AM I NEXT? NO LOVE AT COMMUTEAIR

Westlake, Ohio-based CommuteAir, a regional airline primarily operating more than 1,600 weekly flights, exclusively on behalf of United Express (United Airlines), has announced it is closing its Lincoln Airport maintenance facility in Lincoln, Nebraska, “due to operational challenges and business needs."

The closure will impact approximately 100 employees commencing on July 18, 2025.

According to a company spokesperson, "We have made the difficult decision to close our maintenance base in Lincoln, Nebraska. We are incredibly grateful to the Lincoln community and the Lincoln Airport for their long-standing support and partnership. This decision was not made lightly, and we deeply appreciate everything the Lincoln team and community have contributed to CommuteAir.”

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 COMMONBOND COMMUNITIES

St. Paul, Minnesota-based CommonBond Communities, a nonprofit organization dedicated to providing affordable housing and supportive services across the Upper Midwest, including Minnesota, Wisconsin, Iowa, and South Dakota, is continuing their reorganization to address financial challenges and ensure long-term sustainability.

The reorganization will impact 117 headquarters employees, including teams associated with community resource advantage services, compliance, facilities, finance, fund development, human resources, information technology, marketing and communications, and property management. Approximately half of their property management services will be outsourced to local third parties. Layoffs are scheduled to commence July 18, 2025, and continue through Jan. 31, 2026.

According to President and CEO Deidre Schmidt ...

CommonBond is addressing challenging conditions in the affordable housing industry and finding fresh solutions to stabilize residents and our portfolio so that we can deliver on our mission well into the future.

As I’ve shared at the end of last year, our future state vision includes:

A smaller and healthier portfolio

A diversified approach to property management

Maximized Advantage Services within our fundraising capacity

I am pleased to say that we are starting to see traction from our actions in pursuit of this vision. I am optimistic that our progress will only accelerate as we continue to apply ourselves to the challenges in our organization, industry and environment, stay centered in our values and make hard decisions when necessary.

CommonBond is pleased to be bringing to the Twin Cities market a mission-driven, non-profit organization to assume a significant property management role for the CommonBond portfolio. Pending important preparation work and required approvals, The Community Builders (TCB) will begin to provide property management services to about half of our portfolio, beginning in 2026, and CommonBond will no-longer self-manage its sites.

Until recently, we anticipated continuing to self-manage about half of our portfolio. However, our 2023 search for third-party property management revealed limited capacity in our region. As a result, we’ve gradually transitioned management to trusted partners—ACC Management Group, Lloyd Management, MetroPlains Management, Property Solutions & Services, and Premier Management & Development—which now oversee roughly half of our communities.

Now, The Community Builders (TCB) presents a new, compelling option. With a strong track record, aligned mission, and established infrastructure supporting 12,000 homes nationally, TCB brings the scale and systems we need. Their entry into our region opens a meaningful alternative to self-management for the rest of our portfolio. They have well-established infrastructure and property management systems made possible by their enviable scale. TCB will begin working with us immediately. CommonBond will continue to offer Advantage Services on our sites.

While TCB will not be bringing social services to our sites (we will continue to do that), they understand and value CommonBond’s Advantage Services. The TCB property management approach is designed to work in conjunction with service partners and considers CommonBond’s Advantage Services a major factor for success of residents and property operations.

CommonBond’s focus will be in our signature programmatic strong suits and the necessary organizational capacity to book earned revenue, manage the organization’s administrative and financial responsibilities and engage a passionate and diverse board.

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 BOOZ ALLEN

McLean, Virginia-based Booz Allen, a consultancy specializing in technology solutions, especially for the public sector, has announced a major 7% reduction in its workforce based on reduced federal spending and the end of a VA contract.

The reduction will impact approximately 2,500 employees, mainly in its civil division, by the end of June 2025.

According to Chairman, CEO and President Horacio Rozanski,

On the talent front, Booz Allen closed the fiscal year with nearly 36,000 employees. Our customer facing staff grew 4.2% year-over-year. Due to the contract impacts we've described, we anticipate that we will see an approximately 7% reduction in Booz Allen staff in the first quarter. This is very heavily concentrated in our civil business.

I am incredibly proud of the people of Booth Allen for their dedication and hard work over the past three years. These results are a credit to them. Through a changing landscape, we remain focused on delivering outcomes, and bringing their passion and commitment to America's most essential missions. A heartfelt thank you to our colleagues for all you do for our company, and for our nation.

We believe that our defense and national security portfolio will continue to grow this year, as we accelerate the injection of AI and commercial technology into missions. In contrast, we expect our Civil business to decline this year. Diving more into civil. Our largest contracts have been reviewed. We are proud that our solutions stood up well, and our contracts are mostly intact. The work is excellent and the missions are critical.

Having said that, the run rate on five large technology contracts has been reduced significantly in support of the administration's desire to reduce spending overall. This slowdown coincided with the ending of a large technology contract at the VA. Together this led to a significant number of employees needing to be redeployed simultaneously. Under normal circumstances and as our history shows, the dynamism of our business typically allows us to move our highly skilled talent quickly to new opportunities.

But at a time when procurements are moving much slower than normal, this has been challenging. As we proactively anticipate continued market and budget dynamics, we have made the decision to restructure and reset our civil business.

We are making targeted cost and head-count reductions to match anticipated demand. These are a combination of reductions in bench, delayering of management and adjusting our infrastructure to match. These decisions are difficult, and they are not taking lightly. Our actions are very targeted, and we believe that they will preserve and enhance our ability to invest both in our business and in our people. Matt will cover all the details of our FY '26 outlook in a few minutes.

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?