AM I NEXT? NO LOVE AT FIBROGEN

San Francisco, California-based FibroGen, a biopharmaceutical that discovers, and develops medicines for the treatment of anemia, cancer, and fibrotic disease, has announced a restructuring plan to lower operating expenses that will impact approximately 32 percent of its U.S. workforce.

The restructuring will impact 104 employees.

According to a Securities and Exchange Commission filing, "The Company would like to extend its tremendous gratitude to these employees, not only for their contributions to the strong workforce and culture at FibroGen, but to their large part in the progress we have made, and continue to make, in science and the biotechnology industry."

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 EVERQUOTE

Cambridge, Massachusetts-based EverQuote, an online insurance marketplace, has announced an organizational restructuring to reduce operating expenses, and that EverQuote will be exiting its health insurance vertical.

The exit will impact 98 employees, mostly Health Advisors and Medicare Advisors, located in Evansville, Indiana.

According to Jayme Mendal, CEO of EverQuote, “We are making the strategic decision to exit an area that requires significant capital investment and scale to effectively compete amid an increasingly unpredictable regulatory environment. We are confident that by increasing strategic focus on our core verticals and streamlining operations, we will position EverQuote to improve financial performance and build a stronger competitive position in our chosen markets.”

“Our team remains laser-focused on closely managing costs and driving operating efficiencies in the business. We believe that the actions we are taking to streamline our operations will better position EverQuote to drive more sustainable growth and deliver a greater return on capital investment.”

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 BANG ENERGY

Weston, Florida-based Bang Energy, a maker of energy drinks, has announced a pre-sale reduction in force as it prepares to sell the company to Corona, California-based Monster Beverage Corp, a unit of Coca-Cola.

The reduction in force will impact 463 employees in Weston, Florida, between September 3, 2023 and September 10, 2023.

According to a company spokesperson, “As many of you may already be aware, Bang Energy has recently been acquired by another company, which marks the end of my journey with this remarkable organization.”

The brand owner, Vital Pharmaceuticals, filed for Chapter 11 bankruptcy protections in October 2022.

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?