AM I NEXT? NO LOVE AT JORIKI

Toronto, Ontario-based Joriki, a contract beverage packager, has announced the abrupt closure of its packaging facility in Pittston, Pennsylvania.

The closure impacted 229 employees.

The financially struggling company noted that it had been working for several months, with the financial support from a major customer and primary lenders, on a going-concern transaction it thought would sustain operations at the Pittston plant and avoid job losses.

“Unfortunately, on Dec. 23, 2024, the potential buyer advised it did not intend to proceed with a transaction. Following this, Joriki’s major customer and lenders advised they would no longer fund Joriki’s ongoing operations. These events were sudden, dramatic, and unexpected and have led to a significant financial crisis that the company believes cannot be realistically addressed without implementing the facility closure.”

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 JOANN

Hudson, Ohio-based JoAnn, a fabric and crafts retail company, has warned its corporate employees of an impending March 2025 mass layoff should it fail to find a buyer.

The warning impacts 166 corporate employees located in Hudson, Ohio.

JoAnn, which filed Chapter 11 bankruptcy, will continue operating the company as it follows the court-supervised sale process as it seeks buyers.

According to a company statement, “By way of background, JOANN has been working closely with its financial stakeholders to evaluate how to best position the Company for the future. This includes seeking buyers for sale of the Company. Should the Company fail to secure a buyer who intends to continue to actively operate JOANN’s business (including potentially offering employment to some or all current Company employees), it is possible that the Company may have no choice but to immediately close its Corporate Office and conduct employee separations. While we remain hopeful this closure event will not occur, we are providing notice that if this action does occur, employee separations at or otherwise aligned to the Corporate Office are expected to commence on the 14-day period beginning on March 15, 2025, with limited additional separations to occur within approximately 30 to 120 days thereafter as Corporate Office operations wind down.

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 IV MEDIA

Eden Prairie, Minnesota-based IV Media, a cable, satellite and broadcast home shopping television network and multi-channel video retailer, has announced a reduction in force.

The personnel realignment will impact 122 employees and is scheduled for February 24. 2025.

A company statement noted, ”As consumer behavior shifts and more customers move away from traditional cable services, we are embracing new opportunities. By focusing on innovative strategies such as produced content, social selling, and video-on-demand, we are ensuring we meet our customers where they are and deliver the experiences they value most.”

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?