A New Wave of Massive Layoffs Now Hits Florida

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

A new wave of massive layoffs has now hit Florida according to the latest economic report from the state.

Thousands suffered from job losses in August as more businesses announced layoffs throughout the month.

Journalist Ash Jurberg reports that the state of Florida saw rising unemployment as the following businesses laid off much of their workforce.

Below are the businesses that filed a WARN act with the Florida Department of Economic Opportunity advising of upcoming layoffs.

  • Walmart. 12 jobs cut in Jacksonville.
  • Thermo Fisher Scientific 205 jobs cut in Alachua.
  • Vita Care. 9 jobs cut in Boca Raton.
  • Paragon Water Systems. 161 jobs cut in Tampa and Oldsmar.
  • Centrex Revenue. 71 jobs cut in Fort Myer.
  • LGSTX Services. 217 jobs cut in Tampa.
  • Centerra. 57 jobs cut in Fort Myers.
  • Wayforth. 31 jobs cut in Sarasota and Fort Myers.
  • CVS. 288 jobs cut in Plantation.
  • Yellow Corp. 524 jobs cut across Tampa, Jacksonville, Miami, Ocala, Fort Myers, Orlando and Boynton Beach.
  • Ritz Carlton. 121 jobs cut in Miami Beach.
  • VSP Optical. 12 jobs in Clearwater.
  • Brightline Trains. 66 jobs cut in West Palm Beach.
  • Vista Building Maintenance Services. 93 jobs cut in Miami.

“Florida was hit by a wave of job cuts in August, with a wide range of businesses announcing layoffs across the month.

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,” reports Jurberg.

Despite rising layoffs in Florida 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

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

A new wave of bank closures is hitting California as early as this month with many more scheduled through November now.

In August, I reported a number of bank closures hitting California up to October.

However, todayโ€™s article will highlight additional banks closing in California in September, October, and November.

This trend has only grown more in recent months and years as online banking surges in popularity.

Between Citibank, Wells Fargo, JPMorgan, and Bank of America, many banks have begun to close nationwide, but especially in California.

According to data from the Federal Deposit Insurance Corporation (FDIC), approximately 8,000 banks were in operation in 2000, but by 2022, this figure was halved.

Here is the latest report on banks closing in California this year.

Related: A US Bank is Now Freezing Some Retiree Accounts

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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 Hits Florida.

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