AM I NEXT? NO LOVE AT BLACKROCK

New York City, New York-based BlackRock, a multinational investment and asset management company, has announced another 1% reduction in force, following three previous layoffs over 18 months.

The reduction will impact approximately 200 employees across investment, operations, technology, and private financing roles.

It is believed that the decision was driven by the post-integration of the acquisition of New York City-based HPS Investment Partners.

According to a company spokesperson, “The actions we are taking today are the ordinary discipline of a continuously evolving organization. The company is always reviewing staffing across its businesses to best serve its clients.

Change is constant, and it's 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 BILL HOLDINGS

San Jose, California-based Bill Holdings, a financial technology company providing an AI-enabled, cloud-based software platform that automates accounts payable, accounts receivable, and spend/expense management for small- to midsize businesses, has announced a restructuring and a 30% cost-containment initiative.

According to their SEC filing, "The Company announced that it will reduce its workforce by up to 30%. The Restructuring is part of the Company’s ongoing efforts to improve organizational agility and efficiency, while also seeking to drive greater profitability."

The reduction in force impacts 709 employees.

The company plans to transition to an "AI-native" model to boost permanent profitability and respond to pressures from activist investors.

Change is constant, and it's 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 CBOE

Chicago, Illinois-based Cboe Global Markets, a financial exchange owner/operator of a portfolio of exchanges and trading venues across equities, options, futures, and digital assets, has announced a major cost-cutting initiative and a reallocation of assets to core functions.

The new program will affect 20% of its global workforce, including voluntary-retirement packages to older employees, stronger work-from-home policies.

Approximately 334 employees will be impacted.

CEO Craig Donohue noted, “I’ve been trying to reorient the company to be more focused on optimizing growth in our core. This is allowing us to kind of pivot to these new areas of growth. We have a tremendous opportunity in front of us, but realizing it will require us to work more closely together and be incredibly disciplined with our decision-making, priorities, and allocation of capital. We will continue to aspire to be a high-performance, innovation-first, and ownership culture that can operate with the focus, accountability, and agility needed to execute our long-term growth strategy.”

Change is constant, and it's 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?