AM I NEXT? NO LOVE -- LAYOFFS AT POST'S WEETABIX CEREAL PLANT

Am I Next? Layoffs at Post Weetabix facility — plant closing.

Brentwood, Missouri-based Post Holdings, the packaged foods company with several iconic brands, has announced that the closing of their 235,000 square-foot cereal manufacturing facility located in Clinton, Massachusetts and the layoff of 181 employees. The facility, acquired in 2017 produces the Weetabix line of whole grain wheat breakfast cereals.

The company’s operations will be transferred to other Post facilities. Dave McBeain, senior vice president of Post supply chain and operations noted, “By leveraging our broad network capabilities, we can keep our costs as low as possible for continue growth in both traditional and natural/organic cereal.”

This should not come as a surprise to employees as the company announced the plant’s closure and anticipated sale of the property on February 27, 2018.

A company spokesperson explained, “The planned closure of the facility reflects Post’s continuous improvement initiative to optimize its cereal production network and manage costs in the ready-to-eat cereal category.

The facility, which was acquired with the $1.8 billion acquisition of Weetabix on July 3, 2017, employs approximately 180 employees and is expected to close by August 2019. Post will engage in discussions with the union representing the hourly employees at the Clinton facility to determine the impact to terms and conditions of employment for the unionized workers. Affected employees have been notified.”

The cold cereal industry is undergoing a change in consumer purchasing preferences and patterns and the industry sales of cereal products has been dropping over ten percent in the past five years. Few consumers have failed to note the dramatic increase in cereal pricing by Post, Kellogg, and General Mills.

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 ... are you now wondering, Am I Next?

AM I NEXT? NO LOVE -- LAYOFFS AT PAYPAL

Am I Next? Layoffs at PayPal.

San Jose, California-based PayPal Holdings, the iconic worldwide online electronic payments system, has announced a restructuring effort that will result in the loss of 183 employees in California. 160 employees at their San Jose, California headquarters and and additional 23 employees in their San Francisco, California offices.

According to a company spokesperson, "From time to time, PayPal conducts small-scale restructuring efforts to align teams to support key business priorities. These decisions are part of the company’s efforts to continually enhance the way we operate."

In Maryland, an estimated 380 employees will be laid off as PayPal closes their two Hunt Valley, Maryland Global Operations facilities and outsources servicing and collections to Synchrony Bank. PayPal transferred their consumer credit operations to Synchrony in a deal where Synchrony acquired PayPal’s $7.6 billion receivables portfolio.

According to a company spokesperson, “We value the work of our Hunt Valley teammates and are making every effort to the identify new opportunities for them both inside and outside of PayPal. We are fully committed to helping employees transition to the next steps in their careers. For those whose roles will be eliminated, we are providing comprehensive separation packages, career outplacement services, and employee assistance programs.”

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 ... are you now wondering, Am I Next?

AM I NEXT? NO LOVE -- LAYOFFS AT SAP

Am I Next? Major Layoffs at SAP.

Walldorf, Baden-Württemberg, Germany –based SAP ("Systems, Applications & Products in Data Processing"), provider of enterprise-level management and production software, is undertaking a company-wide restructuring. The effort will result in a 446 employee reduction-in-force in California. 179 employees at SAP Labs headquarters in Palo Alto, California; 173 employees in San Ramon, California; and 94 employees in San Mateo. California. Most are senior-level developers. Ultimately 4,400 employees will lose their jobs globally.

According to the corporate-speak from a company spokesperson…

“As part of this ongoing transformation, SAP has decided to undertake a company-wide restructuring program in 2019 across all board areas. This will allow us to not only invest in but also ensure greater efficiencies for key growth areas while implementing required changes in other areas to ensure they are prepared for the future. SAP currently estimates that globally approximately 4,400 employees across all board areas will leave the company under the restructuring program. In cases where new jobs are created, we will do everything possible to give SAP employees first priority. SAP is committed to treating employees with utmost respect and conversations with impacted employees are currently taking place in countries outside of the European Economic Area (Non-EEA) and will start in the EEA countries in [the second quarter]. Early retirement has already been offered to employees in the United States and Canada, and will also be offered to employees in Germany and France, as well as voluntary redundancy programs in Germany and other countries.”

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 ... are you now wondering, Am I Next?