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News Flash
Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses
Gen Z And Millennials Are Now Choosing Stocks Over Houses
Major US Bank Is Now Closing 18 Branches This Summer
Major US Bank Is Now Closing 18 Branches This Summer
Stop & Shop Store Closures
A Massive Grocery Chain Is Now Closing Stores
52-year-old restaurant Beefeater will close all locations
International Restaurant Beefeater Will Now Close All Locations
Home Depot Rival closes store after 87 years in business
A Home Depot Rival Closes After 87 Years in Business
JCPenney Ridgmar Mall Closure
Massive Mall Retailer Confirms Closure of Another Location
Magellan Aerospace files chapter 11 bankruptcy
An Aerospace Manufacturer Now Files Unexpected Chapter 11 Bankruptcy
Former Employees of Massive Bank Now Sentenced to Prison
Former Employees of a Massive Bank Now Sentenced to Prison
Home/Banking News/Unexpected Layoffs in New Jersey Are Now Announced
Market News Today - Unexpected Layoffs in New Jersey Are Now Announced

Unexpected Layoffs in New Jersey Are Now Announced

By Frank Nez
April 3, 2024
2

Unexpected layoffs in New Jersey are now announced as more businesses file WARN notices advising of upcoming job cuts.

It’s important to note that under the Worker Adjustment and Retraining Notification (WARN) 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.

These notices must be filed with the New Jersey Department of Labor and Workforce Development.

So far for 2024, there has been 1,540 layoffs in New Jersey across 17 companies according to the latest WARN data.

Layoffs in New Jersey 2024.
Layoffs in New Jersey 2024.

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

  • BedaBox LLC dba ShipMonk. 148 job cuts by 6/30.
  • Courier Post. 139 job cuts by 6/23.
  • Family Dollar stores. 94 job cuts by 4/20.
  • Regal Logistics. 157 job cuts by 5/30.
  • Flight Centre Travel Group (USA) Inc. 84 job cuts by 6/01.
  • Ashley Stewart Inc. 129 job cuts by 5/8.
  • Audible Inc. 62 job cuts by 4/10.
  • Newbold Services. 36 job cuts by 4/6.
  • ACME Markets Inc. 70 job cuts on 4/1.

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Also Read: Retirees Will Now Receive More Money For Social Security

Other Economy News Today

Market News Today -Unexpected Layoffs in New Jersey Are Now Announced.
Market News Today -Unexpected Layoffs in New Jersey Are Now Announced.

A liquidation sale is now underway as a retailer makes an unexpected closure at one of its major locations, sources report.

A Big Lots located in Leesburg, Virginia, is closing down in just weeks, launching liquidation sales of up to 20%.

The store has yet to announce a final closing date.

The shutting location is located at the Battlefield Shopping Center, 40 minutes northwest of Washington DC.

Shoppers have a limited time to buy from the furniture store, but it’s not clear when the store will shut for good.

An employee reported to The-Sun that there is no final date set.

They also said that discounts are currently set at 10% off most items, with 20% off mattresses.

It is also unclear as to what exactly led this location to close, reports the outlet.

However, this is not the first Big Lots location to shut its doors.

In late 2023, the chain announced three closures.

Locations in New York, North Carolina, and Illinois all locked up for good.

In November, the company said it was “reviewing its store footprint.”

At the time, a representative spoke to Sacramento Business Journal.

Spokesman Josh Chaney told the outlet that “consistent with standard retail practices, we review our store footprint on an ongoing basis to make sure we’re best positioned to successfully serve our customers and our business.”

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Also Read: Famous Retailer Is Now Laying Off 614 People in California

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Market News Today -Unexpected Layoffs in New Jersey Are Now Announced.
Market News Today -Unexpected Layoffs in New Jersey Are Now Announced.

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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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2 Comments
  1. Frank Nez says:
    April 3, 2024 at 3:25 pm

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  2. Frank Nez says:
    April 3, 2024 at 3:24 pm

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