AM I NEXT? NO LOVE AT ZIN TECHNOLOGIES

Middleburg Heights, Ohio-based ZIN Technologies, a wholly owned subsidiary of Voyager Space and an experienced developer of ground and flight systems for manned and unmanned aerospace applications, has announced a reduction in force.

The reduction in force will impact 172 employees, including staff and professional positions. Layoffs will be phased commencing on March 31, 2024, and completed by September 30, 2024.

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 PRIMA WAWONA

Fresno, California-based Prima Wawona, one of the largest growers and packers of tree fruit in California, has announced a major sell-off of 16,000 acres of prime agricultural land and a mass reduction in force.

The reduction in force will impact 5,411 employees, including 121 full-time positions (managers, accountants, directors, sales representatives, and supervisors) and 3,743 seasonal employees.

The decision was driven by the company's financial collapse into Chapter 11 bankruptcy on October 13, 2023, and the lack of a buyer to resurrect the company.

According to court documents, the collapse was caused by mismanagement, a lack of understanding of the volatile tree fruit industry, and the use of high-priced consultants who were “either performing poorly or doing nothing at all.”

It appears that this is another case of financial engineering by a private equity firm that did not understand the business of farming.

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 REGIONS FINANCIAL CORPORATION

Birmingham, Alabama-based Regions Financial Corporation, an American bank holding company providing retail banking and commercial banking, trust, stock brokerage, and mortgage services, has announced plans to reduce its workforce by approximately three percent.

Approximately 600 employees are at risk, with the majority of the impacted positions related to the mortgage division, and 70% of the employees located outside of the Birmingham metro area, and spread across the bank's multi-state footprint

According to a company spokesperson, "Our focus is to operate efficiently and effectively while providing the quality service our customers expect. We consistently review our business models based on market demand and overall economic factors. This means a limited number of position reductions in certain divisions, including in our mortgage division, where the higher-rate environment means fewer people are refinancing or applying for new home loans."

“We are deeply thankful for our colleagues’ contributions and encourage impacted associates to apply for other open positions for which they may qualify. We remain committed to meeting the needs of all our customers through personalized services, as well as our enhanced digital tools. Our dedication to delivering customized financial advice, guidance and solutions simply will not change.”

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?