Massive Layoffs in Wisconsin Now Surge For 2024

Massive layoffs in Wisconsin now surge for 2024 as another business files a WARN act advising of upcoming job cuts early in the new year.

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.

ProHealth Care has announced that it is laying off a whopping 835 staff across several locations in Wisconsin.

The layoffs will occur in Waukesha, Oconomowoc, Mukwonago, Brookfield, New Berlin, Delafield, Pewaukee, Watertown, Muskego, Waterford, Sussex, and Hartland on January 27 next year.

The company made the following statement:

“In an effort to protect the longevity of the organization, Pro Healthcare recently has restructured and removed certain operational lines.

As a result, ProHealth Care will be permanently laying off 835 employees…from their employment on January 27, 2024.”

Layoffs in Wisconsin have recently surged.

Below is a list of businesses that recently laid employees off or are expected to advise of job cuts very soon:

  • Premier Staffing Inc. 223 job cuts by 12/23.
  • Energizer Manufacturing. 172 job cuts by 12/01.
  • Superior Die Set Corp. 133 job cuts on 11/20.
  • Strauss Brands & Logistics. 127 job cuts by 12/10.
  • Weir Slurry Group, Inc. 115 job cuts by 12/31.
  • Process Retail Group, Inc. 66 job cuts by 11/30.
  • Dowco, Inc. 53 job cuts by 12/11.
  • BMO Bank N.A. 44 job cuts by 12/31.
Layoffs in Wisconsin
Layoffs in Wisconsin.

So far in 2023, there has been approximately 5,273 layoffs in Wisconsin across 101 businesses according to the latest WARN data.

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: Massive Layoffs in California Now Underway Prior to Holidays

This article earlier stated that ProHealth Care was laying off 835 employees. However, these employees will be employed by Optum, a spokesperson from ProHealth Care told FrankNez in an email.

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Market News Today - Massive Layoffs in Wisconsin Now Surge For 2024.
Market News Today – Massive Layoffs in Wisconsin Now Surge For 2024.

Wells Fargo will now close a surprising 35 branches soon which has left customers bewildered over their future banking.

“Wells Fargo is closing more than 35 bank locations within months – and customers are fuming,” reports The-Sun.

The bank has announced it will be shutting up shop at two more branches, one in Chicago, Illinois, and the other in Forest Hills, New York.

In September, the institution closed 25 locations, while another 15 shut down in October.

As of November 18, they have closed an additional 21 branches and are expected to carry out four more shutdowns next month.

Many took to X, formerly Twitter, to voice their concern over the string of closures.

“Damn. They closing the Wells Fargo on Grace Street,” one user said.

“That’s kinda crazy to me.”

Another weighed in: “I have been a Wells Fargo customer for twenty years.

“I will be closing all of my accounts now.”

The bank closed the shutters on its store in Richmond, Virginia, on October 28 and its Charlottesville and Sheboygan, Wisconsin branches on November 1.

It comes after around 1,000 Wells Fargo branches closed in 2022, according to the Wells Fargo 2022 annual report.

“The raft of closures was part of a $10 billion expense-reduction program that has seen almost 50,000 workers lose their jobs and a 6 percent reduction of branches.”

Along with branch closures, there have been scores of bank failures across the States.

The U.S. Sun recently reported that Georgia, Florida, and Illinois are the three states with the highest number of failures between 2000 and 2023.

Illinois has had 69 closures and Florida has had 76 in that time, according to a report from MyeListingcom.

Georgia topped the list with 93 bank failures since the start of the millennium.

Banks are increasingly investing more in their online platforms, as more customers are opting for online banking.

Also Read: A US Bank is Now Denying Customers Access to Money

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Market News Today - Massive Layoffs in Wisconsin Now Surge For 2024.
Market News Today – Massive Layoffs in Wisconsin Now Surge For 2024.

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