AM I NEXT? NO LOVE AT ROCKLAND TRUST

Rockland, Massachusetts-based Rockland Trust, a full-service regional commercial bank, has announced a post-merger reduction in force.

The reduction will impact 125 non-customer-facing employees at three locations in Lowell, Massachusetts, who will be laid off between July 1, 2025, and December 31, 2025.

The decision was driven by the merger between Rockland Trust and Enterprise Bank, which is expected to close in the second half of 2025.

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 BMO BANK

Chicago, Illinois-based BMO Bank North America, an American national bank and the U.S. subsidiary of Bank of Montreal, has announced a reduction in force relating to its $16.3 billion acquisition of Bank of the West, which will assume BMO branding.

The reduction will impact 248 employees in San Francisco and San Ramon, mostly corporate staff. Layoffs will commence on September 15. 2023.

An additional 56 employees, mostly occupying corporate functions, will be laid off at its Thornton, Colorado operations.

A spokesman noted, “We are working closely with affected employees to provide support and to ensure they are treated with fairness and respect. BMO has no plans to shut down Bank of the West branches in connection to the transaction."

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 bad 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. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT GLOBAL CREDIT UNION

Anchorage, Alaska-based Global Credit Union, formerly Alaska USA Federal Credit Union, and a federally-chartered credit union has announced a reduction in force due to business conditions.

Approximately 185 employees in five states were impacted, including 78 in Alaska.

According to a company spokesperson, “These are hard conversations to have, but it’s a necessary step to right-size the operations based on the volumes of activity in certain areas of lending. That’s what organizations have to do. You have to shift people around to meet the demands as the demands of the business change.”

"Anybody in our business nationally is having to look at the same sort of thing because we’re in such a different place in terms of lending.”

"After a pandemic-related rise in borrowing that caused a staff buildup, the company has now experienced a drop in lending activity for mortgages, real estate, and consumer loans, such as for automobiles, in response to the higher interest rates.

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 bad 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. Are you now wondering, Am I Next?