Texas Now Faces A New Wave of Massive Layoffs

Texas now faces a new wave of massive layoffs as more businesses file WARN notices advising of upcoming job cuts.

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.

This week, the following two more businesses have filed notices with the Texas Workforce Commission advising of impending job losses.

  • Stanley Black and Decker will be laying off 127 employees in Mission on May 10. In March 2023, they laid off 175 employees in Fort Worth.
  • Signify, the world’s largest lighting manufacturer, is laying off 109 staff in San Marcos on May 16th.
Layoffs in Texas 2024.
Layoffs in Texas 2024.

So far for 2024, there has been 4,064 layoffs in Texas across 35 businesses according to the latest WARN data.

Below is a list of businesses who have advised of upcoming layoffs in Texas this year:

  • Gulf Stevedoring Services, LLC. 29 job cuts by 4/30.
  • Denbury Inc. 111 job cuts by 4/30.
  • Expedia Group Inc. (Austin). 64 job cuts by 5/1.
  • Daifuku Services America Corp. 38 job cuts by 4/22.
  • Oldcastle Infrastructure. 64 job cuts by 4/22.
  • Rio Grande Valley Sugar Growers 2024. 435 job cuts by 4/29.
  • WFS Express, Inc. Kelley Field. 65 job cuts by 4/10.
  • Shearer’s Foods LLC. 176 job cuts by 3/31.
  • Mattison Pathology, LLP dba Avero Diagnotics. 103 job cuts by 12/8.
  • American Airlines. 321 job cuts by 3/30.
  • Hollingsworth LLC. 153 job cuts by 3/31.
  • Vroom. 283 job cuts by 3/23.
  • Vroom-Meadows Place #2. 54 job cuts by 3/23.
  • Longwood Elastomers. 52 job cuts by 4/1.
  • Panera Bread. 84 job cuts by 3/24.
  • Vroom-Sam Houston Parkway. 178 job cuts by 3/23.
  • NexTier Completion Solutions Inc. – San Angelo II. 104 job cuts by 4/17.

For more news and updates like this, opt-in for push notifications.

Also Read: A Massive Company Now Announces Unexpected Layoffs in Arkansas

Other Economy News Today

Market News Today - Texas Now Faces A New Wave of Massive Layoffs.
Market News Today – Texas Now Faces A New Wave of Massive Layoffs.

A massive cosmetics company is now closing this spring as it exits Korea, according to the retailer’s website for the region.

Sephora will begin phasing out its online, mobile app and store operations in Korea starting May 6, which will also be the last day customers can place an online order, per a translation of an FAQ about the closure.

Loyalty members will lose any unused points and have their information deleted at that time as well.

Sephora’s customer service team in Korea will continue operating until mid-August for returns and refunds.

The Sephora Korea site lists five stores in the country. An about page on Sephora’s Singapore website boasts “an expanding base of over 200 stores” in the Asia Pacific region, which also includes China, Australia, Thailand and other countries.

A Sephora spokesperson did not respond to a request for comment on Sephora’s exit from the market, per Retail Dive.

The news comes as Sephora’s U.S. rival Ulta recently announced an expansion into Mexico, planned for 2025.

Competition between the two has heated up over the past few years as both retailers pursue large-scale shop-in-shop partnerships — Sephora with department store Kohl’s and Ulta with mass merchant Target.

Sephora has recently shaken up leadership in some of its geographical regions, naming the next CEO of its North America region in September.

The company’s head of Greater China also reportedly left the company in January, though the retailer would not confirm the move.

Sephora CEO Guillaume Motte himself is a relative newcomer, taking over the top post in January last year.

For more news and updates like this, opt-in for push notifications.

Also Read: A Massive Cosmetics Company Now Closes in New York

Market News Published Daily 📰

Market News Today - Texas Now Faces A New Wave of Massive Layoffs.
Market News Today – Texas Now Faces A New Wave of Massive Layoffs.

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.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



2 Comments

  1. Frank Nez

    Leave your thoughts below.

  2. Frank Nez

    For more news and updates like this, opt-in for push notifications.

© 2024 Franknez.com

Theme by Anders NorenUp ↑