Massive Layoffs in Texas Now Surge Prior To The Holidays

Massive layoffs in Texas now surge prior to the holidays as new businesses warn of upcoming job cuts.

The latest business to announce layoffs in Texas this year is solar company ADT Solar.

The company has announced it will close 22 of its 38 locations across the United States as it is “focusing on the top performing markets and rationalizing the overhead and infrastructure of the business accordingly.”

Included in the locations to be closed are Dallas, El Paso, and San Antonio.

So far, only the Dallas location has filed a WARN act with the Texas Workforce Commission advising of layoffs.

They filed a notice advising that 53 employees in Dallas have lost their positions.

However, several businesses in Texas have advised of massive job cuts prior to the holidays.

Below is a list of businesses laying off in Texas this year:

  • MV- Transportation Austin (South Yard). 778 job cuts by 12/31.
  • Stitch Fix. 558 job cuts by 12/01.
  • MV-Transportation Austin (North Yard). 400 job cuts by 12/31.
  • Accenture. 351 job cuts by 12/08.
  • Southwestern Health Resources. 228 job cuts by 12/31.
  • L3Harris. 268 job cuts by 11/30.
  • Mittera Group, Inc. 136 job cuts by 12/09.
  • Harland Clarke Corp. 130 job cuts by 12/01.
  • 122 job cuts by 12/15.

Walmart is also closing its fulfillment center in Fort Worth, resulting in 363 staff being terminated.

CVS Health will also be laying off employees in Irving and Richardson.

Layoffs in Texas 2023.
Layoffs in Texas 2023.

So far in 2023, there has been approximately 21,843 layoffs in Texas across 204 businesses.

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

In second place is New York followed by Colorado, IllinoisTexasWashington, New Jersey, FloridaMichigan, and Georgia.

Also Read: A New Wave of Massive Layoffs Now Hit Florida

Other Economy News Today

Market News Today - Massive Layoffs in Texas Now Surge Prior To The Holidays.
Market News Today – Massive Layoffs in Texas Now Surge Prior To The Holidays.

A massive retailer now permanently closes its biggest store in California in an unexpected turn of events.

Big Lots! has announced the closure of its biggest store in California this week.

According to a November 14th report from The-Sun, the 33,000-square-foot Big Lots! store in Carmichael, California will shutter in January of 2024.

Josh Chaney, a spokesperson for Big Lots, said “Consistent with standard retail practices, we review our store footprint on an ongoing basis to make sure we’re best positioned to successfully serve our customers and our business.” 

“Sometimes this process results in store closings or relocations.”

It is an anchor store within the Carmichael Center, and the second location to close in the area within 12 months, reports The-Sun.

In January of this year, Big Lots announced three stores would close in California, including the Carmichael location, and four other would shutter in Colorado.

In 2022, the company opened nearly 50 stores, but chief financial officer Jonathan Ramsden said that the number of closings will be similar to or slightly above 50 stores.

Bruce Thorn, Chief Executive Officer, cited drastic changes in shoppers’ spending habits as the reason behind the closure.

“Our sales and gross margin were in line with guidance and, importantly, year-over-year inventories continued to come down materially,” he said.

Thorn explained that Big Lots will “increasingly focus” on rural and smalltown markets where the company has proven to outperform similar discount retailers, according to reports.

“This holiday season, Big Lots is making it easier than ever for shoppers to take advantage of some of the year’s biggest bargains, with up to 50% off one-day deals every Friday through Christmas,” the CEO stated.

Also Read: California Now Has Massive Departures As Hundreds of Thousands Leave

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Market News Today - Massive Layoffs in Texas Now Surge Prior To The Holidays.
Market News Today – Massive Layoffs in Texas Now Surge Prior To The Holidays.

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