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Home/Banking News/A New Round of Unexpected Layoffs Now Hits Missouri
Market News Today - A New Round of Unexpected Layoffs Now Hits Missouri

A New Round of Unexpected Layoffs Now Hits Missouri

By Frank Nez
March 19, 2024
2

A new round of unexpected layoffs now hits Missouri 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 give 60 days’ notice before laying off 50 or more people at a single site.

Walgreens has been shuttering locations across the country and now a St. Louis, Missouri location is the latest.

On April 9, the Walgreens at 1400 North Grand Blvd in St. Louis will be closing up for good; a sign posted on the door tells customers.

Upon seeing the news, residents in the area took action, claiming that the removal of this location would dramatically decrease access to supplies and medication essentially causing a “pharmacy desert” according to CBS affiliate KMOV.

However, Walgreens isn’t the only store closing in Missouri.

Below is a list of businesses who have advised of upcoming layoffs in Missouri for 2024:

  • Cygnus Home Service, LLC, d/b/a/ Yelloh. 10 job cuts by 5/3.
  • Missouri Prime Beef Packers. 335 job cuts by 4/26.
  • Oracle. 124 job cuts by 4/1.
  • Winland Foods. 80 job cuts by 3/31.
  • Block, Inc. 32 job cuts by 3/30.

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Also Read: A Massive Company Now Announces Unexpected Layoffs in Arkansas

Other Economy News Today

Market News Today - A New Round of Unexpected Layoffs Now Hits Missouri.
Market News Today – A New Round of Unexpected Layoffs Now Hits Missouri.

A famous clothing mall retailer is now closing for good after it filed for bankruptcy, leaving several loyal customers in despair.

A Forever 21 store located in a popular shopping mall is set to close in days after more than a decade of business.

Fans of the retailer are in despair after several of the chain’s stores across the US have shut or are closing, reports The US Sun.

The Forever 21 outlet at the Westfield Galleria Mall in Roseville, California – located around 25 miles from Sacramento – will close on March 31.

It comes just years after the chain filed for bankruptcy.

The store is closing after 15 years of business, per The Sacramento Bee.

Westfield Galleria is home to chains including Nordstrom, Macy’s, JCPenney, and Abercrombie & Fitch.

The Forever 21 store located in the Westfield shopping center is just one of several outlets that are closing.

Reacting to the closures, one fan said, “All the Forever 21 stores closing down fr [for real]? Ain’t no way this world is ending.”

Three Forever 21 stores in Kansas City, Kansas, are also closing down and liquidation sales have started.

The prices of clothes have been cut by 50% as bosses rush to clear the last remaining stock.

Signs warning customers that everything must go are hanging from windows, per The Kansas City Star.

Last month, The U.S. Sun reported that the Forever 21 store inside the Destiny USA mall in Syracuse, New York, is also closing on March 31.

Forever 21 has been part of the American retail scene for almost 40 years but in 2019, chiefs filed for bankruptcy.

At the time, bosses expected that up to 178 stores would shut in the US as part of the company’s restructuring plans.

Forever 21 has more than 540 stores globally.

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Also Read: A Crafts Retailer Now Declares An Official Bankruptcy

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Market News Today - A New Round of Unexpected Layoffs Now Hits Missouri.
Market News Today – A New Round of Unexpected Layoffs Now Hits Missouri.

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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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Market News Today - A Famous Clothing Mall Retailer Is Now Closing For Good
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A Famous Clothing Mall Retailer Is Now Closing For Good

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A US Company Now Announces Reason For Unexpected Closures

2 Comments
  1. Frank Nez says:
    March 19, 2024 at 10:25 pm

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  2. Frank Nez says:
    March 19, 2024 at 10:25 pm

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