AM I NEXT? NO LOVE AT BIMBO BAKERIES

Horsham, Pennsylvania-based Bimbo Bakeries USA, a food producer specializing in fresh bread and sweet baked goods, has announced the closure of its San Antonio bakery and distribution center.

The closure will impact 138 employees and is part of a pre-announced facility closure plan that includes a number of similar plant closures in the United States. The San Antonio layoffs are scheduled for October 5, 2024.

The company is also shutting down two upstate New York facilities, which will result in the loss of 131 jobs.

According to a company spokesperson, “After careful analysis and consideration, we have made the difficult decision to close the San Antonio, Texas, bakery this fall. We will transition production to bakeries in our network that are better equipped to support our future growth.

“We continuously review and adjust bakery assets and utilization to ensure optimal production. After careful analysis and consideration, we have made the difficult decision to close the Auburn, NY; Olean, NY; and San Antonio, TX bakeries this fall. We will transition production to bakeries in our network that are better equipped to support our future growth. We remain grateful for our hardworking associates at these bakeries and are committed to providing them with resources and support to ease their transitions.”

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. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT WEBFLOW

San Francisco, California-based Webflow, a no-code website builder and hosting platform, has announced an 8% reduction in its workforce.

Approximately 48 employees will be impacted.

According to CFO Linda Tong, “To be clear: our business is healthy and our financials are strong. This decision is about sharpening our focus to accelerate delivery in pursuit of our mission. As you’ve heard me say many times in the last few months, we’re entering a new phase at Webflow that will require us to operate differently. Employees laid off in the United States will receive 16 weeks of severance pay and COBRA continuation. Staff will be allowed to keep their company laptops."

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. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT BIG LOTS (9/05/24)

JANUARY 1, 202 — 505 EMPLOYEES

The company will lay off 505 employees at its Rausch Creek Road distribution center located in Tremont, Pennsylvania, with layoffs starting January 6, 2025, and completed by March 31, 2025. This distribution center is one of five nationwide and the only one serving the northeastern U.S.

SEPTEMBER , 2024 — COLUMBUS, OHIO DISTRIBUTION CENTER TO CLOSE

The company will close its Columbus, Ohio, distribution center by October 31, 2024, with the loss of 379 employees.

AUGUST 8, 2024 -UPDATE — HUNDREDS OF STORES TO CLOSE (315?)

Discount chain Big Lots received approval from the Bankruptcy Court to shut down hundreds of outlets, after the company expressed “substantial doubt” on continuing business operations.

AUGUST 8, 2024 — Original post

Columbus, Ohio-based Big Lots, a discount retail chain, has announced the closure of between shutter 35 to 40 stores by the end of 2024.

The closures are expected to impact hundreds of employees at all levels.

The company appears to be in financial distress according to an SEC filing, which notes, "Based on our net losses and use of cash in operating activities in 2022, 2023 and the first quarter of 2024 and our current cash and liquidity projections, we have concluded there is a significant likelihood that we will be unable to comply with the Excess Availability Covenant under the 2022 Credit Agreement and the TermLoan Facility within the next 12 months, which raises substantial doubt about our ability to continue as a going concern. Our unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability of recorded asset amounts or the amounts and classification of liabilities that may result if we do not continue as a going concern.

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. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?