AM I NEXT? NO LOVE AT PAYWARD

Cheyenne, Wyoming-based Payward, a portfolio of cryptocurrency-related companies spanning trading, custody, payments, lending, on-chain finance, and benchmarks, has announced a 5% reduction in force as part of a strategic corporate reorganization to streamline operations and present a leaner financial profile ahead of a planned Initial Public Offering designed to make the IPO more attractive to investors.

The reduction affects 150 employees.

According to a company statement, "We don't comment on specific personnel or operational decisions. As a high-performance culture, we continually evaluate and evolve our organization to ensure we have the right structure and talent in place to optimize growth and deliver for our clients."

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 GOODYEAR TIRE & RUBBER

Akron, Ohio-based Goodyear Tire & Rubber Company, a multinational manufacturer of tires for passenger vehicles, aviation, commercial trucks, military and police vehicles, motorcycles, recreational vehicles, race cars, and heavy off-road machinery, continues to negotiate with the United Steelworkers union to close its Fayetteville, North Carolina, plant in next year.

Should the plant close, 1,700 employees will be impacted.

A company statement noted, “As the only remaining U.S.-based tire manufacturer, we are committed to U.S. manufacturing in today’s evolving market. This difficult action is necessary to strengthen Goodyear’s ability to compete in today’s marketplace and support the long-term health of the business.”

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 BILL HOLDINGS

San Jose, California-based Bill Holdings, a financial technology company providing an AI-enabled, cloud-based software platform that automates accounts payable, accounts receivable, and spend/expense management for small- to midsize businesses, has announced a restructuring and a 30% cost-containment initiative.

According to their SEC filing, "The Company announced that it will reduce its workforce by up to 30%. The Restructuring is part of the Company’s ongoing efforts to improve organizational agility and efficiency, while also seeking to drive greater profitability."

The reduction in force impacts 709 employees.

The company plans to transition to an "AI-native" model to boost permanent profitability and respond to pressures from activist investors.

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?