AM I NEXT? NO LOVE AT LONZA GROUP

Basel, Switzerland-based Lonza Group, a pharmaceutical Contract drug development and manufacturing company, has announced the closure of its 120,000-square-foot Hayward, California manufacturing facility it purchased in 2017.

The closure will impact 218 employees, including positions in management, human resources, engineering and technical services, environment, health and safety, finance, microbiology, manufacturing, science and technology, and quality control. .

According to a company spokesperson, "Lonza is preparing to decommission the mammalian clinical manufacturing facility in Hayward. The phased closure is expected to kick off in the first quarter of 2024 and conclude in the first quarter of 2025. This decision has been reached as CDMO [contract development and manufacturing organization] market demand is focused on combined and integrated clinical-commercial offerings, and the Hayward site provides limited growth opportunities beyond its clinical scope."

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 DISCOVER FINANCIAL SERVICES (02/26/24)

FEBRUARY 26, 2024 — 108 EMPLOYEES IN CHICAGO, ILLINOIS AREA

Discover Financial Services, has announced that it will lay off 108 employees starting March 18, 2024. But the move is unrelated to Capital One’s $35 billion acquisition of the credit card issuer.

According to a company spokesperson, the job cuts are not part of a broader staff reduction but rather targeted at several teams that are being eliminated. Discover had earlier announced the sale of its student loan business to focus on core banking products.

FEBRUARY 20, 2024 — CAPITAL ONE TO ACQUIRE DISCOVER: EMPLOYEE BLOODBATH AHEAD

Should Capital One meet regulatory requirements to acquire Discover Financial Services for approximately $35 billion, look for massive layoffs as redundancies are discovered in operational areas.

The key synergy driving the deal is for Capital One to process card transactions on a payment network that isn’t controlled by Visa or Mastercard, resulting in cost savings and a new revenue stream.  

FEBRUARY 1, 2024 — Original post…

Riverwoods, Illinois-based Discover Financial Services, a financial services company that owns and operates Discover Bank, DiscoverCard, and offers various financial products to consumers, has announced that it will attempt to sell its student loan business to focus on its core banking products and implement cost-saving initiatives including a reduction in its workforce.

The reduction in force will impact 108 employees, commencing on March 18, 2024.

Discover has noted that the layoffs were not part of any broader staff reduction plan and were targeted at its enterprise capabilities and enablement team that is being eliminated. It said it encouraged members of the team to seek new jobs at Discover.

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 COUNTRY CLUB MORTGAGE

Visalia, California-based Country Club Mortgage, a residential mortgage, underwriting, and loan processing company, has announced facility closures and a mass layoff.

The layoffs target 105 California staffers in Visalia (69 in total), Fresno (24), Hanford (3), Exeter (3), and Selma (6), including underwriters, processors, disclosure and document specialists, and the company's management– the president and CEO, the finance manager and the credit risk officer.

It is unclear if Vero Mortgage, a division of Country Club Mortgag, is also involved.

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?