A New Wave of Massive Layoffs Now Strikes California

A new wave of massive layoffs now strikes California as more businesses file WARN notices advising of upcoming job cuts.

It’s important to note that 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.

Between December 7 and 21st, the following twenty-eight businesses officially filed notices with the California Employment Development Department advising of job cuts.

  • Charles Schwab. 155 jobs cut in San Francisco
  • Pac-12 Enterprises. 141 jobs cut in San Ramon
  • St James Infirmary. 71 jobs cut in San Francisco
  • Analog Devices, Inc. 11 jobs cut in San Jose
  • Kaiser Foundation Hospitals. 153 jobs cut across California
  • Intel Corporation. 235 jobs cut in Folsom
  • Oracle America at Adventist Health. 65 jobs cut in Roseville
  • Rico Corp. dba D’ Addario Woodwinds. 26 jobs cut in Sun Valley
  • Global Expedited Transportation. 51 jobs cut in Rancho Cucamonga
  • Acutus Medical. 147 jobs cut in Carlsbad
  • Splunk Inc. 176 jobs cut in San Francisco
  • Accenture. 87 jobs cut in San Jose
  • The Apothecarium. 7 jobs cut in Capitola
  • Atara Biotherapeutics. 73 jobs cut in Thousand Oaks
  • Hyperloop One. 14 jobs cut in Los Angeles
  • TVT Trucking. 142 jobs cut in Gilroy
  • Marvell Semiconductor. 65 jobs cut in Santa Clara
  • Distribution Alternatives. 23 jobs cut in Rialto
  • AHMC San Gabriel Valley Medical Center. 29 jobs cut in San Gabriel
  • TriLink Biotechnologies. 85 jobs cut in San Diego
  • Virgin Galactic. 78 jobs cut in Mojave
  • Intel Corporation. 76 jobs cut in Santa Clara
  • Agilent Technologies. 36 jobs cut in Santa Clara
  • Owens-Brockway Glass Container. 130 jobs cut in Tracy
  • Talis Biomedical Corporation. 103 jobs cut in Redwood City
  • Fish Market Restaurants. Four jobs cut in San Diego
  • Knox Attorney Service. 85 jobs cut in San Jose
Layoffs in California 2023.
Layoffs in California 2023.

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

The state has had approximately 75,954 layoffs this year across 1,298 businesses according to the latest WARN data.

Also Read: California Now Has Massive Departures As Hundreds of Thousands Leave

Other Economy News Today

Market News Today - A New Wave of Massive Layoffs Now Strikes California.
Market News Today – A New Wave of Massive Layoffs Now Strikes California.

When things could not get worse, this bankrupt retailer now gets into unexpected trouble after failing to protect its customers.

Rite Aid was going high tech with its loss prevention by using artificial intelligence-based facial recognition surveillance systems from 2012 to 2020, in order to identify customers who may have been engaged in shoplifting or other problematic behavior in its stores, according to a complaint filed in federal court by the Federal Trade Commission.

The complaint, however, charged that Rite Aid “failed to take reasonable measures to prevent harm to consumers, who, as a result, were erroneously accused by employees of wrongdoing because facial recognition technology falsely flagged the consumers as matching someone who had previously been identified as a shoplifter or other troublemaker.”

Now the FTC is seeking to ban Rite Aid from using AI technology.

The FTC on Dec. 19 filed for a stipulated order and permanent injunction in the U.S. District Court for the Eastern District of Pennsylvania banning Rite Aid from using facial recognition technology for surveillance purposes for five years to settle FTC charges that the retailer failed to implement reasonable procedures and prevent harm to consumers in its use of facial recognition technology in hundreds of stores.

The proposed order will require Rite Aid to implement comprehensive safeguards to prevent harm to consumers when deploying automated systems that use biometric information to track them or flag them as security risks.

Rite Aid will also be required to discontinue using any such technology if it cannot control potential risks to consumers.

The drugstore chain will be required to implement a robust information security program, which must be overseen by the company’s top executives, to settle charges it violated a 2010 Commission data security order by failing to adequately oversee its service providers, .

Rite Aid’s procedures subjected consumers to embarrassment, harassment, and other harm, according to the complaint.

The company did not inform consumers it was using the technology in its stores, and it discouraged employees from revealing such information, according to the complaint.

This is a developing story.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Market News Published Daily 📰

Market News Today - A New Wave of Massive Layoffs Now Strikes California.
Market News Today – A New Wave of Massive Layoffs Now Strikes California.

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.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.

Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.


  1. Frank Nez

    Leave your thoughts below.

  2. Frank Nez

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

© 2024 Franknez.com

Theme by Anders NorenUp ↑