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Home/Banking News/Unexpected Layoffs in Maryland Now Grow Prior To Holidays
Market News Today - Unexpected Layoffs in Maryland Now Grow Prior To Holidays

Unexpected Layoffs in Maryland Now Grow Prior To Holidays

By Frank Nez
November 23, 2023
2

Unexpected layoffs in Maryland now grow prior to the holidays according to the latest WARN data.

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. 

The latest company to get hit by job cuts in Maryland is NextGen Healthcare, which has advised will be laying off 99 employees.

This is the company’s third recent WARN Act filing.

Last week, NextGen Healthcare also advised that 84 staff in Missouri and 65 in Pennsylvania would be laid off by early next year.

Layoffs in Maryland 2023.
Layoffs in Maryland 2023.

So far this year, there has been approximately 5,365 layoffs in Maryland across 73 businesses according to the latest WARN data.

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

In second place is New York followed by Colorado, Illinois, Texas, Washington, New Jersey, Florida, Michigan, and Georgia.

Below is a list of businesses who have announced of upcoming job cuts in Maryland this year:

  • Leidos Holdings Inc. 130 job cuts by 12/31.
  • Oracle America. 102 job cuts by 11/30.
  • Choice Hotels International. 85 job cuts by 1/08/2024.
  • Aramark. 84 job cuts by 12/31.
  • Leisure Care, LLc d/b/a The Landing of Silver Spring. 75 job cuts by 12/02.
  • Money Map Press, LLC. 63 job cuts on 11/14.
  • Ventech Solutions, Inc. 60 job cuts by 12/15.
  • Exemplis, LLC. 47 job cuts on 11/19.
  • Perfected Logistics, LLC. 65 job cuts on 11/07.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Economy News Today

Market News Today - Unexpected Layoffs in Maryland Now Grow Prior To Holidays.
Market News Today – Unexpected Layoffs in Maryland Now Grow Prior To Holidays.

A massive retailer will now close during the Thanksgiving holiday for the first time ever in its history.

Walgreens announced that it will join the retailer trend and close most of its locations on Thanksgiving Day.

Tracey Brown, executive VP of Walgreens Retail and Chief Customer Officer, said in a press release that the company’s decision was based in part on employee feedback.

“We have consistently heard from our team members — who are the face of Walgreens — that time off is a meaningful way for us to demonstrate we value them,” Brown said.

The company said almost all of its 24-hour locations will remain open on Thanksgiving as will a “small number” of Walgreens distribution centers and other sites.

“Thanksgiving closures garnered attention during worker-friendly labor markets in the years before the pandemic as a way for retailers to attract talent during a busy time of year.

This trend continued through the pandemic,” reports RetailDive.

In its announcement, Walgreens said employee efforts during the “respiratory illness season,” such as providing vaccinations, screenings and prescription access, motivated its decision to close.

“We know that this season comes with immense pressures to provide the highest level of healthcare and service from our pharmacies,” Brown said.

“Our change in operations this year is intended to acknowledge the dedication of our store team members and leadership, pharmacists and pharmacy techs who are working incredibly hard to deliver great customer and patient care.”

Walmart closed stores for Thanksgiving in 2020 for the first time since the 1980s, acknowledging the work employees had done during the pandemic’s first year.

Competitor Target similarly closed in 2020, and both companies have continued the practice ever since.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

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Market News Today - Unexpected Layoffs in Maryland Now Grow Prior To Holidays.
Market News Today – Unexpected Layoffs in Maryland Now Grow Prior To Holidays.

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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:
    November 23, 2023 at 12:27 am

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  2. Frank Nez says:
    November 23, 2023 at 12:27 am

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