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Home/Banking News/A Giant Company Now Makes Unexpected Layoffs in Washington
Market News Today - A Giant Company Now Makes Unexpected Layoffs in Washington

A Giant Company Now Makes Unexpected Layoffs in Washington

By Frank Nez
April 7, 2024
2

A giant company now makes unexpected layoffs in Washington according to the latest WARN filings, adding thousands of 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.

The notice must be filed with the Washington Employment Security Department.

Pharmaceutical giant Pfizer will lay off a total of 119 workers this spring at a manufacturing facility in south Everett, according to a notice filed with the state.

Last month, Pfizer said it planned to “wind down construction” at the Seagen facility at 215 Shuksan Way.

At the time, the company said plant workers would be “impacted,” but did not say if they’d be laid off.

According to the WARN notice posted Wednesday, Pfizer will close the facility and lay off 119 plant workers with layoffs in Washington beginning June 3.

“This decision is not a reflection on the performances of our colleagues but is in alignment with our site capacity design to meet the needs of the business,” Pfizer said Wednesday in an email to The Daily Herald.

“We will make every effort to place impacted colleagues within open roles at the Bothell site.”

Layoffs in Washington 2024.
Layoffs in Washington 2024.

Other businesses laying off in Washington this year include:

  • TEKsystems, Inc. 86 job cuts by 5/25.
  • Bornstein. 72 job cuts by 6/19.
  • BowFlex Inc. 202 job cuts by 4/19.
  • Jabil. 120 job cuts by 5/3.
  • Expedia. 208 job cuts by 5/1.
  • Del Monte Foods, Inc. 127 job cuts by 4/26.
  • Output Services Group, Inc. 76 job cuts by 4/19.
  • BAE Systems. 54 job cuts by 4/17.
  • Roy Farms, SPC. 129 job cuts by 4/15.
  • Skagit Horticulture, LLC. 169 job cuts by 4/7.
  • RaterLabs. 3,657 job cuts on 4/6.

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Also Read: Food Stamps: 4 Massive Changes Now Coming to SNAP

Other Economy News Today

Market News Today - A Giant Company Now Makes Unexpected Layoffs in Washington.
Market News Today – A Giant Company Now Makes Unexpected Layoffs in Washington.

A popular mall is now losing an unexpected retailer after an impressive 22 year run, citing it is the ‘right move’ for the company.

The Fashion Mall at Keystone in Indiana is getting a major design update and as part of the redevelopment, the Saks Fifth Avenue store in the mall will close.

“Simon is leading the evolution of today’s retail landscape with the strategic transformation of key properties across the country into best-in-class lifestyle destinations,” said Mark Silvestri, Simon’s President of Development, in a press release.

“The redevelopment further solidifies the Fashion Mall at Keystone’s dedication to providing a stand-out retail, lifestyle, and community-focused destination for the region.”

A spokesperson for Saks Fifth Avenue said the decision to close a store is “never easy,” but that this is the right move for the company.

“We are committed to treating every associate with respect and fairness throughout the process; all eligible associates will receive appropriate employment separation packages,” they said in a statement to The U.S. Sun.

The mall’s redesign will see a curated collection of highly sought-after retailers, an outdoor plaza, first-to-market dining and entertainment options, and new office spaces added to the space.

There is currently no update on when the store will close.

However, mall shoppers will still be able to enjoy luxury stores like Louis Vuitton, Gucci, and Tory Burch.

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Also Read: A Giant Company Now Announces Unexpected Layoffs in Virginia

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Market News Today - A Giant Company Now Makes Unexpected Layoffs in Washington.
Market News Today – A Giant Company Now Makes Unexpected Layoffs in Washington.

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Frank Nez

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 7, 2024 at 5:47 pm

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  2. Frank Nez says:
    April 7, 2024 at 5:47 pm

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