layoffs are scheduled for September 30, 2021.
According to a company spokesperson, “Although we believe we are in the recovery stage of the effects COVID-19 has had on our industry, we don’t expect a full return of customer demand for quite some time.”
MAY 20, 2021 — WHISTLEBLOWER COLLECTS $28 MILLION DOLLARS
The U.S. Securities and Exchange Commission said it awarded more than $28 million to a non-employee whistleblower whose tip helped the regulator and the Justice Department launch investigations that led to bribery charges and 2018 bribery settlements. against Panasonic Avionics, a subsidiary of Japanese electronics company Panasonic Corp. and former executives, The tipster in the Panasonic Avionics case received 10% of the monetary penalties collected from both the SEC and the Justice Department actions. <Source>
MARCH 19, 2021 — Original blog post…
Lake Forest, California-based Panasonic Avionics Corporation, a designer, manufacturer, installer of in-flight entertainment and communications systems to the airline industry, has announced the permanent layoff of 135 employees located at the company's Bothell, Washington facility commencing on April 5, 2021.
The reduction in force decision appears to be driven by the global pandemic which has adversely affected aircraft manufacturing and operations.
Panasonic's in-flight systems have come under some degree of scrutiny for the privacy concerns involving cameras embedded in its purpose-built seat-back in-flight entertainment systems, especially in systems with internet connectivity.
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?