AM I NEXT? NO LOVE AT TRUIST FINANCIAL CORPORATION / RAC

Charlotte, North Carolina-based Truist Financial Corporation, an American bank holding company, has announced it will close the Tempe, Arizona facility operated by its Regional Acceptance Corp. subsidiary, an auto finance company that focuses on subprime to near-prime indirect lending, pending an agreement to sell off the loan portfolio of its Regional Acceptance Corp. subsidiary.

The closure will impact 120 employees with phased layoffs staged between November 30, 2026, and February 28, 2027.

Another 205 employees will be impacted in Arlington, Texas; 56 employees in Winterville, North Carolina; and 97 employees in Greenville, North Carolina.

A spokesperson noted, "The company is providing affected employees with severance benefits, job search assistance, and consideration for other roles within Truist."

Change is constant, and it's coming. Tomorrow will always come, no matter how much you try to ignore it. Life offers no guarantees, nor promises of 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 wondering, "Am I Next?"

AM I NEXT? NO LOVE AT PAYPAL

San Jose, California-based PayPal, the iconic financial technology company operating an online payments system, is continuing its multi-year operational restructuring.

The current personnel adjustments will impact 251 employees at its San Jose headquarters, including 42 senior software engineers, 18 software engineering managers, 14 staff software engineers, 12 software engineers, and 10 senior software engineering managers. Separations are scheduled for October 30, 2026.

According to published reports, the company plans a 20% reduction in force over the next two to three years, or more than 4,500 jobs to trim $1.5 billion from its operational costs.

Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of 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, at any time, 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 CHIME

San Francisco, California-based Chime, a financial technology company that partners with regional banks to design and host fee-free mobile banking services, has announced a reduction in force as part of its cost containment strategy.

The personnel realignment will impact approximately 10% of the workforce, or about 135 employees, effective September 30, 2026.

Co-founder and CEO Chris Britt commented, “The world is changing quickly, and this means we need to keep evolving too. To continue to lead in the next era, we need to have the right structure, capabilities and approach to our work. AI is changing what’s possible but requires new skills. Smaller teams with fewer layers are moving faster than ever and getting more done. We’re making changes across the company to organize for this next chapter. In some areas, that means a flatter structure and smaller squads. In others, it means building more capabilities. As a public company, we must accelerate growth while continuing to demonstrate operating discipline to build an even stronger, more profitable business.”

Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of 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, at any time, 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?