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.

Layoffs in Florida 2023.

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, IllinoisTexasWashington, New Jersey, FloridaMichigan, and Georgia.

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

Other Economy News Today

Market News Today - A New Wave of Massive Layoffs Now Hits Florida.
Market News Today – A New Wave of Massive Layoffs Now Hit Florida.

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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Market News Today - A New Wave of Massive Layoffs Now Hits Florida.
Market News Today – A New Wave of Massive Layoffs Now Hit Florida.

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13 Comments

  1. Stephen leach

    More tax base moving into Florida at 1200 people a day but at the same time are driving up housing prices because of the demand. I was born in Michigan but I’ve lived here my entire life. Let the people go away that are too scared to stay in the state because of the hurricanes that have deprived them of everything. During hurricane Ian I was in North Port and was sitting in 145 mph winds for 9 hours. The number of people leaving does not match up to the number of people that are coming into this state. I also believe that we have some of the best leaders in this country.

  2. Allyson Reilly

    Bidenomics sucks. They r destroying the USA. Bring back President Trump!!!! Get rid of these Judges and prosecutors…all democrats and rinos harassing the poor man! Let’s arrest the corrupt democrats in office that threatened to kill President Trump and are money laundering!

  3. Jill Shay

    Yea, and who actually owens your mortgage? Pointing at one administration is………..Naive and uninformed.

  4. Brenda Klein

    WHO allowed China to buy Tyson Foods anyway? And now China is impacting UNITED STATES economy by laying off US employees. This should be enough warning that China’s agenda is to bankrupt Americans and leave us without necessary foods. I am appalled by this intrusion into our economy. WHO is going to take back our businesses and get China out of the UNITED STATES OF AMERICA??!!

  5. Dan

    Welcome to Biden economy

    • Julius Rosen

      Hilarious title for this article. TALLAHASSEE, Fla. – Today, FloridaCommerce announced that Florida’s unemployment rate remains at a steady 2.7 percent in August 2023 while the national rate climbed 0.3 percentage point to 3.8 percent. August 2023 marks the 34th consecutive month Florida’s unemployment rate has remained below the nation’s.Sep 15, 2023

  6. Mco

    Welcome to Biden economy

    • Jill Shay

      Yea……and do you know who actually owns your mortgage? Pointing at one administration is……. naive and uninformed.

  7. Karlz

    The layoffs in California and New York, dwarf Florida, but they lead with Florida? No bias here.

  8. Gordon Brown

    Well you can always sell drugs I guess. They can’t tax dirty $$$$

  9. Frank Nez

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

  10. Frank Nez

    Leave your thoughts below.

    • Frank

      A lot of doom and gloom here. Not seeing massive outflows of people from Florida. Seeing data of 1200 new residents a day.

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