Three Businesses Now File Unexpected Layoffs in Missouri

Three businesses now file unexpected layoffs in Missouri, affecting several hundreds of employees in the coming months.

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.

Three businesses filed WARN notices with the Missouri Office of Workforce Development in this week.

Missouri Central School Bus is ending its relationship with the St. Louis Public Schools (SLPS) at the end of June which will result in a total of 332 employees getting laid off.

The following statement was released:

“In December 2023, Missouri Central School Bus (MCSB) notified the St. Louis Public Schools (SLPS), consistent with the parties’ contract, of its intent to terminate the contract effective June 30, 2024, unless the parties could come to mutually acceptable terms for purposes of continuing MCSB services for the 2024/2025 school year.

Unfortunately, and despite good faith efforts by both sides, the parties were unable to negotiate mutually agreeable terms.

Therefore, MCSB will be closing the Spring and Hall Street locations in St. Louis at the addresses below.

This permanent closing and layoff will affect approximately 332 full-time and part-time employees.”

The second filing was made by the Student Transportation of America advising that a total of 149 staff around Kansas City will be laid off on June 30.

Biotech company Bionano also advised of upcoming layoffs in Missouri.

However, the exact number of layoffs were not provided yet, despite details of the layoffs occurring in Missouri.

Below is a list of other businesses who have advised of upcoming layoffs in Missouri for 2024:

  • Cygnus Home Service, LLC, d/b/a/ Yelloh. 10 job cuts by 5/3.
  • Missouri Prime Beef Packers. 335 job cuts by 4/26.
  • Oracle. 124 job cuts by 4/1.
  • Winland Foods. 80 job cuts by 3/31.
  • Block, Inc. 32 job cuts by 3/30.

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Also Read: A Giant Company Now Announces Unexpected Layoffs in Michigan

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Market News Today - Three Businesses Now File Unexpected Layoffs in Missouri.
Market News Today – Three Businesses Now File Unexpected Layoffs in Missouri.

An internet company is now laying off a whopping 1,200 employees due to a steep decline in 5G spending, sources confirm.

Broadband internet communications company Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden.

The company had 99,950 employees, including 10,744 workers in North America, at the end of 2023, according to a federal filing.

Last year, the company laid off 8,500 staffers, or about 8% of its workforce, to cut costs, per CNBC.

The company said in a statement that the downsizing is part of a broader cost-cutting plan this year that will include more efforts to boost efficiency as it “expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.”

“The cost saving initiatives cover various areas such as reduction of consultants, streamlining of processes, and reduced facilities,” the company said, adding that it had begun negotiations with unions.

“We have initiated information and negotiations with the unions and we will not pre-empt the outcome of them,” an Ericsson spokesperson wrote in an email to CNBC.

“Our aim is to manage this process with fairness, respect, professionalism and in line with the Collective Bargain Agreement and Swedish labor law.”

Monday’s announcement comes as companies across the tech industry continue to slash jobs in large numbers.

More than 50,000 workers have been laid off from over 200 tech companies since the start of the year, according to Layoffs.fyi.

And in 2023, more than 260,000 workers were let go from almost 1,200 tech companies.

Industry giants Alphabet, Amazon, Meta and Microsoft have all contributed to the flurry of job cuts this year, along with companies including Cisco, DocuSign, Snap and Zoom, in hopes of raising profits through focused spending and efficiency fueled by artificial intelligence.

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Also Read: A Grocery Brand Is Now Led Into An Unexpected Bankruptcy

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Market News Today - Three Businesses Now File Unexpected Layoffs in Missouri.
Market News Today – Three Businesses Now File Unexpected Layoffs in Missouri.

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