A New Round of Unexpected Layoffs Now Hits Maryland

A new round of unexpected layoffs now hits Maryland 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 provide a 60-day notice before laying off 50 or more people at a single site.

Walmart has recently filed a WARN notice this week with the Maryland Department of Labor.

The Walmart at the Towson Place shopping center will close on April 5, resulting in 213 job losses.

Walmart advised employees will be paid through June 15, and those who choose not to transfer will receive severance based on eligibility.

However, Walmart isn’t the only business advising of upcoming layoffs in Maryland.

Below is a list of businesses who have filed WARN notices advising of upcoming job cuts:

  • Daifuku Services America Corporation. 67 job cuts by 4/22.
  • MON AMI BETHESDA, LLC. 55 job cuts by 4/1.
  • Exact Sciences. 58 job cuts by 3/31.
  • UPS. 118 job cuts by 3/26.
  • The AMES Company/ ClosetMaid. 123 job cuts by 3/28.
  • Adecco USA, Inc. 45 job cuts by 5/10.
  • Jobandtalent Hirings, LLC d/b/a LGS Staffing. 125 job cuts by 5/10.
  • District Photo, Inc. 64 job cuts by 4/14.

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Also Read: Another Facility in South Carolina Now Announces An Unexpected Closure

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Market News Today - A New Round of Unexpected Layoffs Now Hits Maryland.
Market News Today – A New Round of Unexpected Layoffs Now Hits Maryland.

A leading tech company is now cutting a whopping 8,000 jobs, part of a plan to increase its AI output, sources confirm.

IBM told employees on Tuesday in its marketing and communications division that it is slashing the size of its staff, according to a person with knowledge of the matter.

Jonathan Adashek, IBM’s chief communications officer, made the announcement in a roughly seven-minute meeting with staffers in the unit, said the person, who asked not to be named because the news hasn’t been made public, reports CNBC.

In December, IBM CEO Arvind Krishna told CNBC that the company was “massively upskilling all of our employees on AI,” after it announced a plan in August to replace nearly 8,000 jobs with AI.

IBM said on its earnings call in January of last year that it was cutting 3,900 positions.

“In 4Q earnings earlier this year, IBM disclosed a workforce rebalancing charge that would represent a very low single digit percentage of IBM’s global workforce, and we expect to exit 2024 at roughly the same level of employment as we entered with,” IBM told CNBC in a statement.

The latest cuts come alongside another round of downsizing in the tech industry.

So far this year, some 204 tech companies have cut almost 50,000 jobs, according to the website Layoffs.fyi.

January was the busiest month for tech layoffs since March, as Alphabet, Amazon and Unity all announced massive job cuts.

IBM has returned to growth in the past couple years, but expansion remains muted, says CNBC.

“Revenue in the fourth quarter increased 4% from a year earlier even as earnings topped estimates. CFO James Kavanaugh spoke of workforce rebalancing on the earnings call.”

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Also Read: A Massive Mall Retailer Is Now Closing in California

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Market News Today - A New Round of Unexpected Layoffs Now Hits Maryland.
Market News Today – A New Round of Unexpected Layoffs Now Hits Maryland.

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