Employees Now Brace For More Massive Layoffs in Georgia
Employees now brace for more massive layoffs in Georgia as businesses continue to 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 give 60 days’ notice before laying off 50 or more people at a single site.
So far, a total of eight businesses will be laying off employees in the coming weeks to months.
They include:
- Chemical Products Corporation. 121 job cuts by 6/22.
- SIMOS Insourcing Solutions, LLC. 90 job cuts by 7/1.
- Block. 1 job cut by 6/3.
- Volta Charging Industries, LLC. 2 job cuts by 6/1.
- Aludyne. 193 job cuts by 6/30.
- Bionano Genomics Inc. 76 job cuts by 5/24.
- SWISSPORT CARGO SERVICES LP. 235 job cuts by 5/22.
- Jindal Films Americas LLC. 98 job cuts by 5/13.
In April, the following businesses announced layoffs in Georgia:
- FedEx. 326 job cuts on 4/8.
- CEVA Logistics. 61 job cuts on 4/7.
- Fineline Industries, LLC. 92 job cuts on 4/1.
So far for 2024, there has been a total of 1,935 WARN layoffs in Georgia across 18 businesses.
The ongoing reporting of layoffs in the state get updated every few weeks.
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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing
Other Economy News Today
A massive shoe retailer now announces a new wave of layoffs to hit headquarters this summer, affecting over 700 employees.
Nike has announced its ‘second phase’ of mass layoffs, effective June 28, according to a Worker Adjustment and Retraining Notification (WARN) filing.
A total of 740 employees will be impacted in the retailer’s home state.
The layoffs are part of the 2% workforce reduction Nike announced in February, which is taking place across two phases, the company confirmed via email.
Nike said job titles and the number of employees in each category would be provided at a later date, once the company has determined them.
Bumping rights are not available for the impacted employees, reports Retail Dive.
“Nike’s always at our best when we’re on the offense. The actions that we’re taking put us in the position to right-size our organization to get after our biggest growth opportunities as interest in sport, health and wellness have never been stronger,” Nike said in a statement.
“While these changes will impact approximately 2% of our total workforce, we are grateful for the contributions made by all Nike teammates.”
The layoffs are tied to a cost-savings plan Nike unveiled in December, which is aimed at generating up to $2 billion in cumulative savings over three years.
Based on the company’s last annual report, the layoffs to 2% of its total workforce will impact more than 1,600 people.
Savings from the plan are set to be reinvested in driving growth, innovation and profitability.
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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy
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