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?

AM I NEXT? IS THE HANDWRITING ON THE WALL AT CAPITAL ONE OR DICOVER

Capital One & Discover Merger: What It Could Mean for Employees

With the proposed McLean, Virginia-based Capital One and Riverwoods, Illinois-based Discover merger making headlines, it's important for employees to stay informed.

A major driver behind mergers like this is cost savings, often achieved through streamlining operations, consolidating departments, and increasing efficiency. While this can strengthen the combined company’s competitive edge, it can also lead to workforce reductions in overlapping areas.

As with any large-scale merger, structural organization changes and the potential elimination of duplicative functions are key considerations. These shifts can impact roles, responsibilities, and overall job security. Staying proactive, informed, and adaptable will be critical in navigating the transition.

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 ALLY FINANCIAL

Detroit, Michigan-based Ally Financial, a bank holding company providing financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements, has announced a restructuring. The layoffs will affect less than 5% of its workforce.

Approximately 550 employees were impacted by the company's decision.

According to a company spokesperson, “We announced today that we will be exiting the mortgage origination business and looking at strategic alternatives for our credit card business in the first quarter of this year. As we continue to right-size our company, we made the difficult decision to selectively reduce our workforce in some areas while continuing to hire in the other areas of our business. The job cuts are not specific to certain departments or locations. We remain confident in our long-term strategy and our ability to deliver compelling returns given the strong underlying trends in our core businesses. We’ll continue to be diligent in our expense management going forward.”

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?