Massive Company Is Now Laying Off 105 People in Wisconsin

A massive company is now laying off 105 people in Wisconsin after already closing six other major locations this year.

Walmart has confirmed the closure of another store, affecting a total of 105 employees.

The nation’s biggest grocery chain has already closed six other locations this year.

Walmart is closing down its store situated in the Fair Park neighborhood of Milwaukee, Wisconsin.

The final day to shop will be May 17.

Walmart sent a letter to the state Department of Workforce Development, Mayor Cavalier Johnson, and Milwaukee County Chairwoman Marcelia Nicholson, informing them of the closure.

As a result, 105 employees will be laid off.

Fortunately, shoppers won’t have to travel too far to the nearest Walmart once it closes, reports The US Sun.

“A Walmart Supercenter is located just over three miles away in West Milwaukee.”

There are 11 other locations in the city of Milwaukee.

Meanwhile, workers have been told to apply for open positions at other Walmart and Sam’s Club stores.

This is just the latest Walmart closure of 2024.

Six other locations have closed nationwide already this year.

The first two both came in the county of San Diego, California.

On February 9, the location at Imperial Ave. in San Diego and 605 Fletcher Parkway in El Cajon shut down for good.

In a statement, Walmart said the stores had not met financial expectations.

However, shoppers on social media suggested crime and shoplifting had plagued these locations.

This was followed by the closure of a store in Columbus, Ohio on February 16.

Another closure came in California on March 29 with the loss of the West Covina store.

On April 5, Walmart closed its store in Towson, Maryland, located just outside Baltimore.

And on April 12, a fourth Walmart in California closed – this time, the Neighborhood Market store in Granite Bay.

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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing

Other Economy News Today

Market News Today - Massive Company Is Now Laying Off 105 People in Wisconsin.
Market News Today – Massive Company Is Now Laying Off 105 People in Wisconsin.

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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Market News Today - Massive Company Is Now Laying Off 105 People in Wisconsin.
Market News Today – Massive Company Is Now Laying Off 105 People in Wisconsin.

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