AM I NEXT? NO LOVE AT TERRASCEND

King of Prussia, Pennsylvania-based TerrAscend, a cannabis operator with vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan, and California, and a retail operation in Ohio, has announced a restructuring, including an exit from the Michigan market, including four cultivation and processing facilities, twenty retail dispensaries, and real estate.

This restructuring and reduction in force will impact approximately 21% of the Company’s workforce, an estimated 252 Michigan employees. Most of the layoffs are expected to occur by the end of the fourth quarter of fiscal year 2025.

According to Executive Chairman Jason Wild, “Michigan is an extremely difficult market, and we have come to the realization that our resources can be better utilized in our other markets. This move will unlock value for TerrAscend and its shareholders. By concentrating our efforts and resources in the company’s core northeastern U.S. markets — New Jersey, Maryland, Pennsylvania and Ohio — I am confident that we are now positioned to deliver stronger financial performance, including improved margins and operational efficiencies.”

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, nor promises of 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, at any time, 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 SCIENCE SYSTEMS AND APPLICATIONS, INC.

Lanham, Maryland-based Science Systems and Applications, Inc., a consultancy specializing in scientific, engineering, and IT support for Earth and space science research, has announced a reduction in force, possibly related to contract losses as the Administration prunes the federal budget.

The reduction will affect 149 employees, with layoffs taking effect on August 31, 2025. This follows a previous layoff of 148 workers on April 8, 2025.

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, nor promises of 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, at any time, 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 SHARP HEALTHCARE

San Diego, California-based Sharp HealthCare, a not-for-profit regional health care group operating four acute care hospitals, three specialty hospitals, and three affiliated medical groups, has announced a 1.5% reduction in force.

The reduction will impact 315 employees.

According to a statement released by the company...

"The economic conditions in health care have dramatically changed over the last five years, and it has become increasingly clear that Sharp HealthCare is not immune to the related challenges. To navigate these changes and maintain Sharp’s position as San Diego’s health care leader for generations to come, the organization has made the extremely difficult decision to reduce its workforce. This includes the elimination of 315 employees (1.5% of the workforce) across all levels of the organization — including senior executive leadership — as well as reductions in hours and role adjustments for some positions. The vast majority of these positions are in nonclinical areas of the organization, resulting in minimal impact to direct patient care."  

“Our employees are the heart of our organization, and we value each and every one of them. We do not make these decisions lightly nor without compassion for those impacted, and we are committed to supporting those affected during this challenging transition with career transition support, severance packages, extended health care coverage and other resources to assist them in continuing their careers.” 

"This unfortunate, but necessary, action follows a lengthy and comprehensive market review and thorough analysis of key financial challenges facing Sharp and health systems nationwide. These include rising costs consistently outpacing revenues because of increasing labor costs; capital expenditures related to state-mandated seismic requirements; and inadequate reimbursement from Medicare, Medi-Cal and commercial payers."  

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, nor promises of 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, at any time, 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?