A New Wave of Unexpected Layoffs Now Hits New Jersey

A new wave of unexpected layoffs now hits New Jersey as more businesses file WARN notices advising of upcoming job cuts.

It’s important to note that under the Worker Adjustment and Retraining Notification (WARN) 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.

These notices must be filed with the New Jersey Department of Labor and Workforce Development.

So far for 2024, there has been 810 layoffs in New Jersey across 11 companies according to the latest WARN data.

Below is a list of businesses who have advised of upcoming layoffs in New Jersey this year:

• Family Dollar stores. 94 job cuts by 4/20.
• Regal Logistics. 157 job cuts by 5/30.
• Flight Centre Travel Group (USA) Inc. 84 job cuts by 6/01.
• Ashley Stewart Inc. 129 job cuts by 5/8.
• Audible Inc. 62 job cuts by 4/10.
• Newbold Services. 36 job cuts by 4/6.
• ACME Markets Inc. 70 job cuts by 4/1.

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Also Read: A Massive Company Now Announces Unexpected Layoffs in Arkansas

Other Economy News Today

A massive company now announces more store closures for 2024 after closing dozens of locations last year.

“These stores lose tens of millions of dollars a year, and their annual losses nearly doubled in just the last five years,” Walmart said in a press release.

They added, “We have invested hundreds of millions of dollars in the city [of Chicago]… It was hoped that these investments would help improve our stores’ performance.

Unfortunately, these efforts have not materially improved the fundamental business challenges our stores are facing.”

And in 2024, the retailer has already announced the closure of two California stores in January alone, including: 

• Walmart Neighborhood Market on Imperial Avenue, San Diego
• Walmart at Fletcher Parkway, El Cajon

Now, it’s saying it will shutter two more locations, bringing the total store closure tally in 2024 to six.

Those stores are in the Baltimore area of Maryland and California.

So far, the total tally is:

• 2121 Imperial Ave. in San Diego CA)
• 605 Fletcher Parkway in El Cajon (CA)
• 2753 E. Eastland Center Dr in West Covina (CA)
• 4080 Douglas Blvd in Granite Bay (CA)
• 1238 Putty Hill Ave in Towson (MD)
• 3579 S. High St. in Columbus (OH)

Walmart cited poor performance as the reason for the two most recent closures, though it did not go into further detail.

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Also Read: This Massive Clothing Retailer Is Now Closing Three More Stores

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Frank Nez

Frank Nez is an American retail journalist whose research has been cited by SEC and Congressional reports. Frank Nez has been featured by prominent outlets such as TheStreet and NewsBreak. ‘Daily Crypto News’ is now an official CoinMarketCap news source.

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