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?

AM I NEXT? NO LOVE AT EDWARD JONES

St Louis, Missouri-based Edward Jones, a stock brokerage and financial services firm, finally admitted that their restructuring efforts impacted less than 2% of its total workforce.

The reduction in force affected 259 employees, with 552 home office associates accepting voluntary separation earlier this year.

A company spokesman noted, "Through these programs, the firm streamlined its U.S. and Canadian operations and created the foundation for a more effective home office. In total, this impacted less than 2% of Edward Jones' total full- and part-time workforce."

This should have not surprised anyone since the company announced its “Enterprise Reimagined” initiative on March 12, 2025, as a spokesman said, “As we make changes to our structure, the size of our home office will be reduced.”

Like most financial firms, they are turning to automation and artificial intelligence to spur productivity.

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?

AM I NEXT? NO LOVE AT NCINO

Wilmington, North Carolina-based nCino, a financial technology company specializing in cloud-based banking software and core banking platform, has announced a 7% reduction in its workforce.

The companywide reduction in force will impact approximately 128 employees.

According to a company spokesperson, “As a global market-leader, nCino continuously evaluates our organizational structure to optimize operations and drive efficiency across the business. To ensure our long-term success in the face of evolving market conditions, we've made the challenging decision to reduce our global workforce by approximately 7%.”

“These strategic adjustments position us to accelerate innovation in the products and services our customers rely on. By streamlining our operations, we're investing more deeply in the capabilities that matter most to our customers' success while maintaining our unwavering commitment to delivering exceptional service and support.”

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?