A New Wave of Massive Layoffs Now Hits California Hard

September 8, 2023

Market News Today - A New Wave of Massive Layoffs Now Hits California Hard. — Market News Today – A New Wave of Massive Layoffs Now Hits California Hard.

A new wave of massive layoffs is now hitting California hard according to the California Employment Department.

Several thousands of Californians suffered from job losses in August as more businesses announced layoffs throughout the month.

Layoffs in California surpassed layoffs in Florida significantly for the month of August.

Both California and Florida had the most layoffs in Yellow Corp., an American transportation holding company headquartered in Nashville, Tennessee.

Below are the businesses that filed a WARN act with the California Employment Development Department advising of upcoming layoffs.

August Layoffs in California 2023

Gillette Citrus. 93 jobs cut in Dinuba.
Thermo Fisher Scientific 106 jobs cut in Carlsbad and San Diego.
Surgalign Spine Technologies. 99 jobs cut in San Diego.
Circle C Ranch. 14 jobs cut in Stockton.
Tattooed Chef. 234 jobs cut in Los Angeles and Paramount.
G&C Staffing. jobs cut in San Jose.
Niantic 164 jobs cut in Los Angeles and San Francisco.
Hyatt Centric. 111 jobs cut in Sacremento.
GXO Logistics. 61 jobs cut in Ontario.
Valiant Integrated Services. 137 jobs cut in Travis.
Crunchbase 63 jobs cut in San Francisco.
Perfect Day. 75 jobs cut in Berkely.
Hyperloop Technologies. 3 jobs cut in Los Angeles.
Accesso 111 jobs cut in Valencia.
NRI USA. 164 jobs cut in Chino.
Bank of the West. 248 jobs cut in San Ramon and San Francisco.
Macy’s Eagle Rock Plaza Store. 74 jobs cut in Los Angeles.
Microsoft. 40 jobs cut in Mountain View.
Intel Corporation 315 jobs cut across various locations.
Illumina. 154 jobs cut in Hayward and San Diego.
Yellow Corporation. 2,671 jobs cut across various locations.
Cardinal Glass. 29 jobs cut in Los Angeles.
Peloton Interactive Inc. 21 jobs cut in Perris.
Tempo Automation Holdings. 58 jobs cut in San Francisco.
SPT Microtechnologies. 67 jobs cut in San Jose.
Corteva Agriscience. 31 jobs cut in Pittsburg.
Fish Market Restaurants. 140 jobs cut in Palo Alto, San Matteo, San Francisco
FibroGen. 104 jobs cut in San Francisco
Vionic Consumer Care Operations. 6 jobs cut in San Rafael
Accenture. 240 jobs cut in Fremont.
Intense Lighting. 90 jobs cut in Anaheim.
Blowfish. 20 jobs cut in Culver City.
Charles River Laboratories. 55 jobs cut in San Francisco.
Gemological Institute of America, Inc. (GIA) 151 Carlsbad.
Petco Animal Supplies Stores 54 jobs cut in San Diego.
Codexis. 59 jobs cut in Redwood City.
CSL Vifor. 85 jobs cut in Redwood City.
Headway Technologies. 90 jobs cut in Milpitas.
Langmuir Systems. 16 jobs cut in Lakeside.
Pizza Antica Mill Valley. 43 jobs cut in Mill Valley.

Despite rising layoffs in California and other states, banks reiterate that the probabilities of a recession have come down significantly.

Most Americans would differ.

Are we headed towards a recession? Do you know anyone who’s lost their job? Leave your thoughts in the comment section down below.

Also Read: A US Bank Has Now Left Customers With No Money

Banking News For You

Numerous Chase customers have been unable to access money through ATMs in California and other parts of the United States, including Texas, Florida, Ohio, New York City, Arizona, and many others.

This past weekend, more than 16,000 Chase ATMs were affected nationwide.

The outage was due to an internal technology-related issue, a source said on condition of anonymity.

“Looks like Chase is having ATM issues today. Tried the drive thru on CH Pkwy and the ATM crashed. All the ATMs in the lobby are down. Went to Chase on Grand in Chino. Same thing,” reported Jeremy Kuether from the I.E.

“No wonder my payments haven’t got though since yesterday,” said another JPMorgan Chase customer on social media.

As of today, Chase ATMs have now been restored according the bank.

“We have resolved the issue that prevented customers from using our ATMs today. They could still use their debit cards on purchases and other bank ATMs,” a Chase Bank spokesperson said Sunday evening.

Those affected were momentarily unable to pull out cash from Chase ATMs during labor day weekend.

Downdetector, which tracks outages by collating status reports from several sources including users, said there were reports of around 900 outages at its peak.

However, since Monday September 4, reports by the hundreds have continued with some Chase ATMs still being down.

“Brandon FL chase and Valrico FL chase ATMs were down as of yesterday,” says Anthony Akins.

“Chase needs to waive fees since their own ATMs didn’t work on a holiday weekend. Not a good look Chase,” says Christy.

“I’m an atm field technician for Hyosung. We are one of a few companies that services Chase ATMs. I can confirm that all Chase ATMs, nationwide, are down due to a network issue. No eta for restoration has been provided. Being a holiday weekend expect excessive down time,” said John on Downdetector.

Also Read: A US Bank is Now Holding Retirees SS Money Hostage

Market News Published Daily 📰

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.

You can also follow me on Twitter, Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.

More Market News 📰

Become a Sponsor for only $1/mo.

Gain access to EXCLUSIVE FrankNez articles you won’t find here.
Become part of a private and safe Discord community, just for retail investors.
Get drawn at the end of the year for holiday giveaways.

Become a Sponsor Today!