AM I NEXT? NO LOVE AT PROMEDICA

 Am I Next? ProMedica layoff - 100 employees.

Healthcare provider, Toledo, Ohio-based ProMedica, has announced that it  laid off approximately 100 employees this week and left another 60 positions unfilled. According to Randy Oostra, ProMedica CEO the decision to cut staff was conditioned on decreasing reimbursement rates and rising operational costs.

In an official statement, ProMedica spokesperson Karen Strauss noted “The healthcare industry continues to face a series of challenges, including decreasing reimbursement rates for services and rising operational costs. To adapt, health systems around the country have had to make tough financial decisions.

ProMedica has worked diligently to improve efficiencies and reduce costs across the organization, and we have made great progress. Unfortunately, like so many other health systems, it has not been enough given the current healthcare environment. As a result, and after a rigorous and thoughtful review, we have made the tough decision to reduce our workforce to address and respond to these external factors. Approximately 100 employees were notified this week of their positions being eliminated — the majority of those positions being in leadership roles and corporate functions. In addition, 60 non-direct patient care positions that were vacant will not be filled.”

Are you wondering, Am I Next?

AM I NEXT? MATTEL TO LAYOFF 2,200 WORKERS

 Am I Next? Mattel to Layoff 2,200 employees.

El Segundo, California-based Mattel has announced that it will be laying off 2,200 workers, mostly its non-manufacturing workforce in a massive restructuring in response to lagging sales and increasing losses. In announcing Second Quarter results, Mattel CEO Ynon Kreiz noted, “Mattel is a company with great potential. We see a lot of opportunities, but there has been a big discrepancy between our financial performance over the last few years and where the company should be.” Joseph Euteneuer, CFO of Mattel added: "We are pleased to report that our two-year $650 million Structural Simplification program is on-track.

There is no doubt that Mattel has been severely impacted by the use of electronic devices at earlier ages and the loss of one of the nation’s top toy retailers, Toys R Us which was Mattel’s second largest customer.  “We are in a turnaround and as expected, had a challenging second quarter driven primarily by the Toys "R" Us liquidation.” Mattel also noted that they will be selling manufacturing facilities in Mexico in response to changing capacity requirements. For those wanting to read the full story, Mattel’s News Release can be found here.

Are you wondering, Am I Next?