AM I NEXT? NO LOVE AT MOJO VISION

Saratoga, California-based Mojo Vision, a medical technology company specializing in augmented reality contact lenses, has announced a major 75% reduction in force and putting its contact lens production "on hold."

The reduction in force will impact 110 employees.

According to CEO Drew Perkins, “Although we haven’t had the chance yet to see it ship and to reach its full potential in the marketplace, we have proven that what was once considered science fiction can be developed into a technical reality Even though the pursuit of our vision for Invisible Computing is on hold for now, we strongly believe that there will be a future market for Mojo Lens and expect to accelerate it when the time is right.” He also noted “significant challenges in raising capital.”

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 MERIT MEDICAL

South Jordan Utah-based Merit Medical, a manufacturer and marketer of proprietary disposable medical devices used in interventional, diagnostic, and therapeutic procedures, has announced the continuation of its 2020 "Foundations for Growth" restructuring plan leading to a reduction in force.

The reduction will impact 117 employees located in Pearland, Texas. The initial 61 job cuts are expected to occur on October 25, 2022, followed by 41 between December 9th and the 22nd, and the final 15 layoffs will occur between January 20th and February 2nd, 2023.

According to Merit's founder, chairman, and CEO, "the job cuts result from the relocation of some manufacturing operations from the Pearland facility to other Merit company locations.

"Foundations for Growth contemplates not only product line consolidations but site consolidations and all sorts of efficiencies from a manufacturing standpoint, on top of pricing," Raul Parra, Merit's CFO and treasurer, said during the company's second-quarter earnings call on July 28.

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 WARBY PARKER

New York City, New York-based Warby Parker, originally an online direct-to-consumer retailer of prescription glasses, contact lenses, and sunglasses,and now with 160 brick-and-mortar stores, the company has announced a layoff in response to market conditions.

The reduction in force will impact 15% of its corporate workforce, estimated to be 63 employees.

According to an internal memo, "As we have discussed over the past few weeks, the global economy continues to face significant volatility and uncertainty. This is impacting consumer behavior in every industry, including the optical industry. As a business, we must do our best to adapt, which sometimes involves making difficult decisions in the best interests of the company."

"While this was an incredibly difficult decision, we are making these changes to enable us to operate in a more focused and nimble manner and to capitalize more efficiently on our highest impact opportunities."

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?