Layoffs in Virginia now surge according to new WARN data as more businesses announce upcoming job cuts before year’s end.
Soft Surroundings is the latest company to lay off employees due to filing for Chapter 11 bankruptcy.
This week, Gordon Brothers, the global asset experts, launched closing sales at all 43 Soft Surroundings retail store locations throughout the United States.
Discounts between 20% and 50% on all items, including casual wear, shoes, and home products, specifically catering to women.
Everything is on sale, including new arrivals perfect for holiday parties and gift-giving.
The following Soft Surroundings stores are now scheduled to close in Virginia:
- Fairfax Corner, 11948 Grand Commons Avenue, Fairfax, VA 22030
- Short Pump Town Center, 11800 West Broad Street, Suite #1064, Richmond, VA 23233
As of layoffs in Virginia for this year, below are the businesses advising of upcoming job cuts to take place soon:
- Morgan Olson, LLC. 435 job cuts by 12/22.
- NE Virginia Emergency Physicians, LLC. 137 job cuts by 12/31.
- Ball Advanced Aluminum Technologies. 73 job cuts by 12/31.
- Advance Care Home Health. 46 job cuts by 1/05/2024.
- Advance Care Hospice. 10 job cuts by 1/05/2024.
- Cygnus Home Service. 9 job cuts by 12/15.
So far, Virginia has had approximately 4,598 layoffs across 49 businesses.
California remains the #1 state with the most layoffs in the country.
Other Economy News Today
An essential retailer now announces painful layoffs as it aims to cut costs and “focus on other company priorities”.
Walgreens is cutting 5% of its corporate staff, which will equate to a whopping 267 jobs.
A Walgreen spokesperson says the job cuts are necessary in order to “streamline our operations and focus on our critical priorities.”
“None of these roles are based at our stores,” they said.
“These latest cuts follow a 10% reduction in Walgreens’ corporate workforce in May 2023,” reports RetailTouchPoints.
The essential retailer has faced a few challenges and bumps on the road, including:
- Paying a $230 billion settlement in May 2023 with the city of San Francisco over the retailer’s role in the opioid epidemic;
- In June 2023 Walgreens announced plans to close 150 U.S. stores and 300 Boots stores in the UK as part of cost-cutting efforts;
- Then-CEO Rosalind Brewer stepped down in September, replaced by Tim Wentworth in October; and
- WBA agreed in October 2023 to a $192.5 million settlement of a class-action lawsuit brought by shareholders claiming they were misled regarding Walgreens’ failed 2015 merger with Rite Aid.
Despite achieving sales of $139.1 billion, a 4.8% increase compared to the previous year, WBA had a net loss of $3.1 billion, down from net earnings of $4.3 billion during FY 2022.
The decrease was driven by a $5.5 billion after-tax charge for opioid-related claims during the period, reports RTP.
Rite Aid, which operates 2,330 stores across 17 states, requested on November 2nd to increase the number of stores to close to 179.
Customers have reported having issues with both companies transferring their medications to other local retailers.
This is a developing story.
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