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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 Tennessee Now Grow Going Into 2024
Market News Today - Unexpected Layoffs in Tennessee Now Grow Going Into 2024

Unexpected Layoffs in Tennessee Now Grow Going Into 2024

By Frank Nez
December 12, 2023
3

Unexpected layoffs in Tennessee now grow going into 2024 as more businesses announce 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.

Aludyne is one of the most recent companies that has filed an official WARN Notice advising that 40 staff will be laid off in February.

“Aludyne, Inc.has filed an official WARN Notice with the Tennessee Department of Labor and Workforce Development, notifying the agency of a permanent layoff.

Separations will occur between February 1, 2024, and February 14, 2024. The total number of affected workers is 40.

This company is located at 901Alfred Thun Rd., Clarksville, TN 37040.”

So far in 2023, there has been approximately 5,532 layoffs in Tennessee across 54 businesses according to the latest WARN data.

Layoffs in Tennessee 2023.
Layoffs in Tennessee 2023.

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

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

Below is a list of businesses that have advised of upcoming job cuts in Tennessee going into 2024:

  • Nyrstar Tennessee Mines – Gordonsville LLC. 300 job cuts by 12/31.
  • Morgan Olson, LLC. 290 job cuts by 12/22.
  • Red Stag Fulfillment. 185 job cuts by 2/28/2024.
  • American Snuff Company, LLC. 132 job cuts as of 12/01.
  • Ryman Hospitality Properties, Inc. 124 job cuts by 1/01/2024.
  • Chick-fil-A. 84 job cuts by 2/06/2024.
  • Newell Brands Industries LLC. 81 job cuts by 12/22.
  • Cygnus Home Service dba Yelloh. 23 job cuts by 12/15.

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

Other Economy News Today

Market News Today - Unexpected Layoffs in Tennessee Now Grow Going Into 2024.
Market News Today – Unexpected Layoffs in Tennessee Now Grow Going Into 2024.

A popular retailer now announces an unexpected closure and as it now begins its going-out-of-business liquidation sale.

Unlike Amazon, Target, and most retailers who sell online, Zulily did not offer quick delivery.

That was literally part of its business model. 

“The secret to our deals is in our shipping. We wait and bundle items from multiple orders, using fewer boxes.

Then, we pass the savings on to you. Sometimes, it takes a little longer, but our customers say it’s worth the wait,” the company shared on its website.

That model clearly did not work as the company abruptly announced on Dec. 9 that the company was shutting down, reports TheStreet.

“All sales are final during Zulily’s going-out-of-business sale,” the website reads. “FINAL SALE. All items must go,” the company posted.

Signs of the company’s problems emerged on Dec. 7 when the Seattle-based online-only retailer abruptly laid off about 800 of its staff.

Along with letting workers go, the digital retailer closed its Seattle headquarters and two warehouse locations, GeekWire reported.

The company has not shared its impending closure on its Facebook page, which includes this description of its business:

“Find affordable items from the brands you love, without the hassle of sifting through countless racks.”

GenUi, a software development consultant, sued Zulily earlier this month “alleging that Zulily breached contractual obligations and owes the company $191,776 for work completed earlier this year,” GeekWire also reported.

“GenUI has performed work for Zulily since 2017, but starting this past April, Zulily started to fall behind on monthly payments, according to the suit filed in King County Superior Court.”

The company has not posted on X, the former Twitter, since May.

Zulily has not shared what its final day of operation will be.

Also Read: Texas Now Has Massive Departures As Residents Leave State

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Market News Today - Unexpected Layoffs in Tennessee Now Grow Going Into 2024.
Market News Today – Unexpected Layoffs in Tennessee Now Grow Going Into 2024.

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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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3 Comments
  1. C Smith says:
    December 12, 2023 at 10:47 pm

    The Fed & Biden & his idiot economics have everything to do with job losses. Biden closing the pipeline, billions of dollars to Ukraine, billions of dollars spent needlessly all over the place, the enormous debt in US & neither Biden nor Congress seem to care. Middle & lower economic families are the ones most traumatized by Biden’s stupid policies!!!

    Log in to Reply
  2. Frank Nez says:
    December 12, 2023 at 4:24 pm

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

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  3. Frank Nez says:
    December 12, 2023 at 4:23 pm

    Leave your thoughts below.

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