AM I NEXT? NO LOVE AT AUTO/MATE, DEALER SOCKET

Albany, New York-based Auto/Mate,a division of Irving, Texas-based DealerSocket, and a provider of technology solutions for auto dealers including customer relationship management systems, dealer management systems, inventory management, websites and digital retailing, has announced that it laid off approximately 200 employees across the company.

It appears that the layoffs are a normal and customary business action after mergers and acquisitions. The layoffs come weeks after Westlake, Texas-based Solera Holdings acquired DealerSocket in 2021 who, in turn purchased Auto/Mate in 2020. The acquisition strengthens and broadens DealerSocket's offerings in the automotive space.

Additionally, according to parent company Solera, other layoffs will take place at the company's other recent acquisitions, Omnitracs and DealerSocket, as part of an overall post-aquisition restructuring.

The layoffs were said to have occured in department meetings without warning. Those employees who were not immediately laid off were allegedly give a 90-day window so they could help in a “transition of knowledge” to Omnitracs and DealerSocket sites in India.

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 NEW RELIC (08/19/22)

AUGUST 19, 2022 — MORE RESTRUCTURING WITH 90 LAYOFFS

From the company’s 8-K Securities and Exchange Commission filing…

On August 17, 2022, the Board of Directors of New Relic committed to a restructuring plan to realign its cost structure with its business needs as the Company moves to focus its resources on top priorities. In connection with the restructuring plan, the Company will be reducing its workforce by approximately 90 employees in the United States, and up to 20 internationally.

APRIL 19, 2021— Original post…

San Francisco, California-based New Relic, a cloud-based analytics and performance software developer, is continuing their restructuring efforts to compensate for lower revenue streams, increasing costs, and a business model change from a subscription model to pay for what you use consumption model. The restructuring will impact 160 employees.

According to a Securities and Exchange Commission filing...

"The company has committed to a restructuring plan to realign its cost structure to better reflect significant product and business model

innovation over the past 12 months. The Company expects that go-to-market operations in its new consumption-based business model will be more efficient, thus requiring less investment, than in its former more traditional subscription model.

In an effort to eliminate historical barriers to product adoption, the Company is making adjustments to increase its emphasis on overall product experience and reorient its sales organization around customer success. In furtherance of this strategy shift, the Company intends to reallocate some spending to increase its investment on research and development.

The Company believes these initiatives will better align resources to provide further operating flexibility and position the business for its long-term success. In connection with the restructuring plan, the Company will be reducing its workforce by nearly 120 employees in the US, and up to 40 internationally."

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 IVANTI

South Jordan, Utah-based Ivanti, an IT software company producing software for security, service management, asset management, and supply chain management, has announced that scheduled layoffs will impact two recently acquired companies.

Mountainview, California-based MobileIron, a provider of unified endpoint and enterprise mobility management software for mobile devices, has confirmed that several of its top executives will not be joining Ivanti. The separations will impact 75 employees, including MobileIron's CEO, CFO, chief information officer, and chief people officer.

Likewise, the San Jose, California-based Pulse Secure, a provider of secure computer connectivity solutions will layoff 78 Pulse Secure employees including the company's CEO, chief financial officer, chief marketing officer, chief product officer, and chief revenue officer. Separations are scheduled to occur between the end of January 2021 and the beginning of March 2021.

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?