A New Wave of Massive Layoffs Now Hit Florida

A new wave of massive layoffs now hit Florida as more businesses announce upcoming job cuts for the new year.

Tyson Foods has announced a new round of layoffs in Jacksonville where hundreds of employees will lose their job.

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 plant will close on January 8 and will be the eighth plant Tyson has closed since the beginning of 2023.

As a result of the closure, 219 staff will lose their jobs,” reports Ash Jurberg.

“We are making the difficult decision to close …We understand the impact of this decision on our team members.

We will make every effort to offer them opportunities to remain with the company at other locations and will partner with state and local officials to provide additional resources.

With a focus on optimizing our operational footprint, we are reallocating resources to operate as efficiently as possible while maintaining ample capacity to serve our customers, said Tyson Foods in a statement.

“As part of the Company’s business strategy to operate more efficiently, Tyson Foods has determined that it must eliminate all jobs at its Jacksonville facility located at 5441 West 5th St, Jacksonville, Florida…

The last day of work is anticipated to occur on or about January 8th, 2024, at which time the facility will close on a permanent basis,” the company said.

For far in 2023, approximately 9,283 employees have been laid off in Florida across 190 companies.

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

In second place is New York followed by Colorado, Illinois, Texas, Washington, New Jersey, Florida, Michigan, and Georgia.

Also Read: More Massive Bank Branches in Florida Are Now Closing

Other Economy News Today

A massive bank now closes several branches in Florida as the online banking trend continues to grow, also fueling layoffs in the sector.

This week, Wells Fargo will close the following four branches in Florida.

• 3131 West Hallandale Beach Blvd, Hallandale
• 10191 Cleary Blvd, Plantation
• 113 South Tennessee Ave, Lakeland
• 4901 Tamiami Trail, South Naples

The bank is also closing an additional four branches in California soon.

“In July, Wells Fargo laid off over 100 employees in the consumer and small business banking division in Orlando,” reports Ash Jurberg.

“Banks continue to close across the United States. Between 2017 and 2021, nine percent of all branches — almost 7,000 locations— shut their doors.”

This trend has grown nationwide as traditional banks pivot towards an ever growing digital world.

“Data from S&P Global Market Intelligence shows a total of 1,144 national and regional banks were closed between January 1 and July 31 across 49 states – and firms are pulling out of some areas faster than others,” reports the DailyMail.

“We need to concentrate Wells Fargo real estate investments in fewer locations or reduce space in existing real estate,” Wells Fargo said.

“Branches continue to play an important role in the way we serve our customers, and customers continue to value the experiences they have in our branches,” Saul Van Beurden, the bank’s CEO of consumer, small and business banking, said in a statement. 

Wells Fargo has cut its workforce by roughly 40,000 since the third quarter of 2020, and more cuts ae expected, the bank’s chief financial officer, Mike Santomassimo, said last month.

Also Read: Florida Now Has Massive Departures As Reside

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Frank Nez

Frank Nez is an American retail journalist whose research has been cited by SEC and Congressional reports. Frank Nez has been featured by prominent outlets such as TheStreet and NewsBreak. ‘Daily Crypto News’ is now an official CoinMarketCap news source.

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