Massive layoffs in Alabama will now affect thousands as new businesses announce upcoming job cuts before the year ends.
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.
“Alabama based delivery business Shipt has announced mass layoffs of staff,” reports Ash Jurberg.
“This week, the same-day delivery service announced they were laying off workers and closing all open positions.
There has been no announcement on the exact number of jobs cut, but there are reports around 3.5% of staff have been cut. There are currently around 850 employees at its Alabama headquarters.”
“Our business and industry have changed dramatically in the past few years, and to keep Shipt competitive and healthy, we ultimately made the difficult decision to eliminate select positions across the organization.
These decisions are never easy to make, and we have worked for months to do everything we could to avoid having to take this step,” said Molly Snyder, Shipt’s Chief Communications Officer.
The company said that staff who was let go will be paid through November of this year.
So far in 2023, there have been 4,185 employees laid of in Alabama across 27 companies.
California remains the #1 state with the most layoffs in the country.
The following businesses have filed a WARN act of upcoming layoffs in Alabama this year:
- Help at Home. 785 job cuts by 11/04.
- Baxter Healthcare Corporation. 459 job cuts by 11.30.
Other Economy News Today
Florida now has massive departures as hundreds of thousands of residents leave according to new data from the U.S. Census Bureau.
The report shows that over 275,000 people left Florida and moved to another state in 2022.
Of those leaving Florida, 46,884 moved to Georgia, 42,301 moved to North Carolina, 36,200 to Tennessee, 31,456 to South Carolina, and 29,975 relocated to Texas.
Experts have weighed in stating that Florida residents are moving out of the state primarily due to the increasingly high insurance rates.
Newsweek reported, “Home insurance premiums have tripled in the state in the past five years, with residents currently paying on average more than $4,200 per year. The national average is $1,700.”
“When you have a home that’s one million dollars or less, your insurance premium becomes higher than your mortgage,” says Oscar Seikaly, chief executive of NSI Insurance Group.
The Wall Street Journal reported that even the mayor of Palm Beach County, Gregg Weiss, has decided to drop his insurance when the premium doubled to about $20,000.
“I know a lot of people who have done the same thing. The market doesn’t make sense anymore,” said the mayor.
While many residents are leaving Florida, California departures still significantly outweigh the state.
343,000 people left California and moved to another state in 2022, the highest number of any state in the country.
Of those leaving California, 102,000 moved to Texas, 74,000 to Arizona, 50,000 to Florida, and 48,000 to Nevada.
The rising costs of living, especially in younger people, are the primary cause of departures according to experts.
“We are losing younger folks, and I think we will see people continuing to migrate where housing costs are lower,” says Manuel Pastor, a professor at the University of Southern California.
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