AM I NEXT? NO LOVE AT TRUECAR

Santa Monica, California-based TrueCar, a digital automotive platform that uses technology to help car buyers save time and money through a nationwide network of Certified Dealers, has announced a post-buyback organizational realignment as part of a comprehensive effort to refocus the company to restore profitability and focus on its core mission of saving customers time and money when shopping for a new car.

The reorganization will result in a 30% reduction in its workforce, approximately 120 employees.

According to a company statement, "The organizational changes follow an in-depth operational review following the completion of the company's go-private transaction. The new TrueCar senior leadership team met individually with every employee across the organization to understand each role and how it supports TrueCar's mission. Following that review, TrueCar is right-sizing the business to prioritize quality over quantity, profitability over growth-at-all-costs, and execution over expansion. These changes are necessary steps to build a sustainable organization and complete the turnaround of a historically unprofitable company."

Founder and CEO noted, "This is the hardest part of being a leader. We approached this thoughtfully and deliberately as a necessary step to refocus the company on its mission. As soon as I reacquired TrueCar, I personally met with every single team member to understand where the company is today so we can get on track to becoming a sustainable, mission-based company."

Change is constant, and it's 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 ALTON STEEL

Alton, Illinois-based Alton Steel, a Special Bar Quality steel manufacturer, abruptly ceased operations after a vendor removed scrap steel inventory, rendering the plant unable to operate.

The closure impacted 253 employees, the majority of whom are members of the United Steelworkers Local 3643.

According to CEO Chris Ervin, “Our employees have shown exceptional dedication and skill for more than two decades of production. We have worked tirelessly to modernize this facility and remain competitive. But we've reached a point where the fundamental structural challenges cannot be overcome. The steel industry has changed dramatically, and as a privately held company, we cannot access the capital required to compete with larger, publicly traded competitors that have newer facilities and modern equipment.”

Change is constant, and it's 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 INTREPID STUDIOS

San Diego, California-based Intrepid Studios, an independent developer and publisher of video games, has abruptly laid off its entire Ashes of Creation development team without notice or January paychecks after a intra-company battle over intellectual property and a change in the management structure.

Approximately 210 employees, with 123 employees based in California, were affected by the layoff.

Change is constant, and it's 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?