AM I NEXT? NO LOVE AT COLLEGE OF SAINT ROSE

Albany, New York-based College of Saint Rose, a liberal arts educational institution, has officially announced its closure after the end of the academic year, culminating with its May 11, 2024, graduation ceremony.

The closure will impact 646 employees, including visiting faculty operating on contracts. The closure will be completed by the end of 2024.

According to a school spokesperson, "The closure of Saint Rose is truly heartbreaking for all of us who care deeply about the history and legacy of this institution and the extraordinary students we serve and have served for 103 years."

Board Chair Jeffrey D. Stone noted, “It is with a heavy heart that the Board decided to close the college at the end of this academic year. The Board determined that the College does not have the financial resources to operate for the full 2024-2025 academic year and, therefore, cannot remain a standalone institution. Like many small, private higher education institutions in the Northeast, the College has struggled to manage operating expenses in the face of declining enrollment caused by both a shrinking pool of high school graduates and the prolonged negative impact of COVID-19. We are devastated that despite all our efforts we were unable to avoid closure. Our goal now is to ease the transition for our students, faculty, and staff.”

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 AURORA SOLAR

San Francisco, California-based Aurora Solar, a developer and host platform of solar industry software that manages solar system design and installation, has announced a 20% reduction in its workforce.

The reduction will impact 500 employees and follows a smaller layoff of 20 people in November 2023.

According to a company spokesperson, “Like many other companies in the solar industry, we’ve felt the effects of larger macroeconomic challenges, including higher interest rates and the impact of NEM 3.0 [ Net Metering] in California."

Under California's NEM 3.0, homeowners are getting paid about 75% less for power sold back to utilities, thus changing the economics of owning and using solar systems. Additionally, homeowners are becoming educated about the hype surrounding the sales of solar units and realize that for the average homeowner, solar is cost prohibitive, the payback is grossly overstated, and the solar component's productive life is a fraction of the contractual period.

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 ZIMMER BIOMET

Warsaw, Indiana-based Zimmer Biomet, a medical device manufacturer, has announced a 3% reduction in its workforce.

The personnel realignment will impact approximately 540 employees/

According to a company statement, In order to create and sustain a framework of operational excellence across Zimmer Biomet, we are making changes to further enhance our execution, commercial focus and how we collaborate. We will be reallocating investments and resources to best position the company for long-term growth, which includes last week’s announcement to reduce headcount by approximately 3% of the more than 18,000 total current global ZB team member positions."

“Simplification of our processes, our structure and how we work is key to delivering on our strategy, and we remain confident in our ability to execute as we continue to deliver on our mission to alleviate pain and improve the quality of life for people around the world.”

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?