AM I NEXT? NO LOVE AT TURO

San Francisco, California-based Turo, a peer-to-peer car-sharing company that allows private car owners to rent out their vehicles via an online and mobile interface, has announced a reduction of 15% of its workforce.

The reduction will impact 150 employees after its decision not to proceed with its IPO.

According to a company spokesperson, “Due to ongoing economic uncertainty and in order to strengthen our position for long-term growth, Turo has made the very difficult decision to reduce the size of our team by approximately 15%.”

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. 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 now wondering, Am I Next?

AM I NEXT? NO LOVE AT TRIBAR TECHNOLOGIES

Wixom Michigan-based Tribar Technologies, a designer and vertically integrated manufacturer of decorative trim assemblies and components for the automotive market, has announced the closure of its Wixom Michigan headquarters and two Wixom manufacturing facilities. Operations will be consolidated two existing plants located in Howell, Michigan.

The closure will impact 188 employees and is scheduled for June 8, 2025.

The decision was driven by the company's sale to an unknown buyer and the buyer's decision to close Tribar’s facilities in Wixom, which includes its headquarters and two manufacturing plants.

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. 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 now wondering, Am I Next?

AM I NEXT? NO LOVE AT WEBASTO USA

Auburn Hills, Michigan-based Webasto USA, an automotive parts manufacturer specializing in sunroofs, electric car chargers, and air-conditioning systems, has announced the continuation of its restructuring initiative and the closure of its Rochester Hills, Michigan, plant.

The closure will impact 244 employees commencing on February 21, 2025.

According to a company statement, “Webasto launched a ‘broad-based program’ at the beginning of 2024 to improve its business results. The supplier performed an analysis of the Americas region production network and found that ‘it does not make economic sense for Webasto to continue operating the Rochester Hills plant, which was established in 1974.’ It is the oldest plant from a technological perspective in the Americas region. A significant investment would be required to continue manufacturing roof systems at this location at competitive prices.”

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. 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 now wondering, Am I Next?