AM I NEXT? NO LOVE AT BRISTOL-MYERS SQUIBB (04/27/24)

APRIL 27, 2024 —252 IN SAN DIEGO

The company announced that it plans to reduce its headcount by 6%, laying off approximately 2,200 employees.

Chief Financial Officer David Elkins noted that laying off 2,200 employees will help BMS “become more agile” and “streamline the organization by removing layers of management,” leading to quicker decision-making.

MARCH 28, 2024 —252 IN SAN DIEGO

The company is laying off 252 employees at the recently acquired Mirati Therapeutics in San Diego, California.

According to a company spokesperson, "As part of the integration, we are aligning resources to best support our operating model and our portfolio evolution. Unfortunately, some of our employees have been impacted as a result of these changes and a top priority for us is supporting employees throughout the transition process."

SEPTEMBER 16, 2022 — POST-ACQUISITION LAYOFFS IMPACT 261 EMPLOYEES IN SAN DIEGO COUNTY

Bristol-Myers Squibb has announced that there will be a personnel realignment at its recently acquired (August 2022) Turning Point Therapeutics’ two San Diego locations.

The layoffs will impact 261 employees with layoffs scheduled for November 17, 2022.

According to a company spokesperson, “We are very pleased to have completed the acquisition of Turning Point Therapeutics to further strengthen our leading oncology franchise. As part of the integration, all incoming employees received retention packages tied to continued service to BMS for a period of time and have been encouraged to apply to long-term roles at BMS after their retention period ends.”

NOVEMBER 5, 2018 SEATTLE LOCATION SHUT DOWN

Bristol-Myers Squibb has announced that it will be closing its Lake Union Steam Plant location in Seattle, Washing,ton and laying off 63 workers in the process.

JULY 31, 2018 — Original post…

Bristol-Myers Squibb, a major pharmaceutical company headquartered in New York City, New York, has announced the layoff of 149 employees as it prepares to close its Wallingford, Connecticut, research facility.  

According to a previously announced restructuring plan, the company plans to cluster its research and developments around Lawrenceville, New Jersey, Cambridge, Massachusetts, and Redwood City, California. Additional layoffs in Hopewell, New Jersey, and Seattle, Washington, are anticipated in the near future. At that time, CEO Giovanni Caforio, M.D. noted, “These important changes to our U.S. geographic footprint will ensure we have the structural, operational, and financial flexibility to deliver as effectively as possible on our mission for patients.

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?

NO LOVE AT ELECTROLUX (10/30/23)

OCTOBER 30, 2023 — 3,000 MORE EMPLOYEES TARGETED

The company plans to cut another 6.5% of its workforce or 3,000 employees.

According to a company spokesperson, “This is an entirely new program of staff reductions. We see this weak demand situation persisting in the near term.”

“A key driver for any turnaround would be for interest rates to stabilize or decline. We have no other option than to plan for this environment to go on for a period. Our customers still have challenges to overcome going forward, so we’re acting accordingly.”

OCTOBER 27, 2022 — 4,000 EMPLOYEES

The company plans to scale back its North American operations in a cost-saving initiative that will impact approximately 8% of its workforce or 4,000 employees.

The decision was driven by surging inflation and deteriorating housing markets impacting consumers as they are reducing spending on non-essential appliances and upgrades.

JUNE 14, 2018 — Original post

Swedish multinational home appliance manufacturer headquartered in Stockholm will permanently lay off 900 workers and shut down it St. Cloud, Minnesota Frigidaire upright freezers manufacturing plant in 2019 and transfer its operations to an expanded and modernized facility in Anderson, South Carolina.

 The decision to close the plant and relocate its operations is part of a restructuring program designed to modernize its U.S. operations. The employees were given notice in January 2018 and will be eligible for a variety of long-term training programs. 

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?

NO LOVE AT SIGNIFY (03/24/24)

MARCH 24, 2024 — 109 TEXAS EMPLOYEES

The company has announced the closure of its San Marcos, Texas, manufacturing facility and the layoff of 109 employees, including 69 production workers, 12 engineering jobs, 10 in supply chain management, and 9 in warehouse operations, starting in May 2024. Production will be moved to facilities in Camargo, Mexico, and Littlestown, Pennsylvania.

MAY 16, 2018 — COMPANY REBRANDS AS SIGNIFY

Somerset, New Jersey – Signify, the world leader in lighting, has today launched its new company name, following the amendment of the company’s articles of association changing its name from Philips Lighting to Signify.

The choice of our new company name originates from the way light has become an intelligent language, which connects and conveys meaning. It is a clear expression of our strategic vision and purpose to unlock the extraordinary potential of light for brighter lives and a better world."

APRIL 25, 2018 — MASS LAYOFFS AS COMPANY RELOCATES TO MONTEREY, MEXICO

Netherlands-based Philips Lighting is relocating its product development and production operations from their Fall River, Massachusetts facility to Monterrey, Mexico, and laying off approximately 160 employees in the restructuring.  

Phillips acquired the plant in 2008 through an acquisition of the parent company of Lightolier, the iconic manufacturer of residential and commercial chandeliers.

All manufacturing operations are scheduled to cease in the first quarter of 2019. The company’s research and development activities are scheduled to be moved to their Canadian facility in Boisbriand, Canada. An unknown number of non-manufacturing positions will remain on-site at this time.

According to Philip’s spokesperson, Melissa Kanter …

“The layoffs are a difficult but necessary step to maintain Philips' competitiveness in the marketplace. The lighting industry is transforming at an accelerated rate. We first saw the shift from conventional lighting to LED and now we are seeing the shift towards systems and services where lighting is being used as an information pathway in cities, offices, retail, and the home. This is against a backdrop of increased competition in the market. This decision, while difficult,  is part of our plan to drive operational excellence enabling the company to optimize production and supply in order to remain competitive and provide our customers with the service and quality that they expect from us."

We are beginning to see lighting products incorporated into local area networks that are capable of carrying both device instructions and generalized internet data within a confined area. 

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?