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Fed Report: Auto Loan and Mortgage Delinquencies Soar Amongst Americans
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Home/Banking News/Massive Layoffs in Arizona Now Claim The Jobs of Thousands
Market News Today - Massive Layoffs in Arizona Now Claim The Jobs of Thousands

Massive Layoffs in Arizona Now Claim The Jobs of Thousands

By Frank Nez
October 23, 2023
5

Massive layoffs in Arizona have now claimed the jobs of thousands as more businesses file WARN acts.

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.

“Transdev filed a WARN act on Friday with the Arizona Department of Economic Security advising of 829 layoffs.

They also filed a WARN notice advising of 135 layoffs in Phoenix in May,” reports Ash Jurberg.

“Transdev is the latest in a growing list of companies to file WARN notices in Arizona.

So far, in 2023, sixty-five companies have announced they will be cutting jobs in Arizona, including General Motors, CVS Health, and UPS.”

Arizona layoffs 2023 map - WARN - Franknez.com.
Arizona layoffs 2023 map – WARN – Franknez.com.

California remains the #1 state with the most layoffs in the country.

In second place is Colorado, followed by Illinois, Texas, Washington, New York, New Jersey, Florida, Michigan, and Georgia.

Below are the businesses that filed a WARN act of upcoming layoffs in Arizona this year.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Upcoming Layoffs in Arizona 2023

Below is a list of companies that have announced they will be cutting jobs in Arizona this year.

  • LECLERC Foods. 93 job cuts.
  • Transdev Services. 829 job cuts.
  • Mobile Health. 93 job cuts.
  • First Savings Bank. 3 job cuts.
  • Bank of the West (BMO). 112 job cuts.
  • Shaw Industries Group. 250 job cuts.
  • TD Synnex. 71 job cuts.
  • Thriveworks Administration Services, LLC. 78 job cuts.
  • OnPoint Laboratories. 5 job cuts.
  • Divvy Homes. 2 job cuts.
  • Dole Fresh Vegetables Inc. 64 job cuts.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Economy News Today

Market News Today - Massive Layoffs in Arizona Now Claim The Jobs of Thousands.
Market News Today – Massive Layoffs in Arizona Now Claim The Jobs of Thousands.

A massive retailer is now making an unexpected comeback as it relaunches for the month of October.

Sears, which has closed most of its U.S. retail stores, is making a major full-time comeback in Burbank, per new reports.

“According to an October 18th report from CoStar.com, the once-mighty retail force is arising at the Burbank Town Center,” says Joel Eisenberg.

“The location, at 111 E. Magnolia Blvd., is a three-story longtime Sears that closed in December 2022 but hinted at reopening earlier this year.

The Burbank reopening comes as other big-box retailers plot a comeback, though they face stiff competition from both online and brick-and-mortar sellers.

Gabe Kadosh, a retail property broker and vice president of Colliers said, “I could see this being as a test to reopen in other markets with this type of store.”

“If merchandised correctly, it could do well.”

Sears, Roebuck and Co. commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago.

In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings.

Through the 1980s, Sears was the largest retailer in the United States. After several years of declining sales, Sears’s parent company filed for Chapter 11 bankruptcy on October 15, 2018.

As of June 21, 2023, there are 11 total Sears stores remaining, with 10 in the mainland US and one location in the US territory of Puerto Rico.

Also Read: This Massive Retailer Has Now Survived Chapter 11 Bankruptcy

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Market News Today - Massive Layoffs in Arizona Now Claim The Jobs of Thousands.
Market News Today – Massive Layoffs in Arizona Now Claim The Jobs of Thousands.

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Author

Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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5 Comments
  1. tom flexstan says:
    October 25, 2023 at 5:52 am

    Roughly 1700 jobs or so for companies taking cost cutting measures. This nowhere near being a “massive layoff” by any stretch of the imagination. I can see political undertones in this article.

    Log in to Reply
    1. Frank Nez says:
      October 25, 2023 at 5:53 am

      Nothing political was mentioned, just data, friend.

      Log in to Reply
  2. Dan Winright says:
    October 25, 2023 at 2:24 am

    When it comes down to FAILURE, progressive democrats do it best.
    Thank a democrat at the polls

    Log in to Reply
  3. Frank Nez says:
    October 23, 2023 at 7:51 pm

    Leave your thoughts below.

    Log in to Reply
    1. JJSCOOBAE says:
      October 25, 2023 at 9:42 pm

      Frank, how many of these are already done?

      Log in to Reply
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