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Home/Banking News/Another Company Now Announces Unexpected Job Cuts in Utah
Market News Today - Another Company Now Announces Unexpected Job Cuts in Utah

Another Company Now Announces Unexpected Job Cuts in Utah

By Frank Nez
March 21, 2024
2
Updated on May 15, 2024

Another company now announces unexpected job cuts in Utah according to the Utah Department of Workforce Services.

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.

This week, Whole Foods filed a notice advising that a total of 46 employees in Salt Lake City will be laid off on May 31.

However, Whole Foods isn’t the only business who has advised of upcoming layoffs in Utah for 2024.

Earlier this month two other businesses advised of mass layoffs in Utah.

Academy Mortage advised that 250 staff across Utah will be laid off in April.

The business was recently acquired by Guild Mortgage which has led to these layoffs.

ABM Industry Groups also advised they will be laying off a total of 106 staff in Salt Lake City by March 30.

Layoffs in Utah 2024.
Layoffs in Utah 2024.

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

Other Economy News Today

Market News Today - Another Company Now Announces Unexpected Job Cuts in Utah.
Market News Today – Another Company Now Announces Unexpected Job Cuts in Utah.

A famous clothing mall retailer is now closing for good after it filed for bankruptcy, leaving several loyal customers in despair.

A Forever 21 store located in a popular shopping mall is set to close in days after more than a decade of business.

Fans of the retailer are in despair after several of the chain’s stores across the US have shut or are closing, reports The US Sun.

The Forever 21 outlet at the Westfield Galleria Mall in Roseville, California – located around 25 miles from Sacramento – will close on March 31.

It comes just years after the chain filed for bankruptcy.

The store is closing after 15 years of business, per The Sacramento Bee.

Westfield Galleria is home to chains including Nordstrom, Macy’s, JCPenney, and Abercrombie & Fitch.

The Forever 21 store located in the Westfield shopping center is just one of several outlets that are closing.

Reacting to the closures, one fan said, “All the Forever 21 stores closing down fr [for real]? Ain’t no way this world is ending.”

Three Forever 21 stores in Kansas City, Kansas, are also closing down and liquidation sales have started.

The prices of clothes have been cut by 50% as bosses rush to clear the last remaining stock.

Signs warning customers that everything must go are hanging from windows, per The Kansas City Star.

Last month, The U.S. Sun reported that the Forever 21 store inside the Destiny USA mall in Syracuse, New York, is also closing on March 31.

Forever 21 has been part of the American retail scene for almost 40 years but in 2019, chiefs filed for bankruptcy.

At the time, bosses expected that up to 178 stores would shut in the US as part of the company’s restructuring plans.

Forever 21 has more than 540 stores globally.

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Also Read: A Massive US Company Is Now Closing 500 Locations

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Market News Today - Another Company Now Announces Unexpected Job Cuts in Utah.
Market News Today – Another Company Now Announces Unexpected Job Cuts in Utah.

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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 blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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Market News Today - A Popular Retailer Now Has A Massive Closing Down Sale
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A Popular Retailer Now Has A Massive Closing Down Sale

Market News Today - A Massive Bank Is Now Cutting Hundreds of Jobs
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A Massive Bank Is Now Cutting Hundreds of Jobs

2 Comments
  1. Frank Nez says:
    March 21, 2024 at 9:35 pm

    Leave your thoughts below.

  2. Frank Nez says:
    March 21, 2024 at 9:35 pm

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