Layoffs in Colorado now surge before the year ends as businesses are expected to cut more than 1,000 jobs.
“Earlier this month, two other businesses announced layoffs in Colorado,” reports Ash Jurberg.
“Denver-based vacation rental company, Evolve announced it will be cutting 175 positions- equivalent to 20% of its workforce.
This is the second round of layoffs for the business this year, having cut 164 staff four months ago.”
“The vast majority of our work has a positive impact on our business, [but] not all of our resources are being allocated to the very few things that will most clearly and powerfully move the needle on value creation and elevate the experiences of our owners, guests and Evolvers,” said Evolve CEO and co-founder Brian Egan.
Pharmaceutical giant Pfizer also announced job cuts with the Colorado Department of Labor and Employment.
However, the company did no specify how many employees would lose their jobs.
“This letter is to inform you that Pfizer will conduct employee separations at the Pfizer Research facility located at 3200 Walnut Street, Boulder, Colorado, 80301.
This action is expected to be permanent. The employee separations are expected to occur on December 4, 2023,” a company statement said.
California still remains the #1 state with the most layoffs in the country.
In 2023, Colorado laid off more than 27,000 employees with 91 businesses filing WARN notices.
Below are the companies that are advising of upcoming job cuts in 2023.
Upcoming Layoffs in Colorado 2023
The businesses listed below have filed WARN acts advising of upcoming layoffs in Colorado for this year 2023:
- Evraz. 600 job cuts by 12/23.
- Packers Sanitation Services (PSSI). 110 job cuts by 10/26.
- FedEx. 94 job cuts by 11/03.
- SMX Cargo LLC. 84 job cuts by 12/17.
- FedEx. 53 job cuts by 11/03.
- American Nursery Services. 25 job cuts by 12/31.
- KeHE Distributors, Inc. 24 job cuts by 11/03.
- Amentum. 21 job cuts by 11/17.
Other Economy News Today
A massive US company is now laying off thousands of employees after announcing the closure of a plant in South Central Oklahoma.
Michelin announced it will be “winding down,” its operations at the plant by 2025.
About 1,400 people will be losing their jobs because of the wind down.
That doesn’t include contractors or other businesses that will also be impacted by the loss of production.
Headquartered in Greenville, S.C., Michelin North America employs about 22,650 and operates 20 major manufacturing plants.
The Ardmore tire factory has been a major employer in the region for decades, opening its doors in 1970.
Michelin says in a news release that the Ardmore plant isn’t equipped to evolve with market demands for tires. The company will be moving production to other passenger-tire plants across the continent.
“Michelin has strived to be a good steward in every chapter for this plant and community. Winding down operations is the hardest of all business decisions,” Terry Redmile, senior vice president of manufacturing for Michelin Group’s Americas Zone, said in a statement from the company.
The company says that precise timing has not yet been determined but that based on the outlook of demand, staffing reductions will occur sometime around mid-2024.
“Additional reductions are expected to occur in phases through 2025 as transition plans are finalized,” the company stated.
“Michelin has strived to be a good steward in every chapter for this plant and community. Winding down operations is the hardest of all business decisions,” said Terry Redmile, senior vice president of manufacturing for Michelin Group’s Americas Zone.
The company said on Thursday that over the coming days and weeks, representatives for the Company will discuss separation benefits individually with each person who works in the factory.
Market News Published Daily 📰
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.
- Gain access to EXCLUSIVE FrankNez articles you won’t find here.
- Become part of a private and safe Discord community, just for retail investors.
- Get drawn at the end of the year for holiday giveaways.
Recommended For You ✨
- SNAP Benefits Will Now Increase For The Year 2024
- Wells Fargo is Now Freezing Bank Accounts in New Scandal
- California Now Has Massive Departures As Hundreds of Thousands Leave
- A US Company Now Declares An Unexpected Bankruptcy
- A Massive US Bank is Now Closing Credit Cards
- Chase Customers Now Unable to Access Money Through ATMs