AM I NEXT? NO LOVE AT BILL HOLDINGS

San Jose, California-based Bill Holdings, a financial technology company providing an AI-enabled, cloud-based software platform that automates accounts payable, accounts receivable, and spend/expense management for small- to midsize businesses, has announced a restructuring and a 30% cost-containment initiative.

According to their SEC filing, "The Company announced that it will reduce its workforce by up to 30%. The Restructuring is part of the Company’s ongoing efforts to improve organizational agility and efficiency, while also seeking to drive greater profitability."

The reduction in force impacts 709 employees.

The company plans to transition to an "AI-native" model to boost permanent profitability and respond to pressures from activist investors.

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 CBOE

Chicago, Illinois-based Cboe Global Markets, a financial exchange owner/operator of a portfolio of exchanges and trading venues across equities, options, futures, and digital assets, has announced a major cost-cutting initiative and a reallocation of assets to core functions.

The new program will affect 20% of its global workforce, including voluntary-retirement packages to older employees, stronger work-from-home policies.

Approximately 334 employees will be impacted.

CEO Craig Donohue noted, “I’ve been trying to reorient the company to be more focused on optimizing growth in our core. This is allowing us to kind of pivot to these new areas of growth. We have a tremendous opportunity in front of us, but realizing it will require us to work more closely together and be incredibly disciplined with our decision-making, priorities, and allocation of capital. We will continue to aspire to be a high-performance, innovation-first, and ownership culture that can operate with the focus, accountability, and agility needed to execute our long-term growth strategy.”

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 MYBAMBU

West Palm Beach, Florida-based MyBambu, a financial technology company offering a mobile‑banking app for unbanked and low-income individuals, has announced that it will cease operations by the end of December 2025, at its 35,000-square-foot leased offices, due to the loss of its primary funding source.

The closure will impact all 141 employees in phases, commencing with the first 100 layoffs on October 31, 2025, and the remaining 41 employees by December 31, 2025.

According to a company statement, "MyBambu is providing this notice as soon as practicable after unexpectedly learning that the main and historical source of funding for MyBambu's operations would end, depriving MyBambu of funding necessary for running its operations and necessitating the commencement of an orderly wind-down."

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, 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?