AM I NEXT? NO LOVE AT RINGCENTRAL (11/10/22)

NOVEMBER 10, 2022 — 10% REDUCTION IN FORCE

In a major cost-cutting effort to improve operating margins and bottom-line profits, the company has announced plans to reduce its workforce by 10%, or an estimated 530 employees.

“In addition to the job cuts, the company has reduced travel, IT spending, and marketing costs.”

AUGUST 11, 2022 — Original post…

Belmont, California-based RingCentral, a provider of cloud-based communication and collaboration products and services for businesses, announced company plans to lay off 50 employees at its headquarters offices in Belmont, California.

The layoffs include "more than a dozen senior roles, including a vice president of marketing operations and strategy, a senior systems integration manager, several senior software engineers, and a platform partner go-to-market (GTM) manager.

According to a company spokesperson, “Changing business needs require us to reduce our workforce at the facility permanently. The layoffs, in two rounds of 25 at its Belmont offices, will be effective September 18, 2022, and September 25, 2022.

This was a result of making choices on where to invest to maximize impact and optimize for growth and profitability. We continue to invest in key areas of the business and will continue to hire in those areas to fuel our growth and further strengthen our position as the UCaaS (unified communications as a service) industry leader.”

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. 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 CAPTEL

Madison, Wisconsin-based CapTel, a division of Ultratec and a provider of phone captioning services for handicapped individuals has announced a major reduction in force, mainly impacting captioning assistants and supervisors who provide manual real-time captioning.

Layoffs will impact 731 workers in Wisconsin, Florida, and Texas...

Approximately 274 employees, primarily 229 captioning assistants, with 246 employees located in Milwaukee, Wisconsin, and 28 employees located in Madison, Wisconsin. Separations are scheduled for September 20, 2022.

Additionally, 243 employees, including 221 captioning assistants, in Orlando, Florida, and 104 employees, including 89 captioning assistants in Tampa, Florida will be laid off. 110 employees will be laid off in Arlington, Texas.

The decision was driven by the company's release of a new technology that provides customers with a choice of receiving captions through a fully-automated Auto Captions service.

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. 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? LAYOFFS AT HOLOGRAM

Chicago, Illinois Hologram, a technology company that creates platform software to connect IoT devices to any cellular network across the globe, has announced a reduction in force.

The reduction in force will impact 80 employees.

A company spokesperson noted, “While we continue to see growth for Hologram, macroeconomic market conditions have rapidly changed. As a result, we’ve made the tough decision to reduce the size of our team to optimize our resources, enabling us to sustainably grow while continuing to be the best partner for our customers. The decision to say goodbye to our colleagues was not easy, but it was in the best interest of the company. We are confident in Hologram’s vision and that the actions we have taken will best position the company to empower the growing number of innovators who are building the future through cellular connectivity for IoT devices.”

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. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?