Layoffs in Colorado now surge prior to the holidays according to the latest WARN data.
It is 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.
A few big companies have laid off several employees in Colorado this year.
“Colorado-based company Sierra Space has laid off 165 employees this week ahead of the long-awaited first mission of its Dream Chaser spaceplane,” reports Ash Jurberg.
Colorado TV and satellite provider Dish Network announced it was laying off over 500 staff earlier this month.
Denver-based vacation rental company Evolve also announced it will cut 175 positions, equivalent to 20% of its workforce.
Pfizer also announced job cuts. They filed a WARN notice with the CDLE advising of job cuts but did not specify how many employees would lose their jobs.
Yelloh, known for its distinctive bright yellow trucks, announced it was ceasing operations in Colorado and cutting all employees.
Below is a list of upcoming layoffs in Colorado prior to the holidays:
- Cygnus Home Service dba Yelloh. 51 job cuts by 12/15.
- American Nursery Services. 25 job cuts by 12/31.
- Evraz. 600 job cuts by 12/22.
- SMX Cargo LLC. 84 job cuts by 12/17.
- Depuy Spine LP (Johnson & Johnson). 67 job cuts by 12/29.
- FedEx. 53 job cuts on 11/03.
- Amentum. 21 job cuts 11/17.
So far in 2023, there has been approximately 27,761 layoffs in Colorado across 95 businesses.
California remains the #1 state with the most layoffs in the country.
Other Economy News Today
Bank of America is now freezing customer accounts according to the bank’s latest scandal and user reports.
A dad’s Bank of America account has suddenly closed overnight – leaving him broke and worried about feeding his family, reports The-Sun.
Elad Nehorai spent hours trying to access his life savings at a Bank of America branch in Los Angeles, reported local CBS affiliate KCAL News.
He complained about his treatment on X, formerly Twitter, saying: “I am with my wife & daughter in a @BankofAmerica office.
“They shut down my account with any notice or explanation, and we won’t be able to feed our family or pay medical expenses.
“We are staying here until it’s fixed. So far they have refused to even explain why they did this.”
His worrying post prompted a number of people to offer help in July.
One user said: “I sympathize with you Elad, BoA did this to my mother last year and it took us forever to get it worked out.
“Please let us know if we need to start up a fund drive for your family to tide you over until it gets resolved.”
Another user said: “I’m horrified that this is legal and apparently we have no recourse, even for answers.
“I am so naive, I didn’t think anything like this could happen here. Scary and frustrating.”
When the bank “heard CBS wanted to cover it [the story], the tone instantly shifted… the bank manager removed the hold on our account and transferred [his money] to another account.
“So, we have our money and can feed our family. That’s thanks to all of you,” Elad stated on X.
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