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.
Banking News For You
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, today’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.
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.
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.
- 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.
Recommended For You ✨
- Massive Layoffs in Texas Mount as Businesses Now Go Bankrupt
- Banks Are Now Closing Thousands of Accounts Daily
- Chase Customers Now Unable to Access Money Through ATMs
- Wells Fargo is Now Freezing Bank Accounts in New Scandal
- A US Bank is Now Denying Customers Access to Money
- The US Treasury Direct is Now Freezing Customer Accounts