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Bank of America Branch Closures Now Surge Before Year Ends
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Home/Banking News/A US Company Now Announces Unexpected Layoffs Affecting All
Market News Today - A US Company Now Announces Unexpected Layoffs Affecting All

A US Company Now Announces Unexpected Layoffs Affecting All

By Frank Nez
January 25, 2024
2

A US company now announces unexpected layoffs affecting all employees at a Georgia facility, per the latest WARN filings.

GXO Logistics Supply Chain is permanently ceasing operations at its Fairburn, Georgia facility, laying off all 69 employees, according to a Worker Adjustment and Retraining Notification (WARN) Act letter dated Jan. 8.

GXO Logistics is an American global contract logistics company that manages outsourced supply chains and warehousing, and reverse logistics for blue-chip customers in over thirty countries.

Employee separations are expected to start March 10 and be completed within two weeks, according to the letter.

The document also noted that there will be no bumping rights for impacted workers, reports Supply Chain Dive.

Positions affected include PIT operators, material handlers, clerks, among others.

The notification came just days before GXO announced plans to lay off more than 200 employees at a facility in Tennessee, which are also expected to begin in March.

While the job cuts were attributed to the logistics company ceasing operations with one of its customers, it is unclear what prompted the closure of its Georgia facility.

However, a company spokesperson told Supply Chain Dive in an email, “We’re working with employees affected by the changes to apply for open roles in several nearby GXO sites that serve other customers.”

GXO has closed other facilities as it scales back its warehouse footprint.

This includes shuttering two facilities in Texas, one in Wisconsin and another in Indiana.

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

Also Read: A Massive Furniture Company Now Lays Off 1,650 Employees

Other Economy News Today

Market News Today - A US Company Now Announces Unexpected Layoffs Affecting All.
Market News Today – A US Company Now Announces Unexpected Layoffs Affecting All.

Massive retailers now close in a state due to theft, which has driven away a significant number of customers, sources report.

NIKE, Target, and other profitable chain stores have closed various locations after a city was pummeled by thefts, reports The-Sun.

Portland, Oregon has been struggling to battle retail theft, which has driven away a significant number of retailers, said the news outlet.

These include Nike, Target, and REI, who’ve tried to collaborate with police officers to minimize theft, per The Wall Street Journal.

The city and the retailers struggled to address retail crime and seemed unable to find a solution according to emails obtained by the publication.

The problem continued to snowball, resulting in various retailers making the decision to close the locations while claiming that the city didn’t provide sufficient support.

“Everything was working except for the theft,” said James Lampus, a landlord for a Nike store based in Portland.

He explained that the store considered multiple options before deciding to close, including redesigning the space and limiting the amount of customers allowed at a time.

“People on the retail side were exhausted,” he continued.

Portland has struggled with rising cases of homelessness, violent crimes, and residents who are leaving the city in search of better opportunities.

Shoplifting cases were up 22% at the start of 2023, with the city reporting higher numbers than other cities that were surveyed.

Industry executives have called for more collaboration with law enforcement, saying that rising retail crime rates are hurting store safety and company profits.

To combat theft, companies are locking up more products and some are even holding their own investigations to find suspects.

Just this month, governors Gavin Newsom and Kathy Hochul of California and New York respectively called for new legislation against retail theft.

These would include measures that would add or expand criminal penalties on those who profit from, theft or assault on retail workers.

In Portland, leaders said the crime stats don’t give the full picture.

There’s a change in consumer spending, causing a shift in business strategies and negotiations with landlords that play a role in how retailers make decisions.

The city is also setting aside district attorneys to focus on prosecuting shoplifters, said Andrew Fitzpatrick, Portland’s director of economic development.

This is a developing story — for more news and updates like this, opt-in for push notifications.

Also Read: SNAP Benefits Will Now Increase For The Year 2024

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Market News Today - A US Company Now Announces Unexpected Layoffs Affecting All.
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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    January 25, 2024 at 7:14 pm

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  2. Frank Nez says:
    January 25, 2024 at 7:14 pm

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