Painful layoffs in Georgia now begin to surge as more businesses file WARN notices advising of upcoming job cuts in the state.
It’s important to note that under the Worker Adjustment and Retraining Notification (WARN) Act, employers with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more employees at a single site.
The latest company to file a WARN notice advising of upcoming layoffs in Georgia is GEODIS.
The transport, logistics, and supply management company filed a notice with the Georgia Department of Labor this week advising that a total of 68 employees will be laid off in McDonough.
Positions being laid off range between operators, warehouse auditors, team leads, and many more.
The company is also laying off a total of 107 employees at its Pennsylvania warehouse, according to Supply Chain Dive.
However, GEODIS isn’t the only business who has advised of upcoming layoffs in Georgia.
Below is a list of other companies laying off in the state this year:
- DHL Supply Chain is laying off 211 staff in Fairburn and McDonough
- Advanced Pro Services will be laying off 65 employees in Atlanta
- Pitney Bowes is also laying off staff in Atlanta.
- WestRock filed a notice advising staff at its Duluth office will laid off
- Flambeau: Closing Madison plant, 89 jobs cut.
- Walmart: Store closures in Dunwoody and Marietta, affecting 295 and 92 employees, respectively.
- Atlanta Attachment Company: Laying off 57 staff in Lawrenceville.
- Chemical Products Corporation: 122 job cuts in Cartersville.
- ZF Active Safety: Eliminating 365 positions in Flowery Branch.
Do you know anyone that has been affected by these layoffs in Georgia? And, are you concerned?
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Other Economy News Today
Applications for unemployment benefits now surge to new highs, a sign that the white-hot labor market is starting to cool off.
First-time applications for unemployment benefits rose last week to 231,000, the highest level since August, per CNN.
Thursday’s data also showed that the number of continuing claims, or applications from people who have filed for unemployment for at least one week, was 1.78 million.
That’s an increase of 17,000 from the prior week, according to the Bureau of Labor Statistics.
The latest numbers come less than a week after the monthly jobs report showed the US economy added just 175,000 positions in April, less than economists expected and a steep drop-off from prior months.
US employers have now added an average of 245,500 jobs per month, versus 2023’s 251,000-per-month average.
Still, hiring remains strong. Although the unemployment rate ticked up to 3.9% last month, it’s the 27th consecutive month that the jobless rate has held under 4%, matching a streak last seen in the late 1960s.
Weekly jobless claims data tends to be volatile but, while one week’s worth of data “does not a trend make,” said Chris Rupkey, chief economist at Fwdbonds.
“We can no longer be sure that calm seas lie ahead for the US economy if today’s weekly jobless claims are any indication.”
“Company layoffs are picking up, hinting at caution on the part of companies as they weigh the outlook for the second half of the year,” he wrote in a note Thursday.
The Federal Reserve has been battling inflation by raising its key lending rate in the hopes of slowing the economy.
While the labor market has so far resisted those efforts, remaining white hot for the past 18 months despite 11 rate hikes from the central bank, Fed Chair Jerome Powell said last week that demand has “cooled from its extremely high level of a couple of years ago.”
Ian Shepherdson at Pantheon Economics said in a note Thursday: “We’d need to see at least a month of elevated readings to convince us that the trend really has turned.”
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Also Read: A Giant Company Now Announces Unexpected Layoffs in Virginia
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