Twelve warehouse facilities now announce unexpected layoffs, and experts say more job cuts in the sector are to be expected.
The U.S. warehouse hiring boom continues to fade as companies shift their focus from expansion to efficiency within their supply chain networks, reports Supply Chain Dive.
In December, the number of warehousing and storage employees fell to 1.85 million workers, according to preliminary data from the Bureau of Labor Statistics.
That’s the lowest employment count in the sector since November of 2021.
The facts are, more layoffs are coming in the sector in 2024.
Several retail brands, e-commerce players and third-party logistics providers have already disclosed facility closures and job cuts starting this year, impacting over 2,800 employees tied to warehouse and distribution operations.
Below is a list of twelve warehouse facilities that have announced of unexpected layoffs:
- Saks — 90 job cuts in Pennsylvania.
- GXO — 472 job cuts in Ohio, Tennessee, and Georgia
- Zulily — 274 job cuts in Ohio
- Radial — 137 job cuts in Kentucky
- DHL eCommerce — 120 job cuts in Maryland
- Ahold eCommerce — 454 job cuts in New Jersey
- Newell Brands — 190 job cuts in Ohio
- Schenker, Inc. — 478 job cuts in Pennsylvania
- GameStop Fulfillment Center — 155 job cuts in Pennsylvania
- Fruit of the Loom — 119 job cuts in South Carolina
- DHL Supply Chain — 191 job cuts in Illinois
- Fanatics — 218 job cuts in Florida
Businesses are taking a closer look at their operations and assessing where they can increase efficiency while cutting expenses, leading to job cuts and adjustments to network footprints, Supply Chain Dive reports.
“They’re going through a whole consolidation of their manufacturing, they’re going through the consolidation of their 3PL, they’re using this time right now as an opportunity to restructure their network,” says Randal Kenworthy, senior partner of West Monroe’s Consumer and Industrial Products practice.
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Also Read: A Massive Furniture Company Now Lays Off 1,650 Employees
Other Economy News Today
A massive department store now closes for good in a major city, listing sales of up to 70% off, sources report.
One of the last remaining Sears is offering major discounts as it prepares to leave the greater New York City area behind, reports The-Sun.
The closure will leave just 12 Sears locations open nationwide, with only one in the Northeast.
Jersey City, New Jersey’s Newport Mall will lose the major retailer on March 3, an employee confirmed.
Once a titan of American shopping, the company peaked at over 4,000 locations in 2011. It was the world’s largest retailer at the time, The New York Post reported.
The company, bought by KMart in 2004, declared bankruptcy in 2018, by which point it had hundreds of stores.
With over a month left before the shutdown, closing sales of up to 70% are in full swing, reports The-Sun.
The closure was announced on Facebook earlier this month.
“Store Closing Sale going on now at your Jersey City Sears,” the post said simply.
“Stop in today for great bargains!”
The post included a photo of the department store, devoid of people, with signs advertising that “everything” is at least 25% to 75% off.
The post quickly got dozens of reactions.
“Oh god NO!” one customer replied.
Others were unsurprised, given the company’s rapid decline.
“Knew it was just a matter of time,” a user said. “Any Sears/KMarts still open in 2024 just flabbergasts me.”
Any fans of the company will have a long way to travel before they find another location. The next closest Sears is in Massachusetts, outside Boston.
The midwest already lost all of its Sears locations, according to data website Scrape Hero.
In addition to the one in Massachusetts, just four states still have Sears locations.
There are four stores in California, three in Florida, two in Washington, and one in Texas.
There is also one location remaining in Puerto Rico.
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Also Read: A US Company Now Declares An Unexpected Bankruptcy
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