Another Massive Company Now Advises of Layoffs in Texas

Another massive company now advises of layoffs in Texas for 2024 according to the latest WARN filings.

VMWare is the latest company to advise of more layoffs in Texas this year.

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.

Broadcom closed its $69 billion acquisition of VMware on November 22 and has announced layoffs of almost 3000 VMware staff across the United States.

Now the company is advising that a whopping 577 employees will be laid off by January 26.

The company made the following statement:

“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.”

Layoffs in Texas.
Layoffs in Texas.

In 2023, there were approximately 23,487 layoffs in Texas across a total of 220 businesses according to the latest WARN data.

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

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

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

Other Economy News Today

Market News Today - Another Massive Company Now Advises of Layoffs in Texas.
Market News Today – Another Massive Company Now Advises of Layoffs in Texas.

A popular store now closes in Illinois after 25 years according to the company’s latest social media post.

Barnes & Nobles has announced its latest book store closure in Illinois after a solid 25 years.

“We’ve found a new home! We must leave this store, and the new bookstore will be located a short distance away at the Prairie Market Shopping Center (2590 US Highway 34, Oswego, IL 60543), next to Best Buy and Near Ulta Beauty and Kohl’s,” the company said in a statement.

“The new location offer us a huge opportunity to feature our highly lauded new store design.

Our shelves will be stocked with all the bestsellers and hidden gems you know and love – our world-class book selection, the best toys and games, expansive vinyl collection, and more.

We can’t wait for you to see our unique new design features and updates B& N Café.

It has truly been our honor and privilege to be your book seller in Naperville for the last 25 years.

While we’re saddened to vacate our current home, we are so excited to stay nearby and in a beautiful new bookstore.”

Many booklovers who have been visiting the area for years now have expressed their disappointment on social media.

“I never thought I’d see the day B&N left that amazing location in downtown Naperville. It’s so sad.”

“This is a huge loss for Naperville. Downtown will never be the same.”

“Downtown Napes won’t be the same without y’all.”

Some complained that the ‘short distance’ to the new location wasn’t so short.

“A short distance, lol. It’s a 25-minute drive from the old location.”

“That’s not a short distance at all!”

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Market News Published Daily 📰

Market News Today - Another Massive Company Now Advises of Layoffs in Texas.
Market News Today – Another Massive Company Now Advises of Layoffs in Texas.

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)InstagramFacebook, 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.



2 Comments

  1. Frank Nez

    Leave your thoughts below.

  2. Frank Nez

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

© 2024 Franknez.com

Theme by Anders NorenUp ↑