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US Banks Now Receive Subpoenas Following a Massive Margin Call
Bank of America Branch Closures Now Surge Before Year Ends
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Investors Now Press Trump on The MMTLP Scandal: What’s Next?
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Home/Banking News/Ohio Now Sees A Surge in Upcoming Layoffs This Year
Market News Today - Ohio Now Sees A Surge in Upcoming Layoffs This Year

Ohio Now Sees A Surge in Upcoming Layoffs This Year

By Frank Nez
October 6, 2023
1

Ohio is now seeing a surge in upcoming layoffs this year according data from the Ohio Department of Job and Family Services.

“September saw several more businesses announce layoffs in Ohio, adding to the growing of job cuts announced in 2023.

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,” reports Ash Jurberg.

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

In second place is Colorado, with approximately 26,962 layoffs and 84 WARN notices, followed by Illinois, Washington, New York, Texas, New Jersey, Florida, Michigan, and Massachusetts.

Layoffs in Ohio Map 2023 - Franknez.com.
Layoffs in Ohio Map 2023 – Franknez.com.

Ohio has had 5,031 employee layoffs with 57 total WARN notices in 2023.

Below are the businesses that filed a WARN act with the Ohio Department of Job and Family Services advising of upcoming layoffs this year.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Upcoming Layoffs in Ohio 2023

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

  • ExpressPoint Technology Services. Grove City, 65 jobs cut
  • Honeywell. Fairfield 66 jobs cut
  • Republic Steel. Canton 209 jobs cut
  • Sunbeam Products. Perrysburg 130 jobs cut
  • Deluxe Corporation. Streetsboro 71 jobs cut
  • The Mills Company. Marion 65 jobs cut
  • Federal Express Corporation. Youngstown 79 jobs cut
  • Webhelp Americas. Mason 176 jobs cut
  • Angstrom Graphics. Midwest 131 jobs cut
  • First Student. 49 jobs cut
  • The Service Companies. Cincinnati 70 jobs cut
  • Branch Financial. Columbus 55 jobs cut
  • Heartland Healthcare Services. Toledo 155 jobs cut
  • Infrastructure Technologies. Cleveland 38 jobs cut
  • LyondellBasell Advanced Polymer. Akron 64 jobs cut
  • Crothall Healthcare. Youngstown 88 jobs cut
  • Multi-Color Corporation. Mason and Norwood 112 jobs cut
  • Bitwise Industries. Toledo 18 jobs cut
  • David’s Bridal. Stores closed, and jobs were cut across Ohio.
  • Forman Mills. Stores closed, and 98 jobs cut
  • The Service Companies. Cincinnati 70 jobs cut
  • Branch Financial. Columbus 55 jobs cut
  • ProMedica. Sylvania 189 jobs cut
  • American Medical Response. Akron 50 jobs cut
  • iMFLUX. Hamilton 122 jobs cut
  • Sherwin-Williams. Bedford Heights 51 jobs cut
  • Honeywell Intelligrated. West Chester 223 jobs cut
  • Crothall Healthcare. Youngstown 88 jobs cut
  • ProMedica. Toledo 6 jobs cut
  • AmeriMark Middleburg Heights. 223 jobs cut
  • Toppan Merrill. Grove City 186 jobs cut
  • Arrowhead Engineered Products. Cincinnati 7
  • Visible Supply Chain Management. West Chester 37 jobs cut
  • McLaren WellCare Clinics. Cities 118 jobs cut
  • Sensience Cincinnati. 42 jobs cut
  • Pactiv Evergreen. Olmstead Falls 155 jobs cut
  • Yellow Corporation. Green and West Chester 257 jobs cut
  • ProMedica Toledo. 105 jobs cut
  • McLaren St. Luke’s Hospital. Maumee 743 jobs cut
  • Olive. Columbus 44 jobs cut
  • Aultman Alliance Community Hospital. Alliance 56 jobs cut
  • Aultman Hospital. Canton 97 jobs cut
  • Genpak. Columbus 67 jobs cut

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

Other Economy News Today

Market News Today - Ohio Now Sees A Surge in Upcoming Layoffs This Year.
Market News Today – Ohio Now Sees A Surge in Upcoming Layoffs This Year.

Wells Fargo is now scheduled to close 100 branches this year according to records from the Office of the Comptroller of the Currency (OCC).

A spokesperson for the bank told DailyMail that although branches in many regions are closing, a smaller number are opening in a handful of successful markets.

“While the total number of branches continues to decline, new branches are being opened in high growth neighborhoods of existing markets, allowing us to offer more branch convenience,” they wrote.

“We may also open new branches where we combine two older existing branches into one better situated location.

Additionally, customers use our wide range of digital capabilities for many of their banking needs and, as a result, more transactions are happening outside the branch,” they added. 

Wells Fargo executives said the move to shutter the branch locations reflects a surging use of online banking and a diminishing need for brick-and-mortar stores, per The-Sun.

“Customers use our wide range of digital capabilities for many of their banking needs and, as a result, more transactions are happening outside the branch,” a spokesperson for Wells Fargo told the Albuquerque Journal.

“As customer preferences and transaction patterns change, so will our branches and the experiences customers have in them.”

In August, Daily Mail reported that Wells Fargo had filed to close 37 branches nationwide as online competition swept new customers.

7 Wells Fargo branches are currently scheduled to shutter in California for the month of October.

But Wells Fargo isn’t the only bank closing several of its branches.

In fact, JPMorgan Chase has closed the most branches with many more scheduled to shutter by year’s end.

Also Read: Wells Fargo is Now Freezing Bank Accounts in New Scandal

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Market News Today - Ohio Now Sees A Surge in Upcoming Layoffs This Year.
Market News Today – Ohio Now Sees A Surge in Upcoming Layoffs This Year.

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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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  1. Frank Nez says:
    October 6, 2023 at 5:13 pm

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