AM I NEXT? NO LOVE AT ANAPLAN

San Francisco, California-based Anaplan, a software technology company offering cloud-based business planning infrastructure, has announced a major reduction in force.

Approximately 119 employees, including software engineers, copywriters, security analysts, and others, in the company's San Francisco headquarters were impacted by the reduction, but up to 500 additional employees globally are said to be at risk. Separations will commence on June 28, 2023, with the majority of employees being separated no later than August 21, 2023.

The decision appears to be driven by its parent, Chicago, Illinois-based private equity and growth capital firm Thoma Bravo.

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 F5

Seattle, Washington-based F5, a technology company specializing in application security, multi-cloud management, online fraud prevention, and networking applications, has announced a cost-cutting initiative featuring a 9% reduction in its workforce.

The reduction will impact 623 workers. Other measures include reducing executive bonuses, consolidating its real estate footprint, slowing hiring, reducing travel, and virtualizing some company events.

F5 CEO François Locoh-Donou noted, “Rising interest rates, geopolitical events, and macroeconomic uncertainty have dramatically affected our customers’ spending patterns” over the past six months. We do not believe this environment will persist, but we also do not know what the ‘new normal’ will look like when it comes. Because of this uncertainty, we must take measures to decrease our costs without jeopardizing our future growth trajectory.”

“These are extraordinary measures being taken under extraordinary circumstances.”

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 UKG

Lowell, Massachusetts-based UKG (Ultimate Kronos Group), a software company providing workforce management and human resource management services, has announced a restructuring that will result in a 1.7% reduction in its workforce.

The reduction will impact 265 employees across the company's workforce.

According to a company spokesperson, "A lot has changed in the world of workplace and HR technology since we formed UKG three years ago. To capture the opportunity in front of us, we need to invest in the right areas. We realized that there are some areas where our teams had duplication, were not aligned with our future vision and roadmap, or were places where we can be more efficient. By taking these actions, we are positioning UKG to continue to be successful into the future."

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?