Massive Layoffs in Colorado Now Grow According to WARN Data

November 9, 2023

Massive layoffs in Colorado now grow according to WARN data as more businesses advise of upcoming job cuts before the holidays.

“Colorado TV and satellite provider Dish Network is laying off over 500 staff despite reporting revenue of $3.7 billion earlier this week,” reports Ash Jurberg.

It’s important to note that 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.

Dish has filed a notice with the Colorado Department of Labor and Employment advising of the mass layoffs.

The company released the following statement:

“Like most businesses, we continually evaluate and make adjustments to ensure we’re set up for long-term success.

We made the difficult decision to part ways with some team members due to changing business demands on some teams.

Impacted employees will be notified by the end of the week,” said Meredith L. Diers, Dish Corporate Communications.

Layoffs in Colorado 2023 Map. — Layoffs in Colorado 2023.

So far in 2023, Colorado has had approximately 27,144 employee layoffs across 91 businesses.

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

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

Below is a list of businesses that filed WARN notices of upcoming job cuts in Colorado prior to the holidays this year:

Evraz. 600 job cuts by 12/22.
SMX Cargo LLC. 84 job cuts by 12/17.
Depuy Spine LP (Johnson & Johnson). 67 job cuts by 12/29.
Cygnus Home Service, LLC. 51 job cuts by 12/15.
American Nursery Services. 25 job cuts by 12/31.
Amentum. 21 job cuts by 11/17.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Economy News Today

A massive retailer is now closing several chains in Washington after filing for bankruptcy last month.

“Rite Aid operates over 2,330 stores in 17 U.S. states, but this number is declining,” reports Ash Jurberg.

“The chain recently closed a raft of stores; according to the bankruptcy filing, it shut 210 locations nationwide between September 2022 and September 2023.

Rite Aid, which acquired Seattle-based chain Bartell Drugs in 2020, has already closed five Bartell Drugs stores over the last year.”

As part of their initial bankruptcy filing, Rite Aid announced that 154 locations nationwide, including eleven in Washington, will soon close.

Now, they have added another 25 to the list, including three in Washington.

Customers will have prescriptions moved to nearby stores, while employees can transfer to other Rite Aid locations.

Below is a list of Rite Aid stores closing in Washington:

Seattle: 9600 15th Avenue SW
Lynnwood: 2518 196th Street SW
Bellevue: 3620 Factoria Boulevard SE
Bellevue: 11919 NE 8th Street
Redmond: 7370 170th Avenue NE
Graham: 22201 Meridian Avenue E
Renton: 601 South Grady Way, Suite P
Mill Creek: 3202 132nd Street Southeast
Burien: 110 SW 148th Street
Everett: 10103 Evergreen Way
Lacey: 8230 Martin Way East
Seattle: 1101 Madison Street (Seattle)
Kirkland: 312 Central Way #101
Kent Lake Meridian: 12946 Southeast Kent Kangley Road

Pharmacy competitor CVS is also planning to close a whopping 300 retail stores this year.

This year, CVS has closed locations in Brookfield, Illinois; Des Moines, Iowa; Tallahassee, Florida; Kansas City, Missouri; Queens, New York; Houston, Texas; and Fairfax, Virginia.

Ever since the pandemic, several pharmacy chains have felt big hits in sales.

CVS in late 2021 said it would close roughly 300 stores per year until 2024.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Market News Published Daily 📰

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors. This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

You can also follow me on Twitter, Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.

More Market News 📰

Become a Sponsor for only $1/mo.

Gain access to EXCLUSIVE FrankNez articles you won’t find here.
Become part of a private and safe Discord community, just for retail investors.
Get drawn at the end of the year for holiday giveaways.

Become a Sponsor Today!