AM I NEXT? NO LOVE AT SCRIPPS NEWS

Atlanta, Georgia-based Scripps News, a news channel, has announced the closure of its 24/7 national, over-the-air broadcast news channel as the company concentrates on its streaming and digital platforms.

The closure will impact 290 employees.

According to CEO Adam Symson, "Amidst an already difficult linear television advertising marketplace, many brands and agencies have decided that advertising around national news is just too risky for them given the polarized nature of this country, no matter the accolades and credentials a news organization like Scripps receives for its objectivity. I vehemently disagree, but it is hurting Scripps News, along with every other national linear and digital news outlet. The prospects for the necessary revenue growth haven't materialized since the company launched the channel."

"This is not the end of Scripps News as an important part of our company. We expect approximately 50 Scripps News staff members will remain to report for our local news audiences and produce the streaming and digital content, all under the Scripps News brand. We will prioritize field reporting, our strong political coverage, investigative reporting and our digital and social media presence. This company has a long history of national reporting for local audiences, and Scripps News will continue to connect our viewers to the important events and ideas outside of their communities.”

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 terrible 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 GE VERNOVA

Cambridge, Massachusetts-based GE Vernova, the energy spin-off from General Electric, has announced a reduction in force as a response to poor market conditions and technical issues in the offshore wind business.

Approximatel 900 employees are targeted.

The company told a government commission that its new plan reflected “industrywide challenges for wind” and aimed to create “a smaller, leaner and more profitable business.”

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 CHARLES RIVER LABORATORIES

Wilmington, Massachusetts-based Charles River Laboratories, a pharmaceutical contract research organization specializing in preclinical and clinical laboratory, gene therapy, and cell therapy services for the pharmaceutical, medical device, and biotechnology industries, has announced a 3% reduction in force.

Up to 564 employees will be targeted for layoffs.

According to Chairman, President, and Chief Executive Officer James C. Foster, “Our financial performance through the first half of this year has been largely in line with our initial outlook; however, forward-looking DSA trends suggest that demand will not improve during the second half of the year as we had previously anticipated, and in fact, will decline for global biopharmaceutical clients. This has caused us to take a much more negative view of our growth prospects for the second half of the year. We believe that our clients are currently more focused on reassessing their budgets and reprioritizing their pipelines, but continue to view strategic outsourcing as a compelling solution to improve their cost efficiency and speed to market, presenting a longer-term opportunity for us.”

“Therefore, it is imperative for us to navigate through this period of softer demand by aggressively managing our cost structure, initiating new and innovative ways to transform our business, being disciplined with our investments, and enhancing our commercial efforts to win new business. We firmly believe that our clients will continue to seek life-saving treatments for rare diseases and other unmet medical needs, which drives us to take further steps to position Charles River for the future. These steps will enable us to emerge as a stronger, leaner partner to help our clients achieve their goals by utilizing our scientific expertise and flexible solutions.

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?