A giant company now announces unexpected layoffs in California, affecting nearly 200 employees in the coming months.
Abbott Laboratories in Solano County is set for a permanent closure at 53202 Courage Dr, Fairfield, CA 94533, affecting a total of 195 employees.
The layoffs will occur by May 18, 2024 as indicated in a California WARN notice.
Last year, Johnson & Johnson, Medtronic and Abbott were among the top companies to announce layoffs in MedTech as the industry implemented cost-cutting measures.
Companies have continually turned to cost-cutting measures in response to fears of a recession and market challenges that were still lingering as the economy bounced back from the effects of the COVID-19 pandemic.
However, Abbott isn’t the only giant announcing of upcoming layoffs in California for 2024.
Below is an updated list of businesses laying off in California this year:
- Abbott. 195 job cuts by 5/18.
- Fashion Institute of Design & Merchandising. 95 job cuts by 6/17.
- The Hills Hotel. 73 job cuts by 5/17.
- Scripps Health. 147 job cuts by 6/23.
- Bristol-Myers Squibb. 252 job cuts by 4/22.
- Kett Engineering Corporation. 180 job cuts by 5/14.
- AHMC San Gabriel Valley Medical Center LP dba San Gabriel Valley Medical Center. 62 job cuts by 5/13.
- Lumentum Operations LLC. 82 job cuts by 5/6.
- Neovia Logistics Distribution, LP. 31 job cuts by 7/31.
- Catalent, Inc. 90 job cuts by 5/24.
- NFI National Distribution Centers LLC. 30 job cuts by 5/6.
- Bay Area PL Services dba BayPLS. 87 job cuts by 5/4.
- FM Restaurants HQ, LLC. 88 job cuts by 5/3.
- Safran Cabin, Inc. 281 job cuts by 4/30.
- Northrop Grumman. 1,069 job cuts by 4/29.
- UMG Recordings, Inc. (Universal Music Group). 90 job cuts by 5/8.
- St. Vincent de Paul High School. 68 job cuts by 4/30.
- Watermark Services IV, LLC. 41 job cuts by 4/30.
- Delta Dental Plan of California. 137 job cuts by 5/17.
- PKL Services Inc. 89 job cuts by 4/30.
- Walmart. 233 job cuts by 5/31.
- BuzzFeed. 59 job cuts by 4/29.
- Gruma Corp dba Mission Foods. 93 job cuts by 4/28.
- Levi Strauss & Co. 146 job cuts by 4/27.
- UPS. 333 job cuts by 4/27.
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Also Read: A Grocery Brand Is Now Led Into An Unexpected Bankruptcy
Other Economy News Today
A massive company now says they need more immigrant workers due to a labor shortage in an industry Americans are not willing to fill.
Tilson Custom Home Builders CEO Eddie Martin says his company can’t build as many homes as he’d like in Texas because his contractors don’t have enough workers — particularly skilled tradespeople such as electricians, carpenters and plumbers.
This labor shortage, exacerbated by an aging workforce and growing number of retirements, means it’s more crucial than ever for the US to allow more legal immigrants into the country to bolster the ranks of the construction industry, said Martin, CEO of Tilson Custom Home Builders in Austin.
“We’re losing business. There’s no doubt,” said Martin, whose wife’s family started the company in 1932.
“So many of those skilled workers are aging out. There’s nobody replacing them.”
Martin works with 300 contractors to build homes for teachers, police officers, firefighters and others in the middle class, with 500 units currently in the pipeline.
But he now has to tell ‘would-be clients’ that it will likely take 14 months to complete the job, instead of nine months, which prompts some of them to walk away.
If the contractors could boost their workforces by a third, Tilson says he could probably build another 175 homes a year.
Martin, along with many others in the residential and commercial construction industries, have been pushing Congress for years to create a new work visa program or expand existing ones, such as the H-2B program, to enable them to hire more immigrants.
Some would also like to accelerate work authorizations of asylum seekers so they can start training sooner instead of having to wait 180 days, as required by federal law.
The need is growing as the demand for housing increases and as federal infrastructure funding is injected into communities across the country — at a time when fewer young Americans are choosing construction as a career.
President Joe Biden has recently pushed several initiatives to lower housing costs and increase supply, including at a campaign stop in Nevada on Tuesday, reports CNN Business.
But the toxic politics surrounding the border is currently seizing up the passage of new immigration legislation in Congress, quashing any hope of allowing more documented immigrants to build homes, apartment buildings, retail developments and infrastructure projects anytime soon, says the outlet.
“Our issues most likely won’t be addressed until the situation at the southern border is addressed,” said Jim Young, senior director of congressional relations for the Associated General Contractors of America, which advocates for the commercial and multifamily construction industry.
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Also Read: A Giant Company Now Announces Unexpected Layoffs in Michigan
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