A new wave of surprising layoffs now hits Georgia 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.
The latest company to advise of upcoming layoffs in Georgia is VMware, which has filed a notice with the Georgia Department of Labor advising that 217 staff at its office in Atlanta will be laid off.
Employees learned on Monday that their positions would be eliminated due to the company being acquired by Broadcom.
Broadcom closed its $69 billion acquisition of VMware on November 22nd.
VMware sent out the following statement to its workforce:
“Broadcom recently completed its acquisition of VMware.
As part of integration planning and following an organizational needs assessment, we identified go-forward roles that will be required within the combined company.
We regret to inform you that your position is being eliminated, and your employment will be terminated.
We would like to thank you for your dedication and service.
[Furthermore] We want to make this transition as smooth as possible, including offering you a generous severance package and providing you a non-working paid notice period.”
The following businesses have also advised of upcoming job cuts in Georgia this year:
- Excalibur Homes LLC. 120 job cuts by 12/15.
- Standard Delivery, Inc. 90 job cuts by 1/14/2024.
- GXO LOGISTICS SUPPLY CHAIN, INC. 85 job cuts by 12/30.
- Summit Hill Foods, Inc. 80 job cuts by 12/31.
- Thriveworks. 78 job cuts by 11/30.
- All FAB Precision Sheetmetal, Inc. 50 job cuts by 12/31.
So far in 2023, there has been approximately 7,642 layoffs in Georgia across 52 businesses according to the latest WARN data.
California remains the #1 state with the most layoffs in the country.
In second place is New York followed by Colorado, Illinois, Texas, Washington, New Jersey, Florida, Michigan, and Georgia.
Also Read: Massive Layoffs in California Now Underway Prior to Holidays
Other Economy News Today
An unexpected shoe retailer now permanently closes one of its popular stores with more locations expected to shutter soon.
The New Balance store in Fairview Heights, Illinois is shutting its doors for good in just days following an abrupt announcement, reports The-Sun.
The brand with 111 stores across North America has now closed one of its popular locations in Illinois as of Sunday, November 26.
“Shoe shoppers in Fairview Heights lost Sketchers back in June and will now struggle to find comfortable sports and casual shoes,” says The-Sun.
Store items just moments prior to the closure were on sale, allowing locals to make the best out of these deals.
Store associate Victoria Martin revealed the location’s final day to the Belleville News-Democrat.
She was unable to give an official reason behind the closure and highlighted that the store was often recommended by nearby foot doctors.
Martin added that many customers are upset with the move with recent comments on its website focusing on the closure.
“Sorry you’re closing. Been a customer for many years. Recommend others to purchase from you,” one wrote.
“I’ve purchased shoes at this store in Fairview Heights for years and always had excellent quality of service with a pleasant smile,” another added.
“I deeply regret the notice of your choice to close the only store in Metro East. I live and work in Illinois,”
After Sunday’s closure, New Balance customers will have to travel to Richmond Heights or Creve Coeur in Missouri to visit the store.
Meanwhile, other big-name retailers are set to shut up shop in the state in January next year.
TJX plans to close a staggering 6 TJ Maxx and Marshalls locations in Chicago, Illinois in early 2024.
Also Read: Texas Now Has Massive Departures As Residents Leave State
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.
Scroll below to view my stock purchases this month!
You can also follow me on X (Twitter), Instagram, Facebook, 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.
Recommended For You ✨
About The Author
For more news and updates like this, opt-in for push notifications.
Leave your thoughts below.