Massachusetts now becomes the next state to experience massive layoffs according to the latest MassHire Department of Career Services data.
“Layoffs continue to hit businesses in Massachusetts this year.
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,” reports Ash Jurberg.
California remains the #1 state with the most layoffs in the country.
Upcoming layoffs in Massachusetts has grown drastically as more than 5,500 jobs are expected to shutter by the end of the year.
Below are the businesses that have filed a WARN act with the MassHire Department of Career Services this year advising of upcoming layoffs.
Upcoming Layoffs in Massachusetts 2023
Below is a list of upcoming layoffs scheduled to take place in Massachusetts by year’s end.
- SunSetter Products. 54 jobs cuts in Malden
- Starry. 57 jobs cuts in Boston
- Wayfair. 932 jobs cuts in Boston
- Resilience US. 213 jobs cuts in Allston
- Jounce Therapeutics. 77 jobs cuts in Cambridge
- MassBiologics. 26 jobs cuts in Mattapan
- Sunsetter Products. 54 jobs cuts in Malden
- Pear Therapeutics. 78 jobs cuts in Boston
- Takeda Development Centers America. 185 jobs cuts in Cambridge and Lexington
- Path AI. 51 jobs cuts in Boston
- Quad/Graphics. 58 jobs cuts in Leominster
- Community Healthlink. Jobs cut in Worcester
- Thayer Detoxification. 39 jobs cuts in Worcester
- Thayer PASSages. 21 jobs cuts in Worcester
- Transitional Support Systems. 18 jobs cuts in Worcester
- Sunovian Pharmaceuticals. 223 jobs cuts in Marlborough
- Makita USA. 4 jobs cuts in Norwood
- Takeda – Shire Human Genetic Therapies. 42 jobs cuts in Lexington
- The Rockport Company. 148 jobs cuts in Newton
- Greenlight Biosciences. 96 jobs cuts in Lexington
- Transdev Services. 137 jobs cuts in Taunton, Plymouth
- Owens & Minor. 61 jobs cuts in Franklin
- Blue Harvest Fisheries. 57 jobs cuts in New Bedford
- David’s Bridal. Jobs cut across Massachusetts
- Christmas Tree Shops. 223 jobs cuts in Middleboro
- EMD Serono Research & Development Institute. 133 jobs cuts in Billerica
- Rousselot, Inc. 84 jobs cuts in Peabody
- EMD Serono Research & Development Institute. 6 jobs cuts in Billerica
- Northeast Health Group. 215 jobs cuts in Westfield and Chicopee
- Community Healthlink. 78 jobs cuts in Worcester
- Trulieve. 90 jobs cuts in Holyoke
- Vibra Hospital of Western MA. 87 jobs cuts in Springfield
- Fresh American. 50 jobs cuts in Pittsfield
- G2 Secure Staff. 67 jobs cuts in Boston
- Mersana Therapeutics. 124 jobs cuts in Cambridge
- Tufts Medical Center. 242 jobs cuts in Boston
- WayForth. 30 jobs cuts in Boston
- CVS Health. 76 jobs cuts in Boston
- Apellis Pharmaceuticals. 175 jobs cuts in Waltham
- 2seventy bio. 145 jobs cuts in Cambridge
- Sage Therapeutics. 95 jobs cuts in Cambridge
- Emergent Biosolutions. 86 jobs cuts in Canton
- CVS Health. 64 jobs cuts in Wellesley
- Web Industries. 68 jobs cuts in Holliston
- Ambri. 89 jobs cuts in Marlborough
- Trulieve. 90 jobs cuts in Holyoke
- Matheson Flight Extenders. 305 jobs cuts in Chicopee
- Lowell General Hospital. 251 jobs cuts in Lowell
- MelroseWakefield Hospital. 81 jobs cuts in Melrose
Other Economy News Today
Chase has now closed the most branches with more scheduled to shutter by the end of the year.
Thousands of banks have shut down in the US last year, but one has stood apart from the pack with the most closures, says The-Sun.
“Banks are closing branches faster than they’re opening new ones.
U.S. banks closed over 3,000 branches last year while opening just 1,000.
JPMorgan Chase led in branch closures last year, shuttering 144 branches, while opening 133.
The trend will likely continue as banks face staunch competition for deposits and younger customers from online banks, fintech firms and Big Tech,” reports Kiplinger.
Between 2017 and 2021, more than 7,000 branches were closed in the U.S., which represents 9% of all locations.
One-third of these closures have been in areas with large minority populations.
“The initial wave of closures was sparked by mergers and acquisitions in the wake of the 2008 financial crisis.
More recently, changing consumer preferences and improved banking tech are the reasons given for ditching brick-and-mortar locations.
It shows that big-bank investment in tech is paying off, as new apps and websites with an expanding array of services have lured more customers.”
Although Chase is leading bank closures, the bank has stated that it plans to open new branches as well.
A spokesperson for the company told The U.S. Sun that the bank has made “significant investments in new branches, adding more than 650 over the last five years, including delivering on our commitment to build 400 branches in 25 new states.”
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