A New Wave of Unexpected Layoffs Now Hits Maryland

A new wave of unexpected layoffs now hits Maryland 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.

So far, two new businesses have filed WARN notices this week with the Maryland Department of Labor.

Eclipse Advantage has filed a WARN notice advising that 48 employees at a warehouse in Aberdeen will be laid off on February 2 when the facility closes permanently.

Also filing a WARN notice was the Maryland University of Integrative Health advising that 35 staff in Laurel will be laid off on January 31.

Layoffs in Maryland 2023.
Layoffs in Maryland 2023.

So far in 2023, there has been approximately 5,527 layoffs in Maryland across 77 businesses according to the latest WARN layoffs.

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

In second place is New York followed by TexasWashington, New Jersey, FloridaMichigan, and Georgia.

Below is a list of businesses advising of upcoming layoffs in Maryland:

  • Leidos Holdings Inc. 130 job cuts by 12/31.
  • NextGen Healthcare Inc. 99 job cuts by 1/16/2024.
  • Choice Hotels International. 85 job cuts by 1/08/2024.
  • Aramark. 84 job cuts by 12/31.
  • Leisure Care, LLc d/b/a The Landing of Silver Spring. 75 job cuts on 12/02.
  • Ventech Solutions, Inc. 60 job cuts by 12/15.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

Other Economy News Today

Market News Today - A New Wave of Unexpected Layoffs Now Hits Maryland.
Market News Today – A New Wave of Unexpected Layoffs Now Hits Maryland.

Chase is now being sued for closing accounts without warning and for wrongfully cancelling transactions.

Sinai Holdings, a medical services firm in Broward County, Florida, claims that JPMorgan abruptly closed its business accounts with minimal notice, spreading misinformation that damaged its business relationships.

“Similar cases have been previously dismissed. We are prepared to defend ourselves in this latest complaint,” a JPMorgan spokesperson told The U.S. Sun.

The New York Times reported on other sudden account closures based on more than 200 complaints that former JPMorgan account holders sent the newspaper.

The Sinai lawsuit also alleges unethical practices at the bank that hinder its business operations.

JPMorgan placed Sinai, which operates surgery centers and clinics, and its owner, Jacob Gitman, on an internal list of constituents it will not work with, according to the complaint filed in US District Court in southern Florida.

The medical company claims that JPMorgan told its customers that Sinai was under investigation by the Office of Foreign Assets Control (OFAC).

The OFAC is a financial intelligence agency of the US Treasury Department.

It enforces economic agency, preventing people or groups from evading US Sanctions.

“OFAC sanctions are for human traffickers, or terrorists, or people who are proliferating weapons of mass destruction,” Joshua Kon, the attorney for Sinai and Gitman, said in an interview.

“Chase knows that there are no OFAC investigations or no sanctions, yet they continue to put that in written correspondence to customers to explain why a transaction is canceled.”

Because of JPMorgan’s alleged refusal to comply with Sinai, the company has struggled to meet its funding obligations and access credit from other lenders, according to the complaint.

Gitman and Sinai are requesting injunctive relief from the court as they had several of their bank accounts closed at other large US banks due to “Chase’s industry-wide defamation,” wrote Kon in the complaint.

Sinai’s company value has plummeted as a result of its troubles with JPMorgan, despite it growing to over $600 million before the lawsuit, according to the complaint.

Also Read: A US Bank is Now Denying Customers Access to Money

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A New Wave of Unexpected Layoffs Now Hits Maryland
Market News Today – A New Wave of Unexpected Layoffs Now Hits Maryland.

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