A New Round of Massive Layoffs Now Hits Texas

A new round of massive layoffs now hits Texas as more businesses file WARN notices advising of upcoming job cuts.

Texas is currently leading as the #1 state with the most layoffs in the United States for 2024.

The state currently has 1,726 employee layoffs across 15 businesses according to the latest WARN data.

Last year, Texas had a total of 23,487 layoffs across 220 businesses with California finishing in first place with 85,418 layoffs across 1,548 businesses.

Layoffs in Texas 2024.
Layoffs in Texas 2024.

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

  • Genpact US Services LLC. 365 job cuts by 2/28/2024.
  • HMS Host. 334 job cuts on 1/14/2024.
  • ABM Industries, Inc. Flowers Baking Company. 176 job cuts by 3/02/2024.
  • Jumbo Beverages. 109 job cuts by 2/29/2024.
  • Packers Sanitation Services, Inc. (PSSI) Friona. 103 job cuts on 1/11/2024.
  • Unity Technologies-Austin. 92 job cuts on 1/09/2024.
  • Randalls #2490. 76 job cuts by 2/10/2024.
  • Masonite Corporation (Greenville). 75 job cuts filed 1/08/2024.
  • Tom Thumb Store #3854. 71 job cuts by 2/17/2024.
  • WWL Vehicle Services Americas, Inc. 63 job cuts by 3/18/2024.
  • Horton Automatics. 63 job cuts by 3/18/2024.
  • Technica Corporation. 60 job cuts by 2/15/2024.
  • Versum Materials US LLC. 51 job cuts by 2/02/2024.
  • GDI Services Dallas. 44 job cuts on 1/12/2024.
  • GDI Services – Coppell. 44 job cuts on 1/12/2024.

Also Read: A Massive Clothing Retailer Will Now Lay Off 357 Employees

Other Economy News Today

Market News Today - A New Round of Massive Layoffs Now Hits Texas.
Market News Today – A New Round of Massive Layoffs Now Hits Texas.

A Texas trucking company now files an unexpected bankruptcy during a time where America already has a shortage of drivers.

“More than 80,000 drivers are needed to make up a shortage in America this year.

And unfortunately, this problem doesn’t look like it will be solved anytime soon.

It is believed that by the year 2030, there will be a shortage of 160,000 truck drivers,” the American Journal of Transportation (AJOT) reported.

J.J. & Sons Logistics, which operates as JJ Transport, has now filed for Chapter 7 bankruptcy liquidation, “four days before a wrongful death civil trial filed by the family of one of its former drivers who drowned in 2016 was slated to start in El Paso County, Texas,” FreightWaves reported.

The company has been operating since 2000.

The company had employed 19 drivers using 18 trucks.

Its website, which is still up, shared the following description of the company:

“Fast and friendly, we offer professional services throughout the Southwest area. Our team of pros is up for any job, from big to small.

Customers know that we stand behind our work, putting your satisfaction as our #1 priority.

What really makes us stand out is our dedication, great prices, and attention to detail.”

In its bankruptcy filing, JJ Transport reported that its assets were $500,000 while it reported liabilities between a whopping $100 million and $500 million.

It’s not just the United States that has a shortage of truck drivers.

The International Road Transport Union’s 2023 driver shortage report found more than three million truck driver jobs are unfilled, or 7% of total positions, in 36 countries studied, reports TheStreet.

“With the huge gap between young and old drivers growing, it will get much worse over the next five years without significant action,” the IRU reported.

For more news and updates like this, opt-in for push notification.

Also Read: A Massive Furniture Company Now Lays Off 1,650 Employees

Market News Published Daily 📰

Market News Today - A New Round of Massive Layoffs Now Hits Texas.
Market News Today – A New Round of Massive Layoffs Now Hits Texas.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



2 Comments

  1. Frank Nez

    Leave your thoughts below.

  2. Frank Nez

    For more news and updates like this, opt-in for push notifications.

© 2024 Franknez.com

Theme by Anders NorenUp ↑