AM I NEXT? NO LOVE AT CLOUDERA

Palo Alto, California-based Cloudera, Inc. a provider of enterprise-level cloud services that were built on open source technology (Apache Hadoop-based software), has announced that it will be acquired by New York, New York-based KKR & Co., a global investment manager, and by New York, New York-based Clayton Dubilier & Rice, LLC, a private equity investment manager, and taken private in a $5.3 billion transaction.

According to a company statement, "Today marks the beginning of an exciting new chapter for Cloudera. Cloudera will become a private company with the flexibility and resources to accelerate product innovation, cloud transformation, and customer growth. Cloudera will benefit from the operating capabilities, capital support, and expertise of Clayton, Dubilier & Rice (CD&R), and KKR – two of the most experienced and successful global investment firms in the world recognized for supporting the growth strategies of the businesses they back."

The struggling company was heavily influenced by activist investor Carl Icahn's New York, New York-based private equity firm which was a majority shareholder. The company appears to have been overwhelmed by competition from cloud services offered by larger rivals as Its competitors include Amazon Web Services, Google Cloud Platform, Microsoft Azure, HP Inc., IBM, Oracle Corp., and Teradata.

Employees should beware as financial managers traditionally restructure enterprises to divest losing activities, improve revenues, and cut costs. Without fail, significantly reducing the workforce through buyouts, layoffs, and attrition.

According to employees, the company had already laid off a large portion of its workforce at Icahn's urging on May 5, 2020.

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?

AM I NEXT? NO LOVE AT LOON

Mountain View, California-based Loon LLC, formerly an Alphabet (Google) subsidiary devoted to providing internet services to rural communities using high-altitude baloons, has announced that they are winding down operations. At least 151 employees are impacted.

According to various company spokespersons, “Sadly, despite the team’s groundbreaking technical achievements over the last 9 years. The road to commercial viability has proven much longer and riskier than hoped. So we’ve made the difficult decision to close down Loon.” “While we’ve found a number of willing partners along the way, we haven’t found a way to get the costs low enough to build a long-term, sustainable business.”

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?

AM I NEXT? NO LOVE AT AKAMAI

MAY 11, 2022 — UP TO 3% OF WORKFORCE TARGETED

In an effort "to concentrate our investments and resources in our highest growth areas of security and cloud computing, and to sustain our profitability targets during this challenging macroeconomic environment" the company has laid off less than 3% of its workforce, estimated to be 290 employees.

FEBRUARY 16, 2021— Original post

Cambridge, Massachusetts-based Akamai Technologies, a global content delivery network, cybersecurity, and cloud service company, has announced a reorganization that includes two new concentrations in internet security and edge technology and which will result in a reduction in force. An estimated 160 employees will be targeted for layoffs.

According to a company official, “With Akamai’s new organizational structure, I am confident we will be able to more nimbly support the dynamic needs of our customers and partners, and more effectively capitalize on emerging growth 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?