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Home/Banking News/A New Round of Unexpected Layoffs Will Now Hit Texas
Market News Today - A New Round of Unexpected Layoffs Will Now Hit Texas

A New Round of Unexpected Layoffs Will Now Hit Texas

By Frank Nez
February 9, 2024
2

A new round of unexpected layoffs will now hit Texas as more businesses file WARN notices advising of upcoming job cuts.

It’s important to note that under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.

New layoffs in Texas are affecting thousands of people starting 2024.

Texas is currently leading as the #2 state in the country with the most job cuts so far with 2,851 WARN notices filed this year.

Last year the state had a whopping 23,487 layoffs across a total of 220 businesses according to WARN Tracker.

Layoffs in Texas 2024.
Layoffs in Texas 2024.

Below is a list of businesses that have filed WARN notices advising of upcoming layoffs in California for 2024:

  • Shearer’s Foods LLC. 176 job cuts by 3/31.
  • Mattison Pathology, LLP dba Avero Diagnotics. 103 job cuts by 12/08.
  • American Airlines. 321 job cuts by 3/30.
  • Hollingsworth LLC. 153 job cuts by 3/31.
  • Vroom. 283 job cuts by 3/23.
  • Vroom-Meadows Place #2. 54 job cuts by 3/23.
  • Longwood Elastomers. 52 job cuts by 4/01.
  • Panera Bread. 84 job cuts by 3/24.
  • Vroom-Sam Houston Parkway. 178 job cuts by 3/23.
  • Horton Automatics. 63 job cuts by 3/18.
  • Jumbo Beverages. 109 job cuts by 2/29.
  • WWL Vehicle Services Americas, Inc. 63 job cuts by 3/18.
  • ABM Industries, Inc. Flowers Baking Company. 176 job cuts by 3/02.
  • Tom Thumb Store #3854. 71 job cuts by 2/17.
  • Genpact US Services LLC. 365 job cuts by 2/28.
  • Randalls #2490. 76 job cuts by 2/10.

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Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Economy News Today

Market News Today - A New Round of Unexpected Layoffs Will Now Hit Texas.
Market News Today – A New Round of Unexpected Layoffs Will Now Hit Texas.

A home furniture retailer now files for unexpected bankruptcy as it moves forward with a plan to restructure its finances.

The RoomPlace revealed that it would make major changes including closing down six stores in one state following its bankruptcy filing.

This Bed Bath and Beyond rival, which opened in 1912, will shut down eight stores across the Midwest, reports The-Sun.

These will include a store in Peoria, Illinois; Kenosha; Wisconsin; and six in the Indianapolis area.

A date for the closures has not yet been announced by the company.

The RoomPlace’s CEO, Bruce Berman, was hopeful about the restructuring project and said it would allow to business to “align its costs with its projected sales and economic realities.”

“What was once viewed as taboo is now a strategic way to realign and strengthen a business,” he added.

Berman pointed out the difficult retail environment as sales decline, especially in the furniture industry.

“We’re making the tough decisions now to ensure we’re around for another 100 years,” he said.

Its restructuring program will include a focus on bettering its 18 stores in the Chicago area.

“We are determined to become better and stronger in Chicagoland by continuing to offer consumers the largest selection of stylish brands at the market’s best prices,” he said.

The other location closures will affect 83 employees in total.

Berman shared that the decision was not an easy one to make due to its staff and customers.

“As a family-run business with strong community ties, it’s not an easy decision to close stores and impact the people who work, shop and live in the affected communities,” he said.

The company also added that orders placed before February 2 at the eight affected stores will be fulfilled.

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Also Read: A Popular Clothing Retailer Now Begins An Unexpected Liquidation

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Market News Today - A New Round of Unexpected Layoffs Will Now Hit Texas.
Market News Today – A New Round of Unexpected Layoffs Will Now Hit Texas.

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Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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A Massive Tech Retailer Now Begins Closures After 16 Years

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    February 9, 2024 at 8:29 pm

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    February 9, 2024 at 8:29 pm

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