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Home/Banking News/Massive Layoffs in Wisconsin Now Announced For 2024
Market News Today - Massive Layoffs in Wisconsin Now Announced For 2024

Massive Layoffs in Wisconsin Now Announced For 2024

By Frank Nez
April 2, 2024
2

Massive layoffs in Wisconsin have now been announced for 2024 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.

So far, a total of 10 businesses in Wisconsin are expected to lay off nearly 1,000 employees starting the second quarter of 2024.

Last year, more than 6,648 employees were laid off in Wisconsin across 108 businesses according to WARN data.

However, California remained the #1 state with the most layoffs in the country.

In second place was New York followed by Texas, Washington, New Jersey, Florida, Michigan, and then Georgia.

Layoff News Today - Layoffs in Wisconsin.
Layoff News Today – Layoffs in Wisconsin.

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

  • Interflight Parking, LLC. 53 job cuts by 5/31.
  • Lakeside Book Company. 339 job cuts by 6/7.
  • Del Monte Foods, Inc. 90 job cuts by 4/26.
  • ABS Global. 36 job cuts by 4/19.
  • ABS Global, GENUS INTELLIGEN TECHNOLOGIES (Windsor). 8 job cuts by 4/19.
  • ODW Logistics. 107 job cuts by 4/14.
  • Sheridan Wisconsin. 116 job cuts by 4/13.
  • H & S MFG CO Inc. 42 job cuts by 4/4.
  • Hutchinson Technology Incorporated. 90 job cuts by 4/5.
  • Rehabilitation Hospital of Western Wisconsin. 117 job cuts by 4/2.

Below is a list of businesses who laid off employees in Wisconsin last month in March:

  • Zoomlion Heavy Industry NA, Inc. 31 job cuts on 3/20.
  • Social Development Commission. 28 job cuts on 3/21.
  • Continence & Pelvic Wellness Clinic. 1 job cuts on 3/31.
  • Sierra Electrotek LLC. 37 job cuts on 3/8.
  • DWF Wholesale Florists of Milwaukee. 8 job cuts on 3/8.
  • Saputo Cheese USA Inc. 98 job cuts on 3/29.
  • Charter Communications. 173 job cuts on 3/28.
  • Hospital Sisters Health System Sacred Heart Hospital of Eau Claire (SHEC). 821 job cuts on 3/22.
  • HSHS St. Joseph’s Hospital Chippewa Falls. 244 job cuts on 3/22.
  • Prevea Clinic Inc. 323 job cuts on 3/22.
  • Lost Boys Interactive LLC. 12 job cuts on 3/15.
  • Credit Union National Association (DBA America’s Credit Union) (CORRECTED). 38 job cuts on 3/15.

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Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Economy News Today

Market News Today - Massive Layoffs in Wisconsin Now Announced For 2024.
Market News Today – Massive Layoffs in Wisconsin Now Announced For 2024.

A famous retailer is now laying off 614 people in California due to a new acquisition resulting in a new restructuring plan.

Boardriders Wholesale LLC is laying off 614 people in California due to the “recent acquisition by Authentic Brands Group and resulting restructure,” according to state WARN data.

They layoffs began in January with the next round expected by April 26.

Those affected include C-suite executives and other management positions, reports Fashion Dive.

This round of layoffs follows a similar move in September and October 2023, when 84 Boardriders employees were laid off as a result of Authentic Brands Group’s acquisition of the company.

Authentic acquired Boardriders in September 2023.

The previous round of layoffs were also part of restructuring efforts, and employees affected also included C-suite executives.

Boardriders cut 170 jobs in 2022 to reorganize ahead of the Authentic acquisition.

Because of the Authentic deal, “the Company is initiating necessary but difficult measures,” Jennifer Marques, chief human resources officer, wrote in Boardriders’ letter to the California Employment Development Department.

The latest cuts bring the total number of people laid off in California since the Authentic acquisition to 698.

“Authentic’s bench strength is in acquiring great brands with broken business models, converting them into a licensing model, and returning them to profitability,” David Brooks, executive vice president of action & outdoor sports and lifestyle at Authentic, said in an email to Fashion Dive.

“Brands must continue to evolve their business models to thrive and remain competitive.

Embracing change is essential to staying relevant, and part of that change includes our licensing partners taking over key functions and, unfortunately, eliminating certain positions.

These decisions are not taken lightly, but we are pleased that our partners have been able to take on upwards of 5,000 employees globally.”

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Also Read: A Massive Chain with 6,805 Locations Now Begins To Close

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Market News Today - Massive Layoffs in Wisconsin Now Announced For 2024.
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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 publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    April 2, 2024 at 3:37 pm

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  2. Frank Nez says:
    April 2, 2024 at 3:37 pm

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