A New List of Massive Layoffs in Florida Now Emerges

A new list of massive layoffs in Florida now emerges according to the latest WARN data advising of upcoming job cuts.

Monterey Mushrooms is one of the latest companies to advise of upcoming layoffs in Florida.

The company has filed a WARN notice advising they will let go of 214 employees in Zellwood by January 13, 2024.

But Monterey Mushrooms isn’t the only company who has recently advised of upcoming job cuts in Florida for the new year.

Below is an updated list of businesses who have filed WARN notices in Florida advising of several layoffs in the state soon:

  • Monterey Mushrooms. 214 job cuts by 1/13/2024.
  • Baker Hughes. 183 job cuts by 1/08/2024.
  • Jacobs Technology Inc. 173 job cuts by 1/01/2024.
  • HMSHost. 166 job cuts by 1/28/2024.
  • InteLogix. 102 job cuts by 1/31/2024.

So far in 2023, there has been approximately 9,791 layoffs in Florida across 197 businesses according to the latest WARN data.

Layoffs in Florida.
Layoffs in Florida.

California remains the #1 state with the most layoffs in the country.

In second place is New York followed by TexasWashington, New Jersey, FloridaMichigan, and Georgia.

Florida is also currently facing unexpected bank closures according to the latest reports from the Office of the Comptroller of the Currency.

A total of seven new bank branches have been added to the list of upcoming closures in Florida this week:

  • Wells Fargo. 2090 NW 107th Ave, Miami
  • Wells Fargo. 1090 Highway A1A, Satellite Beach
  • Bank of America. 4300 North Atlantic Ave, Cocoa Beach
  • Bank of America. 1900 South Ridgewood Ave, Edgewater
  • Bank of America. 4395 S. Suncoast Blvd, Homosassa
  • Bank of America. 15141 SW 42nd St, Miami-Dade
  • JP Morgan. 1319 State Rd 7, North Lauderdale

Between 2017 and 2021, nine percent of all branches — almost 7,000 locations— shut their doors.

Florida had the fourth most closures of any state as banks continue to push customers to digital banking.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

Other Economy News Today

Market News Today - A New List of Massive Layoffs in Florida Now Emerges.
Market News Today – A New List of Massive Layoffs in Florida Now Emerges.

A bankrupt retailer is now costing customers big money after being unable to fulfill several processed orders.

SmileDirectClub apologized to patients after announcing the closure was effective immediately earlier this month.

The company offered vague answers to existing customers about the future of their treatment.

“Unfortunately aligner treatment is no longer available through the SmileDirectClub platform.

All orders that have not yet shipped have been canceled at this time, and you will not receive your aligners,” the company wrote in a statement.

“If you wish to continue treatment outside of our platform, please consult your treating doctor or your local dentist with any questions around future aligner treatment.”

Despite no longer offering service, SmileDirectClub said that SmilePay customers are expected to continue making monthly payments until their plan is paid off.

Ouch!

The company added that information about refund requests will arrive “once the bankruptcy process determines next steps and additional measures customers can take.”

SmileDirectClub was in business for nearly 10 years, providing direct-to-consumer dental products, including aligners that were sold as an alternative to traditional braces.

The company’s telehealth aspect made it a fierce rival to traditional dentistry tools like Invisalign.

However, the dental company was close to $850 million in long-term debt, according to a report from Yahoo! Finance.

After the initial bankruptcy filing, the founders of the company pledged $20 million to recapitalize the business.

The brand has reportedly been un-profitable since September 2019, per the Dental Tribune.

SmileDirectClub also received heavy criticism from dentists and orthodontists since it was founded by Alex Fenkell and Jordan Katzman in 2014, per The New York Times.

The brand fought back by suing some critics before receiving more backlash from customers who accused the brand of violating Food and Drug Administration regulations and creating false advertising with its mail-in teeth molds.

Then in 2022, The District of Columbia Attorney General’s office sued SmileDirectClub for allegedly blocking customers from filing complaints involving claims of harm from the brand’s products.

A settlement was reached in the case, resulting in the company being forced to pay $500,000 to the district and release around 17,000 customers from agreements.

SmileDirectClub denied any wrongdoing.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

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Market News Today - A New List of Massive Layoffs in Florida Now Emerges.
Market News Today – A New List of Massive Layoffs in Florida Now Emerges.

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