Unexpected layoffs in California now surge prior to the holidays as more businesses announce upcoming job cuts.
The most recent company to file a WARN notice is VMware, which has advised that a whopping 1,267 staff at its office in Palo Alto will be laid off in January.
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.
Employees learned on Monday that their positions would be eliminated due to the company being acquired by Broadcom.
However, VMware is not the only company advising of mass layoffs.
Below is a list of businesses who have advised of upcoming job cuts in California:
- Qualcomm. 1,064 job cuts by 12/13.
- Dryer’s Grand Ice Cream. 1,015 job cuts by 12/15.
- Ojai Valley Inn. 870 job cuts by 1/02/2024.
- Ajinomoto Foods North America. 538 job cuts by 12/15.
- USS-UPI, LLC. 474 job cuts by 12/01.
- ResMEd Inc. 364 job cuts by 12/01.
- Fashion Institute of Design & Merchandising FIDM. 322 job cuts by 12/30.
- Dryer’s Grand Ice Cream. 306 job cuts by 12/11.
So far in 2023, there has been approximately 72,781 layoffs in California across 1,246 businesses according to the lates WARN data.
California remains the #1 state with the most layoffs in the country.
Other Economy News Today
An essential retailer now plans to close additional stores as part of its bankruptcy restructuring, multiple sources report.
Rite Aid plans to close an additional 31 stores across 12 states after the company announced it had filed for Chapter 11 bankruptcy back in October.
CNN reports that Rite Aid will have approximately 2,000 stores remaining in the U.S. after this latest round of closures.
Despite these 31 additional stores, the total number of closures announced thus far is still significantly lower than the 400 to 500 stores originally predicted to be on the chopping block, says Retail Touch Points.
“Since filing for Chapter 11 in October, the company has undertaken a robust financial restructuring that has included the appointment of Jeffrey Stein, Founder of the financial advisory firm Stein Partners, as its new CEO, Chief Restructuring Officer and member of the board of directors.”
Of the 31 additional stores set to be closed, seven are in California, four are in Pennsylvania, three each are in Ohio, Virginia and Washington, two each are in Michigan, New Jersey, Oregon and New York, and one store apiece will be closed in Connecticut, Maryland and Nevada, CNN reported.
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